INVESTMENTS IN ASSOCIATES (Tables)

12 Months Ended

Dec. 31, 2025

Interests In Other Entities [Abstract]

Schedule of Change in Balance of Investment

The following table represents the change in balance of investments in associates:


	For the year ended
US$ MILLIONS	Dec. 31, 2025
Balance at the beginning of the period	$	—
Acquisitions	605
Share of earnings for the year	25


Distributions	(21)
Disposition of interest	(314)
Ending Balance	$	295

Schedule of Associates

The following tables summarize the aggregate balances of investments in associates on a 100% basis:


		As at December 31, 2025
		Total														Attributable 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 portfolio	34%	$	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
	Total								Share of earnings for the period
US$ MILLIONS	Revenue		Net Income		OCI		Total 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
	Total								Attributable to
US$ MILLIONS	Operating		Investing		Financing		Total Cash Flows		Other Ownership Interests		Our company
Stabilized container portfolio	$	177	$	(17)	$	(140)	$	20	$	15	$	5
Total	$	177	$	(17)	$	(140)	$	20	$	15	$	5