Leases (Tables)

6 Months Ended

Jun. 30, 2019

Lessee, Lease, Description [Line Items]

Lease, Cost

The following table provides the components of lease cost for the Registrants' operating leases for the periods ended June 30, 2019.

	2019 Three Months
	PPL		LKE		LG&E		KU
Lease cost:
Operating lease cost	$	7	$	5	$	2	$	3
Short-term lease cost	2		1		1		—
Total lease cost	$	9	$	6	$	3	$	3
	2019 Six Months
	PPL		LKE		LG&E		KU
Lease cost:
Operating lease cost	$	14	$	12	$	6	$	6
Short-term lease cost	2		1		1		—
Total lease cost	$	16	$	13	$	7	$	6

The following table provides other key information related to the Registrants' operating leases at June 30, 2019.

	PPL		LKE		LG&E		KU
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	14	$	12	$	6	$	6
Right-of-use asset obtained in exchange for new operating lease liabilities	7		6		2		4

Lessee, Operating Lease, Liability, Maturity

The following table provides the total future minimum rental payments for operating leases, as well as a reconciliation of these undiscounted cash flows to the lease liabilities recognized on the Balance Sheets as of June 30, 2019.

	PPL			LKE			LG&E			KU
2019 (a)	$	20		$	18		$	7		$	10
2020	19			14			5			8
2021	14			10			4			6
2022	9			7			3			4
2023	8			6			2			3
2024	7			5			2			3
Thereafter	22			4			1			2
Total	$	99		$	64		$	24		$	36
Weighted-average discount rate	3.77		%	3.97		%	3.89		%	4.02		%
Weighted-average remaining lease term (in years)	9			5			5			5
Current lease liabilities (b)	$	20		$	16		$	6		$	9
Non-current lease liabilities (b)	62			42			17			24
Right-of-use assets (c)	74			50			19			29

(a) Represents future minimum lease payments for the remainder of 2019.

(b) Current lease liabilities are included in "Other Current Liabilities" on the Balance Sheets. Non-current lease liabilities are included in "Other deferred credits and noncurrent liabilities" on the Balance Sheets. The difference between the total future minimum lease payments and the recorded lease liabilities is due to the impact of discounting.

(c) Right-of-use assets are included in "Other noncurrent assets" on the Balance Sheets.

At December 31, 2018, the total future minimum rental payments for all operating leases were estimated to be:

	PPL		LKE		LG&E		KU
2019	$	26	$	20	$	10	$	10
2020	21		15		6		9
2021	15		11		4		7
2022	13		7		3		4
2023	8		6		3		3
Thereafter	33		11		4		6
Total	$	116	$	70	$	30	$	39

Lessor, Operating Lease, Payments to be Received, Maturity [Table Text Block]

At June 30, 2019, PPL, LKE, LG&E and KU expect to receive the following lease payments over the remaining term of their operating lease agreements:

	PPL		LKE		LG&E		KU
2019 (a)	$	7	$	4	$	—	$	4
2020	13		7		—		7
2021	11		6		1		5
2022	4		—		—		—
2023	4		1		—		—
2024	4		—		—		—
Thereafter	12		—		—		—
Total	$	55	$	18	$	1	$	16
Lease income recognized for the three months ended June 30, 2019	$	6	$	4	$	2	$	2
Lease income recognized for the six months ended June 30, 2019	$	9	$	6	$	2	$	4

(a) Represents future minimum lease payments for the remainder of 2019.

LG And E And KU Energy LLC [Member]

Lessee, Lease, Description [Line Items]

Lease, Cost

The following table provides the components of lease cost for the Registrants' operating leases for the periods ended June 30, 2019.

	2019 Three Months
	PPL		LKE		LG&E		KU
Lease cost:
Operating lease cost	$	7	$	5	$	2	$	3
Short-term lease cost	2		1		1		—
Total lease cost	$	9	$	6	$	3	$	3
	2019 Six Months
	PPL		LKE		LG&E		KU
Lease cost:
Operating lease cost	$	14	$	12	$	6	$	6
Short-term lease cost	2		1		1		—
Total lease cost	$	16	$	13	$	7	$	6

The following table provides other key information related to the Registrants' operating leases at June 30, 2019.

	PPL		LKE		LG&E		KU
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	14	$	12	$	6	$	6
Right-of-use asset obtained in exchange for new operating lease liabilities	7		6		2		4

Lessee, Operating Lease, Liability, Maturity

The following table provides the total future minimum rental payments for operating leases, as well as a reconciliation of these undiscounted cash flows to the lease liabilities recognized on the Balance Sheets as of June 30, 2019.

