XML 42 R28.htm IDEA: XBRL DOCUMENT v3.23.2
ACQUISITION OF BUSINESSES (Tables)
 6 Months Ended
Jun. 30, 2023
Disclosure of detailed information about business combination [abstract]  
Disclosure of detailed information about business combinations
Consideration Transferred:
US$ MILLIONS
Cash$1,249 
Total consideration$1,249 
Fair value of assets and liabilities acquired (provisional)(1):
US$ MILLIONS
Cash and cash equivalents$205 
Accounts receivable and other827 
Property, plant and equipment118 
Intangible assets2,921 
Goodwill3,271 
Accounts payable and other liabilities(797)
Non-recourse borrowings(1,006)
Deferred income tax liabilities(635)
Net assets acquired before non-controlling interest4,904 
Non-controlling interest(2)
(3,655)
Net assets acquired$1,249 
1.The fair values of certain acquired assets and liabilities for these operations have been determined on a provisional basis given the proximity of the acquisitions to the reporting date, pending finalization of the determination of the fair values of the acquired assets and liabilities. Our partnership is in the process of obtaining additional information primarily in order to assess the fair values of intangible assets, deferred income taxes and the resulting impact to goodwill as at the date of the acquisitions.
2.Non-controlling interest represents the interest not acquired by Brookfield Infrastructure, measured at fair value at the acquisition dates.
Consideration Transferred:
US$ MILLIONS
Cash$35 
Pre-existing interest in businesses
35 
Total consideration$70 
Fair value of assets and liabilities acquired (provisional)(1):
US$ MILLIONS
Cash and cash equivalents$36 
Accounts receivable and other9 
Intangible assets477 
Goodwill25 
Accounts payable and other liabilities(44)
Non-recourse borrowings(192)
Deferred income tax liabilities(83)
Net assets acquired before non-controlling interest228 
Non-controlling interest(2)
(158)
Net assets acquired$70 
1.The fair values of certain acquired assets and liabilities for these operations have been determined on a provisional basis given the proximity of the acquisitions to the reporting date, pending finalization of the determination of the fair values of the acquired assets and liabilities. Our partnership is in the process of obtaining additional information primarily in order to assess the fair values of intangible assets, deferred income taxes and the resulting impact to goodwill as at the date of the acquisitions.
2.Non-controlling interest represents the interest not acquired by Brookfield Infrastructure, measured at fair value at the acquisition dates.
Consideration Transferred:
US$ MILLIONS
Cash$123 
Equity consideration(1)
21 
Contingent consideration17 
Total consideration$161 
1. As part of our consideration, we issued shares of the subsidiary which are compound financial instruments.
Fair value of assets and liabilities acquired (provisional)(1):
US$ MILLIONS
Cash and cash equivalents$6 
Accounts receivable and other24 
Property, plant and equipment161 
Intangible assets302 
Goodwill278 
Accounts payable and other liabilities(54)
Non-recourse borrowings(51)
Deferred income tax liabilities(18)
Net assets acquired before non-controlling interest648 
Non-controlling interest(2)
(487)
Net assets acquired$161 
1.The fair values of certain acquired assets and liabilities for these operations have been determined on a provisional basis given the proximity of the acquisitions to the reporting date, pending finalization of the determination of the fair values of the acquired assets and liabilities. Our partnership is in the process of obtaining additional information primarily in order to assess the fair values of property, plant and equipment, intangible assets, deferred income taxes and the resulting impact to goodwill as at the date of the acquisitions.
2.Non-controlling interest represents the interest not acquired by Brookfield Infrastructure, measured at fair value at the acquisition dates.