XML 466 R8.htm IDEA: XBRL DOCUMENT v3.22.2
CONDENSED CONSOLIDATED STATEMENTS OF EQUITY (Unaudited) - USD ($)
shares in Thousands, $ in Millions
Total
Common Stock [Member]
Additional Paid-in Capital [Member]
Earnings Reinvested [Member]
Accumulated Other Comprehensive Loss [Member]
Treasury Stock, Common
Noncontrolling Interest
PPL Electric Utilities Corp [Member]
PPL Electric Utilities Corp [Member]
Common Stock [Member]
PPL Electric Utilities Corp [Member]
Additional Paid-in Capital [Member]
PPL Electric Utilities Corp [Member]
Earnings Reinvested [Member]
Louisville Gas And Electric Co [Member]
Louisville Gas And Electric Co [Member]
Common Stock [Member]
Louisville Gas And Electric Co [Member]
Additional Paid-in Capital [Member]
Louisville Gas And Electric Co [Member]
Earnings Reinvested [Member]
Kentucky Utilities Co [Member]
Kentucky Utilities Co [Member]
Common Stock [Member]
Kentucky Utilities Co [Member]
Additional Paid-in Capital [Member]
Kentucky Utilities Co [Member]
Earnings Reinvested [Member]
Total Equity $ 13,373 $ 8 $ 12,270 $ 5,315 $ (4,220) $ 0 $ 0 $ 5,124 $ 364 $ 3,753 $ 1,007 $ 2,948 $ 424 $ 1,923 $ 601 $ 3,782 $ 308 $ 2,857 $ 617
Dividends Declared Per Share of Common Stock (in dollars per share) $ 0.830                                    
Balance at beginning of period - shares at Dec. 31, 2020   768,907 [1]             66,368 [2]       21,294 [3]       37,818 [4]    
Common stock shares issued [1]   657                                  
Common stock issued $ 20   20                                
Stock-based compensation (9)   (9)                                
Net income (loss) (1,821)     (1,821)       209 [5]     209 120 [6]     120 142 [7]     142
Capital contributions from parent               750   750   44   44   60   60  
Dividends and dividend equivalents [8] (640)     (640)                              
Dividends declared               (201)     (201) (109)     (109) (111)     (111)
Other comprehensive income 4,029       4,029                            
Balance at end of period - shares at Jun. 30, 2021   769,564 [1]             66,368 [2]       21,294 [3]       37,818 [4]    
Contributions from parent               750       44       60      
Total Equity $ 11,554 $ 8 12,273 3,155 (3,882) 0 0 5,122 $ 364 3,753 1,005 2,963 $ 424 1,923 616 3,812 $ 308 2,857 647
Dividends Declared Per Share of Common Stock (in dollars per share) $ 0.415                                    
Balance at beginning of period - shares at Mar. 31, 2021   769,427             66,368 [2]       21,294 [3]       37,818 [4]    
Common stock shares issued   137                                  
Common stock issued $ 4   4                                
Stock-based compensation 4   4                                
Net income (loss) 19     19       96 [5]     96 45 [6]     45 56 [7]     56
Capital contributions from parent               750   750   44   44   60   60  
Dividends and dividend equivalents (320)     (320)                              
Dividends declared               (86)     (86) (49)     (49) (55)     (55)
Other comprehensive income 3,691       3,691                            
Balance at end of period - shares at Jun. 30, 2021   769,564 [1]             66,368 [2]       21,294 [3]       37,818 [4]    
Total Equity 14,952 $ 8 12,281 2,854 (191) 0 0 5,882 $ 364 4,503 1,015 3,003 $ 424 1,967 612 3,873 $ 308 2,917 648
Total Equity $ 13,723 $ 8 12,303 2,572 (157) (1,003) 0 $ 5,736 $ 364 4,254 1,118 $ 3,079 $ 424 1,997 658 $ 3,928 $ 308 2,957 663
Dividends Declared Per Share of Common Stock (in dollars per share) $ 0.425                                    
Balance at beginning of period - shares at Dec. 31, 2021 735,112 735,112 [1]           66,368 66,368 [2]     21,294 21,294 [3]     37,818 37,818 [4]    
Balance at beginning of period at Dec. 31, 2021 $ 13,723                                    
Common stock shares issued   123                                  
Common stock issued 12   12                                
Stock Issued During Period, Value, Treasury Stock Reissued 27         $ 27                          
Stock Issued During Period, Shares, Treasury Stock Reissued           922                          
Stock-based compensation (2)   (2)                                
Net income (loss) 392     392       $ 267 [5]     267 $ 147 [6]     147 $ 173 [7]     173
Capital contributions from parent                       10   10   60   60  
Dividends and dividend equivalents [8] (315)     (315)                              
Dividends declared               $ (165)     (165) $ (136)     (136) $ (159)     (159)
Other comprehensive income $ 33       33                            
Balance at end of period - shares at Jun. 30, 2022 736,157 736,157           66,368 66,368 [2]     21,294 21,294 [3]     37,818 37,818 [4]    
Balance at end of period at Jun. 30, 2022 $ 13,870                                    
Contributions from parent               $ 0       $ 10       $ 60      
Return of Capital to Parent               (65)   (65)                  
Preferred stock 3           3                        
Total Equity $ 13,865 $ 8 12,299 2,697 (152) $ (987) 0 5,767 $ 364 4,214 1,189 3,097 $ 424 1,997 676 3,945 $ 308 2,957 680
Dividends Declared Per Share of Common Stock (in dollars per share) $ 0.225                                    
Balance at beginning of period - shares at Mar. 31, 2022   735,765             66,368 [2]       21,294 [3]       37,818 [4]    
Common stock shares issued                                    
Common stock issued $ 8   8                                
Stock Issued During Period, Value, Treasury Stock Reissued 11         $ 11                          
Treasury stock acquired           392                          
Stock-based compensation 6   6                                
Net income (loss) 119     119       124 [5]     124 54 [6]     54 66 [7]     66
Capital contributions from parent                       10   10   60   60  
Dividends and dividend equivalents (167)     (167)                              
Dividends declared               $ (93)     (93) $ (61)     (61) $ (69)     (69)
Other comprehensive income $ 28       28                            
Balance at end of period - shares at Jun. 30, 2022 736,157 736,157           66,368 66,368 [2]     21,294 21,294 [3]     37,818 37,818 [4]    
Balance at end of period at Jun. 30, 2022 $ 13,870                                    
Return of Capital to Parent               $ (25)   (25)                  
Preferred stock 3           3                        
Total Equity $ 13,873 $ 8 $ 12,313 $ 2,649 $ (124) $ (976) $ 3 $ 5,773 $ 364 $ 4,189 $ 1,220 $ 3,100 $ 424 $ 2,007 $ 669 $ 4,002 $ 308 $ 3,017 $ 677
[1] Shares in thousands. Each share entitles the holder to one vote on any question presented at any shareowners' meeting.
[2] Shares in thousands. All common shares of PPL Electric stock are owned by PPL Energy Holdings.
[3] Shares in thousands. All common shares of LG&E stock are owned by LKE.
[4] Shares in thousands. All common shares of KU stock are owned by LKE.
[5] Net income equals comprehensive income.
[6] Net income equals comprehensive income.
[7] Net income equals comprehensive income.
[8] Dividends declared per share of common stock were $0.225 and $0.425 for the three and six months ended June 30, 2022 and $0.415 and $0.830 for the three and six months ended June 30, 2021.