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Business Segments
 6 Months Ended
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
ElectricGasTotal
Utilities andUtilities andReportable
(in millions)InfrastructureInfrastructureSegmentsOtherEliminationsTotal
Unaffiliated revenues$6,802 $359 $7,161 $11 $— $7,172 
Intersegment revenues18 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 dividend14 
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
ElectricGasTotal
Utilities andUtilities andReportable
(in millions)InfrastructureInfrastructureSegmentsOtherEliminationsTotal
Unaffiliated revenues$6,232 $337 $6,569 $9 $— $6,578 
Intersegment revenues18 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 dividend14 
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
ElectricGasTotal
Utilities andUtilities andReportable
(in millions)InfrastructureInfrastructureSegmentsOtherEliminationsTotal
Unaffiliated revenues$13,587 $1,238 $14,825 $18 $— $14,843 
Intersegment revenues36 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 dividend53 
Discontinued operations(13)
Net Income$2,072 
Six Months Ended June 30, 2023
ElectricGasTotal
Utilities andUtilities andReportable
(in millions)InfrastructureInfrastructureSegmentsOtherEliminationsTotal
Unaffiliated revenues$12,613 $1,225 $13,838 $16 $— $13,854 
Intersegment revenues35 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 dividend53 
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
ElectricGasTotal
Utilities andUtilities andReportable
(in millions)InfrastructureInfrastructureSegmentsOtherEliminationsTotal
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
ElectricGasTotal
Utilities andUtilities andReportable
(in millions)InfrastructureInfrastructureSegmentsOtherTotal
Total revenues$465 $124 $589 $— $589 
Segment income (loss)/Net income
$54 $18 $72 $(1)$71 
Six Months Ended June 30, 2024
ElectricGasTotal
Utilities andUtilities andReportable
(in millions)InfrastructureInfrastructureSegmentsOtherTotal
Total revenues$934 $352 $1,286 $— $1,286 
Segment income (loss)/Net income$124 $50 $174 $(3)$171 
Six Months Ended June 30, 2023
ElectricGasTotal
Utilities andUtilities andReportable
(in millions)InfrastructureInfrastructureSegmentsOtherTotal
Total revenues$939 $359 $1,298 $— $1,298 
Segment income (loss)/Net income$103 $70 $173 $(2)$171