v3.26.1
INVESTMENTS IN ASSOCIATES
12 Months Ended
Dec. 31, 2025
Interests In Other Entities [Abstract]  
INVESTMENTS IN ASSOCIATES INVESTMENTS IN ASSOCIATES
The following table represents the change in balance of investments in associates:
For the year ended
US$ MILLIONSDec. 31, 2025
Balance at the beginning of the period$ 
Acquisitions605 
Share of earnings for the year25 
Distributions(21)
Disposition of interest(314)
Ending Balance$295 
On March 26, 2025, our global intermodal logistics operation sold a 33% partial interest in a stabilized container subsidiary for net proceeds of approximately $120 million to our company (see Note 4 - Disposition of Businesses, for further details) and retained a 67% interest as an investment in associate.
On September 29, 2025, our global intermodal logistics operation sold an additional 33% partial interest in the stabilized container portfolio for net proceeds of approximately $425 million ($115 million to our company). On disposition, Brookfield Infrastructure recognized a gain on sale of approximately $115 million ($30 million to our company) in other income (expense) on the Consolidated Statements of Operating Results.
The following tables summarize the aggregate balances of investments in associates on a 100% basis:
 As at December 31, 2025
 TotalAttributable to
US$ MILLIONS
Ownership Interest(1)
Current
Assets
Non-
Current
Assets
Total
Assets
Current
Liabilities
Non-
Current
Liabilities
Total
Liabilities
Total
Net
Assets
Other
Ownership
Interests
Brookfield Infrastructure Partners LP(1)
Stabilized container portfolio34%$75 $1,974 $2,049 $191 $975 $1,166 $883 $588 $295 
Total$75 $1,974 $2,049 $191 $975 $1,166 $883 $588 $295 
(1)Our company has an effective ownership interest of 9% with $80 million net assets attributable to our company.
The following tables present the gross amounts of revenue, net income, other comprehensive income from our company’s investments in associates for the year ended December 31, 2025:
Year ended December 31, 2025
TotalShare of earnings for the period
US$ MILLIONSRevenueNet
Income
OCITotal Comprehensive Income
Stabilized container portfolio$220 $55 $— $55 $25 
Total$220 $55 $— $55 $25 
The following tables present the cash flow activities of our company’s investments in associates for the year ended December 31, 2025:
Year ended December 31, 2025
TotalAttributable to
US$ MILLIONSOperatingInvestingFinancingTotal Cash FlowsOther
Ownership
Interests
Our company
Stabilized container portfolio$177 $(17)$(140)$20 $15 $
Total$177 $(17)$(140)$20 $15 $