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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Operating Revenues      
Operating Revenues $ 7,447 $ 7,517 $ 7,669
Operation      
Fuel 759 791 863
Energy purchases 685 706 855
Other operation and maintenance 1,635 1,745 1,938
Depreciation 1,008 926 883
Taxes, other than income 292 301 299
Total Operating Expenses 4,379 4,469 4,838
Operating Income 3,068 3,048 2,831
Other Income (Expense) - net (255) 390 108
Interest Expense 901 888 871
Income Before Income Taxes 1,912 2,550 2,068
Income Taxes 784 648 465
Income from continuing operations (net of income taxes) 1,128 1,902 1,603
Loss from Discontinued Operations (net of income taxes) 0 0 (921)
Net income $ 1,128 $ 1,902 $ 682
Income from Continuing Operations After Income Taxes Available to PPL Common Shareholders      
Basic (in dollars per share) $ 1.64 $ 2.80 $ 2.38
Diluted (in dollars per share) 1.64 2.79 2.37
Net Income Available to PPL Common Shareowners      
Basic (in dollars per share) 1.64 2.80 1.01
Diluted (in dollars per share) 1.64 2.79 1.01
Dividends Declared Per Share of Common Stock $ 1.58 $ 1.52 $ 1.50
Weighted-Average Shares of Common Stock Outstanding (in thousands)      
Basic 685,240 677,592 669,814
Diluted 687,334 680,446 672,586
PPL Electric Utilities Corp [Member]      
Operating Revenues      
Operating Revenues $ 2,195 $ 2,156 $ 2,124
Operation      
Energy purchases 507 535 657
Energy purchases from affiliate 0 0 14
Other operation and maintenance 571 599 607
Depreciation 309 253 214
Taxes, other than income 107 105 94
Total Operating Expenses 1,494 1,492 1,586
Operating Income 701 664 538
Other Income (Expense) - net 11 17 8
Interest Income from Affiliate 5 0 0
Interest Expense 142 129 130
Income Before Income Taxes 575 552 416
Income Taxes 213 212 164
Net income [1] 362 340 252
LG And E And KU Energy LLC [Member]      
Operating Revenues      
Operating Revenues 3,156 3,141 3,115
Operation      
Fuel 759 791 863
Energy purchases 178 171 184
Other operation and maintenance 806 804 837
Depreciation 439 404 382
Taxes, other than income 65 62 57
Total Operating Expenses 2,247 2,232 2,323
Operating Income 909 909 792
Other Income (Expense) - net (3) (9) (8)
Interest Expense 197 197 178
Interest Expense with Affiliates 18 17 3
Income Before Income Taxes 691 686 603
Income Taxes 375 257 239
Net income 316 429 364
Louisville Gas And Electric Co [Member]      
Operating Revenues      
Retail and wholesale 1,422 1,406 1,407
Electric revenue from affiliates 31 24 37
Operating Revenues 1,453 1,430 1,444
Operation      
Fuel 292 301 329
Energy purchases 160 153 166
Energy purchases from affiliate 10 14 20
Other operation and maintenance 355 355 377
Depreciation 183 170 162
Taxes, other than income 33 32 28
Total Operating Expenses 1,033 1,025 1,082
Operating Income 420 405 362
Other Income (Expense) - net (5) (5) (6)
Interest Expense 71 71 57
Income Before Income Taxes 344 329 299
Income Taxes 131 126 114
Net income [2] 213 203 185
Kentucky Utilities Co [Member]      
Operating Revenues      
Retail and wholesale 1,734 1,735 1,708
Electric revenue from affiliates 10 14 20
Operating Revenues 1,744 1,749 1,728
Operation      
Fuel 467 490 534
Energy purchases 18 18 18
Energy purchases from affiliate 31 24 37
Other operation and maintenance 424 424 435
Depreciation 255 234 220
Taxes, other than income 32 30 29
Total Operating Expenses 1,227 1,220 1,273
Operating Income 517 529 455
Other Income (Expense) - net (3) (5) 1
Interest Expense 96 96 82
Income Before Income Taxes 418 428 374
Income Taxes 159 163 140
Net income [3] $ 259 $ 265 $ 234
[1] Net income equals comprehensive income.
[2] Net income equals comprehensive income.
[3] Net income approximates comprehensive income.