The company`s non-controlling interests are comprised of the following: | | | | | | | | | | | | | (MILLIONS) | June 30, 2026 | | December 31, 2025 | | Non-controlling interests | | | | Participating non-controlling interests – in operating subsidiaries | $ | 9,728 | | | $ | 9,305 | | | Participating non-controlling interests – in a holding subsidiary held by the partnership | 341 | | | 333 | | | | | | | $ | 10,069 | | | $ | 9,638 | |
The net change in participating non-controlling interests – in operating subsidiaries is as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (MILLIONS) | Interests held by third parties | | As at December 31, 2025 | | Net income (loss) | | Other comprehensive (loss) income | | Capital contributions | | | | | | Distributions | | Change in Ownership | | Other | | As at June 30, 2026 | | Brookfield Americas Infrastructure Fund | 78% | | $ | 39 | | | $ | — | | | $ | — | | | $ | — | | | | | | | $ | — | | | $ | — | | | $ | (1) | | | $ | 38 | | | Brookfield Infrastructure Fund II | 43% - 60% | | 1,171 | | | 7 | | | (10) | | | — | | | | | | | (352) | | | — | | | (7) | | | 809 | | | Brookfield Infrastructure Fund III | 35% - 71% | | 745 | | | (50) | | | (41) | | | — | | | | | | | (2) | | | — | | | (3) | | | 649 | | | Brookfield Infrastructure Fund IV | 75% | | 871 | | | (36) | | | 56 | | | — | | | | | | | — | | | — | | | — | | | 891 | | | | | | | | | | | | | | | | | | | | | | | | | Brookfield Infrastructure Income Fund | 7% - 25% | | 812 | | | (3) | | | 47 | | | — | | | | | | | (17) | | | — | | | (2) | | | 837 | | | Isagen institutional partners | 54% | | 4,268 | | | 27 | | | 427 | | | — | | | | | | | (138) | | | — | | | — | | | 4,584 | | | Isagen public non-controlling interests | 0.3% | | 24 | | | — | | | 2 | | | — | | | | | | | — | | | — | | | — | | | 26 | | | The Catalyst Group | 25% | | 196 | | | 7 | | | — | | | — | | | | | | | — | | | — | | | — | | | 203 | | | TerraForm Power | 19% | | 113 | | | (21) | | | (1) | | | — | | | | | | | — | | | — | | | (1) | | | 90 | | | Other | 1.3% - 80% | | 1,066 | | | (35) | | | (29) | | | 391 | | | | | | | (16) | | | 231 | | | (7) | | | 1,601 | | | Total | | | $ | 9,305 | | | $ | (104) | | | $ | 451 | | | $ | 391 | | | | | | | $ | (525) | | | $ | 231 | | | $ | (21) | | | $ | 9,728 | |
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