XML 88 R34.htm IDEA: XBRL DOCUMENT v3.21.1
Investments in Debt and Equity Securities (Tables)
 3 Months Ended
Mar. 31, 2021
Debt Securities, Available-for-sale [Line Items]  
Debt Securities, Trading, and Equity Securities, FV-NI
The following table presents the estimated fair value of investments in debt and equity securities; equity investments are classified as FV-NI and debt investments are classified as AFS.
March 31, 2021December 31, 2020
GrossGrossGrossGross
UnrealizedUnrealizedEstimatedUnrealizedUnrealizedEstimated
HoldingHoldingFairHoldingHoldingFair
(in millions)GainsLossesValueGainsLossesValue
NDTF
Cash and cash equivalents$— $— $193 $— $— $177 
Equity securities4,363 47 6,379 4,138 54 6,235 
Corporate debt securities38 8 793 76 1 806 
Municipal bonds13 1 299 22 — 370 
U.S. government bonds31 18 1,559 51 — 1,361 
Other debt securities5 — 184 8 — 180 
Total NDTF Investments$4,450 $74 $9,407 $4,295 $55 $9,129 
Other Investments
Cash and cash equivalents$— $— $222 $— $— $127 
Equity securities86 — 154 79 — 146 
Corporate debt securities2 — 109 8 — 110 
Municipal bonds3 1 77 5 — 86 
U.S. government bonds— 1 55 — — 42 
Other debt securities— 1 36 — — 47 
Total Other Investments$91 $3 $653 $92 $— $558 
Total Investments$4,541 $77 $10,060 $4,387 $55 $9,687 
Debt Securities, Available-for-sale
The following table presents the estimated fair value of investments in debt and equity securities; equity investments are classified as FV-NI and debt investments are classified as AFS.
March 31, 2021December 31, 2020
GrossGrossGrossGross
UnrealizedUnrealizedEstimatedUnrealizedUnrealizedEstimated
HoldingHoldingFairHoldingHoldingFair
(in millions)GainsLossesValueGainsLossesValue
NDTF
Cash and cash equivalents$— $— $193 $— $— $177 
Equity securities4,363 47 6,379 4,138 54 6,235 
Corporate debt securities38 8 793 76 1 806 
Municipal bonds13 1 299 22 — 370 
U.S. government bonds31 18 1,559 51 — 1,361 
Other debt securities5 — 184 8 — 180 
Total NDTF Investments$4,450 $74 $9,407 $4,295 $55 $9,129 
Other Investments
Cash and cash equivalents$— $— $222 $— $— $127 
Equity securities86 — 154 79 — 146 
Corporate debt securities2 — 109 8 — 110 
Municipal bonds3 1 77 5 — 86 
U.S. government bonds— 1 55 — — 42 
Other debt securities— 1 36 — — 47 
Total Other Investments$91 $3 $653 $92 $— $558 
Total Investments$4,541 $77 $10,060 $4,387 $55 $9,687 
Schedule of Realized Gain (Loss)
Realized gains and losses, which were determined on a specific identification basis, from sales of FV-NI and AFS securities for the three months ended March 31, 2021, and 2020, were as follows.
Three Months Ended
(in millions)March 31, 2021March 31, 2020
FV-NI:
 Realized gains $140 $23 
 Realized losses23 65 
AFS:
 Realized gains18 20 
 Realized losses13 6 
Investments Classified by Contractual Maturity Date
The table below summarizes the maturity date for debt securities.
March 31, 2021
DukeDukeDukeDuke
DukeEnergyProgressEnergyEnergyEnergy
(in millions)EnergyCarolinasEnergyProgressFloridaIndiana
Due in one year or less$152 $7 $116 $18 $98 $5 
Due after one through five years1,013 375 579 267 312 18 
Due after five through 10 years693 310 289 217 72 9 
Due after 10 years1,254 652 533 501 32 13 
Total$3,112 $1,344 $1,517 $1,003 $514 $45 
Duke Energy Carolinas  
Debt Securities, Available-for-sale [Line Items]  
Debt Securities, Trading, and Equity Securities, FV-NI
The following table presents the estimated fair value of investments in debt and equity securities; equity investments are classified as FV-NI and debt investments are classified as AFS.
