Duke Energy 2015 Annual Report Download - page 118

98
PART II
December 31,
(in millions) 2015 2014
ASSETS
Current Assets
Cash and cash equivalents $ 14 $ 20
Receivables (net of allowance for doubtful accounts of $2 at December 31, 2015 and December 31, 2014) 66 93
Receivables from affiliated companies 84 107
Notes receivable from affiliated companies —145
Inventory 105 97
Assets held for sale —316
Regulatory assets 36 49
Other 110 167
Total current assets 415 994
Investments and Other Assets
Goodwill 920 920
Assets held for sale —2,605
Other 20 23
Total investments and other assets 940 3,548
Property, Plant and Equipment
Cost 7,750 7,141
Accumulated depreciation and amortization (2,507) (2,213)
Generation facilities to be retired, net —9
Net property, plant and equipment 5,243 4,937
Regulatory Assets and Deferred Debits
Regulatory assets 497 512
Other 22
Total regulatory assets and deferred debits 499 514
Total Assets $ 7,097 $ 9,993
LIABILITIES AND EQUITY
Current Liabilities
Accounts payable $ 207 $ 209
Accounts payable to affiliated companies 53 74
Notes payable to affiliated companies 103 491
Taxes accrued 171 163
Interest accrued 18 19
Current maturities of long-term debt 106 157
Liabilities associated with assets held for sale —246
Regulatory liabilities 12 10
Other 153 66
Total current liabilities 823 1,435
Long-Term Debt 1,467 1,578
Long-Term Debt Payable to Affiliated Companies 25 25
Deferred Credits and Other Liabilities
Deferred income taxes 1,407 1,765
Accrued pension and other post-retirement benefit costs 56 48
Liabilities associated with assets held for sale —34
Asset retirement obligations 125 27
Regulatory liabilities 245 241
Other 165 166
Total deferred credits and other liabilities 1,998 2,281
Commitments and Contingencies
Equity
Common stock, $8.50 par value, 120,000,000 shares authorized; 89,663,086 shares outstanding at December 31, 2015 and 2014 762 762
Additional paid-in capital 2,720 4,782
Accumulated deficit (698) (870)
Total equity 2,784 4,674
Total Liabilities and Equity $ 7,097 $ 9,993
See Notes to Consolidated Financial Statements
DUKE ENERGY OHIO, INC.
CONSOLIDATED BALANCE SHEETS