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ASSETS AND LIABILITIES CLASSIFIED AS HELD FOR SALE
12 Months Ended
Dec. 31, 2024
Assets and liabilities classified as Held for Sale [Abstract]  
ASSETS AND LIABILITIES CLASSIFIED AS HELD FOR SALE ASSETS AND LIABILITIES CLASSIFIED AS HELD FOR SALE
In December 2024, our company agreed to the sale of its 33% interest in a subsidiary of our global intermodal logistics operation, which owns and leases stabilized intermodal container assets to customers, for net proceeds of approximately $430 million ($116 million to our company). Our global intermodal logistics operation will retain a 67% interest as an investment in associate and continue to manage the subsidiary under a management agreement. As a result, the assets and liabilities of the subsidiary were classified as held for sale as at December 31, 2024.

The major classes of assets and liabilities classified as held for sale are as follows:

US$ MILLIONSDec. 31, 2024
Assets
Accounts receivable and other current assets$42 
Current assets42 
Property, plant and equipment1,775 
Intangible assets105 
Other non-current assets36 
Total assets classified as held for sale$1,958 
Liabilities
Accounts payable and other liabilities$12 
Non-recourse borrowings1,197 
Total liabilities associated with assets held for sale1,209 
Net assets classified as held for sale$749