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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