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Investment In and Advances To Affiliates
 6 Months Ended
Jun. 30, 2020
Investments in and Advances to Affiliates, Schedule of Investments [Abstract]  
INVESTMENTS IN AND ADVANCES TO AFFILIATES INVESTMENTS IN AND ADVANCES TO AFFILIATES
Summarized Financial Information — The following table summarizes financial information of the Company’s 50%-or-less-owned affiliates and majority-owned unconsolidated subsidiaries that are accounted for using the equity method (in millions):
 
50%-or-less Owned Affiliates
 
Majority-Owned Unconsolidated Subsidiaries
Six Months Ended June 30,
2020
 
2019
 
2020
 
2019
Revenue
$
939

 
$
481

 
$
1

 
$
43

Operating margin
153

 
55

 
(1
)
 
(1
)
Net income (loss)
11

 
(30
)
 
(2
)
 
(6
)

OPGC — In December 2019, an other-than-temporary impairment was identified at OPGC primarily due to the estimated market value of the Company's investment and other negative developments impacting future expected cash flows at the investee. A calculation of the fair value of the Company’s investment in OPGC was required to evaluate whether there was a loss in the carrying value of the investment. Based on management’s estimate of fair value of $212 million, the Company had recognized an other-than-temporary impairment of $92 million in December 2019.
In March 2020, management’s updated estimate of fair value was $152 million and the Company then recognized an additional other-than-temporary impairment of $43 million due to the current economic slowdown.
In June 2020, the Company agreed to sell its entire 49% stake in OPGC resulting in an additional other-than-temporary impairment of $158 million. Total other-than-temporary impairment for the six months ended June 30, 2020 was $201 million recognized in Other non-operating expense. The sale is expected to close in the first quarter of 2021. The OPGC equity method investment is reported in the Eurasia SBU reportable segment.
sPower — In April 2019, the Company closed on the sale of approximately 48% of its interest in a portfolio of sPower’s operating assets for $173 million, subject to customary purchase price adjustments, of which $58 million was used to pay down debt at sPower. This sale resulted in a pre-tax gain on sale of business interests of $28 million. After the sale, the Company’s ownership interest in this portfolio of sPower’s operating assets decreased from 50% to approximately 26%. The sPower equity method investment is reported in the US and Utilities SBU reportable segment.