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UNAUDITED INTERIM CONDENSED AND CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Operating Activities        
Net (loss) income $ 252 $ 184 $ 778 $ 998
Adjusted for the following items:        
Earnings from investments in associates and joint ventures, net of distributions received 87 (11) 228 2
Depreciation and amortization expense 941 882 1,901 1,818
Mark-to-market, provisions and other 28 69 (120) (284)
Deferred income tax recovery (44) (51) (82) (201)
Changes in non-cash working capital, net (75) (16) (648) (435)
Cash from operating activities 1,189 1,057 2,057 1,898
Investing Activities        
Acquisition of subsidiaries, net of cash acquired (169) 0 (169) (708)
Disposal of subsidiaries, net of cash disposed 0 27 431 77
Investments in associates and joint ventures 0 350 0 350
Disposal of investments in associates and joint ventures 674 0 674 0
Purchase of long-lived assets (1,020) (991) (1,890) (2,562)
Disposal of long-lived assets 60 129 132 217
Purchase of financial assets (35) (209) (38) (387)
Sale of financial assets 26 303 264 504
Net settlement of foreign exchange hedging items (16) (14) (18) (9)
Other investing activities 20 (82) 50 (128)
Cash used by investing activities (460) (1,187) (564) (3,346)
Financing Activities        
Distributions to general partner (81) (74) (162) (148)
Distributions to other unitholders (355) (337) (711) (674)
Subsidiary distributions to non-controlling interest (460) (405) (755) (669)
Capital provided to non-controlling interest (396) (732) (516) (2,105)
Proceeds from corporate borrowings 178 153 178 153
Repayment of corporate borrowings 0 0 0 (531)
Net (repayment) proceeds from commercial paper program (31) 5 295 (3)
Proceeds from corporate credit facility 969 1,043 1,916 2,134
Repayment of corporate credit facility (1,016) (1,025) (2,103) (1,491)
Proceeds from non-recourse borrowings 3,171 6,037 4,866 11,830
Repayment of non-recourse borrowings (1,537) (4,608) (3,795) (6,872)
Preferred units redeemed (90) 0 (90) 0
Partnership units repurchased, net of costs and issuances (26) 3 (24) 6
Lease liability repaid (117) (98) (230) (228)
Other financing activities (104) (38) (166) (421)
Cash from (used by) financing activities 105 (76) (1,297) 981
Cash and cash equivalents        
Change during the period 834 (206) 196 (467)
Cash reclassified as assets held for sale 11 0 (28) 0
Impact of foreign exchange on cash and other 34 (48) 103 (64)
Balance, beginning of year 1,463 1,580 2,071 1,857
Balance, end of year $ 2,342 $ 1,326 $ 2,342 $ 1,326