GOODWILL (Tables)

12 Months Ended

Dec. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

	Liquids Pipelines	Gas Transmission	Gas Distribution and Storage	Renewable Power Generation	Consolidated
(millions of Canadian dollars)
Balance at January 1, 2023	8,549	18,106	5,397	388	32,440
Foreign exchange and other	(205)	(425)	—	(8)	(638)
Acquisition3	—	46	—	—	46
Balance at December 31, 20231,2	8,344	17,727	5,397	380	31,848
Dispositions4	—	(1,026)	—	—	(1,026)
Foreign exchange and other	672	1,354	204	34	2,264
Acquisitions5	—	223	3,291	—	3,514
Balance at December 31, 20241,2	9,016	18,278	8,892	414	36,600

1Gross goodwill as at December 31, 2024 and 2023 was $40.7 billion and $35.9 billion, respectively.

2Accumulated impairment as at December 31, 2024 and 2023 was $4.1 billion.

3In 2023, we recorded $46 million of goodwill related to the acquisition of Aitken Creek. Refer to Note 8 - Acquisitions and Disposition.

4In 2024, we derecognized $1.0 billion of goodwill related to the sale of our interests in the Alliance Pipeline and Aux Sable. Refer to Note 13 - Long-Term Investments.

5In 2024, we recorded $895 million of goodwill related to the PSNC Acquisition, $793 million of goodwill related to the Questar Acquisition, $1.6 billion of goodwill related to the EOG Acquisition, and $223 million of goodwill related to the RNG Facilities Acquisition. Refer to Note 8 - Acquisitions and Disposition.