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BORROWINGS (Tables)
 12 Months Ended
Dec. 31, 2021
Financial Instruments [Abstract]  
Disclosure of detailed information about borrowings
The current and non-current balances of non-recourse borrowings are as follows:
As of
US$ MILLIONSDec. 31, 2021Dec. 31, 2020
Current$— $11 
Non-current3,556 3,466 
Total$3,556 $3,477 
Principal repayments on non-recourse borrowings due over the next five years and thereafter are as follows:
US$ MILLIONSTotal
2022$— 
20231,276 
2024— 
2025156 
2026115 
Thereafter2,016 
Total principal repayments3,563 
Deferred financing costs and other(7)
Total - Dec. 31, 2021$3,556 
Total - Dec. 31, 2020$3,477 
The weighted average interest rates of non-recourse borrowings are as follows:
As of December 31,
20212020
Weighted average interest rates4 %3 %
Principal repayments on non-recourse borrowings in their local currency are as follows:
US$ MILLIONS, except as notedDec. 31, 2021Local CurrencyDec. 31, 2020Local Currency
U.S. dollars$300 USD300 $300 USD$300 
British pounds2,043 GBP1,510 2,174 GBP1,590 
Brazilian real1,220 BRL6,807 1,012 BRL5,260 
Disclosure of reconciliation of liabilities arising from financing activities
Details of the “Changes in liabilities from financing activities”, including both changes arising from cash flows and non-cash changes are as follows:
US$ MILLIONSDec. 31, 2021Cash FlowsForeign Exchange MovementDec. 31, 2020
Non-recourse borrowings3,556 166 (87)3,477 
US$ MILLIONSDec. 31, 2020Cash FlowsForeign Exchange MovementDec. 31, 2019
Non-recourse borrowings3,477 171 (220)3,526