XML 149 R87.htm IDEA: XBRL DOCUMENT v3.25.0.1

Leases (Tables)

12 Months Ended

Dec. 31, 2024

Leases [Abstract]

Lease Costs and Cash Flows Information

The following tables present the components of lease expense.

			Year Ended December 31, 2024
									Duke												Duke						Duke						Duke						Duke
			Duke						Energy						Progress						Energy						Energy						Energy						Energy
(in millions)			Energy						Carolinas						Energy						Progress						Florida						Ohio						Indiana						Piedmont
Operating lease expense(a)			$	275					$	66					$	173					$	82					$	91					$	12					$	23					$	2
Short-term lease expense(a)			7						—						3						1						2						—						1						—
Variable lease expense(a)			33						2						29						19						10						—						1						1
Finance lease expense
Amortization of leased assets(b)			113						7						46						38						8						—						—						—
Interest on lease liabilities(c)			41						31						44						41						3						—						1						—
Total finance lease expense			154						38						90						79						11						—						1						—
Total lease expense			$	469					$	106					$	295					$	181					$	114					$	12					$	26					$	3

			Year Ended December 31, 2023
									Duke												Duke						Duke						Duke						Duke
			Duke						Energy						Progress						Energy						Energy						Energy						Energy
(in millions)			Energy						Carolinas						Energy						Progress						Florida						Ohio						Indiana						Piedmont
Operating lease expense(a)			$	236					$	41					$	157					$	80					$	77					$	11					$	17					$	2
Short-term lease expense(a)			5						—						2						1						1						—						1						—
Variable lease expense(a)			27						2						22						11						11						—						—						1
Finance lease expense
Amortization of leased assets(b)			160						7						57						35						22						—						—						—
Interest on lease liabilities(c)			46						31						45						43						2						—						1						—
Total finance lease expense			206						38						102						78						24						—						1						—
Total lease expense			$	474					$	81					$	283					$	170					$	113					$	11					$	19					$	3

(a)    Included in Operations, maintenance and other, except for expense related to barges and railcars which is included in Fuel used in electric generation and purchased power on the Consolidated Statements of Operations.

(b)    Included in Depreciation and amortization on the Consolidated Statements of Operations.

(c)    Included in Interest Expense on the Consolidated Statements of Operations.

			Year Ended December 31, 2024
									Duke												Duke						Duke						Duke						Duke
			Duke						Energy						Progress						Energy						Energy						Energy						Energy
(in millions)			Energy						Carolinas						Energy						Progress						Florida						Ohio						Indiana						Piedmont
Cash paid for amounts included in the measurement of lease liabilities(a)
Operating cash flows from operating leases			$	250					$	24					$	122					$	57					$	65					$	1					$	8					$	1
Operating cash flows from finance leases			41						31						44						41						3						—						1						—
Financing cash flows from finance leases			113						7						46						38						8						—						—						—
Lease assets obtained in exchange for new lease liabilities (non-cash)
Operating			$	322					$	50					$	43					$	3					$	40					$	—					$	7					$	3
Finance			81						1						55						—						55						—						1						—

			Year Ended December 31, 2023
									Duke												Duke						Duke						Duke						Duke
			Duke						Energy						Progress						Energy						Energy						Energy						Energy
(in millions)			Energy						Carolinas						Energy						Progress						Florida						Ohio						Indiana						Piedmont
Cash paid for amounts included in the measurement of lease liabilities(a)
Operating cash flows from operating leases			$	228					$	18					$	123					$	64					$	59					$	2					$	7					$	—
Operating cash flows from finance leases			46						31						45						43						2						—						1						—
Financing cash flows from finance leases			160						7						57						35						22						—						—						—
Lease assets obtained in exchange for new lease liabilities (non-cash)
Operating			$	286					$	14					$	92					$	1					$	91					$	2					$	6					$	2
Finance			36						—						—						—						—						—						—						—

(a)    No amounts were classified as investing cash flows from operating leases.

Operating Lease Maturities

The following table presents operating lease maturities and a reconciliation of the undiscounted cash flows to operating lease liabilities.

			December 31, 2024
									Duke												Duke						Duke						Duke						Duke
			Duke						Energy						Progress						Energy						Energy						Energy						Energy
(in millions)			Energy						Carolinas						Energy						Progress						Florida						Ohio						Indiana						Piedmont
2025			$	256					$	24					$	121					$	55					$	66					$	1					$	7					$	5
2026			241						21						124						59						65						1						7						1
2027			191						14						97						60						37						1						5						1
2028			153						11						82						59						23						1						3						1
2029			120						10						74						52						22						1						3						—
Thereafter			458						53						307						156						151						4						24						—
Total operating lease payments			1,419						133						805						441						364						9						49						8
Less: Present value discount			(254)						(26)						(151)						(67)						(84)						(2)						(10)						—
Total operating lease liabilities(a)			$	1,165					$	107					$	654					$	374					$	280					$	7					$	39					$	8

(a)    Certain operating lease payments include renewal options that are reasonably certain to be exercised.

Maturities of Finance Lease Liabilities

The following table presents finance lease maturities and a reconciliation of the undiscounted cash flows to finance lease liabilities.

