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UNAUDITED INTERIM CONDENSED AND CONSOLIDATED STATEMENTS OF OPERATING RESULTS - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2025 | Jun. 30, 2024 | Jun. 30, 2025 | Jun. 30, 2024
Profit or loss [abstract] |  |  |  |  |
Revenues |  | $ 5,429 | $ 5,138 | $ 10,821 | $ 10,325
Direct operating costs |  | (3,995) | (3,875) | (7,959) | (7,788)
General and administrative expenses |  | (108) | (92) | (205) | (189)
Profit (loss) from operating activities |  | 1,326 | 1,171 | 2,657 | 2,348
Interest expense |  | (909) | (826) | (1,808) | (1,620)
Share of (losses) earnings from investments in associates and joint ventures |  | (12) | 95 | 111 | 136
Mark-to-market losses |  | (139) | (42) | (265) | (38)
Other income (expense) |  | 143 | (133) | 392 | 265
Income before income tax |  | 409 | 265 | 1,087 | 1,091
Income tax (expense) recovery |  |  |  |  |
Current |  | (201) | (132) | (391) | (294)
Deferred |  | 44 | 51 | 82 | 201
Net (loss) income |  | 252 | 184 | 778 | 998
Attributable to: |  |  |  |  |
Limited partners |  | (6) | (38) | 20 | 18
General partner |  | 80 | 73 | 160 | 147
Non-controlling interest attributable to: |  |  |  |  |
Redeemable Partnership Units held by Brookfield |  | (3) | (16) | 9 | 7
BIPC exchangeable shares and class A.2 exchangeable shares |  | (2) | (11) | 5 | 5
Exchangeable units | [1] | 0 | 0 | 0 | 1
Interest of others in operating subsidiaries |  | $ 183 | $ 176 | $ 584 | $ 820
Basic and diluted (loss) income per limited partner unit: |  |  |  |  |
Basic (loss) income per limited partner unit (in dollars per share) |  | $ (0.03) | $ (0.10) | $ 0.01 | $ 0
Diluted (loss) income per limited partner unit (in dollars per share) |  | $ (0.03) | $ (0.10) | $ 0.01 | $ 0
[1] | 1.Includes non-controlling interest attributable to Exchange LP units and BIPC exchangeable LP units.

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