XML 82 R40.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Condensed Consolidated Balance Sheets - Piedmont - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Current Assets    
Cash and cash equivalents $ 390 $ 253
Receivables (net of allowance for doubtful accounts) 2,127 1,112
Inventory 4,390 4,292
Regulatory assets 2,663 3,648
Other (includes amounts related to VIEs) 436 431
Total current assets 12,557 12,769
Property, Plant and Equipment    
Cost 177,974 171,353
Accumulated depreciation and amortization (57,874) (56,038)
Net property, plant and equipment 120,100 115,315
Other Noncurrent Assets    
Goodwill 19,303 19,303
Regulatory assets 13,446 13,618
Operating lease right-of-use assets, net 1,108 1,092
Investments in equity method unconsolidated affiliates 483 492
Other 3,556 3,964
Total other noncurrent assets 48,918 48,809
Total Assets 181,575 176,893
Current Liabilities    
Accounts payable 3,777 4,228
Taxes accrued 748 816
Interest accrued 790 745
Current maturities of long-term debt 2,340 2,800
Regulatory liabilities 1,228 1,369
Other 2,212 2,319
Total current liabilities 15,482 17,283
Long-Term Debt (includes amounts related to VIEs) 76,439 72,452
Other Noncurrent Liabilities    
Deferred income taxes 10,773 10,556
Asset retirement obligations 9,718 8,560
Regulatory liabilities 14,557 14,039
Operating lease liabilities 925 917
Accrued pension and other post-retirement benefit costs 437 485
Other 1,466 1,393
Total other noncurrent liabilities 38,848 36,971
Commitments and Contingencies
Equity    
Common stock 1 1
Retained earnings 2,635 2,235
Total Duke Energy Corporation stockholders' equity 49,707 49,112
Noncontrolling interests 1,099 1,075
Total equity 50,806 50,187
Total Liabilities and Equity 181,575 176,893
Piedmont    
Current Assets    
Cash and cash equivalents 3 0
Inventory 47 112
Regulatory assets 135 161
Other (includes amounts related to VIEs) 67 7
Total current assets 412 601
Property, Plant and Equipment    
Cost 12,409 11,908
Accumulated depreciation and amortization (2,353) (2,259)
Net property, plant and equipment 10,056 9,649
Other Noncurrent Assets    
Goodwill 49 49
Regulatory assets 416 410
Operating lease right-of-use assets, net 4 4
Investments in equity method unconsolidated affiliates 78 78
Other 286 276
Total other noncurrent assets 833 817
Total Assets 11,301 11,067
Current Liabilities    
Accounts payable 208 315
Taxes accrued 37 89
Interest accrued 39 39
Current maturities of long-term debt 40 40
Regulatory liabilities 85 98
Other 72 77
Total current liabilities 1,223 1,250
Long-Term Debt (includes amounts related to VIEs) 3,629 3,628
Other Noncurrent Liabilities    
Deferred income taxes 972 933
Asset retirement obligations 27 26
Regulatory liabilities 970 988
Operating lease liabilities 9 10
Accrued pension and other post-retirement benefit costs 6 8
Other 171 172
Total other noncurrent liabilities 2,155 2,137
Commitments and Contingencies
Equity    
Common stock 1,635 1,635
Retained earnings 2,658 2,416
Total Duke Energy Corporation stockholders' equity 4,293 4,051
Noncontrolling interests 1 1
Total equity 4,294 4,052
Total Liabilities and Equity 11,301 11,067
Piedmont | Nonrelated Party    
Current Assets    
Receivables (net of allowance for doubtful accounts) 148 311
Piedmont | Affiliated Entity    
Current Assets    
Receivables (net of allowance for doubtful accounts) 12 10
Current Liabilities    
Accounts payable 58 54
Notes payable to affiliated companies $ 684 $ 538