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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating Activities      
Net income $ 1,448 $ 1,375 $ 2,719
Adjusted for the following items:      
Earnings from investments in associates and joint ventures, net of distributions received 323 563 69
Depreciation and amortization expense 2,739 2,158 2,036
Mark-to-market, provisions and other 201 (147) (1,768)
Deferred income tax expense 5 86 240
Changes in non-cash working capital, net (638) (904) (524)
Cash from operating activities 4,078 3,131 2,772
Investing Activities      
Acquisition of subsidiaries, net of cash acquired (10,747) (479) (2,923)
Disposal of subsidiaries and assets held for sale, net of cash disposed 602 198 3,284
Investments in associates and joint ventures (1,098) (864) 0
Disposal of investments in associates and joint ventures 1,107 275 412
Purchase of long lived assets (2,487) (2,775) (2,067)
Disposal of long lived assets 162 41 85
Purchase of financial assets (524) (659) (1,324)
Sale of financial assets 715 720 1,341
Net settlement of foreign exchange hedging items 0 178 19
Other inflows (outflows) of cash (720) 0 0
Cash used by investing activities (12,990) (3,365) (1,173)
Financing Activities      
Distributions to general partner (269) (244) (209)
Distributions to other unitholders (1,247) (1,174) (1,048)
Subsidiary distributions to non-controlling interest (2,247) (751) (955)
Capital provided by non-controlling interest 8,618 293 3,071
Capital provided to non-controlling interest (423) 0 (1,560)
Disposal of partial interest to non-controlling interest, net of taxes. 124 0 0
Acquisition of partial interest from non-controlling interest 0 0 (1,399)
Net proceeds from commercial paper program 525 33 431
Deposit (repaid to) received from parent 0 0 (545)
Proceeds from corporate borrowings 513 995 244
Proceeds from corporate credit facility 6,320 3,225 5,928
Repayment of corporate credit facility (6,194) (3,129) (7,059)
Proceeds from non-recourse borrowings 13,703 8,885 16,510
Repayment of non-recourse borrowings (9,213) (6,392) (14,499)
Settlement of deferred consideration 0 (1,224) (191)
Net preferred units (redeemed) issued 0 (243) (12)
Partnership units repurchased, net of costs and issuances (13) 13 1,073
Lease liability repaid (283) (233) (272)
Other financing activity (495) 2 (503)
Cash from (used by) financing activities 9,419 56 (995)
Cash and cash equivalents      
Change during the year 507 (178) 604
Impact of foreign exchange on cash 71 88 (65)
Cash reclassified as held for sale 0 (37) 0
Cash and cash equivalents at beginning of period 1,279 1,406 867
Cash and cash equivalents at end of period $ 1,857 $ 1,279 $ 1,406