v3.3.0.814

Derivatives and Hedging (Tables) | 9 Months Ended
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Sep. 30, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Notional Amounts of Outstanding Derivative Positions | The following table shows notional amounts for derivatives related to interest rate risk.
| September 30, 2015 |  | December 31, 2014
|  |  |  |  | Duke |  |  | Duke |  |  | Duke |  |  |  |  |  |  | Duke |  |  | Duke |
| Duke |  |  | Progress |  |  | Energy |  |  | Energy |  |  | Energy |  |  | Duke |  |  | Progress |  |  | Energy |  |  | Energy |
(in millions) | Energy |  |  | Energy |  |  | Progress |  |  | Florida |  |  | Ohio |  |  | Energy |  |  | Energy |  |  | Florida |  |  | Ohio |
Cash flow hedges(a) | $ | 714 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 750 |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Undesignated contracts(b) | 527 |  |  | 500 |  |  | 250 |  |  | 250 |  |  | 27 |  |  | 277 |  |  | 250 |  |  | 250 |  |  | 27 |
Total notional amount | $ | 1,241 |  |  | $ | 500 |  |  | $ | 250 |  |  | $ | 250 |  |  | $ | 27 |  |  | $ | 1,027 |  |  | $ | 250 |  |  | $ | 250 |  |  | $ | 27 |
(a) | Duke Energy includes amounts related to consolidated Variable Interest Entities (VIEs) of $509 million and $541 million at September 30, 2015 and December 31, 2014, respectively.
(b) | In January 2015, Duke Energy Progress executed fixed-to-floating rate swaps. The swaps were issued to economically convert $250 million of fixed rate first mortgage bonds due September 15, 2021, to floating rate with an initial rate of approximately 1.75 percent.
The tables below show information relating to volumes of outstanding commodity derivatives. Amounts disclosed represent the absolute value of notional volumes of commodity contracts excluding NPNS. The Duke Energy Registrants have netted contractual amounts where offsetting purchase and sale contracts exist with identical delivery locations and times of delivery. Where all commodity positions are perfectly offset, no quantities are shown.
| September 30, 2015
|  |  | Duke |  |  |  |  | Duke |  |  | Duke |  |  | Duke |  |  | Duke |
| Duke |  |  | Energy |  |  | Progress |  |  | Energy |  |  | Energy |  |  | Energy |  |  | Energy |
| Energy |  |  | Carolinas |  |  | Energy |  |  | Progress |  |  | Florida |  |  | Ohio |  |  | Indiana |
Electricity (gigawatt-hours) | 76 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 3 |  |  | 39 |
Natural gas (millions of decatherms) | 389 |  |  | 61 |  |  | 328 |  |  | 110 |  |  | 218 |  |  | — |  |  | — |
| December 31, 2014
|  |  | Duke |  |  |  |  | Duke |  |  | Duke |  |  | Duke |  |  | Duke |
| Duke |  |  | Energy |  |  | Progress |  |  | Energy |  |  | Energy |  |  | Energy |  |  | Energy |
| Energy |  |  | Carolinas |  |  | Energy |  |  | Progress |  |  | Florida |  |  | Ohio |  |  | Indiana |
Electricity (gigawatt-hours)(a)(b) | 25,370 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 19,141 |  |  | — |
Natural gas (millions of decatherms)(a) | 676 |  |  | 35 |  |  | 328 |  |  | 116 |  |  | 212 |  |  | 313 |  |  | — |
(a) | Amounts at Duke Energy Ohio include volumes related to the nonregulated Midwest generation business sold during the second quarter of 2015. Refer to Note 2 for further information on the sale.
(b) | Amounts at Duke Energy Ohio include intercompany positions that eliminate at Duke Energy.
Location And Fair Value Of Derivatives Recognized in the Condensed Consolidated Balance Sheets | The following tables show the fair value of derivatives and the line items in the Condensed Consolidated Balance Sheets where they are reported. Although derivatives subject to master netting arrangements are netted on the Condensed Consolidated Balance Sheets, the fair values presented below are shown gross and cash collateral on the derivatives has not been netted against the fair values shown.
