v3.26.1
UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
$ in Millions
Total
Class A shareholders
Special shareholder
 [1]
Capital
Class A shareholders
Retained earnings
Class A shareholders
Ownership changes
Class A shareholders
Accumulated other comprehensive income (loss)
Class A shareholders
 [2]
Preferred securities
Interest of others in operating subsidiaries
Beginning balance at Dec. 31, 2024 $ 17,308 $ 5,117 $ 0 $ 3,989 $ 1,458 $ 328 $ (658) $ 740 $ 11,451
Net income (loss) 391 106     106     26 259
Other comprehensive income (loss) 838 416         416   422
Total comprehensive income (loss) 1,229 522     106   416 26 681
Contributions 136               136
Distributions and capital paid [3] (3,645) (27)     (27)     (26) (3,592)
Ownership changes and other [3] (168) (29)     (29)       (139)
Unit repurchases [3] (157) (157)   (157)          
Acquisition of interest [4] 618               618
Ending balance at Jun. 30, 2025 15,321 5,426 0 3,832 1,508 328 (242) 740 9,155
Beginning balance at Dec. 31, 2025 15,311 5,451 0 3,765 1,286 603 (203) 740 9,120
Net income (loss) 309 77     77     26 206
Other comprehensive income (loss) 76 35         35   41
Total comprehensive income (loss) 385 112     77   35 26 247
Contributions 305               305
Distributions and capital paid [3] (478) (26)     (26)     (26) (426)
Ownership changes and other 13 (9)     (1) [3] (8)     22
Unit repurchases [3] (97) (97)   (97)          
Ending balance at Jun. 30, 2026 $ 15,439 $ 5,431 $ 0 $ 3,668 $ 1,336 $ 595 $ (168) $ 740 $ 9,268
[1]
(1)For the periods prior to the completion of the Arrangement on March 27, 2026, reflects amounts previously attributable to LP Units, Redemption-Exchange Units and BBHC exchangeable shares, which were exchanged for Class A Shares on a one-for-one basis, and amounts previously attributable to Special LP Units, which were exchanged for Special Shares on a one-for-one basis. See Note 2(b) for additional information.
[2] See Note 21 for additional information.
[3] See Note 20 for additional information on distributions, share repurchases, and ownership changes and other.
[4] See Note 3 for additional information.