REVENUES (Tables)

12 Months Ended

Dec. 31, 2019

The table below summarizes our segment revenue by type of revenue for the year ended December 31, 2019:



(US$ MILLIONS)	Business services		Infrastructure services		Industrials		Corporate and other		Total
Revenue by type
Revenue from contracts with customers	$	28,718	$	3,947	$	9,643	$	—	$	42,308
Other revenue	104		612		8		—		724
Total revenue	$	28,822	$	4,559	$	9,651	$	—	$	43,032



	Year Ended December 31, 2019
	Total attributable to the partnership
(US$ MILLIONS)	Business services			Infrastructure services			Industrials			Corporate and other			Total
Revenues	$	28,822		$	4,559		$	9,651		$	—		$	43,032
Direct operating costs	(27,995		)	(3,231		)	(7,092		)	(9		)	(38,327		)
General and administrative expenses	(314		)	(133		)	(299		)	(86		)	(832		)
Equity accounted Company EBITDA ⁽¹⁾	38			109			94			—			241
Company EBITDA attributable to others ⁽²⁾	(330		)	(836		)	(1,735		)	—			(2,901		)
Company EBITDA ⁽³⁾	221			468			619			(95		)	1,213
Realized disposition gain (loss), net	528			(1		)	200			(1		)	726
Other income (expense), net ⁽⁴⁾	—			(27		)	2			—			(25		)
Interest income (expense), net	(189		)	(381		)	(741		)	37			(1,274		)
Realized disposition gain, current income taxes and interest expenses related to equity accounted investments ⁽¹⁾	(7		)	(15		)	(20		)	—			(42		)
Current income taxes	(91		)	(4		)	(251		)	22			(324		)
Company FFO attributable to others (net of Company EBITDA attributable to others) ⁽²⁾	(30		)	274			584			—			828
Company FFO ⁽³⁾	432			314			393			(37		)	1,102
Depreciation and amortization expense ⁽⁵⁾													(1,804		)
Impairment expense, net													(609		)
Other income (expense), net ⁽⁴⁾													(375		)
Deferred income taxes													132
Non-cash items attributable to equity accounted investments ⁽¹⁾													(85		)
Non-cash items attributable to others ⁽²⁾													1,727
Net income (loss) attributable to unitholders ⁽³⁾													$	88

____________________________________


⁽¹⁾	The sum of these amounts equates to equity accounted income of $114 million as per the consolidated statements of operating results.


⁽²⁾	The sum of these amounts equates to net income attributable to others of $346 million as per the consolidated statements of operating results.


⁽³⁾	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.


⁽⁴⁾	The sum of these amounts equates to the other expense, net of $400 million as per the consolidated statements of operating results.


⁽⁵⁾	For the year ended December 31, 2019, depreciation and amortization by segment is as follows: infrastructure services $686 million, business services $305 million, industrials $813 million, and corporate and other $nil.



	Year Ended December 31, 2018
	Total attributable to the partnership
(US$ MILLIONS)	Business services			Infrastructure services			Industrials			Corporate and other			Total
Revenues	$	30,847		$	2,418		$	3,896		$	7		$	37,168
Direct operating costs	(30,351		)	(1,715		)	(2,060		)	(8		)	(34,134		)
General and administrative expenses	(278		)	(65		)	(231		)	(69		)	(643		)
Equity accounted Company EBITDA ⁽¹⁾	34			120			42			—			196
Company EBITDA attributable to others ⁽²⁾	(124		)	(463		)	(1,157		)	—			(1,744		)
Company EBITDA ⁽³⁾	128			295			490			(70		)	843
Realized disposition gain (loss), net⁽⁵⁾	55			—			195			—			250
Other income (expense), net	—			(15		)	(3		)	—			(18		)
Interest income (expense), net	(66		)	(176		)	(263		)	7			(498		)
Realized disposition gain, current income taxes and interest expenses related to equity accounted investments ⁽¹⁾	(3		)	(41		)	(10		)	—			(54		)
Current income taxes	(44		)	(10		)	(132		)	—			(186		)
Company FFO attributable to others (net of Company EBITDA attributable to others) ⁽²⁾	61			142			193			—			396
Company FFO ⁽³⁾	131			195			470			(63		)	733
Depreciation and amortization expense ⁽⁴⁾													(748		)
Gain on acquisition / disposition ⁽⁵⁾													250
Impairment expense, net													(218		)
Other income (expense), net													(118		)
Deferred income taxes													88
Non-cash items attributable to equity accounted investments ⁽¹⁾													(132		)
Non-cash items attributable to others ⁽²⁾													567
Net income (loss) attributable to unitholders ⁽³⁾													422

____________________________________


⁽¹⁾	The sum of these amounts equates to equity accounted income of $10 million as per the consolidated statements of operating results.


