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RELATED PARTY TRANSACTIONS (Details) |  |  | 12 Months Ended |  |
--- | --- | --- | --- | --- | ---
Aug. 31, 2023 USD ($) | Sep. 23, 2022 USD ($) | Dec. 31, 2023 USD ($) agreement $ / shares | Dec. 31, 2022 USD ($) | Dec. 31, 2021 USD ($) | Mar. 28, 2023 USD ($) | Mar. 31, 2020 USD ($)
Disclosure of transactions between related parties [line items] |  |  |  |  |  |  |
Asset management fee as percent per quarter |  |  | 0.3125% |  |  |  |
Asset management fee, percent |  |  | 1.25% |  |  |  |
Related party, equity commitment |  |  | $ 1,000,000,000 |  |  |  |
Preferred shares, subscription price (in dollars per share) | $ / shares |  |  | $ 25.00 |  |  |  |
Amount called on the equity commitment |  |  | $ 0 | $ 0 |  |  |
Due from Brookfield Infrastructure |  |  | 1,288,000,000 | 566,000,000 |  |  |
Loans payable to Brookfield Infrastructure |  |  | 26,000,000 | 26,000,000 |  |  |
Interest expense, related party transactions |  |  | 1,000,000 | 1,000,000 |  |  |
Amounts payable, related party transactions |  |  | 10,000,000 | 6,000,000 |  |  |
Amounts receivable, related party transactions |  |  | 19,000,000 | 10,000,000 |  |  |
Disposal of subsidiaries, net of cash disposed |  |  | 0 | 0 | $ 817,000,000 |  |
AusNet Services Ltd |  |  |  |  |  |  |
Disclosure of transactions between related parties [line items] |  |  |  |  |  |  |
Gain (loss) on disposition | $ 32,000,000 |  |  |  |  |  |
Reclassification adjustments on exchange differences on translation, net of tax | $ 28,000,000 |  | $ 28,000,000 |  |  |  |
Australian Regulated Utility Operation |  |  |  |  |  |  |
Disclosure of transactions between related parties [line items] |  |  |  |  |  |  |
Ownership and voting Interest | 7.90% |  |  |  |  |  |
Disposal of subsidiaries, net of cash disposed | $ 435,000,000 |  |  |  |  |  |
Revolving Credit Facility With Brookfield |  |  |  |  |  |  |
Disclosure of transactions between related parties [line items] |  |  |  |  |  |  |
Number of borrowing agreements | agreement |  |  | 2 |  |  |  |
Borrowing, term |  |  | 10 years |  |  |  |
Credit facility, maximum borrowing capacity |  |  | $ 1,000,000,000 |  |  |  |
Senior Unsecured Revolving Credit Facility |  |  |  |  |  |  |
Disclosure of transactions between related parties [line items] |  |  |  |  |  |  |
Credit facility, maximum borrowing capacity |  |  |  |  |  |  | $ 1,000,000,000
Subsidiary and corporate borrowings |  |  | $ 0 | 0 |  |  |
Brookfield Infrastructure |  |  |  |  |  |  |
Disclosure of transactions between related parties [line items] |  |  |  |  |  |  |
Weighted average interest rates |  |  | 0.20% |  |  |  |
Interest expense, related party transactions |  |  | $ 14,000,000 |  |  |  |
Service Provider |  |  |  |  |  |  |
Disclosure of transactions between related parties [line items] |  |  |  |  |  |  |
Asset management fee as percent per quarter |  |  | 0.3125% |  |  |  |
Asset management fee, percent |  |  | 1.25% |  |  |  |
Services received, related party transactions |  |  | $ 63,000,000 | 63,000,000 | 45,000,000 |  |
Subsidiary of Common Parent (Brookfield) | Brookfield Office Properties Inc. |  |  |  |  |  |  |
Disclosure of transactions between related parties [line items] |  |  |  |  |  |  |
Services received, related party transactions |  |  | 0 | 0 | 0 |  |
Revenue from rendering of services, related party transactions |  |  | 1,000,000 | 1,000,000 | $ 1,000,000 |  |
Subsidiary of Common Parent (Brookfield) | Brookfield Infrastructure |  |  |  |  |  |  |
Disclosure of transactions between related parties [line items] |  |  |  |  |  |  |
Subsidiary and corporate borrowings |  |  |  |  |  | $ 250,000,000 |
Due from Brookfield Infrastructure |  |  | 1,038,000,000 | 566,000,000 |  |  |
Borrowings, adjustment to interest rate basis |  |  |  |  |  | 2.00% |
Brookfield Infrastructure Partners L.P |  |  |  |  |  |  |
Disclosure of transactions between related parties [line items] |  |  |  |  |  |  |
Amounts receivable, related party transactions |  |  | $ 20,000,000 | $ 0 |  |  |
Sales of property and other assets, related party transactions |  | $ 66,000,000 |  |  |  |  |
Gain (loss) on disposition of business |  | $ 2,000,000 |  |  |  |  |

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