2013 Q4 Form 10-K Financial Statement

#000132616015000008 Filed on March 02, 2015

View on sec.gov

Income Statement

Concept 2013 Q4 2013 Q3 2013 Q2
Revenue $5.610B $6.217B $5.393B
YoY Change -1.49% -7.51% 50.77%
Cost Of Revenue $1.806B $2.031B $1.688B
YoY Change -0.44% -10.21% 89.45%
Gross Profit $3.818B $4.186B $3.329B
YoY Change -1.62% -6.14% 23.94%
Gross Profit Margin 68.06% 67.33% 61.73%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $864.0M $821.0M $782.0M
YoY Change 9.78% 4.19% 46.72%
% of Gross Profit 22.63% 19.61% 23.49%
Operating Expenses $2.597B $2.523B $2.157B
YoY Change -16.52% -19.39% 13.29%
Operating Profit $1.193B $1.660B $742.0M
YoY Change 55.54% 53.99% -5.6%
Interest Expense -$387.0M $378.0M $381.0M
YoY Change 9.01% -5.74% 64.22%
% of Operating Profit -32.44% 22.77% 51.35%
Other Income/Expense, Net $80.00M $87.00M $70.00M
YoY Change -24.53% -47.27% -35.78%
Pretax Income $984.0M $1.369B $510.0M
YoY Change 80.22% 62.59% -23.08%
Income Tax $296.0M $423.0M $165.0M
% Of Pretax Income 30.08% 30.9% 32.35%
Net Earnings $688.0M $1.004B $339.0M
YoY Change 58.16% 69.02% -23.65%
Net Earnings / Revenue 12.26% 16.15% 6.29%
Basic Earnings Per Share $0.97 $1.42 $0.48
Diluted Earnings Per Share $0.97 $1.42 $0.48
COMMON SHARES
Basic Shares Outstanding 706.0M shares 706.0M shares
Diluted Shares Outstanding 706.0M shares 706.0M shares

Balance Sheet

Concept 2013 Q4 2013 Q3 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.545B $2.284B $1.851B
YoY Change -12.07% 8.97% 5.17%
Cash & Equivalents $476.0M $2.166B $1.571B
Short-Term Investments $44.00M $118.0M $280.0M
Other Short-Term Assets $2.716B $2.191B $2.066B
YoY Change 12.0% 3.2% 84.14%
Inventory $3.250B $3.100B $3.130B
Prepaid Expenses
Receivables $3.005B $2.843B $2.828B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $10.52B $10.42B $9.875B
YoY Change 3.89% 3.09% 52.23%
LONG-TERM ASSETS
Property, Plant & Equipment $69.49B $69.28B $68.88B
YoY Change 1.36% 0.37% 57.3%
Goodwill $16.34B $16.35B
YoY Change -0.15% 1.02%
Intangibles $351.0M $350.0M
YoY Change -2.23% -1.96%
Long-Term Investments $390.0M $511.0M $508.0M
YoY Change -19.25% -5.72% 12.89%
Other Assets $3.432B $2.361B $2.412B
YoY Change 18.18% 8.01% 27.35%
Total Long-Term Assets $104.3B $104.2B $104.2B
YoY Change 0.51% 2.23% 84.33%
TOTAL ASSETS
Total Short-Term Assets $10.52B $10.42B $9.875B
Total Long-Term Assets $104.3B $104.2B $104.2B
Total Assets $114.8B $114.6B $114.1B
YoY Change 0.81% 2.31% 81.02%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.391B $1.819B $1.936B
YoY Change -2.17% -4.86% 66.9%
Accrued Expenses $991.0M $1.180B $1.004B
YoY Change 9.26% 9.77% 63.78%
Deferred Revenue
YoY Change
Short-Term Debt $839.0M $1.278B $1.501B
YoY Change -20.62% 113.0% 41.34%
Long-Term Debt Due $2.104B $2.307B $2.223B
YoY Change -32.35% -7.27% 18.88%
Total Short-Term Liabilities $8.644B $9.239B $10.02B
YoY Change -13.81% 7.98% 63.14%
LONG-TERM LIABILITIES
Long-Term Debt $38.15B $36.14B $36.10B
YoY Change 4.95% 2.67% 105.83%
Other Long-Term Liabilities $14.04B $14.78B $15.25B
YoY Change -9.95% -5.09% 99.84%
Total Long-Term Liabilities $38.15B $36.14B $36.10B
YoY Change 4.95% 2.67% 105.83%
TOTAL LIABILITIES
Total Short-Term Liabilities $8.644B $9.239B $10.02B
Total Long-Term Liabilities $38.15B $36.14B $36.10B
Total Liabilities $46.80B $45.38B $46.12B
YoY Change 0.9% 3.71% 94.76%
SHAREHOLDERS EQUITY
Retained Earnings $2.363B $2.227B $1.223B
YoY Change 25.09% 11.63% -23.47%
Common Stock $39.37B $39.32B $39.29B
YoY Change 0.22% 0.17% 85.82%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $41.33B $41.17B $40.13B
YoY Change
Total Liabilities & Shareholders Equity $114.8B $114.6B $114.1B
YoY Change 0.81% 2.31% 81.02%

Cashflow Statement

Concept 2013 Q4 2013 Q3 2013 Q2
OPERATING ACTIVITIES
Net Income $688.0M $1.004B $339.0M
YoY Change 58.16% 69.02% -23.65%
Depreciation, Depletion And Amortization $864.0M $821.0M $782.0M
YoY Change 9.78% 4.19% 46.72%
Cash From Operating Activities $1.392B $2.147B $1.752B
YoY Change 10.04% 8.6% 55.04%
INVESTING ACTIVITIES
Capital Expenditures -$1.672B -$1.139B -$1.340B
YoY Change 0.97% -28.5% 6.01%
Acquisitions
YoY Change
Other Investing Activities $260.0M $135.0M $243.0M
YoY Change -147.1% -2800.0% 358.49%
Cash From Investing Activities -$1.412B -$1.004B -$1.097B
YoY Change -36.05% -37.17% -9.41%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -645.0M -548.0M -380.0M
YoY Change -206.44% 280.56% -170.9%
NET CHANGE
Cash From Operating Activities 1.392B 2.147B 1.752B
Cash From Investing Activities -1.412B -1.004B -1.097B
Cash From Financing Activities -645.0M -548.0M -380.0M
Net Change In Cash -665.0M 595.0M 275.0M
YoY Change 97.33% 153.19% -39.56%
FREE CASH FLOW
Cash From Operating Activities $1.392B $2.147B $1.752B
Capital Expenditures -$1.672B -$1.139B -$1.340B
Free Cash Flow $3.064B $3.286B $3.092B
YoY Change 4.9% -7.96% 29.16%

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CY2014Q4 us-gaap Asset Retirement Obligations Noncurrent
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CY2014Q4 us-gaap Assets
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CY2013Q4 us-gaap Assets Fair Value Disclosure
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CY2014Q4 us-gaap Assets Fair Value Disclosure
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CY2014Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
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CY2014Q4 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
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CY2014Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
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CY2014Q4 us-gaap Available For Sale Securities Debt Securities
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CY2014 us-gaap Available For Sale Securities Gross Realized Gains
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CY2014Q4 us-gaap Capital Leases Future Minimum Payments Due In Two Years
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CY2014Q4 us-gaap Capital Leases Lessee Balance Sheet Assets By Major Class Accumulated Deprecation
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CY2014Q4 us-gaap Commitments And Contingencies
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CY2012 us-gaap Cost Of Worldwide Unregulated Electric
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540000000 USD
CY2014 us-gaap Cost Of Worldwide Unregulated Electric
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533000000 USD
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CY2013 us-gaap Current Foreign Tax Expense Benefit
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CY2014 us-gaap Current Foreign Tax Expense Benefit
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144000000 USD
CY2012 us-gaap Current Income Tax Expense Benefit
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54000000 USD
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CY2013Q4 us-gaap Deferred Tax Assets Valuation Allowance
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0.0500
CY2014 us-gaap Defined Benefit Plan Ultimate Health Care Cost Trend Rate
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0.0475
CY2013Q4 us-gaap Defined Benefit Plan Year That Rate Reaches Ultimate Trend Rate
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2021
CY2014Q4 us-gaap Defined Benefit Plan Year That Rate Reaches Ultimate Trend Rate
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2023
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107000000 USD
CY2013 us-gaap Defined Contribution Plan Cost Recognized
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134000000 USD
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36000000 USD
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2000000 USD
CY2013 us-gaap Defined Benefit Plan Health Care Cost Trend Rate Assumed For Next Fiscal Year
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0.0850
CY2014 us-gaap Defined Contribution Plan Cost Recognized
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143000000 USD
CY2014 us-gaap Defined Contribution Plan Employer Matching Contribution Percent
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0.06
CY2014 us-gaap Defined Contribution Plan Employer Matching Contribution Percent Of Match
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1
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CY2013 us-gaap Depreciation Depletion And Amortization
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CY2014 us-gaap Depreciation Depletion And Amortization
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CY2014Q4 us-gaap Derivative Assets
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110000000 USD
CY2013Q4 us-gaap Derivative Collateral Right To Reclaim Cash
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122000000 USD
CY2014Q4 us-gaap Derivative Collateral Right To Reclaim Cash
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64000000 USD
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461000000 USD
CY2014Q4 us-gaap Derivative Fair Value Of Derivative Asset
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351000000 USD
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636000000 USD
CY2014Q4 us-gaap Derivative Fair Value Of Derivative Liability
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909000000 USD
CY2013Q4 us-gaap Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral
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30000000 USD
CY2014Q4 us-gaap Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral
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145000000 USD
CY2013Q4 us-gaap Derivative Liabilities
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321000000 USD
CY2014Q4 us-gaap Derivative Liabilities
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668000000 USD
CY2013Q4 us-gaap Derivative Net Liability Position Aggregate Fair Value
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525000000 USD
CY2014Q4 us-gaap Derivative Net Liability Position Aggregate Fair Value
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CY2012 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
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107000000 USD
CY2013 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
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29000000 USD
CY2014 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
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CY2013Q4 us-gaap Disposal Group Including Discontinued Operation Long Lived Assets Noncurrent
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107000000 USD
CY2014Q4 us-gaap Disposal Group Including Discontinued Operation Long Lived Assets Noncurrent
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2642000000 USD
CY2012 us-gaap Dividends Cash
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1752000000 USD
CY2013 us-gaap Dividends Cash
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2188000000 USD
CY2014 us-gaap Dividends Cash
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2234000000 USD
CY2012 us-gaap Earnings Per Share Basic
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3.07
CY2013Q1 us-gaap Earnings Per Share Basic
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0.89
CY2013Q2 us-gaap Earnings Per Share Basic
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0.48
CY2013Q3 us-gaap Earnings Per Share Basic
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1.42
CY2013Q4 us-gaap Earnings Per Share Basic
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0.97
CY2013 us-gaap Earnings Per Share Basic
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3.77
CY2014Q1 us-gaap Earnings Per Share Basic
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-0.14
CY2013Q2 us-gaap Earnings Per Share Diluted
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0.48
CY2013Q3 us-gaap Earnings Per Share Diluted
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1.42
CY2014Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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7000000 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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7000000 USD
CY2013Q4 us-gaap Earnings Per Share Diluted
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0.97
CY2014Q2 us-gaap Earnings Per Share Basic
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0.86
CY2014Q3 us-gaap Earnings Per Share Basic
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1.80
CY2014Q4 us-gaap Earnings Per Share Basic
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0.14
CY2014 us-gaap Earnings Per Share Basic
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2.66
CY2012 us-gaap Earnings Per Share Diluted
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3.07
CY2013Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.89
CY2013 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.76
CY2014Q1 us-gaap Earnings Per Share Diluted
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-0.14
CY2014Q2 us-gaap Earnings Per Share Diluted
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0.86
CY2014Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.80
CY2014Q4 us-gaap Earnings Per Share Diluted
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0.14
CY2014 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.66
CY2012 us-gaap Effective Income Tax Rate Continuing Operations
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0.279
CY2013 us-gaap Effective Income Tax Rate Continuing Operations
