Duke Energy 2015 Annual Report Download - page 180
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160
PART II
DUKE ENERGY CORPORATION • DUKE ENERGY CAROLINAS, LLC • PROGRESS ENERGY, INC. •
DUKE ENERGY PROGRESS, LLC • DUKE ENERGY FLORIDA, LLC • DUKE ENERGY OHIO, INC. • DUKE ENERGY INDIANA, INC.
Combined Notes to Consolidated Financial Statements – (Continued)
OFFSETTING ASSETS AND LIABILITIES
The following tables present the line items on the Consolidated Balance Sheets where derivatives are reported. Substantially all of Duke Energy’s outstanding
derivative contracts are subject to enforceable master netting arrangements. The Gross amounts offset in the tables below show the effect of these netting
arrangements on financial position, and include collateral posted to offset the net position. The amounts shown are calculated by counterparty. Accounts receivable or
accounts payable may also be available to offset exposures in the event of bankruptcy. These amounts are not included in the tables below.
Derivative Assets December 31, 2015
(in millions)
Duke
Energy
Duke Energy
Carolinas
Progress
Energy
Duke Energy
Progress
Duke Energy
Florida
Duke Energy
Ohio
Duke Energy
Indiana
Current
Gross amounts recognized $ 18 $ — $ 7 $ 2 $ 3 $ 3 $ 7
Gross amounts offset (3) — (2) — (2) — —
Net amounts presented in Current Assets: Other $ 15 $ — $ 5 $ 2 $ 1 $ 3 $ 7
Noncurrent
Gross amounts recognized $ 8 $ — $ 4 $ — $ 4 $ — $ —
Gross amounts offset (4) — (4) — (4) — —
Net amounts presented in Investments and Other Assets: Other $ 4 $ — $ — $ — $ — $ — $ —
Derivative Liabilities December 31, 2015
(in millions)
Duke
Energy
Duke Energy
Carolinas
Progress
Energy
Duke Energy
Progress
Duke Energy
Florida
Duke Energy
Ohio
Duke Energy
Indiana
Current
Gross amounts recognized $ 271 $ 32 $ 225 $ 77 $ 145 $ 1 $ —
Gross amounts offset (22) — (21) (1) (20) — —
Net amounts presented in Current Liabilities: Other $ 249 $ 32 $ 204 $ 76 $ 125 $ 1 $ —
Noncurrent
Gross amounts recognized $ 148 $ 13 $ 97 $ 21 $ 71 $ 6 $ —
Gross amounts offset (16) — (15) — (15) — —
Net amounts presented in Deferred Credits and Other Liabilities:
Other $ 132 $ 13 $ 82 $ 21 $ 56 $ 6 $ —