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ACQUISITION OF BUSINESSES (Tables)
 6 Months Ended
Jun. 30, 2020
Disclosure of detailed information about business combination [abstract]  
Disclosure of detailed information about business combinations

Consideration transferred
US$ MILLIONS
 
Cash
$
73

Deferred consideration
68

Total Consideration
$
141


Fair value of assets and liabilities acquired as of December 19, 2019 (provisional)(1):
US$ MILLIONS
 
Cash and cash equivalents
$
9

Accounts receivable and other
18

Property, plant and equipment
95

Intangible assets
465

Goodwill
301

Accounts payable and other liabilities
(53
)
Non-recourse borrowings
(195
)
Deferred income tax liability
(76
)
Net assets acquired before non-controlling interest
564

Non-controlling interest(2)
(423
)
Net assets acquired
$
141


1.
The fair values of certain acquired assets and liabilities for this operation have been determined on a provisional basis given the proximity of the acquisition to the reporting date, pending finalization of the determination of the fair values of the acquired assets and liabilities. Our partnership is in the process of obtaining additional information primarily in order to assess the fair values of property, plant and equipment, intangible assets, non-recourse borrowings, deferred income taxes and other tax matters, and the resulting impact to goodwill as at the date of the acquisition.
2.
Non-controlling interest represents the consideration paid for the interest not acquired by Brookfield Infrastructure, measured at fair value at the acquisition date.
Consideration transferred
US$ MILLIONS
 
Cash
$
443

Total Consideration
$
443

Fair value of assets and liabilities acquired as of March 22, 2019:
US$ MILLIONS
 
Accounts receivable and other
$
94

Property, plant and equipment
2,134

Intangible assets
295

Accounts payable and other liabilities
(66
)
Net assets acquired before non-controlling interest
2,457

Non-controlling interest(1)
(2,014
)
Net assets acquired
$
443


1.
Non-controlling interest represents the consideration paid for the interest not acquired by Brookfield Infrastructure, measured at fair value at the acquisition date.
Consideration transferred
US$ MILLIONS
 
Cash
$
377

Total Consideration
$
377


Fair value of assets and liabilities acquired as of December 31, 2019 (provisional)(1):
US$ MILLIONS
 
Accounts receivable and other
$
5

Property, plant and equipment
1,198

Intangible assets
74

Goodwill
218

Deferred income tax assets
41

Accounts payable and other liabilities
(218
)
Net assets acquired before non-controlling interest
1,318

Non-controlling interest(2)
(941
)
Net assets acquired
$
377


1.
The fair values of certain acquired assets and liabilities for this operation have been determined on a provisional basis given the proximity of the acquisition to the reporting date, pending finalization of the determination of the fair values of the acquired assets and liabilities. Our partnership is in the process of obtaining additional information primarily related to the fair value of property, plant and equipment, intangible assets and the resulting impact to goodwill as at the date of acquisition.
2.
Non-controlling interest represents the consideration paid for the interest not acquired by Brookfield Infrastructure, measured at fair value at the acquisition date.
Consideration transferred
US$ MILLIONS
 
Cash
$
78

Total Consideration
$
78

Fair values of assets and liabilities acquired as of January 4, 2019:
US$ MILLIONS
 
Accounts receivable and other
$
2

Investment properties
211

Goodwill
68

Accounts payable and other liabilities
(9
)
Net assets acquired before non-controlling interest
272

Non-controlling interest(1)
(194
)
Net assets acquired
$
78

1.
Non-controlling interest represents the consideration paid for the interest not acquired by Brookfield Infrastructure, measured at fair value at the acquisition date.
Consideration transferred
US$ MILLIONS
 
Cash
$
602

Total Consideration
$
602


Fair value of assets and liabilities acquired as of December 30, 2019 (provisional)(1):
US$ MILLIONS
 
Cash and cash equivalents
$
67

Accounts receivable and other
509

Assets classified as held for sale(2)
1,584

Property, plant and equipment
5,283

Intangible assets
1,992

Investment in associate
48

Goodwill
2,042

Accounts payable and other liabilities
(612
)
Non-recourse borrowings
(1,567
)
Liabilities directly associated with assets classified as held for sale(2)
(893
)
Other liabilities
(566
)
Deferred income tax liabilities
(1,111
)
Net assets acquired before non-controlling interest
6,776

Non-controlling interest(3)
(6,174
)
Net assets acquired
$
602


1.
The fair values of certain acquired assets and liabilities for this operation have been determined on a provisional basis given the proximity of the acquisition to the reporting date, pending finalization of the determination of the fair values of the acquired assets and liabilities. Our partnership is in the process of obtaining additional information primarily in order to assess the fair values of property, plant and equipment, intangible assets, deferred income taxes and other tax matters, provisions and the resulting impact to goodwill as at the date of the acquisition.
2.
Brookfield Infrastructure agreed to sell the Australian operations of G&W. As a result, the assets and liabilities of these businesses were classified as held for sale as at December 31, 2019. The sale was completed on February 15, 2020. Refer to Note 4 Disposition of Businesses for further details.
3.
Non-controlling interest represents the consideration paid for the interest not acquired by Brookfield Infrastructure, measured at fair value at the acquisition date.
The following table summarizes the purchase price allocation of individually insignificant business combinations that were completed in 2019.
US$ MILLIONS
 
Cash
$
24

Pre-existing interest in business(1)
30

Total consideration
$
54

1.
Prior to the acquisition, Brookfield held an interest in two of the acquirees which were accounted for using the equity method.
Fair value of assets and liabilities acquired during 2019 (provisional)(1):
US$ MILLIONS
 
Cash and cash equivalents
$
16

Accounts receivable and other
6

Intangible assets
422

Goodwill
15

Accounts payable and other liabilities
(21
)
Non-recourse borrowings
(210
)
Deferred income tax liabilities
(55
)
Net assets acquired before non-controlling interest
173

Non-controlling interest(2)
(119
)
Net assets acquired
$
54

1.
The fair values of certain acquired assets and liabilities have been determined on a provisional basis given the proximity of the acquisitions to the reporting date. Our partnership is in the process of obtaining additional information primarily related to the fair value of intangible assets, goodwill and provisions as at the date of acquisition. The fair value of assets and liabilities acquired in April 2019 are no longer provisional.
2.
Non-controlling interest represents the interest not acquired by Brookfield Infrastructure, measured at fair value at the acquisition date.