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CAPITAL MANAGEMENT (Tables)
 12 Months Ended
Dec. 31, 2023
Disclosure of Capital Management [Abstract]  
Schedule of invested capital We define Invested Capital as partnership capital removing the impact of the following items: non-controlling interest - in operating subsidiaries, retained earnings or deficit, accumulated other comprehensive income and ownership changes.
US$ MILLIONS20232022
Partnership Capital$34,016 $25,554 
Remove impact of the following items since inception:
Non-controlling interest - in operating subsidiaries(23,661)(15,320)
Deficit4,419 3,422 
Accumulated other comprehensive income(1,161)(817)
Ownership changes(581)(558)
Invested Capital$13,032 $12,281 
The following table presents the change in Invested Capital during year ended December 31, 2023 and 2022:
For the year ended December 31,
US$ MILLIONS20232022
Opening balance$12,281 $12,195 
Net redemption of preferred units— (220)
Issuance of perpetual subordinated notes— 293 
Issuance of limited partnership units, net of redemptions— 13 
Issuance of BIPC exchangeable LP Units751 — 
Ending balance$13,032 $12,281 
Weighted Average Invested Capital(1)
$12,478 $12,270 
(1)     For the purposes of calculating Weighted Average Invested Capital for the year ended December 31, 2022, redemption of preferred units and issuance of perpetual subordinated notes of $220 million and $293 million, respectively, were assumed to have been completed concurrently in January of 2022.