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SEGMENTED INFORMATION
12 Months Ended
Dec. 31, 2022
Segment Reporting [Abstract]  
SEGMENTED INFORMATION SEGMENTED INFORMATION
year ended December 31, 2022Canadian Natural Gas PipelinesU.S.
Natural Gas Pipelines
Mexico Natural Gas PipelinesLiquids
Pipelines
Power and Energy Solutions
Corporate1
Total
(millions of Canadian $)
Revenues4,764 5,933 688 2,668 924  14,977 
Intersegment revenues 132   12 (144)2 
4,764 6,065 688 2,668 936 (144)14,977 
Income from equity investments18 292 122 55 539 28 31,054 
Impairment of equity investment(3,048)     (3,048)
Plant operating costs and other(1,679)(1,856)(221)(756)(544)124 2(4,932)
Commodity purchases resold   (512)(22) (534)
Property taxes(297)(426) (121)(4) (848)
Depreciation and amortization(1,198)(887)(98)(329)(72) (2,584)
Goodwill and asset impairment charges and other (571) 118   (453)
Segmented (Losses)/Earnings(1,440)2,617 491 1,123 833 8 3,632 
Interest expense    (2,588)
Allowance for funds used during construction369 
Foreign exchange loss, net3
(185)
Interest income and other    146 
Income before Income Taxes    1,374 
Income tax expense    (589)
Net Income    785 
Net income attributable to non-controlling interests   (37)
Net Income Attributable to Controlling Interests   748 
Preferred share dividends    (107)
Net Income Attributable to Common Shares   641 
Capital Spending
Capital expenditures3,274 2,137 1,027 106 93 41 6,678 
Capital projects in development    49  49 
Contributions to equity investments4
1,445   37 752  2,234 
4,719 2,137 1,027 143 894 41 8,961 
1Includes intersegment eliminations.
2The Company records intersegment sales at contracted rates. For segmented reporting, these transactions are included as Intersegment revenues in the segment providing the service and Plant operating costs and other in the segment receiving the service. These transactions are eliminated on consolidation. Intersegment profit is recognized when the product or service has been provided to third parties or otherwise realized.
3Income from equity investments includes the Company's proportionate share of Sur de Texas foreign exchange gains and losses on the peso-denominated loans from affiliates which are fully offset in Foreign exchange loss, net by the corresponding foreign exchange losses and gains on the affiliate receivable balance until March 15, 2022, when it was fully repaid upon maturity. Refer to Note 12, Loans receivable from affiliates, for additional information.
4Contributions to equity investments in the Corporate segment of $1.2 billion are offset by the equivalent amount in Other distributions from equity investments, although they are reported on a gross basis in the Company’s Consolidated statement of cash flows. Refer to Note 12, Loans receivable from affiliates, for additional information.
year ended December 31, 2021Canadian Natural Gas PipelinesU.S.
Natural Gas Pipelines
Mexico Natural Gas PipelinesLiquids
Pipelines
Power and Energy Solutions
Corporate1
Total
(millions of Canadian $)
Revenues4,519 5,233 605 2,306 724 — 13,387 
Intersegment revenues— 145 — — 14 (159)2— 
4,519 5,378 605 2,306 738 (159)13,387 
Income from equity investments12 244 119 71 411 41 3898 
Plant operating costs and other(1,567)(1,393)(55)(700)(455)72 2(4,098)
Commodity purchases resold— — (3)(84)— — (87)
Property taxes(289)(367)— (113)(5)— (774)
Depreciation and amortization(1,226)(791)(109)(318)(78)— (2,522)
Asset impairment charge and other— — — (2,775)— — (2,775)
Gain on sale of assets— — — 13 17 — 30 
Segmented Earnings/(Losses)1,449 3,071 557 (1,600)628 (46)4,059 
Interest expense    (2,360)
Allowance for funds used during construction267 
Foreign exchange gain, net3
10 
Interest income and other    190 
Income before Income Taxes    2,166 
Income tax expense    (120)
Net Income    2,046 
Net income attributable to non-controlling interests   (91)
Net Income Attributable to Controlling Interests   1,955 
Preferred share dividends    (140)
Net Income Attributable to Common Shares   1,815 
Capital Spending
Capital expenditures2,629 2,611 129 488 32 35 5,924 
Contributions to equity investments108 209 — 83 810 — 1,210 
2,737 2,820 129 571 842 35 7,134 
1Includes intersegment eliminations.
