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Dispositions (Tables)
 6 Months Ended
Jun. 30, 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)June 30, 2024December 31, 2023
Current Assets Held for Sale
Other$4 $14 
Total current assets held for sale4 14 
Noncurrent Assets Held for Sale
Property, Plant and Equipment
Cost98 247 
Accumulated depreciation and amortization(24)(57)
Net property, plant and equipment74 190 
Operating lease right-of-use assets, net4 4 
Other— 3 
Total other noncurrent assets held for sale4 7 
Total Assets Held for Sale$82 $211 
Current Liabilities Associated with Assets Held for Sale
Accounts payable$19 $9 
Taxes accrued1 3 
Current maturities of long-term debt43 5 
Unrealized losses on commodity hedges
16 68 
Other2 37 
Total current liabilities associated with assets held for sale81 122 
Noncurrent Liabilities Associated with Assets Held for Sale
Long-Term debt— 39 
Operating lease liabilities5 5 
Asset retirement obligations8 8 
Unrealized losses on commodity hedges
88 94 
Other11 11 
Total other noncurrent liabilities associated with assets held for sale112 157 
Total Liabilities Associated with Assets Held for Sale$193 $279 
As of June 30, 2024, and December 31, 2023, the noncontrolling interest balance is $13 million and $66 million, respectively.
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
Six Months Ended
June 30,
June 30,
(in millions)2024202320242023
Operating revenues$13 $110 $7 $190 
Operation, maintenance and other12 8816 177
Property and other taxes1 91 19
Other income and expenses, net— (3)— (7)
Interest expense— 122 43
Loss on disposal
15 1,214 5 1,434 
Loss before income taxes(15)(1,216)(17)(1,490)
Income tax benefit
(5)(261)(4)(326)
Loss from discontinued operations $(10)$(955)$(13)$(1,164)
Add: Net loss attributable to noncontrolling interest included in discontinued operations
— 7 — 71 
Net loss from discontinued operations attributable to Duke Energy Corporation
$(10)$(948)$(13)$(1,093)
The following table summarizes Duke Energy's cash flows from discontinued operations related to the Commercial Renewables Disposal Groups.
Six Months Ended
June 30,
(in millions)20242023
Cash flows provided by (used in):
Operating activities$7 $274 
Investing activities(13)(417)