Duke Energy 2015 Annual Report Download - page 226

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206
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)
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: Deferred income taxes (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)
UNRECOGNIZED TAX BENEFITS
The following tables present changes to unrecognized tax benefits.
Year Ended December 31, 2015
(in millions)
Duke
Energy
Duke
Energy
Carolinas
Progress
Energy
Duke
Energy
Progress
Duke
Energy
Florida
Duke
Energy
Indiana
Unrecognized tax benefits – January 1 $ 213 $ 160 $ 32 $ 23 $ 8 $ 1
Unrecognized tax benefits increases (decreases)
Gross increases – tax positions in prior periods — — 1 1 — —
Gross decreases – tax positions in prior periods (48) (45) — — — —
Decreases due to settlements (45) (43) — — — —
Reduction due to lapse of statute of limitations (32) — (32) (21) (8) —
Total changes (125) (88) (31) (20) (8) —
Unrecognized tax benefits – December 31 $ 88 $ 72 $ 1 $ 3 $ — $ 1
Year Ended December 31, 2014
(in millions)
Duke
Energy
Duke
Energy
Carolinas
Progress
Energy
Duke
Energy
Progress
Duke
Energy
Florida
Duke
Energy
Indiana
Unrecognized tax benefits – January 1 $ 230 $ 171 $ 32 $ 22 $ 8 $ 1
Unrecognized tax benefits (decreases) increases
Gross increases – tax positions in prior periods — — 1 1 — —
Gross decreases – tax positions in prior periods (2) — — — — —
Decreases due to settlements (15) (11) (1) — — —
Total changes (17) (11) — 1 — —
Unrecognized tax benefits – December 31 $ 213 $ 160 $ 32 $ 23 $ 8 $ 1
(in millions)
Year Ended December 31, 2013
Duke
Energy
Duke
Energy
Carolinas
Progress
Energy
Duke
Energy
Progress
Duke
Energy
Florida
Duke
Energy
Ohio
Duke
Energy
Indiana
Unrecognized tax benefits – January 1 $ 540 $ 271 $ 131 $ 67 $ 44 $ 36 $ 32
Unrecognized tax benefits increases (decreases)
Gross decreases – tax positions in prior periods (231) (100) (86) (45) (37) (36) (31)
Decreases due to settlements (66) — — — — — —
Reduction due to lapse of statute of limitations (13) — (13) — 1 — —
Total changes (310) (100) (99) (45) (36) (36) (31)
Unrecognized tax benefits – December 31 $ 230 $ 171 $ 32 $ 22 $ 8 $ — $ 1