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INVESTMENT IN ASSOCIATES AND JOINT VENTURES (Tables)

12 Months Ended

Dec. 31, 2021

Interests In Other Entities [Abstract]

Disclosure of ownership interest, voting interest, and carrying value of joint ventures

The following table represents the change in the balance of investments in associates and joint ventures:

US$ MILLIONS						2021						2020
Balance at beginning of year						$	5,528					$	4,967
Share of earnings for the year						88						131
Foreign currency translation and other						(323)						(245)
Share of other comprehensive income						163						7
Distributions						(157)						(167)
Disposition of interest(1)						(336)						—
Held for sale(2)						(146)						—
Change in basis of accounting(3).(4),(5)						(92)						466
Acquisitions(6)						—						369
Balance at end of year(7),(8)						$	4,725					$	5,528

(1)In March 2021, Brookfield Infrastructure sold an effective 13% interest in its U.S. gas pipeline for net proceeds of $412 million. Approximately $125 million of the proceeds were used to repay a shareholder loan. On disposition, Brookfield Infrastructure recognized a gain on sale of approximately $75 million in Other income (expense) in the Consolidated Statement of Operating Results. Based on our ownership interest and governance rights retained, our partnership will continue to equity account for this investment in the midstream segment.

(2)In December 2021, a subsidiary of Brookfield Infrastructure agreed to the sale of its 50% interest in a freehold landlord port in Victoria, Australia. The subsidiary is expected to receive net proceeds of approximately $0.3 billion.

(3)On February 26, 2021, Brookfield Infrastructure exercised its option to acquire an additional 15% interest in Jose Maria de Macedo de Eletricidade S.A. (“JMM”), a Brazilian electricity transmission operation, increasing Brookfield Infrastructure’s ownership in JMM to 31%. As a result of governance rights obtained, Brookfield Infrastructure consolidated JMM effective February 26, 2021.Refer to Note 6, Acquisition of Businesses, for further details.

(4)On December 24, 2021, Brookfield Infrastructure exercised its option to acquire an additional 15% interest in Giovanni Sanguinetti Transmissora de Energia S.A.(“Sanguinetti”) and Veredas Transmissora de Electricidade S.A. (Veredas”), Brazilian electricity transmission operations, increasing Brookfield Infrastructure’s ownership in each operation to 31%. As a result of governance rights obtained, Brookfield Infrastructure consolidated both operations effective December 24, 2021. Refer to Note 6, Acquisition of Businesses, for further details.

(5)On December 7, 2020, our partnership completed the partial sale of an effective 22% interest in our Australian export terminal. Our 49% retained interest was remeasured using the initial public offering price of $466 million. Based on our ownership interest and governance rights retained, our partnership equity accounts for the entity.

(6)In September 2020, Brookfield Infrastructure, acquired an effective 6% interest in a U.S. LNG export terminal (“Sabine Pass”), Cheniere Energy Partners, L.P. for $369 million. Brookfield maintains a co-controlling interest in a joint venture with Blackstone Infrastructure Partners, which holds an approximate 41% interest in Sabine Pass. Based on our ownership interest and governance rights retained, our partnership equity accounts for the entity.

(7)The closing balance includes a shareholder loan of $375 million from our U.S. gas pipeline (2020: $500 million).

(8)Subsequent to December 31, 2021, Brookfield Infrastructure acquired an approximate 10% interest in AusNet Services Ltd., an Australian regulated utility, for total equity consideration of approximately $0.5 billion.

Disclosure of ownership interest, voting interest, and carrying value of associates

The following table represents the change in the balance of investments in associates and joint ventures:

US$ MILLIONS						2021						2020
Balance at beginning of year						$	5,528					$	4,967
Share of earnings for the year						88						131
Foreign currency translation and other						(323)						(245)
Share of other comprehensive income						163						7
Distributions						(157)						(167)
Disposition of interest(1)						(336)						—
Held for sale(2)						(146)						—
Change in basis of accounting(3).(4),(5)						(92)						466
Acquisitions(6)						—						369
Balance at end of year(7),(8)						$	4,725					$	5,528

(1)In March 2021, Brookfield Infrastructure sold an effective 13% interest in its U.S. gas pipeline for net proceeds of $412 million. Approximately $125 million of the proceeds were used to repay a shareholder loan. On disposition, Brookfield Infrastructure recognized a gain on sale of approximately $75 million in Other income (expense) in the Consolidated Statement of Operating Results. Based on our ownership interest and governance rights retained, our partnership will continue to equity account for this investment in the midstream segment.

(2)In December 2021, a subsidiary of Brookfield Infrastructure agreed to the sale of its 50% interest in a freehold landlord port in Victoria, Australia. The subsidiary is expected to receive net proceeds of approximately $0.3 billion.

