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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2021
Dec. 31, 2020
Current Assets    
Cash and cash equivalents $ 343 $ 259
Receivables (net of allowance for doubtful accounts) 1,173 1,009
Receivables of VIEs (net of allowance for doubtful accounts) 2,437 2,144
Inventory 3,199 3,167
Regulatory assets (includes amounts related to VIEs) 2,150 1,641
Other (including amounts related to VIEs) 638 462
Total current assets 9,940 8,682
Property, Plant and Equipment    
Cost 161,819 155,580
Accumulated depreciation and amortization (50,555) (48,827)
Facilities to be retired, net 144 29
Net property, plant and equipment 111,408 106,782
Other Noncurrent Assets    
Goodwill 19,303 19,303
Regulatory assets (includes amounts related to VIEs) 12,487 12,421
Nuclear decommissioning trust funds 10,401 9,114
Operating lease right-of-use assets, net 1,266 1,524
Investments in equity method unconsolidated affiliates 970 961
Other (including amounts related to VIEs) 3,812 3,601
Total other noncurrent assets 48,239 46,924
Total Assets 169,587 162,388
Current Liabilities    
Accounts payable 3,629 3,144
Notes payable and commercial paper 3,304 2,873
Taxes accrued 749 482
Interest accrued 533 537
Current maturities of long-term debt (includes amounts related to VIEs) 3,387 4,238
Asset retirement obligations 647 718
Regulatory liabilities 1,211 1,377
Other 2,471 2,936
Total current liabilities 15,931 16,305
Long-Term Debt (includes amounts related to VIEs) 60,448 55,625
Other Noncurrent Liabilities    
Deferred income taxes 9,379 9,244
Asset retirement obligations 12,129 12,286
Regulatory liabilities 16,152 15,029
Operating lease liabilities 1,074 1,340
Accrued pension and other post-retirement benefit costs 855 969
Investment tax credits 833 687
Other (includes amounts related to VIEs) 1,650 1,719
Total other noncurrent liabilities 42,072 41,274
Commitments and Contingencies
Equity    
Common stock 1 1
Additional paid-in capital 44,371 43,767
Retained earnings 3,265 2,471
Accumulated other comprehensive (loss) income (303) (237)
Total Parent stockholders' equity 49,296 47,964
Noncontrolling interests 1,840 1,220
Total equity 51,136 49,184
Total Liabilities and Equity 169,587 162,388
VIEs    
Current Assets    
Regulatory assets (includes amounts related to VIEs) 105 53
Other (including amounts related to VIEs) 256 296
Other Noncurrent Assets    
Regulatory assets (includes amounts related to VIEs) 1,823 937
Other (including amounts related to VIEs) 92 81
Current Liabilities    
Current maturities of long-term debt (includes amounts related to VIEs) 243 472
Long-Term Debt (includes amounts related to VIEs) 4,854 3,535
Other Noncurrent Liabilities    
Other (includes amounts related to VIEs) 319 316
Series A Preferred Stock    
Equity    
Preferred stock 973 973
Series B Preferred Stock    
Equity    
Preferred stock 989 989
Duke Energy Carolinas    
Current Assets    
Cash and cash equivalents 7 21
Receivables (net of allowance for doubtful accounts) 300 247
Receivables of VIEs (net of allowance for doubtful accounts) 844 696
Receivables from affiliated companies 190 124
Inventory 1,026 1,010
Regulatory assets (includes amounts related to VIEs) 544 473
Other (including amounts related to VIEs) 95 20
Total current assets 3,006 2,591
Property, Plant and Equipment    
Cost 51,874 50,640
Accumulated depreciation and amortization (17,854) (17,453)
Facilities to be retired, net 102  
Net property, plant and equipment 34,122 33,187
Other Noncurrent Assets    
Regulatory assets (includes amounts related to VIEs) 2,935 2,996
Nuclear decommissioning trust funds 5,759 4,977
Operating lease right-of-use assets, net 92 110
Other (including amounts related to VIEs) 1,248 1,187
Total other noncurrent assets 10,034 9,270
Total Assets 47,162 45,048
Current Liabilities    
Accounts payable 988 1,000
Accounts payable to affiliated companies 266 199
Notes payable to affiliated companies 226 506
Taxes accrued 274 76
Interest accrued 125 117
Current maturities of long-term debt (includes amounts related to VIEs) 362 506
Asset retirement obligations 249 264
Regulatory liabilities 487 473
Other 546 546
Total current liabilities 3,523 3,687
Long-Term Debt (includes amounts related to VIEs) 12,595 11,412
Long-Term Debt Payable to Affiliated Companies 318 300
Other Noncurrent Liabilities    
Deferred income taxes 3,634 3,842
