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BORROWINGS (Tables)
 12 Months Ended
Dec. 31, 2020
Financial Instruments [Abstract]  
Disclosure of detailed information about borrowings
The current and non-current balances of non-recourse borrowings are as follows:
As of
US$ MILLIONSDec. 31, 2020Dec. 31, 2019
Current$11 $— 
Non-current3,466 3,526 
Total$3,477 $3,526 
Principal repayments on non-recourse borrowings due over the next five years and thereafter are as follows:
US$ MILLIONSTotal
2021$12 
2022— 
20231,335 
2024109 
2025157 
Thereafter1,873 
Total principal repayments3,486 
Deferred financing costs and other(9)
Total - Dec. 31, 2020$3,477 
Total - Dec. 31, 2019$3,526 
The weighted average interest rates of non-recourse borrowings are as follows:
As of December 31,
20202019
Weighted average interest rates3 %5 %
Principal repayments on non-recourse borrowings in their local currency are as follows:
US$ MILLIONS, except as notedDec. 31, 2020Local CurrencyDec. 31, 2019Local Currency
U.S. dollars$300 USD300 $300 USD$300 
British pounds2,174 GBP1,590 1,936 GBP1,460 
Brazilian real1,012 BRL5,260 1,290 BRL5,200 
Disclosure of reconciliation of liabilities arising from financing activities
Details of the “Changes in liabilities from financing activities”, including both changes arising from cash flows and non-cash changes are as follows:
US$ MILLIONSDec. 31, 2020Cash FlowsForeign Exchange MovementDec. 31, 2019
Non-recourse borrowings3,477 171 (220)3,526 
US$ MILLIONSDec. 31, 2019Cash FlowsForeign Exchange MovementDec. 31, 2018
Non-recourse borrowings3,526 261 19 3,246