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PARTNERSHIP CAPITAL (Tables)
6 Months Ended
Jun. 30, 2024
Equity [abstract]  
Disclosure of classes of share capital
(a) Special General and Limited Partnership Capital
Special General Partner Units
US$ MILLIONS, EXCEPT UNIT INFORMATIONAs of and for the six-month period ended June 30, 2024As of and for the 12-month period ended December 31, 2023
Carrying ValueUnitsCarrying ValueUnits
Opening balance$19 2,400,631 $19 2,400,631 
Ending balance$19 2,400,631 $19 2,400,631 
Limited Partnership Units
US$ MILLIONS, EXCEPT UNIT INFORMATIONAs of and for the six-month period ended June 30, 2024As of and for the 12-month period ended December 31, 2023
Carrying ValueUnitsCarrying ValueUnits
Opening balance$6,196 461,343,972 $6,092 458,380,315 
Conversion from RPU to LP  100 3,287,267 
Unit issuance6 194,312 12 416,225 
Units repurchased and cancelled  (12)(908,674)
Conversions2 120,600 168,839 
Ending balance$6,204 461,658,884 $6,196 $461,343,972 
(b) Non-controlling interest – Redeemable Partnership Units held by Brookfield
US$ MILLIONS, EXCEPT UNIT INFORMATIONAs of and for the six-month period ended June 30, 2024As of and for the 12-month period ended December 31, 2023
Carrying ValueUnitsCarrying ValueUnits
Opening balance$2,628 190,299,956 $2,728 193,587,223 
Conversion of RPU to LP  (100)(3,287,267)
Ending balance$2,628 190,299,956 $2,628 190,299,956 
(c) Non-controlling interest – BIPC exchangeable shares
US$ MILLIONS, EXCEPT UNIT INFORMATIONAs of and for the six-month period ended June 30, 2024As of and for the 12-month period ended December 31, 2023
Carrying ValueSharesCarrying ValueShares
Opening balance$2,512 131,872,066 $1,757 110,567,671 
Issued in conjunction with the acquisition of Triton  751 21,094,441 
Conversions1 119,046 209,954 
Ending balance$2,513 131,991,112 $2,512 $131,872,066 
Non-controlling interest – Exchangeable Units
US$ MILLIONS, EXCEPT UNIT INFORMATIONAs of and for the six-month period ended June 30, 2024As of and for the 12-month period ended December 31, 2023
Carrying ValueUnitsCarrying ValueUnits
Opening balance$393 6,086,026 $401 6,464,819 
Conversions(3)(239,646)(8)(378,793)
Ending balance(1)
$390 5,846,380 $393 $6,086,026 
1.Includes non-controlling interest attributable to Exchange LP unitholders and BIPC exchangeable LP unitholders.
(e) Non-controlling interest - Perpetual Subordinated Notes
Perpetual Subordinated Notes
US$ MILLIONS, EXCEPT UNIT INFORMATIONAs of and for the six-month period ended June 30, 2024As of and for the 12-month period ended December 31, 2023
Opening balance$293 $293 
Issued for cash — 
Ending balance$293 $293 
Preferred Unitholders’ Capital
US$ MILLIONS, EXCEPT UNIT INFORMATIONAs of and for the six-month period ended June 30, 2024As of and for the 12-month period ended December 31, 2023
Carrying ValueUnitsCarrying ValueUnits
Opening balance$918 43,901,312 $918 43,901,312 
Repurchased and cancelled  — — 
Ending balance$918 43,901,312 $918 43,901,312