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Segment and Related Information (Tables) | 12 Months Ended
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Dec. 31, 2023
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:
| 2023 |  | 2022 |  | 2021
Operating Revenues from external customers (a) |  |  |  |  |
Kentucky Regulated | $ | 3,452 |  |  | $ | 3,811 |  |  | $ | 3,348 |
Pennsylvania Regulated | 3,008 |  |  | 3,030 |  |  | 2,402 |
Rhode Island Regulated | 1,851 |  |  | 1,038 |  |  | — |
Corporate and Other | 1 |  |  | 23 |  |  | 33 |
Total | $ | 8,312 |  |  | $ | 7,902 |  |  | $ | 5,783 |
Depreciation |  |  |  |  |
Kentucky Regulated | $ | 696 |  |  | $ | 685 |  |  | $ | 647 |
Pennsylvania Regulated | 397 |  |  | 393 |  |  | 424 |
Rhode Island Regulated | 156 |  |  | 92 |  |  | — |
Corporate and Other | 5 |  |  | 11 |  |  | 11 |
Total | $ | 1,254 |  |  | $ | 1,181 |  |  | $ | 1,082 |
Amortization (b) |  |  |  |  |
Kentucky Regulated | $ | 33 |  |  | $ | 23 |  |  | $ | 15 |
Pennsylvania Regulated | 41 |  |  | 22 |  |  | 19 |
Rhode Island Regulated | 1 |  |  | 2 |  |  | — |
Corporate and Other | 6 |  |  | 5 |  |  | 5 |
Total | $ | 81 |  |  | $ | 52 |  |  | $ | 39 |
| 2023 |  | 2022 |  | 2021
Interest Expense |  |  |  |  |
Kentucky Regulated | $ | 235 |  |  | $ | 205 |  |  | $ | 196 |
Pennsylvania Regulated | 223 |  |  | 171 |  |  | 162 |
Rhode Island Regulated | 83 |  |  | 39 |  |  | — |
Corporate and Other (c) | 125 |  |  | 98 |  |  | 560 |
Total | $ | 666 |  |  | $ | 513 |  |  | $ | 918 |
Income Before Income Taxes |  |  |  |  |
Kentucky Regulated | $ | 689 |  |  | $ | 678 |  |  | $ | 615 |
Pennsylvania Regulated | 687 |  |  | 699 |  |  | 599 |
Rhode Island Regulated | 112 |  |  | (58) |  |  | — |
Corporate and Other | (564) |  |  | (404) |  |  | (693) |
Total | $ | 924 |  |  | $ | 915 |  |  | $ | 521 |
Income Taxes (d) |  |  |  |  |
Kentucky Regulated | $ | 137 |  |  | $ | 129 |  |  | $ | 107 |
Pennsylvania Regulated | 168 |  |  | 174 |  |  | 154 |
Rhode Island Regulated | 16 |  |  | (14) |  |  | — |
Corporate and Other | (137) |  |  | (88) |  |  | 242 |
Total | $ | 184 |  |  | $ | 201 |  |  | $ | 503 |
Deferred income taxes and investment tax credits (e) |  |  |  |  |
Kentucky Regulated | $ | (17) |  |  | $ | 6 |  |  | $ | 272 |
Pennsylvania Regulated | 46 |  |  | 91 |  |  | 79 |
Rhode Island Regulated | 48 |  |  | 39 |  |  | — |
Corporate and Other | 245 |  |  | 43 |  |  | (264) |
Total | $ | 322 |  |  | $ | 179 |  |  | $ | 87 |
Net Income |  |  |  |  |
Kentucky Regulated | $ | 552 |  |  | $ | 549 |  |  | $ | 508 |
Pennsylvania Regulated | 519 |  |  | 525 |  |  | 445 |
Rhode Island Regulated | 96 |  |  | (44) |  |  | — |
Corporate and Other (c) | (427) |  |  | (316) |  |  | (935) |
Discontinued Operations | — |  |  | 42 |  |  | (1,498) |
Total | $ | 740 |  |  | $ | 756 |  |  | $ | (1,480) |
(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)2021 includes losses from the extinguishment of PPL Capital Funding debt. See Note 8 for additional information. (d)Represents both current and deferred income taxes, including investment tax credits. (e)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:
| 2023 |  | 2022 |  | 2021
Expenditures for long-lived assets |  |  |  |  |
Kentucky Regulated | $ | 950 |  |  | $ | 917 |  |  | $ | 1,026 |
Pennsylvania Regulated | 956 |  |  | 889 |  |  | 904 |
Rhode Island Regulated | 454 |  |  | 268 |  |  | — |
Corporate and Other | 30 |  |  | 84 |  |  | 49 |
Total | $ | 2,390 |  |  | $ | 2,158 |  |  | $ | 1,979 |
The following provides Balance Sheet data for the segments and reconciliation to PPL's consolidated results as of:
| As of December 31,
| 2023 |  | 2022
Total Assets |  |  |
Kentucky Regulated | $ | 17,029 |  |  | $ | 16,904 |
Pennsylvania Regulated | 14,294 |  |  | 13,565 |
Rhode Island Regulated | 6,515 |  |  | 6,081 |
Corporate and Other (a) | 1,398 |  |  | 1,287 |
Total | $ | 39,236 |  |  | $ | 37,837 |
(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 -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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