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SEGMENT INFORMATION (Tables)
 6 Months Ended
Jun. 30, 2024
Operating Segments [Abstract]  
Summary of financial information by segment
Total attributable to Brookfield Infrastructure
FOR THE THREE-MONTH PERIOD ENDED
JUNE 30, 2024
US$ MILLIONS		UtilitiesTransportMidstreamDataCorporateTotalContribution
from
investments
in associates		Attributable to non-controlling
interest
As per IFRS
financials(1)
Revenues$658 $650 $389 $213 $— $1,910 $(511)$3,739 $5,138 
Costs attributed to revenues(2)
(351)(225)(162)(74)— (812)153 (2,334)(2,993)
General and administrative expenses— — — — (92)(92)— — (92)
Other (expense) income (30)(6)(1)1 48 12 14 (82)(56)
Interest expense(97)(100)(83)(62)(68)(410)99 (515)(826)
FFO180 319 143 78 (112)608 
Depreciation and amortization expense(411)118 (589)(882)
Deferred taxes(2)(12)65 51 
Mark-to-market and other(187)44 (108)(251)
Share of earnings from associates— 95 — 95 
Net income attributable to non-controlling interest— — (176)(176)
Net income attributable to partnership(3)
$8 $— $— $8 

Total attributable to Brookfield Infrastructure
FOR THE THREE-MONTH PERIOD ENDED
JUNE 30, 2023
US$ MILLIONS		UtilitiesTransportMidstreamDataCorporateTotalContribution
from
investments
in associates		Attributable to non-controlling
interest
As per IFRS
financials(1)
Revenues$669 $492 $426 $175 $— $1,762 $(565)$3,059 $4,256 
Costs attributed to revenues(2)
(333)(209)(196)(62)— (800)213 (2,061)(2,648)
General and administrative expenses— — — — (109)(109)— — (109)
Other (expense) income(27)(2)(5)(3)52 15 12 (91)(64)
Interest expense(85)(82)(64)(38)(47)(316)95 (346)(567)
FFO224 199 161 72 (104)552 
Depreciation and amortization expense(346)121 (407)(632)
Deferred taxes(21)(2)(15)(38)
Mark-to-market and other193 (147)256 302 
Share of earnings from associates— 273 — 273 
Net income attributable to non-controlling interest— — (395)(395)
Net income attributable to partnership(3)
$378 $— $— $378 
Total attributable to Brookfield Infrastructure
FOR THE SIX-MONTH PERIOD ENDED
JUNE 30, 2024
US$ MILLIONS		UtilitiesTransportMidstreamDataCorporateTotalContribution
from
investments
in associates		Attributable to non-controlling
interest
As per IFRS
financials(1)
Revenues$1,317 $1,264 $850 $422 $— $3,853 $(985)$7,457 $10,325 
Costs attributed to revenues(2)
(694)(438)(367)(153)— (1,652)291 (4,609)(5,970)
General and administrative expenses— — — — (189)(189)— — (189)
Other (expense) income (67)(14)(5)7 94 15 33 (177)(129)
Interest expense(186)(191)(165)(130)(132)(804)191 (1,007)(1,620)
FFO370 621 313 146 (227)1,223 
Depreciation and amortization expense(840)224 (1,202)(1,818)
Deferred taxes21 (4)184 201 
Mark-to-market and other(226)114 174 62 
Share of earnings from associates— 136 — 136 
Net income attributable to non-controlling interest— — (820)(820)
Net income attributable to partnership(3)
$178 $— $— $178 
Total attributable to Brookfield Infrastructure
FOR THE SIX-MONTH PERIOD ENDED
JUNE 30, 2023
US$ MILLIONS		UtilitiesTransportMidstreamDataCorporateTotalContribution
from
investments
in associates		Attributable to non-controlling
interest
As per IFRS
financials(1)
Revenues$1,305 $966 $901 $350 $— $3,522 $(1,115)$6,067 $8,474 
Costs attributed to revenues(2)
(655)(411)(399)(130)— (1,595)421 (4,058)(5,232)
General and administrative expenses— — — — (212)(212)— — (212)
Other (expense) income (53)(6)(13)1 85 14 22 (164)(128)
Interest expense(165)(158)(130)(79)(91)(623)188 (700)(1,135)
FFO432 391 359 142 (218)1,106 
Depreciation and amortization expense(690)237 (824)(1,277)
Deferred taxes(23)2 26 5 
Mark-to-market and other8 (131)168 45 
Share of earnings from associates— 376 — 376 
Net income attributable to non-controlling interest— — (515)(515)
Net income attributable to partnership(3)
$401 $— $— $401 
1.The above tables reconcile Brookfield Infrastructure’s share of results to our partnership’s unaudited interim condensed and consolidated statements of operating results on a line by line basis by aggregating the components comprising the earnings from our partnership’s investments in associates and reflecting the portion of each line item attributable to non-controlling interests.
2.Costs attributed to revenues exclude depreciation and amortization expense. Refer to Note 15, Direct Operating Costs, for further details.
3.Includes net income attributable to limited partners, the general partner, non-controlling interests - Redeemable Partnership Units held by Brookfield, non-controlling interests - Exchange LP Units, non-controlling interests - BIPC exchangeable LP units and non-controlling interests - BIPC exchangeable shares.
The following is an analysis of Brookfield Infrastructure’s assets by reportable operating segment:
Total Attributable to Brookfield Infrastructure
AS OF JUNE 30, 2024
US$ MILLIONS		UtilitiesTransportMidstreamDataCorporateTotalContribution
from
investments
in associates		Attributable
to non-
controlling
interest		Working
capital
adjustment
and other
As per
IFRS
financials(1)
Total assets$8,856 $12,011 $9,583 $8,659 $(2,133)$36,976 $(7,548)$62,681 $8,783 $100,892 

Total Attributable to Brookfield Infrastructure
AS OF DECEMBER 31, 2023 US$ MILLIONSUtilitiesTransportMidstreamDataCorporateTotalContribution
from
investments
in associates		Attributable
to non-
controlling
interest		Working
capital
adjustment
and other
As per
IFRS
financials(1)
Total assets$9,035 $11,840 $9,918 $7,511 $(2,480)$35,824 $(7,580)$62,732 $9,808 $100,784 
1.The above table provides each segment’s assets in the format that management organizes its reporting segments to make operating decisions and assess performance. Each segment is presented based on our partnership’s share of total assets, taking into account Brookfield Infrastructure’s ownership in operations using consolidation and the equity method whereby our partnership either controls or exercises significant influence over the investment, respectively. The above table reconciles Brookfield Infrastructure’s share of total assets to total assets presented on our partnership’s Consolidated Statements of Financial Position by removing net liabilities contained within investments in associates and joint ventures and reflecting the assets attributable to non-controlling interests, and adjusting for working capital assets which are netted against working capital liabilities.
The following table represents the carrying value of our partnership’s investments in associates and joint ventures:
As of
US$ MILLIONSJune 30, 2024December 31, 2023
Utilities$382 $402 
Transport2,239 1,965 
Midstream708 711 
Data2,264 2,307 
Corporate 42 17 
Ending Balance$5,635 $5,402