BORROWINGS (Tables)

12 Months Ended

Dec. 31, 2018

Disclosure of detailed information about borrowings

The current and non-current balances of non-recourse borrowings are as follows:



US$ MILLIONS	2018		2017
Current	$	985	$	364
Non-current	12,128		7,699
Total	$	13,113	$	8,063



	Maturity	Annual Rate	Currency	2018		2017
Corporate revolving credit facility	June 30, 2023	LIBOR plus 1.2%	US$	510		789
Medium Term Notes⁽¹⁾:
Current:
Public - Canadian	October 30, 2018	3.0%	C$	—		99
Non-Current:
Public - Canadian	October 30, 2020	3.5%	C$	275		298
Public - Canadian	March 11, 2022	3.5%	C$	330		358
Public - Canadian	February 22, 2024	3.3%	C$	220		239
Public - Canadian	February 22, 2024	3.3%	C$	293		318
Public - Canadian	September 11, 2028	4.2%	C$	365		—
Total				$	1,993	$	2,101


(1)	See Note 20, Subsidiary Public Issuers for further details.

Principal repayments on non-recourse borrowings due over the next five years and thereafter are as follows:



US$ MILLIONS	Utilities			Transport			Energy			Data Infrastructure			Total
2019	98			233			82			583			996
2020	348			205			247			6			806
2021	501			307			11			16			835
2022	205			340			211			6			762
2023	2,252			340			925			6			3,523
Thereafter	2,008			2,023			1,733			520			6,284
Total Principal repayments	5,412			3,448			3,209			1,137			13,206
Deferred financing costs and other	(15		)	(4		)	(54		)	(20		)	(93		)
Total - Dec. 31, 2018	$	5,397		$	3,444		$	3,155		$	1,117		$	13,113
Total - Dec. 31, 2017	$	3,649		$	3,257		$	1,157		$	—		$	8,063

The weighted average interest rates of non-recourse borrowings are as follows:



US$ MILLIONS	Utilities		Transport		Energy		Data Infrastructure		Total
Dec. 31, 2018	4	%	6	%	6	%	6	%	5	%
Dec. 31, 2017	4	%	5	%	5	%	—		5	%

Principal repayments on non-recourse borrowings in their local currency are as follows:



US$ MILLIONS, except as noted	Dec. 31, 2018		Local Currency		Dec. 31, 2017		Local Currency
U.S. dollars	$	5,317	USD	5,317	$	3,087	USD	$	3,087
British pounds	1,847		GBP	1,447	1,735		GBP	1,283
Canadian dollars	1,388		CAD	1,893	397		CAD	499
Brazilian real	1,342		BRL	5,200	—		BRL	—
Australian dollars	925		AUD	1,312	1,013		AUD	1,297
Chilean Unidad de Fomento⁽¹⁾	837		UF	21	960		UF	22
Indian rupees	565		INR	39,236	186		INR	11,847
Colombian pesos	411		COP	1,337,497	184		COP	549,384
Peruvian soles	441		PEN	1,486	458		PEN	1,483
New Zealand dollars	40		NZD	60	43		NZD	61


(1)	Chilean Unidad de Fomento is an inflation adjusted unit of account indexed to the Chilean Peso.

Disclosure of reconciliation of liabilities arising from financing activities

Details of the “Changes in liabilities from financing activities”, including both changes arising from cash flows and non-cash changes are as follows:



US$ MILLIONS	2017		Cash Flows		Acquisitions		Foreign Exchange Movement			2018
Corporate borrowings	$	2,101	$	4	$	—	$	(112	)	$	1,993
Non-recourse borrowings	8,063		3,951		1,484		(385		)	13,113