Duke Energy 2013 Annual Report Download - page 223
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205
PART II
DUKE ENERGY CORPORATION • DUKE ENERGY CAROLINAS, LLC • PROGRESS ENERGY, INC. •
DUKE ENERGY PROGRESS, INC. • DUKE ENERGY FLORIDA, INC. • DUKE ENERGY OHIO, INC. • DUKE ENERGY INDIANA, INC.
Combined Notes to Consolidated Financial Statements – (Continued)
Year Ended December 31, 2012
(in millions)
Duke
Energy
Duke
Energy
Carolinas
Progress
Energy
Duke
Energy
Progress
Duke
Energy
Florida
Duke
Energy
Ohio
Duke
Energy
Indiana
Net interest income recognized related to income taxes $ 10 $ 9 $ — $ — $ — $ — $ 2
Net interest expense recognized related to income taxes — — 2 — 2 — —
Interest receivable related to income taxes — 7 — — — — —
Interest payable related to income taxes 7 — 17 8 9 3 1
Year Ended December 31, 2011
(in millions)
Duke
Energy
Duke
Energy
Carolinas
Progress
Energy
Duke
Energy
Progress
Duke
Energy
Florida
Duke
Energy
Ohio
Duke
Energy
Indiana
Net interest income recognized related to income taxes $ 12 $ 5 $ 24 $ 6 $ 22 $ — $ —
Net interest expense recognized related to income taxes — — — — — 1 1
Interest receivable related to income taxes 8 5 — — — — —
Interest payable related to income taxes — — 21 8 7 3 3
Duke Energy and its subsidiaries are no longer subject to U.S. federal examination for years before 2006. The years 2006 and 2007 are in Appeals. The IRS is
currently auditing the federal income tax returns for years 2008 through 2011. With few exceptions, Duke Energy and its subsidiaries are no longer subject to state,
local or non-U.S. income tax examinations by tax authorities for years before 2004.
23. OTHER INCOME AND EXPENSES, NET
The components of Other income and expenses, net on the Consolidated Statements of Operations are as follows.
Year Ended December 31, 2013
(in millions)
Duke
Energy
Duke
Energy
Carolinas
Progress
Energy
Duke
Energy
Progress
Duke
Energy
Florida
Duke
Energy
Ohio
Duke
Energy
Indiana
Interest income $ 26 $ 1 $ 7 $ 1 $ 3 $ 6 $ 6
Foreign exchange losses (18) — — — — — —
AFUDC equity 157 91 50 42 8 1 15
Deferred returns 39 32 7 7 — — —
Other income (expense) 58 (4) 30 7 19 (3) (3)
Other income and expense, net $ 262 $ 120 $ 94 $ 57 $ 30 $ 4 $ 18