XML 70 R47.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Income Taxes (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Reconciliation of Income Tax Expense [Abstract]        
Federal income tax on Income Before Income Taxes at statutory tax rate $ 50 $ 30 $ 132 $ 107
Increase (decrease) due to: [Abstract]        
State income taxes, net of federal income tax benefit 11 11 28 33
Depreciation and other items not normalized (5) (2) (10) (7)
Valuation allowance adjustments 2 5 5 7
Amortization of excess deferred income taxes (7) (8) (20) (20)
Other (1) (3) (4) (8)
Total increase (decrease) 0 3 (1) 5
Total income tax expense (benefit) 50 33 131 112
PPL Electric Utilities Corp [Member]        
Reconciliation of Income Tax Expense [Abstract]        
Federal income tax on Income Before Income Taxes at statutory tax rate 41 31 83 70
Increase (decrease) due to: [Abstract]        
State income taxes, net of federal income tax benefit 13 11 26 24
Depreciation and other items not normalized (6) (3) (10) (7)
Amortization of excess deferred income taxes (3) (2) (5) (4)
Other 1 1 0 0
Total increase (decrease) 5 7 11 13
Total income tax expense (benefit) 46 38 94 83
Louisville Gas And Electric Co [Member]        
Reconciliation of Income Tax Expense [Abstract]        
Federal income tax on Income Before Income Taxes at statutory tax rate 17 12 41 35
Increase (decrease) due to: [Abstract]        
State income taxes, net of federal income tax benefit 3 2 7 6
Amortization of excess deferred income taxes (3) (3) (6) (6)
Other 0 0 (1) (1)
Total increase (decrease) 0 (1) 0 (1)
Total income tax expense (benefit) 17 11 41 34
Kentucky Utilities Co [Member]        
Reconciliation of Income Tax Expense [Abstract]        
Federal income tax on Income Before Income Taxes at statutory tax rate 20 13 48 36
Increase (decrease) due to: [Abstract]        
State income taxes, net of federal income tax benefit 4 3 9 7
Amortization of excess deferred income taxes (4) (4) (9) (8)
Other (1) 1 (2) 0
Total increase (decrease) (1) 0 (2) (1)
Total income tax expense (benefit) $ 19 $ 13 $ 46 $ 35