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PROPERTY, PLANT AND EQUIPMENT (Tables) | 12 Months Ended
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Dec. 31, 2023
Property, plant and equipment [abstract] |
Disclosure of detailed information about property, plant and equipment |
US$ MILLIONS | Gross carrying amount |  | Accumulated depreciation |  | Accumulated fair value adjustments |  | Total
Balance at January 1, 2022 | $ | 3,935 |  |  | $ | (673) |  |  | $ | 1,541 |  |  | $ | 4,803 |
Additions, net of disposals | 435 |  |  | 5 |  |  | — |  |  | 440 |
Non-cash additions | 7 |  |  | (4) |  |  | — |  |  | 3 |
Depreciation expense | — |  |  | (110) |  |  | — |  |  | (110) |
Fair value adjustments | — |  |  | — |  |  | 100 |  |  | 100 |
Net foreign currency exchange differences | (430) |  |  | 75 |  |  | (163) |  |  | (518) |
Balance at December 31, 2022 | $ | 3,947 |  |  | $ | (707) |  |  | $ | 1,478 |  |  | $ | 4,718 |
Additions, net of disposals | 468 |  |  | 15 |  |  | — |  |  | 483 |
Acquisitions through business combinations(1) | 8,811 |  |  | — |  |  | — |  |  | 8,811 |
Non-cash additions | (11) |  |  | (5) |  |  | — |  |  | (16) |
Depreciation expense | — |  |  | (252) |  |  | — |  |  | (252) |
Fair value adjustments | — |  |  | — |  |  | 142 |  |  | 142 |
Net foreign currency exchange differences | 223 |  |  | (41) |  |  | 83 |  |  | 265 |
Balance at December 31, 2023 | $ | 13,438 |  |  | $ | (990) |  |  | $ | 1,703 |  |  | $ | 14,151 |
(1)See Note 4, Acquisition of Businesses, for additional information. The following table summarizes the valuation techniques and significant inputs for our company’s property, plant and equipment assets.
Dec. 31, 2023 |  | Dec. 31, 2022
Valuation Technique |  | Discount Rate |  | Terminal Value Multiple |  | Investment Horizon |  | Valuation Technique |  | Discount Rate |  | Terminal Value Multiple |  | Investment Horizon
Discounted cash flow model |  | 8% |  | 15x |  | 10 yrs |  | Discounted cash flow model |  | 7% |  | 18x |  | 10 yrs

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