PARTNERSHIP CAPITAL (Tables)

12 Months Ended

Dec. 31, 2023

Special and Limited Partnership Capital


	Special General Partner Units
MILLIONS, EXCEPT UNIT INFORMATION	2023			2022			2021
	Carrying Value		Units	Carrying Value		Units	Carrying Value		Units
Opening balance	$	19	2,400,631	$	19	2,400,631	$	19	2,400,631
Ending balance	$	19	2,400,631	$	19	2,400,631	$	19	2,400,631


	Limited Partnership Units
MILLIONS, EXCEPT UNIT INFORMATION	2023			2022			2021
	Carrying Value		Units	Carrying Value		Units	Carrying Value		Units
Opening balance	$	6,092	458,380,315	$	6,074	457,901,280	$	5,526	443,147,915
Conversion from RPU to LP	100		3,287,267	—		—	—		—
Unit issuance	12		416,225	13		338,953	545		14,564,499
Units repurchased and cancelled	(12)		(908,674)	—		—	—		—
Conversions	4		168,839	5		140,082	3		188,866

Ending balance	$	6,196	461,343,972	$	6,092	458,380,315	$	6,074	457,901,280

Non-controlling interest—Redeemable Partnership Units held by Brookfield


MILLIONS, EXCEPT UNIT INFORMATION	2023			2022			2021
	Carrying Value		Units	Carrying Value		Units	Carrying Value		Units
Opening balance	$	2,728	193,587,223	$	2,728	193,587,223	$	2,328	182,930,702
Conversion of RPU to LP	(100)		(3,287,267)	—		—	—		—
Unit issuance	—		—	—		—	400		10,656,521
Ending balance	$	2,628	190,299,956	$	2,728	193,587,223	$	2,728	193,587,223

Non-controlling interest—BIPC exchangeable shares


MILLIONS, EXCEPT SHARE INFORMATION	2023			2022			2021
	Carrying Value		Shares	Carrying Value		Shares	Carrying Value		Shares
Opening balance	$	1,757	110,567,671	$	1,755	110,157,540	$	(19)	67,441,451
Share issuance	—		—	—		—	128		3,210,037
Issued in conjunction with the acquisition of Triton	751		21,094,441	—		—	—		—
Issued in conjunction with the acquisition of Inter Pipeline	—		—	—		—	1,642		38,985,604

Conversions	4		209,954	2		410,131	4		520,448
Ending balance	$	2,512	131,872,066	$	1,757	110,567,671	$	1,755	110,157,540

Non-controlling interest—Exchangeable Units


MILLIONS, EXCEPT UNIT INFORMATION	2023			2022			2021
	Carrying Value		Units	Carrying Value		Units	Carrying Value		Units
Opening balance	$	401	6,464,819	$	408	7,015,032	$	156	1,611,508

Issuance of BIPC Exchangeable LP Units	—		—	—		—	259		6,112,838

Conversions	(8)		(378,793)	(7)		(550,213)	(7)		(709,314)
Ending balance	$	393	6,086,026	$	401	6,464,819	$	408	7,015,032


	Perpetual Subordinated Notes
US$ MILLIONS	2023		2022		2021
Opening balance	$	293	$	—	$	—
Issued for cash	—		293		—

Ending balance	$	293	$	293	$	—

Preferred Unitholders’ Capital


MILLIONS, EXCEPT UNIT INFORMATION	2023			2022			2021
	Carrying Value		Units	Carrying Value		Units	Carrying Value		Units
Opening balance	$	918	43,901,312	$	1,138	55,881,062	$	1,130	57,867,650
Units issued	—		—	—		—	194		8,000,000
Repurchased and cancelled	—		—	(220)		(11,979,750)	(186)		(9,986,588)
Ending balance	$	918	43,901,312	$	918	43,901,312	$	1,138	55,881,062