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0.318
CY2014 us-gaap Effective Income Tax Rate Continuing Operations
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0.404
CY2012 us-gaap Electric Domestic Regulated Revenue
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15515000000 USD
CY2013 us-gaap Electric Domestic Regulated Revenue
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20329000000 USD
CY2014 us-gaap Electric Domestic Regulated Revenue
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21550000000 USD
CY2012 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
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2000000 USD
CY2013 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
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3000000 USD
CY2014 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
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4000000 USD
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21000000 USD
CY2013 us-gaap Employee Service Share Based Compensation Cash Received From Exercise Of Stock Options
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9000000 USD
CY2014 us-gaap Employee Service Share Based Compensation Cash Received From Exercise Of Stock Options
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25000000 USD
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30000000 USD
CY2013 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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33000000 USD
CY2014 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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23000000 USD
CY2012 us-gaap Employee Service Share Based Compensation Tax Benefit Realized From Exercise Of Stock Options
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7000000 USD
CY2013 us-gaap Employee Service Share Based Compensation Tax Benefit Realized From Exercise Of Stock Options
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10000000 USD
CY2014 us-gaap Employee Service Share Based Compensation Tax Benefit Realized From Exercise Of Stock Options
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2000000 USD
CY2013Q4 us-gaap Energy Related Inventory Coal
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1018000000 USD
CY2014Q4 us-gaap Energy Related Inventory Coal
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997000000 USD
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331000000 USD
CY2014Q4 us-gaap Energy Related Inventory Other Fossil Fuel
EnergyRelatedInventoryOtherFossilFuel
360000000 USD
CY2012 us-gaap Equity Method Investment Dividends Or Distributions
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183000000 USD
CY2013 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
144000000 USD
CY2014 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
154000000 USD
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22000000 USD
CY2013 us-gaap Equity Method Investment Realized Gain Loss On Disposal
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100000000 USD
CY2014 us-gaap Equity Method Investment Realized Gain Loss On Disposal
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17000000 USD
CY2013Q4 us-gaap Equity Method Investments
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390000000 USD
CY2014Q4 us-gaap Equity Method Investments
EquityMethodInvestments
358000000 USD
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466000000 USD
CY2013 us-gaap Excise Taxes Collected
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602000000 USD
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30000000 USD
CY2014 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases
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84000000 USD
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8000000 USD
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13000000 USD
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15000000 USD
CY2013 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Issues
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11000000 USD
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36000000 USD
CY2012 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Sales
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2000000 USD
CY2013 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Sales
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6000000 USD
CY2014 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Sales
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58000000 USD
CY2012 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Settlements
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87000000 USD
CY2013 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Settlements
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CY2014 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Settlements
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54000000 USD
CY2013 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Net
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86000000 USD
CY2014 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Net
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74000000 USD
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85000000 USD
CY2012Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
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13000000 USD
CY2013Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
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111000000 USD
CY2014Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
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155000000 USD
CY2013Q4 us-gaap Fair Value Net Asset Liability
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5391000000 USD
CY2014Q4 us-gaap Fair Value Net Asset Liability
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5350000000 USD
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8000000 USD
CY2013 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings
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-42000000 USD
CY2014 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings
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CY2012 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Issues
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15000000 USD
CY2013 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Issues
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11000000 USD
CY2012 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Purchases
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22000000 USD
CY2013 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Purchases
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21000000 USD
