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v3.22.1

Debt and Credit Facilities (Tables) | 3 Months Ended
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Mar. 31, 2022
Debt Disclosure [Abstract] |
Schedule of Long-term Debt Instruments | The following table summarizes significant debt issuances (in millions).
|  |  |  |  | Three Months Ended March 31, 2022
|  |  |  |  |  |  |  |  | Duke |  | Duke |  |  |  |  |  |  |  |
| Maturity |  | Interest |  | Duke |  |  |  | Energy |  | Energy |  |  |  |  |  |  |  |
Issuance Date | Date |  | Rate |  | Energy |  |  |  | Carolinas |  | Progress |  |  |  |  |  |  |  |
First Mortgage Bonds |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
March 2022(a) | March 2032 |  | 2.850 | % |  | $ | 500 |  |  |  |  | $ | 500 |  |  | $ | — |  |  |  |  |  |  |  |  |
March 2022(a) | March 2052 |  | 3.550 | % |  | 650 |  |  |  |  | 650 |  |  | — |  |  |  |  |  |  |  |  |
March 2022(a) | April 2032 |  | 3.400 | % |  | 500 |  |  |  |  | — |  |  | 500 |  |  |  |  |  |  |  |  |
March 2022(a) | April 2052 |  | 4.000 | % |  | 400 |  |  |  |  | — |  |  | 400 |  |  |  |  |  |  |  |  |
Total issuances |  |  |  |  | $ | 2,050 |  |  |  |  | $ | 1,150 |  |  | $ | 900 |  |  |  |  |  |  |  |  |
(a)Proceeds will be used to finance or refinance, in whole or in part, existing or new eligible projects under the sustainable financing framework. The following table shows the significant components of Current maturities of long-term debt on the Condensed Consolidated Balance Sheets. The Duke Energy Registrants currently anticipate satisfying these obligations with cash on hand and proceeds from additional borrowings.
(in millions) | Maturity Date |  | Interest Rate |  | March 31, 2022
Unsecured Debt |  |  |  |  |
Progress Energy | April 2022 |  | 3.150 | % |  | $ | 450 |
Duke Energy (Parent) | August 2022 |  | 3.050 | % |  | 500 |
Duke Energy (Parent) | August 2022 |  | 2.400 | % |  | 500 |
First Mortgage Bonds |  |  |  |  |
Duke Energy Carolinas | May 2022 |  | 3.350 | % |  | 350 |
Duke Energy Progress | May 2022 |  | 2.800 | % |  | 500 |
Duke Energy Carolinas | March 2023 |  | 2.500 | % |  | 500 |
Duke Energy Carolinas | March 2023 |  | 3.050 | % |  | 500 |
Other(a) |  |  |  |  | 584 |
Current maturities of long-term debt |  |  |  |  | $ | 3,884 |
(a)Includes finance lease obligations, amortizing debt, tax-exempt bonds with mandatory put options and small bullet maturities.
Schedule Of Line Of Credit Facilities | The table below includes the current borrowing sublimits and available capacity under these credit facilities.
| March 31, 2022
|  |  | Duke |  | Duke |  | Duke |  | Duke |  | Duke |  | Duke |  |
| Duke |  | Energy |  | Energy |  | Energy |  | Energy |  | Energy |  | Energy |  |
(in millions) | Energy |  | (Parent) |  | Carolinas |  | Progress |  | Florida |  | Ohio |  | Indiana |  | Piedmont
Facility size(a) | $ | 9,000 |  |  | $ | 3,300 |  |  | $ | 1,225 |  |  | $ | 1,400 |  |  | $ | 900 |  |  | $ | 775 |  |  | $ | 600 |  |  | $ | 800 |
Reduction to backstop issuances |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial paper(b) | (2,819) |  |  | (1,715) |  |  | (300) |  |  | (150) |  |  | (236) |  |  | (86) |  |  | (150) |  |  | (182) |
Outstanding letters of credit | (38) |  |  | (25) |  |  | (4) |  |  | (2) |  |  | (7) |  |  | — |  |  | — |  |  | — |
Tax-exempt bonds | (81) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (81) |  |  | — |
Available capacity under the Master Credit Facility | $ | 6,062 |  |  | $ | 1,560 |  |  | $ | 921 |  |  | $ | 1,248 |  |  | $ | 657 |  |  | $ | 689 |  |  | $ | 369 |  |  | $ | 618 |
(a)Represents the sublimit of each borrower. (b)Duke Energy issued $625 million of commercial paper and loaned the proceeds through the money pool to Duke Energy Carolinas, Duke Energy Progress, Duke Energy Ohio and Duke Energy Indiana. The balances are classified as Long-Term Debt Payable to Affiliated Companies on the Condensed Consolidated Balance Sheets.

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- Definition Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
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