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Segment and Related Information (Tables) | 12 Months Ended
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Dec. 31, 2025
Segment Reporting [Abstract] |
Segment and Related Information | The tables below provide information about PPL's segments and include a reconciliation of segment net income to consolidated net income for the year ended December 31, 2025:
| Kentucky Regulated |  | Pennsylvania Regulated |  | Rhode Island Regulated |  | Total
Operating Revenues from external customers (a) | $ | 3,760 |  |  | $ | 3,113 |  |  | $ | 2,168 |  |  | $ | 9,041 |
Reconciliation of revenue |  |  |  |  |  |  |
Corporate and other revenues |  |  |  |  |  |  | 1 |
Total consolidated revenues |  |  |  |  |  |  | $ | 9,042 |
Less: |  |  |  |  |  |  |
Fuel | 855 |  |  | — |  |  | — |  |  | 855 |
Energy Purchases | 214 |  |  | 876 |  |  | 802 |  |  | 1,892 |
Operation and maintenance | 818 |  |  | 630 |  |  | 851 |  |  | 2,299 |
Depreciation | 717 |  |  | 413 |  |  | 177 |  |  | 1,307 |
Taxes, other than income | 102 |  |  | 151 |  |  | 170 |  |  | 423 |
Other (income) expense - net | (53) |  |  | (48) |  |  | (33) |  |  | (134) |
Interest (income) from affiliate | — |  |  | (9) |  |  | (3) |  |  | (12) |
Interest expense | 264 |  |  | 257 |  |  | 111 |  |  | 632 |
Income taxes | 169 |  |  | 204 |  |  | 8 |  |  | 381 |
Segment net income | $ | 674 |  |  | $ | 639 |  |  | $ | 85 |  |  | $ | 1,398 |
Reconciliation of segment profit or loss to consolidated net income |  |  |  |  |  |  |
Corporate and other net loss |  |  |  |  |  |  | (217) |
Net Income |  |  |  |  |  |  | $ | 1,181 |
(a)See Note 1 and Note 3 for additional information on Operating Revenues. Other information for the segments and reconciliation to PPL's Consolidated results for the year ended December 31, 2025 are as follows:
| Kentucky Regulated |  | Pennsylvania Regulated |  | Rhode Island Regulated |  | Total Segments |  | Corporate and Other |  | Consolidated Total
Other Segment Disclosures |  |  |  |  |  |  |  |  |  |  |
Amortization (a) | $ | 43 |  |  | $ | 48 |  |  | $ | 1 |  |  | $ | 92 |  |  | $ | 12 |  |  | $ | 104 |
Deferred income taxes and investment tax credits (b) | (9) |  |  | 24 |  |  | 28 |  |  | 43 |  |  | 149 |  |  | 192 |
Expenditures for long lived assets | 1,752 |  |  | 1,620 |  |  | 668 |  |  | 4,040 |  |  | 2 |  |  | 4,042 |
(a)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. (b)Represents a non-cash expense item that is also included in "Income Taxes." The tables below provide information about PPL's segments and include a reconciliation of segment net income to consolidated net income for the year ended December 31, 2024:
| Kentucky Regulated |  | Pennsylvania Regulated |  | Rhode Island Regulated |  | Total
Operating Revenues from external customers (a) | $ | 3,562 |  |  | $ | 2,876 |  |  | $ | 2,024 |  |  | $ | 8,462 |
Reconciliation of revenue |  |  |  |  |  |  |
Corporate and other revenues |  |  |  |  |  |  | — |
Total consolidated revenues |  |  |  |  |  |  | $ | 8,462 |
| Kentucky Regulated |  | Pennsylvania Regulated |  | Rhode Island Regulated |  | Total
Less: |  |  |  |  |  |  |
Fuel | 783 |  |  | — |  |  | — |  |  | 783 |
Energy Purchases | 176 |  |  | 721 |  |  | 782 |  |  | 1,679 |
Operation and maintenance | 803 |  |  | 705 |  |  | 731 |  |  | 2,239 |
Depreciation | 710 |  |  | 401 |  |  | 165 |  |  | 1,276 |
Taxes, other than income | 99 |  |  | 131 |  |  | 144 |  |  | 374 |
Other (income) expense - net | (29) |  |  | (45) |  |  | (20) |  |  | (94) |
Interest (income) from affiliate | — |  |  | (33) |  |  | (4) |  |  | (37) |
Interest expense | 240 |  |  | 246 |  |  | 95 |  |  | 581 |
Income taxes | 160 |  |  | 176 |  |  | 22 |  |  | 358 |
Segment net income | $ | 620 |  |  | $ | 574 |  |  | $ | 109 |  |  | $ | 1,303 |
Reconciliation of segment profit or loss to consolidated net income |  |  |  |  |  |  |
