PARTNERSHIP CAPITAL (Tables)

6 Months Ended

Jun. 30, 2022

(a) Special General and Limited Partnership Capital


	Special General Partner Units		Limited Partnership Units		Total
UNITS MILLIONS	As of and for the six-month period ended June 30, 2022	As of and for the 12 month period ended Dec. 31, 2021	As of and for the six-month period ended June 30, 2022	As of and for the 12 month period ended Dec. 31, 2021	As of and for the six-month period ended June 30, 2022	As of and for the 12 month period ended Dec. 31, 2021
Opening balance	2.4	2.4	457.9	443.1	460.3	445.5
Issued for cash	—	—	0.2	14.6	0.2	14.6
Conversion from Exchange LP Units	—	—	—	0.1	—	0.1
Conversion from BIPC exchangeable shares	—	—	—	0.1	—	0.1

Ending balance	2.4	2.4	458.1	457.9	460.5	460.3


	Special General Partner				Limited Partners				Total
US$ MILLIONS	As of and for the six-month period ended June 30, 2022		As of and for the 12 month period ended Dec. 31, 2021		As of and for the six-month period ended June 30, 2022		As of and for the 12 month period ended Dec. 31, 2021		As of and for the six-month period ended June 30, 2022		As of and for the 12 month period ended Dec. 31, 2021
Opening balance	$	19	$	19	$	6,074	$	5,526	$	6,093	$	5,545
Unit issuance	—		—		8		545		8		545
Conversion from Exchange LP Units	—		—		2		2		2		2
Conversion from BIPC exchangeable shares	—		—		1		1		1		1

Ending balance	$	19	$	19	$	6,085	$	6,074	$	6,104	$	6,093

(b) Non-controlling interest – Redeemable Partnership Units held by Brookfield


	Non-controlling interest – Redeemable Partnership Units held by Brookfield
UNITS MILLIONS	As of and for the six-month period ended June 30, 2022	As of and for the 12 month period ended Dec. 31, 2021
Opening balance	193.6	182.9
Issued for cash	—	10.7
Ending balance	193.6	193.6


	Non-controlling interest – Redeemable Partnership Units held by Brookfield
US$ MILLIONS	As of and for the six-month period ended June 30, 2022		As of and for the 12 month period ended Dec. 31, 2021
Opening balance	$	2,728	$	2,328
Unit issuance	—		400
Ending balance	$	2,728	$	2,728


	Non-controlling interest – BIPC exchangeable shares
SHARES MILLIONS	As of and for the six-month period ended June 30, 2022	As of and for the 12 month period ended Dec. 31, 2021
Opening balance	110.0	67.4
Share issuance	—	0.6
Issued in conjunction with the acquisition of Inter Pipeline	—	39.0

Conversion to units	—	3.2
Conversion from BIPC Exchangeable LP Units	0.3	(0.2)
Ending balance	110.3	110.0


	Non-controlling interest – BIPC shares
US$ MILLIONS	As of and for the six-month period ended June 30, 2022		As of and for the 12 month period ended Dec. 31, 2021
Opening balance	$	1,755	$	(19)

Share issuance	—		1,770
Conversion to limited partnership units	(1)		(1)
Conversion from BIPC Exchangeable LP Units	4		5
Ending balance	$	1,758	$	1,755

Non-controlling interest – Exchangeable Units


	Non-controlling interest – Exchangeable units
UNITS MILLIONS	As of and for the six-month period ended June 30, 2022	As of and for the 12 month period ended Dec. 31, 2021
Opening balance	6.9	1.5

Issuance of BIPC exchangeable LP units	—	6.2
Conversion to BIPC exchangeable shares	(0.3)	(0.6)
Conversion to limited partnership units	(0.1)	(0.2)
Ending balance(1)	6.5	6.9


	Non-controlling interest – Exchangeable units
US$ MILLIONS	As of and for the six-month period ended June 30, 2022		As of and for the 12 month period ended Dec. 31, 2021
Opening balance	$	408	$	156

Issuance of BIPC exchangeable LP units	—		259
BIPC Exchangeable LP Units converted to BIPC exchangeable shares	(4)		(5)
Conversion to limited partnership units	(2)		(2)
Ending balance(1)	$	402	$	408

1.Includes non-controlling interest attributable to Exchange LP unitholders and BIPC exchangeable LP unitholders.

(e) Non-controlling interest - Perpetual Subordinated Notes


	Perpetual Subordinated Notes
UNITS MILLIONS	As of and for the six-month period ended June 30, 2022		As of and for the 12 month period ended Dec. 31, 2021
Opening balance	$	—	$	—
Issued for cash	293		—

Ending balance	$	293	$	—

Preferred Unitholders’ Capital


	Preferred Units
UNITS MILLIONS	As of and for the six-month period ended June 30, 2022	As of and for the 12 month period ended Dec. 31, 2021
Opening balance	55.9	57.9
Issued for cash	—	8.0
Repurchased and cancelled	(12.0)	(10.0)
Ending balance	43.9	55.9


	Preferred Units
US$ MILLIONS	As of and for the six-month period ended June 30, 2022		As of and for the 12 month period ended Dec. 31, 2021
Opening balance	$	1,138	$	1,130
Unit issuance	—		194
Repurchased and cancelled	(220)		(186)
Ending balance	$	918	$	1,138