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BORROWINGS (Tables) | 12 Months Ended
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Dec. 31, 2020
Financial Instruments [Abstract] |
Disclosure of detailed information about borrowings |
|  | Maturity |  | Annual Rate |  | Currency |  | 2020 |  | 2019
Corporate revolving credit facility |  | June 28, 2024 |  | LIBOR plus 1.2% |  | US$ |  | $ | 1,131 |  |  | $ | 820 |
Corporate revolving credit facility |  | April 14, 2022 |  | LIBOR plus 1.2% |  | US$ |  | — |  |  | — |
Medium Term Notes(1): |  |  |  |  |  |  |  |  |  |
Non-Current: |  |  |  |  |  |  |  |  |  |
Public - Canadian |  | March 11, 2022 |  | 3.5% |  | C$ |  | — |  |  | 346 |
Public - Canadian |  | February 22, 2024 |  | 3.3% |  | C$ |  | 236 |  |  | 231 |
Public - Canadian |  | February 22, 2024 |  | 3.3% |  | C$ |  | 314 |  |  | 308 |
Public - Canadian |  | September 11, 2028 |  | 4.2% |  | C$ |  | 550 |  |  | 384 |
Public - Canadian |  | October 9, 2029 |  | 3.4% |  | C$ |  | 550 |  |  | 386 |
Public - Canadian |  | September 1, 2032 |  | 2.9% |  | C$ |  | 392 |  |  | — |
|  |  |  |  |  |  |  | 3,173 |  |  | 2,475 |
Deferred financing costs and other |  |  |  |  |  |  |  | (15) |  |  | — |
Total |  |  |  |  |  |  |  | $ | 3,158 |  |  | $ | 2,475 |
(1)See Note 20, Subsidiary Public Issuers, for further details. The current and non-current balances of non-recourse borrowings are as follows:
US$ MILLIONS |  | 2020 |  | 2019
Current |  | $ | 1,551 |  |  | $ | 1,381 |
Non-current |  | 18,469 |  |  | 17,163 |
Total |  | $ | 20,020 |  |  | $ | 18,544 |
Principal repayments on non-recourse borrowings due over the next five years and thereafter are as follows:
US$ MILLIONS |  | Utilities |  | Transport |  | Midstream |  | Data |  | Total
2021 |  | $ | 486 |  |  | $ | 431 |  |  | $ | 10 |  |  | $ | 125 |  |  | $ | 1,052 |
2022 |  | 351 |  |  | 454 |  |  | 11 |  |  | 65 |  |  | 881 |
2023 |  | 1,676 |  |  | 330 |  |  | 510 |  |  | 251 |  |  | 2,767 |
2024 |  | 1,370 |  |  | 391 |  |  | 10 |  |  | 244 |  |  | 2,015 |
2025 |  | 783 |  |  | 928 |  |  | 1,088 |  |  | 755 |  |  | 3,554 |
Thereafter |  | 3,434 |  |  | 4,146 |  |  | 524 |  |  | 1,804 |  |  | 9,908 |
Total principal repayments(1) |  | 8,100 |  |  | 6,680 |  |  | 2,153 |  |  | 3,244 |  |  | 20,177 |
Deferred financing costs and other |  | (33) |  |  | (45) |  |  | (42) |  |  | (37) |  |  | (157) |
Total - Dec. 31, 2020 |  | $ | 8,067 |  |  | $ | 6,635 |  |  | $ | 2,111 |  |  | $ | 3,207 |  |  | $ | 20,020 |
Total - Dec. 31, 2019 |  | $ | 7,213 |  |  | $ | 8,210 |  |  | $ | 2,198 |  |  | $ | 923 |  |  | $ | 18,544 |
(1)As of December 31, 2020, approximately $540 million of debt was in breach of asset-level financial covenants. We anticipate being able to refinance or obtain waivers from our financial institutions and accordingly presented the debt in the contractually obligated year of maturity. The weighted average interest rates of non-recourse borrowings are as follows:
US$ MILLIONS |  | Utilities |  | Transport |  | Midstream |  | Data |  | Total
Dec. 31, 2020 |  | 4 | % |  | 5 | % |  | 6 | % |  | 6 | % |  | 5 | %
Dec. 31, 2019 |  | 5 | % |  | 5 | % |  | 6 | % |  | 6 | % |  | 5 | %
Principal repayments on non-recourse borrowings in their local currency are as follows:
US$ MILLIONS, except as noted |  | Dec. 31, 2020 |  | Local Currency |  | Dec. 31, 2019 |  | Local Currency
U.S. dollars |  | $ | 7,457 |  |  | USD |  | 7,457 |  |  | $ | 7,801 |  |  | USD |  | $ | 7,801 |
Indian rupees |  | 3,760 |  |  | INR |  | 274,457 |  |  | 1,427 |  |  | INR |  | 101,929 |
British pounds |  | 2,941 |  |  | GBP |  | 2,151 |  |  | 2,411 |  |  | GBP |  | 1,819 |
Canadian dollars |  | 2,400 |  |  | CAD |  | 3,056 |  |  | 2,473 |  |  | CAD |  | 3,212 |
Chilean Unidad de Fomento(1) |  | 1,201 |  |  | UF |  | 29 |  |  | 1,099 |  |  | UF |  | 29 |
Brazilian real |  | 1,161 |  |  | BRL |  | 6,035 |  |  | 1,489 |  |  | BRL |  | 6,002 |
Colombian pesos |  | 418 |  |  | COP |  | 1,430,115 |  |  | 342 |  |  | COP |  | 1,124,325 |
Peruvian soles |  | 417 |  |  | PEN |  | 1,511 |  |  | 452 |  |  | PEN |  | 1,497 |
Australian dollars |  | 320 |  |  | AUD |  | 416 |  |  | 1,010 |  |  | AUD |  | 1,439 |
Euro |  | 59 |  |  | EUR |  | 48 |  |  | — |  |  | EUR |  | — |
New Zealand dollars |  | 43 |  |  | NZD |  | 60 |  |  | 40 |  |  | NZD |  | 59 |
(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 |  | 2019 |  | Cash Flows |  | Acquisitions/ Dispositions(1) |  | Foreign Exchange Movement and Other |  | 2020
Corporate borrowings |  | $ | 2,475 |  |  | $ | 629 |  |  | $ | — |  |  | $ | 54 |  |  | $ | 3,158 |
Non-recourse borrowings |  | 18,544 |  |  | 1,119 |  |  | 689 |  |  | (332) |  |  | 20,020 |
(1)Refer to Note 6, Acquisition of Businesses, and Note 5, Disposition of Businesses, for further details.

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