Leases (Tables)

12 Months Ended

Dec. 31, 2021

Leases [Line Items]

Lease, Cost [Table Text Block]

The following table provides the components of lease cost for the Registrants' operating leases for the years ended December 31:

	2021		2020		2019
PPL
Lease cost:
Operating lease cost	$	24	$	28	$	30
Short-term lease cost	6		7		5
Total lease cost	$	30	$	35	$	35
LG&E
Lease cost:
Operating lease cost	$	6	$	8	$	12
Short-term lease cost	1		1		1
Total lease cost	$	7	$	9	$	13
KU
Lease cost:
Operating lease cost	$	10	$	13	$	13
Short-term lease cost	1		1		1
Total lease cost	$	11	$	14	$	14

The following table provides other key information related to the Registrants' operating leases at December 31:

	2021		2020		2019
PPL
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	23	$	24	$	26
Right-of-use asset obtained in exchange for new operating lease liabilities	12		17		45
LG&E
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	6	$	7	$	9
Right-of-use asset obtained in exchange for new operating lease liabilities	4		6		5
KU
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	10	$	11	$	11
Right-of-use asset obtained in exchange for new operating lease liabilities	7		9		11

Lessee, Operating Lease, Liability, Maturity [Table Text Block]

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 December 31, 2021.

	PPL		LG&E		KU
2022	$	23	$	6	$	10
2023	20		5		8
2024	15		4		6
2025	8		3		4
2026	3		1		1
Thereafter	5		1		1
Total	$	74	$	20	$	30
Weighted-average discount rate	3.38%		3.48%		3.67%
Weighted-average remaining lease term (in years)	4		4		4
Current lease liabilities (a)	$	22	$	6	$	9
Non-current lease liabilities (a)	47		12		17
Right-of-use assets (b)	62		15		24

(a)    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.

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

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

for the years ended December 31:

	PPL		LG&E		KU
Lease income recognized for the twelve months ended December 31, 2021	$	11	$	5	$	5
Lease income recognized for the twelve months ended December 31, 2020	16		6		9
Lease income recognized for the twelve months ended December 31, 2019	14		5		8

Louisville Gas And Electric Co [Member]

Leases [Line Items]

Lease, Cost [Table Text Block]

The following table provides the components of lease cost for the Registrants' operating leases for the years ended December 31:

	2021		2020		2019
PPL
Lease cost:
Operating lease cost	$	24	$	28	$	30
Short-term lease cost	6		7		5
Total lease cost	$	30	$	35	$	35
LG&E
Lease cost:
Operating lease cost	$	6	$	8	$	12
Short-term lease cost	1		1		1
Total lease cost	$	7	$	9	$	13
KU
Lease cost:
Operating lease cost	$	10	$	13	$	13
Short-term lease cost	1		1		1
Total lease cost	$	11	$	14	$	14

The following table provides other key information related to the Registrants' operating leases at December 31:

	2021		2020		2019
PPL
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	23	$	24	$	26
Right-of-use asset obtained in exchange for new operating lease liabilities	12		17		45
LG&E
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	6	$	7	$	9
Right-of-use asset obtained in exchange for new operating lease liabilities	4		6		5
KU
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	10	$	11	$	11
Right-of-use asset obtained in exchange for new operating lease liabilities	7		9		11

Lessee, Operating Lease, Liability, Maturity [Table Text Block]

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 December 31, 2021.

	PPL		LG&E		KU
2022	$	23	$	6	$	10
2023	20		5		8
2024	15		4		6
2025	8		3		4
2026	3		1		1
Thereafter	5		1		1
Total	$	74	$	20	$	30
Weighted-average discount rate	3.38%		3.48%		3.67%
Weighted-average remaining lease term (in years)	4		4		4
Current lease liabilities (a)	$	22	$	6	$	9
Non-current lease liabilities (a)	47		12		17
Right-of-use assets (b)	62		15		24

(a)    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.

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

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

for the years ended December 31:

	PPL		LG&E		KU
Lease income recognized for the twelve months ended December 31, 2021	$	11	$	5	$	5
Lease income recognized for the twelve months ended December 31, 2020	16		6		9
Lease income recognized for the twelve months ended December 31, 2019	14		5		8

Kentucky Utilities Co [Member]

Leases [Line Items]

Lease, Cost [Table Text Block]

The following table provides the components of lease cost for the Registrants' operating leases for the years ended December 31:

	2021		2020		2019
PPL
Lease cost:
Operating lease cost	$	24	$	28	$	30
Short-term lease cost	6		7		5
Total lease cost	$	30	$	35	$	35
LG&E
Lease cost:
Operating lease cost	$	6	$	8	$	12
Short-term lease cost	1		1		1
Total lease cost	$	7	$	9	$	13
KU
Lease cost:
Operating lease cost	$	10	$	13	$	13
Short-term lease cost	1		1		1
Total lease cost	$	11	$	14	$	14

The following table provides other key information related to the Registrants' operating leases at December 31:

	2021		2020		2019
PPL
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	23	$	24	$	26
Right-of-use asset obtained in exchange for new operating lease liabilities	12		17		45
LG&E
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	6	$	7	$	9
Right-of-use asset obtained in exchange for new operating lease liabilities	4		6		5
KU
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	10	$	11	$	11
Right-of-use asset obtained in exchange for new operating lease liabilities	7		9		11

Lessee, Operating Lease, Liability, Maturity [Table Text Block]

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 December 31, 2021.

	PPL		LG&E		KU
2022	$	23	$	6	$	10
2023	20		5		8
2024	15		4		6
2025	8		3		4
2026	3		1		1
Thereafter	5		1		1
Total	$	74	$	20	$	30
Weighted-average discount rate	3.38%		3.48%		3.67%
Weighted-average remaining lease term (in years)	4		4		4
Current lease liabilities (a)	$	22	$	6	$	9
Non-current lease liabilities (a)	47		12		17
Right-of-use assets (b)	62		15		24

(a)    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.

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

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

for the years ended December 31:

	PPL		LG&E		KU
Lease income recognized for the twelve months ended December 31, 2021	$	11	$	5	$	5
Lease income recognized for the twelve months ended December 31, 2020	16		6		9
Lease income recognized for the twelve months ended December 31, 2019	14		5		8