Segment and Related Information (Tables)

12 Months Ended

Dec. 31, 2023

Segment Reporting [Abstract]

Segment and Related Information

Income Statement data for the segments and reconciliation to PPL's consolidated results for the years ended December 31 are as follows:

	2023		2022		2021
Operating Revenues from external customers (a)
Kentucky Regulated	$	3,452	$	3,811	$	3,348
Pennsylvania Regulated	3,008		3,030		2,402
Rhode Island Regulated	1,851		1,038		—
Corporate and Other	1		23		33
Total	$	8,312	$	7,902	$	5,783
Depreciation
Kentucky Regulated	$	696	$	685	$	647
Pennsylvania Regulated	397		393		424
Rhode Island Regulated	156		92		—
Corporate and Other	5		11		11
Total	$	1,254	$	1,181	$	1,082
Amortization (b)
Kentucky Regulated	$	33	$	23	$	15
Pennsylvania Regulated	41		22		19
Rhode Island Regulated	1		2		—
Corporate and Other	6		5		5
Total	$	81	$	52	$	39

	2023		2022		2021
Interest Expense
Kentucky Regulated	$	235	$	205	$	196
Pennsylvania Regulated	223		171		162
Rhode Island Regulated	83		39		—
Corporate and Other (c)	125		98		560
Total	$	666	$	513	$	918
Income Before Income Taxes
Kentucky Regulated	$	689	$	678	$	615
Pennsylvania Regulated	687		699		599
Rhode Island Regulated	112		(58)		—
Corporate and Other	(564)		(404)		(693)
Total	$	924	$	915	$	521
Income Taxes (d)
Kentucky Regulated	$	137	$	129	$	107
Pennsylvania Regulated	168		174		154
Rhode Island Regulated	16		(14)		—
Corporate and Other	(137)		(88)		242
Total	$	184	$	201	$	503
Deferred income taxes and investment tax credits (e)
Kentucky Regulated	$	(17)	$	6	$	272
Pennsylvania Regulated	46		91		79
Rhode Island Regulated	48		39		—
Corporate and Other	245		43		(264)
Total	$	322	$	179	$	87
Net Income
Kentucky Regulated	$	552	$	549	$	508
Pennsylvania Regulated	519		525		445
Rhode Island Regulated	96		(44)		—
Corporate and Other (c)	(427)		(316)		(935)
Discontinued Operations	—		42		(1,498)
Total	$	740	$	756	$	(1,480)

(a)See Note 1 and Note 3 for additional information on Operating Revenues.

(b)Represents non-cash expense items that include amortization of operating lease right-of-use assets, regulatory assets and liabilities, debt discounts and premiums and debt issuance costs.

(c)2021 includes losses from the extinguishment of PPL Capital Funding debt. See Note 8 for additional information.

(d)Represents both current and deferred income taxes, including investment tax credits.

(e)Represents a non-cash expense item that is also included in "Income Taxes."

Cash Flow data for the segments and reconciliation to PPL's consolidated results for the years ended December 31 are as follows:

	2023		2022		2021
Expenditures for long-lived assets
Kentucky Regulated	$	950	$	917	$	1,026
Pennsylvania Regulated	956		889		904
Rhode Island Regulated	454		268		—
Corporate and Other	30		84		49
Total	$	2,390	$	2,158	$	1,979

The following provides Balance Sheet data for the segments and reconciliation to PPL's consolidated results as of:

	As of December 31,
	2023		2022
Total Assets
Kentucky Regulated	$	17,029	$	16,904
Pennsylvania Regulated	14,294		13,565
Rhode Island Regulated	6,515		6,081
Corporate and Other (a)	1,398		1,287
Total	$	39,236	$	37,837

(a)Primarily consists of unallocated items, including cash, PP&E, goodwill, and the elimination of inter-segment transactions.