Derivative Assets |  | September 30, 2015
|  |  |  | Duke |  |  |  |  | Duke |  |  | Duke |  |  | Duke |  |  | Duke |
|  | Duke |  |  | Energy |  |  | Progress |  |  | Energy |  |  | Energy |  |  | Energy |  |  | Energy |
(in millions) |  | Energy |  |  | Carolinas |  |  | Energy |  |  | Progress |  |  | Florida |  |  | Ohio |  |  | Indiana |
Commodity Contracts |  |  |  |  |  |  |  |  |  |  |  |  |  |
Designated as Hedging Instruments |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current Assets: Other |  | $ | 1 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Not Designated as Hedging Instruments |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current Assets: Other |  | 17 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 4 |  |  | 12 |
Current Liabilities: Other |  | 2 |  |  | — |  |  | 1 |  |  | — |  |  | 1 |  |  | — |  |  | — |
Deferred Credits and Other Liabilities: Other |  | 2 |  |  | — |  |  | 2 |  |  | — |  |  | 2 |  |  | — |  |  | — |
Total Derivative Assets – Commodity Contracts |  | $ | 22 |  |  | $ | — |  |  | $ | 3 |  |  | $ | — |  |  | $ | 3 |  |  | $ | 4 |  |  | $ | 12 |
Interest Rate Contracts |  |  |  |  |  |  |  |  |  |  |  |  |  |
Designated as Hedging Instruments |  |  |  |  |  |  |  |  |  |  |  |  |  |
Investments and Other Assets: Other |  | $ | 1 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Not Designated as Hedging Instruments |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current Assets: Other |  | 6 |  |  | — |  |  | 6 |  |  | 2 |  |  | 4 |  |  | — |  |  | — |
Investments and Other Assets: Other |  | 4 |  |  | — |  |  | 4 |  |  | — |  |  | 4 |  |  | — |  |  | — |
Total Derivative Assets – Interest Rate Contracts |  | $ | 11 |  |  | $ | — |  |  | $ | 10 |  |  | $ | 2 |  |  | $ | 8 |  |  | $ | — |  |  | $ | — |
Total Derivative Assets |  | $ | 33 |  |  | $ | — |  |  | $ | 13 |  |  | $ | 2 |  |  | $ | 11 |  |  | $ | 4 |  |  | $ | 12 |
Derivative Liabilities |  | September 30, 2015
|  |  |  | Duke |  |  |  |  | Duke |  |  | Duke |  |  | Duke |  |  | Duke |
|  | Duke |  |  | Energy |  |  | Progress |  |  | Energy |  |  | Energy |  |  | Energy |  |  | Energy |
(in millions) |  | Energy |  |  | Carolinas |  |  | Energy |  |  | Progress |  |  | Florida |  |  | Ohio |  |  | Indiana |
Commodity Contracts |  |  |  |  |  |  |  |  |  |  |  |  |  |
Designated as Hedging Instruments |  |  |  |  |  |  |  |  |  |  |  |  |  |
Not Designated as Hedging Instruments |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current Liabilities: Other |  | $ | 242 |  |  | $ | 25 |  |  | $ | 215 |  |  | $ | 77 |  |  | $ | 138 |  |  | $ | — |  |  | $ | — |
Deferred Credits and Other Liabilities: Other |  | 100 |  |  | 8 |  |  | 91 |  |  | 16 |  |  | 71 |  |  | — |  |  | — |
Total Derivative Liabilities – Commodity Contracts |  | $ | 342 |  |  | $ | 33 |  |  | $ | 306 |  |  | $ | 93 |  |  | $ | 209 |  |  | $ | — |  |  | $ | — |
Interest Rate Contracts |  |  |  |  |  |  |  |  |  |  |  |  |  |
Designated as Hedging Instruments |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current Liabilities: Other |  | $ | 14 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Deferred Credits and Other Liabilities: Other |  | 41 |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  | — |
Not Designated as Hedging Instruments |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current Liabilities: Other |  | 1 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1 |  |  | — |
Deferred Credits and Other Liabilities: Other |  | 8 |  |  | — |  |  | 3 |  |  | 2 |  |  | — |  |  | 6 |  |  | — |
Total Derivative Liabilities – Interest Rate Contracts |  | $ | 64 |  |  | $ | — |  |  | $ | 3 |  |  | $ | 2 |  |  | $ | — |  |  | $ | 7 |  |  | $ | — |
Total Derivative Liabilities |  | $ | 406 |  |  | $ | 33 |  |  | $ | 309 |  |  | $ | 95 |  |  | $ | 209 |  |  | $ | 7 |  |  | $ | — |
Derivative Assets |  | December 31, 2014
|  |  |  | Duke |  |  |  |  | Duke |  |  | Duke |  |  | Duke |  |  | Duke |
