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Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Operating Revenues        
Regulated electric $ 6,495 $ 6,315 $ 16,972 $ 16,402
Regulated natural gas 263 214 1,314 1,115
Nonregulated electric and other 193 192 573 574
Total operating revenues 6,951 6,721 18,859 18,091
Operating Expenses        
Operation, maintenance and other 1,507 1,450 4,319 4,142
Depreciation and amortization 1,265 1,217 3,698 3,497
Property and other taxes 371 324 1,073 1,003
Impairment of assets and other charges 211 28 342 36
Total operating expenses 5,273 4,909 14,564 13,622
(Losses) Gains on Sales of Other Assets and Other, net 9 2 11 10
Operating Income 1,687 1,814 4,306 4,479
Other Income and Expenses        
Equity in earnings (losses) of unconsolidated affiliates 22 (80) 14 (2,004)
Other income and expenses, net 238 127 493 310
Total other income and expenses 260 47 507 (1,694)
Interest Expense 581 522 1,688 1,627
Income Before Income Taxes 1,366 1,339 3,125 1,158
Income Tax Expense (Benefit) 90 105 210 (74)
Net Income 1,276 1,234 2,915 1,232
Add: Net Loss Attributable to Noncontrolling Interests 129 70 247 208
Net Income and Comprehensive Income 1,405 1,304 3,162 1,440
Less: Preferred Dividends 39 39 92 93
Net Income Available to Duke Energy Corporation Common Stockholders 1,366 1,265 3,070 1,347
Other Comprehensive Income (Loss), net of tax        
Pension and OPEB adjustments [1] 1 1 3 1
Net unrealized (losses) gains on cash flow hedges [1] 9 (83) (59) (159)
Unrealized (losses) gains on available-for-sale securities [1] (2) (2) (6) 5
Other Comprehensive Income (Loss), net of tax [1] 10 (80) (53) (145)
Comprehensive Income 1,286 1,154 2,862 1,087
Add: Comprehensive Loss Attributable to Noncontrolling Interests (128) (70) (240) (220)
Comprehensive Income Attributable to Duke Energy $ 1,414 $ 1,224 $ 3,102 $ 1,307
Net income (loss) attributable to Duke Energy Corporation common stockholders        
Basic (in usd per share) $ 1.79 $ 1.74 $ 4.00 $ 1.85
Diluted (in usd per share) $ 1.79 $ 1.74 $ 4.00 $ 1.85
Weighted Average Shares Outstanding        
Basic (in shares) 769 735 769 735
Diluted (in shares) 769 735 769 735
Duke Energy Carolinas        
Operating Revenues        
Total operating revenues $ 2,104 $ 2,058 $ 5,430 $ 5,416
Operating Expenses        
Fuel used in electric generation and purchased power/Cost of natural gas 452 497 1,218 1,326
Operation, maintenance and other 471 402 1,347 1,218
Depreciation and amortization 366 372 1,088 1,090
Property and other taxes 91 57 248 213
Impairment of assets and other charges 163 20 238 22
Total operating expenses 1,543 1,348 4,139 3,869
(Losses) Gains on Sales of Other Assets and Other, net (1) 1 1 1
Operating Income 560 711 1,292 1,548
Other Income and Expenses        
Total other income and expenses 126 42 218 128
Interest Expense 137 122 400 370
Income Before Income Taxes 549 631 1,110 1,306
Income Tax Expense (Benefit) 16 76 40 178
Net Income and Comprehensive Income 533 555 1,070 1,128
Progress Energy        
Operating Revenues        
Total operating revenues 3,233 3,197 8,417 8,117
Operating Expenses        
Fuel used in electric generation and purchased power/Cost of natural gas 1,074 1,088 2,702 2,628
Operation, maintenance and other 636 646 1,863 1,789
Depreciation and amortization 504 472 1,430 1,356
Property and other taxes 144 147 419 419
Impairment of assets and other charges 42 1 79 1
Total operating expenses 2,400 2,354 6,493 6,193
(Losses) Gains on Sales of Other Assets and Other, net 8 3 9 9
Operating Income 841 846 1,933 1,933
Other Income and Expenses        
Total other income and expenses 86 24 167 89
Interest Expense 200 194 592 599
Income Before Income Taxes 727 676 1,508 1,423
Income Tax Expense (Benefit) 94 70 174 190
Net Income 633 606 1,334 1,233
Add: Net Loss Attributable to Noncontrolling Interests (1) (1) (1) (1)
Net Income and Comprehensive Income 632 605 1,333 1,232
Other Comprehensive Income (Loss), net of tax        
Pension and OPEB adjustments (1)     1
Net unrealized (losses) gains on cash flow hedges 1 1 2 3
Unrealized (losses) gains on available-for-sale securities   1   1
Other Comprehensive Income (Loss), net of tax   2 2 5
Comprehensive Income 633 608 1,336 1,238
Add: Comprehensive Loss Attributable to Noncontrolling Interests 1 1 1 1
Comprehensive Income Attributable to Duke Energy 632 607 1,335 1,237
Duke Energy Progress        
Operating Revenues        
Total operating revenues 1,667 1,626 4,417 4,207
Operating Expenses        
Fuel used in electric generation and purchased power/Cost of natural gas 523 537 1,368 1,337
Operation, maintenance and other 368 348 1,092 970
Depreciation and amortization 290 289 811 833
