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Segment Information (Tables)
 12 Months Ended
Dec. 31, 2023
Segment Reporting Information [Line Items]  
Schedule of Segment Reporting Information Information related to the Company's reportable segments is shown below (in millions):
Years Ended December 31,
202320222021
Operating revenue:
PacifiCorp$5,936 $5,679 $5,296 
MidAmerican Funding3,393 4,025 3,547 
NV Energy4,523 3,824 3,107 
Northern Powergrid1,303 1,365 1,188 
BHE Pipeline Group3,774 3,844 3,544 
BHE Transmission799 732 731 
BHE Renewables1,710 1,737 1,661 
HomeServices4,322 5,268 6,215 
BHE and Other(1)
(158)(137)(139)
Total operating revenue$25,602 $26,337 $25,150 
Depreciation and amortization:   
PacifiCorp$1,126 $1,120 $1,088 
MidAmerican Funding908 1,168 914 
NV Energy615 566 549 
Northern Powergrid455 361 305 
BHE Pipeline Group542 508 492 
BHE Transmission256 239 238 
BHE Renewables266 265 242 
HomeServices50 56 52 
BHE and Other(1)
2 3 1 
Total depreciation and amortization$4,220 $4,286 $3,881 
   
Years Ended December 31,
202320222021
Operating income:
PacifiCorp$(799)$1,158 $1,133 
MidAmerican Funding521 438 416 
NV Energy507 606 621 
Northern Powergrid404 551 543 
BHE Pipeline Group1,699 1,720 1,516 
BHE Transmission332 333 339 
BHE Renewables197 327 344 
HomeServices6 151 505 
BHE and Other(1)
(87)(43)(90)
Total operating income2,780 5,241 5,327 
Interest expense(2,415)(2,216)(2,118)
Capitalized interest132 76 64 
Allowance for equity funds267 167 126 
Interest and dividend income412 154 89 
Gains (losses) on marketable securities, net669 (2,002)1,823 
Other, net116 (7)(17)
Total income before income tax (benefit) expense and equity loss$1,961 $1,413 $5,294 
Interest expense:
PacifiCorp$546 $431 $430 
MidAmerican Funding362 333 319 
NV Energy259 221 206 
Northern Powergrid119 133 130 
BHE Pipeline Group150 148 143 
BHE Transmission150 153 155 
BHE Renewables160 179 161 
HomeServices13 7 4 
BHE and Other(1)
656 611 570 
Total interest expense$2,415 $2,216 $2,118 
Income tax (benefit) expense:
PacifiCorp$(553)$(61)$(78)
MidAmerican Funding(695)(776)(680)
NV Energy41 56 56 
Northern Powergrid122 75 192 
BHE Pipeline Group300 276 269 
BHE Transmission19 14 10 
BHE Renewables(2)
(876)(879)(750)
HomeServices5 47 138 
BHE and Other(1)
(62)(668)(289)
Total income tax (benefit) expense$(1,699)$(1,916)$(1,132)
Years Ended December 31,
202320222021
Earnings on common shares:
PacifiCorp$(468)$921 $889 
MidAmerican Funding980 947 883 
NV Energy394 427 439 
Northern Powergrid165 385 247 
BHE Pipeline Group1,079 1,040 807 
BHE Transmission246 247 247 
BHE Renewables(2)
518 643 459 
HomeServices13 100 387 
BHE and Other(1)
59 (2,035)1,311 
Total earnings on common shares$2,986 $2,675 $5,669 
Capital expenditures:
PacifiCorp$3,226 $2,166 $1,513 
MidAmerican Funding1,833 1,869 1,912 
NV Energy1,797 1,113 749 
Northern Powergrid557 768 742 
BHE Pipeline Group1,294 1,157 1,128 
BHE Transmission206 200 279 
BHE Renewables177 140 227 
HomeServices41 48 42 
BHE and Other17 44 19 
Total capital expenditures$9,148 $7,505 $6,611 
As of December 31,
202320222021
Property, plant and equipment, net:
PacifiCorp$27,051 $24,430 $22,914 
MidAmerican Funding21,971 21,092 20,302 
NV Energy12,480 10,993 10,231 
Northern Powergrid8,007 7,445 7,572 
BHE Pipeline Group16,904 16,216 15,692 
BHE Transmission6,273 6,209 6,590 
BHE Renewables6,169 6,236 6,107 
HomeServices187 188 169 
BHE and Other206 234 239 
Total property, plant and equipment, net$99,248 $93,043 $89,816 
As of December 31,
202320222021
Total assets:
PacifiCorp$33,757 $30,559 $27,615 
MidAmerican Funding27,331 26,077 25,352 
NV Energy17,788 16,676 15,239 
Northern Powergrid9,596 9,005 9,326 
BHE Pipeline Group21,723 21,005 20,434 
BHE Transmission9,624 9,334 9,476 
BHE Renewables11,045 11,797 12,055 
HomeServices3,407 3,436 4,574 
BHE and Other3,569 5,951 7,994 
Total assets$137,840 $133,840 $132,065 
Years Ended December 31,
202320222021
Operating revenue by country:
U.S.$23,593 $24,263 $23,215 
United Kingdom1,277 1,345 1,188 
Canada706 709 719 
Australia20 20 — 
Other6 — 28 
Total operating revenue by country$25,602 $26,337 $25,150 
Income before income tax (benefit) expense and equity loss by country:
U.S.$1,489 $771 $4,650 
United Kingdom294 447 454 
Canada181 181 181 
Australia(5)15 (8)
Other2 (1)17 
Total income before income tax (benefit) expense and equity loss by country$1,961 $1,413 $5,294 
As of December 31,
202320222021
Property, plant and equipment, net by country:
U.S.$85,128 $79,578 $75,774 
United Kingdom7,710 6,959 7,487 
Canada6,178 6,091 6,547 
Australia232 415 8 
Total property, plant and equipment, net by country$99,248 $93,043 $89,816 

