Gain on derivative instruments



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| FINANCIAL STATEMENTS | BUSINESS SEGMENTS |

  


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|  | Three Months Ended September 30, 2021 |
|  | Electric |  | Gas |  |  |  | Total |  |  |  |  |  |  |
|  | Utilities and |  | Utilities and |  | Commercial |  | Reportable |  |  |  |  |  |  |
| (in millions) | Infrastructure |  | Infrastructure |  | Renewables |  | Segments |  | Other |  | Eliminations |  | Total |
| Unaffiliated revenues | $ | 6,560  |  |  | $ | 266  |  |  | $ | 117  |  |  | $ | 6,943  |  |  | $ | 8  |  |  | $ | —  |  |  | $ | 6,951  |  |
| Intersegment revenues | 9  |  |  | 23  |  |  | —  |  |  | 32  |  |  | 20  |  |  | (52) |  |  | —  |  |
| Total revenues | $ | 6,569  |  |  | $ | 289  |  |  | $ | 117  |  |  | $ | 6,975  |  |  | $ | 28  |  |  | $ | (52) |  |  | $ | 6,951  |  |
| Segment income (loss)(c)(d) | $ | 1,425  |  |  | $ | (3) |  |  | $ | 78  |  |  | $ | 1,500  |  |  | $ | (134) |  |  | $ | —  |  |  | $ | 1,366  |  |
| Less: Noncontrolling interests |  |  |  |  |  |  |  |  |  |  |  |  | 129  |  |
| Add: Preferred stock dividend |  |  |  |  |  |  |  |  |  |  |  |  | 39  |  |
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| Net Income |  |  |  |  |  |  |  |  |  |  |  |  | $ | 1,276  |  |

(a)Commercial Renewables includes a $6 million gain recorded within Nonregulated electric and other revenues related to mark-to-market derivative contracts on the Condensed Consolidated Statements of Operations.(b)Discontinued operations includes a reduction to a previously accrued liability as a result of the expiration of tax statutes related to the International Disposal Group.(c)Electric Utilities and Infrastructure includes $160 million recorded within Impairment of assets and other charges, $77 million within Other Income and expenses, $5 million within Operations, maintenance and other, $13 million within Regulated electric operating revenues and $3 million within Interest expense on the Duke Energy Carolinas' Condensed Consolidated Statement of Operations related to the 2018 South Carolina rate cases and the CCR settlement and insurance proceeds distributed in accordance with that agreement; it also includes $42 million recorded within Impairment of assets and other charges, $34 million within Other Income and expenses, $7 million within Operations, maintenance, and other, $15 million within Regulated electric operating revenues and $5 million within Interest expense on the Duke Energy Progress' Condensed Consolidated Statement of Operations.(d)Other includes $8 million recorded within Impairment of assets and other charges, $1 million within Operations, maintenance and other on the Condensed Consolidated Statements of Operations, related to the workplace and workforce realignment. 

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|  | Nine Months Ended September 30, 2022 |
|  | Electric |  | Gas |  |  |  | Total |  |  |  |  |  |  |
|  | Utilities and |  | Utilities and |  | Commercial |  | Reportable |  |  |  |  |  |  |
| (in millions) | Infrastructure |  | Infrastructure |  | Renewables |  | Segments |  | Other |  | Eliminations |  | Total |
| Unaffiliated revenues | $ | 19,552  |  |  | $ | 1,843  |  |  | $ | 369  |  |  | $ | 21,764  |  |  | $ | 21  |  |  | $ | —  |  |  | $ | 21,785  |  |
| Intersegment revenues | 24  |  |  | 69  |  |  | 3  |  |  | 96  |  |  | 68  |  |  | (164) |  |  | —  |  |
| Total revenues | $ | 19,576  |  |  | $ | 1,912  |  |  | $ | 372  |  |  | $ | 21,860  |  |  | $ | 89  |  |  | $ | (164) |  |  | $ | 21,785  |  |
| Segment income (loss)(a)(b) | $ | 3,237  |  |  | $ | 277  |  |  | $ | 43  |  |  | $ | 3,557  |  |  | $ | (486) |  |  | $ | —  |  |  | $ | 3,071  |  |
| Less: Noncontrolling interests |  |  |  |  |  |  |  |  |  |  |  |  | 73  |  |
| Add: Preferred stock dividend |  |  |  |  |  |  |  |  |  |  |  |  | 92  |  |
| Income from discontinued operations, net of tax(c) |  |  |  |  |  |  |  |  |  |  |  |  | 23  |  |
| Net Income |  |  |  |  |  |  |  |  |  |  |  |  | $ | 3,113  |  |
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|  | Nine Months Ended September 30, 2021 |
|  | Electric |  | Gas |  |  |  | Total |  |  |  |  |  |  |
|  | Utilities and |  | Utilities and |  | Commercial |  | Reportable |  |  |  |  |  |  |
| (in millions) | Infrastructure |  | Infrastructure |  | Renewables |  | Segments |  | Other |  | Eliminations |  | Total |
| Unaffiliated revenues | $ | 17,161  |  |  | $ | 1,323  |  |  | $ | 355  |  |  | $ | 18,839  |  |  | $ | 20  |  |  | $ | —  |  |  | $ | 18,859  |  |
| Intersegment revenues | 24  |  |  | 68  |  |  | —  |  |  | 92  |  |  | 61  |  |  | (153) |  |  | —  |  |
| Total revenues | $ | 17,185  |  |  | $ | 1,391  |  |  | $ | 355  |  |  | $ | 18,931  |  |  | $ | 81  |  |  | $ | (153) |  |  | $ | 18,859  |  |
| Segment income (loss)(d)(e)(f)(g) | $ | 3,180  |  |  | $ | 259  |  |  | $ | 152  |  |  | $ | 3,591  |  |  | $ | (521) |  |  | $ | —  |  |  | $ | 3,070  |  |
| Less: Noncontrolling interests |  |  |  |  |  |  |  |  |  |  |  |  | 247  |  |
| Add: Preferred stock dividend |  |  |  |  |  |  |  |  |  |  |  |  | 92  |  |
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| Net Income |  |  |  |  |  |  |  |  |  |  |  |  | $ | 2,915  |  |
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