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SUBSIDIARY PUBLIC ISSUERS (Tables)
12 Months Ended
Dec. 31, 2024
Subsidiary Public Issuer [Abstract]  
Condensed Financial Information
The following tables set forth consolidated summary financial information for our partnership, the Fincos and BIPC Holdings and the partnership’s subsidiaries other than the Fincos and BIPC Holdings:
For the year ended December 31, 2024
US$ MILLIONS
Our partnership(2)
The FincosBIPC Holdings
Subsidiaries of our
partnership other
than the Fincos, and BIPC Holdings(3)
Consolidating
adjustments(4)
Our partnership
consolidated
Revenues$ $ $ $ $21,039 $21,039 
Net income (loss) attributable to partnership(1)
57  34 357 (57)391 
For the year ended December 31, 2023     
Revenues$— $— $— $— $17,931 $17,931 
Net income (loss) attributable to partnership(1)
102 — 775 (343)(102)432 
For the year ended December 31, 2022     
Revenues$— $— $— $— $14,427 $14,427 
Net income (loss) attributable to partnership(1)
101 — — 407 (101)407 
As at December 31, 2024     
Current assets$ $ $ $ $9,607 $9,607 
Non-current assets5,915  4,962 8,530 75,576 94,983 
Current liabilities    10,903 10,903 
Non-current liabilities 3,392 815  59,627 63,834 
Non-controlling interests
Redeemable Partnership Units held by Brookfield    1,926 1,926 
BIPC exchangeable shares and class A.2 exchangeable shares    1,355 1,355 
Exchangeable units(5)
    62 62 
Perpetual subordinated notes    293 293 
In operating subsidiaries    20,568 20,568 
Preferred unitholders    918 918 
As at December 31, 2023     
Current assets$— $— $— $— $7,979 $7,979 
Non-current assets6,532 — 4,183 10,124 71,966 92,805 
Current liabilities— — — 216 11,489 11,705 
Non-current liabilities— 3,700 36 — 51,327 55,063 
Non-controlling interests
Redeemable Partnership Units held by Brookfield— — — — 2,190 2,190 
BIPC exchangeable shares— — — — 1,533 1,533 
Exchangeable units(5)
— — — — 72 72 
Perpetual subordinated notes— — — — 293 293 
In operating subsidiaries— — — — 23,661 23,661 
Preferred unitholders— — — — 918 918 
(1)Includes net income (loss) 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.
(2)Includes investments in all subsidiaries of our partnership under the equity method.
(3)Includes investments in all other subsidiaries of the Holding LP, Brookfield Infrastructure Holdings (Canada) Inc., Brookfield Infrastructure US Holdings I Corporation and BIP Bermuda Holdings I Limited and Brookfield Infrastructure LLC (“BI LLC”) under the equity method except for Brookfield Infrastructure US Holdings I Corporation’s (“US Holdco”) investment in BI LLC, which is presented on a combined basis as BI LLC is a guarantor of the notes issued after July 27, 2023. For the years ended December 31, 2024, and 2023, the presentation of US Holdco’s investment in BI LLC on a combined basis was equivalent to its presentation under the equity method.
(4)Includes elimination of intercompany transactions and balances necessary to present our partnership on a consolidated basis.
(5)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.