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Dispositions (Tables)
 9 Months Ended
Sep. 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)September 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
Cost101 247 
Accumulated depreciation and amortization(24)(57)
Net property, plant and equipment77 190 
Operating lease right-of-use assets, net4 4 
Other— 3 
Total other noncurrent assets held for sale4 7 
Total Assets Held for Sale$85 $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
11 68 
Other3 37 
Total current liabilities associated with assets held for sale77 122 
Noncurrent Liabilities Associated with Assets Held for Sale
Long-Term debt— 39 
Operating lease liabilities5 5 
Asset retirement obligations5 8 
Unrealized losses on commodity hedges
61 94 
Other14 11 
Total other noncurrent liabilities associated with assets held for sale85 157 
Total Liabilities Associated with Assets Held for Sale$162 $279 
As of September 30, 2024, and December 31, 2023, the noncontrolling interest balance is $17 million and $66 million, respectively.
The following table presents the results of the Commercial Renewables Disposal Groups, which are included in Income (Loss) from Discontinued Operations, net of tax in Duke Energy's Consolidated Statements of Operations.
Three Months Ended
Nine Months Ended
September 30,
September 30,
(in millions)2024202320242023
Operating revenues$2 $103 $9 $293 
Operation, maintenance and other3 9319 270
Property and other taxes— 81 27
Other income and expenses, net— (2)— (9)
Interest expense1 103 53
Loss on disposal
17 169 22 1,603 
Loss before income taxes(19)(179)(36)(1,669)
Income tax benefit
(44)(27)(48)(353)
Income (Loss) from discontinued operations
$25 $(152)$12 $(1,316)
Add: Net (income) loss attributable to noncontrolling interest included in discontinued operations
(3)(38)(3)33 
Net income (loss) from discontinued operations attributable to Duke Energy Corporation
$22 $(190)$9 $(1,283)
The following table summarizes Duke Energy's cash flows from discontinued operations related to the Commercial Renewables Disposal Groups.
Nine Months Ended
September 30,
(in millions)20242023
Cash flows provided by (used in):
Operating activities$6 $545 
Investing activities(13)(597)