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Segment and Geographic Information (Tables)

12 Months Ended

Dec. 31, 2024

Segment Reporting Information [Line Items]

Schedule of Segment Reporting Information, by Segment [Table Text Block]

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

			Year Ended December 31, 2024
			Renewables SBU						Utilities SBU						Energy Infrastructure SBU						New Energy Technologies SBU						Total
Revenue			$	2,510					$	3,608					$	6,238					$	1					$	12,357
Corporate and other																											162
Eliminations																											(241)
Total Revenue																											$	12,278
Less:
Total cost of sales excluding depreciation, amortization, and accretion of AROs (1)			1,752						2,607						4,568						8
Other segment items (2)			206						209						304						31
Segment Adjusted EBITDA			$	552					$	792					$	1,366					$	(38)					$	2,672
Reconciliation to income from continuing operations before taxes
Corporate and other																											11
Eliminations																											(44)
Interest expense																											(1,485)
Interest income																											381
Depreciation, amortization, and accretion of AROs																											(1,264)
Adjusted for:
Noncontrolling interests and redeemable stock of subsidiaries																											734
Income tax expense (benefit), interest expense (income), and depreciation, amortization, and accretion of AROs from equity affiliates																											(136)
Interest income recognized under service concession arrangements																											(65)
Unrealized derivative and equity securities gains																											94
Unrealized foreign currency losses																											(16)
Disposition/acquisition losses																											323
Impairment losses																											(280)
Loss on extinguishment of debt																											(57)
Income from continuing operations before taxes																											$	868

_____________________________

(1)Segment-level total cost of sales excluding depreciation, amortization, and accretion of AROs is considered regularly provided to the chief operating decision maker. Total cost of sales excluding depreciation, amortization, and accretion of AROs includes items such as fuel cost, electricity purchases, transmission charges, supplies, salaries and wages, consulting costs, IT costs, market fees, insurance, and lease expense.

(2)Other segment items for each reportable segment includes:

Renewables SBU — business development costs, miscellaneous gains and losses in Other income and Other expense, realized foreign currency gains and losses, earnings from equity affiliates, and adjustment for noncontrolling interest expense.

Utilities SBU — miscellaneous gains and losses in Other income and Other expense, earnings from equity affiliates, and adjustment for noncontrolling interest expense.

Energy Infrastructure SBU — business development costs, miscellaneous gains and losses in Other income and Other expense, realized foreign currency gains and losses, earnings from equity affiliates, and adjustment for noncontrolling interest expense.

New Energy Technologies SBU — earnings from equity affiliates, and miscellaneous gains and losses in Other income and Other expense.

			Year Ended December 31, 2023
			Renewables SBU						Utilities SBU						Energy Infrastructure SBU						New Energy Technologies SBU						Total
Revenue			$	2,339					$	3,495					$	6,836					$	76					$	12,746
Corporate and other																											138
Eliminations																											(216)
Total Revenue																											$	12,668
Less:
Total cost of sales excluding depreciation, amortization, and accretion of AROs (1)			1,504						2,662						5,022						84
Other segment items (2)			183						155						274						54
Segment Adjusted EBITDA			$	652					$	678					$	1,540					$	(62)					$	2,808
Reconciliation to income from continuing operations before taxes
Corporate and other																											22
Eliminations																											(2)
Interest expense																											(1,319)
Interest income																											551
Depreciation, amortization, and accretion of AROs																											(1,147)
Adjusted for:
Noncontrolling interests and redeemable stock of subsidiaries																											556
Income tax expense (benefit), interest expense (income), and depreciation, amortization, and accretion of AROs from equity affiliates																											(131)
Interest income recognized under service concession arrangements																											(71)
Unrealized derivative and equity securities losses																											(34)
Unrealized foreign currency losses																											(301)
Disposition/acquisition gains																											79
Impairment losses																											(877)
Loss on extinguishment of debt																											(62)
Income from continuing operations before taxes																											$	72

_____________________________

(1)Segment-level total cost of sales excluding depreciation, amortization, and accretion of AROs is considered regularly provided to the chief operating decision maker. Total cost of sales excluding depreciation, amortization, and accretion of AROs includes items such as fuel cost, electricity purchases, transmission charges, supplies, salaries and wages, consulting costs, IT costs, market fees, insurance, and lease expense.

(2)Other segment items for each reportable segment includes:

Renewables SBU — business development costs, miscellaneous gains and losses in Other income and Other expense, realized foreign currency gains and losses, earnings from equity affiliates, and adjustment for noncontrolling interest expense.

Utilities SBU — miscellaneous gains and losses in Other income and Other expense, earnings from equity affiliates, and adjustment for noncontrolling interest expense.

Energy Infrastructure SBU — business development costs, miscellaneous gains and losses in Other income and Other expense, realized foreign currency gains and losses, earnings from equity affiliates, and adjustment for noncontrolling interest expense.

New Energy Technologies SBU — earnings from equity affiliates, and miscellaneous gains and losses in Other income and Other expense.

			Year Ended December 31, 2022
			Renewables SBU						Utilities SBU						Energy Infrastructure SBU						New Energy Technologies SBU						Total
Revenue			$	1,893					$	3,617					$	7,204					$	3					$	12,717
Corporate and other																											116
Eliminations																											(216)
Total Revenue																											$	12,617
Less:
Total cost of sales excluding depreciation, amortization, and accretion of AROs (1)			1,097						2,861						5,249						8
Other segment items (2)			183						144						109						111
Segment Adjusted EBITDA			$	613					$	612					$	1,846					$	(116)					$	2,955
Reconciliation to income from continuing operations before taxes
Corporate and other																											(19)
Eliminations																											13
Interest expense																											(1,117)
Interest income																											389
Depreciation, amortization, and accretion of AROs																											(1,072)
Adjusted for:
Noncontrolling interests and redeemable stock of subsidiaries																											707
Income tax expense (benefit), interest expense (income), and depreciation, amortization, and accretion of AROs from equity affiliates																											(128)
Interest income recognized under service concession arrangements																											(77)
Unrealized derivative and equity securities losses																											(131)
Unrealized foreign currency losses																											(42)
Disposition/acquisition losses																											(40)
Impairment losses																											(1,658)
Loss on extinguishment of debt																											(20)
Income from continuing operations before taxes																											$	(240)

_____________________________

(1)Segment-level total cost of sales excluding depreciation, amortization, and accretion of AROs is considered regularly provided to the chief operating decision maker. Total cost of sales excluding depreciation, amortization, and accretion of AROs includes items such as fuel cost, electricity purchases, transmission charges, supplies, salaries and wages, consulting costs, IT costs, market fees, insurance, and lease expense.

(2)Other segment items for each reportable segment includes:

Renewables SBU — business development costs, miscellaneous gains and losses in Other income and Other expense, realized foreign currency gains and losses, earnings from equity affiliates, and adjustment for noncontrolling interest expense.

Utilities SBU — miscellaneous gains and losses in Other income and Other expense, earnings from equity affiliates, and adjustment for noncontrolling interest expense.

Energy Infrastructure SBU — business development costs, miscellaneous gains and losses in Other income and Other expense, realized foreign currency gains and losses, earnings from equity affiliates, and adjustment for noncontrolling interest expense.

New Energy Technologies SBU — earnings from equity affiliates, and miscellaneous gains and losses in Other income and Other expense.

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

			Long-Lived Assets
Year Ended December 31,			2024						2023						2022
Renewables SBU			$	17,028					$	15,735					$	9,533
Utilities SBU			8,535						7,166						6,311
Energy Infrastructure SBU			7,928						7,414						7,532
New Energy Technologies SBU			22						14						2
Corporate and Other			25						9						17
Long-Lived Assets			33,538						30,338						23,395
Current assets			6,831						6,649						7,643
Investments in and advances to affiliates			1,124						941						952
Debt service reserves and other deposits			78						194						177
Goodwill			345						348						362
Other intangible assets			1,947						2,243						1,841
Deferred income taxes			365						396						319
Other noncurrent assets, excluding right-of-use assets for operating leases			2,545						2,879						3,674
Noncurrent held-for-sale assets			633						811						—
Total Assets			$	47,406					$	44,799					$	38,363

									Depreciation, Amortization, and Accretion of AROs																		Capital Expenditures
Year Ended December 31,																					2024						2023						2022						2024						2023						2022
Renewables SBU																					$	401					$	345					$	268					$	5,170					$	5,759					$	2,972
Utilities SBU																					458						400						376						1,570						1,374						859
Energy Infrastructure SBU																					397						392						416						733						585						742
New Energy Technologies SBU																					1						1						2						11						5						—
Corporate and Other																					7						9						10						35						10						11
Total																					$	1,264					$	1,147					$	1,072					$	7,519					$	7,733					$	4,584

			Interest Income																		Interest Expense																		Net Equity in Earnings (Losses) of Affiliates
Year Ended December 31,			2024						2023						2022						2024						2023						2022						2024						2023						2022
Renewables SBU			$	109					$	181					$	131					$	414					$	326					$	236					$	19					$	41					$	28
Utilities SBU			12						12						8						294						243						234						4						5						6
Energy Infrastructure SBU			233						337						246						483						534						488						10						6						9
New Energy Technologies SBU			7						2						—						—						—						—						(20)						(84)						(114)
Corporate and Other			20						19						4						294						216						159						(39)						—						—
Total			$	381					$	551					$	389					$	1,485					$	1,319					$	1,117					$	(26)					$	(32)					$	(71)

Revenue And PP&E By Country

The following table presents information, by country, about the Company's consolidated operations for each of the three years ended December 31, 2024, 2023, and 2022, and as of December 31, 2024 and 2023 (in millions). Revenue is recorded in the country in which it is earned and assets are recorded in the country in which they are located.

			Total Revenue																		Long-Lived Assets
Year Ended December 31,			2024						2023						2022						2024						2023
United States (1)			$	4,689					$	4,439					$	4,093					$	25,261					$	19,750
Non-U.S.:
Chile			1,534						1,932						2,064						3,563						3,018
Dominican Republic			1,451						1,400						1,591						805						1,098
El Salvador			1,036						935						902						472						442
Colombia			686						706						417						358						390
Brazil			616						697						560						—						2,482
Panama			666						644						678						1,882						1,910
Mexico			462						536						595						275						271
Bulgaria			478						528						790						421						483
Argentina			318						407						501						437						431
Vietnam (2)			312						344						323						—						—
Jordan			28						97						102						38						39
Other Non-U.S.			2						3						1						26						24
Total Non-U.S.			7,589						8,229						8,524						8,277						10,588
Total			$	12,278					$	12,668					$	12,617					$	33,538					$	30,338

_____________________________

(1)     Includes Puerto Rico revenues of $426 million, $269 million, and $293 million for the years ended December 31, 2024, 2023, and 2022, respectively, and long-lived assets of $572 million and $145 million as of December 31, 2024 and 2023, respectively.

(2)     The Mong Duong 2 power project is operated under a BOT contract. The Mong Duong assets were classified as held-for-sale as of December 31, 2024 and 2023. See Note 21—Revenue and Note 25—Held-for-Sale and Dispositions for further information.

X

- Definition

Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries.

+ References

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-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
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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

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