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FINANCIAL LIABILITIES
 12 Months Ended
Dec. 31, 2022
Financial Instruments [Abstract]  
FINANCIAL LIABILITIES FINANCIAL LIABILITIES
US$ MILLIONS20222021
Current:
Deferred consideration(1)
$84 $1,148 
Interest rate swaps72 54 
Foreign currency forward contracts31 76 
Other financial liabilities203 232 
Total current financial liabilities$390 $1,510 
Non-current:
Interest rate swaps$20 $160 
Foreign currency forward contracts6 22 
Deferred consideration(1)
— 6 
Other financial liabilities(2)
1,651 1,542 
Total non-current financial liabilities$1,677 $1,730 
(1)Deferred consideration primarily relates to the April 4, 2017 acquisition our Brazilian regulated gas transmission operation. The liability was paid on April 4, 2022, the fifth anniversary of the date of acquisition. Prior to being settled, the deferred consideration was denominated in U.S. dollars and accrued interest at 3.35% compounded annually. Historically, the financial liability was measured at amortized cost.
(2)Other financial liabilities primarily includes capital provided by non-controlling interest in the form of a shareholder loan.