XML 61 R48.htm IDEA: XBRL DOCUMENT v3.22.1
EQUITY ACCOUNTED INVESTMENTS (Tables)
 12 Months Ended
Dec. 31, 2021
Interests In Other Entities [Abstract]  
Disclosure of ownership interest, voting interest, and carrying value of joint ventures
The following table presents the ownership interest, voting interest, and carrying values of equity accounted investments as at December 31, 2021 and 2020:
(US$ MILLIONS, except as noted)Economic interestVoting interestCarrying value
202120202021202020212020
Business services
49% - 70%
49% - 70%
49% - 70%
49% - 50%
$11 $11 
Infrastructure services
25% - 33%
25% - 33%
25% - 33%
25% - 33%
8 7 
Industrials
50%
50%
50%
50%
51 55 
Total$70 $73 
Disclosure of ownership interest, voting interest, and carrying value of associates
The following table presents the ownership interest, voting interest, and carrying values of equity accounted investments as at December 31, 2021 and 2020:
(US$ MILLIONS, except as noted)Economic interestVoting interestCarrying value
202120202021202020212020
Business services
49% - 70%
49% - 70%
49% - 70%
49% - 50%
$11 $11 
Infrastructure services
25% - 33%
25% - 33%
25% - 33%
25% - 33%
8 7 
Industrials
50%
50%
50%
50%
51 55 
Total$70 $73 
Disclosure of change in equity investments
The following table represents the change in the balance of equity accounted investments:
(US$ MILLIONS)20212020
Balance at beginning of year$73 $91 
Additions1 — 
Dispositions — (2)
Share of net income5 3 
Distributions received(4)(4)
Foreign currency translation(5)(15)
Balance at end of period$70 $73 
Disclosure of interests in joint ventures
The following tables present the gross assets and liabilities of the company’s equity accounted investments:
Year ended December 31, 2021
Total
(US$ MILLIONS)Current assetsNon-current assetsTotal assetsCurrent liabilitiesNon-current liabilitiesTotal liabilitiesTotal net assets
Business services$308 $1 $309 $302 $— $302 $7 
Infrastructure services47 2 49 22 — 22 27 
Industrials45 249 294 22 171 193 101 
Total$400 $252 $652 $346 $171 $517 $135 
Year Ended December 31, 2020
Total
(US$ MILLIONS)Current assetsNon-current assetsTotal assetsCurrent liabilitiesNon-current liabilitiesTotal liabilitiesTotal net assets
Business services$289 $1 $290 $287 $— $287 $3 
Infrastructure services40 3 43 24 — 24 19 
Industrials30 231 261 29 122 151 110 
Total$359 $235 $594 $340 $122 $462 $132 
The following tables present the gross amounts of revenues, net income and other comprehensive income from the company’s equity accounted investments for the years ended December 31, 2021, 2020 and 2019:
Year Ended December 31, 2021
Total
(US$ MILLIONS)RevenuesNet incomeOCITotal comprehensive income
Business services$13 $4 $— $4 
Infrastructure services150 6 — 6 
Industrials80 1 — 1 
Total$243 $11 $— $11 
Year ended December 31, 2020
Total
(US$ MILLIONS)RevenuesNet incomeOCITotal comprehensive income
Business services$42 $3 $— $3 
Infrastructure services145 4 — 4 
Industrials68 — — — 
Total$255 $7 $— $7 
Year ended December 31, 2019
Total
(US$ MILLIONS)RevenuesNet incomeOCITotal comprehensive income
Business services$49 $2 $— $2 
Infrastructure services135 48 — 48 
Industrials89 6 — 6 
Total$273 $56 $— $56 
Disclosure of interests in associates
The following tables present the gross assets and liabilities of the company’s equity accounted investments:
Year ended December 31, 2021
Total
(US$ MILLIONS)Current assetsNon-current assetsTotal assetsCurrent liabilitiesNon-current liabilitiesTotal liabilitiesTotal net assets
Business services$308 $1 $309 $302 $— $302 $7 
Infrastructure services47 2 49 22 — 22 27 
Industrials45 249 294 22 171 193 101 
Total$400 $252 $652 $346 $171 $517 $135 
Year Ended December 31, 2020
Total
(US$ MILLIONS)Current assetsNon-current assetsTotal assetsCurrent liabilitiesNon-current liabilitiesTotal liabilitiesTotal net assets
Business services$289 $1 $290 $287 $— $287 $3 
Infrastructure services40 3 43 24 — 24 19 
Industrials30 231 261 29 122 151 110 
Total$359 $235 $594 $340 $122 $462 $132 
The following tables present the gross amounts of revenues, net income and other comprehensive income from the company’s equity accounted investments for the years ended December 31, 2021, 2020 and 2019:
Year Ended December 31, 2021
Total
(US$ MILLIONS)RevenuesNet incomeOCITotal comprehensive income
Business services$13 $4 $— $4 
Infrastructure services150 6 — 6 
Industrials80 1 — 1 
Total$243 $11 $— $11 
Year ended December 31, 2020
Total
(US$ MILLIONS)RevenuesNet incomeOCITotal comprehensive income
Business services$42 $3 $— $3 
Infrastructure services145 4 — 4 
Industrials68 — — — 
Total$255 $7 $— $7 
Year ended December 31, 2019
Total
(US$ MILLIONS)RevenuesNet incomeOCITotal comprehensive income
Business services$49 $2 $— $2 
Infrastructure services135 48 — 48 
Industrials89 6 — 6 
Total$273 $56 $— $56