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Condensed Consolidated Balance Sheets - Piedmont - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Current Assets    
Receivables of VIEs (net of allowance for doubtful accounts) $ 2,253 $ 3,019
Inventory 4,281 4,292
Regulatory assets 3,082 3,648
Other (includes amounts related to VIEs) 359 431
Total current assets 12,091 12,769
Property, Plant and Equipment    
Cost 173,926 171,353
Accumulated depreciation and amortization (57,035) (56,038)
Net property, plant and equipment 116,891 115,315
Other Noncurrent Assets    
Goodwill 19,303 19,303
Regulatory assets 13,636 13,618
Operating lease right-of-use assets, net 1,092 1,092
Investments in equity method unconsolidated affiliates 502 492
Other 4,072 3,964
Total other noncurrent assets 49,688 48,809
Total Assets 178,670 176,893
Current Liabilities    
Accounts payable 3,364 4,228
Taxes accrued 708 816
Interest accrued 798 745
Current maturities of long-term debt 2,274 2,800
Regulatory liabilities 1,309 1,369
Other 2,084 2,319
Total current liabilities 15,546 17,283
Long-Term Debt (includes amounts related to VIEs) 74,979 72,452
Other Noncurrent Liabilities    
Deferred income taxes 10,721 10,556
Asset retirement obligations 8,487 8,560
Regulatory liabilities 14,571 14,039
Operating lease liabilities 915 917
Accrued pension and other post-retirement benefit costs 473 485
Other 1,352 1,393
Total other noncurrent liabilities 37,507 36,971
Commitments and Contingencies
Equity    
Common stock 1 1
Retained earnings 2,542 2,235
Total Duke Energy Corporation stockholders' equity 49,551 49,112
Noncontrolling interests 1,087 1,075
Total equity 50,638 50,187
Total Liabilities and Equity 178,670 176,893
Piedmont    
Current Assets    
Receivables of VIEs (net of allowance for doubtful accounts) 297 311
Inventory 65 112
Regulatory assets 131 161
Other (includes amounts related to VIEs) 9 7
Total current assets 514 601
Property, Plant and Equipment    
Cost 12,157 11,908
Accumulated depreciation and amortization (2,296) (2,259)
Net property, plant and equipment 9,861 9,649
Other Noncurrent Assets    
Goodwill 49 49
Regulatory assets 403 410
Operating lease right-of-use assets, net 5 4
Investments in equity method unconsolidated affiliates 78 78
Other 282 276
Total other noncurrent assets 817 817
Total Assets 11,192 11,067
Current Liabilities    
Accounts payable 246 315
Taxes accrued 101 89
Interest accrued 48 39
Current maturities of long-term debt 40 40
Regulatory liabilities 88 98
Other 64 77
Total current liabilities 1,151 1,250
Long-Term Debt (includes amounts related to VIEs) 3,629 3,628
Other Noncurrent Liabilities    
Deferred income taxes 930 933
Asset retirement obligations 26 26
Regulatory liabilities 973 988
Operating lease liabilities 10 10
Accrued pension and other post-retirement benefit costs 7 8
Other 168 172
Total other noncurrent liabilities 2,114 2,137
Commitments and Contingencies
Equity    
Common stock 1,635 1,635
Retained earnings 2,662 2,416
Total Duke Energy Corporation stockholders' equity 4,297 4,051
Noncontrolling interests 1 1
Total equity 4,298 4,052
Total Liabilities and Equity 11,192 11,067
Piedmont | Affiliated Entity    
Current Assets    
Receivables of VIEs (net of allowance for doubtful accounts) 12 10
Current Liabilities    
Accounts payable 56 54
Notes payable to affiliated companies $ 508 $ 538