Brookfield Business Partners (BBU) 6-K8 Aug 232023 Q2 Unaudited Interim Condensed Consolidated Financial Statements ofFinancial data

Company Profile

Cover Page

Cover Page	6 Months Ended
Cover Page	Jun. 30, 2023
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, 2023
Document Fiscal Year Focus	2023
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, 2023	Dec. 31, 2022
Current Assets
Cash and cash equivalents	$ 3,022	$ 2,870
Financial assets	1,857	1,979
Accounts and other receivable, net	6,207	6,401
Inventory, net	4,966	5,186
Other assets	2,738	1,858
Current assets	18,790	18,294
Financial assets	11,572	10,929
Accounts and other receivable, net	981	877
Other assets	580	515
Property, plant and equipment	16,296	15,893
Deferred income tax assets	1,282	1,245
Intangible assets	23,394	23,953
Equity accounted investments	2,050	2,065
Goodwill	15,369	15,479
Total assets	90,314	89,250
Current Liabilities
Accounts payable and other	13,636	12,919
Non-recourse borrowings in subsidiaries of the partnership	2,990	3,758
Current liabilities	16,626	16,677
Accounts payable and other	7,327	7,511
Corporate borrowings	1,990	2,100
Non-recourse borrowings in subsidiaries of the partnership	41,918	40,835
Deferred income tax liabilities	3,561	3,698
Total liabilities	71,422	70,821
Equity
Limited partners	1,456	1,408
Non-controlling interests attributable to:
Redemption-exchange units	1,360	1,318
Special limited partner	0	0
BBUC exchangeable shares	1,424	1,378
Preferred securities	1,490	1,490
Interest of others in operating subsidiaries	13,162	12,835
Total equity	18,892	18,429
Total equity and liabilities	$ 90,314	$ 89,250

UNAUDITED INTERIM CONDENSED C_2

UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF OPERATING RESULTS - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Profit or loss [abstract]
Revenues	$ 13,506	$ 14,607	$ 27,264	$ 28,034
Direct operating costs	(12,330)	(13,678)	(24,796)	(26,269)
General and administrative expenses	(398)	(306)	(799)	(604)
Interest income (expense), net	(932)	(556)	(1,797)	(1,016)
Equity accounted income (loss), net	28	41	53	91
Impairment reversal (expense), net	(7)	78	(7)	78
Gain (loss) on acquisitions/dispositions, net		0	168	0
Other income (expense), net	138	(218)	267	(317)
Income (loss) before income tax	92	(32)	353	(3)
Income tax (expense) recovery
Current	(267)	(75)	(393)	(154)
Deferred	216	387	284	427
Net income (loss)	41	280	244	270	[1]
Attributable to:
Limited partners	(16)	47	9	55
Non-controlling interests attributable to:
Redemption-exchange units	(16)	44	8	51
Special limited partner	0	0	0	0
BBUC exchangeable shares	(16)	46	9	47
Preferred securities	22	0	44	0
Interest of others in operating subsidiaries	67	143	174	117
Net income (loss)	$ 41	$ 280	$ 244	$ 270	[1]
Basic earnings (loss) per limited partner unit (in usd per share)	$ (0.22)	$ 0.62	$ 0.12	$ 0.72
Diluted earnings (loss) per limited partner unit (in dollars per share)	$ (0.22)	$ 0.62	$ 0.12	$ 0.72

[1]As adjusted to reflect the adoption of IFRS 17. See Note 2(b) for further details.

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, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Statement of comprehensive income [abstract]
Net income (loss)	$ 41	$ 280	$ 244	$ 270	[1]
Items that may be reclassified subsequently to profit or loss:
Fair value through other comprehensive income	(10)	(143)	56	(323)
Insurance finance reserve	(4)	40	0	49
Foreign currency translation	142	(820)	238	(453)
Net investment and cash flow hedges	79	346	(52)	368
Equity accounted investments	(1)	(1)	(1)	(1)
Taxes on the above items	(19)	(2)	(12)	42
Reclassification to profit or loss	(13)	30	(26)	42
Other comprehensive income that will be reclassified to profit or loss, net of tax	174	(550)	203	(276)
Items that will not be reclassified subsequently to profit or loss:
Fair value through other comprehensive income	37	(153)	91	(269)
Taxes on the above item	1	10	(1)	13
Total other comprehensive income	212	(693)	293	(532)
Comprehensive income (loss)	253	(413)	537	(262)
Attributable to:
Limited partners	(1)	(31)	31	(9)
Non-controlling interests attributable to:
Redemption-exchange units	(2)	(29)	29	(8)
Special limited partner	0	0	0	0
BBUC exchangeable shares	(2)	(29)	30	(26)
Preferred securities	22	0	44	0
Interest of others in operating subsidiaries	236	(324)	403	(219)
Comprehensive income (loss)	$ 253	$ (413)	$ 537	$ (262)

[1]As adjusted to reflect the adoption of IFRS 17. See Note 2(b) for further details.

UNAUDITED INTERIM CONDENSED C_4

UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($) $ in Millions		Total		Cumulative Effect, Period of Adoption, Adjustment	[1]	Cumulative Effect, Period of Adoption, Adjusted Balance	[1]	Limited partners		Limited partners Cumulative Effect, Period of Adoption, Adjustment	[1]	Limited partners Cumulative Effect, Period of Adoption, Adjusted Balance	[1]	Redemption- exchange units		Redemption- exchange units Cumulative Effect, Period of Adoption, Adjustment	[1]	Redemption- exchange units Cumulative Effect, Period of Adoption, Adjusted Balance	[1]	Special limited partner units	Special limited partner units Cumulative Effect, Period of Adoption, Adjusted Balance	[1]	Capital Limited partners	Capital Limited partners Cumulative Effect, Period of Adoption, Adjusted Balance	[1]	Retained earnings Limited partners		Retained earnings Limited partners Cumulative Effect, Period of Adoption, Adjustment	[1]	Retained earnings Limited partners Cumulative Effect, Period of Adoption, Adjusted Balance	[1]	Ownership changes Limited partners		Ownership changes Limited partners Cumulative Effect, Period of Adoption, Adjusted Balance	[1]	Accumulated other comprehensive income (loss) Limited partners	Accumulated other comprehensive income (loss) Limited partners Cumulative Effect, Period of Adoption, Adjustment	[1]	Accumulated other comprehensive income (loss) Limited partners Cumulative Effect, Period of Adoption, Adjusted Balance	[1]	Preferred securities	Preferred securities Cumulative Effect, Period of Adoption, Adjusted Balance	[1]	BBUC exchangeable shares		BBUC exchangeable shares Cumulative Effect, Period of Adoption, Adjustment	[1]	BBUC exchangeable shares Cumulative Effect, Period of Adoption, Adjusted Balance	[1]	Interest of others in operating subsidiaries		Interest of others in operating subsidiaries Cumulative Effect, Period of Adoption, Adjustment	[1]	Interest of others in operating subsidiaries Cumulative Effect, Period of Adoption, Adjusted Balance	[1]
Beginning balance at Dec. 31, 2021		$ 13,000		$ 17		$ 13,017		$ 2,252		$ 2		$ 2,254		$ 2,011		$ 2		$ 2,013			$ 0		$ 2,192	$ 2,192		$ 63		$ 1		$ 64		$ 150		$ 150		$ (153)	$ 1		$ (152)		$ 15	$ 15		$ 0		$ 1		$ 1		$ 8,722		$ 12		$ 8,734
Net income (loss)		270	[2]					55						51												55																		47						117
Other comprehensive income (loss)		(532)						(64)						(59)																						(64)								(73)						(336)
Comprehensive income (loss)		(262)						(9)						(8)						$ 0						55										(64)								(26)						(219)
Contributions		865																																																865
Distributions	[3]	(1,474)						(9)						(9)												(9)																		(5)						(1,451)
Ownership changes	[4]	121						(2)						10												11						(17)				4								(1)						114
Unit repurchases	[3]	(78)						(78)															(78)
Issuance of BBUC exchangeable shares	[5]	0						(739)						(680)																		(786)				47								1,419
Acquisition of interest	[6]	1,850																																																1,850
Ending balance at Jun. 30, 2022	[1]	14,039						1,417						1,326						0			2,114			121						(653)				(165)					15			1,388						9,893
Beginning balance at Dec. 31, 2022		18,429						1,408						1,318						0			2,114			97						(660)				(143)					1,490			1,378						12,835
Net income (loss)		244						9						8												9															44			9						174
Other comprehensive income (loss)		293						22						21																						22								21						229
Comprehensive income (loss)		537						31						29												9										22					44			30						403
Contributions		1,002																																																1,002
Distributions	[3]	(1,290)						(10)						(8)												(10)															(44)			(9)						(1,219)
Ownership changes		214	[4]					27	[4]					21	[4]											(11)	[4]					38	[4]			0								25	[4]					141	[4]
Ending balance at Jun. 30, 2023		$ 18,892						$ 1,456						$ 1,360						$ 0			$ 2,114			$ 85						$ (622)				$ (121)					$ 1,490			$ 1,424						$ 13,162

[1]As adjusted to reflect the adoption of IFRS 17. See Note 2(b) for further details.[2]As adjusted to reflect the adoption of IFRS 17. See Note 2(b) for further details.[3]See Note 19 for additional information on distributions and Unit repurchases.[4]Includes gains or losses on changes in ownership interests of consolidated subsidiaries.[5]See Note 2 and Note 19 for additional information on BBUC exchangeable shares.[6]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, 2023	Jun. 30, 2022	[1]
Operating Activities
Net income (loss)	$ 244	$ 270
Adjusted for the following items:
Equity accounted earnings, net of distributions	36	1
Impairment expense (reversal), net	7	(78)
Depreciation and amortization expense	1,807	1,470
Gain on acquisitions/dispositions, net	(168)	0
Provisions and other items	(608)	339
Deferred income tax expense (recovery)	(284)	(427)
Changes in non-cash working capital, net	(474)	(1,351)
Cash from (used in) operating activities	560	224
Financing Activities
Proceeds from non-recourse subsidiary borrowings of the partnership	7,376	11,366
Repayment of non-recourse subsidiary borrowings of the partnership	(7,065)	(4,082)
Proceeds from corporate borrowings	270	651
Repayment of corporate borrowings	(380)	(290)
Proceeds from other financing	53	23
Repayment of other financing	(73)	(50)
Proceeds from (repayment of) other credit facilities, net	(63)	265
Lease liability repayment	(194)	(185)
Capital provided by others who have interests in operating subsidiaries	1,439	2,787
Partnership units repurchased	0	(78)
Distributions to limited partners, Redemption-Exchange unitholders and BBUC exchangeable shareholders	(28)	(23)
Distributions to preferred securities holders	(48)	0
Distributions to Special limited partner	0	(78)
Distributions and capital paid to others who have interests in operating subsidiaries	(1,389)	(1,447)
Cash from (used in) financing activities	(102)	8,859
Acquisitions
Subsidiaries, net of cash acquired	(517)	(7,657)
Property, plant and equipment and intangible assets	(991)	(791)
Equity accounted investments	(8)	(126)
Financial assets and other	(1,332)	(1,730)
Dispositions
Subsidiaries, net of cash disposed	771	0
Property, plant and equipment and intangible assets	45	51
Financial assets and other	1,689	1,777
Net settlement of derivative assets and liabilities	(33)	141
Restricted cash and deposits	39	(880)
Cash from (used in) investing activities	(337)	(9,215)
Cash and cash equivalents
Change during the period	121	(132)
Impact of foreign exchange	70	(57)
Net change in cash classified within assets held for sale	(39)	0
Balance, beginning of year	2,870	2,588
Balance, end of period	$ 3,022	$ 2,399

[1]As adjusted to reflect the adoption of IFRS 17. See Note 2(b) for further details.

NATURE AND DESCRIPTION OF THE P

NATURE AND DESCRIPTION OF THE PARTNERSHIP	6 Months Ended
NATURE AND DESCRIPTION OF THE PARTNERSHIP	Jun. 30, 2023
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 business 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 Corporation, formerly Brookfield Asset Management Inc. (“Brookfield Corporation” or together with its controlled subsidiaries, excluding the partnership, “Brookfield”), is the ultimate parent of the partnership. 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 business services and industrial 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. The partnership’s principal operations include business services operations, such as a residential mortgage insurer, healthcare services, construction operations and dealer software and technology services operations. The partnership’s principal industrial operations include advanced energy storage operations and engineered components manufacturing operations. The partnership’s operations also include infrastructure services which comprise nuclear technology services operations, offshore oil services operations, modular building leasing services operations and lottery services operations. The partnership’s operations are primarily located in Canada, the U.K., the United States and Brazil. 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 BBUC exchangeable shares are listed on the NYSE and the TSX under the symbol “BBUC”.

MATERIAL ACCOUNTING POLICY INFO

MATERIAL ACCOUNTING POLICY INFORMATION	6 Months Ended
MATERIAL ACCOUNTING POLICY INFORMATION	Jun. 30, 2023
Corporate information and statement of IFRS compliance [abstract]
MATERIAL ACCOUNTING POLICY INFORMATION	MATERIAL ACCOUNTING POLICY INFORMATION (a) Basis of presentation These unaudited interim condensed consolidated financial statements of the partnership have been prepared in accordance with IAS 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, 2022, 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, 2022 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 (the “General Partner”), on behalf of the partnership, and authorized for issue on August 8, 2023. (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 as at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period of the financial statements 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, 2022. 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, 2022. (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, 2023. (i) IFRS 17 - Insurance Contracts (“IFRS 17”) The partnership adopted IFRS 17 effective January 1, 2023. IFRS 17 establishes principles for the recognition, measurement, presentation and disclosure of insurance contracts. It replaces IFRS 4, Insurance Contracts (“IFRS 4”) and related interpretations. The adoption of IFRS 17 only impacted the reported results of the partnership’s residential mortgage insurer. The partnership applied the full retrospective approach to insurance contracts issued on or after January 1, 2020. For groups of contracts issued in 2019 and prior years, the partnership has determined that it is impracticable to apply the full retrospective approach and has elected to apply the fair value approach. As a result, the comparative period has been adjusted and the transition impact of $17 million has been recorded as an increase to opening equity on January 1, 2022 (the “IFRS 17 adoption”). The impact of the IFRS 17 adoption to the unaudited interim condensed consolidated statement of financial position as at December 31, 2022 was a decrease to other assets of $153 million and a decrease to intangible assets of $95 million, primarily due to the derecognition of balances associated with IFRS 4 concepts, and a decrease to accounts payable and other of $199 million primarily due to measurement differences under IFRS 17. The impact of the IFRS 17 adoption to the unaudited interim condensed consolidated statement of operating results for the three and six months ended June 30, 2022 was a decrease to revenues of $19 million and $64 million, an increase to direct operating costs of $4 million and $nil, a decrease to general and administrative expenses of $4 million and $6 million, and an increase to deferred tax recovery of $5 million and $15 million. The impact to net income resulted in a decrease to basic and diluted earnings per limited partner unit of $0.03 and $0.11 per unit. The impact of the IFRS 17 adoption to the unaudited interim condensed consolidated statement of comprehensive income for the three and six months ended June 30, 2022 was the recognition of the insurance finance reserve of $40 million and $49 million, and a decrease to deferred tax recovery of $11 million and $13 million. While IFRS 17 changes the timing of earnings recognition, as well as presentation and disclosure of insurance contracts, cash flows generated by the partnership are not impacted. As a result, the adoption of IFRS 17 does not have a material impact on the business. The partnership’s accounting policy for insurance contracts in accordance with IFRS 17 is detailed below. Material accounting policies - Insurance contracts The partnership’s insurance policies are classified as contracts without direct participating features and are measured using the general measurement approach under IFRS 17. The measurement approach is based on estimates of the present value of future cash flows that are expected to arise as the partnership fulfills the contracts, an explicit risk adjustment for non-financial risks and a contractual service margin. The risk adjustment for non-financial risk reflects the compensation that the insurer requires for bearing uncertainty about the amount and timing of cash flows. Estimates of the present value of future cash flows and a risk adjustment for non-financial risk are together referred to as fulfillment cash flows. The contractual service margin represents the unearned profit that is recognized as revenue systematically over the coverage period as insurance services are provided. Mortgage insurance revenues earned in each reporting period primarily represents the changes in the liabilities for remaining coverage that relate to insurance contract services provided during the period and an allocation of premiums that relates to recovering insurance acquisition cash flows. For all periods presented, insurance revenues earned from insurance contracts are included under revenues in the consolidated statement of operating results. The insurance liabilities are included in accounts payable and other, on the unaudited interim condensed consolidated statement of financial position and the carrying amount at each reporting date is the sum of the liability for remaining coverage and the liability for incurred claims. (a) Liability for remaining coverage At inception of the insurance contract, a liability for remaining coverage is established which comprises the fulfillment cash flows related to services that will be provided in future periods and the remaining contractual service margin at that date. If the fulfillment cash flows from a contract at the date of initial recognition are a net outflow, then the contract is considered onerous. A loss from onerous insurance contracts is recognized immediately in the consolidated statement of operating results. All acquisition cash flows are included in the measurement of fulfillment cash flows and recognized within the insurance liabilities. All cash flows are discounted using a market-based discount rate selected through a top-down approach that reflects the characteristics of the insurance liabilities. The partnership has elected to disaggregate insurance finance expense between amounts included in income and amounts included in other comprehensive income (“OCI”). Interest accretion is recognized as insurance finance expense in income while effect of changes in discount rates is recognized as insurance finance expense in OCI. The risk adjustment has been determined using a confidence level technique. The contractual service margin is recognized in income to reflect services provided in each reporting period based on the number of coverage units provided during the period, which is determined by considering, for each contract, the quantity of the benefits provided and its expected coverage period. The coverage units are reviewed and updated at each reporting date. The insurer determines the quantity of the benefits provided under its insurance contracts on the basis of Loss Given Default, which is defined as outstanding mortgage principal balance and expected costs of foreclosure, less the expected value of the property securing the claim. (b) Liability for incurred claims The liability for incurred claims includes the fulfillment cash flows for incurred claims and expenses that have not yet been paid, including claims that have been incurred but not yet reported. Fulfillment cash flows include the cost of settling claims and cash flows from expected recovery of real estate in the event of default by borrowers (both reported and unreported) that have occurred on or before each reporting date, discounted to consider the time value of money using a market-based discount rate. The liability also incorporates a risk adjustment for non-financial risk using actuarially determined risk factors. Critical judgments and estimates in applying IFRS 17 The partnership has applied critical judgments and estimates in the application of IFRS 17, including: (i) estimates and underlying assumptions in determining fulfillment cash flows related to the liability for remaining coverage; (ii) discount rate used to account for time value of money for all cash flows; (iii) the estimated risk adjustment for non-financial risk; (iv) timing of revenue recognition for the liability for remaining coverage; (v) estimated cash flows for settling claims; and (vi) estimated recoveries including recoveries from real estate included in the liability for incurred claims, based on third party property appraisals or other types of third party valuations deemed to be appropriate for a particular property in the event of default. (ii) Amendments to IAS 12 Income taxes (“IAS 12”) In May 2021, IAS 12 was amended to 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 partnership adopted these amendments on January 1, 2023 and the adoption did not have a material impact on the partnership’s unaudited interim condensed consolidated financial statements. In May 2023, IAS 12 was amended to clarify requirements relating to International Tax Reform - Pillar Two model rules. The amendments (i) introduce a temporary exception to the accounting for deferred taxes arising from the implementation of the Pillar Two model rules published by the Organization for Economic Co-operation and Development (“OECD”) and (ii) require additional disclosures. The amendments became effective immediately upon their issue and retrospectively in accordance with IAS 8, Accounting Policies, Changes in Accounting Estimates and Errors. The partnership adopted these amendments for the fiscal period beginning January 1, 2023 and elected to apply the temporary exception to the accounting requirements for deferred taxes related to Pillar Two income taxes. The adoption did not have an impact on the partnership’s unaudited interim condensed consolidated financial statements. (iii) Amendments to IAS 1 Presentation of financial statements (“IAS 1”) The amendments aim to provide accounting policy disclosures that are more useful by replacing the requirement to disclose ‘significant’ accounting policies with a requirement to disclose ‘material’ accounting policies and adding guidance on how to apply the concept of materiality in making decisions about accounting policy disclosures. The partnership adopted these amendments on January 1, 2023 and the adoption did not have a material impact on the partnership’s unaudited interim condensed consolidated financial statements. (c) Future changes in accounting policies (i) 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, 2024. The partnership is currently assessing the impact of these amendments. There are currently no other future changes to IFRS with expected material impacts on the partnership.

ACQUISITION OF BUSINESSES

ACQUISITION OF BUSINESSES	6 Months Ended
ACQUISITION OF BUSINESSES	Jun. 30, 2023
Business Combinations 1 [Abstract]
ACQUISITION OF BUSINESSES	ACQUISITION OF BUSINESSES When 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 identifiable tangible and intangible assets and liabilities are recognized and measured on the basis of the estimated fair values at the date of acquisition. (a) Acquisitions completed in the six months ended June 30, 2023 Mobile Mini Solutions (“Mobile Mini”) On January 31, 2023, the partnership’s modular building leasing services operations acquired a 100% economic interest in Mobile Mini, a provider of portable storage solutions in the U.K., for total consideration of $419 million, funded with debt and equity. The partnership received 100% of the voting rights in Mobile Mini, which provided the partnership with control, and accordingly, the partnership has consolidated the business for financial reporting purposes. The fair values of acquired assets, assumed liabilities and goodwill for the acquisition have been determined on a preliminary basis at the end of the reporting period. Goodwill of $166 million was recognized and represents growth the partnership expects to experience from the operations. The goodwill recognized was not deductible for income tax purposes. Customer relationship intangible assets of $53 million, property, plant and equipment of $255 million and other net liabilities of $55 million were acquired as part of the transaction. Transaction costs of approximately $10 million were recorded as other expenses in the unaudited interim condensed consolidated statements of operating results. (b) Acquisitions completed in 2022 The following table summarizes the consideration transferred, assets acquired, liabilities assumed and non-controlling interests recognized at the applicable acquisition dates for significant acquisitions. The consideration transferred reflects the partnership’s equity contribution, debt and equity raised alongside institutional partners to fund the acquisition, contingent and other non-cash consideration: (US$ MILLIONS) Business services Infrastructure services Industrials Total (1) Cash $ 10,381 $ 6,488 $ 659 $ 17,528 Contingent and other non-cash consideration 491 29 225 745 Total consideration $ 10,872 $ 6,517 $ 884 $ 18,273 Cash and cash equivalents $ 739 $ 76 $ 14 $ 829 Accounts receivable and other, net 523 456 36 1,015 Inventory, net 15 169 117 301 Property, plant and equipment 774 364 42 1,180 Intangible assets 5,727 4,373 356 10,456 Goodwill 5,544 1,499 378 7,421 Deferred income tax assets 1 — — 1 Financial assets 4,542 4 — 4,546 Equity accounted investments and other assets 426 309 1 736 Accounts payable and other (1,460) (451) (46) (1,957) Non-recourse borrowings in subsidiaries of the partnership (4,543) — — (4,543) Deferred income tax liabilities (1,337) (282) (14) (1,633) Net assets acquired before non-controlling interests $ 10,951 $ 6,517 $ 884 $ 18,352 Non-controlling interests acquired (79) — — (79) Net assets acquired $ 10,872 $ 6,517 $ 884 $ 18,273 ____________________________________ (1) The fair values of acquired assets, assumed liabilities and goodwill for acquisitions completed within the last 12 months have been determined on a provisional basis pending finalization of the determination of the fair values of certain acquired assets and liabilities. The partnership is in the process of obtaining additional information to assess the fair values of property, plant and equipment, intangible assets, provisions, related deferred income taxes and the resulting impact to goodwill as at the date of the acquisitions. 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, funded with debt, equity, non-cash and contingent consideration. 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 $384 million was recognized and represents growth the partnership expects to experience from the operations. The goodwill recognized was not deductible for income tax purposes. Intangible assets of $655 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 $14 million of other net liabilities. Transaction costs of approximately $8 million were recorded as other expenses in the 2022 consolidated statements of operating results. CDK Global, Inc. (“CDK Global”) On July 6, 2022, the partnership, together with institutional partners, acquired a 100% economic interest in CDK Global, a provider of technology services and software solutions to automotive dealers. Total consideration was $8.3 billion, funded with debt and equity. 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 $4.6 billion was recognized and represents growth the partnership expects to experience from the operations. The goodwill recognized was not deductible for income tax purposes. Intangible assets acquired comprise a customer relationship asset of $3.8 billion with a useful life of 15 years, developed technology of $0.7 billion with a useful life of 3-5 years, and a brand intangible asset of $0.3 billion with a useful life of 15 years. Other items included $301 million of cash and cash equivalents, $377 million of accounts receivable and other, $953 million of accounts payable and other, $1.1 billion of deferred tax liabilities and $361 million of other net assets. Transaction costs of approximately $15 million were recorded as other expenses in the 2022 consolidated statements of operating results. Non-controlling interests of $81 million were recognized and measured at fair value. The acquired customer relationship intangible was valued with significant inputs of revenue growth rates, customer attrition rates, and a discount rate determined using a capital asset pricing model. The useful life of 15 years represents the pattern of economic benefits realized by the business, primarily due to the low customer attrition rate observed, and reflects the period of time over which the majority of the cumulative present value of cash flows from the intangible asset would be realized, and after which any remaining forward-looking cash flows from the asset were determined to be de minimis in present value terms. Magnati - Sole Proprietorship LLC (“Magnati”) On August 8, 2022, the partnership, together with institutional partners, acquired a 60% economic interest in Magnati, a technology-enabled services provider in the payment processing space. Total consideration for the business was $763 million, funded with debt and equity and included contingent consideration payable to the former shareholder if certain performance targets are met and non-cash consideration from the former shareholder for retention of their 40% economic interest. The partnership received 60% of the voting rights in Magnati, which provided the partnership with control, and accordingly, the partnership has consolidated the business for financial reporting purposes. Goodwill of $500 million was recognized and represents growth the partnership expects to experience from the operations. The goodwill recognized was not deductible for income tax purposes. Intangible assets of $226 million were acquired as part of the transaction, comprising customer relationships, trade name and service contracts. Other items include $345 million of financial assets and $308 million of other net liabilities. Transaction costs of approximately $3 million were recorded as other expenses in the 2022 consolidated statements of operating results. Unidas Locadora S.A. (“Unidas”) On October 1, 2022, the partnership, together with institutional partners, acquired a 100% economic interest in Unidas, a leading full-service car rental business in Brazil. Total consideration was $731 million, funded with debt, equity, non-cash and contingent consideration. 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 $103 million was recognized and represents growth the partnership expects to experience from the operations. Other items include $664 million of property, plant and equipment primarily related to the fleet of rental cars and $36 million of other net liabilities. Transaction costs of approximately $1 million were recorded as other expenses in the 2022 consolidated statements of operating results. 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 with capabilities in game design, distribution, systems and terminals and turnkey technology solutions. Total consideration was $5.8 billion, comprising debt and equity. 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 $1.2 billion was recognized and represents growth the partnership expects to experience from the operations. The goodwill recognized was not deductible for income tax purposes. Intangible assets acquired comprise a customer relationship asset of $2.8 billion with a useful life of 20 years, a brand intangible asset of $1.0 billion with an indefinite useful life, and software of $0.2 billion. Other items include $555 million of other net assets. Transaction costs of approximately $16 million were recorded as other expenses in the 2022 consolidated statements of operating results. The acquired customer relationship intangible was valued with significant inputs of revenue growth rates, customer attrition rates, and a discount rate determined using a capital asset pricing model. The useful life of 20 years represents the pattern of economic benefits realized by the business, primarily due to the low customer attrition rate observed, and reflects the period of time over which the majority of the cumulative present value of cash flows from the intangible asset would be realized, and after which any remaining forward-looking cash flows from the asset were determined to be de minimis in present value terms. The acquired brand intangible was valued using a relief from royalty method with significant inputs of revenue growth rates, royalty rates and a discount rate determined using a capital asset pricing model. The lottery services business has significant historical experience using the brand and intends to continue using the brand in the long-term. The partnership has determined the asset to have an indefinite life as there is no foreseeable limit to the period that this asset is expected to generate cash flows. BHI Energy, Inc. (“BHI Energy”) On May 27, 2022, the partnership’s nuclear technology services operations acquired a 100% economic interest in BHI Energy for total consideration of $737 million. The partnership received 100% of the 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. Goodwill of $257 million was recognized, of which $68 million was deductible for tax purposes and represents growth the partnership’s nuclear technology services operations expect to experience from the operations. Intangible assets of $390 million were acquired as part of the transaction, comprising customer relationships and brand names. Other items include $90 million of other net assets. Transaction costs of approximately $8 million were recorded as other expenses in the 2022 consolidated statements of operating results. Industrials TexTrail Inc. (“TexTrail”) On October 5, 2022, the partnership, together with institutional partners, acquired a 100% economic interest in TexTrail, a leading distributor of axles and trailer components. Total consideration was $884 million, funded with debt and equity. The partnership received 100% of the voting rights through its engineered components manufacturing operations, which provided the partnership with control, and accordingly, the partnership has consolidated the business for financial reporting purposes. Goodwill of $378 million was recognized, of which $319 million was deductible for tax purposes and represents growth the partnership expects to experience from the operations. Intangible assets of $356 million were acquired as part of the transaction which primarily comprised customer relationships, trade names and trademarks. Other items include $150 million of other net assets. Transaction costs of approximately $6 million were recorded as other expenses in the 2022 consolidated statements of operating results.

FAIR VALUE OF FINANCIAL INSTRUM

FAIR VALUE OF FINANCIAL INSTRUMENTS	6 Months Ended
FAIR VALUE OF FINANCIAL INSTRUMENTS	Jun. 30, 2023
Fair Value Measurement [Abstract]
FAIR VALUE OF FINANCIAL INSTRUMENTS	FAIR VALUE OF FINANCIAL INSTRUMENTS The fair value of a financial instrument is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair values are determined by reference to quoted bid or ask prices, as appropriate. Where bid and ask prices are unavailable, the closing price of the most recent transaction of that instrument is used. In the absence of an active market, fair values are determined based on prevailing market rates such as bid and ask prices, as appropriate, for instruments with similar characteristics and risk profiles or internal or external valuation models, such as option pricing models and discounted cash flow analysis, using observable market inputs when available. Fair values determined using valuation models require the use of assumptions concerning the amount and timing of estimated future cash flows and discount rates. In determining those assumptions, the partnership looks primarily to external readily observable market inputs such as interest rate yield curves, currency rates and price and rate volatility, as applicable. The following table provides the details of financial instruments and their associated financial instrument classifications as at June 30, 2023: (US$ MILLIONS) MEASUREMENT BASIS FVTPL FVOCI Amortized cost Total Financial assets Cash and cash equivalents $ — $ — $ 3,022 $ 3,022 Accounts and other receivable, net (current and non-current) — — 7,188 7,188 Other assets (current and non-current) (1) — — 548 548 Financial assets (current and non-current) (2) 906 5,646 6,877 13,429 Total $ 906 $ 5,646 $ 17,635 $ 24,187 Financial liabilities Accounts payable and other (current and non-current) (2) (3) $ 778 $ 347 $ 11,596 $ 12,721 Borrowings (current and non-current) — — 46,898 46,898 Total $ 778 $ 347 $ 58,494 $ 59,619 ____________________________________ (1) Excludes prepayments, assets held for sale and other non-financial assets of $2,770 million. (2) FVOCI includes $534 million of derivative assets and $347 million of derivative liabilities designated in hedge accounting relationships. Refer to Hedging Activities in Note 4 (a) below. (3) Includes derivative liabilities, and excludes liabilities associated with assets held for sale, provisions, decommissioning liabilities, deferred revenue, insurance contract liabilities, work in progress, post-employment benefits and other liabilities of $8,242 million. Included in cash and cash equivalents as at June 30, 2023 was $2,113 million of cash (December 31, 2022: $2,229 million ) and $909 million of cash equivalents (December 31, 2022: $641 million ). Included in financial assets (current and non-current) as at June 30, 2023 was $874 million (December 31, 2022: $1,136 million ) of equity instruments and $4,238 million (December 31, 2022: $4,031 million ) of debt instruments designated as measured at fair value through other comprehensive income. The following table provides the details of financial instruments and their associated financial instrument classifications as at December 31, 2022: (US$ MILLIONS) MEASUREMENT BASIS FVTPL FVOCI Amortized cost Total Financial assets Cash and cash equivalents $ — $ — $ 2,870 $ 2,870 Accounts and other receivable, net (current and non-current) — — 7,278 7,278 Other assets (current and non-current) (1) — — 469 469 Financial assets (current and non-current) (2) 960 5,585 6,363 12,908 Total $ 960 $ 5,585 $ 16,980 $ 23,525 Financial liabilities Accounts payable and other (2)(3) $ 818 $ 223 $ 11,700 $ 12,741 Borrowings (current and non-current) — — 46,693 46,693 Total $ 818 $ 223 $ 58,393 $ 59,434 ____________________________________ (1) Excludes prepayments, assets held for sale and other non-financial assets of $1,904 million. (2) FVOCI includes $418 million of derivative assets and $223 million of derivative liabilities designated in hedge accounting relationships. Refer to Hedging Activities in Note 4(a) below. (3) Includes derivative liabilities and excludes provisions, decommissioning liabilities, deferred revenues, insurance liabilities, work in progress, post-employment benefits, liabilities associated with assets held for sale and various taxes and duties of $7,689 million. (a) Hedging activities Derivative instruments not designated in a hedging relationship are classified as FVTPL, with changes in fair value recognized in the unaudited interim condensed consolidated statements of operating results. 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, 2023, a pre-tax net loss of $81 million and $154 million , respectively (June 30, 2022: net gain of $332 million and $233 million , respectively) was recorded in other comprehensive income for the effective portion of hedges of net investments in foreign operations. As at June 30, 2023, there was a derivative asset balance of $29 million (December 31, 2022: $29 million) and a derivative liability balance of $229 million (December 31, 2022: $101 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, 2023, a pre-tax net gain of $160 million and $102 million , respectively (June 30, 2022: net gain of $14 million and $135 million , respectively) was recorded in other comprehensive income for the effective portion of cash flow hedges. As at June 30, 2023, there was a derivative asset balance of $505 million (December 31, 2022: $389 million ) and derivative liability balance of $118 million (December 31, 2022: $122 million ) relating to the derivative contracts designated as cash flow hedges. (b) Fair value hierarchical levels – financial instruments Level 3 assets and liabilities measured at fair value on a recurring basis include $658 million (December 31, 2022: $692 million ) of financial assets and $523 million (December 31, 2022: $589 million ) of financial liabilities, which are measured at fair value using valuation inputs based on management ’ s best estimates. The following table categorizes financial assets and liabilities, which are carried at fair value, based upon the level of input as at June 30, 2023 and December 31, 2022: June 30, 2023 December 31, 2022 (US$ MILLIONS) Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Financial assets Common shares $ 502 $ — $ — $ 736 $ — $ — Corporate and government bonds 49 3,520 — 91 3,266 — Derivative assets 3 756 — 12 628 — Other financial assets (1) 365 699 658 429 691 692 $ 919 $ 4,975 $ 658 $ 1,268 $ 4,585 $ 692 Financial liabilities Derivative liabilities $ 4 $ 598 $ 10 $ 7 $ 445 $ 17 Other financial liabilities (2) — — 513 — — 572 $ 4 $ 598 $ 523 $ 7 $ 445 $ 589 ____________________________________ (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 debt instruments. (2) Includes $483 million ( December 31, 2022 : $544 million) of contingent consideration payable between 2023 and 2024 in relation to the acquisition of subsidiaries. Refer to Note 3 for further information. There were no transfers between levels during the six months ended June 30, 2023. The following table presents the change in the balance of financial assets classified as Level 3 for the six-month period ended June 30, 2023 and the twelve-month period ended December 31, 2022: (US$ MILLIONS) June 30, 2023 December 31, 2022 Balance at beginning of period $ 692 $ 297 Fair value change recorded in net income 33 (9) Fair value change recorded in other comprehensive income (5) (5) Additions — 523 Dispositions (65) (111) Foreign currency translation and other 3 (3) Balance at end of period $ 658 $ 692 The following table presents the change in the balance of financial liabilities classified as Level 3 for the six-month period ended June 30, 2023 and the twelve-month period ended December 31, 2022: (US$ MILLIONS) June 30, 2023 December 31, 2022 Balance at beginning of period $ 589 $ 498 Fair value change recorded in net income (53) 12 Fair value change recorded in other comprehensive income (1) — Additions 21 408 Dispositions/settlements (49) (356) Foreign currency translation and other 16 27 Balance at end of period $ 523 $ 589

FINANCIAL ASSETS

FINANCIAL ASSETS	6 Months Ended
FINANCIAL ASSETS	Jun. 30, 2023
Financial Instruments [Abstract]
FINANCIAL ASSETS	FINANCIAL ASSETS (US$ MILLIONS) June 30, 2023 December 31, 2022 Current Marketable securities $ 1,139 $ 1,227 Restricted cash 184 214 Derivative assets 153 133 Loans and notes receivable 324 257 Other financial assets (1) 57 148 Total current $ 1,857 $ 1,979 Non-current Marketable securities $ 2,743 $ 2,682 Restricted cash 245 245 Derivative assets 606 507 Loans and notes receivable 6,010 5,500 Other financial assets (1) 1,968 1,995 Total non-current $ 11,572 $ 10,929 ____________________________________ (1) Other financial assets include secured debentures, asset-backed securities and convertible preferred shares.

ACCOUNTS AND OTHER RECEIVABLE,

ACCOUNTS AND OTHER RECEIVABLE, NET	6 Months Ended
ACCOUNTS AND OTHER RECEIVABLE, NET	Jun. 30, 2023
Subclassifications of assets, liabilities and equities [abstract]
ACCOUNTS AND OTHER RECEIVABLE, NET	ACCOUNTS AND OTHER RECEIVABLE, NET (US$ MILLIONS) June 30, 2023 December 31, 2022 Current, net $ 6,207 $ 6,401 Non-current, net Accounts receivable 134 126 Retainer on customer contract 84 70 Billing rights 763 681 Total non-current, net $ 981 $ 877 Total $ 7,188 $ 7,278 Non-current billing rights represent unbilled rights from 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 operations 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 and other receivable, net as at June 30, 2023 was $145 million (December 31, 2022: $142 million).

INVENTORY, NET

INVENTORY, NET	6 Months Ended
INVENTORY, NET	Jun. 30, 2023
Inventories [Abstract]
INVENTORY, NET	INVENTORY, NET (US$ MILLIONS) June 30, 2023 December 31, 2022 Raw materials and consumables $ 1,297 $ 1,485 Fuel products (1) 623 850 Work in progress 876 778 RTFO certificates 518 415 Finished goods and other (2) 1,652 1,658 Carrying amount of inventories $ 4,966 $ 5,186 ____________________________________ (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) Finished goods and other comprises finished goods inventory in the industrials segment.

DISPOSITIONS

DISPOSITIONS	6 Months Ended
DISPOSITIONS	Jun. 30, 2023
Disposal Of Noncurrent Assets [Abstract]
DISPOSITIONS	DISPOSITIONS (a) Dispositions completed in the six months ended June 30, 2023 Business Services - Dealer software and technology services operations On May 1, 2023, th e partnership’s dealer software and technology services operations completed the sale of its non-core division servicing the heavy equipment sector for total consideration of approximately $490 million , resulting in a gain of $87 million recorded in the unaudited interim condensed consolidated statements of operating results, included in gain (loss) on acquisitions/dispositions, net. Business Services - Real estate services operations On March 31, 2023 , the partnership completed the sale of its residential property management operations , resulting in a gain of $67 million recorded in the unaudited interim condensed consolidated statements of operating results, included in gain (loss) on acquisitions/dispositions, net . Infrastructure Services - Power delivery business During February 2023, th e partnership’s nuclear technology services operations completed the sale of its power delivery business for gross proceeds of approximately $275 million, resulting in a gain of $14 million recorded in the unaudited interim condensed consolidated statements of operating results, included in gain (loss) on acquisitions/dispositions, net. (b) Dispositions completed in the 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 of operations in the unaudited interim condensed consolidated statements of operating results.

OTHER ASSETS

OTHER ASSETS	6 Months Ended
OTHER ASSETS	Jun. 30, 2023
Subclassifications of assets, liabilities and equities [abstract]
OTHER ASSETS	OTHER ASSETS (US$ MILLIONS) June 30, 2023 December 31, 2022 Current Work in progress (1) $ 548 $ 469 Prepayments and other assets 1,169 1,039 Assets held for sale (2) 1,021 350 Total current $ 2,738 $ 1,858 Non-current Prepayments and other assets $ 580 $ 515 Total non-current $ 580 $ 515 ____________________________________ (1) See Note 15 for additional information. (2) Assets held for sale as at June 30, 2023 i ncludes the North American retail gas station assets of the partnership’s road fuels operations and a majority of the assets within the partnership’s automotive aftermarket parts remanufacturing operations.

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT	6 Months Ended
PROPERTY, PLANT AND EQUIPMENT	Jun. 30, 2023
Property, plant and equipment [abstract]
PROPERTY, PLANT AND EQUIPMENT	PROPERTY, PLANT AND EQUIPMENT The following table presents the change in the balance of property, plant and equipment for the six-month period ended June 30, 2023 and the twelve-month period ended December 31, 2022: (US$ MILLIONS) June 30, 2023 December 31, 2022 Gross carrying amount Balance at beginning of period $ 21,980 $ 20,342 Additions (cash and non-cash) 1,395 2,110 Dispositions (443) (466) Acquisitions through business combinations (1) 255 1,241 Assets reclassified as held for sale (2) (441) (287) Foreign currency translation and other 262 (960) Balance at end of period $ 23,008 $ 21,980 Accumulated depreciation and impairment Balance at beginning of period $ (6,087) $ (5,017) Depreciation/depletion/impairment expense (932) (1,626) Dispositions 170 245 Assets reclassified as held for sale (2) 224 149 Foreign currency translation and other (87) 162 Balance at end of period $ (6,712) $ (6,087) Net book value (3) $ 16,296 $ 15,893 ____________________________________ (1) See Note 3 for additional information. (2) See Note 9 for additional information. (3) Includes right-of-use assets of $1,456 million as at June 30, 2023 (December 31, 2022: $1,490 million).

INTANGIBLE ASSETS

INTANGIBLE ASSETS	6 Months Ended
INTANGIBLE ASSETS	Jun. 30, 2023
Intangible Assets [Abstract]
INTANGIBLE ASSETS	INTANGIBLE ASSETS The following table presents the change in the balance of intangible assets for the six-month period ended June 30, 2023 and twelve-month period ended December 31, 2022: (US$ MILLIONS) June 30, 2023 December 31, 2022 Gross carrying amount Balance at beginning of period $ 27,568 $ 17,128 Changes in accounting policy (1) — (225) Additions 304 542 Acquisitions through business combinations (2) 69 10,581 Dispositions (336) (15) Assets reclassified as held for sale (3) (204) (159) Foreign currency translation 396 (284) Balance at end of period $ 27,797 $ 27,568 Accumulated amortization and impairment Balance at beginning of period $ (3,615) $ (2,322) Changes in accounting policy (1) — 126 Amortization and impairment expense (882) (1,503) Dispositions 79 7 Assets reclassified as held for sale (3) 85 29 Foreign currency translation (70) 48 Balance at end of period $ (4,403) $ (3,615) Net book value $ 23,394 $ 23,953 ____________________________________ (1) See Note 2(b) for additional information. (2) See Note 3 for additional information. (3) See Note 9 for additional information.

GOODWILL

GOODWILL	6 Months Ended
GOODWILL	Jun. 30, 2023
Intangible Assets [Abstract]
GOODWILL	GOODWILL The following table presents the change in the balance of goodwill for the six-month period ended June 30, 2023 and the twelve-month period ended December 31, 2022: (US$ MILLIONS) June 30, 2023 December 31, 2022 Balance at beginning of period $ 15,479 $ 8,585 Acquisitions through business combinations (1) 164 7,446 Impairment — (111) Dispositions (142) (3) Assets reclassified as held for sale (2) (218) (11) Foreign currency translation 86 (427) Balance at end of period $ 15,369 $ 15,479 ____________________________________ (1) See Note 3 for additional information. (2) See Note 9 for additional information.

EQUITY ACCOUNTED INVESTMENTS

EQUITY ACCOUNTED INVESTMENTS	6 Months Ended
EQUITY ACCOUNTED INVESTMENTS	Jun. 30, 2023
Interests In Other Entities [Abstract]
EQUITY ACCOUNTED INVESTMENTS	EQUITY ACCOUNTED INVESTMENTS The following table presents the change in the balance of equity accounted investments for the six-month period ended June 30, 2023 and twelve-month period ended December 31, 2022: (US$ MILLIONS) June 30, 2023 December 31, 2022 Balance at beginning of period $ 2,065 $ 1,480 Acquisitions through business combinations — 461 Additions 10 134 Share of net income (loss) 53 165 Share of other comprehensive income (loss) (1) 2 Distributions received (89) (167) Foreign currency translation 12 (10) Balance at end of period $ 2,050 $ 2,065

ACCOUNTS PAYABLE AND OTHER

ACCOUNTS PAYABLE AND OTHER	6 Months Ended
ACCOUNTS PAYABLE AND OTHER	Jun. 30, 2023
Subclassifications of assets, liabilities and equities [abstract]
ACCOUNTS PAYABLE AND OTHER	ACCOUNTS PAYABLE AND OTHER (US$ MILLIONS) June 30, 2023 December 31, 2022 Current Accounts payable $ 4,508 $ 4,099 Accrued and other liabilities (1) (2) 5,616 5,792 Lease liabilities 304 332 Financial liabilities (3) 290 352 Insurance liabilities 396 357 Work in progress (4) 1,312 1,175 Provisions and decommissioning liabilities 736 770 Liabilities associated with assets held for sale 474 42 Total current $ 13,636 $ 12,919 Non-current Accounts payable $ 98 $ 90 Accrued and other liabilities (2) 1,589 1,623 Lease liabilities 1,227 1,274 Financial liabilities (3) 2,076 2,141 Insurance liabilities 1,518 1,545 Work in progress (4) 50 49 Provisions and decommissioning liabilities 769 789 Total non-current $ 7,327 $ 7,511 ____________________________________ (1) Includes bank overdrafts of $457 million as at June 30, 2023 (December 31, 2022: $636 million). (2) Includes post-employment benefits of $642 million ($14 million current and $628 million non-current) as at June 30, 2023 and $642 million ($20 million current and $622 million non-current) as at December 31, 2022. (3) Includes financial liabilities of $1,429 million ($64 million current and $1,365 million non-current) as at June 30, 2023 and $1,673 million ($74 million current and $1,599 million non-current) as at December 31, 2022 related to a failed sale and leaseback of hospitals. During the quarter, a gain of $208 million was recognized in other income (expense), net in the unaudited interim condensed statement of operating results for the three months ended June 30, 2023, from the extinguishment of a liability related to leased hospitals. During the period the company entered into a new failed sale leaseback arrangement with a different counterparty for the same hospitals. (4) See Note 15 for additional information.

CONTRACTS IN PROGRESS

CONTRACTS IN PROGRESS	6 Months Ended
CONTRACTS IN PROGRESS	Jun. 30, 2023
Construction Contracts [Abstract]
CONTRACTS IN PROGRESS	CONTRACTS IN PROGRESS (US$ MILLIONS) June 30, 2023 December 31, 2022 Contract costs incurred to date $ 21,251 $ 21,066 Profit recognized to date (less recognized losses) 2,125 2,055 $ 23,376 $ 23,121 Less: progress billings (24,190) (23,876) Contract work in progress (liability) $ (814) $ (755) Comprising: Amounts due from customers – work in progress $ 548 $ 469 Amounts due to customers – creditors (1,362) (1,224) Net work in progress $ (814) $ (755)

BORROWINGS

BORROWINGS	6 Months Ended
BORROWINGS	Jun. 30, 2023
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, British pounds, Australian dollars, U.S. dollars and 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. 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 as at June 30, 2023 wa s $1,990 million ( December 31, 2022: $2,100 million). The partnership had $1 billion available on its revolving credit facility with Brookfield (the “Brookfield Credit Agreement”) as at June 30, 2023. 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 SOFR, base rate, bankers’ acceptance rate or prime rate loans. The credit facility bears interest at the specified SOFR 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 maturity date of the credit facility is April 27, 2028, after which the credit facility will automatically renew for one-year periods until terminated by Brookfield. The total available amount on the credit facility will decrease to $500 million on April 27, 2024. As at June 30, 2023, the credit facility remained undrawn. The partnership is currently in compliance with covenant requirements of its corporate borrowings and continues to monitor performance against such covenant requirements. As at June 30, 2023, there were no funds on deposit from Brookfield (December 31, 2022: $nil). Refer to Note 17 for further details on the Deposit Agreements (defined herein) with Brookfield. (b) Non-recourse subsidiary borrowings of the partnership Current and non-current non-recourse subsidiary borrowings of the partnership as at June 30, 2023, net of deferred financing costs, premiums and discounts, were $2,990 million and $41,918 million, respectively (December 31, 2022: $3,758 million and $40,835 million, respectively). Non-recourse borrowings in subsidiaries of the partnership include borrowings made under subscription facilities of Brookfield-sponsored private equity funds. 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. In 2022, the partnership’s offshore oil services operations voluntarily entered Chapter 11 reorganization proceedings with the objective of executing a comprehensive financial restructuring to reduce debt and strengthen its financial position. Subsequently, on January 6, 2023, the partnership’s offshore oil services operations emerged from the Chapter 11 restructuring process with a significantly deleveraged balance sheet. The restructuring reprofiled the company’s bank loan facilities to better align cash flow with debt service obligations. Following the restructuring, the partnership’s economic interest was approximately 53%.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	6 Months Ended
RELATED PARTY TRANSACTIONS	Jun. 30, 2023
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. These transactions have been measured at fair value and are recognized in the unaudited interim condensed consolidated financial statements. (a) Transactions with Brookfield The partnership is a party to the Brookfield Credit Agreement, which permits borrowings of up to $1 billion. As at June 30, 2023, $nil was drawn on the credit facilities under the Brookfield Credit Agreement (December 31, 2022: $nil). From time to time, each of Brookfield and the partnership may place funds on deposit with the other, on terms approved by the independent directors of the General Partner, pursuant to deposit agreements entered into between Brookfield and the partnership (the “Deposit Agreements”). Interest earned or incurred on such deposits is at market terms. As at June 30, 2023, the amount of the deposit from Brookfield was $nil (December 31, 2022: $nil). For the three and six months ended June 30, 2023, the partnership recorded interest expense of $nil on these deposits (June 30, 2022: interest expense of $nil). Pursuant to the Master Services Agreement, the 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, 2023 was $23 million and $46 million, respectively (June 30, 2022: $23 million and $47 million, respectively). In its capacity as the holder of the Special LP Units, Brookfield is entitled to incentive distribution rights. The incentive distribution for the three and six months ended June 30, 2023 was $nil and $nil (June 30, 2022: $nil and $nil). An integral part of the partnership’s strategy is to participate with institutional investors in Brookfield-sponsored private equity funds that target acquisitions that suit the partnership’s investment profile. In the normal course of business, the partnership and institutional investors have made commitments to Brookfield-sponsored private equity funds, and in connection therewith, the partnership, together with institutional investors, has access to short-term financing using the private equity funds’ credit facilities to facilitate investments that Brookfield has determined to be in the partnership’s best interests. 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. As at June 30, 2023, the partnership had a loan payable of $85 million to Brookfield included in accounts payable and other, and loan receivable from Brookfield of approximately $79 million included in accounts and other receivable, net. The loan payable is non-interest bearing and payable on demand, and the loan receivable accrues interest at the partnership’s cost of capital and is due on demand. (b) Other Inclusive of those described above, the following table summarizes the transactions the partnership has entered into with related parties for the three and six-month periods ended June 30, 2023 and 2022: Three Months Ended Six Months Ended (US$ MILLIONS) 2023 2022 2023 2022 Transactions during the period Business services revenues (1) $ 15 $ 62 $ 73 $ 141 Interest income 3 — 11 — ____________________________________ (1) Within the business services segment, the partnership provides construction services and fuel products to affiliates of Brookfield. Inclusive of those described above, the following table summarizes balances with related parties as at June 30, 2023 and December 31, 2022: (US$ MILLIONS) June 30, 2023 December 31, 2022 Balances at end of period Financial assets $ 222 $ 118 Accounts and other receivable, net 267 579 Accounts payable and other (1) 514 603 Non-recourse borrowings in subsidiaries of the partnership 176 55 ____________________________________

DERIVATIVE FINANCIAL INSTRUMENT

DERIVATIVE FINANCIAL INSTRUMENTS	6 Months Ended
DERIVATIVE FINANCIAL INSTRUMENTS	Jun. 30, 2023
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 instrument positions as at June 30, 2023 and December 31, 2022 were as follows: June 30, 2023 December 31, 2022 (US$ MILLIONS) Financial Assets Financial Liabilities Financial Assets Financial Liabilities Foreign exchange contracts $ 134 $ (340) $ 121 $ (205) Cross currency swaps 13 (67) 35 (41) Interest rate derivatives 583 (163) 449 (135) Equity derivatives — (12) — (17) Commodities contracts 29 (30) 35 (71) Total $ 759 $ (612) $ 640 $ (469) Total current $ 153 $ (155) $ 133 $ (187) Total non-current $ 606 $ (457) $ 507 $ (282)

EQUITY

EQUITY	6 Months Ended
EQUITY	Jun. 30, 2023
Equity [abstract]
EQUITY	EQUITY The partnership’s consolidated equity interests include LP Units held by the public and Brookfield, GP Units held by Brookfield, Redemption-Exchange Units held by Brookfield, Special LP Units held by Brookfield and BBUC exchangeable shares held by the public and Brookfield, collectively, “Units” or “Unitholders” as described in Note 1, and $1,490 million of preferred securities held by Brookfield. As at June 30, 2023, Brookfield owned approximately 65.4% of the partnership on a fully exchanged basis. For the three and six-month periods ended June 30, 2023, the partnership made distributions on the LP Units, GP Units, Redemption-Exchange Units and BBUC exchangeable shares of $13 million and $27 million, respectively or $0.0625 per Unit (June 30, 2022: $14 million and $23 million, respectively, or $0.0625 per Unit). For the three and six months ended June 30, 2023, the partnership made distributions to others who have interests in the operating subsidiaries of $968 million and $1,219 million, respectively (June 30, 2022: $869 million and $1,451 million, respectively), primarily from a redemption of non-controlling interests using cash proceeds from the sale of a non-core division of the partnership’s dealer software and technology services operations servicing the heavy equipment sector, combined with distributions of proceeds from the syndication to institutional partners of the partnership’s investment in dealer software and technology services operations. (a) GP Units and LP Units LP Units entitle the holder to their 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 condensed consolidated statements of financial position. The following table provides a continuity of GP Units and LP Units outstanding for the six-month period ended June 30, 2023: UNITS GP Units LP Units Total Authorized and issued Opening balance 4 74,612,503 74,612,507 Conversion from BBUC exchangeable shares — 622 622 Issued as at June 30, 2023 4 74,613,125 74,613,129 The weighted average number of LP Units outstanding for the three and six months ended June 30, 2023 was 74.6 million and 74.6 million, respectively (June 30, 2022: 75.3 million and 76.0 million, respectively). During the six months ended June 30, 2023, the partnership did not repurchase any of its LP Units (June 30, 2022: 2,525,490 LP Units). Net income (loss) attributable to limited partnership unitholders for the three and six months ended June 30, 2023 was $(16) million and $9 million, respectively (June 30, 2022: net income of $47 million and $55 million, respectively). (b) Redemption-Exchange Units held by Brookfield UNITS Redemption-Exchange Units Authorized and issued Opening balance 69,705,497 Issued as at June 30, 2023 69,705,497 As at June 30, 2023, the Holding LP had issued 69.7 million Redemption-Exchange Units to Brookfield (June 30, 2022: 69.7 million). 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, Financial instruments: presentation (“IAS 32”). (c) BBUC exchangeable shares The table below provides a continuity of BBUC exchangeable shares outstanding for the six-month period ended June 30, 2023: SHARES BBUC exchangeable shares Balance as at January 1, 2023 72,955,585 Converted to LP Units (622) Issued as at June 30, 2023 72,954,963 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 BBUC 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, 2023, 622 BBUC exchangeable shares were exchanged into LP Units (June 30, 2022: 50,825). (d) Special limited partner units held by Brookfield UNITS Special limited partner units held by Brookfield Authorized and issued Opening balance 4 Issued as at June 30, 2023 4 In its capacity as the holder of the Special LP Units, 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. During the six months ended June 30, 2023, the volume-weighted average price was $18.08 per LP Unit, which was below the current incentive distribution threshold of $31.53 per LP Unit, resulting in no incentive distribution declared during the period (June 30, 2022: $nil). (e) Preferred securities held by Brookfield ($US MILLIONS) Preferred securities held by Brookfield Opening balance $ 1,490 Balance as at June 30, 2023 $ 1,490 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 their 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 their 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. The partnership has an additional commitment agreement with Brookfield, whereby Brookfield agreed to subscribe for up to $1.5 billion of preferred equity securities of subsidiaries of the partnership. The preferred 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. These preferred securities are presented as equity instruments in accordance with IAS 32, and accordingly, the partnership has classified them as a component of non-controlling interests in the unaudited interim condensed consolidated statements of financial position and changes in equity. As of June 30, 2023, Brookfield has subscribed for an aggregate of $1,475 million of perpetual preferred securities.

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	6 Months Ended
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	Jun. 30, 2023
Disclosure of analysis of other comprehensive income by item [abstract]
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) Attributable to Limited Partners The following tables present the changes in accumulated other comprehensive income (loss) reserves attributable to limited partners for the six months ended June 30, 2023 and 2022: (US$ MILLIONS) Foreign currency FVOCI Other (1) Accumulated other comprehensive income (loss) Balance as at January 1, 2023 $ (247) $ (8) $ 112 $ (143) Other comprehensive income (loss) 28 13 (19) 22 Ownership changes — — — — Balance as at June 30, 2023 $ (219) $ 5 $ 93 $ (121) ____________________________________ (1) Represents net investment hedges, cash flow hedges, insurance finance and other reserves. (US$ MILLIONS) Foreign currency FVOCI Other (1) Accumulated other comprehensive income (loss) Balance as at January 1, 2022 $ (252) $ 76 $ 23 $ (153) Adoption of new accounting standards (2) — — 1 1 As adjusted opening balance (252) 76 24 (152) Other comprehensive income (loss) (33) (73) 42 (64) Ownership changes 3 — 1 4 Issuance of BBUC exchangeable shares (3) $ 67 $ (15) $ (5) $ 47 Balance as at June 30, 2022 $ (215) $ (12) $ 62 $ (165) ____________________________________ (1) Represents net investment hedges, cash flow hedges, insurance finance and other reserves. (2) Refer to Note 2(b) for further details. (3) In connection with the special distribution of BBUC, $47 million of accumulated other comprehensive income (loss) was reallocated to BBUC exchangeable shares. Refer to Note 1 for further details.

DIRECT OPERATING COSTS

DIRECT OPERATING COSTS	6 Months Ended
DIRECT OPERATING COSTS	Jun. 30, 2023
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 Brookfield or its subsidiaries, which provide management services under a master services agreement with Brookfield (the “Master Services Agreement”). 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, 2023 and 2022. Three Months Ended Six Months Ended (US$ MILLIONS) 2023 2022 2023 2022 Inventory costs $ 8,030 $ 9,838 $ 16,421 $ 18,591 Subcontractor and consultant costs 765 812 1,465 1,553 Concession construction materials and labor costs 85 81 160 160 Depreciation and amortization expense 907 776 1,807 1,470 Compensation 1,591 1,281 3,109 2,480 Other direct costs 952 890 1,834 2,015 Total $ 12,330 $ 13,678 $ 24,796 $ 26,269 Other direct costs include freight, cost of construction expensed and expected credit loss provisions on financial assets.

REVENUES

REVENUES	6 Months Ended
REVENUES	Jun. 30, 2023
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, 2023: Three Months Ended June 30, 2023 (US$ MILLIONS) Business services Infrastructure services Industrials Total Revenues by type Revenues from contracts with customers $ 7,514 $ 1,640 $ 3,620 $ 12,774 Other revenues 360 366 6 732 Total revenues $ 7,874 $ 2,006 $ 3,626 $ 13,506 Six Months Ended June 30, 2023 (US$ MILLIONS) Business services Infrastructure services Industrials Total Revenues by type Revenues from contracts with customers $ 15,116 $ 3,302 $ 7,423 $ 25,841 Other revenues 696 715 12 1,423 Total revenues $ 15,812 $ 4,017 $ 7,435 $ 27,264 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 Total Revenues by type Revenues from contracts with customers $ 8,839 $ 1,444 $ 3,675 $ 13,958 Other revenues 287 358 4 649 Total revenues $ 9,126 $ 1,802 $ 3,679 $ 14,607 Six Months Ended June 30, 2022 (US$ MILLIONS) Business services Infrastructure services Industrials Total Revenues by type Revenues from contracts with customers $ 16,807 $ 2,608 $ 7,341 $ 26,756 Other revenues 548 722 8 1,278 Total revenues $ 17,355 $ 3,330 $ 7,349 $ 28,034 (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, 2023: Three Months Ended June 30, 2023 (US$ MILLIONS) Business services Infrastructure services Industrials Total Timing of revenue recognition Goods and services provided at a point in time $ 6,116 $ 476 $ 3,517 $ 10,109 Services transferred over a period of time 1,398 1,164 103 2,665 Total revenues from contracts with customers $ 7,514 $ 1,640 $ 3,620 $ 12,774 Six Months Ended June 30, 2023 (US$ MILLIONS) Business services Infrastructure services Industrials Total Timing of revenue recognition Goods and services provided at a point in time $ 12,351 $ 1,050 $ 7,228 $ 20,629 Services transferred over a period of time 2,765 2,252 195 5,212 Total revenues from contracts with customers $ 15,116 $ 3,302 $ 7,423 $ 25,841 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 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 Six Months Ended June 30, 2022 (US$ MILLIONS) Business services Infrastructure services Industrials 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 (c) Revenues by geography The tables below summarize the partnership’s segment revenues by geography for the three and six months ended June 30, 2023: Three Months Ended June 30, 2023 (US$ MILLIONS) Business services Infrastructure services Industrials Total United Kingdom $ 4,453 $ 162 $ 81 $ 4,696 United States of America 515 850 1,526 2,891 Europe 477 438 824 1,739 Australia 993 48 34 1,075 Canada 643 43 146 832 Brazil 201 23 384 608 Mexico — — 287 287 Other 232 76 338 646 Total revenues from contracts with customers $ 7,514 $ 1,640 $ 3,620 $ 12,774 Other revenues 360 366 6 732 Total revenues $ 7,874 $ 2,006 $ 3,626 $ 13,506 Six Months Ended June 30, 2023 (US$ MILLIONS) Business services Infrastructure services Industrials Total United Kingdom $ 8,828 $ 299 $ 170 $ 9,297 United States of America 1,076 1,731 3,121 5,928 Europe 1,098 857 1,715 3,670 Australia 1,996 100 66 2,162 Canada 1,254 78 304 1,636 Brazil 376 52 796 1,224 Mexico — — 544 544 Other 488 185 707 1,380 Total revenues from contracts with customers $ 15,116 $ 3,302 $ 7,423 $ 25,841 Other revenues 696 715 12 1,423 Total revenues $ 15,812 $ 4,017 $ 7,435 $ 27,264 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 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 287 358 4 649 Total revenues $ 9,126 $ 1,802 $ 3,679 $ 14,607 Six Months Ended June 30, 2022 (US$ MILLIONS) Business services Infrastructure services Industrials 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 548 722 8 1,278 Total revenues $ 17,355 $ 3,330 $ 7,349 $ 28,034

SEGMENT INFORMATION

SEGMENT INFORMATION	6 Months Ended
SEGMENT INFORMATION	Jun. 30, 2023
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 the impact of preferred equity distributions and 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, including material realized disposition gains or losses that may be recorded in equity on the partial disposition of a subsidiary where the partnership retains control and 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 following tables 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, 2023 Total attributable to Unitholders Attributable to non-controlling interests As per IFRS Financials (US$ MILLIONS) Business Infrastructure services Industrials Corporate Total (1) Revenues $ 2,255 $ 789 $ 1,084 $ — $ 4,128 $ 9,378 $ 13,506 Direct operating costs (2) (2,004) (574) (868) (3) (3,449) (7,974) (11,423) General and administrative expenses (43) (43) (36) (26) (148) (250) (398) Gain (loss) on acquisitions / dispositions, net (3) 22 — — — 22 65 87 Gain (loss) on acquisitions / dispositions, net recorded in equity (4) 8 — — — 8 23 31 Other income (expense), net (5) — 6 1 — 7 9 16 Interest income (expense), net (79) (109) (104) (34) (326) (606) (932) Current income tax (expense) recovery (51) (6) (24) — (81) (186) (267) Preferred equity distributions — — — (22) (22) 22 — Equity accounted Adjusted EFO (6) 11 25 10 — 46 29 75 Adjusted EFO 119 88 63 (85) 185 Depreciation and amortization expense (2)(7) (294) (613) (907) Impairment reversal (expense), net (3) (4) (7) Gain (loss) on acquisitions / dispositions, net recorded in equity (4) (8) (23) (31) Other income (expense), net (5) 16 106 122 Deferred income tax (expense) recovery 90 126 216 Non-cash items attributable to equity accounted investments (6) (34) (13) (47) Net income (loss) $ (48) $ 89 $ 41 (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 shareholders. (2) The sum of these amounts equates to direct operating costs of $12,330 million as per the unaudited interim condensed consolidated statements of operating results. (3) Gain (loss) on acquisitions/dispositions, net recorded in Adjusted EFO of $22 million represents the partnership’s economic ownership interest of gains on dispositions related to the partnership’s dealer software and technology services operations’ sale of a non-core division servicing the heavy equipment sector. (4) Gain (loss) on acquisitions/dispositions, net recorded in equity in Adjusted EFO of $8 million represents the partnership's economic ownership interest of realized gains related to secured debentures. (5) The sum of these amounts equates to other income (expense), net of $138 million as per the unaudited interim condensed consolidated statements of operating results. Other income (expense), net at the partnership’s economic ownership interest that is excluded from Adjusted EFO of $16 million includes, $44 million of net gains on debt modification and extinguishment, $20 million of business separation expenses, stand-up costs and restructuring charges, $17 million of transaction costs, $19 million of net revaluation gains and $10 million of other expense. (6) The sum of these amounts equates to equity accounted income (loss), net of $28 million as per the unaudited interim condensed consolidated statements of operating results. (7) For the three months ended June 30, 2023, depreciation and amortization expense by segment is as follows: business services $252 million, infrastructure services $301 million, industrials $354 million, and corporate and other $nil. Six Months Ended June 30, 2023 Total attributable to Unitholders Attributable to non-controlling interests As per IFRS Financials (US$ MILLIONS) Business Infrastructure services Industrials Corporate Total (1) Revenues $ 4,465 $ 1,601 $ 2,237 $ — $ 8,303 $ 18,961 $ 27,264 Direct operating costs (2) (3,971) (1,160) (1,780) (11) (6,922) (16,067) (22,989) General and administrative expenses (88) (86) (73) (52) (299) (500) (799) Gain (loss) on acquisitions / dispositions, net (3) 89 6 — — 95 73 168 Gain (loss) on acquisitions / dispositions, net in equity (4) 14 — 64 — 78 147 225 Other income (expense), net (5) — 6 2 — 8 11 19 Interest income (expense), net (140) (212) (201) (65) (618) (1,179) (1,797) Current income tax (expense) recovery (59) (30) (44) 7 (126) (267) (393) Distributions attributable to preferred equity in operating subsidiaries — — — (44) (44) 44 — Equity accounted Adjusted EFO (6) 22 49 20 — 91 65 156 Adjusted EFO 332 174 225 (165) 566 Depreciation and amortization expense (2)(7) (586) (1,221) (1,807) Impairment reversal (expense), net (3) (4) (7) Gain (loss) on acquisitions / dispositions, net in equity (4) (78) (147) (225) Other income (expense), net (5) 83 165 248 Deferred income tax (expense) recovery 115 169 284 Non-cash items attributable to equity accounted investments (6) (71) (32) (103) Net income (loss) $ 26 $ 218 $ 244 (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 shareholders. (2) The sum of these amounts equates to direct operating costs of $24,796 million as per the unaudited interim condensed consolidated statements of operating results. (3) Gain (loss) on acquisitions/dispositions, net recorded in Adjusted EFO of $95 million represents the partnership’s economic ownership interest of gains relating to $67 million from the disposition of the partnership’s residential property management operations, $22 million from the dispositions related to the partnership’s dealer software and technology services operations sale of a non-core division servicing the heavy equipment sector, and $6 million from the disposition of the partnership’s nuclear technology services operations’ power delivery business. (4) Gain (loss) on acquisitions/dispositions, net recorded in equity in Adjusted EFO of $78 million represents the partnership’s economic interest of gains of $8 million related to secured debentures and $70 million related to the partnership’s economic ownership interest of gains on disposition of the partnership’s public securities. (5) The sum of these amounts equates to other income (expense), net of $267 million as per the unaudited interim condensed consolidated statements of operating results. Other income (expense), net at the partnership’s economic ownership interest that is excluded from Adjusted EFO of $83 million includes $147 million of net gains on debt modification and extinguishment, $34 million of business separation expenses, stand-up costs and restructuring charges, $26 million of transaction costs, $18 million of net revaluation gains, and $22 million of other expense. (6) The sum of these amounts equates to equity accounted income (loss), net of $53 million as per the unaudited interim condensed consolidated statements of operating results. (7) For the six months ended June 30, 2023, depreciation and amortization expense by segment is as follows: business services $505 million, infrastructure services $604 million, industrials $698 million, and corporate and other $nil. Three Months Ended June 30, 2022 Total attributable to Unitholders Attributable to non-controlling interests As per IFRS Financials (US$ MILLIONS) Business Infrastructure services Industrials Corporate Total (1) Revenues $ 2,468 $ 706 $ 1,120 $ — $ 4,294 $ 10,313 $ 14,607 Direct operating costs (2) (2,296) (507) (906) (6) (3,715) (9,187) (12,902) General and administrative expenses (34) (33) (33) (26) (126) (180) (306) Gain (loss) on acquisitions / dispositions, net recorded in equity (3) 19 — — — 19 — 19 Other income (expense), net (4) — 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 (5) 13 25 18 — 56 28 84 Adjusted EFO 138 124 101 (34) 329 Depreciation and amortization expense (2)(6) (262) (514) (776) Impairment expense, net 41 37 78 Gain (loss) on acquisitions / dispositions, net recorded in equity (3) (19) — (19) Other income (expense), net (4) (87) (154) (241) Deferred income tax (expense) recovery 165 222 387 Non-cash items attributable to equity accounted investments (5) (30) (13) (43) Net income (loss) $ 137 $ 143 $ 280 (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 $13,678 million as per the unaudited interim condensed consolidated statements of operating results. (3) 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. (4) 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 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. (5) 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. (6) For the three months ended June 30, 2022, depreciation and amortization expense by segment is as follows: business services $108 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 $ 4,742 $ 1,318 $ 2,227 $ — $ 8,287 $ 19,747 $ 28,034 Direct operating costs (2) (4,455) (908) (1,787) (12) (7,162) (17,637) (24,799) General and administrative expenses (64) (62) (65) (53) (244) (360) (604) Gain (loss) on acquisitions / dispositions, net recorded in equity (3) 19 — — — 19 — 19 Other income (expense), net (4) 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 (5) 20 43 36 — 99 55 154 Adjusted EFO 198 263 223 (65) 619 Depreciation and amortization expense (2)(6) (494) (976) (1,470) Gain (loss) on acquisitions / dispositions, net recorded in equity (3) (19) — (19) Impairment reversal (expense), net 41 37 78 Other income (expense), net (4) (115) (201) (316) Deferred income tax (expense) recovery 168 259 427 Non-cash items attributable to equity accounted investments (5) (47) (16) (63) Net income (loss) $ 153 $ 117 $ 270 (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 shareholders. (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) Gain (loss) on acquisitions/dispositions, net recorded in equity in Adjusted EFO of $19 million represents the partnership’s economic interest in gains (losses) on disposition related to the sale of a financial asset measured at FVOCI. (4) 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 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 expense. (5) 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. (6) For the six months ended June 30, 2022, depreciation and amortization expense by segment is as follows: business services $214 million, infrastructure services $591 million, industrials $665 million, and corporate and other $nil. Segment Assets For the purpose of monitoring segment performance and allocating resources between segments, the CODM monitors assets, including investments accounted for using the equity method, attributable to each segment. The following table presents the partnership’s assets by reportable operating segment as at June 30, 2023 and December 31, 2022: (US$ MILLIONS) As at As at Business services $ 38,565 $ 37,939 Infrastructure services 23,367 22,606 Industrials 28,135 28,112 Corporate and other 247 593 Total $ 90,314 $ 89,250

SUPPLEMENTAL CASH FLOW INFORMAT

SUPPLEMENTAL CASH FLOW INFORMATION	6 Months Ended
SUPPLEMENTAL CASH FLOW INFORMATION	Jun. 30, 2023
Cash Flow Statement [Abstract]
SUPPLEMENTAL CASH FLOW INFORMATION	SUPPLEMENTAL CASH FLOW INFORMATION Six Months Ended (US$ MILLIONS) 2023 2022 Net interest paid (received) $ 1,264 $ 647 Net income taxes paid (received) 1,192 134 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 ” on the unaudited interim condensed consolidated statements of cash flow are as follows: Six Months Ended (US$ MILLIONS) 2023 2022 Accounts receivable $ (612) $ (762) Inventory 361 (884) Prepayments and other (655) (226) Accounts payable and other 432 521 Changes in non-cash working capital, net $ (474) $ (1,351)

INSURANCE CONTRACTS

INSURANCE CONTRACTS	6 Months Ended
INSURANCE CONTRACTS	Jun. 30, 2023
Insurance Contracts [Abstract]
INSURANCE CONTRACTS	INSURANCE CONTRACTS The following table shows the reconciliation from the opening to the closing balances of the insurance liabilities related to the partnership’s insurance contracts from its residential mortgage insurer, analyzed by measurement components. (US$ MILLIONS) Estimates of present value of future cash flows Risk adjustment Contractual service margin Total Insurance liabilities, as at January 1, 2023 $ 352 $ 585 $ 965 $ 1,902 Change during period: Changes that relate to current service: Contractual service margin recognized for services provided — — (146) (146) Change in risk adjustment recognized for the risk expired — (41) — (41) Experience adjustments (15) — — (15) Changes that relate to future service: Contracts initially recognized in the period (130) 48 82 — Changes in estimates that adjust the contractual service margin 50 (120) 70 — Changes that relate to past services: Adjustments to liabilities for incurred claims 11 2 — 13 Insurance finance income/(expenses) (3) 15 11 23 Foreign currency translation 9 12 22 43 (78) (84) 39 (123) Cash flows: Premiums received 194 — — 194 Claims and other insurance service expenses paid (31) — — (31) Insurance acquisition cash flows (28) — — (28) Insurance liabilities, as at June 30, 2023 $ 409 $ 501 $ 1,004 $ 1,914

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
SUBSEQUENT EVENTS	Jun. 30, 2023
Events After Reporting Period [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS (a) Distribution On August 3, 2023, the Board of Directors declared a quarterly distribution in the amount of $0.0625 per LP Unit, payable on September 29, 2023 to unitholders of record as at the close of business on August 31, 2023. (b) Sale of automotive aftermarket parts remanufacturing operation On July 3, 2023, the partnership sold a majority of its automotive aftermarket parts remanufacturing operation and received a royalty interest on the performance of the newly merged business. Upfront cash proceeds from the sale were used to extinguish existing debt within the business. The assets and liabilities associated with the sale are classified as held for sale on the unaudited interim condensed consolidated statement of financial position as at June 30, 2023.

MATERIAL ACCOUNTING POLICY IN_2

MATERIAL ACCOUNTING POLICY INFORMATION (Policies)	6 Months Ended
MATERIAL ACCOUNTING POLICY INFORMATION (Policies)	Jun. 30, 2023
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 IAS 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, 2022, 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, 2022 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 (the “General Partner”), on behalf of the partnership, and authorized for issue on August 8, 2023.
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 as at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period of the financial statements 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, 2022. 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, 2022.
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, 2023. (i) IFRS 17 - Insurance Contracts (“IFRS 17”) The partnership adopted IFRS 17 effective January 1, 2023. IFRS 17 establishes principles for the recognition, measurement, presentation and disclosure of insurance contracts. It replaces IFRS 4, Insurance Contracts (“IFRS 4”) and related interpretations. The adoption of IFRS 17 only impacted the reported results of the partnership’s residential mortgage insurer. The partnership applied the full retrospective approach to insurance contracts issued on or after January 1, 2020. For groups of contracts issued in 2019 and prior years, the partnership has determined that it is impracticable to apply the full retrospective approach and has elected to apply the fair value approach. As a result, the comparative period has been adjusted and the transition impact of $17 million has been recorded as an increase to opening equity on January 1, 2022 (the “IFRS 17 adoption”). The impact of the IFRS 17 adoption to the unaudited interim condensed consolidated statement of financial position as at December 31, 2022 was a decrease to other assets of $153 million and a decrease to intangible assets of $95 million, primarily due to the derecognition of balances associated with IFRS 4 concepts, and a decrease to accounts payable and other of $199 million primarily due to measurement differences under IFRS 17. The impact of the IFRS 17 adoption to the unaudited interim condensed consolidated statement of operating results for the three and six months ended June 30, 2022 was a decrease to revenues of $19 million and $64 million, an increase to direct operating costs of $4 million and $nil, a decrease to general and administrative expenses of $4 million and $6 million, and an increase to deferred tax recovery of $5 million and $15 million. The impact to net income resulted in a decrease to basic and diluted earnings per limited partner unit of $0.03 and $0.11 per unit. The impact of the IFRS 17 adoption to the unaudited interim condensed consolidated statement of comprehensive income for the three and six months ended June 30, 2022 was the recognition of the insurance finance reserve of $40 million and $49 million, and a decrease to deferred tax recovery of $11 million and $13 million. While IFRS 17 changes the timing of earnings recognition, as well as presentation and disclosure of insurance contracts, cash flows generated by the partnership are not impacted. As a result, the adoption of IFRS 17 does not have a material impact on the business. The partnership’s accounting policy for insurance contracts in accordance with IFRS 17 is detailed below. Material accounting policies - Insurance contracts The partnership’s insurance policies are classified as contracts without direct participating features and are measured using the general measurement approach under IFRS 17. The measurement approach is based on estimates of the present value of future cash flows that are expected to arise as the partnership fulfills the contracts, an explicit risk adjustment for non-financial risks and a contractual service margin. The risk adjustment for non-financial risk reflects the compensation that the insurer requires for bearing uncertainty about the amount and timing of cash flows. Estimates of the present value of future cash flows and a risk adjustment for non-financial risk are together referred to as fulfillment cash flows. The contractual service margin represents the unearned profit that is recognized as revenue systematically over the coverage period as insurance services are provided. Mortgage insurance revenues earned in each reporting period primarily represents the changes in the liabilities for remaining coverage that relate to insurance contract services provided during the period and an allocation of premiums that relates to recovering insurance acquisition cash flows. For all periods presented, insurance revenues earned from insurance contracts are included under revenues in the consolidated statement of operating results. The insurance liabilities are included in accounts payable and other, on the unaudited interim condensed consolidated statement of financial position and the carrying amount at each reporting date is the sum of the liability for remaining coverage and the liability for incurred claims. (a) Liability for remaining coverage At inception of the insurance contract, a liability for remaining coverage is established which comprises the fulfillment cash flows related to services that will be provided in future periods and the remaining contractual service margin at that date. If the fulfillment cash flows from a contract at the date of initial recognition are a net outflow, then the contract is considered onerous. A loss from onerous insurance contracts is recognized immediately in the consolidated statement of operating results. All acquisition cash flows are included in the measurement of fulfillment cash flows and recognized within the insurance liabilities. All cash flows are discounted using a market-based discount rate selected through a top-down approach that reflects the characteristics of the insurance liabilities. The partnership has elected to disaggregate insurance finance expense between amounts included in income and amounts included in other comprehensive income (“OCI”). Interest accretion is recognized as insurance finance expense in income while effect of changes in discount rates is recognized as insurance finance expense in OCI. The risk adjustment has been determined using a confidence level technique. The contractual service margin is recognized in income to reflect services provided in each reporting period based on the number of coverage units provided during the period, which is determined by considering, for each contract, the quantity of the benefits provided and its expected coverage period. The coverage units are reviewed and updated at each reporting date. The insurer determines the quantity of the benefits provided under its insurance contracts on the basis of Loss Given Default, which is defined as outstanding mortgage principal balance and expected costs of foreclosure, less the expected value of the property securing the claim. (b) Liability for incurred claims The liability for incurred claims includes the fulfillment cash flows for incurred claims and expenses that have not yet been paid, including claims that have been incurred but not yet reported. Fulfillment cash flows include the cost of settling claims and cash flows from expected recovery of real estate in the event of default by borrowers (both reported and unreported) that have occurred on or before each reporting date, discounted to consider the time value of money using a market-based discount rate. The liability also incorporates a risk adjustment for non-financial risk using actuarially determined risk factors. Critical judgments and estimates in applying IFRS 17 The partnership has applied critical judgments and estimates in the application of IFRS 17, including: (i) estimates and underlying assumptions in determining fulfillment cash flows related to the liability for remaining coverage; (ii) discount rate used to account for time value of money for all cash flows; (iii) the estimated risk adjustment for non-financial risk; (iv) timing of revenue recognition for the liability for remaining coverage; (v) estimated cash flows for settling claims; and (vi) estimated recoveries including recoveries from real estate included in the liability for incurred claims, based on third party property appraisals or other types of third party valuations deemed to be appropriate for a particular property in the event of default. (ii) Amendments to IAS 12 Income taxes (“IAS 12”) In May 2021, IAS 12 was amended to 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 partnership adopted these amendments on January 1, 2023 and the adoption did not have a material impact on the partnership’s unaudited interim condensed consolidated financial statements. In May 2023, IAS 12 was amended to clarify requirements relating to International Tax Reform - Pillar Two model rules. The amendments (i) introduce a temporary exception to the accounting for deferred taxes arising from the implementation of the Pillar Two model rules published by the Organization for Economic Co-operation and Development (“OECD”) and (ii) require additional disclosures. The amendments became effective immediately upon their issue and retrospectively in accordance with IAS 8, Accounting Policies, Changes in Accounting Estimates and Errors. The partnership adopted these amendments for the fiscal period beginning January 1, 2023 and elected to apply the temporary exception to the accounting requirements for deferred taxes related to Pillar Two income taxes. The adoption did not have an impact on the partnership’s unaudited interim condensed consolidated financial statements. (iii) Amendments to IAS 1 Presentation of financial statements (“IAS 1”) The amendments aim to provide accounting policy disclosures that are more useful by replacing the requirement to disclose ‘significant’ accounting policies with a requirement to disclose ‘material’ accounting policies and adding guidance on how to apply the concept of materiality in making decisions about accounting policy disclosures. The partnership adopted these amendments on January 1, 2023 and the adoption did not have a material impact on the partnership’s unaudited interim condensed consolidated financial statements.
Future changes in accounting policies	Future changes in accounting policies (i) 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, 2024. The partnership is currently assessing the impact of these amendments. There are currently no other future changes to IFRS with expected material impacts on the partnership.

ACQUISITION OF BUSINESSES (Tabl

ACQUISITION OF BUSINESSES (Tables)	6 Months Ended
ACQUISITION OF BUSINESSES (Tables)	Jun. 30, 2023
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 and equity raised alongside institutional partners to fund the acquisition, contingent and other non-cash consideration: (US$ MILLIONS) Business services Infrastructure services Industrials Total (1) Cash $ 10,381 $ 6,488 $ 659 $ 17,528 Contingent and other non-cash consideration 491 29 225 745 Total consideration $ 10,872 $ 6,517 $ 884 $ 18,273 Cash and cash equivalents $ 739 $ 76 $ 14 $ 829 Accounts receivable and other, net 523 456 36 1,015 Inventory, net 15 169 117 301 Property, plant and equipment 774 364 42 1,180 Intangible assets 5,727 4,373 356 10,456 Goodwill 5,544 1,499 378 7,421 Deferred income tax assets 1 — — 1 Financial assets 4,542 4 — 4,546 Equity accounted investments and other assets 426 309 1 736 Accounts payable and other (1,460) (451) (46) (1,957) Non-recourse borrowings in subsidiaries of the partnership (4,543) — — (4,543) Deferred income tax liabilities (1,337) (282) (14) (1,633) Net assets acquired before non-controlling interests $ 10,951 $ 6,517 $ 884 $ 18,352 Non-controlling interests acquired (79) — — (79) Net assets acquired $ 10,872 $ 6,517 $ 884 $ 18,273 ____________________________________

FAIR VALUE OF FINANCIAL INSTR_2

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	6 Months Ended
FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	Jun. 30, 2023
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, 2023: (US$ MILLIONS) MEASUREMENT BASIS FVTPL FVOCI Amortized cost Total Financial assets Cash and cash equivalents $ — $ — $ 3,022 $ 3,022 Accounts and other receivable, net (current and non-current) — — 7,188 7,188 Other assets (current and non-current) (1) — — 548 548 Financial assets (current and non-current) (2) 906 5,646 6,877 13,429 Total $ 906 $ 5,646 $ 17,635 $ 24,187 Financial liabilities Accounts payable and other (current and non-current) (2) (3) $ 778 $ 347 $ 11,596 $ 12,721 Borrowings (current and non-current) — — 46,898 46,898 Total $ 778 $ 347 $ 58,494 $ 59,619 ____________________________________ (1) Excludes prepayments, assets held for sale and other non-financial assets of $2,770 million. (2) FVOCI includes $534 million of derivative assets and $347 million of derivative liabilities designated in hedge accounting relationships. Refer to Hedging Activities in Note 4 (a) below. (3) Includes derivative liabilities, and excludes liabilities associated with assets held for sale, provisions, decommissioning liabilities, deferred revenue, insurance contract liabilities, work in progress, post-employment benefits and other liabilities of $8,242 million. The following table provides the details of financial instruments and their associated financial instrument classifications as at December 31, 2022: (US$ MILLIONS) MEASUREMENT BASIS FVTPL FVOCI Amortized cost Total Financial assets Cash and cash equivalents $ — $ — $ 2,870 $ 2,870 Accounts and other receivable, net (current and non-current) — — 7,278 7,278 Other assets (current and non-current) (1) — — 469 469 Financial assets (current and non-current) (2) 960 5,585 6,363 12,908 Total $ 960 $ 5,585 $ 16,980 $ 23,525 Financial liabilities Accounts payable and other (2)(3) $ 818 $ 223 $ 11,700 $ 12,741 Borrowings (current and non-current) — — 46,693 46,693 Total $ 818 $ 223 $ 58,393 $ 59,434 ____________________________________ (1) Excludes prepayments, assets held for sale and other non-financial assets of $1,904 million. (2) FVOCI includes $418 million of derivative assets and $223 million of derivative liabilities designated in hedge accounting relationships. Refer to Hedging Activities in Note 4(a) below. (3) Includes derivative liabilities and excludes provisions, decommissioning liabilities, deferred revenues, insurance liabilities, work in progress, post-employment benefits, liabilities associated with assets held for sale and various taxes and duties of $7,689 million. (US$ MILLIONS) June 30, 2023 December 31, 2022 Current Marketable securities $ 1,139 $ 1,227 Restricted cash 184 214 Derivative assets 153 133 Loans and notes receivable 324 257 Other financial assets (1) 57 148 Total current $ 1,857 $ 1,979 Non-current Marketable securities $ 2,743 $ 2,682 Restricted cash 245 245 Derivative assets 606 507 Loans and notes receivable 6,010 5,500 Other financial assets (1) 1,968 1,995 Total non-current $ 11,572 $ 10,929 ____________________________________ (1) Other financial assets include secured debentures, asset-backed securities and convertible preferred shares. (US$ MILLIONS) June 30, 2023 December 31, 2022 Current, net $ 6,207 $ 6,401 Non-current, net Accounts receivable 134 126 Retainer on customer contract 84 70 Billing rights 763 681 Total non-current, net $ 981 $ 877 Total $ 7,188 $ 7,278
Financial liabilities classification	The following table provides the details of financial instruments and their associated financial instrument classifications as at June 30, 2023: (US$ MILLIONS) MEASUREMENT BASIS FVTPL FVOCI Amortized cost Total Financial assets Cash and cash equivalents $ — $ — $ 3,022 $ 3,022 Accounts and other receivable, net (current and non-current) — — 7,188 7,188 Other assets (current and non-current) (1) — — 548 548 Financial assets (current and non-current) (2) 906 5,646 6,877 13,429 Total $ 906 $ 5,646 $ 17,635 $ 24,187 Financial liabilities Accounts payable and other (current and non-current) (2) (3) $ 778 $ 347 $ 11,596 $ 12,721 Borrowings (current and non-current) — — 46,898 46,898 Total $ 778 $ 347 $ 58,494 $ 59,619 ____________________________________ (1) Excludes prepayments, assets held for sale and other non-financial assets of $2,770 million. (2) FVOCI includes $534 million of derivative assets and $347 million of derivative liabilities designated in hedge accounting relationships. Refer to Hedging Activities in Note 4 (a) below. (3) Includes derivative liabilities, and excludes liabilities associated with assets held for sale, provisions, decommissioning liabilities, deferred revenue, insurance contract liabilities, work in progress, post-employment benefits and other liabilities of $8,242 million. The following table provides the details of financial instruments and their associated financial instrument classifications as at December 31, 2022: (US$ MILLIONS) MEASUREMENT BASIS FVTPL FVOCI Amortized cost Total Financial assets Cash and cash equivalents $ — $ — $ 2,870 $ 2,870 Accounts and other receivable, net (current and non-current) — — 7,278 7,278 Other assets (current and non-current) (1) — — 469 469 Financial assets (current and non-current) (2) 960 5,585 6,363 12,908 Total $ 960 $ 5,585 $ 16,980 $ 23,525 Financial liabilities Accounts payable and other (2)(3) $ 818 $ 223 $ 11,700 $ 12,741 Borrowings (current and non-current) — — 46,693 46,693 Total $ 818 $ 223 $ 58,393 $ 59,434 ____________________________________ (1) Excludes prepayments, assets held for sale and other non-financial assets of $1,904 million. (2) FVOCI includes $418 million of derivative assets and $223 million of derivative liabilities designated in hedge accounting relationships. Refer to Hedging Activities in Note 4(a) below. (3) Includes derivative liabilities and excludes provisions, decommissioning liabilities, deferred revenues, insurance liabilities, work in progress, post-employment benefits, liabilities associated with assets held for sale and various taxes and duties of $7,689 million.
Carrying and fair values of financial assets	The following table categorizes financial assets and liabilities, which are carried at fair value, based upon the level of input as at June 30, 2023 and December 31, 2022: June 30, 2023 December 31, 2022 (US$ MILLIONS) Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Financial assets Common shares $ 502 $ — $ — $ 736 $ — $ — Corporate and government bonds 49 3,520 — 91 3,266 — Derivative assets 3 756 — 12 628 — Other financial assets (1) 365 699 658 429 691 692 $ 919 $ 4,975 $ 658 $ 1,268 $ 4,585 $ 692 Financial liabilities Derivative liabilities $ 4 $ 598 $ 10 $ 7 $ 445 $ 17 Other financial liabilities (2) — — 513 — — 572 $ 4 $ 598 $ 523 $ 7 $ 445 $ 589 ____________________________________ (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 debt instruments. (2) Includes $483 million ( December 31, 2022 : $544 million) of contingent consideration payable between 2023 and 2024 in relation to the acquisition of subsidiaries. Refer to Note 3 for further information.
Carrying and fair values of financial liabilities	The following table categorizes financial assets and liabilities, which are carried at fair value, based upon the level of input as at June 30, 2023 and December 31, 2022: June 30, 2023 December 31, 2022 (US$ MILLIONS) Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Financial assets Common shares $ 502 $ — $ — $ 736 $ — $ — Corporate and government bonds 49 3,520 — 91 3,266 — Derivative assets 3 756 — 12 628 — Other financial assets (1) 365 699 658 429 691 692 $ 919 $ 4,975 $ 658 $ 1,268 $ 4,585 $ 692 Financial liabilities Derivative liabilities $ 4 $ 598 $ 10 $ 7 $ 445 $ 17 Other financial liabilities (2) — — 513 — — 572 $ 4 $ 598 $ 523 $ 7 $ 445 $ 589 ____________________________________ (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 debt instruments. (2) Includes $483 million ( December 31, 2022 : $544 million) of contingent consideration payable between 2023 and 2024 in relation to the acquisition of subsidiaries. Refer to Note 3 for further information.
Schedule of significant unobservable inputs used and change in balance of financial assets	The following table presents the change in the balance of financial assets classified as Level 3 for the six-month period ended June 30, 2023 and the twelve-month period ended December 31, 2022: (US$ MILLIONS) June 30, 2023 December 31, 2022 Balance at beginning of period $ 692 $ 297 Fair value change recorded in net income 33 (9) Fair value change recorded in other comprehensive income (5) (5) Additions — 523 Dispositions (65) (111) Foreign currency translation and other 3 (3) Balance at end of period $ 658 $ 692
Schedule of significant unobservable inputs used and change in balance of financial liabilities	The following table presents the change in the balance of financial liabilities classified as Level 3 for the six-month period ended June 30, 2023 and the twelve-month period ended December 31, 2022: (US$ MILLIONS) June 30, 2023 December 31, 2022 Balance at beginning of period $ 589 $ 498 Fair value change recorded in net income (53) 12 Fair value change recorded in other comprehensive income (1) — Additions 21 408 Dispositions/settlements (49) (356) Foreign currency translation and other 16 27 Balance at end of period $ 523 $ 589

FINANCIAL ASSETS (Tables)

FINANCIAL ASSETS (Tables)	6 Months Ended
FINANCIAL ASSETS (Tables)	Jun. 30, 2023
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, 2023: (US$ MILLIONS) MEASUREMENT BASIS FVTPL FVOCI Amortized cost Total Financial assets Cash and cash equivalents $ — $ — $ 3,022 $ 3,022 Accounts and other receivable, net (current and non-current) — — 7,188 7,188 Other assets (current and non-current) (1) — — 548 548 Financial assets (current and non-current) (2) 906 5,646 6,877 13,429 Total $ 906 $ 5,646 $ 17,635 $ 24,187 Financial liabilities Accounts payable and other (current and non-current) (2) (3) $ 778 $ 347 $ 11,596 $ 12,721 Borrowings (current and non-current) — — 46,898 46,898 Total $ 778 $ 347 $ 58,494 $ 59,619 ____________________________________ (1) Excludes prepayments, assets held for sale and other non-financial assets of $2,770 million. (2) FVOCI includes $534 million of derivative assets and $347 million of derivative liabilities designated in hedge accounting relationships. Refer to Hedging Activities in Note 4 (a) below. (3) Includes derivative liabilities, and excludes liabilities associated with assets held for sale, provisions, decommissioning liabilities, deferred revenue, insurance contract liabilities, work in progress, post-employment benefits and other liabilities of $8,242 million. The following table provides the details of financial instruments and their associated financial instrument classifications as at December 31, 2022: (US$ MILLIONS) MEASUREMENT BASIS FVTPL FVOCI Amortized cost Total Financial assets Cash and cash equivalents $ — $ — $ 2,870 $ 2,870 Accounts and other receivable, net (current and non-current) — — 7,278 7,278 Other assets (current and non-current) (1) — — 469 469 Financial assets (current and non-current) (2) 960 5,585 6,363 12,908 Total $ 960 $ 5,585 $ 16,980 $ 23,525 Financial liabilities Accounts payable and other (2)(3) $ 818 $ 223 $ 11,700 $ 12,741 Borrowings (current and non-current) — — 46,693 46,693 Total $ 818 $ 223 $ 58,393 $ 59,434 ____________________________________ (1) Excludes prepayments, assets held for sale and other non-financial assets of $1,904 million. (2) FVOCI includes $418 million of derivative assets and $223 million of derivative liabilities designated in hedge accounting relationships. Refer to Hedging Activities in Note 4(a) below. (3) Includes derivative liabilities and excludes provisions, decommissioning liabilities, deferred revenues, insurance liabilities, work in progress, post-employment benefits, liabilities associated with assets held for sale and various taxes and duties of $7,689 million. (US$ MILLIONS) June 30, 2023 December 31, 2022 Current Marketable securities $ 1,139 $ 1,227 Restricted cash 184 214 Derivative assets 153 133 Loans and notes receivable 324 257 Other financial assets (1) 57 148 Total current $ 1,857 $ 1,979 Non-current Marketable securities $ 2,743 $ 2,682 Restricted cash 245 245 Derivative assets 606 507 Loans and notes receivable 6,010 5,500 Other financial assets (1) 1,968 1,995 Total non-current $ 11,572 $ 10,929 ____________________________________ (1) Other financial assets include secured debentures, asset-backed securities and convertible preferred shares. (US$ MILLIONS) June 30, 2023 December 31, 2022 Current, net $ 6,207 $ 6,401 Non-current, net Accounts receivable 134 126 Retainer on customer contract 84 70 Billing rights 763 681 Total non-current, net $ 981 $ 877 Total $ 7,188 $ 7,278

ACCOUNTS AND OTHER RECEIVABLE_2

ACCOUNTS AND OTHER RECEIVABLE, NET (Tables)	6 Months Ended
ACCOUNTS AND OTHER RECEIVABLE, NET (Tables)	Jun. 30, 2023
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, 2023: (US$ MILLIONS) MEASUREMENT BASIS FVTPL FVOCI Amortized cost Total Financial assets Cash and cash equivalents $ — $ — $ 3,022 $ 3,022 Accounts and other receivable, net (current and non-current) — — 7,188 7,188 Other assets (current and non-current) (1) — — 548 548 Financial assets (current and non-current) (2) 906 5,646 6,877 13,429 Total $ 906 $ 5,646 $ 17,635 $ 24,187 Financial liabilities Accounts payable and other (current and non-current) (2) (3) $ 778 $ 347 $ 11,596 $ 12,721 Borrowings (current and non-current) — — 46,898 46,898 Total $ 778 $ 347 $ 58,494 $ 59,619 ____________________________________ (1) Excludes prepayments, assets held for sale and other non-financial assets of $2,770 million. (2) FVOCI includes $534 million of derivative assets and $347 million of derivative liabilities designated in hedge accounting relationships. Refer to Hedging Activities in Note 4 (a) below. (3) Includes derivative liabilities, and excludes liabilities associated with assets held for sale, provisions, decommissioning liabilities, deferred revenue, insurance contract liabilities, work in progress, post-employment benefits and other liabilities of $8,242 million. The following table provides the details of financial instruments and their associated financial instrument classifications as at December 31, 2022: (US$ MILLIONS) MEASUREMENT BASIS FVTPL FVOCI Amortized cost Total Financial assets Cash and cash equivalents $ — $ — $ 2,870 $ 2,870 Accounts and other receivable, net (current and non-current) — — 7,278 7,278 Other assets (current and non-current) (1) — — 469 469 Financial assets (current and non-current) (2) 960 5,585 6,363 12,908 Total $ 960 $ 5,585 $ 16,980 $ 23,525 Financial liabilities Accounts payable and other (2)(3) $ 818 $ 223 $ 11,700 $ 12,741 Borrowings (current and non-current) — — 46,693 46,693 Total $ 818 $ 223 $ 58,393 $ 59,434 ____________________________________ (1) Excludes prepayments, assets held for sale and other non-financial assets of $1,904 million. (2) FVOCI includes $418 million of derivative assets and $223 million of derivative liabilities designated in hedge accounting relationships. Refer to Hedging Activities in Note 4(a) below. (3) Includes derivative liabilities and excludes provisions, decommissioning liabilities, deferred revenues, insurance liabilities, work in progress, post-employment benefits, liabilities associated with assets held for sale and various taxes and duties of $7,689 million. (US$ MILLIONS) June 30, 2023 December 31, 2022 Current Marketable securities $ 1,139 $ 1,227 Restricted cash 184 214 Derivative assets 153 133 Loans and notes receivable 324 257 Other financial assets (1) 57 148 Total current $ 1,857 $ 1,979 Non-current Marketable securities $ 2,743 $ 2,682 Restricted cash 245 245 Derivative assets 606 507 Loans and notes receivable 6,010 5,500 Other financial assets (1) 1,968 1,995 Total non-current $ 11,572 $ 10,929 ____________________________________ (1) Other financial assets include secured debentures, asset-backed securities and convertible preferred shares. (US$ MILLIONS) June 30, 2023 December 31, 2022 Current, net $ 6,207 $ 6,401 Non-current, net Accounts receivable 134 126 Retainer on customer contract 84 70 Billing rights 763 681 Total non-current, net $ 981 $ 877 Total $ 7,188 $ 7,278

INVENTORY, NET (Tables)

INVENTORY, NET (Tables)	6 Months Ended
INVENTORY, NET (Tables)	Jun. 30, 2023
Inventories [Abstract]
Disclosure of current inventories	(US$ MILLIONS) June 30, 2023 December 31, 2022 Raw materials and consumables $ 1,297 $ 1,485 Fuel products (1) 623 850 Work in progress 876 778 RTFO certificates 518 415 Finished goods and other (2) 1,652 1,658 Carrying amount of inventories $ 4,966 $ 5,186 ____________________________________ (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) Finished goods and other comprises finished goods inventory in the industrials segment.

OTHER ASSETS (Tables)

OTHER ASSETS (Tables)	6 Months Ended
OTHER ASSETS (Tables)	Jun. 30, 2023
Subclassifications of assets, liabilities and equities [abstract]
Disclosure of Other Assets	(US$ MILLIONS) June 30, 2023 December 31, 2022 Current Work in progress (1) $ 548 $ 469 Prepayments and other assets 1,169 1,039 Assets held for sale (2) 1,021 350 Total current $ 2,738 $ 1,858 Non-current Prepayments and other assets $ 580 $ 515 Total non-current $ 580 $ 515 ____________________________________ (1) See Note 15 for additional information. (2) Assets held for sale as at June 30, 2023 i ncludes the North American retail gas station assets of the partnership’s road fuels operations and a majority of the assets within the partnership’s automotive aftermarket parts remanufacturing operations.

PROPERTY, PLANT AND EQUIPMENT (

PROPERTY, PLANT AND EQUIPMENT (Tables)	6 Months Ended
PROPERTY, PLANT AND EQUIPMENT (Tables)	Jun. 30, 2023
Property, plant and equipment [abstract]
Disclosure of detailed information about property, plant and equipment	The following table presents the change in the balance of property, plant and equipment for the six-month period ended June 30, 2023 and the twelve-month period ended December 31, 2022: (US$ MILLIONS) June 30, 2023 December 31, 2022 Gross carrying amount Balance at beginning of period $ 21,980 $ 20,342 Additions (cash and non-cash) 1,395 2,110 Dispositions (443) (466) Acquisitions through business combinations (1) 255 1,241 Assets reclassified as held for sale (2) (441) (287) Foreign currency translation and other 262 (960) Balance at end of period $ 23,008 $ 21,980 Accumulated depreciation and impairment Balance at beginning of period $ (6,087) $ (5,017) Depreciation/depletion/impairment expense (932) (1,626) Dispositions 170 245 Assets reclassified as held for sale (2) 224 149 Foreign currency translation and other (87) 162 Balance at end of period $ (6,712) $ (6,087) Net book value (3) $ 16,296 $ 15,893 ____________________________________ (1) See Note 3 for additional information. (2) See Note 9 for additional information. (3) Includes right-of-use assets of $1,456 million as at June 30, 2023 (December 31, 2022: $1,490 million).

INTANGIBLE ASSETS (Tables)

INTANGIBLE ASSETS (Tables)	6 Months Ended
INTANGIBLE ASSETS (Tables)	Jun. 30, 2023
Intangible Assets [Abstract]
Disclosure of reconciliation of changes in intangible assets	The following table presents the change in the balance of intangible assets for the six-month period ended June 30, 2023 and twelve-month period ended December 31, 2022: (US$ MILLIONS) June 30, 2023 December 31, 2022 Gross carrying amount Balance at beginning of period $ 27,568 $ 17,128 Changes in accounting policy (1) — (225) Additions 304 542 Acquisitions through business combinations (2) 69 10,581 Dispositions (336) (15) Assets reclassified as held for sale (3) (204) (159) Foreign currency translation 396 (284) Balance at end of period $ 27,797 $ 27,568 Accumulated amortization and impairment Balance at beginning of period $ (3,615) $ (2,322) Changes in accounting policy (1) — 126 Amortization and impairment expense (882) (1,503) Dispositions 79 7 Assets reclassified as held for sale (3) 85 29 Foreign currency translation (70) 48 Balance at end of period $ (4,403) $ (3,615) Net book value $ 23,394 $ 23,953 ____________________________________ (1) See Note 2(b) for additional information. (2) See Note 3 for additional information. (3) See Note 9 for additional information. The following table presents the change in the balance of goodwill for the six-month period ended June 30, 2023 and the twelve-month period ended December 31, 2022: (US$ MILLIONS) June 30, 2023 December 31, 2022 Balance at beginning of period $ 15,479 $ 8,585 Acquisitions through business combinations (1) 164 7,446 Impairment — (111) Dispositions (142) (3) Assets reclassified as held for sale (2) (218) (11) Foreign currency translation 86 (427) Balance at end of period $ 15,369 $ 15,479 ____________________________________ (1) See Note 3 for additional information. (2) See Note 9 for additional information.

GOODWILL (Tables)

GOODWILL (Tables)	6 Months Ended
GOODWILL (Tables)	Jun. 30, 2023
Intangible Assets [Abstract]
Disclosure of reconciliation of changes in Goodwill	The following table presents the change in the balance of intangible assets for the six-month period ended June 30, 2023 and twelve-month period ended December 31, 2022: (US$ MILLIONS) June 30, 2023 December 31, 2022 Gross carrying amount Balance at beginning of period $ 27,568 $ 17,128 Changes in accounting policy (1) — (225) Additions 304 542 Acquisitions through business combinations (2) 69 10,581 Dispositions (336) (15) Assets reclassified as held for sale (3) (204) (159) Foreign currency translation 396 (284) Balance at end of period $ 27,797 $ 27,568 Accumulated amortization and impairment Balance at beginning of period $ (3,615) $ (2,322) Changes in accounting policy (1) — 126 Amortization and impairment expense (882) (1,503) Dispositions 79 7 Assets reclassified as held for sale (3) 85 29 Foreign currency translation (70) 48 Balance at end of period $ (4,403) $ (3,615) Net book value $ 23,394 $ 23,953 ____________________________________ (1) See Note 2(b) for additional information. (2) See Note 3 for additional information. (3) See Note 9 for additional information. The following table presents the change in the balance of goodwill for the six-month period ended June 30, 2023 and the twelve-month period ended December 31, 2022: (US$ MILLIONS) June 30, 2023 December 31, 2022 Balance at beginning of period $ 15,479 $ 8,585 Acquisitions through business combinations (1) 164 7,446 Impairment — (111) Dispositions (142) (3) Assets reclassified as held for sale (2) (218) (11) Foreign currency translation 86 (427) Balance at end of period $ 15,369 $ 15,479 ____________________________________ (1) See Note 3 for additional information. (2) See Note 9 for additional information.

EQUITY ACCOUNTED INVESTMENTS (T

EQUITY ACCOUNTED INVESTMENTS (Tables)	6 Months Ended
EQUITY ACCOUNTED INVESTMENTS (Tables)	Jun. 30, 2023
Interests In Other Entities [Abstract]
Disclosure of change in equity investments	(US$ MILLIONS) June 30, 2023 December 31, 2022 Balance at beginning of period $ 2,065 $ 1,480 Acquisitions through business combinations — 461 Additions 10 134 Share of net income (loss) 53 165 Share of other comprehensive income (loss) (1) 2 Distributions received (89) (167) Foreign currency translation 12 (10) Balance at end of period $ 2,050 $ 2,065

ACCOUNTS PAYABLE AND OTHER (Tab

ACCOUNTS PAYABLE AND OTHER (Tables)	6 Months Ended
ACCOUNTS PAYABLE AND OTHER (Tables)	Jun. 30, 2023
Subclassifications of assets, liabilities and equities [abstract]
Disclosure of accounts payable and other	(US$ MILLIONS) June 30, 2023 December 31, 2022 Current Accounts payable $ 4,508 $ 4,099 Accrued and other liabilities (1) (2) 5,616 5,792 Lease liabilities 304 332 Financial liabilities (3) 290 352 Insurance liabilities 396 357 Work in progress (4) 1,312 1,175 Provisions and decommissioning liabilities 736 770 Liabilities associated with assets held for sale 474 42 Total current $ 13,636 $ 12,919 Non-current Accounts payable $ 98 $ 90 Accrued and other liabilities (2) 1,589 1,623 Lease liabilities 1,227 1,274 Financial liabilities (3) 2,076 2,141 Insurance liabilities 1,518 1,545 Work in progress (4) 50 49 Provisions and decommissioning liabilities 769 789 Total non-current $ 7,327 $ 7,511 ____________________________________ (1) Includes bank overdrafts of $457 million as at June 30, 2023 (December 31, 2022: $636 million). (2) Includes post-employment benefits of $642 million ($14 million current and $628 million non-current) as at June 30, 2023 and $642 million ($20 million current and $622 million non-current) as at December 31, 2022. (3) Includes financial liabilities of $1,429 million ($64 million current and $1,365 million non-current) as at June 30, 2023 and $1,673 million ($74 million current and $1,599 million non-current) as at December 31, 2022 related to a failed sale and leaseback of hospitals. During the quarter, a gain of $208 million was recognized in other income (expense), net in the unaudited interim condensed statement of operating results for the three months ended June 30, 2023, from the extinguishment of a liability related to leased hospitals. During the period the company entered into a new failed sale leaseback arrangement with a different counterparty for the same hospitals. (4) See Note 15 for additional information.

CONTRACTS IN PROGRESS (Tables)

CONTRACTS IN PROGRESS (Tables)	6 Months Ended
CONTRACTS IN PROGRESS (Tables)	Jun. 30, 2023
Construction Contracts [Abstract]
Disclosure of contracts in progress	(US$ MILLIONS) June 30, 2023 December 31, 2022 Contract costs incurred to date $ 21,251 $ 21,066 Profit recognized to date (less recognized losses) 2,125 2,055 $ 23,376 $ 23,121 Less: progress billings (24,190) (23,876) Contract work in progress (liability) $ (814) $ (755) Comprising: Amounts due from customers – work in progress $ 548 $ 469 Amounts due to customers – creditors (1,362) (1,224) Net work in progress $ (814) $ (755)

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	6 Months Ended
RELATED PARTY TRANSACTIONS (Tables)	Jun. 30, 2023
Related Party [Abstract]
Disclosure of transactions between related parties	Inclusive of those described above, the following table summarizes the transactions the partnership has entered into with related parties for the three and six-month periods ended June 30, 2023 and 2022: Three Months Ended Six Months Ended (US$ MILLIONS) 2023 2022 2023 2022 Transactions during the period Business services revenues (1) $ 15 $ 62 $ 73 $ 141 Interest income 3 — 11 — ____________________________________ (1) Within the business services segment, the partnership provides construction services and fuel products to affiliates of Brookfield. Inclusive of those described above, the following table summarizes balances with related parties as at June 30, 2023 and December 31, 2022: (US$ MILLIONS) June 30, 2023 December 31, 2022 Balances at end of period Financial assets $ 222 $ 118 Accounts and other receivable, net 267 579 Accounts payable and other (1) 514 603 Non-recourse borrowings in subsidiaries of the partnership 176 55 ____________________________________

DERIVATIVE FINANCIAL INSTRUME_2

DERIVATIVE FINANCIAL INSTRUMENTS (Tables)	6 Months Ended
DERIVATIVE FINANCIAL INSTRUMENTS (Tables)	Jun. 30, 2023
Financial Instruments [Abstract]
Disclosure of detailed information about hedging instruments	The aggregate fair values of the partnership’s derivative financial instrument positions as at June 30, 2023 and December 31, 2022 were as follows: June 30, 2023 December 31, 2022 (US$ MILLIONS) Financial Assets Financial Liabilities Financial Assets Financial Liabilities Foreign exchange contracts $ 134 $ (340) $ 121 $ (205) Cross currency swaps 13 (67) 35 (41) Interest rate derivatives 583 (163) 449 (135) Equity derivatives — (12) — (17) Commodities contracts 29 (30) 35 (71) Total $ 759 $ (612) $ 640 $ (469) Total current $ 153 $ (155) $ 133 $ (187) Total non-current $ 606 $ (457) $ 507 $ (282)

EQUITY (Tables)

EQUITY (Tables)	6 Months Ended
EQUITY (Tables)	Jun. 30, 2023
Equity [abstract]
Disclosure of classes of share capital	The following table provides a continuity of GP Units and LP Units outstanding for the six-month period ended June 30, 2023: UNITS GP Units LP Units Total Authorized and issued Opening balance 4 74,612,503 74,612,507 Conversion from BBUC exchangeable shares — 622 622 Issued as at June 30, 2023 4 74,613,125 74,613,129 UNITS Redemption-Exchange Units Authorized and issued Opening balance 69,705,497 Issued as at June 30, 2023 69,705,497 The table below provides a continuity of BBUC exchangeable shares outstanding for the six-month period ended June 30, 2023: SHARES BBUC exchangeable shares Balance as at January 1, 2023 72,955,585 Converted to LP Units (622) Issued as at June 30, 2023 72,954,963 UNITS Special limited partner units held by Brookfield Authorized and issued Opening balance 4 Issued as at June 30, 2023 4 ($US MILLIONS) Preferred securities held by Brookfield Opening balance $ 1,490 Balance as at June 30, 2023 $ 1,490

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	6 Months Ended
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	Jun. 30, 2023
Disclosure of analysis of other comprehensive income by item [abstract]
Disclosure of accumulated other comprehensive income (loss)	Attributable to Limited Partners The following tables present the changes in accumulated other comprehensive income (loss) reserves attributable to limited partners for the six months ended June 30, 2023 and 2022: (US$ MILLIONS) Foreign currency FVOCI Other (1) Accumulated other comprehensive income (loss) Balance as at January 1, 2023 $ (247) $ (8) $ 112 $ (143) Other comprehensive income (loss) 28 13 (19) 22 Ownership changes — — — — Balance as at June 30, 2023 $ (219) $ 5 $ 93 $ (121) ____________________________________ (1) Represents net investment hedges, cash flow hedges, insurance finance and other reserves. (US$ MILLIONS) Foreign currency FVOCI Other (1) Accumulated other comprehensive income (loss) Balance as at January 1, 2022 $ (252) $ 76 $ 23 $ (153) Adoption of new accounting standards (2) — — 1 1 As adjusted opening balance (252) 76 24 (152) Other comprehensive income (loss) (33) (73) 42 (64) Ownership changes 3 — 1 4 Issuance of BBUC exchangeable shares (3) $ 67 $ (15) $ (5) $ 47 Balance as at June 30, 2022 $ (215) $ (12) $ 62 $ (165) ____________________________________ (1) Represents net investment hedges, cash flow hedges, insurance finance and other reserves. (2) Refer to Note 2(b) for further details. (3) In connection with the special distribution of BBUC, $47 million of accumulated other comprehensive income (loss) was reallocated to BBUC exchangeable shares. Refer to Note 1 for further details.

DIRECT OPERATING COSTS (Tables)

DIRECT OPERATING COSTS (Tables)	6 Months Ended
DIRECT OPERATING COSTS (Tables)	Jun. 30, 2023
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, 2023 and 2022. Three Months Ended Six Months Ended (US$ MILLIONS) 2023 2022 2023 2022 Inventory costs $ 8,030 $ 9,838 $ 16,421 $ 18,591 Subcontractor and consultant costs 765 812 1,465 1,553 Concession construction materials and labor costs 85 81 160 160 Depreciation and amortization expense 907 776 1,807 1,470 Compensation 1,591 1,281 3,109 2,480 Other direct costs 952 890 1,834 2,015 Total $ 12,330 $ 13,678 $ 24,796 $ 26,269

REVENUES (Tables)

REVENUES (Tables)	6 Months Ended
REVENUES (Tables)	Jun. 30, 2023
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, 2023: Three Months Ended June 30, 2023 (US$ MILLIONS) Business services Infrastructure services Industrials Total Revenues by type Revenues from contracts with customers $ 7,514 $ 1,640 $ 3,620 $ 12,774 Other revenues 360 366 6 732 Total revenues $ 7,874 $ 2,006 $ 3,626 $ 13,506 Six Months Ended June 30, 2023 (US$ MILLIONS) Business services Infrastructure services Industrials Total Revenues by type Revenues from contracts with customers $ 15,116 $ 3,302 $ 7,423 $ 25,841 Other revenues 696 715 12 1,423 Total revenues $ 15,812 $ 4,017 $ 7,435 $ 27,264 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 Total Revenues by type Revenues from contracts with customers $ 8,839 $ 1,444 $ 3,675 $ 13,958 Other revenues 287 358 4 649 Total revenues $ 9,126 $ 1,802 $ 3,679 $ 14,607 Six Months Ended June 30, 2022 (US$ MILLIONS) Business services Infrastructure services Industrials Total Revenues by type Revenues from contracts with customers $ 16,807 $ 2,608 $ 7,341 $ 26,756 Other revenues 548 722 8 1,278 Total revenues $ 17,355 $ 3,330 $ 7,349 $ 28,034 Three Months Ended June 30, 2023 Total attributable to Unitholders Attributable to non-controlling interests As per IFRS Financials (US$ MILLIONS) Business Infrastructure services Industrials Corporate Total (1) Revenues $ 2,255 $ 789 $ 1,084 $ — $ 4,128 $ 9,378 $ 13,506 Direct operating costs (2) (2,004) (574) (868) (3) (3,449) (7,974) (11,423) General and administrative expenses (43) (43) (36) (26) (148) (250) (398) Gain (loss) on acquisitions / dispositions, net (3) 22 — — — 22 65 87 Gain (loss) on acquisitions / dispositions, net recorded in equity (4) 8 — — — 8 23 31 Other income (expense), net (5) — 6 1 — 7 9 16 Interest income (expense), net (79) (109) (104) (34) (326) (606) (932) Current income tax (expense) recovery (51) (6) (24) — (81) (186) (267) Preferred equity distributions — — — (22) (22) 22 — Equity accounted Adjusted EFO (6) 11 25 10 — 46 29 75 Adjusted EFO 119 88 63 (85) 185 Depreciation and amortization expense (2)(7) (294) (613) (907) Impairment reversal (expense), net (3) (4) (7) Gain (loss) on acquisitions / dispositions, net recorded in equity (4) (8) (23) (31) Other income (expense), net (5) 16 106 122 Deferred income tax (expense) recovery 90 126 216 Non-cash items attributable to equity accounted investments (6) (34) (13) (47) Net income (loss) $ (48) $ 89 $ 41 (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 shareholders. (2) The sum of these amounts equates to direct operating costs of $12,330 million as per the unaudited interim condensed consolidated statements of operating results. (3) Gain (loss) on acquisitions/dispositions, net recorded in Adjusted EFO of $22 million represents the partnership’s economic ownership interest of gains on dispositions related to the partnership’s dealer software and technology services operations’ sale of a non-core division servicing the heavy equipment sector. (4) Gain (loss) on acquisitions/dispositions, net recorded in equity in Adjusted EFO of $8 million represents the partnership's economic ownership interest of realized gains related to secured debentures. (5) The sum of these amounts equates to other income (expense), net of $138 million as per the unaudited interim condensed consolidated statements of operating results. Other income (expense), net at the partnership’s economic ownership interest that is excluded from Adjusted EFO of $16 million includes, $44 million of net gains on debt modification and extinguishment, $20 million of business separation expenses, stand-up costs and restructuring charges, $17 million of transaction costs, $19 million of net revaluation gains and $10 million of other expense. (6) The sum of these amounts equates to equity accounted income (loss), net of $28 million as per the unaudited interim condensed consolidated statements of operating results. (7) For the three months ended June 30, 2023, depreciation and amortization expense by segment is as follows: business services $252 million, infrastructure services $301 million, industrials $354 million, and corporate and other $nil. Six Months Ended June 30, 2023 Total attributable to Unitholders Attributable to non-controlling interests As per IFRS Financials (US$ MILLIONS) Business Infrastructure services Industrials Corporate Total (1) Revenues $ 4,465 $ 1,601 $ 2,237 $ — $ 8,303 $ 18,961 $ 27,264 Direct operating costs (2) (3,971) (1,160) (1,780) (11) (6,922) (16,067) (22,989) General and administrative expenses (88) (86) (73) (52) (299) (500) (799) Gain (loss) on acquisitions / dispositions, net (3) 89 6 — — 95 73 168 Gain (loss) on acquisitions / dispositions, net in equity (4) 14 — 64 — 78 147 225 Other income (expense), net (5) — 6 2 — 8 11 19 Interest income (expense), net (140) (212) (201) (65) (618) (1,179) (1,797) Current income tax (expense) recovery (59) (30) (44) 7 (126) (267) (393) Distributions attributable to preferred equity in operating subsidiaries — — — (44) (44) 44 — Equity accounted Adjusted EFO (6) 22 49 20 — 91 65 156 Adjusted EFO 332 174 225 (165) 566 Depreciation and amortization expense (2)(7) (586) (1,221) (1,807) Impairment reversal (expense), net (3) (4) (7) Gain (loss) on acquisitions / dispositions, net in equity (4) (78) (147) (225) Other income (expense), net (5) 83 165 248 Deferred income tax (expense) recovery 115 169 284 Non-cash items attributable to equity accounted investments (6) (71) (32) (103) Net income (loss) $ 26 $ 218 $ 244 (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 shareholders. (2) The sum of these amounts equates to direct operating costs of $24,796 million as per the unaudited interim condensed consolidated statements of operating results. (3) Gain (loss) on acquisitions/dispositions, net recorded in Adjusted EFO of $95 million represents the partnership’s economic ownership interest of gains relating to $67 million from the disposition of the partnership’s residential property management operations, $22 million from the dispositions related to the partnership’s dealer software and technology services operations sale of a non-core division servicing the heavy equipment sector, and $6 million from the disposition of the partnership’s nuclear technology services operations’ power delivery business. (4) Gain (loss) on acquisitions/dispositions, net recorded in equity in Adjusted EFO of $78 million represents the partnership’s economic interest of gains of $8 million related to secured debentures and $70 million related to the partnership’s economic ownership interest of gains on disposition of the partnership’s public securities. (5) The sum of these amounts equates to other income (expense), net of $267 million as per the unaudited interim condensed consolidated statements of operating results. Other income (expense), net at the partnership’s economic ownership interest that is excluded from Adjusted EFO of $83 million includes $147 million of net gains on debt modification and extinguishment, $34 million of business separation expenses, stand-up costs and restructuring charges, $26 million of transaction costs, $18 million of net revaluation gains, and $22 million of other expense. (6) The sum of these amounts equates to equity accounted income (loss), net of $53 million as per the unaudited interim condensed consolidated statements of operating results. (7) For the six months ended June 30, 2023, depreciation and amortization expense by segment is as follows: business services $505 million, infrastructure services $604 million, industrials $698 million, and corporate and other $nil. Three Months Ended June 30, 2022 Total attributable to Unitholders Attributable to non-controlling interests As per IFRS Financials (US$ MILLIONS) Business Infrastructure services Industrials Corporate Total (1) Revenues $ 2,468 $ 706 $ 1,120 $ — $ 4,294 $ 10,313 $ 14,607 Direct operating costs (2) (2,296) (507) (906) (6) (3,715) (9,187) (12,902) General and administrative expenses (34) (33) (33) (26) (126) (180) (306) Gain (loss) on acquisitions / dispositions, net recorded in equity (3) 19 — — — 19 — 19 Other income (expense), net (4) — 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 (5) 13 25 18 — 56 28 84 Adjusted EFO 138 124 101 (34) 329 Depreciation and amortization expense (2)(6) (262) (514) (776) Impairment expense, net 41 37 78 Gain (loss) on acquisitions / dispositions, net recorded in equity (3) (19) — (19) Other income (expense), net (4) (87) (154) (241) Deferred income tax (expense) recovery 165 222 387 Non-cash items attributable to equity accounted investments (5) (30) (13) (43) Net income (loss) $ 137 $ 143 $ 280 (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 $13,678 million as per the unaudited interim condensed consolidated statements of operating results. (3) 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. (4) 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 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. (5) 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. (6) For the three months ended June 30, 2022, depreciation and amortization expense by segment is as follows: business services $108 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 $ 4,742 $ 1,318 $ 2,227 $ — $ 8,287 $ 19,747 $ 28,034 Direct operating costs (2) (4,455) (908) (1,787) (12) (7,162) (17,637) (24,799) General and administrative expenses (64) (62) (65) (53) (244) (360) (604) Gain (loss) on acquisitions / dispositions, net recorded in equity (3) 19 — — — 19 — 19 Other income (expense), net (4) 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 (5) 20 43 36 — 99 55 154 Adjusted EFO 198 263 223 (65) 619 Depreciation and amortization expense (2)(6) (494) (976) (1,470) Gain (loss) on acquisitions / dispositions, net recorded in equity (3) (19) — (19) Impairment reversal (expense), net 41 37 78 Other income (expense), net (4) (115) (201) (316) Deferred income tax (expense) recovery 168 259 427 Non-cash items attributable to equity accounted investments (5) (47) (16) (63) Net income (loss) $ 153 $ 117 $ 270 (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 shareholders. (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) Gain (loss) on acquisitions/dispositions, net recorded in equity in Adjusted EFO of $19 million represents the partnership’s economic interest in gains (losses) on disposition related to the sale of a financial asset measured at FVOCI. (4) 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 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 expense. (5) 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. (6) For the six months ended June 30, 2022, depreciation and amortization expense by segment is as follows: business services $214 million, infrastructure services $591 million, industrials $665 million, and corporate and other $nil. The following table presents the partnership’s assets by reportable operating segment as at June 30, 2023 and December 31, 2022: (US$ MILLIONS) As at As at Business services $ 38,565 $ 37,939 Infrastructure services 23,367 22,606 Industrials 28,135 28,112 Corporate and other 247 593 Total $ 90,314 $ 89,250
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, 2023: Three Months Ended June 30, 2023 (US$ MILLIONS) Business services Infrastructure services Industrials Total Timing of revenue recognition Goods and services provided at a point in time $ 6,116 $ 476 $ 3,517 $ 10,109 Services transferred over a period of time 1,398 1,164 103 2,665 Total revenues from contracts with customers $ 7,514 $ 1,640 $ 3,620 $ 12,774 Six Months Ended June 30, 2023 (US$ MILLIONS) Business services Infrastructure services Industrials Total Timing of revenue recognition Goods and services provided at a point in time $ 12,351 $ 1,050 $ 7,228 $ 20,629 Services transferred over a period of time 2,765 2,252 195 5,212 Total revenues from contracts with customers $ 15,116 $ 3,302 $ 7,423 $ 25,841 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 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 Six Months Ended June 30, 2022 (US$ MILLIONS) Business services Infrastructure services Industrials 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
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, 2023: Three Months Ended June 30, 2023 (US$ MILLIONS) Business services Infrastructure services Industrials Total United Kingdom $ 4,453 $ 162 $ 81 $ 4,696 United States of America 515 850 1,526 2,891 Europe 477 438 824 1,739 Australia 993 48 34 1,075 Canada 643 43 146 832 Brazil 201 23 384 608 Mexico — — 287 287 Other 232 76 338 646 Total revenues from contracts with customers $ 7,514 $ 1,640 $ 3,620 $ 12,774 Other revenues 360 366 6 732 Total revenues $ 7,874 $ 2,006 $ 3,626 $ 13,506 Six Months Ended June 30, 2023 (US$ MILLIONS) Business services Infrastructure services Industrials Total United Kingdom $ 8,828 $ 299 $ 170 $ 9,297 United States of America 1,076 1,731 3,121 5,928 Europe 1,098 857 1,715 3,670 Australia 1,996 100 66 2,162 Canada 1,254 78 304 1,636 Brazil 376 52 796 1,224 Mexico — — 544 544 Other 488 185 707 1,380 Total revenues from contracts with customers $ 15,116 $ 3,302 $ 7,423 $ 25,841 Other revenues 696 715 12 1,423 Total revenues $ 15,812 $ 4,017 $ 7,435 $ 27,264 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 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 287 358 4 649 Total revenues $ 9,126 $ 1,802 $ 3,679 $ 14,607 Six Months Ended June 30, 2022 (US$ MILLIONS) Business services Infrastructure services Industrials 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 548 722 8 1,278 Total revenues $ 17,355 $ 3,330 $ 7,349 $ 28,034

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	6 Months Ended
SEGMENT INFORMATION (Tables)	Jun. 30, 2023
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, 2023: Three Months Ended June 30, 2023 (US$ MILLIONS) Business services Infrastructure services Industrials Total Revenues by type Revenues from contracts with customers $ 7,514 $ 1,640 $ 3,620 $ 12,774 Other revenues 360 366 6 732 Total revenues $ 7,874 $ 2,006 $ 3,626 $ 13,506 Six Months Ended June 30, 2023 (US$ MILLIONS) Business services Infrastructure services Industrials Total Revenues by type Revenues from contracts with customers $ 15,116 $ 3,302 $ 7,423 $ 25,841 Other revenues 696 715 12 1,423 Total revenues $ 15,812 $ 4,017 $ 7,435 $ 27,264 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 Total Revenues by type Revenues from contracts with customers $ 8,839 $ 1,444 $ 3,675 $ 13,958 Other revenues 287 358 4 649 Total revenues $ 9,126 $ 1,802 $ 3,679 $ 14,607 Six Months Ended June 30, 2022 (US$ MILLIONS) Business services Infrastructure services Industrials Total Revenues by type Revenues from contracts with customers $ 16,807 $ 2,608 $ 7,341 $ 26,756 Other revenues 548 722 8 1,278 Total revenues $ 17,355 $ 3,330 $ 7,349 $ 28,034 Three Months Ended June 30, 2023 Total attributable to Unitholders Attributable to non-controlling interests As per IFRS Financials (US$ MILLIONS) Business Infrastructure services Industrials Corporate Total (1) Revenues $ 2,255 $ 789 $ 1,084 $ — $ 4,128 $ 9,378 $ 13,506 Direct operating costs (2) (2,004) (574) (868) (3) (3,449) (7,974) (11,423) General and administrative expenses (43) (43) (36) (26) (148) (250) (398) Gain (loss) on acquisitions / dispositions, net (3) 22 — — — 22 65 87 Gain (loss) on acquisitions / dispositions, net recorded in equity (4) 8 — — — 8 23 31 Other income (expense), net (5) — 6 1 — 7 9 16 Interest income (expense), net (79) (109) (104) (34) (326) (606) (932) Current income tax (expense) recovery (51) (6) (24) — (81) (186) (267) Preferred equity distributions — — — (22) (22) 22 — Equity accounted Adjusted EFO (6) 11 25 10 — 46 29 75 Adjusted EFO 119 88 63 (85) 185 Depreciation and amortization expense (2)(7) (294) (613) (907) Impairment reversal (expense), net (3) (4) (7) Gain (loss) on acquisitions / dispositions, net recorded in equity (4) (8) (23) (31) Other income (expense), net (5) 16 106 122 Deferred income tax (expense) recovery 90 126 216 Non-cash items attributable to equity accounted investments (6) (34) (13) (47) Net income (loss) $ (48) $ 89 $ 41 (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 shareholders. (2) The sum of these amounts equates to direct operating costs of $12,330 million as per the unaudited interim condensed consolidated statements of operating results. (3) Gain (loss) on acquisitions/dispositions, net recorded in Adjusted EFO of $22 million represents the partnership’s economic ownership interest of gains on dispositions related to the partnership’s dealer software and technology services operations’ sale of a non-core division servicing the heavy equipment sector. (4) Gain (loss) on acquisitions/dispositions, net recorded in equity in Adjusted EFO of $8 million represents the partnership's economic ownership interest of realized gains related to secured debentures. (5) The sum of these amounts equates to other income (expense), net of $138 million as per the unaudited interim condensed consolidated statements of operating results. Other income (expense), net at the partnership’s economic ownership interest that is excluded from Adjusted EFO of $16 million includes, $44 million of net gains on debt modification and extinguishment, $20 million of business separation expenses, stand-up costs and restructuring charges, $17 million of transaction costs, $19 million of net revaluation gains and $10 million of other expense. (6) The sum of these amounts equates to equity accounted income (loss), net of $28 million as per the unaudited interim condensed consolidated statements of operating results. (7) For the three months ended June 30, 2023, depreciation and amortization expense by segment is as follows: business services $252 million, infrastructure services $301 million, industrials $354 million, and corporate and other $nil. Six Months Ended June 30, 2023 Total attributable to Unitholders Attributable to non-controlling interests As per IFRS Financials (US$ MILLIONS) Business Infrastructure services Industrials Corporate Total (1) Revenues $ 4,465 $ 1,601 $ 2,237 $ — $ 8,303 $ 18,961 $ 27,264 Direct operating costs (2) (3,971) (1,160) (1,780) (11) (6,922) (16,067) (22,989) General and administrative expenses (88) (86) (73) (52) (299) (500) (799) Gain (loss) on acquisitions / dispositions, net (3) 89 6 — — 95 73 168 Gain (loss) on acquisitions / dispositions, net in equity (4) 14 — 64 — 78 147 225 Other income (expense), net (5) — 6 2 — 8 11 19 Interest income (expense), net (140) (212) (201) (65) (618) (1,179) (1,797) Current income tax (expense) recovery (59) (30) (44) 7 (126) (267) (393) Distributions attributable to preferred equity in operating subsidiaries — — — (44) (44) 44 — Equity accounted Adjusted EFO (6) 22 49 20 — 91 65 156 Adjusted EFO 332 174 225 (165) 566 Depreciation and amortization expense (2)(7) (586) (1,221) (1,807) Impairment reversal (expense), net (3) (4) (7) Gain (loss) on acquisitions / dispositions, net in equity (4) (78) (147) (225) Other income (expense), net (5) 83 165 248 Deferred income tax (expense) recovery 115 169 284 Non-cash items attributable to equity accounted investments (6) (71) (32) (103) Net income (loss) $ 26 $ 218 $ 244 (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 shareholders. (2) The sum of these amounts equates to direct operating costs of $24,796 million as per the unaudited interim condensed consolidated statements of operating results. (3) Gain (loss) on acquisitions/dispositions, net recorded in Adjusted EFO of $95 million represents the partnership’s economic ownership interest of gains relating to $67 million from the disposition of the partnership’s residential property management operations, $22 million from the dispositions related to the partnership’s dealer software and technology services operations sale of a non-core division servicing the heavy equipment sector, and $6 million from the disposition of the partnership’s nuclear technology services operations’ power delivery business. (4) Gain (loss) on acquisitions/dispositions, net recorded in equity in Adjusted EFO of $78 million represents the partnership’s economic interest of gains of $8 million related to secured debentures and $70 million related to the partnership’s economic ownership interest of gains on disposition of the partnership’s public securities. (5) The sum of these amounts equates to other income (expense), net of $267 million as per the unaudited interim condensed consolidated statements of operating results. Other income (expense), net at the partnership’s economic ownership interest that is excluded from Adjusted EFO of $83 million includes $147 million of net gains on debt modification and extinguishment, $34 million of business separation expenses, stand-up costs and restructuring charges, $26 million of transaction costs, $18 million of net revaluation gains, and $22 million of other expense. (6) The sum of these amounts equates to equity accounted income (loss), net of $53 million as per the unaudited interim condensed consolidated statements of operating results. (7) For the six months ended June 30, 2023, depreciation and amortization expense by segment is as follows: business services $505 million, infrastructure services $604 million, industrials $698 million, and corporate and other $nil. Three Months Ended June 30, 2022 Total attributable to Unitholders Attributable to non-controlling interests As per IFRS Financials (US$ MILLIONS) Business Infrastructure services Industrials Corporate Total (1) Revenues $ 2,468 $ 706 $ 1,120 $ — $ 4,294 $ 10,313 $ 14,607 Direct operating costs (2) (2,296) (507) (906) (6) (3,715) (9,187) (12,902) General and administrative expenses (34) (33) (33) (26) (126) (180) (306) Gain (loss) on acquisitions / dispositions, net recorded in equity (3) 19 — — — 19 — 19 Other income (expense), net (4) — 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 (5) 13 25 18 — 56 28 84 Adjusted EFO 138 124 101 (34) 329 Depreciation and amortization expense (2)(6) (262) (514) (776) Impairment expense, net 41 37 78 Gain (loss) on acquisitions / dispositions, net recorded in equity (3) (19) — (19) Other income (expense), net (4) (87) (154) (241) Deferred income tax (expense) recovery 165 222 387 Non-cash items attributable to equity accounted investments (5) (30) (13) (43) Net income (loss) $ 137 $ 143 $ 280 (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 $13,678 million as per the unaudited interim condensed consolidated statements of operating results. (3) 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. (4) 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 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. (5) 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. (6) For the three months ended June 30, 2022, depreciation and amortization expense by segment is as follows: business services $108 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 $ 4,742 $ 1,318 $ 2,227 $ — $ 8,287 $ 19,747 $ 28,034 Direct operating costs (2) (4,455) (908) (1,787) (12) (7,162) (17,637) (24,799) General and administrative expenses (64) (62) (65) (53) (244) (360) (604) Gain (loss) on acquisitions / dispositions, net recorded in equity (3) 19 — — — 19 — 19 Other income (expense), net (4) 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 (5) 20 43 36 — 99 55 154 Adjusted EFO 198 263 223 (65) 619 Depreciation and amortization expense (2)(6) (494) (976) (1,470) Gain (loss) on acquisitions / dispositions, net recorded in equity (3) (19) — (19) Impairment reversal (expense), net 41 37 78 Other income (expense), net (4) (115) (201) (316) Deferred income tax (expense) recovery 168 259 427 Non-cash items attributable to equity accounted investments (5) (47) (16) (63) Net income (loss) $ 153 $ 117 $ 270 (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 shareholders. (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) Gain (loss) on acquisitions/dispositions, net recorded in equity in Adjusted EFO of $19 million represents the partnership’s economic interest in gains (losses) on disposition related to the sale of a financial asset measured at FVOCI. (4) 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 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 expense. (5) 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. (6) For the six months ended June 30, 2022, depreciation and amortization expense by segment is as follows: business services $214 million, infrastructure services $591 million, industrials $665 million, and corporate and other $nil. The following table presents the partnership’s assets by reportable operating segment as at June 30, 2023 and December 31, 2022: (US$ MILLIONS) As at As at Business services $ 38,565 $ 37,939 Infrastructure services 23,367 22,606 Industrials 28,135 28,112 Corporate and other 247 593 Total $ 90,314 $ 89,250

SUPPLEMENTAL CASH FLOW INFORM_2

SUPPLEMENTAL CASH FLOW INFORMATION (Tables)	6 Months Ended
SUPPLEMENTAL CASH FLOW INFORMATION (Tables)	Jun. 30, 2023
Cash Flow Statement [Abstract]
Disclosure of interest and income taxes paid	Six Months Ended (US$ MILLIONS) 2023 2022 Net interest paid (received) $ 1,264 $ 647 Net income taxes paid (received) 1,192 134
Disclosure of changes in non-cash working capital	Details of “ Changes in non-cash working capital, net ” on the unaudited interim condensed consolidated statements of cash flow are as follows: Six Months Ended (US$ MILLIONS) 2023 2022 Accounts receivable $ (612) $ (762) Inventory 361 (884) Prepayments and other (655) (226) Accounts payable and other 432 521 Changes in non-cash working capital, net $ (474) $ (1,351)

INSURANCE CONTRACTS (Tables)

INSURANCE CONTRACTS (Tables)	6 Months Ended
INSURANCE CONTRACTS (Tables)	Jun. 30, 2023
Insurance Contracts [Abstract]
Schedule of liabilities under insurance contracts	The following table shows the reconciliation from the opening to the closing balances of the insurance liabilities related to the partnership’s insurance contracts from its residential mortgage insurer, analyzed by measurement components. (US$ MILLIONS) Estimates of present value of future cash flows Risk adjustment Contractual service margin Total Insurance liabilities, as at January 1, 2023 $ 352 $ 585 $ 965 $ 1,902 Change during period: Changes that relate to current service: Contractual service margin recognized for services provided — — (146) (146) Change in risk adjustment recognized for the risk expired — (41) — (41) Experience adjustments (15) — — (15) Changes that relate to future service: Contracts initially recognized in the period (130) 48 82 — Changes in estimates that adjust the contractual service margin 50 (120) 70 — Changes that relate to past services: Adjustments to liabilities for incurred claims 11 2 — 13 Insurance finance income/(expenses) (3) 15 11 23 Foreign currency translation 9 12 22 43 (78) (84) 39 (123) Cash flows: Premiums received 194 — — 194 Claims and other insurance service expenses paid (31) — — (31) Insurance acquisition cash flows (28) — — (28) Insurance liabilities, as at June 30, 2023 $ 409 $ 501 $ 1,004 $ 1,914

NATURE AND DESCRIPTION OF THE_2

NATURE AND DESCRIPTION OF THE PARTNERSHIP - Narrative (Details) - shares	Mar. 16, 2022	Jun. 30, 2023	Dec. 31, 2022	Mar. 15, 2022	Mar. 14, 2022
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)		72,954,963	72,955,585		35,000,000
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

MATERIAL ACCOUNTING POLICY IN_3

MATERIAL ACCOUNTING POLICY INFORMATION - Narrative (Details) - USD ($) $ / shares in Units, $ in Millions		3 Months Ended	6 Months Ended
	Jan. 01, 2022	Jun. 30, 2022	Jun. 30, 2022	Dec. 31, 2022
Corporate information and statement of IFRS compliance [abstract]
Increase in equity	$ 17
Decrease in other assets				$ 153
Decrease in intangible assets				95
Decrease in accounts payable				$ 199
Decrease in revenues		$ 19	$ 64
Decrease in direct operating cost		4	0
Decrease in general and administrative Expenses		4	6
Decrease in deferred tax		$ 5	$ 15
Decrease in basis earnings per unit (in dollars per share)		$ 0.03	$ 0.11
Decreas in diluted earnings per unit (in dollars per share)		$ 0.03	$ 0.11
Decrease in finance reserve		$ 40	$ 49
Decrease in deferred tax recovery		$ 11	$ 13

ACQUISITION OF BUSINESSES - Acq

ACQUISITION OF BUSINESSES - Acquisition Completed in 2023 (Details) - Mobile Mini Solutions $ in Millions	Jan. 31, 2023 USD ($)
Disclosure of detailed information about business combination [line items]
Proportion of voting rights held in subsidiary	100%
Goodwill recognised as of acquisition date	$ 166
Customer-related intangible assets recognised as of acquisition date	53
Property, plant and equipment	255
Contingent and other non-cash consideration	55
Acquisition-related costs	$ 10
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	$ 419

ACQUISITION OF BUSINESSES - Sch

ACQUISITION OF BUSINESSES - Schedule of Acquisitions Completed in 2022 (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Disclosure of detailed information about business combination [line items]
Financial assets	$ 11,572	$ 10,929
Various acquisitions
Disclosure of detailed information about business combination [line items]
Cash		17,528
Contingent and other non-cash consideration		745
Total consideration		18,273
Cash and cash equivalents		829
Accounts receivable and other, net		1,015
Inventory, net		301
Property, plant and equipment		1,180
Intangible assets		10,456
Goodwill		7,421
Deferred income tax assets		1
Financial assets		4,546
Equity accounted investments and other assets		736
Accounts payable and other		(1,957)
Non-recourse borrowings in subsidiaries of the partnership		(4,543)
Deferred income tax liabilities		(1,633)
Net assets acquired before non-controlling interests		18,352
Non-controlling interests acquired		(79)
Net assets acquired		18,273
Various acquisitions \| Business services
Disclosure of detailed information about business combination [line items]
Cash		10,381
Contingent and other non-cash consideration		491
Total consideration		10,872
Cash and cash equivalents		739
Accounts receivable and other, net		523
Inventory, net		15
Property, plant and equipment		774
Intangible assets		5,727
Goodwill		5,544
Deferred income tax assets		1
Financial assets		4,542
Equity accounted investments and other assets		426
Accounts payable and other		(1,460)
Non-recourse borrowings in subsidiaries of the partnership		(4,543)
Deferred income tax liabilities		(1,337)
Net assets acquired before non-controlling interests		10,951
Non-controlling interests acquired		(79)
Net assets acquired		10,872
Various acquisitions \| Infrastructure services
Disclosure of detailed information about business combination [line items]
Cash		6,488
Contingent and other non-cash consideration		29
Total consideration		6,517
Cash and cash equivalents		76
Accounts receivable and other, net		456
Inventory, net		169
Property, plant and equipment		364
Intangible assets		4,373
Goodwill		1,499
Deferred income tax assets		0
Financial assets		4
Equity accounted investments and other assets		309
Accounts payable and other		(451)
Non-recourse borrowings in subsidiaries of the partnership		0
Deferred income tax liabilities		(282)
Net assets acquired before non-controlling interests		6,517
Non-controlling interests acquired		0
Net assets acquired		6,517
Various acquisitions \| Industrials
Disclosure of detailed information about business combination [line items]
Cash		659
Contingent and other non-cash consideration		225
Total consideration		884
Cash and cash equivalents		14
Accounts receivable and other, net		36
Inventory, net		117
Property, plant and equipment		42
Intangible assets		356
Goodwill		378
Deferred income tax assets		0
Financial assets		0
Equity accounted investments and other assets		1
Accounts payable and other		(46)
Non-recourse borrowings in subsidiaries of the partnership		0
Deferred income tax liabilities		(14)
Net assets acquired before non-controlling interests		884
Non-controlling interests acquired		0
Net assets acquired		$ 884

ACQUISITION OF BUSINESSES - Bus

ACQUISITION OF BUSINESSES - Business Service (Details) - USD ($) $ in Millions	Jan. 31, 2023	Oct. 01, 2022	Aug. 02, 2022	Jul. 26, 2022	May 31, 2022	Jul. 06, 2022
Mobile Mini Solutions
Disclosure of detailed information about business combination [line items]
Proportion of voting rights held in subsidiary	100%
Goodwill recognised as of acquisition date	$ 166
Acquisition-related costs	10
Customer-related intangible assets recognised as of acquisition date	53
Property, plant and equipment	$ 255
La Trobe Financial Services \| Business services
Disclosure of detailed information about business combination [line items]
Identifiable intangible assets recognised as of acquisition date					$ 655
Loans receivable					4,500
Borrowings recognised as of acquisition date					4,500
Net other liabilities recognised as of acquisition date					14
Acquisition-related costs					8
CDK Global, Inc. \| Business services
Disclosure of detailed information about business combination [line items]
Proportion of voting rights held in subsidiary				100%
Useful life measured as period of time, intangible assets other than goodwill				15 years
Mangati - Sole Proprietorship LLC \| Business services
Disclosure of detailed information about business combination [line items]
Percentage of voting equity interests acquired			40%
Proportion of voting rights held in subsidiary			60%
Identifiable intangible assets recognised as of acquisition date			$ 226
Net other liabilities recognised as of acquisition date			308
Acquisition-related costs			3
Financial assets			$ 345
Unidas Locadora SA \| Business services
Disclosure of detailed information about business combination [line items]
Proportion of voting rights held in subsidiary		100%
Net other liabilities recognised as of acquisition date		$ 36
Acquisition-related costs		$ 1
Brookfield Business Partners L.P. and Institutional Investors \| Mobile Mini Solutions
Disclosure of detailed information about business combination [line items]
Percentage of voting equity interests acquired	100%
Consideration transferred	$ 419
Brookfield Business Partners L.P. and Institutional Investors \| La Trobe Financial Services \| Business services
Disclosure of detailed information about business combination [line items]
Consideration transferred					1,100
Goodwill recognised as of acquisition date					$ 384
Brookfield Business Partners L.P. and Institutional Investors \| CDK Global, Inc. \| Customer-related intangible assets
Disclosure of detailed information about business combination [line items]
Customer-related intangible assets recognised as of acquisition date				$ 3,800
Brookfield Business Partners L.P. and Institutional Investors \| CDK Global, Inc. \| Technology-based intangible assets
Disclosure of detailed information about business combination [line items]
Technology-based intangible assets recognised as of acquisition date				700
Brookfield Business Partners L.P. and Institutional Investors \| CDK Global, Inc. \| Brand names
Disclosure of detailed information about business combination [line items]
Brand-based intangible assets recognised as of acquisition date				$ 300
Brookfield Business Partners L.P. and Institutional Investors \| CDK Global, Inc. \| Business services
Disclosure of detailed information about business combination [line items]
Percentage of voting equity interests acquired				100%
Consideration transferred				$ 8,300
Goodwill recognised as of acquisition date				4,600
Acquisition-related costs				15
Cash and cash equivalents				301
Accounts receivable and other, net				377
Trade and other payables recognised as of acquisition date				953
Deferred tax liabilities recognised as of acquisition date				1,100
Net other assets recognised as of acquisition date				$ 361
Non-controlling interest in acquiree recognised at acquisition date						$ 81
Brookfield Business Partners L.P. and Institutional Investors \| CDK Global, Inc. \| Business services \| Customer-related intangible assets
Disclosure of detailed information about business combination [line items]
Useful life measured as period of time, intangible assets other than goodwill				15 years
Brookfield Business Partners L.P. and Institutional Investors \| CDK Global, Inc. \| Business services \| Technology-based intangible assets \| Minimum
Disclosure of detailed information about business combination [line items]
Useful life measured as period of time, intangible assets other than goodwill				3 years
Brookfield Business Partners L.P. and Institutional Investors \| CDK Global, Inc. \| Business services \| Technology-based intangible assets \| Maximum
Disclosure of detailed information about business combination [line items]
Useful life measured as period of time, intangible assets other than goodwill				5 years
Brookfield Business Partners L.P. and Institutional Investors \| CDK Global, Inc. \| Business services \| Brand names
Disclosure of detailed information about business combination [line items]
Useful life measured as period of time, intangible assets other than goodwill				15 years
Brookfield Business Partners L.P. and Institutional Investors \| Mangati - Sole Proprietorship LLC \| Business services
Disclosure of detailed information about business combination [line items]
Percentage of voting equity interests acquired			60%
Consideration transferred			$ 763
Goodwill recognised as of acquisition date			$ 500
Brookfield Business Partners L.P. and Institutional Investors \| Unidas Locadora SA \| Business services
Disclosure of detailed information about business combination [line items]
Percentage of voting equity interests acquired		100%
Consideration transferred		$ 731
Goodwill recognised as of acquisition date		103
Property, plant and equipment		$ 664

ACQUISITION OF BUSINESSES - Inf

ACQUISITION OF BUSINESSES - Infrastructure Services (Details) - Infrastructure services - USD ($) $ in Millions	May 27, 2022	Apr. 04, 2022
Scientific Games LLC
Disclosure of detailed information about business combination [line items]
Proportion of voting rights held in subsidiary		100%
Goodwill recognised as of acquisition date		$ 1,200
Customer-related intangible assets recognised as of acquisition date		$ 2,800
Useful life measured as period of time, intangible assets other than goodwill		20 years
Brand-based intangible assets recognised as of acquisition date		$ 1,000
Software-based intangible assets recognised as of acquisition date		200
Net other assets recognised as of acquisition date		555
Acquisition-related costs		$ 16
Scientific Games LLC \| Customer-related intangible assets
Disclosure of detailed information about business combination [line items]
Useful life measured as period of time, intangible assets other than goodwill		20 years
BHI Energy
Disclosure of detailed information about business combination [line items]
Proportion of voting rights held in subsidiary	100%
Goodwill recognised as of acquisition date	$ 257
Net other assets recognised as of acquisition date	90
Acquisition-related costs	8
Identifiable intangible assets recognised as of acquisition date	390
Goodwill expected to be deductible for tax purposes	$ 68
Brookfield Business Partners L.P. and Institutional Investors \| Scientific Games LLC
Disclosure of detailed information about business combination [line items]
Percentage of voting equity interests acquired		100%
Consideration transferred		$ 5,800
Brookfield Business Partners L.P. and Institutional Investors \| BHI Energy
Disclosure of detailed information about business combination [line items]
Percentage of voting equity interests acquired	100%
Consideration transferred	$ 737

ACQUISITION OF BUSINESSES - Ind

ACQUISITION OF BUSINESSES - Industrials Segment (Details) - TexTrail Inc. - Industrials $ in Millions	Oct. 05, 2022 USD ($)
Disclosure of detailed information about business combination [line items]
Proportion of voting rights held in subsidiary	100%
Goodwill recognised as of acquisition date	$ 378
Goodwill expected to be deductible for tax purposes	319
Identifiable intangible assets recognised as of acquisition date	356
Net other assets recognised as of acquisition date	150
Acquisition-related costs	$ 6
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	$ 884

FAIR VALUE OF FINANCIAL INSTR_3

FAIR VALUE OF FINANCIAL INSTRUMENTS - Financial Instruments Classification (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Disclosure of financial assets [line items]
Financial assets	$ 24,187	$ 23,525
Disclosure of financial liabilities [line items]
Financial liabilities	59,619	59,434
FVTPL
Disclosure of financial liabilities [line items]
Financial liabilities	778	818
FVOCI
Disclosure of financial liabilities [line items]
Financial liabilities	347	223
Amortized cost
Disclosure of financial liabilities [line items]
Financial liabilities	58,494	58,393
FVTPL
Disclosure of financial assets [line items]
Financial assets	906	960
FVOCI
Disclosure of financial assets [line items]
Financial assets	5,646	5,585
Amortized cost
Disclosure of financial assets [line items]
Financial assets	17,635	16,980
Accounts payable and other (current and non-current)
Disclosure of financial liabilities [line items]
Financial liabilities	12,721	12,741
Accounts payable and other (current and non-current) \| FVTPL
Disclosure of financial liabilities [line items]
Financial liabilities	778	818
Accounts payable and other (current and non-current) \| FVOCI
Disclosure of financial liabilities [line items]
Financial liabilities	347	223
Accounts payable and other (current and non-current) \| Amortized cost
Disclosure of financial liabilities [line items]
Financial liabilities	11,596	11,700
Borrowings (current and non-current)
Disclosure of financial liabilities [line items]
Financial liabilities	46,898	46,693
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	46,898	46,693
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	8,242	7,689
Cash and cash equivalents
Disclosure of financial assets [line items]
Financial assets	3,022	2,870
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	3,022	2,870
Accounts and other receivable, net (current and non-current)
Disclosure of financial assets [line items]
Financial assets	7,188	7,278
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	7,188	7,278
Other assets (current and non-current)
Disclosure of financial assets [line items]
Financial assets	548	469
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	548	469
Financial assets (current and non-current)
Disclosure of financial assets [line items]
Financial assets	13,429	12,908
Financial assets (current and non-current) \| FVTPL
Disclosure of financial assets [line items]
Financial assets	906	960
Financial assets (current and non-current) \| FVOCI
Disclosure of financial assets [line items]
Financial assets	5,646	5,585
Financial assets (current and non-current) \| Amortized cost
Disclosure of financial assets [line items]
Financial assets	6,877	6,363
Prepayments, subrogation recoverable, deferred policy acquisition costs and assets held for sale
Disclosure of financial assets [line items]
Financial assets	$ 2,770
Prepayments, subrogation recoverable and other assets
Disclosure of financial assets [line items]
Financial assets		$ 1,904

FAIR VALUE OF FINANCIAL INSTR_4

FAIR VALUE OF FINANCIAL INSTRUMENTS - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022	Dec. 31, 2021
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]
Cash	$ 2,113		$ 2,113		$ 2,229
Cash equivalents	909		909		641
Financial assets	24,187		24,187		23,525
Financial liabilities	59,619		59,619		59,434
Derivative financial assets	759		759		640
Derivative financial liabilities	(612)		(612)		(469)
Hedges of net investment in foreign operations
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]
Derivative financial assets	29		29		29
Derivative financial liabilities	229		229		101
Cash flow hedges
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]
Derivative financial assets	505		505		389
Derivative financial liabilities	118		118		122
Level 3 \| Recurring fair value measurement
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]
Financial liabilities	523		523		589	$ 498
Financial assets	658		658		692	$ 297
FVOCI
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]
Financial assets	5,646		5,646		5,585
Derivative financial assets	534		534		418
Derivative financial liabilities	347		347		223
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	(81)	$ 332	(154)	$ 233
FVOCI \| Cash flow hedges
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]
Gains (losses) on hedging instrument, fair value hedges	160	$ 14	102	$ 135
Equity investments \| FVOCI
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]
Financial assets	874		874		1,136
Other financial assets, debt instruments at FVTPL \| FVOCI
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]
Financial assets	$ 4,238		$ 4,238		$ 4,031

FAIR VALUE OF FINANCIAL INSTR_5

FAIR VALUE OF FINANCIAL INSTRUMENTS - Fair Value Hierarchy Levels (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]
Financial liabilities	$ 59,619	$ 59,434
Recurring fair value measurement \| Level 1
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]
Financial assets	919	1,268
Financial liabilities	4	7
Recurring fair value measurement \| Level 2
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]
Financial assets	4,975	4,585
Financial liabilities	598	445
Recurring fair value measurement \| Level 3
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]
Financial assets	658	692	$ 297
Financial liabilities	523	589	$ 498
Recurring fair value measurement \| Derivatives assets/liabilities \| Level 1
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]
Financial liabilities	4	7
Recurring fair value measurement \| Derivatives assets/liabilities \| Level 2
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]
Financial liabilities	598	445
Recurring fair value measurement \| Derivatives assets/liabilities \| Level 3
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]
Financial liabilities	10	17
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	513	572
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	483	544
Recurring fair value measurement \| Common shares \| Level 1
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]
Financial assets	502	736
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	49	91
Recurring fair value measurement \| Corporate and government bonds \| Level 2
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]
Financial assets	3,520	3,266
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	3	12
Recurring fair value measurement \| Derivatives assets/liabilities \| Level 2
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]
Financial assets	756	628
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	365	429
Recurring fair value measurement \| Other financial assets \| Level 2
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]
Financial assets	699	691
Recurring fair value measurement \| Other financial assets \| Level 3
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]
Financial assets	$ 658	$ 692

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, 2023	Dec. 31, 2022
Reconciliation of changes in fair value measurement, assets [abstract]
Financial assets at beginning of period	$ 692	$ 297
Fair value change recorded in net income	33	(9)
Fair value change recorded in other comprehensive income	(5)	(5)
Additions	0	523
Dispositions	(65)	(111)
Foreign currency translation and other	3	(3)
Financial assets at end of period	$ 658	$ 692

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, 2023	Dec. 31, 2022
Reconciliation of changes in fair value measurement, liabilities [abstract]
Financial liabilities at beginning of period	$ 59,434
Foreign currency translation and other	16	$ 27
Financial liabilities at end of period	59,619	59,434
Recurring fair value measurement \| Level 3
Reconciliation of changes in fair value measurement, liabilities [abstract]
Financial liabilities at beginning of period	589	498
Fair value change recorded in net income	(53)	12
Fair value change recorded in other comprehensive income	(1)	0
Additions	21	408
Dispositions/settlements	(49)	(356)
Financial liabilities at end of period	$ 523	$ 589

FINANCIAL ASSETS - Disclosure o

FINANCIAL ASSETS - Disclosure of Financial Assets (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Current
Marketable securities	$ 1,139	$ 1,227
Restricted cash	184	214
Derivative assets	153	133
Loans and notes receivable	324	257
Other financial assets	57	148
Total current	1,857	1,979
Non-current
Marketable securities	2,743	2,682
Restricted cash	245	245
Derivative assets	606	507
Loans and notes receivable	6,010	5,500
Other financial assets	1,968	1,995
Total non-current	$ 11,572	$ 10,929

ACCOUNTS AND OTHER RECEIVABLE_3

ACCOUNTS AND OTHER RECEIVABLE, NET - Current and Non-current Balances (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Subclassifications of assets, liabilities and equities [abstract]
Current, net	$ 6,207	$ 6,401
Non-current, net
Accounts receivable	134	126
Retainer on customer contract	84	70
Billing rights	763	681
Total non-current, net	981	877
Total	$ 7,188	$ 7,278

ACCOUNTS AND OTHER RECEIVABLE_4

ACCOUNTS AND OTHER RECEIVABLE, NET - Narrative (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Disclosure of financial assets [line items]
Retention balance, current	$ 548	$ 469
Construction services
Disclosure of financial assets [line items]
Retention balance, current	$ 145	$ 142

INVENTORY, NET - Disclosure of

INVENTORY, NET - Disclosure of Current Inventories (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Inventories [Abstract]
Raw materials and consumables	$ 1,297	$ 1,485
Fuel products	623	850
Work in progress	876	778
RTFO certificates	518	415
Finished goods and other	1,652	1,658
Carrying amount of inventories	$ 4,966	$ 5,186

DISPOSITIONS (Details)

DISPOSITIONS (Details) - USD ($) $ in Millions			1 Months Ended	3 Months Ended		6 Months Ended
DISPOSITIONS (Details) - USD ($) $ in Millions	May 01, 2023	Mar. 31, 2023	Feb. 28, 2023	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Disclosure of analysis of single amount of discontinued operations [line items]
Gain (loss) on acquisitions/dispositions, net					$ 0	$ 168	$ 0
Software And Technology Services Operations
Disclosure of analysis of single amount of discontinued operations [line items]
Consideration paid (received)	$ 490
Gain (loss) on acquisitions/dispositions, net	$ 87			$ 87
Real Estate Service Operations
Disclosure of analysis of single amount of discontinued operations [line items]
Gain (loss) on acquisitions/dispositions, net		$ 67
Infrastructure services
Disclosure of analysis of single amount of discontinued operations [line items]
Proceeds from sale of subsidiary			$ 275
Gain (loss) on acquisitions/dispositions, net			$ 14

OTHER ASSETS - Disclosure of Ot

OTHER ASSETS - Disclosure of Other Assets (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Current
Work in progress	$ 548	$ 469
Prepayments and other assets	1,169	1,039
Assets held for sale	1,021	350
Total current	2,738	1,858
Non-current
Prepayments and other assets	580	515
Total non-current	$ 580	$ 515

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, 2023	Dec. 31, 2022
Reconciliation of changes in property, plant and equipment [abstract]
Balance at beginning of period	$ 15,893
Balance at end of period	16,296	$ 15,893
Right-of-use assets	1,456	1,490
Gross carrying amount
Reconciliation of changes in property, plant and equipment [abstract]
Balance at beginning of period	21,980	20,342
Additions (cash and non-cash)	1,395	2,110
Dispositions	(443)	(466)
Acquisitions through business combinations	255	1,241
Assets held for sale	(441)	(287)
Foreign currency translation and other	262	(960)
Balance at end of period	23,008	21,980
Accumulated depreciation and impairment
Reconciliation of changes in property, plant and equipment [abstract]
Balance at beginning of period	(6,087)	(5,017)
Depreciation/depletion/impairment expense	(932)	(1,626)
Dispositions	170	245
Assets held for sale	224	149
Foreign currency translation and other	(87)	162
Balance at end of period	$ (6,712)	$ (6,087)

INTANGIBLE ASSETS - Disclosure

INTANGIBLE ASSETS - Disclosure of Changes in Intangible Assets (Details) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Reconciliation of changes in intangible assets other than goodwill [abstract]
Balance at beginning of period	$ 23,953
Balance at end of period	23,394	$ 23,953
Gross carrying amount
Reconciliation of changes in intangible assets other than goodwill [abstract]
Balance at beginning of period	27,568	17,128
Additions	304	542
Acquisitions through business combinations	69	10,581
Dispositions	(336)	(15)
Assets reclassified as held for sale	(204)	(159)
Foreign currency translation	396	(284)
Balance at end of period	27,797	27,568
Gross carrying amount \| Cumulative Effect, Period of Adoption, Adjustment
Reconciliation of changes in intangible assets other than goodwill [abstract]
Balance at beginning of period	0	(225)
Balance at end of period		0
Accumulated amortization and impairment
Reconciliation of changes in intangible assets other than goodwill [abstract]
Balance at beginning of period	(3,615)	(2,322)
Amortization and impairment expense	(882)	(1,503)
Dispositions	79	7
Assets reclassified as held for sale	85	29
Foreign currency translation	(70)	48
Balance at end of period	(4,403)	(3,615)
Accumulated amortization and impairment \| Cumulative Effect, Period of Adoption, Adjustment
Reconciliation of changes in intangible assets other than goodwill [abstract]
Balance at beginning of period	$ 0	126
Balance at end of period		$ 0

GOODWILL - Disclosure of Change

GOODWILL - Disclosure of Changes in Goodwill (Details) - Goodwill - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Reconciliation of changes in intangible assets and goodwill [abstract]
Balance at beginning of period	$ 15,479	$ 8,585
Acquisitions through business combinations	164	7,446
Impairment	0	(111)
Dispositions	(142)	(3)
Assets reclassified as held for sale	(218)	(11)
Foreign currency translation	86	(427)
Balance at end of period	$ 15,369	$ 15,479

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, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Interests In Other Entities [Abstract]
Balance at beginning of period			$ 2,065	$ 1,480	$ 1,480
Acquisitions through business combinations			0		461
Additions			10		134
Share of net income (loss)	$ 28	$ 41	53	$ 91	165
Share of other comprehensive income (loss)			(1)		2
Distributions received			(89)		(167)
Foreign currency translation			12		(10)
Balance at end of period	$ 2,050		$ 2,050		$ 2,065

ACCOUNTS PAYABLE AND OTHER - Ac

ACCOUNTS PAYABLE AND OTHER - Accounts Payable and Other (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Current
Accounts payable	$ 4,508	$ 4,099
Accrued and other liabilities	5,616	5,792
Lease liabilities	304	332
Financial liabilities	290	352
Unearned premiums reserve	396	357
Work in progress	1,312	1,175
Provisions and decommissioning liabilities	736	770
Liabilities associated with assets held for sale	474	42
Total current	13,636	12,919
Non-current
Accounts payable	98	90
Accrued and other liabilities	1,589	1,623
Lease liabilities	1,227	1,274
Financial liabilities	2,076	2,141
Insurance liabilities	1,518	1,545
Work in progress	50	49
Provisions and decommissioning liabilities	769	789
Total non-current	7,327	7,511
Bank overdrafts	457	636
Net defined benefit liability	642	642
Current net defined benefit liability	14	20
Non-current net defined benefit liability	628	622
Financial liabilities, sale-leaseback transaction	1,429	1,673
Current financial liabilities, sale-leaseback transaction	64	74
Non-current financial liabilities, sale-leaseback transaction	1,365	$ 1,599
Gain on new financial liability, leased hospitals	$ 208

CONTRACTS IN PROGRESS - Disclos

CONTRACTS IN PROGRESS - Disclosure of Contracts in Progress (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Construction Contracts [Abstract]
Contract costs incurred to date	$ 21,251	$ 21,066
Profit recognized to date (less recognized losses)	2,125	2,055
Contract costs incurred and profit recognized (less recognized losses)	23,376	23,121
Less: progress billings	(24,190)	(23,876)
Contract work in progress (liability)	(814)	(755)
Comprising:
Amounts due from customers – work in progress	548	469
Amounts due to customers – creditors	(1,362)	(1,224)
Contract work in progress (liability)	$ (814)	$ (755)

BORROWINGS (Details)

BORROWINGS (Details) - USD ($)		6 Months Ended
BORROWINGS (Details) - USD ($)	Jan. 06, 2023	Jun. 30, 2023	Dec. 31, 2022
Disclosure of detailed information about borrowings [line items]
Corporate borrowings		$ 1,990,000,000	$ 2,100,000,000
Current borrowings and current portion of non-current borrowings		2,990,000,000	3,758,000,000
Non-current portion of non-current borrowings		41,918,000,000	40,835,000,000
Proportion of voting rights held in joint operation	53%
Parent company
Disclosure of detailed information about borrowings [line items]
Current borrowings		0	$ 0
Revolving credit facility
Disclosure of detailed information about borrowings [line items]
Undrawn borrowing facilities		$ 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%
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%
Brookfield credit agreements
Disclosure of detailed information about borrowings [line items]
Credit facility, maximum borrowing capacity		$ 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
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%
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%

RELATED PARTY TRANSACTIONS - Ad

RELATED PARTY TRANSACTIONS - Additional Information (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Disclosure of transactions between related parties [line items]
Interest income (expense), net	$ (932,000,000)	$ (556,000,000)	$ (1,797,000,000)	$ (1,016,000,000)
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	0
Base management fee expense	23,000,000	23,000,000	46,000,000	47,000,000
Dividends recognised as distributions to owners	0	$ 0	0	$ 0
Loans payable in default	85,000,000		85,000,000
Accounts and other receivable, net	$ 79,000,000		$ 79,000,000

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, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Disclosure of transactions between related parties [line items]
Business services revenues	$ 15	$ 62	$ 73	$ 141
Interest income	3	$ 0	11	$ 0
Financial assets	222		222		$ 118
Accounts and other receivable, net	267		267		579
Amounts payable and other	514		514		603
Non-recourse borrowings in subsidiaries of the partnership	176		176		55
Tax receivable	$ 300		$ 300		$ 315

DERIVATIVE FINANCIAL INSTRUME_3

DERIVATIVE FINANCIAL INSTRUMENTS - Disclosure of Derivative Financial Instruments (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Disclosure of detailed information about hedging instruments [line items]
Financial Assets	$ 759	$ 640
Financial Liabilities	(612)	(469)
Current financial assets	153	133
Current financial liability	(155)	(187)
Non-current financial asset	606	507
Non-current financial liability	(457)	(282)
Foreign exchange contracts
Disclosure of detailed information about hedging instruments [line items]
Financial Liabilities	(340)	(205)
Cross currency swaps
Disclosure of detailed information about hedging instruments [line items]
Financial Liabilities	(67)	(41)
Interest rate derivatives
Disclosure of detailed information about hedging instruments [line items]
Financial Liabilities	(163)	(135)
Equity derivatives
Disclosure of detailed information about hedging instruments [line items]
Financial Liabilities	(12)	(17)
Commodities contracts
Disclosure of detailed information about hedging instruments [line items]
Financial Liabilities	(30)	(71)
Foreign exchange contracts
Disclosure of detailed information about hedging instruments [line items]
Financial Assets	134	121
Cross currency swaps
Disclosure of detailed information about hedging instruments [line items]
Financial Assets	13	35
Interest rate derivatives
Disclosure of detailed information about hedging instruments [line items]
Financial Assets	583	449
Equity derivatives
Disclosure of detailed information about hedging instruments [line items]
Financial Assets	0	0
Commodities contracts
Disclosure of detailed information about hedging instruments [line items]
Financial Assets	$ 29	$ 35

EQUITY - Additional Information

EQUITY - Additional Information (Details) $ / shares in Units, $ in Thousands			3 Months Ended			6 Months Ended
		Mar. 16, 2022	Jun. 30, 2023 USD ($) $ / shares shares	Jun. 30, 2022 USD ($) $ / shares shares		Jun. 30, 2023 USD ($) subsidiary $ / shares shares		Jun. 30, 2022 USD ($) $ / shares shares		Dec. 31, 2022 USD ($) shares	Mar. 15, 2022 shares	Mar. 14, 2022 shares	Dec. 31, 2021 USD ($)
Equity			$ 18,892,000	$ 14,039,000	[1]	$ 18,892,000		$ 14,039,000	[1]	$ 18,429,000			$ 13,000,000
Decrease through other distributions to owners, equity	[2]					1,290,000		1,474,000
Net (loss) income attributable to limited partnership unitholders			$ (16,000)	47,000		$ 9,000		55,000
Exchangeable shares received for every two LP Units held (in shares) \| shares											1
Exchange ratio, exchangeable shares \| shares											2
Exchange ratio (in shares) \| shares						1
Unit issuance						$ 1,475,000
Partnership commitment agreement, maximum amount						$ 1,500,000
Fixed preferential cumulative distribution percentage			6%			6%
Associates \| Holding LP
Number of shares issued (in shares) \| shares											73,000,000
Entities with joint control or significant influence
Dividends recognised as distributions to owners				0				0
Incentive distribution rights based on percent increase in unit price						20%
Dividends recognised as distributions to owners, volume weighted average share price threshold \| $ / shares			$ 18.08			$ 31.53
Non-controlling interest - Redemption-Exchange Units held by Brookfield Asset Management Inc.
Dividends recognised as distributions to owners			$ 13,000	$ 14,000		$ 27,000		$ 23,000
Dividends recognised as distributions to owners per share (in dollars per share) \| $ / shares			$ 0.0625	$ 0.0625		$ 0.0625		$ 0.0625
Limited partners
Equity			$ 1,456,000	$ 1,417,000	[1]	$ 1,456,000		$ 1,417,000	[1]	$ 1,408,000			2,252,000
Decrease through other distributions to owners, equity	[2]					$ 10,000		$ 9,000
Weighted average number of ordinary shares outstanding (in shares) \| shares			74,600,000	75,300,000		74,600,000		76,000,000
Units repurchased and canceled (in shares) \| shares						0		2,525,490
Number of shares issued (in shares) \| shares			74,613,125			74,613,125				74,612,503
Brookfield Asset Management Inc.
Proportion of ownership interest in subsidiary						65.40%
Number of shares issued (in shares) \| shares			4			4				4
Brookfield Asset Management Inc. \| Preference shares
Unit issuance						$ 15,000
Number of partnership's subsidiaries (in subsidiaries) \| subsidiary						3
Cumulative preferencial cash dividend as a percentage of redemption value						5%
Redemption- exchange units
Proportion of ownership interest in subsidiary		75%
Number of shares issued (in shares) \| shares			72,954,963			72,954,963				72,955,585		35,000,000
Converted to class C shares (in shares) \| shares						(622,000,000)
Redemption- exchange units \| Holding LP
Number of shares issued (in shares) \| shares												38,000,000
Equity Attributable To Owners Of Parent Special Limited Partner
Number of shares issued (in shares) \| shares			4			4				4
Interest of others in operating subsidiaries
Equity			$ 13,162,000	$ 9,893,000	[1]	$ 13,162,000		$ 9,893,000	[1]	$ 12,835,000			8,722,000
Decrease through other distributions to owners, equity			968,000	869,000		1,219,000	[2]	1,451,000	[2]
Preferred securities
Equity			$ 1,490,000	$ 15,000	[1]	1,490,000		$ 15,000	[1]	$ 1,490,000			$ 15,000
Decrease through other distributions to owners, equity	[2]					$ 44,000

[1]As adjusted to reflect the adoption of IFRS 17. See Note 2(b) for further details.[2]See Note 19 for additional information on distributions and Unit repurchases.

EQUITY - General and Limited Pa

EQUITY - General and Limited Partnership Units (Details)	6 Months Ended
EQUITY - General and Limited Partnership Units (Details)	Jun. 30, 2023 shares
Total
Disclosure of classes of share capital [line items]
Balance at beginning of period (in shares)	74,612,507
Conversion from BBUC exchangeable shares (in shares)	622
Balance at end of period (in shares)	74,613,129
Brookfield Asset Management Inc.
Disclosure of classes of share capital [line items]
Balance at beginning of period (in shares)	4
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)	74,612,503
Conversion from BBUC exchangeable shares (in shares)	622
Balance at end of period (in shares)	74,613,125

EQUITY - Redemption-Exchange Un

EQUITY - Redemption-Exchange Units Held by Brookfield (Details) - Redemption- exchange units - shares	Jun. 30, 2023	Dec. 31, 2022
Disclosure of classes of share capital [line items]
Balance at beginning of period (in shares)	69,705,497	69,700,000
Balance at end of period (in shares)	69,705,497	69,705,497

EQUITY - BBUC Exchangeable Shar

EQUITY - BBUC Exchangeable Shares (Details) - BBCU exchangeable shares	6 Months Ended
	Jun. 30, 2023 shares
Disclosure of classes of share capital [line items]
Balance at beginning of period (in shares)	72,955,585
Converted to LP Units (in shares)	(622,000,000)
Balance at end of period (in shares)	72,954,963

EQUITY - Special Limited Partne

EQUITY - Special Limited Partner Units Held by Brookfield (Details) - Equity Attributable To Owners Of Parent Special Limited Partner	Jun. 30, 2023 shares
Disclosure of classes of share capital [line items]
Balance at beginning of period (in shares)	4
Balance at end of period (in shares)	4

EQUITY - Preferred Securities H

EQUITY - Preferred Securities Held by Brookfield (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022		Jun. 30, 2022
Disclosure of classes of share capital [line items]
Beginning balance	$ 18,429	$ 14,039	[1]	$ 13,000
Ending balance	18,892	18,429		14,039	[1]
Preferred securities
Disclosure of classes of share capital [line items]
Beginning balance	1,490	15	[1]	15
Ending balance	$ 1,490	$ 1,490		$ 15	[1]

[1]As adjusted to reflect the adoption of IFRS 17. See Note 2(b) for further details.

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, 2023	Jun. 30, 2022		Jun. 30, 2023	Jun. 30, 2022
Disclosure of analysis of other comprehensive income by item [line items]
Beginning balance					$ 18,429	$ 13,000
Other comprehensive income (loss)		$ 212	$ (693)		293	(532)
Ownership changes	[1]				214	121
Ending balance		18,892	14,039	[2]	18,892	14,039	[2]
Cumulative Effect, Period of Adoption, Adjustment
Disclosure of analysis of other comprehensive income by item [line items]
Beginning balance	[2]					17
Cumulative Effect, Period of Adoption, Adjusted Balance
Disclosure of analysis of other comprehensive income by item [line items]
Beginning balance	[2]					13,017
Limited partners
Disclosure of analysis of other comprehensive income by item [line items]
Beginning balance					1,408	2,252
Other comprehensive income (loss)					22	(64)
Ownership changes	[1]				27	(2)
Ending balance		1,456	1,417	[2]	1,456	1,417	[2]
Limited partners \| Cumulative Effect, Period of Adoption, Adjustment
Disclosure of analysis of other comprehensive income by item [line items]
Beginning balance	[2]					2
Limited partners \| Cumulative Effect, Period of Adoption, Adjusted Balance
Disclosure of analysis of other comprehensive income by item [line items]
Beginning balance	[2]					2,254
Foreign currency translation \| Limited partners
Disclosure of analysis of other comprehensive income by item [line items]
Beginning balance					(247)	(252)
Other comprehensive income (loss)					28	(33)
Ownership changes					0	3
Issuance of BBUC exchangeable shares						67
Ending balance		(219)	(215)		(219)	(215)
Foreign currency translation \| Limited partners \| Cumulative Effect, Period of Adoption, Adjustment
Disclosure of analysis of other comprehensive income by item [line items]
Beginning balance						0
Foreign currency translation \| Limited partners \| Cumulative Effect, Period of Adoption, Adjusted Balance
Disclosure of analysis of other comprehensive income by item [line items]
Beginning balance						(252)
FVOCI \| Limited partners
Disclosure of analysis of other comprehensive income by item [line items]
Beginning balance					(8)	76
Other comprehensive income (loss)					13	(73)
Ownership changes					0	0
Issuance of BBUC exchangeable shares						(15)
Ending balance		5	(12)		5	(12)
FVOCI \| Limited partners \| Cumulative Effect, Period of Adoption, Adjustment
Disclosure of analysis of other comprehensive income by item [line items]
Beginning balance						0
FVOCI \| Limited partners \| Cumulative Effect, Period of Adoption, Adjusted Balance
Disclosure of analysis of other comprehensive income by item [line items]
Beginning balance						76
Other \| Limited partners
Disclosure of analysis of other comprehensive income by item [line items]
Beginning balance					112	23
Other comprehensive income (loss)					(19)	42
Ownership changes					0	1
Issuance of BBUC exchangeable shares						(5)
Ending balance		93	62		93	62
Other \| Limited partners \| Cumulative Effect, Period of Adoption, Adjustment
Disclosure of analysis of other comprehensive income by item [line items]
Beginning balance						1
Other \| Limited partners \| Cumulative Effect, Period of Adoption, Adjusted Balance
Disclosure of analysis of other comprehensive income by item [line items]
Beginning balance						24
Accumulated other comprehensive income (loss) \| Limited partners
Disclosure of analysis of other comprehensive income by item [line items]
Beginning balance					(143)	(153)
Other comprehensive income (loss)					22	(64)
Ownership changes					0	4	[1]
Issuance of BBUC exchangeable shares						47
Ending balance		$ (121)	$ (165)	[2]	$ (121)	(165)	[2]
Accumulated other comprehensive income (loss) \| Limited partners \| Cumulative Effect, Period of Adoption, Adjustment
Disclosure of analysis of other comprehensive income by item [line items]
Beginning balance	[2]					1
Accumulated other comprehensive income (loss) \| Limited partners \| Cumulative Effect, Period of Adoption, Adjusted Balance
Disclosure of analysis of other comprehensive income by item [line items]
Beginning balance	[2]					$ (152)

[1]Includes gains or losses on changes in ownership interests of consolidated subsidiaries.[2]As adjusted to reflect the adoption of IFRS 17. See Note 2(b) for further details.

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, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Analysis of income and expense [abstract]
Inventory costs	$ 8,030	$ 9,838	$ 16,421	$ 18,591
Subcontractor and consultant costs	765	812	1,465	1,553
Concession construction materials and labor costs	85	81	160	160
Depreciation and amortization expense	907	776	1,807	1,470
Compensation	1,591	1,281	3,109	2,480
Other direct costs	952	890	1,834	2,015
Total	$ 12,330	$ 13,678	$ 24,796	$ 26,269

REVENUES - Revenues by Type (De

REVENUES - Revenues by Type (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Disclosure of operating segments [line items]
Revenues from contracts with customers	$ 12,774	$ 13,958	$ 25,841	$ 26,756
Other revenues	732	649	1,423	1,278
Total revenues	13,506	14,607	27,264	28,034
Business services
Disclosure of operating segments [line items]
Revenues from contracts with customers	7,514	8,839	15,116	16,807
Other revenues	360	287	696	548
Total revenues	7,874	9,126	15,812	17,355
Infrastructure services
Disclosure of operating segments [line items]
Revenues from contracts with customers	1,640	1,444	3,302	2,608
Other revenues	366	358	715	722
Total revenues	2,006	1,802	4,017	3,330
Industrials
Disclosure of operating segments [line items]
Revenues from contracts with customers	3,620	3,675	7,423	7,341
Other revenues	6	4	12	8
Total revenues	$ 3,626	$ 3,679	$ 7,435	$ 7,349

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, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Disclosure of operating segments [line items]
Revenues from contracts with customers	$ 12,774	$ 13,958	$ 25,841	$ 26,756
Goods and services provided at a point in time
Disclosure of operating segments [line items]
Revenues from contracts with customers	10,109	11,975	20,629	23,026
Services transferred over a period of time
Disclosure of operating segments [line items]
Revenues from contracts with customers	2,665	1,983	5,212	3,730
Business services
Disclosure of operating segments [line items]
Revenues from contracts with customers	7,514	8,839	15,116	16,807
Business services \| Goods and services provided at a point in time
Disclosure of operating segments [line items]
Revenues from contracts with customers	6,116	7,906	12,351	14,963
Business services \| Services transferred over a period of time
Disclosure of operating segments [line items]
Revenues from contracts with customers	1,398	933	2,765	1,844
Infrastructure services
Disclosure of operating segments [line items]
Revenues from contracts with customers	1,640	1,444	3,302	2,608
Infrastructure services \| Goods and services provided at a point in time
Disclosure of operating segments [line items]
Revenues from contracts with customers	476	493	1,050	917
Infrastructure services \| Services transferred over a period of time
Disclosure of operating segments [line items]
Revenues from contracts with customers	1,164	951	2,252	1,691
Industrials
Disclosure of operating segments [line items]
Revenues from contracts with customers	3,620	3,675	7,423	7,341
Industrials \| Goods and services provided at a point in time
Disclosure of operating segments [line items]
Revenues from contracts with customers	3,517	3,576	7,228	7,146
Industrials \| Services transferred over a period of time
Disclosure of operating segments [line items]
Revenues from contracts with customers	$ 103	$ 99	$ 195	$ 195

REVENUES - Revenues by Geograph

REVENUES - Revenues by Geography (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Disclosure of operating segments [line items]
Revenues from contracts with customers	$ 12,774	$ 13,958	$ 25,841	$ 26,756
Other revenues	732	649	1,423	1,278
Total revenues	13,506	14,607	27,264	28,034
Business services
Disclosure of operating segments [line items]
Revenues from contracts with customers	7,514	8,839	15,116	16,807
Other revenues	360	287	696	548
Total revenues	7,874	9,126	15,812	17,355
Infrastructure services
Disclosure of operating segments [line items]
Revenues from contracts with customers	1,640	1,444	3,302	2,608
Other revenues	366	358	715	722
Total revenues	2,006	1,802	4,017	3,330
Industrials
Disclosure of operating segments [line items]
Revenues from contracts with customers	3,620	3,675	7,423	7,341
Other revenues	6	4	12	8
Total revenues	3,626	3,679	7,435	7,349
United Kingdom
Disclosure of operating segments [line items]
Revenues from contracts with customers	4,696	6,031	9,297	11,235
United Kingdom \| Business services
Disclosure of operating segments [line items]
Revenues from contracts with customers	4,453	5,833	8,828	10,866
United Kingdom \| Infrastructure services
Disclosure of operating segments [line items]
Revenues from contracts with customers	162	118	299	213
United Kingdom \| Industrials
Disclosure of operating segments [line items]
Revenues from contracts with customers	81	80	170	156
United States of America
Disclosure of operating segments [line items]
Revenues from contracts with customers	2,891	2,184	5,928	4,242
United States of America \| Business services
Disclosure of operating segments [line items]
Revenues from contracts with customers	515	89	1,076	193
United States of America \| Infrastructure services
Disclosure of operating segments [line items]
Revenues from contracts with customers	850	556	1,731	1,001
United States of America \| Industrials
Disclosure of operating segments [line items]
Revenues from contracts with customers	1,526	1,539	3,121	3,048
Europe
Disclosure of operating segments [line items]
Revenues from contracts with customers	1,739	1,882	3,670	3,969
Europe \| Business services
Disclosure of operating segments [line items]
Revenues from contracts with customers	477	656	1,098	1,481
Europe \| Infrastructure services
Disclosure of operating segments [line items]
Revenues from contracts with customers	438	452	857	878
Europe \| Industrials
Disclosure of operating segments [line items]
Revenues from contracts with customers	824	774	1,715	1,610
Australia
Disclosure of operating segments [line items]
Revenues from contracts with customers	1,075	1,219	2,162	2,344
Australia \| Business services
Disclosure of operating segments [line items]
Revenues from contracts with customers	993	1,111	1,996	2,157
Australia \| Infrastructure services
Disclosure of operating segments [line items]
Revenues from contracts with customers	48	65	100	111
Australia \| Industrials
Disclosure of operating segments [line items]
Revenues from contracts with customers	34	43	66	76
Canada
Disclosure of operating segments [line items]
Revenues from contracts with customers	832	1,161	1,636	2,059
Canada \| Business services
Disclosure of operating segments [line items]
Revenues from contracts with customers	643	938	1,254	1,637
Canada \| Infrastructure services
Disclosure of operating segments [line items]
Revenues from contracts with customers	43	51	78	74
Canada \| Industrials
Disclosure of operating segments [line items]
Revenues from contracts with customers	146	172	304	348
Brazil
Disclosure of operating segments [line items]
Revenues from contracts with customers	608	576	1,224	1,097
Brazil \| Business services
Disclosure of operating segments [line items]
Revenues from contracts with customers	201	32	376	63
Brazil \| Infrastructure services
Disclosure of operating segments [line items]
Revenues from contracts with customers	23	33	52	60
Brazil \| Industrials
Disclosure of operating segments [line items]
Revenues from contracts with customers	384	511	796	974
Mexico
Disclosure of operating segments [line items]
Revenues from contracts with customers	287	226	544	435
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	287	226	544	435
Other
Disclosure of operating segments [line items]
Revenues from contracts with customers	646	679	1,380	1,375
Other \| Business services
Disclosure of operating segments [line items]
Revenues from contracts with customers	232	180	488	410
Other \| Infrastructure services
Disclosure of operating segments [line items]
Revenues from contracts with customers	76	169	185	271
Other \| Industrials
Disclosure of operating segments [line items]
Revenues from contracts with customers	$ 338	$ 330	$ 707	$ 694

SEGMENT INFORMATION - Additiona

SEGMENT INFORMATION - Additional Information (Details)	6 Months Ended
SEGMENT INFORMATION - Additional Information (Details)	Jun. 30, 2023 segment
Operating Segments [Abstract]
Number of operating segments	4

SEGMENT INFORMATION - Income St

SEGMENT INFORMATION - Income Statement Captions by Segment (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Disclosure of operating segments [line items]
Revenues	$ 13,506,000,000	$ 14,607,000,000	$ 27,264,000,000	$ 28,034,000,000
Direct operating costs	11,423,000,000	12,902,000,000	22,989,000,000	24,799,000,000
General and administrative expenses	(398,000,000)	(306,000,000)	(799,000,000)	(604,000,000)
Gains (loss) on acquisitions / dispositions, net	87,000,000		168,000,000
Gain (loss) on acquisitions / dispositions, net recorded in equity	31,000,000	19,000,000	225,000,000	19,000,000
Other income (expense), net	16,000,000	23,000,000	19,000,000	(1,000,000)
Interest income (expense), net	(932,000,000)	(556,000,000)	(1,797,000,000)	(1,016,000,000)
Current income tax (expense) recovery	(267,000,000)	(75,000,000)	(393,000,000)	(154,000,000)
Distributions attributable to preferred equity in operating subsidiaries			0
Preferred equity distributions	0
Equity accounted Adjusted EFO	75,000,000	84,000,000	156,000,000	154,000,000
Depreciation and amortization expense	(907,000,000)	(776,000,000)	(1,807,000,000)	(1,470,000,000)
Impairment reversal (expense), net	(7,000,000)	78,000,000	(7,000,000)	78,000,000
Gain (loss) on acquisitions / dispositions, net recorded in equity	(31,000,000)	(19,000,000)	(225,000,000)	(19,000,000)
Other income (expense), net	122,000,000	(241,000,000)	248,000,000	(316,000,000)
Deferred income tax (expense) recovery	216,000,000	387,000,000	284,000,000	427,000,000
Non-cash items attributable to equity accounted investments	(47,000,000)	(43,000,000)	(103,000,000)	(63,000,000)
Net income (loss)	41,000,000	280,000,000	244,000,000	270,000,000
Direct operating costs	(12,330,000,000)	(13,678,000,000)	(24,796,000,000)	(26,269,000,000)
Other income (expense), net	138,000,000	(218,000,000)	267,000,000	(317,000,000)
Equity accounted income (loss), net	28,000,000	41,000,000	53,000,000	91,000,000	$ 165,000,000
Operating segments
Disclosure of operating segments [line items]
Revenues	4,128,000,000	4,294,000,000	8,303,000,000	8,287,000,000
Direct operating costs	3,449,000,000	3,715,000,000	6,922,000,000	7,162,000,000
General and administrative expenses	(148,000,000)	(126,000,000)	(299,000,000)	(244,000,000)
Gains (loss) on acquisitions / dispositions, net	22,000,000		95,000,000
Gain (loss) on acquisitions / dispositions, net recorded in equity	8,000,000	19,000,000	78,000,000	19,000,000
Other income (expense), net	7,000,000	9,000,000	8,000,000	0
Interest income (expense), net	(326,000,000)	(187,000,000)	(618,000,000)	(338,000,000)
Current income tax (expense) recovery	(81,000,000)	(21,000,000)	(126,000,000)	(42,000,000)
Distributions attributable to preferred equity in operating subsidiaries			44,000,000
Preferred equity distributions	22,000,000
Equity accounted Adjusted EFO	46,000,000	56,000,000	91,000,000	99,000,000
Adjusted EFO	185,000,000	329,000,000	566,000,000	619,000,000
Depreciation and amortization expense	(294,000,000)	(262,000,000)	(586,000,000)	(494,000,000)
Impairment reversal (expense), net	(3,000,000)	41,000,000	(3,000,000)	41,000,000
Gain (loss) on acquisitions / dispositions, net recorded in equity	(8,000,000)	(19,000,000)	(78,000,000)	(19,000,000)
Other income (expense), net	16,000,000	(87,000,000)	83,000,000	(115,000,000)
Deferred income tax (expense) recovery	90,000,000	165,000,000	115,000,000	168,000,000
Non-cash items attributable to equity accounted investments	(34,000,000)	(30,000,000)	(71,000,000)	(47,000,000)
Net income (loss)	(48,000,000)	137,000,000	26,000,000	153,000,000
Net unrealized revaluation gain (loss)	44,000,000		147,000,000	(47,000,000)
Business separation expenses, stand-up costs and restructuring charges	(20,000,000)	(14,000,000)	(34,000,000)	(26,000,000)
Transaction costs	(17,000,000)	(19,000,000)	(26,000,000)	(28,000,000)
Net realized revaluation gain (loss)	19,000,000	(45,000,000)	18,000,000
Other expenses	10,000,000	9,000,000	22,000,000	14,000,000
Operating segments \| Secured Investments
Disclosure of operating segments [line items]
Gain (loss) related to financial instrument investments			8,000,000
Operating segments \| Residential Property
Disclosure of operating segments [line items]
Gains (loss) on acquisitions / dispositions, net			67,000,000
Operating segments \| Software And Technology Services Operations
Disclosure of operating segments [line items]
Gains (loss) on acquisitions / dispositions, net			22,000,000
Operating segments \| Nuclear Technology Service Operation
Disclosure of operating segments [line items]
Gains (loss) on acquisitions / dispositions, net			6,000,000
Operating segments \| Partnership Public Securities
Disclosure of operating segments [line items]
Gain (loss) on acquisitions / dispositions, net recorded in equity			70,000,000
Unallocated amounts
Disclosure of operating segments [line items]
Revenues	9,378,000,000	10,313,000,000	18,961,000,000	19,747,000,000
Direct operating costs	7,974,000,000	9,187,000,000	16,067,000,000	17,637,000,000
General and administrative expenses	(250,000,000)	(180,000,000)	(500,000,000)	(360,000,000)
Gains (loss) on acquisitions / dispositions, net	65,000,000		73,000,000
Gain (loss) on acquisitions / dispositions, net recorded in equity	23,000,000	0	147,000,000	0
Other income (expense), net	9,000,000	14,000,000	11,000,000	(1,000,000)
Interest income (expense), net	(606,000,000)	(369,000,000)	(1,179,000,000)	(678,000,000)
Current income tax (expense) recovery	(186,000,000)	(54,000,000)	(267,000,000)	(112,000,000)
Distributions attributable to preferred equity in operating subsidiaries			(44,000,000)
Preferred equity distributions	(22,000,000)
Equity accounted Adjusted EFO	29,000,000	28,000,000	65,000,000	55,000,000
Depreciation and amortization expense	(613,000,000)	(514,000,000)	(1,221,000,000)	(976,000,000)
Impairment reversal (expense), net	(4,000,000)	37,000,000	(4,000,000)	37,000,000
Gain (loss) on acquisitions / dispositions, net recorded in equity	(23,000,000)	0	(147,000,000)	0
Other income (expense), net	106,000,000	(154,000,000)	165,000,000	(201,000,000)
Deferred income tax (expense) recovery	126,000,000	222,000,000	169,000,000	259,000,000
Non-cash items attributable to equity accounted investments	(13,000,000)	(13,000,000)	(32,000,000)	(16,000,000)
Net income (loss)	89,000,000	143,000,000	218,000,000	117,000,000
Business services
Disclosure of operating segments [line items]
Revenues	7,874,000,000	9,126,000,000	15,812,000,000	17,355,000,000
Depreciation and amortization expense	252,000,000	108,000,000	505,000,000	214,000,000
Business services \| Operating segments
Disclosure of operating segments [line items]
Revenues	2,255,000,000	2,468,000,000	4,465,000,000	4,742,000,000
Direct operating costs	2,004,000,000	2,296,000,000	3,971,000,000	4,455,000,000
General and administrative expenses	(43,000,000)	(34,000,000)	(88,000,000)	(64,000,000)
Gains (loss) on acquisitions / dispositions, net	22,000,000		89,000,000
Gain (loss) on acquisitions / dispositions, net recorded in equity	8,000,000	19,000,000	14,000,000	19,000,000
Other income (expense), net	0	0	0	1,000,000
Interest income (expense), net	(79,000,000)	(18,000,000)	(140,000,000)	(43,000,000)
Current income tax (expense) recovery	(51,000,000)	(14,000,000)	(59,000,000)	(22,000,000)
Distributions attributable to preferred equity in operating subsidiaries			0
Preferred equity distributions	0
Equity accounted Adjusted EFO	11,000,000	13,000,000	22,000,000	20,000,000
Adjusted EFO	119,000,000	138,000,000	332,000,000	198,000,000
Infrastructure services
Disclosure of operating segments [line items]
Revenues	2,006,000,000	1,802,000,000	4,017,000,000	3,330,000,000
Depreciation and amortization expense	301,000,000	340,000,000	604,000,000	591,000,000
Infrastructure services \| Operating segments
Disclosure of operating segments [line items]
Revenues	789,000,000	706,000,000	1,601,000,000	1,318,000,000
Direct operating costs	574,000,000	507,000,000	1,160,000,000	908,000,000
General and administrative expenses	(43,000,000)	(33,000,000)	(86,000,000)	(62,000,000)
Gains (loss) on acquisitions / dispositions, net	0		6,000,000
Gain (loss) on acquisitions / dispositions, net recorded in equity	0	0	0	0
Other income (expense), net	6,000,000	9,000,000	6,000,000	(1,000,000)
Interest income (expense), net	(109,000,000)	(70,000,000)	(212,000,000)	(117,000,000)
Current income tax (expense) recovery	(6,000,000)	(6,000,000)	(30,000,000)	(10,000,000)
Distributions attributable to preferred equity in operating subsidiaries			0
Preferred equity distributions	0
Equity accounted Adjusted EFO	25,000,000	25,000,000	49,000,000	43,000,000
Adjusted EFO	88,000,000	124,000,000	174,000,000	263,000,000
Industrials
Disclosure of operating segments [line items]
Revenues	3,626,000,000	3,679,000,000	7,435,000,000	7,349,000,000
Depreciation and amortization expense	354,000,000	328,000,000	698,000,000	665,000,000
Industrials \| Operating segments
Disclosure of operating segments [line items]
Revenues	1,084,000,000	1,120,000,000	2,237,000,000	2,227,000,000
Direct operating costs	868,000,000	906,000,000	1,780,000,000	1,787,000,000
General and administrative expenses	(36,000,000)	(33,000,000)	(73,000,000)	(65,000,000)
Gains (loss) on acquisitions / dispositions, net	0		0
Gain (loss) on acquisitions / dispositions, net recorded in equity	0	0	64,000,000	0
Other income (expense), net	1,000,000	0	2,000,000	0
Interest income (expense), net	(104,000,000)	(81,000,000)	(201,000,000)	(149,000,000)
Current income tax (expense) recovery	(24,000,000)	(17,000,000)	(44,000,000)	(39,000,000)
Distributions attributable to preferred equity in operating subsidiaries			0
Preferred equity distributions	0
Equity accounted Adjusted EFO	10,000,000	18,000,000	20,000,000	36,000,000
Adjusted EFO	63,000,000	101,000,000	225,000,000	223,000,000
Corporate and other
Disclosure of operating segments [line items]
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	3,000,000	6,000,000	11,000,000	12,000,000
General and administrative expenses	(26,000,000)	(26,000,000)	(52,000,000)	(53,000,000)
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	(34,000,000)	(18,000,000)	(65,000,000)	(29,000,000)
Current income tax (expense) recovery	0	16,000,000	7,000,000	29,000,000
Distributions attributable to preferred equity in operating subsidiaries			44,000,000
Preferred equity distributions	22,000,000
Equity accounted Adjusted EFO	0	0	0	0
Adjusted EFO	$ (85,000,000)	$ (34,000,000)	$ (165,000,000)	$ (65,000,000)

SEGMENT INFORMATION - Assets by

SEGMENT INFORMATION - Assets by Segment (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Disclosure of operating segments [line items]
Total assets	$ 90,314	$ 89,250
Business services
Disclosure of operating segments [line items]
Total assets	38,565	37,939
Infrastructure services
Disclosure of operating segments [line items]
Total assets	23,367	22,606
Industrials
Disclosure of operating segments [line items]
Total assets	28,135	28,112
Corporate and other
Disclosure of operating segments [line items]
Total assets	$ 247	$ 593

SUPPLEMENTAL CASH FLOW INFORM_3

SUPPLEMENTAL CASH FLOW INFORMATION - Interest and Income Taxes Paid (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Cash Flow Statement [Abstract]
Net interest paid (received)	$ 1,264	$ 647
Net income taxes paid (received)	$ 1,192	$ 134

SUPPLEMENTAL CASH FLOW INFORM_4

SUPPLEMENTAL CASH FLOW INFORMATION - Non-cash Working Capital (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Cash Flow Statement [Abstract]
Accounts receivable	$ (612)	$ (762)
Inventory	361	(884)
Prepayments and other	(655)	(226)
Accounts payable and other	432	521
Changes in non-cash working capital, net	$ (474)	$ (1,351)	[1]

[1]As adjusted to reflect the adoption of IFRS 17. See Note 2(b) for further details.

INSURANCE CONTRACTS - Schedule

INSURANCE CONTRACTS - Schedule of Insurance under Contract (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Disclosure of reconciliation of changes in insurance contracts by remaining coverage and incurred claims [line items]
Insurance liabilities at the beginning	$ 1,902	$ 1,987
Changes that relate to current service:
Contractual service margin recognized for services provided	(146)	(172)
Change in risk adjustment recognized for the risk expired	(41)	(46)
Experience adjustments	(15)	(26)
Changes that relate to future service:
Contracts initially recognized in the period	0	0
Changes in estimates that adjust the contractual service margin	0	0
Changes that relate to past services:
Adjustments to liabilities for incurred claims	13	(3)
Insurance finance income/(expenses)	23	(31)
Foreign currency translation	43	(36)
Increase (decrease) through insurance service result, insurance contracts liability (asset)	(123)	(314)
Premiums received	194	327
Claims and other insurance service expenses paid	(31)	(18)
Insurance acquisition cash flows	(28)	(40)
Insurance liabilities at the end	1,914	1,942
Estimates of present value of future cash flows
Disclosure of reconciliation of changes in insurance contracts by remaining coverage and incurred claims [line items]
Insurance liabilities at the beginning	352	415
Changes that relate to current service:
Contractual service margin recognized for services provided	0	0
Change in risk adjustment recognized for the risk expired	0	0
Experience adjustments	(15)	(26)
Changes that relate to future service:
Contracts initially recognized in the period	(130)	(243)
Changes in estimates that adjust the contractual service margin	50	(51)
Changes that relate to past services:
Adjustments to liabilities for incurred claims	11	(2)
Insurance finance income/(expenses)	(3)	(16)
Foreign currency translation	9	(6)
Increase (decrease) through insurance service result, insurance contracts liability (asset)	(78)	(344)
Premiums received	194	327
Claims and other insurance service expenses paid	(31)	(18)
Insurance acquisition cash flows	(28)	(40)
Insurance liabilities at the end	409	340
Risk adjustment
Disclosure of reconciliation of changes in insurance contracts by remaining coverage and incurred claims [line items]
Insurance liabilities at the beginning	585	616
Changes that relate to current service:
Contractual service margin recognized for services provided	0	0
Change in risk adjustment recognized for the risk expired	(41)	(46)
Experience adjustments	0	0
Changes that relate to future service:
Contracts initially recognized in the period	48	68
Changes in estimates that adjust the contractual service margin	(120)	(53)
Changes that relate to past services:
Adjustments to liabilities for incurred claims	2	(1)
Insurance finance income/(expenses)	15	(24)
Foreign currency translation	12	(11)
Increase (decrease) through insurance service result, insurance contracts liability (asset)	(84)	(67)
Premiums received	0	0
Claims and other insurance service expenses paid	0	0
Insurance acquisition cash flows	0	0
Insurance liabilities at the end	501	549
Contractual service margin
Disclosure of reconciliation of changes in insurance contracts by remaining coverage and incurred claims [line items]
Insurance liabilities at the beginning	965	956
Changes that relate to current service:
Contractual service margin recognized for services provided	(146)	(172)
Change in risk adjustment recognized for the risk expired	0	0
Experience adjustments	0	0
Changes that relate to future service:
Contracts initially recognized in the period	82	175
Changes in estimates that adjust the contractual service margin	70	104
Changes that relate to past services:
Adjustments to liabilities for incurred claims	0	0
Insurance finance income/(expenses)	11	9
Foreign currency translation	22	(19)
Increase (decrease) through insurance service result, insurance contracts liability (asset)	39	97
Premiums received	0	0
Claims and other insurance service expenses paid	0	0
Insurance acquisition cash flows	0	0
Insurance liabilities at the end	$ 1,004	$ 1,053

SUBSEQUENT EVENTS - Narrative (

SUBSEQUENT EVENTS - Narrative (Details)	Aug. 03, 2023 $ / shares
Distribution
Disclosure of non-adjusting events after reporting period [line items]
Distributions declared (in dollars per share)	$ 0.0625