	PPL			LKE			LG&E			KU
2019 (a)	$	20		$	18		$	7		$	10
2020	19			14			5			8
2021	14			10			4			6
2022	9			7			3			4
2023	8			6			2			3
2024	7			5			2			3
Thereafter	22			4			1			2
Total	$	99		$	64		$	24		$	36
Weighted-average discount rate	3.77		%	3.97		%	3.89		%	4.02		%
Weighted-average remaining lease term (in years)	9			5			5			5
Current lease liabilities (b)	$	20		$	16		$	6		$	9
Non-current lease liabilities (b)	62			42			17			24
Right-of-use assets (c)	74			50			19			29

(a) Represents future minimum lease payments for the remainder of 2019.

(b) Current lease liabilities are included in "Other Current Liabilities" on the Balance Sheets. Non-current lease liabilities are included in "Other deferred credits and noncurrent liabilities" on the Balance Sheets. The difference between the total future minimum lease payments and the recorded lease liabilities is due to the impact of discounting.

(c) Right-of-use assets are included in "Other noncurrent assets" on the Balance Sheets.

At December 31, 2018, the total future minimum rental payments for all operating leases were estimated to be:

	PPL		LKE		LG&E		KU
2019	$	26	$	20	$	10	$	10
2020	21		15		6		9
2021	15		11		4		7
2022	13		7		3		4
2023	8		6		3		3
Thereafter	33		11		4		6
Total	$	116	$	70	$	30	$	39

Lessor, Operating Lease, Payments to be Received, Maturity [Table Text Block]

At June 30, 2019, PPL, LKE, LG&E and KU expect to receive the following lease payments over the remaining term of their operating lease agreements:

	PPL		LKE		LG&E		KU
2019 (a)	$	7	$	4	$	—	$	4
2020	13		7		—		7
2021	11		6		1		5
2022	4		—		—		—
2023	4		1		—		—
2024	4		—		—		—
Thereafter	12		—		—		—
Total	$	55	$	18	$	1	$	16
Lease income recognized for the three months ended June 30, 2019	$	6	$	4	$	2	$	2
Lease income recognized for the six months ended June 30, 2019	$	9	$	6	$	2	$	4

(a) Represents future minimum lease payments for the remainder of 2019.

Louisville Gas And Electric Co [Member]

Lessee, Lease, Description [Line Items]

Lease, Cost

The following table provides the components of lease cost for the Registrants' operating leases for the periods ended June 30, 2019.

	2019 Three Months
	PPL		LKE		LG&E		KU
Lease cost:
Operating lease cost	$	7	$	5	$	2	$	3
Short-term lease cost	2		1		1		—
Total lease cost	$	9	$	6	$	3	$	3
	2019 Six Months
	PPL		LKE		LG&E		KU
Lease cost:
Operating lease cost	$	14	$	12	$	6	$	6
Short-term lease cost	2		1		1		—
Total lease cost	$	16	$	13	$	7	$	6

The following table provides other key information related to the Registrants' operating leases at June 30, 2019.

	PPL		LKE		LG&E		KU
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	14	$	12	$	6	$	6
Right-of-use asset obtained in exchange for new operating lease liabilities	7		6		2		4

Lessee, Operating Lease, Liability, Maturity

The following table provides the total future minimum rental payments for operating leases, as well as a reconciliation of these undiscounted cash flows to the lease liabilities recognized on the Balance Sheets as of June 30, 2019.

	PPL			LKE			LG&E			KU
2019 (a)	$	20		$	18		$	7		$	10
2020	19			14			5			8
2021	14			10			4			6
2022	9			7			3			4
2023	8			6			2			3
2024	7			5			2			3
Thereafter	22			4			1			2
Total	$	99		$	64		$	24		$	36
Weighted-average discount rate	3.77		%	3.97		%	3.89		%	4.02		%
Weighted-average remaining lease term (in years)	9			5			5			5
Current lease liabilities (b)	$	20		$	16		$	6		$	9
Non-current lease liabilities (b)	62			42			17			24
Right-of-use assets (c)	74			50			19			29

(a) Represents future minimum lease payments for the remainder of 2019.

(b) Current lease liabilities are included in "Other Current Liabilities" on the Balance Sheets. Non-current lease liabilities are included in "Other deferred credits and noncurrent liabilities" on the Balance Sheets. The difference between the total future minimum lease payments and the recorded lease liabilities is due to the impact of discounting.

(c) Right-of-use assets are included in "Other noncurrent assets" on the Balance Sheets.

