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SEGMENT INFORMATION (Tables)
6 Months Ended
Jun. 30, 2018
Operating Segments [Abstract]  
Disclosure of operating segments
 
 
Three Months Ended June 30, 2018
 
 
Total attributable to the partnership
(US$ MILLIONS)
 
Business
Services
 
Construction
Services
 
Industrial
Operations
 
Energy
 
Corporate
and Other
 
Total
Revenues
 
$
6,726

 
$
1,133

 
$
855

 
$
57

 
$
4

 
$
8,775

Direct operating costs
 
(6,603
)
 
(1,108
)
 
(438
)
 
(49
)
 
(2
)
 
(8,200
)
General and administrative expenses
 
(61
)
 
(11
)
 
(49
)
 
(5
)
 
(16
)
 
(142
)
Equity accounted Company EBITDA (3)
 
7

 

 
4

 
52

 

 
63

Company EBITDA attributable to others (4)
 
(46
)
 

 
(264
)
 
(4
)
 

 
(314
)
Company EBITDA (1)
 
23

 
14

 
108

 
51

 
(14
)
 
182

Realized disposition gain/(loss), net
 
55

 

 
35

 

 

 
90

Interest expense
 
(22
)
 

 
(55
)
 
(6
)
 

 
(83
)
Realized disposition gain, current income taxes and interest expenses related to equity accounted investment (3)
 
(1
)
 

 
(1
)
 
(18
)
 

 
(20
)
Current income taxes
 
(13
)
 
(9
)
 
(29
)
 
(1
)
 

 
(52
)
Company FFO attributable to others (net of Company EBITDA attributable to others) (4)
 
19

 

 
36

 
5

 

 
60

Company FFO (1)
 
61

 
5

 
94

 
31

 
(14
)
 
177

Depreciation and amortization expense (2)
 
 

 
 

 
 

 
 
 
 

 
(105
)
Impairment expense, net
 
 
 
 
 
 
 
 
 
 
 

Other income (expense), net
 
 

 
 

 
 

 
 

 
 

 
(7
)
Deferred income taxes
 
 

 
 

 
 

 
 

 
 

 
39

Non-cash items attributable to equity accounted investments (3)
 
 

 
 

 
 

 
 

 
 

 
(50
)
Non-cash items attributable to others (4)
 
 

 
 

 
 

 
 

 
 

 
65

Net income (loss) attributable to unitholders (1)
 
 

 
 

 
 

 
 

 
 

 
$
119

____________________________________
(1) 
Company EBITDA, Company FFO and net income attributable to unitholders include Company EBITDA, Company FFO, and net income attributable to limited partnership unitholders, general partnership unitholders, redemption-exchange unitholders and special limited partnership unitholders.
(2) 
For the three month period ended June 30, 2018, depreciation and amortization by segment is as follows: Business Services $29 million, Construction Services $5 million, Industrial Operations $53 million, Energy $18 million, and Corporate and Other $nil.
(3) 
The sum of these amounts equates to equity accounted loss of $7 million.
(4) 
Total cash and non-cash items attributable to the interest of others equals net gain of $189 million as per the unaudited interim condensed consolidated statements of operating results.




 
 
Six Months Ended June 30, 2018
 
 
Total attributable to the partnership
(US$ MILLIONS)
 
Business
Services
 
Construction
Services
 
Industrial
Operations
 
Energy
 
Corporate
and Other
 
Total
Revenues
 
$
13,030

 
$
2,176

 
$
1,602

 
$
154

 
$
7

 
$
16,969

Direct operating costs
 
(12,817
)
 
(2,128
)
 
(791
)
 
(109
)
 
(4
)
 
(15,849
)
General and administrative expenses
 
(118
)
 
(21
)
 
(79
)
 
(10
)
 
(32
)
 
(260
)
Equity accounted Company EBITDA (3)
 
15

 

 
9

 
98

 

 
122

Company EBITDA attributable to others (4)
 
(71
)
 

 
(514
)
 
(24
)
 

 
(609
)
Company EBITDA (1)
 
39

 
27

 
227

 
109

 
(29
)
 
373

Realized disposition gain
 
55

 

 
51

 

 

 
106

Interest expense
 
(41
)
 

 
(114
)
 
(14
)
 

 
(169
)
Realized disposition gain, current income taxes and interest expenses related to equity accounted investments (3)
 
