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Segments (Tables)

9 Months Ended

Sep. 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 September 30,												Nine Months Ended September 30,
Total Revenue			2024						2023						2024						2023
Renewables SBU			$	726					$	708					$	1,941					$	1,744
Utilities SBU			961						880						2,730						2,703
Energy Infrastructure SBU			1,623						1,861						4,706						5,239
New Energy Technologies SBU			1						—						1						75
Corporate and Other			33						29						106						96
Eliminations			(55)						(44)						(168)						(157)
Total Revenue			$	3,289					$	3,434					$	9,316					$	9,700

			Three Months Ended September 30,												Nine Months Ended September 30,
Reconciliation of Adjusted EBITDA (in millions)			2024						2023						2024						2023
Net income			$	210					$	291					$	449					$	461
Income tax expense			103						109						52						179
Interest expense			379						326						1,125						966
Interest income			(119)						(144)						(312)						(398)
Depreciation and amortization			306						286						926						836
EBITDA			$	879					$	868					$	2,240					$	2,044
Less: Discontinued operations			7						—						7						—
Less: Adjustment for noncontrolling interests and redeemable stock of subsidiaries (1)			(229)						(183)						(471)						(508)
Less: Income tax expense (benefit), interest expense (income) and depreciation and amortization from equity affiliates			30						27						91						93
Interest income recognized under service concession arrangements			16						18						49						54
Unrealized derivatives, equity securities, and financial assets and liabilities losses (gains)			(47)						10						(185)						3
Unrealized foreign currency losses			7						97						10						161
Disposition/acquisition losses (gains)			(11)						8						8						21
Impairment losses			39						145						179						318
Loss on extinguishment of debt and troubled debt restructuring			1						—						51						1
Adjusted EBITDA			$	692					$	990					$	1,979					$	2,187

_____________________________

(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 September 30,												Nine Months Ended September 30,
Adjusted EBITDA			2024						2023						2024						2023
Renewables SBU			$	199					$	267					$	443					$	557
Utilities SBU			223						216						619						526
Energy Infrastructure SBU			299						520						969						1,165
New Energy Technologies SBU			(7)						(22)						(38)						(61)
Corporate and Other			(23)						8						(3)						20
Eliminations			1						1						(11)						(20)
Adjusted EBITDA			$	692					$	990					$	1,979					$	2,187

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			September 30, 2024						December 31, 2023
Renewables SBU			$	16,463					$	15,735
Utilities SBU			8,481						7,166
Energy Infrastructure SBU			7,750						7,414
New Energy Technologies SBU			19						14
Corporate and Other			25						9
Long-Lived Assets			32,738						30,338
Current assets			10,526						6,649
Investments in and advances to affiliates			1,162						941
Debt service reserves and other deposits			77						194
Goodwill			348						348
Other intangible assets			1,928						2,243
Deferred income taxes			421						396
Other noncurrent assets, excluding right-of-use assets for operating leases			2,209						2,879
Noncurrent held-for-sale assets			670						811
Total Assets			$	50,079					$	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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