At December 31, 2018, the total future minimum rental payments for all operating leases were estimated to be:

	PPL		LKE		LG&E		KU
2019	$	26	$	20	$	10	$	10
2020	21		15		6		9
2021	15		11		4		7
2022	13		7		3		4
2023	8		6		3		3
Thereafter	33		11		4		6
Total	$	116	$	70	$	30	$	39

Lessor, Operating Lease, Payments to be Received, Maturity [Table Text Block]

At June 30, 2019, PPL, LKE, LG&E and KU expect to receive the following lease payments over the remaining term of their operating lease agreements:

	PPL		LKE		LG&E		KU
2019 (a)	$	7	$	4	$	—	$	4
2020	13		7		—		7
2021	11		6		1		5
2022	4		—		—		—
2023	4		1		—		—
2024	4		—		—		—
Thereafter	12		—		—		—
Total	$	55	$	18	$	1	$	16
Lease income recognized for the three months ended June 30, 2019	$	6	$	4	$	2	$	2
Lease income recognized for the six months ended June 30, 2019	$	9	$	6	$	2	$	4

(a)

Represents future minimum lease payments for the remainder of 2019.

Kentucky Utilities Co [Member]

Lessee, Lease, Description [Line Items]

Lease, Cost

The following table provides the components of lease cost for the Registrants' operating leases for the periods ended June 30, 2019.

	2019 Three Months
	PPL		LKE		LG&E		KU
Lease cost:
Operating lease cost	$	7	$	5	$	2	$	3
Short-term lease cost	2		1		1		—
Total lease cost	$	9	$	6	$	3	$	3
	2019 Six Months
	PPL		LKE		LG&E		KU
Lease cost:
Operating lease cost	$	14	$	12	$	6	$	6
Short-term lease cost	2		1		1		—
Total lease cost	$	16	$	13	$	7	$	6

The following table provides other key information related to the Registrants' operating leases at June 30, 2019.

	PPL		LKE		LG&E		KU
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	14	$	12	$	6	$	6
Right-of-use asset obtained in exchange for new operating lease liabilities	7		6		2		4

Lessee, Operating Lease, Liability, Maturity

The following table provides the total future minimum rental payments for operating leases, as well as a reconciliation of these undiscounted cash flows to the lease liabilities recognized on the Balance Sheets as of June 30, 2019.

	PPL			LKE			LG&E			KU
2019 (a)	$	20		$	18		$	7		$	10
2020	19			14			5			8
2021	14			10			4			6
2022	9			7			3			4
2023	8			6			2			3
2024	7			5			2			3
Thereafter	22			4			1			2
Total	$	99		$	64		$	24		$	36
Weighted-average discount rate	3.77		%	3.97		%	3.89		%	4.02		%
Weighted-average remaining lease term (in years)	9			5			5			5
Current lease liabilities (b)	$	20		$	16		$	6		$	9
Non-current lease liabilities (b)	62			42			17			24
Right-of-use assets (c)	74			50			19			29

(a) Represents future minimum lease payments for the remainder of 2019.

(b) Current lease liabilities are included in "Other Current Liabilities" on the Balance Sheets. Non-current lease liabilities are included in "Other deferred credits and noncurrent liabilities" on the Balance Sheets. The difference between the total future minimum lease payments and the recorded lease liabilities is due to the impact of discounting.

(c) Right-of-use assets are included in "Other noncurrent assets" on the Balance Sheets.

At December 31, 2018, the total future minimum rental payments for all operating leases were estimated to be:

	PPL		LKE		LG&E		KU
2019	$	26	$	20	$	10	$	10
2020	21		15		6		9
2021	15		11		4		7
2022	13		7		3		4
2023	8		6		3		3
Thereafter	33		11		4		6
Total	$	116	$	70	$	30	$	39

Lessor, Operating Lease, Payments to be Received, Maturity [Table Text Block]

At June 30, 2019, PPL, LKE, LG&E and KU expect to receive the following lease payments over the remaining term of their operating lease agreements:

	PPL		LKE		LG&E		KU
2019 (a)	$	7	$	4	$	—	$	4
2020	13		7		—		7
2021	11		6		1		5
2022	4		—		—		—
2023	4		1		—		—
2024	4		—		—		—
Thereafter	12		—		—		—
Total	$	55	$	18	$	1	$	16
Lease income recognized for the three months ended June 30, 2019	$	6	$	4	$	2	$	2
Lease income recognized for the six months ended June 30, 2019	$	9	$	6	$	2	$	4

(a)

Represents future minimum lease payments for the remainder of 2019.