(3)On February 26, 2021, Brookfield Infrastructure exercised its option to acquire an additional 15% interest in Jose Maria de Macedo de Eletricidade S.A. (“JMM”), a Brazilian electricity transmission operation, increasing Brookfield Infrastructure’s ownership in JMM to 31%. As a result of governance rights obtained, Brookfield Infrastructure consolidated JMM effective February 26, 2021.Refer to Note 6, Acquisition of Businesses, for further details.

(4)On December 24, 2021, Brookfield Infrastructure exercised its option to acquire an additional 15% interest in Giovanni Sanguinetti Transmissora de Energia S.A.(“Sanguinetti”) and Veredas Transmissora de Electricidade S.A. (Veredas”), Brazilian electricity transmission operations, increasing Brookfield Infrastructure’s ownership in each operation to 31%. As a result of governance rights obtained, Brookfield Infrastructure consolidated both operations effective December 24, 2021. Refer to Note 6, Acquisition of Businesses, for further details.

(5)On December 7, 2020, our partnership completed the partial sale of an effective 22% interest in our Australian export terminal. Our 49% retained interest was remeasured using the initial public offering price of $466 million. Based on our ownership interest and governance rights retained, our partnership equity accounts for the entity.

(6)In September 2020, Brookfield Infrastructure, acquired an effective 6% interest in a U.S. LNG export terminal (“Sabine Pass”), Cheniere Energy Partners, L.P. for $369 million. Brookfield maintains a co-controlling interest in a joint venture with Blackstone Infrastructure Partners, which holds an approximate 41% interest in Sabine Pass. Based on our ownership interest and governance rights retained, our partnership equity accounts for the entity.

(7)The closing balance includes a shareholder loan of $375 million from our U.S. gas pipeline (2020: $500 million).

(8)Subsequent to December 31, 2021, Brookfield Infrastructure acquired an approximate 10% interest in AusNet Services Ltd., an Australian regulated utility, for total equity consideration of approximately $0.5 billion.

Disclosure of interests in associates

The following tables present the gross assets and liabilities of Brookfield Infrastructure’s investments in associates and joint ventures:

												As at December 31, 2021
												Total																																										Attributable to
US$ MILLIONS						Ownership and Voting Interest						Current Assets						Non- Current Assets						Total Assets						Current Liabilities						Non- Current Liabilities						Total Liabilities						Total Net Assets						Other Ownership Interests						Partnership’s Share
Utilities						11-20%						$	359					$	5,723					$	6,082					$	444					$	3,738					$	4,182					$	1,900					$	1,670					$	230
Transport						6-49%						1,356						24,437						25,793						2,172						13,044						15,216						10,577						8,260						2,317
Midstream(1)						20-38%						223						6,275						6,498						234						4,087						4,321						2,177						1,125						1,052
Data						12-21%						1,055						13,393						14,448						1,727						6,284						8,011						6,437						5,350						1,087
Corporate						25-50%						4						144						148						1						—						1						147						108						39
Total												$	2,997					$	49,972					$	52,969					$	4,578					$	27,153					$	31,731					$	21,238					$	16,513					$	4,725

(1)The partnership’s share of total net assets include a shareholder loan of $375 million receivable from our U.S. gas pipeline.

												As at December 31, 2020
												Total																																										Attributable to
US$ MILLIONS						Ownership and Voting Interest						Current Assets						Non- Current Assets						Total Assets						Current Liabilities						Non- Current Liabilities						Total Liabilities						Total Net Assets						Other Ownership Interests						Partnership’s Share
Utilities						11-20%						$	646					$	6,142					$	6,788					$	487					$	4,238					$	4,725					$	2,063					$	1,810					$	253
Transport						6-50%						1,266						25,762						27,028						1,959						9,836						11,795						15,233						12,474						2,759
Midstream(1)						20-50%						173						6,392						6,565						249						4,033						4,282						2,283						911						1,372
Data						12-21%						841						13,308						14,149						1,263						6,081						7,344						6,805						5,672						1,133
Corporate						25-50%						22						121						143						14						56						70						73						62						11
Total												$	2,948					$	51,725					$	54,673					$	3,972					$	24,244					$	28,216					$	26,457					$	20,929					$	5,528

(1)The partnership’s share of total net assets include a shareholder loan of $500 million receivable from our U.S. gas pipeline.

