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Dispositions (Tables)
 9 Months Ended
Sep. 30, 2025
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Dispositions
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 and Piedmont's Condensed Consolidated Balance Sheets.
September 30, 2025
Piedmont
Duke Energy
(in millions)
Piedmont Tennessee Disposal Group
Piedmont Tennessee Disposal Group
Commercial Renewables Disposal Groups
Total
Current Assets Held for Sale
Receivables, net$28 $28 $— $28 
Inventory12 12 — 12 
Other7 7 — 7 
Total current assets held for sale47 47 — 47 
Noncurrent Assets Held for Sale
Property, Plant and Equipment
Cost2,185 2,185 — 2,185 
Accumulated depreciation and amortization(414)(414)— (414)
Net property, plant and equipment1,771 1,771 — 1,771 
Goodwill
10 294 — 294 
Regulatory assets
41 41 — 41 
Total noncurrent assets held for sale
1,822 2,106 — 2,106 
Total Assets Held for Sale$1,869 $2,153 $— $2,153 
Current Liabilities Associated with Assets Held for Sale
Accounts payable$35 $35 $18 $53 
Other4 4 — 4 
Total current liabilities associated with assets held for sale39 39 18 57 
Noncurrent Liabilities Associated with Assets Held for Sale
Asset retirement obligations4 4 — 4 
Regulatory liabilities
158 158 — 158 
Other5 5 — 5 
Total noncurrent liabilities associated with assets held for sale
167 167 — 167 
Total Liabilities Associated with Assets Held for Sale$206 $206 $18 $224 
December 31, 2024
Piedmont
Duke Energy
(in millions)
Piedmont Tennessee Disposal Group
Piedmont Tennessee Disposal Group
Commercial Renewables Disposal Groups
Total
Current Assets Held for Sale
Receivables, net$64 $64 $— $64 
Inventory12 12 — 12 
Other16 16 4 20 
Total current assets held for sale92 92 4 96 
Noncurrent Assets Held for Sale
Property, Plant and Equipment
Cost2,069 2,069 109 2,178 
Accumulated depreciation and amortization(392)(392)(24)(416)
Net property, plant and equipment1,677 1,677 85 1,762 
Goodwill
10 294 — 294 
Regulatory assets
35 35 — 35 
Operating lease right-of-use assets, net— — 4 4 
Total noncurrent assets held for sale
1,722 2,006 89 2,095 
Total Assets Held for Sale$1,814 $2,098 $93 $2,191 
Current Liabilities Associated with Assets Held for Sale
Accounts payable$42 $42 $19 $61 
Taxes accrued1 1 1 2 
Current maturities of long-term debt— — 43 43 
Unrealized losses on commodity hedges
— — 13 13 
Other9 9 4 13 
Total current liabilities associated with assets held for sale52 52 80 132 
Noncurrent Liabilities Associated with Assets Held for Sale
Asset retirement obligations4 4 5 9 
Regulatory liabilities
173 173 — 173 
Operating lease liabilities— — 5 5 
Unrealized losses on commodity hedges
— — 66 66 
Other5 5 13 18 
Total noncurrent liabilities associated with assets held for sale
182 182 89 271 
Total Liabilities Associated with Assets Held for Sale$234 $234 $169 $403 
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 Condensed Consolidated Statements of Operations.
Three Months Ended
Nine Months Ended
September 30,
September 30,
(in millions)202420252024
Operating revenues$2 $4 $9 
Operation, maintenance and other31 19
Property and other taxes— — 1
Interest expense1 — 3
Loss on disposal
17 4 22 
Loss before income taxes(19)(1)(36)
Income tax benefit
(44)— (48)
Income (Loss) from discontinued operations $25 $(1)$12 
Add: Net income attributable to noncontrolling interest included in discontinued operations
(3)— (3)
Net income (loss) from discontinued operations attributable to Duke Energy Corporation
$22 $(1)$9 
The following table summarizes Duke Energy's cash flows from discontinued operations related to the Commercial Renewables Disposal Groups.
Nine Months Ended
September 30,
(in millions)20252024
Cash flows (used in) provided by:
Operating activities$(3)$6 
Investing activities— (13)