Brookfield Business Partners (BBU) 6-K 7 Aug 24 2024 Q2 Unaudited Interim Condensed Consolidated Financial Statements of Financial data

Cover Page

Cover Page	6 Months Ended
	Jun. 30, 2024
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, 2024
Document Fiscal Year Focus	2024
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, 2024	Dec. 31, 2023
Current Assets
Cash and cash equivalents	$ 2,959	$ 3,252
Financial assets	893	1,139
Accounts and other receivable, net	5,709	5,558
Inventory, net	3,894	3,665
Other assets	1,360	1,271
Current assets	14,815	14,885
Financial assets	12,929	12,037
Accounts and other receivable, net	898	1,005
Other assets	373	385
Property, plant and equipment	15,430	15,724
Deferred income tax assets	1,388	1,220
Intangible assets	19,674	20,846
Equity accounted investments	2,104	2,154
Goodwill	13,910	14,129
Total assets	81,521	82,385
Current Liabilities
Accounts payable and other	11,820	11,598
Non-recourse borrowings in subsidiaries of the partnership	2,965	2,757
Current liabilities	14,785	14,355
Accounts payable and other	6,396	6,780
Corporate borrowings	1,882	1,440
Non-recourse borrowings in subsidiaries of the partnership	37,275	38,052
Deferred income tax liabilities	2,979	3,226
Total liabilities	63,317	63,853
Equity
Limited partners	1,868	1,909
Non-controlling interests attributable to:
Redemption-exchange units	1,752	1,792
Special limited partner	0	0
BBUC exchangeable shares	1,834	1,875
Preferred securities	740	740
Interest of others in operating subsidiaries	12,010	12,216
Total equity	18,204	18,532
Total equity and liabilities	$ 81,521	$ 82,385

UNAUDITED INTERIM CONDENSED C_2

UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF OPERATING RESULTS - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Profit or loss [abstract]
Revenues	$ 11,946	$ 13,506	$ 23,961	$ 27,264
Direct operating costs	(10,928)	(12,330)	(21,806)	(24,796)
General and administrative expenses	(307)	(398)	(624)	(799)
Interest income (expense), net	(778)	(932)	(1,574)	(1,797)
Equity accounted income (loss)	31	28	54	53
Impairment reversal (expense), net	0	(7)	10	(7)
Gain (loss) on acquisitions/dispositions, net	84	87	99	168
Other income (expense), net	(100)	138	16	267
Income (loss) before income tax	(52)	92	136	353
Income tax (expense) recovery
Current	(122)	(267)	(212)	(393)
Deferred	239	216	344	284
Net income (loss)	65	41	268	244
Attributable to:
Limited partners	(7)	(16)	10	9
Non-controlling interests attributable to:
Redemption-exchange units	(6)	(16)	9	8
Special limited partner	0	0	0	0
BBUC exchangeable shares	(7)	(16)	9	9
Preferred securities	13	22	26	44
Interest of others in operating subsidiaries	72	67	214	174
Net income (loss)	$ 65	$ 41	$ 268	$ 244
Basic earnings (loss) per limited partner unit (in usd per share)	$ (0.10)	$ (0.22)	$ 0.13	$ 0.12
Diluted earnings (loss) per limited partner unit (in dollars per share)	$ (0.10)	$ (0.22)	$ 0.13	$ 0.12

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, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Statement of comprehensive income [abstract]
Net income (loss)	$ 65	$ 41	$ 268	$ 244
Items that may be reclassified subsequently to profit or loss:
Fair value through other comprehensive income	40	(10)	31	56
Insurance finance reserve	(10)	(4)	(5)	0
Foreign currency translation	(258)	142	(612)	238
Net investment and cash flow hedges	211	79	386	(52)
Equity accounted investments	(5)	(1)	(8)	(1)
Taxes on the above items	(25)	(19)	(44)	(12)
Reclassification to profit or loss	(82)	(13)	(139)	(26)
Other comprehensive income that will be reclassified to profit or loss, net of tax	(129)	174	(391)	203
Items that will not be reclassified subsequently to profit or loss:
Revaluation of pension obligations	(1)	0	(3)	0
Fair value through other comprehensive income	2	37	9	91
Taxes on the above items	2	1	0	(1)
Other components of other comprehensive income that will not be reclassified to profit or loss, net of tax	3	38	6	90
Total other comprehensive income	(126)	212	(385)	293
Comprehensive income (loss)	(61)	253	(117)	537
Attributable to:
Limited partners	(14)	(1)	(31)	31
Non-controlling interests attributable to:
Redemption-exchange units	(14)	(2)	(30)	29
Special limited partner	0	0	0	0
BBUC exchangeable shares	(15)	(2)	(32)	30
Preferred securities	13	22	26	44
Interest of others in operating subsidiaries	$ (31)	$ 236	$ (50)	$ 403

UNAUDITED INTERIM CONDENSED C_4

UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($) $ in Millions		Total		Limited partners		Redemption- exchange units		Special limited partner units	Capital Limited partners	Retained earnings Limited partners		Ownership changes Limited partners	Accumulated other comprehensive income (loss) Limited partners	[1]	Preferred securities	BBUC exchangeable shares		Interest of others in operating subsidiaries
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 and capital paid		(1,290)	[2]	(10)	[2]	(8)	[2]			(10)	[2]				(44)	(9)	[2]	(1,219)	[2]
Ownership changes	[3]	214		27		21				(11)		38				25		141
Ending balance at Jun. 30, 2023		18,892		1,456		1,360		0	2,114	85		(622)	(121)		1,490	1,424		13,162
Beginning balance at Dec. 31, 2023		18,532		1,909		1,792		0	2,109	549		(619)	(130)		740	1,875		12,216
Net income (loss)		268		10		9				10					26	9		214
Other comprehensive income (loss)		(385)		(41)		(39)							(41)			(41)		(264)
Comprehensive income (loss)		(117)		(31)		(30)				10			(41)		26	(32)		(50)
Contributions		124																124
Distributions and capital paid	[2]	(335)		(10)		(8)				(10)					(26)	(9)		(282)
Ownership changes		0				(2)												2
Ending balance at Jun. 30, 2024		$ 18,204		$ 1,868		$ 1,752		$ 0	$ 2,109	$ 549		$ (619)	$ (171)		$ 740	$ 1,834		$ 12,010
[1] See Note 20 for additional information. See Note 19 for additional information on distributions. Includes gains or losses on changes in ownership interests of consolidated subsidiaries.

UNAUDITED INTERIM CONDENSED C_5

UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Operating Activities
Net income (loss)	$ 268	$ 244
Adjusted for the following items:
Equity accounted earnings, net of distributions	71	36
Impairment expense (reversal), net	(10)	7
Depreciation and amortization expense	1,617	1,807
Gain on acquisitions/dispositions, net	(99)	(168)
Provisions and other items	(231)	(608)
Deferred income tax expense (recovery)	(344)	(284)
Changes in non-cash working capital, net	(849)	(474)
Cash from (used in) operating activities	423	560
Financing Activities
Proceeds from non-recourse subsidiary borrowings of the partnership	5,057	7,376
Repayment of non-recourse subsidiary borrowings of the partnership	(4,561)	(7,065)
Proceeds from corporate borrowings	665	270
Repayment of corporate borrowings	(215)	(380)
Proceeds from other financing	155	53
Repayment of other financing	(71)	(73)
Proceeds from (repayment of) other credit facilities, net	(50)	(63)
Lease liability repayment	(166)	(194)
Capital provided by others who have interests in operating subsidiaries	96	1,439
Distributions to limited partners, Redemption-Exchange unitholders and BBUC exchangeable shareholders	(27)	(28)
Distributions to preferred securities holders	(26)	(48)
Distributions and capital paid to others who have interests in operating subsidiaries	(327)	(1,389)
Cash from (used in) financing activities	530	(102)
Acquisitions
Subsidiaries, net of cash acquired	(84)	(517)
Property, plant and equipment and intangible assets	(1,257)	(991)
Equity accounted investments	(21)	(8)
Financial assets and other	(1,548)	(1,332)
Dispositions
Subsidiaries, net of cash disposed	168	771
Property, plant and equipment and intangible assets	13	45
Financial assets and other	1,631	1,689
Net settlement of derivative assets and liabilities	7	(33)
Restricted cash and deposits	7	39
Cash from (used in) investing activities	(1,084)	(337)
Cash and cash equivalents
Change during the period	(131)	121
Balance, beginning of year	3,252	2,870
Balance, end of period	2,959	3,022
Supplemental Cash Flow Information [Abstract]
Impact of foreign exchange	(162)	70
Net change in cash classified within assets held for sale	$ 0	$ (39)

NATURE AND DESCRIPTION OF THE P

NATURE AND DESCRIPTION OF THE PARTNERSHIP	6 Months Ended
	Jun. 30, 2024
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 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 (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 the managing general partnership units (“Managing General Partner Units”) of Brookfield Business L.P. (the “Holding LP”), which holds the partnership’s interests in its operating businesses. 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, a construction operation and a dealer software and technology services operation. The partnership’s industrials operations include an advanced energy storage operation and an engineered components manufacturing operation, among others. The partnership’s infrastructure services operations include offshore oil services, modular building leasing services, work access services, and a lottery services operation. The partnership’s operations are primarily located in the United States, the United Kingdom, Europe, Australia, Canada and Brazil.

MATERIAL ACCOUNTING POLICY INFO

MATERIAL ACCOUNTING POLICY INFORMATION	6 Months Ended
	Jun. 30, 2024
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, 2023, 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, 2023 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 7, 2024. (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, 2023. 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 relative to those described in the annual consolidated financial statements as at and for the year ended December 31, 2023. (ii) Global minimum top-up tax The partnership operates in countries, including Canada, which have enacted new legislation to implement the global minimum top-up tax, effective from January 1, 2024 . The partnership has applied a temporary mandatory relief from recognizing and disclosing deferred taxes in connection with the global minimum top-up tax and will account for it as a current tax when it is incurred. There is no material current tax impact for the six months ended June 30, 2024. The global minimum top-up tax is not anticipated to have a material impact on the financial position of the partnership. (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, 2024. (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 partnership adopted these amendments on January 1, 2024 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 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
	Jun. 30, 2024
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 their estimated fair values at the date of acquisition. (a) Acquisitions completed in the six months ended June 30, 2024 There were no significant acquisitions during the three and six months ended June 30, 2024. (b) Acquisitions completed in 2023 Infrastructure services Mobile Mini Solutions (“Mobile Mini”) On January 31, 2023, the partnership’s modular building leasing services acquired a 100% economic interest in Mobile Mini, a provider of portable storage solutions in the United Kingdom 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. Goodwill of $176 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 $58 million, property, plant and equipment of $236 million and other net liabilities of $51 million were acquired as part of the transaction. Transaction costs of approximately $10 million were recorded as other expenses in the 2023 consolidated statements of operating results.

