XML 42 R23.htm IDEA: XBRL DOCUMENT v3.22.4
GOODWILL
 12 Months Ended
Dec. 31, 2022
Intangible Assets [Abstract]  
GOODWILL GOODWILL
The following table presents the carrying amount for Brookfield Infrastructure’s goodwill:
US$ MILLIONS20222021
Balance at beginning of the year$8,979 $6,634 
Acquisitions through business combinations(1)
278 2,400 
Assets held by subsidiaries disposed during the period(2)
(108)(56)
Held for sale(3)
(21)— 
Foreign currency translation and other(339)1 
Balance at end of the year$8,789 $8,979 
(1)See Note 7, Acquisition of Businesses, for additional information.
(2)See Note 5, Disposition of Businesses, for additional information.
(3)See Note 6, Assets and Liabilities Classified as Held for Sale, for additional information.
Goodwill is evaluated for impairment annually or more often if events or circumstances indicate there may be impairment. Impairment is determined by assessing if the carrying value of cash generating units or a group of cash generating units, including the allocated goodwill, exceeds its recoverable amount determined as the greater of the estimated fair value less costs of disposal or the value in use. During 2022, the carrying amount of each cash generating unit was determined to not exceed its recoverable amount.
Goodwill is allocated to the following cash generating units or group of cash generating units:
US$ MILLIONS20222021
North American rail operations$2,094 $2,105 
Canadian diversified midstream operation1,984 2,125 
North American residential energy infrastructure operation1,463 1,356 
Western Canadian natural gas gathering and processing operation710 762 
U.S. data center operation503 503 
Brazilian regulated transmission operation488 456 
Colombian natural gas distribution operation367 433 
U.K. telecom tower operation332 341 
Other848 898 
Total$8,789 $8,979 
The recoverable amount of goodwill has been determined using a discounted cash flow model whereby the fair value measurement is classified under level 3 on the fair value hierarchy. For businesses with the most significant goodwill as separately listed in the table above, the key inputs in determining the fair value of each cash generating unit under the discounted cash flow model are the utilization of discount rates ranging from 11% to 14%, terminal value multiples of 8x to 20x and discrete cash flow periods from 6 to 19 years.