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CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Consolidated Statment of Income (Loss) [line items]        
Revenues $ 1,205 $ 1,274 $ 2,536 $ 2,410
Other income 61 14 87 85
Direct operating costs [1] (425) (366) (826) (716)
Management service costs (55) (65) (112) (141)
Interest expense (402) (294) (796) (560)
Share of earnings from equity-accounted investments 13 29 46 48
Foreign exchange and financial instruments gain (loss) 153 (12) 295 (49)
Depreciation (458) (389) (887) (790)
Other 78 (7) 28 (54)
Income tax (expense) recovery        
Current (37) (31) (80) (73)
Deferred 18 (31) 37 (5)
Income tax (expense) recovery (19) (62) (43) (78)
Net income 151 122 328 155
Net income attributable to:        
Preferred limited partners' equity 10 12 20 23
Limited partners' equity $ (28) $ (9) $ (54) $ (53)
Basic earnings (loss) per LP Unit (in dollars per share) $ (0.10) $ (0.03) $ (0.20) $ (0.19)
Diluted earnings (loss) per LP Unit (in dollars per share) $ (0.10) $ (0.03) $ (0.20) $ (0.19)
Non-controlling interests        
Consolidated Statment of Income (Loss) [line items]        
Revenues $ 536 $ 598 $ 1,174 $ 1,134
Direct operating costs (220) (157) (410) (300)
Management service costs 0 0 0 0
Interest expense (226) (145) (443) (277)
Foreign exchange and financial instruments gain (loss) 125 0 211 (14)
Depreciation (221) (166) (422) (330)
Other 247 52 334 84
Income tax (expense) recovery        
Current (25) (25) (55) (55)
Deferred (14) (25) (1) (29)
Participating non-controlling interests – in operating subsidiaries        
Income tax (expense) recovery        
Net income 167 96 352 182
Net income attributable to:        
Non-controlling interests 167 96 352 182
General partnership interest in a holding subsidiary held by Brookfield        
Income tax (expense) recovery        
Net income 27 23 55 47
Net income attributable to:        
Non-controlling interests 27 23 55 47
Participating non-controlling interests – in a holding subsidiary – Redeemable/Exchangeable units held by Brookfield        
Income tax (expense) recovery        
Net income (20) (7) (38) (38)
Net income attributable to:        
Non-controlling interests (20) (7) (38) (38)
BEPC exchangeable shares        
Net income attributable to:        
Non-controlling interests (18) (6) (34) (33)
Preferred equity        
Income tax (expense) recovery        
Net income 6 6 13 13
Net income attributable to:        
Non-controlling interests 6 6 13 13
Perpetual subordinated notes        
Income tax (expense) recovery        
Net income 7 7 14 14
Net income attributable to:        
Non-controlling interests $ 7 $ 7 $ 14 $ 14
[1] Direct operating costs exclude depreciation expense disclosed below.