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UNAUDITED INTERIM CONDENSED AND CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Operating Activities        
Net (loss) income $ 489 $ 252 $ 637 $ 778
Adjusted for the following items:        
Earnings from investments in associates and joint ventures, net of distributions received 58 87 201 228
Depreciation and amortization expense 1,095 941 2,170 1,901
Mark-to-market, provisions and other (176) 28 40 (120)
Deferred income tax expense (recovery) 35 (44) (16) (82)
Changes in non-cash working capital, net (8) (75) (646) (648)
Cash from operating activities 1,493 1,189 2,386 2,057
Investing Activities        
Acquisition of subsidiaries, net of cash acquired 0 (169) 0 (169)
Disposal of subsidiaries, net of cash disposed 1,067 0 2,144 431
Investments in associates and joint ventures (314) 0 (314) 0
Disposal of investments in associates and joint ventures 66 674 66 674
Purchase of long-lived assets (1,291) (1,020) (3,404) (1,890)
Disposal of long-lived assets 67 60 148 132
Purchase of financial assets (281) (35) (437) (38)
Sale of financial assets 254 26 445 264
Net settlement of foreign exchange hedging items (49) (16) (67) (18)
Other investing activities (10) 20 (66) 50
Cash used by investing activities (491) (460) (1,485) (564)
Financing Activities        
Distributions to general partner (88) (81) (176) (162)
Distributions to other unitholders (373) (355) (746) (711)
Subsidiary distributions to non-controlling interest (526) (460) (895) (755)
Capital provided to non-controlling interest (865) (396) (1,299) (516)
Proceeds from corporate borrowings 0 178 0 178
Net (repayment) proceeds from commercial paper program (282) (31) (268) 295
Proceeds from corporate credit facility 700 969 802 1,916
Repayment of corporate credit facility (76) (1,016) (102) (2,103)
Proceeds from non-recourse borrowings 4,691 3,171 8,054 4,866
Repayment of non-recourse borrowings (3,449) (1,537) (6,136) (3,795)
Preferred units redeemed 0 (90) 0 (90)
Exchangeable shares issued, net of unit repurchases 3 (26) 32 (24)
Lease liability repaid (117) (117) (234) (230)
Other financing activities 47 (104) (8) (166)
Cash from (used by) financing activities (335) 105 (976) (1,297)
Cash and cash equivalents        
Change during the period 667 834 (75) 196
Cash reclassified as assets held for sale (8) 11 (8) (28)
Impact of foreign exchange on cash and other (32) 34 (33) 103
Balance, beginning of year 2,458 1,463 3,201 2,071
Balance, end of year $ 3,085 $ 2,342 $ 3,085 $ 2,342