CY2014 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Purchases
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationPurchases
50000000 USD
CY2012 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Settlements
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32000000 USD
CY2013 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Settlements
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSettlements
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CY2014 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Settlements
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSettlements
54000000 USD
CY2013 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Transfers Out Of Level3
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationTransfersOutOfLevel3
86000000 USD
CY2014 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Transfers Out Of Level3
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6000000 USD
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CY2012Q4 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
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CY2013Q4 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
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13000000 USD
CY2014Q4 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
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CY2013Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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109000000 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
54000000 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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11000000 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
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7000000 USD
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8000000 USD
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689000000 USD
CY2013 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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2590000000 USD
CY2014Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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750000000 USD
CY2014Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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725000000 USD
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891000000 USD
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487000000 USD
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317000000 USD
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378000000 USD
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263000000 USD
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4000000 USD
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3000000 USD
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44000000 USD
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79000000 USD
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33000000 USD
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10000000 USD
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CY2014 us-gaap Gains Losses On Sales Of Assets
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16000000 USD
CY2012 us-gaap Gas Domestic Regulated Revenue
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469000000 USD
CY2013 us-gaap Gas Domestic Regulated Revenue
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511000000 USD
CY2014 us-gaap Gas Domestic Regulated Revenue
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573000000 USD
CY2013Q4 us-gaap Goodwill
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16340000000 USD
CY2014Q4 us-gaap Goodwill
Goodwill
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CY2013Q4 us-gaap Goodwill Gross
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17211000000 USD
CY2014Q4 us-gaap Goodwill Gross
GoodwillGross
17192000000 USD
CY2013Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
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871000000 USD
CY2014Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
871000000 USD
CY2014 us-gaap Goodwill Translation And Purchase Accounting Adjustments
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CY2013Q4 us-gaap Guarantee Obligations Current Carrying Value
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24000000 USD
CY2014Q4 us-gaap Guarantee Obligations Current Carrying Value
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28000000 USD
CY2012 us-gaap Income Loss From Continuing Operations
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1593000000 USD
CY2013 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
2574000000 USD
CY2014 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
2451000000 USD
CY2012 us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
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18000000 USD
CY2013 us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
16000000 USD
CY2014 us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
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14000000 USD
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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1600000000 USD
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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3183000000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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3600000000 USD
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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2234000000 USD
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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3795000000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
4134000000 USD
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
634000000 USD
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
612000000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
534000000 USD
CY2012 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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1611000000 USD
CY2013Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
663000000 USD
CY2013Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
292000000 USD
CY2013Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
946000000 USD
CY2014Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax
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CY2014Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
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CY2014Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
378000000 USD
CY2014Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax
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1000000 USD
CY2014Q4 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
99000000 USD
CY2014 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
