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SEGMENT INFORMATION (Tables)
6 Months Ended
Jun. 30, 2021
Operating Segments [Abstract]  
Summary of financial information by segment
Total attributable to Brookfield Infrastructure
FOR THE THREE-MONTH PERIOD ENDED
JUNE 30, 2021
US$ MILLIONS
UtilitiesTransportMidstreamDataCorporateTotalContribution
from
investments
in associates
Attributable to non-controlling
interest
As per IFRS
financials
(1)
Revenues$428 $506 $130 $151 $ $1,215 $(474)$1,922 $2,663 
Costs attributed to revenues(177)(267)(48)(67) (559)235 (1,109)(1,433)
General and administrative expenses    (96)(96)  (96)
Adjusted EBITDA251 239 82 84 (96)560 (239)813 
Other (expense) income (18)   30 12 1 (47)(34)
Interest expense(43)(66)(22)(24)(23)(178)64 (248)(362)
FFO190 173 60 60 (89)394 (174)518 
Depreciation and amortization expense(62)(118)(36)(57) (273)124 (343)(492)
Deferred taxes(94)(9)5 (4)(6)(108)(14)(90)(212)
Mark-to-market on hedging items and other121 (40)(28)(3)289 339 54 869 1,262 
Share of earnings from associates      10  10 
Net income attributable to non-controlling interest       (954)(954)
Net income (loss) attributable to partnership(2)
$155 $6 $1 $(4)$194 $352 $ $ $352 

Total attributable to Brookfield Infrastructure
FOR THE THREE-MONTH PERIOD ENDED
JUNE 30, 2020
US$ MILLIONS
UtilitiesTransportMidstreamDataCorporateTotalContribution
from
investments
in associates
Attributable to non-controlling
interest
As per IFRS
financials
(1)
Revenues$329 $340 $130 $104 $— $903 $(298)$1,341 $1,946 
Costs attributed to revenues(126)(166)(48)(51)— (391)130 (802)(1,063)
General and administrative expenses— — — — (72)(72)— — (72)
Adjusted EBITDA203 174 82 53 (72)440 (168)539 
Other (expense) income(8)— 40 41 (7)(38)(4)
Interest expense(38)(54)(22)(12)(22)(148)46 (145)(247)
FFO157 127 60 43 (54)333 (129)356 
Depreciation and amortization expense(63)(79)(39)(41)— (222)92 (245)(375)
Deferred taxes(13)(1)19 (4)(12)— (8)
Mark-to-market on hedging items and other(24)(37)(8)(5)(102)(176)38 (16)(154)
Share of earnings from associates— — — — — — 11 — 11 
Net income attributable to non-controlling interest— — — — — — — (95)(95)
Net income (loss) attributable to partnership(2)
$57 $14 $12 $16 $(160)$(61)$— $— $(61)
Total attributable to Brookfield Infrastructure
FOR THE SIX-MONTH PERIOD ENDED
JUNE 30, 2021
US$ MILLIONS
UtilitiesTransportMidstreamDataCorporateTotalContribution
from
investments
in associates
Attributable to non-controlling
interest
As per IFRS
financials
(1)
Revenues$818 $1,001 $364 $319 $ $2,502 $(964)$3,808 $5,346 
Costs attributed to revenues(344)(529)(97)(153) (1,123)470 (2,126)(2,779)
General and administrative expenses    (191)(191)  (191)
Adjusted EBITDA474 472 267 166 (191)1,188 (494)1,682 
Other (expense) income(34)(4)(15)5 49 1 1 (99)(97)
Interest expense(84)(133)(46)(51)(50)(364)134 (487)(717)
FFO356 335 206 120 (192)825 (359)1,096 
Depreciation and amortization expense(129)(234)(78)(112) (553)252 (660)(961)
Deferred taxes(106)(7)(5) (18)(136)(15)(101)(252)
Mark-to-market on hedging items and other122 (53)(28)(10)375 406 45 842 1,293 
Share of earnings from associates      77  77 
Net income attributable to non-controlling interest       (1,177)(1,177)
Net income (loss) attributable to partnership(2)
$243 $41 $95 $(2)$165 $542 $ $ $542 