(1
)
 

 
(2
)
 
(36
)
 

 
(39
)
Current income taxes
 
(17
)
 
(13
)
 
(49
)
 
(1
)
 

 
(80
)
Company FFO attributable to others (net of Company EBITDA attributable to others) (4)
 
34

 

 
79

 
11

 

 
124

Company FFO (1)
 
69

 
14

 
192

 
69

 
(29
)
 
315

Depreciation and amortization expense (2)
 
 

 
 

 
 

 
 

 
 

 
(211
)
Impairment expense, net
 
 

 
 

 
 

 
 

 
 

 

Other income (expense), net
 
 

 
 

 
 

 
 

 
 

 
(21
)
Deferred income taxes
 
 

 
 

 
 

 
 

 
 

 
29

Non-cash items attributable to equity accounted investments (3)
 
 

 
 

 
 

 
 

 
 

 
(73
)
Non-cash items attributable to others (4)
 
 

 
 

 
 

 
 

 
 

 
154

Net income (loss) attributable to unitholders (1)
 
 
 
 

 
 

 
 

 
 

 
$
193

____________________________________
(1) 
Company EBITDA, Company FFO and net income attributable to unitholders include Company EBITDA, Company FFO, and net income attributable to limited partnership unitholders, general partnership unitholders, redemption-exchange unitholders and special limited partnership unitholders.
(2) 
For the six month period ended June 30, 2018, depreciation and amortization by segment is as follows; Business Services $57 million, Construction Services $10 million, Industrial Operations $106 million, Energy $38 million, and Corporate and Other $nil.
(3) 
The sum of these amounts equates to equity accounted income of $10 million.
(4) 
Total cash and non-cash items attributable to the interest of others equals net gain of $331 million as per the unaudited interim condensed consolidated statements of operating results.
 
 
Three Months Ended June 30, 2017
 
 
Total attributable to the partnership
(US$ MILLIONS)
 
Business
Services
 
Construction
Services
 
Industrial
Operations
 
Energy
 
Corporate
and Other
 
Total
Revenues
 
$
3,273

 
$
1,125

 
$
406

 
$
64

 
$
2

 
$
4,870

Direct operating costs
 
(3,207
)
 
(1,104
)
 
(316
)
 
(45
)
 
(1
)
 
(4,673
)
General and administrative expenses
 
(30
)
 
(11
)
 
(22
)
 
(4
)
 
(9
)
 
(76
)
Equity accounted Company EBITDA (3)
 
11

 

 
1

 
12

 

 
24

Company EBITDA attributable to others (4)
 
(26
)
 

 
(53
)
 
(12
)
 

 
(91
)
Company EBITDA (1)
 
21

 
10

 
16

 
15

 
(8
)
 
54

Realized disposition gain/(loss), net
 
1

 

 
8

 

 

 
9

Interest expense
 
(9
)
 

 
(34
)
 
(7
)
 

 
(50
)
Realized disposition gain, current income taxes and interest expenses related to equity accounted investment (3)
 

 

 

 
(1
)
 

 
(1
)
Current income taxes
 
(4
)
 
2

 
(5
)
 

 
3

 
(4
)
Company FFO attributable to others (net of Company EBITDA attributable to others) (4)
 
8

 

 
23

 
4

 

 
35

Company FFO (1)
 
17

 
12

 
8

 
11

 
(5
)
 
43

Depreciation and amortization expense (2)
 
 

 
 

 
 

 
 
 
 

 
(88
)
Impairment expense, net
 
 
 
 
 
 
 
 
 
 
 
(23
)
Other income (expense), net
 
 

 
 

 
 

 
 

 
 

 
(9
)
Deferred income taxes
 
 

 
 

 
 

 
 

 
 

 
4

Non-cash items attributable to equity accounted investments (3)
 
 

 
 

 
 

 
 

 
 

 
(9
)
Non-cash items attributable to others (4)
 
 

 
 

 
 

 
 

 
 

 
76

Net income (loss) attributable to unitholders (1)
 
 

 
 

 
 

 
 

 
 

 
$
(6
)
____________________________________
(1) 
Company EBITDA, Company FFO and net income attributable to unitholders include Company EBITDA, Company FFO, and net income attributable to limited partnership unitholders, general partnership unitholders, redemption-exchange unitholders and special limited partnership unitholders.
(2) 
For the three month period ended June 30, 2017, depreciation and amortization by segment is as follows: Business Services $13 million, Construction Services $7 million, Industrial Operations $44 million, Energy $24 million, and Corporate and Other $nil.
(3) 
The sum of these amounts equates to equity accounted income of $14 million.
(4) 
Total cash and non-cash items attributable to the interest of others equals net loss of $20 million as per the unaudited interim condensed consolidated statements of operating results.
    