March 31, 2021December 31, 2020
GrossGrossGrossGross
UnrealizedUnrealizedEstimatedUnrealizedUnrealizedEstimated
HoldingHoldingFairHoldingHoldingFair
(in millions)GainsLossesValueGainsLossesValue
NDTF
Cash and cash equivalents$— $— $63 $— $— $30 
Equity securities2,531 23 3,738 2,442 23 3,685 
Corporate debt securities23 5 475 49 1 510 
Municipal bonds— — 22 6 — 91 
U.S. government bonds16 9 669 25 — 475 
Other debt securities4 — 178 7 — 174 
Total NDTF Investments$2,574 $37 $5,145 $2,529 $24 $4,965 
Debt Securities, Available-for-sale
The following table presents the estimated fair value of investments in debt and equity securities; equity investments are classified as FV-NI and debt investments are classified as AFS.
March 31, 2021December 31, 2020
GrossGrossGrossGross
UnrealizedUnrealizedEstimatedUnrealizedUnrealizedEstimated
HoldingHoldingFairHoldingHoldingFair
(in millions)GainsLossesValueGainsLossesValue
NDTF
Cash and cash equivalents$— $— $63 $— $— $30 
Equity securities2,531 23 3,738 2,442 23 3,685 
Corporate debt securities23 5 475 49 1 510 
Municipal bonds— — 22 6 — 91 
U.S. government bonds16 9 669 25 — 475 
Other debt securities4 — 178 7 — 174 
Total NDTF Investments$2,574 $37 $5,145 $2,529 $24 $4,965 
Schedule of Realized Gain (Loss)
Realized gains and losses, which were determined on a specific identification basis, from sales of FV-NI and AFS securities for the three months ended March 31, 2021, and 2020, were as follows.
Three Months Ended
(in millions)March 31, 2021March 31, 2020
FV-NI:
 Realized gains$128 $9 
 Realized losses 16 45 
AFS:
 Realized gains13 12 
 Realized losses9 5 
Progress Energy  
Debt Securities, Available-for-sale [Line Items]  
Debt Securities, Trading, and Equity Securities, FV-NI
The following table presents the estimated fair value of investments in debt and equity securities; equity investments are classified as FV-NI and debt investments are classified as AFS.
March 31, 2021December 31, 2020
GrossGrossGrossGross
UnrealizedUnrealizedEstimatedUnrealizedUnrealizedEstimated
HoldingHoldingFairHoldingHoldingFair
(in millions)GainsLossesValueGainsLossesValue
NDTF
Cash and cash equivalents$— $— $130 $— $— $147 
Equity securities1,832 24 2,641 1,696 31 2,550 
Corporate debt securities15 3 318 27 — 296 
Municipal bonds13 1 277 16 — 279 
U.S. government bonds15 9 890 26 — 886 
Other debt securities1 — 6 1 — 6 
Total NDTF Investments$1,876 $37 $4,262 $1,766 $31 $4,164 
Other Investments
Cash and cash equivalents$— $— $107 $— $— $106 
Municipal bonds2 — 26 3 — 26 
Total Other Investments$2 $— $133 $3 $— $132 
Total Investments$1,878 $37 $4,395 $1,769 $31 $4,296 
Debt Securities, Available-for-sale
The following table presents the estimated fair value of investments in debt and equity securities; equity investments are classified as FV-NI and debt investments are classified as AFS.
