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Dispositions (Tables) | 9 Months Ended
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Sep. 30, 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) | September 30, 2023 |  | December 31, 2022 |
Current Assets Held for Sale |  |  |  |
Cash and cash equivalents | $ | 70 |  |  | $ | 10 |  |
Receivables, net | 107 |  |  | 107 |  |
Inventory | 84 |  |  | 88 |  |
Other | 179 |  |  | 151 |  |
Total current assets held for sale | 440 |  |  | 356 |  |
Noncurrent Assets Held for Sale |  |  |  |
Property, Plant and Equipment |  |  |  |
Cost | 5,387 |  |  | 6,444 |  |
Accumulated depreciation and amortization | (1,651) |  |  | (1,651) |  |
Net property, plant and equipment | 3,736 |  |  | 4,793 |  |
Operating lease right-of-use assets, net | 144 |  |  | 140 |  |
Investments in equity method unconsolidated affiliates | 504 |  |  | 522 |  |
Other | 212 |  |  | 179 |  |
Total other noncurrent assets held for sale | 860 |  |  | 841 |  |
Total Assets Held for Sale | $ | 5,036 |  |  | $ | 5,990 |  |
Current Liabilities Associated with Assets Held for Sale |  |  |  |
Accounts payable | $ | 124 |  |  | $ | 122 |  |
Taxes accrued | 22 |  |  | 17 |  |
Current maturities of long-term debt | 268 |  |  | 276 |  |
Other | 175 |  |  | 120 |  |
Total current liabilities associated with assets held for sale | 589 |  |  | 535 |  |
Noncurrent Liabilities Associated with Assets Held for Sale |  |  |  |
Long-Term debt | 1,047 |  |  | 1,188 |  |
Operating lease liabilities | 154 |  |  | 150 |  |
Asset retirement obligations | 201 |  |  | 190 |  |
Other | 232 |  |  | 399 |  |
Total other noncurrent liabilities associated with assets held for sale | 1,634 |  |  | 1,927 |  |
Total Liabilities Associated with Assets Held for Sale | $ | 2,223 |  |  | $ | 2,462 |  |
As of September 30, 2023, and December 31, 2022, the noncontrolling interest balance is $1.8 billion and $1.6 billion, respectively. The following table presents the results of the Commercial Renewables Disposal Groups, which are included in (Loss) Income from Discontinued Operations, net of tax in Duke Energy's Consolidated Statements of Operations.
| Three Months Ended | Nine Months Ended
| September 30, | September 30,
(in millions) | 2023 |  | 2022 | 2023 |  | 2022
Operating revenues | $ | 103 |  |  | $ | 129 |  | $ | 293 |  |  | $ | 372 |
Operation, maintenance and other | 93 |  |  | 85 | 270 |  |  | 248
Depreciation and amortization(a) | — |  |  | 65 | — |  |  | 193
Property and other taxes | 8 |  |  | 10 | 27 |  |  | 31
Other income and expenses, net | (2) |  |  | (1) |  | (9) |  |  | (4) |
Interest expense | 10 |  |  | 18 | 53 |  |  | 55
Loss on disposal | 169 |  |  | — |  | 1,603 |  |  | — |
Loss before income taxes | (179) |  |  | (50) |  | (1,669) |  |  | (159) |
Income tax benefit | (27) |  |  | (30) |  | (353) |  |  | (106) |
Loss from discontinued operations | $ | (152) |  |  | $ | (20) |  | $ | (1,316) |  |  | $ | (53) |
Add: Net (income) loss attributable to noncontrolling interest included in discontinued operations | (38) |  |  | 20 |  | 33 |  |  | 92 |
Net (loss) income from discontinued operations attributable to Duke Energy Corporation | $ | (190) |  |  | $ | — |  | $ | (1,283) |  |  | $ | 39 |
(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.
| Nine Months Ended
| September 30,
(in millions) | 2023 |  | 2022
Cash flows provided by (used in): |  |  |
Operating activities | $ | 545 |  |  | $ | 485 |
Investing activities | (597) |  |  | (223) |

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