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ACQUISITION OF BUSINESSES (Tables) | 12 Months Ended
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Dec. 31, 2023
ACQUISITION OF BUSINESS [Abstract] |
Disclosure of detailed information about business combination | Consideration Transferred:
US$ MILLIONS |
Cash | $ | 350 |
BIPC exchangeable shares | 751 |
Pre-existing interest in the business | 55 |
Total consideration | $ | 1,156 |
Fair value of assets and liabilities acquired (provisional)(1):
US$ MILLIONS |
Cash and cash equivalents | $ | 491 |
Accounts receivable and other(2) | 1,871 |
Property, plant and equipment | 8,811 |
Intangible assets | 710 |
Goodwill | 1,163 |
Accounts payable and other liabilities | (408) |
Non-recourse borrowings | (7,041) |
Deferred income tax liabilities | (444) |
Net assets acquired before non-controlling interest | 5,153 |
Non-controlling interest(3) | (3,997) |
Net assets acquired | $ | 1,156 |
(1)The fair values of certain acquired assets and liabilities for these operations have been determined on a provisional basis given the proximity of the acquisitions to the reporting date, pending finalization of the determination of the fair values of the acquired assets and liabilities. Our company is in the process of obtaining additional information primarily in order to assess the fair values of property, plant and equipment, intangible assets, deferred income taxes and the resulting impact to goodwill as at the date of the acquisitions. (2)Accounts receivable and other primarily comprised of finance lease receivables, trade receivables, and other financial assets. (3)Non-controlling interest includes $641 million of preferred equity instruments transferred as part of the acquisition, remaining balance represents the interest not acquired by our company, measured at fair value at the acquisition dates.

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- Definition The disclosure of detailed information about business combinations. [Refer: Business combinations [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 3 -IssueDate 2023-01-01 -Section Disclosures application of paragraphs 59 and 61 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=3&code=ifrs-tx-2023-en-r&doctype=Appendix&subtype=B&dita_xref=IFRS03_gB64-B67_TI -URIDate 2023-03-23 + Details
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