FAIR VALUE OF FINANCIAL INSTRUM

FAIR VALUE OF FINANCIAL INSTRUMENTS	6 Months Ended
	Jun. 30, 2024
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, 2024: (US$ MILLIONS) MEASUREMENT BASIS FVTPL FVOCI Amortized cost Total Financial assets Cash and cash equivalents $ — $ — $ 2,959 $ 2,959 Accounts and other receivable, net (current and non-current) — — 6,607 6,607 Financial assets (current and non-current) (1) 924 4,937 7,961 13,822 Total $ 924 $ 4,937 $ 17,527 $ 23,388 Financial liabilities Accounts payable and other (current and non-current) (1) (2) $ 243 $ 196 $ 10,623 $ 11,062 Borrowings (current and non-current) — — 42,122 42,122 Total $ 243 $ 196 $ 52,745 $ 53,184 ____________________________________ (1) FVOCI and FVTPL include derivative assets and liabilities designated in hedge accounting relationships. Refer to Hedging Activities in Note 4 (a) below. (2) 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 $7,154 million. Included in cash and cash equivalents as at June 30, 2024 was $2,060 million of cash (December 31, 2023: $2,062 million ) and $899 million of cash equivalents (December 31, 2023: $1,190 million ). Included in financial assets (current and non-current) as at June 30, 2024 was $494 million (December 31, 2023: $527 million ) of equity instruments and $4,050 million (December 31, 2023: $4,105 million ) of debt instruments designated and measured at fair value through other comprehensive income. The following table provides the details of financial instruments and their associated financial instrument classifications as at December 31, 2023: (US$ MILLIONS) MEASUREMENT BASIS FVTPL FVOCI Amortized cost Total Financial assets Cash and cash equivalents $ — $ — $ 3,252 $ 3,252 Accounts and other receivable, net (current and non-current) — — 6,563 6,563 Financial assets (current and non-current) (1) 964 4,841 7,371 13,176 Total $ 964 $ 4,841 $ 17,186 $ 22,991 Financial liabilities Accounts payable and other (1)(2) $ 460 $ 331 $ 11,054 $ 11,845 Borrowings (current and non-current) — — 42,249 42,249 Total $ 460 $ 331 $ 53,303 $ 54,094 ____________________________________ (1) FVOCI and FVTPL include of derivative assets and liabilities designated in hedge accounting relationships. Refer to Hedging Activities in Note 4(a) below. (2) Includes derivative liabilities and excludes liabilities associated with assets held for sale, provisions, decommissioning liabilities, deferred revenues, insurance contract liabilities, work in progress, post-employment benefits and other liabilities of $6,533 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, 2024, a pre-tax net gain of $110 million and $145 million, respectively (June 30, 2023: pre-tax net loss of $81 million and $154 million, respectively ) was recorded in other comprehensive income for the effective portion of hedges of net investments in foreign operations. As at June 30, 2024, there was a derivative asset balance of $74 million (December 31, 2023: $4 million) and a derivative liability balance of $160 million (December 31, 2023: $259 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, 2024, a pre-tax net gain of $101 million and $241 million, respectively (June 30, 2023: pre-tax net gain of $160 million and $102 million, respectively ) was recorded in other comprehensive income for the effective portion of cash flow hedges. As at June 30, 2024, there was a derivative asset balance of $319 million (December 31, 2023: $205 million ) and derivative liability balance of $33 million (December 31, 2023: $72 million ) relating to the derivative contracts designated as cash flow hedges. Fair value hedge The partnership uses cross currency interest rate swap contracts to hedge its fair value exposure on certain foreign currency borrowings resulting from changes in foreign currency. As at June 30, 2024, there was a derivative asset balance of $28 million (December 31, 2023: $10 million ) and derivative liability balance of $16 million (December 31, 2023: $31 million ) relating to derivative contracts designated as fair value hedges. (b) Fair value hierarchical levels – financial instruments Level 3 assets and liabilities measured at fair value on a recurring basis include $877 million (December 31, 2023: $828 million ) of financial assets and $110 million (December 31, 2023: $284 million ) of financial liabilities, which are measured at fair value using valuation inputs based on management ’ s best estimates. The following table categorizes financial assets and liabilities, which are carried at fair value, based upon the level of input as at June 30, 2024 and December 31, 2023: June 30, 2024 December 31, 2023 (US$ MILLIONS) Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Financial assets Common shares $ 67 $ — $ — $ 117 $ — $ — Corporate and government bonds 80 3,136 138 25 3,307 85 Derivative assets 4 526 — 6 404 — Other financial assets (1) 440 731 739 399 719 743 $ 591 $ 4,393 $ 877 $ 547 $ 4,430 $ 828 Financial liabilities Derivative liabilities $ 6 $ 323 $ — $ 7 $ 500 $ 1 Other financial liabilities (2) — — 110 — — 283 $ 6 $ 323 $ 110 $ 7 $ 500 $ 284 ____________________________________ (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 convertible preferred securities in the partnership’s audience measurement operation and secured debentures. (2) Includes $75 million ( December 31, 2023 : $258 million) of contingent consideration payable in relation to the acquisition of subsidiaries. There were no transfers between levels during the six months ended June 30, 2024. The following table presents the change in the balance of financial assets classified as Level 3 for the six-month period ended June 30, 2024 and the twelve-month period ended December 31, 2023: (US$ MILLIONS) June 30, 2024 December 31, 2023 Balance at beginning of period $ 828 $ 692 Fair value change recorded in net income (1) 57 Fair value change recorded in other comprehensive income 11 (6) Additions 64 150 Dispositions (23) (70) Foreign currency translation and other (2) 5 Balance at end of period $ 877 $ 828 The following table presents the change in the balance of financial liabilities classified as Level 3 for the six-month period ended June 30, 2024 and the twelve-month period ended December 31, 2023: (US$ MILLIONS) June 30, 2024 December 31, 2023 Balance at beginning of period $ 284 $ 589 Fair value change recorded in net income (153) (62) Fair value change recorded in other comprehensive income 2 (21) Additions 8 25 Dispositions/settlements (29) (262) Foreign currency translation and other (2) 15 Balance at end of period $ 110 $ 284

FINANCIAL ASSETS

FINANCIAL ASSETS	6 Months Ended
	Jun. 30, 2024
Financial Instruments [Abstract]
FINANCIAL ASSETS	FINANCIAL ASSETS (US$ MILLIONS) June 30, 2024 December 31, 2023 Current Marketable securities $ 154 $ 498 Restricted cash 183 189 Derivative assets 122 120 Loans and notes receivable 302 243 Other financial assets (1) 132 89 Total current $ 893 $ 1,139 Non-current Marketable securities $ 2,924 $ 2,748 Restricted cash 66 54 Derivative assets 408 290 Loans and notes receivable (2) 7,199 6,702 Other financial assets (1) 2,332 2,243 Total non-current $ 12,929 $ 12,037 ____________________________________ (1) Other financial assets primarily consist of asset-backed securities and high yield bonds at the partnership’s residential mortgage insurer and convertible preferred shares held in the partnership’s audience measurement operation. (2) Loans and notes receivable includes $6,216 million (December 31, 2023: $5,844 million) of mortgage receivables related to the partnership’s Australian asset manager and lender.

ACCOUNTS AND OTHER RECEIVABLE,

ACCOUNTS AND OTHER RECEIVABLE, NET	6 Months Ended
	Jun. 30, 2024
Subclassifications of assets, liabilities and equities [abstract]
ACCOUNTS AND OTHER RECEIVABLE, NET	ACCOUNTS AND OTHER RECEIVABLE, NET (US$ MILLIONS) June 30, 2024 December 31, 2023 Current, net $ 5,709 $ 5,558 Non-current, net Accounts receivable 153 202 Retainer on customer contract 77 70 Billing rights 668 733 Total non-current, net $ 898 $ 1,005 Total $ 6,607 $ 6,563 Non-current billing rights represent unbilled rights from the partnership’s water and wastewater operation in Brazil from revenues earned from the construction on public concession contracts classified as financial assets, which are recognized when there is an unconditional right to receive cash or other financial assets from the concession authority for the construction services. The partnership’s construction operation has a retention balance, which comprises amounts that have been earned but held back until the satisfaction of certain conditions specified in the contract. The retention balance included in the current accounts and other receivable, net as at June 30, 2024 was $53 million (December 31, 2023: $120 million).

INVENTORY, NET

INVENTORY, NET	6 Months Ended
	Jun. 30, 2024
Inventories [Abstract]
INVENTORY, NET	INVENTORY, NET (US$ MILLIONS) June 30, 2024 December 31, 2023 Raw materials and consumables $ 964 $ 1,066 Fuel products (1) 596 596 Work in progress 607 564 RTFO certificates 391 367 Finished goods and other (2) 1,336 1,072 Carrying amount of inventories $ 3,894 $ 3,665 ____________________________________ (1) Fuel products that are traded in active markets are purchased with a view to resell in the near future. As a result, inventories of fuel products are recorded at fair value based on quoted market prices. (2) Finished goods and other primarily comprises finished goods inventory at our advanced energy storage operation and our engineered components manufacturing operation.

DISPOSITIONS

DISPOSITIONS	6 Months Ended
	Jun. 30, 2024
Disposal Of Noncurrent Assets [Abstract]
DISPOSITIONS	DISPOSITIONS (a) Dispositions completed in the six months ended June 30, 2024 Industrials Canadian aggregates production operation On June 11, 2024, the partnership completed the sale of its Canadian aggregates production operation for total consideration of $140 million, resulting in a pre-tax net gain of $84 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 operation On March 31, 2024, the partnership completed the sale of its general partner interest and residential real estate brokerage portfolio to Bridgemarq, a publicly listed real estate services operation and brokerage business in which the partnership has an equity accounted investment. As consideration, the partnership received limited partnership units in the Bridgemarq public entity, increasing the partnership’s ownership interest from 28% to approximately 42%. This resulted in a pre-tax gain of $15 million recorded in the unaudited interim condensed consolidated statements of operating results, included in gain (loss) on acquisitions/dispositions, net. Infrastructure services Offshore oil services On February 29, 2024, the partnership’s offshore oil services completed the sale of its non-core towage business. The proceeds realized from the sale were equal to the carrying value of the business disposed, resulting in no gain or loss. (b) Dispositions completed in the six months ended June 30, 2023 Business services Dealer software and technology services operations On May 1, 2023, the 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. Residential property management operation On March 31, 2023 , the partnership completed the sale of its residential property management operation , 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 nuclear technology services operation, which the partnership sold in November 2023, completed the sale of its power delivery business for gross proceeds of approximately $275 million, resulting in a net pre-tax gain of $14 million recorded in the unaudited interim condensed consolidated statements of operating results, included in gain (loss) on acquisitions/dispositions, net.

OTHER ASSETS

OTHER ASSETS	6 Months Ended
	Jun. 30, 2024
Subclassifications of assets, liabilities and equities [abstract]
OTHER ASSETS	OTHER ASSETS (US$ MILLIONS) June 30, 2024 December 31, 2023 Current Work in progress (1) $ 193 $ 200 Prepayments and other assets 1,055 956 Assets held for sale 112 115 Total current $ 1,360 $ 1,271 Non-current Prepayments and other assets $ 373 $ 385 Total non-current $ 373 $ 385 ____________________________________ (1) See Note 15 for additional information.

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT	6 Months Ended
	Jun. 30, 2024
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, 2024 and the twelve-month period ended December 31, 2023: (US$ MILLIONS) June 30, 2024 December 31, 2023 Gross carrying amount Balance at beginning of period $ 22,392 $ 21,980 Additions (cash and non-cash) 1,603 3,433 Dispositions (978) (3,589) Acquisitions through business combinations (1) 7 236 Foreign currency translation and other (601) 332 Balance at end of period $ 22,423 $ 22,392 Accumulated depreciation and impairment Balance at beginning of period $ (6,668) $ (6,087) Depreciation/depletion/impairment expense (829) (2,049) Dispositions 397 1,568 Foreign currency translation and other 107 (100) Balance at end of period $ (6,993) $ (6,668) Net book value (2) $ 15,430 $ 15,724 ____________________________________ (1) See Note 3 for additional information. (2) Includes right-of-use assets of $1,193 million as at June 30, 2024 (December 31, 2023: $1,296 million)

INTANGIBLE ASSETS

INTANGIBLE ASSETS	6 Months Ended
	Jun. 30, 2024
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, 2024 and twelve-month period ended December 31, 2023: (US$ MILLIONS) June 30, 2024 December 31, 2023 Gross carrying amount Balance at beginning of period $ 25,242 $ 27,568 Additions 182 588 Acquisitions through business combinations 11 74 Dispositions (12) (3,485) Foreign currency translation (703) 497 Balance at end of period $ 24,720 $ 25,242 Accumulated amortization and impairment Balance at beginning of period $ (4,396) $ (3,615) Amortization and impairment expense (793) (1,730) Dispositions 8 1,038 Foreign currency translation 135 (89) Balance at end of period $ (5,046) $ (4,396) Net book value $ 19,674 $ 20,846

GOODWILL

GOODWILL	6 Months Ended
	Jun. 30, 2024
Intangible Assets [Abstract]
GOODWILL	GOODWILL The following table presents the change in the balance of goodwill for the six-month period ended June 30, 2024 and the twelve-month period ended December 31, 2023: (US$ MILLIONS) June 30, 2024 December 31, 2023 Balance at beginning of period $ 14,129 $ 15,479 Acquisitions through business combinations (1) 46 189 Impairment — (605) Dispositions (5) (1,091) Foreign currency translation (260) 157 Balance at end of period $ 13,910 $ 14,129 ____________________________________ (1) See Note 3 for additional information.

EQUITY ACCOUNTED INVESTMENTS

EQUITY ACCOUNTED INVESTMENTS	6 Months Ended
	Jun. 30, 2024
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, 2024 and twelve-month period ended December 31, 2023: (US$ MILLIONS) June 30, 2024 December 31, 2023 Balance at beginning of period $ 2,154 $ 2,065 Additions 53 464 Dispositions — (354) Share of net income (loss) 54 132 Share of other comprehensive income (loss) (8) 1 Distributions received (125) (172) Foreign currency translation (24) 18 Balance at end of period $ 2,104 $ 2,154

ACCOUNTS PAYABLE AND OTHER

ACCOUNTS PAYABLE AND OTHER	6 Months Ended
	Jun. 30, 2024
Subclassifications of assets, liabilities and equities [abstract]
ACCOUNTS PAYABLE AND OTHER	ACCOUNTS PAYABLE AND OTHER (US$ MILLIONS) June 30, 2024 December 31, 2023 Current Accounts payable $ 4,120 $ 4,234 Accrued and other liabilities (1) (2) 5,601 5,194 Lease liabilities 249 266 Financial liabilities (3) 278 278 Insurance liabilities 389 433 Work in progress (4) 514 481 Provisions and decommissioning liabilities 661 689 Liabilities associated with assets held for sale 8 23 Total current $ 11,820 $ 11,598 Non-current Accounts payable $ 92 $ 94 Accrued and other liabilities (2) 1,634 1,692 Lease liabilities 1,033 1,104 Financial liabilities (3) 1,701 1,894 Insurance liabilities 1,473 1,501 Work in progress (4) 27 20 Provisions and decommissioning liabilities 436 475 Total non-current $ 6,396 $ 6,780 ____________________________________ (1) Includes bank overdrafts of $476 million as at June 30, 2024 (December 31, 2023: $558 million). (2) Includes post-employment benefits of $248 million ($7 million current and $241 million non-current) as at June 30, 2024 and $250 million ($7 million current and $243 million non-current) as at December 31, 2023. (3) Includes financial liabilities of $1,341 million ($65 million current and $1,276 million non-current) as at June 30, 2024 and $1,345 million ($64 million current and $1,281 million non-current) as at December 31, 2023 related to a failed sale and leaseback of hospitals. (4) See Note 15 for additional information.

CONTRACTS IN PROGRESS

CONTRACTS IN PROGRESS	6 Months Ended
	Jun. 30, 2024
Construction Contracts [Abstract]
CONTRACTS IN PROGRESS	CONTRACTS IN PROGRESS (US$ MILLIONS) June 30, 2024 December 31, 2023 Contract costs incurred to date $ 12,189 $ 13,519 Profit recognized to date (less recognized losses) (46) 170 $ 12,143 $ 13,689 Less: progress billings (12,491) (13,990) Contract work in progress (liability) $ (348) $ (301) Comprising: Amounts due from customers – work in progress $ 193 $ 200 Amounts due to customers – creditors (541) (501) Net work in progress $ (348) $ (301)

BORROWINGS

BORROWINGS	6 Months Ended
	Jun. 30, 2024
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, CORRA (which replaced CDOR on July 1, 2024) , 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 $2,350 million with a maturity date of June 29, 2029. The balance drawn on the bilateral credit facility, net of deferred financing costs, wa s $1,882 million as at June 30, 2024 ( December 31, 2023: $1,440 million). The partnership had $1 billion available on its revolving credit facility with Brookfield (the “Brookfield Credit Agreement”) as at June 30, 2024. 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. dollars 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, which date will automatically extend for a one-year period on April 27 of each year unless Brookfield provides written notice of its intention not to further extend the then prevailing maturity date. The total available amount on the credit facility will decrease to $500 million on April 27, 2025. As at June 30, 2024, 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, 2024, there were no funds on deposit from Brookfield (December 31, 2023: $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 in subsidiaries of the partnership as at June 30, 2024, net of deferred financing costs, premiums and discounts, were $2,965 million and $37,275 million, respectively (December 31, 2023: $2,757 million and $38,052 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 operations 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, securitization programs, credit facilities and notes and debentures which are subject to fixed or floating interest rates. The majority of borrowings drawn 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. 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.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	6 Months Ended
	Jun. 30, 2024
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, 2024, $nil was drawn on the credit facilities under the Brookfield Credit Agreement (December 31, 2023: $nil). Refer to Note 16 for further details. 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 partnership’s 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, 2024, the net deposit from Brookfield was $nil (December 31, 2023: $nil) and the partnership incurred interest income (expense) of $nil for the three and six months ended June 30, 2024 (June 30, 2023: $nil) on these deposits. Pursuant to the Master Services Agreement (“Master Services Agreement”), Brookfield Business Partners L.P. and other service recipients (the “Service Recipients” as defined in the Master Services Agreement) pay a base management fee, referred to as the Base Management Fee, to certain service providers (the “Service Providers” as defined in the Master Services Agreement) equal to 0.3125% per quarter (1.25% annually) of the total capitalization of the partnership, 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, 2024 was $21 million and $44 million, respectively (June 30, 2023: $23 million and $46 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, 2024 was $nil (June 30, 2023: $nil). An integral part of the partnership’s strategy is to participate with institutional investors in Brookfield-sponsored private equity funds that target acquisitions that suit the partnership’s investment mandate. In the normal course of business, the partnership and institutional investors have made commitments to Brookfield-sponsored private equity funds, and in connection therewith, the partnership, together with institutional investors, has access to short-term financing using the private equity funds’ credit facilities to facilitate investments that Brookfield has determined to be in the partnership’s best interests. In addition, at the time of spin-off of the partnership from Brookfield in 2016, the partnership entered into indemnity agreements with Brookfield that relate to certain contracts that were in place prior to the spin-off. Under these indemnity agreements, Brookfield has agreed to indemnify the partnership for payments relating to such contracts. (b) Other Inclusive of those described above, the following table summarizes the transactions the partnership has entered into with related parties for the three and six month periods ended June 30, 2024 and 2023: Three Months Ended Six Months Ended (US$ MILLIONS) 2024 2023 2024 2023 Transactions during the period Business services revenues (1) $ 74 $ 15 $ 110 $ 73 ____________________________________ (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, 2024 and December 31, 2023: (US$ MILLIONS) June 30, 2024 December 31, 2023 Balances at end of period Accounts and other receivable, net $ 447 $ 182 Accounts payable and other (1) 341 346 Non-recourse borrowings in subsidiaries of the partnership 150 146 Interest of others in operating subsidiaries 4 4 ____________________________________ (1) Includes $258 million related to a tax receivable agreement payable to related parties by the partnership’s advanced energy storage operation (December 31, 2023: $245 million).

DERIVATIVE FINANCIAL INSTRUMENT

DERIVATIVE FINANCIAL INSTRUMENTS	6 Months Ended
	Jun. 30, 2024
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, 2024 and December 31, 2023 were as follows: June 30, 2024 December 31, 2023 (US$ MILLIONS) Financial Assets Financial Liabilities Financial Assets Financial Liabilities Foreign exchange contracts $ 90 $ (190) $ 75 $ (291) Cross currency swaps 52 (44) 12 (58) Interest rate derivatives 313 (83) 248 (123) Commodities contracts 75 (12) 75 (36) Total $ 530 $ (329) $ 410 $ (508) Total current $ 122 $ (134) $ 120 $ (139) Total non-current $ 408 $ (195) $ 290 $ (369)

EQUITY

EQUITY	6 Months Ended
	Jun. 30, 2024
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 $740 million of preferred securities held by Brookfield. As at June 30, 2024, Brookfield owned approximately 65.5% of the partnership on a fully exchanged basis, assuming the exchange of all of the Redemption-Exchange Units and BBUC exchangeable shares. The partnership’s sole direct investment consists of 74,281,770 Managing General Partner Units of Holding LP (December 31, 2023: 74,281,767), through which the partnership holds all of its interests in its operating businesses. For the three and six months ended June 30, 2024, 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, 2023: $13 million and $27 million, respectively or $0.0625 per Unit). For the three months and six months ended June 30, 2024, the partnership declared distributions on the perpetual preferred equity securities held by Brookfield of $13 million and $26 million, respectively (June 30, 2023: $22 million and $44 million, respectively). For the three and six months ended June 30, 2024, the partnership made distributions to others who have interests in operating subsidiaries of $181 million and $282 million, respectively (June 30, 2023: $968 million and $1,219 million, respectively). Distributions to others who have interests in operating subsidiaries were primarily related to distributions from the partnership’s Australian asset manager and lender and residential mortgage insurer. (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, 2024: UNITS GP Units LP Units Total Authorized and issued Opening balance 4 74,281,763 74,281,767 Conversion from BBUC exchangeable shares — 3 3 Issued as at June 30, 2024 4 74,281,766 74,281,770 The weighted average number of LP Units outstanding for the three and six months ended June 30, 2024 was 74.3 million (June 30, 2023: 74.6 million). During the six months ended June 30, 2024, the partnership did not repurchase any of its LP Units (June 30, 2023: nil LP Units). During the six months ended June 30, 2024, Brookfield purchased 15,211 LP Units under our NCIB ( June 30, 2023: 374,533 LP Units). Managing General Partner Units of the Holding LP are repurchased and canceled in connection with the repurchase and cancellation of LP Units. During the six months ended June 30, 2024, nil Managing General Partner Units (June 30, 2023: nil) were repurchased and canceled as no LP Units were repurchased by the partnership. Net income (loss) attributable to limited partnership unitholders for the three and six months ended June 30, 2024 was $(7) million and $10 million, respectively (June 30, 2023: net income (loss) of $(16) million and $9 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, 2024 69,705,497 The weighted average number of Redemption-Exchange Units outstanding for the three and six months ended June 30, 2024 was 69.7 million (June 30, 2023: 69.7 million). As at June 30, 2024, the Holding LP had issued 69.7 million Redemption-Exchange Units to Brookfield (June 30, 2023: 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 instruments 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, 2024: SHARES BBUC exchangeable shares Balance as at January 1, 2024 72,954,450 Converted to LP Units (3) Issued as at June 30, 2024 72,954,447 During the six months ended June 30, 2024, 3 BBUC exchangeable shares were exchanged into LP Units (June 30, 2023: 622). An additional Managing General Partner Unit is issued to the partnership each time an LP Unit is issued, including when a BBUC exchangeable share is exchanged by the holder thereof for an LP Unit. During the six months ended June 30, 2024, 3 Managing General Partner Units (June 30, 2023: 622) were issued to the partnership in connection with the exchange of 3 BBUC exchangeable shares into LP Units (June 30, 2023: 622). (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, 2024 4 The weighted average number of special limited partner units outstanding for the three and six months ended June 30, 2024 was 4 (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 on a fully exchanged basis (assuming the exchange of all of the Redemption-Exchange Units and BBUC exchangeable shares) over an initial threshold based on the volume-weighted average price of the LP Units, subject to a high-water mark. During the three months ended June 30, 2024, the volume-weighted average price was $19.30 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, 2023: $nil). (e) Preferred securities held by Brookfield ($US MILLIONS) Preferred securities held by Brookfield Authorized and issued Opening balance $ 740 Balance as at June 30, 2024 $ 740 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 instruments of the applicable entities in accordance with IAS 32 and are reflected as a component of non-controlling interests in the unaudited interim condensed consolidated statements of financial position. The partnership has an agreement with Brookfield to subscribe for up to $1.5 billion of perpetual preferred equity securities of subsidiaries of the partnership. The preferred securities are redeemable at the option of Brookfield to the extent the partnership completes asset sales, financings or equity issuances. These perpetual 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, 2024, the amount subscribed from subsidiaries of the partnership was $725 million with an annual dividend of 7% ( December 31, 2023 : $725 million). The remaining capacity available on the commitment agreement with Brookfield is $25 million.

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	6 Months Ended
	Jun. 30, 2024
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, 2024 and 2023: (US$ MILLIONS) Foreign currency FVOCI Other (1) Accumulated other comprehensive income (loss) Balance as at January 1, 2024 $ (189) $ 5 $ 54 $ (130) Other comprehensive income (loss) (74) 4 29 (41) Balance as at June 30, 2024 $ (263) $ 9 $ 83 $ (171) ____________________________________ (1) Represents net investment hedges, cash flow hedges and other reserves. (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 Balance as at June 30, 2023 $ (219) $ 5 $ 93 $ (121) ____________________________________ (1) Represents net investment hedges, cash flow hedges and other reserves.

DIRECT OPERATING COSTS

DIRECT OPERATING COSTS	6 Months Ended
	Jun. 30, 2024
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. Key decision makers of the partnership are all employees of Brookfield or its subsidiaries, which provide management services under the Master Services Agreement with Brookfield. Refer to Note 17. 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, 2024 and 2023. Three Months Ended Six Months Ended (US$ MILLIONS) 2024 2023 2024 2023 Inventory costs $ 7,283 $ 8,030 $ 14,769 $ 16,421 Subcontractor and consultant costs 861 765 1,533 1,465 Concession construction materials and labor costs 38 85 78 160 Depreciation and amortization expense 809 907 1,617 1,807 Compensation 985 1,591 1,961 3,109 Other direct costs 952 952 1,848 1,834 Total $ 10,928 $ 12,330 $ 21,806 $ 24,796 Other direct costs include freight, cost of construction expensed and expected credit loss provisions on financial assets.

REVENUES

REVENUES	6 Months Ended
	Jun. 30, 2024
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, 2024: Three Months Ended June 30, 2024 (US$ MILLIONS) Business services Infrastructure services Industrials Total Revenues by type Revenues from contracts with customers $ 7,141 $ 592 $ 3,416 $ 11,149 Other revenues 444 350 3 797 Total revenues $ 7,585 $ 942 $ 3,419 $ 11,946 Six Months Ended June 30, 2024 (US$ MILLIONS) Business services Infrastructure services Industrials Total Revenues by type Revenues from contracts with customers $ 14,164 $ 1,138 $ 7,079 $ 22,381 Other revenues 883 690 7 1,580 Total revenues $ 15,047 $ 1,828 $ 7,086 $ 23,961 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 (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, 2024: Three Months Ended June 30, 2024 (US$ MILLIONS) Business services Infrastructure services Industrials Total Timing of revenue recognition Goods and services provided at a point in time $ 5,713 $ 221 $ 3,361 $ 9,295 Services transferred over a period of time 1,428 371 55 1,854 Total revenues from contracts with customers $ 7,141 $ 592 $ 3,416 $ 11,149 Six Months Ended June 30, 2024 (US$ MILLIONS) Business services Infrastructure services Industrials Total Timing of revenue recognition Goods and services provided at a point in time $ 11,390 $ 377 $ 6,968 $ 18,735 Services transferred over a period of time 2,774 761 111 3,646 Total revenues from contracts with customers $ 14,164 $ 1,138 $ 7,079 $ 22,381 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 (c) Revenues by geography The tables below summarize the partnership’s segment revenues by geography for the three and six months ended June 30, 2024: Three Months Ended June 30, 2024 (US$ MILLIONS) Business services Infrastructure services Industrials Total United Kingdom $ 4,403 $ 72 $ 70 $ 4,545 United States of America 300 233 1,367 1,900 Europe 452 181 827 1,460 Australia 1,182 40 35 1,257 Canada 309 18 128 455 Brazil 247 22 327 596 Mexico — — 322 322 Other 248 26 340 614 Total revenues from contracts with customers $ 7,141 $ 592 $ 3,416 $ 11,149 Other revenues 444 350 3 797 Total revenues $ 7,585 $ 942 $ 3,419 $ 11,946 Six Months Ended June 30, 2024 (US$ MILLIONS) Business services Infrastructure services Industrials Total United Kingdom $ 8,729 $ 145 $ 154 $ 9,028 United States of America 753 423 2,835 4,011 Europe 938 362 1,756 3,056 Australia 2,164 80 66 2,310 Canada 582 43 244 869 Brazil 483 40 675 1,198 Mexico — — 641 641 Other 515 45 708 1,268 Total revenues from contracts with customers $ 14,164 $ 1,138 $ 7,079 $ 22,381 Other revenues 883 690 7 1,580 Total revenues $ 15,047 $ 1,828 $ 7,086 $ 23,961 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

SEGMENT INFORMATION

SEGMENT INFORMATION	6 Months Ended
	Jun. 30, 2024
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, 2024 Total attributable to Unitholders Attributable to non-controlling interests As per IFRS Financials (US$ MILLIONS) Business Infrastructure services Industrials Corporate Total (1) Revenues $ 2,353 $ 322 $ 964 $ — $ 3,639 $ 8,307 $ 11,946 Direct operating costs (2) (2,154) (189) (739) (3) (3,085) (7,034) (10,119) General and administrative expenses (35) (20) (27) (25) (107) (200) (307) Gain (loss) on acquisitions / dispositions, net (3) — — 81 — 81 3 84 Gain (loss) on acquisitions / dispositions, net recorded in equity (4) — — 22 — 22 — 22 Other income (expense), net (5) 2 — 3 — 5 8 13 Interest income (expense), net (72) (60) (86) (38) (256) (522) (778) Current income tax (expense) recovery (17) (3) (22) — (42) (80) (122) Preferred equity distributions — — — (13) (13) 13 — Equity accounted Adjusted EFO (6) 9 26 10 — 45 36 81 Adjusted EFO 86 76 206 (79) 289 Depreciation and amortization expense (2)(7) (251) (558) (809) Gain (loss) on acquisitions / dispositions, net recorded in equity (4) (22) — (22) Other income (expense), net (5) (89) (24) (113) Deferred income tax (expense) recovery 88 151 239 Non-cash items attributable to equity accounted investments (6) (35) (15) (50) Net income (loss) $ (20) $ 85 $ 65 (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 $10,928 million as per the unaudited interim condensed consolidated statements of operating results. (3) Gain (loss) on acquisitions/dispositions, net recorded in Adjusted EFO of $81 million represents the partnership’s economic ownership interest in gains from the disposition of the partnership’s Canadian aggregates production operation. (4) Gain (loss) on acquisitions/dispositions, net recorded in equity in Adjusted EFO of $22 million represents the partnership's economic ownership interest in gains related to the disposition of public securities. (5) The sum of these amounts equates to other income (expense), net of $(100) million as per the unaudited interim condensed consolidated statements of operating results. Other income (expense), net in Adjusted EFO of $5 million includes $2 million of realized net revaluation gains, and $3 million of other income. Other income (expense), net at the partnership’s economic ownership interest that is excluded from Adjusted EFO of $(89) million includes $82 million related to provisions recorded at the partnership’s construction operation, $13 million of net gains on debt modification and extinguishment, $13 million of business separation expenses, stand-up costs and restructuring charges, $8 million of unrealized net revaluation gains, $5 million of transaction costs and $10 million of other expenses. (6) The sum of these amounts equates to equity accounted income (loss) of $31 million as per the unaudited interim condensed consolidated statements of operating results. (7) For the three months ended June 30, 2024, depreciation and amortization expense by segment is as follows: business services $248 million, infrastructure services $222 million, industrials $339 million, and corporate and other $nil. Six Months Ended June 30, 2024 Total attributable to Unitholders Attributable to non-controlling interests As per IFRS Financials (US$ MILLIONS) Business Infrastructure services Industrials Corporate Total (1) Revenues $ 4,536 $ 629 $ 1,998 $ — $ 7,163 $ 16,798 $ 23,961 Direct operating costs (2) (4,111) (373) (1,532) (7) (6,023) (14,166) (20,189) General and administrative expenses (73) (39) (56) (53) (221) (403) (624) Gain (loss) on acquisitions / dispositions, net (3) 15 — 81 — 96 3 99 Gain (loss) on acquisitions / dispositions, net in equity (4) — — 69 — 69 13 82 Other income (expense), net (5) 51 12 4 — 67 6 73 Interest income (expense), net (143) (123) (176) (75) (517) (1,057) (1,574) Current income tax (expense) recovery (38) (4) (23) (7) (72) (140) (212) Preferred equity distributions — — — (26) (26) 26 — Equity accounted Adjusted EFO (6) 17 46 21 — 84 71 155 Adjusted EFO 254 148 386 (168) 620 Depreciation and amortization expense (2)(7) (504) (1,113) (1,617) Impairment reversal (expense), net 5 5 10 Gain (loss) on acquisitions / dispositions, net in equity (4) (69) (13) (82) Other income (expense), net (5) (84) 27 (57) Deferred income tax (expense) recovery 131 213 344 Non-cash items attributable to equity accounted investments (6) (71) (30) (101) Net income (loss) $ 28 $ 240 $ 268 (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 $21,806 million as per the unaudited interim condensed consolidated statements of operating results. (3) Gain (loss) on acquisitions/dispositions, net recorded in Adjusted EFO of $96 million represents the partnership’s economic ownership interest in gains of $81 million from the disposition of the partnership’s Canadian aggregates production operation and $15 million from the disposition of the partnership’s real estate services operation. (4) Gain (loss) on acquisitions/dispositions, net recorded in equity in Adjusted EFO of $69 million represents the partnership’s economic interest in gains primarily related to the disposition of public securities. (5) The sum of these amounts equates to other income (expense), net of $16 million as per the unaudited interim condensed consolidated statements of operating results. Other income (expense), net in Adjusted EFO of $67 million includes $50 million of other income related to a distribution at the partnership’s entertainment operation, $15 million of realized net revaluation gains, and $2 million of other income. Other income (expense), net at the partnership’s economic ownership interest that is excluded from Adjusted EFO of $(84) million includes $82 million related to provisions recorded at the partnership’s construction operation, $46 million of unrealized net revaluation gains, $18 million of transaction costs, $18 million of business separation expenses, stand-up costs and restructuring charges, $8 million of net gains on debt modification and extinguishment, and $20 million of other expenses. (6) The sum of these amounts equates to equity accounted income (loss), net of $54 million as per the unaudited interim condensed consolidated statements of operating results. (7) For the six months ended June 30, 2024, depreciation and amortization expense by segment is as follows: business services $502 million, infrastructure services $434 million, industrials $681 million, and corporate and other $nil. Three Months Ended June 30, 2023 Total attributable to Unitholders Attributable to non-controlling interests As per IFRS Financials (US$ 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 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) 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 recorded 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) Preferred equity distributions — — — (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 recorded 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 operation, $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 in 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 expenses. (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 $nil. Segment Assets For the purpose of monitoring segment performance and allocating resources between segments, the CODM monitors assets, including investments accounted for using the equity method, attributable to each segment. The following table presents the partnership’s assets by reportable operating segment as at June 30, 2024 and December 31, 2023: (US$ MILLIONS) As at As at Business services $ 37,910 $ 38,066 Infrastructure services 17,255 17,180 Industrials 26,072 26,822 Corporate and other 284 317 Total $ 81,521 $ 82,385

SUPPLEMENTAL CASH FLOW INFORMAT

SUPPLEMENTAL CASH FLOW INFORMATION	6 Months Ended
	Jun. 30, 2024
Cash Flow Statement [Abstract]
SUPPLEMENTAL CASH FLOW INFORMATION	SUPPLEMENTAL CASH FLOW INFORMATION Six Months Ended (US$ MILLIONS) 2024 2023 Net interest paid (received) $ 1,526 $ 1,264 Net income taxes paid (received) 594 223 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) 2024 2023 Accounts receivable $ (988) $ (612) Inventory (316) 361 Prepayments and other (152) (655) Accounts payable and other 607 432 Changes in non-cash working capital, net $ (849) $ (474)

INSURANCE CONTRACTS

INSURANCE CONTRACTS	6 Months Ended
	Jun. 30, 2024
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, reported 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, 2024 $ 385 $ 479 $ 1,070 $ 1,934 Change during period: Changes that relate to current service: Contractual service margin recognized for services provided — — (193) (193) Change in risk adjustment recognized for the risk expired — (34) — (34) Changes that relate to future service: Contracts initially recognized in the period (165) 59 106 — Changes in estimates that adjust the contractual service margin (1) (29) 30 — Changes that relate to past services: Adjustments to liabilities for incurred claims (10) — — (10) Insurance finance income/(expenses) 8 10 15 33 Foreign currency translation (11) (15) (33) (59) (179) (9) (75) (263) Cash flows: Premiums received 242 — — 242 Claims and other insurance service expenses paid (20) — — (20) Insurance acquisition cash flows (31) — — (31) Insurance liabilities, as at June 30, 2024 $ 397 $ 470 $ 995 $ 1,862 (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 Changes 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
	Jun. 30, 2024
Events After Reporting Period [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS (a) Distribution On August 1, 2024, the Board of Directors declared a quarterly distribution in the amount of $0.0625 per LP Unit, payable on September 27, 2024 to unitholders of record as at the close of business on August 30, 2024. (b) Sale of road fuels operation On July 31, 2024, the partnership completed the sale of its road fuels operation once outstanding regulatory approvals were received. As at June 30, 2024, the partnership’s road fuels operation did not meet the criteria to be presented as a disposal group held for sale on the unaudited interim condensed consolidated statement of financial position due to substantive regulatory approvals which remained outstanding at the time.

MATERIAL ACCOUNTING POLICY IN_2

MATERIAL ACCOUNTING POLICY INFORMATION (Policies)	6 Months Ended
	Jun. 30, 2024
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, 2023, 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, 2023 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 7, 2024.
Critical accounting judgments and measurement uncertainty	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, 2023. 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 relative to those described in the annual consolidated financial statements as at and for the year ended December 31, 2023. (ii) Global minimum top-up tax The partnership operates in countries, including Canada, which have enacted new legislation to implement the global minimum top-up tax, effective from January 1, 2024 . The partnership has applied a temporary mandatory relief from recognizing and disclosing deferred taxes in connection with the global minimum top-up tax and will account for it as a current tax when it is incurred. There is no material current tax impact for the six months ended
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, 2024. (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 partnership adopted these amendments on January 1, 2024 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 There are currently no other future changes to IFRS with expected material impacts on the partnership.
Disclosure of detailed information about business combinations	Mobile Mini Solutions (“Mobile Mini”) On January 31, 2023, the partnership’s modular building leasing services acquired a 100% economic interest in Mobile Mini, a provider of portable storage solutions in the United Kingdom 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. Goodwill of $176 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 $58 million, property, plant and equipment of $236 million and other net liabilities of $51 million were acquired as part of the transaction. Transaction costs of approximately $10 million were recorded as other expenses in the 2023 consolidated statements of operating results.

