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Revenue
12 Months Ended
Dec. 31, 2023
Disclosure of disaggregation of revenue from contracts with customers [abstract]  
Revenue
7. Revenue

a) Total Revenue by Major Product Type and Business Unit

The following table shows our revenue disaggregated by major product type and by business unit. Our business units are reported based on the primary products that they produce and are consistent with our reportable segments (Note 30) that have revenue from contracts with customers. A business unit can have revenue from more than one commodity, as it can include an operation that produces more than one product. Intra-segment revenue is accounted for at current market prices as if the sales were made to arm’s-length parties and are eliminated on consolidation. As a result of the sale of our 21.3% interest in Fort Hills and associated downstream assets, we no longer present the revenue related to Fort Hills, which was part of our energy business unit, in the tables below. Revenue related to Fort Hills is disclosed as part of Note 5, Assets Held for Sale and Discontinued Operations.

(CAD$ in millions)
2023
 
CopperZincSteelmaking CoalTotal
Copper$3,016 $ $ $3,016 
Zinc257 2,443  2,700 
Steelmaking coal  8,535 8,535 
Silver44 414  458 
Lead2 386  388 
Other106 351  457 
Intra-segment (543) (543)
$3,425 $3,051 $8,535 $15,011 

(CAD$ in millions)2022
 CopperZincSteelmaking CoalTotal
Copper$2,925 $— $— $2,925 
Zinc331 3,101 — 3,432 
Steelmaking coal— — 10,409 10,409 
Silver40 341 — 381 
Lead344 — 348 
Other81 395 — 476 
Intra-segment— (655)— (655)
$3,381 $3,526 $10,409 $17,316 
7. Revenue (continued)

b) Total Revenue by Region

The following table shows our revenue disaggregated by geographical region. Revenue is attributed to regions based on the destination port or delivery location as designated by the customer.

(CAD$ in millions)20232022
Asia
China$4,202 $4,804 
Japan2,749 3,216 
South Korea1,675 2,178 
India1,214 1,306 
Other697 1,169 
Americas
United States1,577 1,727 
Canada775 857 
Chile
339 154 
Other
170 38 
Europe
Germany560 428 
Spain
246 271 
Finland
188 278 
Belgium
140 134 
Slovakia
126 150 
Other353 606 
$15,011 $17,316 

In 2023, one major customer in the steelmaking coal business unit accounted for approximately $1.5 billion in total revenue, representing more than 10% of total revenue. In 2022, no customer accounted for more than 10% of total revenue.