IMPAIRMENT OF EQUITY INVESTMENTS

3 Months Ended

Mar. 31, 2020

Noncontrolling Interest [Abstract]

IMPAIRMENT OF EQUITY INVESTMENTS

IMPAIRMENT OF EQUITY INVESTMENTS For the three months ended March 31, 2020, we recorded a loss of $1,736 million resulting from an other than temporary impairment to the carrying value of our equity method investment in DCP Midstream, LLC (DCP Midstream). DCP Midstream holds a limited partner interest in and is the owner of the general partner of DCP Midstream, LP. The impairment in our equity investment is related to a decline in the market price of DCP Midstream, LP publicly-traded units as at March 31, 2020. In addition, we recorded a loss of $324 million from our equity pick up of the loss recorded by DCP Midstream in relation to DCP Midstream, LP's asset and goodwill impairment. This is recorded within Income from Equity Investments in the Consolidated Statement of Earnings. Our investment in DCP Midstream is part of the Gas Transmission and Midstream segment and our carrying value of the investment as at March 31, 2020 and December 31, 2019 was $341 million and $2,193 million, respectively.