XML 44 R23.htm IDEA: XBRL DOCUMENT v3.24.1
REVENUES
 12 Months Ended
Dec. 31, 2023
Revenue [abstract]  
REVENUES REVENUES
a)Revenues by service line
Substantially all of these revenues are recognized over time as services are rendered. The following table disaggregates revenues by service line:
For the year ended December 31,
US$ MILLIONS202320222021
Gas Transmission$1,483 $1,314 $1,074 
Distribution397 372 374 
Leasing385 — — 
Connections200 171 167 
Other38 29 28 
Total$2,503 $1,886 $1,643 
During the year ended December 31, 2023, revenues benefited from the acquisition of our global intermodal logistics operation, along with inflationary tariff increases and capital commissioned into rate base.
b)Revenues from external customers
The following table disaggregates revenues by geographical region.
For the year ended December 31,
US$ MILLIONS202320222021
Brazil$1,483 $1,314 $1,074 
United Kingdom635 572 569 
United States385 — — 
$2,503 $1,886 $1,643 
Our company’s customer base is comprised predominantly of investment grade companies, with only one customer that makes up greater than 10% of our company’s consolidated revenues. For the year ended December 31, 2023, revenue generated from this customer was $1,449 million (2022: $1,314 million, 2021: $1,074 million). Our company has completed a review of the credit risk of key counterparties. Based on their liquidity position, business performance, and aging of our accounts receivable, we do not have any significant changes in expected credit losses at this time.
c)Non-Current Assets
As of
US$ MILLIONSDec. 31, 2023Dec. 31, 2022
United Kingdom$5,624 $4,821 
Brazil 3,596 3,362 
Switzerland2,197 — 
France2,170 — 
Singapore1,800 — 
China1,573 — 
Denmark1,232 — 
United States375 — 
Australia 5 428 
Other Asia1,270 — 
Other Europe632 — 
Other631 — 
$21,105 $8,611