Company: BIP-PB
Filing Date: 2025-03-24
Form Type: 20-F
Source: 0001628280-25-014380
Chunk: 531

Company: Brookfield Infrastructure Partners L.P.
Filing Date: 2025-03-24
Form: 20-F
Item: Item 19
Chunk 531
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  Highly liquid securities                Level 1 (1)               $                   91      $                  108  
  Foreign currency forward contracts      Level 2 (2)                                                                   
  Financial asset                                                   $                   78      $                   23  
  Financial liability                                               17                          51                      
  Interest rate swaps & other             Level 2 (2)                                                                   
  Financial asset                                                   $                  671      $                  685  
  Financial liability                                               312                         419                     
  Other contracts                         Level 3 (3)                                                                   
  Financial asset                                                   $                  399      $                  598  
  Financial liability                                               85                          108                     

(1) Valuation technique: Quoted bid prices in an active market.

(2) Valuation technique: Discounted cash flow. Future cash flows are estimated based on observable forward exchange and interest 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.

(3) Valuation technique: Discounted cash flow. Future cash flows primarily driven by assumptions concerning the amount and timing of estimated future cash flows and discount rates.

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

NOTE 9. CASH AND CASH EQUIVALENTS

  US$ MILLIONS                         2024                 2023             
 ─────────────────────────────────────────────────────────────────────────────
  Cash                                 $         1,296      $         1,201  
  Cash equivalents (1)                 686                  440              
  Restricted cash (2)                  89                   216              
  Total cash and cash equivalents      $         2,071      $         1,857  

(1) Short-term, highly liquid investments that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value.

(2) Restricted cash primarily relates to our partnership’s financing arrangements, including debt service accounts. Cash that becomes unrestricted within one year of the reporting date is classified as cash and cash equivalents.

Brookfield Infrastructure F-55

  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