XML 82 R40.htm IDEA: XBRL DOCUMENT
v3.19.2

Variable Interest Entities (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2019
Variable Interest Entity, Primary Beneficiary [Member] |
Variable Interest Entities [Line Items] |
Schedule Of Variable Interest Entities | The following table summarizes the amounts and expiration dates of the credit facilities and associated restricted receivables described above.
| Duke Energy
|  |  | Duke Energy |  |  | Duke Energy |  |  | Duke Energy |
|  |  | Carolinas |  |  | Progress |  |  | Florida |
(in millions) | CRC |  |  | DERF |  |  | DEPR |  |  | DEFR |
Expiration date | December 2020 |  |  | December 2020 |  |  | February 2021 |  |  | April 2021 |
Credit facility amount | $ | 350 |  |  | $ | 475 |  |  | $ | 325 |  |  | $ | 250 |
Amounts borrowed at June 30, 2019 | 328 |  |  | 475 |  |  | 325 |  |  | 250 |
Amounts borrowed at December 31, 2018 | 325 |  |  | 450 |  |  | 300 |  |  | 225 |
Restricted Receivables at June 30, 2019 | 484 |  |  | 671 |  |  | 518 |  |  | 472 |
Restricted Receivables at December 31, 2018 | 564 |  |  | 699 |  |  | 547 |  |  | 357 |
Variable Interest Entity, Not Primary Beneficiary [Member] |
Variable Interest Entities [Line Items] |
Schedule Of Variable Interest Entities | The following tables summarize the impact of non-consolidated VIEs on the Condensed Consolidated Balance Sheets.
| June 30, 2019
| Duke Energy |  | Duke |  |  | Duke |
| Pipeline |  |  | Commercial |  |  | Other |  |  |  |  | Energy |  |  | Energy |
(in millions) | Investments |  |  | Renewables |  |  | VIEs |  |  | Total |  |  | Ohio |  |  | Indiana |
Receivables from affiliated companies | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 45 |  |  | $ | 81 |
Investments in equity method unconsolidated affiliates | 1,066 |  |  | 187 |  |  | 52 |  |  | 1,305 |  |  | — |  |  | — |
Total assets | $ | 1,066 |  |  | $ | 187 |  |  | $ | 52 |  |  | $ | 1,305 |  |  | $ | 45 |  |  | $ | 81 |
Taxes accrued | (2 | ) |  | — |  |  | — |  |  | (2 | ) |  | — |  |  | — |
Other current liabilities | — |  |  | — |  |  | 4 |  |  | 4 |  |  | — |  |  | — |
Deferred income taxes | 48 |  |  | — |  |  | — |  |  | 48 |  |  | — |  |  | — |
Other noncurrent liabilities | — |  |  | — |  |  | 11 |  |  | 11 |  |  | — |  |  | — |
Total liabilities | $ | 46 |  |  | $ | — |  |  | $ | 15 |  |  | $ | 61 |  |  | $ | — |  |  | $ | — |
Net assets | $ | 1,020 |  |  | $ | 187 |  |  | $ | 37 |  |  | $ | 1,244 |  |  | $ | 45 |  |  | $ | 81 |
| December 31, 2018
| Duke Energy |  | Duke |  |  | Duke |
| Pipeline |  |  | Commercial |  |  | Other |  |  |  |  | Energy |  |  | Energy |
(in millions) | Investments |  |  | Renewables |  |  | VIEs |  |  | Total |  |  | Ohio |  |  | Indiana |
Receivables from affiliated companies | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 93 |  |  | $ | 118 |
Investments in equity method unconsolidated affiliates | 822 |  |  | 190 |  |  | 48 |  |  | 1,060 |  |  | — |  |  | — |
Total assets | $ | 822 |  |  | $ | 190 |  |  | $ | 48 |  |  | $ | 1,060 |  |  | $ | 93 |  |  | $ | 118 |
Taxes accrued | (1 | ) |  | — |  |  | — |  |  | (1 | ) |  | — |  |  | — |
Other current liabilities | — |  |  | — |  |  | 4 |  |  | 4 |  |  | — |  |  | — |
Deferred income taxes | 21 |  |  | — |  |  | — |  |  | 21 |  |  | — |  |  | — |
Other noncurrent liabilities | — |  |  | — |  |  | 12 |  |  | 12 |  |  | — |  |  | — |
Total liabilities | $ | 20 |  |  | $ | — |  |  | $ | 16 |  |  | $ | 36 |  |  | $ | — |  |  | $ | — |
Net assets | $ | 802 |  |  | $ | 190 |  |  | $ | 32 |  |  | $ | 1,024 |  |  | $ | 93 |  |  | $ | 118 |
DEFPF [Member] | Variable Interest Entity, Primary Beneficiary [Member] |
Variable Interest Entities [Line Items] |
Schedule Of Variable Interest Entities | The following table summarizes the impact of DEFPF on Duke Energy Florida's Condensed Consolidated Balance Sheets.
