Company: BIPC
Filing Date: 2025-03-24
Form Type: 20-F
Source: 0001628280-25-014377
Chunk: 383

Company: Brookfield Infrastructure Corp
Filing Date: 2025-03-24
Form: 20-F
Item: Item 19
Chunk 383
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 at fair value on a recurring basis. The following table summarizes the valuation techniques and significant inputs for our company’s financial assets and financial liabilities:

  US$ MILLIONS                     Fair value hierarchy      Dec. 31, 2024               Dec. 31, 2023           
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Interest rate swaps & other      Level 2 (1)                                                                   
  Financial assets                                           $                  232      $                  103  
  Financial liabilities                                      33                          75                      

(1) Valuation technique: Discounted cash flow. Future cash flows are estimated based on forward exchange rates (from observable forward exchange rates at the end of the reporting period) and contract forward rates, discounted at a rate that reflects our credit risk and the credit risk of various counterparties.

During the year, no transfers were made between level 1 and 2 or level 2 and 3.

F-34 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 7. CASH AND CASH EQUIVALENTS

                                       As of December 31,                              
  US$ MILLIONS                         2024                             2023           
 ───────────────────────────────────────────────────────────────────────────────────────
  Cash                                 $                        68      $         111  
  Cash equivalents (1)                 606                              428            
  Total cash and cash equivalents      $                       674      $         539  

(1) Short-term, highly liquid investments with maturities of less than 90 days at acquisition that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value.

NOTE 8. ACCOUNTS RECEIVABLE AND OTHER

                                  As of December 31,                                  
  US$ MILLIONS                    2024                               2023             
 ──────────────────────────────────────────────────────────────────────────────────────
  Current:                                                                            
  Accounts receivable (1)         $                         648      $           797  
  Finance lease receivables       108                                91               
  Prepayments & other assets      30                                 51               
  Total current                   $                         786      $           939