Segment Information (Tables)

6 Months Ended

Jun. 30, 2020

Segment Reporting Information [Line Items]

Schedule of Segment Reporting Information, by Segment

The Company's reportable segments with foreign operations include Northern Powergrid, whose business is principally in the United Kingdom, BHE Transmission, whose business includes operations in Canada, and BHE Renewables, whose business includes operations in the Philippines. Intersegment eliminations and adjustments, including the allocation of goodwill, have been made. Information related to the Company's reportable segments is shown below (in millions):



	Three-Month Periods				Six-Month Periods
	Ended June 30,				Ended June 30,
	2020		2019		2020		2019
Operating revenue:
PacifiCorp	$	1,144	$	1,167	$	2,350	$	2,426
MidAmerican Funding	616		660		1,302		1,502
NV Energy	695		721		1,317		1,335
Northern Powergrid	221		243		487		506
BHE Pipeline Group	225		212		626		583
BHE Transmission	169		175		341		343
BHE Renewables	244		249		422		416
HomeServices	1,193		1,327		2,086		2,112
BHE and Other⁽¹⁾	105		140		208		281
Total operating revenue	$	4,612	$	4,894	$	9,139	$	9,504



Depreciation and amortization:
PacifiCorp	$	210	$	209		$	462	$	414
MidAmerican Funding	175		179			351		356
NV Energy	125		120			249		240
Northern Powergrid	63		63			126		126
BHE Pipeline Group	25		29			89		57
BHE Transmission	55		60			115		118
BHE Renewables	71		69			142		139
HomeServices	12		11			23		24
BHE and Other⁽¹⁾	—		(1		)	—		(2		)
Total depreciation and amortization	$	736	$	739		$	1,557	$	1,472



	Three-Month Periods						Six-Month Periods
	Ended June 30,						Ended June 30,
	2020			2019			2020			2019
Operating income:
PacifiCorp	$	256		$	268		$	490		$	552
MidAmerican Funding	110			94			212			210
NV Energy	161			150			240			234
Northern Powergrid	89			110			221			239
BHE Pipeline Group	92			68			341			311
BHE Transmission	81			77			157			153
BHE Renewables	84			97			101			115
HomeServices	77			117			97			96
BHE and Other⁽¹⁾	(14		)	(22		)	(4		)	(32		)
Total operating income	936			959			1,855			1,878
Interest expense	(503		)	(476		)	(986		)	(953		)
Capitalized interest	19			17			36			33
Allowance for equity funds	38			38			72			70
Interest and dividend income	20			36			40			66
Gains (losses) on marketable securities, net	583			6			610			(62		)
Other, net	52			30			25			65
Total income before income tax benefit and equity (loss) income	$	1,145		$	610		$	1,652		$	1,097



Interest expense:
PacifiCorp	$	110	$	102	$	212	$	198
MidAmerican Funding	78		74		159		149
NV Energy	57		56		115		118
Northern Powergrid	31		35		63		69
BHE Pipeline Group	15		12		29		24
BHE Transmission	35		39		73		78
BHE Renewables	42		44		84		88
HomeServices	3		7		8		14
BHE and Other⁽¹⁾	132		107		243		215
Total interest expense	$	503	$	476	$	986	$	953



Operating revenue by country:
United States	$	4,224	$	4,476	$	8,313	$	8,653
United Kingdom	221		242		487		505
Canada	167		175		338		343
Philippines and other	—		1		1		3
Total operating revenue by country	$	4,612	$	4,894	$	9,139	$	9,504



Income before income tax benefit and equity (loss) income by country:
United States	$	1,027	$	482	$	1,381	$	818
United Kingdom	59		76		168		179
Canada	46		39		86		79
Philippines and other	13		13		17		21
Total income before income tax benefit and equity (loss) income by country	$	1,145	$	610	$	1,652	$	1,097



	As of
	June 30,		December 31,
	2020		2019
Assets:
PacifiCorp	$	26,128	$	24,861
MidAmerican Funding	23,155		22,664
NV Energy	14,420		14,128
Northern Powergrid	8,083		8,385
BHE Pipeline Group	6,182		6,100
BHE Transmission	8,616		8,776
BHE Renewables	11,134		9,961
HomeServices	4,703		3,846
BHE and Other⁽¹⁾	1,996		1,330
Total assets	$	104,417	$	100,051


(1)	The differences between the reportable segment amounts and the consolidated amounts, described as BHE and Other, relate principally to other entities, including MidAmerican Energy Services, LLC, corporate functions and intersegment eliminations.

