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SEGMENTED INFORMATION | 12 Months Ended
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Dec. 31, 2023
Segment Reporting [Abstract] |
SEGMENTED INFORMATION | SEGMENTED INFORMATION
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. The measurement basis for preparation of segmented information is consistent with our significant accounting policies (Note 2). GEOGRAPHIC INFORMATION 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. 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. Change in Reportable Segments Effective January 1, 2024, to better align how the CODM reviews operating performance and resource allocation across operating segments, we transferred our Canadian and US crude oil businesses from the Energy Services segment to the Liquids Pipelines segment. The Energy Services segment will cease to exist and the remainder of the business will be reported in the Eliminations and Other segment. Beginning in the first quarter of 2024, prior period comparable results for segmented information will be recast to reflect the change in reportable segments. This segment reporting change will have no impact on our consolidated results.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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