Company: BIP-PB
Filing Date: 2025-03-24
Form Type: 20-F
Source: 0001628280-25-014380
Chunk: 528

Company: Brookfield Infrastructure Partners L.P.
Filing Date: 2025-03-24
Form: 20-F
Item: Item 19
Chunk 528
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 values determined using valuation models require the use of assumptions concerning the amount and timing of estimated future cash flows and discount rates. In determining those assumptions, Brookfield Infrastructure looks primarily to external readily observable market inputs such as interest rate yield curves, currency rates, and price and rate volatilities as applicable. The fair value of interest rate swap contracts which form part of financing arrangements is calculated by way of discounted cash flows using market interest rates and applicable credit spreads.

Classification of Financial Instruments

Financial instruments classified as fair value through profit or loss are carried at fair value on the Consolidated Statements of Financial Position. Changes in the fair values of financial instruments classified as fair value through profit or loss are recognized in profit or loss. Mark-to-market adjustments on hedging items for those in an effective hedging relationship and changes in the fair value of securities designated as fair value through other comprehensive income are recognized in other comprehensive income.

F-50 Brookfield Infrastructure

  BROOKFIELD INFRASTRUCTURE PARTNERS L. P.                                                   
  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)                                     
  As of December 31, 2024 and 2023 and for the years ended December 31, 2024, 2023 and 2022  

Carrying Value and Fair Value of Financial Instruments

The following table provides the allocation of financial instruments and their associated financial instrument classifications as at December 31, 2024:

  US$ MILLIONS                                                                                                                                                                              
  Financial Instrument Classification                                                                                                                                                       
  MEASUREMENT BASIS                                        Fair value through profit or loss                 Fair value through OCI      Amortized Cost                  Total              
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Financial assets                                                                                                                                                                          
  Cash and cash equivalents                                $                                      —          $                           $                    2,071      $           2,071  
  Accounts receivable and other                            —                                                 —                                                7,130                  7,130  
  Financial assets (current and non-current) (1)                                                  1,214      25                          156                                         1,395  
  Total                                                    $                                      1,214      $                           $                    9,357      $          10,596  
  Financial liabilities                                                                                                                                                                     
  Corporate borrowings                                     $                                      —          $                           $                    4,542      $           4,542  
  Non-recourse borrowings (current and non-current)