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CONDENSED CONSOLIDATED STATEMENTS OF EQUITY (Unaudited) - USD ($)
$ in Millions
Total
Cumulative Effect, Period of Adoption, Adjustment
Common Stock [Member]
Additional Paid-in Capital [Member]
Earnings Reinvested [Member]
Earnings Reinvested [Member]
Cumulative Effect, Period of Adoption, Adjustment
Accumulated Other Comprehensive Loss [Member]
Treasury Stock, Common
PPL Electric Utilities Corp [Member]
PPL Electric Utilities Corp [Member]
Common Stock [Member]
PPL Electric Utilities Corp [Member]
Additional Paid-in Capital [Member]
PPL Electric Utilities Corp [Member]
Earnings Reinvested [Member]
Louisville Gas And Electric Co [Member]
Louisville Gas And Electric Co [Member]
Common Stock [Member]
Louisville Gas And Electric Co [Member]
Additional Paid-in Capital [Member]
Louisville Gas And Electric Co [Member]
Earnings Reinvested [Member]
Kentucky Utilities Co [Member]
Kentucky Utilities Co [Member]
Common Stock [Member]
Kentucky Utilities Co [Member]
Additional Paid-in Capital [Member]
Kentucky Utilities Co [Member]
Earnings Reinvested [Member]
Dividends Declared Per Share of Common Stock (in dollars per share) $ 1.245                                      
Balance at beginning of period - shares at Dec. 31, 2019     767,233,000 [1]             66,368,000 [2]       21,294,000 [3]       37,818,000 [4]    
Balance at beginning of period at Dec. 31, 2019 $ 12,991   $ 8 $ 12,214 $ 5,127   $ (4,358) $ 0 $ 4,832 $ 364 $ 3,558 $ 910 $ 2,762 $ 424 $ 1,820 $ 518 $ 3,574 $ 308 $ 2,729 $ 537
Common stock shares issued [1]     1,564,000                                  
Common stock issued 48     48                                
Stock-based compensation (2)     (2)                                
Net income (loss) 1,179       1,179       370 [5]     370 191 [6]     191 217 [7]     217
Capital contributions from parent                 740   740   53   53   98   98  
Dividends and dividend equivalents [8] (959)       (959)                              
Dividends declared on common stock                 (323)     (323) (115)     (115) (145)     (145)
Other comprehensive income (loss) 431           431                          
Balance at end of period - shares at Sep. 30, 2020     768,797,000 [1]             66,368,000 [2]       21,294,000 [3]       37,818,000 [4]    
Balance at end of period at Sep. 30, 2020 $ 13,686   $ 8 12,260 5,345   (3,927) 0 4,874 $ 364 3,553 957 2,891 $ 424 1,873 594 3,744 $ 308 2,827 609
Contributions from parent                 740       53       98      
Return of Capital to Parent                 (745)   (745)                  
Dividends Declared Per Share of Common Stock (in dollars per share) $ 0.415                                      
Balance at beginning of period - shares at Jun. 30, 2020     768,783,000             66,368,000 [2]       21,294,000 [3]       37,818,000 [4]    
Balance at beginning of period at Jun. 30, 2020 $ 13,044   $ 8 12,255 5,383   (4,602) 0 4,817 $ 364 3,553 900 2,859 $ 424 1,873 562 3,655 $ 308 2,766 581
Common stock shares issued     14,000                                  
Common stock issued 1     1                                
Stock-based compensation 4     4                                
Net income (loss) 281       281       134 [5]     134 71 [6]     71 84 [7]     84
Capital contributions from parent                 485   485           61   61  
Dividends and dividend equivalents (319)       (319)                              
Dividends declared on common stock                 (77)     (77) (39)     (39) (56)     (56)
Other comprehensive income (loss) 675           675                          
Balance at end of period - shares at Sep. 30, 2020     768,797,000 [1]             66,368,000 [2]       21,294,000 [3]       37,818,000 [4]    
Balance at end of period at Sep. 30, 2020 $ 13,686   $ 8 12,260 5,345   (3,927) 0 4,874 $ 364 3,553 957 $ 2,891 $ 424 1,873 594 $ 3,744 $ 308 2,827 609
Return of Capital to Parent                 $ (485)   (485)                  
