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Goodwill	12 Months Ended
Goodwill	Dec. 31, 2024
Goodwill [Abstract]
Goodwill	23. GOODWILL The change in goodwill for the year ended December 31 was due to the following: millions of dollars 2024 2023 Balance, January 1 $ 5,871 $ 6,012 Change in FX rate 504 (141) Impairment charges (214) - Classified as assets held for sale (1) (303) - Balance, December 31 $ 5,858 $ 5,871 (1) As at December 31, 2024, NMGC's assets and liabilities were classified as held for sale. For further details on the pending transaction, refer to note 4. Goodwill is subject to an annual assessment for impairment at the reporting unit level. The goodwill on Emera’s Consolidated Balance Sheets at December 31, 2024, related to TECO Energy, Inc. (reporting units with goodwill are TEC, PGS, and NMGC). On August 5, 2024, Emera announced an agreement to sell NMGC. As the expected transaction proceeds on the pending sale will be less than the NMGC carrying amount, the Company performed a quantitative goodwill impairment assessment for the NMGC reporting unit. It was determined that the NMGC carrying amount exceeded the FV of the expected transaction proceeds, and as a result, a non- cash goodwill impairment charge of $ 210 million, pre-tax, was recorded in Q3 2024, reducing the NMGC reporting unit goodwill balance to $ 303 million as at December 31, 2024. This non-cash charge is included in “Impairment charges” on the Consolidated Statements of Income. In 2024, a qualitative assessment was performed for TEC given the significant excess of FV over carrying amounts calculated during the last quantitative test in Q4 2023. Management concluded it was more likely than not that the FV of this reporting unit exceeded its carrying amount, including goodwill. As such, no quantitative testing was required. Given the length of time passed since the last quantitative impairment test for the PGS reporting unit, Emera elected to bypass a qualitative assessment and performed a quantitative impairment assessment in Q4 2024 using a combination of the income and market approach. This assessment estimated that the FV of the PGS reporting unit exceeded its carrying amount, including goodwill, and as a result, no impairment charges were recognized.