XML 129 R113.htm IDEA: XBRL DOCUMENT v3.25.1
RELATED PARTY TRANSACTIONS (Details)
12 Months Ended
Dec. 24, 2024
USD ($)
Aug. 31, 2023
USD ($)
Mar. 31, 2020
USD ($)
Dec. 31, 2024
USD ($)
agreement
$ / shares
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 27, 2024
USD ($)
May 24, 2024
USD ($)
Mar. 28, 2023
USD ($)
Disclosure of transactions between related parties [line items]                  
Asset management fee as percent per quarter       0.3125%          
Asset management fee, percent       1.25%          
Preferred shares, subscription price (in dollars per share) | $ / shares       $ 25.00          
Amount called on the equity commitment       $ 0 $ 0        
Due from Brookfield Infrastructure       1,278,000,000 1,288,000,000        
Loans payable to Brookfield Infrastructure       102,000,000 26,000,000        
Amounts payable, related party transactions       30,000,000 10,000,000        
Amounts receivable, related party transactions       19,000,000 19,000,000        
Class Exchangeable Shares                  
Disclosure of transactions between related parties [line items]                  
Redeemable and exchangeable partnership units, exchange ratio 1                
Australian Regulated Utility Operation                  
Disclosure of transactions between related parties [line items]                  
Ownership and voting Interest   7.90%              
Disposal of subsidiaries, net of cash disposed   $ 435,000,000              
AusNet Services Ltd                  
Disclosure of transactions between related parties [line items]                  
Gain (loss) on disposition   32,000,000              
Reclassification adjustments on exchange differences on translation, net of tax   $ 28,000,000   $ 28,000,000          
Revolving Credit Facility With Brookfield                  
Disclosure of transactions between related parties [line items]                  
Number of borrowing agreements | agreement       2          
Borrowing, term       10 years          
Credit facility, maximum borrowing capacity       $ 1,000,000,000          
Senior Unsecured Revolving Credit Facility                  
Disclosure of transactions between related parties [line items]                  
Number of borrowing agreements | agreement       2          
Credit facility, maximum borrowing capacity $ 150,000,000                
Borrowings       $ 0 0        
Borrowings maturity, term 10 years                
Borrowings maturity, annual extensions period 1 year                
BIHC                  
Disclosure of transactions between related parties [line items]                  
Related party, equity commitment       1,000,000,000          
BIHC | Senior Unsecured Revolving Credit Facility                  
Disclosure of transactions between related parties [line items]                  
Credit facility, maximum borrowing capacity     $ 1,000,000,000            
Borrowings maturity, term     10 years            
Brookfield Infrastructure                  
Disclosure of transactions between related parties [line items]                  
Borrowings               $ 100,000,000  
Borrowings, adjustment to interest rate basis                 2.00%
Interest expense, related party transactions       8,000,000 14,000,000        
Loans payable to Brookfield Infrastructure       $ 0          
Weighted average interest rates       0.20%          
Interest accrued, on demand deposit       $ 3,000,000 1,000,000        
Interest expenses on demand deposit payable       $ 0 1,000,000        
Service Provider                  
Disclosure of transactions between related parties [line items]                  
Asset management fee as percent per quarter       0.3125%          
Asset management fee, percent       1.25%          
Services received, related party transactions       $ 67,000,000 63,000,000 $ 63,000,000      
Subsidiary of Common Parent (Brookfield) | Brookfield Office Properties Inc.                  
Disclosure of transactions between related parties [line items]                  
Services received, related party transactions       0 0 0      
Revenue from rendering of services, related party transactions       1,000,000 1,000,000 $ 1,000,000      
Subsidiary of Common Parent (Brookfield) | Brookfield Infrastructure                  
Disclosure of transactions between related parties [line items]                  
Borrowings       57,000,000          
Borrowings, adjustment to interest rate basis               2.10% 2.10%
Interest expense, related party transactions       4,000,000          
Due from Brookfield Infrastructure       1,178,000,000 $ 1,038,000,000        
March Loan Agreement | Brookfield Infrastructure                  
Disclosure of transactions between related parties [line items]                  
Borrowings               $ 200,000,000 $ 250,000,000
Interest expense, related party transactions       10,000,000          
March Loan Agreement | Brookfield Infrastructure | Loans Payable To Brookfield Infrastructure Until May 24 2029                  
Disclosure of transactions between related parties [line items]                  
Borrowings, adjustment to interest rate basis                 4.75%
May Loan Agreement | Brookfield Infrastructure                  
Disclosure of transactions between related parties [line items]                  
Borrowings, adjustment to interest rate basis               4.75%  
Interest expense, related party transactions       1,000,000          
Additional borrowings on Loan Under Non-cash Transaction               $ 24,000,000  
Borrowings Outstanding       $ 43,000,000          
May Loan Agreement | Brookfield Infrastructure | Loan Maturity Date of May 24, 2026                  
Disclosure of transactions between related parties [line items]                  
Borrowings, adjustment to interest rate basis               2.10%  
May Loan Agreement | Brookfield Infrastructure | Loan Maturity Date of May 24, 2029                  
Disclosure of transactions between related parties [line items]                  
Borrowings, adjustment to interest rate basis               4.75%  
December Loan Agreement | Brookfield Infrastructure                  
Disclosure of transactions between related parties [line items]                  
Borrowings             $ 17,000,000    
Non-cash Settlement                  
Disclosure of transactions between related parties [line items]                  
Loans payable to Brookfield Infrastructure               $ 26,000,000