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v3.22.4

Segment and Related Information (Tables) | 12 Months Ended
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Dec. 31, 2022
Segment Reporting [Abstract] |
Segment and Related Information | Income Statement data for the segments and reconciliation to PPL's consolidated results for the years ended December 31 are as follows:
| 2022 |  | 2021 |  | 2020
Operating Revenues from external customers (a) |  |  |  |  |
Kentucky Regulated | $ | 3,811 |  |  | $ | 3,348 |  |  | $ | 3,106 |
Pennsylvania Regulated | 3,030 |  |  | 2,402 |  |  | 2,330 |
Rhode Island Regulated | 1,038 |  |  | — |  |  | — |
Corporate and Other | 23 |  |  | 33 |  |  | 38 |
Total | $ | 7,902 |  |  | $ | 5,783 |  |  | $ | 5,474 |
Depreciation |  |  |  |  |
Kentucky Regulated | $ | 685 |  |  | $ | 647 |  |  | $ | 606 |
Pennsylvania Regulated | 393 |  |  | 424 |  |  | 403 |
Rhode Island Regulated | 92 |  |  | — |  |  | — |
Corporate and Other | 11 |  |  | 11 |  |  | 13 |
Total | $ | 1,181 |  |  | $ | 1,082 |  |  | $ | 1,022 |
Amortization (b) |  |  |  |  |
Kentucky Regulated | $ | 23 |  |  | $ | 15 |  |  | $ | 19 |
Pennsylvania Regulated | 22 |  |  | 19 |  |  | 26 |
Rhode Island Regulated | 2 |  |  | — |  |  | — |
Corporate and Other | 5 |  |  | 5 |  |  | 13 |
Total | $ | 52 |  |  | $ | 39 |  |  | $ | 58 |
| 2022 |  | 2021 |  | 2020
Interest Expense (c) |  |  |  |  |
Kentucky Regulated | $ | 262 |  |  | $ | 249 |  |  | $ | 300 |
Pennsylvania Regulated | 171 |  |  | 162 |  |  | 172 |
Rhode Island Regulated | 39 |  |  | — |  |  | — |
Corporate and Other (d) | 41 |  |  | 507 |  |  | 162 |
Total | $ | 513 |  |  | $ | 918 |  |  | $ | 634 |
Income Before Income Taxes |  |  |  |  |
Kentucky Regulated | $ | 621 |  |  | $ | 562 |  |  | $ | 516 |
Pennsylvania Regulated | 699 |  |  | 599 |  |  | 664 |
Rhode Island Regulated | (58) |  |  | — |  |  | — |
Corporate and Other | (347) |  |  | (640) |  |  | (226) |
Total | $ | 915 |  |  | $ | 521 |  |  | $ | 954 |
Income Taxes (e) |  |  |  |  |
Kentucky Regulated | $ | 114 |  |  | $ | 94 |  |  | $ | 98 |
Pennsylvania Regulated | 174 |  |  | 154 |  |  | 167 |
Rhode Island Regulated | (14) |  |  | — |  |  | — |
Corporate and Other | (73) |  |  | 255 |  |  | 49 |
Total | $ | 201 |  |  | $ | 503 |  |  | $ | 314 |
Deferred income taxes and investment tax credits (f) |  |  |  |  |
Kentucky Regulated | $ | 6 |  |  | $ | 272 |  |  | $ | 64 |
Pennsylvania Regulated | 91 |  |  | 79 |  |  | 82 |
Rhode Island Regulated | 39 |  |  | — |  |  | — |
Corporate and Other | 43 |  |  | (264) |  |  | 23 |
Total | $ | 179 |  |  | $ | 87 |  |  | $ | 169 |
Net Income |  |  |  |  |
Kentucky Regulated | $ | 507 |  |  | $ | 468 |  |  | $ | 418 |
Pennsylvania Regulated | 525 |  |  | 445 |  |  | 497 |
Rhode Island Regulated | (44) |  |  | — |  |  | — |
Corporate and Other (d) | (274) |  |  | (895) |  |  | (275) |
Discontinued Operations | 42 |  |  | (1,498) |  |  | 829 |
Total | $ | 756 |  |  | $ | (1,480) |  |  | $ | 1,469 |
(a)See Note 1 and Note 3 for additional information on Operating Revenues. (b)Represents non-cash expense items that include amortization of operating lease right-of-use assets, regulatory assets and liabilities, debt discounts and premiums and debt issuance costs. (c)Beginning in 2021, corporate level financing costs are no longer allocated to the reportable segments and are being reported in Corporate and Other. For the year ended December 31, 2020, corporate level financing costs of $32 million, net of $8 million of income taxes, were allocated to the Kentucky Regulated segment. For the year ended December 31, 2020, an immaterial amount of financing costs was allocated to the Pennsylvania Regulated segment. (d)2021 includes losses from the extinguishment of PPL Capital Funding debt. See Note 8 for additional information. (e)Represents both current and deferred income taxes, including investment tax credits. (f)Represents a non-cash expense item that is also included in "Income Taxes." Cash Flow data for the segments and reconciliation to PPL's consolidated results for the years ended December 31 are as follows:
| 2022 |  | 2021 |  | 2020
Expenditures for long-lived assets |  |  |  |  |
Kentucky Regulated | $ | 917 |  |  | $ | 1,026 |  |  | $ | 966 |
Pennsylvania Regulated | 889 |  |  | 904 |  |  | 1,154 |
Rhode Island Regulated | 268 |  |  | — |  |  | — |
Corporate and Other | 84 |  |  | 49 |  |  | 158 |
Total | $ | 2,158 |  |  | $ | 1,979 |  |  | $ | 2,278 |
The following provides Balance Sheet data for the segments and reconciliation to PPL's consolidated results as of:
| As of December 31,
| 2022 |  | 2021
Total Assets |  |  |
Kentucky Regulated | $ | 16,904 |  |  | $ | 16,360 |
Pennsylvania Regulated | 13,565 |  |  | 13,336 |
Rhode Island Regulated | 6,081 |  |  | — |
Corporate and Other (a) | 1,287 |  |  | 3,527 |
Total | $ | 37,837 |  |  | $ | 33,223 |
(a)Primarily consists of unallocated items, including cash, PP&E, goodwill, and the elimination of inter-segment transactions.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
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