XML 113 R65.htm IDEA: XBRL DOCUMENT v2.4.0.6
Income and Other Taxes (Deferred Tax Assets and Liabilities and Loss Carryforwards) (Details) (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Income (Loss) from Continuing Operations (Details) [Abstract]      
Domestic income $ 994 $ 1,715 $ 952
Foreign income 1,088 486 287
Income from Continuing Operations Before Income Taxes 2,082 2,201 1,239
Deferred Tax Assets      
Deferred investment tax credits 130 113  
Regulatory obligations 124 149  
Accrued pension costs 276 325  
Federal loss carryforwards 524 305  
State loss carryforwards 305 272  
Federal and state tax credit carryforwards 287 240  
Foreign capital loss carryforwards 525 578  
Foreign loss carryforwards 6 7  
Foreign - pensions 254 74  
Foreign - regulatory obligations 27 67  
Foreign - other 16 21  
Contributions in aid of construction 134 133  
Domestic - other 239 229  
Valuation allowances (706) (724)  
Total deferred tax assets 2,141 1,789  
Deferred Tax Liabilities      
Domestic plant - net 3,967 3,465  
Taxes recoverable through future rates 141 137  
Unrealized gain on qualifying derivatives 122 331  
Regulatory assets 319 234  
Reacquired debt costs 40 93  
Foreign plant - net 937 975  
Foreign - other    22  
Domestic - other 66 103  
Total deferred tax liabilities 5,592 5,360  
Net deferred tax liability 3,451 3,571  
Federal [Member]
     
Loss carryforwards      
Net operating losses 1,481    
Charitable contributions 19    
Expiration - operating losses 2028-2032    
Expiration - charitable contributions 2016-2017    
State [Member]
     
Loss carryforwards      
Net operating losses 5,099    
Capital losses 138    
Expiration - operating losses 2013-2032    
Expiration - capital losses 2013-2016    
Foreign [Member]
     
Loss carryforwards      
Net operating losses 27    
Capital losses 2,282    
Expiration - operating losses Indefinite    
Expiration - capital losses Indefinite    
PPL Energy Supply LLC [Member]
     
Income (Loss) from Continuing Operations (Details) [Abstract]      
Income from Continuing Operations Before Income Taxes 738 1,212 881
Deferred Tax Assets      
Deferred investment tax credits 75 55  
Accrued pension costs 94 100  
Federal loss carryforwards 51 1  
State loss carryforwards 79 78  
Federal and state tax credit carryforwards 113 58  
Domestic - other 68 80  
Valuation allowances (74) (72)  
Total deferred tax assets 406 300  
Deferred Tax Liabilities      
Domestic plant - net 1,579 1,407  
Unrealized gain on qualifying derivatives 173 380  
Domestic - other 44 51  
Total deferred tax liabilities 1,796 1,838  
Net deferred tax liability 1,390 1,538  
PPL Energy Supply LLC [Member] | Federal [Member]
     
Loss carryforwards      
Net operating losses 143    
Charitable contributions 3    
Expiration - operating losses 2031-2032    
Expiration - charitable contributions 2016    
PPL Energy Supply LLC [Member] | State [Member]
     
Loss carryforwards      
Net operating losses 1,202    
Expiration - operating losses 2013-2032    
PPL Electric Utilities Corp [Member]
     
Income (Loss) from Continuing Operations (Details) [Abstract]      
Income from Continuing Operations Before Income Taxes 204 257 192
Deferred Tax Assets      
Regulatory obligations 24 28  
Accrued pension costs 81 93  
Federal loss carryforwards 81 3  
State loss carryforwards 39 26  
Contributions in aid of construction 106 104  
Domestic - other 46 29  
Total deferred tax assets 377 283  
Deferred Tax Liabilities      
Domestic plant - net 1,229 1,078  
Taxes recoverable through future rates 122 120  
Regulatory assets 174 127  
Reacquired debt costs 27 32  
Domestic - other 12 16  
Total deferred tax liabilities 1,564 1,373  
Net deferred tax liability 1,187 1,090  
PPL Electric Utilities Corp [Member] | Federal [Member]
     
Loss carryforwards      
Net operating losses 229    
Charitable contributions 2    
Expiration - operating losses 2031-2032    
Expiration - charitable contributions 2016    
PPL Electric Utilities Corp [Member] | State [Member]
     
Loss carryforwards      
Net operating losses 597    
Expiration - operating losses 2030-2032    
LG And E And KU Energy LLC [Member]
     
Deferred Tax Assets      
Deferred investment tax credits 54 56  
Regulatory obligations 99 124  
Accrued pension costs 42 67  
State capital loss carryforward 5 5  
Federal loss carryforwards 376 318  
Income taxes due to customers 26 30  
Federal and state tax credit carryforwards 170 170  
Domestic - other 41 30  
Valuation allowances (5) (5)  
Total deferred tax assets 808 795  
Deferred Tax Liabilities      
Domestic plant - net 1,171 986  
Regulatory assets 152 180  
Domestic - other 13 25  
Total deferred tax liabilities 1,336 1,191  
Net deferred tax liability 528 396  
LG And E And KU Energy LLC [Member] | Federal [Member]
     
Loss carryforwards      
Net operating losses 948    
Expiration - operating losses 2028-2032    
LG And E And KU Energy LLC [Member] | State [Member]
     
Loss carryforwards      
Net operating losses 1,173    
Capital losses 119    
Expiration - operating losses 2028-2032    
Expiration - capital losses 2013-2016    
Louisville Gas And Electric Co [Member]
     
Deferred Tax Assets      
Deferred investment tax credits 16 17  
Regulatory obligations 54 65  
Income taxes due to customers 21 23  
Domestic - other 9 10  
Total deferred tax assets 100 115  
Deferred Tax Liabilities      
Domestic plant - net 526 462  
Regulatory assets 86 98  
Accrued pension costs 27 19  
Domestic - other 9 9  
Total deferred tax liabilities 648 588  
Net deferred tax liability 548 473  
Louisville Gas And Electric Co [Member] | State [Member]
     
Loss carryforwards      
Net operating losses 22    
Expiration - operating losses 2030    
Kentucky Utilities Co [Member]
     
Deferred Tax Assets      
Deferred investment tax credits 38 39  
Regulatory obligations 45 58  
Accrued pension costs (5) 9  
Federal loss carryforwards 20     
Income taxes due to customers 5 7  
Domestic - other 7 6  
Total deferred tax assets 110 119  
Deferred Tax Liabilities      
Domestic plant - net 623 500  
Regulatory assets 65 82  
Domestic - other 5 16  
Total deferred tax liabilities 693 598  
Net deferred tax liability 583 479  
Kentucky Utilities Co [Member] | Federal [Member]
     
Loss carryforwards      
Net operating losses $ 56    
Expiration - operating losses 2032