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Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Operating Revenues        
Regulated electric $ 4,963 $ 5,423 $ 10,087 $ 10,708
Regulated natural gas 263 280 901 1,008
Nonregulated electric and other 195 170 382 320
Total operating revenues 5,421 5,873 11,370 12,036
Operating Expenses        
Operation, maintenance and other 1,353 1,434 2,692 2,853
Depreciation and amortization 1,150 1,089 2,280 2,178
Property and other taxes 334 334 679 677
Impairment charges 6 4 8 4
Total operating expenses 4,251 4,578 8,713 9,365
Gains (Losses) on Sales of Other Assets and Other, net 7 3 8  
Operating Income 1,177 1,298 2,665 2,671
Other Income and Expenses        
Equity in (losses) earnings of unconsolidated affiliates (1,968) 44 (1,924) 87
Other Nonoperating Income (Expense) 137 89 183 204
Total other income and expenses (1,831) 133 (1,741) 291
Interest Expense 554 542 1,105 1,085
(Loss) Income Before Income Taxes (1,208) 889 (181) 1,877
Income Tax (Benefit) Expense (316) 141 (179) 236
Net (Loss) Income (892) 748 (2) 1,641
Add: Net Loss Attributable to Noncontrolling Interests 90 84 138 91
Net income (attributable to parent) (802) 832 136 1,732
Less: Preferred Dividends 15 12 54 12
Net (Loss) Income Available to Duke Energy Corporation Common Stockholders (817) 820 82 1,720
Other Comprehensive Income (Loss), net of tax        
Pension and OPEB adjustments [1] (1) 3   3
Net unrealized (losses) gains on cash flow hedges [1] 5 (29) (76) (46)
Unrealized (losses) gains on available-for-sale securities [1] 6 4 7 8
Other Comprehensive Income (Loss), net of tax [1] 12 (20) (65) (32)
Comprehensive (Loss) Income (880) 728 (67) 1,609
Add: Comprehensive Loss Attributable to Noncontrolling Interests (88) (84) (150) (91)
Comprehensive (Loss) Income Attributable to Duke Energy $ (792) $ 812 $ 83 $ 1,700
Net income attributable to Duke Energy Corporation common stockholders        
Basic and Diluted (in usd per share) $ (1.13) $ 1.12 $ 0.11 $ 2.36
Weighted average shares outstanding        
Weighted Average Number of Shares Outstanding, Basic 735 728 734 728
Weighted Average Number of Shares Outstanding, Diluted 735 728 735 728
Duke Energy Carolinas        
Operating Revenues        
Total operating revenues $ 1,610 $ 1,713 $ 3,358 $ 3,457
Operating Expenses        
Fuel used in electric generation and purchased power/Cost of natural gas 376 395 829 867
Operation, maintenance and other 430 441 816 881
Depreciation and amortization 375 346 718 663
Property and other taxes 75 75 156 155
Impairment charges   5 2 5
Total operating expenses 1,256 1,262 2,521 2,571
Gains (Losses) on Sales of Other Assets and Other, net (1)      
Operating Income 353 451 837 886
Other Income and Expenses        
Total other income and expenses 43 41 86 72
Interest Expense 125 117 248 227
(Loss) Income Before Income Taxes 271 375 675 731
Income Tax (Benefit) Expense 37 74 102 137
Net income (attributable to parent) 234 301 573 594
Other Comprehensive Income (Loss), net of tax        
Comprehensive (Loss) Income Attributable to Duke Energy 234 301 573 594
Progress Energy        
Operating Revenues        
Total operating revenues 2,498 2,744 4,920 5,316
Operating Expenses        
Fuel used in electric generation and purchased power/Cost of natural gas 777 988 1,540 1,913
Operation, maintenance and other 589 606 1,143 1,173
Depreciation and amortization 432 426 884 881
Property and other taxes 137 143 272 280
Total operating expenses 1,935 2,163 3,839 4,247
Gains (Losses) on Sales of Other Assets and Other, net 7 (1) 6 (1)
Operating Income 570 580 1,087 1,068
Other Income and Expenses        
Total other income and expenses 33 34 65 65
Interest Expense 199 219 405 438
(Loss) Income Before Income Taxes 404 395 747 695
Income Tax (Benefit) Expense 60 66 120 118
Net (Loss) Income 344 329 627 577
Add: Net Loss Attributable to Noncontrolling Interests 0 (1)   0
Net income (attributable to parent) 344 328 627 577
Other Comprehensive Income (Loss), net of tax        
Pension and OPEB adjustments 1 1 1 2
Net unrealized (losses) gains on cash flow hedges 1 1 2 3
Unrealized (losses) gains on available-for-sale securities (1) 1 0 1
Other Comprehensive Income (Loss), net of tax 1 3 3 6
Comprehensive (Loss) Income 345 332 630 583
Add: Comprehensive Loss Attributable to Noncontrolling Interests   1   0
Comprehensive (Loss) Income Attributable to Duke Energy 345 331 630 583
Duke Energy Progress        
Operating Revenues        
Total operating revenues 1,243 1,387 2,581 2,871
Operating Expenses        
Fuel used in electric generation and purchased power/Cost of natural gas 395 479 800 994
Operation, maintenance and other 317 357 622 692
Depreciation and amortization 257 251 544 541
Property and other taxes 44 41 91 85
Total operating expenses 1,013 1,128 2,057 2,312