|  | Duke |  |  | Energy |  |  | Progress |  |  | Energy |  |  | Energy |  |  | Energy |  |  | Energy |
(in millions) |  | Energy |  |  | Carolinas |  |  | Energy |  |  | Progress |  |  | Florida |  |  | Ohio |  |  | Indiana |
Commodity Contracts |  |  |  |  |  |  |  |  |  |  |  |  |  |
Not Designated as Hedging Instruments |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current Assets: Other |  | $ | 18 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1 |  |  | $ | 14 |
Current Assets: Assets held for sale |  | 15 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 28 |  |  | — |
Investments and Other Assets: Other |  | 3 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Investments and Other Assets: Assets held for sale |  | 15 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 26 |  |  | — |
Current Liabilities: Other |  | 1 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Current Liabilities: Assets held for sale |  | 174 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 175 |  |  | — |
Deferred Credits and Other Liabilities: Other |  | 2 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Deferred Credits and Other Liabilities: Assets held for sale |  | 111 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 111 |  |  | — |
Total Derivative Assets – Commodity Contracts |  | $ | 339 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 341 |  |  | $ | 14 |
Interest Rate Contracts |  |  |  |  |  |  |  |  |  |  |  |  |  |
Designated as Hedging Instruments |  |  |  |  |  |  |  |  |  |  |  |  |  |
Investments and Other Assets: Other |  | 10 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Not Designated as Hedging Instruments |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current Assets: Other |  | 2 |  |  | — |  |  | 2 |  |  | — |  |  | 2 |  |  | — |  |  | — |
Total Derivative Assets – Interest Rate Contracts |  | $ | 12 |  |  | $ | — |  |  | $ | 2 |  |  | $ | — |  |  | $ | 2 |  |  | $ | — |  |  | $ | — |
Total Derivative Assets |  | $ | 351 |  |  | $ | — |  |  | $ | 2 |  |  | $ | — |  |  | $ | 2 |  |  | $ | 341 |  |  | $ | 14 |
Derivative Liabilities |  | December 31, 2014
|  |  |  | Duke |  |  |  |  | Duke |  |  | Duke |  |  | Duke |  |  | Duke |
|  | Duke |  |  | Energy |  |  | Progress |  |  | Energy |  |  | Energy |  |  | Energy |  |  | Energy |
(in millions) |  | Energy |  |  | Carolinas |  |  | Energy |  |  | Progress |  |  | Florida |  |  | Ohio |  |  | Indiana |
Commodity Contracts |  |  |  |  |  |  |  |  |  |  |  |  |  |
Designated as Hedging Instruments |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current Liabilities: Other |  | $ | — |  |  | $ | — |  |  | $ | 1 |  |  | $ | 1 |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Not Designated as Hedging Instruments |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current Assets: Assets held for sale |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 4 |  |  | — |
Investments and Other Assets: Assets held for sale |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 4 |  |  | — |
Current Liabilities: Other |  | 307 |  |  | 14 |  |  | 288 |  |  | 108 |  |  | 180 |  |  | — |  |  | — |
Current Liabilities: Assets held for sale |  | 253 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 252 |  |  | — |
Deferred Credits and Other Liabilities: Other |  | 91 |  |  | 5 |  |  | 80 |  |  | 23 |  |  | 57 |  |  | — |  |  | — |
Deferred Credits and Other Liabilities: Assets held for sale |  | 208 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 207 |  |  | — |
Total Derivative Liabilities – Commodity Contracts |  | $ | 859 |  |  | $ | 19 |  |  | $ | 369 |  |  | $ | 132 |  |  | $ | 237 |  |  | $ | 467 |  |  | $ | — |
Interest Rate Contracts |  |  |  |  |  |  |  |  |  |  |  |  |  |
Designated as Hedging Instruments |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current Liabilities: Other |  | $ | 13 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Deferred Credits and Other Liabilities: Other |  | 29 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Not Designated as Hedging Instruments |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current Liabilities: Other |  | 1 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1 |  |  | — |
