Duke Energy 2015 Annual Report Download - page 108

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PART II
December 31,
(in millions) 2015 2014
ASSETS
Current Assets
Cash and cash equivalents $ 15 $ 9
Receivables (net of allowance for doubtful accounts of $4 at December 31, 2015 and $7 at December 31, 2014) 87 43
Restricted receivables of variable interest entities (net of allowance for doubtful accounts of $5 at December 31, 2015 and December 31, 2014) 349 436
Receivables from affiliated companies 16 10
Notes receivable from affiliated companies —237
Inventory 1,088 966
Regulatory assets 264 287
Other 121 384
Total current assets 1,940 2,372
Investments and Other Assets
Nuclear decommissioning trust funds 2,035 1,701
Other 486 412
Total investments and other assets 2,521 2,113
Property, Plant and Equipment
Cost 27,313 24,207
Accumulated depreciation and amortization (10,141) (9,021)
Generation facilities to be retired, net 548 —
Net property, plant and equipment 17,720 15,186
Regulatory Assets and Deferred Debits
Regulatory assets 2,710 2,675
Other 33
Total regulatory assets and deferred debits 2,713 2,678
Total Assets $ 24,894 $22,349
LIABILITIES AND EQUITY
Current Liabilities
Accounts payable $ 399 $ 481
Accounts payable to affiliated companies 190 120
Notes payable to affiliated companies 209 —
Taxes accrued 15 47
Interest accrued 96 81
Current maturities of long-term debt 2945
Regulatory liabilities 85 71
Other 412 409
Total current liabilities 1,408 2,154
Long-Term Debt 6,366 5,225
Long-Term Debt Payable to Affiliated Companies 150 —
Deferred Credits and Other Liabilities
Deferred income taxes 3,027 2,908
Investment tax credits 132 79
Accrued pension and other post-retirement benefit costs 262 290
Asset retirement obligations 4,567 3,905
Regulatory liabilities 1,878 1,832
Other 45 89
Total deferred credits and other liabilities 9,911 9,103
Commitments and Contingencies
Equity
Member's Equity 7,059 —
Common stock, no par; 200 million shares authorized; 160 million shares outstanding at December 31, 2014 —2,159
Retained earnings —3,708
Total equity 7,059 5,867
Total Liabilities and Equity $ 24,894 $22,349
See Notes to Consolidated Financial Statements
DUKE ENERGY PROGRESS, LLC (formerly DUKE ENERGY PROGRESS, INC.)
CONSOLIDATED BALANCE SHEETS