XML 28 R13.htm IDEA: XBRL DOCUMENT v3.21.2
ASSETS AND LIABILITIES CLASSIFIED AS HELD FOR SALE
 6 Months Ended
Jun. 30, 2021
Disclosure of detailed information about assets and liabilities classified as held for sale [Abstract]  
Disclosure of detailed information about assets and liabilities classified as held for sale [Text Block] ASSETS AND LIABILITIES CLASSIFIED AS HELD FOR SALE
In February 2021, Brookfield Infrastructure, alongside institutional partners (collectively the “Enwave U.S. consortium”), agreed to the sale of its U.S. district energy operation. As a result, the assets and liabilities of the business were classified as held for sale as at June 30, 2021.
The major classes of assets and liabilities of the business classified as held for sale are as follows:
US$ MILLIONSJune 30, 2021
Assets
Cash and cash equivalents$6 
Accounts receivable and other current assets45 
Current assets51 
Property, plant and equipment1,058 
Goodwill and other non-current assets47 
Total assets classified as held for sale$1,156 
Liabilities
Accounts payable and other liabilities$203 
Deferred income tax liability183 
Non-recourse borrowings473 
Total liabilities associated with assets held for sale859 
Net assets classified as held for sale$297 
On July 16, 2021, Brookfield Infrastructure, completed the sale of its 40% interest in its U.S. district energy operation for total consideration of approximately $0.6 billion (Enwave U.S. consortium total of $1.5 billion). On disposition, the partnership’s share of accumulated revaluation surplus of approximately $150 million was reclassified from accumulated other comprehensive income directly to retained earnings.