CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($) $ in Millions |
Total |
Total |
The partnership |
Foreign currency translation |
Revaluation surplus |
Other |
Participating non-controlling interests – in a holding subsidiary held by the partnership |
Participating non-controlling interests – in operating subsidiaries |
|---|---|---|---|---|---|---|---|---|
| Beginning balance at Dec. 31, 2024 | $ 12,108 | $ 1,341 | $ (7,825) | $ (1,653) | $ 10,790 | $ 29 | $ 259 | $ 10,508 |
| Net (loss) income | (1,452) | (1,405) | (1,405) | (47) | ||||
| Other comprehensive income (loss) | 410 | 193 | 178 | 16 | (1) | 16 | 201 | |
| Capital contributions (Note 9) | 157 | 157 | ||||||
| Dividends declared | (457) | (5) | (452) | |||||
| Other | (12) | (13) | (23) | (2) | 9 | 3 | 1 | |
| Change in period | (1,354) | (1,225) | (1,428) | 176 | 25 | 2 | 11 | (140) |
| Ending balance at Jun. 30, 2025 | 10,754 | 116 | (9,253) | (1,477) | 10,815 | 31 | 270 | 10,368 |
| Beginning balance at Mar. 31, 2025 | 12,442 | 1,436 | (7,834) | (1,556) | 10,797 | 29 | 269 | 10,737 |
| Net (loss) income | (1,447) | (1,410) | (1,410) | (37) | ||||
| Other comprehensive income (loss) | 10 | 93 | 81 | 15 | (3) | 6 | (89) | |
| Capital contributions (Note 9) | 56 | 56 | ||||||
| Dividends declared | (308) | (5) | (303) | |||||
| Other | 1 | (3) | (9) | (2) | 3 | 5 | 4 | |
| Change in period | (1,688) | (1,320) | (1,419) | 79 | 18 | 2 | 1 | (369) |
| Ending balance at Jun. 30, 2025 | 10,754 | 116 | (9,253) | (1,477) | 10,815 | 31 | 270 | 10,368 |
| Beginning balance at Dec. 31, 2025 | 9,232 | (406) | (10,619) | (1,715) | 11,953 | (25) | 333 | 9,305 |
| Net (loss) income | (3,087) | (2,976) | (2,976) | (7) | (104) | |||
| Other comprehensive income (loss) | 536 | 70 | 96 | 19 | (45) | 15 | 451 | |
| Capital contributions (Note 9) | 391 | 391 | ||||||
| Disposal (Note 2) | 0 | 0 | 82 | (82) | 0 | |||
| Change in ownership (Note 2) | 0 | (231) | (39) | (192) | 231 | |||
| Dividends declared | (525) | (525) | ||||||
| Other | 199 | 220 | 213 | (2) | 12 | (3) | (21) | |
| Change in period | (2,486) | (2,917) | (2,720) | 94 | (243) | (48) | 8 | 423 |
| Ending balance at Jun. 30, 2026 | 6,746 | (3,323) | (13,339) | (1,621) | 11,710 | (73) | 341 | 9,728 |
| Beginning balance at Mar. 31, 2026 | 6,983 | (2,632) | (12,756) | (1,668) | 11,863 | (71) | 336 | 9,279 |
| Net (loss) income | (785) | (790) | (790) | (4) | 9 | |||
| Other comprehensive income (loss) | 496 | 73 | 48 | 22 | 3 | 9 | 414 | |
| Capital contributions (Note 9) | 203 | 203 | ||||||
| Disposal (Note 2) | 0 | 0 | 82 | (82) | ||||
| Change in ownership (Note 2) | 0 | (100) | (2) | (98) | 100 | |||
| Dividends declared | (241) | (241) | ||||||
| Other | 90 | 126 | 127 | (1) | 5 | (5) | (36) | |
| Change in period | (237) | (691) | (583) | 47 | (153) | (2) | 5 | 449 |
| Ending balance at Jun. 30, 2026 | $ 6,746 | $ (3,323) | $ (13,339) | $ (1,621) | $ 11,710 | $ (73) | $ 341 | $ 9,728 |