FAIR VALUE OF FINANCIAL INSTR_2

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	6 Months Ended
	Jun. 30, 2024
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, 2024: (US$ MILLIONS) MEASUREMENT BASIS FVTPL FVOCI Amortized cost Total Financial assets Cash and cash equivalents $ — $ — $ 2,959 $ 2,959 Accounts and other receivable, net (current and non-current) — — 6,607 6,607 Financial assets (current and non-current) (1) 924 4,937 7,961 13,822 Total $ 924 $ 4,937 $ 17,527 $ 23,388 Financial liabilities Accounts payable and other (current and non-current) (1) (2) $ 243 $ 196 $ 10,623 $ 11,062 Borrowings (current and non-current) — — 42,122 42,122 Total $ 243 $ 196 $ 52,745 $ 53,184 ____________________________________ (1) FVOCI and FVTPL include derivative assets and liabilities designated in hedge accounting relationships. Refer to Hedging Activities in Note 4 (a) below. (2) 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 $7,154 million. The following table provides the details of financial instruments and their associated financial instrument classifications as at December 31, 2023: (US$ MILLIONS) MEASUREMENT BASIS FVTPL FVOCI Amortized cost Total Financial assets Cash and cash equivalents $ — $ — $ 3,252 $ 3,252 Accounts and other receivable, net (current and non-current) — — 6,563 6,563 Financial assets (current and non-current) (1) 964 4,841 7,371 13,176 Total $ 964 $ 4,841 $ 17,186 $ 22,991 Financial liabilities Accounts payable and other (1)(2) $ 460 $ 331 $ 11,054 $ 11,845 Borrowings (current and non-current) — — 42,249 42,249 Total $ 460 $ 331 $ 53,303 $ 54,094 ____________________________________ (1) FVOCI and FVTPL include of derivative assets and liabilities designated in hedge accounting relationships. Refer to Hedging Activities in Note 4(a) below. (2) Includes derivative liabilities and excludes liabilities associated with assets held for sale, provisions, decommissioning liabilities, deferred revenues, insurance contract liabilities, work in progress, post-employment benefits and other liabilities of $6,533 million. (US$ MILLIONS) June 30, 2024 December 31, 2023 Current Marketable securities $ 154 $ 498 Restricted cash 183 189 Derivative assets 122 120 Loans and notes receivable 302 243 Other financial assets (1) 132 89 Total current $ 893 $ 1,139 Non-current Marketable securities $ 2,924 $ 2,748 Restricted cash 66 54 Derivative assets 408 290 Loans and notes receivable (2) 7,199 6,702 Other financial assets (1) 2,332 2,243 Total non-current $ 12,929 $ 12,037 ____________________________________ (1) Other financial assets primarily consist of asset-backed securities and high yield bonds at the partnership’s residential mortgage insurer and convertible preferred shares held in the partnership’s audience measurement operation. (2) Loans and notes receivable includes $6,216 million (December 31, 2023: $5,844 million) of mortgage receivables related to the partnership’s Australian asset manager and lender. (US$ MILLIONS) June 30, 2024 December 31, 2023 Current, net $ 5,709 $ 5,558 Non-current, net Accounts receivable 153 202 Retainer on customer contract 77 70 Billing rights 668 733 Total non-current, net $ 898 $ 1,005 Total $ 6,607 $ 6,563
Financial liabilities classification	The following table provides the details of financial instruments and their associated financial instrument classifications as at June 30, 2024: (US$ MILLIONS) MEASUREMENT BASIS FVTPL FVOCI Amortized cost Total Financial assets Cash and cash equivalents $ — $ — $ 2,959 $ 2,959 Accounts and other receivable, net (current and non-current) — — 6,607 6,607 Financial assets (current and non-current) (1) 924 4,937 7,961 13,822 Total $ 924 $ 4,937 $ 17,527 $ 23,388 Financial liabilities Accounts payable and other (current and non-current) (1) (2) $ 243 $ 196 $ 10,623 $ 11,062 Borrowings (current and non-current) — — 42,122 42,122 Total $ 243 $ 196 $ 52,745 $ 53,184 ____________________________________ (1) FVOCI and FVTPL include derivative assets and liabilities designated in hedge accounting relationships. Refer to Hedging Activities in Note 4 (a) below. (2) 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 $7,154 million. The following table provides the details of financial instruments and their associated financial instrument classifications as at December 31, 2023: (US$ MILLIONS) MEASUREMENT BASIS FVTPL FVOCI Amortized cost Total Financial assets Cash and cash equivalents $ — $ — $ 3,252 $ 3,252 Accounts and other receivable, net (current and non-current) — — 6,563 6,563 Financial assets (current and non-current) (1) 964 4,841 7,371 13,176 Total $ 964 $ 4,841 $ 17,186 $ 22,991 Financial liabilities Accounts payable and other (1)(2) $ 460 $ 331 $ 11,054 $ 11,845 Borrowings (current and non-current) — — 42,249 42,249 Total $ 460 $ 331 $ 53,303 $ 54,094 ____________________________________ (1) FVOCI and FVTPL include of derivative assets and liabilities designated in hedge accounting relationships. Refer to Hedging Activities in Note 4(a) below. (2) Includes derivative liabilities and excludes liabilities associated with assets held for sale, provisions, decommissioning liabilities, deferred revenues, insurance contract liabilities, work in progress, post-employment benefits and other liabilities of $6,533 million.
Carrying and fair values of financial assets	The following table categorizes financial assets and liabilities, which are carried at fair value, based upon the level of input as at June 30, 2024 and December 31, 2023: June 30, 2024 December 31, 2023 (US$ MILLIONS) Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Financial assets Common shares $ 67 $ — $ — $ 117 $ — $ — Corporate and government bonds 80 3,136 138 25 3,307 85 Derivative assets 4 526 — 6 404 — Other financial assets (1) 440 731 739 399 719 743 $ 591 $ 4,393 $ 877 $ 547 $ 4,430 $ 828 Financial liabilities Derivative liabilities $ 6 $ 323 $ — $ 7 $ 500 $ 1 Other financial liabilities (2) — — 110 — — 283 $ 6 $ 323 $ 110 $ 7 $ 500 $ 284 ____________________________________ (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 convertible preferred securities in the partnership’s audience measurement operation and secured debentures. (2) Includes $75 million ( December 31, 2023 : $258 million) of contingent consideration payable in relation to the acquisition of subsidiaries.
Carrying and fair values of financial liabilities	The following table categorizes financial assets and liabilities, which are carried at fair value, based upon the level of input as at June 30, 2024 and December 31, 2023: June 30, 2024 December 31, 2023 (US$ MILLIONS) Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Financial assets Common shares $ 67 $ — $ — $ 117 $ — $ — Corporate and government bonds 80 3,136 138 25 3,307 85 Derivative assets 4 526 — 6 404 — Other financial assets (1) 440 731 739 399 719 743 $ 591 $ 4,393 $ 877 $ 547 $ 4,430 $ 828 Financial liabilities Derivative liabilities $ 6 $ 323 $ — $ 7 $ 500 $ 1 Other financial liabilities (2) — — 110 — — 283 $ 6 $ 323 $ 110 $ 7 $ 500 $ 284 ____________________________________ (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 convertible preferred securities in the partnership’s audience measurement operation and secured debentures. (2) Includes $75 million ( December 31, 2023 : $258 million) of contingent consideration payable in relation to the acquisition of subsidiaries.
Schedule of significant unobservable inputs used and change in balance of financial assets	The following table presents the change in the balance of financial assets classified as Level 3 for the six-month period ended June 30, 2024 and the twelve-month period ended December 31, 2023: (US$ MILLIONS) June 30, 2024 December 31, 2023 Balance at beginning of period $ 828 $ 692 Fair value change recorded in net income (1) 57 Fair value change recorded in other comprehensive income 11 (6) Additions 64 150 Dispositions (23) (70) Foreign currency translation and other (2) 5 Balance at end of period $ 877 $ 828
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, 2024 and the twelve-month period ended December 31, 2023: (US$ MILLIONS) June 30, 2024 December 31, 2023 Balance at beginning of period $ 284 $ 589 Fair value change recorded in net income (153) (62) Fair value change recorded in other comprehensive income 2 (21) Additions 8 25 Dispositions/settlements (29) (262) Foreign currency translation and other (2) 15 Balance at end of period $ 110 $ 284

FINANCIAL ASSETS (Tables)

FINANCIAL ASSETS (Tables)	6 Months Ended
	Jun. 30, 2024
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, 2024: (US$ MILLIONS) MEASUREMENT BASIS FVTPL FVOCI Amortized cost Total Financial assets Cash and cash equivalents $ — $ — $ 2,959 $ 2,959 Accounts and other receivable, net (current and non-current) — — 6,607 6,607 Financial assets (current and non-current) (1) 924 4,937 7,961 13,822 Total $ 924 $ 4,937 $ 17,527 $ 23,388 Financial liabilities Accounts payable and other (current and non-current) (1) (2) $ 243 $ 196 $ 10,623 $ 11,062 Borrowings (current and non-current) — — 42,122 42,122 Total $ 243 $ 196 $ 52,745 $ 53,184 ____________________________________ (1) FVOCI and FVTPL include derivative assets and liabilities designated in hedge accounting relationships. Refer to Hedging Activities in Note 4 (a) below. (2) 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 $7,154 million. The following table provides the details of financial instruments and their associated financial instrument classifications as at December 31, 2023: (US$ MILLIONS) MEASUREMENT BASIS FVTPL FVOCI Amortized cost Total Financial assets Cash and cash equivalents $ — $ — $ 3,252 $ 3,252 Accounts and other receivable, net (current and non-current) — — 6,563 6,563 Financial assets (current and non-current) (1) 964 4,841 7,371 13,176 Total $ 964 $ 4,841 $ 17,186 $ 22,991 Financial liabilities Accounts payable and other (1)(2) $ 460 $ 331 $ 11,054 $ 11,845 Borrowings (current and non-current) — — 42,249 42,249 Total $ 460 $ 331 $ 53,303 $ 54,094 ____________________________________ (1) FVOCI and FVTPL include of derivative assets and liabilities designated in hedge accounting relationships. Refer to Hedging Activities in Note 4(a) below. (2) Includes derivative liabilities and excludes liabilities associated with assets held for sale, provisions, decommissioning liabilities, deferred revenues, insurance contract liabilities, work in progress, post-employment benefits and other liabilities of $6,533 million. (US$ MILLIONS) June 30, 2024 December 31, 2023 Current Marketable securities $ 154 $ 498 Restricted cash 183 189 Derivative assets 122 120 Loans and notes receivable 302 243 Other financial assets (1) 132 89 Total current $ 893 $ 1,139 Non-current Marketable securities $ 2,924 $ 2,748 Restricted cash 66 54 Derivative assets 408 290 Loans and notes receivable (2) 7,199 6,702 Other financial assets (1) 2,332 2,243 Total non-current $ 12,929 $ 12,037 ____________________________________ (1) Other financial assets primarily consist of asset-backed securities and high yield bonds at the partnership’s residential mortgage insurer and convertible preferred shares held in the partnership’s audience measurement operation. (2) Loans and notes receivable includes $6,216 million (December 31, 2023: $5,844 million) of mortgage receivables related to the partnership’s Australian asset manager and lender. (US$ MILLIONS) June 30, 2024 December 31, 2023 Current, net $ 5,709 $ 5,558 Non-current, net Accounts receivable 153 202 Retainer on customer contract 77 70 Billing rights 668 733 Total non-current, net $ 898 $ 1,005 Total $ 6,607 $ 6,563

ACCOUNTS AND OTHER RECEIVABLE_2

ACCOUNTS AND OTHER RECEIVABLE, NET (Tables)	6 Months Ended
	Jun. 30, 2024
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, 2024: (US$ MILLIONS) MEASUREMENT BASIS FVTPL FVOCI Amortized cost Total Financial assets Cash and cash equivalents $ — $ — $ 2,959 $ 2,959 Accounts and other receivable, net (current and non-current) — — 6,607 6,607 Financial assets (current and non-current) (1) 924 4,937 7,961 13,822 Total $ 924 $ 4,937 $ 17,527 $ 23,388 Financial liabilities Accounts payable and other (current and non-current) (1) (2) $ 243 $ 196 $ 10,623 $ 11,062 Borrowings (current and non-current) — — 42,122 42,122 Total $ 243 $ 196 $ 52,745 $ 53,184 ____________________________________ (1) FVOCI and FVTPL include derivative assets and liabilities designated in hedge accounting relationships. Refer to Hedging Activities in Note 4 (a) below. (2) 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 $7,154 million. The following table provides the details of financial instruments and their associated financial instrument classifications as at December 31, 2023: (US$ MILLIONS) MEASUREMENT BASIS FVTPL FVOCI Amortized cost Total Financial assets Cash and cash equivalents $ — $ — $ 3,252 $ 3,252 Accounts and other receivable, net (current and non-current) — — 6,563 6,563 Financial assets (current and non-current) (1) 964 4,841 7,371 13,176 Total $ 964 $ 4,841 $ 17,186 $ 22,991 Financial liabilities Accounts payable and other (1)(2) $ 460 $ 331 $ 11,054 $ 11,845 Borrowings (current and non-current) — — 42,249 42,249 Total $ 460 $ 331 $ 53,303 $ 54,094 ____________________________________ (1) FVOCI and FVTPL include of derivative assets and liabilities designated in hedge accounting relationships. Refer to Hedging Activities in Note 4(a) below. (2) Includes derivative liabilities and excludes liabilities associated with assets held for sale, provisions, decommissioning liabilities, deferred revenues, insurance contract liabilities, work in progress, post-employment benefits and other liabilities of $6,533 million. (US$ MILLIONS) June 30, 2024 December 31, 2023 Current Marketable securities $ 154 $ 498 Restricted cash 183 189 Derivative assets 122 120 Loans and notes receivable 302 243 Other financial assets (1) 132 89 Total current $ 893 $ 1,139 Non-current Marketable securities $ 2,924 $ 2,748 Restricted cash 66 54 Derivative assets 408 290 Loans and notes receivable (2) 7,199 6,702 Other financial assets (1) 2,332 2,243 Total non-current $ 12,929 $ 12,037 ____________________________________ (1) Other financial assets primarily consist of asset-backed securities and high yield bonds at the partnership’s residential mortgage insurer and convertible preferred shares held in the partnership’s audience measurement operation. (2) Loans and notes receivable includes $6,216 million (December 31, 2023: $5,844 million) of mortgage receivables related to the partnership’s Australian asset manager and lender. (US$ MILLIONS) June 30, 2024 December 31, 2023 Current, net $ 5,709 $ 5,558 Non-current, net Accounts receivable 153 202 Retainer on customer contract 77 70 Billing rights 668 733 Total non-current, net $ 898 $ 1,005 Total $ 6,607 $ 6,563

INVENTORY, NET (Tables)

INVENTORY, NET (Tables)	6 Months Ended
	Jun. 30, 2024
Inventories [Abstract]
Disclosure of current inventories	(US$ MILLIONS) June 30, 2024 December 31, 2023 Raw materials and consumables $ 964 $ 1,066 Fuel products (1) 596 596 Work in progress 607 564 RTFO certificates 391 367 Finished goods and other (2) 1,336 1,072 Carrying amount of inventories $ 3,894 $ 3,665 ____________________________________ (1) Fuel products that are traded in active markets are purchased with a view to resell in the near future. As a result, inventories of fuel products are recorded at fair value based on quoted market prices. (2) Finished goods and other primarily comprises finished goods inventory at our advanced energy storage operation and our engineered components manufacturing operation.

OTHER ASSETS (Tables)

OTHER ASSETS (Tables)	6 Months Ended
	Jun. 30, 2024
Subclassifications of assets, liabilities and equities [abstract]
Disclosure of Other Assets	(US$ MILLIONS) June 30, 2024 December 31, 2023 Current Work in progress (1) $ 193 $ 200 Prepayments and other assets 1,055 956 Assets held for sale 112 115 Total current $ 1,360 $ 1,271 Non-current Prepayments and other assets $ 373 $ 385 Total non-current $ 373 $ 385 ____________________________________ (1) See Note 15 for additional information.

PROPERTY, PLANT AND EQUIPMENT (

PROPERTY, PLANT AND EQUIPMENT (Tables)	6 Months Ended
	Jun. 30, 2024
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, 2024 and the twelve-month period ended December 31, 2023: (US$ MILLIONS) June 30, 2024 December 31, 2023 Gross carrying amount Balance at beginning of period $ 22,392 $ 21,980 Additions (cash and non-cash) 1,603 3,433 Dispositions (978) (3,589) Acquisitions through business combinations (1) 7 236 Foreign currency translation and other (601) 332 Balance at end of period $ 22,423 $ 22,392 Accumulated depreciation and impairment Balance at beginning of period $ (6,668) $ (6,087) Depreciation/depletion/impairment expense (829) (2,049) Dispositions 397 1,568 Foreign currency translation and other 107 (100) Balance at end of period $ (6,993) $ (6,668) Net book value (2) $ 15,430 $ 15,724 ____________________________________ (1) See Note 3 for additional information. (2) Includes right-of-use assets of $1,193 million as at June 30, 2024 (December 31, 2023: $1,296 million) .

INTANGIBLE ASSETS (Tables)

INTANGIBLE ASSETS (Tables)	6 Months Ended
	Jun. 30, 2024
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, 2024 and twelve-month period ended December 31, 2023: (US$ MILLIONS) June 30, 2024 December 31, 2023 Gross carrying amount Balance at beginning of period $ 25,242 $ 27,568 Additions 182 588 Acquisitions through business combinations 11 74 Dispositions (12) (3,485) Foreign currency translation (703) 497 Balance at end of period $ 24,720 $ 25,242 Accumulated amortization and impairment Balance at beginning of period $ (4,396) $ (3,615) Amortization and impairment expense (793) (1,730) Dispositions 8 1,038 Foreign currency translation 135 (89) Balance at end of period $ (5,046) $ (4,396) Net book value $ 19,674 $ 20,846 The following table presents the change in the balance of goodwill for the six-month period ended June 30, 2024 and the twelve-month period ended December 31, 2023: (US$ MILLIONS) June 30, 2024 December 31, 2023 Balance at beginning of period $ 14,129 $ 15,479 Acquisitions through business combinations (1) 46 189 Impairment — (605) Dispositions (5) (1,091) Foreign currency translation (260) 157 Balance at end of period $ 13,910 $ 14,129 ____________________________________ (1) See Note 3 for additional information.

GOODWILL (Tables)

GOODWILL (Tables)	6 Months Ended
	Jun. 30, 2024
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, 2024 and twelve-month period ended December 31, 2023: (US$ MILLIONS) June 30, 2024 December 31, 2023 Gross carrying amount Balance at beginning of period $ 25,242 $ 27,568 Additions 182 588 Acquisitions through business combinations 11 74 Dispositions (12) (3,485) Foreign currency translation (703) 497 Balance at end of period $ 24,720 $ 25,242 Accumulated amortization and impairment Balance at beginning of period $ (4,396) $ (3,615) Amortization and impairment expense (793) (1,730) Dispositions 8 1,038 Foreign currency translation 135 (89) Balance at end of period $ (5,046) $ (4,396) Net book value $ 19,674 $ 20,846 The following table presents the change in the balance of goodwill for the six-month period ended June 30, 2024 and the twelve-month period ended December 31, 2023: (US$ MILLIONS) June 30, 2024 December 31, 2023 Balance at beginning of period $ 14,129 $ 15,479 Acquisitions through business combinations (1) 46 189 Impairment — (605) Dispositions (5) (1,091) Foreign currency translation (260) 157 Balance at end of period $ 13,910 $ 14,129 ____________________________________ (1) See Note 3 for additional information.

EQUITY ACCOUNTED INVESTMENTS (T

EQUITY ACCOUNTED INVESTMENTS (Tables)	6 Months Ended
	Jun. 30, 2024
Interests In Other Entities [Abstract]
Disclosure of change in equity investments	The following table presents the change in the balance of equity accounted investments for the six-month period ended June 30, 2024 and twelve-month period ended December 31, 2023: (US$ MILLIONS) June 30, 2024 December 31, 2023 Balance at beginning of period $ 2,154 $ 2,065 Additions 53 464 Dispositions — (354) Share of net income (loss) 54 132 Share of other comprehensive income (loss) (8) 1 Distributions received (125) (172) Foreign currency translation (24) 18 Balance at end of period $ 2,104 $ 2,154

ACCOUNTS PAYABLE AND OTHER (Tab

ACCOUNTS PAYABLE AND OTHER (Tables)	6 Months Ended
	Jun. 30, 2024
Subclassifications of assets, liabilities and equities [abstract]
Disclosure of accounts payable and other	(US$ MILLIONS) June 30, 2024 December 31, 2023 Current Accounts payable $ 4,120 $ 4,234 Accrued and other liabilities (1) (2) 5,601 5,194 Lease liabilities 249 266 Financial liabilities (3) 278 278 Insurance liabilities 389 433 Work in progress (4) 514 481 Provisions and decommissioning liabilities 661 689 Liabilities associated with assets held for sale 8 23 Total current $ 11,820 $ 11,598 Non-current Accounts payable $ 92 $ 94 Accrued and other liabilities (2) 1,634 1,692 Lease liabilities 1,033 1,104 Financial liabilities (3) 1,701 1,894 Insurance liabilities 1,473 1,501 Work in progress (4) 27 20 Provisions and decommissioning liabilities 436 475 Total non-current $ 6,396 $ 6,780 ____________________________________ (1) Includes bank overdrafts of $476 million as at June 30, 2024 (December 31, 2023: $558 million). (2) Includes post-employment benefits of $248 million ($7 million current and $241 million non-current) as at June 30, 2024 and $250 million ($7 million current and $243 million non-current) as at December 31, 2023. (3) Includes financial liabilities of $1,341 million ($65 million current and $1,276 million non-current) as at June 30, 2024 and $1,345 million ($64 million current and $1,281 million non-current) as at December 31, 2023 related to a failed sale and leaseback of hospitals. (4) See Note 15 for additional information.

CONTRACTS IN PROGRESS (Tables)

CONTRACTS IN PROGRESS (Tables)	6 Months Ended
	Jun. 30, 2024
Construction Contracts [Abstract]
Disclosure of contracts in progress	(US$ MILLIONS) June 30, 2024 December 31, 2023 Contract costs incurred to date $ 12,189 $ 13,519 Profit recognized to date (less recognized losses) (46) 170 $ 12,143 $ 13,689 Less: progress billings (12,491) (13,990) Contract work in progress (liability) $ (348) $ (301) Comprising: Amounts due from customers – work in progress $ 193 $ 200 Amounts due to customers – creditors (541) (501) Net work in progress $ (348) $ (301)

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	6 Months Ended
	Jun. 30, 2024
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, 2024 and 2023: Three Months Ended Six Months Ended (US$ MILLIONS) 2024 2023 2024 2023 Transactions during the period Business services revenues (1) $ 74 $ 15 $ 110 $ 73 ____________________________________ (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, 2024 and December 31, 2023: (US$ MILLIONS) June 30, 2024 December 31, 2023 Balances at end of period Accounts and other receivable, net $ 447 $ 182 Accounts payable and other (1) 341 346 Non-recourse borrowings in subsidiaries of the partnership 150 146 Interest of others in operating subsidiaries 4 4 ____________________________________ (1)

DERIVATIVE FINANCIAL INSTRUME_2

DERIVATIVE FINANCIAL INSTRUMENTS (Tables)	6 Months Ended
	Jun. 30, 2024
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, 2024 and December 31, 2023 were as follows: June 30, 2024 December 31, 2023 (US$ MILLIONS) Financial Assets Financial Liabilities Financial Assets Financial Liabilities Foreign exchange contracts $ 90 $ (190) $ 75 $ (291) Cross currency swaps 52 (44) 12 (58) Interest rate derivatives 313 (83) 248 (123) Commodities contracts 75 (12) 75 (36) Total $ 530 $ (329) $ 410 $ (508) Total current $ 122 $ (134) $ 120 $ (139) Total non-current $ 408 $ (195) $ 290 $ (369)

EQUITY (Tables)

EQUITY (Tables)	6 Months Ended
	Jun. 30, 2024
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, 2024: UNITS GP Units LP Units Total Authorized and issued Opening balance 4 74,281,763 74,281,767 Conversion from BBUC exchangeable shares — 3 3 Issued as at June 30, 2024 4 74,281,766 74,281,770 UNITS Redemption-Exchange Units Authorized and issued Opening balance 69,705,497 Issued as at June 30, 2024 69,705,497 The table below provides a continuity of BBUC exchangeable shares outstanding for the six-month period ended June 30, 2024: SHARES BBUC exchangeable shares Balance as at January 1, 2024 72,954,450 Converted to LP Units (3) Issued as at June 30, 2024 72,954,447 UNITS Special limited partner units held by Brookfield Authorized and issued Opening balance 4 Issued as at June 30, 2024 4 ($US MILLIONS) Preferred securities held by Brookfield Authorized and issued Opening balance $ 740 Balance as at June 30, 2024 $ 740

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	6 Months Ended
	Jun. 30, 2024
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, 2024 and 2023: (US$ MILLIONS) Foreign currency FVOCI Other (1) Accumulated other comprehensive income (loss) Balance as at January 1, 2024 $ (189) $ 5 $ 54 $ (130) Other comprehensive income (loss) (74) 4 29 (41) Balance as at June 30, 2024 $ (263) $ 9 $ 83 $ (171) ____________________________________ (1) Represents net investment hedges, cash flow hedges and other reserves. (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 Balance as at June 30, 2023 $ (219) $ 5 $ 93 $ (121) ____________________________________ (1) Represents net investment hedges, cash flow hedges and other reserves.

DIRECT OPERATING COSTS (Tables)

DIRECT OPERATING COSTS (Tables)	6 Months Ended
	Jun. 30, 2024
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, 2024 and 2023. Three Months Ended Six Months Ended (US$ MILLIONS) 2024 2023 2024 2023 Inventory costs $ 7,283 $ 8,030 $ 14,769 $ 16,421 Subcontractor and consultant costs 861 765 1,533 1,465 Concession construction materials and labor costs 38 85 78 160 Depreciation and amortization expense 809 907 1,617 1,807 Compensation 985 1,591 1,961 3,109 Other direct costs 952 952 1,848 1,834 Total $ 10,928 $ 12,330 $ 21,806 $ 24,796

REVENUES (Tables)

REVENUES (Tables)	6 Months Ended
	Jun. 30, 2024
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, 2024: Three Months Ended June 30, 2024 (US$ MILLIONS) Business services Infrastructure services Industrials Total Revenues by type Revenues from contracts with customers $ 7,141 $ 592 $ 3,416 $ 11,149 Other revenues 444 350 3 797 Total revenues $ 7,585 $ 942 $ 3,419 $ 11,946 Six Months Ended June 30, 2024 (US$ MILLIONS) Business services Infrastructure services Industrials Total Revenues by type Revenues from contracts with customers $ 14,164 $ 1,138 $ 7,079 $ 22,381 Other revenues 883 690 7 1,580 Total revenues $ 15,047 $ 1,828 $ 7,086 $ 23,961 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 Three Months Ended June 30, 2024 Total attributable to Unitholders Attributable to non-controlling interests As per IFRS Financials (US$ MILLIONS) Business Infrastructure services Industrials Corporate Total (1) Revenues $ 2,353 $ 322 $ 964 $ — $ 3,639 $ 8,307 $ 11,946 Direct operating costs (2) (2,154) (189) (739) (3) (3,085) (7,034) (10,119) General and administrative expenses (35) (20) (27) (25) (107) (200) (307) Gain (loss) on acquisitions / dispositions, net (3) — — 81 — 81 3 84 Gain (loss) on acquisitions / dispositions, net recorded in equity (4) — — 22 — 22 — 22 Other income (expense), net (5) 2 — 3 — 5 8 13 Interest income (expense), net (72) (60) (86) (38) (256) (522) (778) Current income tax (expense) recovery (17) (3) (22) — (42) (80) (122) Preferred equity distributions — — — (13) (13) 13 — Equity accounted Adjusted EFO (6) 9 26 10 — 45 36 81 Adjusted EFO 86 76 206 (79) 289 Depreciation and amortization expense (2)(7) (251) (558) (809) Gain (loss) on acquisitions / dispositions, net recorded in equity (4) (22) — (22) Other income (expense), net (5) (89) (24) (113) Deferred income tax (expense) recovery 88 151 239 Non-cash items attributable to equity accounted investments (6) (35) (15) (50) Net income (loss) $ (20) $ 85 $ 65 (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 $10,928 million as per the unaudited interim condensed consolidated statements of operating results. (3) Gain (loss) on acquisitions/dispositions, net recorded in Adjusted EFO of $81 million represents the partnership’s economic ownership interest in gains from the disposition of the partnership’s Canadian aggregates production operation. (4) Gain (loss) on acquisitions/dispositions, net recorded in equity in Adjusted EFO of $22 million represents the partnership's economic ownership interest in gains related to the disposition of public securities. (5) The sum of these amounts equates to other income (expense), net of $(100) million as per the unaudited interim condensed consolidated statements of operating results. Other income (expense), net in Adjusted EFO of $5 million includes $2 million of realized net revaluation gains, and $3 million of other income. Other income (expense), net at the partnership’s economic ownership interest that is excluded from Adjusted EFO of $(89) million includes $82 million related to provisions recorded at the partnership’s construction operation, $13 million of net gains on debt modification and extinguishment, $13 million of business separation expenses, stand-up costs and restructuring charges, $8 million of unrealized net revaluation gains, $5 million of transaction costs and $10 million of other expenses. (6) The sum of these amounts equates to equity accounted income (loss) of $31 million as per the unaudited interim condensed consolidated statements of operating results. (7) For the three months ended June 30, 2024, depreciation and amortization expense by segment is as follows: business services $248 million, infrastructure services $222 million, industrials $339 million, and corporate and other $nil. Six Months Ended June 30, 2024 Total attributable to Unitholders Attributable to non-controlling interests As per IFRS Financials (US$ MILLIONS) Business Infrastructure services Industrials Corporate Total (1) Revenues $ 4,536 $ 629 $ 1,998 $ — $ 7,163 $ 16,798 $ 23,961 Direct operating costs (2) (4,111) (373) (1,532) (7) (6,023) (14,166) (20,189) General and administrative expenses (73) (39) (56) (53) (221) (403) (624) Gain (loss) on acquisitions / dispositions, net (3) 15 — 81 — 96 3 99 Gain (loss) on acquisitions / dispositions, net in equity (4) — — 69 — 69 13 82 Other income (expense), net (5) 51 12 4 — 67 6 73 Interest income (expense), net (143) (123) (176) (75) (517) (1,057) (1,574) Current income tax (expense) recovery (38) (4) (23) (7) (72) (140) (212) Preferred equity distributions — — — (26) (26) 26 — Equity accounted Adjusted EFO (6) 17 46 21 — 84 71 155 Adjusted EFO 254 148 386 (168) 620 Depreciation and amortization expense (2)(7) (504) (1,113) (1,617) Impairment reversal (expense), net 5 5 10 Gain (loss) on acquisitions / dispositions, net in equity (4) (69) (13) (82) Other income (expense), net (5) (84) 27 (57) Deferred income tax (expense) recovery 131 213 344 Non-cash items attributable to equity accounted investments (6) (71) (30) (101) Net income (loss) $ 28 $ 240 $ 268 (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 $21,806 million as per the unaudited interim condensed consolidated statements of operating results. (3) Gain (loss) on acquisitions/dispositions, net recorded in Adjusted EFO of $96 million represents the partnership’s economic ownership interest in gains of $81 million from the disposition of the partnership’s Canadian aggregates production operation and $15 million from the disposition of the partnership’s real estate services operation. (4) Gain (loss) on acquisitions/dispositions, net recorded in equity in Adjusted EFO of $69 million represents the partnership’s economic interest in gains primarily related to the disposition of public securities. (5) The sum of these amounts equates to other income (expense), net of $16 million as per the unaudited interim condensed consolidated statements of operating results. Other income (expense), net in Adjusted EFO of $67 million includes $50 million of other income related to a distribution at the partnership’s entertainment operation, $15 million of realized net revaluation gains, and $2 million of other income. Other income (expense), net at the partnership’s economic ownership interest that is excluded from Adjusted EFO of $(84) million includes $82 million related to provisions recorded at the partnership’s construction operation, $46 million of unrealized net revaluation gains, $18 million of transaction costs, $18 million of business separation expenses, stand-up costs and restructuring charges, $8 million of net gains on debt modification and extinguishment, and $20 million of other expenses. (6) The sum of these amounts equates to equity accounted income (loss), net of $54 million as per the unaudited interim condensed consolidated statements of operating results. (7) For the six months ended June 30, 2024, depreciation and amortization expense by segment is as follows: business services $502 million, infrastructure services $434 million, industrials $681 million, and corporate and other $nil. Three Months Ended June 30, 2023 Total attributable to Unitholders Attributable to non-controlling interests As per IFRS Financials (US$ 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 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) 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 recorded 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) Preferred equity distributions — — — (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 recorded 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 operation, $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 in 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 expenses. (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 $nil. The following table presents the partnership’s assets by reportable operating segment as at June 30, 2024 and December 31, 2023: (US$ MILLIONS) As at As at Business services $ 37,910 $ 38,066 Infrastructure services 17,255 17,180 Industrials 26,072 26,822 Corporate and other 284 317 Total $ 81,521 $ 82,385
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, 2024: Three Months Ended June 30, 2024 (US$ MILLIONS) Business services Infrastructure services Industrials Total Timing of revenue recognition Goods and services provided at a point in time $ 5,713 $ 221 $ 3,361 $ 9,295 Services transferred over a period of time 1,428 371 55 1,854 Total revenues from contracts with customers $ 7,141 $ 592 $ 3,416 $ 11,149 Six Months Ended June 30, 2024 (US$ MILLIONS) Business services Infrastructure services Industrials Total Timing of revenue recognition Goods and services provided at a point in time $ 11,390 $ 377 $ 6,968 $ 18,735 Services transferred over a period of time 2,774 761 111 3,646 Total revenues from contracts with customers $ 14,164 $ 1,138 $ 7,079 $ 22,381 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
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, 2024: Three Months Ended June 30, 2024 (US$ MILLIONS) Business services Infrastructure services Industrials Total United Kingdom $ 4,403 $ 72 $ 70 $ 4,545 United States of America 300 233 1,367 1,900 Europe 452 181 827 1,460 Australia 1,182 40 35 1,257 Canada 309 18 128 455 Brazil 247 22 327 596 Mexico — — 322 322 Other 248 26 340 614 Total revenues from contracts with customers $ 7,141 $ 592 $ 3,416 $ 11,149 Other revenues 444 350 3 797 Total revenues $ 7,585 $ 942 $ 3,419 $ 11,946 Six Months Ended June 30, 2024 (US$ MILLIONS) Business services Infrastructure services Industrials Total United Kingdom $ 8,729 $ 145 $ 154 $ 9,028 United States of America 753 423 2,835 4,011 Europe 938 362 1,756 3,056 Australia 2,164 80 66 2,310 Canada 582 43 244 869 Brazil 483 40 675 1,198 Mexico — — 641 641 Other 515 45 708 1,268 Total revenues from contracts with customers $ 14,164 $ 1,138 $ 7,079 $ 22,381 Other revenues 883 690 7 1,580 Total revenues $ 15,047 $ 1,828 $ 7,086 $ 23,961 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

