BORROWINGS (Tables)

12 Months Ended

Dec. 31, 2020

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.