The following tables present the gross amounts of revenue, net income, other comprehensive income from Brookfield Infrastructure’s investments in associates and joint ventures for the years ended December 31, 2021, 2020, and 2019:

						Year ended December 31, 2021
						Total																														Net income (loss) attributable to the Partnership
US$ MILLIONS						Revenue						Net Income						OCI						Total Comprehensive Income
Utilities						$	1,336					$	521					$	28					$	549											$	84
Transport						11,808						1,574						(435)						1,139												15
Midstream						833						146						(46)						100												74
Data						2,460						70						73						143												14
Corporate						—						(76)						102						26												(99)
Total						$	16,437					$	2,235					$	(278)					$	1,957											$	88

						Year ended December 31, 2020
						Total																														Net income (loss) attributable to the Partnership
US$ MILLIONS						Revenue						Net Income						OCI						Total Comprehensive Income
Utilities						$	1,715					$	364					$	(205)					$	159											$	50
Transport						4,161						171						(1,419)						(1,248)												(101)
Midstream						767						236						—						236												136
Data						2,245						293						374						667												45
Corporate						9						(15)						(245)						(260)												1
Total						$	8,897					$	1,049					$	(1,495)					$	(446)											$	131

						Year ended December 31, 2019
						Total																														Net income (loss) attributable to the Partnership
US$ MILLIONS						Revenue						Net Income						OCI						Total Comprehensive Income
Utilities						$	1,046					$	354					$	26					$	380											$	57
Transport						3,351						22						364						386												2
Midstream						734						351						(54)						297												184
Data						1,447						(38)						57						19												(9)
Corporate						17						(38)						(156)						(194)												(10)
Total						$	6,595					$	651					$	237					$	888											$	224

The following tables present the cash flow activities of Brookfield Infrastructure’s investments in associates and joint ventures for the years ended December 31, 2021, 2020, and 2019:

						Year ended December 31, 2021
						Total																								Attributable to
US$ MILLIONS						Operating						Investing						Financing						Total Cash Flows						Other Ownership Interests						Partnership’s Share
Utilities						$	202					$	(611)					$	176					$	(233)					$	(199)					$	(34)
Transport						3,192						(372)						(1,627)						1,193						1,091						102
Midstream						342						(33)						(314)						(5)						(2)						(3)
Data						718						(996)						489						211						171						40
Corporate						(79)						(293)						372						—						—						—
Total						$	4,375					$	(2,305)					$	(904)					$	1,166					$	1,061					$	105

						Year ended December 31, 2020
						Total																								Attributable to
US$ MILLIONS						Operating						Investing						Financing						Total Cash Flows						Other Ownership Interests						Partnership’s Share
Utilities						$	184					$	(697)					$	285					$	(228)					$	(199)					$	(29)
Transport						1,189						(1,039)						826						976						843						133
Midstream						378						(314)						(56)						8						3						5
Data						852						(735)						(77)						40						34						6
Corporate						—						—						—						—						—						—
Total						$	2,603					$	(2,785)					$	978					$	796					$	681					$	115

						Year ended December 31, 2019
						Total																								Attributable to
US$ MILLIONS						Operating						Investing						Financing						Total Cash Flows						Other Ownership Interests						Partnership’s Share
Utilities						$	108					$	(1,109)					$	1,548					$	547					$	471					$	76
Transport						692						(852)						11						(149)						(76)						(73)
Midstream						357						(267)						(95)						(5)						(3)						(2)
Data						531						(2,707)						2,201						25						30						(5)
Corporate						—						—						—						—						—						—
Total						$	1,688					$	(4,935)					$	3,665					$	418					$	422					$	(4)

Disclosure of interests in joint ventures

The following tables present the gross assets and liabilities of Brookfield Infrastructure’s investments in associates and joint ventures:

												As at December 31, 2021
												Total																																										Attributable to
US$ MILLIONS						Ownership and Voting Interest						Current Assets						Non- Current Assets						Total Assets						Current Liabilities						Non- Current Liabilities						Total Liabilities						Total Net Assets						Other Ownership Interests						Partnership’s Share
Utilities						11-20%						$	359					$	5,723					$	6,082					$	444					$	3,738					$	4,182					$	1,900					$	1,670					$	230
Transport						6-49%						1,356						24,437						25,793						2,172						13,044						15,216						10,577						8,260						2,317
Midstream(1)						20-38%						223						6,275						6,498						234						4,087						4,321						2,177						1,125						1,052
Data						12-21%						1,055						13,393						14,448						1,727						6,284						8,011						6,437						5,350						1,087
Corporate						25-50%						4						144						148						1						—						1						147						108						39
Total												$	2,997					$	49,972					$	52,969					$	4,578					$	27,153					$	31,731					$	21,238					$	16,513					$	4,725

(1)The partnership’s share of total net assets include a shareholder loan of $375 million receivable from our U.S. gas pipeline.

												As at December 31, 2020
												Total																																										Attributable to
US$ MILLIONS						Ownership and Voting Interest						Current Assets						Non- Current Assets						Total Assets						Current Liabilities						Non- Current Liabilities						Total Liabilities						Total Net Assets						Other Ownership Interests						Partnership’s Share
Utilities						11-20%						$	646					$	6,142					$	6,788					$	487					$	4,238					$	4,725					$	2,063					$	1,810					$	253
Transport						6-50%						1,266						25,762						27,028						1,959						9,836						11,795						15,233						12,474						2,759
Midstream(1)						20-50%						173						6,392						6,565						249						4,033						4,282						2,283						911						1,372
Data						12-21%						841						13,308						14,149						1,263						6,081						7,344						6,805						5,672						1,133
Corporate						25-50%						22						121						143						14						56						70						73						62						11
Total												$	2,948					$	51,725					$	54,673					$	3,972					$	24,244					$	28,216					$	26,457					$	20,929					$	5,528

(1)The partnership’s share of total net assets include a shareholder loan of $500 million receivable from our U.S. gas pipeline.

The following tables present the gross amounts of revenue, net income, other comprehensive income from Brookfield Infrastructure’s investments in associates and joint ventures for the years ended December 31, 2021, 2020, and 2019:

						Year ended December 31, 2021
						Total																														Net income (loss) attributable to the Partnership
US$ MILLIONS						Revenue						Net Income						OCI						Total Comprehensive Income
Utilities						$	1,336					$	521					$	28					$	549											$	84
Transport						11,808						1,574						(435)						1,139												15
Midstream						833						146						(46)						100												74
Data						2,460						70						73						143												14
Corporate						—						(76)						102						26												(99)
Total						$	16,437					$	2,235					$	(278)					$	1,957											$	88

						Year ended December 31, 2020
						Total																														Net income (loss) attributable to the Partnership
US$ MILLIONS						Revenue						Net Income						OCI						Total Comprehensive Income
Utilities						$	1,715					$	364					$	(205)					$	159											$	50
Transport						4,161						171						(1,419)						(1,248)												(101)
Midstream						767						236						—						236												136
Data						2,245						293						374						667												45
Corporate						9						(15)						(245)						(260)												1
Total						$	8,897					$	1,049					$	(1,495)					$	(446)											$	131

						Year ended December 31, 2019
						Total																														Net income (loss) attributable to the Partnership
US$ MILLIONS						Revenue						Net Income						OCI						Total Comprehensive Income
Utilities						$	1,046					$	354					$	26					$	380											$	57
Transport						3,351						22						364						386												2
Midstream						734						351						(54)						297												184
Data						1,447						(38)						57						19												(9)
Corporate						17						(38)						(156)						(194)												(10)
Total						$	6,595					$	651					$	237					$	888											$	224

The following tables present the cash flow activities of Brookfield Infrastructure’s investments in associates and joint ventures for the years ended December 31, 2021, 2020, and 2019:

						Year ended December 31, 2021
						Total																								Attributable to
US$ MILLIONS						Operating						Investing						Financing						Total Cash Flows						Other Ownership Interests						Partnership’s Share
Utilities						$	202					$	(611)					$	176					$	(233)					$	(199)					$	(34)
Transport						3,192						(372)						(1,627)						1,193						1,091						102
Midstream						342						(33)						(314)						(5)						(2)						(3)
Data						718						(996)						489						211						171						40
Corporate						(79)						(293)						372						—						—						—
Total						$	4,375					$	(2,305)					$	(904)					$	1,166					$	1,061					$	105

						Year ended December 31, 2020
						Total																								Attributable to
US$ MILLIONS						Operating						Investing						Financing						Total Cash Flows						Other Ownership Interests						Partnership’s Share
Utilities						$	184					$	(697)					$	285					$	(228)					$	(199)					$	(29)
Transport						1,189						(1,039)						826						976						843						133
Midstream						378						(314)						(56)						8						3						5
Data						852						(735)						(77)						40						34						6
Corporate						—						—						—						—						—						—
Total						$	2,603					$	(2,785)					$	978					$	796					$	681					$	115

						Year ended December 31, 2019
						Total																								Attributable to
US$ MILLIONS						Operating						Investing						Financing						Total Cash Flows						Other Ownership Interests						Partnership’s Share
Utilities						$	108					$	(1,109)					$	1,548					$	547					$	471					$	76
Transport						692						(852)						11						(149)						(76)						(73)
Midstream						357						(267)						(95)						(5)						(3)						(2)
Data						531						(2,707)						2,201						25						30						(5)
Corporate						—						—						—						—						—						—
Total						$	1,688					$	(4,935)					$	3,665					$	418					$	422					$	(4)

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-URIDate 2021-03-24

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Name:	ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesExplanatory
Namespace Prefix:	ifrs-full_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration