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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating Activities      
Net income $ 1,683 $ 1,448 $ 1,375
Adjusted for the following items:      
Earnings from investments in associates and joint ventures, net of distributions received (156) 323 563
Depreciation and amortization expense 3,644 2,739 2,158
Mark-to-market, provisions and other 32 201 (147)
Deferred income tax expense (324) 5 86
Changes in non-cash working capital, net (226) (638) (904)
Cash from operating activities 4,653 4,078 3,131
Investing Activities      
Acquisition of subsidiaries, net of cash acquired (2,523) (10,747) (479)
Disposal of subsidiaries and assets held for sale, net of cash disposed 77 602 198
Investments in associates and joint ventures (350) (1,098) (864)
Disposal of investments in associates and joint ventures 0 1,107 275
Purchase of long lived assets (4,975) (2,487) (2,775)
Disposal of long lived assets 609 162 41
Purchase of financial assets (677) (524) (659)
Sale of financial assets 1,027 715 720
Net settlement of foreign exchange hedging items 37 0 178
Other inflows (outflows) of cash (126) (720) 0
Cash used by investing activities (6,901) (12,990) (3,365)
Financing Activities      
Distributions to general partner (296) (269) (244)
Distributions to other unitholders (1,348) (1,247) (1,174)
Subsidiary distributions to non-controlling interest (1,454) (2,247) (751)
Capital provided (to) by non-controlling interest (1,724) 8,195 293
Disposal of partial interest to non-controlling interest, net of taxes. 0 124 0
Net (repayment) proceeds from commercial paper program (139) 525 33
Proceeds from corporate borrowings 448 513 995
Repayment of corporate borrowings (531) 0 0
Proceeds from corporate credit facility 2,842 6,320 3,225
Repayment of corporate credit facility (2,764) (6,194) (3,129)
Proceeds from non-recourse borrowings 24,322 13,703 8,885
Repayment of non-recourse borrowings (15,607) (9,213) (6,392)
Settlement of deferred consideration 0 0 (1,224)
Net preferred units (redeemed) issued 0 0 (243)
Partnership units repurchased, net of costs and issuances 11 (13) 13
Lease liability repaid (415) (283) (233)
Other financing activity (733) (495) 2
Cash from financing activities 2,612 9,419 56
Cash and cash equivalents      
Change during the year 364 507 (178)
Impact of foreign exchange on cash (150) 71 88
Cash reclassified as held for sale 0 0 (37)
Balance, beginning of year 1,857 1,279 1,406
Balance, end of year $ 2,071 $ 1,857 $ 1,279