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REVENUE (Tables) | 9 Months Ended
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Sep. 30, 2024
Revenue from Contract with Customer [Abstract] |
Schedule of Major Products and Services | Major Products and Services
Three months ended September 30, 2024 | Liquids Pipelines | Gas Transmission | Gas Distribution and Storage | Renewable Power Generation | Eliminations and Other | Consolidated
(millions of Canadian dollars) |  |  |  |  |  |
Transportation revenue | 2,906 |  | 1,264 |  | 447 |  | — |  | — |  | 4,617 |
Storage and other revenue | 65 |  | 143 |  | 125 |  | — |  | — |  | 333 |
Gas distribution revenue | — |  | — |  | 710 |  | — |  | — |  | 710 |
Electricity revenue | — |  | — |  | — |  | 36 |  | — |  | 36 |
Commodity sales | — |  | 37 |  | — |  | — |  | — |  | 37 |
Total revenue from contracts with customers | 2,971 |  | 1,444 |  | 1,282 |  | 36 |  | — |  | 5,733 |
Commodity sales | 8,725 |  | 10 |  | — |  | — |  | 214 |  | 8,949 |
Other revenue 1,2 | 79 |  | 27 |  | (2) |  | 96 |  | — |  | 200 |
Intersegment revenue | — |  | 5 |  | 1 |  | 1 |  | (7) |  | — |
Total revenue | 11,775 |  | 1,486 |  | 1,281 |  | 133 |  | 207 |  | 14,882 |
Three months ended September 30, 2023 | Liquids Pipelines | Gas Transmission | Gas Distribution and Storage | Renewable Power Generation | Eliminations and Other | Consolidated
(millions of Canadian dollars) |  |  |  |  |  |
Transportation revenue | 2,856 |  | 1,294 |  | 148 |  | — |  | — |  | 4,298 |
Storage and other revenue | 65 |  | 118 |  | 83 |  | — |  | — |  | 266 |
Gas distribution revenue | — |  | — |  | 528 |  | — |  | — |  | 528 |
Electricity revenue | — |  | — |  | — |  | 79 |  | — |  | 79 |
Total revenue from contracts with customers | 2,921 |  | 1,412 |  | 759 |  | 79 |  | — |  | 5,171 |
Commodity sales | 4,373 |  | — |  | — |  | — |  | 279 |  | 4,652 |
Other revenue 1,2 | 61 |  | 11 |  | (9) |  | (42) |  | — |  | 21 |
Intersegment revenue | — |  | — |  | 1 |  | 3 |  | (4) |  | — |
Total revenue | 7,355 |  | 1,423 |  | 751 |  | 40 |  | 275 |  | 9,844 |
Nine months ended September 30, 2024 | Liquids Pipelines | Gas Transmission | Gas Distribution and Storage | Renewable Power Generation | Eliminations and Other | Consolidated
(millions of Canadian dollars) |  |  |  |  |  |
Transportation revenue | 8,916 |  | 3,895 |  | 1,267 |  | — |  | — |  | 14,078 |
Storage and other revenue | 192 |  | 416 |  | 351 |  | — |  | — |  | 959 |
Gas distribution revenue | — |  | — |  | 3,149 |  | — |  | — |  | 3,149 |
Electricity revenue | — |  | — |  | — |  | 137 |  | — |  | 137 |
Commodity sales | — |  | 115 |  | — |  | — |  | — |  | 115 |
Total revenue from contracts with customers | 9,108 |  | 4,426 |  | 4,767 |  | 137 |  | — |  | 18,438 |
Commodity sales | 17,494 |  | 62 |  | — |  | — |  | 751 |  | 18,307 |
Other revenue 1,2 | 213 |  | 46 |  | 24 |  | 228 |  | — |  | 511 |
Intersegment revenue | — |  | 16 |  | 5 |  | 5 |  | (26) |  | — |
Total revenue | 26,815 |  | 4,550 |  | 4,796 |  | 370 |  | 725 |  | 37,256 |
Nine months ended September 30, 2023 | Liquids Pipelines | Gas Transmission | Gas Distribution and Storage | Renewable Power Generation | Eliminations and Other | Consolidated
(millions of Canadian dollars) |  |  |  |  |  |
Transportation revenue | 8,800 |  | 3,968 |  | 593 |  | — |  | — |  | 13,361 |
Storage and other revenue | 191 |  | 326 |  | 267 |  | — |  | — |  | 784 |
Gas distribution revenue | — |  | — |  | 3,611 |  | — |  | — |  | 3,611 |
Electricity revenue | — |  | — |  | — |  | 220 |  | — |  | 220 |
Total revenue from contracts with customers | 8,991 |  | 4,294 |  | 4,471 |  | 220 |  | — |  | 17,976 |
