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Condensed Consolidated Balance Sheets - Piedmont - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Current Assets    
Cash and cash equivalents $ 314 $ 253
Receivables of VIEs (net of allowance for doubtful accounts) 2,232 1,112
Inventory (includes $494 at 2024 and $462 at 2023 related to VIEs) 4,509 4,292
Regulatory assets 2,756 3,648
Other (includes amounts related to VIEs) 695 431
Total current assets 12,950 12,769
Property, Plant and Equipment    
Cost 180,806 171,353
Accumulated depreciation and amortization (57,503) (56,038)
Net property, plant and equipment 123,303 115,315
Other Noncurrent Assets    
Goodwill 19,303 19,303
Other Noncurrent Assets: Regulatory assets 14,254 13,618
Operating lease right-of-use assets, net 1,148 1,092
Investments in equity method unconsolidated affiliates 353 492
Other (including amounts related to VIEs) 3,509 3,964
Total other noncurrent assets 50,090 48,809
Total Assets 186,343 176,893
Current Liabilities    
Accounts payable (includes $214 at 2024 and $188 at 2023 related to VIEs) 5,479 4,228
Taxes accrued 851 816
Interest accrued 855 745
Current maturities of long-term debt 4,349 2,800
Regulatory liabilities 1,425 1,369
Other 2,084 2,319
Total current liabilities 19,357 17,283
Long-Term Debt (includes amounts related to VIEs) 76,340 72,452
Other Noncurrent Liabilities    
Deferred income taxes 11,424 10,556
Total noncurrent asset retirement obligation 9,342 8,560
Total noncurrent regulatory liabilities 14,694 14,039
Operating lease liabilities 957 917
Accrued pension and other post-retirement benefit costs 434 485
Other noncurrent liabilities 1,556 1,393
Total other noncurrent liabilities 39,390 36,971
Commitments and Contingencies
Equity    
Common stock 1 1
Retained earnings 3,431 2,235
Total Duke Energy Corporation stockholders' equity 50,127 49,112
Noncontrolling interests 1,129 1,075
Total equity 51,256 50,187
Total Liabilities and Equity 186,343 176,893
Piedmont    
Current Assets    
Cash and cash equivalents 2 0
Receivables of VIEs (net of allowance for doubtful accounts) 368 311
Inventory (includes $494 at 2024 and $462 at 2023 related to VIEs) 78 112
Regulatory assets 158 161
Other (includes amounts related to VIEs) 11 7
Total current assets 633 601
Property, Plant and Equipment    
Cost 12,780 11,908
Accumulated depreciation and amortization (2,432) (2,259)
Net property, plant and equipment 10,348 9,649
Other Noncurrent Assets    
Goodwill 49 49
Other Noncurrent Assets: Regulatory assets 421 410
Operating lease right-of-use assets, net 4 4
Investments in equity method unconsolidated affiliates 76 78
Other (including amounts related to VIEs) 268 276
Total other noncurrent assets 818 817
Total Assets 11,799 11,067
Current Liabilities    
Accounts payable (includes $214 at 2024 and $188 at 2023 related to VIEs) 237 315
Taxes accrued 84 89
Interest accrued 45 39
Current maturities of long-term debt 205 40
Regulatory liabilities 68 98
Other 76 77
Total current liabilities 1,480 1,250
Long-Term Debt (includes amounts related to VIEs) 3,798 3,628
Other Noncurrent Liabilities    
Deferred income taxes 1,018 933
Total noncurrent asset retirement obligation 29 26
Total noncurrent regulatory liabilities 956 988
Operating lease liabilities 7 10
Accrued pension and other post-retirement benefit costs 7 8
Other noncurrent liabilities 150 172
Total other noncurrent liabilities 2,167 2,137
Commitments and Contingencies
Equity    
Common stock 1,635 1,635
Retained earnings 2,718 2,416
Total Duke Energy Corporation stockholders' equity 4,353 4,051
Noncontrolling interests 1 1
Total equity 4,354 4,052
Total Liabilities and Equity 11,799 11,067
Piedmont | Affiliated entity    
Current Assets    
Receivables of VIEs (net of allowance for doubtful accounts) 16 10
Current Liabilities    
Accounts payable (includes $214 at 2024 and $188 at 2023 related to VIEs) 26 54
Notes payable to affiliated companies $ 739 $ 538