2The Company records intersegment sales at contracted rates. For segmented reporting, these transactions are included as Intersegment revenues in the segment providing the service and Plant operating costs and other in the segment receiving the service. These transactions are eliminated on consolidation. Intersegment profit is recognized when the product or service has been provided to third parties or otherwise realized.
3Income from equity investments includes the Company's proportionate share of Sur de Texas foreign exchange gains and losses on the peso-denominated loans from affiliates which are fully offset in Foreign exchange gain, net by the corresponding foreign exchange losses and gains on the affiliate receivable balance. Refer to Note 12, Loans receivable from affiliates, for additional information.
year ended December 31, 2020Canadian Natural Gas PipelinesU.S.
Natural Gas Pipelines
Mexico Natural Gas PipelinesLiquids
Pipelines
Power and Energy Solutions
Corporate1
Total
(millions of Canadian $)
Revenues4,469 5,031 716 2,371 412 — 12,999 
Intersegment revenues— 165 — — 20 (185)2— 
4,469 5,196 716 2,371 432 (185)12,999 
Income from equity investments12 264 127 75 455 86 31,019 
Plant operating costs and other(1,631)(1,485)(57)(654)(220)169 2(3,878)
Property taxes(284)(337)— (101)(5)— (727)
Depreciation and amortization(1,273)(801)(117)(332)(67)— (2,590)
Net gain/(loss) on sale of assets364 — — — (414)— (50)
Segmented Earnings1,657 2,837 669 1,359 181 70 6,773 
Interest expense    (2,228)
Allowance for funds used during construction349 
Foreign exchange gain, net3
28 
Interest income and other    185 
Income before Income Taxes    5,107 
Income tax expense    (194)
Net Income    4,913 
Net income attributable to non-controlling interests   (297)
Net Income Attributable to Controlling Interests   4,616 
Preferred share dividends    (159)
Net Income Attributable to Common Shares   4,457 
Capital Spending
Capital expenditures3,503 2,785 173 1,315 179 58 8,013 
Capital projects in development— — — 122 — — 122 
Contributions to equity investments105 — — 655 — 765 
3,608 2,785 173 1,442 834 58 8,900 
1Includes intersegment eliminations.
2The Company records intersegment sales at contracted rates. For segmented reporting, these transactions are included as Intersegment revenues in the segment providing the service and Plant operating costs and other in the segment receiving the service. These transactions are eliminated on consolidation. Intersegment profit is recognized when the product or service has been provided to third parties or otherwise realized.
3Income from equity investments includes the Company's proportionate share of Sur de Texas foreign exchange gains and losses on the peso-denominated loans from affiliates which are fully offset in Foreign exchange gain, net by the corresponding foreign exchange losses and gains on the affiliate receivable balance. Refer to Note 12, Loans receivable from affiliates, for additional information.
at December 3120222021
(millions of Canadian $)
Total Assets by Segment
Canadian Natural Gas Pipelines27,456 25,452 
U.S. Natural Gas Pipelines50,038 45,502 
Mexico Natural Gas Pipelines9,231 7,547 
Liquids Pipelines15,587 14,951 
Power and Energy Solutions8,272 6,563 
Corporate3,764 4,203 
114,348 104,218 
Geographic Information
year ended December 31202220212020
(millions of Canadian $)
Revenues   
Canada – domestic4,942 4,603 4,392 
Canada – export1,322 1,226 1,059 
United States8,025 6,953 6,832 
Mexico 688 605 716 
 14,977 13,387 12,999 
at December 3120222021
(millions of Canadian $)
Plant, Property and Equipment  
Canada27,232 24,890 
United States43,505 39,335 
Mexico5,203 5,957 
 75,940 70,182