2015 Form 10-K Financial Statement

#000092222416000130 Filed on February 19, 2016

View on sec.gov

Income Statement

Concept 2015 2014 Q4 2014 Q3
Revenue $7.669B $1.946B $1.879B
YoY Change -2.33% -30.97% -38.87%
Cost Of Revenue $855.0M $241.0M $173.0M
YoY Change -7.47% -59.43% -75.5%
Gross Profit $6.814B $1.705B $1.706B
YoY Change -1.65% -23.37% -27.96%
Gross Profit Margin 88.85% 87.62% 90.79%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $883.0M $249.0M $249.0M
YoY Change -4.33% -318.42% -26.76%
% of Gross Profit 12.96% 14.6% 14.6%
Operating Expenses $3.983B $1.005B $1.018B
YoY Change -1.92% -38.68% -33.11%
Operating Profit $2.831B $700.0M $688.0M
YoY Change -1.26% 3233.33% -18.68%
Interest Expense $871.0M -$206.0M $213.0M
YoY Change 3.32% 38.26% -12.7%
% of Operating Profit 30.77% -29.43% 30.96%
Other Income/Expense, Net $108.0M $72.00M $136.0M
YoY Change 2.86% -1128.57% -216.24%
Pretax Income $968.0M $566.0M $611.0M
YoY Change 4.99% -311.19% 25.98%
Income Tax $465.0M $158.0M $201.0M
% Of Pretax Income 48.04% 27.92% 32.9%
Net Earnings $682.0M $695.0M $497.0M
YoY Change -60.74% -809.18% 21.22%
Net Earnings / Revenue 8.89% 35.71% 26.45%
Basic Earnings Per Share $1.01 $1.04 $0.74
Diluted Earnings Per Share $1.01 $1.04 $0.74
COMMON SHARES
Basic Shares Outstanding 669.8M shares 665.1M shares 664.4M shares
Diluted Shares Outstanding 672.6M shares 666.4M shares

Balance Sheet

Concept 2015 2014 Q4 2014 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $836.0M $1.519B $1.188B
YoY Change -44.96% 37.84% -7.98%
Cash & Equivalents $836.0M $1.399B $994.0M
Short-Term Investments $120.0M
Other Short-Term Assets $721.0M $55.00M $43.00M
YoY Change -78.27% 48.65% -35.82%
Inventory $357.0M $381.0M $763.0M
Prepaid Expenses $75.00M $117.0M
Receivables $673.0M $737.0M $911.0M
Other Receivables $59.00M $71.00M $139.0M
Total Short-Term Assets $2.646B $6.026B $5.760B
YoY Change -56.09% 16.94% 15.87%
LONG-TERM ASSETS
Property, Plant & Equipment $30.38B $28.17B $34.40B
YoY Change 7.86% -14.86% 8.89%
Goodwill $3.667B $4.187B
YoY Change -3.63% 3.38%
Intangibles $668.0M $936.0M
YoY Change -29.46% 0.43%
Long-Term Investments $36.00M
YoY Change -23.4%
Other Assets $2.044B $203.0M $343.0M
YoY Change -79.71% -43.14% -44.94%
Total Long-Term Assets $36.66B $14.41B $7.085B
YoY Change -13.91% 102.63% -6.51%
TOTAL ASSETS
Total Short-Term Assets $2.646B $6.026B $5.760B
Total Long-Term Assets $36.66B $14.41B $7.085B
Total Assets $39.30B $48.86B $48.19B
YoY Change -19.14% 5.63% 7.12%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $812.0M $995.0M $1.208B
YoY Change -18.39% -23.93% 11.96%
Accrued Expenses $303.0M $298.0M $354.0M
YoY Change 1.68% -8.31% 8.92%
Deferred Revenue
YoY Change
Short-Term Debt $916.0M $836.0M $1.099B
YoY Change 9.57% 19.26% 120.24%
Long-Term Debt Due $485.0M $1.000B $235.0M
YoY Change -51.5% 217.46% -68.71%
Total Short-Term Liabilities $3.876B $7.439B $5.412B
YoY Change -47.9% 51.45% 9.38%
LONG-TERM LIABILITIES
Long-Term Debt $18.56B $17.05B $20.52B
YoY Change 8.85% -17.18% 7.49%
Other Long-Term Liabilities $3.503B $525.0M $601.0M
YoY Change -52.55% -9.95% -9.62%
Total Long-Term Liabilities $22.07B $10.49B $8.281B
YoY Change -9.7% 26.49% -3.55%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.876B $7.439B $5.412B
Total Long-Term Liabilities $22.07B $10.49B $8.281B
Total Liabilities $29.38B $17.92B $13.69B
YoY Change -16.0% 35.78% 1.17%
SHAREHOLDERS EQUITY
Retained Earnings $6.462B $6.017B
YoY Change 13.19% -0.38%
Common Stock $9.440B $9.395B
YoY Change 13.43% 13.04%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $9.919B $13.63B $13.97B
YoY Change
Total Liabilities & Shareholders Equity $39.30B $48.61B $48.19B
YoY Change -19.14% 5.07% 7.12%

Cashflow Statement

Concept 2015 2014 Q4 2014 Q3
OPERATING ACTIVITIES
Net Income $682.0M $695.0M $497.0M
YoY Change -60.74% -809.18% 21.22%
Depreciation, Depletion And Amortization $883.0M $249.0M $249.0M
YoY Change -4.33% -318.42% -26.76%
Cash From Operating Activities $2.615B $617.0M $1.115B
YoY Change -23.16% -23.64% -12.62%
INVESTING ACTIVITIES
Capital Expenditures $3.533B -$1.085B -$936.0M
YoY Change -3.84% 18.71% -3.6%
Acquisitions
YoY Change
Other Investing Activities $5.000M $730.0M $65.00M
YoY Change 150.0% -223.1% 282.35%
Cash From Investing Activities -$3.588B -$355.0M -$871.0M
YoY Change 7.78% -76.44% -8.7%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$203.0M
YoY Change -81.1%
Debt Paid & Issued, Net $1.000B
YoY Change 321.94%
Cash From Financing Activities $68.00M 164.0M -252.0M
YoY Change -88.34% -75.34% -198.44%
NET CHANGE
Cash From Operating Activities $2.615B 617.0M 1.115B
Cash From Investing Activities -$3.588B -355.0M -871.0M
Cash From Financing Activities $68.00M 164.0M -252.0M
Net Change In Cash -$905.0M 426.0M -8.000M
YoY Change -237.75% -1352.94% -101.38%
FREE CASH FLOW
Cash From Operating Activities $2.615B $617.0M $1.115B
Capital Expenditures $3.533B -$1.085B -$936.0M
Free Cash Flow -$918.0M $1.702B $2.051B
YoY Change 238.75% -1.16% -8.72%

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201000000 USD
CY2014 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
1437000000 USD
CY2015Q4 us-gaap Deferred Tax Assets Capital Loss Carryforwards
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387000000 USD
CY2015Q4 us-gaap Common Stock Shares Outstanding
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673857000 shares
CY2014Q4 us-gaap Regulatory Liability Current
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91000000 USD
CY2014 us-gaap Depreciation
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923000000 USD
CY2014Q4 us-gaap Long Term Debt Current
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1000000000 USD
CY2015 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
2.38
CY2013 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
387000000 USD
CY2014Q4 us-gaap Construction In Progress Gross
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2532000000 USD
CY2014 ppl Dividends Dividend Equivalents Redemptions And Distributions
DividendsDividendEquivalentsRedemptionsAndDistributions
984000000 USD
CY2014Q4 us-gaap Public Utilities Property Plant And Equipment Accumulated Depreciation
PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation
5361000000 USD
CY2014 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
96000000 USD
CY2015Q4 us-gaap Deferred Tax Liabilities Noncurrent
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3440000000 USD
CY2014 us-gaap Interest Expense
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843000000 USD
CY2015Q4 us-gaap Common Stock Par Or Stated Value Per Share
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0.01
CY2015 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-921000000 USD
CY2014Q4 us-gaap Deferred Tax Assets Valuation Allowance
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622000000 USD
CY2014Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
48606000000 USD
CY2015 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
-47000000 USD
CY2015Q4 us-gaap Public Utilities Property Plant And Equipment Plant In Service
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34399000000 USD
CY2013 us-gaap Profit Loss
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1130000000 USD
CY2014Q4 ppl Deferred Investment Tax Credit
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132000000 USD
CY2013 us-gaap Payments For Repurchase Of Common Stock
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74000000 USD
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28169000000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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2068000000 USD
CY2015 us-gaap Increase Decrease In Accrued Taxes Payable
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-175000000 USD
CY2014 us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Costs Credit Arising During Period Net Of Tax
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-5000000 USD
CY2013 us-gaap Increase Decrease In Other Operating Assets
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-11000000 USD
CY2013 ppl Deferred Income Tax Expense Benefit Related To Operating Loss Carryforwards
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-4000000 USD
CY2015 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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-1.36
CY2015 us-gaap Comparability Of Prior Year Financial Data
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<div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;text-decoration:underline;margin-left:0pt;' >Changes in Classification</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The classification of certain amounts in the </font><font style='font-family:Times New Roman;font-size:10pt;' >2014</font><font style='font-family:Times New Roman;font-size:10pt;' > and </font><font style='font-family:Times New Roman;font-size:10pt;' >2013</font><font style='font-family:Times New Roman;font-size:10pt;' > financial statements have been changed to conform to the current presentation. </font><font style='font-family:Times New Roman;font-size:10pt;' >These reclassifications did not affect the Registrants&#39; net income or equity. </font></p></div>
CY2015 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-575000000 USD
CY2014 ppl Taxes Other Than Income State Gross Receipts Tax Expense Benefit
TaxesOtherThanIncomeStateGrossReceiptsTaxExpenseBenefit
102000000 USD
CY2014 us-gaap Stock Issued During Period Value New Issues
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1090000000 USD
CY2014 us-gaap Lease And Rental Expense
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CY2013 ppl Stock Based Compensation
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-8000000 USD
CY2014Q4 us-gaap Property Plant And Equipment Other
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592000000 USD
CY2015Q4 us-gaap Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
2016-01-04
CY2014 ppl Charitable Contributions
CharitableContributions
27000000 USD
CY2014Q4 us-gaap Taxes Payable Current
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263000000 USD
CY2015 us-gaap Proceeds From Issuance Of Common Stock
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203000000 USD
CY2015Q1 us-gaap Common Stock Dividends Per Share Declared
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0.3725
CY2014Q4 us-gaap Other Assets Noncurrent
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203000000 USD
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0.35
CY2014Q4 us-gaap Unbilled Contracts Receivable
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517000000 USD
CY2015Q4 us-gaap Defined Benefit Pension Plan Liabilities Noncurrent
DefinedBenefitPensionPlanLiabilitiesNoncurrent
1405000000 USD
CY2014 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
-111000000 USD
CY2014 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
299000000 USD
CY2013 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
0 USD
CY2015 ppl Unrealized Gains Losses On Derivatives And Other Hedging Activities
UnrealizedGainsLossesOnDerivativesAndOtherHedgingActivities
77000000 USD
CY2015 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
699000000 USD
CY2015 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-234000000 USD
CY2015Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
30382000000 USD
CY2015 dei Current Fiscal Year End Date
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--12-31
CY2015Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
24000000 USD
CY2015 ppl Number Of Major Tax Jurisdictions
NumberOfMajorTaxJurisdictions
4
CY2015 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
2.37
CY2014 us-gaap Profit Loss
ProfitLoss
1737000000 USD
CY2015 ppl Maximum Per Day Penalty Federal Energy Regulatory Commission May Assess Under Reliability Standards
MaximumPerDayPenaltyFederalEnergyRegulatoryCommissionMayAssessUnderReliabilityStandards
1000000 USD
CY2014Q4 us-gaap Common Stock Value
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7000000 USD
CY2013 ppl Purchase Contracts
PurchaseContracts
52568000 shares
CY2015Q4 us-gaap Common Stock Value
CommonStockValue
7000000 USD
CY2013 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
84000000 USD
CY2014 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-4000000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
922000000 USD
CY2014 ppl Deferred Income Tax Expense Benefit Related To Operating Loss Carryforwards
DeferredIncomeTaxExpenseBenefitRelatedToOperatingLossCarryforwards
-14000000 USD
CY2015 us-gaap Other Nonoperating Expense
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-84000000 USD
CY2013 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
-97000000 USD
CY2015 ppl Income Tax Reconciliation State Deferred Tax Change
IncomeTaxReconciliationStateDeferredTaxChange
0 USD
CY2014Q4 ppl Deferred Tax Assets Other Foreign
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11000000 USD
CY2014Q4 us-gaap Assets Current
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6026000000 USD
CY2014 ppl Deferred Federal Income Tax Expense Benefit Related To Operating Loss Carryforwards
DeferredFederalIncomeTaxExpenseBenefitRelatedToOperatingLossCarryforwards
8000000 USD
CY2014 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
692000000 USD
CY2013 us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Cost Of Equity
PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedCostOfEquity
10000000 USD
CY2015 ppl Total Increase Decrease To Federal Income Tax On Income From Continuing Operations At Statuatory Tax Rate
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-259000000 USD
CY2015Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
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24000000 USD
CY2013 us-gaap Other Nonoperating Income
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14000000 USD
CY2015Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
11000000 USD
CY2014Q4 ppl Deferred Tax Assets Contribution In Aid Of Construction
DeferredTaxAssetsContributionInAidOfConstruction
138000000 USD
CY2013 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.85
CY2013 us-gaap Other Nonoperating Expense
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69000000 USD
CY2015Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
686000000 USD
CY2014Q4 ppl Deferred Tax Liabilities Taxes Recoverable Through Future Rates
DeferredTaxLiabilitiesTaxesRecoverableThroughFutureRates
-156000000 USD
CY2014Q2 us-gaap Operating Income Loss
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678000000 USD
CY2015 dei Entity Registrant Name
EntityRegistrantName
PPL Corp
CY2014 ppl Income From Continuing Operations After Tax Allocated To Participating Securities
IncomeFromContinuingOperationsAfterTaxAllocatedToParticipatingSecurities
7000000 USD
CY2014Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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162000000 USD
CY2014 ppl Income Tax Reconciliation State Deferred Tax Change
