Company: BIP-PB
Filing Date: 2025-03-24
Form Type: 20-F
Source: 0001628280-25-014380
Chunk: 540

Company: Brookfield Infrastructure Partners L.P.
Filing Date: 2025-03-24
Form: 20-F
Item: Item 19
Chunk 540
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4                      2023                  
 ─────────────────────────────────────────────────────────────────────────────────────────────────────
  Accumulated amortization at beginning of year      $           ( 2,777)      $           ( 1,896)  
  Non-cash additions (disposals)                     68                        ( 2)                  
  Amortization                                       ( 824)                    ( 770)                
  Held for sale                                      4                         —                     
  Foreign currency translation                       311                       ( 109)                
  Accumulated amortization at end of year            $           ( 3,218)      $           ( 2,777)  

F-68 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  

NOTE 16. GOODWILL

The following table presents the carrying amount for Brookfield Infrastructure’s goodwill:

  US$ MILLIONS                                                    2024                    2023               
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Balance at beginning of the year                                $           14,488      $           8,789  
  Acquisitions through business combinations (1)                  294                                 5,334  
  Assets held by subsidiaries disposed during the period (2)      ( 149)                  ( 36)              
  Foreign currency translation and other                          ( 532)                  401                
  Balance at end of the year                                      $           14,101      $          14,488  

(1) See Note 7, Acquisition of Businesses, for additional information.

(2) Assets held by subsidiaries disposed during the period includes the deconsolidation of goodwill balances from our Peruvian toll road operations (refer to Note 34, Related Party Transactions, for additional information) and the disposition of a subsidiary of our Australian port operations (refer to Note 5, Disposition of Businesses, for additional information).

Goodwill is evaluated for impairment annually or more often if events or circumstances indicate there may be impairment. Impairment is determined by assessing if the carrying value of cash generating units or a group of cash generating units, including the allocated goodwill, exceeds its recoverable amount determined as the greater of the estimated fair value less