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CAPITAL MANAGEMENT (Tables)
 12 Months Ended
Dec. 31, 2022
Disclosure of Capital Management [Abstract]  
Schedule of invested capital We define Invested Capital as partnership capital removing the impact of the following items: non-controlling interest - in operating subsidiaries, retained earnings or deficit, accumulated other comprehensive income and ownership changes.
US$ MILLIONS20222021
Partnership Capital$25,554 $26,391 
Remove impact of the following items since inception:
Non-controlling interest - in operating subsidiaries(15,320)(15,658)
Deficit3,422 2,520 
Accumulated other comprehensive income(817)(543)
Ownership changes(558)(515)
Invested Capital$12,281 $12,195 
The following table presents the change in Invested Capital during year ended December 31, 2022 and 2021:
For the year ended December 31,
US$ MILLIONS20222021
Opening balance$12,195 $9,213 
Net (redemption) issuance of preferred units(220)8 
Issuance of perpetual subordinated notes293 — 
Issuance of limited partnership and redeemable partnership units, net of redemptions13 945 
Issuance of BIPC exchangeable shares— 1,770 
Issuance of BIPC exchangeable LP Units— 259 
Ending balance$12,281 $12,195 
Weighted Average Invested Capital(1)
$12,270 $10,076 
(1)     For the purposes of calculating Weighted Average Invested Capital for the year ended December 31, 2022, redemption of preferred units and issuance of perpetual subordinated notes of $220 million and $293 million, respectively, were assumed to have been completed concurrently in January of 2022.