v3.26.1
FINANCIAL LIABILTIES (Tables)
 6 Months Ended
Jun. 30, 2026
Financial Instruments [Abstract]  
Schedule of Financial Liabilities
As of
US$ MILLIONSJune 30, 2026December 31, 2025
Current:
Interest rate swaps$29 $17 
Total current financial liabilities$29 $17 
Non-current:
Interest rate swaps$28 $6 
Total non-current financial liabilities$28 $6 
The following table provides a continuity schedule of outstanding exchangeable shares, class A.2 shares, class B shares, and class C shares along with our corresponding liability and remeasurement gains and losses:
Exchangeable shares outstanding
(Shares)		Class A.2 shares outstanding (Shares)BIHC Class B shares outstanding
(Shares)		Class C shares outstanding (Shares)Shares classified as financial liability
(US$ Millions)
Balance at January 1, 2025119,039,120 13,012,789 3 11,117,660 $4,644 
Share issuance833,272 — — — 38 
Share issuance - BIPC exchangeable LP unit exchanges155,557 — — — 7 
Shares exchanged to units(45,782)— — — (1)
Remeasurement of liability— — — — 441 
Balance at December 31, 2025119,982,167 13,012,789 3 11,117,660 $5,129 
Share issuance2,982,920 — — — 139 
Share issuance - BIPC exchangeable LP unit exchanges48,473 — — — 2 
Shares exchanged to units(8,174)— — — — 
Remeasurement of liability— — — — 122 
Balance at June 30, 2026123,005,386 13,012,789 3 11,117,660 $5,392