XML 186 R6.htm IDEA: XBRL DOCUMENT v3.20.2
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2020
Dec. 31, 2019
Assets, Current [Abstract]    
Cash and cash equivalents $ 1,278 $ 815
Accounts receivable (less reserve:)    
Customer 665 687
Other 106 105
Unbilled revenues 388 504
Fuel, materials and supplies 333 332
Prepayments 153 79
Price risk management assets 234 147
Regulatory assets 82 67
Other current assets 111 98
Total Current Assets 3,268 2,767
Property, Plant and Equipment    
Regulated utility plant 43,226 42,709
Less:  accumulated depreciation - regulated utility plant 8,261 8,055
Regulated utility plant, net 34,965 34,654
Non-regulated property, plant and equipment 452 357
Less:  accumulated depreciation - non-regulated property, plant and equipment 88 109
Non-regulated property, plant and equipment, net 364 248
Construction work in progress 1,456 1,580
Property, Plant and Equipment, net 36,785 36,482
Other Noncurrent Assets    
Regulatory assets 1,472 1,492
Goodwill 3,086 3,198
Other intangibles 730 742
Pension benefit asset 740 464
Price risk management assets 75 149
Other noncurrent assets 364 386
Total Other Noncurrent Assets 6,467 6,431
Total Assets 46,520 45,680
Current Liabilities    
Short-term debt 828 1,151
Long-term debt due within one year 2,058 1,172
Accounts payable 804 956
Taxes 76 99
Interest 232 294
Dividends 319 317
Customer deposits 267 261
Regulatory liabilities 86 115
Other current liabilities 498 535
Total Current Liabilities 5,168 4,900
Long-term Debt    
Long-term Debt 21,098 20,721
Deferred Credits and Other Noncurrent Liabilities    
Deferred income taxes 3,279 3,088
Investment tax credits 123 124
Accrued pension obligations 491 587
Asset retirement obligations 219 212
Regulatory liabilities 2,539 2,572
Other deferred credits and noncurrent liabilities 559 485
Total Deferred Credits and Other Noncurrent Liabilities 7,210 7,068
Commitments and Contingent Liabilities
Equity    
Common stock [1] 8 8
Additional paid-in capital 12,255 12,214
Earnings reinvested 5,383 5,127
Accumulated other comprehensive loss (4,602) (4,358)
Total Equity 13,044 12,991
Total Liabilities and Equity 46,520 45,680
PPL Electric Utilities Corp [Member]    
Assets, Current [Abstract]    
Cash and cash equivalents 13 262
Accounts receivable (less reserve:)    
Customer 279 258
Other 21 22
Accounts receivable from affiliates 10 11
Unbilled revenues 90 134
Fuel, materials and supplies 56 33
Prepayments 65 6
Regulatory assets 31 26
Other current assets 12 9
Total Current Assets 577 761
Property, Plant and Equipment    
Regulated utility plant 13,029 12,589
Less:  accumulated depreciation - regulated utility plant 3,207 3,078
Regulated utility plant, net 9,822 9,511
Construction work in progress 597 597
Property, Plant and Equipment, net 10,419 10,108
Other Noncurrent Assets    
Regulatory assets 706 726
Other intangibles 264 263
Other noncurrent assets 54 43
Total Other Noncurrent Assets 1,024 1,032
Total Assets 12,020 11,901
Current Liabilities    
Short-term debt 200 0
Accounts payable 370 438
Accounts payable to affiliates 41 32
Taxes 2 13
Interest 40 41
Regulatory liabilities 72 96
Other current liabilities 87 93
Total Current Liabilities 812 713
Long-term Debt    
Long-term Debt 3,986 3,985
Deferred Credits and Other Noncurrent Liabilities    
Deferred income taxes 1,524 1,447
Accrued pension obligations 148 179
Regulatory liabilities 586 599
Other deferred credits and noncurrent liabilities 147 146
Total Deferred Credits and Other Noncurrent Liabilities 2,405 2,371
Commitments and Contingent Liabilities
Equity    
Common stock [2] 364 364
Additional paid-in capital 3,553 3,558
Earnings reinvested 900 910
Total Equity 4,817 4,832
Total Liabilities and Equity 12,020 11,901
LG And E And KU Energy LLC [Member]    
Assets, Current [Abstract]    
Cash and cash equivalents 152 27
Accounts receivable (less reserve:)    
Customer 233 260
Other 62 71
Unbilled revenues 149 164
Fuel, materials and supplies 227 250
Prepayments 33 30
Regulatory assets 51 41
Other current assets 0 2
Total Current Assets 907 845
Property, Plant and Equipment    
Regulated utility plant 15,123 14,646
Less:  accumulated depreciation - regulated utility plant 2,515 2,356
Regulated utility plant, net 12,608 12,290
Construction work in progress 681 794
Property, Plant and Equipment, net 13,289 13,084
Other Noncurrent Assets    
Regulatory assets 766 766
Goodwill 996 996
Other intangibles 65 69
Other noncurrent assets 113 171
Total Other Noncurrent Assets 1,940 2,002
Total Assets 16,136 15,931
Current Liabilities    
Short-term debt 0 388
Long-term debt due within one year 1,371 975
Notes payable with affiliates 252 150
Accounts payable 253 316
Accounts payable to affiliates 9 11
Taxes 74 58
Price risk management liabilities 4 4