IncomeTaxReconciliationStateDeferredTaxChange
-1000000 USD
CY2014 us-gaap Foreign Income Tax Expense Benefit Continuing Operations
ForeignIncomeTaxExpenseBenefitContinuingOperations
248000000 USD
CY2014 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
152000000 USD
CY2015Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
3875000000 USD
CY2014 us-gaap Income Tax Reconciliation Repatriation Of Foreign Earnings
IncomeTaxReconciliationRepatriationOfForeignEarnings
63000000 USD
CY2015 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
428000000 USD
CY2013 ppl Income Tax Reconciliation Foreign Interest Benefit
IncomeTaxReconciliationForeignInterestBenefit
-7000000 USD
CY2014 ppl Income From Continuing Operations After Tax Interest On Convertible Debt Net Of Tax
IncomeFromContinuingOperationsAfterTaxInterestOnConvertibleDebtNetOfTax
9000000 USD
CY2015Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
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1301000000 USD
CY2014 us-gaap Proceeds From Issuance Of Long Term Debt
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296000000 USD
CY2013 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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-0.36
CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
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2953000000 USD
CY2015 ppl Income Tax Reconciliation Tax Contingencies Domestic And State
IncomeTaxReconciliationTaxContingenciesDomesticAndState
-22000000 USD
CY2015 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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145000000 USD
CY2015Q4 us-gaap Liabilities Noncurrent
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6943000000 USD
CY2015Q1 us-gaap Profit Loss
ProfitLoss
647000000 USD
CY2014Q4 us-gaap Goodwill
Goodwill
3667000000 USD
CY2014 us-gaap Goodwill Translation And Purchase Accounting Adjustments
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-138000000 USD
CY2015Q4 us-gaap Construction In Progress Gross
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1315000000 USD
CY2015 us-gaap Number Of Reportable Segments
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3
CY2014 us-gaap Pension Contributions
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384000000 USD
CY2015 ppl Investment Tax Credit Federal
InvestmentTaxCreditFederal
4000000 USD
CY2015 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-176000000 USD
CY2014 ppl Income Tax Reconciliation Tax Contingencies Domestic And State
IncomeTaxReconciliationTaxContingenciesDomesticAndState
-1000000 USD
CY2014Q4 us-gaap Dividends Payable Current
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249000000 USD
CY2015 us-gaap Foreign Income Tax Expense Benefit Continuing Operations
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130000000 USD
CY2015Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.97
CY2014Q4 us-gaap Finite Lived Intangible Assets Gross
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752000000 USD
CY2015Q1 ppl Lowest Price Per Share Of Stock Sold During Quarter
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31.4
CY2014 ppl Investment Tax Credit Federal
InvestmentTaxCreditFederal
5000000 USD
CY2014 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
18000000 USD
CY2014Q4 ppl Deferred Tax Liabilities Reacquired Debt Costs
DeferredTaxLiabilitiesReacquiredDebtCosts
31000000 USD
CY2013 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
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71000000 USD
CY2014Q4 us-gaap Operating Income Loss
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700000000 USD
CY2015Q2 us-gaap Common Stock Dividends Per Share Declared
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0.3725
CY2015Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
552000000 USD
CY2014Q1 us-gaap Revenues
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2178000000 USD
CY2014 ppl Taxes Other Than Income Domestic Property And Other
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58000000 USD
CY2015Q4 us-gaap Long Term Debt Noncurrent
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18563000000 USD
CY2014Q4 us-gaap Debt Instrument Unamortized Discount Premium Net
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-52000000 USD
CY2014 us-gaap Federal Income Tax Expense Benefit Continuing Operations
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320000000 USD
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41000000 USD
CY2014Q4 us-gaap Short Term Borrowings
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836000000 USD
CY2015Q3 us-gaap Revenues
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1878000000 USD
CY2015Q4 us-gaap Collateral Already Posted Aggregate Fair Value
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9000000 USD
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17054000000 USD
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49000000 USD
CY2013 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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45000000 USD
