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Acquisitions, Development and Divestitures (Tables)
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Acquisitions, Development and Divestitures [Line Items]    
Disposal Group, Including Discontinued Operation, Income Statement Line Items   Following are the components of discontinued operations in the Statements of Income for the years ended December 31:
20222021
Operating Revenues$— $1,344 
Operating Expenses— 467 
Other Income (Expense) - net— 202 
Interest Expense (a)— 209 
Income before income taxes— 870 
Loss on sale— (1,609)
Income tax (benefit) expense(42)759 
Income (Loss) from Discontinued Operations (net of income taxes)$42 $(1,498)

(a)No interest from corporate level debt was allocated to discontinued operations.
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed The table below shows the allocation of the purchase price to the assets acquired and liabilities assumed that were recorded in PPL’s Consolidated Balance Sheet as of the Acquisition date.
Final Purchase Price Allocation
Assets
Current Assets
Cash and Cash Equivalents$154 
Accounts Receivable (a)195 
Unbilled Revenues54 
Price Risk Management Assets99 
Regulatory Assets75 
Other Current Assets65 
Total Current Assets642 
Noncurrent Assets
Property, Plant and Equipment, net3,992 
Regulatory Assets393 
Goodwill1,585 
Other Noncurrent Assets164 
Total Noncurrent Assets6,134 
Total Assets$6,776 
Liabilities
Current Liabilities
Long-Term Debt Due Within One Year$14 
Accounts Payable180 
Taxes Accrued44 
Regulatory Liabilities239 
Other Current Liabilities198 
Total Current Liabilities675 
Noncurrent Liabilities
Long-Term Debt1,496 
Regulatory Liabilities643 
Other Deferred Credits and Noncurrent Liabilities142 
Noncurrent Liabilities2,281 
Total Purchase Price (Balance Sheet Net Assets)$3,820 

(a)Amounts represent fair value as of May 25, 2022. The gross contractual amount is $255 million. Cash flows not expected to be collected as of May 25, 2022 were $60 million.
  
Business Acquisition, Pro Forma Information  
The actual RIE Operating Revenues and Net income attributable to PPL included in PPL's Statement of Income for the period ended December 31, 2022, and PPL's unaudited pro forma 2022 and 2021 Operating Revenues and Net Income (Loss) attributable to PPL, including RIE, as if the Acquisition had occurred on January 1, 2021 are as follows.
Operating RevenuesNet Income (Loss)
Actual RIE results included from May 25, 2022 - December 31, 2022 (a)$1,038 $(44)
PPL Pro Forma for the year ended 2022
8,667 790 
PPL Pro Forma for the year ended 2021
7,478 159 

(a)Net Income (Loss) includes expenses of $98 million (pre-tax) related to commitments made as a condition of the Acquisition.