Interest 41 40
Customer deposits 64 62
Regulatory liabilities 14 19
Asset retirement obligations 54 70
Other current liabilities 131 153
Total Current Liabilities 2,267 2,246
Long-term Debt    
Long-term debt 4,476 4,377
Long-term debt to affiliate 650 650
Long-term Debt 5,126 5,027
Deferred Credits and Other Noncurrent Liabilities    
Deferred income taxes 1,126 1,069
Investment tax credits 122 124
Accrued pension obligations 183 233
Asset retirement obligations 164 145
Regulatory liabilities 1,953 1,973
Price risk management liabilities 24 17
Other deferred credits and noncurrent liabilities 149 155
Total Deferred Credits and Other Noncurrent Liabilities 3,721 3,716
Commitments and Contingent Liabilities
Equity    
Member's Equity 5,022 4,942
Total Liabilities and Equity 16,136 15,931
Louisville Gas And Electric Co [Member]    
Assets, Current [Abstract]    
Cash and cash equivalents 5 15
Accounts receivable (less reserve:)    
Customer 107 121
Other 31 41
Accounts receivable from affiliates 16 18
Unbilled revenues 68 76
Fuel, materials and supplies 102 122
Prepayments 16 14
Regulatory assets 23 25
Other current assets 1 1
Total Current Assets 369 433
Property, Plant and Equipment    
Regulated utility plant 6,522 6,372
Less:  accumulated depreciation - regulated utility plant 931 846
Regulated utility plant, net 5,591 5,526
Construction work in progress 316 297
Property, Plant and Equipment, net 5,907 5,823
Other Noncurrent Assets    
Regulatory assets 378 380
Goodwill 389 389
Other intangibles 38 41
Other noncurrent assets 75 67
Total Other Noncurrent Assets 880 877
Total Assets 7,156 7,133
Current Liabilities    
Short-term debt 0 238
Long-term debt due within one year 264 0
Notes payable with affiliates 190 0
Accounts payable 131 172
Accounts payable to affiliates 22 31
Taxes 54 33
Price risk management liabilities 4 4
Interest 15 15
Customer deposits 32 31
Regulatory liabilities 4 2
Asset retirement obligations 18 24
Other current liabilities 41 47
Total Current Liabilities 775 597
Long-term Debt    
Long-term Debt 1,741 2,005
Deferred Credits and Other Noncurrent Liabilities    
Deferred income taxes 707 697
Investment tax credits 33 34
Asset retirement obligations 49 49
Regulatory liabilities 877 883
Price risk management liabilities 24 17
Other deferred credits and noncurrent liabilities 91 89
Total Deferred Credits and Other Noncurrent Liabilities 1,781 1,769
Commitments and Contingent Liabilities
Equity    
Common stock [3] 424 424
Additional paid-in capital 1,873 1,820
Earnings reinvested 562 518
Total Equity 2,859 2,762
Total Liabilities and Equity 7,156 7,133
Kentucky Utilities Co [Member]    
Assets, Current [Abstract]    
Cash and cash equivalents 145 12
Accounts receivable (less reserve:)    
Customer 126 139
Other 28 27
Notes receivable from affiliate 190 0
Unbilled revenues 81 88
Fuel, materials and supplies 125 128
Prepayments 15 14
Regulatory assets 28 16
Other current assets 0 1
Total Current Assets 738 425
Property, Plant and Equipment    
Regulated utility plant 8,587 8,262
Less:  accumulated depreciation - regulated utility plant 1,579 1,507
Regulated utility plant, net 7,008 6,755
Construction work in progress 364 496
Property, Plant and Equipment, net 7,372 7,251
Other Noncurrent Assets    
Regulatory assets 388 386
Goodwill 607 607
Other intangibles 27 28
Other noncurrent assets 111 128
Total Other Noncurrent Assets 1,133 1,149
Total Assets 9,243 8,825
Current Liabilities    
Short-term debt 0 150
Long-term debt due within one year 632 500
Accounts payable 103 121
Accounts payable to affiliates 39 52
Taxes 50 26
Interest 21 20
Customer deposits 32 31
Regulatory liabilities 10 17
Asset retirement obligations 36 46
Other current liabilities 44 51
Total Current Liabilities 967 1,014
Long-term Debt    
Long-term Debt 2,485 2,123
Deferred Credits and Other Noncurrent Liabilities    
Deferred income taxes 808 792
Investment tax credits 89 90
Asset retirement obligations 115 96
Regulatory liabilities 1,076 1,090
Other deferred credits and noncurrent liabilities 48 46
Total Deferred Credits and Other Noncurrent Liabilities 2,136 2,114
Commitments and Contingent Liabilities
Equity    
Common stock [4] 308 308
Additional paid-in capital 2,766 2,729
Earnings reinvested 581 537
Total Equity 3,655 3,574
Total Liabilities and Equity $ 9,243 $ 8,825
[1] 1,560,000 shares authorized; 768,783 and 767,233 shares issued and outstanding at June 30, 2020 and December 31, 2019.
[2] 170,000 shares authorized; 66,368 shares issued and outstanding at June 30, 2020 and December 31, 2019.
[3] 75,000 shares authorized; 21,294 shares issued and outstanding at June 30, 2020 and December 31, 2019.
[4] 80,000 shares authorized; 37,818 shares issued and outstanding at June 30, 2020 and December 31, 2019.