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CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Millions | 12 Months Ended
--- | ---
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015
Operating Revenues |  |  |  |
Operating Revenues |  | $ 7,447 | $ 7,517 | $ 7,669
Operation |  |  |  |
Fuel |  | 759 | 791 | 863
Energy purchases |  | 685 | 706 | 855
Other operation and maintenance |  | 1,635 | 1,745 | 1,938
Depreciation |  | 1,008 | 926 | 883
Taxes, other than income |  | 292 | 301 | 299
Total Operating Expenses |  | 4,379 | 4,469 | 4,838
Operating Income |  | 3,068 | 3,048 | 2,831
Other Income (Expense) - net |  | (255) | 390 | 108
Interest Expense |  | 901 | 888 | 871
Income Before Income Taxes |  | 1,912 | 2,550 | 2,068
Income Taxes |  | 784 | 648 | 465
Income from continuing operations (net of income taxes) |  | 1,128 | 1,902 | 1,603
Loss from Discontinued Operations (net of income taxes) |  | 0 | 0 | (921)
Net income |  | $ 1,128 | $ 1,902 | $ 682
Income from Continuing Operations After Income Taxes Available to PPL Common Shareholders |  |  |  |
Basic (in dollars per share) |  | $ 1.64 | $ 2.80 | $ 2.38
Diluted (in dollars per share) |  | 1.64 | 2.79 | 2.37
Net Income Available to PPL Common Shareowners |  |  |  |
Basic (in dollars per share) |  | 1.64 | 2.80 | 1.01
Diluted (in dollars per share) |  | 1.64 | 2.79 | 1.01
Dividends Declared Per Share of Common Stock |  | $ 1.58 | $ 1.52 | $ 1.50
Weighted-Average Shares of Common Stock Outstanding (in thousands) |  |  |  |
Basic |  | 685,240 | 677,592 | 669,814
Diluted |  | 687,334 | 680,446 | 672,586
PPL Electric Utilities Corp [Member] |  |  |  |
Operating Revenues |  |  |  |
Operating Revenues |  | $ 2,195 | $ 2,156 | $ 2,124
Operation |  |  |  |
Energy purchases |  | 507 | 535 | 657
Energy purchases from affiliate |  | 0 | 0 | 14
Other operation and maintenance |  | 571 | 599 | 607
Depreciation |  | 309 | 253 | 214
Taxes, other than income |  | 107 | 105 | 94
Total Operating Expenses |  | 1,494 | 1,492 | 1,586
Operating Income |  | 701 | 664 | 538
Other Income (Expense) - net |  | 11 | 17 | 8
Interest Income from Affiliate |  | 5 | 0 | 0
Interest Expense |  | 142 | 129 | 130
Income Before Income Taxes |  | 575 | 552 | 416
Income Taxes |  | 213 | 212 | 164
Net income | [1] | 362 | 340 | 252
LG And E And KU Energy LLC [Member] |  |  |  |
Operating Revenues |  |  |  |
Operating Revenues |  | 3,156 | 3,141 | 3,115
Operation |  |  |  |
Fuel |  | 759 | 791 | 863
Energy purchases |  | 178 | 171 | 184
Other operation and maintenance |  | 806 | 804 | 837
Depreciation |  | 439 | 404 | 382
Taxes, other than income |  | 65 | 62 | 57
Total Operating Expenses |  | 2,247 | 2,232 | 2,323
Operating Income |  | 909 | 909 | 792
Other Income (Expense) - net |  | (3) | (9) | (8)
Interest Expense |  | 197 | 197 | 178
Interest Expense with Affiliates |  | 18 | 17 | 3
Income Before Income Taxes |  | 691 | 686 | 603
Income Taxes |  | 375 | 257 | 239
Net income |  | 316 | 429 | 364
Louisville Gas And Electric Co [Member] |  |  |  |
Operating Revenues |  |  |  |
Retail and wholesale |  | 1,422 | 1,406 | 1,407
Electric revenue from affiliates |  | 31 | 24 | 37
Operating Revenues |  | 1,453 | 1,430 | 1,444
Operation |  |  |  |
Fuel |  | 292 | 301 | 329
Energy purchases |  | 160 | 153 | 166
Energy purchases from affiliate |  | 10 | 14 | 20
Other operation and maintenance |  | 355 | 355 | 377
Depreciation |  | 183 | 170 | 162
Taxes, other than income |  | 33 | 32 | 28
Total Operating Expenses |  | 1,033 | 1,025 | 1,082
Operating Income |  | 420 | 405 | 362
Other Income (Expense) - net |  | (5) | (5) | (6)
Interest Expense |  | 71 | 71 | 57
Income Before Income Taxes |  | 344 | 329 | 299
Income Taxes |  | 131 | 126 | 114
Net income | [2] | 213 | 203 | 185
Kentucky Utilities Co [Member] |  |  |  |
Operating Revenues |  |  |  |
Retail and wholesale |  | 1,734 | 1,735 | 1,708
Electric revenue from affiliates |  | 10 | 14 | 20
Operating Revenues |  | 1,744 | 1,749 | 1,728
Operation |  |  |  |
Fuel |  | 467 | 490 | 534
Energy purchases |  | 18 | 18 | 18
Energy purchases from affiliate |  | 31 | 24 | 37
Other operation and maintenance |  | 424 | 424 | 435
Depreciation |  | 255 | 234 | 220
Taxes, other than income |  | 32 | 30 | 29
Total Operating Expenses |  | 1,227 | 1,220 | 1,273
Operating Income |  | 517 | 529 | 455
Other Income (Expense) - net |  | (3) | (5) | 1
Interest Expense |  | 96 | 96 | 82
Income Before Income Taxes |  | 418 | 428 | 374
Income Taxes |  | 159 | 163 | 140
Net income | [3] | $ 259 | $ 265 | $ 234
[1] | Net income equals comprehensive income.
[2] | Net income equals comprehensive income.
[3] | Net income approximates comprehensive income.

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