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Business Segments | 6 Months Ended
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Jun. 30, 2024
Segment Reporting [Abstract] |
Business Segments | BUSINESS SEGMENTS Duke Energy Duke Energy's segment structure includes the following two segments: EU&I and GU&I. 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. 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 June 30, 2024
| Electric |  | Gas |  |  |  | Total |  |  |  |  |  |
| Utilities and |  | Utilities and |  |  |  | Reportable |  |  |  |  |  |
(in millions) | Infrastructure |  | Infrastructure |  |  |  | Segments |  | Other |  | Eliminations |  | Total
Unaffiliated revenues | $ | 6,802 |  |  | $ | 359 |  |  |  |  | $ | 7,161 |  |  | $ | 11 |  |  | $ | — |  |  | $ | 7,172 |
Intersegment revenues | 18 |  |  | 22 |  |  |  |  | 40 |  |  | 29 |  |  | (69) |  |  | — |
Total revenues | $ | 6,820 |  |  | $ | 381 |  |  |  |  | $ | 7,201 |  |  | $ | 40 |  |  | $ | (69) |  |  | $ | 7,172 |
Segment income (loss)(a) | $ | 1,090 |  |  | $ | 6 |  |  |  |  | $ | 1,096 |  |  | $ | (200) |  |  | $ | — |  |  | $ | 896 |
Add: Noncontrolling interests |  |  |  |  |  |  |  |  |  |  |  |  | 21 |
Add: Preferred stock dividend |  |  |  |  |  |  |  |  |  |  |  |  | 14 |
Discontinued operations |  |  |  |  |  |  |  |  |  |  |  |  | (10) |
Net Income |  |  |  |  |  |  |  |  |  |  |  |  | $ | 921 |
Segment assets(b) | $ | 159,770 |  |  | $ | 17,600 |  |  |  |  | $ | 177,370 |  |  | $ | 4,205 |  |  | $ | — |  |  | $ | 181,575 |
| Three Months Ended June 30, 2023
| Electric |  | Gas |  |  |  | Total |  |  |  |  |  |
| Utilities and |  | Utilities and |  |  |  | Reportable |  |  |  |  |  |
(in millions) | Infrastructure |  | Infrastructure |  |  |  | Segments |  | Other |  | Eliminations |  | Total
Unaffiliated revenues | $ | 6,232 |  |  | $ | 337 |  |  |  |  | $ | 6,569 |  |  | $ | 9 |  |  | $ | — |  |  | $ | 6,578 |
Intersegment revenues | 18 |  |  | 22 |  |  |  |  | 40 |  |  | 25 |  |  | (65) |  |  | — |
Total revenues | $ | 6,250 |  |  | $ | 359 |  |  |  |  | $ | 6,609 |  |  | $ | 34 |  |  | $ | (65) |  |  | $ | 6,578 |
Segment income (loss) | $ | 850 |  |  | $ | 25 |  |  |  |  | $ | 875 |  |  | $ | (161) |  |  | $ | — |  |  | $ | 714 |
Add: Noncontrolling interests |  |  |  |  |  |  |  |  |  |  |  |  | 16 |
Add: Preferred stock dividend |  |  |  |  |  |  |  |  |  |  |  |  | 14 |
Discontinued operations |  |  |  |  |  |  |  |  |  |  |  |  | (948) |
Net Loss |  |  |  |  |  |  |  |  |  |  |  |  | $ | (204) |
(a)EU&I includes $42 million recorded within Impairment of assets and other charges, $2 million within Operations, maintenance and other, and an $11 million reduction recorded within Interest Expense on Duke Energy Carolinas' and Duke Energy Progress' Condensed Consolidated Statement of Operations, related to the South Carolina rate case order. (b)Other includes Assets Held for Sale balances related to the Commercial Renewables Disposal Groups. Refer to Note 2 for further information.
