FINANCIAL LIABILTIES (Tables)

12 Months Ended

Dec. 31, 2022

Financial Instruments [Abstract]

Disclosure of financial liabilities

	As of
US$ MILLIONS	Dec. 31, 2022		Dec. 31, 2021
Current:
Inflation swaps	$	72	$	—
Deferred consideration	—		995
Total current financial liabilities	$	72	$	995
Non-current:
Inflation swaps	$	—	$	—
Total non-current financial liabilities	$	—	$	—

The following table provides a continuity schedule of outstanding exchangeable shares and class B shares along with our corresponding liability and remeasurement gains and losses.

	Exchangeable shares outstanding (Shares)	Class B shares outstanding (Shares)	Exchangeable and class B shares (US$ Millions)
Balance at January 1, 2021	67,441,451	2	$	2,221
Share issuance(1)	42,195,641	—	1,776
Share issuance - BIPC Exchangeable LP Unit exchanges	556,997	—	23
Shares exchanged to units	(36,549)	—	(1)
Remeasurement of liability	—	—	447
Balance at December 31, 2021	110,157,540	2	$	4,466
Share issuance - BIPC Exchangeable LP Unit exchanges	427,643	—	19
Shares exchanged to units	(17,512)	—	(1)
Remeasurement of liability	—	—	(1,058)
Balance at December 31, 2022	110,567,671	2	$	3,426

(1)     During the year ended December 31, 2021, our company issued 3.2 million shares in exchange for net cash consideration of $128 million. The remaining shares were issued to subsidiaries of the partnership in exchange for non-cash consideration including loans receivable and settlements of loan payable.