ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

12 Months Ended

Dec. 31, 2024

Disclosure of analysis of other comprehensive income by item [abstract]

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

(a)Attributable to Limited Partners


US$ MILLIONS	Revaluation Surplus		Foreign Currency Translation		Net Investment Hedges		Cash Flow Hedges		Marketable Securities		Unrealized Actuarial (Losses) Gains		Equity accounted investments		Accumulated Other Comprehensive Income
Balance at December 31, 2022	$	774	$	(1,741)	$	115	$	87	$	125	$	3	$	1,118	$	481
Other comprehensive income (loss)	144		190		(12)		(48)		—		(3)		(52)		219
Equity issuance(1)	(15)		36		(2)		(3)		(3)		(1)		(17)		(5)
Other items	—		—		—		—		—		—		(19)		(19)
Balance at December 31, 2023	$	903	$	(1,515)	$	101	$	36	$	122	$	(1)	$	1,030	$	676
Other comprehensive income (loss)	264		(419)		23		17		—		6		211		102


Balance at December 31, 2024	$	1,167	$	(1,934)	$	124	$	53	$	122	$	5	$	1,241	$	778

(b)Attributable to General Partner


US$ MILLIONS	Revaluation Surplus		Foreign Currency Translation		Net Investment Hedges		Cash Flow Hedges		Marketable Securities		Unrealized Actuarial Gains		Equity accounted investments		Accumulated Other Comprehensive Income
Balance at December 31, 2022	$	4	$	(9)	$	—	$	—	$	1	$	—	$	6	$	2
Other comprehensive income	1		1		—		—		—		—		—		2
Equity issuance(1)	—		(1)		1		—		—		—		—		—

Balance at December 31, 2023	$	5	$	(9)	$	1	$	—	$	1	$	—	$	6	$	4
Other comprehensive income	1		(2)		—		—		—		—		2		1


Balance at December 31, 2024	$	6	$	(11)	$	1	$	—	$	1	$	—	$	8	$	5

(c)Attributable to Non-controlling interest—Redeemable Partnership Units held by Brookfield


US$ MILLIONS	Revaluation Surplus		Foreign Currency Translation		Net Investment Hedges		Cash Flow Hedges		Marketable Securities		Unrealized Actuarial (Losses) Gains		Equity accounted investments		Accumulated Other Comprehensive Income
Balance at December 31, 2022	$	326	$	(726)	$	49	$	36	$	53	$	(1)	$	473	$	210
Other comprehensive income (loss)	60		79		(6)		(20)		—		(1)		(22)		90
Equity issuance(1)	(14)		23		(2)		(1)		(3)		2		(19)		(14)
Other items	—		—		—		—		—		—		(9)		(9)
Balance at December 31, 2023	$	372	$	(624)	$	41	$	15	$	50	$	—	$	423	$	277
Other comprehensive income (loss)	109		(173)		9		7		—		3		87		42


Balance at December 31, 2024	$	481	$	(797)	$	50	$	22	$	50	$	3	$	510	$	319

(d) Attributable to Non-controlling interest—BIPC exchangeable shares and class A.2 exchangeable shares


US$ MILLIONS	Revaluation Surplus		Foreign Currency Translation		Net Investment Hedges		Cash Flow Hedges		Marketable Securities		Unrealized Actuarial (Losses) Gains		Equity accounted investments		Accumulated Other Comprehensive Income
Balance at December 31, 2022	$	186	$	(415)	$	28	$	20	$	30	$	1	$	268	$	118
Other comprehensive income (loss)	41		55		(3)		(14)		—		(1)		(16)		62
Equity issuance(1)	30		(64)		4		4		5		(1)		41		19
Other items	—		—		—		—		—		—		(4)		(4)
Balance at December 31, 2023	$	257	$	(424)	$	29	$	10	$	35	$	(1)	$	289	$	195
Other comprehensive income (loss)	75		(120)		7		5		—		2		59		28


Balance at December 31, 2024	$	332	$	(544)	$	36	$	15	$	35	$	1	$	348	$	223

(e) Attributable to Non-controlling interest—Exchangeable units(2)


US$ MILLIONS	Revaluation Surplus		Foreign Currency Translation		Net Investment Hedges		Cash Flow Hedges		Marketable Securities		Unrealized Actuarial Gains		Equity accounted investments		Accumulated Other Comprehensive Income
Balance at December 31, 2022	$	11	$	(28)	$	2	$	1	$	1	$	—	$	19	$	6
Other comprehensive income (loss)	2		1		—		(1)		—		—		1		3
Equity issuance(1)	(1)		9		(1)		—		—		—		(7)		—

Balance at December 31, 2023	$	12	$	(18)	$	1	$	—	$	1	$	—	$	13	$	9
Other comprehensive income (loss)	3		(4)		—		—		—		—		2		1


Balance at December 31, 2024	$	15	$	(22)	$	1	$	—	$	1	$	—	$	15	$	10

(1)In relation to the issuance of BIPC exchangeable shares, accumulated other comprehensive income was reallocated between all components of equity. Refer to Note 28, Partnership Capital, for further details.

(2)Includes non-controlling interest attributable to Exchange LP Units and BIPC Exchangeable LP Units. Refer to Note 1, Organization and Description of the Business, for further details.