XML 59 R46.htm IDEA: XBRL DOCUMENT v3.22.4
BORROWINGS (Tables)
 12 Months Ended
Dec. 31, 2022
Financial Instruments [Abstract]  
Disclosure of detailed information about borrowings
The current and non-current balances of non-recourse borrowings are as follows:
As of
US$ MILLIONSDec. 31, 2022Dec. 31, 2021
Current$328 $— 
Non-current4,249 3,556 
Total$4,577 $3,556 
Principal repayments on non-recourse borrowings due over the next five years and thereafter are as follows:
US$ MILLIONSTotal
2023$330 
2024178 
2025439 
2026423 
2027369 
Thereafter2,856 
Total principal repayments4,595 
Deferred financing costs and other(18)
Total - Dec. 31, 2022$4,577 
Total - Dec. 31, 2021$3,556 
The weighted average interest rates of non-recourse borrowings are as follows:
As of December 31,
20222021
Weighted average interest rates8 %4 %
Principal repayments on non-recourse borrowings in their local currency are as follows:
US$ MILLIONS, except as notedDec. 31, 2022Local CurrencyDec. 31, 2021Local Currency
U.S. dollars$1,049 USD$1,049 $300 USD$300 
British pounds2,003 GBP1,658 2,043 GBP1,510 
Brazilian real1,543 BRL8,047 1,220 BRL6,807 
Disclosure of reconciliation of liabilities arising from financing activities
Details of the “Changes in liabilities from financing activities”, including both changes arising from cash flows and non-cash changes are as follows:
US$ MILLIONSDec. 31, 2022Cash FlowsForeign Exchange MovementDec. 31, 2021
Non-recourse borrowings4,577 1,083 (62)3,556 
US$ MILLIONSDec. 31, 2021Cash FlowsForeign Exchange MovementDec. 31, 2020
Non-recourse borrowings3,556 166 (87)3,477