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UNAUDITED INTERIM CONDENSED AND CONSOLIDATED STATEMENTS OF PARTNERSHIP CAPITAL - USD ($)
$ in Millions
Total
Limited partners’ capital
Limited partners’ capital
Limited partners’ capital
Limited partners’ capital
(Deficit)
Limited partners’ capital
Ownership changes
Limited partners’ capital
Accumulated other comprehensive income
General partner
General partner
Accumulated other comprehensive income
Redeemable Partnership Units held by Brookfield
Redeemable Partnership Units held by Brookfield
Limited partners’ capital
Redeemable Partnership Units held by Brookfield
Accumulated other comprehensive income
Non-controlling interest – BIPC exchangeable shares
Non-controlling interest – BIPC exchangeable shares
Limited partners’ capital
Non-controlling interest – BIPC exchangeable shares
Accumulated other comprehensive income
Non-controlling Interest - Exchange LP Units, equity
Non-controlling Interest - Exchange LP Units, equity
Limited partners’ capital
Non-controlling Interest - Exchange LP Units, equity
Accumulated other comprehensive income
Non-controlling interest – in operating subsidiaries
Non-controlling interest – Perpetual subordinated notes
Preferred unitholders capital
Balance as at Dec. 31, 2021 $ 26,391 $ 5,702 $ 6,074 $ (2,125) $ 1,430 $ 323 [1] $ 31 $ 2 $ 2,408 $ 2,728 $ 137 $ 1,369 $ 1,755 $ 77 $ 85 $ 408 $ 4 $ 15,658   $ 1,138
Net income 719 76   76     120   32     18           473    
Other comprehensive income (94) (6)       (6) [1]   0 (1)   (1) 0   0     0 (87)    
Comprehensive income 625 70   76   (6) [1] 120   31     18           386    
Unit issuance [2] 8 8 8                                  
Partnership distributions [3] (676) (330)   (330)     (122)   (138)     (80)     (6)          
Partnership preferred distributions [3] (35) (20)   (20)         (10)     (5)                
Subsidiary distributions to non-controlling interest (324)                                 (324)    
Preferred units redeemed (243) (14)   (14)         (9)                     (220)
Issuance of perpetual subordinated notes [2] 293                                   $ 293  
Other items 0 [1],[4],[5] 3 [1],[4],[5] 3 [1],[4],[5] 86 [1],[4],[5]   (86) [1],[4],[5]         (36)   1 [1],[4],[5] (20)   (4) [1],[4],[5]        
Balance as at Jun. 30, 2022 26,039 5,419 6,085 (2,327) 1,430 231 [1],[6] 29 2 2,282   100 1,303   57 75 [7]   4 15,720   918
Balance as at Dec. 31, 2021 26,391 5,702 6,074 (2,125) 1,430 323 [1] 31 2 2,408 2,728 137 1,369 1,755 77 85 408 4 15,658   1,138
Unit issuance     13             0                    
Balance as at Dec. 31, 2022 25,554 5,372 6,092 (2,657) 1,456 481 [8] 27 2 2,263 2,728 210 1,289 1,757 118 72 401 6 15,320   918
Perpetual subordinated notes                                     293  
Balance as at Mar. 31, 2022 26,975 5,741 6,080 (2,309) 1,430 540 [6] 31   2,420     1,381     81 [7]     16,110   918
Perpetual subordinated notes at Mar. 31, 2022                                     293  
Net income 425 70   70     60   29     17           249    
Other comprehensive income (850) (223)       (223) [6] (1)   (93)     (52)     (3) [7]     (478)    
Comprehensive income (425) (153)   70   (223) [6] 59   (64)     (35)     (3) [7]     (229)    
Unit issuance [9] 4 4 4                                  
Partnership distributions [10] (338) (165)   (165)     (61)   (69)     (40)     (3) [7]          
Partnership preferred distributions [10] (16) (9)   (9)         (5)     (2)                
Subsidiary distributions to non-controlling interest (161)                                 (161)    
Issuance of perpetual subordinated notes 0                                      
Other items [9] 0 1 1 86   (86) [6]           (1)                
Balance as at Jun. 30, 2022 26,039 5,419 6,085 (2,327) 1,430 231 [1],[6] 29 2 2,282   100 1,303   57 75 [7]   4 15,720   918
Perpetual subordinated notes                                     293  
Perpetual subordinated notes 293                                   293  
Balance as at Dec. 31, 2022 25,554 5,372 6,092 (2,657) 1,456 481 [8] 27 2 2,263 2,728 210 1,289 1,757 118 72 401 6 15,320   918
Perpetual subordinated notes at Dec. 31, 2022 293                                   293  
Net income 916 161   161     132   66     39     3     515    
Other comprehensive income 524 55       55 [8] 1 1 23   23 13   13 1   1 431    
Comprehensive income 1,440 216   161   55 [8] 133   89     52     4     946    
Unit issuance 8 [11],[12] 8 [11],[12] 8 [11],[12]             0                    
Partnership distributions [13] (722) (350)   (350)     (134)   (149)     (84)     (5)          
Partnership preferred distributions [13] (31) (19)   (19)         (8)     (4)                
Acquisition of subsidiary [12] 3,789                                 3,789    
Disposition of subsidiaries [12] (372)                                 (372)    
Subsidiary distributions to non-controlling interest (1,043)                                 (1,043)    
Issuance of perpetual subordinated notes 0                                      
Other items 0 [11] 2 [11] 2 [11] 18 [11]   (18) [8],[11]         (8) 1 [11]   (4) (3) [11]          
Balance as at Jun. 30, 2023 28,623 5,229 6,102 (2,847) 1,456 518 [8] 26 3 2,195 2,728 225 1,254 1,758 127 68 [14] 398 7 18,640   918
Perpetual subordinated notes 293                                      
Balance as at Mar. 31, 2023 28,312 5,112 6,099 (2,866) 1,456 423 [15] 25   2,149     1,225     68 [14]     18,522   918
Perpetual subordinated notes at Mar. 31, 2023 293                                      
Net income 773 186   186     67   77     45     3 [14]     395    
Other comprehensive income 544 113       113 [15] 1   48     27     1 [14]     354    
Comprehensive income 1,317 299   186   113 [15] 68   125     72     4 [14]     749    
Unit issuance [16] 2 2 2                                  
Partnership distributions [17] (361) (175)   (175)     (67)   (75)     (42)     (2) [14]          
Partnership preferred distributions [17] (16) (10)   (10)         (4)     (2)                
Acquisition of subsidiary [18] 158                                 158    
Disposition of subsidiaries [18] (372)                                 (372)    
Subsidiary distributions to non-controlling interest (417)                                 (417)    
Issuance of perpetual subordinated notes 0                                      
Other items [16]   1 1 18   (18) [15]           1     (2) [14]          
Balance as at Jun. 30, 2023 28,623 $ 5,229 $ 6,102 $ (2,847) $ 1,456 $ 518 [8] $ 26 $ 3 $ 2,195 $ 2,728 $ 225 $ 1,254 $ 1,758 $ 127 $ 68 [14] $ 398 $ 7 $ 18,640   $ 918
Perpetual subordinated notes $ 293                                   $ 293  
[1] Refer to Note 17, Accumulated Other Comprehensive Income (Loss).
[2] Refer to Note 15, Partnership Capital.
[3] Refer to Note 16, Distributions.
[4] Refer to Note 4, Disposition of Businesses.
[5] Refer to Note 5, Acquisition of Businesses.
[6] Refer to Note 17, Accumulated Other Comprehensive Income (Loss)
[7] Includes non-controlling interest attributable to Exchange LP units and BIPC exchangeable LP units.
[8] Refer to Note 17, Accumulated Other Comprehensive Income (Loss).
[9] Refer to Note 15, Partnership Capital.
[10] Refer to Note 16, Distributions.
[11] Refer to Note 15, Partnership Capital.
[12] Refer to Note 5, Acquisition of Businesses.
[13] Refer to Note 16, Distributions.
[14] Includes non-controlling interest attributable to Exchange LP units and BIPC exchangeable LP units.
[15] Refer to Note 17, Accumulated Other Comprehensive Income (Loss).
[16] Refer to Note 15, Partnership Capital.
[17] Refer to Note 16, Distributions.
[18] Refer to Note 5, Acquisition of Businesses