Company: BIPC
Filing Date: 2025-03-24
Form Type: 20-F
Source: 0001628280-25-014377
Chunk: 393

Company: Brookfield Infrastructure Corp
Filing Date: 2025-03-24
Form: 20-F
Item: Item 19
Chunk 393
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  Deferred tax arising on income and expenses recognized in other comprehensive income                                                                                    
  Revaluation of property, plant and equipment                                              $                                    30      $         36      $          25  
  Cash flow hedges                                                                          ( 6)                                         6                 ( 19)          
  Other                                                                                     —                                            ( 8)              8              
  Total income tax recognized directly in other comprehensive income                        $                                    24      $         34      $          14  

F-52 Brookfield Infrastructure Corporation

  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  

NOTE 21. ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

Attributable to Brookfield Infrastructure Partners L. P.

  US$ MILLIONS                           Revaluation                 Foreign                                 Equity accounted investments      Accumulated    
                                         Surplus                     Currency                                                                  Other          
                                                                     Translation                                                               Comprehensive  
                                                                                                                                               Income         
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Balance at December 31, 2022           $                1,005      $                ( 709)      ( 17)      $                                 $              
  Other comprehensive income (loss)      85                          109                                     ( 27)                             167            
  Balance at December 31, 2023           $                1,090      $                ( 600)      ( 17)      $                                 $              
  Other comprehensive income             71                          35                                      —                                 108            
  Balance at December 31, 2024           $                1,161      $                ( 565)      ( 15)      $                                 $              

NOTE 22. CONTRACTUAL COMMITMENTS

In the normal course of business, our company will enter into contractual obligations which include commitments relating primarily to contracted project costs for various growth initiatives such as committed expenditures associated with gas and electricity sales contracts at our U. K. regulated distribution operation. As at December 31, 2024, our company had $ 560 695 21 64 15

In addition, pursuant to the Master Service Agreement, on a quarterly basis