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FINANCIAL RISK MANAGEMENT (Tables)
 12 Months Ended
Dec. 31, 2024
Financial Instruments [Abstract]  
Disclosure of capital structure
The capital structure of Brookfield Infrastructure consists of debt, offset by cash and cash equivalents, and partnership capital comprised of issued capital and accumulated gains.
US$ MILLIONS20242023
Corporate borrowings$4,542 $4,911 
Non-recourse borrowings46,552 40,904 
Subsidiary and corporate borrowings51,094 45,815 
Preferred shares20 20 
Cash and cash equivalents(1)
(2,357)(2,488)
Consolidated net debt48,757 43,347 
Total partnership capital29,853 34,016 
Total capital and consolidated net debt$78,610 $77,363 
Consolidated net debt to capitalization ratio62 %56 %
(1)Includes current marketable securities.
Disclosure of liquidity management
Brookfield Infrastructure’s corporate liquidity as at December 31 was as follows:
US$ MILLIONS(1)
20242023
Corporate cash and financial assets$276 $812 
Availability under committed credit facilities(2)
3,225 3,175 
Commercial paper(850)(989)
Draws on credit facility(300)(222)
Commitments under credit facility(10)(8)
Corporate liquidity$2,341 $2,768 
(1)Liquidity managed by Brookfield Infrastructure L.P. and affiliated corporate entities.
(2)Includes a $2.2 billion (2023: $2.2 billion) committed corporate credit facility and a $1 billion (2023: $1 billion) credit facility with Brookfield. Refer to Note 20, Borrowings, for further details.
Disclosure of maturity analysis for financial liabilities
The following tables detail the contractual maturities for Brookfield Infrastructure’s financial liabilities. The tables reflect the undiscounted cash flows of financial liabilities based on the earliest date on which Brookfield Infrastructure can be required to pay. The tables include both interest and principal cash flows:
Less than
1 year		1-2 years2-5 years5+ yearsTotal
contractual
cash flows
December 31, 2024
US$ MILLIONS
Accounts payable and other liabilities$4,071 $49 $15 $208 $4,343 
Corporate borrowings850 — 1,587 2,134 4,571 
Non-recourse borrowings3,016 4,652 15,487 24,226 47,381 
Financial liabilities248 331 210 1,991 2,780 
Lease liabilities637 652 1,662 2,876 5,827 
Interest Expense:     
Corporate borrowings(1)
223 223 572 2,098 3,116 
Non-recourse borrowings2,847 2,670 6,104 4,741 16,362 
(1)Interest expense on Corporate borrowings include undiscounted interest obligations on $300 million, $250 million and $158 million of subordinated notes maturing March 15, 2055, May 24, 2081, and May 31, 2084 , with coupon rates of 6.8%, 5.0% and 7.3%, respectively.
Less than
1 year		1-2 years2-5 years5+ yearsTotal
contractual
cash flows
December 31, 2023
US$ MILLIONS
Accounts payable and other liabilities$4,076 $55 $7 $212 $4,350 
Corporate borrowings1,517 — 1,090 2,325 4,932 
Non-recourse borrowings4,668 2,802 18,301 16,172 41,943 
Financial liabilities344 99 269 2,163 2,875 
Lease liabilities499 468 1,202 2,340 4,509 
Interest Expense:     
Corporate borrowings(1)
181 179 408 1,286 2,054 
Non-recourse borrowings2,265 2,136 4,509 3,698 12,608 
(1)Interest expense on Corporate borrowings include undiscounted interest obligations on$250 million of subordinated notes maturing May 24, 2081, with coupon rates of 5.0%
Disclosure of sensitivity analysis for interest rate and foreign exchange risk
The sensitivity analyses below reflect Brookfield Infrastructure’s exposure to interest rates for both derivative and non-derivative instruments at the reporting date, assuming that a 50 basis point increase or decrease in rates takes place at the beginning of the financial year and is held constant throughout the reporting period. The sensitivity analyses assume a 50 basis point change to reflect the current methodology employed by Brookfield Infrastructure in assessing interest rate risk. Such parallel shift in the yield curve by 50 basis points would have had the following impact, assuming all other variables were held constant:
 2024
US$ MILLIONS50 bp decrease50 bp increase
Net income (loss) to the partnership(1)
$16 $(16)
Other comprehensive income (loss) to the partnership(1)
2 (2)
(1)Includes net income and other comprehensive income (loss) attributable to limited partners, the general partner, non-controlling interests - Redeemable Partnership Units held by Brookfield, non-controlling interests - Exchangeable units and non-controlling interests - BIPC exchangeable shares and class A.2 exchangeable shares.
The following tables detail Brookfield Infrastructure’s sensitivity to a 10% increase and decrease in the U.S. dollar against the relevant foreign currencies, with all other variables held constant as at reporting date. 10% is the sensitivity rate used when reporting foreign currency risk internally. The sensitivity analysis is performed as follows:
•Outstanding foreign currency denominated monetary items (excluding foreign exchange derivative contracts) are adjusted at period end for a 10% change in foreign currency rates from the rate at which they are translated;
•Foreign currency derivative contracts are measured as the change in fair value of the derivative as a result of a 10% change in the spot currency rate; and
•The impact on net income results from performing a sensitivity of a 10% change in foreign exchange rates applied to the profit or loss contribution from foreign operations.
