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Goodwill and Other Intangible Assets
 12 Months Ended
Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets
17. Goodwill and Other Intangible Assets

Goodwill

(PPL)

Goodwill at PPL totaled $2,247 million at December 31, 2025 and 2024, consisting of $662 million for the Kentucky Regulated segment, $725 million for the Rhode Island Regulated segment and $860 million for Corporate and Other. There were no accumulated impairment losses related to goodwill.

Other Intangible Assets

(PPL)

The gross carrying amount and the accumulated amortization of other intangible assets were:
 December 31, 2025December 31, 2024
 Gross
Carrying
Amount		Accumulated
Amortization		Gross
Carrying
Amount		Accumulated
Amortization
Subject to amortization:    
Contracts (a)$125 $124 $125 $116 
Renewable Energy Credits24 — 20 — 
Land rights and easements445 139 432 147 
Licenses and other2 — 2 — 
Total subject to amortization596 263 579 263 
Not subject to amortization due to indefinite life:    
Land rights and easements18 — 18 — 
Total not subject to amortization due to indefinite life18 — 18 — 
Total$614 $263 $597 $263 

(a)Gross carrying amount includes the fair value at the acquisition date of the OVEC power purchase contract with terms favorable to market recognized as a result of the 2010 acquisition of LKE by PPL.
Current intangible assets are included in "Other current assets" and long-term intangible assets are included in "Other intangibles" on the Balance Sheets.
Amortization expense was as follows:   
 202520242023
Intangible assets with no regulatory offset$5 $5 $5 
Intangible assets with regulatory offset8 8 9 
Total$13 $13 $14 

Amortization expense for each of the next five years is estimated to be:
 20262027202820292030
Intangible assets with no regulatory offset$5 $5 $5 $5 $5 
Intangible assets with regulatory offset1 — — — — 
Total$6 $5 $5 $5 $5 

(PPL Electric)

The gross carrying amount and the accumulated amortization of other intangible assets were:
 December 31, 2025December 31, 2024
 Gross
Carrying
Amount		Accumulated
Amortization		Gross
Carrying
Amount		Accumulated
Amortization
Subject to amortization:    
Land rights and easements$408 $145 $396 $141 
Licenses and other2 1 2 1 
Total subject to amortization410 146 398 142 
Not subject to amortization due to indefinite life:    
Land rights and easements18 — 18 — 
Total$428 $146 $416 $142 

Intangible assets are shown as "Intangibles" on the Balance Sheets.

Amortization expense was as follows:
 202520242023
Intangible assets with no regulatory offset$4 $4 $4 

Amortization expense for each of the next five years is estimated to be:
 20262027202820292030
Intangible assets with no regulatory offset$4 $4 $4 $4 $4 

(LG&E)

The gross carrying amount and the accumulated amortization of other intangible assets were:
 December 31, 2025December 31, 2024
 Gross
Carrying
Amount		Accumulated
Amortization		Gross
Carrying
Amount		Accumulated
Amortization
Subject to amortization:    
Land rights and easements (a)$8 $(2)$7 $2 
OVEC power purchase agreement (b)86 85 86 79 
Total subject to amortization$94 $83 $93 $81 

(a)    December 31, 2025 accumulated amortization includes salvage proceeds related to a land sale in excess of the related accumulated amortization.
(b)    Gross carrying amount represents the fair value at the acquisition date of the OVEC power purchase contract recognized as a result of the 2010 acquisition by PPL. An offsetting regulatory liability was recorded related to this contract, which is being amortized over the same period as the intangible asset, eliminating any income statement impact. See Note 7 for additional information.

Long-term intangible assets are presented as "Other intangibles" on the Balance Sheets.

Amortization expense was as follows:
 202520242023
Intangible assets with regulatory offset$6 $6 $6 

Amortization expense for each of the next five years is immaterial.

(KU)

The gross carrying amount and the accumulated amortization of other intangible assets were:
 December 31, 2025December 31, 2024
 Gross
Carrying
Amount		Accumulated
Amortization		Gross
Carrying
Amount		Accumulated
Amortization
Subject to amortization:    
Land rights and easements (a)$30 $(3)$29 $4 
OVEC power purchase agreement (b)39 38 39 36 
Total subject to amortization$69 $35 $68 $40 

(a)    December 31, 2025 accumulated amortization includes salvage proceeds related to a land sale in excess of the related accumulated amortization.
(b)    Gross carrying amount represents the fair value at the acquisition date of the OVEC power purchase contract recognized as a result of the 2010 acquisition by PPL. An offsetting regulatory liability was recorded related to this contract, which is being amortized over the same period as the intangible asset, eliminating any income statement impact. See Note 7 for additional information.

Long-term intangible assets are presented as "Other intangibles" on the Balance Sheets.

Amortization expense was as follows:
 202520242023
Intangible assets with regulatory offset$2 $2 $3 

Amortization expense for each of the next five years is estimated to be immaterial.