Duke Energy 2014 Annual Report Download - page 227

207
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)
December 31, 2013
(in millions)
Duke
Energy
Duke
Energy
Carolinas
Progress
Energy
Duke
Energy
Progress
Duke
Energy
Florida
Duke
Energy
Ohio
Duke
Energy
Indiana
Deferred credits and other liabilities $ 245 $ 56 $ 136 $ 9 $ 96 $ (13) $ 9
Capital lease obligations 59 11 — — — — (2)
Pension, post-retirement and other employee benefi ts 649 18 341 119 145 23 54
Progress Energy merger purchase accounting adjustments(a) 1,184 — — — — — —
Tax credits and NOL carryforwards 4,307 488 1,965 396 365 165 521
Other 265 15 116 39 43 20 14
Valuation allowance (192) — (40) (1) — — —
Total deferred income tax assets 6,517 588 2,518 562 649 195 596
Investments and other assets (1,396) (999) (209) (160) (49) (17) (7)
Accelerated depreciation rates (12,615) (4,400) (3,663) (2,528) (1,160) (1,937) (1,591)
Regulatory assets and deferred debits (3,185) (609) (1,389) (202) (1,159) (168) (117)
Total deferred income tax liabilities (17,196) (6,008) (5,261) (2,890) (2,368) (2,122) (1,715)
Net deferred income tax liabilities $(10,679) $(5,420) $(2,743) $(2,328) $(1,719) $(1,927) $(1,119)
(a) Primarily related to capital lease obligations and debt fair value adjustments.
Classifi cation of Deferred Tax Assets (Liabilities) in the Consolidated Balance Sheets
December 31, 2014
(in millions)
Duke
Energy
Duke
Energy
Carolinas
Progress
Energy
Duke
Energy
Progress
Duke
Energy
Florida
Duke
Energy
Ohio
Duke
Energy
Indiana
Current Assets: Other $ 1,593 $ 3 $ 558 $ 106 $ 340 $ 60 $ 206
Investments and Other Assets: Other 29 — — — — — —
Current Liabilities: Other — (5) — — — — —
Deferred Credits and Other Liabilities: Other (13,423) (5,812) (4,759) (2,908) (2,452) (1,765) (1,591)
Net deferred income tax liabilities $(11,801) $(5,814) $(4,201) $(2,802) $(2,112) $(1,705) $(1,385)
December 31, 2013
(in millions)
Duke
Energy
Duke
Energy
Carolinas
Progress
Energy
Duke
Energy
Progress
Duke
Energy
Florida
Duke
Energy
Ohio
Duke
Energy
Indiana
Current Assets: Other $ 1,373 $ 286 $ 540 $ 229 $ 110 $ 85 $ 52
Investments and Other Assets: Other 45 — — — — — —
Deferred Credits and Other Liabilities: Other (12,097) (5,706) (3,283) (2,557) (1,829) (2,012) (1,171)
Net deferred income tax liabilities $ (10,679) $(5,420) $ (2,743) $(2,328) $(1,719) $(1,927) $(1,119)