The following table represents the change in balance of investments in associates:


US$ MILLIONS	For the six-month period ended June 30, 2026		For the 12-month period ended December 31, 2025
Balance at the beginning of the period	$	295	$	—
Additions	—		605

Share of earnings for the period	9		25


Distributions	(29)		(21)
Disposition of interest	—		(314)
Ending Balance	$	275	$	295

On March 26, 2025, our global intermodal logistics operation sold a 33% partial interest in a stabilized container subsidiary for net proceeds of approximately $120 million to our company (see Note 4 - Disposition of Businesses, for further details) and retained a 67% interest as an investment in associate.

On September 29, 2025, our global intermodal logistics operation sold an additional 33% partial interest in the stabilized container portfolio for net proceeds of approximately $425 million ($115 million to our company). On dispositions, Brookfield Infrastructure recognized a gain on sale of approximately $115 million ($30 million to our company) in other income (expense) on the Consolidated Statements of Operating Results.

The following tables summarize the aggregate balances of investments in associates on a 100% basis:


	As of
US$ MILLIONS	June 30, 2026		December 31, 2025
Financial position:
Total assets	$	1,941	$	2,049
Total liabilities	(1,119)		(1,166)
Net assets	$	822	$	883