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CONDENSED CONSOLIDATED STATEMENTS OF EQUITY (Unaudited) (USD $)
In Millions, except Share data in Thousands
Total
Common Stock
Additional Paid-in Capital
Earnings Reinvested
Accumulated Other Comprehensive Loss
Non-controlling Interests
PPL Energy Supply LLC [Member]
PPL Energy Supply LLC [Member]
Members Equity [Member]
PPL Energy Supply LLC [Member]
Non-controlling Interests
PPL Electric Utilities Corp [Member]
PPL Electric Utilities Corp [Member]
Common Stock
PPL Electric Utilities Corp [Member]
Preference Stock
PPL Electric Utilities Corp [Member]
Additional Paid-in Capital
PPL Electric Utilities Corp [Member]
Earnings Reinvested
LG And E And KU Energy LLC [Member]
Louisville Gas And Electric Co [Member]
Louisville Gas And Electric Co [Member]
Common Stock
Louisville Gas And Electric Co [Member]
Additional Paid-in Capital
Louisville Gas And Electric Co [Member]
Earnings Reinvested
Kentucky Utilities Co [Member]
Kentucky Utilities Co [Member]
Common Stock
Kentucky Utilities Co [Member]
Additional Paid-in Capital
Kentucky Utilities Co [Member]
Earnings Reinvested
Kentucky Utilities Co [Member]
Accumulated Other Comprehensive Loss
Balance at beginning of period at Jun. 30, 2012                   $ 1,881 $ 364    $ 979 $ 538   $ 1,782 $ 424 $ 1,278 $ 80 $ 2,761 $ 308 $ 2,348 $ 109 $ (4)
Balance at beginning of period at Jun. 30, 2012 10,980 6 6,886 5,190 (1,120) 18                                    
Balance at beginning of period at Jun. 30, 2012                             3,774                  
Balance at beginning of period - shares at Jun. 30, 2012   580,213 [1]                 66,368 [2]           21,294 [3]       37,818 [4]      
Balance at beginning of period at Jun. 30, 2012             4,000 3,982 18                              
Common stock shares issued [1],[5]   757                                            
Common stock issued [5] 21    21                                          
Stock-based compensation [6] 5   5                                          
Net income (loss) 355     355     55 54 1 33 [7]       33 83 [7] 43 [8]     43 50 [8]     50  
Dividends, dividend equivalents, redemptions and distributions [9] (210)     (210)                                        
Cash dividends declared on common stock                   (19)       (19)   (16)     (16) (20)     (20)  
Distributions to member             (77) (76) (1)           (35)                  
Capital Contributions From Parent                   150                            
Other comprehensive income (loss) 81       81   (77) (77)                                
Balance at end of period at Sep. 30, 2012                   2,045 364     552   1,809 424 1,278 107 2,791 308 2,348 139  
Balance at end of period at Sep. 30, 2012 11,232 6 6,912 5,335 (1,039)                                      
Balance at end of period at Sep. 30, 2012                             3,822                  
Balance at end of period - shares at Sep. 30, 2012   580,970 [1]                 66,368 [2]           21,294 [3]       37,818 [4]      
Balance at end of period at Sep. 30, 2012             3,901 3,883 18                              
Balance at beginning of period at Dec. 31, 2011                   2,125 364 250 979 532   1,762 424 1,278 60 2,745 308 2,348 89  
Balance at beginning of period at Dec. 31, 2011 11,096 6 6,813 4,797 (788) 268                                    
Balance at beginning of period at Dec. 31, 2011                             3,741                  
Balance at beginning of period - shares at Dec. 31, 2011   578,405 [1]                 66,368 [2]           21,294 [3]       37,818 [4]      
Balance at beginning of period at Dec. 31, 2011             4,037 4,019 18                              
Common stock shares issued [1],[5]   2,565                                            
Common stock issued [5] 71    71                                          
Stock-based compensation [6] 28   28                                          
Net income (loss) 1,171     1,167   4 383 382 1 99 [7]       99 180 [7] 94 [8]     94 118 [8]     118  
Dividends, dividend equivalents, redemptions and distributions [9] (883)     (629)   (254)                                    
Cash dividends declared on preference stock                   (4)       (4)                    
Cash dividends declared on common stock                   (75)       (75)   (47)     (47) (68)     (68)  
Distributions to member             (734) (733) (1)           (95)                  
Contributions from member             472 472                                
Capital Contributions From Parent                   150     150                      
Redemption of preferred stock [10]                   (250)   (250)                        
Other comprehensive income (loss) (251)       (251)   (257) (257)             (4)         (4)       (4)
Balance at end of period at Sep. 30, 2012                   2,045 364    1,129 552   1,809 424 1,278 107 2,791 308 2,348 139 (4)
Balance at end of period at Sep. 30, 2012 11,232 6 6,912 5,335 (1,039) 18                                    
Balance at end of period at Sep. 30, 2012                             3,822                  
Balance at end of period - shares at Sep. 30, 2012   580,970 [1]                 66,368 [2]           21,294 [3]       37,818 [4]      
Balance at end of period at Sep. 30, 2012             3,901 3,883 18                              
Balance at beginning of period at Dec. 31, 2012 10,480                 2,062 364    1,135 563   1,810 424 1,278 108 2,783 308 2,348 126 1
Balance at beginning of period at Dec. 31, 2012 10,498 6 6,936 5,478 (1,940) 18                                    
Balance at beginning of period at Dec. 31, 2012             3,830               3,786                  
