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Dispositions (Tables) | 3 Months Ended
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Mar. 31, 2024
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, 2024 |  | December 31, 2023 |
Current Assets Held for Sale |  |  |  |
Other | $ | 11 |  |  | $ | 14 |  |
Total current assets held for sale | 11 |  |  | 14 |  |
Noncurrent Assets Held for Sale |  |  |  |
Property, Plant and Equipment |  |  |  |
Cost | 357 |  |  | 247 |  |
Accumulated depreciation and amortization | (57) |  |  | (57) |  |
Net property, plant and equipment | 300 |  |  | 190 |  |
Operating lease right-of-use assets, net | 4 |  |  | 4 |  |
Other | 4 |  |  | 3 |  |
Total other noncurrent assets held for sale | 8 |  |  | 7 |  |
Total Assets Held for Sale | $ | 319 |  |  | $ | 211 |  |
Current Liabilities Associated with Assets Held for Sale |  |  |  |
Accounts payable | $ | 97 |  |  | $ | 9 |  |
Taxes accrued | 1 |  |  | 3 |  |
Current maturities of long-term debt | 44 |  |  | 5 |  |
Unrealized losses on commodity hedges | 74 |  |  | 68 |  |
Other | 35 |  |  | 37 |  |
Total current liabilities associated with assets held for sale | 251 |  |  | 122 |  |
Noncurrent Liabilities Associated with Assets Held for Sale |  |  |  |
Long-Term debt | — |  |  | 39 |  |
Operating lease liabilities | 5 |  |  | 5 |  |
Asset retirement obligations | 8 |  |  | 8 |  |
Unrealized losses on commodity hedges | 102 |  |  | 94 |  |
Other | 11 |  |  | 11 |  |
Total other noncurrent liabilities associated with assets held for sale | 126 |  |  | 157 |  |
Total Liabilities Associated with Assets Held for Sale | $ | 377 |  |  | $ | 279 |  |
As of March 31, 2024, and December 31, 2023, the noncontrolling interest balance is $66 million. 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) | 2024 |  | 2023 |  |  |
Operating revenues | $ | (6) |  |  | $ | 80 |  |  |  |
Operation, maintenance and other | 4 |  |  | 89 |  |  |
Property and other taxes | — |  |  | 10 |  |  |
Other income and expenses, net | — |  |  | (4) |  |  |  |
Interest expense | 2 |  |  | 31 |  |  |
(Gain) Loss on disposal | (10) |  |  | 220 |  |  |  |
Loss before income taxes | (2) |  |  | (274) |  |  |  |
Income tax expense (benefit) | 1 |  |  | (65) |  |  |  |
Loss from discontinued operations | $ | (3) |  |  | $ | (209) |  |  |  |
Add: Net loss attributable to noncontrolling interest included in discontinued operations | — |  |  | 64 |  |  |  |
Net loss from discontinued operations attributable to Duke Energy Corporation | $ | (3) |  |  | $ | (145) |  |  |  |
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) | 2024 |  | 2023
Cash flows used in: |  |  |
Operating activities | $ | (3) |  |  | $ | (54) |
Investing activities | — |  |  | (151) |

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