Gains (Losses) on Sales of Other Assets and Other, net 6   5  
Operating Income 236 259 529 559
Other Income and Expenses        
Total other income and expenses 19 24 41 48
Interest Expense 68 81 137 158
(Loss) Income Before Income Taxes 187 202 433 449
Income Tax (Benefit) Expense 26 33 68 77
Net income (attributable to parent) 161 169 365 372
Other Comprehensive Income (Loss), net of tax        
Comprehensive (Loss) Income Attributable to Duke Energy 161 169 365 372
Duke Energy Florida        
Operating Revenues        
Total operating revenues 1,250 1,353 2,330 2,439
Operating Expenses        
Fuel used in electric generation and purchased power/Cost of natural gas 382 509 740 919
Operation, maintenance and other 269 244 514 474
Depreciation and amortization 175 175 340 340
Property and other taxes 92 103 180 196
Total operating expenses 918 1,031 1,774 1,929
Gains (Losses) on Sales of Other Assets and Other, net   (1)   (1)
Operating Income 332 321 556 509
Other Income and Expenses        
Total other income and expenses 15 12 25 25
Interest Expense 80 83 164 165
(Loss) Income Before Income Taxes 267 250 417 369
Income Tax (Benefit) Expense 51 49 81 72
Net income (attributable to parent) 216 201 336 297
Other Comprehensive Income (Loss), net of tax        
Unrealized (losses) gains on available-for-sale securities (1)     1
Other Comprehensive Income (Loss), net of tax (1)     1
Comprehensive (Loss) Income Attributable to Duke Energy 215 201 336 298
Duke Energy Ohio        
Operating Revenues        
Regulated electric 330 336 676 691
Regulated natural gas 93 97 245 273
Total operating revenues 423 433 921 964
Operating Expenses        
Operation, maintenance and other 95 123 218 255
Depreciation and amortization 68 66 136 130
Property and other taxes 78 74 161 158
Total operating expenses 324 359 722 786
Operating Income 99 74 199 178
Other Income and Expenses        
Total other income and expenses 4 6 7 15
Interest Expense 25 24 49 54
(Loss) Income Before Income Taxes 78 56 157 139
Income Tax (Benefit) Expense 12 9 26 23
Net income (attributable to parent) 66 47 131 116
Other Comprehensive Income (Loss), net of tax        
Comprehensive (Loss) Income Attributable to Duke Energy 66 47 131 116
Duke Energy Indiana        
Operating Revenues        
Total operating revenues 617 714 1,309 1,482
Operating Expenses        
Fuel used in electric generation and purchased power/Cost of natural gas 161 229 355 486
Operation, maintenance and other 171 188 357 377
Depreciation and amortization 134 132 266 263
Property and other taxes 20 20 42 39
Total operating expenses 486 569 1,020 1,165
Gains (Losses) on Sales of Other Assets and Other, net   3    
Operating Income 131 148 289 317
Other Income and Expenses        
Total other income and expenses 9 8 19 27
Interest Expense 42 28 85 71
(Loss) Income Before Income Taxes 98 128 223 273
Income Tax (Benefit) Expense 17 31 43 66
Net income (attributable to parent) 81 97 180 207
Other Comprehensive Income (Loss), net of tax        
Comprehensive (Loss) Income Attributable to Duke Energy 81 97 180 207
Piedmont Natural Gas        
Operating Revenues        
Total operating revenues 197 209 709 788
Operating Expenses        
Fuel used in electric generation and purchased power/Cost of natural gas 53 65 215 338
Operation, maintenance and other 79 83 159 163
Depreciation and amortization 43 42 88 84
Property and other taxes 12 13 24 25
Total operating expenses 187 203 486 610
Operating Income 10 6 223 178
Other Income and Expenses        
Equity in (losses) earnings of unconsolidated affiliates     4 4
Total other income and expenses 16 6 28 12
Interest Expense 33 21 60 43
(Loss) Income Before Income Taxes (7) (9) 191 147
Income Tax (Benefit) Expense (9) (2) 11 32
Net income (attributable to parent) 2 (7) 180 115
Other Comprehensive Income (Loss), net of tax        
Comprehensive (Loss) Income Attributable to Duke Energy 2 (7) 180 115
Fuel used in electric generation and purchased power        
Operating Expenses        
Fuel used in electric generation and purchased power/Cost of natural gas 1,349 1,641 2,796 3,250
Fuel used in electric generation and purchased power | Duke Energy Ohio        
Operating Expenses        
Fuel used in electric generation and purchased power/Cost of natural gas 77 86 164 179
Cost of natural gas        
Operating Expenses        
Fuel used in electric generation and purchased power/Cost of natural gas 59 76 258 403
Cost of natural gas | Duke Energy Ohio        
Operating Expenses        
Fuel used in electric generation and purchased power/Cost of natural gas $ 6 $ 10 $ 43 $ 64
[1]
Net of income tax impacts of approximately $20 million and $10 million for the six months ended June 30, 2020, and 2019, respectively. All other periods presented include immaterial income tax impacts.