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EQUITY ACCOUNTED INVESTMENTS (Tables)
 12 Months Ended
Dec. 31, 2021
Investments accounted for using equity method [abstract]  
Disclosure of ownership interest, voting interest, and carrying value of joint ventures The following table presents the ownership interest, voting interest, and carrying values of the partnership’s equity accounted investments as at December 31, 2021 and 2020:
(US$ MILLIONS, except as noted)Economic interestVoting interestCarrying value
202120202021202020212020
Business services
14% - 70%
14% - 90%
14% - 57%
14% - 90%
$23 $60 
Infrastructure services
17% - 50%
17% - 50%
17% - 50%
17% - 50%
670 796 
Industrials
9% - 54%
24% - 54%
24% - 50%
24% - 50%
787 834 
Total$1,480 $1,690 
Disclosure of ownership interest, voting interest, and carrying value of associates The following table presents the ownership interest, voting interest, and carrying values of the partnership’s equity accounted investments as at December 31, 2021 and 2020:
(US$ MILLIONS, except as noted)Economic interestVoting interestCarrying value
202120202021202020212020
Business services
14% - 70%
14% - 90%
14% - 57%
14% - 90%
$23 $60 
Infrastructure services
17% - 50%
17% - 50%
17% - 50%
17% - 50%
670 796 
Industrials
9% - 54%
24% - 54%
24% - 50%
24% - 50%
787 834 
Total$1,480 $1,690 
Disclosure of change in equity investments The following table represents the change in the balance of equity accounted investments:
(US$ MILLIONS)20212020
Balance at beginning of year$1,690 $1,273 
Acquisitions through business combinations (1)
20 (5)
Additions (2)
430 446 
Dispositions (3)
(534)(30)
Impairment (29)— 
Share of net income13 57 
Share of other comprehensive income (loss)(16)6 
Distributions received(89)(41)
Foreign currency translation(5)(16)
Balance at end of period$1,480 $1,690 
____________________________________
(1)See Note 3 for additional information.
(2)Includes an equity accounted investment in the partnership’s graphite electrode operations recorded upon deconsolidation of the investment on March 1, 2021. Refer to Note 8 for additional information.
(3)During the second quarter of 2021, the advanced energy storage operations of the partnership made a partial disposal of an equity accounted investment. The retained interest is accounted for as a marketable security as at December 31, 2021.
Disclosure of interests in joint ventures The following tables present the gross assets and liabilities of the partnership’s equity accounted investments:
Year ended December 31, 2021
Total
(US$ MILLIONS)Current assetsNon-current assetsTotal assetsCurrent liabilitiesNon-current liabilitiesTotal liabilitiesTotal net assets
Business services$380 $1,377 $1,757 $417 $1,656 $2,073 $(316)
Infrastructure services1,545 7,749 9,294 873 5,571 6,444 2,850 
Industrials1,421 1,169 2,590 640 330 970 1,620 
Total$3,346 $10,295 $13,641 $1,930 $7,557 $9,487 $4,154 
Year Ended December 31, 2020
Total
(US$ MILLIONS)Current assetsNon-current assetsTotal assetsCurrent liabilitiesNon-current liabilitiesTotal liabilitiesTotal net assets
Business services$448 $1,243 $1,691 $481 $1,116 $1,597 $94 
Infrastructure services1,605 8,030 9,635 830 5,569 6,399 3,236 
Industrials1,096 736 1,832 505 222 727 1,105 
Total$3,149 $10,009 $13,158 $1,816 $6,907 $8,723 $4,435 
The following tables present the gross amounts of revenues, net income and other comprehensive income from the partnership’s equity accounted investments for the years ended December 31, 2021, 2020 and 2019:
Year Ended December 31, 2021
Total
(US$ MILLIONS)RevenuesNet incomeOCITotal comprehensive income
Business services$315 $51 $(6)$45 
Infrastructure services4,900 (294)(99)(393)
Industrials3,082 424 (4)420 
Total$8,297 $181 $(109)$72 
Year ended December 31, 2020
Total
(US$ MILLIONS)RevenuesNet incomeOCITotal comprehensive income
Business services$252 $(18)$8 $(10)
Infrastructure services4,080 (123)31 (92)
Industrials2,713 133 — 133 
Total$7,045 $(8)$39 $31 
Year ended December 31, 2019
Total
(US$ MILLIONS)RevenuesNet incomeOCITotal comprehensive income
Business services$537 $117 $9 $126 
Infrastructure services388 119 — 119 
Industrials1,770 121 — 121 
Total$2,695 $357 $9 $366 
Disclosure of interests in associates The following tables present the gross assets and liabilities of the partnership’s equity accounted investments:
Year ended December 31, 2021
Total
(US$ MILLIONS)Current assetsNon-current assetsTotal assetsCurrent liabilitiesNon-current liabilitiesTotal liabilitiesTotal net assets
Business services$380 $1,377 $1,757 $417 $1,656 $2,073 $(316)
Infrastructure services1,545 7,749 9,294 873 5,571 6,444 2,850 
Industrials1,421 1,169 2,590 640 330 970 1,620 
Total$3,346 $10,295 $13,641 $1,930 $7,557 $9,487 $4,154 
Year Ended December 31, 2020
Total
(US$ MILLIONS)Current assetsNon-current assetsTotal assetsCurrent liabilitiesNon-current liabilitiesTotal liabilitiesTotal net assets
Business services$448 $1,243 $1,691 $481 $1,116 $1,597 $94 
Infrastructure services1,605 8,030 9,635 830 5,569 6,399 3,236 
Industrials1,096 736 1,832 505 222 727 1,105 
Total$3,149 $10,009 $13,158 $1,816 $6,907 $8,723 $4,435 
The following tables present the gross amounts of revenues, net income and other comprehensive income from the partnership’s equity accounted investments for the years ended December 31, 2021, 2020 and 2019:
Year Ended December 31, 2021
Total
(US$ MILLIONS)RevenuesNet incomeOCITotal comprehensive income
Business services$315 $51 $(6)$45 
Infrastructure services4,900 (294)(99)(393)
Industrials3,082 424 (4)420 
Total$8,297 $181 $(109)$72 
Year ended December 31, 2020
Total
(US$ MILLIONS)RevenuesNet incomeOCITotal comprehensive income
Business services$252 $(18)$8 $(10)
Infrastructure services4,080 (123)31 (92)
Industrials2,713 133 — 133 
Total$7,045 $(8)$39 $31 
Year ended December 31, 2019
Total
(US$ MILLIONS)RevenuesNet incomeOCITotal comprehensive income
Business services$537 $117 $9 $126 
Infrastructure services388 119 — 119 
Industrials1,770 121 — 121 
Total$2,695 $357 $9 $366 
Disclosure of fair value of equity accounted investments The fair value based on the publicly listed price of these equity accounted investments in comparison to the partnership’s carrying value is as follows:
December 31, 2021December 31, 2020
(US$ MILLIONS)Public priceCarrying valuePublic priceCarrying value
Business services$43 $— $39 $— 
Industrials265 304 519 373 
Total$308 $304 $558 $373