(in millions) | June 30, 2019 |  | December 31, 2018 |
Receivables of VIEs | $ | 8 |  | $ | 5 |
Regulatory Assets: Current | 52 |  | 52 |
Current Assets: Other | 31 |  | 39 |
Other Noncurrent Assets: Regulatory assets | 1,019 |  | 1,041 |
Current Liabilities: Other | 10 |  | 10 |
Current maturities of long-term debt | 54 |  | 53 |
Long-Term Debt | 1,082 |  | 1,111 |
Commercial Renewables [Member] | Variable Interest Entity, Primary Beneficiary [Member] |
Variable Interest Entities [Line Items] |
Schedule Of Variable Interest Entities | The table below presents material balances reported on Duke Energy's Condensed Consolidated Balance Sheets related to renewables VIEs.
(in millions) | June 30, 2019 |  | December 31, 2018 |
Current Assets: Other | $ | 109 |  | $ | 123 |
Property, plant and equipment, cost | 4,419 |  | 4,007 |
Accumulated depreciation and amortization | (769 | ) | (698 | )
Other Noncurrent Assets: Other | 289 |  | 261 |
Current maturities of long-term debt | 178 |  | 174 |
Long-Term Debt | 1,610 |  | 1,587 |
Other Noncurrent Liabilities: Asset Retirement Obligations | 108 |  | 106 |
Other Noncurrent Liabilities: Other | 222 |  | 212 |
Pipeline Investments [Member] | Variable Interest Entity, Not Primary Beneficiary [Member] |
Variable Interest Entities [Line Items] |
Schedule Of Variable Interest Entities | The table below presents Duke Energy's ownership interest and investment balances in these joint ventures.
|  |  | VIE Investment Amount (in millions)
| Ownership |  | June 30, |  | December 31,
Entity Name | Interest |  | 2019 |  | 2018
ACP(a) | 47 | % |  | $ | 1,041 |  |  | $ | 797 |
Constitution | 24 | % |  | 25 |  |  | 25 |
Total |  |  | $ | 1,066 |  |  | $ | 822 |
(a) Duke Energy evaluated this investment for impairment as of June 30, 2019, and December 31, 2018, and determined that fair value approximated carrying value and therefore no impairment was necessary.
Cinergy Receivables [Member] | Variable Interest Entity, Not Primary Beneficiary [Member] |
Variable Interest Entities [Line Items] |
Schedule Of Variable Interest Entities | The following table shows the gross and net receivables sold.
| Duke Energy Ohio |  | Duke Energy Indiana
(in millions) | June 30, 2019 |  |  | December 31, 2018 |  |  | June 30, 2019 |  |  | December 31, 2018 |
Receivables sold | $ | 210 |  |  | $ | 269 |  |  | $ | 314 |  |  | $ | 336 |
Less: Retained interests | 45 |  |  | 93 |  |  | 81 |  |  | 118 |
Net receivables sold | $ | 165 |  |  | $ | 176 |  |  | $ | 233 |  |  | $ | 218 |
The following table shows sales and cash flows related to receivables sold.
| Duke Energy Ohio |  | Duke Energy Indiana
| Three Months Ended |  | Six Months Ended |  | Three Months Ended |  | Six Months Ended
| June 30, |  | June 30, |  | June 30, |  | June 30,
(in millions) | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
Sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Receivables sold | $ | 429 |  |  | $ | 461 |  |  | $ | 1,004 |  |  | $ | 1,028 |  |  | $ | 676 |  |  | $ | 692 |  |  | $ | 1,410 |  |  | $ | 1,386 |
Loss recognized on sale | 3 |  |  | 3 |  |  | 7 |  |  | 6 |  |  | 4 |  |  | 4 |  |  | 9 |  |  | 7 |
Cash flows |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash proceeds from receivables sold | $ | 448 |  |  | $ | 465 |  |  | $ | 1,045 |  |  | $ | 1,050 |  |  | $ | 680 |  |  | $ | 686 |  |  | $ | 1,438 |  |  | $ | 1,397 |
Collection fees received | 1 |  |  | 1 |  |  | 1 |  |  | 1 |  |  | 1 |  |  | 1 |  |  | 1 |  |  | 1 |
Return received on retained interests | 2 |  |  | 1 |  |  | 4 |  |  | 3 |  |  | 2 |  |  | 2 |  |  | 5 |  |  | 4 |

X
- Definition Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 5A -URI http://asc.fasb.org/extlink&oid=118582676&loc=SL6759159-111685 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=118582676&loc=d3e5747-111685 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=118582676&loc=SL6228884-111685 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=118582676&loc=d3e5710-111685 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=118582676&loc=d3e5728-111685 + Details
Name: | us-gaap_ScheduleOfVariableInterestEntitiesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_VariableInterestEntityLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityNotPrimaryBeneficiaryMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_CounterpartyNameAxis=duk_DEFPFMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_CounterpartyNameAxis=duk_CommercialRenewablesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_CounterpartyNameAxis=duk_PipelineInvestmentsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_CounterpartyNameAxis=duk_CinergyReceivablesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |