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Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating Revenues    
Regulated electric $ 5,933 $ 5,219
Regulated natural gas 1,002 749
Nonregulated electric and other 197 182
Total operating revenues 7,132 6,150
Operating Expenses    
Operation, maintenance and other 1,630 1,402
Depreciation and amortization 1,320 1,226
Property and other taxes 392 353
Impairment of assets and other charges 215  
Total operating expenses 5,855 4,700
Hide Row 2  
Operating Income 1,279 1,450
Other Income and Expenses    
Equity in earnings (losses) of unconsolidated affiliates 25 (17)
Other income and expenses, net 89 127
Total other income and expenses 114 110
Interest Expense 587 535
Income Before Income Taxes 806 1,025
Income Tax (Benefit) Expense (14) 84
Net Income 820 941
Add: Net Loss Attributable to Noncontrolling Interests 37 51
Net Income Attributable to Duke Energy Corporation 857 992
Less: Preferred Dividends 39 39
Net Income Available to Duke Energy Corporation Common Stockholders 818 953
Other Comprehensive Income (Loss), net of tax    
Pension and OPEB adjustments [1] 2 2
Net unrealized (losses) gains on cash flow hedges [1] 113 29
Unrealized losses on available-for-sale securities [1] (13) (8)
Other Comprehensive Income, net of tax [1] 107 26
Comprehensive Income 927 967
Add: Comprehensive Loss Attributable to Noncontrolling Interests (29) (44)
Comprehensive Income Attributable to Duke Energy $ 956 $ 1,011
Net income available to Duke Energy Corporation common stockholders    
Basic (in usd per share) $ 1.08 $ 1.25
Diluted (in usd per share) $ 1.08 $ 1.25
Weighted Average Shares Outstanding    
Basic (in shares) 770 769
Diluted (in shares) 770 769
Duke Energy Carolinas    
Operating Revenues    
Total operating revenues $ 1,888 $ 1,716
Operating Expenses    
Fuel used in electric generation and purchased power/Cost of natural gas 448 422
Operation, maintenance and other 512 441
Depreciation and amortization 379 359
Property and other taxes 93 83
Impairment of assets and other charges 3  
Total operating expenses 1,435 1,305
Operating Income 453 411
Other Income and Expenses    
Total other income and expenses 55 48
Interest Expense 141 124
Income Before Income Taxes 367 335
Income Tax (Benefit) Expense 27 23
Net Income Attributable to Duke Energy Corporation 340 312
Other Comprehensive Income (Loss), net of tax    
Comprehensive Income Attributable to Duke Energy 340 312
Progress Energy    
Operating Revenues    
Total operating revenues 2,992 2,505
Operating Expenses    
Fuel used in electric generation and purchased power/Cost of natural gas 1,064 795
Operation, maintenance and other 645 601
Depreciation and amortization 536 485
Property and other taxes 152 142
Total operating expenses 2,397 2,023
Hide Row 2  
Operating Income 597 482
Other Income and Expenses    
Total other income and expenses 35 43
Interest Expense 211 192
Income Before Income Taxes 421 333
Income Tax (Benefit) Expense 67 43
Net Income 354 290
Other Comprehensive Income (Loss), net of tax    
Net unrealized (losses) gains on cash flow hedges 1 1
Unrealized losses on available-for-sale securities (2) (1)
Other Comprehensive Income, net of tax (1)  
Comprehensive Income 353 290
Duke Energy Progress    
Operating Revenues    
Total operating revenues 1,632 1,401
Operating Expenses    
Fuel used in electric generation and purchased power/Cost of natural gas 574 436
Operation, maintenance and other 391 357
Depreciation and amortization 306 285
Property and other taxes 49 49
Total operating expenses 1,320 1,127
Hide Row 1  
Operating Income 313 274
Other Income and Expenses    
Total other income and expenses 22 24
Interest Expense 85 69
Income Before Income Taxes 250 229
Income Tax (Benefit) Expense 35 19
Net Income Attributable to Duke Energy Corporation 215 210
Other Comprehensive Income (Loss), net of tax    
Comprehensive Income Attributable to Duke Energy 215 210
Duke Energy Florida    
Operating Revenues    
Total operating revenues 1,355 1,101
Operating Expenses    
Fuel used in electric generation and purchased power/Cost of natural gas 490 359
Operation, maintenance and other 249 242
Depreciation and amortization 231 200
Property and other taxes 103 93
Total operating expenses 1,073 894
Hide Row 1  
Operating Income 283 207
Other Income and Expenses    
Total other income and expenses 15 18
Interest Expense 84 80
Income Before Income Taxes 214 145
Income Tax (Benefit) Expense 43 28
Net Income Attributable to Duke Energy Corporation 171 117
Other Comprehensive Income (Loss), net of tax    
Unrealized losses on available-for-sale securities (1) (1)
Other Comprehensive Income, net of tax (1) (1)
Comprehensive Income Attributable to Duke Energy 170 116
Duke Energy Ohio    
Operating Revenues    
Regulated electric 412 363
Regulated natural gas 226 169
Total operating revenues 638 532
Operating Expenses    
Operation, maintenance and other 178 108
Depreciation and amortization 80 74
Property and other taxes 101 92
Total operating expenses 593 407
Operating Income 45 125
Other Income and Expenses    
Total other income and expenses 6 5
Interest Expense 30 25
Income Before Income Taxes 21 105
Income Tax (Benefit) Expense (56) 14
Net Income Attributable to Duke Energy Corporation 77 91
Other Comprehensive Income (Loss), net of tax    
Comprehensive Income Attributable to Duke Energy 77 91
Duke Energy Indiana    
Operating Revenues    
Total operating revenues 822 745
Operating Expenses    
Fuel used in electric generation and purchased power/Cost of natural gas 319 217
Operation, maintenance and other 192 178
Depreciation and amortization 156 152
Property and other taxes 25 21
Impairment of assets and other charges 211  
Total operating expenses 903 568
Operating Income (81) 177
Other Income and Expenses    
Total other income and expenses 10 9
Interest Expense 45 50
Income Before Income Taxes (116) 136
Income Tax (Benefit) Expense (37) 24
Net Income Attributable to Duke Energy Corporation (79) 112
Other Comprehensive Income (Loss), net of tax    
Comprehensive Income Attributable to Duke Energy (79) 112
Piedmont    
Operating Revenues    
Total operating revenues 805 606
Operating Expenses    
Fuel used in electric generation and purchased power/Cost of natural gas 374 225
Operation, maintenance and other 95 78
Depreciation and amortization 54 48
Property and other taxes 16 14
Total operating expenses 539 365
Operating Income 266 241
Other Income and Expenses    
Equity in earnings (losses) of unconsolidated affiliates 2 2
Total other income and expenses 13 17
Interest Expense 32 29
Income Before Income Taxes 247 229
Income Tax (Benefit) Expense 33 26
Net Income Attributable to Duke Energy Corporation 214 203
Other Comprehensive Income (Loss), net of tax    
Comprehensive Income Attributable to Duke Energy 214 203
Fuel used in electric generation and purchased power    
Operating Expenses    
Fuel used in electric generation and purchased power/Cost of natural gas 1,817 1,443
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 127 82
Cost of natural gas    
Operating Expenses    
Fuel used in electric generation and purchased power/Cost of natural gas 481 276
Cost of natural gas | Duke Energy Ohio    
Operating Expenses    
Fuel used in electric generation and purchased power/Cost of natural gas $ 107 $ 51
[1] Net of income tax impacts of approximately $32 million and $8 million for the three months ended March 31, 2022, and 2021, respectively.