| Six Months Ended June 30, 2024
| Electric |  | Gas |  |  |  | Total |  |  |  |  |  |
| Utilities and |  | Utilities and |  |  |  | Reportable |  |  |  |  |  |
(in millions) | Infrastructure |  | Infrastructure |  |  |  | Segments |  | Other |  | Eliminations |  | Total
Unaffiliated revenues | $ | 13,587 |  |  | $ | 1,238 |  |  |  |  | $ | 14,825 |  |  | $ | 18 |  |  | $ | — |  |  | $ | 14,843 |
Intersegment revenues | 36 |  |  | 45 |  |  |  |  | 81 |  |  | 60 |  |  | (141) |  |  | — |
Total revenues | $ | 13,623 |  |  | $ | 1,283 |  |  |  |  | $ | 14,906 |  |  | $ | 78 |  |  | $ | (141) |  |  | $ | 14,843 |
Segment income (loss)(a) | $ | 2,111 |  |  | $ | 290 |  |  |  |  | $ | 2,401 |  |  | $ | (403) |  |  | $ | — |  |  | $ | 1,998 |
Add: Noncontrolling interests |  |  |  |  |  |  |  |  |  |  |  |  | 34 |
Add: Preferred stock dividend |  |  |  |  |  |  |  |  |  |  |  |  | 53 |
Discontinued operations |  |  |  |  |  |  |  |  |  |  |  |  | (13) |
Net Income |  |  |  |  |  |  |  |  |  |  |  |  | $ | 2,072 |
| Six Months Ended June 30, 2023
| Electric |  | Gas |  |  |  | Total |  |  |  |  |  |
| Utilities and |  | Utilities and |  |  |  | Reportable |  |  |  |  |  |
(in millions) | Infrastructure |  | Infrastructure |  |  |  | Segments |  | Other |  | Eliminations |  | Total
Unaffiliated revenues | $ | 12,613 |  |  | $ | 1,225 |  |  |  |  | $ | 13,838 |  |  | $ | 16 |  |  | $ | — |  |  | $ | 13,854 |
Intersegment revenues | 35 |  |  | 45 |  |  |  |  | 80 |  |  | 49 |  |  | (129) |  |  | — |
Total revenues | $ | 12,648 |  |  | $ | 1,270 |  |  |  |  | $ | 13,918 |  |  | $ | 65 |  |  | $ | (129) |  |  | $ | 13,854 |
Segment income (loss) | $ | 1,641 |  |  | $ | 312 |  |  |  |  | $ | 1,953 |  |  | $ | (329) |  |  | $ | — |  |  | $ | 1,624 |
Add: Noncontrolling interests |  |  |  |  |  |  |  |  |  |  |  |  | (27) |
Add: Preferred stock dividend |  |  |  |  |  |  |  |  |  |  |  |  | 53 |
Discontinued operations |  |  |  |  |  |  |  |  |  |  |  |  | (1,093) |
Net Income |  |  |  |  |  |  |  |  |  |  |  |  | $ | 557 |
(a)EU&I includes $42 million recorded within Impairment of assets and other charges, $2 million within Operations, maintenance and other, and an $11 million reduction recorded within Interest Expense on Duke Energy Carolinas' and Duke Energy Progress' Condensed Consolidated Statement of Operations, related to the South Carolina rate case order. 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 June 30, 2024
| Electric |  | Gas |  | Total |  |  |  |  |  |
| Utilities and |  | Utilities and |  | Reportable |  |  |  |  |  |
(in millions) | Infrastructure |  | Infrastructure |  | Segments |  | Other |  | Eliminations |  | Total
Total revenues | $ | 476 |  |  | $ | 132 |  |  | $ | 608 |  |  | $ | — |  |  | $ | — |  |  | $ | 608 |
Segment income (loss)/Net income | $ | 69 |  |  | $ | 9 |  |  | $ | 78 |  |  | $ | (1) |  |  | $ | — |  |  | $ | 77 |
Segment assets | $ | 8,034 |  |  | $ | 4,389 |  |  | $ | 12,423 |  |  | $ | 13 |  |  | $ | 165 |  |  | $ | 12,601 |
| Three Months Ended June 30, 2023
| Electric |  | Gas |  | Total |  |  |  |  |  |
| Utilities and |  | Utilities and |  | Reportable |  |  |  |  |  |
(in millions) | Infrastructure |  | Infrastructure |  | Segments |  | Other |  |  |  | Total
Total revenues | $ | 465 |  |  | $ | 124 |  |  | $ | 589 |  |  | $ | — |  |  |  |  | $ | 589 |
Segment income (loss)/Net income | $ | 54 |  |  | $ | 18 |  |  | $ | 72 |  |  | $ | (1) |  |  |  |  | $ | 71 |
| Six Months Ended June 30, 2024
| Electric |  | Gas |  | Total |  |  |  |  |  |
| Utilities and |  | Utilities and |  | Reportable |  |  |  |  |  |
(in millions) | Infrastructure |  | Infrastructure |  | Segments |  | Other |  |  |  | Total
Total revenues | $ | 934 |  |  | $ | 352 |  |  | $ | 1,286 |  |  | $ | — |  |  |  |  | $ | 1,286 |
Segment income (loss)/Net income | $ | 124 |  |  | $ | 50 |  |  | $ | 174 |  |  | $ | (3) |  |  |  |  | $ | 171 |
| Six Months Ended June 30, 2023
| Electric |  | Gas |  | Total |  |  |  |  |  |
| Utilities and |  | Utilities and |  | Reportable |  |  |  |  |  |
(in millions) | Infrastructure |  | Infrastructure |  | Segments |  | Other |  |  |  | Total
Total revenues | $ | 939 |  |  | $ | 359 |  |  | $ | 1,298 |  |  | $ | — |  |  |  |  | $ | 1,298 |
Segment income (loss)/Net income | $ | 103 |  |  | $ | 70 |  |  | $ | 173 |  |  | $ | (2) |  |  |  |  | $ | 171 |

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