XML 66 R48.htm IDEA: XBRL DOCUMENT v3.22.2.2
Income Taxes (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Mar. 31, 2023
Sep. 30, 2022
Mar. 31, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Reconciliation of Income Tax Expense [Abstract]            
Federal income tax on Income Before Income Taxes at statutory tax rate   $ 45   $ 55 $ 150 $ 70
Increase (decrease) due to: [Abstract]            
State income taxes, net of federal income tax benefit   8   17 56 12
Depreciation and other items not normalized   0   0 (8) (4)
Valuation allowance adjustments   (1)   5 9 39
Amortization of excess deferred income taxes   (7)   (18) (47) (38)
State income tax rate change   (5)   0 (5) 0
Effective Income Tax Rate Reconciliation, Prior Year Income Taxes, Amount $ (1) 0 $ (4) (4)    
Other   1   (3) 0 (1)
Total increase (decrease)   (4)   (4) (3) 385
Total income tax expense (benefit)   41   51 147 455
Amortization of investment tax credit including deferred taxes on basis adjustment   0   (1) (7) (2)
Deferred Tax Assets, Valuation Allowance       31   31
Effective Income Tax Rate Reconciliation, Change in Enacted Tax Rate, U.K. Finance Act 2021, Amount   0   0 0 383
Regulated Deferred Income Taxes Reduction            
Increase (decrease) due to: [Abstract]            
State income tax rate change   274        
Deferred Tax Benefit            
Increase (decrease) due to: [Abstract]            
State income tax rate change   5        
PPL Electric [Member] | Regulated Deferred Income Taxes Reduction            
Increase (decrease) due to: [Abstract]            
State income tax rate change   274        
PPL Electric [Member] | Deferred Tax Benefit            
Increase (decrease) due to: [Abstract]            
State income tax rate change   9        
PPL Electric Utilities Corp [Member]            
Reconciliation of Income Tax Expense [Abstract]            
Federal income tax on Income Before Income Taxes at statutory tax rate   38   36 114 95
Increase (decrease) due to: [Abstract]            
State income taxes, net of federal income tax benefit   14   13 43 36
Depreciation and other items not normalized   (1)   0 (7) (4)
Amortization of excess deferred income taxes   (4)   (5) (9) (11)
State income tax rate change   (9)   0 (9) 0
Other   (1)   1 (1) 0
Total increase (decrease)   (1)   9 17 21
Total income tax expense (benefit)   37   45 131 116
PPL Electric Utilities Corp [Member] | Regulated Deferred Income Taxes Reduction            
Increase (decrease) due to: [Abstract]            
State income tax rate change   274        
PPL Electric Utilities Corp [Member] | Deferred Tax Benefit            
Increase (decrease) due to: [Abstract]            
State income tax rate change   9        
Louisville Gas And Electric Co [Member]            
Reconciliation of Income Tax Expense [Abstract]            
Federal income tax on Income Before Income Taxes at statutory tax rate   21   21 57 53
Increase (decrease) due to: [Abstract]            
State income taxes, net of federal income tax benefit   4   4 11 10
Amortization of excess deferred income taxes   (3)   (7) (17) (13)
Other   (1)   (1) (2) (2)
Total increase (decrease)   0   (4) (8) (5)
Total income tax expense (benefit)   21   17 49 48
Kentucky Utilities Co [Member]            
Reconciliation of Income Tax Expense [Abstract]            
Federal income tax on Income Before Income Taxes at statutory tax rate   25   26 70 63
Increase (decrease) due to: [Abstract]            
State income taxes, net of federal income tax benefit   5   5 13 12
Amortization of excess deferred income taxes   (4)   (6) (16) (14)
Other   (2)   (2) (4) (4)
Total increase (decrease)   (1)   (3) (7) (6)
Total income tax expense (benefit)   $ 24   $ 23 $ 63 $ 57