Asset retirement obligations 5,052 5,086
Regulatory liabilities 7,198 6,535
Operating lease liabilities 78 97
Accrued pension and other post-retirement benefit costs 50 73
Investment tax credits 287 236
Other (includes amounts related to VIEs) 536 626
Total other noncurrent liabilities 16,835 16,495
Commitments and Contingencies
Equity    
Member's equity 13,897 13,161
Accumulated other comprehensive (loss) income (6) (7)
Total member's equity 13,891 13,154
Total Liabilities and Equity 47,162 45,048
Duke Energy Carolinas | VIEs    
Current Assets    
Regulatory assets (includes amounts related to VIEs) 12  
Other Noncurrent Assets    
Regulatory assets (includes amounts related to VIEs) 220  
Current Liabilities    
Current maturities of long-term debt (includes amounts related to VIEs) 5  
Long-Term Debt (includes amounts related to VIEs) 703  
Progress Energy    
Current Assets    
Cash and cash equivalents 70 59
Receivables (net of allowance for doubtful accounts) 247 228
Receivables of VIEs (net of allowance for doubtful accounts) 1,006 901
Receivables from affiliated companies 121 157
Inventory 1,398 1,375
Regulatory assets (includes amounts related to VIEs) 1,030 758
Other (including amounts related to VIEs) 125 109
Total current assets 3,997 3,587
Property, Plant and Equipment    
Cost 60,894 57,892
Accumulated depreciation and amortization (19,214) (18,368)
Facilities to be retired, net 26 29
Net property, plant and equipment 41,706 39,553
Other Noncurrent Assets    
Goodwill 3,655 3,655
Regulatory assets (includes amounts related to VIEs) 5,909 5,775
Nuclear decommissioning trust funds 4,642 4,137
Operating lease right-of-use assets, net 691 690
Other (including amounts related to VIEs) 1,242 1,227
Total other noncurrent assets 16,139 15,484
Total Assets 61,842 58,624
Current Liabilities    
Accounts payable 1,099 919
Accounts payable to affiliated companies 506 289
Notes payable to affiliated companies 2,809 2,969
Taxes accrued 128 121
Interest accrued 192 202
Current maturities of long-term debt (includes amounts related to VIEs) 1,082 1,426
Asset retirement obligations 275 283
Regulatory liabilities 478 640
Other 868 793
Total current liabilities 7,437 7,642
Long-Term Debt (includes amounts related to VIEs) 19,591 17,688
Long-Term Debt Payable to Affiliated Companies 150 150
Other Noncurrent Liabilities    
Deferred income taxes 4,564 4,396
Asset retirement obligations 5,837 5,866
Regulatory liabilities 5,566 5,051
Operating lease liabilities 606 623
Accrued pension and other post-retirement benefit costs 417 505
Other (includes amounts related to VIEs) 526 462
Total other noncurrent liabilities 17,516 16,903
Commitments and Contingencies
Equity    
Additional paid-in capital 9,149 9,143
Retained earnings 8,007 7,109
Accumulated other comprehensive (loss) income (11) (15)
Total Parent stockholders' equity 17,145 16,237
Noncontrolling interests 3 4
Total equity 17,148 16,241
Total Liabilities and Equity 61,842 58,624
Progress Energy | VIEs    
Current Assets    
Regulatory assets (includes amounts related to VIEs) 93 53
Other (including amounts related to VIEs) 39 39
Other Noncurrent Assets    
Regulatory assets (includes amounts related to VIEs) 1,603 937
Current Liabilities    
Current maturities of long-term debt (includes amounts related to VIEs) 71 305
Long-Term Debt (includes amounts related to VIEs) 2,293 1,252
Duke Energy Progress    
Current Assets    
Cash and cash equivalents 35 39
Receivables (net of allowance for doubtful accounts) 127 132
Receivables of VIEs (net of allowance for doubtful accounts) 574 500
Receivables from affiliated companies 65 50
Inventory 921 911
Regulatory assets (includes amounts related to VIEs) 533 492
Other (including amounts related to VIEs) 83 60
Total current assets 2,338 2,184
Property, Plant and Equipment    
Cost 37,018 35,759
Accumulated depreciation and amortization (13,387) (12,801)
Facilities to be retired, net 26 29
Net property, plant and equipment 23,657 22,987
Other Noncurrent Assets    
Regulatory assets (includes amounts related to VIEs) 4,118 3,976
Nuclear decommissioning trust funds 4,089 3,500
Operating lease right-of-use assets, net 389 346
Other (including amounts related to VIEs) 792 740
Total other noncurrent assets 9,388 8,562
Total Assets 35,383 33,733
Current Liabilities    
Accounts payable 476 454
Accounts payable to affiliated companies 310 215
Notes payable to affiliated companies 172 295
Taxes accrued 163 85
Interest accrued 96 99
Current maturities of long-term debt (includes amounts related to VIEs) 556 603
Asset retirement obligations 274 283
Regulatory liabilities 381 530
Other 448 411
Total current liabilities 2,876 2,975
Long-Term Debt (includes amounts related to VIEs) 9,543 8,505
Long-Term Debt Payable to Affiliated Companies 150 150
Other Noncurrent Liabilities    
Deferred income taxes 2,208 2,298
Asset retirement obligations 5,401 5,352
Regulatory liabilities 4,868 4,394
Operating lease liabilities 350 323
Accrued pension and other post-retirement benefit costs 221 242
Investment tax credits 128 132
Other (includes amounts related to VIEs) 87 102
Total other noncurrent liabilities 13,263 12,843
Commitments and Contingencies
Equity    
Total member's equity 9,551 9,260
Total Liabilities and Equity 35,383 33,733
Duke Energy Progress | VIEs    
Current Assets    
Regulatory assets (includes amounts related to VIEs) 39  
Other Noncurrent Assets    
Regulatory assets (includes amounts related to VIEs) 720  
Current Liabilities    
Current maturities of long-term debt (includes amounts related to VIEs) 15  
Long-Term Debt (includes amounts related to VIEs) 1,097  
Duke Energy Florida    
Current Assets    
Cash and cash equivalents 23 11
Receivables (net of allowance for doubtful accounts) 117 94
Receivables of VIEs (net of allowance for doubtful accounts) 432 401
Receivables from affiliated companies 16 3
Inventory 477 464
Regulatory assets (includes amounts related to VIEs) 497 265
Other (including amounts related to VIEs) 80 41
Total current assets 1,642 1,279
Property, Plant and Equipment    
Cost 23,865 22,123
Accumulated depreciation and amortization (5,819) (5,560)
Net property, plant and equipment 18,046 16,563
Other Noncurrent Assets    
Regulatory assets (includes amounts related to VIEs) 1,791 1,799
Nuclear decommissioning trust funds 553 637
Operating lease right-of-use assets, net 302 344
Other (including amounts related to VIEs) 399 335
Total other noncurrent assets 3,045 3,115
Total Assets 22,733 20,957
Current Liabilities    
Accounts payable 623 465
Accounts payable to affiliated companies 209 85
Notes payable to affiliated companies 199 196
Taxes accrued 51 82
Interest accrued 68 69
Current maturities of long-term debt (includes amounts related to VIEs) 76 823
Asset retirement obligations 1  
Regulatory liabilities 98 110
Other 408 374
Total current liabilities 1,733 2,204
Long-Term Debt (includes amounts related to VIEs) 8,406 7,092
Other Noncurrent Liabilities    
Deferred income taxes 2,434 2,191
Asset retirement obligations 436 514
Regulatory liabilities 698 658
Operating lease liabilities 256 300
Accrued pension and other post-retirement benefit costs 166 231
Other (includes amounts related to VIEs) 309 209
Total other noncurrent liabilities 4,299 4,103
Commitments and Contingencies
Equity    
Member's equity 8,298 7,560
Accumulated other comprehensive (loss) income (3) (2)
Total member's equity 8,295 7,558
Total Liabilities and Equity 22,733 20,957
Duke Energy Florida | VIEs    
Current Assets    
Regulatory assets (includes amounts related to VIEs) 54 53
Other (including amounts related to VIEs) 39 39
Other Noncurrent Assets    
Regulatory assets (includes amounts related to VIEs) 883 937
Current Liabilities    
Current maturities of long-term debt (includes amounts related to VIEs) 56 305
Long-Term Debt (includes amounts related to VIEs) 1,196 1,002
Duke Energy Ohio    
Current Assets    
Cash and cash equivalents 13 14
Receivables (net of allowance for doubtful accounts) 96 98
Receivables from affiliated companies 122 102
Notes receivable from affiliated companies 15  
Inventory 116 110
Regulatory assets (includes amounts related to VIEs) 72 39
Other (including amounts related to VIEs) 57 31
Total current assets 491 394
Property, Plant and Equipment    
Cost 11,725 11,022
Accumulated depreciation and amortization (3,106) (3,013)
Facilities to be retired, net 6  
Net property, plant and equipment 8,625 8,009
Other Noncurrent Assets    
Goodwill 920 920
Regulatory assets (includes amounts related to VIEs) 635 610
Operating lease right-of-use assets, net 19 20
Other (including amounts related to VIEs) 84 72
Total other noncurrent assets 1,658 1,622
Total Assets 10,774 10,025
Current Liabilities    
Accounts payable 348 279
Accounts payable to affiliated companies 64 68
Notes payable to affiliated companies 103 169
Taxes accrued 275 247
Interest accrued 30 31
Current maturities of long-term debt (includes amounts related to VIEs)   50
Asset retirement obligations 13 3
Regulatory liabilities 62 65
Other 82 70
Total current liabilities 977 982
Long-Term Debt (includes amounts related to VIEs) 3,168 3,014
Long-Term Debt Payable to Affiliated Companies 25 25
Other Noncurrent Liabilities    
Deferred income taxes 1,050 981
Asset retirement obligations 123 108
Regulatory liabilities 739 748
Operating lease liabilities 18 20
Accrued pension and other post-retirement benefit costs 109 113
Other (includes amounts related to VIEs) 101 99
Total other noncurrent liabilities 2,140 2,069
Commitments and Contingencies
Equity    
Common stock 762 762
Additional paid-in capital 3,100 2,776
Retained earnings 602 397
Total Parent stockholders' equity 4,464 3,935
Total Liabilities and Equity 10,774 10,025
Duke Energy Indiana    
Current Assets    
Cash and cash equivalents 6 7
Receivables (net of allowance for doubtful accounts) 100 55
Receivables from affiliated companies 98 112
Notes receivable from affiliated companies 134  
Inventory 418 473
Regulatory assets (includes amounts related to VIEs) 277 125
Other (including amounts related to VIEs) 68 37
Total current assets 1,101 809
Property, Plant and Equipment    
Cost 17,343 17,382
Accumulated depreciation and amortization (5,583) (5,661)
Net property, plant and equipment 11,760 11,721
Other Noncurrent Assets    
Regulatory assets (includes amounts related to VIEs) 1,278 1,203
Operating lease right-of-use assets, net 53 55
Other (including amounts related to VIEs) 296 253
Total other noncurrent assets 1,627 1,511
Total Assets 14,488 14,041
Current Liabilities    
Accounts payable 282 188
Accounts payable to affiliated companies 221 88
Notes payable to affiliated companies   131
Taxes accrued 73 62
Interest accrued 49 51
Current maturities of long-term debt (includes amounts related to VIEs) 84 70
Asset retirement obligations 110 168
Regulatory liabilities 127 111
Other 105 83
Total current liabilities 1,051 952
Long-Term Debt (includes amounts related to VIEs) 4,089 3,871
Long-Term Debt Payable to Affiliated Companies 150 150
Other Noncurrent Liabilities    
Deferred income taxes 1,303 1,228
Asset retirement obligations 877 1,008
Regulatory liabilities 1,565 1,627
Operating lease liabilities 50 53
Accrued pension and other post-retirement benefit costs 167 171
Investment tax credits 177 168
Other (includes amounts related to VIEs) 44 30
Total other noncurrent liabilities 4,183 4,285
Commitments and Contingencies
Equity    
Total member's equity 5,015 4,783
Total Liabilities and Equity 14,488 14,041
Piedmont    
Current Assets    
Receivables (net of allowance for doubtful accounts) 318 250
Receivables from affiliated companies 11 10
Inventory 109 68
Regulatory assets (includes amounts related to VIEs) 141 153
Other (including amounts related to VIEs) 9 20
Total current assets 588 501
Property, Plant and Equipment    
Cost 9,918 9,134
Accumulated depreciation and amortization (1,899) (1,749)
Facilities to be retired, net 11  
Net property, plant and equipment 8,030 7,385
Other Noncurrent Assets    
Goodwill 49 49
Regulatory assets (includes amounts related to VIEs) 316 302
Operating lease right-of-use assets, net 16 20
Investments in equity method unconsolidated affiliates 95 88
Other (including amounts related to VIEs) 288 270
Total other noncurrent assets 764 729
Total Assets 9,382 8,615
Current Liabilities    
Accounts payable 196 230
Accounts payable to affiliated companies 40 79
Notes payable to affiliated companies 518 530
Taxes accrued 63 23
Interest accrued 37 34
Current maturities of long-term debt (includes amounts related to VIEs)   160
Regulatory liabilities 56 88
Other 81 69
Total current liabilities 991 1,213
Long-Term Debt (includes amounts related to VIEs) 2,968 2,620
Other Noncurrent Liabilities    
Deferred income taxes 815 821
Asset retirement obligations 22 20
Regulatory liabilities 1,058 1,044
Operating lease liabilities 14 19
Accrued pension and other post-retirement benefit costs 7 8
Other (includes amounts related to VIEs) 158 155
Total other noncurrent liabilities 2,074 2,067
Commitments and Contingencies
Equity    
Common stock 1,635 1,310
Retained earnings 1,714 1,405
Total Parent stockholders' equity 3,349 2,715
Total Liabilities and Equity $ 9,382 $ 8,615