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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Operating Revenues        
Operating Revenues $ 1,725 $ 1,785 $ 3,676 $ 3,796
Operation        
Fuel 183 183 374 380
Energy purchases 136 147 351 380
Other operation and maintenance 388 425 820 875
Depreciation 246 231 488 460
Taxes, other than income 70 74 145 153
Total Operating Expenses 1,023 1,060 2,178 2,248
Operating Income 702 725 1,498 1,548
Other Income (Expense) - net (112) 174 (159) 235
Interest Expense 222 224 439 448
Income Before Income Taxes 368 675 900 1,335
Income Taxes 76 192 205 371
Net Income $ 292 $ 483 $ 695 $ 964
Net Income:        
Basic (in dollars per share) $ 0.43 $ 0.71 $ 1.02 $ 1.42
Diluted (in dollars per share) 0.43 0.71 1.01 1.41
Dividends Declared Per Share of Common Stock (in dollars per share) $ 0.3950 $ 0.38 $ 0.79 $ 0.76
Weighted-Average Shares of Common Stock Outstanding (in thousands)        
Basic (in shares) 683,841 677,145 682,370 676,293
Diluted (in shares) 686,351 680,729 684,725 679,773
PPL Electric Utilities Corp [Member]        
Operating Revenues        
Operating Revenues $ 500 $ 495 $ 1,073 $ 1,080
Operation        
Energy purchases 107 118 253 285
Other operation and maintenance 138 137 302 287
Depreciation 76 62 151 121
Taxes, other than income 23 24 52 53
Total Operating Expenses 344 341 758 746
Operating Income 156 154 315 334
Other Income (Expense) - net 3 5 4 8
Interest Income from Affiliate 1 0 1 0
Interest Expense 36 32 69 65
Income Before Income Taxes 124 127 251 277
Income Taxes 47 48 95 104
Net Income [1] 77 79 156 173
LG And E And KU Energy LLC [Member]        
Operating Revenues        
Operating Revenues 723 721 1,532 1,547
Operation        
Fuel 183 182 374 380
Energy purchases 29 28 98 94
Other operation and maintenance 192 204 399 406
Depreciation 105 100 210 199
Taxes, other than income 16 15 32 30
Total Operating Expenses 525 529 1,113 1,109
Operating Income 198 192 419 438
Other Income (Expense) - net (4) (5) (6) (6)
Interest Expense 50 48 99 97
Interest Expense with Affiliate 4 4 8 8
Income Before Income Taxes 140 135 306 327
Income Taxes 53 51 116 123
Net Income 87 84 190 204
Louisville Gas And Electric Co [Member]        
Operating Revenues        
Retail and wholesale 320 317 694 692
Electric revenue from affiliate 4 6 21 17
Operating Revenues 324 323 715 709
Operation        
Fuel 69 69 149 147
Energy purchases 25 23 89 85
Energy purchases from affiliate 3 3 5 5
Other operation and maintenance 86 92 173 179
Depreciation 45 42 89 83
Taxes, other than income 9 7 17 15
Total Operating Expenses 237 236 522 514
Operating Income 87 87 193 195
Other Income (Expense) - net 1 (5) (1) (5)
Interest Expense 19 18 36 35
Income Before Income Taxes 69 64 156 155
Income Taxes 27 24 60 59
Net Income [1] 42 40 96 96
Kentucky Utilities Co [Member]        
Operating Revenues        
Retail and wholesale 403 404 838 855
Electric revenue from affiliate 3 3 5 5
Operating Revenues 406 407 843 860
Operation        
Fuel 114 113 225 233
Energy purchases 4 5 9 9
Energy purchases from affiliate 4 6 21 17
Other operation and maintenance 100 107 209 213
Depreciation 61 58 121 116
Taxes, other than income 7 8 15 15
Total Operating Expenses 290 297 600 603
Operating Income 116 110 243 257
Other Income (Expense) - net (2) 1 (3) (1)
Interest Expense 24 23 48 47
Income Before Income Taxes 90 88 192 209
Income Taxes 34 34 73 80
Net Income [2] $ 56 $ 54 $ 119 $ 129
[1] Net income equals comprehensive income.
[2] Net income approximates comprehensive income.