Total attributable to Brookfield Infrastructure
FOR THE SIX-MONTH PERIOD ENDED
JUNE 30, 2020
US$ MILLIONS
UtilitiesTransportMidstreamDataCorporateTotalContribution
from
investments
in associates
Attributable to non-controlling
interest
As per IFRS
financials
(1)
Revenues$684 $716 $278 $213 $— $1,891 $(627)$2,878 $4,142 
Costs attributed to revenues(267)(347)(96)(104)— (814)267 (1,755)(2,302)
General and administrative expenses— — — — (133)(133)— — (133)
Adjusted EBITDA417 369 182 109 (133)944 (360)1,123 
Other (expense) income(18)— 59 46 (3)(65)(22)
Interest expense(77)(107)(46)(24)(45)(299)88 (318)(529)
FFO322 266 137 85 (119)691 (275)740 
Depreciation and amortization expense(130)(173)(77)(89)— (469)203 (509)(775)
Deferred taxes(52)10 (5)19 (7)(35)(2)(19)(56)
Mark-to-market on hedging items and other(44)(108)(18)(23)64 (129)15 (88)(202)
Share of earnings from associates— — — — — — 59 — 59 
Net income attributable to non-controlling interest— — — — — — — (124)(124)
Net income (loss) attributable to partnership(2)
$96 $(5)$37 $(8)$(62)$58 $— $— $58 
1.The above table provides each segment’s results in the format that management organizes its reporting segments to make operating decisions and assess performance. Each segment is presented on a proportionate basis, taking into account Brookfield Infrastructure’s ownership in operations accounted for using the consolidation and equity methods under IFRS. The above table reconciles Brookfield Infrastructure’s proportionate results to our partnership’s Consolidated Statements of Operating Results on a line by line basis by aggregating the components comprising the earnings from our partnership’s investments in associates and joint ventures and reflecting the portion of each line item attributable to non-controlling interests.
2.Includes net income (loss) attributable to limited partners, the general partner, non-controlling interests—Redeemable Partnership Units held by Brookfield, non-controlling interests—Exchange LP Units and non-controlling interests - BIPC exchangeable shares.
The following is an analysis of Brookfield Infrastructure’s assets by reportable operating segment.
Total Attributable to Brookfield Infrastructure
AS OF JUNE 30, 2021
US$ MILLIONS
UtilitiesTransportMidstreamDataCorporateTotalContribution
from
investments
in associates
Attributable
to non-
controlling
interest
Working
capital
adjustment
and other
As per
IFRS
financials
(1)
Total assets$6,414 $9,188 $3,245 $3,355 $(1,829)$20,373 $(4,832)$36,993 $7,744 $60,278 

Total Attributable to Brookfield Infrastructure
AS OF DECEMBER 31, 2020
US$ MILLIONS
UtilitiesTransportMidstreamDataCorporateTotalContribution
from
investments
in associates
Attributable
to non-
controlling
interest
Working
capital
adjustment
and other
As per
IFRS
financials
(1)
Total assets$6,814 $9,155 $3,829 $3,338 $(2,062)$21,074 $(4,895)$37,851 $7,301 $61,331 
1.The above table provides each segment’s assets in the format that management organizes its reporting segments to make operating decisions and assess performance. Each segment is presented on a proportionate basis, taking into account Brookfield Infrastructure’s ownership in operations using consolidation and the equity method whereby our partnership either controls or exercises significant influence over the investment respectively. The above table reconciles Brookfield Infrastructure’s proportionate assets to total assets presented on our partnership’s Consolidated Statements of Financial Position by removing net liabilities contained within investments in associates and joint ventures and reflecting the assets attributable to non-controlling interests, and adjusting for working capital assets which are netted against working capital liabilities.
The following table represents the carrying value of our partnership’s investments in associates and joint ventures:
As of
US$ MILLIONSJune 30, 2021December 31, 2020
Utilities$249 $253 
Transport2,754 2,759 
Midstream1,022 1,372 
Data1,087 1,133 
Corporate 15 11 
Ending Balance$5,127 $5,528