⁽²⁾	The sum of these amounts equates to net income attributable to others of $781 million as per the consolidated statements of operating results.


⁽³⁾	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.


⁽⁴⁾	For the year ended December 31, 2018, depreciation and amortization by segment is as follows; infrastructure services $309 million, business services $135 million, industrials $304 million, corporate and other $nil.


⁽⁵⁾	The sum of these amounts equates to the gain on acquisitions/dispositions, net of $500 million as per the consolidated statements of operating results.



	Year Ended December 31, 2017
	Total attributable to the partnership
(US$ MILLIONS)	Business services			Infrastructure services			Industrials			Corporate and other			Total
Revenues	$	20,874		$	3		$	1,939		$	7		$	22,823
Direct operating costs	(20,448		)	—			(1,425		)	(3		)	(21,876		)
General and administrative expenses	(182		)	—			(113		)	(45		)	(340		)
Equity accounted Company EBITDA ⁽¹⁾	28			31			49			—			108
Company EBITDA attributable to others ⁽²⁾	(169		)	—			(306		)	—			(475		)
Company EBITDA ⁽³⁾	103			34			144			(41		)	240
Realized disposition gain/(loss), net⁽⁵⁾	19			—			225			—			244
Interest income (expense), net	(47		)	—			(154		)	(1		)	(202		)
Realized disposition gain, current income taxes and interest expenses related to equity accounted investments ⁽¹⁾	—			(13		)	(4		)	—			(17		)
Current income taxes	(16		)	—			(32		)	18			(30		)
Company FFO attributable to others (net of Company EBITDA attributable to others) ⁽²⁾	33			—			(16		)	—			17
Company FFO ⁽³⁾	92			21			163			(24		)	252
Depreciation and amortization expense ⁽⁴⁾													(371		)
Realized disposition gains recorded in fair value changes or prior periods ⁽⁵⁾													23
Impairment expense, net													(39		)
Other income (expense), net													(108		)
Deferred income taxes													22
Non-cash items attributable to equity accounted investments ⁽¹⁾													(22		)
Non-cash items attributable to others ⁽²⁾													267
Net income (loss) attributable to parent ⁽³⁾													$	24

____________________________________


⁽¹⁾	The sum of these amounts equates to equity accounted income of $69 million as per the consolidated statements of operating results.


⁽²⁾	The sum of these amounts equates to net income attributable to others of $191 million as per the consolidated statements of operating results.


⁽³⁾	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.


⁽⁴⁾	For the year ended December 31, 2017, depreciation and amortization by segment is as follows: infrastructure services $nil, business services $99 million, industrials $272 million, and corporate and other $nil.


⁽⁵⁾	The sum of these amounts equates to the gain on acquisitions/dispositions, net of $267 million as per the consolidated statements of operating results.

The following is an analysis of the partnership's assets by reportable operating segment as at December 31, 2019 and 2018:



	As at December 31, 2019
	Total attributable to the partnership
(US$ MILLIONS)	Business services		Infrastructure services		Industrials		Corporate and other		Total
Total assets	$	18,132	$	10,619	$	22,742	$	258	$	51,751



	As at December 31, 2018
	Total attributable to the partnership
(US$ MILLIONS)	Business services		Infrastructure services		Industrials		Corporate and other		Total
Total assets	$	7,613	$	11,640	$	7,650	$	415	$	27,318

Disclosure of segment revenue by timing of revenue recognition for revenue from contracts with customers

The table below summarizes our segment revenue by timing of revenue recognition for total revenue from contracts with customers for the year ended December 31, 2019:



(US$ MILLIONS)	Business services		Infrastructure services		Industrials		Corporate and other		Total
Timing of revenue recognition
Goods and services provided at a point in time	$	23,070	$	1,379	$	9,409	$	—	$	33,858
Services transferred over a period of time	5,648		2,568		234		—		8,450
Total revenue from contracts with customers	$	28,718	$	3,947	$	9,643	$	—	$	42,308

Disclosure of maturity analysis of lessor operating lease payments

As at December 31, 2019, the undiscounted maturity analysis for the partnership’s assets under lease are as follows:



(US$ MILLIONS)	1 Year		2-5 Years		5+ Years		Total
Lease liability	$	229	$	545	$	603	$	1,377
Total lease liability	$	229	$	545	$	603	$	1,377

The following table presents the undiscounted contractual earnings receivable of the partnership’s leases by expected period of receipt:



(US$ MILLIONS)	1 Year		2-5 Years		5+ Years		Total
Operating leases	$	435	$	1,071	$	499	$	2,005
Total	$	435	$	1,071	$	499	$	2,005