XML 71 R16.htm IDEA: XBRL DOCUMENT v3.24.0.1
Condensed Consolidated Statements of Operations and Comprehensive Income - Progress Energy - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating Revenues $ 29,060 $ 28,768 $ 24,621
Operating Expenses      
Operation, maintenance and other 5,625 5,734 5,703
Depreciation and amortization 5,253 5,086 4,762
Property and other taxes 1,400 1,466 1,355
Impairment of assets and other charges 85 434 353
Total operating expenses 22,042 22,778 19,133
Gains on Sales of Other Assets and Other, net 52 22 12
Operating Income 7,070 6,012 5,500
Other Income and Expenses, net 711 505 698
Interest Expense 3,014 2,439 2,207
Income From Continuing Operations Before Income Taxes 4,767 4,078 3,991
Income Tax Expense From Continuing Operations 438 300 268
Net Income 2,874 2,455 3,579
Add: Net (Income) Loss Attributable to Noncontrolling Interests 33 (95) (329)
Net Income Attributable to Duke Energy Corporation 2,841 2,550 3,908
Pension and OPEB adjustments [1] (1) (19) 7
Net unrealized gains (losses) on cash flow hedges [1] 63 285 (68)
Unrealized gains (losses) on available-for-sale securities [1] 8 (21) (8)
Other comprehensive (loss) income [1] 134 174 (56)
Comprehensive Income 3,008 2,629 3,523
Less: Comprehensive Income Attributable to Noncontrolling Interests 33 (84) (319)
Comprehensive Income Attributable to Duke Energy Corporation 2,975 2,713 3,842
Progress Energy      
Operating Revenues 13,544 13,125 11,057
Operating Expenses      
Cost of sales 5,026 5,078 3,584
Operation, maintenance and other 2,636 2,458 2,529
Depreciation and amortization 2,151 2,142 1,929
Property and other taxes 644 607 542
Impairment of assets and other charges 28 12 82
Total operating expenses 10,485 10,297 8,666
Gains on Sales of Other Assets and Other, net 27 11 14
Operating Income 3,086 2,839 2,405
Other Income and Expenses, net 201 181 215
Interest Expense 954 844 794
Income From Continuing Operations Before Income Taxes 2,333 2,176 1,826
Income Tax Expense From Continuing Operations 377 348 227
Net Income 1,956 1,828 1,599
Add: Net (Income) Loss Attributable to Noncontrolling Interests     1
Net Income Attributable to Duke Energy Corporation 1,956 1,828 1,598
Pension and OPEB adjustments (2) 5 1
Net unrealized gains (losses) on cash flow hedges 0 1 3
Unrealized gains (losses) on available-for-sale securities 3 (6)  
Other comprehensive (loss) income 1 0 4
Comprehensive Income 1,957 1,828 1,603
Less: Comprehensive Income Attributable to Noncontrolling Interests     1
Comprehensive Income Attributable to Duke Energy Corporation $ 1,957 $ 1,828 $ 1,602
[1] Net of income tax expense of approximately $40 million and $52 million for the years ended December 31, 2023, and 2022, respectively, and income tax benefit of $17 million for the year ended December 31, 2021.