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GOODWILL
 6 Months Ended
Jun. 30, 2019
Intangible Assets [Abstract]  
GOODWILL
GOODWILL
(US$ MILLIONS)
 
June 30, 2019
 
December 31, 2018
Balance at beginning of period
 
$
2,411

 
$
1,554

Acquisitions through business combinations (1)
 
3,152

 
957

Impairment losses
 
(261
)
 
—

Dispositions
 
(21
)
 
—

Assets reclassified as held for sale
 
(212
)
 
—

Foreign currency translation
 
46

 
(100
)
Balance at end of period
 
$
5,115

 
$
2,411

____________________________________
(1) 
See Note 3 for additional information.
During the three and six months ended June 30, 2019, the partnership recorded a goodwill impairment loss of $261 million within our infrastructure services segment. This was related to our investment in Teekay Offshore as a result of changes in certain vessel redeployment opportunities and the reassessment of future assumptions. This reduced the carrying value of Teekay Offshore goodwill from $547 million to $286 million. The recoverable amount was based on the fair value less costs of disposal, using a discounted cash flow model incorporating significant unobservable inputs. The estimates regarding expected future cash flows and discount rates are level 3 fair value inputs based on various assumptions including existing contracts, future vessel redeployment rates, financial forecasts and industry trends.