Debt and Credit Facilities (Tables)

3 Months Ended

Mar. 31, 2020

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

The following table summarizes significant debt issuances (in millions).

					Three Months Ended March 31, 2020
							Duke		Duke		Duke
	Maturity	Interest			Duke		Energy		Energy		Energy
Issuance Date	Date	Rate			Energy		(Parent)		Carolinas		Indiana
Unsecured Debt
March 2020(a)	March 2021	1.400	%	(b)	$	1,688	$	1,688	$	—	$	—
First Mortgage Bonds
January 2020(c)	February 2030	2.450	%		500		—		500		—
January 2020(c)	August 2049	3.200	%		400		—		400		—
March 2020(d)	April 2050	2.750	%		550		—		—		550
Total issuances					$	3,138	$	1,688	$	900	$	550

(a) Debt issued in response to market volatility concerns related to the COVID-19 pandemic. Refer to Note 1 for additional information on the COVID-19 pandemic. Proceeds will be used to reduce outstanding commercial paper and for general corporate purposes.

(b) Debt issuance has a floating interest rate.

(c) Debt issued to repay at maturity $450 million first mortgage bonds due June 2020 and for general corporate purposes.

(d) Debt issued to repay at maturity $500 million first mortgage bonds due July 2020 and to pay down short-term debt.

The following table shows the significant components of Current Maturities of Long-Term Debt on the Condensed Consolidated Balance Sheets. The Duke Energy Registrants currently anticipate satisfying these obligations with cash on hand and proceeds from additional borrowings.

(in millions)	Maturity Date	Interest Rate			March 31, 2020
Unsecured Debt
Duke Energy (Parent)	June 2020	2.100	%		$	330
Duke Energy Progress	December 2020	2.292	%	(a)	700
Progress Energy, Inc	January 2021	4.400	%		500
Duke Energy (Parent)	March 2021	1.400	%	(a)	1,688
First Mortgage Bonds
Duke Energy Florida	April 2020	4.550	%		250
Duke Energy Carolinas	June 2020	4.300	%		450
Duke Energy Indiana	July 2020	3.750	%		500
Duke Energy Progress	September 2020	1.076	%	(a)	300
Other(b)					359
Current maturities of long-term debt					$	5,077

(a)    Debt issuance has a floating interest rate.

(b)    Includes finance lease obligations, amortizing debt and small bullet maturities.

Schedule Of Line Of Credit Facilities

The table below includes the current borrowing sublimits and available capacity under these credit facilities.

	March 31, 2020
				Duke			Duke			Duke			Duke			Duke			Duke
	Duke			Energy			Energy			Energy			Energy			Energy			Energy
(in millions)	Energy			(Parent)			Carolinas			Progress			Florida			Ohio			Indiana			Piedmont
Facility size(a)	$	8,000		$	2,650		$	1,500		$	1,250		$	800		$	600		$	600		$	600
Reduction to backstop issuances
Commercial paper(b)	(2,540		)	(1,140		)	(300		)	(275		)	(167		)	(243		)	(150		)	(265		)
Outstanding letters of credit	(49		)	(42		)	(4		)	(2		)	—			—			—			(1		)
Tax-exempt bonds	(81		)	—			—			—			—			—			(81		)	—
Coal ash set-aside	(500		)	—			(250		)	(250		)	—			—			—			—
Available capacity under the Master Credit Facility	$	4,830		$	1,468		$	946		$	723		$	633		$	357		$	369		$	334

(a) Represents the sublimit of each borrower.

(b)

Duke Energy issued $625 million of commercial paper and loaned the proceeds through the money pool to Duke Energy Carolinas, Duke Energy Progress, Duke Energy Ohio and Duke Energy Indiana. The balances are classified as Long-Term Debt Payable to Affiliated Companies on the Condensed Consolidated Balance Sheets.

Other Credit Facilities

	March 31, 2020
(in millions)	Facility size		Amount drawn
Duke Energy (Parent) Three-Year Revolving Credit Facility(a)	$	1,000	$	1,000
Duke Energy Progress Term Loan Facility	700		700

(a)

In March 2020, Duke Energy (Parent) drew down the remaining $500 million.