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Segments (Tables)

6 Months Ended

Jun. 30, 2024

Segment Reporting [Abstract]

Revenue By Segment Table

The following tables present financial information by segment for the periods indicated (in millions):

			Three Months Ended June 30,												Six Months Ended June 30,
Total Revenue			2024						2023						2024						2023
Renewables SBU			$	596					$	541					$	1,215					$	1,036
Utilities SBU			896						852						1,769						1,823
Energy Infrastructure SBU			1,469						1,654						3,083						3,378
New Energy Technologies SBU			—						1						—						75
Corporate and Other			40						40						73						67
Eliminations			(59)						(61)						(113)						(113)
Total Revenue			$	2,942					$	3,027					$	6,027					$	6,266

			Three Months Ended June 30,												Six Months Ended June 30,
Reconciliation of Adjusted EBITDA (in millions)			2024						2023						2024						2023
Net income (loss)			$	(39)					$	(19)					$	239					$	170
Income tax expense (benefit)			(35)						(2)						(51)						70
Interest expense			389						310						746						640
Interest income			(88)						(131)						(193)						(254)
Depreciation and amortization			308						277						620						550
EBITDA			$	535					$	435					$	1,361					$	1,176
Less: Adjustment for noncontrolling interests and redeemable stock of subsidiaries (1)			(80)						(155)						(242)						(325)
Less: Income tax expense (benefit), interest expense (income) and depreciation and amortization from equity affiliates			28						27						61						66
Interest income recognized under service concession arrangements			16						18						33						36
Unrealized derivatives, equity securities, and financial assets and liabilities losses (gains)			(53)						32						(138)						(7)
Unrealized foreign currency losses			12						32						3						64
Disposition/acquisition losses			62						16						19						13
Impairment losses			114						164						140						173
Loss on extinguishment of debt and troubled debt restructuring			18						—						50						1
Adjusted EBITDA			$	652					$	569					$	1,287					$	1,197

_____________________________

(1)The allocation of earnings and losses to tax equity investors from both consolidated entities and equity affiliates is removed from Adjusted EBITDA.

			Three Months Ended June 30,												Six Months Ended June 30,
Adjusted EBITDA			2024						2023						2024						2023
Renewables SBU			$	142					$	166					$	244					$	290
Utilities SBU			214						148						396						310
Energy Infrastructure SBU			310						282						670						645
New Energy Technologies SBU			(14)						(13)						(31)						(39)
Corporate and Other			12						13						20						12
Eliminations			(12)						(27)						(12)						(21)
Adjusted EBITDA			$	652					$	569					$	1,287					$	1,197

The Company uses long-lived assets as its measure of segment assets. Long-lived assets include amounts recorded in Property, plant and equipment, net and right-of-use assets for operating leases recorded in Other noncurrent assets on the Condensed Consolidated Balance Sheets.

Long-Lived Assets			June 30, 2024						December 31, 2023
Renewables SBU			$	15,236					$	15,735
Utilities SBU			8,230						7,166
Energy Infrastructure SBU			7,611						7,414
New Energy Technologies SBU			16						14
Corporate and Other			24						9
Long-Lived Assets			31,117						30,338
Current assets			9,555						6,649
Investments in and advances to affiliates			1,156						941
Debt service reserves and other deposits			76						194
Goodwill			348						348
Other intangible assets			1,879						2,243
Deferred income taxes			435						396
Other noncurrent assets, excluding right-of-use assets for operating leases			2,460						2,879
Noncurrent held-for-sale assets			712						811
Total Assets			$	47,738					$	44,799

X

- 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 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: 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 3: 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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X

- References

No definition available.

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