XML 30 R12.htm IDEA: XBRL DOCUMENT
v3.22.1

Income Taxes | 3 Months Ended
--- | ---
Mar. 31, 2022
Income Tax Disclosure [Abstract] |
Income Taxes | 5. Income Taxes Reconciliations of income tax expense (benefit) for the periods ended March 31 are as follows.
(PPL)
|  |  | Three Months
|  |  |  |  | 2022 |  | 2021
Federal income tax on Income from Continuing Operations Before Income Taxes at statutory tax rate - 21% |  |  |  |  | $ | 73 |  |  | $ | 55 |
Increase (decrease) due to: |  |  |  |  |  |  |
State income taxes, net of federal income tax benefit |  |  |  |  | 21 |  |  | 12 |
Valuation allowance adjustments |  |  |  |  | 3 |  |  | 8 |
Amortization of investment tax credit including deferred taxes on basis adjustment |  |  |  |  | (3) |  |  | (1) |
Depreciation and other items not normalized |  |  |  |  | (3) |  |  | (2) |
Amortization of excess deferred federal and state income taxes |  |  |  |  | (18) |  |  | (12) |
Other |  |  |  |  | 1 |  |  | (1) |
Total increase (decrease) |  |  |  |  | 1 |  |  | 4 |
Total income tax expense (benefit) |  |  |  |  | $ | 74 |  |  | $ | 59 |
(PPL Electric) |  |  |  |  |  |  |
|  |  | Three Months
|  |  |  |  | 2022 |  | 2021
Federal income tax on Income Before Income Taxes at statutory tax rate - 21% |  |  |  |  | $ | 41 |  |  | $ | 32 |
Increase (decrease) due to: |  |  |  |  |  |  |
State income taxes, net of federal income tax benefit |  |  |  |  | 16 |  |  | 12 |
Depreciation and other items not normalized |  |  |  |  | (3) |  |  | (2) |
Amortization of excess deferred federal income taxes |  |  |  |  | (3) |  |  | (3) |
Other |  |  |  |  | (1) |  |  | (2) |
Total increase (decrease) |  |  |  |  | 9 |  |  | 5 |
Total income tax expense (benefit) |  |  |  |  | $ | 50 |  |  | $ | 37 |
(LG&E) |  |  |  |  |  |  |
|  |  | Three Months
|  |  |  |  | 2022 |  | 2021
Federal income tax on Income Before Income Taxes at statutory tax rate - 21% |  |  |  |  | $ | 24 |  |  | $ | 20 |
Increase (decrease) due to: |  |  |  |  |  |  |
State income taxes, net of federal income tax benefit |  |  |  |  | 4 |  |  | 4 |
Amortization of excess deferred federal and state income taxes |  |  |  |  | (7) |  |  | (3) |
Other |  |  |  |  | (2) |  |  | (2) |
Total increase (decrease) |  |  |  |  | (5) |  |  | (1) |
Total income tax expense (benefit) |  |  |  |  | $ | 19 |  |  | $ | 19 |
(KU) |  |  |  |  |  |  |
|  |  | Three Months
|  |  |  |  | 2022 |  | 2021
Federal income tax on Income Before Income Taxes at statutory tax rate - 21% |  |  |  |  | $ | 28 |  |  | $ | 22 |
Increase (decrease) due to: |  |  |  |  |  |  |
State income taxes, net of federal income tax benefit |  |  |  |  | 5 |  |  | 4 |
Amortization of excess deferred federal and state income taxes |  |  |  |  | (6) |  |  | (4) |
Other |  |  |  |  | (3) |  |  | (1) |
Total increase (decrease) |  |  |  |  | (4) |  |  | (1) |
Total income tax expense (benefit) |  |  |  |  | $ | 24 |  |  | $ | 21 |

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 21 -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32857-109319 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 11.C) -URI http://asc.fasb.org/extlink&oid=122134291&loc=d3e330215-122817 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 17 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32809-109319 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 6.I.5.Q1) -URI http://asc.fasb.org/extlink&oid=122134291&loc=d3e330036-122817 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 14 -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32705-109319 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 270 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6424409&loc=d3e44925-109338 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -URI http://asc.fasb.org/topic&trid=2144680 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6424122&loc=d3e41874-109331 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(h)(2)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 + Details
Name: | us-gaap_IncomeTaxDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration