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Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Current Assets    
Cash and cash equivalents   $ 409
Receivables (net of allowance for doubtful accounts) $ 2,635 3,106
Receivables of VIEs (net of allowance for doubtful accounts) 1,035 1,309
Inventory 3,865 3,584
Assets held for sale 374 356
Regulatory assets (includes amounts related to VIEs) 3,502 3,485
Other (including amounts related to VIEs) 452 973
Total current assets 12,314 13,222
Property, Plant and Equipment    
Cost 166,096 163,839
Accumulated depreciation and amortization (53,162) (52,100)
Facilities to be retired, net 8 9
Net property, plant and equipment 112,942 111,748
Other Noncurrent Assets    
Goodwill 19,303 19,303
Other Noncurrent Assets: Regulatory assets 14,702 14,645
Nuclear decommissioning trust funds 9,124 8,637
Operating lease right-of-use assets, net 1,019 1,042
Investments in equity method unconsolidated affiliates 465 455
Assets held for sale 5,538 5,634
Other 3,426 3,400
Total other noncurrent assets 53,577 53,116
Total Assets 178,833 178,086
Current Liabilities    
Accounts payable 3,214 4,754
Notes payable and commercial paper 3,731 3,952
Taxes accrued 586 722
Interest accrued 693 626
Current maturities of long-term debt (includes amounts related to VIEs) 3,330 3,878
Asset retirement obligations 732 773
Regulatory liabilities 1,283 1,466
Liabilities associated with assets held for sale 476 535
Other 1,970 2,167
Total current liabilities 16,015 18,873
Long-Term Debt (includes amounts related to VIEs) 69,107 65,873
Other Noncurrent Liabilities    
Deferred income taxes 10,188 9,964
Total noncurrent ARO 11,987 11,955
Regulatory liabilities 13,714 13,582
Operating lease liabilities 851 876
Accrued pension and other post-retirement benefit costs 820 832
Investment tax credits 852 849
Liabilities associated with assets held for sale 1,931 1,927
Other 1,417 1,502
Total other noncurrent liabilities 41,760 41,487
Commitments and Contingencies
Equity    
Common stock 1 1
Additional paid-in capital 44,837 44,862
Retained earnings 2,626 2,637
Accumulated other comprehensive (loss) income (166) (140)
Total Parent stockholders' equity 49,260 49,322
Noncontrolling interests 2,691 2,531
Total equity 51,951 51,853
Total Liabilities and Equity $ 178,833 $ 178,086
Common stock, shares authorized (in shares) 2,000,000,000 2,000,000,000
Common stock, shares outstanding (in shares) 771,000,000 770,000,000
VIEs    
Current Assets    
Regulatory assets (includes amounts related to VIEs) $ 106  
Other (including amounts related to VIEs) 42 $ 116
Other Noncurrent Assets    
Other Noncurrent Assets: Regulatory assets 1,691 1,715
Other 50 52
Current Liabilities    
Current maturities of long-term debt (includes amounts related to VIEs) 101 350
Long-Term Debt (includes amounts related to VIEs) 3,334 3,108
Preferred stock, Series A    
Equity    
Preferred stock 973 973
Preferred stock, Series B    
Equity    
Preferred stock 989 989
Duke Energy Carolinas    
Current Assets    
Cash and cash equivalents 24 44
Receivables (net of allowance for doubtful accounts) 286 338
Receivables of VIEs (net of allowance for doubtful accounts) 782 928
Receivables from affiliated companies 181 390
Inventory 1,303 1,164
Regulatory assets (includes amounts related to VIEs) 1,311 1,095
Other (including amounts related to VIEs) 62 216
Total current assets 3,949 4,175
Property, Plant and Equipment    
Cost 55,422 54,650
Accumulated depreciation and amortization (19,082) (18,669)
Net property, plant and equipment 36,340 35,981
Other Noncurrent Assets    
Other Noncurrent Assets: Regulatory assets 4,309 4,293
Nuclear decommissioning trust funds 5,076 4,783
Operating lease right-of-use assets, net 75 78
Other 998 1,036
Total other noncurrent assets 10,458 10,190
Total Assets 50,747 50,346
Current Liabilities    
Accounts payable 872 1,472
Accounts payable to affiliated companies 236 209
Notes payable to affiliated companies 1,153 1,233
Taxes accrued 110 228
Interest accrued 142 120
Current maturities of long-term debt (includes amounts related to VIEs) 18 1,018
Asset retirement obligations 249 261
Regulatory liabilities 418 530
Other 572 580
Total current liabilities 3,770 5,651
Long-Term Debt (includes amounts related to VIEs) 14,787 12,948
Long-Term Debt Payable to Affiliated Companies 300 300
Other Noncurrent Liabilities    
Deferred income taxes 4,263 4,153