Commodity sales | 13,039 |  | — |  | — |  | — |  | 1,075 |  | 14,114 |
Other revenue 1,2 | 170 |  | 29 |  | (50) |  | 112 |  | — |  | 261 |
Intersegment revenue | — |  | 1 |  | 5 |  | 2 |  | (8) |  | — |
Total revenue | 22,200 |  | 4,324 |  | 4,426 |  | 334 |  | 1,067 |  | 32,351 |
1 Includes realized and unrealized gains and losses from our hedging program which for the three months ended September 30, 2024 were a net $54 million gain (2023 - $97 million loss) and for the nine months ended September 30, 2024 were a net $15 million gain (2023 - $149 million loss). 2 Includes revenues from lease contracts for the three months ended September 30, 2024 and 2023 of $125 million and $107 million, respectively, and for the nine months ended September 30, 2024 and 2023 of $407 million and $387 million, respectively. Recognition and Measurement of Revenues
Three months ended September 30, 2024 | Liquids Pipelines | Gas Transmission | Gas Distribution and Storage | Renewable Power Generation | Consolidated
(millions of Canadian dollars) |  |  |  |  |
Revenues from products transferred at a point in time | — |  | 37 |  | 31 |  | — |  | 68 |
Revenues from products and services transferred over time 1 | 2,971 |  | 1,407 |  | 1,251 |  | 36 |  | 5,665 |
Total revenue from contracts with customers | 2,971 |  | 1,444 |  | 1,282 |  | 36 |  | 5,733 |
Three months ended September 30, 2023 | Liquids Pipelines | Gas Transmission | Gas Distribution and Storage | Renewable Power Generation | Consolidated
(millions of Canadian dollars) |  |  |  |  |
Revenues from products transferred at a point in time | — |  | — |  | 38 |  | — |  | 38 |
Revenues from products and services transferred over time 1 | 2,921 |  | 1,412 |  | 721 |  | 79 |  | 5,133 |
Total revenue from contracts with customers | 2,921 |  | 1,412 |  | 759 |  | 79 |  | 5,171 |
Nine months ended September 30, 2024 | Liquids Pipelines | Gas Transmission | Gas Distribution and Storage | Renewable Power Generation | Consolidated
(millions of Canadian dollars) |  |  |  |  |
Revenues from products transferred at a point in time | — |  | 115 |  | 93 |  | — |  | 208 |
Revenues from products and services transferred over time 1 | 9,108 |  | 4,311 |  | 4,674 |  | 137 |  | 18,230 |
Total revenue from contracts with customers | 9,108 |  | 4,426 |  | 4,767 |  | 137 |  | 18,438 |
Nine months ended September 30, 2023 | Liquids Pipelines | Gas Transmission | Gas Distribution and Storage | Renewable Power Generation | Consolidated
(millions of Canadian dollars) |  |  |  |  |
Revenues from products transferred at a point in time | — |  | — |  | 105 |  | — |  | 105 |
Revenues from products and services transferred over time 1 | 8,991 |  | 4,294 |  | 4,366 |  | 220 |  | 17,871 |
Total revenue from contracts with customers | 8,991 |  | 4,294 |  | 4,471 |  | 220 |  | 17,976 |
1 Revenue from crude oil and natural gas pipeline transportation, storage, natural gas gathering, compression and treating, natural gas distribution, natural gas storage services and electricity sales.
Schedule of Contract Balances | Contract Balances
| Contract Receivables | Contract Assets | Contract Liabilities
(millions of Canadian dollars) |  |  |
Balance as at September 30, 2024 | 2,563 |  | 325 |  | 2,738 |
Balance as at December 31, 2023 | 2,802 |  | 400 |  | 2,591 |

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- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 + Details
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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-5 + Details
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