v3.25.2
Condensed Consolidated Balance Sheets - Piedmont - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Current Assets    
Cash and cash equivalents $ 344 $ 314
Receivables (net of allowance for doubtful accounts) 4,089 2,232
Inventory 4,434 4,509
Regulatory assets 2,269 2,756
Other (includes amounts related to VIEs) 1,001 695
Total current assets 12,148 12,950
Property, Plant and Equipment    
Cost 186,261 180,806
Accumulated depreciation and amortization (59,613) (57,503)
Net property, plant and equipment 126,648 123,303
Other Noncurrent Assets    
Goodwill 19,303 19,303
Regulatory assets 14,172 14,254
Operating lease right-of-use assets, net 1,209 1,148
Investments in equity method unconsolidated affiliates 332 353
Other 3,792 3,509
Total other noncurrent assets 50,917 50,090
Total Assets 189,713 186,343
Current Liabilities    
Accounts payable 4,373 5,479
Taxes accrued 837 851
Interest accrued 881 855
Current maturities of long-term debt 5,046 4,349
Regulatory liabilities 1,257 1,425
Other 1,887 2,084
Total current liabilities 18,408 19,357
Long-Term Debt (includes amounts related to VIEs) 78,914 76,340
Other Noncurrent Liabilities    
Deferred income taxes 11,990 11,424
Asset retirement obligations 9,316 9,342
Regulatory liabilities 15,047 14,694
Operating lease liabilities 1,020 957
Accrued pension and other post-retirement benefit costs 410 434
Other 1,696 1,556
Total other noncurrent liabilities 40,361 39,390
Commitments and Contingencies
Equity    
Common stock 1 1
Retained earnings 4,141 3,431
Total Duke Energy Corporation stockholders' equity 50,891 50,127
Noncontrolling interests 1,139 1,129
Total equity 52,030 51,256
Total Liabilities and Equity 189,713 186,343
Piedmont    
Current Assets    
Cash and cash equivalents 2 2
Inventory 51 78
Regulatory assets 131 158
Other (includes amounts related to VIEs) 78 11
Total current assets 468 633
Property, Plant and Equipment    
Cost 13,129 12,780
Accumulated depreciation and amortization (2,512) (2,432)
Net property, plant and equipment 10,617 10,348
Other Noncurrent Assets    
Goodwill 49 49
Regulatory assets 446 421
Operating lease right-of-use assets, net 3 4
Investments in equity method unconsolidated affiliates 75 76
Other 273 268
Total other noncurrent assets 846 818
Total Assets 11,931 11,799
Current Liabilities    
Accounts payable 195 237
Taxes accrued 43 84
Interest accrued 45 45
Current maturities of long-term debt 205 205
Regulatory liabilities 7 68
Other 80 76
Total current liabilities 1,305 1,480
Long-Term Debt (includes amounts related to VIEs) 3,799 3,798
Other Noncurrent Liabilities    
Deferred income taxes 1,048 1,018
Asset retirement obligations 29 29
Regulatory liabilities 959 956
Operating lease liabilities 2 7
Accrued pension and other post-retirement benefit costs 6 7
Other 147 150
Total other noncurrent liabilities 2,191 2,167
Commitments and Contingencies
Equity    
Common stock 1,635 1,635
Retained earnings 3,000 2,718
Total Duke Energy Corporation stockholders' equity 4,635 4,353
Noncontrolling interests 1 1
Total equity 4,636 4,354
Total Liabilities and Equity 11,931 11,799
Piedmont | Nonrelated Party    
Current Assets    
Receivables (net of allowance for doubtful accounts) 195 368
Piedmont | Affiliated Entity    
Current Assets    
Receivables (net of allowance for doubtful accounts) 11 16
Current Liabilities    
Accounts payable 48 26
Notes payable to affiliated companies $ 682 $ 739