Schedule of Goodwill

e following table shows the change in the carrying amount of goodwill by reportable segment for the six-month period ended June 30, 2020 (in millions):



										BHE Pipeline Group
	PacifiCorp		MidAmerican Funding		NV Energy		Northern Powergrid					BHE Transmission			BHE Renewables		HomeServices
	PacifiCorp		MidAmerican Funding		NV Energy		Northern Powergrid					BHE Transmission			BHE Renewables		HomeServices		Total

December 31, 2019	$	1,129	$	2,102	$	2,369	$	978		$	73	$	1,520		$	95	$	1,456	$	9,722
Foreign currency translation	—		—		—		(45		)	—		(65		)	—		—		(110		)
June 30, 2020	$	1,129	$	2,102	$	2,369	$	933		$	73	$	1,455		$	95	$	1,456	$	9,612

MidAmerican Energy Company [Member]

Segment Reporting Information [Line Items]

Schedule of Segment Reporting Information, by Segment

The following tables provide information on a reportable segment basis (in millions):



	Three-Month Periods						Six-Month Periods
	Ended June 30,						Ended June 30,
	2020			2019			2020			2019
Operating revenue:
Regulated electric	$	518		$	538		$	989		$	1,080
Regulated natural gas	95			111			304			406
Other	—			10			1			15
Total operating revenue	$	613		$	659		$	1,294		$	1,501

Operating income:
Regulated electric	$	101		$	87		$	160		$	153
Regulated natural gas	7			5			46			53
Other	—			2			—			3
Total operating income	108			94			206			209
Interest expense	(74		)	(70		)	(150		)	(139		)
Allowance for borrowed funds	4			7			7			13
Allowance for equity funds	9			17			17			32
Other, net	21			10			16			30
Income before income tax benefit	$	68		$	58		$	96		$	145



	As of
	June 30, 2020		December 31, 2019
Assets:
Regulated electric	$	19,661	$	19,093
Regulated natural gas	1,386		1,468
Other	1		3
Total assets	$	21,048	$	20,564

MidAmerican Funding, LLC and Subsidiaries [Domain]

Segment Reporting Information [Line Items]

Schedule of Segment Reporting Information, by Segment

The following tables provide information on a reportable segment basis (in millions):



	Three-Month Periods						Six-Month Periods
	Ended June 30,						Ended June 30,
	2020			2019			2020			2019
Operating revenue:
Regulated electric	$	518		$	538		$	989		$	1,080
Regulated natural gas	95			111			304			406
Other	3			11			9			16
Total operating revenue	$	616		$	660		$	1,302		$	1,502

Operating income:
Regulated electric	$	101		$	87		$	160		$	153
Regulated natural gas	7			5			46			53
Other	2			2			6			4
Total operating income	110			94			212			210
Interest expense	(78		)	(74		)	(159		)	(149		)
Allowance for borrowed funds	4			7			7			13
Allowance for equity funds	9			17			17			32
Other, net	21			10			15			31
Income before income tax benefit	$	66		$	54		$	92		$	137



	As of
	June 30, 2020		December 31, 2019
Assets⁽¹⁾:
Regulated electric	$	20,852	$	20,284
Regulated natural gas	1,465		1,547
Other	10		9
Total assets	$	22,327	$	21,840



(1)	Assets by reportable segment reflect the assignment of goodwill to applicable reporting units.

Sierra Pacific Power Company [Member]

Segment Reporting Information [Line Items]

Schedule of Segment Reporting Information, by Segment

The following tables provide information on a reportable segment basis (in millions):



	Three-Month Periods						Six-Month Periods
	Ended June 30,						Ended June 30,
	2020			2019			2020			2019
Operating revenue:
Regulated electric	$	165		$	172		$	349		$	354
Regulated natural gas	20			22			68			59
Total operating revenue	$	185		$	194		$	417		$	413

Operating income:
Regulated electric	$	20		$	23		$	53		$	52
Regulated natural gas	3			4			10			12
Total operating income	23			27			63			64
Interest expense	(14		)	(12		)	(28		)	(24		)
Allowance for borrowed funds	1			1			1			1
Allowance for equity funds	1			1			2			2
Other, net	3			1			4			3
Income before income tax expense	$	14		$	18		$	42		$	46



	As of
	June 30,		December 31,
	2020		2019
Assets:
Regulated electric	$	3,375	$	3,319
Regulated natural gas	309		308
Other⁽¹⁾	27		44
Total assets	$	3,711	$	3,671


(1)	Consists principally of cash and cash equivalents not included in either the regulated electric or regulated natural gas segments.