2465000000 USD
CY2012 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
2.77
CY2013Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.93
CY2013Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.40
CY2013Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.33
CY2013Q4 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.96
CY2013 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
3.64
CY2014Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.05
CY2014Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.02
CY2014Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.25
CY2014Q4 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.14
CY2014 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
3.46
CY2012 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
2.77
CY2013Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.93
CY2013Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.40
CY2013Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.33
CY2013Q4 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.96
CY2013 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
3.63
CY2014Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.05
CY2014Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.02
CY2014Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.25
CY2014Q4 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.14
CY2014 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
3.46
CY2012 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
171000000 USD
CY2013Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-29000000 USD
CY2013Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
50000000 USD
CY2013Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
62000000 USD
CY2013Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
3000000 USD
CY2013 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
86000000 USD
CY2014 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
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CY2012 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest
-4000000 USD
CY2013 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest
-5000000 USD
CY2014 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest
-8000000 USD
CY2012 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
175000000 USD
CY2013 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
91000000 USD
CY2014 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
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CY2012 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.30
CY2013Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.04
CY2013Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.08
CY2013Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.09
CY2013Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.01
CY2013 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.13
CY2014Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-1.19
CY2014Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.16
CY2014Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.55
CY2014 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.80
CY2012 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.30
CY2013Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.04
CY2013Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.08
CY2013Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.09
CY2013Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.01
CY2013 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
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CY2014 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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10000000 USD
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The Duke Energy Registrants, excluding Progress Energy, each have borrowing capacity under the Master Credit Facility up to specified sublimits for each borrower. Duke Energy has the unilateral ability at any time to increase or decrease the borrowing sublimits of each borrower, subject to a maximum sublimit for each borrower.
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CY2014 us-gaap Net Income Loss
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CY2012 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2013 us-gaap Payments To Acquire Property Plant And Equipment
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CY2012 us-gaap Payments To Acquire Property Plant And Equipment
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CY2014 us-gaap Other Tax Expense Benefit
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CY2013 us-gaap Payments For Proceeds From Other Investing Activities
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CY2014 us-gaap Payments For Proceeds From Other Investing Activities
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CY2013 us-gaap Payments For Repurchase Of Redeemable Preferred Stock
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CY2014 us-gaap Payments For Restructuring
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CY2012 us-gaap Payments Of Dividends
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CY2013 us-gaap Payments Of Dividends
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CY2014 us-gaap Payments Of Dividends
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CY2012 us-gaap Payments Of Dividends Minority Interest
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CY2013 us-gaap Payments Of Dividends Minority Interest
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CY2014 us-gaap Payments Of Dividends Minority Interest
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CY2012 us-gaap Payments To Acquire Available For Sale Securities
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4719000000 USD
CY2013 us-gaap Payments To Acquire Available For Sale Securities
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CY2014 us-gaap Payments To Acquire Available For Sale Securities
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4110000000 USD
CY2012 us-gaap Payments To Acquire Businesses Gross
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451000000 USD
CY2014 us-gaap Payments To Acquire Businesses Gross
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54000000 USD
CY2012 us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
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CY2013 us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
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CY2013 us-gaap Pension Contributions
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250000000 USD
CY2013 us-gaap Preferred Stock Redemption Premium
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1821000000 USD
CY2014Q4 us-gaap Prepaid Expense And Other Assets Current
