| Schedule of Detailed Information about Property, Plant and Equipment |
| | | | | | | | | | | | | | | | | | | | | | | | | US$ MILLIONS | Gross carrying amount | | Accumulated depreciation | | Accumulated fair value adjustments | | Total | | Balance at January 1, 2024 | $ | 13,438 | | | $ | (990) | | | $ | 1,703 | | | $ | 14,151 | | | Additions, net of disposals | 1,035 | | | 23 | | | — | | | 1,058 | | | | | | | | | | | Non-cash disposals | (224) | | | (6) | | | — | | | (230) | | | Depreciation expense | — | | | (650) | | | — | | | (650) | | | Assets reclassified as held for sale | (1,866) | | | 91 | | | — | | | (1,775) | | | Fair value adjustments | — | | | — | | | 119 | | | 119 | | | Net foreign currency exchange differences | (86) | | | 17 | | | (32) | | | (101) | | | Balance at December 31, 2024 | $ | 12,297 | | | $ | (1,515) | | | $ | 1,790 | | | $ | 12,572 | | Additions, net of disposals(1) | 1,342 | | | 11 | | | — | | | 1,353 | | Acquisitions through business combinations(2) | 90 | | | — | | | — | | | 90 | | | Non-cash additions | 47 | | | 21 | | | — | | | 68 | | | Depreciation expense | — | | | (536) | | | — | | | (536) | | | | | | | | | | | Fair value adjustments | — | | | — | | | 198 | | | 198 | | | Net foreign currency exchange differences | 390 | | | (77) | | | 140 | | | 453 | | | Balance at December 31, 2025 | $ | 14,166 | | | $ | (2,096) | | | $ | 2,128 | | | $ | 14,198 | |
(1) On July 1, 2025, our global intermodal logistics operation acquired the container portfolio of Global Container International LLC (“GCI”), a container fleet operator of approximately half a million twenty-foot equivalent units, for approximately $1.1 billion which was principally comprised of approximately $0.8 billion of property, plant and equipment. The transaction did not meet IFRS 3 Business Combination criteria and was treated as an asset purchase. (2) See Note 5, Acquisition of Businesses, for additional information. The following table summarizes the valuation techniques and significant inputs for our company’s property, plant and equipment assets. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Dec. 31, 2025 | | Dec. 31, 2024 | Valuation
Technique | | Discount
Rate | | Terminal
Value
Multiple | | Investment
Horizon | | Valuation
Technique | | Discount
Rate | | Terminal
Value
Multiple | | Investment
Horizon | | Discounted cash flow model | | 8% | | 15x | | 10 yrs | | Discounted cash flow model | | 8% | | 16x | | 10 yrs |
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