v3.26.1
PROPERTY, PLANT AND EQUIPMENT
 6 Months Ended
Jun. 30, 2026
Property, plant and equipment [abstract]  
PROPERTY, PLANT AND EQUIPMENT PROPERTY, PLANT AND EQUIPMENT
US$ MILLIONSUtilitiesTransportMidstreamDataTotal
Gross carrying amount:
Balance at December 31, 2024$8,567 $17,574 $14,744 $13,815 $54,700 
Acquisitions through business combinations104 — 8,898 2,852 11,854 
Additions, net of disposals583 1,365 804 2,343 5,095 
Assets held by subsidiaries disposed during the period(1)(807)(1)(5)(814)
Non-cash additions (disposals) — 117 27 79 223 
Assets reclassified as held for sale— (736)— — (736)
Net foreign currency exchange differences440 332 710 (463)1,019 
Balance at December 31, 2025$9,693 $17,845 $25,182 $18,621 $71,341 
Additions, net of disposals (1)
310 1,384 356 605 2,655 
Assets reclassified as held for sale (3)
— (988)(312)— (1,300)
Non-cash (disposals) additions(24)(15)(81)(87)(207)
Assets held by subsidiaries disposed during the period— (24)— (2,300)(2,324)
Net foreign currency exchange differences(157)58 (497)(484)(1,080)
Balance at June 30, 2026$9,822 $18,260 $24,648 $16,355 $69,085 
Accumulated depreciation:
Balance at December 31, 2024$(2,068)$(3,284)$(1,946)$(1,962)$(9,260)
Depreciation expense(429)(897)(781)(1,007)(3,114)
Disposals48 24 1 3 76 
Assets reclassified as held for sale— 268 — — 268 
Assets held by subsidiaries disposed during the period1 363 — 2 366 
Non-cash disposals43 34 29 57 163 
Net foreign currency exchange differences(87)(145)(106)84 (254)
Balance at December 31, 2025$(2,492)$(3,637)$(2,803)$(2,823)$(11,755)
Depreciation expense(224)(401)(498)(550)(1,673)
Disposals22 15 1 66 104 
Assets reclassified as held for sale (3)
— 282 58 — 340 
Assets held by subsidiaries disposed during the period— 18 — 42 60 
Non-cash disposals24 38 19 40 121 
Net foreign currency exchange differences48 (29)79 102 200 
Balance at June 30, 2026$(2,622)$(3,714)$(3,144)$(3,123)$(12,603)
Accumulated fair value adjustments:
Balance at December 31, 2024$1,969 $1,393 $2,033 $12 $5,407 
Fair value adjustments198 2 1,603 — 1,803 
Net foreign currency exchange differences171 90 16 — 277 
Assets held by subsidiaries disposed during the period$— $(276)$— $— $(276)
Balance at December 31, 2025$2,338 $1,209 $3,652 $12 $7,211 
Net foreign currency exchange differences(12)37 (24)(2)(1)
Balance at June 30, 2026$2,326 $1,246 $3,628 $10 $7,210 
Net book value:
December 31, 2025$9,539 $15,417 $26,031 $15,810 $66,797 
June 30, 2026(2)
$9,526 $15,792 $25,132 $13,242 $63,692 
1.On January 1, 2026, our partnership acquired a North American railcar leasing platform through a joint venture with GATX Corporation for approximately $1.1 billion, which was principally comprised of approximately $1.0 billion of property, plant and equipment. The transaction did not meet IFRS 3 Business Combination criteria and was treated as an asset purchase.
2.Includes right-of-use assets of $270 million in our utilities segment, $702 million in our transport segment, $297 million in our midstream segment and $2,817 million in our data segment. Current lease liabilities of $586 million have been included in accounts payable and other and non-current lease liabilities of $3,719 million have been included in other liabilities in the Consolidated Statements of Financial Position.
3.See Note 4, Assets and Liabilities Classified as Held for Sale, for additional information.
The partnership’s property, plant, and equipment is measured at fair value on a recurring basis with an effective date of revaluation for all asset classes of December 31, 2025. Brookfield Infrastructure determined fair value under the income method or on a depreciated replacement cost basis. The partnership’s right-of-use assets recorded as property, plant, and equipment are measured using the cost model. Assets under development are revalued where fair value could be reliably measured.