Dispositions (Tables)

3 Months Ended

Mar. 31, 2023

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations

The following table presents the carrying values of the major classes of Assets held for sale and Liabilities associated with assets held for sale included in Duke Energy's Consolidated Balance Sheets.

(in millions)	March 31, 2023		December 31, 2022
Current Assets Held for Sale
Cash and cash equivalents	$	12	$	10
Receivables, net	114		107
Inventory	81		88
Other	167		151
Total current assets held for sale	374		356
Noncurrent Assets Held for Sale
Property, Plant and Equipment
Cost	6,334		6,444
Accumulated depreciation and amortization	(1,651)		(1,651)
Net property, plant and equipment	4,683		4,793
Operating lease right-of-use assets, net	142		140
Investments in equity method unconsolidated affiliates	512		522
Other	201		179
Total other noncurrent assets held for sale	855		841
Total Assets Held for Sale	$	5,912	$	5,990
Current Liabilities Associated with Assets Held for Sale
Accounts payable	$	80	$	122
Taxes accrued	9		17
Current maturities of long-term debt	275		276
Other	112		120
Total current liabilities associated with assets held for sale	476		535
Noncurrent Liabilities Associated with Assets Held for Sale
Long-Term debt	1,184		1,188
Operating lease liabilities	150		150
Asset retirement obligations	196		190
Other	401		399
Total other noncurrent liabilities associated with assets held for sale	1,931		1,927
Total Liabilities Associated with Assets Held for Sale	$	2,407	$	2,462

As of March 31, 2023, and December 31, 2022, the noncontrolling interest balance is $1.7 billion and $1.6 billion, respectively.

The following table presents the results of the Commercial Renewables Disposal Groups, which are included in Loss from Discontinued Operations, net of tax in Duke Energy's Consolidated Statements of Operations.

	Three Months Ended
	March 31,
(in millions)	2023		2022
Operating revenues	$	80	$	121
Operation, maintenance and other	89		81
Depreciation and amortization(a)	—		64
Property and other taxes	10		10
Other income and expenses, net	(4)		—
Interest expense	31		19
Loss on disposal	220		—
Loss before income taxes	(274)		(53)
Income tax benefit	(65)		(38)
Loss from discontinued operations	$	(209)	$	(15)
Add: Net loss attributable to noncontrolling interest included in discontinued operations	64		27
Net income from discontinued operations attributable to Duke Energy Corporation	$	(145)	$	12

(a)    Upon meeting the criteria for assets held for sale, beginning in November 2022 depreciation and amortization expense were ceased.

The following table summarizes Duke Energy's cash flows from discontinued operations related to the Commercial Renewables Disposal Groups.

	Three Months Ended
	March 31,
(in millions)	2023		2022
Cash flows provided by (used in):
Operating activities	$	(54)	$	64
Investing activities	(151)		(88)