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v3.23.1

Business Segments | 3 Months Ended
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Mar. 31, 2023
Segment Reporting [Abstract] |
Business Segments | BUSINESS SEGMENTS Duke Energy Due to Duke Energy's commitment in the fourth quarter of 2022 to sell the Commercial Renewables business segment, Duke Energy's segment structure now includes the following two segments: EU&I and GU&I. Prior period information has been recast to conform to the current segment structure. See Note 2 for further information on the Commercial Renewables Disposal Groups. The EU&I segment primarily includes Duke Energy's regulated electric utilities in the Carolinas, Florida and the Midwest. EU&I also includes Duke Energy's electric transmission infrastructure investments and the offshore wind contract for Carolina Long Bay. Refer to Note 2 for further information. The GU&I segment includes Piedmont, Duke Energy's natural gas local distribution companies in Ohio and Kentucky and Duke Energy's natural gas storage, midstream pipeline and renewable natural gas investments. The remainder of Duke Energy’s operations is presented as Other, which is primarily comprised of interest expense on holding company debt, unallocated corporate costs, Duke Energy’s wholly owned captive insurance company, Bison, and Duke Energy's ownership interest in National Methanol Company. Business segment information is presented in the following tables. Segment assets presented exclude intercompany assets.
| Three Months Ended March 31, 2023
| Electric |  | Gas |  |  |  | Total |  |  |  |  |  |
| Utilities and |  | Utilities and |  |  |  | Reportable |  |  |  |  |  |
(in millions) | Infrastructure |  | Infrastructure |  |  |  | Segments |  | Other |  | Eliminations |  | Total
Unaffiliated revenues | $ | 6,381 |  |  | $ | 888 |  |  |  |  | $ | 7,269 |  |  | $ | 7 |  |  | $ | — |  |  | $ | 7,276 |
Intersegment revenues | 17 |  |  | 23 |  |  |  |  | 40 |  |  | 24 |  |  | (64) |  |  | — |
Total revenues | $ | 6,398 |  |  | $ | 911 |  |  |  |  | $ | 7,309 |  |  | $ | 31 |  |  | $ | (64) |  |  | $ | 7,276 |
Segment income (loss) | $ | 791 |  |  | $ | 287 |  |  |  |  | $ | 1,078 |  |  | $ | (168) |  |  | $ | — |  |  | $ | 910 |
Less: Noncontrolling interests |  |  |  |  |  |  |  |  |  |  |  |  | 43 |
Add: Preferred stock dividend |  |  |  |  |  |  |  |  |  |  |  |  | 39 |
Discontinued operations |  |  |  |  |  |  |  |  |  |  |  |  | (145) |
Net Income |  |  |  |  |  |  |  |  |  |  |  |  | $ | 761 |
Segment assets(a) | $ | 152,989 |  |  | $ | 16,217 |  |  |  |  | $ | 169,206 |  |  | $ | 9,627 |  |  | $ | — |  |  | $ | 178,833 |
| Three Months Ended March 31, 2022
| Electric |  | Gas |  |  |  | Total |  |  |  |  |  |
| Utilities and |  | Utilities and |  |  |  | Reportable |  |  |  |  |  |
(in millions) | Infrastructure |  | Infrastructure |  |  |  | Segments |  | Other |  | Eliminations |  | Total
Unaffiliated revenues | $ | 5,995 |  |  | $ | 1,009 |  |  |  |  | $ | 7,004 |  |  | $ | 7 |  |  | $ | — |  |  | $ | 7,011 |
Intersegment revenues | 7 |  |  | 23 |  |  |  |  | 30 |  |  | 23 |  |  | (53) |  |  | — |
Total revenues | $ | 6,002 |  |  | $ | 1,032 |  |  |  |  | $ | 7,034 |  |  | $ | 30 |  |  | $ | (53) |  |  | $ | 7,011 |
Segment income (loss)(b) | $ | 723 |  |  | $ | 254 |  |  |  |  | $ | 977 |  |  | $ | (171) |  |  | $ | — |  |  | $ | 806 |
Less: Noncontrolling interests |  |  |  |  |  |  |  |  |  |  |  |  | 37 |
Add: Preferred stock dividend |  |  |  |  |  |  |  |  |  |  |  |  | 39 |
Discontinued operations |  |  |  |  |  |  |  |  |  |  |  |  | 12 |
Net Income |  |  |  |  |  |  |  |  |  |  |  |  | $ | 820 |
(a)Other includes Assets Held for Sale balances related to the Commercial Renewables Disposal Groups. Refer to Note 2 for further information. (b)EU&I includes $211 million recorded within Impairment of assets and other charges, $46 million within Operating revenues and $22 million within Noncontrolling Interests related to the Duke Energy Indiana Supreme Court ruling on the Condensed Consolidated Statements of Operations. See Note 4 for additional information. Duke Energy Ohio Duke Energy Ohio has two reportable segments, EU&I and GU&I. The remainder of Duke Energy Ohio's operations is presented as Other.
| Three Months Ended March 31, 2023
| Electric |  | Gas |  | Total |  |  |  |  |  |
| Utilities and |  | Utilities and |  | Reportable |  |  |  |  |  |
(in millions) | Infrastructure |  | Infrastructure |  | Segments |  | Other |  | Eliminations |  | Total
Total revenues | $ | 474 |  |  | $ | 235 |  |  | $ | 709 |  |  | $ | — |  |  | $ | — |  |  | $ | 709 |
Segment income (loss)/Net income | $ | 49 |  |  | $ | 52 |  |  | $ | 101 |  |  | $ | (1) |  |  | $ | — |  |  | $ | 100 |
Segment assets | $ | 7,553 |  |  | $ | 4,041 |  |  | $ | 11,594 |  |  | $ | 10 |  |  | $ | 89 |  |  | $ | 11,693 |
| Three Months Ended March 31, 2022
| Electric |  | Gas |  | Total |  |  |  |  |  |
| Utilities and |  | Utilities and |  | Reportable |  |  |  |  |  |
(in millions) | Infrastructure |  | Infrastructure |  | Segments |  | Other |  |  |  | Total
Total revenues | $ | 412 |  |  | $ | 226 |  |  | $ | 638 |  |  | $ | — |  |  |  |  | $ | 638 |
Segment income (loss)/Net income | $ | 41 |  |  | $ | 38 |  |  | $ | 79 |  |  | $ | (2) |  |  |  |  | $ | 77 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI https://asc.fasb.org/topic&trid=2134510 + Details
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