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Condensed Consolidated Balance Sheets - Piedmont - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Current Assets    
Cash and cash equivalents $ 475 $ 314
Receivables (net of allowance for doubtful accounts) 3,996 2,232
Inventory 4,418 4,509
Regulatory assets 2,538 2,756
Other (includes amounts related to VIEs) 780 695
Total current assets 12,775 12,950
Property, Plant and Equipment    
Cost 183,546 180,806
Accumulated depreciation and amortization (58,672) (57,503)
Net property, plant and equipment 124,874 123,303
Other Noncurrent Assets    
Goodwill 19,303 19,303
Regulatory assets 14,200 14,254
Operating lease right-of-use assets, net 1,219 1,148
Investments in equity method unconsolidated affiliates 357 353
Other 3,502 3,509
Total other noncurrent assets 49,827 50,090
Total Assets 187,476 186,343
Current Liabilities    
Accounts payable 4,442 5,479
Taxes accrued 794 851
Interest accrued 821 855
Current maturities of long-term debt 4,180 4,349
Regulatory liabilities 1,298 1,425
Other 1,861 2,084
Total current liabilities 16,625 19,357
Long-Term Debt (includes amounts related to VIEs) 79,700 76,340
Other Noncurrent Liabilities    
Deferred income taxes 11,609 11,424
Asset retirement obligations 9,350 9,342
Regulatory liabilities 14,466 14,694
Operating lease liabilities 1,033 957
Accrued pension and other post-retirement benefit costs 426 434
Other 1,585 1,556
Total other noncurrent liabilities 39,357 39,390
Commitments and Contingencies
Equity    
Common stock 1 1
Retained earnings 3,986 3,431
Total Duke Energy Corporation stockholders' equity 50,670 50,127
Noncontrolling interests 1,124 1,129
Total equity 51,794 51,256
Total Liabilities and Equity 187,476 186,343
Piedmont    
Current Assets    
Cash and cash equivalents 10 2
Inventory 61 78
Regulatory assets 109 158
Other (includes amounts related to VIEs) 10 11
Total current assets 606 633
Property, Plant and Equipment    
Cost 12,956 12,780
Accumulated depreciation and amortization (2,487) (2,432)
Net property, plant and equipment 10,469 10,348
Other Noncurrent Assets    
Goodwill 49 49
Regulatory assets 435 421
Operating lease right-of-use assets, net 3 4
Investments in equity method unconsolidated affiliates 76 76
Other 271 268
Total other noncurrent assets 834 818
Total Assets 11,909 11,799
Current Liabilities    
Accounts payable 209 237
Taxes accrued 123 84
Interest accrued 50 45
Current maturities of long-term debt 205 205
Regulatory liabilities 9 68
Other 79 76
Total current liabilities 1,304 1,480
Long-Term Debt (includes amounts related to VIEs) 3,799 3,798
Other Noncurrent Liabilities    
Deferred income taxes 1,013 1,018
Asset retirement obligations 29 29
Regulatory liabilities 960 956
Operating lease liabilities 2 7
Accrued pension and other post-retirement benefit costs 6 7
Other 151 150
Total other noncurrent liabilities 2,161 2,167
Commitments and Contingencies
Equity    
Common stock 1,635 1,635
Retained earnings 3,009 2,718
Total Duke Energy Corporation stockholders' equity 4,644 4,353
Noncontrolling interests 1 1
Total equity 4,645 4,354
Total Liabilities and Equity 11,909 11,799
Piedmont | Nonrelated Party    
Current Assets    
Receivables (net of allowance for doubtful accounts) 404 368
Piedmont | Affiliated Entity    
Current Assets    
Receivables (net of allowance for doubtful accounts) 12 16
Current Liabilities    
Accounts payable 49 26
Notes payable to affiliated companies $ 580 $ 739