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FINANCIAL LIABILITIES
12 Months Ended
Dec. 31, 2021
Financial Instruments [Abstract]  
FINANCIAL LIABILITIES FINANCIAL LIABILITIES
US$ MILLIONS20212020
Current:
Deferred consideration(1)
$1,148 $136 
Interest rate swaps54 116 
Foreign currency forward contracts76 107 
Other financial liabilities232 337 
Total current financial liabilities$1,510 $696 
Non-current:
Deferred consideration(1)
$6 $1,022 
Interest rate swaps160 341 
Foreign currency forward contracts22 138 
Inflation swaps 46 
Other financial liabilities(2)
1,542 1,131 
Total non-current financial liabilities$1,730 $2,678 
(1)Deferred consideration primarily relates to the April 4, 2017 acquisition our Brazilian regulated gas transmission operation. The deferred consideration is denominated in U.S. dollars and accrues interest at 3.35% compounded annually. The financial liability is measured at amortized cost and is payable on the fifth anniversary of the date of acquisition.
(2)Other financial liabilities primarily includes capital provided by non-controlling interest in the form of a shareholder loan.