Total noncurrent ARO 5,148 5,121
Regulatory liabilities 5,817 5,783
Operating lease liabilities 80 83
Accrued pension and other post-retirement benefit costs 35 38
Investment tax credits 299 300
Other 534 527
Total other noncurrent liabilities 16,176 16,005
Commitments and Contingencies
Equity    
Member's equity 15,720 15,448
Accumulated other comprehensive (loss) income (6) (6)
Total member's equity 15,714 15,442
Total Liabilities and Equity 50,747 50,346
Duke Energy Carolinas | VIEs    
Current Assets    
Regulatory assets (includes amounts related to VIEs) 12 12
Other (including amounts related to VIEs) 5 8
Other Noncurrent Assets    
Other Noncurrent Assets: Regulatory assets 205 208
Current Liabilities    
Current maturities of long-term debt (includes amounts related to VIEs) 10  
Long-Term Debt (includes amounts related to VIEs) 713 689
Progress Energy    
Current Assets    
Cash and cash equivalents 93 108
Receivables (net of allowance for doubtful accounts) 315 318
Receivables of VIEs (net of allowance for doubtful accounts) 1,101 1,289
Receivables from affiliated companies 24 22
Notes receivable from affiliated companies 118  
Inventory 1,712 1,579
Regulatory assets (includes amounts related to VIEs) 1,548 1,833
Other (including amounts related to VIEs) 166 342
Total current assets 5,077 5,491
Property, Plant and Equipment    
Cost 65,852 64,822
Accumulated depreciation and amortization (21,011) (20,584)
Net property, plant and equipment 44,841 44,238
Other Noncurrent Assets    
Goodwill 3,655 3,655
Other Noncurrent Assets: Regulatory assets 7,422 7,146
Nuclear decommissioning trust funds 4,048 3,855
Operating lease right-of-use assets, net 604 628
Other 1,097 1,066
Total other noncurrent assets 16,826 16,350
Total Assets 66,744 66,079
Current Liabilities    
Accounts payable 1,127 1,481
Accounts payable to affiliated companies 410 712
Notes payable to affiliated companies 845 843
Taxes accrued 172 135
Interest accrued 224 206
Current maturities of long-term debt (includes amounts related to VIEs) 699 697
Asset retirement obligations 272 289
Regulatory liabilities 473 576
Other 771 782
Total current liabilities 4,993 5,721
Long-Term Debt (includes amounts related to VIEs) 22,522 21,592
Long-Term Debt Payable to Affiliated Companies 150 150
Other Noncurrent Liabilities    
Deferred income taxes 5,226 5,147
Total noncurrent ARO 5,898 5,892
Regulatory liabilities 4,796 4,753
Operating lease liabilities 521 546
Accrued pension and other post-retirement benefit costs 289 292
Investment tax credits 362 358
Other 222 222
Total other noncurrent liabilities 17,314 17,210
Commitments and Contingencies
Equity    
Additional paid-in capital 11,830 11,832
Retained earnings 9,944 9,585
Accumulated other comprehensive (loss) income (9) (11)
Total equity 21,765 21,406
Total Liabilities and Equity $ 66,744 $ 66,079
Common stock, shares authorized (in shares) 100 100
Common stock, shares outstanding (in shares) 100 100
Progress Energy | VIEs    
Current Assets    
Regulatory assets (includes amounts related to VIEs) $ 94 $ 94
Other (including amounts related to VIEs) 33 88
Other Noncurrent Assets    
Other Noncurrent Assets: Regulatory assets 1,486 1,507
Current Liabilities    
Current maturities of long-term debt (includes amounts related to VIEs) 341 340
Long-Term Debt (includes amounts related to VIEs) 1,955 2,003
Duke Energy Progress    
Current Assets    
Cash and cash equivalents 50 49
Receivables (net of allowance for doubtful accounts) 159 167
Receivables of VIEs (net of allowance for doubtful accounts) 654 793
Receivables from affiliated companies 26 25
Notes receivable from affiliated companies 160  
Inventory 1,082 1,006
Regulatory assets (includes amounts related to VIEs) 764 690
Other (including amounts related to VIEs) 57 174
Total current assets 2,952 2,904
Property, Plant and Equipment    
Cost 39,396 38,875
Accumulated depreciation and amortization (14,452) (14,201)
Net property, plant and equipment 24,944 24,674
Other Noncurrent Assets    
Other Noncurrent Assets: Regulatory assets 4,817 4,724
Nuclear decommissioning trust funds 3,640 3,430
Operating lease right-of-use assets, net 356 370
Other 659 650
Total other noncurrent assets 9,472 9,174
Total Assets 37,368 36,752
Current Liabilities    
Accounts payable 511 601
Accounts payable to affiliated companies 252 508
Notes payable to affiliated companies   238
Taxes accrued 56 77
Interest accrued 90 101
Current maturities of long-term debt (includes amounts related to VIEs) 370 369
Asset retirement obligations 272 288
Regulatory liabilities 293 332
Other 412 384
Total current liabilities 2,256 2,898
Long-Term Debt (includes amounts related to VIEs) 11,527 10,568
Long-Term Debt Payable to Affiliated Companies 150 150
Other Noncurrent Liabilities    
Deferred income taxes 2,531 2,477
Total noncurrent ARO 5,552 5,535
Regulatory liabilities 4,178 4,120
Operating lease liabilities 320 335
Accrued pension and other post-retirement benefit costs 158 160
Investment tax credits 129 124
Other 89 76
Total other noncurrent liabilities 12,957 12,827
Commitments and Contingencies
Equity    
Total member's equity 10,478 10,309
Total Liabilities and Equity 37,368 36,752
Duke Energy Progress | VIEs    
Current Assets    
Regulatory assets (includes amounts related to VIEs) 39 39
Other (including amounts related to VIEs) 15 42
Other Noncurrent Assets    
Other Noncurrent Assets: Regulatory assets 672 681
Current Liabilities    
Current maturities of long-term debt (includes amounts related to VIEs) 34  
Long-Term Debt (includes amounts related to VIEs) 1,096 1,114
Duke Energy Florida    
Current Assets    
Cash and cash equivalents 26 45
Receivables (net of allowance for doubtful accounts) 154 148
Receivables of VIEs (net of allowance for doubtful accounts) 447 496
Receivables from affiliated companies 3 2
Inventory 630 573
Regulatory assets (includes amounts related to VIEs) 784 1,143
Other (including amounts related to VIEs) 67 108
Total current assets 2,111 2,515
Property, Plant and Equipment    
Cost 26,448 25,940
Accumulated depreciation and amortization (6,552) (6,377)
Net property, plant and equipment 19,896 19,563
Other Noncurrent Assets    
Other Noncurrent Assets: Regulatory assets 2,605 2,422
Nuclear decommissioning trust funds 408 424
Operating lease right-of-use assets, net 247 258
Other 393 372
Total other noncurrent assets 3,653 3,476
Total Assets 25,660 25,554
Current Liabilities    
Accounts payable 616 880
Accounts payable to affiliated companies 110 177
Notes payable to affiliated companies 886 605
Taxes accrued 131 53
Interest accrued 106 80
Current maturities of long-term debt (includes amounts related to VIEs) 330 328
Asset retirement obligations 1 1
Regulatory liabilities 180 244
Other 320 363
Total current liabilities 2,680 2,731
Long-Term Debt (includes amounts related to VIEs) 9,353 9,381
Other Noncurrent Liabilities    
Deferred income taxes 2,811 2,789
Total noncurrent ARO 346 357
Regulatory liabilities 618 633
Operating lease liabilities 201 211
Accrued pension and other post-retirement benefit costs 110 111
Investment tax credits 233 234
Other 77 84
Total other noncurrent liabilities 4,396 4,419
Commitments and Contingencies
Equity    
Member's equity 9,237 9,031
Accumulated other comprehensive (loss) income (6) (8)
Total member's equity 9,231 9,023
Total Liabilities and Equity 25,660 25,554
Duke Energy Florida | VIEs    
Current Assets    
Regulatory assets (includes amounts related to VIEs) 55  
Other (including amounts related to VIEs) 18 46
Other Noncurrent Assets    
Other Noncurrent Assets: Regulatory assets 814 826
Current Liabilities    
Current maturities of long-term debt (includes amounts related to VIEs) 307 306
Long-Term Debt (includes amounts related to VIEs) 859 890
Duke Energy Ohio    
Current Assets    
Cash and cash equivalents 26 16
Receivables (net of allowance for doubtful accounts) 74 73
Receivables from affiliated companies 196 247
Notes receivable from affiliated companies 258  
Inventory 157 144
Regulatory assets (includes amounts related to VIEs) 54 103
Other (including amounts related to VIEs) 33 86
Total current assets 798 669
Property, Plant and Equipment    
Cost 12,543 12,497
Accumulated depreciation and amortization (3,282) (3,250)
Net property, plant and equipment 9,261 9,247
Other Noncurrent Assets    
Goodwill 920 920
Other Noncurrent Assets: Regulatory assets 623 581
Operating lease right-of-use assets, net 17 18
Other 74 71
Total other noncurrent assets 1,634 1,590
Total Assets 11,693 11,506
Current Liabilities    
Accounts payable 284 380
Accounts payable to affiliated companies 65 72
Notes payable to affiliated companies 72 497
Taxes accrued 227 317
Interest accrued 31 29
Current maturities of long-term debt (includes amounts related to VIEs) 475 475
Asset retirement obligations 14 17
Regulatory liabilities 62 99
Other 66 74
Total current liabilities 1,296 1,960
Long-Term Debt (includes amounts related to VIEs) 3,491 2,745
Long-Term Debt Payable to Affiliated Companies 25 25
Other Noncurrent Liabilities    
Deferred income taxes 1,142 1,136
Total noncurrent ARO 140 137
Regulatory liabilities 530 534
Operating lease liabilities 17 17
Accrued pension and other post-retirement benefit costs 91 90
Other 95 96
Total other noncurrent liabilities 2,015 2,010
Commitments and Contingencies
Equity    
Common stock 762 762
Additional paid-in capital 3,100 3,100
Retained earnings 1,004 904
Total Parent stockholders' equity 4,866 4,766
Total equity 4,866 4,766
Total Liabilities and Equity $ 11,693 $ 11,506
Common stock, shares authorized (in shares) 120,000,000 120,000,000
Common stock, shares outstanding (in shares) 90,000,000 90,000,000
Duke Energy Indiana    
Current Assets    
Cash and cash equivalents $ 11 $ 31
Receivables (net of allowance for doubtful accounts) 90 112
Receivables from affiliated companies 228 298
Inventory 560 489
Regulatory assets (includes amounts related to VIEs) 91 249
Other (including amounts related to VIEs) 64 197
Total current assets 1,044 1,376
Property, Plant and Equipment    
Cost 18,295 18,121
Accumulated depreciation and amortization (6,136) (6,021)
Net property, plant and equipment 12,159 12,100
Other Noncurrent Assets    
Other Noncurrent Assets: Regulatory assets 903 875
Operating lease right-of-use assets, net 48 49
Other 265 254
Total other noncurrent assets 1,216 1,178
Total Assets 14,419 14,654
Current Liabilities    
Accounts payable 247 391
Accounts payable to affiliated companies 60 206
Notes payable to affiliated companies 204 435
Taxes accrued 106 92
Interest accrued 59 48
Current maturities of long-term debt (includes amounts related to VIEs) 3 303
Asset retirement obligations 197 207
Regulatory liabilities 207 187
Other 145 161
Total current liabilities 1,228 2,030
Long-Term Debt (includes amounts related to VIEs) 4,350 3,854
Long-Term Debt Payable to Affiliated Companies 150 150
Other Noncurrent Liabilities    
Deferred income taxes 1,313 1,299
Total noncurrent ARO 741 744
Regulatory liabilities 1,517 1,454
Operating lease liabilities 46 47
Accrued pension and other post-retirement benefit costs 123 122
Investment tax credits 186 186
Other 31 65
Total other noncurrent liabilities 3,957 3,917
Commitments and Contingencies
Equity    
Member's equity 4,733 4,702
Accumulated other comprehensive (loss) income 1 1
Total member's equity 4,734 4,703
Total Liabilities and Equity 14,419 14,654
Piedmont    
Current Assets    
Receivables (net of allowance for doubtful accounts) 245 436
Receivables from affiliated companies 11 11
Inventory 99 172
Regulatory assets (includes amounts related to VIEs) 121 119
Other (including amounts related to VIEs) 9 4
Total current assets 485 742
Property, Plant and Equipment    
Cost 11,101 10,869
Accumulated depreciation and amortization (2,136) (2,081)
Facilities to be retired, net 8 9
Net property, plant and equipment 8,973 8,797
Other Noncurrent Assets    
Goodwill 49 49
Other Noncurrent Assets: Regulatory assets 389 392
Operating lease right-of-use assets, net 3 4
Investments in equity method unconsolidated affiliates 78 79
Other 278 272
Total other noncurrent assets 797 796
Total Assets 10,255 10,335
Current Liabilities    
Accounts payable 191 345
Accounts payable to affiliated companies 39 51
Notes payable to affiliated companies 343 514
Taxes accrued 61 74
Interest accrued 43 40
Current maturities of long-term debt (includes amounts related to VIEs) 45 45
Regulatory liabilities 122 74
Other 58 81
Total current liabilities 902 1,224
Long-Term Debt (includes amounts related to VIEs) 3,319 3,318
Other Noncurrent Liabilities    
Deferred income taxes 897 870
Total noncurrent ARO 27 26
Regulatory liabilities 1,016 1,024
Operating lease liabilities 12 13
Accrued pension and other post-retirement benefit costs 7 7
Other 170 180
Total other noncurrent liabilities 2,129 2,120
Commitments and Contingencies
Equity    
Common stock 1,635 1,635
Retained earnings 2,269 2,037
Total Parent stockholders' equity 3,904 3,672
Noncontrolling interests 1 1
Total equity 3,905 3,673
Total Liabilities and Equity $ 10,255 $ 10,335
Common stock, shares authorized (in shares) 100,000,000 100,000,000
Common stock, shares outstanding (in shares) 100,000,000 100,000,000