Duke Energy 2011 Annual Report Download - page 233

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PART II
DUKE ENERGY CORPORATION •DUKE ENERGY CAROLINAS, LLC •DUKE ENERGY OHIO, INC. •DUKE ENERGY INDIANA, INC.
Combined Notes to Consolidated Financial Statements – (Continued)
Changes to Unrecognized Tax Benefits
For the Year Ended
December 31, 2011
(in millions)
Duke
Energy
Duke
Energy
Carolinas
Duke
Energy
Ohio
Duke
Energy
Indiana
Increase/(Decrease)
Unrecognized Tax
Benefits — January 1, $342 $217 $29 $21
Unrecognized Tax
Benefits Changes
Gross increases —
tax positions in
prior periods 49 42 4 3
Gross decreases —
tax positions in
prior periods (18) (8) (5) (3)
Gross increases —
current period tax
positions 16 9 4 3
Settlements (4) — — —
Total Changes 43 43 3 3
Unrecognized Tax
Benefits —
December 31, $385 $260 $32 $24
For the Year Ended
December 31, 2010
(in millions)
Duke
Energy
Duke
Energy
Carolinas
Duke
Energy
Ohio
Duke
Energy
Indiana
Increase/(Decrease)
Unrecognized Tax Benefits
— January 1, $ 664 $ 517 $ 32 $ 28
Unrecognized Tax Benefits
Changes
Gross increases — tax
positions in prior
periods 36 14 15 7
Gross decreases — tax
positions in prior
periods (43) (7) (21) (13)
Gross increases —
current period tax
positions 5 3 1 1
Settlements (320) (310) 2 (2)
Total Changes (322) (300) (3) (7)
Unrecognized Tax
Benefits —
December 31, $ 342 $ 217 $ 29 $ 21
For the Year Ended
December 31, 2009
(in millions)
Duke
Energy
Duke
Energy
Carolinas
Duke
Energy
Ohio
Duke
Energy
Indiana
Increase/(Decrease)
Unrecognized Tax Benefits
— January 1, $572 $462 $15 $ 9
Unrecognized Tax Benefits
Changes
Gross increases — tax
positions in prior
periods 132 58 30 22
Gross decreases — tax
positions in prior
periods (38) (11) (9) (1)
Gross increases —
current period tax
positions 11 8 1 2
Settlements (13) — (5) (4)
Total Changes 92 55 17 19
Unrecognized Tax
Benefits —
December 31, $664 $517 $32 $28
The following table includes information regarding the Duke
Energy Registrants unrecognized tax benefits(a).
(in millions)
Duke
Energy
Duke
Energy
Carolinas
Duke
Energy
Ohio
Duke
Energy
Indiana
December 31, 2011
Amount that if
recognized, would
affect the effective tax
rate or regulatory
liability(b) 121 115 — —
Amount that if
recognized, would be
recorded as a
component of
discontinued
operations 11 — — —
(a) The Duke Registrants do not anticipate a material increase or decrease in unrecognized
tax benefits in the next 12 months.
(b) Duke Energy and Duke Energy Carolinas are unable to estimate the specific amounts
that would affect the effective tax rate or regulatory liability.
213