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CY2013 us-gaap Proceeds From Issuance Of Long Term Debt
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CY2014 us-gaap Proceeds From Issuance Of Long Term Debt
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CY2012 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
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23000000 USD
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CY2014 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
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25000000 USD
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9000000 USD
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93000000 USD
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CY2012 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
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CY2013 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
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6315000000 USD
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CY2012 us-gaap Proceeds From Sale Of Productive Assets
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212000000 USD
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277000000 USD
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179000000 USD
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CY2013Q3 us-gaap Profit Loss
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CY2013Q4 us-gaap Profit Loss
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CY2014Q3 us-gaap Profit Loss
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CY2014 us-gaap Profit Loss
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CY2014Q4 us-gaap Property Plant And Equipment Net
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300000000 USD
CY2013 us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Cost Of Equity
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CY2014 us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Cost Of Equity
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0.029
CY2013 us-gaap Public Utilities Property Plant And Equipment Disclosure Of Composite Depreciation Rate For Plants In Service
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0.028
CY2014 us-gaap Public Utilities Property Plant And Equipment Disclosure Of Composite Depreciation Rate For Plants In Service
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0.028
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CY2013 us-gaap Sales Revenue Net
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CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
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6250000 shares
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26000000 USD
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CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
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310000 shares
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7000000 USD
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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793000 shares
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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373000 shares
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61
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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64
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
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5000000 USD
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320000 shares
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
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67
CY2014 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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CY2014Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
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2000000 USD
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P6Y10M0D
CY2014 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
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P7Y10M0D
CY2014 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageRemainingContractualTerm2
P1Y0M0D
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CY2014Q4 us-gaap Short Term Borrowings
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CY2014 us-gaap Stock Issued During Period Value New Issues
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40000000 USD
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CY2014Q4 us-gaap Tax Credit Carryforward Amount
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3540000000 USD
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CY2014Q4 us-gaap Taxes Payable Current
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CY2013Q4 us-gaap Trading Securities
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CY2011Q4 us-gaap Unrecognized Tax Benefits
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CY2013Q4 us-gaap Unrecognized Tax Benefits
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230000000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits
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CY2014 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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CY2012 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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CY2013 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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66000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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15000000 USD
CY2012 us-gaap Unrecognized Tax Benefits Increases Resulting From Acquisition
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28000000 USD
CY2012 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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29000000 USD
CY2012 us-gaap Unrecognized Tax Benefits Period Increase Decrease
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155000000 USD
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CY2014 us-gaap Unrecognized Tax Benefits Period Increase Decrease
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CY2012 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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4000000 USD
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13000000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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121000000 USD
CY2012 us-gaap Unregulated Operating Revenue
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1916000000 USD
CY2014 us-gaap Unregulated Operating Revenue
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CY2013Q4 us-gaap Unsecured Debt