Deferred Credits and Other Liabilities: Other |  | 7 |  |  | — |  |  | 2 |  |  | — |  |  | 2 |  |  | 5 |  |  | — |
Total Derivative Liabilities – Interest Rate Contracts |  | $ | 50 |  |  | $ | — |  |  | $ | 2 |  |  | $ | — |  |  | $ | 2 |  |  | $ | 6 |  |  | $ | — |
Total Derivative Liabilities |  | $ | 909 |  |  | $ | 19 |  |  | $ | 371 |  |  | $ | 132 |  |  | $ | 239 |  |  | $ | 473 |  |  | $ | — |
Offsetting Assets |
Derivative Assets |  | December 31, 2014
|  |  |  | Duke |  |  |  |  | Duke |  |  | Duke |  |  | Duke |  |  | Duke |
|  | Duke |  |  | Energy |  |  | Progress |  |  | Energy |  |  | Energy |  |  | Energy |  |  | Energy |
(in millions) |  | Energy |  |  | Carolinas |  |  | Energy |  |  | Progress |  |  | Florida |  |  | Ohio |  |  | Indiana |
Current |  |  |  |  |  |  |  |  |  |  |  |  |  |
Gross amounts recognized |  | $ | 210 |  |  | $ | — |  |  | $ | 2 |  |  | $ | — |  |  | $ | 2 |  |  | $ | 204 |  |  | $ | 14 |
Gross amounts offset |  | (153 | ) |  | — |  |  | (2 | ) |  | — |  |  | (2 | ) |  | (179 | ) |  | — |
Net amounts subject to master netting |  | 57 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 25 |  |  | 14 |
Amounts not subject to master netting |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net amounts recognized on the Condensed Consolidated Balance Sheet |  | $ | 57 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 25 |  |  | $ | 14 |
Non-Current |  |  |  |  |  |  |  |  |  |  |  |  |  |
Gross amounts recognized |  | $ | 136 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 137 |  |  | $ | — |
Gross amounts offset |  | (88 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (114 | ) |  | — |
Net amounts subject to master netting |  | 48 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 23 |  |  | — |
Amounts not subject to master netting |  | 5 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net amounts recognized on the Condensed Consolidated Balance Sheet |  | $ | 53 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 23 |  |  | $ | — |
The following tables show the balance sheet location of derivative contracts subject to enforceable master netting agreements and include collateral posted to offset the net position. This disclosure is intended to enable users to evaluate the effect of netting arrangements on financial position. The amounts shown were calculated by counterparty. Accounts receivable or accounts payable may also be available to offset exposures in the event of bankruptcy. These amounts are not included in the tables below.
Derivative Assets |  | September 30, 2015
|  |  |  | Duke |  |  |  |  | Duke |  |  | Duke |  |  | Duke |  |  | Duke |
|  | Duke |  |  | Energy |  |  | Progress |  |  | Energy |  |  | Energy |  |  | Energy |  |  | Energy |
(in millions) |  | Energy |  |  | Carolinas |  |  | Energy |  |  | Progress |  |  | Florida |  |  | Ohio |  |  | Indiana |
Current |  |  |  |  |  |  |  |  |  |  |  |  |  |
Gross amounts recognized |  | $ | 26 |  |  | $ | — |  |  | $ | 7 |  |  | $ | 2 |  |  | $ | 5 |  |  | $ | 4 |  |  | $ | 12 |
Gross amounts offset |  | (2 | ) |  | — |  |  | (1 | ) |  | — |  |  | (1 | ) |  | — |  |  | — |
Net amounts subject to master netting |  | 24 |  |  | — |  |  | 6 |  |  | 2 |  |  | 4 |  |  | 4 |  |  | 12 |
Amounts not subject to master netting |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net amounts recognized on the Condensed Consolidated Balance Sheet |  | $ | 24 |  |  | $ | — |  |  | $ | 6 |  |  | $ | 2 |  |  | $ | 4 |  |  | $ | 4 |  |  | $ | 12 |
Non-Current |  |  |  |  |  |  |  |  |  |  |  |  |  |
Gross amounts recognized |  | $ | 7 |  |  | $ | — |  |  | $ | 6 |  |  | $ | — |  |  | $ | 6 |  |  | $ | — |  |  | $ | — |
Gross amounts offset |  | (2 | ) |  | — |  |  | (2 | ) |  | — |  |  | (2 | ) |  | — |  |  | — |