March 31, 2021December 31, 2020
GrossGrossGrossGross
UnrealizedUnrealizedEstimatedUnrealizedUnrealizedEstimated
HoldingHoldingFairHoldingHoldingFair
(in millions)GainsLossesValueGainsLossesValue
NDTF
Cash and cash equivalents$— $— $130 $— $— $147 
Equity securities1,832 24 2,641 1,696 31 2,550 
Corporate debt securities15 3 318 27 — 296 
Municipal bonds13 1 277 16 — 279 
U.S. government bonds15 9 890 26 — 886 
Other debt securities1 — 6 1 — 6 
Total NDTF Investments$1,876 $37 $4,262 $1,766 $31 $4,164 
Other Investments
Cash and cash equivalents$— $— $107 $— $— $106 
Municipal bonds2 — 26 3 — 26 
Total Other Investments$2 $— $133 $3 $— $132 
Total Investments$1,878 $37 $4,395 $1,769 $31 $4,296 
Schedule of Realized Gain (Loss)
Realized gains and losses, which were determined on a specific identification basis, from sales of FV-NI and AFS securities for the three months ended March 31, 2021, and 2020, were as follows.
Three Months Ended
(in millions)March 31, 2021March 31, 2020
FV-NI:
 Realized gains$12 $14 
 Realized losses7 20 
AFS:
 Realized gains4 5 
 Realized losses3 1 
Duke Energy Progress  
Debt Securities, Available-for-sale [Line Items]  
Debt Securities, Trading, and Equity Securities, FV-NI
The following table presents the estimated fair value of investments in debt and equity securities; equity investments are classified as FV-NI and debt investments are classified as AFS.
March 31, 2021December 31, 2020
GrossGrossGrossGross
UnrealizedUnrealizedEstimatedUnrealizedUnrealizedEstimated
HoldingHoldingFairHoldingHoldingFair
(in millions)GainsLossesValueGainsLossesValue
NDTF
Cash and cash equivalents$— $— $95 $— $— $76 
Equity securities1,746 24 2,547 1,617 31 2,459 
Corporate debt securities15 3 291 27 — 296 
Municipal bonds13 1 277 16 — 279 
U.S. government bonds15 4 429 26 — 412 
Other debt securities1 — 6 1 — 6 
Total NDTF Investments$1,790 $32 $3,645 $1,687 $31 $3,528 
Other Investments
Cash and cash equivalents$— $— $1 $— $— $1 
Total Other Investments$— $— $1 $— $— $1 
Total Investments$1,790 $32 $3,646 $1,687 $31 $3,529 
Debt Securities, Available-for-sale
The following table presents the estimated fair value of investments in debt and equity securities; equity investments are classified as FV-NI and debt investments are classified as AFS.
March 31, 2021December 31, 2020
GrossGrossGrossGross
UnrealizedUnrealizedEstimatedUnrealizedUnrealizedEstimated
HoldingHoldingFairHoldingHoldingFair
(in millions)GainsLossesValueGainsLossesValue
NDTF
Cash and cash equivalents$— $— $95 $— $— $76 
Equity securities1,746 24 2,547 1,617 31 2,459 
Corporate debt securities15 3 291 27 — 296 
Municipal bonds13 1 277 16 — 279 
U.S. government bonds15 4 429 26 — 412 
Other debt securities1 — 6 1 — 6 
Total NDTF Investments$1,790 $32 $3,645 $1,687 $31 $3,528 
Other Investments
Cash and cash equivalents$— $— $1 $— $— $1 
Total Other Investments$— $— $1 $— $— $1 
Total Investments$1,790 $32 $3,646 $1,687 $31 $3,529 
Schedule of Realized Gain (Loss)
Realized gains and losses, which were determined on a specific identification basis, from sales of FV-NI and AFS securities for the three months ended March 31, 2021, and 2020, were as follows.
Three Months Ended
(in millions)March 31, 2021March 31, 2020
FV-NI:
 Realized gains$12 $14 
 Realized losses7 20 
AFS:
 Realized gains4 5 
 Realized losses3 1 
Duke Energy Florida  
Debt Securities, Available-for-sale [Line Items]  
Debt Securities, Trading, and Equity Securities, FV-NI
The following table presents the estimated fair value of investments in debt and equity securities; equity investments are classified as FV-NI and debt investments are classified as AFS.
