Goodwill and Other Intangibles (CenterPoint Energy and CERC) (Tables)

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill by Reportable Segments

CenterPoint Energy’s goodwill by reportable segment is as follows:

	December 31, 2022		Disposals			December 31, 2023
	(in millions)
Electric (1)	$	936	$	—		$	936
Natural Gas	2,920		—			2,920
Corporate and Other	438		134		(2)	304
Total	$	4,294	$	134		$	4,160

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

(2)Represents goodwill attributable to the sale of Energy Systems Group. For further information, see Note 4.

Schedule of Finite-Lived Intangible Assets

The tables below present information on CenterPoint Energy’s other intangible assets, excluding goodwill, recorded in Other non-current assets on the Consolidated Balance Sheets and the related amortization expense included in Depreciation and amortization on CenterPoint Energy’s Statements of Consolidated Income, unless otherwise indicated in the tables below. The intangible assets and associated amortization expense were primarily related to Energy Systems Group prior to the completion of the sale in June 2023 as indicated below. As a result, there are no intangible assets to report as of December 31, 2023. See Note 4 for further information.

		December 31, 2022
		Gross Carrying Amount		Accumulated Amortization		Net Balance
	(in millions)
Customer relationships (1)		$	33	$	(16)	$	17
Trade names (1)		16		(6)		10
Operation and maintenance agreements (1) (2)		12		(2)		10
Other		2		(1)		1
Total		$	63	$	(25)	$	38

(1)Related to Energy Systems Group prior to the completion of the sale in June 2023. Amortization ceased at June 30, 2023, the end of the quarter in which the held for sale criteria was met. See Note 4 for further information.

(2)Amortization expense related to the operation and maintenance agreements is included in Non-utility cost of revenues, including natural gas on CenterPoint Energy’s Statements of Consolidated Income. Amortization ceased at June 30, 2023, the end of the quarter in which the held for sale criteria was met. See Note 4 for further information.

Finite-lived Intangible Assets Amortization Expense

	Year Ended December 31,
	2023		2022		2021
	(in millions)
Amortization expense of intangible assets recorded in Depreciation and amortization	$	3	$	6	$	6
Amortization expense of intangible assets recorded in Non-utility cost of revenues, including natural gas	—		1		1