Company: BIPC
Filing Date: 2025-03-24
Form Type: 20-F
Source: 0001628280-25-014377
Chunk: 380

Company: Brookfield Infrastructure Corp
Filing Date: 2025-03-24
Form: 20-F
Item: Item 19
Chunk 380
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 Total liabilities associated with assets held for sale                         1,209  
  Net assets classified as held for sale                      $                    749  

F-28 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 5. ACQUISITION OF BUSINESSES

Acquisitions Completed in 2023

a) Acquisition of a Global Intermodal Logistics Operation

On September 28, 2023, our company, alongside institutional partners (the “ Triton consortium”) completed the acquisition of Triton International Limited (“ Triton”), the world’s largest owner and lessor of intermodal shipping containers, for consideration of $ 1.2 4.5 28 49

Consideration Transferred:

  US$ MILLIONS                                               
  Cash                                       $          350  
  BIPC exchangeable shares                   751             
  Pre-existing interest in the business      55              
  Total consideration                        $        1,156  

Fair value of assets and liabilities acquired:

  US$ MILLIONS                                                                  
  Cash and cash equivalents                                       $        491  
  Accounts receivable and other (1)                                      1,871  
  Property, plant and equipment                                          8,811  
  Intangible assets                                             710             
  Goodwill                                                               1,163  
  Accounts payable and other liabilities                     ( 408)             
  Non-recourse borrowings                                  ( 7,041)             
  Deferred income tax liabilities                            ( 444)             
  Net assets acquired before non-controlling interest                    5,153  
  Non-controlling interest (2)                             ( 3,997)             
  Net assets acquired                                             $      1,156  

(1) Accounts receivable and other primarily comprised of finance lease receivables, trade receivables, and other financial assets.

(2) Non-controlling interest includes $ 641

Brookfield Infrastructure Corporation F-29

  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 acquired intangible assets of $ 0.