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CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
$ in Millions
Total
Share capital
Retained earnings
Ownership changes
Accumulated Other Comprehensive Income
Brookfield Infrastructure Partners L.P
Non-controlling interests
Beginning balance at Dec. 31, 2021 $ (1,424) $ 53 $ (193) $ (2,379) $ 392 [1] $ (2,127) $ 703
Net (loss) income 1,619 [2]   1,094     1,094 525
Other comprehensive income (loss) (108)       (86) [1] (86) (22)
Comprehensive (loss) income 1,511   1,094   (86) [1] 1,008 503
Distributions to non-controlling interests (448)           (448)
Ending balance at Dec. 31, 2022 (361) 53 901 (2,379) 306 [1],[3] (1,119) 758
Net (loss) income 606 [2]   111     111 495
Other comprehensive income (loss) 216       167 [3] 167 49
Comprehensive (loss) income 822   111   167 [3] 278 544
Share issuance 339 339       339  
Distributions to non-controlling interests (458)           (458)
Acquisition of subsidiaries [4] 3,726           3,726
Other items 0   103     103 (103)
Ending balance at Dec. 31, 2023 4,068 392 1,115 (2,379) 473 [3] (399) 4,467
Net (loss) income 72 [2]   (608)     (608) 680
Other comprehensive income (loss) 230       108 [5] 108 122
Comprehensive (loss) income 302   (608)   108 [5] (500) 802
Capital provided to non-controlling interests (1,058)           (1,058)
Distributions to non-controlling interests (788)           (788)
Arrangement/reorganization (356) (391)   35   (356)  
Other items 54   2     2 52
Ending balance at Dec. 31, 2024 $ 2,222 $ 1 $ 509 $ (2,344) $ 581 [5] $ (1,253) $ 3,475
[1] Refer to Note 21, Accumulated Other Comprehensive Income (Loss) for an analysis of accumulated other comprehensive income (loss) by item.
[2]
Earnings per share have not been presented in the financial statements, as the underlying shares do not constitute “ordinary shares” under IAS 33, Earnings per share. See Note 3(b), Material Accounting Policy Information, for further details.
[3] Refer to Note 21, Accumulated Other Comprehensive Income (Loss) for an analysis of accumulated other comprehensive income (loss) by item.
[4] Refer to Note 5, Acquisition of businesses, for further details.
[5] Refer to Note 21, Accumulated Other Comprehensive Income (Loss) for an analysis of accumulated other comprehensive income (loss) by item.