March 31, 2021December 31, 2020
GrossGrossGrossGross
UnrealizedUnrealizedEstimatedUnrealizedUnrealizedEstimated
HoldingHoldingFairHoldingHoldingFair
(in millions)GainsLossesValueGainsLossesValue
NDTF
Cash and cash equivalents$— $— $35 $— $— $71 
Equity securities86 — 94 79 — 91 
Corporate debt securities— — 27 — — — 
U.S. government bonds— 5 461 — — 474 
Total NDTF Investments(a)
$86 $5 $617 $79 $— $636 
Other Investments
Cash and cash equivalents$— $— $2 $— $— $1 
Municipal bonds2 — 26 3 — 26 
Total Other Investments$2 $— $28 $3 $— $27 
Total Investments$88 $5 $645 $82 $— $663 
(a)During the three months ended March 31, 2021, and the year ended December 31, 2020, Duke Energy Florida received reimbursements from the NDTF for costs related to ongoing decommissioning activity of Crystal River Unit 3.
Debt Securities, Available-for-sale
The following table presents the estimated fair value of investments in debt and equity securities; equity investments are classified as FV-NI and debt investments are classified as AFS.
March 31, 2021December 31, 2020
GrossGrossGrossGross
UnrealizedUnrealizedEstimatedUnrealizedUnrealizedEstimated
HoldingHoldingFairHoldingHoldingFair
(in millions)GainsLossesValueGainsLossesValue
NDTF
Cash and cash equivalents$— $— $35 $— $— $71 
Equity securities86 — 94 79 — 91 
Corporate debt securities— — 27 — — — 
U.S. government bonds— 5 461 — — 474 
Total NDTF Investments(a)
$86 $5 $617 $79 $— $636 
Other Investments
Cash and cash equivalents$— $— $2 $— $— $1 
Municipal bonds2 — 26 3 — 26 
Total Other Investments$2 $— $28 $3 $— $27 
Total Investments$88 $5 $645 $82 $— $663 
(a)During the three months ended March 31, 2021, and the year ended December 31, 2020, Duke Energy Florida received reimbursements from the NDTF for costs related to ongoing decommissioning activity of Crystal River Unit 3.
Duke Energy Indiana  
Debt Securities, Available-for-sale [Line Items]  
Debt Securities, Trading, and Equity Securities, FV-NI
The following table presents the estimated fair value of investments in debt and equity securities; equity investments are measured at FV-NI and debt investments are classified as AFS.
March 31, 2021December 31, 2020
GrossGrossGrossGross
UnrealizedUnrealizedEstimatedUnrealizedUnrealizedEstimated
HoldingHoldingFairHoldingHoldingFair
(in millions)GainsLossesValueGainsLossesValue
Investments
Cash and cash equivalents$— $— $— $— $— $1 
Equity securities62 — 102 58 — 97 
Corporate debt securities— — 4 — — 3 
Municipal bonds1 1 35 1 — 38 
U.S. government bonds— — 6 — — 4 
Total Investments$63 $1 $147 $59 $— $143 
Debt Securities, Available-for-sale
The following table presents the estimated fair value of investments in debt and equity securities; equity investments are measured at FV-NI and debt investments are classified as AFS.
March 31, 2021December 31, 2020
GrossGrossGrossGross
UnrealizedUnrealizedEstimatedUnrealizedUnrealizedEstimated
HoldingHoldingFairHoldingHoldingFair
(in millions)GainsLossesValueGainsLossesValue
Investments
Cash and cash equivalents$— $— $— $— $— $1 
Equity securities62 — 102 58 — 97 
Corporate debt securities— — 4 — — 3 
Municipal bonds1 1 35 1 — 38 
U.S. government bonds— — 6 — — 4 
Total Investments$63 $1 $147 $59 $— $143