Property and other taxes 39 38 129 129
Impairment of assets and other charges 42 5 60 5
Total operating expenses 1,262 1,217 3,460 3,274
(Losses) Gains on Sales of Other Assets and Other, net 7 3 8 8
Operating Income 412 412 965 941
Other Income and Expenses        
Total other income and expenses 67 11 111 52
Interest Expense 79 66 226 203
Income Before Income Taxes 400 357 850 790
Income Tax Expense (Benefit) 25 11 50 79
Net Income and Comprehensive Income 375 346 800 711
Duke Energy Florida        
Operating Revenues        
Total operating revenues 1,561 1,567 3,987 3,897
Operating Expenses        
Fuel used in electric generation and purchased power/Cost of natural gas 552 551 1,335 1,291
Operation, maintenance and other 263 292 760 806
Depreciation and amortization 214 183 619 523
Property and other taxes 105 110 290 290
Impairment of assets and other charges   (4) 19 (4)
Total operating expenses 1,134 1,132 3,023 2,906
(Losses) Gains on Sales of Other Assets and Other, net 1   1  
Operating Income 428 435 965 991
Other Income and Expenses        
Total other income and expenses 18 11 54 36
Interest Expense 79 81 239 245
Income Before Income Taxes 367 365 780 782
Income Tax Expense (Benefit) 70 78 149 159
Net Income and Comprehensive Income 297 287 631 623
Other Comprehensive Income (Loss), net of tax        
Unrealized (losses) gains on available-for-sale securities   1   1
Other Comprehensive Income (Loss), net of tax   1   1
Comprehensive Income Attributable to Duke Energy 297 288 631 624
Duke Energy Ohio        
Operating Revenues        
Regulated electric 413 394 1,119 1,070
Regulated natural gas 93 79 375 324
Total operating revenues 506 473 1,494 1,394
Operating Expenses        
Operation, maintenance and other 116 115 335 333
Depreciation and amortization 79 72 228 208
Property and other taxes 91 83 266 244
Impairment of assets and other charges     5  
Total operating expenses 414 367 1,204 1,089
Operating Income 92 106 290 305
Other Income and Expenses        
Total other income and expenses 4 4 14 11
Interest Expense 29 26 82 75
Income Before Income Taxes 67 84 222 241
Income Tax Expense (Benefit) 9 14 34 40
Net Income and Comprehensive Income 58 70 188 201
Duke Energy Indiana        
Operating Revenues        
Total operating revenues 886 761 2,366 2,070
Operating Expenses        
Fuel used in electric generation and purchased power/Cost of natural gas 292 222 710 577
Operation, maintenance and other 173 207 543 564
Depreciation and amortization 154 149 458 415
Property and other taxes 16 15 57 57
Impairment of assets and other charges     8  
Total operating expenses 635 593 1,776 1,613
(Losses) Gains on Sales of Other Assets and Other, net 1      
Operating Income 252 168 590 457
Other Income and Expenses        
Total other income and expenses 12 9 31 28
Interest Expense 49 29 148 114
Income Before Income Taxes 215 148 473 371
Income Tax Expense (Benefit) 34 29 77 72
Net Income and Comprehensive Income 181 119 396 299
Piedmont        
Operating Revenues        
Total operating revenues 195 162 1,016 871
Operating Expenses        
Fuel used in electric generation and purchased power/Cost of natural gas 66 39 354 254
Operation, maintenance and other 77 75 231 234
Depreciation and amortization 51 45 150 133
Property and other taxes 16 13 44 37
Impairment of assets and other charges 4 7 9 7
Total operating expenses 214 179 788 665
Operating Income (19) (17) 228 206
Other Income and Expenses        
Equity in earnings (losses) of unconsolidated affiliates     7 7
Total other income and expenses 16 16 51 44
Interest Expense 29 29 88 89
Income Before Income Taxes (32) (30) 191 161
Income Tax Expense (Benefit) (8) (5) 16 6
Net Income and Comprehensive Income (24) (25) 175 155
Fuel used in electric generation and purchased power        
Operating Expenses        
Fuel used in electric generation and purchased power/Cost of natural gas 1,844 1,849 4,702 4,645
Fuel used in electric generation and purchased power | Duke Energy Ohio        
Operating Expenses        
Fuel used in electric generation and purchased power/Cost of natural gas 119 94 294 258
Cost of natural gas        
Operating Expenses        
Fuel used in electric generation and purchased power/Cost of natural gas 75 41 430 299
Cost of natural gas | Duke Energy Ohio        
Operating Expenses        
Fuel used in electric generation and purchased power/Cost of natural gas $ 9 $ 3 $ 76 $ 46
[1] Net of income tax impacts of approximately $24 million for the three months ended September 30, 2020, and $16 million and $43 million for the nine months ended September 30, 2021, and 2020, respectively. All other periods presented include immaterial income tax impacts.