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DIRECT OPERATING COSTS | 6 Months Ended
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Jun. 30, 2026
Expenses by nature [abstract] |
DIRECT OPERATING COSTS | DIRECT OPERATING COSTS Direct operating costs are costs incurred to earn revenue and include all attributable expenses. The following table lists direct operating costs for the three and six-month periods ended June 30, 2026, and 2025.
|  | For the three-month period ended June 30 |  | For the six-month period ended June 30
US$ MILLIONS |  | 2026 |  | 2025 |  | 2026 |  | 2025
Depreciation and amortization |  | $ | 1,095 |  |  | $ | 941 |  |  | $ | 2,170 |  |  | $ | 1,901 |
Cost of inventory |  | 1,040 |  |  | 587 |  |  | 1,828 |  |  | 1,209 |
Compensation |  | 819 |  |  | 792 |  |  | 1,654 |  |  | 1,545 |
Fuel, transportation and distribution costs |  | 587 |  |  | 527 |  |  | 1,119 |  |  | 1,058 |
Operations and maintenance costs |  | 496 |  |  | 325 |  |  | 988 |  |  | 623 |
Marketing and administrative costs |  | 343 |  |  | 299 |  |  | 694 |  |  | 573 |
Utilities |  | 249 |  |  | 288 |  |  | 516 |  |  | 570 |
Other direct operating costs |  | 263 |  |  | 236 |  |  | 528 |  |  | 480 |
Total |  | $ | 4,892 |  |  | $ | 3,995 |  |  | $ | 9,497 |  |  | $ | 7,959 |

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