Net amounts subject to master netting |  | 5 |  |  | — |  |  | 4 |  |  | — |  |  | 4 |  |  | — |  |  | — |
Amounts not subject to master netting |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net amounts recognized on the Condensed Consolidated Balance Sheet |  | $ | 5 |  |  | $ | — |  |  | $ | 4 |  |  | $ | — |  |  | $ | 4 |  |  | $ | — |  |  | $ | — |
Offsetting Liabilities |
Derivative Liabilities |  | December 31, 2014
|  |  |  | Duke |  |  |  |  | Duke |  |  | Duke |  |  | Duke |  |  | Duke |
|  | Duke |  |  | Energy |  |  | Progress |  |  | Energy |  |  | Energy |  |  | Energy |  |  | Energy |
(in millions) |  | Energy |  |  | Carolinas |  |  | Energy |  |  | Progress |  |  | Florida |  |  | Ohio |  |  | Indiana |
Current |  |  |  |  |  |  |  |  |  |  |  |  |  |
Gross amounts recognized |  | $ | 573 |  |  | $ | 14 |  |  | $ | 289 |  |  | $ | 109 |  |  | $ | 180 |  |  | $ | 257 |  |  | $ | — |
Gross amounts offset |  | (213 | ) |  | — |  |  | (17 | ) |  | — |  |  | (17 | ) |  | (222 | ) |  | — |
Net amounts subject to master netting |  | 360 |  |  | 14 |  |  | 272 |  |  | 109 |  |  | 163 |  |  | 35 |  |  | — |
Amounts not subject to master netting |  | 1 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net amounts recognized on the Condensed Consolidated Balance Sheet |  | $ | 361 |  |  | $ | 14 |  |  | $ | 272 |  |  | $ | 109 |  |  | $ | 163 |  |  | $ | 35 |  |  | $ | — |
Non-Current |  |  |  |  |  |  |  |  |  |  |  |  |  |
Gross amounts recognized |  | $ | 319 |  |  | $ | 5 |  |  | $ | 82 |  |  | $ | 23 |  |  | $ | 59 |  |  | $ | 216 |  |  | $ | — |
Gross amounts offset |  | (173 | ) |  | — |  |  | (8 | ) |  | — |  |  | (8 | ) |  | (193 | ) |  | — |
Net amounts subject to master netting |  | 146 |  |  | 5 |  |  | 74 |  |  | 23 |  |  | 51 |  |  | 23 |  |  | — |
Amounts not subject to master netting |  | 16 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net amounts recognized on the Condensed Consolidated Balance Sheet |  | $ | 162 |  |  | $ | 5 |  |  | $ | 74 |  |  | $ | 23 |  |  | $ | 51 |  |  | $ | 23 |  |  | $ | — |
Derivative Liabilities |  | September 30, 2015
|  |  |  | Duke |  |  |  |  | Duke |  |  | Duke |  |  | Duke |  |  | Duke |
|  | Duke |  |  | Energy |  |  | Progress |  |  | Energy |  |  | Energy |  |  | Energy |  |  | Energy |
(in millions) |  | Energy |  |  | Carolinas |  |  | Energy |  |  | Progress |  |  | Florida |  |  | Ohio |  |  | Indiana |
Current |  |  |  |  |  |  |  |  |  |  |  |  |  |
Gross amounts recognized |  | $ | 257 |  |  | $ | 25 |  |  | $ | 215 |  |  | $ | 77 |  |  | $ | 138 |  |  | $ | 1 |  |  | $ | — |
Gross amounts offset |  | (15 | ) |  | — |  |  | (14 | ) |  | — |  |  | (14 | ) |  | — |  |  | — |
Net amounts subject to master netting |  | 242 |  |  | 25 |  |  | 201 |  |  | 77 |  |  | 124 |  |  | 1 |  |  | — |
Amounts not subject to master netting |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net amounts recognized on the Condensed Consolidated Balance Sheet |  | $ | 242 |  |  | $ | 25 |  |  | $ | 201 |  |  | $ | 77 |  |  | $ | 124 |  |  | $ | 1 |  |  | $ | — |
Non-Current |  |  |  |  |  |  |  |  |  |  |  |  |  |
Gross amounts recognized |  | $ | 144 |  |  | $ | 8 |  |  | $ | 89 |  |  | $ | 18 |  |  | $ | 71 |  |  | $ | 6 |  |  | $ | — |
Gross amounts offset |  | (9 | ) |  | — |  |  | (9 | ) |  | — |  |  | (9 | ) |  | — |  |  | — |
Net amounts subject to master netting |  | 135 |  |  | 8 |  |  | 80 |  |  | 18 |  |  | 62 |  |  | 6 |  |  | — |
Amounts not subject to master netting |  | 5 |  |  | — |  |  | 5 |  |  | — |  |  | — |  |  | — |  |  | — |
Net amounts recognized on the Condensed Consolidated Balance Sheet |  | $ | 140 |  |  | $ | 8 |  |  | $ | 85 |  |  | $ | 18 |  |  | $ | 62 |  |  | $ | 6 |  |  | $ | — |
Derivative Contracts with Contingent Credit Features | The following tables show information with respect to derivative contracts that are in a net liability position and contain objective credit-risk-related payment provisions. Amounts for Duke Energy Indiana were not material.