Cumulative Effect of New Accounting Principle in Period of Adoption   $ (2)       $ (2)                            
Dividends Declared Per Share of Common Stock (in dollars per share) $ 1.245                                      
Balance at beginning of period - shares at Dec. 31, 2020 768,907,000   768,907,000 [1]           66,368,000 66,368,000 [2]     21,294,000 21,294,000 [3]     37,818,000 37,818,000 [4]    
Balance at beginning of period at Dec. 31, 2020 $ 13,373   $ 8 12,270 5,315   (4,220) 0 $ 5,124 $ 364 3,753 1,007 $ 2,948 $ 424 1,923 601 $ 3,782 $ 308 2,857 617
Common stock shares issued 0   816,000                                  
Common stock issued $ 24     24                                
Treasury stock acquired $ (282)             $ (282)                        
Treasury stock acquired 9,600,000             (9,614,000)                        
Stock-based compensation $ (4)     (4)                                
Net income (loss) (1,614)       (1,614)       335 [5]     335 202 [6]     202 241 [7]     241
Capital contributions from parent                 1,075   1,075   44   44   60   60  
Dividends and dividend equivalents [8] (958)       (958)                              
Dividends declared on common stock                 $ (251)     (251) $ (139)     (139) $ (186)     (186)
Other comprehensive income (loss) $ 4,037           4,037                          
Balance at end of period - shares at Sep. 30, 2021 760,109,000   760,109,000           66,368,000 66,368,000 [2]     21,294,000 21,294,000 [3]     37,818,000 37,818,000 [4]    
Balance at end of period at Sep. 30, 2021 $ 14,576   $ 8 12,290 2,743   (183) $ (282) $ 5,783 $ 364 4,328 1,091 $ 3,055 $ 424 1,967 664 $ 3,897 $ 308 2,917 672
Contributions from parent                 1,075       44       60      
Return of Capital to Parent                 (500)   (500)                  
Dividends Declared Per Share of Common Stock (in dollars per share) $ 0.415                                      
Balance at beginning of period - shares at Jun. 30, 2021     769,564,000             66,368,000 [2]       21,294,000 [3]       37,818,000 [4]    
Balance at beginning of period at Jun. 30, 2021 $ 14,952   $ 8 12,281 2,854   (191) 0 5,882 $ 364 4,503 1,015 3,003 $ 424 1,967 612 3,873 $ 308 2,917 648
Common stock shares issued     159,000                                  
Common stock issued 4     4                                
Treasury stock acquired $ (282)             $ (282)                        
Treasury stock acquired 9,600,000             (9,614,000)                        
Stock-based compensation $ 5     5                                
Net income (loss) 207       207       126 [5]     126 82 [6]     82 99 [7]     99
Capital contributions from parent                 325   325                  
Dividends and dividend equivalents (318)       (318)                              
Dividends declared on common stock                 $ (50)     (50) $ (30)     (30) $ (75)     (75)
Other comprehensive income (loss) $ 8           8                          
Balance at end of period - shares at Sep. 30, 2021 760,109,000   760,109,000           66,368,000 66,368,000 [2]     21,294,000 21,294,000 [3]     37,818,000 37,818,000 [4]    
Balance at end of period at Sep. 30, 2021 $ 14,576   $ 8 $ 12,290 $ 2,743   $ (183) $ (282) $ 5,783 $ 364 4,328 $ 1,091 $ 3,055 $ 424 $ 1,967 $ 664 $ 3,897 $ 308 $ 2,917 $ 672
Return of Capital to Parent                 $ (500)   $ (500)                  
[1] Shares in thousands. Each share entitles the holder to one vote on any question presented at any shareowners' meeting.
[2] Shares in thousands. All common shares of PPL Electric stock are owned by PPL.
[3] Shares in thousands. All common shares of LG&E stock are owned by LKE.
[4] Shares in thousands. All common shares of KU stock are owned by LKE.
[5] Net income equals comprehensive income.
[6] Net income equals comprehensive income.
[7] Net income equals comprehensive income.
[8] Dividends declared per share of common stock were $0.415 and $1.245 for the three and nine months ended September 30, 2021 and September 30, 2020.