CY2015Q4 ppl Deferred Tax Liabilities Reacquired Debt Costs
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28000000 USD
CY2014Q4 ppl Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Pensions Foreign
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182000000 USD
CY2013 us-gaap Gain Loss From Price Risk Management Activity
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-38000000 USD
CY2013 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
127000000 USD
CY2015Q4 ppl Common Stock Dividends Per Share Declared As Per Annum Equivalent
CommonStockDividendsPerShareDeclaredAsPerAnnumEquivalent
1.51
CY2014 ppl Deferred State And Local Income Tax Expense Benefit Related To Operating Loss Carryforwards
DeferredStateAndLocalIncomeTaxExpenseBenefitRelatedToOperatingLossCarryforwards
-22000000 USD
CY2015Q4 us-gaap Accounts Payable Current
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812000000 USD
CY2014Q4 us-gaap Regulatory Assets Noncurrent
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1562000000 USD
CY2013 us-gaap Increase Decrease In Other Operating Capital Net
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66000000 USD
CY2014 us-gaap Payments For Proceeds From Other Investing Activities
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2000000 USD
CY2013 us-gaap Interest Expense
InterestExpense
778000000 USD
CY2014 us-gaap Fuel Costs
FuelCosts
965000000 USD
CY2013 ppl Valuation Rollforward Specific Transaction Deductions
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67000000 USD
CY2013 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
360000000 USD
CY2015Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
780000000 shares
CY2013 ppl Net Change Unbilled Revenues
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56000000 USD
CY2015 us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
56000000 USD
CY2014Q4 us-gaap Prepaid Expense Current
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75000000 USD
CY2014 ppl Purchase Contracts
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10559000 shares
CY2015 ppl Taxes Other Than Income State Gross Receipts Tax Expense Benefit
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89000000 USD
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CY2014Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
196000000 USD
CY2014 us-gaap Utilities Operating Expense
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4985000000 USD
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0.225 pure
CY2015Q4 us-gaap Property Plant And Equipment Other
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516000000 USD
CY2014 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.35 pure
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587000000 USD
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CY2013 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
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-135000000 USD
CY2015Q4 ppl Amount Of Unrestricted Net Assets For Consolidated And Unconsolidated Subsidiaries Dividend Payment
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2900000000 USD
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0.5
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1597000000 USD
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120000000 USD
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1457000000 USD
CY2014Q4 ppl Property Plant And Equipment Net Nonregulated
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430000000 USD
CY2014 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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0.45
CY2015Q4 ppl Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Pensions Foreign
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171000000 USD
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6000000 USD
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273000000 USD
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0 shares
CY2014Q4 us-gaap Profit Loss
ProfitLoss
695000000 USD
CY2015 us-gaap Interest Expense
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871000000 USD
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34.85
CY2014 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
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64000000 USD
CY2014 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
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6000000 USD
CY2015Q4 us-gaap Stockholders Equity
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9919000000 USD
CY2014 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.64
CY2015Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
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348000000 USD
CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
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608983000 shares
CY2014 us-gaap Increase Decrease In Receivables
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123000000 USD
