XML 37 R13.htm IDEA: XBRL DOCUMENT
v3.25.1

SEGMENT INFORMATION | 12 Months Ended
--- | ---
Dec. 31, 2024
Operating Segments [Abstract] |
SEGMENT INFORMATION | SEGMENT INFORMATION IFRS 8, Operating Segments, requires operating segments to be determined based on information that is regularly reviewed by the Executive Management and the Board of Directors for the purpose of allocating resources to the segment and to assess its performance. The Chief Operating Decision Maker (“CODM”) uses Funds from Operations (“FFO”) in assessing performance and in making resource allocation decisions, which enable the determination of return on the equity deployed. We define FFO as net income excluding the impact of depreciation and amortization, deferred income taxes, mark-to-market gains (losses) and other income (expenses) that are not related to the revenue earning activities and are not normal, recurring cash operating items necessary for business operations. FFO includes balances attributable to the partnership generated by investments in associates and joint ventures accounted for using the equity method and excludes amounts attributable to non-controlling interests based on the economic interests held by non-controlling interests in consolidated subsidiaries.
FOR THE YEAR ENDED DECEMBER 31, 2024 US$ MILLIONS |  | Total attributable to Brookfield Infrastructure |  |  |  |  |  |
| Contribution from investments in associates |  | Attributable to non- controlling interest |  | As per IFRS financials(1)
| Utilities |  | Transport |  | Midstream |  | Data |  | Corporate |  | Total |
Revenues(2) |  | $ | 2,667 |  |  | $ | 2,505 |  |  | $ | 1,667 |  |  | $ | 903 |  |  | $ | — |  |  | $ | 7,742 |  |  | $ | (1,973) |  |  | $ | 15,270 |  |  | $ | 21,039 |
Costs attributed to revenues(3) |  | (1,415) |  |  | (859) |  |  | (693) |  |  | (306) |  |  | — |  |  | (3,273) |  |  | 580 |  |  | (9,339) |  |  | (12,032) |
General and administrative costs |  | — |  |  | — |  |  | — |  |  | — |  |  | (405) |  |  | (405) |  |  | — |  |  | — |  |  | (405) |
Other (expense) income |  | (118) |  |  | (23) |  |  | (5) |  |  | 2 |  |  | 198 |  |  | 54 |  |  | 59 |  |  | (351) |  |  | (238) |
Interest expense |  | (374) |  |  | (399) |  |  | (344) |  |  | (266) |  |  | (267) |  |  | (1,650) |  |  | 393 |  |  | (2,130) |  |  | (3,387) |
FFO |  | 760 |  |  | 1,224 |  |  | 625 |  |  | 333 |  |  | (474) |  |  | 2,468 |  |  |  |  |  |  |
Depreciation and amortization |  | (1,681) |  |  | 468 |  |  | (2,431) |  |  | (3,644) |
Deferred taxes |  | 57 |  |  | (22) |  |  | 289 |  |  | 324 |
Mark-to-market on hedging items and other |  | (453) |  |  | 56 |  |  | (16) |  |  | (413) |
Share of earnings from associates |  | — |  |  | 439 |  |  | — |  |  | 439 |
Net income attributable to non-controlling interest |  | — |  |  | — |  |  | (1,292) |  |  | (1,292) |
Net income attributable to partnership(4) |  | $ | 391 |  |  | $ | — |  |  | $ | — |  |  | $ | 391 |
FOR THE YEAR ENDED DECEMBER 31, 2023 US$ MILLIONS |  | Total attributable to Brookfield Infrastructure |  |  |  |  |  |
| Contribution from investments in associates |  | Attributable to non- controlling interest |  | As per IFRS financials(1)
| Utilities |  | Transport |  | Midstream |  | Data |  | Corporate |  | Total |
Revenues(2) |  | $ | 2,655 |  |  | $ | 2,065 |  |  | $ | 1,736 |  |  | $ | 668 |  |  | $ | — |  |  | $ | 7,124 |  |  | $ | (2,125) |  |  | $ | 12,932 |  |  | $ | 17,931 |
Costs attributed to revenues(3) |  | (1,328) |  |  | (830) |  |  | (741) |  |  | (221) |  |  | — |  |  | (3,120) |  |  | 783 |  |  | (8,394) |  |  | (10,731) |
General and administrative costs |  | — |  |  | — |  |  | — |  |  | — |  |  | (413) |  |  | (413) |  |  | — |  |  | — |  |  | (413) |
Other (expense) income |  | (115) |  |  | (11) |  |  | (23) |  |  | — |  |  | 186 |  |  | 37 |  |  | 47 |  |  | (336) |  |  | (252) |
Interest expense |  | (333) |  |  | (336) |  |  | (288) |  |  | (172) |  |  | (211) |  |  | (1,340) |  |  | 372 |  |  | (1,533) |  |  | (2,501) |
FFO |  | 879 |  |  | 888 |  |  | 684 |  |  | 275 |  |  | (438) |  |  | 2,288 |  |  |  |  |  |  |
Depreciation and amortization |  | (1,429) |  |  | 477 |  |  | (1,787) |  |  | (2,739) |
Deferred taxes |  | (30) |  |  | (18) |  |  | 43 |  |  | (5) |
Mark-to-market on hedging items and other |  | (397) |  |  | 5 |  |  | 91 |  |  | (301) |
Share of earnings from associates |  | — |  |  | 459 |  |  | — |  |  | 459 |
Net income attributable to non-controlling interest |  | — |  |  | — |  |  | (1,016) |  |  | (1,016) |
Net income attributable to partnership(4) |  | $ | 432 |  |  | $ | — |  |  | $ | — |  |  | $ | 432 |
FOR THE YEAR ENDED DECEMBER 31, 2022 US$ MILLIONS |  | Total attributable to Brookfield Infrastructure |  | Contribution from investments in associates |  | Attributable to non- controlling interest |  | As per IFRS financials(1)
| Utilities |  | Transport |  | Midstream |  | Data |  | Corporate |  | Total |
Revenues(2) |  | $ | 1,872 |  |  | $ | 1,855 |  |  | $ | 1,661 |  |  | $ | 586 |  |  | $ | — |  |  | $ | 5,974 |  |  | $ | (2,470) |  |  | $ | 10,923 |  |  | $ | 14,427 |
Costs attributed to revenues(3) |  | (771) |  |  | (773) |  |  | (724) |  |  | (241) |  |  | — |  |  | (2,509) |  |  | 1,241 |  |  | (7,084) |  |  | (8,352) |
General and administrative costs |  | — |  |  | — |  |  | — |  |  | — |  |  | (433) |  |  | (433) |  |  | — |  |  | — |  |  | (433) |
Other (expense) income |  | (86) |  |  | (6) |  |  | (3) |  |  | 7 |  |  | 134 |  |  | 46 |  |  | 29 |  |  | (313) |  |  | (238) |
Interest expense |  | (276) |  |  | (282) |  |  | (191) |  |  | (113) |  |  | (129) |  |  | (991) |  |  | 314 |  |  | (1,178) |  |  | (1,855) |
FFO |  | 739 |  |  | 794 |  |  | 743 |  |  | 239 |  |  | (428) |  |  | 2,087 |  |  |  |  |  |  |
Depreciation and amortization |  | (1,282) |  |  | 507 |  |  | (1,383) |  |  | (2,158) |
Deferred taxes |  | (113) |  |  | (15) |  |  | 42 |  |  | (86) |
Mark-to-market on hedging items and other |  | (285) |  |  | 382 |  |  | (39) |  |  | 58 |
Share of earnings from associates |  | — |  |  | 12 |  |  | — |  |  | 12 |
Net income attributable to non-controlling interest |  | — |  |  | — |  |  | (968) |  |  | (968) |
Net income attributable to partnership(4) |  | $ | 407 |  |  | $ | — |  |  | $ | — |  |  | $ | 407 |
(1)The above table reconciles Brookfield Infrastructure’s share of results to our partnership’s 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)Revenues on a consolidated basis were $8,295 million (2023: $7,862 million, 2022: $5,238 million) from our utilities segment, $4,969 million (2023: $3,897 million, 2022: $3,533 million) from our transport segment, $4,352 million (2023: $4,205 million, 2022: $3,957 million) from our midstream segment and $3,423 million (2023: $1,967 million, 2022: $1,699 million) from our data segment. (3)Costs attributed to revenues exclude depreciation and amortization expense. Refer to Note 24, Direct Operating Costs, for further details. (4)Includes net income attributable to limited partners, the general partner, non-controlling interests - Redeemable Partnership Units held by Brookfield, non-controlling interests - Exchange LP Units, non-controlling interests - BIPC exchangeable LP units and non-controlling interests - BIPC exchangeable shares and class A.2 exchangeable shares. Segment assets For the purpose of monitoring segment performance and allocating resources between segments, the CODM monitors the assets, including investments accounted for using the equity method, attributable to each segment. The following is an analysis of Brookfield Infrastructure’s assets by reportable operating segment:
|  | Total Attributable to Brookfield Infrastructure |  |  |  |  |  |  |  |
|  | Contribution from investments in associates |  | Attributable to non- controlling interest |  | Working capital adjustment and other |  | As per IFRS financials(1)
AS AT DECEMBER 31, 2024 US$ MILLIONS |  | Utilities |  | Transport |  | Midstream |  | Data |  | Corporate |  | Brookfield Infrastructure |
Total assets |  | $ | 8,911 |  |  | $ | 11,720 |  |  | $ | 9,658 |  |  | $ | 9,358 |  |  | $ | (2,731) |  |  | $ | 36,916 |  |  | $ | (7,534) |  |  | $ | 66,461 |  |  | $ | 8,747 |  |  | $ | 104,590 |
|  | Total Attributable to Brookfield Infrastructure |  |  |  |  |  |  |  |
|  | Contribution from investments in associates |  | Attributable to non- controlling interest |  | Working capital adjustment and other |  | As per IFRS financials(1)
AS AT DECEMBER 31, 2023 US$ MILLIONS |  | Utilities |  | Transport |  | Midstream |  | Data |  | Corporate |  | Brookfield Infrastructure |
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. Geographic Information Revenues from external customers Substantially all of our partnership’s revenues are recognized over time as services are rendered. The following table disaggregates revenues by geographical region:
US$ MILLIONS |  | 2024 |  | 2023 |  | 2022
United States |  | $ | 5,098 |  |  | $ | 4,175 |  |  | $ | 2,840 |
Canada |  | 4,763 |  |  | 4,611 |  |  | 4,438 |
India |  | 2,518 |  |  | 1,945 |  |  | 1,878 |
United Kingdom |  | 2,417 |  |  | 2,194 |  |  | 1,604 |
Brazil |  | 1,416 |  |  | 1,522 |  |  | 1,538 |
Colombia |  | 1,153 |  |  | 996 |  |  | 900 |
France |  | 749 |  |  | 442 |  |  | — |
Australia |  | 543 |  |  | 678 |  |  | 666 |
Germany |  | 312 |  |  | 185 |  |  | 107 |
Other |  | 2,070 |  |  | 1,183 |  |  | 456 |
|  | $ | 21,039 |  |  | $ | 17,931 |  |  | $ | 14,427 |
Brookfield Infrastructure’s customer base is comprised predominantly of investment grade companies. Our revenues are well diversified by region and counterparty. For the year ended December 31, 2024, no customer made up greater than 10% of our partnership’s consolidated revenues. For 2023 no customer made up greater than 10% of our partnership’s consolidated revenues and for 2022, one customer within the utilities and data segments generated greater than 10% of our partnership’s consolidated revenues of $1,501 million. Our partnership has completed a review of the credit risk of key counterparties. Based on their liquidity position, business performance, and aging of our accounts receivable, we do not have any significant changes in expected credit losses at this time. Non-current assets
US$ MILLIONS |  | 2024 |  | 2023
Canada |  | $ | 21,519 |  |  | $ | 23,114 |
United States |  | 22,106 |  |  | 17,702 |
United Kingdom |  | 11,902 |  |  | 11,535 |
India |  | 11,816 |  |  | 9,669 |
Brazil |  | 5,216 |  |  | 5,237 |
France |  | 5,017 |  |  | 5,153 |
Australia |  | 3,258 |  |  | 3,826 |
Switzerland |  | 1,897 |  |  | 2,197 |
Singapore |  | 2,092 |  |  | 1,687 |
Colombia |  | 1,175 |  |  | 1,288 |
Other |  | 8,985 |  |  | 11,397 |
|  | $ | 94,983 |  |  | $ | 92,805 |

X
- Definition Operating Segments [Abstract] + References No definition available. + Details
Name: | bip_OperatingSegmentsAbstract
Namespace Prefix: | bip_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 8 -IssueDate 2024-01-01 -Section Disclosure -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=8&code=ifrs-tx-2024-en-r&doctype=Standard&dita_xref=IFRS08_g20-24_TI -URIDate 2024-03-27 + Details
Name: | ifrs-full_DisclosureOfEntitysReportableSegmentsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-2022:textBlockItemType
Balance Type: | na
Period Type: | duration