 
 
Six Months Ended June 30, 2017
 
 
Total attributable to the partnership
(US$ MILLIONS)
 
Business
Services
 
Construction
Services
 
Industrial
Operations
 
Energy
 
Corporate
and Other
 
Total
Revenues
 
$
3,889

 
$
2,141

 
$
637

 
$
133

 
$
4

 
$
6,804

Direct operating costs
 
(3,790
)
 
(2,124
)
 
(535
)
 
(96
)
 
(2
)
 
(6,547
)
General and administrative expenses
 
(53
)
 
(22
)
 
(37
)
 
(8
)
 
(18
)
 
(138
)
Equity accounted Company EBITDA (3)
 
15

 

 
1

 
26

 

 
42

Company EBITDA attributable to others (4)
 
(40
)
 
1

 
(51
)
 
(24
)
 

 
(114
)
Company EBITDA (1)
 
21

 
(4
)
 
15

 
31

 
(16
)
 
47

Realized disposition gain/(loss), net
 
6

 
2

 
237

 
36

 

 
281

Interest expense
 
(13
)
 

 
(43
)
 
(13
)
 

 
(69
)
Realized disposition gain, current income taxes and interest expenses related to equity accounted investment (3)
 

 

 

 
(2
)
 

 
(2
)
Current income taxes
 
(4
)
 
12

 
(13
)
 
(1
)
 
6

 

Company FFO attributable to others (net of Company EBITDA attributable to others) (4)
 
11

 
(1
)
 
(109
)
 
(20
)
 

 
(119
)
Company FFO (1)
 
21

 
9

 
87

 
31

 
(10
)
 
138

Depreciation and amortization expense (2)
 
 

 
 

 
 

 
 
 
 

 
(153
)
Impairment expense, net
 
 
 
 
 
 
 
 
 
 
 
(30
)
Other income (expense), net
 
 

 
 

 
 

 
 

 
 

 
5

Deferred income taxes
 
 

 
 

 
 

 
 

 
 

 

Non-cash items attributable to equity accounted investments (3)
 
 

 
 

 
 

 
 

 
 

 
(16
)
Non-cash items attributable to others (4)
 
 

 
 

 
 

 
 

 
 

 
116

Net income (loss) attributable to unitholders (1)
 
 

 
 

 
 

 
 

 
 

 
$
60

(1) 
Company EBITDA, Company FFO and net income attributable to unitholders include Company EBITDA, Company FFO, and net income attributable to limited partnership unitholders, general partnership unitholders, redemption-exchange unitholders and special limited partnership unitholders.
(2) 
For the six month period ended June 30, 2017, depreciation and amortization by segment is as follows: Business Services $22 million, Construction Services $12 million, Industrial Operations $69 million, Energy $50 million, and Corporate and Other $nil.
(3) 
The sum of these amounts equates to equity accounted income of $24 million.
(4) 
Total cash and non-cash items attributable to the interest of others equals net gain of $117 million as per the unaudited interim condensed consolidated statements of operating results.
Disclosure of revenues and non-current assets by geographical areas
The following is an analysis of the partnership's assets by reportable operating segment as at June 30, 2018 and December 31, 2017:
 
 
As at June 30, 2018
 
 
Total attributable to the partnership
(US$ MILLIONS)
 
Business
Services
 
Construction
Services
 
Industrial
Operations
 
Energy
 
Corporate
and Other
 
Total
Total assets
 
$
5,361

 
$
2,671

 
$
6,388

 
$
1,686

 
$
935

 
$
17,041


 
 
As at December 31, 2017
 
 
Total attributable to the partnership
(US$ MILLIONS)
 
Business
Services
 
Construction
Services
 
Industrial
Operations
 
Energy
 
Corporate
and Other
 
Total
Total assets
 
$
5,246

 
$
2,653

 
$
5,839

 
$
1,671

 
$
395

 
$
15,804