CY2014 us-gaap Other Cost Of Services
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1856000000 USD
CY2015 us-gaap Income Taxes Paid Net
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179000000 USD
CY2013 us-gaap Interest Paid Net
InterestPaidNet
916000000 USD
CY2014Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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3079000000 USD
CY2013 us-gaap Current Foreign Tax Expense Benefit
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181000000 USD
CY2013 us-gaap Repayments Of Long Term Debt
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0 USD
CY2014Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.74
CY2015Q2 us-gaap Revenues
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1781000000 USD
CY2015 ppl Minimum Adjusted Equity Ratio To Total Capitalization To Pay Dividends
MinimumAdjustedEquityRatioToTotalCapitalizationToPayDividends
0.3 pure
CY2014 ppl Total Increase Decrease To Federal Income Tax On Income From Continuing Operations At Statuatory Tax Rate
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-53000000 USD
CY2014 ppl Expenditures For Additions To Long Lived Assets
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3723000000 USD
CY2015Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.58
CY2014Q4 ppl Deferred Tax Liabilities Property Plant And Equipment Foreign
DeferredTaxLiabilitiesPropertyPlantAndEquipmentForeign
854000000 USD
CY2013 ppl Unrealized Gains Losses On Derivatives And Other Hedging Activities
UnrealizedGainsLossesOnDerivativesAndOtherHedgingActivities
-56000000 USD
CY2015Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.13
CY2014 ppl Depreciation Not Normalized
DepreciationNotNormalized
-7000000 USD
CY2014Q1 us-gaap Profit Loss
ProfitLoss
316000000 USD
CY2013 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
290000000 USD
CY2013 us-gaap Federal Income Tax Expense Benefit Continuing Operations
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166000000 USD
CY2015Q4 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
61000000 USD
CY2013 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
17000000 USD
CY2014 ppl Tax Expense Benefits From Stock Options Exercised Offset Additional Paid In Capital
TaxExpenseBenefitsFromStockOptionsExercisedOffsetAdditionalPaidInCapital
-4000000 USD
CY2013 ppl Deferred State And Local Income Tax Expense Benefit Related To Operating Loss Carryforwards
DeferredStateAndLocalIncomeTaxExpenseBenefitRelatedToOperatingLossCarryforwards
-18000000 USD
CY2015Q4 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
-28000000 USD
CY2015 us-gaap Utilities Operating Expense
UtilitiesOperatingExpense
4838000000 USD
CY2015 ppl Increase Decrease In Unrecognized Tax Positions
IncreaseDecreaseInUnrecognizedTaxPositions
-17000000 USD
CY2013 ppl Taxes Other Than Income Domestic Property And Other
TaxesOtherThanIncomeDomesticPropertyAndOther
53000000 USD
CY2015 ppl Income From Continuing Operations After Tax Allocated To Participating Securities
IncomeFromContinuingOperationsAfterTaxAllocatedToParticipatingSecurities
6000000 USD
CY2015Q4 us-gaap Public Utilities Property Plant And Equipment Accumulated Depreciation
PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation
5683000000 USD
CY2015 ppl Purchase Contracts
PurchaseContracts
0 shares
CY2015Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
759000000 USD
CY2013 ppl Net Income Available To Common Shareowners
NetIncomeAvailableToCommonShareowners
1124000000 USD
CY2014Q4 us-gaap Deferred Tax Assets Capital Loss Carryforwards
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<div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >21</font><font style='font-family:Arial;font-size:10pt;font-weight:bold;' >. </font><font style='font-family:Arial;font-size:10pt;font-weight:bold;color:#000000;' > New Accounting Guidance Pending Adoption </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' >(All Registrants)</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;text-decoration:underline;margin-left:0pt;' >Accounting for Revenue from Contracts with Customers</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >In May 2014, the Financial Accounting Standards Board (FASB) issued accounting guidance that establishes a comprehensive new </font><font style='font-family:Times New Roman;font-size:10pt;' >model for the recognition of revenue from contracts with customers. This model is based on the core principle that revenue should be recognized to depict the transfer of promised goods or services to customers in an amount that reflects the consideration </font><font style='font-family:Times New Roman;font-size:10pt;' >to which the entity expects to be entitled in exchange for those goods or services.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >For public business entities, this guidance can be applied using either a full retrospective or modified retrospective transition method, beginning in annual reporting per</font><font style='font-family:Times New Roman;font-size:10pt;' >iods after December 15, 2017 and interim periods within those years. Public business entities may early adopt this guidance in annual reporting periods beginning after December 15, 2016. The Registrants expect to adopt this guidance effective January 1, </font><font style='font-family:Times New Roman;font-size:10pt;' >2018. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The Registrants are currently assessing the impact of adopting this guidance, as well as the transition method they will use. </font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' > </font></p></div>
