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CAPITAL MANAGEMENT (Tables)
12 Months Ended
Dec. 31, 2024
Disclosure of Capital Management [Abstract]  
Schedule of invested capital We define Invested Capital as partnership capital removing the impact of the following items: non-controlling interest - in operating subsidiaries, retained earnings or deficit, accumulated other comprehensive income and ownership changes.
US$ MILLIONS20242023
Partnership Capital$29,853 $34,016 
Remove impact of the following items since inception:
Non-controlling interest - in operating subsidiaries(20,568)(23,661)
Deficit5,674 4,419 
Accumulated other comprehensive income(1,335)(1,161)
Ownership changes(653)(581)
Invested Capital$12,971 $13,032 
The following table presents the change in Invested Capital during year ended December 31, 2024 and 2023:
For the year ended December 31,
US$ MILLIONS20242023
Opening balance$13,032 $12,281 
Net redemption of preferred units(72)— 
Issuance of limited partnership units, net of redemptions11 — 
Issuance of BIPC exchangeable LP Units 751 
Ending balance$12,971 $13,032 
Weighted Average Invested Capital
$13,032 $12,478