XML 31 R8.htm IDEA: XBRL DOCUMENT v3.24.2.u1
CONDENSED CONSOLIDATED STATEMENTS OF EQUITY (Unaudited) - USD ($)
shares in Thousands, $ in Millions
Total
Common Stock [Member]
Additional Paid-in Capital [Member]
Earnings Reinvested [Member]
Accumulated Other Comprehensive Loss [Member]
Treasury Stock, Common
Noncontrolling Interest
PPL Electric Utilities Corp [Member]
PPL Electric Utilities Corp [Member]
Common Stock [Member]
PPL Electric Utilities Corp [Member]
Additional Paid-in Capital [Member]
PPL Electric Utilities Corp [Member]
Earnings Reinvested [Member]
Louisville Gas And Electric Co [Member]
Louisville Gas And Electric Co [Member]
Common Stock [Member]
Louisville Gas And Electric Co [Member]
Additional Paid-in Capital [Member]
Louisville Gas And Electric Co [Member]
Earnings Reinvested [Member]
Kentucky Utilities Co [Member]
Kentucky Utilities Co [Member]
Common Stock [Member]
Kentucky Utilities Co [Member]
Additional Paid-in Capital [Member]
Kentucky Utilities Co [Member]
Earnings Reinvested [Member]
Total Equity $ 13,918 $ 8 $ 12,317 $ 2,681 $ (124) $ (967) $ 3 $ 5,751 $ 364 $ 4,084 $ 1,303 $ 3,166 $ 424 $ 2,087 $ 655 $ 4,038 $ 308 $ 3,041 $ 689
Dividends Declared Per Share of Common Stock (in dollars per share) $ 0.4800                                    
Balance at beginning of period - shares at Dec. 31, 2022   736,487 [1]             66,368 [2]       21,294 [3]       37,818 [4]    
Stock Issued During Period, Value, Treasury Stock Reissued $ 21   3     $ 18                          
Stock Issued During Period, Shares, Treasury Stock Reissued           599                          
Stock-based compensation (4)   (4)                                
Net income (loss) 397     397       248 [5]     248 131     131 139 [6]     139
Capital contributions from parent               200       20   20   54   54  
Dividends and dividend equivalents (357) [7]     (357) [7]             (163)       (86)       (92)
Dividends declared               (163)       (86)       (92)      
Other comprehensive income (loss) (13)       (13)                            
Balance at end of period - shares at Jun. 30, 2023   737,086 [1]             66,368 [2]       21,294 [3]       37,818 [4]    
Contributions from parent               200   200   20       54      
Return of Capital to Parent               (25)   (25)       (120)       (54)  
Noncontrolling Interest, Decrease from Redemptions or Purchase of Interests (3)                                    
Total Equity $ 14,036 $ 8 12,310 2,788 (123) $ (950) 3 6,015 $ 364 4,284 1,367 3,101 $ 424 1,967 710 4,037 $ 308 2,987 742
Dividends Declared Per Share of Common Stock (in dollars per share) $ 0.2400                                    
Balance at beginning of period - shares at Mar. 31, 2023   737,067             66,368 [2]       21,294 [3]       37,818 [4]    
Stock Issued During Period, Value, Treasury Stock Reissued $ 2   1     $ 1                          
Stock Issued During Period, Shares, Treasury Stock Reissued           19                          
Stock-based compensation 5   5                                
Net income (loss) 112     112       110 [5]     110 45     45 51 [6]     51
Capital contributions from parent                       20   20   54   54  
Dividends and dividend equivalents (179)     (179)                              
Dividends declared               (89)     (89) (55)     (55) (57)     (57)
Other comprehensive income (loss) (14)       (14)                            
Balance at end of period - shares at Jun. 30, 2023   737,086 [1]             66,368 [2]       21,294 [3]       37,818 [4]    
Return of Capital to Parent               (25)   (25)                  
Noncontrolling Interest, Decrease from Redemptions or Purchase of Interests (3)                                    
Total Equity 13,959 $ 8 12,316 2,721 (137) $ (949) 0 6,011 $ 364 4,259 1,388 3,111 $ 424 1,987 700 4,085 $ 308 3,041 736
Total Equity $ 13,933 $ 8 12,326 2,710 (163) (948) 0 $ 5,903 $ 364 4,040 1,499 $ 3,172 $ 424 1,993 755 $ 4,152 $ 308 3,033 811
Dividends Declared Per Share of Common Stock (in dollars per share) $ 0.5150                                    
Balance at beginning of period - shares at Dec. 31, 2023 737,130 737,130 [1]           66,368 66,368 [2]     21,294 21,294 [3]     37,818 37,818 [4]    
Stock Issued During Period, Value, Treasury Stock Reissued $ 18   0     $ 18                          
Stock Issued During Period, Shares, Treasury Stock Reissued           632                          
Stock-based compensation (5)   (5)                                
Net income (loss) 497     497       $ 299 [5]     299 $ 155 [8]     155 $ 185 [6]     185
Capital contributions from parent               680           37   84   84  
Dividends and dividend equivalents (381) [7]     (381) [7]             (184)       (97)       (117)
Dividends declared               $ (184)       $ (97)       $ (117)      
Other comprehensive income (loss) $ 3       3                            
Balance at end of period - shares at Jun. 30, 2024 737,762 737,762           66,368 66,368 [2]     21,294 21,294 [3]     37,818 37,818 [4]    
Contributions from parent               $ 680   680   $ 37   37   $ 84      
Return of Capital to Parent                           (51)       (50)  
Total Equity $ 14,058 $ 8 12,314 2,828 (161) $ (931) 0 6,639 $ 364 4,715 1,560 3,177 $ 424 1,942 811 4,163 $ 308 2,983 872
Dividends Declared Per Share of Common Stock (in dollars per share) $ 0.2575                                    
Balance at beginning of period - shares at Mar. 31, 2024   737,736             66,368 [2]       21,294 [3]       37,818 [4]    
Stock Issued During Period, Value, Treasury Stock Reissued $ 1   0     $ 1                          
Treasury stock acquired           26                          
Stock-based compensation 7   7                                
Net income (loss) 190     190       150 [5]     150 62 [8]     62 77 [6]     77
Capital contributions from parent               5   5   37   37   84   84  
Dividends and dividend equivalents (192)     (192)                              
Dividends declared               $ (96)     (96) $ (60)     (60) $ (70)     (70)
Other comprehensive income (loss) $ 1       1                            
Balance at end of period - shares at Jun. 30, 2024 737,762 737,762           66,368 66,368 [2]     21,294 21,294 [3]     37,818 37,818 [4]    
Total Equity $ 14,065 $ 8 $ 12,321 $ 2,826 $ (160) $ (930) $ 0 $ 6,698 $ 364 $ 4,720 $ 1,614 $ 3,216 $ 424 $ 1,979 $ 813 $ 4,254 $ 308 $ 3,067 $ 879
[1] Shares in thousands. Each share entitles the holder to one vote on any question presented at any shareowners' meeting.
[2] Shares in thousands. All common shares of PPL Electric stock are owned by PPL Energy Holdings.
[3] Shares in thousands. All common shares of LG&E stock are owned by LKE.
[4] Shares in thousands. All common shares of KU stock are owned by LKE.
[5] Net income equals comprehensive income.
[6] Net income equals comprehensive income.
[7] Dividends declared per share of common stock were $0.2575 and $0.5150 for the three and six months ended June 30, 2024 and $0.2400 and $0.4800 for the three and six months ended June 30, 2023.
[8] Net income equals comprehensive income.