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Condensed Consolidated Balance Sheets - Duke Energy Ohio - 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
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
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
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
Total Duke Energy Corporation stockholders' equity 50,127 49,112
Total Liabilities and Equity 186,343 176,893
Duke Energy Ohio    
Current Assets    
Cash and cash equivalents 24 24
Receivables of VIEs (net of allowance for doubtful accounts) 447 112
Inventory (includes $494 at 2024 and $462 at 2023 related to VIEs) 183 179
Regulatory assets 88 73
Other (includes amounts related to VIEs) 30 134
Total current assets 811 761
Property, Plant and Equipment    
Cost 13,918 13,210
Accumulated depreciation and amortization (3,674) (3,451)
Net property, plant and equipment 10,244 9,759
Other Noncurrent Assets    
Goodwill 920 920
Other Noncurrent Assets: Regulatory assets 705 676
Operating lease right-of-use assets, net 6 16
Other (including amounts related to VIEs) 82 84
Total other noncurrent assets 1,713 1,696
Total Assets 12,768 12,216
Current Liabilities    
Accounts payable (includes $214 at 2024 and $188 at 2023 related to VIEs) 313 338
Taxes accrued 363 316
Interest accrued 49 35
Current maturities of long-term debt 245 0
Asset retirement obligations 8 6
Regulatory liabilities 34 56
Other 67 65
Total current liabilities 1,293 1,500
Other Noncurrent Liabilities    
Deferred income taxes 1,314 1,272
Total noncurrent asset retirement obligation 131 130
Total noncurrent regulatory liabilities 465 497
Operating lease liabilities 6 16
Accrued pension and other post-retirement benefit costs 89 97
Other noncurrent liabilities 91 86
Total other noncurrent liabilities 2,096 2,098
Commitments and Contingencies
Equity    
Common stock 762 762
Additional paid-in capital 3,118 3,100
Retained earnings 1,579 1,238
Total Duke Energy Corporation stockholders' equity 5,459 5,100
Total Liabilities and Equity 12,768 12,216
Duke Energy Ohio | Affiliated entity    
Current Assets    
Receivables of VIEs (net of allowance for doubtful accounts) 11 239
Notes receivable from affiliated companies 28 0
Current Liabilities    
Accounts payable (includes $214 at 2024 and $188 at 2023 related to VIEs) 52 71
Notes payable to affiliated companies 162 613
Long-Term Debt (includes amounts related to VIEs) 25 25
Duke Energy Ohio | Nonrelated Party    
Current Liabilities    
Long-Term Debt (includes amounts related to VIEs) $ 3,895 $ 3,493