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CY2014Q4 us-gaap Unsecured Debt
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CY2013Q1 us-gaap Unusual Or Infrequent Item Net Of Insurance Proceeds
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55000000 USD
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464000000 USD
CY2013Q3 us-gaap Unusual Or Infrequent Item Net Of Insurance Proceeds
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88000000 USD
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24000000 USD
CY2013 us-gaap Unusual Or Infrequent Item Net Of Insurance Proceeds
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631000000 USD
CY2014Q1 us-gaap Unusual Or Infrequent Item Net Of Insurance Proceeds
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1436000000 USD
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UnusualOrInfrequentItemNetOfInsuranceProceeds
61000000 USD
CY2014Q3 us-gaap Unusual Or Infrequent Item Net Of Insurance Proceeds
UnusualOrInfrequentItemNetOfInsuranceProceeds
-421000000 USD
CY2014Q4 us-gaap Unusual Or Infrequent Item Net Of Insurance Proceeds
UnusualOrInfrequentItemNetOfInsuranceProceeds
547000000 USD
CY2014 us-gaap Unusual Or Infrequent Item Net Of Insurance Proceeds
UnusualOrInfrequentItemNetOfInsuranceProceeds
1623000000 USD
CY2012 us-gaap Utilities Operating Expense Gas And Petroleum Purchased
UtilitiesOperatingExpenseGasAndPetroleumPurchased
215000000 USD
CY2013 us-gaap Utilities Operating Expense Gas And Petroleum Purchased
UtilitiesOperatingExpenseGasAndPetroleumPurchased
224000000 USD
CY2014 us-gaap Utilities Operating Expense Gas And Petroleum Purchased
UtilitiesOperatingExpenseGasAndPetroleumPurchased
248000000 USD
CY2012 us-gaap Utilities Operating Expense Maintenance Operations And Other Costs And Expenses
UtilitiesOperatingExpenseMaintenanceOperationsAndOtherCostsAndExpenses
4787000000 USD
CY2013 us-gaap Utilities Operating Expense Maintenance Operations And Other Costs And Expenses
UtilitiesOperatingExpenseMaintenanceOperationsAndOtherCostsAndExpenses
5673000000 USD
CY2014 us-gaap Utilities Operating Expense Maintenance Operations And Other Costs And Expenses
UtilitiesOperatingExpenseMaintenanceOperationsAndOtherCostsAndExpenses
5856000000 USD
CY2012 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
575000000 shares
CY2013 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
706000000 shares
CY2014 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
707000000 shares
CY2012 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
574000000 shares
CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
706000000 shares
CY2014 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
707000000 shares
CY2014 us-gaap Guarantees Indemnifications And Warranties Policies
GuaranteesIndemnificationsAndWarrantiesPolicies
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Guarantees</font></div><div style="line-height:120%;padding-bottom:10px;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">Liabilities are recognized at the time of issuance or material modification of a guarantee for the estimated fair value of the obligation it assumes. Fair value is estimated using a probability-weighted approach. The obligation is reduced over the term of the guarantee or related contract in a systematic and rational method as risk is reduced. Any additional contingent loss for guarantee contracts subsequent to the initial recognition of a liability is accounted for and recognized at the time a loss is probable and can be reasonably estimated. See Note </font><font style="font-family:Arial;font-size:8pt;">7</font><font style="font-family:Arial;font-size:8pt;"> for further information.</font></div></div>
CY2014 us-gaap Nature Of Operations
NatureOfOperations
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Nature of Operations and Basis of Consolidation</font></div><div style="line-height:120%;padding-bottom:10px;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">Duke Energy Corporation (collectively with its subsidiaries, Duke Energy) is an energy company headquartered in Charlotte, North Carolina, subject to regulation by the Federal Energy Regulatory Commission (FERC). Duke Energy operates in the United States (U.S.) and Latin America primarily through its direct and indirect subsidiaries. Duke Energy&#8217;s subsidiaries include its subsidiary registrants, Duke Energy Carolinas, LLC (Duke Energy Carolinas); Progress Energy, Inc. (Progress Energy); Duke Energy Progress, Inc. (Duke Energy Progress); Duke Energy Florida, Inc. (Duke Energy Florida); Duke Energy Ohio, Inc. (Duke Energy Ohio) and Duke Energy Indiana, Inc. (Duke Energy Indiana). When discussing Duke Energy&#8217;s consolidated financial information, it necessarily includes the results of its six separate subsidiary registrants (collectively referred to as the Subsidiary Registrants), which, along with Duke Energy, are collectively referred to as the Duke Energy Registrants (Duke Energy Registrants).</font></div><div style="line-height:120%;padding-bottom:10px;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">On July 2, 2012, Duke Energy merged with Progress Energy, with Duke Energy continuing as the surviving corporation. Progress Energy became a subsidiary of Duke Energy and Progress Energy&#8217;s regulated utility subsidiaries, Duke Energy Progress (formerly Carolina Power &amp; Light Company d/b/a Progress Energy Carolinas, Inc.) and Duke Energy Florida (formerly Florida Power Corporation d/b/a Progress Energy Florida, Inc.), became indirect subsidiaries of Duke Energy. Duke Energy&#8217;s consolidated financial statements include Progress Energy, Duke Energy Progress and Duke Energy Florida activity beginning July 2, 2012. The impacts of acquisition accounting from Progress Energy&#8217;s merger with Duke Energy were recorded by Duke Energy and were not reflected on the financial statements of Progress Energy, Duke Energy Progress and Duke Energy Florida. See Note 2 for additional information regarding the merger. On July 2, 2012, just prior to the close of the merger, Duke Energy executed a one-for-three reverse stock split with respect to the issued and outstanding shares of Duke Energy common stock. All per-share amounts included in this Form 10-K are presented as if the stock split had been effective from the beginning of the earliest period presented.