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Segmented Information (Tables)

12 Months Ended

Dec. 31, 2023

Segment Reporting [Abstract]

Schedule of Information by Reportable Segment

			Regulated																											Non-Regulated			Inter-
						UNS			Central			FortisBC			Fortis			FortisBC			Other			Sub-						Corporate			segment
($ millions)			ITC			Energy			Hudson			Energy			Alberta			Electric			Electric			total						and Other			eliminations			Total
Year ended December 31, 2023
Revenue			2,085			3,006			1,360			1,955			738			528			1,761			11,433						84			—			11,517
Energy supply costs			—			1,290			499			760			—			153			1,069			3,771						—			—			3,771
Operating expenses			494			776			601			408			180			127			231			2,817						72			—			2,889
Depreciation and amortization			416			361			113			309			265			96			204			1,764						9			—			1,773
Operating income			1,175			579			147			478			293			152			257			3,081						3			—			3,084
Other income, net			82			49			54			34			6			4			23			252						39			—			291
Finance charges			427			145			67			163			125			79			86			1,092						213			—			1,305
Income tax expense			208			83			29			74			12			9			26			441						(81)			—			360
Net earnings			622			400			105			275			162			68			168			1,800						(90)			—			1,710
Non-controlling interests			114			—			—			1			—			—			22			137						—			—			137
Preference share dividends			—			—			—			—			—			—			—			—						67			—			67
Net earnings attributable to common equity shareholders			508			400			105			274			162			68			146			1,663						(157)			—			1,506
Additions to property, plant and equipment and intangible assets			1,103			916			341			593			608			126			466			4,153						16			—			4,169
As at December 31, 2023
Goodwill			8,127			1,830			597			913			228			235			254			12,184						—			—			12,184
Total assets			24,269			12,784			5,371			9,225			5,962			2,715			5,227			65,553						401			(34)			65,920
Year ended December 31, 2022
Revenue			1,906			2,758			1,325			2,084			680			487			1,652			10,892						151			—			11,043
Energy supply costs			—			1,213			525			1,055			—			141			1,013			3,947						5			—			3,952
Operating expenses			481			691			571			364			166			133			217			2,623						60			—			2,683
Depreciation and amortization			385			365			104			298			243			67			187			1,649						19			—			1,668
Operating income			1,040			489			125			367			271			146			235			2,673						67			—			2,740
Other income, net			48			22			59			22			5			6			14			176						(11)			—			165
Finance charges			349			127			53			146			110			76			75			936						166			—			1,102
Income tax expense			184			56			28			39			15			12			22			356						(67)			—			289
Net earnings			555			328			103			204			151			64			152			1,557						(43)			—			1,514
Non-controlling interests			101			—			—			1			—			—			18			120						—			—			120
Preference share dividends			—			—			—			—			—			—			—			—						64			—			64
Net earnings attributable to common equity shareholders			454			328			103			203			151			64			134			1,437						(107)			—			1,330
Additions to property, plant and equipment and intangible assets			1,212			709			293			589			510			130			393			3,836						29			—			3,865
As at December 31, 2022
Goodwill			8,318			1,873			612			913			228			235			258			12,437						27			—			12,464
Total assets			23,478			12,678			5,131			8,875			5,547			2,596			4,916			63,221						1,043			(12)			64,252

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-25

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

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