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Dispositions (Tables) | 12 Months Ended
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Dec. 31, 2022
Discontinued Operations and Disposal Groups [Abstract] |
Disposal Groups, Including Discontinued Operations | The following table summarizes the Loss from Discontinued Operations, net of tax recorded on Duke Energy's Consolidated Statements of Operations:
|  | Years Ended December 31,
(in millions) |  | 2022 | 2021 | 2020
Commercial Renewables Disposal Groups |  | $ | (1,349) |  | $ | (151) |  | $ | (14) |
Other(a) |  | 26 |  | 7 |  | 7 |
Loss from Discontinued Operations, net of tax |  | $ | (1,323) |  | $ | (144) |  | $ | (7) |
(a) Amount represents an income tax benefit resulting from tax adjustments for previously sold businesses not related to the Commercial Renewables Disposal Groups. The following table presents the carrying values of the major classes of Assets held for sale and Liabilities associated with assets held for sale included in Duke Energy's Consolidated Balance Sheets.
|  | December 31, |
(in millions) |  | 2022 |  | 2021 |
Current Assets Held for Sale |  |  |  |  |
Cash and cash equivalents |  | $ | 10 |  |  | $ | 3 |  |
Receivables, net |  | 107 |  |  | 87 |  |
Inventory |  | 88 |  |  | 86 |  |
Other |  | 57 |  |  | 56 |  |
Total current assets held for sale |  | 262 |  |  | 232 |  |
Noncurrent Assets Held for Sale |  |  |  |  |
Property, Plant and Equipment |  |  |  |  |
Cost |  | 6,444 |  |  | 7,323 |  |
Accumulated depreciation and amortization |  | (1,651) |  |  | (1,452) |  |
Net property, plant and equipment |  | 4,793 |  |  | 5,871 |  |
Operating lease right-of-use assets, net |  | 140 |  |  | 130 |  |
Investments in equity method unconsolidated affiliates |  | 522 |  |  | 513 |  |
Other |  | 179 |  |  | 181 |  |
Total other noncurrent assets held for sale |  | 841 |  |  | 824 |  |
Total Assets Held for Sale |  | $ | 5,896 |  |  | $ | 6,927 |  |
Current Liabilities Associated with Assets Held for Sale |  |  |  |  |
Accounts payable |  | $ | 122 |  |  | $ | 98 |  |
Taxes accrued |  | 17 |  |  | 18 |  |
Other |  | 120 |  |  | 51 |  |
Total current liabilities associated with assets held for sale |  | 259 |  |  | 167 |  |
Noncurrent Liabilities Associated with Assets Held for Sale |  |  |  |  |
Operating lease liabilities |  | 150 |  |  | 134 |  |
Asset retirement obligations |  | 190 |  |  | 175 |  |
Other |  | 399 |  |  | 303 |  |
Total other noncurrent liabilities associated with assets held for sale |  | 739 |  |  | 612 |  |
Total Liabilities Associated with Assets Held for Sale |  | $ | 998 |  |  | $ | 779 |  |
As of December 31, 2022, the noncontrolling interest balance is $1.6 billion. The following table presents the results of the Commercial Renewables Disposal Groups, which are included in Loss from Discontinued Operations, net of tax in Duke Energy's Consolidated Statements of Operations.
| Years Ended December 31,
(in millions) | 2022 |  | 2021 |  | 2020
Operating revenues | $ | 465 |  |  | $ | 476 |  |  | $ | 502 |
Operation, maintenance and other | 337 |  | 343 |  | 292
Depreciation and amortization(a) | 201 |  | 227 |  | 200
Property and other taxes | 36 |  | 34 |  | 26
Other income and expenses, net | 2 |  |  | (27) |  |  | 1
Interest expense | 10 |  | 72 |  | 66
Loss on disposal | 1,748 |  |  | — |  |  | — |
Loss before income taxes | (1,865) |  |  | (227) |  |  | (81) |
Income tax benefit | (516) |  |  | (76) |  |  | (67) |
Loss from discontinued operations | $ | (1,349) |  |  | $ | (151) |  |  | $ | (14) |
Add: Net loss attributable to noncontrolling interest included in discontinued operations | 108 |  |  | 344 |  |  | 296 |
Net income from discontinued operations attributable to Duke Energy Corporation | $ | (1,241) |  |  | $ | 193 |  |  | $ | 282 |
(a) Upon meeting the criteria for assets held for sale, beginning in November 2022 depreciation and amortization expense were ceased. The Commercial Renewables Disposal Groups' held for sale assets included pretax impairments of approximately $1.7 billion for the year ended December 31, 2022. The impairment was recorded to write-down the carrying amount of the property, plant and equipment assets to the estimated fair value of the business, based on the expected selling price less estimated cost to sell. These losses were included in Loss from Discontinued Operations, net of tax in Duke Energy's Consolidated Statements of Operations and Comprehensive Income. The fair value was primarily determined from the income approach using discounted cash flows but also considered market information obtained through the bidding process. The discounted cash flow model utilized Level 2 and Level 3 inputs. The fair value hierarchy levels are further discussed in Note 17. The impairment will be updated, if necessary, based on the final sales price, after any adjustments at closing for working capital and capital expenditures. Duke Energy has elected not to separately disclose discontinued operations on Duke Energy's Consolidated Statements of Cash Flows. The following table summarizes Duke Energy's cash flows from discontinued operations related to the Commercial Renewables Disposal Groups.
| Years Ended December 31,
(in millions) | 2022 |  | 2021 |  | 2020
Cash flows provided by (used in): |  |  |  |  |
Operating activities | $ | 213 |  |  | $ | 62 |  |  | $ | 466 |
Investing activities | (802) |  |  | (542) |  |  | (1,102) |

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