XML 73 R29.htm IDEA: XBRL DOCUMENT
v3.23.1

Dispositions (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2023
Discontinued Operations and Disposal Groups [Abstract] |
Disposal Groups, Including Discontinued Operations | 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.
(in millions) | March 31, 2023 |  | December 31, 2022 |
Current Assets Held for Sale |  |  |  |
Cash and cash equivalents | $ | 12 |  |  | $ | 10 |  |
Receivables, net | 114 |  |  | 107 |  |
Inventory | 81 |  |  | 88 |  |
Other | 167 |  |  | 151 |  |
Total current assets held for sale | 374 |  |  | 356 |  |
Noncurrent Assets Held for Sale |  |  |  |
Property, Plant and Equipment |  |  |  |
Cost | 6,334 |  |  | 6,444 |  |
Accumulated depreciation and amortization | (1,651) |  |  | (1,651) |  |
Net property, plant and equipment | 4,683 |  |  | 4,793 |  |
Operating lease right-of-use assets, net | 142 |  |  | 140 |  |
Investments in equity method unconsolidated affiliates | 512 |  |  | 522 |  |
Other | 201 |  |  | 179 |  |
Total other noncurrent assets held for sale | 855 |  |  | 841 |  |
Total Assets Held for Sale | $ | 5,912 |  |  | $ | 5,990 |  |
Current Liabilities Associated with Assets Held for Sale |  |  |  |
Accounts payable | $ | 80 |  |  | $ | 122 |  |
Taxes accrued | 9 |  |  | 17 |  |
Current maturities of long-term debt | 275 |  |  | 276 |  |
Other | 112 |  |  | 120 |  |
Total current liabilities associated with assets held for sale | 476 |  |  | 535 |  |
Noncurrent Liabilities Associated with Assets Held for Sale |  |  |  |
Long-Term debt | 1,184 |  |  | 1,188 |  |
Operating lease liabilities | 150 |  |  | 150 |  |
Asset retirement obligations | 196 |  |  | 190 |  |
Other | 401 |  |  | 399 |  |
Total other noncurrent liabilities associated with assets held for sale | 1,931 |  |  | 1,927 |  |
Total Liabilities Associated with Assets Held for Sale | $ | 2,407 |  |  | $ | 2,462 |  |
As of March 31, 2023, and December 31, 2022, the noncontrolling interest balance is $1.7 billion and $1.6 billion, respectively. 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.
| Three Months Ended
| March 31,
(in millions) | 2023 |  | 2022
Operating revenues | $ | 80 |  |  | $ | 121 |
Operation, maintenance and other | 89 |  |  | 81
Depreciation and amortization(a) | — |  |  | 64
Property and other taxes | 10 |  |  | 10
Other income and expenses, net | (4) |  |  | — |
Interest expense | 31 |  |  | 19
Loss on disposal | 220 |  |  | — |
Loss before income taxes | (274) |  |  | (53) |
Income tax benefit | (65) |  |  | (38) |
Loss from discontinued operations | $ | (209) |  |  | $ | (15) |
Add: Net loss attributable to noncontrolling interest included in discontinued operations | 64 |  |  | 27 |
Net income from discontinued operations attributable to Duke Energy Corporation | $ | (145) |  |  | $ | 12 |
(a) Upon meeting the criteria for assets held for sale, beginning in November 2022 depreciation and amortization expense were ceased. The following table summarizes Duke Energy's cash flows from discontinued operations related to the Commercial Renewables Disposal Groups.
| Three Months Ended
| March 31,
(in millions) | 2023 |  | 2022
Cash flows provided by (used in): |  |  |
Operating activities | $ | (54) |  |  | $ | 64 |
Investing activities | (151) |  |  | (88) |

X
- References No definition available. + Details
Name: | us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3A -URI https://asc.fasb.org/extlink&oid=109226691&loc=SL51724579-110230 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=109222650&loc=d3e1474-107760 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5D -URI https://asc.fasb.org/extlink&oid=109222650&loc=SL51721677-107760 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 11 -URI https://asc.fasb.org/extlink&oid=109222160&loc=SL51721533-107759 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3A -URI https://asc.fasb.org/extlink&oid=109222650&loc=SL51721659-107760 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4B -URI https://asc.fasb.org/extlink&oid=109222650&loc=SL51721665-107760 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=109226691&loc=d3e2941-110230 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5C -URI https://asc.fasb.org/extlink&oid=109222650&loc=SL51721675-107760 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 7 -URI https://asc.fasb.org/extlink&oid=109222650&loc=SL51721683-107760 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=109222650&loc=d3e1361-107760 Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5A -URI https://asc.fasb.org/extlink&oid=109222650&loc=SL51721671-107760 Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5B -URI https://asc.fasb.org/extlink&oid=109222650&loc=SL51721673-107760 Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4A -URI https://asc.fasb.org/extlink&oid=109222650&loc=SL51721663-107760 + Details
Name: | us-gaap_ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration