Brookfield Business Partners (BBU) 6-K 5 Aug 22 2022 Q2 Unaudited Interim Condensed Consolidated Financial Statements of Financial data

Cover Page

Cover Page	6 Months Ended
	Jun. 30, 2022
Cover [Abstract]
Document Type	6-K
Entity Registrant Name	BROOKFIELD BUSINESS PARTNERS L.P.
Entity Central Index Key	0001654795
Current Fiscal Year End Date	--12-31
Document Period End Date	Jun. 30, 2022
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2
Amendment Flag	false

UNAUDITED INTERIM CONDENSED CON

UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Current Assets
Cash and cash equivalents	$ 2,399	$ 2,588
Financial assets	2,671	2,014
Accounts and other receivable, net	5,905	4,945
Inventory, net	5,474	4,512
Other assets	1,594	1,359
Current assets	18,043	15,418
Financial assets	10,512	6,536
Accounts and other receivable, net	744	693
Other assets	546	488
Property, plant and equipment	15,172	15,325
Deferred income tax assets	1,211	888
Intangible assets	19,220	14,806
Equity accounted investments	1,940	1,480
Goodwill	9,907	8,585
Total assets	77,295	64,219
Current Liabilities
Accounts payable and other	12,644	11,850
Non-recourse borrowings in subsidiaries of the partnership	3,121	2,062
Current liabilities	15,765	13,912
Accounts payable and other	7,367	7,786
Corporate borrowings	1,981	1,619
Non-recourse borrowings in subsidiaries of the partnership	35,391	25,395
Deferred income tax liabilities	2,762	2,507
Total liabilities	63,266	51,219
Equity
Limited partners	1,416	2,252
Non-controlling interests attributable to:
Redemption-exchange units	1,325	2,011
Special limited partners	0	0
Preferred shares	15	15
BBUC exchangeable shares	1,385	0
Interest of others in operating subsidiaries	9,888	8,722
Total equity	14,029	13,000
Total equity and liabilities	$ 77,295	$ 64,219

UNAUDITED INTERIM CONDENSED C_2

UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF OPERATING RESULTS - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Profit or loss [abstract]
Revenues	$ 14,626	$ 11,235	$ 28,098	$ 21,064
Direct operating costs	(13,674)	(10,549)	(26,269)	(19,527)
General and administrative expenses	(310)	(253)	(610)	(504)
Interest income (expense), net	(556)	(351)	(1,016)	(699)
Equity accounted income (loss), net	41	7	91	36
Impairment reversal (expense), net	78	0	78	(201)
Gain (loss) on acquisitions/dispositions, net	0	16	0	1,823
Other income (expense), net	(218)	(97)	(317)	(58)
Income (loss) before income tax	(13)	8	55	1,934
Income tax (expense) recovery
Current	(75)	(118)	(154)	(311)
Deferred	382	81	412	115
Net income (loss)	294	(29)	313	1,738
Attributable to:
Limited partners	49	(50)	63	231
Non-controlling interests attributable to:
Redemption-exchange units	46	(44)	58	205
Special limited partners	0	79	0	79
Preferred shares	0	0	0	0
BBUC exchangeable shares	48	0	50	0
Interest of others in operating subsidiaries	151	(14)	142	1,223
Net income (loss)	$ 294	$ (29)	$ 313	$ 1,738
Basic earnings (loss) per limited partner unit (in usd per share)	$ 0.65	$ (0.63)	$ 0.83	$ 2.94
Diluted earnings (loss) per limited partner unit (in dollars per share)	$ 0.65	$ (0.63)	$ 0.83	$ 2.94

UNAUDITED INTERIM CONDENSED C_3

UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Statement of comprehensive income [abstract]
Net income (loss)	$ 294	$ (29)	$ 313	$ 1,738
Items that may be reclassified subsequently to profit or loss:
Fair value through other comprehensive income	(143)	7	(323)	(92)
Foreign currency translation	(820)	368	(453)	38
Net investment and cash flow hedges	346	(145)	368	89
Equity accounted investments	(1)	3	(1)	1
Taxes on the above items	9	3	55	21
Reclassification to profit or loss	30	18	42	19
Other comprehensive income that will be reclassified to profit or loss, net of tax	(579)	254	(312)	76
Items that will not be reclassified subsequently to profit or loss:
Fair value through other comprehensive income	(153)	60	(269)	160
Taxes on the above item	10	(8)	13	(20)
Total other comprehensive income (loss)	(722)	306	(568)	216
Comprehensive income (loss)	(428)	277	(255)	1,954
Attributable to:
Limited partners	(33)	(1)	(6)	270
Non-controlling interests attributable to:
Redemption-exchange units	(30)	1	(6)	241
Special limited partners	0	79	0	79
Preferred shares	0	0	0	0
BBUC exchangeable shares	(32)	0	(28)	0
Interest of others in operating subsidiaries	(333)	198	(215)	1,364
Comprehensive income (loss)	$ (428)	$ 277	$ (255)	$ 1,954

UNAUDITED INTERIM CONDENSED C_4

UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($) $ in Millions		Total		Limited partners		Redemption- exchange units		Special limited partner units	Capital Limited partners	Retained earnings Limited partners		Ownership changes Limited partners		Accumulated other comprehensive income (loss) Limited partners		Preferred shares	BBUC exchangeable shares	Interest of others in operating subsidiaries
Beginning balance at Dec. 31, 2020		$ 11,337		$ 1,928		$ 1,549			$ 2,275	$ (235)		$ 68		$ (180)	[1]	$ 15		$ 7,845
Net income (loss)		1,738		231		205		$ 79		231								1,223
Other comprehensive income (loss)		216		39		36								39	[1]			141
Comprehensive income (loss)		1,954		270		241		79		231				39	[1]			1,364
Contributions		1,016																1,016
Distributions	[2]	(1,377)		(10)		(8)		(79)		(10)								(1,280)
Ownership changes	[3]	(1,857)		59		196				58		39		(38)	[1]			(2,112)
Unit repurchases	[2]	(17)		(17)					(17)
Acquisition of interest	[4]	140																140
Ending balance at Jun. 30, 2021		11,196		2,230		1,978		0	2,258	44		107		(179)	[1]	15		6,973
Beginning balance at Dec. 31, 2021		13,000		2,252		2,011		0	2,192	63		150		(153)	[1]	15	$ 0	8,722
Net income (loss)		313		63		58				63							50	142
Other comprehensive income (loss)		(568)		(69)		(64)								(69)	[1]		(78)	(357)
Comprehensive income (loss)		(255)		(6)		(6)				63				(69)	[1]		(28)	(215)
Contributions		865																865
Distributions		(1,474)	[2]	(9)	[2]	(9)	[2]			(9)	[2]						5	(1,451)	[2]
Ownership changes		121	[3]	(4)	[3]	9	[3]			11	[3]	(19)	[3]	4	[1],[3]		(1)	117	[3]
Unit repurchases	[2]	(78)		(78)					(78)
Issuance of BBUC exchangeable shares				(739)		(680)						(786)		47			1,419
Acquisition of interest	[4]	1,850																1,850
Ending balance at Jun. 30, 2022		$ 14,029		$ 1,416		$ 1,325		$ 0	$ 2,114	$ 128		$ (655)		$ (171)	[1]	$ 15	$ 1,385	$ 9,888
[1]See Note 20 for additional information.[2]See Note 19 for additional information on distributions and Unit repurchases.[3]Includes gains or losses on changes in ownership interests of consolidated subsidiaries.[4]See Note 3 for additional information.

UNAUDITED INTERIM CONDENSED C_5

UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Operating Activities
Net income (loss)	$ 313	$ 1,738
Adjusted for the following items:
Equity accounted earnings, net of distributions	1	(4)
Impairment reversal (expense), net	(78)	201
Depreciation and amortization expense	1,488	1,095
Gain on acquisitions/dispositions, net	0	(1,823)
Provisions and other items	325	11
Deferred income tax expense (recovery)	(412)	(115)
Changes in non-cash working capital, net	(1,413)	(285)
Cash from operating activities	224	818
Financing Activities
Proceeds from non-recourse subsidiary borrowings of the partnership	11,366	2,430
Repayment of non-recourse subsidiary borrowings of the partnership	(4,082)	(2,500)
Proceeds from corporate borrowings	651	260
Repayment of corporate borrowings	(290)	(443)
Proceeds from other financing	23	97
Repayment of other financing	(50)	(57)
Proceeds from (repayment of) other credit facilities, net	265	(69)
Lease liability repayment	(185)	(127)
Capital provided by others who have interests in operating subsidiaries	2,787	1,357
Capital paid to others who have interests in operating subsidiaries	0	(1,287)
Partnership units repurchased	(78)	(17)
Distributions to limited partners, Redemption-Exchange unitholders and BBUC exchangeable shareholders	(23)	(18)
Distributions to Special LP Unitholder	(78)	0
Distributions to others who have interests in operating subsidiaries	(1,447)	(1,279)
Cash from (used in) financing activities	8,859	(1,653)
Acquisitions
Subsidiaries, net of cash acquired	(7,657)	(242)
Property, plant and equipment and intangible assets	(791)	(556)
Equity accounted investments	(126)	(4)
Financial assets and other	(1,730)	(1,815)
Dispositions
Subsidiaries, net of cash disposed	0	349
Property, plant and equipment and intangible assets	51	42
Equity accounted investments	0	325
Financial assets and other	1,777	1,645
Net settlement of hedges	141	4
Restricted cash and deposits	(880)	396
Cash from (used in) investing activities	(9,215)	144
Cash and cash equivalents
Change during the period	(132)	(691)
Impact of foreign exchange	(57)	24
Balance, beginning of year	2,588	2,743
Balance, end of period	$ 2,399	$ 2,076

NATURE AND DESCRIPTION OF THE P

NATURE AND DESCRIPTION OF THE PARTNERSHIP	6 Months Ended
	Jun. 30, 2022
Corporate Information And Statement Of IFRS Compliance [Abstract]
NATURE AND DESCRIPTION OF THE PARTNERSHIP	NATURE AND DESCRIPTION OF THE PARTNERSHIP Brookfield Business Partners L.P. and its subsidiaries (collectively, “the partnership”) is an owner and operator of services and industrials operations (“the Business”) on a global basis. Brookfield Business Partners L.P. was established as a limited partnership under the laws of Bermuda, and organized pursuant to a limited partnership agreement as amended on May 31, 2016, and as thereafter amended. Brookfield Business Partners L.P. is a subsidiary of Brookfield Asset Management Inc. (“Brookfield Asset Management” or “Brookfield” or the “parent company”). Brookfield Business Partners L.P.’s limited partnership units are listed on the New York Stock Exchange (“NYSE”) and the Toronto Stock Exchange (“TSX”) under the symbols “BBU” and “BBU.UN”, respectively. The registered head office of Brookfield Business Partners L.P. is 73 Front Street, 5th Floor, Hamilton HM 12, Bermuda. Brookfield Business Partners L.P.’s sole direct investment is a managing general partnership interest in Brookfield Business L.P. (the “Holding LP”), which holds the partnership’s interests in services and industrials operations. The partnership’s consolidated equity interests include the non-voting publicly traded limited partnership units (“LP Units”) held by public unitholders and Brookfield, general partner units held by Brookfield (“GP Units”), redemption-exchange partnership units (“Redemption-Exchange Units”) in the Holding LP held by Brookfield, special limited partnership units (“Special LP Units”) in the Holding LP held by Brookfield, and class A exchangeable subordinate voting shares (“BBUC exchangeable shares”) of Brookfield Business Corporation (“BBUC”), a consolidated subsidiary of the partnership, held by the public and Brookfield. Holders of the LP Units, GP Units, Redemption-Exchange Units, Special LP Units and BBUC exchangeable shares will be collectively referred to throughout as “Unitholders”, unless the context indicates or requires otherwise. LP Units, GP Units, Redemption-Exchange Units, Special LP Units and BBUC exchangeable shares will be collectively referred to throughout as “Units” unless the context indicates or requires otherwise. Brookfield Business Corporation On March 15, 2022, the partnership completed a special distribution whereby holders of LP Units and GP Units of record as of March 7, 2022 (the “Record Date”) received one BBUC exchangeable share, for every two Units held (the “special distribution”). Immediately prior to the special distribution, the partnership received BBUC exchangeable shares through a distribution of BBUC exchangeable shares by the Holding LP (the “Holding LP Distribution”) to all of its unitholders. As a result of the Holding LP Distribution, (i) Brookfield and its subsidiaries received approximately 35 million BBUC exchangeable shares and (ii) the partnership received approximately 38 million BBUC exchangeable shares, which it subsequently distributed to its unitholders pursuant to the special distribution. Immediately following the special distribution, (i) holders of LP Units, excluding Brookfield, held approximately 35.3% of the issued and outstanding BBUC exchangeable shares, (ii) Brookfield and its affiliates held approximately 64.7% of the issued and outstanding BBUC exchangeable shares, and (iii) a subsidiary of the partnership owned all of the issued and outstanding class B multiple voting shares, or class B shares, which represent a 75% voting interest in BBUC, and all of the issued and outstanding class C non-voting shares, or class C shares, of BBUC. The class C shares entitle the partnership to all of the residual value in BBUC after payment in full of the amount due to holders of BBUC exchangeable shares and class B shares. The partnership directly and indirectly controlled BBUC prior to the special distribution and continues to control BBUC subsequent to the special distribution through its interests in BBUC. The exchangeable shares are listed on the NYSE and the TSX under the symbol “BBUC”.

SIGNIFICANT ACCOUNTING POLICIES

SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2022
Corporate Information And Statement Of IFRS Compliance [Abstract]
SIGNIFICANT ACCOUNTING POLICIES	SIGNIFICANT ACCOUNTING POLICIES (a) Basis of presentation These unaudited interim condensed consolidated financial statements of the partnership have been prepared in accordance with International Accounting Standard 34, Interim Financial Reporting (“IAS 34”), as issued by the International Accounting Standards Board (“IASB”) and using the accounting policies the partnership applied in its annual consolidated financial statements as at and for the year ended December 31, 2021, except for the adoption of the new accounting policies and standards described below. The accounting policies the partnership applied in its annual consolidated financial statements as at and for the year ended December 31, 2021 are disclosed in Note 2 of such consolidated financial statements, with which reference should be made in reading these unaudited interim condensed consolidated financial statements. All defined terms are also described in the annual consolidated financial statements. The unaudited interim condensed consolidated financial statements are prepared on a going concern basis and have been presented in U.S. dollars rounded to the nearest million unless otherwise indicated. These unaudited interim condensed consolidated financial statements were approved by the Board of Directors of the partnership’s general partner, Brookfield Business Partners Limited, on behalf of the partnership, and authorized for issue on August 5, 2022. Revision of Comparatives The partnership presented depreciation and amortization expense within direct operating costs, whereas it was previously presented as a separate line labeled depreciation and amortization expense on the unaudited interim condensed consolidated statements of operating results. The partnership reclassified prior period amounts to reflect this change. This reclassification increased direct operating costs by $553 million and $1,095 million for the three and six months ended June 30, 2021, respectively, with equal and offsetting decreases in the depreciation and amortization expense line item. This reclassification had no impact on revenues, net income (loss), or earnings (loss) per limited partner unit. (i) Critical accounting judgments and measurement uncertainty The preparation of financial statements in accordance with IAS 34 requires management to make critical judgments, estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period that are not readily apparent from other sources. The critical accounting estimates and judgments have been set out in Note 2 to the partnership’s annual consolidated financial statements as at and for the year ended December 31, 2021. These estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. There have been no significant changes to the method of determining critical accounting estimates and judgments since December 31, 2021. (b) New accounting policies adopted The partnership has applied new and revised standards issued by the IASB that are effective for the period beginning on or after January 1, 2022. (i) Amendments to IAS 37 – Provisions, contingent liabilities and contingent assets (“IAS 37”) These amendments specify which costs an entity needs to include when assessing whether a contract is onerous or loss-making. Costs that relate directly to a contract consist of both the incremental costs of fulfilling that contract and an allocation of other costs that relate directly to fulfilling contracts. The amendments apply to contracts for which the entity has not yet fulfilled all its obligations at the beginning of the annual reporting period in which the entity first applies the amendments. The entity shall recognize the cumulative effect of initially applying the amendments as an adjustment to the opening balance of retained earnings or other component of equity, as appropriate, at the date of initial application. The partnership adopted these amendments on January 1, 2022 and the adoption did not have an impact on the partnership’s unaudited interim condensed consolidated financial statements. (ii) IFRS 9 – Financial instruments (“IFRS 9”) – Fees in the ‘10 per cent’ test for derecognition of financial liabilities The amendment clarifies the fees that an entity includes when assessing whether the terms of a new or modified financial liability are substantially different from the terms of the original financial liability. These fees include only those paid or received between the borrower and the lender, including fees paid or received by either the borrower or lender on the other’s behalf. An entity applies the amendment to financial liabilities that are modified or exchanged on or after the beginning of the annual reporting period in which the entity first applies the amendment. The partnership adopted this amendment on January 1, 2022 and the adoption did not have an impact on the partnership’s unaudited interim condensed consolidated financial statements. (c) Future changes in accounting policies (i) Insurance contracts In May 2017, the IASB published IFRS 17, Insurance contracts (“IFRS 17”) a comprehensive standard that establishes principles for the recognition, measurement, presentation and disclosure of insurance contracts. IFRS 17 will replace IFRS 4, Insurance contracts . The adoption of IFRS 17 is mandatory for annual periods beginning on or after January 1, 2023. The measurement approach under IFRS 17 is based on the following: • fulfillment cash flows which comprise: ◦ a current, unbiased probability-weighted estimate of future cash flows expected to arise as the insurer fulfills the contract; ◦ the effect of the time value of money; and ◦ a risk adjustment that measures the effects of uncertainty about the amount and timing of future cash flows; • a contractual service margin which represents the unearned profit in a contract and that is recognized in profit or loss over time as the insurance coverage is provided. There will also be a new financial statement presentation for insurance contracts and additional disclosure requirements. IFRS 17 requires the partnership to distinguish between groups of contracts expected to be profit-making and groups of contracts expected to be onerous. IFRS 17 is to be applied retrospectively to each group of insurance contracts. If full retrospective application to a group of contracts is impracticable, the modified retrospective or fair value method may be used. The partnership is currently assessing the impact of IFRS 17 on its financial statements. (ii) Amendments to IAS 1 – Presentation of financial statements (“IAS 1”) The amendments clarify how to classify debt and other liabilities as current or non-current. The amendments to IAS 1 apply to annual reporting periods beginning on or after January 1, 2023. The partnership is currently assessing the impact of these amendments. (iii) Amendments to IAS 12 – Income taxes (“IAS 12”) The amendments clarify that the initial recognition exception does not apply to the initial recognition of transactions that give rise to equal taxable and deductible temporary differences. The amendments to IAS 12 apply to annual reporting periods beginning on or after January 1, 2023. The partnership is currently assessing the impact of these amendments. There are currently no other future changes to IFRS with potential impact on the partnership.

ACQUISITION OF BUSINESSES

ACQUISITION OF BUSINESSES	6 Months Ended
	Jun. 30, 2022
Business Combinations 1 [Abstract]
ACQUISITION OF BUSINESSES	ACQUISITION OF BUSINESSESWhen determining the basis of accounting for the partnership’s investees, the partnership evaluates the degree of influence that the partnership exerts directly or through an arrangement over the investees’ relevant activities. Control is obtained when the partnership has power over the acquired entities and an ability to use its power to affect the returns of these entities. The partnership accounts for business combinations using the acquisition method of accounting, pursuant to which the cost of acquiring a business is allocated to its identifiable tangible and intangible assets and liabilities on the basis of the estimated fair values at the date of acquisition. (a) Acquisitions completed in the six months ended June 30, 2022 The following table summarizes the consideration transferred, assets acquired, liabilities assumed and non-controlling interests recognized at the applicable acquisition dates for significant acquisitions. The consideration transferred reflects the partnership’s equity contribution, debt raised alongside institutional partners to fund the acquisition, contingent consideration and non-cash consideration: (US$ MILLIONS) Business services Infrastructure services Total (1) Cash (2) $ 994 $ 6,493 $ 7,487 Other non-cash consideration 57 29 86 Total consideration $ 1,051 $ 6,522 $ 7,573 Cash and cash equivalents $ 158 $ 82 $ 240 Accounts receivable and other, net 38 461 499 Inventory, net — 171 171 Property, plant and equipment 4 367 371 Intangible assets 646 4,377 5,023 Goodwill 375 1,459 1,834 Deferred income tax assets 9 4 13 Financial assets 4,525 5 4,530 Equity accounted investments and other assets — 359 359 Accounts payable and other (39) (451) (490) Non-recourse borrowings in subsidiaries of the partnership (4,471) — (4,471) Deferred income tax liabilities (194) (312) (506) Net assets acquired before non-controlling interests $ 1,051 $ 6,522 $ 7,573 Non-controlling interests acquired — — — Net assets acquired $ 1,051 $ 6,522 $ 7,573 __________________________________________ (1) The fair values of acquired assets, assumed liabilities and goodwill for the acquisitions have been determined on a preliminary basis at the end of the reporting period. (2) Cash consideration includes $250 million and $979 million of equity from the partnership in the business services and infrastructure services segments, respectively. Business services La Trobe Financial Services Pty Limited (“La Trobe”) On May 31, 2022, the partnership, together with institutional partners, acquired a 100% economic interest in La Trobe, an Australian residential mortgage lender, for total consideration of $1.1 billion, inclusive of $17 million of non-cash consideration and $40 million of contingent consideration payable to the former shareholder if certain performance targets are met. The partnership’s economic interest of 30% was acquired for equity consideration of $250 million. The partnership received 100% of the voting rights in La Trobe, which provided the partnership with control, and accordingly, the partnership has consolidated the business for financial reporting purposes. Goodwill of $375 million was recognized and represents the growth the partnership expects to experience from the operations. The goodwill recognized is not deductible for income tax purposes. Intangible assets of $646 million were acquired as part of the transaction, comprising management contract rights, mortgage broker channel, computer software and brand name. Other items include $4.5 billion of loans receivable, $4.5 billion of borrowings and $194 million of deferred tax liabilities. Transaction costs of approximately $8 million were recorded as other expenses in the unaudited interim condensed consolidated statements of operating results. The partnership’s results from operations for the period ended June 30, 2022 include revenues of $33 million and $1 million of net income attributable to the partnership from the acquisition. If the acquisition had been effective January 1, 2022, the partnership would have recorded revenues of $165 million and net income of $20 million attributable to the partnership for the six months ended June 30, 2022. Infrastructure services Scientific Games, LLC (“Scientific Games”) On April 4, 2022, the partnership, together with institutional partners, acquired a 100% economic interest in Scientific Games, a service provider to government sponsored lottery programs game design, distribution, systems and terminals, and turnkey technology solutions. Total consideration was $5.8 billion, comprising $2.5 billion of equity, $3.3 billion of debt and $29 million of contingent consideration payable to the former shareholder if certain performance targets are met. The partnership will hold a 36% economic interest in the equity of Scientific Games after a portion of the partnership’s economic interest may be syndicated to institutional partners. The partnership received 100% of the voting rights, which provided the partnership with control, and accordingly, the partnership has consolidated the business for financial reporting purposes Goodwill of $1.1 billion was recognized and represents growth the partnership expects to experience from the operations. The goodwill recognized is not deductible for income tax purposes. Intangible assets of $4.1 billion acquired as part of the transaction which primarily comprised customer relationships, brand names, and software. Other items include $61 million of cash and cash equivalents, $169 million of inventory, $593 million of net other assets and $234 million of deferred tax liabilities. Transaction costs of approximately $16 million were recorded as other expenses in the unaudited interim condensed consolidated statements of operating results. Non-controlling interests of $1.6 billion attributable to institutional partners were recognized and measured at fair value. The partnership’s results from operations for the period ended June 30, 2022 include revenues of $260 million and $29 million of net loss attributable to the partnership from the acquisition. If the acquisition had been effective January 1, 2022, the partnership would have recorded revenues of $518 million and net loss of $27 million attributable to the partnership for the six months ended June 30, 2022. BHI Energy On May 27, 2022, the partnership’s nuclear technology services operations acquired 100% economic interest in BHI Energy for total consideration of $741 million. The partnership received 100% of voting rights through its nuclear technology services operations, which provided the partnership with control, and accordingly, the partnership has consolidated the business for financial reporting purposes. The acquisition contributed $325 million of intangible assets, $21 million of cash and cash equivalents, $153 million of net other assets and $78 million of deferred tax liabilities. Goodwill of $320 million was recognized and represents growth the partnership’s nuclear technology services operations expect to experience from the operations. Transaction costs of approximately $4 million were recorded as other expenses in the unaudited interim condensed consolidated statements of operating results. Non-controlling interests of $122 million attributable to institutional partners were recognized and measured at fair value. The partnership’s results from operations for the period ended June 30, 2022 include revenues of $75 million and $1 million of net income attributable to the partnership from the acquisition. If the acquisition had been effective January 1, 2022, the partnership would have recorded revenues of $570 million and net loss of $2 million attributable to the partnership for the six months ended June 30, 2022. (b) Acquisitions completed in 2021 The following table summarizes the consideration transferred, assets acquired, liabilities assumed and non-controlling interests recognized at the applicable acquisition dates for significant acquisitions. The consideration transferred reflects the partnership’s equity contribution, debt raised alongside institutional partners to fund the acquisition, contingent consideration and non-cash consideration: (US$ MILLIONS) Business services Infrastructure services (1) Industrials (1) Total Cash (2) $ 219 $ 4,806 $ 4,040 $ 9,065 Non-cash consideration — 19 — 19 Contingent consideration 63 — 358 421 Total consideration $ 282 $ 4,825 $ 4,398 $ 9,505 Cash and cash equivalents $ 11 $ 100 $ 165 $ 276 Accounts receivable and other, net 52 412 304 768 Inventory, net — 104 484 588 Property, plant and equipment 56 1,967 467 2,490 Intangible assets 84 1,940 2,509 4,533 Goodwill 290 1,740 1,821 3,851 Equity accounted investments and other assets 9 5 28 42 Accounts payable and other (96) (839) (769) (1,704) Non-recourse borrowings in subsidiaries of the partnership (103) (27) (2) (132) Deferred income tax liabilities (21) (577) (599) (1,197) Net assets acquired before non-controlling interests $ 282 $ 4,825 $ 4,408 $ 9,515 Non-controlling interests acquired — — (10) (10) Net assets acquired $ 282 $ 4,825 $ 4,398 $ 9,505 __________________________________________ (1) The fair values of acquired assets, assumed liabilities and goodwill for the acquisitions have been determined on a preliminary basis at the end of the reporting period. (2) Cash consideration includes $80 million, $581 million and $500 million of equity from the partnership in the business services, infrastructure services and industrials segments, respectively. Business services Everise Holdings Pte Ltd. (“Everise”) On January 8, 2021, the partnership, together with institutional partners, acquired a 100% economic interest in Everise, a customer management solutions provider that specializes in managing customer interactions for large global healthcare and technology clients primarily based in the U.S. Total consideration was $282 million, comprising $219 million of equity and $63 million of contingent consideration related to the achievement of near-term performance targets payable to the former shareholders. The partnership’s economic interest of 36% was acquired for equity consideration of $80 million. The partnership received 100% of the voting rights, which provided the partnership with control. Accordingly, the partnership has consolidated the business for financial reporting purposes. The acquisition contributed $84 million of intangible assets, net other assets of $11 million and $103 million of non-recourse borrowings. Goodwill of $290 million was recognized and represents growth the partnership expects to experience from the operations. The goodwill recognized was not deductible for income tax purposes. Non-controlling interests of $139 million attributable to institutional partners were recognized and measured at fair value. Transaction costs of $7 million were recorded as other expenses in the 2021 consolidated statements of operating results. Industrials Aldo Componentes Eletrônicos LTDA (“Aldo”) On August 31, 2021, the partnership, together with institutional partners, acquired a 100% economic interest in Aldo, a leading distributor of solar power solutions for the distributed generation market in Brazil for total consideration of $623 million, comprising $295 million of equity and $328 million of contingent consideration payable to the former shareholder once certain performance targets have been met. The determination of the final settlement amount ranges from $nil to $340 million. The partnership’s economic interest was 35% comprising $104 million of cash consideration. The partnership received 100% of the voting rights, which provided the partnership with control. Accordingly, the partnership has consolidated the business for financial reporting purposes. The acquisition contributed $297 million of intangible assets, $59 million of cash and cash equivalents, $48 million of inventory, $100 million of deferred tax liabilities, and net other liabilities of $100 million. Goodwill of $419 million was recognized and represents growth the partnership expects to experience from the operations. The goodwill recognized was not deductible for income tax purposes. Non-controlling interests of $191 million attributable to institutional partners were recognized and measured at fair value. DexKo Global Inc. (“DexKo”) On October 4, 2021, the partnership, together with institutional partners, acquired a 100% economic interest in DexKo, a leading global manufacturer of highly engineered components primarily for industrial trailers and other towable-equipment providers, and a related acquisition shortly thereafter that was not significant to the partnership. Total consideration was $3.8 billion, comprising $1.1 billion of equity, $2.6 billion of debt, and $30 million of contingent consideration payable to former shareholders related to the realization of tax savings from the utilization of certain tax deductions which arose in connection with the acquisition. The partnership’s economic interest of 35% was acquired for equity consideration of $396 million. A portion of the partnership’s economic interest was syndicated to institutional partners, which reduced the partnership’s economic interest to 34% at June 30, 2022. The partnership received 100% of the voting rights, which provided the partnership with control, and accordingly, the partnership has consolidated the business for financial reporting purposes. Goodwill of $1.4 billion was recognized and represents the growth the partnership expects to experience from the integration of the operations. The goodwill recognized was not deductible for income tax purposes. Intangible assets of $2.2 billion were acquired as part of the transaction, primarily comprised customer relationships, proprietary technology and patents and trademarks. Transaction costs of approximately $9 million were recorded as other expenses in the 2021 consolidated statements of operating results. Non-controlling interests of $761 million primarily attributable to institutional partners were recognized and measured at fair value. Infrastructure services Modulaire Investments 2 S.à r.l. (“Modulaire”) On December 15, 2021, the partnership, together with institutional partners, acquired a 100% economic interest in Modulaire, a provider of modular building leasing services in Europe and Asia-Pacific for total consideration of $4.8 billion, comprising $1.6 billion of equity, $3.2 billion of debt, and $19 million of non-cash consideration. The partnership’s economic interest of 36% was acquired for equity consideration of $581 million. A portion of the partnerships economic interest was syndicated to institutional partners, which reduced the partnership’s economic interest to 28% at June 30, 2022. The partnership received 100% of the voting rights, which provided the partnership with control, and accordingly, the partnership has consolidated the business for financial reporting purposes. Goodwill of $1.7 billion was recognized and represents the growth the partnership expects to experience from the integration of the operations. The goodwill recognized was not deductible for income tax purposes. Intangible assets of $1.9 billion that were acquired as part of the transaction, primarily comprised customer relationships and brand names. Transaction costs of approximately $23 million were recorded as other expenses in the 2021 consolidated statements of operating results. Non-controlling interests of $1.0 billion attributable to institutional partners were recognized and measured at fair value.

FAIR VALUE OF FINANCIAL INSTRUM

FAIR VALUE OF FINANCIAL INSTRUMENTS	6 Months Ended
	Jun. 30, 2022
Fair Value Measurement [Abstract]
FAIR VALUE OF FINANCIAL INSTRUMENTS	FAIR VALUE OF FINANCIAL INSTRUMENTS The following table provides the details of financial instruments and their associated financial instrument classifications as at June 30, 2022: (US$ MILLIONS) MEASUREMENT BASIS FVTPL FVOCI Amortized cost Total Financial assets Cash and cash equivalents $ — $ — $ 2,399 $ 2,399 Accounts and other receivable, net (current and non-current) — — 6,649 6,649 Other assets (current and non-current) (1) — — 436 436 Financial assets (current and non-current) (2) 615 5,504 7,064 13,183 Total $ 615 $ 5,504 $ 16,548 $ 22,667 Financial liabilities Accounts payable and other (current and non-current) (2) (3) $ 567 $ 283 $ 11,210 $ 12,060 Borrowings (current and non-current) — — 40,493 40,493 Total $ 567 $ 283 $ 51,703 $ 52,553 ____________________________________ (1) Excludes prepayments, subrogation recoverable, deferred policy acquisition costs and other assets of $1,704 million. (2) Refer to Hedging Activities in Note 4 (a) below. (3) Includes derivative liabilities, and excludes provisions, decommissioning liabilities, deferred revenues, unearned premium reserve, work in progress, post-employment benefits, liabilities held for sale and various taxes and duties of $7,951 million. Included in cash and cash equivalents as at June 30, 2022 was $1,922 million of cash (December 31, 2021: $2,180 million) and $477 million of cash equivalents (December 31, 2021: $408 million). Included in financial assets (current and non-current) as at June 30, 2022 was $1,070 million (December 31, 2021: $1,369 million) of equity instruments and $4,054 million (December 31, 2021: $4,697 million) of debt instruments designated as measured at fair value through other comprehensive income. The following table provides the details of financial instruments and their associated financial instrument classifications as at December 31, 2021: (US$ MILLIONS) MEASUREMENT BASIS FVTPL FVOCI Amortized cost Total Financial assets Cash and cash equivalents $ — $ — $ 2,588 $ 2,588 Accounts and other receivable, net (current and non-current) — — 5,638 5,638 Other assets (current and non-current) (1) — — 478 478 Financial assets (current and non-current) (2) 518 6,243 1,789 8,550 Total (3) $ 518 $ 6,243 $ 10,493 $ 17,254 Financial liabilities Accounts payable and other (2) (4) $ 640 $ 220 $ 10,847 $ 11,707 Borrowings (current and non-current) — — 29,076 29,076 Total $ 640 $ 220 $ 39,923 $ 40,783 ____________________________________ (1) Excludes prepayments, subrogation recoverable and other assets of $1,369 million. (2) Refer to Hedging Activities in Note 4(a) below. (3) Total financial assets include $5,200 million of assets pledged as collateral. (4) Includes derivative liabilities and excludes provisions, decommissioning liabilities, deferred revenues, unearned premium reserve, work in progress, post-employment benefits, liabilities held for sale and various taxes and duties of $7,929 million. (a) Hedging activities Net investment hedges The partnership uses foreign exchange derivative contracts and foreign currency denominated debt instruments to manage foreign currency exposures arising from net investments in foreign operations. For the three and six months ended June 30, 2022, a pre-tax net gain of $332 million and $233 million, respectively (June 30, 2021: net loss of $110 million and net gain of $57 million, respectively) was recorded in other comprehensive income for the effective portion of hedges of net investments in foreign operations. As at June 30, 2022, there was a derivative asset balance of $174 million (December 31, 2021: $87 million) and a derivative liability balance of $75 million (December 31, 2021: $58 million) relating to derivative contracts designated as net investment hedges. Cash flow hedges The partnership uses commodity swap contracts to hedge the sale price of natural gas contracts, purchase price of oil, lead, polypropylene, and tin, foreign exchange contracts and option contracts to hedge highly probable future transactions, and interest rate contracts to hedge the cash flows on its floating rate borrowings. A number of these contracts are designated as cash flow hedges. For the three and six months ended June 30, 2022, a pre-tax net gain of $14 million and $135 million , respectively (June 30, 2021: net loss of $35 million and net gain of $32 million, respectively) was recorded in other comprehensive income for the effective portion of cash flow hedges. As at June 30, 2022, there was a derivative asset balance of $206 million (December 31, 2021: $89 million) and derivative liability balance of $208 million (December 31, 2021: $162 million) relating to the derivative contracts designated as cash flow hedges. Derivative instruments not designated in a hedging relationship are measured at fair value, with changes in fair value recognized in the unaudited interim condensed consolidated statements of operating results. Fair value hierarchical levels – financial instruments Level 3 assets and liabilities measured at fair value on a recurring basis include $282 million (December 31, 2021: $297 million) of financial assets and $302 million (December 31, 2021: $498 million) of financial liabilities, which are measured at fair value using valuation inputs based on management ’ s best estimates. There were no transfers between levels during the three and six months ended June 30, 2022. The following table categorizes financial assets and liabilities, which are carried at fair value, based upon the level of input as at June 30, 2022 and December 31, 2021: June 30, 2022 December 31, 2021 (US$ MILLIONS) Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Financial assets Common shares $ 668 $ — $ — $ 865 $ — $ — Corporate and government bonds 73 3,306 — 43 3,956 — Derivative assets 17 594 — 2 300 — Other financial assets (1) 491 688 282 586 712 297 $ 1,249 $ 4,588 $ 282 $ 1,496 $ 4,968 $ 297 Financial liabilities Derivative liabilities $ 63 $ 485 $ 17 $ 14 $ 348 $ 19 Other financial liabilities (2) — — 285 — — 479 $ 63 $ 485 $ 302 $ 14 $ 348 $ 498 ____________________________________ (1) Other financial assets include secured debentures, asset-backed securities and preferred shares. Level 1 other financial assets are primarily publicly traded preferred shares and mutual funds. Level 2 other financial assets are primarily asset-backed securities and Level 3 financial assets are primarily secured debentures and non-listed equity instruments. (2) Includes $247 million ( December 31, 2021 : $411 million) of contingent consideration payable between 2022 and 2024 in relation to the acquisition of subsidiaries. Refer to Note 3 for further information. The following table presents the change in the balance of financial assets classified as Level 3 as at June 30, 2022 and December 31, 2021: (US$ MILLIONS) June 30, 2022 December 31, 2021 Balance at beginning of period $ 297 $ 341 Fair value change recorded in net income (4) (5) Fair value change recorded in other comprehensive income (2) 17 Additions 76 121 Disposals (82) (172) Foreign currency translation and other (3) (5) Balance at end of period $ 282 $ 297 The following table presents the change in the balance of financial liabilities classified as Level 3 as at June 30, 2022 and December 31, 2021: (US$ MILLIONS) June 30, 2022 December 31, 2021 Balance at beginning of period $ 498 $ 11 Fair value change recorded in net income 2 3 Additions 83 510 Disposals (308) (5) Foreign currency translation and other 27 (21) Balance at end of period $ 302 $ 498 (b) Offsetting of financial assets and liabilities Financial assets and liabilities are offset with the net amount reported in the unaudited interim condensed consolidated statements of financial position where the partnership currently has a legally enforceable right to offset and there is an intention to settle on a net basis or realize the asset and settle the liability simultaneously. As at June 30, 2022, $nil of financial assets (December 31, 2021: $nil) and $24 million of financial liabilities (December 31, 2021: $16 million) were offset in the unaudited interim condensed consolidated statements of financial position.

FINANCIAL ASSETS

FINANCIAL ASSETS	6 Months Ended
	Jun. 30, 2022
Financial Instruments [Abstract]
FINANCIAL ASSETS	FINANCIAL ASSETS (US$ MILLIONS) June 30, 2022 December 31, 2021 Current Marketable securities $ 979 $ 1,262 Restricted cash 1,157 224 Derivative contracts 240 179 Loans and notes receivable 171 211 Other financial assets (1) 124 138 Total current $ 2,671 $ 2,014 Non-current Marketable securities $ 2,902 $ 3,601 Restricted cash 262 297 Derivative contracts 371 123 Loans and notes receivable 5,329 936 Other financial assets (1) 1,648 1,579 Total non-current $ 10,512 $ 6,536 ____________________________________ (1) Other financial assets include secured debentures, asset backed securities and preferred shares in the partnership’s business services segment.

ACCOUNTS AND OTHER RECEIVABLE,

ACCOUNTS AND OTHER RECEIVABLE, NET	6 Months Ended
	Jun. 30, 2022
Subclassifications of assets, liabilities and equities [abstract]
ACCOUNTS AND OTHER RECEIVABLE, NET	ACCOUNTS AND OTHER RECEIVABLE, NET (US$ MILLIONS) June 30, 2022 December 31, 2021 Current, net $ 5,905 $ 4,945 Non-current, net Accounts receivable 61 60 Retainer on customer contract 47 61 Billing rights 636 572 Total non-current, net $ 744 $ 693 Total $ 6,649 $ 5,638 Non-current billing rights primarily represent unbilled rights arising at the partnership’s water and wastewater operations in Brazil from revenues earned from the construction on public concession contracts classified as financial assets, which are recognized when there is an unconditional right to receive cash or other financial assets from the concession authority for the construction services. The partnership’s construction operation has a retention balance, which comprises amounts that have been earned but held back until the satisfaction of certain conditions specified in the contract. The retention balance included in the current accounts receivable balance as at June 30, 2022 was $213 million (December 31, 2021: $231 million).

INVENTORY, NET

INVENTORY, NET	6 Months Ended
	Jun. 30, 2022
Inventories [Abstract]
INVENTORY, NET	INVENTORY, NET (US$ MILLIONS) June 30, 2022 December 31, 2021 Raw materials and consumables $ 1,419 $ 1,340 Fuel products (1) 857 727 Work in progress 817 723 RTFO certificates (2) 525 391 Finished goods and other (3) 1,856 1,331 Carrying amount of inventories $ 5,474 $ 4,512 ____________________________________ (1) Fuel products that are traded in active markets are purchased with a view to resell in the near future. As a result, these stocks of fuel products are recorded at fair value based on quoted market prices. (2) RTFO certificates held for trading as at June 30, 2022 had a fair value of $nil (December 31, 2021: $nil). There is no externally quoted marketplace for the valuation of RTFO certificates. In order to value these contracts, the partnership has adopted a pricing methodology combining both observable inputs based on market data and assumptions developed internally based on observable market activity. (3) Finished goods and other are mainly composed of finished goods inventory in the infrastructure services and industrials segments.

DISPOSITIONS

DISPOSITIONS	6 Months Ended
	Jun. 30, 2022
Disposal Of Noncurrent Assets [Abstract]
DISPOSITIONS	DISPOSITIONS (a) Dispositions completed in the three and six months ended June 30, 2022 For the three and six months ended June 30, 2022, the partnership did not recognize any net gains or losses on dispositions in the unaudited interim condensed consolidated statements of operating results. For the three months ended June 30, 2022, the partnership realized proceeds from the disposition of an investment in securities measured at FVOCI. The realized proceeds of $19 million related to these securities was recorded in gain (loss) on acquisitions/dispositions, net recorded in equity in the business services segment measure of profit or loss, refer to Note 23. (b) Dispositions completed in the three and six months ended June 30, 2021 For the three and six months ended June 30, 2021 , the partnership recognized a net gain on dispositions of $16 million and $1,823 million, respectively, primarily related to the transactions described below. On January 14, 2021, the partnership, together with institutional partners, sold 20 million common shares of its investment in its graphite electrode operations as part of a block trade transaction for total proceeds of $214 million. The transaction decreased the partnership’s voting interest in the investment to 48% but did not result in a loss of control. The partnership recorded a pre-tax gain of $239 million in the unaudited interim condensed consolidated statements of changes in equity, of which $82 million attributable to the partnership was recorded in gain (loss) on acquisitions/dispositions, net recorded in equity in the industrials segment measure of profit or loss, refer to Note 23. On March 1, 2021, the partnership, together with institutional partners, sold an additional 30 million common shares of its graphite electrode operations as part of a block trade for total proceeds of $350 million, which decreased the partnership’s voting interest to 37% and resulted in the deconsolidation of its investment. The partnership retained significant influence and continued to account for its 13% economic ownership in the investment using the equity method. As a result of the loss of control, a pre-tax gain of $1,764 million was recorded in the unaudited interim condensed consolidated statements of operating results. The partnership’s share of the total pre-tax gain recorded in gain (loss) on acquisitions/dispositions was $609 million. The gain on deconsolidation was calculated as the fair value of the interest retained by the partnership, together with institutional investors, in shares of the investment, cash proceeds received on the sale of shares to third parties, net of the derecognition of net assets and non-controlling interests in the graphite electrode operations. In May 2021, the partnership sold 11.3 million common shares of its graphite electrode operations through two block trade transactions for pre-tax proceeds of approximately $150 million. The transactions decreased the partnership’s economic ownership to 8%. The partnership recorded a pre-tax gain of $5 million in the unaudited interim condensed consolidated statements of operating results.

OTHER ASSETS

OTHER ASSETS	6 Months Ended
	Jun. 30, 2022
Subclassifications of assets, liabilities and equities [abstract]
OTHER ASSETS	OTHER ASSETS (US$ MILLIONS) June 30, 2022 December 31, 2021 Current Work in progress (1) $ 436 $ 478 Prepayments and other assets 1,087 872 Assets held for sale 71 9 Total current $ 1,594 $ 1,359 Non-current Prepayments and other assets 546 488 Total non-current $ 546 $ 488 ____________________________________ (1) See Note 15 for additional information.

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT	6 Months Ended
	Jun. 30, 2022
Property, plant and equipment [abstract]
PROPERTY PLANT AND EQUIPMENT	PROPERTY, PLANT AND EQUIPMENT (US$ MILLIONS) June 30, 2022 December 31, 2021 Gross carrying amount Balance at beginning of period $ 20,342 $ 18,004 Additions (cash and non-cash) 893 1,419 Dispositions (183) (1,173) Acquisitions through business combinations (1) 439 2,518 Transfers and assets reclassified as held for sale (184) (139) Foreign currency translation and other (780) (287) Balance at end of period $ 20,527 $ 20,342 Accumulated depreciation and impairment Balance at beginning of period $ (5,017) $ (4,022) Depreciation/depletion/impairment expense (2) (682) (1,680) Dispositions 111 553 Transfers and assets reclassified as held for sale 114 103 Foreign currency translation and other 119 29 Balance at end of period $ (5,355) $ (5,017) Net book value (3) $ 15,172 $ 15,325 ____________________________________ (1) See Note 3 for additional information. (2) Includes a $206 million impairment reversal related to the partnership’s natural gas production operation as a result of a change in estimate of future natural gas prices. (3) Includes right-of-use assets of $1,443 million as at June 30, 2022 (December 31, 2021: $1,551 million).

INTANGIBLE ASSETS

INTANGIBLE ASSETS	6 Months Ended
	Jun. 30, 2022
Intangible Assets [Abstract]
INTANGIBLE ASSETS	INTANGIBLE ASSETS (US$ MILLIONS) June 30, 2022 December 31, 2021 Gross carrying amount Balance at beginning of period $ 17,128 $ 12,874 Additions 210 322 Dispositions — (155) Acquisitions through business combinations (1) 5,111 4,536 Assets reclassified as held for sale — — Foreign currency translation (338) (449) Balance at end of period $ 22,111 $ 17,128 Accumulated amortization and impairment Balance at beginning of period $ (2,322) $ (1,613) Amortization/impairment expense (616) (841) Dispositions — 73 Foreign currency translation 47 59 Balance at end of period $ (2,891) $ (2,322) Net book value $ 19,220 $ 14,806 ____________________________________ (1) See Note 3 for additional information.

GOODWILL

GOODWILL	6 Months Ended
	Jun. 30, 2022
Intangible Assets [Abstract]
GOODWILL	GOODWILL (US$ MILLIONS) June 30, 2022 December 31, 2021 Balance at beginning of period $ 8,585 $ 5,244 Acquisitions through business combinations (1) 1,850 3,967 Impairment (2) (111) (175) Dispositions (3) — (171) Foreign currency translation (417) (280) Balance at end of period $ 9,907 $ 8,585 ____________________________________ (1) See Note 3 for additional information. (2) Relates to a goodwill impairment loss of $111 million at the partnership’s offshore oil services operations (2021: $175 million). (3) Relates to the deconsolidation of the partnership’s graphite electrode operations on March 1, 2021. Refer to Note 8 for additional information. During the three months ended June 30, 2022, the partnership recorded a goodwill impairment loss of $111 million within the infrastructure services segment. The impairment is related to the partnership’s investment in offshore oil services and is a result of changes in forecasted cash flow assumptions. The recoverable amount calculated to assess goodwill impairment was based on an estimate of fair value less costs of disposal contemplated using a discounted cash flow analysis incorporating significant unobservable inputs. The estimates regarding expected future cash flows and discount rates are Level 3 fair value inputs based on various assumptions including existing contracts, future vessel redeployment rates, financial forecasts and industry trends.

EQUITY ACCOUNTED INVESTMENTS

EQUITY ACCOUNTED INVESTMENTS	6 Months Ended
	Jun. 30, 2022
Interests In Other Entities [Abstract]
EQUITY ACCOUNTED INVESTMENTS	EQUITY ACCOUNTED INVESTMENTS (US$ MILLIONS) June 30, 2022 December 31, 2021 Balance at beginning of year $ 1,480 $ 1,690 Acquisitions through business combinations 339 20 Additions 126 430 Impairment losses — (29) Dispositions — (534) Share of net income 91 13 Share of other comprehensive income (loss) (1) (16) Distributions received (92) (89) Foreign currency translation (3) (5) Balance at end of period $ 1,940 $ 1,480 On May 31, 2022, the partnership completed the acquisition of a 23% economic interest in CUPA Finance, S.L. (“Cupa”) for consideration of $100 million. The partnership has joint control over Cupa and has accounted for its investment as an equity accounted investment.

ACCOUNTS PAYABLE AND OTHER

ACCOUNTS PAYABLE AND OTHER	6 Months Ended
	Jun. 30, 2022
Subclassifications of assets, liabilities and equities [abstract]
ACCOUNTS PAYABLE AND OTHER	ACCOUNTS PAYABLE AND OTHER (US$ MILLIONS) June 30, 2022 December 31, 2021 Current Accounts payable $ 3,979 $ 3,665 Accrued and other liabilities (1) (2) 5,338 4,977 Lease liabilities 311 312 Financial liabilities (3) 510 316 Unearned premiums reserve (4) 615 620 Work in progress (5) 1,377 1,397 Provisions and decommissioning liabilities 473 563 Liabilities held for sale 41 — Total current $ 12,644 $ 11,850 Non-current Accounts payable $ 104 $ 119 Accrued and other liabilities (2) 1,570 1,556 Lease liabilities 1,179 1,293 Financial liabilities (3) 2,061 2,159 Unearned premiums reserve (4) 1,564 1,608 Work in progress (5) 13 1 Provisions and decommissioning liabilities (5) 876 1,050 Total non-current $ 7,367 $ 7,786 ____________________________________ (1) Includes bank overdrafts of $870 million as at June 30, 2022 (December 31, 2021: $727 million). (2) Includes post-employment benefits of $775 million ($14 million current and $761 million non-current) as at June 30, 2022 and $771 million ($20 million current and $751 million non-current) as at December 31, 2021. (3) Includes financial liabilities of $1,644 million ($62 million current and $1,582 million non-current) as at June 30, 2022 and $1,732 million ($66 million current and $1,666 million non-current) as at December 31, 2021 related to the sale and leaseback of hospitals. (4) See Note 25 for additional information. (5) See Note 15 for additional information.

CONTRACTS IN PROGRESS

CONTRACTS IN PROGRESS	6 Months Ended
	Jun. 30, 2022
Construction Contracts [Abstract]
CONTRACTS IN PROGRESS	CONTRACTS IN PROGRESS A summary of the partnership’s contracts in progress is presented below: (US$ MILLIONS) June 30, 2022 December 31, 2021 Contract costs incurred to date $ 20,147 $ 21,381 Profit recognized to date (less recognized losses) 1,843 1,783 21,990 23,164 Less: progress billings (22,944) (24,084) Contract work in progress (liability) $ (954) $ (920) Comprising: Amounts due from customers – work in progress $ 436 $ 478 Amounts due to customers – creditors (1,390) (1,398) Net work in progress $ (954) $ (920)

BORROWINGS

BORROWINGS	6 Months Ended
	Jun. 30, 2022
Financial Instruments [Abstract]
BORROWINGS	BORROWINGS (a) Corporate borrowings The partnership has bilateral credit facilities backed by large global banks. The credit facilities are available in euros, sterling, Australian, U.S. or Canadian dollars. Advances under the credit facilities bear interest at the specified SOFR, SONIA EURIBOR, CDOR, BBSY or bankers’ acceptance rate plus 2.50% , or the specified base rate or prime rate plus 1.50% . The credit facilities require the partnership to maintain a minimum tangible net worth and deconsolidated debt-to-capitalization ratio at the corporate level. During the quarter, the partnership increased the availability on the bilateral credit facilities by $225 million. The total capacity on the bilateral credit facilities is $2,300 million with a maturity date of June 29, 2027. The balance drawn on the bilateral credit facility at June 30, 2022 wa s $1,981 million ( December 31, 2021: $1,619 million). The partnership had $1.0 billion available on its revolving credit facility with Brookfield (the “Brookfield Credit Agreement”) at June 30, 2022. The credit facility is guaranteed by the partnership, the Holding LP and certain of the partnership’s subsidiaries. The credit facility is available in U.S. or Canadian dollars, and advances are made by way of LIBOR, base rate, bankers’ acceptance rate or prime rate loans. The credit facility bears interest at the specified LIBOR or bankers’ acceptance rate plus 3.45%, or the specified base rate or prime rate plus 2.45%. The credit facility requires the partnership to maintain a minimum deconsolidated net worth and contains restrictions on the ability of the borrowers and the guarantors to, among other things, incur certain liens or enter into speculative hedging arrangements. Net proceeds above a specified threshold that are received by the borrowers from asset dispositions, debt incurrences or equity issuances by the borrowers or their subsidiaries must be used to pay down the credit facility (which can then be redrawn to fund future investments). The credit facility automatically renews for consecutive one-year periods until June 26, 2026. The total available amount on the credit facility will decrease to $500 million on April 27, 2023. As at June 30, 2022, the credit facility remained undrawn. The partnership is currently in compliance with all material covenant requirements of its corporate borrowings, and continues to monitor performance against such covenant requirements. Refer to Note 17 for further details on the Deposit Agreement with Brookfield. As at June 30, 2022, there were no funds on deposit from Brookfield (December 31, 2021: $nil). (b) Non-recourse subsidiary borrowings of the partnership Current and non-current non-recourse subsidiary borrowings of the partnership as at June 30, 2022 were $3,121 million and $35,391 million, respectively (December 31, 2021: $2,062 million and $25,395 million, respectively). Some of the partnership’s businesses have credit facilities in which they borrow and repay on a short-term basis. This movement has been shown on a net basis in the partnership’s unaudited interim condensed consolidated statements of cash flow. The partnership has financing arrangements within its operating businesses that trade in public markets or are held at major financial institutions. The financing arrangements are primarily composed of term loans, credit facilities and notes and debentures which are subject to fixed or floating interest rates. Most of these borrowings are not subject to financial maintenance covenants, however, some are subject to fixed charge coverage, leverage ratios and minimum equity or liquidity covenants. The partnership principally finances assets at the subsidiary level with debt that is non-recourse to both the partnership and to its other subsidiaries and is generally secured against assets within the respective subsidiaries. Moreover, debt instruments at the partnership’s subsidiaries do not cross-accelerate or cross-default to debt at other subsidiaries. All of the partnership’s subsidiaries are currently in compliance with all material covenant requirements and the partnership continues to work with its businesses to monitor performance against such covenant requirements. During the quarter, the partnership’s offshore oil services operations entered into extension agreements with certain asset-level secured creditors and engaged in discussions with secured lenders to address its secured debt. Subsequent to quarter-end, the offshore oil services operations opted not to make an interest payment due on July 15, 2022 for certain unsecured bonds and elected to enter into a 30-day grace period for this interest payment.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	6 Months Ended
	Jun. 30, 2022
Related Party [Abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS In the normal course of operations, the partnership entered into the transactions below with related parties at exchange value. These transactions have been measured at fair value and are recognized in the unaudited interim condensed consolidated financial statements. (a) Transactions with the parent company The partnership is a party to the Brookfield Credit Agreement, which permits borrowings of up to $1 billion. As at June 30, 2022, $nil (December 31, 2021: $nil) was drawn on the credit facilities under the Brookfield Credit Agreement. The partnership has in place a Deposit Agreement with Brookfield whereby it may place funds on deposit with Brookfield and whereby Brookfield may place funds on deposit with the partnership. The deposit balance is due on demand and bears interest at LIBOR plus 1.50%. As at June 30, 2022, the amount of the deposit from Brookfield was $nil (December 31, 2021: $nil). For the three and six months ended June 30, 2022, the partnership recorded interest expense of $nil and $nil, respectively (June 30, 2021: interest expense of $2 million and $4 million, respectively) on these deposits. The partnership has a commitment agreement with Brookfield, whereby Brookfield agreed to subscribe for up to $1.5 billion of preferred equity securities of the partnership and its subsidiaries. The preferred equity securities bear fixed preferential cumulative dividends or distributions at 6% per annum and are redeemable at the option of Brookfield to the extent the partnership completes asset sales, financings or equity issuances. As at June 30, 2022, the amount subscribed from Brookfield was $nil. Holding LP pays Brookfield a quarterly base management fee, which is reflected within general and administrative expenses. For purposes of calculating the base management fee, the total capitalization of the partnership is equal to the quarterly volume-weighted average trading price of an LP Unit on the principal stock exchange for the LP Units (based on trading volumes) multiplied by the number of LP Units outstanding at the end of the quarter (assuming full conversion of the Redemption-Exchange Units into LP Units of Brookfield Business Partners L.P.), plus the value of securities of the other service recipients (including the BBUC exchangeable shares) that are not held by the partnership, plus all outstanding debt with recourse to a service recipient, less all cash held by such entities. The base management fee for the three and six months ended June 30, 2022 was $23 million and $47 million, respectively (June 30, 2021: $23 million and $41 million). In its capacity as the holder of the special limited partner (“Special LP”) units of Holding LP, Brookfield is entitled to incentive distribution rights. The incentive distribution for the three and six months ended June 30, 2022 was $nil (June 30, 2021: $79 million). In addition, at the time of spin-off of the partnership from Brookfield in 2016, the partnership entered into indemnity agreements with Brookfield that relate to certain contracts that were in place prior to the spin-off. Under these indemnity agreements, Brookfield has agreed to indemnify the partnership for the receipt of payments relating to such contracts. In the prior year, the partnership’s residential mortgage insurer committed to invest a total of $50 million into a private credit real estate fund managed by Brookfield over a period of two years. As of June 30, 2022, $9 million of the total commitment was invested. (b) Other The following tables summarize other transactions the partnership has entered into with related parties: Three Months Ended Six Months Ended (US$ MILLIONS) 2022 2021 2022 2021 Transactions during the period Business services revenues (1) $ 62 $ 133 $ 141 $ 287 ____________________________________ (1) Within the business services segment, the partnership provides construction services to affiliates of Brookfield. (US$ MILLIONS) June 30, 2022 December 31, 2021 Balances at end of period Accounts and other receivable, net 133 138 Accounts payable and other (1) 552 549 Non-recourse borrowings in subsidiaries of the partnership 56 56 ____________________________________ (1) Includes $345 million (December 31, 2021: $326 million) related to a tax receivable agreement payable to related parties by the partnership’s advanced energy storage operations.

DERIVATIVE FINANCIAL INSTRUMENT

DERIVATIVE FINANCIAL INSTRUMENTS	6 Months Ended
	Jun. 30, 2022
Financial Instruments [Abstract]
DERIVATIVE FINANCIAL INSTRUMENTS	DERIVATIVE FINANCIAL INSTRUMENTS The partnership’s activities expose it to a variety of financial risks, including market risk (currency risk, interest rate risk, commodity risk and other price risks), credit risk and liquidity risk. The partnership selectively uses derivative financial instruments principally to manage these risks. The aggregate fair values of the partnership’s derivative financial instruments positions as at June 30, 2022 and December 31, 2021 were as follows: June 30, 2022 December 31, 2021 (US$ MILLIONS) Financial Asset Financial Liability Financial Asset Financial Liability Foreign exchange contracts $ 298 $ 191 $ 184 $ 129 Cross currency swaps 5 2 5 1 Interest rate derivatives 260 129 62 179 Equity derivatives 2 17 11 19 Commodities contracts 46 226 40 53 Total $ 611 $ 565 $ 302 $ 381 Total current $ 240 $ 356 $ 179 $ 160 Total non-current $ 371 $ 209 $ 123 $ 221

EQUITY

EQUITY	6 Months Ended
	Jun. 30, 2022
Equity [abstract]
EQUITY	EQUITYThe partnership’s consolidated equity interests include LP Units held by public unitholders and Brookfield, GP Units held by Brookfield, Redemption-Exchange Units held by Brookfield, and BBUC exchangeable shares held by public shareholders and Brookfield, collectively, “Units” or “Unitholders” as described in Note 1, and $15 million of preferred shares held by Brookfield. As at June 30, 2022, Brookfield owns approximately 65.5% of the partnership on a fully exchanged basis. For the three and six months ended June 30, 2022, the partnership made distributions on the LP Units, GP Units, Redemption-Exchange Units, and BBUC Exchangeable Shares of $14 million and $23 million, respectively, or approximately $0.0625 per Unit (June 30, 2021: $9 million and $18 million, or approximately $0.0625 per Unit). For the three and six months ended June 30, 2022, the partnership made distributions to others who have interests in the operating subsidiaries of $869 million and $1,451 million, respectively (June 30, 2021: $482 million and $1,280 million, respectively), primarily as a result of the dividend distribution received from a non-recourse financing related to the partnership’s investment in its nuclear technology services operations. (a) GP Units and LP Units LP Units entitle the holder to its proportionate share of distributions. GP Units entitle the holder the right to govern the financial and operating policies of Brookfield Business Partners L.P. The GP Units are not quantitatively material to the financial statements and therefore have not been separately presented on the unaudited interim consolidated statements of financial position. The table below provides a continuity of GP Units and LP Units outstanding for the period ended June 30, 2022: UNITS GP Units LP Units Total Balance as at January 1, 2022 4 77,085,493 77,085,497 Repurchased and canceled — (2,525,490) (2,525,490) Conversion from BBUC exchangeable shares — 50,825 50,825 Balance as at June 30, 2022 4 74,610,828 74,610,832 The weighted average number of LP Units for the three and six months ended June 30, 2022 was 75.3 million and 76.0 million, respectively (June 30, 2021: 78.6 million and 78.7 million, respectively). During the six months ended June 30, 2022, the partnership repurchased and canceled 2,525,490 LP Units (June 30, 2021: 447,871 LP Units). Net income attributable to limited partnership unitholders for the three and six months ended June 30, 2022 was $49 million and $63 million, respectively (June 30, 2021: net loss of $50 million and net income of $231 million, respectively). (b) Redemption-Exchange Units The table below provides a continuity of Redemption-Exchange Units outstanding for the period ended June 30, 2022: UNITS Redemption-Exchange Units Balance as at January 1, 2022 69,705,497 Repurchased and canceled — Balance as at June 30, 2022 69,705,497 As at June 30, 2022, the Holding LP had issued 69.7 million Redemption-Exchange Units to Brookfield. Both the LP Units and GP Units issued by Brookfield Business Partners L.P. and the Redemption-Exchange Units issued by the Holding LP have the same economic attributes in all respects, except as noted below. The Redemption-Exchange Units may, at the request of Brookfield, be redeemed in whole or in part, for cash in an amount equal to the market value of one of the partnership’s LP Units multiplied by the number of units to be redeemed (subject to certain customary adjustments). This right is subject to the partnership’s right, at its sole discretion, to elect to acquire any unit presented for redemption in exchange for one of the partnership’s LP Units (subject to certain customary adjustments). If the partnership elects not to exchange the Redemption-Exchange Units for LP Units, the Redemption-Exchange Units are required to be redeemed for cash. The Redemption-Exchange Units are presented as non-controlling interests since they relate to equity in a subsidiary that is not attributable, directly or indirectly, to Brookfield Business Partners L.P. Since this redemption right is subject to the partnership’s right, at its sole discretion, to satisfy the redemption request with LP Units of Brookfield Business Partners L.P. on a one-for-one basis, the Redemption-Exchange Units are classified as equity in accordance with IAS 32. (c) BBUC exchangeable shares The table below provides a continuity of BBUC exchangeable shares outstanding for the period ended June 30, 2022: SHARES BBUC exchangeable shares Balance as at January 1, 2022 — Special distribution 73,088,510 Converted to class C shares (80,425) Converted to LP Units (50,825) Balance as at June 30, 2022 72,957,260 On March 15, 2022, the partnership completed a special distribution whereby Unitholders as of the Record Date received one BBUC exchangeable share, for every two Units held. The special distribution resulted in the issuance of 73 million exchangeable shares to public unitholders and Brookfield. Both the LP Units and GP Units issued by the partnership and the BBUC exchangeable shares issued by BBUC have the same economic attributes in all respects, except as noted below. Each BBUC exchangeable share is exchangeable at the option of the holder for one LP Unit (subject to adjustment to reflect certain capital events) or for cash in an amount equal to the market value of one of the partnership’s LP Units. The partnership may elect to satisfy the exchange obligation by acquiring such tendered BBUC exchangeable shares for an equivalent number of LP Units or its cash equivalent. The partnership intends to satisfy any exchange requests on the BBUC exchangeable shares through the delivery of LP Units rather than cash. The BBUC exchangeable shares are presented as non-controlling interests since they relate to equity in a subsidiary that is not attributable, directly or indirectly, to Brookfield Business Partners L.P. Since this exchange right is subject to the partnership’s right, at its sole discretion, to satisfy the exchange request with LP Units of Brookfield Business Partners L.P. on a one-for-one basis, the BBUC exchangeable shares are classified as equity in accordance with IAS 32. During the six months ended June 30, 2022, there were 50,825 exchanges of BBUC exchangeable shares into LP Units. (d) Incentive distribution to Special LP Unitholder In its capacity as the holder of the Special LP Units of the Holding LP, the special limited partner is entitled to incentive distributions which are calculated as 20% of the increase in the market value of the LP Units over an initial threshold based on the volume-weighted average price of the LP Units, subject to a high-water mark. In order to account for the dilutive effect of the special distribution which occurred on March 15, 2022, the incentive distribution threshold was reduced by one-third, commensurate with the distribution ratio of one (1) BBUC exchangeable share for every two (2) LP Units. Accordingly, the resulting incentive distribution threshold is $31.53 per LP Unit following completion of the special distribution. During the three months ended June 30, 2022, the volume-weighted average price was $24.14 per LP Unit, which was below the current incentive distribution threshold of $31.53 per LP Unit, resulting in an incentive distribution of $nil (June 30, 2021: $79 million). (e) Preferred shares held by Brookfield Brookfield has subscribed for an aggregate of $15 million of preferred shares of three subsidiaries of the partnership. The preferred shares are entitled to receive a cumulative preferential cash dividend equal to 5% of its redemption value per annum as and when declared by the board of directors of the applicable entity and are redeemable at the option of the applicable entity at any time after the twentieth anniversary of its issuance. The partnership is not obligated to redeem the preferred shares and accordingly, the preferred shares have been determined to be equity of the applicable entities and are reflected as a component of non-controlling interests in the unaudited interim condensed consolidated statements of financial position.

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	6 Months Ended
	Jun. 30, 2022
Disclosure of analysis of other comprehensive income by item [abstract]
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) Attributable to Limited Partners (US$ MILLIONS) Foreign currency FVOCI Other (1) Accumulated other comprehensive income (loss) Balance as at January 1, 2022 $ (252) $ 76 $ 23 $ (153) Other comprehensive income (loss) (33) (73) 37 (69) Ownership changes 3 — 1 4 Issuance of BBUC exchangeable shares (2) 67 (15) (5) 47 Balance as at June 30, 2022 $ (215) $ (12) $ 56 $ (171) ____________________________________ (1) Represents net investment hedges, cash flow hedges and other reserves. (2) In connection with to the special distribution of BBUC, $47 million of accumulated other comprehensive income (loss) was reallocated to class A shares of BBUC. Refer to Note 1 for further details. (US$ MILLIONS) Foreign currency FVOCI Other (1) Accumulated other comprehensive income (loss) Balance as at January 1, 2021 $ (144) $ 52 $ (88) $ (180) Other comprehensive income (loss) 4 19 16 39 Ownership changes (38) (1) 1 (38) Balance as at June 30, 2021 $ (178) $ 70 $ (71) $ (179) ____________________________________ (1) Represents net investment hedges, cash flow hedges and other reserves.

DIRECT OPERATING COSTS

DIRECT OPERATING COSTS	6 Months Ended
	Jun. 30, 2022
Analysis of income and expense [abstract]
DIRECT OPERATING COSTS	DIRECT OPERATING COSTS The partnership has no key employees or directors and does not remunerate key management personnel. Details of the allocation of costs incurred by Brookfield on behalf of the partnership are disclosed in Note 17. Key decision makers of the partnership are all employees of the ultimate parent company or its subsidiaries, which provides management services under the master services agreement with Brookfield. Direct operating costs are costs incurred to earn revenues and include all attributable expenses. The following table presents direct operating costs by nature for the three and six months ended June 30, 2022 and 2021. Comparative figures have been reclassified to conform the current period’s presentation as described in Note 2 (a): Three Months Ended Six Months Ended (US$ MILLIONS) 2022 2021 2022 2021 Inventory costs $ 9,838 $ 7,357 $ 18,591 $ 13,421 Subcontractor and consultant costs 812 911 1,553 1,660 Concession construction materials and labor costs 81 51 160 84 Depreciation and amortization expense 786 553 1,488 1,095 Compensation 1,287 980 2,496 1,971 Other direct costs 870 697 1,981 1,296 Total $ 13,674 $ 10,549 $ 26,269 $ 19,527 Expected credit loss provisions on financial assets are included within other direct costs.

REVENUES

REVENUES	6 Months Ended
	Jun. 30, 2022
Revenue [abstract]
REVENUES	REVENUES (a) Revenues by type The tables below summarize the partnership’s segment revenues by type of revenue for the three and six months ended June 30, 2022: Three Months Ended June 30, 2022 (US$ MILLIONS) Business services Infrastructure services Industrials Corporate Total Revenues by type Revenues from contracts with customers $ 8,839 $ 1,444 $ 3,675 $ — $ 13,958 Other revenues 306 358 4 — 668 Total revenues $ 9,145 $ 1,802 $ 3,679 $ — $ 14,626 Six Months Ended June 30, 2022 (US$ MILLIONS) Business services Infrastructure services Industrials Corporate Total Revenues by type Revenues from contracts with customers $ 16,807 $ 2,608 $ 7,341 $ — $ 26,756 Other revenues 612 722 8 — 1,342 Total revenues $ 17,419 $ 3,330 $ 7,349 $ — $ 28,098 The tables below summarize the partnership’s segment revenues by type of revenue for the three and six months ended June 30, 2021: Three Months Ended June 30, 2021 (US$ MILLIONS) Business services Infrastructure services Industrials Corporate Total Revenues by type Revenues from contracts with customers $ 7,431 $ 877 $ 2,547 $ — $ 10,855 Other revenues 248 128 4 — 380 Total revenues $ 7,679 $ 1,005 $ 2,551 $ — $ 11,235 Six Months Ended June 30, 2021 (US$ MILLIONS) Business services Infrastructure services Industrials Corporate Total Revenues by type Revenues from contracts with customers $ 13,094 $ 1,857 $ 5,358 $ — $ 20,309 Other revenues 487 259 9 — 755 Total revenues $ 13,581 $ 2,116 $ 5,367 $ — $ 21,064 (b) Timing of recognition of revenues from contracts with customers The tables below summarize the partnership’s segment revenues by timing of revenue recognition for the total revenues from contracts with customers for the three and six months ended June 30, 2022: Three Months Ended June 30, 2022 (US$ MILLIONS) Business services Infrastructure services Industrials Corporate Total Timing of revenue recognition Goods and services provided at a point in time $ 7,906 $ 493 $ 3,576 $ — $ 11,975 Services transferred over a period of time 933 951 99 — 1,983 Total revenues from contracts with customers $ 8,839 $ 1,444 $ 3,675 $ — $ 13,958 Other non IFRS 15 revenues 306 358 4 — 668 Total revenues $ 9,145 $ 1,802 $ 3,679 $ — $ 14,626 Six Months Ended June 30, 2022 (US$ MILLIONS) Business services Infrastructure services Industrials Corporate Total Timing of revenue recognition Goods and services provided at a point in time $ 14,963 $ 917 $ 7,146 $ — $ 23,026 Services transferred over a period of time 1,844 1,691 195 — 3,730 Total revenues from contracts with customers $ 16,807 $ 2,608 $ 7,341 $ — $ 26,756 Other non IFRS 15 revenues 612 722 8 — 1,342 Total revenues $ 17,419 $ 3,330 $ 7,349 $ — $ 28,098 The tables below summarize the partnership’s segment revenues by timing of revenue recognition for the total revenues from contracts with customers for the three and six months ended June 30, 2021: Three Months Ended June 30, 2021 (US$ MILLIONS) Business services Infrastructure services Industrials Corporate Total Timing of revenue recognition Goods and services provided at a point in time $ 6,303 $ 239 $ 2,494 $ — $ 9,036 Services transferred over a period of time 1,128 638 53 — 1,819 Total revenues from contracts with customers $ 7,431 $ 877 $ 2,547 $ — $ 10,855 Other non IFRS 15 revenues 248 128 4 — 380 Total revenues $ 7,679 $ 1,005 $ 2,551 $ — $ 11,235 Six Months Ended June 30, 2021 (US$ MILLIONS) Business services Infrastructure services Industrials Corporate Total Timing of revenue recognition Goods and services provided at a point in time $ 10,967 $ 661 $ 5,272 $ — $ 16,900 Services transferred over a period of time 2,127 1,196 86 — 3,409 Total revenues from contracts with customers $ 13,094 $ 1,857 $ 5,358 $ — $ 20,309 Other non IFRS 15 revenues 487 259 9 — 755 Total revenues $ 13,581 $ 2,116 $ 5,367 $ — $ 21,064 (c) Revenues by geography The tables below summarize the partnership’s segment revenues by geography for the three and six months ended June 30, 2022: Three Months Ended June 30, 2022 (US$ MILLIONS) Business services Infrastructure services Industrials Corporate Total United Kingdom $ 5,833 $ 118 $ 80 $ — $ 6,031 United States of America 89 556 1,539 — 2,184 Europe 656 452 774 — 1,882 Australia 1,111 65 43 — 1,219 Canada 938 51 172 — 1,161 Brazil 32 33 511 — 576 Mexico — — 226 — 226 Other 180 169 330 — 679 Total revenues from contracts with customers $ 8,839 $ 1,444 $ 3,675 $ — $ 13,958 Other revenues 306 358 4 — 668 Total revenues $ 9,145 $ 1,802 $ 3,679 $ — $ 14,626 Six Months Ended June 30, 2022 (US$ MILLIONS) Business services Infrastructure services Industrials Corporate Total United Kingdom $ 10,866 $ 213 $ 156 $ — $ 11,235 United States of America 193 1,001 3,048 — 4,242 Europe 1,481 878 1,610 — 3,969 Australia 2,157 111 76 — 2,344 Canada 1,637 74 348 — 2,059 Brazil 63 60 974 — 1,097 Mexico — — 435 — 435 Other 410 271 694 — 1,375 Total revenues from contracts with customers $ 16,807 $ 2,608 $ 7,341 $ — $ 26,756 Other revenues 612 722 8 — 1,342 Total revenues $ 17,419 $ 3,330 $ 7,349 $ — $ 28,098 The tables below summarize the partnership’s segment revenues by geography for the three and six months ended June 30, 2021: Three Months Ended June 30, 2021 (US$ MILLIONS) Business services Infrastructure services Industrials Corporate Total United Kingdom $ 4,603 $ 89 $ 38 $ — $ 4,730 United States of America 77 307 1,023 — 1,407 Europe 717 318 616 — 1,651 Australia 1,193 — 18 — 1,211 Canada 569 21 120 — 710 Brazil 59 20 213 — 292 Mexico — — 200 — 200 Other 213 122 319 — 654 Total revenues from contracts with customers $ 7,431 $ 877 $ 2,547 $ — $ 10,855 Other revenues 248 128 4 — 380 Total revenues $ 7,679 $ 1,005 $ 2,551 $ — $ 11,235 Six Months Ended June 30, 2021 (US$ MILLIONS) Business services Infrastructure services Industrials Corporate Total United Kingdom $ 8,141 $ 141 $ 86 $ — $ 8,368 United States of America 155 684 2,084 — 2,923 Europe 1,020 632 1,385 — 3,037 Australia 2,236 7 30 — 2,273 Canada 1,088 52 255 — 1,395 Brazil 107 23 406 — 536 Mexico — — 388 — 388 Other 347 318 724 — 1,389 Total revenues from contracts with customers $ 13,094 $ 1,857 $ 5,358 $ — $ 20,309 Other revenues 487 259 9 — 755 Total revenues $ 13,581 $ 2,116 $ 5,367 $ — $ 21,064

SEGMENT INFORMATION

SEGMENT INFORMATION	6 Months Ended
	Jun. 30, 2022
Operating Segments [Abstract]
SEGMENT INFORMATION	SEGMENT INFORMATION The partnership’s operations are organized into four operating segments which are regularly reviewed by the Chief Operating Decision Maker (“CODM”) for the purpose of allocating resources to the segment and to assess its performance. The CODM uses adjusted earnings from operations (“Adjusted EFO”) to assess performance and make resource allocation decisions. Adjusted EFO allows the CODM to evaluate the partnership’s segments on the basis of return on invested capital generated by its operations and to evaluate the performance of its segments on a levered basis. Adjusted EFO is calculated as net income and equity accounted income at the partnership’s economic ownership interest in consolidated subsidiaries and equity accounted investments, respectively, excluding the impact of depreciation and amortization expense, deferred income taxes, transaction costs, restructuring charges, unrealized revaluation gains or losses, impairment expenses or reversals and other income or expense items that are not directly related to revenue generating activities. The partnership’s economic ownership interest in consolidated subsidiaries excludes amounts attributable to non-controlling interests consistent with how the partnership determines net income attributable to non-controlling interests in its unaudited interim condensed consolidated statements of operating results. In order to provide additional insight regarding the partnership’s operating performance over the lifecycle of an investment, Adjusted EFO includes realized disposition gains or losses recorded in net income, other comprehensive income, or directly in equity, such as ownership changes. Adjusted EFO does not include legal and other provisions that may occur from time to time in the partnership’s operations and that are one-time or non-recurring and not directly tied to the partnership’s operations, such as those for litigation or contingencies. Adjusted EFO includes expected credit losses and bad debt allowances recorded in the normal course of the partnership’s operations. Other income (expense), net in the partnership’s unaudited interim condensed consolidated statements of operating results includes amounts that are not related to revenue generating activities, and are not normal, recurring operating income and expenses necessary for business operations. These include revaluation gains and losses, transaction costs, restructuring charges, stand-up costs and business separation expenses, gains or losses on debt extinguishments or modifications, gains or losses on dispositions of property, plant and equipment, non-recurring and one-time provisions that may occur from time to time at one of the partnership’s operations that are not reflective of normal operations, and other items. Other income (expense), net included within Adjusted EFO in the tables below corresponds to items of other income (expense), net at the partnership’s economic ownership interest that are considered by the partnership when evaluating operating performance and returns on invested capital generated by its businesses and may include realized revaluation gains and losses, realized gains or losses on the disposition of property, plant and equipment, and other items. Refer to the footnotes to the tables below for additional details on items included therein. Gain (loss) on acquisitions/dispositions, net in Adjusted EFO reflects the partnership’s economic ownership interest in the gains or losses on acquisitions/dispositions recognized during the period in unaudited interim condensed consolidated statements of operating results that are considered by the partnership when evaluating the performance and returns on invested capital generated by its businesses. Gain (loss) on acquisitions/dispositions, net recorded in equity in Adjusted EFO corresponds to the partnership’s economic ownership interest in gains and losses recorded in the unaudited interim condensed consolidated statements of changes in equity that have been realized through a completed disposition. Material realized disposition gains or losses may be recorded in equity on the partial disposition of a subsidiary where the partnership retains control or through the sale of an investment in securities accounted for as financial assets measured at fair value with changes in fair value recorded in other comprehensive income. The tables below provide each segment’s results at the partnership’s economic ownership interest, in the format that the CODM organizes reporting segments to make resource allocation decisions and assess performance. Amounts attributable to non-controlling interests are calculated based on the economic ownership interests held by non-controlling interests in consolidated subsidiaries. The tables below reconcile the partnership’s economic ownership interest in its consolidated results to the partnership’s unaudited interim condensed consolidated statements of operating results. Three Months Ended June 30, 2022 Total attributable to Unitholders Attributable to non-controlling interests As per IFRS Financials (US$ MILLIONS) Business Infrastructure services Industrials Corporate Total (1) Revenues $ 2,476 $ 706 $ 1,120 $ — $ 4,302 $ 10,324 $ 14,626 Direct operating costs (2) (2,292) (507) (906) (6) (3,711) (9,177) (12,888) General and administrative expenses (33) (33) (33) (26) (125) (185) (310) Gain (loss) on acquisitions / dispositions, net recorded in equity (3)(4) 19 — — — 19 — 19 Other income (expense), net (5) — 9 — — 9 14 23 Interest income (expense), net (18) (70) (81) (18) (187) (369) (556) Current income tax (expense) recovery (14) (6) (17) 16 (21) (54) (75) Equity accounted Adjusted EFO (6) 13 25 18 — 56 28 84 Adjusted EFO 151 124 101 (34) 342 Depreciation and amortization expense (2)(7) (267) (519) (786) Impairment reversal (expense), net 41 37 78 Gain (loss) on acquisitions / dispositions, net recorded in equity (3) (19) — (19) Other income (expense), net (5) (87) (154) (241) Deferred income tax (expense) recovery 163 219 382 Non-cash items attributable to equity accounted investments (6) (30) (13) (43) Net income (loss) $ 143 $ 151 $ 294 ____________________________________ (1) Adjusted EFO and net income (loss) attributable to Unitholders include Adjusted EFO and net income (loss) attributable to limited partnership unitholders, general partnership unitholders, redemption-exchange unitholders, special limited partnership unitholders and BBUC exchangeable shares. (2) The sum of these amounts equates to direct operating costs of $13,674 million as per the unaudited interim condensed consolidated statements of operating results. (3) The sum of these amounts equates to the gain (loss) on acquisitions/dispositions, net of $nil as per the unaudited interim condensed consolidated statements of operating results. (4) Gain (loss) on acquisitions/dispositions, net recorded in equity in Adjusted EFO of $19 million represents the partnership’s economic ownership interest in gains (losses) on disposition related to the sale of a financial asset measured at FVOCI. (5) The sum of these amounts equates to other income (expense), net of $(218) million as per the unaudited interim condensed consolidated statements of operating results. Other income (expense), net in Adjusted EFO of $9 million includes $9 million of net gains on the sale of property plant and equipment. Other income (expense), net at the partnership’s economic ownership interest that is excluded from Adjusted EFO of $(87) million includes $45 million of net unrealized revaluation losses, $14 million of business separation expenses, stand-up costs and restructuring charges, $19 million of transaction costs and $9 million of other expenses. (6) The sum of these amounts equates to equity accounted income (loss), net of $41 million as per the unaudited interim condensed consolidated statements of operating results. (7) For the three month period ended June 30, 2022, depreciation and amortization expense by segment is as follows: business services $118 million, infrastructure services $340 million, industrials $328 million, and corporate and other $nil. Six Months Ended June 30, 2022 Total attributable to Unitholders Attributable to non-controlling interests As per IFRS Financials (US$ MILLIONS) Business Infrastructure services Industrials Corporate Total (1) Revenues $ 4,768 $ 1,318 $ 2,227 $ — $ 8,313 $ 19,785 $ 28,098 Direct operating costs (2) (4,447) (908) (1,787) (12) (7,154) (17,627) (24,781) General and administrative expenses (65) (62) (65) (53) (245) (365) (610) Gain (loss) on acquisitions / dispositions, net in equity (3)(4) 19 — — — 19 — 19 Other income (expense), net (5) 1 (1) — — — (1) (1) Interest income (expense), net (43) (117) (149) (29) (338) (678) (1,016) Current income tax (expense) recovery (22) (10) (39) 29 (42) (112) (154) Equity accounted Adjusted EFO (6) 20 43 36 — 99 55 154 Adjusted EFO 231 263 223 (65) 652 Depreciation and amortization expense (2)(7) (502) (986) (1,488) Impairment reversal (expense), net 41 37 78 Gain (loss) on acquisitions / dispositions, net in equity (3) (19) — (19) Other income (expense), net (5) (115) (201) (316) Deferred income tax (expense) recovery 161 251 412 Non-cash items attributable to equity accounted investments (6) (47) (16) (63) Net income (loss) $ 171 $ 142 $ 313 ____________________________________ (1) Adjusted EFO and net income (loss) attributable to Unitholders include Adjusted EFO, and net income (loss) attributable to limited partnership unitholders, general partnership unitholders, redemption-exchange unitholders, special limited partnership unitholders and BBUC exchangeable shares. (2) The sum of these amounts equates to direct operating costs of $26,269 million as per the unaudited interim condensed consolidated statements of operating results. (3) The sum of these amounts equates to the gain (loss) on acquisitions/dispositions, net of $nil as per the unaudited interim condensed consolidated statements of operating results. (4) Gain (loss) on acquisitions/dispositions, net recorded in equity in Adjusted EFO of $19 million represents the partnership’s economic ownership interest in gains (losses) on disposition related to the sale of a financial asset measured at FVOCI. (5) The sum of these amounts equates to other income (expense), net of $(317) million as per the unaudited interim condensed consolidated statements of operating results. Other income (expense), net in Adjusted EFO of $nil includes $6 million of net realized revaluation losses, $10 million of net gains on the sale of property plant and equipment and $4 million of other expenses. Other income (expense), net at the partnership’s economic ownership interest that is excluded from Adjusted EFO of $(115) million includes $47 million of net unrealized revaluation losses, $26 million of business separation expenses, stand-up costs and restructuring charges, $28 million of transaction costs and $14 million of other expenses. (6) The sum of these amounts equates to equity accounted income (loss), net of $91 million as per the unaudited interim condensed consolidated statements of operating results. (7) For the six month period ended June 30, 2022, depreciation and amortization expense by segment is as follows: business services $232 million, infrastructure services $591 million, industrials $665 million, and corporate and other $nil. Three Months Ended June 30, 2021 Total attributable to Unitholders Attributable to non-controlling interests As per IFRS Financials (US$ MILLIONS) Business Infrastructure services Industrials Corporate Total (1) Revenues $ 2,401 $ 436 $ 716 $ — $ 3,553 $ 7,682 $ 11,235 Direct operating costs (2) (2,220) (325) (574) (4) (3,123) (6,873) (9,996) General and administrative expenses (41) (18) (17) (30) (106) (147) (253) Gain (loss) on acquisitions / dispositions, net (3) — — 7 — 7 8 15 Gain (loss) on acquisitions / dispositions, net recorded in equity (3)(4) — — 163 — 163 — 163 Other income (expense), net (5) (1) 1 — — — (4) (4) Interest income (expense), net (19) (38) (57) (3) (117) (234) (351) Current income tax (expense) recovery (30) (1) (32) 12 (51) (67) (118) Equity accounted Adjusted EFO (6) 3 17 10 — 30 17 47 Adjusted EFO 93 72 216 (25) 356 Depreciation and amortization expense (2)(7) (191) (362) (553) Gain (loss) on acquisitions / dispositions, net (3) — 1 1 Gain (loss) on acquisitions / dispositions, net recorded in equity (3) (163) — (163) Other income (expense), net (5) (30) (63) (93) Deferred income tax (expense) recovery 41 40 81 Non-cash items attributable to equity accounted investments (6) (28) (12) (40) Net income (loss) $ (15) $ (14) $ (29) ____________________________________ (1) Adjusted EFO and net income (loss) attributable to Unitholders include Adjusted EFO and net income (loss) attributable to limited partnership unitholders, general partnership unitholders, redemption-exchange unitholders, special limited partnership unitholders and BBUC exchangeable shares. (2) The sum of these amounts equates to direct operating costs of $10,549 million as per the unaudited interim condensed consolidated statements of operating results. (3) The sum of these amounts equates to the gain (loss) on acquisitions/dispositions, net of $16 million as per the unaudited interim condensed consolidated statements of operating results. (4) Gain (loss) on acquisitions/dispositions, net recorded in equity in Adjusted EFO of $163 million represents the partnership’s economic ownership interest in gains (losses) on dispositions of $163 million related to the disposition of the partnership’s investment in its graphite electrode operations. (5) The sum of these amounts equates to other income (expense), net of $(97) million as per the unaudited interim condensed consolidated statements of operating results. Other income (expense), net in Adjusted EFO of $nil includes $1 million of realized net revaluation losses and $1 million of other income. Other income (expense), net at the partnership’s economic ownership interest that is excluded from Adjusted EFO of $(30) million includes $8 million of net unrealized revaluation gains, $17 million of business separation expenses, stand-up costs and restructuring charges, $3 million of net losses on debt extinguishment/modification, and $18 million of other expenses. (6) The sum of these amounts equates to equity accounted income (loss), net of $7 million as per the unaudited interim condensed consolidated statements of operating results. (7) For the three month period ended June 30, 2021, depreciation and amortization expense by segment is as follows: business services $121 million, infrastructure services $176 million, industrials $256 million, and corporate and other $nil. Six Months Ended June 30, 2021 Total attributable to Unitholders Attributable to non-controlling interests As per IFRS Financials (US$ MILLIONS) Business Infrastructure services Industrials Corporate Total (1) Revenues $ 4,323 $ 916 $ 1,487 $ — $ 6,726 $ 14,338 $ 21,064 Direct operating costs (2) (4,007) (680) (1,170) (7) (5,864) (12,568) (18,432) General and administrative expenses (75) (35) (40) (52) (202) (302) (504) Gain (loss) on acquisitions / dispositions, net (3) — — 158 — 158 740 898 Gain (loss) on acquisitions / dispositions, net recorded in equity (3)(4) — — 414 — 414 — 414 Other income (expense), net (5) (3) — — — (3) (14) (17) Interest income (expense), net (31) (77) (115) (7) (230) (469) (699) Current income tax (expense) recovery (6) (48) (8) (123) 22 (157) (163) (320) Equity accounted Adjusted EFO (7) 4 29 26 — 59 55 114 Adjusted EFO 163 145 637 (44) 901 Depreciation and amortization expense (2)(8) (373) (722) (1,095) Gain (loss) on acquisitions / dispositions, net (3) 474 451 925 Gain (loss) on acquisitions / dispositions, net recorded in equity (3) (414) — (414) Impairment reversal (expense), net (58) (143) (201) Other income (expense), net (5) (5) (36) (41) Deferred income tax (expense) recovery 35 80 115 Current income tax (expense) recovery (6) 9 — 9 Non-cash items attributable to equity accounted investments (7) (54) (24) (78) Net income (loss) $ 515 $ 1,223 $ 1,738 ____________________________________ (1) Adjusted EFO and net income (loss) attributable to Unitholders include Adjusted EFO, and net income (loss) attributable to limited partnership unitholders, general partnership unitholders, redemption-exchange unitholders, special limited partnership unitholders and BBUC exchangeable shares. (2) The sum of these amounts equates to direct operating costs of $19,527 million as per the unaudited interim condensed consolidated statements of operating results. (3) The sum of these amounts equates to the gain (loss) on acquisitions/dispositions, net of $1,823 million as per the unaudited interim condensed consolidated statements of operating results. (4) Gain (loss) on acquisitions/dispositions, net recorded in equity in Adjusted EFO of $414 million represents the partnership’s economic interest in gains on $245 million related to the disposition of the partnership’s investment in its graphite electrode operations and $169 million related to the disposition of an investment in public securities. (5) The sum of these amounts equates to other income (expense), net of $(58) million as per the unaudited interim condensed consolidated statements of operating results. Other income (expense), net in Adjusted EFO of $(3) million includes $2 million of realized net revaluation losses and $1 million of other expenses. Other income (expense), net at the partnership’s economic ownership interest that is excluded from Adjusted EFO of $(5) million includes $46 million of net unrealized revaluation gains, $24 million of business separation expenses, stand-up costs and restructuring charges, $4 million of transaction costs, $3 million of net gain on debt extinguishment/modification, and $20 million of other expenses. (6) The sum of these amounts equates to current income tax (expense) of $(311) million as per the unaudited interim condensed consolidated statements of operating results. (7) The sum of these amounts equates to equity accounted income (loss), net of $36 million as per the unaudited interim condensed consolidated statements of operating results. (8) For the six month period ended June 30, 2021, depreciation and amortization expense by segment is as follows: business services $224 million, infrastructure services $348 million, industrials $523 million, and corporate and other $nil. Segment Assets For the purpose of monitoring segment performance and allocating resources between segments, the CODM monitors assets, including investments accounted for using the equity method, attributable to each segment. The following tables present the partnership’s assets by reportable operating segment as at June 30, 2022 and December 31, 2021: As at June 30, 2022 (US$ MILLIONS) Business services Infrastructure services Industrials Corporate Total Total assets $ 26,942 $ 22,972 $ 27,285 $ 96 $ 77,295 As at December 31, 2021 (US$ MILLIONS) Business services Infrastructure services Industrials Corporate Total Total assets $ 20,376 $ 16,380 $ 27,315 $ 148 $ 64,219

SUPPLEMENTAL CASH FLOW INFORMAT

SUPPLEMENTAL CASH FLOW INFORMATION	6 Months Ended
	Jun. 30, 2022
Cash Flow Statement [Abstract]
SUPPLEMENTAL CASH FLOW INFORMATION	SUPPLEMENTAL CASH FLOW INFORMATION Six Months Ended (US$ MILLIONS) 2022 2021 Interest paid $ 647 $ 608 Income taxes paid 134 228 Amounts paid and received for interest were reflected as operating cash flows in the unaudited interim condensed consolidated statements of cash flow. Details of “ Changes in non-cash working capital, net ” in the unaudited interim condensed consolidated statements of cash flow are as follows: Six Months Ended (US$ MILLIONS) 2022 2021 Accounts receivable $ (757) $ (401) Inventory (884) (339) Prepayments and other (225) (125) Accounts payable and other 453 580 Changes in non-cash working capital, net $ (1,413) $ (285)

INSURANCE CONTRACTS

INSURANCE CONTRACTS	6 Months Ended
	Jun. 30, 2022
Insurance Contracts [Abstract]
INSURANCE CONTRACTS	INSURANCE CONTRACTS The following summarizes the balances related to the partnership’s insurance contracts from its residential mortgage insurer: (a) Premiums and unearned premiums reserve The following table presents movement in the unearned premiums reserve: (US$ MILLIONS) June 30, 2022 December 31, 2021 Unearned premiums reserve, beginning of the period $ 2,228 $ 1,889 Premiums written during the period 327 967 Premiums earned during the period (337) (639) Foreign currency translation (39) 11 Unearned premiums reserve, end of the period $ 2,179 $ 2,228 (b) Losses on claims and loss reserves The carrying value of loss reserves reflects the present value of expected claims expenses and provisions for adverse deviation and is considered to be an indicator of fair value. Loss reserves comprise the following: (US$ MILLIONS) June 30, 2022 December 31, 2021 Case reserves $ 40 $ 54 Incurred but not reported reserves 10 13 Discounting (1) (1) Provision for adverse deviation 2 5 Total loss reserves $ 51 $ 71 The following table presents movement in loss reserves and the impact on losses on claims: (US$ MILLIONS) June 30, 2022 December 31, 2021 Loss reserves, beginning of the period $ 71 $ 144 Claims paid during the period (16) (48) Changes in loss reserves related to the current period (2) 44 Favorable development on losses on claims related to prior years — (71) Foreign currency translation (2) 2 Loss reserves, end of the period $ 51 $ 71

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Jun. 30, 2022
Events After Reporting Period [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS (a) Distribution On August 4, 2022, the Board of Directors declared a quarterly distribution in the amount of $0.0625 per LP Unit, payable on September 29, 2022 to unitholders of record as at the close of business on August 31, 2022. (b) Acquisition of CDK Global, Inc. On July 6, 2022, the partnership, together with institutional partners, acquired a 100% economic interest in CDK Global, Inc. (“CDK Global”), a leading provider of technology services and software solutions to automotive dealers and manufacturers. Total consideration was $8.5 billion, of which the partnership expects its economic interest to be 25%. Due to the recent closing of the acquisition, the complete valuation and initial purchase price accounting for the business combination are not available as at the date of release of these unaudited interim condensed consolidated financial statements. As a result, the company has not provided amounts recognized as at the acquisition date for certain major classes of assets acquired and liabilities assumed.

SIGNIFICANT ACCOUNTING POLICI_2

SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2022
Corporate Information And Statement Of IFRS Compliance [Abstract]
Basis of presentation	Basis of presentation These unaudited interim condensed consolidated financial statements of the partnership have been prepared in accordance with International Accounting Standard 34, Interim Financial Reporting (“IAS 34”), as issued by the International Accounting Standards Board (“IASB”) and using the accounting policies the partnership applied in its annual consolidated financial statements as at and for the year ended December 31, 2021, except for the adoption of the new accounting policies and standards described below. The accounting policies the partnership applied in its annual consolidated financial statements as at and for the year ended December 31, 2021 are disclosed in Note 2 of such consolidated financial statements, with which reference should be made in reading these unaudited interim condensed consolidated financial statements. All defined terms are also described in the annual consolidated financial statements. The unaudited interim condensed consolidated financial statements are prepared on a going concern basis and have been presented in U.S. dollars rounded to the nearest million unless otherwise indicated. These unaudited interim condensed consolidated financial statements were approved by the Board of Directors of the partnership’s general partner, Brookfield Business Partners Limited, on behalf of the partnership, and authorized for issue on August 5, 2022. Revision of Comparatives The partnership presented depreciation and amortization expense within direct operating costs, whereas it was previously presented as a separate line labeled depreciation and amortization expense on the unaudited interim condensed consolidated statements of operating results. The partnership reclassified prior period amounts to reflect this change. This reclassification increased direct operating costs by $553 million and $1,095 million for the three and six months ended June 30, 2021, respectively, with equal and offsetting decreases in the depreciation and amortization expense line item. This reclassification had no impact on revenues, net income (loss), or earnings (loss) per limited partner unit.
Critical accounting judgments and measurement uncertainty	Critical accounting judgments and measurement uncertaintyThe preparation of financial statements in accordance with IAS 34 requires management to make critical judgments, estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period that are not readily apparent from other sources. The critical accounting estimates and judgments have been set out in Note 2 to the partnership’s annual consolidated financial statements as at and for the year ended December 31, 2021. These estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. There have been no significant changes to the method of determining critical accounting estimates and judgments since December 31, 2021.
New accounting policies adopted	New accounting policies adopted The partnership has applied new and revised standards issued by the IASB that are effective for the period beginning on or after January 1, 2022. (i) Amendments to IAS 37 – Provisions, contingent liabilities and contingent assets (“IAS 37”) These amendments specify which costs an entity needs to include when assessing whether a contract is onerous or loss-making. Costs that relate directly to a contract consist of both the incremental costs of fulfilling that contract and an allocation of other costs that relate directly to fulfilling contracts. The amendments apply to contracts for which the entity has not yet fulfilled all its obligations at the beginning of the annual reporting period in which the entity first applies the amendments. The entity shall recognize the cumulative effect of initially applying the amendments as an adjustment to the opening balance of retained earnings or other component of equity, as appropriate, at the date of initial application. The partnership adopted these amendments on January 1, 2022 and the adoption did not have an impact on the partnership’s unaudited interim condensed consolidated financial statements. (ii) IFRS 9 – Financial instruments (“IFRS 9”) – Fees in the ‘10 per cent’ test for derecognition of financial liabilities The amendment clarifies the fees that an entity includes when assessing whether the terms of a new or modified financial liability are substantially different from the terms of the original financial liability. These fees include only those paid or received between the borrower and the lender, including fees paid or received by either the borrower or lender on the other’s behalf. An entity applies the amendment to financial liabilities that are modified or exchanged on or after the beginning of the annual reporting period in which the entity first applies the amendment. The partnership adopted this amendment on January 1, 2022 and the adoption did not have an impact on the partnership’s unaudited interim condensed consolidated financial statements.
Future changes in accounting policies	Future changes in accounting policies (i) Insurance contracts In May 2017, the IASB published IFRS 17, Insurance contracts (“IFRS 17”) a comprehensive standard that establishes principles for the recognition, measurement, presentation and disclosure of insurance contracts. IFRS 17 will replace IFRS 4, Insurance contracts . The adoption of IFRS 17 is mandatory for annual periods beginning on or after January 1, 2023. The measurement approach under IFRS 17 is based on the following: • fulfillment cash flows which comprise: ◦ a current, unbiased probability-weighted estimate of future cash flows expected to arise as the insurer fulfills the contract; ◦ the effect of the time value of money; and ◦ a risk adjustment that measures the effects of uncertainty about the amount and timing of future cash flows; • a contractual service margin which represents the unearned profit in a contract and that is recognized in profit or loss over time as the insurance coverage is provided. There will also be a new financial statement presentation for insurance contracts and additional disclosure requirements. IFRS 17 requires the partnership to distinguish between groups of contracts expected to be profit-making and groups of contracts expected to be onerous. IFRS 17 is to be applied retrospectively to each group of insurance contracts. If full retrospective application to a group of contracts is impracticable, the modified retrospective or fair value method may be used. The partnership is currently assessing the impact of IFRS 17 on its financial statements. (ii) Amendments to IAS 1 – Presentation of financial statements (“IAS 1”) The amendments clarify how to classify debt and other liabilities as current or non-current. The amendments to IAS 1 apply to annual reporting periods beginning on or after January 1, 2023. The partnership is currently assessing the impact of these amendments. (iii) Amendments to IAS 12 – Income taxes (“IAS 12”) The amendments clarify that the initial recognition exception does not apply to the initial recognition of transactions that give rise to equal taxable and deductible temporary differences. The amendments to IAS 12 apply to annual reporting periods beginning on or after January 1, 2023. The partnership is currently assessing the impact of these amendments. There are currently no other future changes to IFRS with potential impact on the partnership.

ACQUISITION OF BUSINESSES (Tabl

ACQUISITION OF BUSINESSES (Tables)	6 Months Ended
	Jun. 30, 2022
Business Combinations 1 [Abstract]
Disclosure of detailed information about business combinations	The following table summarizes the consideration transferred, assets acquired, liabilities assumed and non-controlling interests recognized at the applicable acquisition dates for significant acquisitions. The consideration transferred reflects the partnership’s equity contribution, debt raised alongside institutional partners to fund the acquisition, contingent consideration and non-cash consideration: (US$ MILLIONS) Business services Infrastructure services Total (1) Cash (2) $ 994 $ 6,493 $ 7,487 Other non-cash consideration 57 29 86 Total consideration $ 1,051 $ 6,522 $ 7,573 Cash and cash equivalents $ 158 $ 82 $ 240 Accounts receivable and other, net 38 461 499 Inventory, net — 171 171 Property, plant and equipment 4 367 371 Intangible assets 646 4,377 5,023 Goodwill 375 1,459 1,834 Deferred income tax assets 9 4 13 Financial assets 4,525 5 4,530 Equity accounted investments and other assets — 359 359 Accounts payable and other (39) (451) (490) Non-recourse borrowings in subsidiaries of the partnership (4,471) — (4,471) Deferred income tax liabilities (194) (312) (506) Net assets acquired before non-controlling interests $ 1,051 $ 6,522 $ 7,573 Non-controlling interests acquired — — — Net assets acquired $ 1,051 $ 6,522 $ 7,573 __________________________________________ (1) The fair values of acquired assets, assumed liabilities and goodwill for the acquisitions have been determined on a preliminary basis at the end of the reporting period. The following table summarizes the consideration transferred, assets acquired, liabilities assumed and non-controlling interests recognized at the applicable acquisition dates for significant acquisitions. The consideration transferred reflects the partnership’s equity contribution, debt raised alongside institutional partners to fund the acquisition, contingent consideration and non-cash consideration: (US$ MILLIONS) Business services Infrastructure services (1) Industrials (1) Total Cash (2) $ 219 $ 4,806 $ 4,040 $ 9,065 Non-cash consideration — 19 — 19 Contingent consideration 63 — 358 421 Total consideration $ 282 $ 4,825 $ 4,398 $ 9,505 Cash and cash equivalents $ 11 $ 100 $ 165 $ 276 Accounts receivable and other, net 52 412 304 768 Inventory, net — 104 484 588 Property, plant and equipment 56 1,967 467 2,490 Intangible assets 84 1,940 2,509 4,533 Goodwill 290 1,740 1,821 3,851 Equity accounted investments and other assets 9 5 28 42 Accounts payable and other (96) (839) (769) (1,704) Non-recourse borrowings in subsidiaries of the partnership (103) (27) (2) (132) Deferred income tax liabilities (21) (577) (599) (1,197) Net assets acquired before non-controlling interests $ 282 $ 4,825 $ 4,408 $ 9,515 Non-controlling interests acquired — — (10) (10) Net assets acquired $ 282 $ 4,825 $ 4,398 $ 9,505 __________________________________________ (1) The fair values of acquired assets, assumed liabilities and goodwill for the acquisitions have been determined on a preliminary basis at the end of the reporting period.

FAIR VALUE OF FINANCIAL INSTR_2

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	6 Months Ended
	Jun. 30, 2022
Fair Value Measurement [Abstract]
Financial assets classification	The following table provides the details of financial instruments and their associated financial instrument classifications as at June 30, 2022: (US$ MILLIONS) MEASUREMENT BASIS FVTPL FVOCI Amortized cost Total Financial assets Cash and cash equivalents $ — $ — $ 2,399 $ 2,399 Accounts and other receivable, net (current and non-current) — — 6,649 6,649 Other assets (current and non-current) (1) — — 436 436 Financial assets (current and non-current) (2) 615 5,504 7,064 13,183 Total $ 615 $ 5,504 $ 16,548 $ 22,667 Financial liabilities Accounts payable and other (current and non-current) (2) (3) $ 567 $ 283 $ 11,210 $ 12,060 Borrowings (current and non-current) — — 40,493 40,493 Total $ 567 $ 283 $ 51,703 $ 52,553 ____________________________________ (1) Excludes prepayments, subrogation recoverable, deferred policy acquisition costs and other assets of $1,704 million. (2) Refer to Hedging Activities in Note 4 (a) below. (3) Includes derivative liabilities, and excludes provisions, decommissioning liabilities, deferred revenues, unearned premium reserve, work in progress, post-employment benefits, liabilities held for sale and various taxes and duties of $7,951 million. The following table provides the details of financial instruments and their associated financial instrument classifications as at December 31, 2021: (US$ MILLIONS) MEASUREMENT BASIS FVTPL FVOCI Amortized cost Total Financial assets Cash and cash equivalents $ — $ — $ 2,588 $ 2,588 Accounts and other receivable, net (current and non-current) — — 5,638 5,638 Other assets (current and non-current) (1) — — 478 478 Financial assets (current and non-current) (2) 518 6,243 1,789 8,550 Total (3) $ 518 $ 6,243 $ 10,493 $ 17,254 Financial liabilities Accounts payable and other (2) (4) $ 640 $ 220 $ 10,847 $ 11,707 Borrowings (current and non-current) — — 29,076 29,076 Total $ 640 $ 220 $ 39,923 $ 40,783 ____________________________________ (1) Excludes prepayments, subrogation recoverable and other assets of $1,369 million. (2) Refer to Hedging Activities in Note 4(a) below. (3) Total financial assets include $5,200 million of assets pledged as collateral. (4) Includes derivative liabilities and excludes provisions, decommissioning liabilities, deferred revenues, unearned premium reserve, work in progress, post-employment benefits, liabilities held for sale and various taxes and duties of $7,929 million. (US$ MILLIONS) June 30, 2022 December 31, 2021 Current Marketable securities $ 979 $ 1,262 Restricted cash 1,157 224 Derivative contracts 240 179 Loans and notes receivable 171 211 Other financial assets (1) 124 138 Total current $ 2,671 $ 2,014 Non-current Marketable securities $ 2,902 $ 3,601 Restricted cash 262 297 Derivative contracts 371 123 Loans and notes receivable 5,329 936 Other financial assets (1) 1,648 1,579 Total non-current $ 10,512 $ 6,536 ____________________________________ (1) Other financial assets include secured debentures, asset backed securities and preferred shares in the partnership’s business services segment. (US$ MILLIONS) June 30, 2022 December 31, 2021 Current, net $ 5,905 $ 4,945 Non-current, net Accounts receivable 61 60 Retainer on customer contract 47 61 Billing rights 636 572 Total non-current, net $ 744 $ 693 Total $ 6,649 $ 5,638
Financial liabilities classification	The following table provides the details of financial instruments and their associated financial instrument classifications as at June 30, 2022: (US$ MILLIONS) MEASUREMENT BASIS FVTPL FVOCI Amortized cost Total Financial assets Cash and cash equivalents $ — $ — $ 2,399 $ 2,399 Accounts and other receivable, net (current and non-current) — — 6,649 6,649 Other assets (current and non-current) (1) — — 436 436 Financial assets (current and non-current) (2) 615 5,504 7,064 13,183 Total $ 615 $ 5,504 $ 16,548 $ 22,667 Financial liabilities Accounts payable and other (current and non-current) (2) (3) $ 567 $ 283 $ 11,210 $ 12,060 Borrowings (current and non-current) — — 40,493 40,493 Total $ 567 $ 283 $ 51,703 $ 52,553 ____________________________________ (1) Excludes prepayments, subrogation recoverable, deferred policy acquisition costs and other assets of $1,704 million. (2) Refer to Hedging Activities in Note 4 (a) below. (3) Includes derivative liabilities, and excludes provisions, decommissioning liabilities, deferred revenues, unearned premium reserve, work in progress, post-employment benefits, liabilities held for sale and various taxes and duties of $7,951 million. The following table provides the details of financial instruments and their associated financial instrument classifications as at December 31, 2021: (US$ MILLIONS) MEASUREMENT BASIS FVTPL FVOCI Amortized cost Total Financial assets Cash and cash equivalents $ — $ — $ 2,588 $ 2,588 Accounts and other receivable, net (current and non-current) — — 5,638 5,638 Other assets (current and non-current) (1) — — 478 478 Financial assets (current and non-current) (2) 518 6,243 1,789 8,550 Total (3) $ 518 $ 6,243 $ 10,493 $ 17,254 Financial liabilities Accounts payable and other (2) (4) $ 640 $ 220 $ 10,847 $ 11,707 Borrowings (current and non-current) — — 29,076 29,076 Total $ 640 $ 220 $ 39,923 $ 40,783 ____________________________________ (1) Excludes prepayments, subrogation recoverable and other assets of $1,369 million. (2) Refer to Hedging Activities in Note 4(a) below. (3) Total financial assets include $5,200 million of assets pledged as collateral. (4) Includes derivative liabilities and excludes provisions, decommissioning liabilities, deferred revenues, unearned premium reserve, work in progress, post-employment benefits, liabilities held for sale and various taxes and duties of $7,929 million.
Carrying and fair values of financial assets	The following table categorizes financial assets and liabilities, which are carried at fair value, based upon the level of input as at June 30, 2022 and December 31, 2021: June 30, 2022 December 31, 2021 (US$ MILLIONS) Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Financial assets Common shares $ 668 $ — $ — $ 865 $ — $ — Corporate and government bonds 73 3,306 — 43 3,956 — Derivative assets 17 594 — 2 300 — Other financial assets (1) 491 688 282 586 712 297 $ 1,249 $ 4,588 $ 282 $ 1,496 $ 4,968 $ 297 Financial liabilities Derivative liabilities $ 63 $ 485 $ 17 $ 14 $ 348 $ 19 Other financial liabilities (2) — — 285 — — 479 $ 63 $ 485 $ 302 $ 14 $ 348 $ 498 ____________________________________ (1) Other financial assets include secured debentures, asset-backed securities and preferred shares. Level 1 other financial assets are primarily publicly traded preferred shares and mutual funds. Level 2 other financial assets are primarily asset-backed securities and Level 3 financial assets are primarily secured debentures and non-listed equity instruments. (2) Includes $247 million ( December 31, 2021 : $411 million) of contingent consideration payable between 2022 and 2024 in relation to the acquisition of subsidiaries. Refer to Note 3 for further information.
Carrying and fair values of financial liabilities	The following table categorizes financial assets and liabilities, which are carried at fair value, based upon the level of input as at June 30, 2022 and December 31, 2021: June 30, 2022 December 31, 2021 (US$ MILLIONS) Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Financial assets Common shares $ 668 $ — $ — $ 865 $ — $ — Corporate and government bonds 73 3,306 — 43 3,956 — Derivative assets 17 594 — 2 300 — Other financial assets (1) 491 688 282 586 712 297 $ 1,249 $ 4,588 $ 282 $ 1,496 $ 4,968 $ 297 Financial liabilities Derivative liabilities $ 63 $ 485 $ 17 $ 14 $ 348 $ 19 Other financial liabilities (2) — — 285 — — 479 $ 63 $ 485 $ 302 $ 14 $ 348 $ 498 ____________________________________ (1) Other financial assets include secured debentures, asset-backed securities and preferred shares. Level 1 other financial assets are primarily publicly traded preferred shares and mutual funds. Level 2 other financial assets are primarily asset-backed securities and Level 3 financial assets are primarily secured debentures and non-listed equity instruments. (2) Includes $247 million ( December 31, 2021 : $411 million) of contingent consideration payable between 2022 and 2024 in relation to the acquisition of subsidiaries. Refer to Note 3 for further information.
Schedule of significant unobservable inputs used and change in balance of financial assets	The following table presents the change in the balance of financial assets classified as Level 3 as at June 30, 2022 and December 31, 2021: (US$ MILLIONS) June 30, 2022 December 31, 2021 Balance at beginning of period $ 297 $ 341 Fair value change recorded in net income (4) (5) Fair value change recorded in other comprehensive income (2) 17 Additions 76 121 Disposals (82) (172) Foreign currency translation and other (3) (5) Balance at end of period $ 282 $ 297 The following table presents the change in the balance of financial liabilities classified as Level 3 as at June 30, 2022 and December 31, 2021: (US$ MILLIONS) June 30, 2022 December 31, 2021 Balance at beginning of period $ 498 $ 11 Fair value change recorded in net income 2 3 Additions 83 510 Disposals (308) (5) Foreign currency translation and other 27 (21) Balance at end of period $ 302 $ 498
Schedule of significant unobservable inputs used and change in balance of financial liabilities	The following table presents the change in the balance of financial assets classified as Level 3 as at June 30, 2022 and December 31, 2021: (US$ MILLIONS) June 30, 2022 December 31, 2021 Balance at beginning of period $ 297 $ 341 Fair value change recorded in net income (4) (5) Fair value change recorded in other comprehensive income (2) 17 Additions 76 121 Disposals (82) (172) Foreign currency translation and other (3) (5) Balance at end of period $ 282 $ 297 The following table presents the change in the balance of financial liabilities classified as Level 3 as at June 30, 2022 and December 31, 2021: (US$ MILLIONS) June 30, 2022 December 31, 2021 Balance at beginning of period $ 498 $ 11 Fair value change recorded in net income 2 3 Additions 83 510 Disposals (308) (5) Foreign currency translation and other 27 (21) Balance at end of period $ 302 $ 498

FINANCIAL ASSETS (Tables)

FINANCIAL ASSETS (Tables)	6 Months Ended
	Jun. 30, 2022
Financial Instruments [Abstract]
Disclosure of financial assets	The following table provides the details of financial instruments and their associated financial instrument classifications as at June 30, 2022: (US$ MILLIONS) MEASUREMENT BASIS FVTPL FVOCI Amortized cost Total Financial assets Cash and cash equivalents $ — $ — $ 2,399 $ 2,399 Accounts and other receivable, net (current and non-current) — — 6,649 6,649 Other assets (current and non-current) (1) — — 436 436 Financial assets (current and non-current) (2) 615 5,504 7,064 13,183 Total $ 615 $ 5,504 $ 16,548 $ 22,667 Financial liabilities Accounts payable and other (current and non-current) (2) (3) $ 567 $ 283 $ 11,210 $ 12,060 Borrowings (current and non-current) — — 40,493 40,493 Total $ 567 $ 283 $ 51,703 $ 52,553 ____________________________________ (1) Excludes prepayments, subrogation recoverable, deferred policy acquisition costs and other assets of $1,704 million. (2) Refer to Hedging Activities in Note 4 (a) below. (3) Includes derivative liabilities, and excludes provisions, decommissioning liabilities, deferred revenues, unearned premium reserve, work in progress, post-employment benefits, liabilities held for sale and various taxes and duties of $7,951 million. The following table provides the details of financial instruments and their associated financial instrument classifications as at December 31, 2021: (US$ MILLIONS) MEASUREMENT BASIS FVTPL FVOCI Amortized cost Total Financial assets Cash and cash equivalents $ — $ — $ 2,588 $ 2,588 Accounts and other receivable, net (current and non-current) — — 5,638 5,638 Other assets (current and non-current) (1) — — 478 478 Financial assets (current and non-current) (2) 518 6,243 1,789 8,550 Total (3) $ 518 $ 6,243 $ 10,493 $ 17,254 Financial liabilities Accounts payable and other (2) (4) $ 640 $ 220 $ 10,847 $ 11,707 Borrowings (current and non-current) — — 29,076 29,076 Total $ 640 $ 220 $ 39,923 $ 40,783 ____________________________________ (1) Excludes prepayments, subrogation recoverable and other assets of $1,369 million. (2) Refer to Hedging Activities in Note 4(a) below. (3) Total financial assets include $5,200 million of assets pledged as collateral. (4) Includes derivative liabilities and excludes provisions, decommissioning liabilities, deferred revenues, unearned premium reserve, work in progress, post-employment benefits, liabilities held for sale and various taxes and duties of $7,929 million. (US$ MILLIONS) June 30, 2022 December 31, 2021 Current Marketable securities $ 979 $ 1,262 Restricted cash 1,157 224 Derivative contracts 240 179 Loans and notes receivable 171 211 Other financial assets (1) 124 138 Total current $ 2,671 $ 2,014 Non-current Marketable securities $ 2,902 $ 3,601 Restricted cash 262 297 Derivative contracts 371 123 Loans and notes receivable 5,329 936 Other financial assets (1) 1,648 1,579 Total non-current $ 10,512 $ 6,536 ____________________________________ (1) Other financial assets include secured debentures, asset backed securities and preferred shares in the partnership’s business services segment. (US$ MILLIONS) June 30, 2022 December 31, 2021 Current, net $ 5,905 $ 4,945 Non-current, net Accounts receivable 61 60 Retainer on customer contract 47 61 Billing rights 636 572 Total non-current, net $ 744 $ 693 Total $ 6,649 $ 5,638

ACCOUNTS AND OTHER RECEIVABLE_2

ACCOUNTS AND OTHER RECEIVABLE, NET (Tables)	6 Months Ended
	Jun. 30, 2022
Subclassifications of assets, liabilities and equities [abstract]
Disclosure of financial assets	The following table provides the details of financial instruments and their associated financial instrument classifications as at June 30, 2022: (US$ MILLIONS) MEASUREMENT BASIS FVTPL FVOCI Amortized cost Total Financial assets Cash and cash equivalents $ — $ — $ 2,399 $ 2,399 Accounts and other receivable, net (current and non-current) — — 6,649 6,649 Other assets (current and non-current) (1) — — 436 436 Financial assets (current and non-current) (2) 615 5,504 7,064 13,183 Total $ 615 $ 5,504 $ 16,548 $ 22,667 Financial liabilities Accounts payable and other (current and non-current) (2) (3) $ 567 $ 283 $ 11,210 $ 12,060 Borrowings (current and non-current) — — 40,493 40,493 Total $ 567 $ 283 $ 51,703 $ 52,553 ____________________________________ (1) Excludes prepayments, subrogation recoverable, deferred policy acquisition costs and other assets of $1,704 million. (2) Refer to Hedging Activities in Note 4 (a) below. (3) Includes derivative liabilities, and excludes provisions, decommissioning liabilities, deferred revenues, unearned premium reserve, work in progress, post-employment benefits, liabilities held for sale and various taxes and duties of $7,951 million. The following table provides the details of financial instruments and their associated financial instrument classifications as at December 31, 2021: (US$ MILLIONS) MEASUREMENT BASIS FVTPL FVOCI Amortized cost Total Financial assets Cash and cash equivalents $ — $ — $ 2,588 $ 2,588 Accounts and other receivable, net (current and non-current) — — 5,638 5,638 Other assets (current and non-current) (1) — — 478 478 Financial assets (current and non-current) (2) 518 6,243 1,789 8,550 Total (3) $ 518 $ 6,243 $ 10,493 $ 17,254 Financial liabilities Accounts payable and other (2) (4) $ 640 $ 220 $ 10,847 $ 11,707 Borrowings (current and non-current) — — 29,076 29,076 Total $ 640 $ 220 $ 39,923 $ 40,783 ____________________________________ (1) Excludes prepayments, subrogation recoverable and other assets of $1,369 million. (2) Refer to Hedging Activities in Note 4(a) below. (3) Total financial assets include $5,200 million of assets pledged as collateral. (4) Includes derivative liabilities and excludes provisions, decommissioning liabilities, deferred revenues, unearned premium reserve, work in progress, post-employment benefits, liabilities held for sale and various taxes and duties of $7,929 million. (US$ MILLIONS) June 30, 2022 December 31, 2021 Current Marketable securities $ 979 $ 1,262 Restricted cash 1,157 224 Derivative contracts 240 179 Loans and notes receivable 171 211 Other financial assets (1) 124 138 Total current $ 2,671 $ 2,014 Non-current Marketable securities $ 2,902 $ 3,601 Restricted cash 262 297 Derivative contracts 371 123 Loans and notes receivable 5,329 936 Other financial assets (1) 1,648 1,579 Total non-current $ 10,512 $ 6,536 ____________________________________ (1) Other financial assets include secured debentures, asset backed securities and preferred shares in the partnership’s business services segment. (US$ MILLIONS) June 30, 2022 December 31, 2021 Current, net $ 5,905 $ 4,945 Non-current, net Accounts receivable 61 60 Retainer on customer contract 47 61 Billing rights 636 572 Total non-current, net $ 744 $ 693 Total $ 6,649 $ 5,638

INVENTORY, NET (Tables)

INVENTORY, NET (Tables)	6 Months Ended
	Jun. 30, 2022
Inventories [Abstract]
Disclosure of current inventories	(US$ MILLIONS) June 30, 2022 December 31, 2021 Raw materials and consumables $ 1,419 $ 1,340 Fuel products (1) 857 727 Work in progress 817 723 RTFO certificates (2) 525 391 Finished goods and other (3) 1,856 1,331 Carrying amount of inventories $ 5,474 $ 4,512 ____________________________________ (1) Fuel products that are traded in active markets are purchased with a view to resell in the near future. As a result, these stocks of fuel products are recorded at fair value based on quoted market prices. (2) RTFO certificates held for trading as at June 30, 2022 had a fair value of $nil (December 31, 2021: $nil). There is no externally quoted marketplace for the valuation of RTFO certificates. In order to value these contracts, the partnership has adopted a pricing methodology combining both observable inputs based on market data and assumptions developed internally based on observable market activity. (3) Finished goods and other are mainly composed of finished goods inventory in the infrastructure services and industrials segments.

OTHER ASSETS (Tables)

OTHER ASSETS (Tables)	6 Months Ended
	Jun. 30, 2022
Subclassifications of assets, liabilities and equities [abstract]
Disclosure of Other Assets	(US$ MILLIONS) June 30, 2022 December 31, 2021 Current Work in progress (1) $ 436 $ 478 Prepayments and other assets 1,087 872 Assets held for sale 71 9 Total current $ 1,594 $ 1,359 Non-current Prepayments and other assets 546 488 Total non-current $ 546 $ 488 ____________________________________ (1) See Note 15 for additional information.

PROPERTY, PLANT AND EQUIPMENT (

PROPERTY, PLANT AND EQUIPMENT (Tables)	6 Months Ended
	Jun. 30, 2022
Property, plant and equipment [abstract]
Disclosure of detailed information about property, plant and equipment	(US$ MILLIONS) June 30, 2022 December 31, 2021 Gross carrying amount Balance at beginning of period $ 20,342 $ 18,004 Additions (cash and non-cash) 893 1,419 Dispositions (183) (1,173) Acquisitions through business combinations (1) 439 2,518 Transfers and assets reclassified as held for sale (184) (139) Foreign currency translation and other (780) (287) Balance at end of period $ 20,527 $ 20,342 Accumulated depreciation and impairment Balance at beginning of period $ (5,017) $ (4,022) Depreciation/depletion/impairment expense (2) (682) (1,680) Dispositions 111 553 Transfers and assets reclassified as held for sale 114 103 Foreign currency translation and other 119 29 Balance at end of period $ (5,355) $ (5,017) Net book value (3) $ 15,172 $ 15,325 ____________________________________ (1) See Note 3 for additional information. (2) Includes a $206 million impairment reversal related to the partnership’s natural gas production operation as a result of a change in estimate of future natural gas prices. (3) Includes right-of-use assets of $1,443 million as at June 30, 2022 (December 31, 2021: $1,551 million).

INTANGIBLE ASSETS (Tables)

INTANGIBLE ASSETS (Tables)	6 Months Ended
	Jun. 30, 2022
Intangible Assets [Abstract]
Disclosure of reconciliation of changes in intangible assets	(US$ MILLIONS) June 30, 2022 December 31, 2021 Gross carrying amount Balance at beginning of period $ 17,128 $ 12,874 Additions 210 322 Dispositions — (155) Acquisitions through business combinations (1) 5,111 4,536 Assets reclassified as held for sale — — Foreign currency translation (338) (449) Balance at end of period $ 22,111 $ 17,128 Accumulated amortization and impairment Balance at beginning of period $ (2,322) $ (1,613) Amortization/impairment expense (616) (841) Dispositions — 73 Foreign currency translation 47 59 Balance at end of period $ (2,891) $ (2,322) Net book value $ 19,220 $ 14,806 ____________________________________ (1) See Note 3 for additional information. (US$ MILLIONS) June 30, 2022 December 31, 2021 Balance at beginning of period $ 8,585 $ 5,244 Acquisitions through business combinations (1) 1,850 3,967 Impairment (2) (111) (175) Dispositions (3) — (171) Foreign currency translation (417) (280) Balance at end of period $ 9,907 $ 8,585 ____________________________________ (1) See Note 3 for additional information. (2) Relates to a goodwill impairment loss of $111 million at the partnership’s offshore oil services operations (2021: $175 million). (3) Relates to the deconsolidation of the partnership’s graphite electrode operations on March 1, 2021. Refer to Note 8 for additional information.

GOODWILL (Tables)

GOODWILL (Tables)	6 Months Ended
	Jun. 30, 2022
Intangible Assets [Abstract]
Disclosure of reconciliation of changes in Goodwill	(US$ MILLIONS) June 30, 2022 December 31, 2021 Gross carrying amount Balance at beginning of period $ 17,128 $ 12,874 Additions 210 322 Dispositions — (155) Acquisitions through business combinations (1) 5,111 4,536 Assets reclassified as held for sale — — Foreign currency translation (338) (449) Balance at end of period $ 22,111 $ 17,128 Accumulated amortization and impairment Balance at beginning of period $ (2,322) $ (1,613) Amortization/impairment expense (616) (841) Dispositions — 73 Foreign currency translation 47 59 Balance at end of period $ (2,891) $ (2,322) Net book value $ 19,220 $ 14,806 ____________________________________ (1) See Note 3 for additional information. (US$ MILLIONS) June 30, 2022 December 31, 2021 Balance at beginning of period $ 8,585 $ 5,244 Acquisitions through business combinations (1) 1,850 3,967 Impairment (2) (111) (175) Dispositions (3) — (171) Foreign currency translation (417) (280) Balance at end of period $ 9,907 $ 8,585 ____________________________________ (1) See Note 3 for additional information. (2) Relates to a goodwill impairment loss of $111 million at the partnership’s offshore oil services operations (2021: $175 million). (3) Relates to the deconsolidation of the partnership’s graphite electrode operations on March 1, 2021. Refer to Note 8 for additional information.

EQUITY ACCOUNTED INVESTMENTS (T

EQUITY ACCOUNTED INVESTMENTS (Tables)	6 Months Ended
	Jun. 30, 2022
Interests In Other Entities [Abstract]
Disclosure of change in equity investments	(US$ MILLIONS) June 30, 2022 December 31, 2021 Balance at beginning of year $ 1,480 $ 1,690 Acquisitions through business combinations 339 20 Additions 126 430 Impairment losses — (29) Dispositions — (534) Share of net income 91 13 Share of other comprehensive income (loss) (1) (16) Distributions received (92) (89) Foreign currency translation (3) (5) Balance at end of period $ 1,940 $ 1,480 On May 31, 2022, the partnership completed the acquisition of a 23% economic interest in CUPA Finance, S.L. (“Cupa”) for consideration of $100 million. The partnership has joint control over Cupa and has accounted for its investment as an equity accounted investment.

ACCOUNTS PAYABLE AND OTHER (Tab

ACCOUNTS PAYABLE AND OTHER (Tables)	6 Months Ended
	Jun. 30, 2022
Subclassifications of assets, liabilities and equities [abstract]
Disclosure of accounts payable and other	(US$ MILLIONS) June 30, 2022 December 31, 2021 Current Accounts payable $ 3,979 $ 3,665 Accrued and other liabilities (1) (2) 5,338 4,977 Lease liabilities 311 312 Financial liabilities (3) 510 316 Unearned premiums reserve (4) 615 620 Work in progress (5) 1,377 1,397 Provisions and decommissioning liabilities 473 563 Liabilities held for sale 41 — Total current $ 12,644 $ 11,850 Non-current Accounts payable $ 104 $ 119 Accrued and other liabilities (2) 1,570 1,556 Lease liabilities 1,179 1,293 Financial liabilities (3) 2,061 2,159 Unearned premiums reserve (4) 1,564 1,608 Work in progress (5) 13 1 Provisions and decommissioning liabilities (5) 876 1,050 Total non-current $ 7,367 $ 7,786 ____________________________________ (1) Includes bank overdrafts of $870 million as at June 30, 2022 (December 31, 2021: $727 million). (2) Includes post-employment benefits of $775 million ($14 million current and $761 million non-current) as at June 30, 2022 and $771 million ($20 million current and $751 million non-current) as at December 31, 2021. (3) Includes financial liabilities of $1,644 million ($62 million current and $1,582 million non-current) as at June 30, 2022 and $1,732 million ($66 million current and $1,666 million non-current) as at December 31, 2021 related to the sale and leaseback of hospitals. (4) See Note 25 for additional information. (5) See Note 15 for additional information.

CONTRACTS IN PROGRESS (Tables)

CONTRACTS IN PROGRESS (Tables)	6 Months Ended
	Jun. 30, 2022
Construction Contracts [Abstract]
Disclosure of contracts in progress	A summary of the partnership’s contracts in progress is presented below: (US$ MILLIONS) June 30, 2022 December 31, 2021 Contract costs incurred to date $ 20,147 $ 21,381 Profit recognized to date (less recognized losses) 1,843 1,783 21,990 23,164 Less: progress billings (22,944) (24,084) Contract work in progress (liability) $ (954) $ (920) Comprising: Amounts due from customers – work in progress $ 436 $ 478 Amounts due to customers – creditors (1,390) (1,398) Net work in progress $ (954) $ (920)

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	6 Months Ended
	Jun. 30, 2022
Related Party [Abstract]
Disclosure of transactions between related parties	The following tables summarize other transactions the partnership has entered into with related parties: Three Months Ended Six Months Ended (US$ MILLIONS) 2022 2021 2022 2021 Transactions during the period Business services revenues (1) $ 62 $ 133 $ 141 $ 287 ____________________________________ (1) Within the business services segment, the partnership provides construction services to affiliates of Brookfield. (US$ MILLIONS) June 30, 2022 December 31, 2021 Balances at end of period Accounts and other receivable, net 133 138 Accounts payable and other (1) 552 549 Non-recourse borrowings in subsidiaries of the partnership 56 56 ____________________________________ (1) Includes $345 million (December 31, 2021: $326 million) related to a tax receivable agreement payable to related parties by the partnership’s advanced energy storage operations.

DERIVATIVE FINANCIAL INSTRUME_2

DERIVATIVE FINANCIAL INSTRUMENTS (Tables)	6 Months Ended
	Jun. 30, 2022
Financial Instruments [Abstract]
Disclosure of detailed information about hedging instruments	The aggregate fair values of the partnership’s derivative financial instruments positions as at June 30, 2022 and December 31, 2021 were as follows: June 30, 2022 December 31, 2021 (US$ MILLIONS) Financial Asset Financial Liability Financial Asset Financial Liability Foreign exchange contracts $ 298 $ 191 $ 184 $ 129 Cross currency swaps 5 2 5 1 Interest rate derivatives 260 129 62 179 Equity derivatives 2 17 11 19 Commodities contracts 46 226 40 53 Total $ 611 $ 565 $ 302 $ 381 Total current $ 240 $ 356 $ 179 $ 160 Total non-current $ 371 $ 209 $ 123 $ 221

EQUITY (Tables)

EQUITY (Tables)	6 Months Ended
	Jun. 30, 2022
Equity [abstract]
Disclosure of classes of share capital	The table below provides a continuity of GP Units and LP Units outstanding for the period ended June 30, 2022: UNITS GP Units LP Units Total Balance as at January 1, 2022 4 77,085,493 77,085,497 Repurchased and canceled — (2,525,490) (2,525,490) Conversion from BBUC exchangeable shares — 50,825 50,825 Balance as at June 30, 2022 4 74,610,828 74,610,832 The table below provides a continuity of Redemption-Exchange Units outstanding for the period ended June 30, 2022: UNITS Redemption-Exchange Units Balance as at January 1, 2022 69,705,497 Repurchased and canceled — Balance as at June 30, 2022 69,705,497 The table below provides a continuity of BBUC exchangeable shares outstanding for the period ended June 30, 2022: SHARES BBUC exchangeable shares Balance as at January 1, 2022 — Special distribution 73,088,510 Converted to class C shares (80,425) Converted to LP Units (50,825) Balance as at June 30, 2022 72,957,260

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	6 Months Ended
	Jun. 30, 2022
Disclosure of analysis of other comprehensive income by item [abstract]
Disclosure of accumulated other comprehensive income (loss)	Attributable to Limited Partners (US$ MILLIONS) Foreign currency FVOCI Other (1) Accumulated other comprehensive income (loss) Balance as at January 1, 2022 $ (252) $ 76 $ 23 $ (153) Other comprehensive income (loss) (33) (73) 37 (69) Ownership changes 3 — 1 4 Issuance of BBUC exchangeable shares (2) 67 (15) (5) 47 Balance as at June 30, 2022 $ (215) $ (12) $ 56 $ (171) ____________________________________ (1) Represents net investment hedges, cash flow hedges and other reserves. (2) In connection with to the special distribution of BBUC, $47 million of accumulated other comprehensive income (loss) was reallocated to class A shares of BBUC. Refer to Note 1 for further details. (US$ MILLIONS) Foreign currency FVOCI Other (1) Accumulated other comprehensive income (loss) Balance as at January 1, 2021 $ (144) $ 52 $ (88) $ (180) Other comprehensive income (loss) 4 19 16 39 Ownership changes (38) (1) 1 (38) Balance as at June 30, 2021 $ (178) $ 70 $ (71) $ (179) ____________________________________ (1) Represents net investment hedges, cash flow hedges and other reserves.

DIRECT OPERATING COSTS (Tables)

DIRECT OPERATING COSTS (Tables)	6 Months Ended
	Jun. 30, 2022
Analysis of income and expense [abstract]
Disclosure of direct operating costs	The following table presents direct operating costs by nature for the three and six months ended June 30, 2022 and 2021. Comparative figures have been reclassified to conform the current period’s presentation as described in Note 2 (a): Three Months Ended Six Months Ended (US$ MILLIONS) 2022 2021 2022 2021 Inventory costs $ 9,838 $ 7,357 $ 18,591 $ 13,421 Subcontractor and consultant costs 812 911 1,553 1,660 Concession construction materials and labor costs 81 51 160 84 Depreciation and amortization expense 786 553 1,488 1,095 Compensation 1,287 980 2,496 1,971 Other direct costs 870 697 1,981 1,296 Total $ 13,674 $ 10,549 $ 26,269 $ 19,527

REVENUES (Tables)

REVENUES (Tables)	6 Months Ended
	Jun. 30, 2022
Revenue [abstract]
Disclosure of segment revenues by type	The tables below summarize the partnership’s segment revenues by type of revenue for the three and six months ended June 30, 2022: Three Months Ended June 30, 2022 (US$ MILLIONS) Business services Infrastructure services Industrials Corporate Total Revenues by type Revenues from contracts with customers $ 8,839 $ 1,444 $ 3,675 $ — $ 13,958 Other revenues 306 358 4 — 668 Total revenues $ 9,145 $ 1,802 $ 3,679 $ — $ 14,626 Six Months Ended June 30, 2022 (US$ MILLIONS) Business services Infrastructure services Industrials Corporate Total Revenues by type Revenues from contracts with customers $ 16,807 $ 2,608 $ 7,341 $ — $ 26,756 Other revenues 612 722 8 — 1,342 Total revenues $ 17,419 $ 3,330 $ 7,349 $ — $ 28,098 The tables below summarize the partnership’s segment revenues by type of revenue for the three and six months ended June 30, 2021: Three Months Ended June 30, 2021 (US$ MILLIONS) Business services Infrastructure services Industrials Corporate Total Revenues by type Revenues from contracts with customers $ 7,431 $ 877 $ 2,547 $ — $ 10,855 Other revenues 248 128 4 — 380 Total revenues $ 7,679 $ 1,005 $ 2,551 $ — $ 11,235 Six Months Ended June 30, 2021 (US$ MILLIONS) Business services Infrastructure services Industrials Corporate Total Revenues by type Revenues from contracts with customers $ 13,094 $ 1,857 $ 5,358 $ — $ 20,309 Other revenues 487 259 9 — 755 Total revenues $ 13,581 $ 2,116 $ 5,367 $ — $ 21,064 Three Months Ended June 30, 2022 Total attributable to Unitholders Attributable to non-controlling interests As per IFRS Financials (US$ MILLIONS) Business Infrastructure services Industrials Corporate Total (1) Revenues $ 2,476 $ 706 $ 1,120 $ — $ 4,302 $ 10,324 $ 14,626 Direct operating costs (2) (2,292) (507) (906) (6) (3,711) (9,177) (12,888) General and administrative expenses (33) (33) (33) (26) (125) (185) (310) Gain (loss) on acquisitions / dispositions, net recorded in equity (3)(4) 19 — — — 19 — 19 Other income (expense), net (5) — 9 — — 9 14 23 Interest income (expense), net (18) (70) (81) (18) (187) (369) (556) Current income tax (expense) recovery (14) (6) (17) 16 (21) (54) (75) Equity accounted Adjusted EFO (6) 13 25 18 — 56 28 84 Adjusted EFO 151 124 101 (34) 342 Depreciation and amortization expense (2)(7) (267) (519) (786) Impairment reversal (expense), net 41 37 78 Gain (loss) on acquisitions / dispositions, net recorded in equity (3) (19) — (19) Other income (expense), net (5) (87) (154) (241) Deferred income tax (expense) recovery 163 219 382 Non-cash items attributable to equity accounted investments (6) (30) (13) (43) Net income (loss) $ 143 $ 151 $ 294 ____________________________________ (1) Adjusted EFO and net income (loss) attributable to Unitholders include Adjusted EFO and net income (loss) attributable to limited partnership unitholders, general partnership unitholders, redemption-exchange unitholders, special limited partnership unitholders and BBUC exchangeable shares. (2) The sum of these amounts equates to direct operating costs of $13,674 million as per the unaudited interim condensed consolidated statements of operating results. (3) The sum of these amounts equates to the gain (loss) on acquisitions/dispositions, net of $nil as per the unaudited interim condensed consolidated statements of operating results. (4) Gain (loss) on acquisitions/dispositions, net recorded in equity in Adjusted EFO of $19 million represents the partnership’s economic ownership interest in gains (losses) on disposition related to the sale of a financial asset measured at FVOCI. (5) The sum of these amounts equates to other income (expense), net of $(218) million as per the unaudited interim condensed consolidated statements of operating results. Other income (expense), net in Adjusted EFO of $9 million includes $9 million of net gains on the sale of property plant and equipment. Other income (expense), net at the partnership’s economic ownership interest that is excluded from Adjusted EFO of $(87) million includes $45 million of net unrealized revaluation losses, $14 million of business separation expenses, stand-up costs and restructuring charges, $19 million of transaction costs and $9 million of other expenses. (6) The sum of these amounts equates to equity accounted income (loss), net of $41 million as per the unaudited interim condensed consolidated statements of operating results. (7) For the three month period ended June 30, 2022, depreciation and amortization expense by segment is as follows: business services $118 million, infrastructure services $340 million, industrials $328 million, and corporate and other $nil. Six Months Ended June 30, 2022 Total attributable to Unitholders Attributable to non-controlling interests As per IFRS Financials (US$ MILLIONS) Business Infrastructure services Industrials Corporate Total (1) Revenues $ 4,768 $ 1,318 $ 2,227 $ — $ 8,313 $ 19,785 $ 28,098 Direct operating costs (2) (4,447) (908) (1,787) (12) (7,154) (17,627) (24,781) General and administrative expenses (65) (62) (65) (53) (245) (365) (610) Gain (loss) on acquisitions / dispositions, net in equity (3)(4) 19 — — — 19 — 19 Other income (expense), net (5) 1 (1) — — — (1) (1) Interest income (expense), net (43) (117) (149) (29) (338) (678) (1,016) Current income tax (expense) recovery (22) (10) (39) 29 (42) (112) (154) Equity accounted Adjusted EFO (6) 20 43 36 — 99 55 154 Adjusted EFO 231 263 223 (65) 652 Depreciation and amortization expense (2)(7) (502) (986) (1,488) Impairment reversal (expense), net 41 37 78 Gain (loss) on acquisitions / dispositions, net in equity (3) (19) — (19) Other income (expense), net (5) (115) (201) (316) Deferred income tax (expense) recovery 161 251 412 Non-cash items attributable to equity accounted investments (6) (47) (16) (63) Net income (loss) $ 171 $ 142 $ 313 ____________________________________ (1) Adjusted EFO and net income (loss) attributable to Unitholders include Adjusted EFO, and net income (loss) attributable to limited partnership unitholders, general partnership unitholders, redemption-exchange unitholders, special limited partnership unitholders and BBUC exchangeable shares. (2) The sum of these amounts equates to direct operating costs of $26,269 million as per the unaudited interim condensed consolidated statements of operating results. (3) The sum of these amounts equates to the gain (loss) on acquisitions/dispositions, net of $nil as per the unaudited interim condensed consolidated statements of operating results. (4) Gain (loss) on acquisitions/dispositions, net recorded in equity in Adjusted EFO of $19 million represents the partnership’s economic ownership interest in gains (losses) on disposition related to the sale of a financial asset measured at FVOCI. (5) The sum of these amounts equates to other income (expense), net of $(317) million as per the unaudited interim condensed consolidated statements of operating results. Other income (expense), net in Adjusted EFO of $nil includes $6 million of net realized revaluation losses, $10 million of net gains on the sale of property plant and equipment and $4 million of other expenses. Other income (expense), net at the partnership’s economic ownership interest that is excluded from Adjusted EFO of $(115) million includes $47 million of net unrealized revaluation losses, $26 million of business separation expenses, stand-up costs and restructuring charges, $28 million of transaction costs and $14 million of other expenses. (6) The sum of these amounts equates to equity accounted income (loss), net of $91 million as per the unaudited interim condensed consolidated statements of operating results. (7) For the six month period ended June 30, 2022, depreciation and amortization expense by segment is as follows: business services $232 million, infrastructure services $591 million, industrials $665 million, and corporate and other $nil. Three Months Ended June 30, 2021 Total attributable to Unitholders Attributable to non-controlling interests As per IFRS Financials (US$ MILLIONS) Business Infrastructure services Industrials Corporate Total (1) Revenues $ 2,401 $ 436 $ 716 $ — $ 3,553 $ 7,682 $ 11,235 Direct operating costs (2) (2,220) (325) (574) (4) (3,123) (6,873) (9,996) General and administrative expenses (41) (18) (17) (30) (106) (147) (253) Gain (loss) on acquisitions / dispositions, net (3) — — 7 — 7 8 15 Gain (loss) on acquisitions / dispositions, net recorded in equity (3)(4) — — 163 — 163 — 163 Other income (expense), net (5) (1) 1 — — — (4) (4) Interest income (expense), net (19) (38) (57) (3) (117) (234) (351) Current income tax (expense) recovery (30) (1) (32) 12 (51) (67) (118) Equity accounted Adjusted EFO (6) 3 17 10 — 30 17 47 Adjusted EFO 93 72 216 (25) 356 Depreciation and amortization expense (2)(7) (191) (362) (553) Gain (loss) on acquisitions / dispositions, net (3) — 1 1 Gain (loss) on acquisitions / dispositions, net recorded in equity (3) (163) — (163) Other income (expense), net (5) (30) (63) (93) Deferred income tax (expense) recovery 41 40 81 Non-cash items attributable to equity accounted investments (6) (28) (12) (40) Net income (loss) $ (15) $ (14) $ (29) ____________________________________ (1) Adjusted EFO and net income (loss) attributable to Unitholders include Adjusted EFO and net income (loss) attributable to limited partnership unitholders, general partnership unitholders, redemption-exchange unitholders, special limited partnership unitholders and BBUC exchangeable shares. (2) The sum of these amounts equates to direct operating costs of $10,549 million as per the unaudited interim condensed consolidated statements of operating results. (3) The sum of these amounts equates to the gain (loss) on acquisitions/dispositions, net of $16 million as per the unaudited interim condensed consolidated statements of operating results. (4) Gain (loss) on acquisitions/dispositions, net recorded in equity in Adjusted EFO of $163 million represents the partnership’s economic ownership interest in gains (losses) on dispositions of $163 million related to the disposition of the partnership’s investment in its graphite electrode operations. (5) The sum of these amounts equates to other income (expense), net of $(97) million as per the unaudited interim condensed consolidated statements of operating results. Other income (expense), net in Adjusted EFO of $nil includes $1 million of realized net revaluation losses and $1 million of other income. Other income (expense), net at the partnership’s economic ownership interest that is excluded from Adjusted EFO of $(30) million includes $8 million of net unrealized revaluation gains, $17 million of business separation expenses, stand-up costs and restructuring charges, $3 million of net losses on debt extinguishment/modification, and $18 million of other expenses. (6) The sum of these amounts equates to equity accounted income (loss), net of $7 million as per the unaudited interim condensed consolidated statements of operating results. (7) For the three month period ended June 30, 2021, depreciation and amortization expense by segment is as follows: business services $121 million, infrastructure services $176 million, industrials $256 million, and corporate and other $nil. Six Months Ended June 30, 2021 Total attributable to Unitholders Attributable to non-controlling interests As per IFRS Financials (US$ MILLIONS) Business Infrastructure services Industrials Corporate Total (1) Revenues $ 4,323 $ 916 $ 1,487 $ — $ 6,726 $ 14,338 $ 21,064 Direct operating costs (2) (4,007) (680) (1,170) (7) (5,864) (12,568) (18,432) General and administrative expenses (75) (35) (40) (52) (202) (302) (504) Gain (loss) on acquisitions / dispositions, net (3) — — 158 — 158 740 898 Gain (loss) on acquisitions / dispositions, net recorded in equity (3)(4) — — 414 — 414 — 414 Other income (expense), net (5) (3) — — — (3) (14) (17) Interest income (expense), net (31) (77) (115) (7) (230) (469) (699) Current income tax (expense) recovery (6) (48) (8) (123) 22 (157) (163) (320) Equity accounted Adjusted EFO (7) 4 29 26 — 59 55 114 Adjusted EFO 163 145 637 (44) 901 Depreciation and amortization expense (2)(8) (373) (722) (1,095) Gain (loss) on acquisitions / dispositions, net (3) 474 451 925 Gain (loss) on acquisitions / dispositions, net recorded in equity (3) (414) — (414) Impairment reversal (expense), net (58) (143) (201) Other income (expense), net (5) (5) (36) (41) Deferred income tax (expense) recovery 35 80 115 Current income tax (expense) recovery (6) 9 — 9 Non-cash items attributable to equity accounted investments (7) (54) (24) (78) Net income (loss) $ 515 $ 1,223 $ 1,738 ____________________________________ (1) Adjusted EFO and net income (loss) attributable to Unitholders include Adjusted EFO, and net income (loss) attributable to limited partnership unitholders, general partnership unitholders, redemption-exchange unitholders, special limited partnership unitholders and BBUC exchangeable shares. (2) The sum of these amounts equates to direct operating costs of $19,527 million as per the unaudited interim condensed consolidated statements of operating results. (3) The sum of these amounts equates to the gain (loss) on acquisitions/dispositions, net of $1,823 million as per the unaudited interim condensed consolidated statements of operating results. (4) Gain (loss) on acquisitions/dispositions, net recorded in equity in Adjusted EFO of $414 million represents the partnership’s economic interest in gains on $245 million related to the disposition of the partnership’s investment in its graphite electrode operations and $169 million related to the disposition of an investment in public securities. (5) The sum of these amounts equates to other income (expense), net of $(58) million as per the unaudited interim condensed consolidated statements of operating results. Other income (expense), net in Adjusted EFO of $(3) million includes $2 million of realized net revaluation losses and $1 million of other expenses. Other income (expense), net at the partnership’s economic ownership interest that is excluded from Adjusted EFO of $(5) million includes $46 million of net unrealized revaluation gains, $24 million of business separation expenses, stand-up costs and restructuring charges, $4 million of transaction costs, $3 million of net gain on debt extinguishment/modification, and $20 million of other expenses. (6) The sum of these amounts equates to current income tax (expense) of $(311) million as per the unaudited interim condensed consolidated statements of operating results. (7) The sum of these amounts equates to equity accounted income (loss), net of $36 million as per the unaudited interim condensed consolidated statements of operating results. (8) For the six month period ended June 30, 2021, depreciation and amortization expense by segment is as follows: business services $224 million, infrastructure services $348 million, industrials $523 million, and corporate and other $nil. The following tables present the partnership’s assets by reportable operating segment as at June 30, 2022 and December 31, 2021: As at June 30, 2022 (US$ MILLIONS) Business services Infrastructure services Industrials Corporate Total Total assets $ 26,942 $ 22,972 $ 27,285 $ 96 $ 77,295 As at December 31, 2021 (US$ MILLIONS) Business services Infrastructure services Industrials Corporate Total Total assets $ 20,376 $ 16,380 $ 27,315 $ 148 $ 64,219
Disclosure of segment revenues by timing of revenue recognition for revenue from contracts with customers	The tables below summarize the partnership’s segment revenues by timing of revenue recognition for the total revenues from contracts with customers for the three and six months ended June 30, 2022: Three Months Ended June 30, 2022 (US$ MILLIONS) Business services Infrastructure services Industrials Corporate Total Timing of revenue recognition Goods and services provided at a point in time $ 7,906 $ 493 $ 3,576 $ — $ 11,975 Services transferred over a period of time 933 951 99 — 1,983 Total revenues from contracts with customers $ 8,839 $ 1,444 $ 3,675 $ — $ 13,958 Other non IFRS 15 revenues 306 358 4 — 668 Total revenues $ 9,145 $ 1,802 $ 3,679 $ — $ 14,626 Six Months Ended June 30, 2022 (US$ MILLIONS) Business services Infrastructure services Industrials Corporate Total Timing of revenue recognition Goods and services provided at a point in time $ 14,963 $ 917 $ 7,146 $ — $ 23,026 Services transferred over a period of time 1,844 1,691 195 — 3,730 Total revenues from contracts with customers $ 16,807 $ 2,608 $ 7,341 $ — $ 26,756 Other non IFRS 15 revenues 612 722 8 — 1,342 Total revenues $ 17,419 $ 3,330 $ 7,349 $ — $ 28,098 The tables below summarize the partnership’s segment revenues by timing of revenue recognition for the total revenues from contracts with customers for the three and six months ended June 30, 2021: Three Months Ended June 30, 2021 (US$ MILLIONS) Business services Infrastructure services Industrials Corporate Total Timing of revenue recognition Goods and services provided at a point in time $ 6,303 $ 239 $ 2,494 $ — $ 9,036 Services transferred over a period of time 1,128 638 53 — 1,819 Total revenues from contracts with customers $ 7,431 $ 877 $ 2,547 $ — $ 10,855 Other non IFRS 15 revenues 248 128 4 — 380 Total revenues $ 7,679 $ 1,005 $ 2,551 $ — $ 11,235 Six Months Ended June 30, 2021 (US$ MILLIONS) Business services Infrastructure services Industrials Corporate Total Timing of revenue recognition Goods and services provided at a point in time $ 10,967 $ 661 $ 5,272 $ — $ 16,900 Services transferred over a period of time 2,127 1,196 86 — 3,409 Total revenues from contracts with customers $ 13,094 $ 1,857 $ 5,358 $ — $ 20,309 Other non IFRS 15 revenues 487 259 9 — 755 Total revenues $ 13,581 $ 2,116 $ 5,367 $ — $ 21,064
Disclosure of segment revenues by geographical areas	The tables below summarize the partnership’s segment revenues by geography for the three and six months ended June 30, 2022: Three Months Ended June 30, 2022 (US$ MILLIONS) Business services Infrastructure services Industrials Corporate Total United Kingdom $ 5,833 $ 118 $ 80 $ — $ 6,031 United States of America 89 556 1,539 — 2,184 Europe 656 452 774 — 1,882 Australia 1,111 65 43 — 1,219 Canada 938 51 172 — 1,161 Brazil 32 33 511 — 576 Mexico — — 226 — 226 Other 180 169 330 — 679 Total revenues from contracts with customers $ 8,839 $ 1,444 $ 3,675 $ — $ 13,958 Other revenues 306 358 4 — 668 Total revenues $ 9,145 $ 1,802 $ 3,679 $ — $ 14,626 Six Months Ended June 30, 2022 (US$ MILLIONS) Business services Infrastructure services Industrials Corporate Total United Kingdom $ 10,866 $ 213 $ 156 $ — $ 11,235 United States of America 193 1,001 3,048 — 4,242 Europe 1,481 878 1,610 — 3,969 Australia 2,157 111 76 — 2,344 Canada 1,637 74 348 — 2,059 Brazil 63 60 974 — 1,097 Mexico — — 435 — 435 Other 410 271 694 — 1,375 Total revenues from contracts with customers $ 16,807 $ 2,608 $ 7,341 $ — $ 26,756 Other revenues 612 722 8 — 1,342 Total revenues $ 17,419 $ 3,330 $ 7,349 $ — $ 28,098 The tables below summarize the partnership’s segment revenues by geography for the three and six months ended June 30, 2021: Three Months Ended June 30, 2021 (US$ MILLIONS) Business services Infrastructure services Industrials Corporate Total United Kingdom $ 4,603 $ 89 $ 38 $ — $ 4,730 United States of America 77 307 1,023 — 1,407 Europe 717 318 616 — 1,651 Australia 1,193 — 18 — 1,211 Canada 569 21 120 — 710 Brazil 59 20 213 — 292 Mexico — — 200 — 200 Other 213 122 319 — 654 Total revenues from contracts with customers $ 7,431 $ 877 $ 2,547 $ — $ 10,855 Other revenues 248 128 4 — 380 Total revenues $ 7,679 $ 1,005 $ 2,551 $ — $ 11,235 Six Months Ended June 30, 2021 (US$ MILLIONS) Business services Infrastructure services Industrials Corporate Total United Kingdom $ 8,141 $ 141 $ 86 $ — $ 8,368 United States of America 155 684 2,084 — 2,923 Europe 1,020 632 1,385 — 3,037 Australia 2,236 7 30 — 2,273 Canada 1,088 52 255 — 1,395 Brazil 107 23 406 — 536 Mexico — — 388 — 388 Other 347 318 724 — 1,389 Total revenues from contracts with customers $ 13,094 $ 1,857 $ 5,358 $ — $ 20,309 Other revenues 487 259 9 — 755 Total revenues $ 13,581 $ 2,116 $ 5,367 $ — $ 21,064

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	6 Months Ended
	Jun. 30, 2022
Operating Segments [Abstract]
Disclosure of operating segments	The tables below summarize the partnership’s segment revenues by type of revenue for the three and six months ended June 30, 2022: Three Months Ended June 30, 2022 (US$ MILLIONS) Business services Infrastructure services Industrials Corporate Total Revenues by type Revenues from contracts with customers $ 8,839 $ 1,444 $ 3,675 $ — $ 13,958 Other revenues 306 358 4 — 668 Total revenues $ 9,145 $ 1,802 $ 3,679 $ — $ 14,626 Six Months Ended June 30, 2022 (US$ MILLIONS) Business services Infrastructure services Industrials Corporate Total Revenues by type Revenues from contracts with customers $ 16,807 $ 2,608 $ 7,341 $ — $ 26,756 Other revenues 612 722 8 — 1,342 Total revenues $ 17,419 $ 3,330 $ 7,349 $ — $ 28,098 The tables below summarize the partnership’s segment revenues by type of revenue for the three and six months ended June 30, 2021: Three Months Ended June 30, 2021 (US$ MILLIONS) Business services Infrastructure services Industrials Corporate Total Revenues by type Revenues from contracts with customers $ 7,431 $ 877 $ 2,547 $ — $ 10,855 Other revenues 248 128 4 — 380 Total revenues $ 7,679 $ 1,005 $ 2,551 $ — $ 11,235 Six Months Ended June 30, 2021 (US$ MILLIONS) Business services Infrastructure services Industrials Corporate Total Revenues by type Revenues from contracts with customers $ 13,094 $ 1,857 $ 5,358 $ — $ 20,309 Other revenues 487 259 9 — 755 Total revenues $ 13,581 $ 2,116 $ 5,367 $ — $ 21,064 Three Months Ended June 30, 2022 Total attributable to Unitholders Attributable to non-controlling interests As per IFRS Financials (US$ MILLIONS) Business Infrastructure services Industrials Corporate Total (1) Revenues $ 2,476 $ 706 $ 1,120 $ — $ 4,302 $ 10,324 $ 14,626 Direct operating costs (2) (2,292) (507) (906) (6) (3,711) (9,177) (12,888) General and administrative expenses (33) (33) (33) (26) (125) (185) (310) Gain (loss) on acquisitions / dispositions, net recorded in equity (3)(4) 19 — — — 19 — 19 Other income (expense), net (5) — 9 — — 9 14 23 Interest income (expense), net (18) (70) (81) (18) (187) (369) (556) Current income tax (expense) recovery (14) (6) (17) 16 (21) (54) (75) Equity accounted Adjusted EFO (6) 13 25 18 — 56 28 84 Adjusted EFO 151 124 101 (34) 342 Depreciation and amortization expense (2)(7) (267) (519) (786) Impairment reversal (expense), net 41 37 78 Gain (loss) on acquisitions / dispositions, net recorded in equity (3) (19) — (19) Other income (expense), net (5) (87) (154) (241) Deferred income tax (expense) recovery 163 219 382 Non-cash items attributable to equity accounted investments (6) (30) (13) (43) Net income (loss) $ 143 $ 151 $ 294 ____________________________________ (1) Adjusted EFO and net income (loss) attributable to Unitholders include Adjusted EFO and net income (loss) attributable to limited partnership unitholders, general partnership unitholders, redemption-exchange unitholders, special limited partnership unitholders and BBUC exchangeable shares. (2) The sum of these amounts equates to direct operating costs of $13,674 million as per the unaudited interim condensed consolidated statements of operating results. (3) The sum of these amounts equates to the gain (loss) on acquisitions/dispositions, net of $nil as per the unaudited interim condensed consolidated statements of operating results. (4) Gain (loss) on acquisitions/dispositions, net recorded in equity in Adjusted EFO of $19 million represents the partnership’s economic ownership interest in gains (losses) on disposition related to the sale of a financial asset measured at FVOCI. (5) The sum of these amounts equates to other income (expense), net of $(218) million as per the unaudited interim condensed consolidated statements of operating results. Other income (expense), net in Adjusted EFO of $9 million includes $9 million of net gains on the sale of property plant and equipment. Other income (expense), net at the partnership’s economic ownership interest that is excluded from Adjusted EFO of $(87) million includes $45 million of net unrealized revaluation losses, $14 million of business separation expenses, stand-up costs and restructuring charges, $19 million of transaction costs and $9 million of other expenses. (6) The sum of these amounts equates to equity accounted income (loss), net of $41 million as per the unaudited interim condensed consolidated statements of operating results. (7) For the three month period ended June 30, 2022, depreciation and amortization expense by segment is as follows: business services $118 million, infrastructure services $340 million, industrials $328 million, and corporate and other $nil. Six Months Ended June 30, 2022 Total attributable to Unitholders Attributable to non-controlling interests As per IFRS Financials (US$ MILLIONS) Business Infrastructure services Industrials Corporate Total (1) Revenues $ 4,768 $ 1,318 $ 2,227 $ — $ 8,313 $ 19,785 $ 28,098 Direct operating costs (2) (4,447) (908) (1,787) (12) (7,154) (17,627) (24,781) General and administrative expenses (65) (62) (65) (53) (245) (365) (610) Gain (loss) on acquisitions / dispositions, net in equity (3)(4) 19 — — — 19 — 19 Other income (expense), net (5) 1 (1) — — — (1) (1) Interest income (expense), net (43) (117) (149) (29) (338) (678) (1,016) Current income tax (expense) recovery (22) (10) (39) 29 (42) (112) (154) Equity accounted Adjusted EFO (6) 20 43 36 — 99 55 154 Adjusted EFO 231 263 223 (65) 652 Depreciation and amortization expense (2)(7) (502) (986) (1,488) Impairment reversal (expense), net 41 37 78 Gain (loss) on acquisitions / dispositions, net in equity (3) (19) — (19) Other income (expense), net (5) (115) (201) (316) Deferred income tax (expense) recovery 161 251 412 Non-cash items attributable to equity accounted investments (6) (47) (16) (63) Net income (loss) $ 171 $ 142 $ 313 ____________________________________ (1) Adjusted EFO and net income (loss) attributable to Unitholders include Adjusted EFO, and net income (loss) attributable to limited partnership unitholders, general partnership unitholders, redemption-exchange unitholders, special limited partnership unitholders and BBUC exchangeable shares. (2) The sum of these amounts equates to direct operating costs of $26,269 million as per the unaudited interim condensed consolidated statements of operating results. (3) The sum of these amounts equates to the gain (loss) on acquisitions/dispositions, net of $nil as per the unaudited interim condensed consolidated statements of operating results. (4) Gain (loss) on acquisitions/dispositions, net recorded in equity in Adjusted EFO of $19 million represents the partnership’s economic ownership interest in gains (losses) on disposition related to the sale of a financial asset measured at FVOCI. (5) The sum of these amounts equates to other income (expense), net of $(317) million as per the unaudited interim condensed consolidated statements of operating results. Other income (expense), net in Adjusted EFO of $nil includes $6 million of net realized revaluation losses, $10 million of net gains on the sale of property plant and equipment and $4 million of other expenses. Other income (expense), net at the partnership’s economic ownership interest that is excluded from Adjusted EFO of $(115) million includes $47 million of net unrealized revaluation losses, $26 million of business separation expenses, stand-up costs and restructuring charges, $28 million of transaction costs and $14 million of other expenses. (6) The sum of these amounts equates to equity accounted income (loss), net of $91 million as per the unaudited interim condensed consolidated statements of operating results. (7) For the six month period ended June 30, 2022, depreciation and amortization expense by segment is as follows: business services $232 million, infrastructure services $591 million, industrials $665 million, and corporate and other $nil. Three Months Ended June 30, 2021 Total attributable to Unitholders Attributable to non-controlling interests As per IFRS Financials (US$ MILLIONS) Business Infrastructure services Industrials Corporate Total (1) Revenues $ 2,401 $ 436 $ 716 $ — $ 3,553 $ 7,682 $ 11,235 Direct operating costs (2) (2,220) (325) (574) (4) (3,123) (6,873) (9,996) General and administrative expenses (41) (18) (17) (30) (106) (147) (253) Gain (loss) on acquisitions / dispositions, net (3) — — 7 — 7 8 15 Gain (loss) on acquisitions / dispositions, net recorded in equity (3)(4) — — 163 — 163 — 163 Other income (expense), net (5) (1) 1 — — — (4) (4) Interest income (expense), net (19) (38) (57) (3) (117) (234) (351) Current income tax (expense) recovery (30) (1) (32) 12 (51) (67) (118) Equity accounted Adjusted EFO (6) 3 17 10 — 30 17 47 Adjusted EFO 93 72 216 (25) 356 Depreciation and amortization expense (2)(7) (191) (362) (553) Gain (loss) on acquisitions / dispositions, net (3) — 1 1 Gain (loss) on acquisitions / dispositions, net recorded in equity (3) (163) — (163) Other income (expense), net (5) (30) (63) (93) Deferred income tax (expense) recovery 41 40 81 Non-cash items attributable to equity accounted investments (6) (28) (12) (40) Net income (loss) $ (15) $ (14) $ (29) ____________________________________ (1) Adjusted EFO and net income (loss) attributable to Unitholders include Adjusted EFO and net income (loss) attributable to limited partnership unitholders, general partnership unitholders, redemption-exchange unitholders, special limited partnership unitholders and BBUC exchangeable shares. (2) The sum of these amounts equates to direct operating costs of $10,549 million as per the unaudited interim condensed consolidated statements of operating results. (3) The sum of these amounts equates to the gain (loss) on acquisitions/dispositions, net of $16 million as per the unaudited interim condensed consolidated statements of operating results. (4) Gain (loss) on acquisitions/dispositions, net recorded in equity in Adjusted EFO of $163 million represents the partnership’s economic ownership interest in gains (losses) on dispositions of $163 million related to the disposition of the partnership’s investment in its graphite electrode operations. (5) The sum of these amounts equates to other income (expense), net of $(97) million as per the unaudited interim condensed consolidated statements of operating results. Other income (expense), net in Adjusted EFO of $nil includes $1 million of realized net revaluation losses and $1 million of other income. Other income (expense), net at the partnership’s economic ownership interest that is excluded from Adjusted EFO of $(30) million includes $8 million of net unrealized revaluation gains, $17 million of business separation expenses, stand-up costs and restructuring charges, $3 million of net losses on debt extinguishment/modification, and $18 million of other expenses. (6) The sum of these amounts equates to equity accounted income (loss), net of $7 million as per the unaudited interim condensed consolidated statements of operating results. (7) For the three month period ended June 30, 2021, depreciation and amortization expense by segment is as follows: business services $121 million, infrastructure services $176 million, industrials $256 million, and corporate and other $nil. Six Months Ended June 30, 2021 Total attributable to Unitholders Attributable to non-controlling interests As per IFRS Financials (US$ MILLIONS) Business Infrastructure services Industrials Corporate Total (1) Revenues $ 4,323 $ 916 $ 1,487 $ — $ 6,726 $ 14,338 $ 21,064 Direct operating costs (2) (4,007) (680) (1,170) (7) (5,864) (12,568) (18,432) General and administrative expenses (75) (35) (40) (52) (202) (302) (504) Gain (loss) on acquisitions / dispositions, net (3) — — 158 — 158 740 898 Gain (loss) on acquisitions / dispositions, net recorded in equity (3)(4) — — 414 — 414 — 414 Other income (expense), net (5) (3) — — — (3) (14) (17) Interest income (expense), net (31) (77) (115) (7) (230) (469) (699) Current income tax (expense) recovery (6) (48) (8) (123) 22 (157) (163) (320) Equity accounted Adjusted EFO (7) 4 29 26 — 59 55 114 Adjusted EFO 163 145 637 (44) 901 Depreciation and amortization expense (2)(8) (373) (722) (1,095) Gain (loss) on acquisitions / dispositions, net (3) 474 451 925 Gain (loss) on acquisitions / dispositions, net recorded in equity (3) (414) — (414) Impairment reversal (expense), net (58) (143) (201) Other income (expense), net (5) (5) (36) (41) Deferred income tax (expense) recovery 35 80 115 Current income tax (expense) recovery (6) 9 — 9 Non-cash items attributable to equity accounted investments (7) (54) (24) (78) Net income (loss) $ 515 $ 1,223 $ 1,738 ____________________________________ (1) Adjusted EFO and net income (loss) attributable to Unitholders include Adjusted EFO, and net income (loss) attributable to limited partnership unitholders, general partnership unitholders, redemption-exchange unitholders, special limited partnership unitholders and BBUC exchangeable shares. (2) The sum of these amounts equates to direct operating costs of $19,527 million as per the unaudited interim condensed consolidated statements of operating results. (3) The sum of these amounts equates to the gain (loss) on acquisitions/dispositions, net of $1,823 million as per the unaudited interim condensed consolidated statements of operating results. (4) Gain (loss) on acquisitions/dispositions, net recorded in equity in Adjusted EFO of $414 million represents the partnership’s economic interest in gains on $245 million related to the disposition of the partnership’s investment in its graphite electrode operations and $169 million related to the disposition of an investment in public securities. (5) The sum of these amounts equates to other income (expense), net of $(58) million as per the unaudited interim condensed consolidated statements of operating results. Other income (expense), net in Adjusted EFO of $(3) million includes $2 million of realized net revaluation losses and $1 million of other expenses. Other income (expense), net at the partnership’s economic ownership interest that is excluded from Adjusted EFO of $(5) million includes $46 million of net unrealized revaluation gains, $24 million of business separation expenses, stand-up costs and restructuring charges, $4 million of transaction costs, $3 million of net gain on debt extinguishment/modification, and $20 million of other expenses. (6) The sum of these amounts equates to current income tax (expense) of $(311) million as per the unaudited interim condensed consolidated statements of operating results. (7) The sum of these amounts equates to equity accounted income (loss), net of $36 million as per the unaudited interim condensed consolidated statements of operating results. (8) For the six month period ended June 30, 2021, depreciation and amortization expense by segment is as follows: business services $224 million, infrastructure services $348 million, industrials $523 million, and corporate and other $nil. The following tables present the partnership’s assets by reportable operating segment as at June 30, 2022 and December 31, 2021: As at June 30, 2022 (US$ MILLIONS) Business services Infrastructure services Industrials Corporate Total Total assets $ 26,942 $ 22,972 $ 27,285 $ 96 $ 77,295 As at December 31, 2021 (US$ MILLIONS) Business services Infrastructure services Industrials Corporate Total Total assets $ 20,376 $ 16,380 $ 27,315 $ 148 $ 64,219

SUPPLEMENTAL CASH FLOW INFORM_2

SUPPLEMENTAL CASH FLOW INFORMATION (Tables)	6 Months Ended
	Jun. 30, 2022
Cash Flow Statement [Abstract]
Disclosure of interest and income taxes paid	Six Months Ended (US$ MILLIONS) 2022 2021 Interest paid $ 647 $ 608 Income taxes paid 134 228
Disclosure of changes in non-cash working capital	Details of “ Changes in non-cash working capital, net ” in the unaudited interim condensed consolidated statements of cash flow are as follows: Six Months Ended (US$ MILLIONS) 2022 2021 Accounts receivable $ (757) $ (401) Inventory (884) (339) Prepayments and other (225) (125) Accounts payable and other 453 580 Changes in non-cash working capital, net $ (1,413) $ (285)

INSURANCE CONTRACTS (Tables)

INSURANCE CONTRACTS (Tables)	6 Months Ended
	Jun. 30, 2022
Insurance Contracts [Abstract]
Schedule of liabilities under insurance contracts	(US$ MILLIONS) June 30, 2022 December 31, 2021 Unearned premiums reserve, beginning of the period $ 2,228 $ 1,889 Premiums written during the period 327 967 Premiums earned during the period (337) (639) Foreign currency translation (39) 11 Unearned premiums reserve, end of the period $ 2,179 $ 2,228 (US$ MILLIONS) June 30, 2022 December 31, 2021 Case reserves $ 40 $ 54 Incurred but not reported reserves 10 13 Discounting (1) (1) Provision for adverse deviation 2 5 Total loss reserves $ 51 $ 71 The following table presents movement in loss reserves and the impact on losses on claims: (US$ MILLIONS) June 30, 2022 December 31, 2021 Loss reserves, beginning of the period $ 71 $ 144 Claims paid during the period (16) (48) Changes in loss reserves related to the current period (2) 44 Favorable development on losses on claims related to prior years — (71) Foreign currency translation (2) 2 Loss reserves, end of the period $ 51 $ 71

NATURE AND DESCRIPTION OF THE_2

NATURE AND DESCRIPTION OF THE PARTNERSHIP - Narrative (Details) - shares	Mar. 16, 2022	Jun. 30, 2022	Mar. 15, 2022	Mar. 14, 2022	Dec. 31, 2021
Disclosure of attribution of expenses by nature to their function [line items]
Exchangeable shares received for every two LP Units held (in shares)			1
Exchange ratio, exchangeable shares			2
BBCU exchangeable shares
Disclosure of attribution of expenses by nature to their function [line items]
Number of shares issued (in shares)		72,957,260		35,000,000	0
Proportion of ownership interest in subsidiary	35.30%
Proportion of ownership interest in joint venture	64.70%
Proportion of ownership interest in subsidiary	75%
BBCU exchangeable shares | Holding LP
Disclosure of attribution of expenses by nature to their function [line items]
Number of shares issued (in shares)				38,000,000

SIGNIFICANT ACCOUNTING POLICI_3

SIGNIFICANT ACCOUNTING POLICIES - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Disclosure of attribution of expenses by nature to their function [line items]
Depreciation and amortization expense	$ 786	$ 553	$ 1,488	$ 1,095
Direct costs	$ 13,674	10,549	$ 26,269	19,527
Reclassification of depreciation and amortization expense to direct costs
Disclosure of attribution of expenses by nature to their function [line items]
Depreciation and amortization expense		(553)		(1,095)
Direct costs		$ (553)		$ (1,095)

ACQUISITION OF BUSINESSES - Sch

ACQUISITION OF BUSINESSES - Schedule of Acquisitions Completed in 2021 (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Disclosure of detailed information about business combination [line items]
Financial assets	$ 10,512	$ 6,536
Various acquisitions
Disclosure of detailed information about business combination [line items]
Cash	7,487	9,065
Non-cash consideration	86	19
Contingent consideration related to future performance		421
Total consideration	7,573	9,505
Cash and cash equivalents	240	276
Accounts receivable and other, net	499	768
Inventory, net	171	588
Property, plant and equipment	371	2,490
Intangible assets	5,023	4,533
Goodwill	1,834	3,851
Deferred income tax assets	13
Financial assets	4,530
Equity accounted investments and other assets	359	42
Accounts payable and other	(490)	(1,704)
Non-recourse borrowings in subsidiaries of the partnership	(4,471)	(132)
Deferred income tax liabilities	(506)	(1,197)
Net assets acquired before non-controlling interests	7,573	9,515
Non-controlling interests acquired	0	(10)
Net assets acquired	7,573	9,505
Various acquisitions | Business services
Disclosure of detailed information about business combination [line items]
Cash	994	219
Non-cash consideration	57	0
Contingent consideration related to future performance		63
Total consideration	1,051	282
Cash and cash equivalents	158	11
Accounts receivable and other, net	38	52
Inventory, net	0	0
Property, plant and equipment	4	56
Intangible assets	646	84
Goodwill	375	290
Deferred income tax assets	9
Financial assets	4,525
Equity accounted investments and other assets	0	9
Accounts payable and other	(39)	(96)
Non-recourse borrowings in subsidiaries of the partnership	(4,471)	(103)
Deferred income tax liabilities	(194)	(21)
Net assets acquired before non-controlling interests	1,051	282
Non-controlling interests acquired	0	0
Net assets acquired	1,051	282
Equity from the partnership	250	80
Various acquisitions | Infrastructure services
Disclosure of detailed information about business combination [line items]
Cash	6,493	4,806
Non-cash consideration	29	19
Contingent consideration related to future performance		0
Total consideration	6,522	4,825
Cash and cash equivalents	82	100
Accounts receivable and other, net	461	412
Inventory, net	171	104
Property, plant and equipment	367	1,967
Intangible assets	4,377	1,940
Goodwill	1,459	1,740
Deferred income tax assets	4
Financial assets	5
Equity accounted investments and other assets	359	5
Accounts payable and other	(451)	(839)
Non-recourse borrowings in subsidiaries of the partnership	0	(27)
Deferred income tax liabilities	(312)	(577)
Net assets acquired before non-controlling interests	6,522	4,825
Non-controlling interests acquired	0	0
Net assets acquired	6,522	4,825
Equity from the partnership	$ 979	581
Various acquisitions | Industrials
Disclosure of detailed information about business combination [line items]
Cash		4,040
Non-cash consideration		0
Contingent consideration related to future performance		358
Total consideration		4,398
Cash and cash equivalents		165
Accounts receivable and other, net		304
Inventory, net		484
Property, plant and equipment		467
Intangible assets		2,509
Goodwill		1,821
Equity accounted investments and other assets		28
Accounts payable and other		(769)
Non-recourse borrowings in subsidiaries of the partnership		(2)
Deferred income tax liabilities		(599)
Net assets acquired before non-controlling interests		4,408
Non-controlling interests acquired		(10)
Net assets acquired		4,398
Equity from the partnership		$ 500

ACQUISITION OF BUSINESSES - La

ACQUISITION OF BUSINESSES - La Trobe Financial Services (Details) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
	May 31, 2022	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Disclosure of detailed information about business combination [line items]
Revenues		$ 14,626	$ 11,235	$ 28,098	$ 21,064
Net income (loss)		294	(29)	313	1,738
Business services
Disclosure of detailed information about business combination [line items]
Revenues		9,145	7,679	17,419	13,581
Industrials
Disclosure of detailed information about business combination [line items]
Revenues		$ 3,679	$ 2,551	7,349	$ 5,367
La Trobe Financial Services | Business services
Disclosure of detailed information about business combination [line items]
Percentage of voting equity interests acquired	30%
Cash	$ 250
Proportion of voting rights held in subsidiary	100%
Goodwill recognised as of acquisition date	$ 375
Acquisition-related costs	$ 8
La Trobe Financial Services | Business services | Brookfield Business Partners L.P. and Institutional Investors
Disclosure of detailed information about business combination [line items]
Percentage of voting equity interests acquired	100%
Consideration transferred	$ 1,100
Equity from the partnership	17
Contingent consideration related to future performance	40
La Trobe Financial Services | Industrials
Disclosure of detailed information about business combination [line items]
Identifiable intangible assets recognised as of acquisition date	646
Loans receivable	4,500
Borrowings recognised as of acquisition date	4,500
Deferred tax liabilities recognised as of acquisition date	$ 194
Revenues				33
Net income (loss)				1
La Trobe Financial Services | Industrials | Pro forma
Disclosure of detailed information about business combination [line items]
Revenues				165
Net income (loss)				$ 20

ACQUISITION OF BUSINESSES - Sci

ACQUISITION OF BUSINESSES - Scientific Games, LLC (Details) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
	Apr. 04, 2022	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Disclosure of detailed information about business combination [line items]
Revenues		$ 14,626	$ 11,235	$ 28,098	$ 21,064
Net loss		(294)	29	(313)	(1,738)
Business services
Disclosure of detailed information about business combination [line items]
Revenues		9,145	7,679	17,419	13,581
Industrials
Disclosure of detailed information about business combination [line items]
Revenues		$ 3,679	$ 2,551	7,349	$ 5,367
Scientific Games LLC | Business services
Disclosure of detailed information about business combination [line items]
Percentage of voting equity interests acquired	36%
Proportion of voting rights held in subsidiary	100%
Goodwill recognised as of acquisition date	$ 1,100
Acquisition-related costs	$ 16
Scientific Games LLC | Business services | Brookfield Business Partners L.P. and Institutional Investors
Disclosure of detailed information about business combination [line items]
Percentage of voting equity interests acquired	100%
Consideration transferred	$ 5,800
Scientific Games LLC | Industrials
Disclosure of detailed information about business combination [line items]
Identifiable intangible assets recognised as of acquisition date	4,100
Cash and cash equivalents	61
Inventory, net	169
Net other assets recognised as of acquisition date	593
Deferred tax liabilities recognised as of acquisition date	234
Revenues				260
Net loss				29
Scientific Games LLC | Industrials | Pro forma
Disclosure of detailed information about business combination [line items]
Revenues				518
Net loss				$ 27
Scientific Games LLC | Industrials | Brookfield Business Partners L.P. and Institutional Investors
Disclosure of detailed information about business combination [line items]
Equity from the partnership	2,500
Debt raised incurred	3,300
Contingent consideration related to future performance	29
Non-controlling interest in acquiree recognised at acquisition date	$ 1,600

ACQUISITION OF BUSINESSES - BHI

ACQUISITION OF BUSINESSES - BHI Energy (Details) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
	May 27, 2022	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Disclosure of detailed information about business combination [line items]
Revenues		$ 14,626	$ 11,235	$ 28,098	$ 21,064
Net income (loss)		294	(29)	313	1,738
Business services
Disclosure of detailed information about business combination [line items]
Revenues		9,145	7,679	17,419	13,581
Industrials
Disclosure of detailed information about business combination [line items]
Revenues		$ 3,679	$ 2,551	7,349	$ 5,367
BHI Energy | Business services
Disclosure of detailed information about business combination [line items]
Proportion of voting rights held in subsidiary	100%
Identifiable intangible assets recognised as of acquisition date	$ 325
Goodwill recognised as of acquisition date	320
Acquisition-related costs	$ 4
BHI Energy | Business services | Brookfield Business Partners L.P. and Institutional Investors
Disclosure of detailed information about business combination [line items]
Percentage of voting equity interests acquired	100%
Consideration transferred	$ 741
BHI Energy | Industrials
Disclosure of detailed information about business combination [line items]
Cash and cash equivalents	21
Net other assets recognised as of acquisition date	153
Deferred tax liabilities recognised as of acquisition date	78
Revenues				75
Net income (loss)				1
BHI Energy | Industrials | Pro forma
Disclosure of detailed information about business combination [line items]
Revenues				570
Net income (loss)				$ 2
BHI Energy | Industrials | Brookfield Business Partners L.P. and Institutional Investors
Disclosure of detailed information about business combination [line items]
Non-controlling interest in acquiree recognised at acquisition date	$ 122

ACQUISITION OF BUSINESSES - Eve

ACQUISITION OF BUSINESSES - Everise Holdings Pte Ltd. (“Everise”) (Details) - Business services - USD ($) $ in Millions	Apr. 04, 2022	Jan. 08, 2021
Everise Holdings Pte Ltd.
Disclosure of detailed information about business combination [line items]
Percentage of voting equity interests acquired		36%
Cash		$ 80
Proportion of voting rights held in subsidiary		100%
Identifiable intangible assets recognised as of acquisition date		$ 84
Net other assets recognised as of acquisition date		11
Borrowings recognised as of acquisition date		103
Goodwill recognised as of acquisition date		290
Goodwill expected to be deductible for tax purposes		0
Acquisition-related costs		$ 7
Everise Holdings Pte Ltd. | Brookfield Business Partners L.P. and Institutional Investors
Disclosure of detailed information about business combination [line items]
Percentage of voting equity interests acquired		100%
Consideration transferred		$ 282
Equity from the partnership		219
Contingent consideration related to future performance		63
Non-controlling interest in acquiree recognised at acquisition date		$ 139
Scientific Games LLC
Disclosure of detailed information about business combination [line items]
Percentage of voting equity interests acquired	36%
Proportion of voting rights held in subsidiary	100%
Goodwill recognised as of acquisition date	$ 1,100
Acquisition-related costs	$ 16
Scientific Games LLC | Brookfield Business Partners L.P. and Institutional Investors
Disclosure of detailed information about business combination [line items]
Percentage of voting equity interests acquired	100%
Consideration transferred	$ 5,800

ACQUISITION OF BUSINESSES - Ald

ACQUISITION OF BUSINESSES - Aldo Componentes Eletrônicos LTDA (“Aldo”) (Details) - Industrials - USD ($) $ in Millions	Oct. 04, 2021	Aug. 31, 2021	Jun. 30, 2022
DexKo Global Inc.
Disclosure of detailed information about business combination [line items]
Percentage of voting equity interests acquired	35%		34%
Equity from the partnership	$ 396
Proportion of voting rights held in subsidiary	100%
Goodwill recognised as of acquisition date	$ 1,400
Identifiable intangible assets recognised as of acquisition date	2,200
Acquisition-related costs	$ 9
DexKo Global Inc. | Brookfield Business Partners L.P. and Institutional Investors
Disclosure of detailed information about business combination [line items]
Percentage of voting equity interests acquired	100%
Consideration transferred	$ 3,800
Equity from the partnership	1,100
Debt raised incurred	2,600
Contingent consideration related to future performance	30
Non-controlling interest in acquiree recognised at acquisition date	$ 761
Aldo Componentes Eletrônicos LTDA
Disclosure of detailed information about business combination [line items]
Percentage of voting equity interests acquired		35%
Proportion of voting rights held in subsidiary		100%
Goodwill recognised as of acquisition date		$ 419
Identifiable intangible assets recognised as of acquisition date		297
Cash		104
Cash and cash equivalents		59
Inventory, net		48
Deferred tax liabilities recognised as of acquisition date		100
Net other liabilities recognised as of acquisition date		$ 100
Aldo Componentes Eletrônicos LTDA | Brookfield Business Partners L.P. and Institutional Investors
Disclosure of detailed information about business combination [line items]
Percentage of voting equity interests acquired		100%
Consideration transferred		$ 623
Equity from the partnership		295
Contingent consideration related to future performance		328
Non-controlling interest in acquiree recognised at acquisition date		191
Aldo Componentes Eletrônicos LTDA | Brookfield Business Partners L.P. and Institutional Investors | Bottom of range
Disclosure of detailed information about business combination [line items]
Contingent consideration related to future performance		0
Aldo Componentes Eletrônicos LTDA | Brookfield Business Partners L.P. and Institutional Investors | Top of range
Disclosure of detailed information about business combination [line items]
Contingent consideration related to future performance		$ 340

ACQUISITION OF BUSINESSES - Dex

ACQUISITION OF BUSINESSES - DexKo Global Inc. (“DexKo”) (Details) - DexKo Global Inc. - Industrials - USD ($) $ in Millions	Oct. 04, 2021	Jun. 30, 2022
Disclosure of detailed information about business combination [line items]
Percentage of voting equity interests acquired	35%	34%
Equity from the partnership	$ 396
Proportion of voting rights held in subsidiary	100%
Goodwill recognised as of acquisition date	$ 1,400
Identifiable intangible assets recognised as of acquisition date	2,200
Acquisition-related costs	$ 9
Brookfield Business Partners L.P. and Institutional Investors
Disclosure of detailed information about business combination [line items]
Percentage of voting equity interests acquired	100%
Consideration transferred	$ 3,800
Equity from the partnership	1,100
Debt raised incurred	2,600
Contingent consideration related to future performance	30
Non-controlling interest in acquiree recognised at acquisition date	$ 761

ACQUISITION OF BUSINESSES - Mod

ACQUISITION OF BUSINESSES - Modulaire Investments 2 SARL (“Modulaire”) (Details) - Modulaire Investments 2 S.à r.l. - Infrastructure services - USD ($) $ in Millions	Dec. 15, 2021	Jun. 30, 2022
Disclosure of detailed information about business combination [line items]
Percentage of voting equity interests acquired	36%	28%
Consideration transferred	$ 581
Proportion of voting rights held in subsidiary	100%
Goodwill recognised as of acquisition date	$ 1,700
Identifiable intangible assets recognised as of acquisition date	1,900
Acquisition-related costs	$ 23
Brookfield Business Partners L.P. and Institutional Investors
Disclosure of detailed information about business combination [line items]
Percentage of voting equity interests acquired	100%
Consideration transferred	$ 4,800
Equity from the partnership	1,600
Debt raised incurred	3,200
Non-cash consideration	19
Non-controlling interest in acquiree recognised at acquisition date	$ 1,000

FAIR VALUE OF FINANCIAL INSTR_3

FAIR VALUE OF FINANCIAL INSTRUMENTS - Financial Instruments Classification (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Disclosure of financial assets [line items]
Financial assets	$ 22,667	$ 17,254
Financial assets pledged		5,200
Disclosure of financial liabilities [line items]
Financial liabilities	52,553	40,783
FVTPL
Disclosure of financial liabilities [line items]
Financial liabilities	567	640
FVOCI
Disclosure of financial liabilities [line items]
Financial liabilities	283	220
Amortized cost
Disclosure of financial liabilities [line items]
Financial liabilities	51,703	39,923
FVTPL
Disclosure of financial assets [line items]
Financial assets	615	518
FVOCI
Disclosure of financial assets [line items]
Financial assets	5,504	6,243
Amortized cost
Disclosure of financial assets [line items]
Financial assets	16,548	10,493
Accounts payable and other (current and non-current)
Disclosure of financial liabilities [line items]
Financial liabilities	12,060	11,707
Accounts payable and other (current and non-current) | FVTPL
Disclosure of financial liabilities [line items]
Financial liabilities	567	640
Accounts payable and other (current and non-current) | FVOCI
Disclosure of financial liabilities [line items]
Financial liabilities	283	220
Accounts payable and other (current and non-current) | Amortized cost
Disclosure of financial liabilities [line items]
Financial liabilities	11,210	10,847
Borrowings (current and non-current)
Disclosure of financial liabilities [line items]
Financial liabilities	40,493	29,076
Borrowings (current and non-current) | FVTPL
Disclosure of financial liabilities [line items]
Financial liabilities	0	0
Borrowings (current and non-current) | FVOCI
Disclosure of financial liabilities [line items]
Financial liabilities	0	0
Borrowings (current and non-current) | Amortized cost
Disclosure of financial liabilities [line items]
Financial liabilities	40,493	29,076
Provisions, decommissioning liabilities, deferred revenues, unearned premium reserve, work in progress, post-employment benefits, liabilities held for sale and tax/duties
Disclosure of financial liabilities [line items]
Financial liabilities	7,951	7,929
Cash and cash equivalents
Disclosure of financial assets [line items]
Financial assets	2,399	2,588
Cash and cash equivalents | FVTPL
Disclosure of financial assets [line items]
Financial assets	0	0
Cash and cash equivalents | FVOCI
Disclosure of financial assets [line items]
Financial assets	0	0
Cash and cash equivalents | Amortized cost
Disclosure of financial assets [line items]
Financial assets	2,399	2,588
Accounts and other receivable, net (current and non-current)
Disclosure of financial assets [line items]
Financial assets	6,649	5,638
Accounts and other receivable, net (current and non-current) | FVTPL
Disclosure of financial assets [line items]
Financial assets	0	0
Accounts and other receivable, net (current and non-current) | FVOCI
Disclosure of financial assets [line items]
Financial assets	0	0
Accounts and other receivable, net (current and non-current) | Amortized cost
Disclosure of financial assets [line items]
Financial assets	6,649	5,638
Other assets (current and non-current)
Disclosure of financial assets [line items]
Financial assets	436	478
Other assets (current and non-current) | FVTPL
Disclosure of financial assets [line items]
Financial assets	0	0
Other assets (current and non-current) | FVOCI
Disclosure of financial assets [line items]
Financial assets	0	0
Other assets (current and non-current) | Amortized cost
Disclosure of financial assets [line items]
Financial assets	436	478
Financial assets (current and non-current)
Disclosure of financial assets [line items]
Financial assets	13,183	8,550
Financial assets (current and non-current) | FVTPL
Disclosure of financial assets [line items]
Financial assets	615	518
Financial assets (current and non-current) | FVOCI
Disclosure of financial assets [line items]
Financial assets	5,504	6,243
Financial assets (current and non-current) | Amortized cost
Disclosure of financial assets [line items]
Financial assets	7,064	1,789
Prepayments, subrogation recoverable, deferred policy acquisition costs and assets held for sale
Disclosure of financial assets [line items]
Financial assets	$ 1,704
Prepayments, subrogation recoverable and other assets
Disclosure of financial assets [line items]
Financial assets		$ 1,369

FAIR VALUE OF FINANCIAL INSTR_4

FAIR VALUE OF FINANCIAL INSTRUMENTS - Additional Information (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021	Dec. 31, 2020
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]
Cash	$ 1,922,000,000		$ 1,922,000,000		$ 2,180,000,000
Cash equivalents	477,000,000		477,000,000		408,000,000
Financial assets	22,667,000,000		22,667,000,000		17,254,000,000
Financial liabilities	52,553,000,000		52,553,000,000		40,783,000,000
Derivative financial assets	611,000,000		611,000,000		302,000,000
Derivative financial liabilities	565,000,000		565,000,000		381,000,000
Gross financial assets subject to offsetting	0		0		0
Gross financial liabilities set off against financial assets subject to offsetting	24,000,000		24,000,000		16,000,000
Hedges of net investment in foreign operations
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]
Derivative financial assets	174,000,000		174,000,000		87,000,000
Derivative financial liabilities	75,000,000		75,000,000		58,000,000
Cash flow hedges
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]
Derivative financial assets	206,000,000		206,000,000		89,000,000
Derivative financial liabilities	208,000,000		208,000,000		162,000,000
Level 3 | Recurring fair value measurement
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]
Financial liabilities	302,000,000		302,000,000		498,000,000	$ 11,000,000
Financial assets	282,000,000		282,000,000		297,000,000	$ 341,000,000
FVOCI
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]
Financial assets	5,504,000,000		5,504,000,000		6,243,000,000
FVOCI | Hedges of net investment in foreign operations
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]
Gains (losses) on hedging instrument, fair value hedges	332,000,000	$ (110,000,000)	233,000,000	$ 57,000,000
FVOCI | Cash flow hedges
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]
Gains (losses) on hedging instrument, fair value hedges	14,000,000	$ (35,000,000)	135,000,000	$ 32,000,000
Equity investments | FVOCI
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]
Financial assets	1,070,000,000		1,070,000,000		1,369,000,000
Other financial assets, debt instruments at FVTPL | FVOCI
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]
Financial assets	$ 4,054,000,000		$ 4,054,000,000		$ 4,697,000,000

FAIR VALUE OF FINANCIAL INSTR_5

FAIR VALUE OF FINANCIAL INSTRUMENTS - Fair Value Hierarchy Levels (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]
Financial liabilities	$ 52,553	$ 40,783
Recurring fair value measurement | Level 1
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]
Financial assets	1,249	1,496
Financial liabilities	63	14
Recurring fair value measurement | Level 2
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]
Financial assets	4,588	4,968
Financial liabilities	485	348
Recurring fair value measurement | Level 3
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]
Financial assets	282	297	$ 341
Financial liabilities	302	498	$ 11
Recurring fair value measurement | Derivatives assets/liabilities | Level 1
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]
Financial liabilities	63	14
Recurring fair value measurement | Derivatives assets/liabilities | Level 2
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]
Financial liabilities	485	348
Recurring fair value measurement | Derivatives assets/liabilities | Level 3
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]
Financial liabilities	17	19
Recurring fair value measurement | Other financial liabilities | Level 1
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]
Financial liabilities	0	0
Recurring fair value measurement | Other financial liabilities | Level 2
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]
Financial liabilities	0	0
Recurring fair value measurement | Other financial liabilities | Level 3
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]
Financial liabilities	285	479
Recurring fair value measurement | Other Financial Liabilities, Contingent Consideration | Level 3 | Discounted cash flows
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]
Financial liabilities	247	411
Recurring fair value measurement | Common shares | Level 1
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]
Financial assets	668	865
Recurring fair value measurement | Common shares | Level 2
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]
Financial assets	0	0
Recurring fair value measurement | Common shares | Level 3
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]
Financial assets	0	0
Recurring fair value measurement | Corporate and government bonds | Level 1
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]
Financial assets	73	43
Recurring fair value measurement | Corporate and government bonds | Level 2
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]
Financial assets	3,306	3,956
Recurring fair value measurement | Corporate and government bonds | Level 3
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]
Financial assets	0	0
Recurring fair value measurement | Derivatives assets/liabilities | Level 1
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]
Financial assets	17	2
Recurring fair value measurement | Derivatives assets/liabilities | Level 2
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]
Financial assets	594	300
Recurring fair value measurement | Derivatives assets/liabilities | Level 3
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]
Financial assets	0	0
Recurring fair value measurement | Other financial assets | Level 1
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]
Financial assets	491	586
Recurring fair value measurement | Other financial assets | Level 2
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]
Financial assets	688	712
Recurring fair value measurement | Other financial assets | Level 3
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]
Financial assets	$ 282	$ 297

FAIR VALUE OF FINANCIAL INSTR_6

FAIR VALUE OF FINANCIAL INSTRUMENTS - Change in Balance of Financial Assets Classified as Level 3 (Details) - Recurring fair value measurement - Level 3 - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Reconciliation of changes in fair value measurement, assets [abstract]
Financial assets at beginning of period	$ 297	$ 341
Fair value change recorded in net income	(4)	(5)
Fair value change recorded in other comprehensive income	(2)	17
Additions	76	121
Disposals	(82)	(172)
Foreign currency translation and other	(3)	(5)
Financial assets at end of period	$ 282	$ 297

FAIR VALUE OF FINANCIAL INSTR_7

FAIR VALUE OF FINANCIAL INSTRUMENTS - Change in Balance of Fair Value Liabilities (Details) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Reconciliation of changes in fair value measurement, liabilities [abstract]
Financial liabilities at beginning of period	$ 40,783
Foreign currency translation and other	27	$ (21)
Financial liabilities at end of period	52,553	40,783
Recurring fair value measurement | Level 3
Reconciliation of changes in fair value measurement, liabilities [abstract]
Financial liabilities at beginning of period	498	11
Fair value change recorded in net income	2	3
Additions	83	510
Disposals	(308)	(5)
Financial liabilities at end of period	$ 302	$ 498

FINANCIAL ASSETS - Disclosure o

FINANCIAL ASSETS - Disclosure of Financial Assets (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Current
Marketable securities	$ 979	$ 1,262
Restricted cash	1,157	224
Derivative contracts	240	179
Loans and notes receivable	171	211
Other financial assets	124	138
Total current	2,671	2,014
Non-current
Marketable securities	2,902	3,601
Restricted cash	262	297
Derivative contracts	371	123
Loans and notes receivable	5,329	936
Other financial assets	1,648	1,579
Total non-current	$ 10,512	$ 6,536

ACCOUNTS AND OTHER RECEIVABLE_3

ACCOUNTS AND OTHER RECEIVABLE, NET - Current and Non-current Balances (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Subclassifications of assets, liabilities and equities [abstract]
Current, net	$ 5,905	$ 4,945
Non-current, net
Accounts receivable	61	60
Retainer on customer contract	47	61
Billing rights	636	572
Total non-current, net	744	693
Total	$ 6,649	$ 5,638

ACCOUNTS AND OTHER RECEIVABLE_4

ACCOUNTS AND OTHER RECEIVABLE, NET - Narrative (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Disclosure of financial assets [line items]
Retention balance, current	$ 436	$ 478
Construction services
Disclosure of financial assets [line items]
Retention balance, current	$ 213	$ 231

INVENTORY, NET - Disclosure of

INVENTORY, NET - Disclosure of Current Inventories (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Inventories [Abstract]
Raw materials and consumables	$ 1,419	$ 1,340
Fuel products	857	727
Work in progress	817	723
RTFO certificates	525	391
Finished goods and other	1,856	1,331
Carrying amount of inventories	5,474	4,512
RTFO certificates held for trading and recorded at fair value	$ 0	$ 0

DISPOSITIONS (Details)

DISPOSITIONS (Details) shares in Millions, $ in Millions			1 Months Ended	3 Months Ended			6 Months Ended
	Mar. 01, 2021 USD ($) shares	Jan. 14, 2021 USD ($) shares	May 31, 2021 USD ($) transaction shares	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Mar. 31, 2021 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)
Disclosure of operating segments [line items]
Gain (loss) on acquisitions/dispositions, net				$ 0	$ 16		$ 0	$ 1,823
Gain (loss) on acquisitions / dispositions, net recorded in equity				19	163		19	414
Number of block trade transactions (in transactions) | transaction			2
Operating segments
Disclosure of operating segments [line items]
Gain (loss) on acquisitions / dispositions, net recorded in equity				$ 19	$ 163		$ 19	$ 414
Public securities
Disclosure of operating segments [line items]
Gain (loss) on acquisitions/dispositions, net						$ 41
GrafTech International Ltd.
Disclosure of operating segments [line items]
Gain (loss) on acquisitions/dispositions, net	$ 1,764	$ 82	$ 5
Proportion of voting rights held in subsidiary	37%	48%
Proportion of ownership interest in subsidiary	13%		8%
Brookfield Business Partners L.P. and Institutional Investors | GrafTech International Ltd.
Disclosure of operating segments [line items]
Gain (loss) on acquisitions/dispositions, net	$ 609	$ 239				$ 169
Number of shares in entity disposed (in shares) | shares	30	20	11.3
Proceeds from sale of subsidiary	$ 350	$ 214	$ 150

OTHER ASSETS - Disclosure of Ot

OTHER ASSETS - Disclosure of Other Assets (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Current
Work in progress	$ 436	$ 478
Prepayments and other assets	1,087	872
Assets held for sale	71	9
Total current	1,594	1,359
Non-current
Prepayments and other assets	546	488
Total non-current	$ 546	$ 488

PROPERTY, PLANT AND EQUIPMENT -

PROPERTY, PLANT AND EQUIPMENT - Disclosure of Property, Plant and Equipment (Details) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Reconciliation of changes in property, plant and equipment [abstract]
Balance at beginning of period	$ 15,325
Balance at end of period	15,172	$ 15,325
Reversal of impairment loss	206
Right-of-use assets	1,443	1,551
Gross carrying amount
Reconciliation of changes in property, plant and equipment [abstract]
Balance at beginning of period	20,342	18,004
Additions (cash and non-cash)	893	1,419
Dispositions	(183)	(1,173)
Acquisitions through business combinations	439	2,518
Transfers and assets reclassified as held for sale	(184)	(139)
Foreign currency translation and other	(780)	(287)
Balance at end of period	20,527	20,342
Accumulated depreciation and impairment
Reconciliation of changes in property, plant and equipment [abstract]
Balance at beginning of period	(5,017)	(4,022)
Dispositions	111	553
Transfers and assets reclassified as held for sale	114	103
Foreign currency translation and other	119	29
Depreciation/depletion/impairment expense	(682)	(1,680)
Balance at end of period	$ (5,355)	$ (5,017)

INTANGIBLE ASSETS - Disclosure

INTANGIBLE ASSETS - Disclosure of Changes in Intangible Assets (Details) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Reconciliation of changes in intangible assets other than goodwill [abstract]
Balance at beginning of period	$ 14,806
Balance at end of period	19,220	$ 14,806
Gross carrying amount
Reconciliation of changes in intangible assets other than goodwill [abstract]
Balance at beginning of period	17,128	12,874
Additions	210	322
Dispositions	0	(155)
Acquisitions through business combinations	5,111	4,536
Assets reclassified as held for sale	0	0
Foreign currency translation	(338)	(449)
Balance at end of period	22,111	17,128
Accumulated Amortization and impairment
Reconciliation of changes in intangible assets other than goodwill [abstract]
Balance at beginning of period	(2,322)	(1,613)
Dispositions	0	73
Foreign currency translation	47	59
Amortization/impairment expense	(616)	(841)
Balance at end of period	$ (2,891)	$ (2,322)

GOODWILL - Disclosure of Change

GOODWILL - Disclosure of Changes in Goodwill (Details) - Goodwill - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Reconciliation of changes in intangible assets and goodwill [abstract]
Balance at beginning of period	$ 8,585	$ 5,244
Acquisitions through business combinations	1,850	3,967
Impairment	(111)	(175)
Dispositions	0	(171)
Foreign currency translation	(417)	(280)
Balance at end of period	9,907	8,585
Infrastructure services | Altera Infrastructure LP
Reconciliation of changes in intangible assets and goodwill [abstract]
Impairment	$ 111	$ 175

EQUITY ACCOUNTED INVESTMENTS -

EQUITY ACCOUNTED INVESTMENTS - Change in Equity Investments (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021	May 31, 2022
Disclosure of detailed information about business combination [line items]
Balance at beginning of year			$ 1,480	$ 1,690	$ 1,690
Acquisitions through business combinations			339		20
Additions			126		430
Impairment losses			0		(29)
Dispositions			0		(534)
Share of net income	$ 41	$ 7	91	$ 36	13
Share of other comprehensive income (loss)			(1)		(16)
Distributions received			(92)		(89)
Foreign currency translation			(3)		(5)
Balance at end of period	$ 1,940		$ 1,940		$ 1,480
CUPA Finance
Disclosure of detailed information about business combination [line items]
Percentage of voting equity interests acquired						23%
Consideration transferred						$ 100

ACCOUNTS PAYABLE AND OTHER - Ac

ACCOUNTS PAYABLE AND OTHER - Accounts Payable and Other (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Current
Accounts payable	$ 3,979	$ 3,665
Accrued and other liabilities	5,338	4,977
Lease liabilities	311	312
Financial liabilities	510	316
Unearned premiums reserve	615	620
Work in progress	1,377	1,397
Provisions and decommissioning liabilities	473	563
Liabilities held for sale	41	0
Total current	12,644	11,850
Non-current
Accounts payable	104	119
Accrued and other liabilities	1,570	1,556
Lease liabilities	1,179	1,293
Financial liabilities	2,061	2,159
Unearned premiums reserve	1,564	1,608
Work in progress	13	1
Provisions and decommissioning liabilities (5)	876	1,050
Total non-current	7,367	7,786
Bank overdrafts	870	727
Net defined benefit liability	775	771
Current net defined benefit liability	14	20
Non-current net defined benefit liability	761	751
Healthscope Limited
Non-current
Financial liabilities, sale-leaseback transaction	1,644	1,732
Current financial liabilities, sale-leaseback transaction	62	66
Non-current financial liabilities, sale-leaseback transaction	$ 1,582	$ 1,666

CONTRACTS IN PROGRESS - Disclos

CONTRACTS IN PROGRESS - Disclosure of Contracts in Progress (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Construction Contracts [Abstract]
Contract costs incurred to date	$ 20,147	$ 21,381
Profit recognized to date (less recognized losses)	1,843	1,783
Contract costs incurred and profit recognized (less recognized losses)	21,990	23,164
Less: progress billings	(22,944)	(24,084)
Contract work in progress (liability)	(954)	(920)
Comprising:
Amounts due from customers – work in progress	436	478
Amounts due to customers – creditors	(1,390)	(1,398)
Contract work in progress (liability)	$ (954)	$ (920)

BORROWINGS (Details)

BORROWINGS (Details) - USD ($)	3 Months Ended	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Disclosure of detailed information about borrowings [line items]
Proceeds from corporate borrowings		$ 651,000,000	$ 260,000,000
Current borrowings and current portion of non-current borrowings	$ 3,121,000,000	3,121,000,000		$ 2,062,000,000
Non-current portion of non-current borrowings	35,391,000,000	35,391,000,000		25,395,000,000
Corporate borrowings	1,981,000,000	1,981,000,000		1,619,000,000
Parent company
Disclosure of detailed information about borrowings [line items]
Current borrowings	0	0		$ 0
Revolving credit facility
Disclosure of detailed information about borrowings [line items]
Proceeds from corporate borrowings	225,000,000
Undrawn borrowing facilities	$ 2,300,000,000	$ 2,300,000,000
Revolving credit facility | Floating interest rate | Secured Overnight Financing Rate (SOFR)
Disclosure of detailed information about borrowings [line items]
Basis spread on variable rate	2.50%	2.50%
Revolving credit facility | Floating interest rate | Base rate or prime rate
Disclosure of detailed information about borrowings [line items]
Basis spread on variable rate	1.50%	1.50%
Brookfield credit agreements
Disclosure of detailed information about borrowings [line items]
Credit facility, maximum borrowing capacity	$ 1,000,000,000	$ 1,000,000,000
Renewal period		1 year
Brookfield credit agreements | At April 27, 2023
Disclosure of detailed information about borrowings [line items]
Credit facility, maximum borrowing capacity	$ 500,000,000	$ 500,000,000
Brookfield credit agreements | Floating interest rate | Base rate or prime rate
Disclosure of detailed information about borrowings [line items]
Basis spread on variable rate	2.45%	2.45%
Brookfield credit agreements | Floating interest rate | LIBOR or bankers' acceptance rate
Disclosure of detailed information about borrowings [line items]
Basis spread on variable rate	3.45%	3.45%

RELATED PARTY TRANSACTIONS - Ad

RELATED PARTY TRANSACTIONS - Additional Information (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Disclosure of transactions between related parties [line items]
Interest income (expense), net	$ (556,000,000)	$ (351,000,000)	$ (1,016,000,000)	$ (699,000,000)
Brookfield credit agreements
Disclosure of transactions between related parties [line items]
Credit facility, maximum borrowing capacity	1,000,000,000		1,000,000,000
Parent company
Disclosure of transactions between related parties [line items]
Outstanding commitments made by entity, related party transactions	0		0		$ 0
Current borrowings	0		0		0
Interest income (expense), net	$ 0	2,000,000	0	4,000,000
Partnership commitment agreement, maximum amount			$ 1,500,000,000
Fixed preferential cumulative distribution percentage	6%		6%
Outstanding subscription amount	$ 0		$ 0
Base management fee expense	23,000,000	23,000,000	47,000,000	41,000,000
Dividends recognised as distributions to owners	$ 0	$ 79,000,000	$ 0	$ 79,000,000
Parent company | LIBOR or bankers' acceptance rate
Disclosure of transactions between related parties [line items]
Basis spread on variable rate	1.50%		1.50%
Mortgage insurer
Disclosure of transactions between related parties [line items]
Contractual capital commitments	$ 9,000,000		$ 9,000,000		$ 50,000,000
Service period					2 years

RELATED PARTY TRANSACTIONS - Ot

RELATED PARTY TRANSACTIONS - Other Related Party Transactions (Details) - Other related parties - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Disclosure of transactions between related parties [line items]
Business services revenues	$ 62	$ 133	$ 141	$ 287
Accounts and other receivable, net	133		133		$ 138
Amounts payable and other	552		552		549
Non-recourse borrowings in subsidiaries of the partnership	56		56		56
Tax receivable	$ 345		$ 345		$ 326

DERIVATIVE FINANCIAL INSTRUME_3

DERIVATIVE FINANCIAL INSTRUMENTS - Disclosure of Derivative Financial Instruments (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Disclosure of detailed information about hedging instruments [line items]
Financial Asset	$ 611	$ 302
Financial Liability	565	381
Current financial assets	240	179
Current financial liability	356	160
Non-current financial asset	371	123
Non-current financial liability	209	221
Foreign exchange contracts
Disclosure of detailed information about hedging instruments [line items]
Financial Liability	191	129
Cross currency swaps
Disclosure of detailed information about hedging instruments [line items]
Financial Liability	2	1
Interest rate derivatives
Disclosure of detailed information about hedging instruments [line items]
Financial Liability	129	179
Equity derivatives
Disclosure of detailed information about hedging instruments [line items]
Financial Liability	17	19
Commodities contracts
Disclosure of detailed information about hedging instruments [line items]
Financial Liability	226	53
Foreign exchange contracts
Disclosure of detailed information about hedging instruments [line items]
Financial Asset	298	184
Cross currency swaps
Disclosure of detailed information about hedging instruments [line items]
Financial Asset	5	5
Interest rate derivatives
Disclosure of detailed information about hedging instruments [line items]
Financial Asset	260	62
Equity derivatives
Disclosure of detailed information about hedging instruments [line items]
Financial Asset	2	11
Commodities contracts
Disclosure of detailed information about hedging instruments [line items]
Financial Asset	$ 46	$ 40

EQUITY - Additional Information

EQUITY - Additional Information (Details) $ / shares in Units, $ in Millions		3 Months Ended		6 Months Ended
		Jun. 30, 2022 USD ($) $ / shares shares	Jun. 30, 2021 USD ($) $ / shares shares	Jun. 30, 2022 USD ($) subsidiary $ / shares shares		Jun. 30, 2021 USD ($) $ / shares shares		Mar. 15, 2022 shares	Dec. 31, 2021 shares
Decrease through other distributions to owners, equity | $	[1]			$ 1,474		$ 1,377
Net (loss) income attributable to limited partnership unitholders | $		$ 49	$ (50)	$ 63		231
Exchange ratio (in shares)				1
Exchangeable shares received for every two LP Units held (in shares)								1
Exchange ratio, exchangeable shares								2
Associates | Holding LP
Number of shares issued (in shares)		69,700,000		69,700,000				73,000,000
Preference shares
Unit issuance | $				$ 15
Entities with joint control or significant influence
Dividends recognised as distributions to owners | $		$ 0	79	$ 0		79
Incentive distribution rights based on percent increase in unit price				20%
Dividends recognised as distributions to owners, volume weighted average share price threshold | $ / shares		$ 24.14		$ 31.53
Non-controlling interest - Redemption-Exchange Units held by Brookfield Asset Management Inc.
Dividends recognised as distributions to owners | $		$ 14	$ 9	$ 23		$ 18
Dividends recognised as distributions to owners per share (in dollars per share) | $ / shares		$ 0.0625	$ 0.0625	$ 0.0625		$ 0.0625
Limited partners
Decrease through other distributions to owners, equity | $	[1]			$ 9		$ 10
Units repurchased and canceled (in shares)				2,525,490		447,871,000,000
Number of shares issued (in shares)		74,610,828		74,610,828					77,085,493
Weighted average number of ordinary shares outstanding (in shares)		75,300,000	78,600,000	76,000,000		78,700,000
Brookfield Asset Management Inc.
Proportion of ownership interest in subsidiary				65.50%
Units repurchased and canceled (in shares)				0
Number of shares issued (in shares)		4		4					4
Brookfield Asset Management Inc. | Preference shares
Unit issuance | $				$ 15
Number of partnership's subsidiaries (in subsidiaries) | subsidiary				3
Cumulative preferencial cash dividend as a percentage of redemption value				5%
Interest of others in operating subsidiaries
Decrease through other distributions to owners, equity | $		$ 869	$ 482	$ 1,451	[1]	$ 1,280	[1]
[1]See Note 19 for additional information on distributions and Unit repurchases.

EQUITY - General and Limited Pa

EQUITY - General and Limited Partnership Units (Details) - shares	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Total
Disclosure of classes of share capital [line items]
Balance at beginning of period (in shares)	77,085,497
Repurchased and canceled (in shares)	(2,525,490)
Conversion from BBUC exchangeable shares (in shares)	50,825
Balance at end of period (in shares)	74,610,832
Brookfield Asset Management Inc.
Disclosure of classes of share capital [line items]
Balance at beginning of period (in shares)	4
Repurchased and canceled (in shares)	0
Conversion from BBUC exchangeable shares (in shares)	0
Balance at end of period (in shares)	4
Limited partners
Disclosure of classes of share capital [line items]
Balance at beginning of period (in shares)	77,085,493
Repurchased and canceled (in shares)	(2,525,490)	(447,871,000,000)
Conversion from BBUC exchangeable shares (in shares)	50,825
Balance at end of period (in shares)	74,610,828

EQUITY - Redemption-Exchange Un

EQUITY - Redemption-Exchange Units Held by Brookfield (Details) - Redemption- exchange units	6 Months Ended
	Jun. 30, 2022 shares
Disclosure of classes of share capital [line items]
Balance at beginning of period (in shares)	69,705,497
Repurchased and canceled (in shares)	0
Balance at end of period (in shares)	69,705,497

EQUITY - BBUC Exchangeable Shar

EQUITY - BBUC Exchangeable Shares (Details) - BBCU exchangeable shares	6 Months Ended
	Jun. 30, 2022 shares
Disclosure of classes of share capital [line items]
Balance at beginning of period (in shares)	0
Special distribution (in shares)	73,088,510
Converted to class C shares (in shares)	(50,825,000,000)
Balance at end of period (in shares)	72,957,260
Class c shares
Disclosure of classes of share capital [line items]
Converted to class C shares (in shares)	(80,425)

EQUITY - Acquisition of remaini

EQUITY - Acquisition of remaining publicly held interest in residential mortgage insurer (Details) - USD ($) $ in Millions		6 Months Ended
		Jun. 30, 2022	Jun. 30, 2021
Disclosure of detailed information about business combination [line items]
Ownership change gain in the equity accounts	[1]	$ 121	$ (1,857)
[1]Includes gains or losses on changes in ownership interests of consolidated subsidiaries.

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) - Disclosure of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Disclosure of analysis of other comprehensive income by item [line items]
Beginning balance				$ 13,000	$ 11,337
Other comprehensive income (loss)		$ (722)	$ 306	(568)	216
Ownership changes	[1]			121	(1,857)
Ending balance		14,029	11,196	14,029	11,196
Limited partners
Disclosure of analysis of other comprehensive income by item [line items]
Beginning balance				2,252	1,928
Other comprehensive income (loss)				(69)	39
Ownership changes	[1]			(4)	59
Ending balance		1,416	2,230	1,416	2,230
Foreign currency translation | Limited partners
Disclosure of analysis of other comprehensive income by item [line items]
Beginning balance				(252)	(144)
Other comprehensive income (loss)				(33)	4
Ownership changes				3	(38)
Issuance of BBUC exchangeable shares				67
Ending balance		(215)	(178)	(215)	(178)
FVOCI | Limited partners
Disclosure of analysis of other comprehensive income by item [line items]
Beginning balance				76	52
Other comprehensive income (loss)				(73)	19
Ownership changes				0	(1)
Issuance of BBUC exchangeable shares				(15)
Ending balance		(12)	70	(12)	70
Other | Limited partners
Disclosure of analysis of other comprehensive income by item [line items]
Beginning balance				23	(88)
Other comprehensive income (loss)				37	16
Ownership changes				1	1
Issuance of BBUC exchangeable shares				(5)
Ending balance		56	(71)	56	(71)
Accumulated other comprehensive income (loss) | Limited partners
Disclosure of analysis of other comprehensive income by item [line items]
Beginning balance	[2]			(153)	(180)
Other comprehensive income (loss)	[2]			(69)	39
Ownership changes	[1],[2]			4	(38)
Issuance of BBUC exchangeable shares				47
Ending balance	[2]	$ (171)	$ (179)	$ (171)	$ (179)
[1]Includes gains or losses on changes in ownership interests of consolidated subsidiaries.[2]See Note 20 for additional information.

DIRECT OPERATING COSTS - Schedu

DIRECT OPERATING COSTS - Schedule of Lists of Direct Costs (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Analysis of income and expense [abstract]
Inventory costs	$ 9,838	$ 7,357	$ 18,591	$ 13,421
Subcontractor and consultant costs	812	911	1,553	1,660
Concession construction materials and labor costs	81	51	160	84
Depreciation and amortization expense	786	553	1,488	1,095
Compensation	1,287	980	2,496	1,971
Other direct costs	870	697	1,981	1,296
Total	$ 13,674	$ 10,549	$ 26,269	$ 19,527

REVENUES - Revenues by Type (De

REVENUES - Revenues by Type (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Disclosure of operating segments [line items]
Revenues from contracts with customers	$ 13,958	$ 10,855	$ 26,756	$ 20,309
Other revenues	668	380	1,342	755
Total revenues	14,626	11,235	28,098	21,064
Business services
Disclosure of operating segments [line items]
Revenues from contracts with customers	8,839	7,431	16,807	13,094
Other revenues	306	248	612	487
Total revenues	9,145	7,679	17,419	13,581
Infrastructure services
Disclosure of operating segments [line items]
Revenues from contracts with customers	1,444	877	2,608	1,857
Other revenues	358	128	722	259
Total revenues	1,802	1,005	3,330	2,116
Industrials
Disclosure of operating segments [line items]
Revenues from contracts with customers	3,675	2,547	7,341	5,358
Other revenues	4	4	8	9
Total revenues	3,679	2,551	7,349	5,367
Corporate and other
Disclosure of operating segments [line items]
Revenues from contracts with customers	0	0	0	0
Other revenues	0	0	0	0
Total revenues	$ 0	$ 0	$ 0	$ 0

REVENUES - Timing of Revenues R

REVENUES - Timing of Revenues Recognition From Contracts with Customers (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Disclosure of operating segments [line items]
Revenues from contracts with customers	$ 13,958	$ 10,855	$ 26,756	$ 20,309
Other non IFRS 15 revenues	668	380	1,342	755
Total revenues	14,626	11,235	28,098	21,064
Goods and services provided at a point in time
Disclosure of operating segments [line items]
Revenues from contracts with customers	11,975	9,036	23,026	16,900
Services transferred over a period of time
Disclosure of operating segments [line items]
Revenues from contracts with customers	1,983	1,819	3,730	3,409
Business services
Disclosure of operating segments [line items]
Revenues from contracts with customers	8,839	7,431	16,807	13,094
Other non IFRS 15 revenues	306	248	612	487
Total revenues	9,145	7,679	17,419	13,581
Business services | Goods and services provided at a point in time
Disclosure of operating segments [line items]
Revenues from contracts with customers	7,906	6,303	14,963	10,967
Business services | Services transferred over a period of time
Disclosure of operating segments [line items]
Revenues from contracts with customers	933	1,128	1,844	2,127
Infrastructure services
Disclosure of operating segments [line items]
Revenues from contracts with customers	1,444	877	2,608	1,857
Other non IFRS 15 revenues	358	128	722	259
Total revenues	1,802	1,005	3,330	2,116
Infrastructure services | Goods and services provided at a point in time
Disclosure of operating segments [line items]
Revenues from contracts with customers	493	239	917	661
Infrastructure services | Services transferred over a period of time
Disclosure of operating segments [line items]
Revenues from contracts with customers	951	638	1,691	1,196
Industrials
Disclosure of operating segments [line items]
Revenues from contracts with customers	3,675	2,547	7,341	5,358
Other non IFRS 15 revenues	4	4	8	9
Total revenues	3,679	2,551	7,349	5,367
Industrials | Goods and services provided at a point in time
Disclosure of operating segments [line items]
Revenues from contracts with customers	3,576	2,494	7,146	5,272
Industrials | Services transferred over a period of time
Disclosure of operating segments [line items]
Revenues from contracts with customers	99	53	195	86
Corporate and other
Disclosure of operating segments [line items]
Revenues from contracts with customers	0	0	0	0
Other non IFRS 15 revenues	0	0	0	0
Total revenues	0	0	0	0
Corporate and other | Goods and services provided at a point in time
Disclosure of operating segments [line items]
Revenues from contracts with customers	0	0	0	0
Corporate and other | Services transferred over a period of time
Disclosure of operating segments [line items]
Revenues from contracts with customers	$ 0	$ 0	$ 0	$ 0

REVENUES - Revenues by Geograph

REVENUES - Revenues by Geography (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Disclosure of operating segments [line items]
Revenues from contracts with customers	$ 13,958	$ 10,855	$ 26,756	$ 20,309
Other revenues	668	380	1,342	755
Total revenues	14,626	11,235	28,098	21,064
Business services
Disclosure of operating segments [line items]
Revenues from contracts with customers	8,839	7,431	16,807	13,094
Other revenues	306	248	612	487
Total revenues	9,145	7,679	17,419	13,581
Infrastructure services
Disclosure of operating segments [line items]
Revenues from contracts with customers	1,444	877	2,608	1,857
Other revenues	358	128	722	259
Total revenues	1,802	1,005	3,330	2,116
Industrials
Disclosure of operating segments [line items]
Revenues from contracts with customers	3,675	2,547	7,341	5,358
Other revenues	4	4	8	9
Total revenues	3,679	2,551	7,349	5,367
Corporate and other
Disclosure of operating segments [line items]
Revenues from contracts with customers	0	0	0	0
Other revenues	0	0	0	0
Total revenues	0	0	0	0
United Kingdom
Disclosure of operating segments [line items]
Revenues from contracts with customers	6,031	4,730	11,235	8,368
United Kingdom | Business services
Disclosure of operating segments [line items]
Revenues from contracts with customers	5,833	4,603	10,866	8,141
United Kingdom | Infrastructure services
Disclosure of operating segments [line items]
Revenues from contracts with customers	118	89	213	141
United Kingdom | Industrials
Disclosure of operating segments [line items]
Revenues from contracts with customers	80	38	156	86
United Kingdom | Corporate and other
Disclosure of operating segments [line items]
Revenues from contracts with customers	0	0	0	0
United States of America
Disclosure of operating segments [line items]
Revenues from contracts with customers	2,184	1,407	4,242	2,923
United States of America | Business services
Disclosure of operating segments [line items]
Revenues from contracts with customers	89	77	193	155
United States of America | Infrastructure services
Disclosure of operating segments [line items]
Revenues from contracts with customers	556	307	1,001	684
United States of America | Industrials
Disclosure of operating segments [line items]
Revenues from contracts with customers	1,539	1,023	3,048	2,084
United States of America | Corporate and other
Disclosure of operating segments [line items]
Revenues from contracts with customers	0	0	0	0
Europe
Disclosure of operating segments [line items]
Revenues from contracts with customers	1,882	1,651	3,969	3,037
Europe | Business services
Disclosure of operating segments [line items]
Revenues from contracts with customers	656	717	1,481	1,020
Europe | Infrastructure services
Disclosure of operating segments [line items]
Revenues from contracts with customers	452	318	878	632
Europe | Industrials
Disclosure of operating segments [line items]
Revenues from contracts with customers	774	616	1,610	1,385
Europe | Corporate and other
Disclosure of operating segments [line items]
Revenues from contracts with customers	0	0	0	0
Australia
Disclosure of operating segments [line items]
Revenues from contracts with customers	1,219	1,211	2,344	2,273
Australia | Business services
Disclosure of operating segments [line items]
Revenues from contracts with customers	1,111	1,193	2,157	2,236
Australia | Infrastructure services
Disclosure of operating segments [line items]
Revenues from contracts with customers	65	0	111	7
Australia | Industrials
Disclosure of operating segments [line items]
Revenues from contracts with customers	43	18	76	30
Australia | Corporate and other
Disclosure of operating segments [line items]
Revenues from contracts with customers	0	0	0	0
Canada
Disclosure of operating segments [line items]
Revenues from contracts with customers	1,161	710	2,059	1,395
Canada | Business services
Disclosure of operating segments [line items]
Revenues from contracts with customers	938	569	1,637	1,088
Canada | Infrastructure services
Disclosure of operating segments [line items]
Revenues from contracts with customers	51	21	74	52
Canada | Industrials
Disclosure of operating segments [line items]
Revenues from contracts with customers	172	120	348	255
Canada | Corporate and other
Disclosure of operating segments [line items]
Revenues from contracts with customers	0	0	0	0
Brazil
Disclosure of operating segments [line items]
Revenues from contracts with customers	576	292	1,097	536
Brazil | Business services
Disclosure of operating segments [line items]
Revenues from contracts with customers	32	59	63	107
Brazil | Infrastructure services
Disclosure of operating segments [line items]
Revenues from contracts with customers	33	20	60	23
Brazil | Industrials
Disclosure of operating segments [line items]
Revenues from contracts with customers	511	213	974	406
Brazil | Corporate and other
Disclosure of operating segments [line items]
Revenues from contracts with customers	0	0	0	0
Mexico
Disclosure of operating segments [line items]
Revenues from contracts with customers	226	200	435	388
Mexico | Business services
Disclosure of operating segments [line items]
Revenues from contracts with customers	0	0	0	0
Mexico | Infrastructure services
Disclosure of operating segments [line items]
Revenues from contracts with customers	0	0	0	0
Mexico | Industrials
Disclosure of operating segments [line items]
Revenues from contracts with customers	226	200	435	388
Mexico | Corporate and other
Disclosure of operating segments [line items]
Revenues from contracts with customers	0	0	0	0
Other
Disclosure of operating segments [line items]
Revenues from contracts with customers	679	654	1,375	1,389
Other | Business services
Disclosure of operating segments [line items]
Revenues from contracts with customers	180	213	410	347
Other | Infrastructure services
Disclosure of operating segments [line items]
Revenues from contracts with customers	169	122	271	318
Other | Industrials
Disclosure of operating segments [line items]
Revenues from contracts with customers	330	319	694	724
Other | Corporate and other
Disclosure of operating segments [line items]
Revenues from contracts with customers	$ 0	$ 0	$ 0	$ 0

SEGMENT INFORMATION - Additiona

SEGMENT INFORMATION - Additional Information (Details) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Jun. 30, 2022 USD ($) segment	Jun. 30, 2021 USD ($)	Dec. 31, 2021 USD ($)
Operating Segments [Abstract]
Number of operating segments | segment			4
Direct operating costs	$ (13,674)	$ (10,549)	$ (26,269)	$ (19,527)
Other operating income (expense), net	218	97	317	58
Other income (expense), net	23	(4)	(1)	(17)
Other income (expense), net	(241)	(93)	(316)	(41)
Gain (loss) on extinguishment		(3)		3
Equity accounted income (loss), net	41	7	91	36	$ 13
Depreciation and amortization expense	$ 786	$ 553	$ 1,488	$ 1,095

SEGMENT INFORMATION - Income St

SEGMENT INFORMATION - Income Statement Captions by Segment (Details) - USD ($)	3 Months Ended			6 Months Ended		12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Disclosure of operating segments [line items]
Revenues	$ 14,626,000,000	$ 11,235,000,000		$ 28,098,000,000	$ 21,064,000,000
Direct operating costs	12,888,000,000	9,996,000,000		24,781,000,000	18,432,000,000
General and administrative expenses	(310,000,000)	(253,000,000)		(610,000,000)	(504,000,000)
Gains (loss) on acquisitions / dispositions, net		15,000,000			898,000,000
Gain (loss) on acquisitions / dispositions, net recorded in equity	19,000,000	163,000,000		19,000,000	414,000,000
Other income (expense), net	23,000,000	(4,000,000)		(1,000,000)	(17,000,000)
Interest income (expense), net	(556,000,000)	(351,000,000)		(1,016,000,000)	(699,000,000)
Current income tax (expense) recovery	(75,000,000)	(118,000,000)		(154,000,000)	(320,000,000)
Equity accounted Adjusted EFO	84,000,000	47,000,000		154,000,000	114,000,000
Depreciation and amortization expense	(786,000,000)	(553,000,000)		(1,488,000,000)	(1,095,000,000)
Impairment reversal (expense), net	78,000,000	0		78,000,000	(201,000,000)
Gain (loss) on acquisitions / dispositions, net		1,000,000			925,000,000
Gain (loss) on acquisitions / dispositions, net recorded in equity	(19,000,000)	(163,000,000)		(19,000,000)	(414,000,000)
Current income tax (expense) recovery					(9,000,000)
Other income (expense), net	(241,000,000)	(93,000,000)		(316,000,000)	(41,000,000)
Deferred income tax (expense) recovery	382,000,000	81,000,000		412,000,000	115,000,000
Non-cash items attributable to equity accounted investments	(43,000,000)	(40,000,000)		(63,000,000)	(78,000,000)
Net income (loss)	294,000,000	(29,000,000)		313,000,000	1,738,000,000
Direct costs	13,674,000,000	10,549,000,000		26,269,000,000	19,527,000,000
Share of net income	41,000,000	7,000,000		91,000,000	36,000,000	$ 13,000,000
Gains (losses) on disposals of non-current assets	0	16,000,000		0	1,823,000,000
Other operating income (expense)	(218,000,000)	(97,000,000)		(317,000,000)	(58,000,000)
Public securities
Disclosure of operating segments [line items]
Gains (losses) on disposals of non-current assets			$ 41,000,000
Operating segments
Disclosure of operating segments [line items]
Revenues	4,302,000,000	3,553,000,000		8,313,000,000	6,726,000,000
Direct operating costs	3,711,000,000	3,123,000,000		7,154,000,000	5,864,000,000
General and administrative expenses	(125,000,000)	(106,000,000)		(245,000,000)	(202,000,000)
Gains (loss) on acquisitions / dispositions, net		7,000,000			158,000,000
Gain (loss) on acquisitions / dispositions, net recorded in equity	19,000,000	163,000,000		19,000,000	414,000,000
Other income (expense), net	9,000,000	0		0	(3,000,000)
Interest income (expense), net	(187,000,000)	(117,000,000)		(338,000,000)	(230,000,000)
Current income tax (expense) recovery	(21,000,000)	(51,000,000)		(42,000,000)	(157,000,000)
Equity accounted Adjusted EFO	56,000,000	30,000,000		99,000,000	59,000,000
Adjusted EFO	342,000,000	356,000,000		652,000,000	901,000,000
Depreciation and amortization expense	(267,000,000)	(191,000,000)		(502,000,000)	(373,000,000)
Impairment reversal (expense), net	41,000,000			41,000,000	(58,000,000)
Gain (loss) on acquisitions / dispositions, net		0			474,000,000
Gain (loss) on acquisitions / dispositions, net recorded in equity	(19,000,000)	(163,000,000)		(19,000,000)	(414,000,000)
Current income tax (expense) recovery					(9,000,000)
Other income (expense), net	(87,000,000)	(30,000,000)		(115,000,000)	(5,000,000)
Deferred income tax (expense) recovery	163,000,000	41,000,000		161,000,000	35,000,000
Non-cash items attributable to equity accounted investments	(30,000,000)	(28,000,000)		(47,000,000)	(54,000,000)
Net income (loss)	143,000,000	(15,000,000)		171,000,000	515,000,000
Other operating income (expense)		1,000,000		4,000,000
Net realized revaluation gain (loss)	9,000,000	(1,000,000)		6,000,000	(2,000,000)
Business separation expenses, stand-up costs and restructuring charges	14,000,000	17,000,000		26,000,000	24,000,000
Net unrealized revaluation gain (loss)	(45,000,000)	8,000,000		47,000,000	46,000,000
Gains (losses) on disposals of property, plant and equipment				10,000,000
Transaction costs	19,000,000			28,000,000	4,000,000
Other expenses	9,000,000	18,000,000		14,000,000	20,000,000
Other expense, by function					1,000,000
Adjusted EFO		163,000,000			245,000,000
Operating segments | GrafTech International Ltd.
Disclosure of operating segments [line items]
Adjusted EFO		163,000,000			169,000,000
Unallocated amounts
Disclosure of operating segments [line items]
Revenues	10,324,000,000	7,682,000,000		19,785,000,000	14,338,000,000
Direct operating costs	9,177,000,000	6,873,000,000		17,627,000,000	12,568,000,000
General and administrative expenses	(185,000,000)	(147,000,000)		(365,000,000)	(302,000,000)
Gains (loss) on acquisitions / dispositions, net		8,000,000			740,000,000
Gain (loss) on acquisitions / dispositions, net recorded in equity	0	0		0	0
Other income (expense), net	14,000,000	(4,000,000)		(1,000,000)	(14,000,000)
Interest income (expense), net	(369,000,000)	(234,000,000)		(678,000,000)	(469,000,000)
Current income tax (expense) recovery	(54,000,000)	(67,000,000)		(112,000,000)	(163,000,000)
Equity accounted Adjusted EFO	28,000,000	17,000,000		55,000,000	55,000,000
Depreciation and amortization expense	(519,000,000)	(362,000,000)		(986,000,000)	(722,000,000)
Impairment reversal (expense), net	37,000,000			37,000,000	(143,000,000)
Gain (loss) on acquisitions / dispositions, net		1,000,000			451,000,000
Gain (loss) on acquisitions / dispositions, net recorded in equity	0	0		0	0
Current income tax (expense) recovery					0
Other income (expense), net	(154,000,000)	(63,000,000)		(201,000,000)	(36,000,000)
Deferred income tax (expense) recovery	219,000,000	40,000,000		251,000,000	80,000,000
Non-cash items attributable to equity accounted investments	(13,000,000)	(12,000,000)		(16,000,000)	(24,000,000)
Net income (loss)	151,000,000	(14,000,000)		142,000,000	1,223,000,000
Business services
Disclosure of operating segments [line items]
Revenues	9,145,000,000	7,679,000,000		17,419,000,000	13,581,000,000
Depreciation and amortization expense	118,000,000	121,000,000		232,000,000	224,000,000
Business services | Operating segments
Disclosure of operating segments [line items]
Revenues	2,476,000,000	2,401,000,000		4,768,000,000	4,323,000,000
Direct operating costs	2,292,000,000	2,220,000,000		4,447,000,000	4,007,000,000
General and administrative expenses	(33,000,000)	(41,000,000)		(65,000,000)	(75,000,000)
Gains (loss) on acquisitions / dispositions, net		0			0
Gain (loss) on acquisitions / dispositions, net recorded in equity	19,000,000	0		19,000,000	0
Other income (expense), net	0	(1,000,000)		1,000,000	(3,000,000)
Interest income (expense), net	(18,000,000)	(19,000,000)		(43,000,000)	(31,000,000)
Current income tax (expense) recovery	(14,000,000)	(30,000,000)		(22,000,000)	(48,000,000)
Equity accounted Adjusted EFO	13,000,000	3,000,000		20,000,000	4,000,000
Adjusted EFO	151,000,000	93,000,000		231,000,000	163,000,000
Infrastructure services
Disclosure of operating segments [line items]
Revenues	1,802,000,000	1,005,000,000		3,330,000,000	2,116,000,000
Depreciation and amortization expense	340,000,000	176,000,000		591,000,000	348,000,000
Infrastructure services | Operating segments
Disclosure of operating segments [line items]
Revenues	706,000,000	436,000,000		1,318,000,000	916,000,000
Direct operating costs	507,000,000	325,000,000		908,000,000	680,000,000
General and administrative expenses	(33,000,000)	(18,000,000)		(62,000,000)	(35,000,000)
Gains (loss) on acquisitions / dispositions, net		0			0
Gain (loss) on acquisitions / dispositions, net recorded in equity	0	0		0	0
Other income (expense), net	9,000,000	1,000,000		(1,000,000)	0
Interest income (expense), net	(70,000,000)	(38,000,000)		(117,000,000)	(77,000,000)
Current income tax (expense) recovery	(6,000,000)	(1,000,000)		(10,000,000)	(8,000,000)
Equity accounted Adjusted EFO	25,000,000	17,000,000		43,000,000	29,000,000
Adjusted EFO	124,000,000	72,000,000		263,000,000	145,000,000
Industrials
Disclosure of operating segments [line items]
Revenues	3,679,000,000	2,551,000,000		7,349,000,000	5,367,000,000
Depreciation and amortization expense	328,000,000	256,000,000		665,000,000	523,000,000
Industrials | Operating segments
Disclosure of operating segments [line items]
Revenues	1,120,000,000	716,000,000		2,227,000,000	1,487,000,000
Direct operating costs	906,000,000	574,000,000		1,787,000,000	1,170,000,000
General and administrative expenses	(33,000,000)	(17,000,000)		(65,000,000)	(40,000,000)
Gains (loss) on acquisitions / dispositions, net		7,000,000			158,000,000
Gain (loss) on acquisitions / dispositions, net recorded in equity	0	163,000,000		0	414,000,000
Other income (expense), net	0	0		0	0
Interest income (expense), net	(81,000,000)	(57,000,000)		(149,000,000)	(115,000,000)
Current income tax (expense) recovery	(17,000,000)	(32,000,000)		(39,000,000)	(123,000,000)
Equity accounted Adjusted EFO	18,000,000	10,000,000		36,000,000	26,000,000
Adjusted EFO	101,000,000	216,000,000		223,000,000	637,000,000
Corporate and other
Disclosure of operating segments [line items]
Revenues	0	0		0	0
Depreciation and amortization expense	0	0		0	0
Corporate and other | Operating segments
Disclosure of operating segments [line items]
Revenues	0	0		0	0
Direct operating costs	6,000,000	4,000,000		12,000,000	7,000,000
General and administrative expenses	(26,000,000)	(30,000,000)		(53,000,000)	(52,000,000)
Gains (loss) on acquisitions / dispositions, net		0			0
Gain (loss) on acquisitions / dispositions, net recorded in equity	0	0		0	0
Other income (expense), net	0	0		0	0
Interest income (expense), net	(18,000,000)	(3,000,000)		(29,000,000)	(7,000,000)
Current income tax (expense) recovery	16,000,000	12,000,000		29,000,000	22,000,000
Equity accounted Adjusted EFO	0	0		0	0
Adjusted EFO	$ (34,000,000)	$ (25,000,000)		$ (65,000,000)	$ (44,000,000)

SEGMENT INFORMATION - Assets by

SEGMENT INFORMATION - Assets by Segment (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Disclosure of operating segments [line items]
Total assets	$ 77,295	$ 64,219
Business services
Disclosure of operating segments [line items]
Total assets	26,942	20,376
Infrastructure services
Disclosure of operating segments [line items]
Total assets	22,972	16,380
Industrials
Disclosure of operating segments [line items]
Total assets	27,285	27,315
Corporate and other
Disclosure of operating segments [line items]
Total assets	$ 96	$ 148

SUPPLEMENTAL CASH FLOW INFORM_3

SUPPLEMENTAL CASH FLOW INFORMATION - Interest and Income Taxes Paid (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Cash Flow Statement [Abstract]
Interest paid	$ 647	$ 608
Income taxes paid	$ 134	$ 228

SUPPLEMENTAL CASH FLOW INFORM_4

SUPPLEMENTAL CASH FLOW INFORMATION - Non-cash Working Capital (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Cash Flow Statement [Abstract]
Accounts receivable	$ (757)	$ (401)
Inventory	(884)	(339)
Prepayments and other	(225)	(125)
Accounts payable and other	453	580
Changes in non-cash working capital, net	$ (1,413)	$ (285)

INSURANCE CONTRACTS - Movement

INSURANCE CONTRACTS - Movement in Premiums and Unearned Premiums Reserve (Details) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Insurance Contracts [Abstract]
Unearned premiums reserve, beginning of the period	$ 2,228	$ 1,889
Premiums written during the period	327	967
Premiums earned during the period	(337)	(639)
Foreign currency translation	(39)	11
Unearned premiums reserve, end of the period	$ 2,179	$ 2,228

INSURANCE CONTRACTS - Component

INSURANCE CONTRACTS - Components of Loss Reserves (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021	Dec. 31, 2020
Insurance Contracts [Abstract]
Case reserves	$ 40	$ 54
Incurred but not reported reserves	10	13
Discounting	(1)	(1)
Provision for adverse deviation	2	5
Total loss reserves	$ 51	$ 71	$ 144

INSURANCE CONTRACTS - Movemen_2

INSURANCE CONTRACTS - Movement in Loss Reserves (Details) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Insurance Contracts [Abstract]
Loss reserves, beginning of the period	$ 71	$ 144
Claims paid during the period	(16)	(48)
Changes in loss reserves related to the current period	(2)	44
Favorable development on losses on claims related to prior years	0	(71)
Foreign currency translation	(2)	2
Loss reserves, end of the period	$ 51	$ 71

SUBSEQUENT EVENTS - Narrative (

SUBSEQUENT EVENTS - Narrative (Details) - USD ($) $ / shares in Units, $ in Billions	Aug. 04, 2022	Jul. 06, 2022
CDK Global, Inc.
Disclosure of non-adjusting events after reporting period [line items]
Percentage of voting equity interests acquired		25%
Consideration transferred		$ 8.5
CDK Global, Inc. | Brookfield Business Partners L.P. and Institutional Investors
Disclosure of non-adjusting events after reporting period [line items]
Percentage of voting equity interests acquired		100%
Distribution
Disclosure of non-adjusting events after reporting period [line items]
Distributions declared (in dollars per share)	$ 0.0625