v3.26.1
PROPERTY, PLANT AND EQUIPMENT (Tables)
 6 Months Ended
Jun. 30, 2026
Property, plant and equipment [abstract]  
Disclosure of detailed information about 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.