GOODWILL

6 Months Ended

Jun. 30, 2026

Disclosure of reconciliation of changes in goodwill [abstract]

The following table presents the carrying amount for our company’s goodwill:


	As of
US$ MILLIONS	June 30, 2026		December 31, 2025
Balance at beginning of the period	$	1,680	$	1,609
Acquisitions through business combinations(1)	—		14
Foreign currency translation and other	28		57
Ending Balance	$	1,708	$	1,680

1.Refer to Note 5, Acquisition of Businesses, for further details.

Goodwill is evaluated for impairment annually or more often if events or circumstances indicate there may be impairment. Impairment is determined by assessing if the carrying value of cash generating units or a group of cash generating units, including the allocated goodwill, exceeds its recoverable amount determined as the greater of the estimated fair value less costs of disposal or the value in use. As at June 30, 2026, the recoverable amount exceeded the carrying amount of each cash generating unit.