 
Impact on Net Income to the Partnership(1)
 202420232022
US$ MILLIONS-10%10%-10%10%-10%10%
USD/AUD$6 $(6)$6 $(6)$7 $(7)
USD/EUR4 (4)1 (1)(1)1 
USD/GBP6 (6)8 (8)8 (8)
USD/COP1 (1)1 (1)1 (1)
USD/BRL21 (21)20 (20)17 (17)
USD/CAD1 (1)4 (4)21 (21)
USD/INR(3)3 1 (1)— — 
(1)Includes net income attributable to limited partners, the general partner, non-controlling interests - Redeemable Partnership Units held by Brookfield, non-controlling interests - Exchangeable units and non-controlling interests - BIPC exchangeable shares and class A.2 exchangeable shares.
 Impact on Partnership Capital
 20242023
US$ MILLIONS-10%10%-10%10%
USD/AUD$28 $(28)$66 $(66)
USD/GBP103 (103)108 (108)
USD/BRL69 (69)134 (134)
USD/PEN12 (12)12 (12)
Disclosure of foreign currency exposure
The tables below set out Brookfield Infrastructure’s currency exposure at December 31, 2024 and 2023:
2024
US$ MILLIONSUSDAUDGBPBRLCADEURCOPPENINRNZD & OtherTotal
Assets:           
Current assets$4,027 $543 $900 $919 $1,013 $767 $292 $— $1,074 $72 $9,607 
Non-current assets32,926 3,254 11,951 5,202 20,259 7,644 1,175 130 11,778 664 94,983 
$36,953 $3,797 $12,851 $6,121 $21,272 $8,411 $1,467 $130 $12,852 $736 $104,590 
Liabilities:           
Current liabilities$4,308 $454 $1,182 $776 $1,681 $711 $445 $— $1,280 $66 $10,903 
Non-current liabilities24,079 1,594 6,844 4,487 12,751 3,037 451 — 10,460 131 63,834 
28,387 2,048 8,026 5,263 14,432 3,748 896 — 11,740 197 74,737 
Non-controlling interest—Redeemable Partnership Units held by Brookfield
(486)303 576 242 328 630 18 31 155 129 1,926 
Non-controlling interest—BIPC exchangeable shares and class A.2 exchangeable shares(341)213 405 170 231 443 13 22 109 90 1,355 
Non-controlling interest—Exchangeable units(1)
(17)10 19 8 11 20 1 1 5 4 62 
Non-controlling interest—Other(2)
10,600 478 2,412 (157)5,466 2,023 495 (1)463 — 21,779 
Net investment attributable to limited partners and general partner
$(1,190)$745 $1,413 $595 $804 $1,547 $44 $77 $380 $316 $4,731 
2023
US$ MILLIONSUSDAUDGBPBRLCADEURCOPPENINRNZD & OtherTotal
Assets:           
Current assets$3,446 $193 $962 $766 $923 $683 $255 $130 $515 $106 $7,979 
Non-current assets30,178 3,833 11,491 5,231 22,235 7,036 1,288 1,295 9,617 601 92,805 
$33,624 $4,026 $12,453 $5,997 $23,158 $7,719 $1,543 $1,425 $10,132 $707 $100,784 
Liabilities:           
Current liabilities$5,124 $306 $1,066 $568 $2,026 $604 $182 $13 $1,710 $106 $11,705 
Non-current liabilities19,995 1,637 6,253 3,422 12,795 3,114 709 652 6,258 228 55,063 
25,119 1,943 7,319 3,990 14,821 3,718 891 665 7,968 334 66,768 
Non-controlling interest—Redeemable Partnership Units held by Brookfield
(731)375 644 319 727 466 22 31 248 89 2,190 
Non-controlling interest—BIPC exchangeable shares(513)262 451 223 509 326 16 22 174 63 1,533 
Non-controlling interest—Exchangeable units(1)
(23)12 21 10 24 15 1 1 8 3 72 
Non-controlling interest—Other(2)
11,552 518 2,447 676 5,303 2,057 559 631 1,129 — 24,872 
Net investment attributable to limited partners and general partner
$(1,780)$916 $1,571 $779 $1,774 $1,137 $54 $75 $605 $218 $5,349 
(1)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.
(2)Includes non-controlling interest attributable others in operating subsidies, preferred unitholders and perpetual subordinated notes.
The following tables detail Brookfield Infrastructure’s sensitivity to a 10% increase and decrease in the U.S. dollar against the relevant foreign currencies, with all other variables held constant as at reporting date. 10% is the sensitivity rate used when reporting foreign currency risk internally. The sensitivity analysis is performed as follows:
•Outstanding foreign currency denominated monetary items (excluding foreign exchange derivative contracts) are adjusted at period end for a 10% change in foreign currency rates from the rate at which they are translated;
•Foreign currency derivative contracts are measured as the change in fair value of the derivative as a result of a 10% change in the spot currency rate; and
•The impact on net income results from performing a sensitivity of a 10% change in foreign exchange rates applied to the profit or loss contribution from foreign operations.
 
Impact on Net Income to the Partnership(1)
 202420232022
US$ MILLIONS-10%10%-10%10%-10%10%
USD/AUD$6 $(6)$6 $(6)$7 $(7)
USD/EUR4 (4)1 (1)(1)1 
USD/GBP6 (6)8 (8)8 (8)
USD/COP1 (1)1 (1)1 (1)
USD/BRL21 (21)20 (20)17 (17)
USD/CAD1 (1)4 (4)21 (21)
USD/INR(3)3 1 (1)— — 
(1)Includes net income attributable to limited partners, the general partner, non-controlling interests - Redeemable Partnership Units held by Brookfield, non-controlling interests - Exchangeable units and non-controlling interests - BIPC exchangeable shares and class A.2 exchangeable shares.
 Impact on Partnership Capital
 20242023
US$ MILLIONS-10%10%-10%10%
USD/AUD$28 $(28)$66 $(66)
USD/GBP103 (103)108 (108)
USD/BRL69 (69)134 (134)
USD/PEN12 (12)12 (12)