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GOODWILL (Tables) | 12 Months Ended
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Dec. 31, 2023
Intangible Assets [Abstract] |
Disclosure of reconciliation of changes in intangible assets and goodwill |
|  | As of
US$ MILLIONS |  | Dec. 31, 2023 |  | Dec. 31, 2022
Cost |  | $ | 4,657 |  |  | $ | 3,629 |
Accumulated amortization |  | (958) |  |  | (782) |
Total |  | $ | 3,699 |  |  | $ | 2,847 |
The following table presents the change in the cost balance of intangible assets:
|  | For the year ended
US$ MILLIONS |  | Dec. 31, 2023 |  | Dec. 31, 2022
Cost at beginning of the year |  | $ | 3,629 |  |  | $ | 3,332 |
Acquisitions through business combinations(1) |  | 710 |  |  | — |
Additions, net of disposals |  | 36 |  |  | 81 |
Foreign currency translation |  | 282 |  |  | 216 |
Cost at end of year |  | $ | 4,657 |  |  | $ | 3,629 |
(1)See Note 4, Acquisition of Businesses, for additional information. The following table presents the accumulated amortization for our company’s intangible assets:
|  | For the year ended
US$ MILLIONS |  | Dec. 31, 2023 |  | Dec. 31, 2022
Accumulated amortization at beginning of year |  | $ | (782) |  |  | $ | (645) |
Amortization |  | (113) |  |  | (101) |
Foreign currency translation |  | (63) |  |  | (36) |
Accumulated amortization at end of year |  | $ | (958) |  |  | $ | (782) |
The following table presents the carrying amount for our company’s goodwill:
|  | As of
US$ MILLIONS |  | Dec. 31, 2023 |  | Dec. 31, 2022
Balance at beginning of the year |  | $ | 518 |  |  | $ | 489 |
Acquisitions through business combinations(1) |  | 1,163 |  |  | — |
Foreign currency translation and other |  | 45 |  |  | 29 |
Balance at end of the year |  | $ | 1,726 |  |  | $ | 518 |
(1)See Note 4, Acquisition of Businesses, for additional information.
Disclosure of detailed information about intangible assets | Intangible assets are allocated to the following cash generating units:
|  | As of
US$ MILLIONS |  | Dec. 31, 2023 |  | Dec. 31, 2022
Brazilian regulated gas transmission operation |  | $ | 2,970 |  |  | $ | 2,816 |
Global intermodal logistics operation(1) |  | 704 |  |  | — |
U.K. regulated distribution operation |  | 25 |  |  | 31 |
Total |  | $ | 3,699 |  |  | $ | 2,847 |
(1)See Note 4, Acquisition of Businesses, for additional information. Goodwill is allocated to the following cash generating units or group of cash generating units:
|  | As of
US$ MILLIONS |  | Dec. 31, 2023 |  | Dec. 31, 2022
Global intermodal logistics operation(1) |  | $ | 1,163 |  |  | $ | — |
Brazilian regulated gas transmission operation |  | 526 |  |  | 488 |
U.K. regulated distribution operation |  | 37 |  |  | 30 |
Total |  | $ | 1,726 |  |  | $ | 518 |
(1)See Note 4, Acquisition of Businesses, for additional information.

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