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Condensed Consolidated Balance Sheets - Piedmont - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Current Assets    
Receivables of VIEs (net of allowance for doubtful accounts) $ 1,112 $ 1,309
Inventory (includes $462 at 2023 related to VIEs) 4,292 3,584
Regulatory assets 3,648 3,485
Other (includes amounts related to VIEs) 431 973
Total current assets 12,769 13,222
Property, Plant and Equipment    
Cost 171,351 163,839
Accumulated depreciation and amortization (56,038) (52,100)
Facilities to be retired, net 2 9
Net property, plant and equipment 115,315 111,748
Other Noncurrent Assets    
Goodwill 19,303 19,303
Other Noncurrent Assets: Regulatory assets 13,618 14,645
Operating lease right-of-use assets, net 1,092 1,042
Investments in equity method unconsolidated affiliates 492 455
Other (including amounts related to VIEs) 3,964 3,400
Total other noncurrent assets 48,809 53,116
Total Assets 176,893 178,086
Current Liabilities    
Accounts payable (includes $188 at 2023 related to VIEs) 4,228 4,754
Taxes accrued 816 722
Interest accrued 745 626
Current maturities of long-term debt 2,800 3,878
Regulatory liabilities 1,369 1,466
Other 2,319 2,167
Total current liabilities 17,283 18,873
Long-Term Debt (includes amounts related to VIEs) 72,452 65,873
Other Noncurrent Liabilities    
Deferred income taxes 10,556 9,964
Total noncurrent asset retirement obligation 8,560 11,955
Total noncurrent regulatory liabilities 14,039 13,582
Operating lease liabilities 917 876
Accrued pension and other post-retirement benefit costs 485 832
Other noncurrent liabilities 1,393 1,502
Total other noncurrent liabilities 36,971 41,487
Commitments and Contingencies
Equity    
Common stock 1 1
Retained earnings 2,235 2,637
Total Duke Energy Corporation stockholders' equity 49,112 49,322
Noncontrolling interests 1,075 2,531
Total equity 50,187 51,853
Total Liabilities and Equity 176,893 178,086
Piedmont    
Current Assets    
Receivables of VIEs (net of allowance for doubtful accounts) 311 436
Inventory (includes $462 at 2023 related to VIEs) 112 172
Regulatory assets 161 119
Other (includes amounts related to VIEs) 7 4
Total current assets 601 742
Property, Plant and Equipment    
Cost 11,906 10,869
Accumulated depreciation and amortization (2,259) (2,081)
Facilities to be retired, net 2 9
Net property, plant and equipment 9,649 8,797
Other Noncurrent Assets    
Goodwill 49 49
Other Noncurrent Assets: Regulatory assets 410 392
Operating lease right-of-use assets, net 4 4
Investments in equity method unconsolidated affiliates 78 79
Other (including amounts related to VIEs) 276 272
Total other noncurrent assets 817 796
Total Assets 11,067 10,335
Current Liabilities    
Accounts payable (includes $188 at 2023 related to VIEs) 315 345
Taxes accrued 89 74
Interest accrued 39 40
Current maturities of long-term debt 40 45
Regulatory liabilities 98 74
Other 77 81
Total current liabilities 1,250 1,224
Long-Term Debt (includes amounts related to VIEs) 3,628 3,318
Other Noncurrent Liabilities    
Deferred income taxes 933 870
Total noncurrent asset retirement obligation 26 26
Total noncurrent regulatory liabilities 988 1,024
Operating lease liabilities 10 13
Accrued pension and other post-retirement benefit costs 8 7
Other noncurrent liabilities 172 180
Total other noncurrent liabilities 2,137 2,120
Commitments and Contingencies
Equity    
Common stock 1,635 1,635
Retained earnings 2,416 2,037
Total Duke Energy Corporation stockholders' equity 4,051 3,672
Noncontrolling interests 1 1
Total equity 4,052 3,673
Total Liabilities and Equity 11,067 10,335
Piedmont | Affiliated entity    
Current Assets    
Receivables of VIEs (net of allowance for doubtful accounts) 10 11
Current Liabilities    
Accounts payable (includes $188 at 2023 related to VIEs) 54 51
Notes payable to affiliated companies $ 538 $ 514