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v3.22.2

Debt and Credit Facilities (Tables) | 6 Months Ended
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Jun. 30, 2022
Debt Disclosure [Abstract] |
Schedule of Long-term Debt Instruments | The following table summarizes significant debt issuances (in millions).
|  |  |  |  | Six Months Ended June 30, 2022
|  |  |  |  |  |  | Duke |  | Duke |  | Duke |  |  |  |  |  |  |  |
| Maturity |  | Interest |  | Duke |  | Energy |  | Energy |  | Energy |  |  |  |  |  |  |  |
Issuance Date | Date |  | Rate |  | Energy |  | (Parent) |  | Carolinas |  | Progress |  |  |  |  |  |  |  | Piedmont
Unsecured Debt |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
May 2022(a) | May 2052 |  | 5.050 | % |  | $ | 400 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |  |  |  |  |  |  | $ | 400 |
June 2022(b) | June 2028 |  | 4.750 | % |  | 645 |  |  | 645 |  |  | — |  |  | — |  |  |  |  |  |  |  |  | — |
June 2022(b) | June 2034 |  | 5.306 | % |  | 537 |  |  | 537 |  |  | — |  |  | — |  |  |  |  |  |  |  |  | — |
First Mortgage Bonds |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
March 2022(c) | March 2032 |  | 2.850 | % |  | 500 |  |  | — |  |  | 500 |  |  | — |  |  |  |  |  |  |  |  | — |
March 2022(c) | March 2052 |  | 3.550 | % |  | 650 |  |  | — |  |  | 650 |  |  | — |  |  |  |  |  |  |  |  | — |
March 2022(c) | April 2032 |  | 3.400 | % |  | 500 |  |  | — |  |  | — |  |  | 500 |  |  |  |  |  |  |  |  | — |
March 2022(c) | April 2052 |  | 4.000 | % |  | 400 |  |  | — |  |  | — |  |  | 400 |  |  |  |  |  |  |  |  | — |
Tax-exempt Bonds |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
June 2022(d) | September 2030 |  | 4.000 | % |  | 168 |  |  | 168 |  |  | — |  |  | — |  |  |  |  |  |  |  |  | — |
June 2022(d) | November 2039 |  | 4.250 | % |  | 234 |  |  | 234 |  |  | — |  |  | — |  |  |  |  |  |  |  |  | — |
Total issuances |  |  |  |  | $ | 4,034 |  |  | $ | 1,584 |  |  | $ | 1,150 |  |  | $ | 900 |  |  |  |  |  |  |  |  | $ | 400 |
(a)Proceeds will be used to pay down a portion of outstanding intercompany short-term debt and for general corporate purposes (b)Duke Energy (Parent) issued 600 million euros aggregate principal amount of 3.10% senior notes due June 2028 and 500 million euros aggregate principal amount of 3.85% senior notes due June 2034. Proceeds will be used to repay a $500 million debt maturity, pay down short-term debt and for general corporate purposes. Duke Energy's obligations under its euro-denominated fixed-rate notes were effectively converted to fixed-rate U.S. dollars at issuance through cross-currency swaps, mitigating foreign currency exchange risk associated with the interest and principal payments. See Note 8 for additional information. (c)Proceeds will be used to finance or refinance, in whole or in part, existing or new eligible projects under the sustainable financing framework. (d)Proceeds were used to refund the Ohio Air Quality Development Revenue Refunding bonds, previously held in treasury, which were used to finance or refinance portions of certain solid waste disposal facilities. The mandatory purchase date of these bonds is June 1, 2027. 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 |  | June 30, 2022
Unsecured Debt(a) |  |  |  |  |
Duke Energy (Parent) | August 2022 |  | 2.400 | % |  | 500
Duke Energy (Parent) | April 2023 |  | 2.875 | % |  | 350
Duke Energy (Parent)(b) | June 2023 |  | 1.938 | % |  | 500
First Mortgage Bonds |  |  |  |  |
Duke Energy Carolinas | March 2023 |  | 2.500 | % |  | 500 |
Duke Energy Carolinas | March 2023 |  | 3.050 | % |  | 500 |
Other(c) |  |  |  |  | 821 |
Current maturities of long-term debt |  |  |  |  | $ | 3,171 |
(a)In May 2022, Duke Energy (Parent) early retired $500 million of unsecured debt with an original maturity date of August 2022. (b)Debt has a floating interest rate. (c)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.
| June 30, 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 |  |  | $ | 3,150 |  |  | $ | 1,225 |  |  | $ | 1,200 |  |  | $ | 1,100 |  |  | $ | 775 |  |  | $ | 750 |  |  | $ | 800 |
Reduction to backstop issuances |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial paper(b) | (3,516) |  |  | (1,853) |  |  | (326) |  |  | (150) |  |  | (458) |  |  | (299) |  |  | (400) |  |  | (30) |
Outstanding letters of credit | (38) |  |  | (25) |  |  | (4) |  |  | (2) |  |  | (7) |  |  | — |  |  | — |  |  | — |
Tax-exempt bonds | (81) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (81) |  |  | — |
Available capacity under the Master Credit Facility | $ | 5,365 |  |  | $ | 1,272 |  |  | $ | 895 |  |  | $ | 1,048 |  |  | $ | 635 |  |  | $ | 476 |  |  | $ | 269 |  |  | $ | 770 |
(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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