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Segment and Related Information (Tables)

12 Months Ended

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.

X

- 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

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X

- References

No definition available.

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