| EMPLOYEE BENEFIT PLANS DEFINED BENEFIT RETIREMENT PLANS Duke Energy and certain subsidiaries maintain, and the Subsidiary Registrants participate in, qualified and non-qualified, non-contributory defined benefit retirement plans. Duke Energy's policy is to fund amounts on an actuarial basis to provide assets sufficient to meet benefit payments to be paid to plan participants. QUALIFIED PENSION PLANS The following tables include the components of net periodic pension costs for qualified pension plans. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2025 | | | | Duke | | | | Duke | | Duke | | Duke | | Duke | | | | Duke | | Energy | | Progress | | Energy | | Energy | | Energy | | Energy | | | | (in millions) | Energy | | Carolinas | | Energy | | Progress | | Florida | | Ohio | | Indiana | | Piedmont | | Service cost | $ | 27 | | | $ | 9 | | | $ | 8 | | | $ | 4 | | | $ | 3 | | | $ | 1 | | | $ | 2 | | | $ | 1 | | | Interest cost on projected benefit obligation | 82 | | | 20 | | | 26 | | | 12 | | | 15 | | | 4 | | | 6 | | | 2 | | | Expected return on plan assets | (149) | | | (38) | | | (55) | | | (25) | | | (30) | | | (6) | | | (10) | | | (5) | | | Amortization of actuarial loss | 15 | | | 3 | | | 4 | | | 2 | | | 2 | | | — | | | 1 | | | 1 | | | Amortization of prior service credit | (3) | | | — | | | — | | | — | | | — | | | — | | | (1) | | | (1) | | | Amortization of settlement charges | 7 | | | 3 | | | 2 | | | 2 | | | — | | | — | | | 1 | | | 1 | | | Net periodic pension costs | $ | (21) | | | $ | (3) | | | $ | (15) | | | $ | (5) | | | $ | (10) | | | $ | (1) | | | $ | (1) | | | $ | (1) | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2024 | | | | Duke | | | | Duke | | Duke | | Duke | | Duke | | | | Duke | | Energy | | Progress | | Energy | | Energy | | Energy | | Energy | | | | (in millions) | Energy | | Carolinas | | Energy | | Progress | | Florida | | Ohio | | Indiana | | Piedmont | | Service cost | $ | 29 | | | $ | 10 | | | $ | 8 | | | $ | 5 | | | $ | 4 | | | $ | — | | | $ | 1 | | | $ | 1 | | | Interest cost on projected benefit obligation | 83 | | | 20 | | | 26 | | | 12 | | | 14 | | | 4 | | | 7 | | | 3 | | | Expected return on plan assets | (154) | | | (40) | | | (54) | | | (25) | | | (29) | | | (7) | | | (11) | | | (5) | | | Amortization of actuarial loss | 8 | | | 2 | | | 3 | | | 2 | | | 1 | | | 1 | | | 1 | | | — | | | Amortization of prior service credit | (4) | | | — | | | — | | | — | | | — | | | — | | | (1) | | | (2) | | | Amortization of settlement charges | 4 | | | 2 | | | 1 | | | 1 | | | 1 | | | — | | | 1 | | | 1 | | | Net periodic pension costs | $ | (34) | | | $ | (6) | | | $ | (16) | | | $ | (5) | | | $ | (9) | | | $ | (2) | | | $ | (2) | | | $ | (2) | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended June 30, 2025 | | | | Duke | | | | Duke | | Duke | | Duke | | Duke | | | | Duke | | Energy | | Progress | | Energy | | Energy | | Energy | | Energy | | | | (in millions) | Energy | | Carolinas | | Energy | | Progress | | Florida | | Ohio | | Indiana | | Piedmont | | Service cost | $ | 54 | | | $ | 18 | | | $ | 15 | | | $ | 9 | | | $ | 6 | | | $ | 1 | | | $ | 3 | | | $ | 2 | | | Interest cost on projected benefit obligation | 164 | | | 39 | | | 52 | | | 23 | | | 29 | | | 8 | | | 13 | | | 5 | | | Expected return on plan assets | (298) | | | (76) | | | (110) | | | (49) | | | (60) | | | (11) | | | (20) | | | (10) | | | Amortization of actuarial loss | 30 | | | 7 | | | 9 | | | 4 | | | 4 | | | 1 | | | 2 | | | 2 | | | Amortization of prior service credit | (6) | | | — | | | — | | | — | | | — | | | — | | | (1) | | | (3) | | | Amortization of settlement charges | 13 | | | 6 | | | 4 | | | 3 | | | 1 | | | — | | | 1 | | | 2 | | | Net periodic pension costs | $ | (43) | | | $ | (6) | | | $ | (30) | | | $ | (10) | | | $ | (20) | | | $ | (1) | | | $ | (2) | | | $ | (2) | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended June 30, 2024 | | | | Duke | | | | Duke | | Duke | | Duke | | Duke | | | | Duke | | Energy | | Progress | | Energy | | Energy | | Energy | | Energy | | | | (in millions) | Energy | | Carolinas | | Energy | | Progress | | Florida | | Ohio | | Indiana | | Piedmont | | Service cost | $ | 57 | | | $ | 19 | | | $ | 16 | | | $ | 10 | | | $ | 7 | | | $ | 1 | | | $ | 3 | | | $ | 2 | | | Interest cost on projected benefit obligation | 165 | | | 40 | | | 52 | | | 24 | | | 28 | | | 8 | | | 13 | | | 5 | | | Expected return on plan assets | (308) | | | (81) | | | (108) | | | (50) | | | (58) | | | (13) | | | (21) | | | (10) | | | Amortization of actuarial loss | 16 | | | 4 | | | 5 | | | 3 | | | 2 | | | 1 | | | 2 | | | 1 | | | Amortization of prior service credit | (7) | | | — | | | — | | | — | | | — | | | — | | | (1) | | | (4) | | | Amortization of settlement charges | 9 | | | 4 | | | 2 | | | 2 | | | 1 | | | — | | | 1 | | | 2 | | | Net periodic pension costs | $ | (68) | | | $ | (14) | | | $ | (33) | | | $ | (11) | | | $ | (20) | | | $ | (3) | | | $ | (3) | | | $ | (4) | |
NON-QUALIFIED PENSION PLANS Net periodic pension costs for non-qualified pension plans were not material for the three and six months ended June 30, 2025, and 2024. OTHER POST-RETIREMENT BENEFIT PLANS Net periodic costs for OPEB plans were not material for the three and six months ended June 30, 2025, and 2024.
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