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BORROWINGS (Tables)
 12 Months Ended
Dec. 31, 2023
Financial Instruments [Abstract]  
Disclosure of detailed information about borrowings
The current and non-current balances of non-recourse borrowings are as follows:
As of
US$ MILLIONSDec. 31, 2023Dec. 31, 2022
Current$1,021 $328 
Non-current11,007 4,249 
Total$12,028 $4,577 
Principal repayments on non-recourse borrowings due over the next five years and thereafter are as follows:
US$ MILLIONSTotal
2024$1,203 
2025917 
20262,556 
20271,697 
20281,085 
Thereafter5,346 
Total principal repayments12,804 
Deferred financing costs and other(776)
Total - Dec. 31, 2023$12,028 
Total - Dec. 31, 2022$4,577 

The weighted average interest rates of non-recourse borrowings are as follows:
As of December 31,
20232022
Weighted average interest rates5 %8 %
Principal repayments on non-recourse borrowings in their local currency are as follows:
US$ MILLIONS, except as notedDec. 31, 2023Local CurrencyDec. 31, 2022Local Currency
U.S. dollars$8,517 USD$8,517 $1,049 USD$1,049 
British pounds2,744 GBP2,155 2,003 GBP1,658 
Brazilian real1,543 BRL7,467 1,543 BRL8,047 
Disclosure of reconciliation of liabilities arising from financing activities
Details of the “Changes in liabilities from financing activities”, including both changes arising from cash flows and non-cash changes are as follows:
US$ MILLIONSDec. 31, 2023Cash FlowsAcquisitionsForeign Exchange MovementDec. 31, 2022
Non-recourse borrowings$12,028 $177 $7,041 $233 $4,577 
US$ MILLIONSDec. 31, 2022Cash FlowsAcquisitionsForeign Exchange MovementDec. 31, 2021
Non-recourse borrowings$4,577 $1,083 $— $(62)$3,556