XML 84 R28.htm IDEA: XBRL DOCUMENT v3.20.4
Severance
12 Months Ended
Dec. 31, 2020
Restructuring and Related Activities [Abstract]  
Severance SEVERANCE
During 2020, as a result of partial settlements between Duke Energy Carolinas, Duke Energy Progress and the Public Staff, Duke Energy Carolinas and Duke Energy Progress deferred as Regulatory assets on the Consolidated Balance Sheets, approximately $65 million and $33 million, respectively, of previously recorded severance charges within Operation, maintenance and other on the Consolidated Statements of Operations. These severance charges were previously recorded during 2018, as Duke Energy reviewed its operations and identified opportunities for improvement to better serve its customers. This operational review included the company's workforce strategy and staffing levels to ensure the company was staffed with the right skill sets and number of teammates to execute the long-term vision for Duke Energy. As such, Duke Energy extended voluntary and involuntary severance benefits to certain employees in specific areas as a part of workforce planning and digital transformation efforts. See Note 3 for more information.
The following table presents the direct and allocated severance and related charges accrued for approximately 30 employees in 2020, 140 employees in 2019, and 1,900 employees in 2018, by the Duke Energy Registrants within Operation, maintenance and other on the Consolidated Statements of Operations.
DukeDukeDukeDukeDuke
DukeEnergyProgressEnergyEnergyEnergyEnergy
(in millions)EnergyCarolinasEnergyProgressFloridaOhioIndianaPiedmont
Year Ended December 31, 2020(a)(b)
$(85)$(58)$(28)$(31)$3 $ $ $ 
Year Ended December 31, 201916 — 
Year Ended December 31, 2018187 102 69 52 17 
(a)    Includes unamortized deferred severance charges of approximately $(86) million, $(57) million, $(29) million and $(29) million for Duke Energy, Duke Energy Carolinas, Progress Energy and Duke Energy Progress, respectively.
(b)    Includes adjustments associated with 2018 severance charges of approximately $(6) million, $(2) million, $(3) million and $(2) million for Duke Energy, Duke Energy Carolinas, Progress Energy and Duke Energy Progress, respectively.
The table below presents the severance liability for past and ongoing severance plans including the plans described above.
DukeDukeDuke
Duke
Duke
DukeEnergyProgressEnergyEnergyEnergyEnergy
(in millions)Energy
Carolinas
EnergyProgressFloridaOhioIndianaPiedmont
Balance at December 31, 2019$41 $11 $13 $$$$$— 
Provision/Adjustments1   (2)2 (1)  
Cash Reductions(31)(9)(10)(3)(7) (1) 
Balance at December 31, 2020$11 $2 $3 $1 $2 $ $1 $