Corporate and other net loss |  |  |  |  |  |  | (415) |
Net Income |  |  |  |  |  |  | $ | 888 |
(a)See Note 1 and Note 3 for additional information on Operating Revenues. Other information for the segments and reconciliation to PPL's Consolidated results for the year ended December 31, 2024 are as follows:
| Kentucky Regulated |  | Pennsylvania Regulated |  | Rhode Island Regulated |  | Total Segments |  | Corporate and Other |  | Consolidated Total
Other Segment Disclosures |  |  |  |  |  |  |  |  |  |  |
Amortization (a) | $ | 24 |  |  | $ | 45 |  |  | $ | 1 |  |  | $ | 70 |  |  | $ | 8 |  |  | $ | 78 |
Deferred income taxes and investment tax credits (b) | 2 |  |  | 129 |  |  | 38 |  |  | 169 |  |  | 27 |  |  | 196 |
Expenditures for long lived assets | 1,088 |  |  | 1,229 |  |  | 495 |  |  | 2,812 |  |  | (7) |  |  | 2,805 |
(a)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. (b)Represents a non-cash expense item that is also included in "Income Taxes." The tables below provide information about PPL's segments and include a reconciliation of segment net income to consolidated net income for the year ended December 31, 2023:
| Kentucky Regulated |  | Pennsylvania Regulated |  | Rhode Island Regulated |  | Total
Operating Revenues from external customers (a) | $ | 3,452 |  |  | $ | 3,008 |  |  | $ | 1,851 |  |  | $ | 8,311 |
Reconciliation of revenue |  |  |  |  |  |  |
Corporate and other revenues |  |  |  |  |  |  | 1 |
Total consolidated revenues |  |  |  |  |  |  | $ | 8,312 |
Less: |  |  |  |  |  |  |
Fuel | 733 |  |  | — |  |  | — |  |  | 733 |
Energy Purchases | 192 |  |  | 992 |  |  | 658 |  |  | 1,842 |
Operation and maintenance | 826 |  |  | 605 |  |  | 705 |  |  | 2,136 |
Depreciation | 696 |  |  | 397 |  |  | 156 |  |  | 1,249 |
Taxes, other than income | 93 |  |  | 143 |  |  | 156 |  |  | 392 |
Other (income) expense - net | (12) |  |  | (39) |  |  | (19) |  |  | (70) |
Interest expense | 235 |  |  | 223 |  |  | 83 |  |  | 541 |
Income taxes | 137 |  |  | 168 |  |  | 16 |  |  | 321 |
Segment net income | $ | 552 |  |  | $ | 519 |  |  | $ | 96 |  |  | $ | 1,167 |
Reconciliation of segment profit or loss to consolidated net income |  |  |  |  |  |  |
Corporate and other net loss |  |  |  |  |  |  | (427) |
Net Income |  |  |  |  |  |  | $ | 740 |
(a)See Note 1 and Note 3 for additional information on Operating Revenues. Other information for the segments and reconciliation to PPL's Consolidated results for the year ended December 31, 2023 are as follows:
| Kentucky Regulated |  | Pennsylvania Regulated |  | Rhode Island Regulated |  | Total Segments |  | Corporate and Other |  | Consolidated Total
Other Segment Disclosures |  |  |  |  |  |  |  |  |  |  |
Amortization (a) | $ | 33 |  |  | $ | 41 |  |  | $ | 1 |  |  | $ | 75 |  |  | $ | 6 |  |  | $ | 81 |
Deferred income taxes and investment tax credits (b) | (17) |  |  | 46 |  |  | 48 |  |  | 77 |  |  | 245 |  |  | 322 |
Expenditures for long lived assets | 950 |  |  | 956 |  |  | 454 |  |  | 2,360 |  |  | 30 |  |  | 2,390 |
(a)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. (b)Represents a non-cash expense item that is also included in "Income Taxes." The following provides Balance Sheet data for the segments and reconciliation to PPL's consolidated results as of:
| As of December 31,
| 2025 |  | 2024
Total Assets |  |  |
Kentucky Regulated | $ | 19,060 |  |  | $ | 17,626 |
Pennsylvania Regulated | 16,886 |  |  | 15,475 |
Rhode Island Regulated | 7,510 |  |  | 7,055 |
Corporate and Other (a) | 1,788 |  |  | 913 |
Total | $ | 45,244 |  |  | $ | 41,069 |
(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 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: 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 3: 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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