Balance at beginning of period - shares at Dec. 31, 2012 581,944 581,944 [1]               66,368 66,368 [2]         21,294 21,294 [3]     37,818        
Balance at beginning of period at Dec. 31, 2012             3,848 3,830 [11] 18 [11]                              
Common stock shares issued [1],[5]   50,725                                            
Common stock issued [5] 1,433   1,433                                          
Common stock shares repurchased 2,400 2,430 [12]                                            
Common stock repurchased [12] 74   74                                          
Cash settlement of equity forward agreements [12] (13)   (13)                                          
Stock-based compensation [6] 23   23                                          
Net income (loss) 1,229     1,228   1 173 172 1 160 [7]       160 260 [7] 122 [8]     122 171 [8]     171  
Dividends, dividend equivalents, redemptions and distributions [9] (667)     (666)   (1)                                    
Cash dividends declared on common stock                   (94)       (94)   (67)     (67) (83)     (83)  
Distributions to member             (409) (408) (1)           (116)                  
Contributions from member             980 980             146                  
Capital Contributions From Parent                   205     205     54   54   92   92    
Other comprehensive income (loss) (67)       (67)   (44) (44)             (1)                  
Balance at end of period at Sep. 30, 2013 12,344                 2,333 364    1,340 629   1,919 424 1,332 163 2,963 308 2,440 214 1
Balance at end of period at Sep. 30, 2013 12,362 6 8,305 6,040 (2,007) 18                                    
Balance at end of period at Sep. 30, 2013             4,530               4,075                  
Balance at end of period - shares at Sep. 30, 2013 630,239                 66,368           21,294       37,818        
Balance at end of period at Sep. 30, 2013             4,548 4,530 [11] 18 [11]                              
Balance at beginning of period at Jun. 30, 2013                   2,310 364    1,340 606   1,889 424 1,332 133 2,928 308 2,440 179 1
Balance at beginning of period at Jun. 30, 2013 10,954 6 7,195 5,863 (2,128) 18                                    
Balance at beginning of period at Jun. 30, 2013                             4,022                  
Balance at beginning of period - shares at Jun. 30, 2013   591,622 [1]                             21,294 [3]     37,818 [4]        
Balance at beginning of period at Jun. 30, 2013 [11]             3,559 3,541 18                              
Common stock shares issued [1],[5]   40,117                                            
Common stock issued [5] 1,151   1,151                                          
Common stock shares repurchased [12]   1,500                                            
Common stock repurchased [12] 46   46                                          
Stock-based compensation [6] 5   5                                          
Net income (loss) 411     410   1 125 124 1 51 [7]       51 100 [7] 49 [8]     49 63 [8]     63  
Dividends, dividend equivalents, redemptions and distributions [9] (234)     (233)   (1)                                    
Cash dividends declared on common stock                   (28)       (28)   (19)     (19) (28)     (28)  
Distributions to member             (1)    (1)           (47)                  
Contributions from member             875 875                                
Capital Contributions From Parent                                                   
Other comprehensive income (loss) 121       121   (10) (10)                                
Balance at end of period at Sep. 30, 2013 12,344                 2,333 364    1,340 629   1,919 424 1,332 163 2,963 308 2,440 214 1
Balance at end of period at Sep. 30, 2013 12,362 6 8,305 6,040 (2,007) 18                                    
Balance at end of period at Sep. 30, 2013             4,530               4,075                  
Balance at end of period - shares at Sep. 30, 2013 630,239                 66,368           21,294       37,818        
Balance at end of period at Sep. 30, 2013             $ 4,548 $ 4,530 [11] $ 18 [11]                              
[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.
[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] Each period includes shares of common stock issued through various stock and incentive compensation plans. The 2013 periods include the April and July issuances of shares of common stock. See Note 7 for additional information.
[6] The three and nine months ended September 30, 2013 include $8 million and $44 million and the three and nine months ended September 30, 2012 include $7 million and $42 million of stock-based compensation expense related to new and existing unvested equity awards. The three and nine months ended September 30, 2013 include $(3) million and $(21) million and the three and nine months ended September 30, 2012 include $(2) million and $(14) million related primarily to the reclassification from "Stock-based compensation" to "Common stock issued" for the issuance of common stock after applicable equity award vesting periods and tax adjustments related to stock-based compensation.
[7] Net income approximates comprehensive income.
[8] Net income equals comprehensive income.
[9] "Earnings reinvested" includes dividends and dividend equivalents on PPL common stock and restricted stock units. "Noncontrolling interests" includes dividends, redemptions and distributions to noncontrolling interests. In June 2012, PPL Electric redeemed all of its outstanding preference stock at par value, which was classified as noncontrolling interest.
[10] In June 2012, PPL Electric redeemed all of its outstanding preference stock.
[11] See Note 18 for disclosure of balances of each component of AOCI.
[12] See Note 7 for additional information.