v3.26.1
INTANGIBLE ASSETS (Tables)
 6 Months Ended
Jun. 30, 2026
Intangible Assets [Abstract]  
Schedule of Reconciliation of Changes in Intangible Assets and Goodwill
As of
US$ MILLIONSJune 30, 2026December 31, 2025
Cost$4,476 $4,207 
Accumulated amortization(1,238)(1,105)
Total$3,238 $3,102 
The following table presents the change in the cost balance of intangible assets:
US$ MILLIONSFor the six-month period ended June 30, 2026For the 12-month period ended December 31, 2025
Cost at beginning of the period$4,207 $3,762 
Acquisitions through business combinations(1)
— 13 
Additions, net of disposals46 40 
Non-cash additions4 — 
Foreign currency translation219 392 
Ending Balance$4,476 $4,207 
1.Refer to Note 5, Acquisition of Businesses, for further details.
The following table presents the accumulated amortization for our company’s intangible assets:
US$ MILLIONSFor the six-month period ended June 30, 2026For the 12-month period ended December 31, 2025
Accumulated amortization at beginning of the period$(1,105)$(870)
Amortization(73)(132)
Foreign currency translation(60)(103)
Ending Balance$(1,238)$(1,105)
The following table presents the carrying amount for our company’s goodwill:
As of
US$ MILLIONSJune 30, 2026December 31, 2025
Balance at beginning of the period$1,680 $1,609 
Acquisitions through business combinations(1)
— 14 
Foreign currency translation and other28 57 
Ending Balance$1,708 $1,680 
1.Refer to Note 5, Acquisition of Businesses, for further details.
Schedule of Detailed Information about Intangible Assets
Intangible assets are allocated to the following cash generating units:
As of
US$ MILLIONSJune 30, 2026December 31, 2025
Brazilian regulated gas transmission operation$2,661 $2,509 
Global intermodal logistics operation560 570 
U.K. regulated distribution operation17 23 
Total$3,238 $3,102