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CONDENSED CONSOLIDATED STATEMENTS OF EQUITY (Unaudited) - USD ($)
$ in Millions
Total
Cumulative Effect, Period of Adoption, Adjustment
Common Stock [Member]
Additional Paid-in Capital [Member]
Earnings Reinvested [Member]
Earnings Reinvested [Member]
Cumulative Effect, Period of Adoption, Adjustment
Accumulated Other Comprehensive Loss [Member]
PPL Electric Utilities Corp [Member]
PPL Electric Utilities Corp [Member]
Common Stock [Member]
PPL Electric Utilities Corp [Member]
Additional Paid-in Capital [Member]
PPL Electric Utilities Corp [Member]
Earnings Reinvested [Member]
LG And E And KU Energy LLC [Member]
Louisville Gas And Electric Co [Member]
Louisville Gas And Electric Co [Member]
Common Stock [Member]
Louisville Gas And Electric Co [Member]
Additional Paid-in Capital [Member]
Louisville Gas And Electric Co [Member]
Earnings Reinvested [Member]
Kentucky Utilities Co [Member]
Kentucky Utilities Co [Member]
Common Stock [Member]
Kentucky Utilities Co [Member]
Additional Paid-in Capital [Member]
Kentucky Utilities Co [Member]
Earnings Reinvested [Member]
Dividends Declared Per Share of Common Stock (in dollars per share) $ 0.415                                      
Balance at beginning of period - shares at Dec. 31, 2019     767,233,000 [1]           66,368,000 [2]         21,294,000 [3]       37,818,000 [4]    
Balance at beginning of period at Dec. 31, 2019 $ 12,991   $ 8 $ 12,214 $ 5,127   $ (4,358) $ 4,832 $ 364 $ 3,558 $ 910   $ 2,762 $ 424 $ 1,820 $ 518 $ 3,574 $ 308 $ 2,729 $ 537
Balance at beginning of period at Dec. 31, 2019                       $ 4,942                
Common stock shares issued [1]     1,033,000                                  
Common stock issued 34     34                                
Stock-based compensation (9)     (9)                                
Net income (loss) 554       554     118 [5]     118 135 [6] 73 [7]     73 80 [8]     80
Capital contributions from parent                         25   25   37   37  
Dividends and dividend equivalents [9] (319)       (319)                              
Dividends declared on common stock               (165)     (165)   (29)     (29) (37)     (37)
Distributions to member                       (52)                
Other comprehensive income (loss) (8)           (8)         1                
Balance at end of period - shares at Mar. 31, 2020     768,266,000 [1]           66,368,000 [2]         21,294,000 [3]       37,818,000 [4]    
Balance at end of period at Mar. 31, 2020 $ 13,241   $ 8 12,239 5,360   (4,366) $ 4,785 $ 364 3,558 863   2,831 $ 424 1,845 562 3,654 $ 308 2,766 580
Balance at end of period at Mar. 31, 2020                       5,026                
Contributions from parent                         $ 25       $ 37      
Cumulative Effect of New Accounting Principle in Period of Adoption   $ (2)       $ (2)                            
Dividends Declared Per Share of Common Stock (in dollars per share) $ 0.415                                      
Balance at beginning of period - shares at Dec. 31, 2020 768,907,000   768,907,000 [1]         66,368,000 66,368,000 [2]       21,294,000 21,294,000 [3]     37,818,000 37,818,000 [4]    
Balance at beginning of period at Dec. 31, 2020 $ 13,373   $ 8 12,270 5,315   (4,220) $ 5,124 $ 364 3,753 1,007   $ 2,948 $ 424 1,923 601 $ 3,782 $ 308 2,857 617
Balance at beginning of period at Dec. 31, 2020                       5,116                
Common stock shares issued 0   520,000                                  
Common stock issued $ 16     16                                
Stock-based compensation (13)     (13)                                
Net income (loss) (1,840)       (1,840)     113 [5]     113 146 [6] 75 [7]     75 86 [8]     86
Dividends and dividend equivalents [9] (320)       (320)                              
Dividends declared on common stock               $ (115)     (115)   $ (60)     (60) $ (56)     (56)
Distributions to member                       (62)                
Other comprehensive income (loss) $ 338           338         3                
Balance at end of period - shares at Mar. 31, 2021 769,427,000   769,427,000         66,368,000 66,368,000 [2]       21,294,000 21,294,000 [3]     37,818,000 37,818,000 [4]    
Balance at end of period at Mar. 31, 2021 $ 11,554   $ 8 $ 12,273 $ 3,155   $ (3,882) $ 5,122 $ 364 $ 3,753 $ 1,005   $ 2,963 $ 424 $ 1,923 $ 616 $ 3,812 $ 308 $ 2,857 $ 647
Balance at end of period at Mar. 31, 2021                       $ 5,203                
Contributions from parent                         $ 0       $ 0      
[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] Net income equals comprehensive income.
[6] Net income approximates comprehensive income.
[7] Net income equals comprehensive income.
[8] Net income equals comprehensive income.
[9] Dividends declared per share of common stock were $0.415 for the three months ended March 31, 2021 and March 31, 2020.