			December 31, 2024
									Duke												Duke						Duke												Duke
			Duke						Energy						Progress						Energy						Energy												Energy
(in millions)			Energy						Carolinas						Energy						Progress						Florida												Indiana
2025			$	86					$	38					$	91					$	80					$	11											$	1
2026			87						38						92						81						11												1
2027			82						38						89						81						8												1
2028			79						38						87						81						6												1
2029			79						38						88						81						7												1
Thereafter			489						351						444						393						51												21
Total finance lease payments			902						541						891						797						94												26
Less: Amounts representing interest			(332)						(271)						(310)						(282)						(28)												(16)
Total finance lease liabilities			$	570					$	270					$	581					$	515					$	66											$	10

Balance Sheet Amounts Recorded for Operating and Finance Leases

The following tables contain additional information related to leases.

						December 31, 2024
												Duke												Duke						Duke						Duke						Duke
						Duke						Energy						Progress						Energy						Energy						Energy						Energy
(in millions)			Classification			Energy						Carolinas						Energy						Progress						Florida						Ohio						Indiana						Piedmont
Assets
Operating			Operating lease ROU assets, net			$	1,148					$	98					$	625					$	348					$	277					$	6					$	37					$	4
Finance			Net property, plant and equipment			645						252						620						512						108						—						6						—
Total lease assets						$	1,793					$	350					$	1,245					$	860					$	385					$	6					$	43					$	4
Liabilities
Current
Operating			Other current liabilities			$	208					$	20					$	97					$	42					$	55					$	1					$	6					$	1
Finance			Current maturities of long-term debt			46						8						48						41						7						—						—						—
Noncurrent
Operating			Operating lease liabilities			957						87						557						332						225						6						33						7
Finance			Long-Term Debt			524						262						533						474						59						—						10						—
Total lease liabilities						$	1,735					$	377					$	1,235					$	889					$	346					$	7					$	49					$	8

						December 31, 2023
												Duke												Duke						Duke						Duke						Duke
						Duke						Energy						Progress						Energy						Energy						Energy						Energy
(in millions)			Classification			Energy						Carolinas						Energy						Progress						Florida						Ohio						Indiana						Piedmont
Assets
Operating			Operating lease ROU assets, net			$	1,092					$	78					$	617					$	318					$	299					$	16					$	50					$	4
Finance			Net property, plant and equipment			687						268						615						552						63						—						6						—
Total lease assets						$	1,779					$	346					$	1,232					$	870					$	362					$	16					$	56					$	4
Liabilities
Current
Operating			Other current liabilities			$	188					$	15					$	94					$	45					$	49					$	1					$	6					$	—
Finance			Current maturities of long-term debt			115						8						46						38						8						—						—						—
Noncurrent
Operating			Operating lease liabilities			917						75						544						293						251						16						46						10
Finance			Long-Term Debt			524						269						525						514						11						—						9						—
Total lease liabilities						$	1,744					$	367					$	1,209					$	890					$	319					$	17					$	61					$	10

Supplemental Lease Information

			December 31, 2024
									Duke												Duke						Duke						Duke						Duke
			Duke						Energy						Progress						Energy						Energy						Energy						Energy
			Energy						Carolinas						Energy						Progress						Florida						Ohio						Indiana						Piedmont
Weighted average remaining lease term (years)
Operating leases			8						9						9						8						11						11						11						4
Finance leases			11						15						11						10						15						—						20						—
Weighted average discount rate(a)
Operating leases			4.3		%				4.3		%				4.0		%				3.9		%				4.2		%				4.1		%				4.0		%				3.9		%
Finance leases			8.4		%				11.5		%				8.9		%				9.2		%				5.9		%				—		%				11.7		%				—		%

			December 31, 2023
									Duke												Duke						Duke						Duke						Duke
			Duke						Energy						Progress						Energy						Energy						Energy						Energy
			Energy						Carolinas						Energy						Progress						Florida						Ohio						Indiana						Piedmont
Weighted average remaining lease term (years)
Operating leases			9						10						10						9						11						13						13						4
Finance leases			11						16						11						11						18						—						22						3
Weighted average discount rate(a)
Operating leases			3.1		%				4.0		%				3.8		%				3.6		%				4.0		%				4.2		%				3.9		%				2.4		%
Finance leases			8.5		%				11.5		%				9.1		%				9.2		%				7.6		%				—		%				11.9		%				5.4		%

(a)    The discount rate is calculated using the rate implicit in a lease if it is readily determinable. Generally, the rate used by the lessor is not provided to Duke Energy and in these cases the incremental borrowing rate is used. Duke Energy will typically use its fully collateralized incremental borrowing rate as of the commencement date to calculate and record the lease. The incremental borrowing rate is influenced by the lessee’s credit rating and lease term and as such may differ for individual leases, embedded leases or portfolios of leased assets.

X

- Definition

Assets And Liabilities, Lessee [Table Text Block]

+ References

No definition available.

+ Details

Name:	duk_AssetsAndLiabilitiesLesseeTableTextBlock
Namespace Prefix:	duk_
Data Type:	dtr-types1:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Lessee, Lease, Supplemental Information [Table Text Block]

+ References

No definition available.

+ Details

Name:	duk_LesseeLeaseSupplementalInformationTableTextBlock
Namespace Prefix:	duk_
Data Type:	dtr-types1:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478964/842-20-50-6

+ Details

Name:	us-gaap_FinanceLeaseLiabilityMaturityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478964/842-20-50-4

+ Details

Name:	us-gaap_LeaseCostTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_LeasesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478964/842-20-50-6

+ Details

Name:	us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration