Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2022

Earnings Per Share [Abstract]

Basic and Diluted EPS Computations

Reconciliations of the amounts of income and shares of PPL common stock (in thousands) for the periods ended December 31, used in the EPS calculation are:

	2022		2021		2020
Income (Numerator)
Income from continuing operations after income taxes	$	714	$	18	$	640
Less amounts allocated to participating securities	1		—		1
Income from continuing operations after income taxes available to PPL common shareowners - Basic and Diluted	$	713	$	18	$	639
Income (loss) from discontinued operations (net of income taxes) available to PPL common shareowners - Basic and Diluted	$	42	$	(1,498)	$	829
Net income (loss) attributable to PPL	$	756	$	(1,480)	1,469
Less amounts allocated to participating securities	1		—		1
Net income (loss) available to PPL common shareowners - Basic and Diluted	$	755	$	(1,480)	$	1,468
Shares of Common Stock (Denominator)
Weighted-average shares - Basic EPS	736,027		762,902		768,590
Add: Dilutive share-based payment awards (a)	875		1,917		794
Weighted-average shares - Diluted EPS	736,902		764,819		769,384
Basic EPS
Available to PPL common shareowners:
Income from continuing operations after income taxes	$	0.97	$	0.03	$	0.83
Income (loss) from discontinued operations (net of income taxes)	0.06		(1.96)		1.08
Net Income (Loss) available to PPL common shareowners	$	1.03	$	(1.93)	$	1.91
Diluted EPS
Available to PPL common shareowners:
Income from continuing operations after income taxes	$	0.96	$	0.03	$	0.83
Income (loss) from discontinued operations (net of income taxes)	0.06		(1.96)		1.08
Net Income (Loss) available to PPL common shareowners	$	1.02	$	(1.93)	$	1.91

(a)The Treasury Stock Method was applied to non-participating share-based payment awards.

Common Stock Issuances

For the years ended December 31, PPL issued common stock related to stock-based compensation plans as follows (in thousands):

	2022	2021
Stock-based compensation plans (a)	124	983

(a)Includes stock options exercised, vesting of performance units, vesting of restricted stock and restricted stock units and conversion of stock units granted to directors.

Antidilutive Securities Excluded From Diluted EPS

For the years ended December 31, the following shares (in thousands) were excluded from the computations of diluted EPS because the effect would have been antidilutive:

	2022	2021	2020
Stock-based compensation awards	93	1,783	452