Company: BIPC
Filing Date: 2025-03-24
Form Type: 20-F
Source: 0001628280-25-014377
Chunk: 399

Company: Brookfield Infrastructure Corp
Filing Date: 2025-03-24
Form: 20-F
Item: Item 19
Chunk 399
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-recourse borrowings                               900                 834            1,852      1,273                        4,859  

                                                  Less than                 1-2 years                 5+ years      Total                    
                                                     1 year                                                         contractual              
                                                                                                                    cash flows               
  December 31, 2023                                                                                                                          
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  US$ MILLIONS                                                                                                                               
  Accounts payable and other liabilities                  $        821      $                  4      $             $                   837  
  Non-recourse borrowings                                        1,203      917            5,338                                     12,804  
  Financial liabilities                                  60                 1                         1             75                       
  Exchangeable and class B shares                                4,153      —                         —                               4,153  
  Loans payable to Brookfield Infrastructure             26                 —                         —             26                       
  Interest Expense:                                                                                                                          
  Non-recourse borrowings                               662                 588            1,214      988                             3,452  

(b) Market Risk

Market risk is defined for these purposes as the risk that the fair value or future cash flows of a financial instrument held by our company will fluctuate because of the change in market prices. Market risk includes the risk of changes in interest rates, foreign currency exchange rates and equity prices.

Brookfield Infrastructure Corporation F-59

  BROOKFIELD INFRASTRUCTURE CORPORATION                                                      
  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS                                                 
  As of December 31, 2024 and 2023 and for the years ended December 31, 2024, 2023 and 2022  

Our company seeks to minimize the risks associated with foreign currency exchange rates and interest rates primarily through the use of derivative financial instruments to hedge these risk exposures. The use of financial derivatives is governed by the group’s Treasury Policy. Our company does not enter into, or trade financial instruments, including derivative financial instruments, for speculative purposes.

The Treasury Policy provides written principles on the use of financial derivatives. With respect to its treasury policy, the Service Providers performs the monitoring, review and approval role and report to our board on a regular basis.

Financial instruments held by our company that are subject to market risk include other financial assets, borrowings, derivative instruments, such as interest rate and foreign currency contracts.

Interest Rate Risk Management

Our company’s primary objectives with respect