| September 30, 2015
|  |  | Duke |  |  |  |  | Duke |  |  | Duke |  |  | Duke |
| Duke |  |  | Energy |  |  | Progress |  |  | Energy |  |  | Energy |  |  | Energy |
(in millions) | Energy |  |  | Carolinas |  |  | Energy |  |  | Progress |  |  | Florida |  |  | Ohio |
Aggregate fair value amounts of derivative instruments in a net liability position | $ | 316 |  |  | $ | 33 |  |  | $ | 301 |  |  | $ | 94 |  |  | $ | 207 |  |  | $ | — |
Fair value of collateral already posted | 20 |  |  | — |  |  | 20 |  |  | — |  |  | 20 |  |  | — |
Additional cash collateral or letters of credit in the event credit-risk-related contingent features were triggered | 296 |  |  | 33 |  |  | 281 |  |  | 94 |  |  | 187 |  |  | — |
| December 31, 2014
|  |  | Duke |  |  |  |  | Duke |  |  | Duke |  |  | Duke |
| Duke |  |  | Energy |  |  | Progress |  |  | Energy |  |  | Energy |  |  | Energy |
(in millions) | Energy |  |  | Carolinas |  |  | Energy |  |  | Progress |  |  | Florida |  |  | Ohio |
Aggregate fair value amounts of derivative instruments in a net liability position | $ | 845 |  |  | $ | 19 |  |  | $ | 370 |  |  | $ | 131 |  |  | $ | 239 |  |  | $ | 456 |
Fair value of collateral already posted | 209 |  |  | — |  |  | 23 |  |  | — |  |  | 23 |  |  | 186 |
Additional cash collateral or letters of credit in the event credit-risk-related contingent features were triggered | 407 |  |  | 19 |  |  | 347 |  |  | 131 |  |  | 216 |  |  | 41 |
The Duke Energy Registrants have elected to offset cash collateral and fair values of derivatives. For amounts to be netted, the derivative must be executed with the same counterparty under the same master netting agreement. Amounts disclosed below represent the receivables related to the right to reclaim cash collateral and payables related to the obligation to return cash collateral under master netting arrangements.
| September 30, 2015 |  | December 31, 2014
(in millions) | Receivables |  | Receivables
Duke Energy |  |  |
Amounts offset against net derivative positions | $ | 20 |  |  | $ | 145 |
Amounts not offset against net derivative positions | — |  |  | 64 |
Progress Energy |  |  |
Amounts offset against net derivative positions | 20 |  |  | 23 |
Duke Energy Florida |  |  |
Amounts offset against net derivative positions | 20 |  |  | 23 |
Duke Energy Ohio |  |  |
Amounts offset against net derivative positions | — |  |  | 122 |
Amounts not offset against net derivative positions | — |  |  | 64 |

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- Definition Tabular disclosure of credit derivatives which includes information by sellers of credit derivatives, about each credit derivative, or each group of similar credit derivatives, including (a) the nature of the credit derivative - its term, how it arose, the events or circumstances that would require the seller to perform under the credit derivative, and the current status of the payment/performance risk of the credit derivative; (b) the maximum potential amount of future payments (undiscounted) the seller could be required to make under the credit derivative; (c) the current fair value of the credit derivative; and (d) the nature of any recourse provisions under the credit derivative, and any assets held either as collateral or by third parties. A credit derivative is a derivative instrument (1) in which one or more of its underlyings are related to the credit risk of a specified entity (or a group of entities) or an index based on the credit risk of a group of entities and (2) that exposes the seller to potential loss from credit-risk-related events specified in the contract. Examples of credit derivatives within the scope of this paragraph include, but are not limited to, credit default swaps, credit spread options, and credit index products; also includes a hybrid instrument that has an embedded credit derivative (for example, but not limited to, a credit-linked note). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Credit Derivative -URI http://asc.fasb.org/extlink&oid=6854095 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4L -URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5708777-113959 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4K -URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5708775-113959 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4J -URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5708773-113959 + Details
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