</font></div><div style="line-height:120%;padding-bottom:10px;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">On August 21, 2014, Duke Energy Commercial Enterprises, Inc., an indirect wholly owned subsidiary of Duke Energy Corporation, and Duke Energy SAM, LLC, a wholly owned subsidiary of Duke Energy Ohio, entered into a purchase and sale agreement (PSA) with a subsidiary of Dynegy Inc. (Dynegy) whereby Dynegy will acquire Duke Energy Ohio&#8217;s nonregulated Midwest generation business and Duke Energy Retail Sales LLC (Disposal Group). The results of operations of the nonregulated Midwest generation business have been classified as Discontinued Operations on the Consolidated Statements of Operations for the current and prior periods presented. Duke Energy has elected to present cash flows of discontinued operations combined with cash flows of continuing operations. Unless otherwise noted, the notes to these consolidated financial statements exclude amounts related to discontinued operations for all periods presented, assets held for sale and liabilities associated with assets held for sale as of December 31, 2014. See Note </font><font style="font-family:Arial;font-size:8pt;">2</font><font style="font-family:Arial;font-size:8pt;"> for additional information.</font></div><div style="line-height:120%;padding-bottom:10px;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">The information in these combined notes relate to each of the Duke Energy Registrants as noted in the Index to the Combined Notes to Consolidated Financial Statements. However, none of the registrants makes any representations as to information related solely to Duke Energy or the subsidiaries of Duke Energy other than itself.</font></div><div style="line-height:120%;padding-bottom:10px;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">These Consolidated Financial Statements include, after eliminating intercompany transactions and balances, the accounts of the Duke Energy Registrants and subsidiaries where the respective Duke Energy Registrants have control. These Consolidated Financial Statements also reflect the Duke Energy Registrants&#8217; proportionate share of certain jointly owned generation and transmission facilities.</font></div><div style="line-height:120%;padding-bottom:10px;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">Duke Energy Carolinas is a regulated public utility primarily engaged in the generation, transmission, distribution and sale of electricity in portions of North Carolina and South Carolina. Duke Energy Carolinas is subject to the regulatory provisions of the North Carolina Utilities Commission (NCUC), Public Service Commission of South Carolina (PSCSC), U.S. Nuclear Regulatory Commission (NRC) and FERC. Substantially all of Duke Energy Carolinas&#8217; operations qualify for regulatory accounting.</font></div><div style="line-height:120%;padding-bottom:10px;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">Progress Energy is a public utility holding company headquartered in Raleigh, North Carolina, subject to regulation by the FERC. Progress Energy conducts operations through its wholly owned subsidiaries, Duke Energy Progress and Duke Energy Florida. Substantially all of Progress Energy&#8217;s operations qualify for regulatory accounting.</font></div><div style="line-height:120%;padding-bottom:10px;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">Duke Energy Progress is a regulated public utility primarily engaged in the generation, transmission, distribution and sale of electricity in portions of North Carolina and South Carolina. Duke Energy Progress is subject to the regulatory provisions of the NCUC, PSCSC, NRC and FERC. Substantially all of Duke Energy Progress&#8217; operations qualify for regulatory accounting.</font></div><div style="line-height:120%;padding-bottom:10px;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">Duke Energy Florida is a regulated public utility primarily engaged in the generation, transmission, distribution and sale of electricity in portions of Florida. Duke Energy Florida is subject to the regulatory provisions of the Florida Public Service Commission (FPSC), NRC and FERC. Substantially all of Duke Energy Florida&#8217;s operations qualify for regulatory accounting.</font></div><div style="line-height:120%;padding-bottom:10px;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">Duke Energy Ohio is a regulated public utility primarily engaged in the transmission and distribution of electricity in Ohio and Kentucky, in the generation business in Kentucky, and the transportation and sale of natural gas in portions of Ohio and Kentucky. Operations in Kentucky are conducted through its wholly owned subsidiary, Duke Energy Kentucky, Inc. (Duke Energy Kentucky). Duke Energy Ohio conducts competitive auctions for retail electricity supply in Ohio whereby the energy price is recovered from retail customers. References herein to Duke Energy Ohio include Duke Energy Ohio and its subsidiaries, unless otherwise noted. Duke Energy Ohio is subject to the regulatory provisions of the Public Utilities Commission of Ohio (PUCO), Kentucky Public Service Commission (KPSC) and FERC. Duke Energy Ohio applies regulatory accounting to a portion of its operations. Duke Energy has agreed to sell Duke Energy Ohio's nonregulated Midwest generation business, which sells power into wholesale energy markets, to Dynegy. See Note </font><font style="font-family:Arial;font-size:8pt;">2</font><font style="font-family:Arial;font-size:8pt;"> for additional information.</font></div><div style="line-height:120%;padding-bottom:10px;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">Duke Energy Indiana is a regulated public utility primarily engaged in the generation, transmission, distribution and sale of electricity in portions of Indiana. Duke Energy Indiana is subject to the regulatory provisions of the Indiana Utility Regulatory Commission (IURC) and FERC. Substantially all of Duke Energy Indiana&#8217;s operations qualify for regulatory accounting.</font><font style="font-family:Arial;font-size:8pt;font-weight:bold;">&#160;</font></div><div style="line-height:120%;padding-bottom:10px;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">Certain prior year amounts have been reclassified to conform to the current year presentation. </font></div></div>
CY2014 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;padding-bottom:10px;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">In preparing financial statements that conform to generally accepted accounting principles (GAAP) in the U.S., the Duke Energy Registrants must make estimates and assumptions that affect the reported amounts of assets and liabilities, the reported amounts of revenues and expenses, and the disclosure of contingent assets and liabilities at the date of the financial statements. Actual results could differ from those estimates.</font></div></div>
duk Defined Benefit Plan Maximumyearsofparticipation
DefinedBenefitPlanMaximumyearsofparticipation
P35Y

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