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Condensed Consolidated Balance Sheets - Piedmont - USD ($)
$ in Millions
Sep. 30, 2024
Dec. 31, 2023
Current Assets    
Cash and cash equivalents $ 376 $ 253
Receivables (net of allowance for doubtful accounts) 2,161 1,112
Inventory 4,338 4,292
Regulatory assets 2,300 3,648
Other (includes amounts related to VIEs) 447 431
Total current assets 12,142 12,769
Property, Plant and Equipment    
Cost 179,542 171,353
Accumulated depreciation and amortization (58,146) (56,038)
Net property, plant and equipment 121,396 115,315
Other Noncurrent Assets    
Goodwill 19,303 19,303
Regulatory assets 13,778 13,618
Operating lease right-of-use assets, net 1,146 1,092
Investments in equity method unconsolidated affiliates 477 492
Other 3,732 3,964
Total other noncurrent assets 50,028 48,809
Total Assets 183,566 176,893
Current Liabilities    
Accounts payable 3,953 4,228
Taxes accrued 1,016 816
Interest accrued 809 745
Current maturities of long-term debt 3,597 2,800
Regulatory liabilities 1,267 1,369
Other 2,122 2,319
Total current liabilities 17,427 17,283
Long-Term Debt (includes amounts related to VIEs) 76,524 72,452
Other Noncurrent Liabilities    
Deferred income taxes 10,859 10,556
Asset retirement obligations 9,511 8,560
Regulatory liabilities 14,926 14,039
Operating lease liabilities 956 917
Accrued pension and other post-retirement benefit costs 432 485
Other 1,731 1,393
Total other noncurrent liabilities 39,366 36,971
Commitments and Contingencies
Equity    
Common stock 1 1
Retained earnings 3,052 2,235
Total Duke Energy Corporation stockholders' equity 49,133 49,112
Noncontrolling interests 1,116 1,075
Total equity 50,249 50,187
Total Liabilities and Equity 183,566 176,893
Piedmont    
Current Assets    
Cash and cash equivalents 4 0
Inventory 58 112
Regulatory assets 154 161
Other (includes amounts related to VIEs) 80 7
Total current assets 434 601
Property, Plant and Equipment    
Cost 12,619 11,908
Accumulated depreciation and amortization (2,398) (2,259)
Net property, plant and equipment 10,221 9,649
Other Noncurrent Assets    
Goodwill 49 49
Regulatory assets 427 410
Operating lease right-of-use assets, net 4 4
Investments in equity method unconsolidated affiliates 78 78
Other 284 276
Total other noncurrent assets 842 817
Total Assets 11,497 11,067
Current Liabilities    
Accounts payable 196 315
Taxes accrued 53 89
Interest accrued 50 39
Current maturities of long-term debt 150 40
Regulatory liabilities 91 98
Other 75 77
Total current liabilities 1,192 1,250
Long-Term Debt (includes amounts related to VIEs) 3,853 3,628
Other Noncurrent Liabilities    
Deferred income taxes 1,007 933
Asset retirement obligations 27 26
Regulatory liabilities 958 988
Operating lease liabilities 8 10
Accrued pension and other post-retirement benefit costs 6 8
Other 176 172
Total other noncurrent liabilities 2,182 2,137
Commitments and Contingencies
Equity    
Common stock 1,635 1,635
Retained earnings 2,634 2,416
Total Duke Energy Corporation stockholders' equity 4,269 4,051
Noncontrolling interests 1 1
Total equity 4,270 4,052
Total Liabilities and Equity 11,497 11,067
Piedmont | Nonrelated Party    
Current Assets    
Receivables (net of allowance for doubtful accounts) 126 311
Piedmont | Affiliated Entity    
Current Assets    
Receivables (net of allowance for doubtful accounts) 12 10
Current Liabilities    
Accounts payable 64 54
Notes payable to affiliated companies $ 513 $ 538