v3.26.1
REVENUE
 6 Months Ended
Jun. 30, 2026
Revenue [abstract]  
REVENUE REVENUE
a)Revenues by service line
Substantially all of these revenues are recognized over time as services are rendered. The following table disaggregates revenues by service line:
For the three-month
period ended June 30		For the six-month
period ended June 30
US$ MILLIONS2026202520262025
Gas Transmission$375 $353 $706 $696 
Leasing317 308 634 697 
Distribution171 137 343 278 
Connections69 54 126 101 
Other8 14 15 23 
Total$940 $866 $1,824 $1,795 
During the three and six-month periods ended June 30, 2026, revenues benefited from inflationary tariff increases and capital commissioned into rate base, which was offset by the partial disposition of stabilized assets at our global intermodal logistics operation.
b)Revenues from external customers
The following table disaggregates revenues by geographical region:
For the three-month
period ended June 30		For the six-month
period ended June 30
US$ MILLIONS2026202520262025
Brazil$375 $353 $707 $697 
United Kingdom249 199 485398 
Switzerland62 67 129151 
Singapore62 67 127152 
France71 62 134138 
Denmark34 33 7074 
China27 23 5253 
Hong Kong16 17 3236 
United States9 10 1822 
Germany7 6 1515 
Other28 29 55 59 
Total(1)
$940 $866 $1,824 $1,795 
1.Our company generates the majority of its leasing revenues from international containers which are deployed by customers in a wide variety of global trade routes. Leasing revenue contracts are denominated in U.S. dollars and are disaggregated by geographical region where our customers are domiciled.
Our company’s customer base is comprised predominantly of investment grade companies, with only one customer that makes up greater than 10% of our company’s consolidated revenues. For the three and six-month periods ended June 30, 2026, revenue generated from this customer was $309 million and $597 million, respectively (2025: $307 million and $616 million). Our company has completed a review of the credit risk of key counterparties. Based on their liquidity position, business performance, and aging of our accounts receivable, we do not have any significant changes in expected credit losses at this time.