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

(2)Income tax (benefit) expense includes the tax attributes of disregarded entities that are not required to pay income taxes and the earnings of which are taxable directly to BHE.
Schedule of Goodwill
The following table shows the change in the carrying amount of goodwill by reportable segment for the years ended December 31, 2023 and 2022 (in millions):
BHE
MidAmericanNVNorthernPipelineBHEBHE
PacifiCorpFundingEnergyPowergridGroupTransmissionRenewablesHomeServicesTotal
December 31, 2021$1,129 $2,102 $2,369 $992 $1,814 $1,563 $95 $1,586 $11,650 
Acquisitions— — — — — — — 16 16 
Foreign currency translation
— — — (75)— (102)— — (177)
December 31, 20221,129 2,102 2,369 917 1,814 1,461 95 1,602 11,489 
Acquisitions— — — — — — — 1 1 
Foreign currency translation
— — — 33 — 31 — — 64 
Other— — — — — — — (7)(7)
December 31, 2023$1,129 $2,102 $2,369 $950 $1,814 $1,492 $95 $1,596 $11,547 
MEC  
Segment Reporting Information [Line Items]  
Schedule of Segment Reporting Information
The following tables provide information on a reportable segment basis (in millions):
Years Ended December 31,
202320222021
Operating revenue:
Regulated electric$2,673 $2,988 $2,529 
Regulated natural gas713 1,030 1,003 
Other7 7 15 
Total operating revenue$3,393 $4,025 $3,547 
Depreciation and amortization:
Regulated electric$846 $1,112 $861 
Regulated natural gas62 56 53 
Total depreciation and amortization$908 $1,168 $914 
Operating income:
Regulated electric$471 $372 $358 
Regulated natural gas50 66 58 
Total operating income$521 $438 $416 
Interest expense:
Regulated electric$320 $290 $279 
Regulated natural gas26 23 23 
Total interest expense$346 $313 $302 
Years Ended December 31,
202320222021
Income tax expense (benefit):
Regulated electric$(676)$(779)$(677)
Regulated natural gas(14)9 3 
Other(3)— (1)
Total income tax expense (benefit)
$(693)$(770)$(675)
Net income:
Regulated electric$929 $931 $844 
Regulated natural gas50 30 50 
Other3 — — 
Net income$982 $961 $894 
Capital expenditures:
Regulated electric$1,683 $1,742 $1,806 
Regulated natural gas149 127 106 
Other1 — — 
Total capital expenditures$1,833 $1,869 $1,912 
As of December 31,
202320222021
Total assets:
Regulated electric$23,334 $22,092 $21,385 
Regulated natural gas1,900 1,885 1,871 
Other1 1 1 
Total assets$25,235 $23,978 $23,257 
MidAmerican Funding, LLC  
Segment Reporting Information [Line Items]  
Schedule of Segment Reporting Information
The following tables provide information on a reportable segment basis (in millions):
Years Ended December 31,
202320222021
Operating revenue:
Regulated electric$2,673 $2,988 $2,529 
Regulated natural gas713 1,030 1,003 
Other7 7 15 
Total operating revenue$3,393 $4,025 $3,547 
Depreciation and amortization:
Regulated electric$846 $1,112 $861 
Regulated natural gas62 56 53 
Total depreciation and amortization$908 $1,168 $914 
Operating income:
Regulated electric$471 $372 $358 
Regulated natural gas50 66 58 
Total operating income$521 $438 $416 
Years Ended December 31,
202320222021
Interest expense:
Regulated electric$320 $290 $279 
Regulated natural gas26 23 23 
Other16 20 17 
Total interest expense$362 $333 $319 
Income tax expense (benefit):
Regulated electric$(676)$(779)$(677)
Regulated natural gas(14)9 3 
Other(5)(6)(6)
Total income tax expense (benefit)
$(695)$(776)$(680)
Net income:
Regulated electric$929 $931 $844 
Regulated natural gas50 30 50 
Other1 (14)(11)
Net income$980 $947 $883 
Capital expenditures:
Regulated electric$1,683 $1,742 $1,806 
Regulated natural gas149 127 106 
Other
1 — — 
Total capital expenditures$1,833 $1,869 $1,912 
As of December 31,
202320222021
Total assets:
Regulated electric$24,525 $23,283 $22,576 
Regulated natural gas1,979 1,963 1,950 
Other5 8 5 
Total assets$26,509 $25,254 $24,531 
Schedule of Goodwill
Goodwill by reportable segment as of December 31, 2023 and 2022, was as follows (in millions):
Regulated electric$1,191 
Regulated natural gas79 
Total$1,270 
SPPC  
Segment Reporting Information [Line Items]  
Schedule of Segment Reporting Information
The following tables provide information on a reportable segment basis (in millions):
Years Ended December 31,
202320222021
Operating revenue:
Regulated electric$1,194 $1,025 $848 
Regulated natural gas237 168 117 
Total operating revenue$1,431 $1,193 $965 
Operating income:
Regulated electric$133 $146 $148 
Regulated natural gas19 19 19 
Total operating income152 165 167 
Interest expense(66)(58)(54)
Allowance for borrowed funds7 3 2 
Allowance for equity funds14 7 7 
Interest and dividend income22 18 9 
Other, net4 2 11 
Income before income tax expense$133 $137 $142 
As of December 31,
202320222021
Assets
Regulated electric$4,251 $4,224 $3,829 
Regulated natural gas454 441 365 
Regulated common assets(1)
67 67 29 
Total assets$4,772 $4,732 $4,223 

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