XML 75 R55.htm IDEA: XBRL DOCUMENT
v3.20.4

PROPERTY, PLANT AND EQUIPMENT (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2020
Property, plant and equipment [abstract] |
Disclosure of detailed information about property, plant and equipment |
US$ MILLIONS |  | Utilities |  | Transport |  | Midstream |  | Data |  | Total
Gross Carrying Amount: |  |  |  |  |  |  |  |  |  |
Balance at January 1, 2019 |  | $ | 6,248 |  |  | $ | 2,495 |  |  | $ | 2,443 |  |  | $ | 444 |  |  | $ | 11,630 |
Change in accounting policies(1) |  | 110 |  |  | 356 |  |  | 108 |  |  | 633 |  |  | 1,207 |
Additions, net of disposals |  | 770 |  |  | 122 |  |  | 116 |  |  | 8 |  |  | 1,016 |
Non-cash (disposals) additions |  | (295) |  |  | 49 |  |  | 23 |  |  | (51) |  |  | (274) |
Acquisitions through business combinations(2) |  | 2,135 |  |  | 5,283 |  |  | 1,197 |  |  | 95 |  |  | 8,710 |
Assets reclassified as held for sale |  | (455) |  |  | — |  |  | (3) |  |  | — |  |  | (458) |
Net foreign currency exchange differences |  | 120 |  |  | 4 |  |  | 87 |  |  | 2 |  |  | 213 |
Balance at December 31, 2019 |  | $ | 8,633 |  |  | $ | 8,309 |  |  | $ | 3,971 |  |  | $ | 1,131 |  |  | $ | 22,044 |
Additions, net of disposals |  | 535 |  |  | 387 |  |  | 306 |  |  | 77 |  |  | 1,305 |
Non-cash (disposals) additions |  | 15 |  |  | (241) |  |  | (29) |  |  | (26) |  |  | (281) |
Acquisitions through business combinations(2) |  | — |  |  | — |  |  | — |  |  | 7,334 |  |  | 7,334 |
Net foreign currency exchange differences |  | 106 |  |  | 242 |  |  | 73 |  |  | 77 |  |  | 498 |
Balance at December 31, 2020 |  | $ | 9,289 |  |  | $ | 8,697 |  |  | $ | 4,321 |  |  | $ | 8,593 |  |  | $ | 30,900 |
Accumulated depreciation: |  |  |  |  |  |  |  |  |  |
Balance at January 1, 2019 |  | $ | (985) |  |  | $ | (744) |  |  | $ | (120) |  |  | $ | — |  |  | $ | (1,849) |
Depreciation expense |  | (415) |  |  | (178) |  |  | (84) |  |  | (87) |  |  | (764) |
Disposals |  | 3 |  |  | 2 |  |  | — |  |  | — |  |  | 5 |
Assets reclassified as held for sale |  | 194 |  |  | — |  |  | — |  |  | — |  |  | 194 |
Non-cash disposals (additions) |  | 50 |  |  | (27) |  |  | 3 |  |  | — |  |  | 26 |
Net foreign currency exchange differences |  | (18) |  |  | (3) |  |  | (7) |  |  | (1) |  |  | (29) |
Balance at December 31, 2019 |  | $ | (1,171) |  |  | $ | (950) |  |  | $ | (208) |  |  | $ | (88) |  |  | $ | (2,417) |
Depreciation expense |  | (419) |  |  | (498) |  |  | (141) |  |  | (189) |  |  | (1,247) |
Disposals |  | 12 |  |  | 4 |  |  | — |  |  | — |  |  | 16 |
Non-cash disposals |  | — |  |  | 130 |  |  | — |  |  | 17 |  |  | 147 |
Net foreign currency exchange differences |  | (35) |  |  | (90) |  |  | (7) |  |  | (3) |  |  | (135) |
Balance at December 31, 2020 |  | $ | (1,613) |  |  | $ | (1,404) |  |  | $ | (356) |  |  | $ | (263) |  |  | $ | (3,636) |
Accumulated fair value adjustments: |  |  |  |  |  |  |  |  |  |
Balance at January 1, 2019 |  | $ | 2,002 |  |  | $ | 810 |  |  | $ | 221 |  |  | $ | — |  |  | $ | 3,033 |
Assets reclassified as held for sale |  | (416) |  |  | — |  |  | — |  |  | — |  |  | (416) |
Fair value adjustments |  | 582 |  |  | 45 |  |  | 92 |  |  | — |  |  | 719 |
Net foreign currency exchange differences |  | 44 |  |  | 2 |  |  | 16 |  |  | — |  |  | 62 |
Non-cash disposals |  | — |  |  | — |  |  | (12) |  |  | — |  |  | (12) |
Balance at December 31, 2019 |  | $ | 2,212 |  |  | $ | 857 |  |  | $ | 317 |  |  | $ | — |  |  | $ | 3,386 |
Fair value adjustments |  | 652 |  |  | 113 |  |  | 21 |  |  | — |  |  | 786 |
Net foreign currency exchange differences |  | 70 |  |  | 78 |  |  | — |  |  | — |  |  | 148 |
Balance at December 31, 2020 |  | $ | 2,934 |  |  | $ | 1,048 |  |  | $ | 338 |  |  | $ | — |  |  | $ | 4,320 |
Net book value: |  |  |  |  |  |  |  |  |  |
December 31, 2020(3) |  | $ | 10,610 |  |  | $ | 8,341 |  |  | $ | 4,303 |  |  | $ | 8,330 |  |  | $ | 31,584 |
December 31, 2019 |  | $ | 9,674 |  |  | $ | 8,216 |  |  | $ | 4,080 |  |  | $ | 1,043 |  |  | $ | 23,013 |
1.Relates to the adoption of IFRS 16 effective January 1, 2019. 2.See Note 6, Acquisition of Businesses, for additional information. 3.Includes right-of-use assets of $159 million (2019: $156 million) in our utilities segment, $1,187 million (2019: $1,329 million) in our transport segment, $113 million (2019: $116 million) in our midstream segment and $2,643 million (2019: $560 million) in our data segment. The following table summarizes the valuation techniques and significant inputs for Brookfield Infrastructure’s property, plant and equipment assets valued using the income method, categorized by segment.
|  | Dec. 31, 2020 |  | Dec. 31, 2019
Segment |  | Primary Valuation Technique(1) |  | Discount Rate |  | Terminal Value Multiple |  | Investment Horizon |  | Primary Valuation Technique(1) |  | Discount Rate |  | Terminal Value Multiple |  | Investment Horizon
Utilities |  | Discounted cash flow model |  | 7% to 14% |  | 7x to 23x |  | 10 yrs |  | Discounted cash flow model |  | 7% to 14% |  | 8x to 21x |  | 10 to 20 yrs
Transport |  | Discounted cash flow model |  | 7% to 13% |  | 9x to 14x |  | 10 yrs |  | Discounted cash flow model |  | 7% to 13% |  | 9x to 14x |  | 10 to 20 yrs
Midstream |  | Discounted cash flow model |  | 15% |  | 10x |  | 5 to 10 yrs |  | Discounted cash flow model |  | 15% |  | 10x |  | 5 to 10 yrs
The following table summarizes the carrying amount of property, plant and equipment that would have been recognized had assets been carried under the cost model.
US$ MILLIONS |  | Dec. 31, 2020 |  | Dec. 31, 2019
Utilities |  | $ | 8,114 |  |  | $ | 7,776 |
Transport |  | 7,548 |  |  | 7,574 |
Midstream |  | 4,007 |  |  | 3,797 |
Data |  | 8,330 |  |  | 1,043 |

X
- Definition The disclosure of detailed information about property, plant and equipment. [Refer: Property, plant and equipment] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 16 -IssueDate 2020-01-01 -Paragraph 73 -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=16&code=ifrs-tx-2020-en-r&anchor=para_73&doctype=Standard -URIDate 2020-01-01 + Details
Name: | ifrs-full_DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | ifrs-full_PropertyPlantAndEquipmentAbstract
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration