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Condensed Consolidated Statements of Operations and Comprehensive Income - Progress Energy - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating Revenues $ 7,671 $ 7,276
Operating Expenses    
Operation, maintenance and other 1,379 1,310
Depreciation and amortization 1,387 1,227
Property and other taxes 386 389
Impairment of assets and other charges 1 8
Total operating expenses 5,720 5,609
Gains on Sales of Other Assets and Other, net 12 7
Operating Income 1,963 1,674
Other Income and Expenses, net 186 171
Interest Expense 817 720
Income From Continuing Operations Before Income Taxes 1,332 1,125
Income Tax Expense From Continuing Operations 178 155
Net Income Attributable to Duke Energy Corporation 1,138 804
Unrealized gains on available-for-sale securities [1] (2) 6
Other Comprehensive Income (Loss), net of tax [1] 115 (26)
Comprehensive Income 1,266 735
Progress Energy    
Operating Revenues 3,228 3,048
Operating Expenses    
Cost of sales 1,143 1,191
Operation, maintenance and other 628 568
Depreciation and amortization 587 504
Property and other taxes 158 168
Impairment of assets and other charges 0 5
Total operating expenses 2,516 2,436
Gains on Sales of Other Assets and Other, net 7 6
Operating Income 719 618
Other Income and Expenses, net 62 59
Interest Expense 260 246
Income From Continuing Operations Before Income Taxes 521 431
Income Tax Expense From Continuing Operations 86 72
Net Income Attributable to Duke Energy Corporation 435 359
Unrealized gains on available-for-sale securities 0 2
Other Comprehensive Income (Loss), net of tax 0 2
Comprehensive Income $ 435 $ 361
[1] Net of income tax expense of approximately $34 million and tax benefit of $8 million for the three months ended March 31, 2024, and 2023, respectively.