Company: BIPC
Filing Date: 2025-03-24
Form Type: 20-F
Source: 0001628280-25-014377
Chunk: 397

Company: Brookfield Infrastructure Corp
Filing Date: 2025-03-24
Form: 20-F
Item: Item 19
Chunk 397
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The following table presents the change in fair values of our company’s derivative positions during the years ended December 31, 2024 and 2023:

  US$ MILLIONS                       Unrealized Gains      Unrealized Losses                Net Change During 2024      Net Change During 2023             
                                          During 2024      During 2024                                                                                     
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Interest rate swaps and other                   $56      $                      ( 7)      $                           $                           ( 12)  
                                                  $56      $                      ( 7)      $                           $                           ( 12)  

(a) Interest Rates

At December 31, 2024, our company held interest rate and cross currency interest rate swap contracts having an aggregate notional amount of $ 2,556 2,946

Other Information Regarding Derivative Financial Instruments

The following table presents the notional amounts underlying our company’s derivative instruments by term to maturity as at December 31, 2024 and the comparative notional amounts at December 31, 2023. Our Company’s derivative instruments qualify for hedge accounting:

                                     2024                                                  2023                       
  US$ MILLIONS                       < 1 year                                              Total Notional             
                                                                                           Amount                     
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Interest rate swaps and other      $             870      1,436      250      2,556      $                   2,946  
                                     $             870      1,436      250      2,556      $                   2,946  

Brookfield Infrastructure Corporation F-57

  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  

The following table classifies derivatives elected for hedge accounting during the years ended December 31, 2024 and 2023 as either cash flow hedges or net investment hedges. Changes in the fair value of the effective portion of the hedges are recorded in either other comprehensive income or net income, depending on the hedge classification, whereas changes in the fair value of the ineffective portion of the hedge are recorded in net income:

                                                    2024                                                     202