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Segment Information
 12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Segment Information
Note 20: Segment Information
The Company’s operating segments are comprised of its businesses which generate revenue, incur expense and have separate financial information which is regularly used by the chief operating decision maker to make operating decisions, assess performance and allocate resources. The Company operates its businesses primarily through one reportable segment, the Regulated Businesses segment. The Regulated Businesses segment is the largest component of the Company’s business and includes subsidiaries that provide water and wastewater services to customers in 14 states.
The Company also operates other businesses, primarily MSG, which provide water and wastewater services to the U.S. government on military installations, as well as municipalities. These other businesses do not meet the criteria of a reportable segment in accordance with GAAP, and are collectively presented throughout this Annual Report on Form 10-K within “Other,” which is consistent with how management assesses the results of these businesses.
The accounting policies of the segments are the same as those described in Note 2—Significant Accounting Policies. The Regulated Businesses segment includes intercompany costs that are allocated by Service Company and intercompany interest that is charged by AWCC, both of which are eliminated to reconcile to the Consolidated Statements of Operations. Inter-segment revenues include the sale of water from a regulated subsidiary to subsidiaries within Other, leased office space, and furniture and equipment provided by subsidiaries within Other to regulated subsidiaries. Other also includes corporate costs that are not allocated to the Company’s Regulated Businesses, interest income related to the secured seller promissory note from the sale of HOS, income from assets not associated with the Regulated Businesses, eliminations of inter-segment transactions and fair value adjustments related to acquisitions that have not been allocated to the Regulated Businesses segment. The adjustments related to the acquisitions are reported in Other as they are excluded from segment performance measures evaluated by management.
The Company’s chief operating decision maker is the Chief Executive Officer. The chief operating decision maker uses segment net income or loss to evaluate profit generated from segment assets when making decisions about allocating resources. The chief operating decision maker also uses segment net income to monitor budget versus actual results to assess the performance of the segment.
Presented in the tables below is summarized segment information as of and for the years ended December 31:
 2025
Regulated
Businesses		OtherConsolidated
Operating revenues$4,723 $417 $5,140 
Less:
Operation and maintenance (a)1,642 377 2,019 
Other segment items (b)271 9 280 
Depreciation and amortization883 11 894 
Interest expense474 141 615 
Interest income(5)(85)(90)
Provision for (benefit from) income taxes321 (10)311 
Net income (loss) attributable to common shareholders$1,137 $(26)$1,111 
Total assets$32,649 $2,793 $35,442 
Capital expenditures$3,112 $14 $3,126 
(a)Significant segment expense.
(b)Other segment items included in segment net income includes General taxes, Non-operating benefit costs, net, and Other income (expense), net, primarily Allowance for other funds used during construction.
 2024
Regulated
Businesses		OtherConsolidated
Operating revenues$4,296 $388 $4,684 
Less:
Operation and maintenance (a)1,517 341 1,858 
Other segment items (b)241 9 250 
Depreciation and amortization772 16 788 
Interest expense416 107 523 
Interest income(17)(77)(94)
Provision for income taxes302 6 308 
Net income (loss) attributable to common shareholders$1,065 $(14)$1,051 
Total assets$29,941 $2,889 $32,830 
Capital expenditures$2,838 $18 $2,856 
(a)Significant segment expense.
(b)Other segment items included in segment net income includes General taxes, Non-operating benefit costs, net, and Other income (expense), net, primarily Allowance for other funds used during construction.
 2023
Regulated
Businesses		OtherConsolidated
Operating revenues$3,920 $314 $4,234 
Less:
Operation and maintenance (a)1,441 279 1,720 
Other segment items (b)220 7 227 
Depreciation and amortization693 11 704 
Interest expense364 96 460 
Interest income(28)(45)(73)
Provision for (benefit from) income taxes259 (7)252 
Net income (loss) attributable to common shareholders$971 $(27)$944 
Total assets$27,480 $2,818 $30,298 
Capital expenditures$2,551 $24 $2,575 
(a)Significant segment expense.
(b)Other segment items included in segment net income includes General taxes, Other operating expenses, Non-operating benefit costs, net, and Other income (expense), net, primarily Allowance for other funds used during construction.