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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Operating Activities      
Net (loss) income $ (232) $ 570 $ 581
Adjusted for the following items:      
Depreciation and amortization expense 283 308 319
Mark-to-market on hedging items and other 110 35 50
Remeasurement of exchangeable and class B shares 511 0 0
Deferred income tax expense 102 97 100
Changes in non-cash working capital, net (44) 73 15
Cash from operating activities 730 1,083 1,065
Investing Activities      
Purchase of long-lived assets (416) (455) (443)
Proceeds from sales of property, plant and equipment 17 14 8
Cash used by investing activities (399) (441) (435)
Financing Activities      
Distributions to Brookfield Infrastructure Partners L.P.(1) [1] (33) (250) (677)
Distributions to non-controlling interests (436) (525) (563)
Capital provided to non-controlling interests 0 0 (877)
Proceeds from non-recourse borrowings 551 316 1,986
Repayment of non-recourse borrowings (380) (55) (437)
Repayment of intercompany borrowings (19) 0 0
Cash used by financing activities (317) (514) (568)
Cash and cash equivalents      
Change during the year 14 128 62
Impact of foreign exchange on cash (26) (23) (41)
Balance, beginning of year 204 99 78
Balance, end of year $ 192 $ 204 $ 99
[1] Represents distributions paid to the partnership prior to March 30, 2020. Please refer to Note 3(b), Basis of Presentation and Significant Accounting Policies, for further details. Subsequent to March 30, 2020, dividends paid on our exchangeable shares are presented as interest expense on the Consolidated Statements of Operating Results.