XML 20 R6.htm IDEA: XBRL DOCUMENT v3.23.2
UNAUDITED INTERIM CONDENSED AND CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Operating Activities        
Net income $ 773 $ 425 $ 916 $ 719
Adjusted for the following items:        
Earnings from investments in associates and joint ventures, net of distributions received 109 76 161 146
Depreciation and amortization expense 632 552 1,277 1,096
Mark-to-market, provisions and other (309) (200) (108) (179)
Deferred income tax expense (recovery) 38 (26) (5) (8)
Changes in non-cash working capital, net (273) (93) (754) (305)
Cash from operating activities 970 734 1,487 1,469
Investing Activities        
Acquisition of subsidiaries, net of cash acquired (78) 0 (4,777) (42)
Disposal of subsidiaries, net of cash disposed 602 0 602 0
Investments in associates and joint ventures 0 (216) (702) (671)
Disposal of investments in associates and joint ventures 672 275 672 275
Purchase of long-lived assets (572) (735) (1,070) (1,334)
Disposal of long-lived assets 65 12 74 21
Purchase of financial assets (111) (146) (343) (382)
Sale of financial assets 166 201 519 401
Net settlement of foreign exchange hedging items 1 25 0 24
Other investing activities 15 0 (668) 0
Cash from (used by) investing activities 760 (584) (5,693) (1,708)
Financing Activities        
Distributions to general partner (67) (61) (134) (122)
Distributions to other unitholders (310) (293) (619) (589)
Subsidiary distributions to non-controlling interest (417) (161) (1,043) (324)
Capital provided by non-controlling interest 79 0 3,710 293
Capital provided to non-controlling interest (423) 0 (423) 0
Deposit repaid to parent 0 (200) 0 0
Proceeds from corporate borrowings 0 474 0 474
Net proceeds from (repayment of) commercial paper program 225 (124) 477 (164)
Proceeds from corporate credit facility 1,268 1,245 3,057 2,202
Repayment of corporate credit facility (1,433) (1,216) (2,576) (1,694)
Proceeds from non-recourse borrowings 2,093 2,164 6,581 3,400
Repayment of non-recourse borrowings (2,081) (1,413) (4,035) (2,007)
Settlement of deferred consideration 0 (1,037) 0 (1,037)
Net preferred units redeemed 0 0 0 (243)
Partnership units issued 2 4 8 8
Lease liability repaid (59) (72) (122) (90)
Other financing activities (792) 0 (659) 0
Cash (used by) from financing activities (1,915) (690) 4,222 107
Cash and cash equivalents        
Change during the period (185) (540) 16 (132)
Cash reclassified as assets held for sale 0 (30) (6) (30)
Impact of foreign exchange on cash 50 (98) 91 57
Balance, beginning of year 1,515 1,969 1,279 1,406
Balance, end of year $ 1,380 $ 1,301 $ 1,380 $ 1,301