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Variable Interest Entities (Tables)

9 Months Ended

Sep. 30, 2021

Variable Interest Entities [Line Items]

The following table summarizes the amounts and expiration dates of the credit facilities and associated restricted receivables described above.


	Duke Energy
			Duke Energy		Duke Energy		Duke Energy
			Carolinas		Progress		Florida
(in millions)	CRC		DERF		DEPR		DEFR
Expiration date	February 2023		December 2022		April 2023		April 2023
Credit facility amount	$	350	$	475	$	350	$	250
Amounts borrowed at September 30, 2021	350		475		350		250
Amounts borrowed at December 31, 2020	350		364		250		250
Restricted Receivables at September 30, 2021	535		915		532		443
Restricted Receivables at December 31, 2020	547		696		500		397

VIE not primary beneficiary

Variable Interest Entities [Line Items]

Schedule Of Variable Interest Entities

The following tables summarize the impact of non-consolidated VIEs on the Condensed Consolidated Balance Sheets.


	September 30, 2021
	Duke Energy				Duke		Duke
	Pipeline		Commercial				Energy		Energy
(in millions)	Investments		Renewables		Total		Ohio		Indiana
Receivables from affiliated companies	$	—	$	—	$	—	$	47	$	77

Investments in equity method unconsolidated affiliates	15		465		480		—		—
Deferred tax asset	58		—		58		—		—
Total assets	$	73	$	465	$	538	$	47	$	77

Other current liabilities	61		3		64		—		—

Other noncurrent liabilities	63		3		66		—		—
Total liabilities	$	124	$	6	$	130	$	—	$	—
Net (liabilities) assets	$	(51)	$	459	$	408	$	47	$	77


	December 31, 2020
	Duke Energy				Duke		Duke
	Pipeline		Commercial				Energy		Energy
(in millions)	Investments		Renewables		Total		Ohio		Indiana
Receivables from affiliated companies	$	—	$	—	$	—	$	83	$	110

Investments in equity method unconsolidated affiliates	—		530		530		—		—
Other noncurrent assets	31		—		31		—		—
Total assets	$	31	$	530	$	561	$	83	$	110

Other current liabilities	928		5		933		—		—

Other noncurrent liabilities	8		10		18		—		—
Total liabilities	$	936	$	15	$	951	$	—	$	—
Net assets (liabilities)	$	(905)	$	515	$	(390)	$	83	$	110

DEFPF | VIE primary beneficiary

Variable Interest Entities [Line Items]

Schedule Of Variable Interest Entities

The following table summarizes the impact of DEFPF on Duke Energy Florida's Condensed Consolidated Balance Sheets.


(in millions)	September 30, 2021		December 31, 2020
Receivables of VIEs	$	6	$	4
Regulatory Assets: Current	54		53
Current Assets: Other	17		39
Other Noncurrent Assets: Regulatory assets	896		937
Current Liabilities: Other	2		10
Current maturities of long-term debt	56		55
Long-Term Debt	946		1,002

Commercial Renewables | VIE primary beneficiary

Variable Interest Entities [Line Items]

Schedule Of Variable Interest Entities

The table below presents material balances reported on Duke Energy's Condensed Consolidated Balance Sheets related to Commercial Renewables VIEs.


(in millions)	September 30, 2021		December 31, 2020
Current Assets: Other	$	330	$	257
Property, Plant and Equipment: Cost	7,315		6,394
Accumulated depreciation and amortization	(1,414)		(1,242)
Other Noncurrent Assets: Other	110		67
Current maturities of long-term debt	165		167
Long-Term Debt	1,552		1,569
Other Noncurrent Liabilities: AROs	167		148
Other Noncurrent Liabilities: Other	341		316

CRC | VIE not primary beneficiary

Variable Interest Entities [Line Items]

Schedule Of Variable Interest Entities

The following table shows the gross and net receivables sold.


	Duke Energy Ohio				Duke Energy Indiana
(in millions)	September 30, 2021		December 31, 2020		September 30, 2021		December 31, 2020
Receivables sold	$	218	$	270	$	328	$	344
Less: Retained interests	47		83		77		110
Net receivables sold	$	171	$	187	$	251	$	234

The following table shows sales and cash flows related to receivables sold.


	Duke Energy Ohio								Duke Energy Indiana
	Three Months Ended				Nine Months Ended				Three Months Ended				Nine Months Ended
	September 30,				September 30,				September 30,				September 30,
(in millions)	2021		2020		2021		2020		2021		2020		2021		2020
Sales
Receivables sold	$	486	$	462	$	1,490	$	1,428	$	794	$	717	$	2,176	$	1,947
Loss recognized on sale	2		2		7		8		4		3		10		9
Cash flows
Cash proceeds from receivables sold	$	490	$	449	$	1,519	$	1,439	$	798	$	689	$	2,199	$	1,941
Collection fees received	—		1		1		1		—		—		1		1
Return received on retained interests	1		1		3		3		1		1		4		4

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

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