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SEGMENTED INFORMATION (Tables) | 12 Months Ended
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Dec. 31, 2023
Segment Reporting [Abstract] |
Schedule of Reporting Information by Segment |
Year ended December 31, 2023 | Liquids Pipelines | Gas Transmission and Midstream | Gas Distribution and Storage | Renewable Power Generation | Energy Services | Eliminations and Other | Consolidated
(millions of Canadian dollars) |  |  |  |  |  |  |
Operating revenues (Note 4) | 12,863 |  | 5,854 |  | 5,976 |  | 477 |  | 18,989 |  | (510) |  | 43,649 |
Commodity and gas distribution costs | — |  | (15) |  | (2,871) |  | (20) |  | (18,975) |  | 515 |  | (21,366) |
Operating and administrative | (4,629) |  | (2,380) |  | (1,285) |  | (261) |  | (52) |  | 7 |  | (8,600) |
Impairment of long-lived assets 1 | 145 |  | — |  | (281) |  | (283) |  | — |  | — |  | (419) |
Income/(loss) from equity investments (Note 13) | 1,007 |  | 688 |  | 2 |  | 140 |  | — |  | (21) |  | 1,816 |
Other income (Note 27) | 113 |  | 117 |  | 51 |  | 96 |  | 1 |  | 846 |  | 1,224 |
Earnings/(loss) before interest, income taxes and depreciation and amortization | 9,499 |  | 4,264 |  | 1,592 |  | 149 |  | (37) |  | 837 |  | 16,304 |
Depreciation and amortization |  |  |  |  |  |  | (4,613) |
Interest expense (Note 17) |  |  |  |  |  |  | (3,812) |
Income tax expense (Note 24) |  |  |  |  |  |  | (1,821) |
Earnings |  |  |  |  |  |  | 6,058 |
Capital expenditures 2 | 1,158 |  | 1,944 |  | 1,451 |  | 100 |  | — |  | 55 |  | 4,708 |
Total property, plant and equipment, net (Note 11) | 51,851 |  | 31,016 |  | 18,766 |  | 2,706 |  | 4 |  | 298 |  | 104,641 |
Year ended December 31, 2022 | Liquids Pipelines | Gas Transmission and Midstream | Gas Distribution and Storage | Renewable Power Generation | Energy Services | Eliminations and Other | Consolidated
(millions of Canadian dollars) |  |  |  |  |  |  |
Operating revenues (Note 4) | 12,052 |  | 5,426 |  | 6,729 |  | 582 |  | 29,175 |  | (655) |  | 53,309 |
Commodity and gas distribution costs | — |  | — |  | (3,693) |  | (16) |  | (29,525) |  | 645 |  | (32,589) |
Operating and administrative | (4,287) |  | (2,254) |  | (1,289) |  | (255) |  | (49) |  | (85) |  | (8,219) |
Impairment of long-lived assets | (245) |  | — |  | — |  | (235) |  | (13) |  | (48) |  | (541) |
Impairment of goodwill (Note 15) | — |  | (2,465) |  | — |  | — |  | — |  | — |  | (2,465) |
Income/(loss) from equity investments (Note 13) | 785 |  | 1,133 |  | 1 |  | 141 |  | — |  | (4) |  | 2,056 |
Gain on joint venture merger transaction (Note 13) | — |  | 1,076 |  | — |  | — |  | — |  | — |  | 1,076 |
Other income/(expense) (Note 27) | 59 |  | 210 |  | 79 |  | 45 |  | (5) |  | (977) |  | (589) |
Earnings/(loss) before interest, income taxes and depreciation and amortization | 8,364 |  | 3,126 |  | 1,827 |  | 262 |  | (417) |  | (1,124) |  | 12,038 |
Depreciation and amortization |  |  |  |  |  |  | (4,317) |
Interest expense (Note 17) |  |  |  |  |  |  | (3,179) |
Income tax expense (Note 24) |  |  |  |  |  |  | (1,604) |
Earnings |  |  |  |  |  |  | 2,938 |
Capital expenditures 2 | 1,418 |  | 1,690 |  | 1,499 |  | 50 |  | — |  | 33 |  | 4,690 |
Total property, plant and equipment, net (Note 11) | 53,567 |  | 29,666 |  | 17,857 |  | 3,082 |  | 6 |  | 282 |  | 104,460 |
Year ended December 31, 2021 | Liquids Pipelines | Gas Transmission and Midstream | Gas Distribution and Storage | Renewable Power Generation | Energy Services | Eliminations and Other | Consolidated
(millions of Canadian dollars) |  |  |  |  |  |  |
Operating revenues (Note 4) | 10,581 |  | 4,711 |  | 4,980 |  | 512 |  | 26,917 |  | (630) |  | 47,071 |
Commodity and gas distribution costs | (25) |  | — |  | (2,147) |  | — |  | (27,174) |  | 644 |  | (28,702) |
Operating and administrative | (3,431) |  | (1,877) |  | (1,143) |  | (180) |  | (48) |  | (33) |  | (6,712) |
Income/(loss) from equity investments (Note 13) | 759 |  | 702 |  | 42 |  | 101 |  | — |  | (4) |  | 1,600 |
Other income/(expense) (Note 27) | 13 |  | 135 |  | 385 |  | 75 |  | (8) |  | 379 |  | 979 |
Earnings/(loss) before interest, income taxes and depreciation and amortization | 7,897 |  | 3,671 |  | 2,117 |  | 508 |  | (313) |  | 356 |  | 14,236 |
Depreciation and amortization |  |  |  |  |  |  | (3,852) |
Interest expense (Note 17) |  |  |  |  |  |  | (2,655) |
Income tax expense (Note 24) |  |  |  |  |  |  | (1,415) |
Earnings |  |  |  |  |  |  | 6,314 |
Capital expenditures 2 | 4,051 |  | 2,420 |  | 1,343 |  | 16 |  | 1 |  | 54 |  | 7,885 |
Total property, plant and equipment, net | 52,530 |  | 27,028 |  | 16,904 |  | 3,315 |  | 23 |  | 267 |  | 100,067 |
1 The Liquids Pipelines segment includes the impact of a gain resulting from the derecognition of a net regulatory liability due to the discontinuance of regulatory accounting for our Southern Lights Pipeline (Note 7). 2 Includes equity component of AFUDC.
Schedule of Revenues by Geographical Segments | Revenues 1
Year ended December 31, | 2023 | 2022 | 2021
(millions of Canadian dollars) |  |  |
Canada | 23,781 |  | 27,498 |  | 20,474 |
US | 19,868 |  | 25,811 |  | 26,597 |
| 43,649 |  | 53,309 |  | 47,071 |
1 Revenues are based on the country of origin of the product or service sold.
Schedule of Property, Plant And Equipment By Geographical Segments | Property, Plant and Equipment 1
December 31, | 2023 | 2022
(millions of Canadian dollars) |  |
Canada | 48,570 |  | 47,602 |
US | 56,071 |  | 56,858 |
| 104,641 |  | 104,460 |
1 Amounts are based on the location where the assets are held.

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