Goodwill (CenterPoint Energy and CERC) (Tables)

6 Months Ended

Jun. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

CenterPoint Energy’s goodwill by reportable segment as of both June 30, 2024 and December 31, 2023 is as follows:

	December 31, 2023		Held For Sale		June 30, 2024
	(in millions)
Electric (1)	$	936	$	—	$	936
Natural gas (2)	2,920		217		2,703
Corporate and other	304		—		304
Total	$	4,160	$	217	$	3,943

(1)Amount presented is net of the accumulated goodwill impairment charge of $185 million recorded in 2020.

(2)If a disposal group reflects a component of a reporting unit and meets the definition of a business, the goodwill within that reporting unit is allocated to the disposal group based on the relative fair value of the components representing a business that will be retained and disposed. As a result, goodwill attributable to the Louisiana and Mississippi natural gas LDC businesses to be disposed of is classified as held for sale as of June 30, 2024. CenterPoint Energy has not recognized any goodwill impairments within the Natural Gas reportable segment during the six months ended June 30, 2024. For further information, see Note 3.

CERC’s goodwill as of both June 30, 2024 and December 31, 2023 is as follows:

	December 31, 2023		Held For Sale		June 30, 2024
	(in millions)
Goodwill (1)	$	1,583	$	122	$	1,461

(1)In connection with the classification of the Louisiana and Mississippi natural gas LDC businesses as held for sale as of June 30, 2024 described above, goodwill attributable to CERC to be disposed of as part of the transaction is classified as held for sale as of June 30, 2024. CERC has not recognized any goodwill impairments during the six months ended June 30, 2024. For further information, see Note 3.