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CY2015Q4 ppl Liabilities Of Disposal Group Including Discontinued Operation Noncurrent1
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CY2014Q3 us-gaap Profit Loss
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497000000 USD
CY2015Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
14000000 USD
CY2014Q4 us-gaap Short Term Investments
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120000000 USD
CY2015Q4 us-gaap Dividends Payable Current
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255000000 USD
CY2013 ppl Income Tax Reconciliation Tax Contingencies Domestic And State
IncomeTaxReconciliationTaxContingenciesDomesticAndState
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CY2014Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
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CY2013 us-gaap Income Tax Reconciliation Repatriation Of Foreign Earnings
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CY2015 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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CY2014 us-gaap Increase Decrease In Prepaid Expense
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CY2015 us-gaap Asset Retirement Obligation Revision Of Estimate
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235000000 USD
CY2014 ppl Cash And Cash Equivalents Period Increase Decrease Discontinued Operations
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CY2015 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes
CY2015Q4 us-gaap Restricted Cash And Cash Equivalents
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CY2015Q3 us-gaap Common Stock Dividends Per Share Declared
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0.3775
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CY2014 ppl Income From Continuing Operations After Tax Available To Shareholders Diluted
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1439000000 USD
CY2015 ppl Cane Run Plant Number Of Plaintiffs Filed Suit
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6
CY2013 us-gaap Stock Issued During Period Value New Issues
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1437000000 USD
CY2013 us-gaap Pension And Other Postretirement Benefit Expense
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2000000 USD
CY2013 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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1062000 shares
CY2014 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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-8000000 USD
CY2014 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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745000000 USD
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-9000000 USD
CY2014 us-gaap Adjustment For Amortization
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65000000 USD
CY2014Q4 ppl Highest Price Per Share Of Stock Sold During Quarter
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38.14
CY2015Q2 us-gaap Operating Income Loss
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CY2015 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax
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67000000 USD
CY2014Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
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0.35
CY2015 ppl Tax Expense Benefits Related To Issuance Costs Of Puchase Contracts Offset To Additional Paid In Capital
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0 USD
CY2015Q4 us-gaap Dividends Payable Date Declared Month And Year
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2015-11
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33.58
CY2015 ppl Segment Reporting Information Deferred Income Taxes And Investment Tax Credits
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428000000 USD
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-8000000 USD
CY2014 us-gaap Payments To Acquire Property Plant And Equipment
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CY2015Q4 us-gaap Assets
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CY2015 dei Document Fiscal Period Focus
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FY
CY2015 dei Entity Central Index Key
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0000922224
CY2013 us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
