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Condensed Consolidated Balance Sheets - Progress Energy - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Current Assets    
Cash and cash equivalents $ 314 $ 253
Receivables of VIEs (net of allowance for doubtful accounts) 2,232 1,112
Receivables (net of allowance for doubtful accounts) 1,889 3,019
Inventory (includes $494 at 2024 and $462 at 2023 related to VIEs) 4,509 4,292
Regulatory assets 2,756 3,648
Other (includes amounts related to VIEs) 695 431
Total current assets 12,950 12,769
Property, Plant and Equipment    
Cost 180,806 171,353
Accumulated depreciation and amortization (57,503) (56,038)
Net property, plant and equipment 123,303 115,315
Other Noncurrent Assets    
Goodwill 19,303 19,303
Other Noncurrent Assets: Regulatory assets 14,254 13,618
Nuclear decommissioning trust funds 11,434 10,143
Operating lease right-of-use assets, net 1,148 1,092
Other (including amounts related to VIEs) 3,509 3,964
Total other noncurrent assets 50,090 48,809
Total Assets 186,343 176,893
Current Liabilities    
Accounts payable (includes $214 at 2024 and $188 at 2023 related to VIEs) 5,479 4,228
Taxes accrued 851 816
Interest accrued 855 745
Current maturities of long-term debt 4,349 2,800
Asset retirement obligations 650 596
Regulatory liabilities 1,425 1,369
Other 2,084 2,319
Total current liabilities 19,357 17,283
Long-Term Debt (includes amounts related to VIEs) 76,340 72,452
Other Noncurrent Liabilities    
Deferred income taxes 11,424 10,556
Total noncurrent asset retirement obligation 9,342 8,560
Total noncurrent regulatory liabilities 14,694 14,039
Operating lease liabilities 957 917
Accrued pension and other post-retirement benefit costs 434 485
Investment tax credits 894 864
Other noncurrent liabilities 1,556 1,393
Total other noncurrent liabilities 39,390 36,971
Commitments and Contingencies
Equity    
Common stock 1 1
Additional paid-in capital 45,494 44,920
Retained earnings 3,431 2,235
Accumulated other comprehensive income (loss) 228 (6)
Total Duke Energy Corporation stockholders' equity 50,127 49,112
Noncontrolling interests 1,129 1,075
Total equity 51,256 50,187
Total Liabilities and Equity 186,343 176,893
Consolidated VIEs    
Current Assets    
Inventory (includes $494 at 2024 and $462 at 2023 related to VIEs) 494 462
Regulatory assets 120 110
Other (includes amounts related to VIEs) 90  
Other Noncurrent Assets    
Other Noncurrent Assets: Regulatory assets 1,705 1,642
Current Liabilities    
Accounts payable (includes $214 at 2024 and $188 at 2023 related to VIEs) 214 188
Current maturities of long-term debt 1,012 428
Long-Term Debt (includes amounts related to VIEs) 1,842 3,000
Other Noncurrent Liabilities    
Other noncurrent liabilities 27 35
Progress Energy    
Current Assets    
Cash and cash equivalents 73 59
Receivables of VIEs (net of allowance for doubtful accounts) 707 225
Receivables (net of allowance for doubtful accounts) 835 1,365
Inventory (includes $494 at 2024 and $462 at 2023 related to VIEs) 2,086 1,901
Regulatory assets 1,647 1,661
Other (includes amounts related to VIEs) 182 134
Total current assets 5,555 5,435
Property, Plant and Equipment    
Cost 72,560 67,644
Accumulated depreciation and amortization (23,586) (22,300)
Net property, plant and equipment 48,974 45,344
Other Noncurrent Assets    
Goodwill 3,655 3,655
Other Noncurrent Assets: Regulatory assets 6,618 6,430
Nuclear decommissioning trust funds 4,967 4,457
Operating lease right-of-use assets, net 625 617
Other (including amounts related to VIEs) 1,242 1,156
Total other noncurrent assets 17,107 16,315
Total Assets 71,636 67,094
Current Liabilities    
Accounts payable (includes $214 at 2024 and $188 at 2023 related to VIEs) 2,170 1,374
Taxes accrued 312 259
Interest accrued 232 224
Current maturities of long-term debt 1,517 661
Asset retirement obligations 231 245
Regulatory liabilities 522 418
Other 792 860
Total current liabilities 7,360 5,548
Long-Term Debt (includes amounts related to VIEs) 22,829 22,948
Other Noncurrent Liabilities    
Deferred income taxes 5,263 5,197
Total noncurrent asset retirement obligation 4,317 3,900
Total noncurrent regulatory liabilities 5,258 5,083
Operating lease liabilities 557 544
Accrued pension and other post-retirement benefit costs 254 266
Investment tax credits 385 371
Other noncurrent liabilities 357 227
Total other noncurrent liabilities 16,391 15,588
Commitments and Contingencies
Equity    
Common stock 0 0
Additional paid-in capital 11,830 11,830
Retained earnings 13,086 11,040
Accumulated other comprehensive income (loss) (10) (10)
Total Duke Energy Corporation stockholders' equity 24,906 22,860
Total equity 24,906 22,860
Total Liabilities and Equity 71,636 67,094
Progress Energy | Consolidated VIEs    
Current Assets    
Inventory (includes $494 at 2024 and $462 at 2023 related to VIEs) 494 462
Regulatory assets 108 98
Other (includes amounts related to VIEs) 75 68
Other Noncurrent Assets    
Other Noncurrent Assets: Regulatory assets 1,516 1,446
Current Liabilities    
Accounts payable (includes $214 at 2024 and $188 at 2023 related to VIEs) 208 188
Current maturities of long-term debt 502 418
Long-Term Debt (includes amounts related to VIEs) 1,582 1,910
Other Noncurrent Liabilities    
Other noncurrent liabilities 11 19
Progress Energy | Affiliated entity    
Current Assets    
Receivables of VIEs (net of allowance for doubtful accounts) 25 90
Current Liabilities    
Accounts payable (includes $214 at 2024 and $188 at 2023 related to VIEs) 507 464
Notes payable to affiliated companies 1,077 1,043
Long-Term Debt (includes amounts related to VIEs) $ 150 $ 150