PROPERTY, PLANT AND EQUIPMENT (Tables)

12 Months Ended

Dec. 31, 2025

Property, plant and equipment [abstract]

Schedule of detailed information about property, plant and equipment

Depreciation of an asset commences when it is available for use. PP&E is depreciated for each component of the asset classes as follows:

Buildings	Up to 50 years
Right-of-use assets	Up to 40 years but not exceeding the term of the lease
Machinery and equipment	Up to 25 years
Vessels	Up to 35 years
Oil and gas related equipment and mining property	Units of production

(US$ MILLIONS)	Land		Buildings		Machinery and equipment		Vessels		Other		Right-of-use assets		Total
Gross carrying amount
Balance at January 1, 2024	$	283	$	4,233	$	9,159	$	4,643	$	2,020	$	2,054	$	22,392
Additions (cash and non-cash)	2		358		1,317		1,302		30		271		3,280
Dispositions	(37)		(67)		(1,280)		(337)		(69)		(819)		(2,609)
Acquisitions through business combinations	—		3		2		—		—		5		10
Transfers and assets reclassified as held for sale	—		—		(3)		(2,678)		—		—		(2,681)
Foreign currency translation and other	(11)		(245)		(786)		—		(142)		(90)		(1,274)
Balance at December 31, 2024	$	237	$	4,282	$	8,409	$	2,930	$	1,839	$	1,421	$	19,118
Additions (cash and non-cash)	18		364		1,382		832		46		270		2,912
Dispositions (1) (2)	(6)		(1,969)		(1,466)		(1,419)		(382)		(344)		(5,586)
Acquisitions through business combinations	22		38		35		—		1		20		116
Assets reclassified as held for sale	—		(68)		(180)		—		(6)		(79)		(333)
Foreign currency translation and other	18		146		723		—		128		81		1,096
Balances at December 31, 2025	$	289	$	2,793	$	8,903	$	2,343	$	1,626	$	1,369	$	17,323
Accumulated depreciation and impairment
Balance at January 1, 2024	$	—	$	(589)	$	(2,767)	$	(1,650)	$	(904)	$	(758)	$	(6,668)
Depreciation/depletion/impairment expense	—		(141)		(889)		(236)		(284)		(259)		(1,809)
Dispositions	—		14		505		173		22		438		1,152
Transfers and assets reclassified as held for sale	—		—		1		1,155		—		—		1,156
Foreign currency translation and other	—		36		137		—		78		32		283
Balance at December 31, 2024	$	—	$	(680)	$	(3,013)	$	(558)	$	(1,088)	$	(547)	$	(5,886)
Depreciation/depletion/impairment expense	—		(155)		(913)		(51)		(93)		(233)		(1,445)
Dispositions (1) (2)	—		306		477		150		105		153		1,191
Assets reclassified as held for sale	—		39		57		—		—		46		142
Foreign currency translation and other	—		(37)		(194)		—		(60)		(21)		(312)
Balance at December 31, 2025	$	—	$	(527)	$	(3,586)	$	(459)	$	(1,136)	$	(602)	$	(6,310)
Net book value
December 31, 2024	$	237	$	3,602	$	5,396	$	2,372	$	751	$	874	$	13,232
December 31, 2025	$	289	$	2,266	$	5,317	$	1,884	$	490	$	767	$	11,013

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(1)Includes the deconsolidation of the partnership’s healthcare services operation. See Note 17(b)(i) for additional information.

(2)Includes reclassification of $1,419 million from property, plant and equipment into finance lease receivables related to vessels at the partnership’s offshore oil services.

The carrying value and depreciation/impairment expense of right-of-use assets along with the carrying value of assets subject to operating leases in which the partnership is a lessor as at December 31, 2025 and 2024 are outlined below, by class of underlying asset:

	Year ended December 31, 2025
(US$ MILLIONS)	Land		Buildings		Machinery and equipment		Vessels		Other		Total
Lessee
Right-of-use assets	$	47	$	528	$	167	$	—	$	25	$	767
Depreciation/impairment expense	(7)		(124)		(93)		—		(9)		(233)
Lessor
Assets subject to operating leases	—		16		1,764		1,886		—		3,666

	Year ended December 31, 2024
(US$ MILLIONS)	Land		Buildings		Machinery and equipment		Vessels		Other		Total
Lessee
Right-of-use assets	$	51	$	623	$	174	$	—	$	26	$	874
Depreciation/impairment expense	(6)		(137)		(107)		—		(9)		(259)
Lessor
Assets subject to operating leases	—		15		2,587		2,374		—		4,976