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CY2013 ppl Charitable Contributions
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CY2015Q4 us-gaap Additional Collateral Aggregate Fair Value
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19000000 USD
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2856000000 USD
CY2014Q4 us-gaap Public Utilities Inventory
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CY2015 dei Document Period End Date
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2015-12-31
CY2013 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
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CY2016Q1 dei Entity Common Stock Shares Outstanding
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0 USD
CY2013 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Benefit Plan Improvement Tax Effect
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CY2013Q4 us-gaap Asset Retirement Obligation
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CY2014Q4 ppl Cash Collateral Obligation Under Master Netting Arrangement Text
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0 USD
CY2013 ppl Tax Expense Benefits Excluded From Income Taxes From Continuing Operations Total
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CY2015Q4 us-gaap Public Utilities Inventory
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CY2013Q4 us-gaap Goodwill
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CY2014Q2 ppl Lowest Price Per Share Of Stock Sold During Quarter
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32.32
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CY2015 us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
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CY2013 ppl Income Tax Reconciliation Income Tax Expense Due To Decrease In Projected Future Taxable Income
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CY2015Q1 us-gaap Revenues
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CY2015 ppl Cane Run Plant Number Of Unresolved Clean Air Act Violations
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1
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CY2015Q4 us-gaap Deferred Tax Liabilities
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CY2013 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
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6000000 USD
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46000000 USD
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0.5 pure
CY2015 ppl Electric And Gas Domestic Regulated Revenue
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CY2015 dei Entity Voluntary Filers
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No
CY2015 ppl Minimum Percentage Of Pension Gains Losses To Use Accelerated Amortization
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0.1 pure
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CY2013 ppl Domestic Revenue Other
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138000000 USD
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352000000 USD
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148000000 USD
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2403000000 USD
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ElectricAndGasDomesticRegulatedRevenue
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CY2015 ppl Maximum Percentage Of Pension Gains Losses To Use Accelerated Amortization
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0.3 pure
CY2015 us-gaap Asset Retirement Obligation Liabilities Settled
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1505000000 USD
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2941000000 USD
CY2015Q4 us-gaap Noncurrent Assets
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15000000 USD
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CY2015Q4 ppl Disposal Group Including Discontinued Operation Assets Noncurrent1
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CY2015 ppl Foreign Tax Rate In Effect Prior To Reduction
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0.2 pure
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1.76
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485000000 USD
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IncomeLossFromContinuingOperationsPerDilutedShare
2.12
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4000000 USD
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0 USD
CY2014Q4 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.62
CY2015 dei Entity Filer Category
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Large Accelerated Filer
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CustomerDepositsCurrent
326000000 USD
CY2014 ppl Equity Investees Other Comprehensive Income Loss Reclassified To Net Income
EquityInvesteesOtherComprehensiveIncomeLossReclassifiedToNetIncome
0 USD
CY2013 ppl Income Tax Reconciliation Income Tax Expense Due To Increased Taxable Dividends
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