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	6 Months Ended
	Jun. 30, 2024
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, 2024: Three Months Ended June 30, 2024 (US$ MILLIONS) Business services Infrastructure services Industrials Total Revenues by type Revenues from contracts with customers $ 7,141 $ 592 $ 3,416 $ 11,149 Other revenues 444 350 3 797 Total revenues $ 7,585 $ 942 $ 3,419 $ 11,946 Six Months Ended June 30, 2024 (US$ MILLIONS) Business services Infrastructure services Industrials Total Revenues by type Revenues from contracts with customers $ 14,164 $ 1,138 $ 7,079 $ 22,381 Other revenues 883 690 7 1,580 Total revenues $ 15,047 $ 1,828 $ 7,086 $ 23,961 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 Three Months Ended June 30, 2024 Total attributable to Unitholders Attributable to non-controlling interests As per IFRS Financials (US$ MILLIONS) Business Infrastructure services Industrials Corporate Total (1) Revenues $ 2,353 $ 322 $ 964 $ — $ 3,639 $ 8,307 $ 11,946 Direct operating costs (2) (2,154) (189) (739) (3) (3,085) (7,034) (10,119) General and administrative expenses (35) (20) (27) (25) (107) (200) (307) Gain (loss) on acquisitions / dispositions, net (3) — — 81 — 81 3 84 Gain (loss) on acquisitions / dispositions, net recorded in equity (4) — — 22 — 22 — 22 Other income (expense), net (5) 2 — 3 — 5 8 13 Interest income (expense), net (72) (60) (86) (38) (256) (522) (778) Current income tax (expense) recovery (17) (3) (22) — (42) (80) (122) Preferred equity distributions — — — (13) (13) 13 — Equity accounted Adjusted EFO (6) 9 26 10 — 45 36 81 Adjusted EFO 86 76 206 (79) 289 Depreciation and amortization expense (2)(7) (251) (558) (809) Gain (loss) on acquisitions / dispositions, net recorded in equity (4) (22) — (22) Other income (expense), net (5) (89) (24) (113) Deferred income tax (expense) recovery 88 151 239 Non-cash items attributable to equity accounted investments (6) (35) (15) (50) Net income (loss) $ (20) $ 85 $ 65 (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 $10,928 million as per the unaudited interim condensed consolidated statements of operating results. (3) Gain (loss) on acquisitions/dispositions, net recorded in Adjusted EFO of $81 million represents the partnership’s economic ownership interest in gains from the disposition of the partnership’s Canadian aggregates production operation. (4) Gain (loss) on acquisitions/dispositions, net recorded in equity in Adjusted EFO of $22 million represents the partnership's economic ownership interest in gains related to the disposition of public securities. (5) The sum of these amounts equates to other income (expense), net of $(100) million as per the unaudited interim condensed consolidated statements of operating results. Other income (expense), net in Adjusted EFO of $5 million includes $2 million of realized net revaluation gains, and $3 million of other income. Other income (expense), net at the partnership’s economic ownership interest that is excluded from Adjusted EFO of $(89) million includes $82 million related to provisions recorded at the partnership’s construction operation, $13 million of net gains on debt modification and extinguishment, $13 million of business separation expenses, stand-up costs and restructuring charges, $8 million of unrealized net revaluation gains, $5 million of transaction costs and $10 million of other expenses. (6) The sum of these amounts equates to equity accounted income (loss) of $31 million as per the unaudited interim condensed consolidated statements of operating results. (7) For the three months ended June 30, 2024, depreciation and amortization expense by segment is as follows: business services $248 million, infrastructure services $222 million, industrials $339 million, and corporate and other $nil. Six Months Ended June 30, 2024 Total attributable to Unitholders Attributable to non-controlling interests As per IFRS Financials (US$ MILLIONS) Business Infrastructure services Industrials Corporate Total (1) Revenues $ 4,536 $ 629 $ 1,998 $ — $ 7,163 $ 16,798 $ 23,961 Direct operating costs (2) (4,111) (373) (1,532) (7) (6,023) (14,166) (20,189) General and administrative expenses (73) (39) (56) (53) (221) (403) (624) Gain (loss) on acquisitions / dispositions, net (3) 15 — 81 — 96 3 99 Gain (loss) on acquisitions / dispositions, net in equity (4) — — 69 — 69 13 82 Other income (expense), net (5) 51 12 4 — 67 6 73 Interest income (expense), net (143) (123) (176) (75) (517) (1,057) (1,574) Current income tax (expense) recovery (38) (4) (23) (7) (72) (140) (212) Preferred equity distributions — — — (26) (26) 26 — Equity accounted Adjusted EFO (6) 17 46 21 — 84 71 155 Adjusted EFO 254 148 386 (168) 620 Depreciation and amortization expense (2)(7) (504) (1,113) (1,617) Impairment reversal (expense), net 5 5 10 Gain (loss) on acquisitions / dispositions, net in equity (4) (69) (13) (82) Other income (expense), net (5) (84) 27 (57) Deferred income tax (expense) recovery 131 213 344 Non-cash items attributable to equity accounted investments (6) (71) (30) (101) Net income (loss) $ 28 $ 240 $ 268 (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 $21,806 million as per the unaudited interim condensed consolidated statements of operating results. (3) Gain (loss) on acquisitions/dispositions, net recorded in Adjusted EFO of $96 million represents the partnership’s economic ownership interest in gains of $81 million from the disposition of the partnership’s Canadian aggregates production operation and $15 million from the disposition of the partnership’s real estate services operation. (4) Gain (loss) on acquisitions/dispositions, net recorded in equity in Adjusted EFO of $69 million represents the partnership’s economic interest in gains primarily related to the disposition of public securities. (5) The sum of these amounts equates to other income (expense), net of $16 million as per the unaudited interim condensed consolidated statements of operating results. Other income (expense), net in Adjusted EFO of $67 million includes $50 million of other income related to a distribution at the partnership’s entertainment operation, $15 million of realized net revaluation gains, and $2 million of other income. Other income (expense), net at the partnership’s economic ownership interest that is excluded from Adjusted EFO of $(84) million includes $82 million related to provisions recorded at the partnership’s construction operation, $46 million of unrealized net revaluation gains, $18 million of transaction costs, $18 million of business separation expenses, stand-up costs and restructuring charges, $8 million of net gains on debt modification and extinguishment, and $20 million of other expenses. (6) The sum of these amounts equates to equity accounted income (loss), net of $54 million as per the unaudited interim condensed consolidated statements of operating results. (7) For the six months ended June 30, 2024, depreciation and amortization expense by segment is as follows: business services $502 million, infrastructure services $434 million, industrials $681 million, and corporate and other $nil. Three Months Ended June 30, 2023 Total attributable to Unitholders Attributable to non-controlling interests As per IFRS Financials (US$ 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 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) 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 recorded 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) Preferred equity distributions — — — (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 recorded 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 operation, $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 in 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 expenses. (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 $nil. The following table presents the partnership’s assets by reportable operating segment as at June 30, 2024 and December 31, 2023: (US$ MILLIONS) As at As at Business services $ 37,910 $ 38,066 Infrastructure services 17,255 17,180 Industrials 26,072 26,822 Corporate and other 284 317 Total $ 81,521 $ 82,385

SUPPLEMENTAL CASH FLOW INFORM_2

SUPPLEMENTAL CASH FLOW INFORMATION (Tables)	6 Months Ended
	Jun. 30, 2024
Cash Flow Statement [Abstract]
Disclosure of interest and income taxes paid	Six Months Ended (US$ MILLIONS) 2024 2023 Net interest paid (received) $ 1,526 $ 1,264 Net income taxes paid (received) 594 223
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) 2024 2023 Accounts receivable $ (988) $ (612) Inventory (316) 361 Prepayments and other (152) (655) Accounts payable and other 607 432 Changes in non-cash working capital, net $ (849) $ (474)

INSURANCE CONTRACTS (Tables)

INSURANCE CONTRACTS (Tables)	6 Months Ended
	Jun. 30, 2024
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, reported 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, 2024 $ 385 $ 479 $ 1,070 $ 1,934 Change during period: Changes that relate to current service: Contractual service margin recognized for services provided — — (193) (193) Change in risk adjustment recognized for the risk expired — (34) — (34) Changes that relate to future service: Contracts initially recognized in the period (165) 59 106 — Changes in estimates that adjust the contractual service margin (1) (29) 30 — Changes that relate to past services: Adjustments to liabilities for incurred claims (10) — — (10) Insurance finance income/(expenses) 8 10 15 33 Foreign currency translation (11) (15) (33) (59) (179) (9) (75) (263) Cash flows: Premiums received 242 — — 242 Claims and other insurance service expenses paid (20) — — (20) Insurance acquisition cash flows (31) — — (31) Insurance liabilities, as at June 30, 2024 $ 397 $ 470 $ 995 $ 1,862 (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 Changes 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

ACQUISITION OF BUSINESSES (Deta

ACQUISITION OF BUSINESSES (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	$ 176
Customer-related intangible assets recognised as of acquisition date	58
Property, plant and equipment recognised as of acquisition date	236
Liabilities incurred	51
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

FAIR VALUE OF FINANCIAL INSTR_3

FAIR VALUE OF FINANCIAL INSTRUMENTS - Financial Instruments Classification (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Disclosure of financial assets [line items]
Financial assets	$ 23,388	$ 22,991
Disclosure of financial liabilities [line items]
Financial liabilities	53,184	54,094
FVTPL
Disclosure of financial liabilities [line items]
Financial liabilities	243	460
FVOCI
Disclosure of financial liabilities [line items]
Financial liabilities	196	331
Amortized cost
Disclosure of financial liabilities [line items]
Financial liabilities	52,745	53,303
FVTPL
Disclosure of financial assets [line items]
Financial assets	924	964
FVOCI
Disclosure of financial assets [line items]
Financial assets	4,937	4,841
Amortized cost
Disclosure of financial assets [line items]
Financial assets	17,527	17,186
Accounts payable and other (current and non-current)
Disclosure of financial liabilities [line items]
Financial liabilities	11,062	11,845
Accounts payable and other (current and non-current) | FVTPL
Disclosure of financial liabilities [line items]
Financial liabilities	243	460
Accounts payable and other (current and non-current) | FVOCI
Disclosure of financial liabilities [line items]
Financial liabilities	196	331
Accounts payable and other (current and non-current) | Amortized cost
Disclosure of financial liabilities [line items]
Financial liabilities	10,623	11,054
Borrowings (current and non-current)
Disclosure of financial liabilities [line items]
Financial liabilities	42,122	42,249
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	42,122	42,249
Provisions, decommissioning liabilities, deferred revenues, unearned premium reserve, work in progress, post-employment benefits, liabilities held for sale and tax/duties
Disclosure of financial liabilities [line items]
Financial liabilities	7,154	6,533
Cash and cash equivalents
Disclosure of financial assets [line items]
Financial assets	2,959	3,252
Cash and cash equivalents | FVTPL
Disclosure of financial assets [line items]
Financial assets	0	0
Cash and cash equivalents | FVOCI
Disclosure of financial assets [line items]
Financial assets	0	0
Cash and cash equivalents | Amortized cost
Disclosure of financial assets [line items]
Financial assets	2,959	3,252
Accounts and other receivable, net (current and non-current)
Disclosure of financial assets [line items]
Financial assets	6,607	6,563
Accounts and other receivable, net (current and non-current) | FVTPL
Disclosure of financial assets [line items]
Financial assets	0	0
Accounts and other receivable, net (current and non-current) | FVOCI
Disclosure of financial assets [line items]
Financial assets	0	0
Accounts and other receivable, net (current and non-current) | Amortized cost
Disclosure of financial assets [line items]
Financial assets	6,607	6,563
Financial assets (current and non-current)
Disclosure of financial assets [line items]
Financial assets	13,822	13,176
Financial assets (current and non-current) | FVTPL
Disclosure of financial assets [line items]
Financial assets	924	964
Financial assets (current and non-current) | FVOCI
Disclosure of financial assets [line items]
Financial assets	4,937	4,841
Financial assets (current and non-current) | Amortized cost
Disclosure of financial assets [line items]
Financial assets	$ 7,961	$ 7,371

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, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023	Dec. 31, 2022
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]
Cash	$ 2,060		$ 2,060		$ 2,062
Cash equivalents	899		899		1,190
Financial assets	23,388		23,388		22,991
Derivative financial assets	530		530		410
Derivative financial liabilities	(329)		(329)		(508)
Financial liabilities	53,184		53,184		54,094
Hedges of net investment in foreign operations
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]
Derivative financial assets	74		74		4
Derivative financial liabilities	160		160		259
Cash flow hedges
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]
Derivative financial assets	319		319		205
Derivative financial liabilities	33		33		72
Fair value hedges
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]
Derivative financial assets	28		28		10
Derivative financial liabilities	16		16		31
Level 3 | Recurring fair value measurement
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]
Financial assets	877		877		828	$ 692
Financial liabilities	110		110		284	$ 589
FVOCI
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]
Financial assets	4,937		4,937		4,841
FVOCI | Hedges of net investment in foreign operations
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]
Gains (losses) on hedges of net investments in foreign operations, before tax	110	$ (81)	145	$ (154)
FVOCI | Cash flow hedges
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]
Gains (losses) on hedges of net investments in foreign operations, before tax	101	$ 160	241	$ 102
Equity investments | FVOCI
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]
Financial assets	494		494		527
Other financial assets, debt instruments at FVTPL | FVOCI
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]
Financial assets	$ 4,050		$ 4,050		$ 4,105

FAIR VALUE OF FINANCIAL INSTR_5

FAIR VALUE OF FINANCIAL INSTRUMENTS - Fair Value Hierarchy Levels (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023	Dec. 31, 2022
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]
Financial liabilities	$ 53,184	$ 54,094
Recurring fair value measurement | Level 1
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]
Financial assets	591	547
Financial liabilities	6	7
Recurring fair value measurement | Level 2
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]
Financial assets	4,393	4,430
Financial liabilities	323	500
Recurring fair value measurement | Level 3
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]
Financial assets	877	828	$ 692
Financial liabilities	110	284	$ 589
Recurring fair value measurement | Derivatives assets/liabilities | Level 1
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]
Financial liabilities	6	7
Recurring fair value measurement | Derivatives assets/liabilities | Level 2
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]
Financial liabilities	323	500
Recurring fair value measurement | Derivatives assets/liabilities | Level 3
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]
Financial liabilities	0	1
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	110	283
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	75	258
Recurring fair value measurement | Common shares | Level 1
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]
Financial assets	67	117
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	80	25
Recurring fair value measurement | Corporate and government bonds | Level 2
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]
Financial assets	3,136	3,307
Recurring fair value measurement | Corporate and government bonds | Level 3
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]
Financial assets	138	85
Recurring fair value measurement | Derivatives assets/liabilities | Level 1
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]
Financial assets	4	6
Recurring fair value measurement | Derivatives assets/liabilities | Level 2
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]
Financial assets	526	404
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	440	399
Recurring fair value measurement | Other financial assets | Level 2
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]
Financial assets	731	719
Recurring fair value measurement | Other financial assets | Level 3
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]
Financial assets	$ 739	$ 743

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, 2024	Dec. 31, 2023
Reconciliation of changes in fair value measurement, assets [abstract]
Financial assets at beginning of period	$ 828	$ 692
Fair value change recorded in net income	(1)	57
Fair value change recorded in other comprehensive income	11	(6)
Additions	64	150
Dispositions	(23)	(70)
Foreign currency translation and other	(2)	5
Financial assets at end of period	$ 877	$ 828

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, 2024	Dec. 31, 2023
Reconciliation of changes in fair value measurement, liabilities [abstract]
Financial liabilities at beginning of period	$ 54,094
Financial liabilities at end of period	53,184	$ 54,094
Recurring fair value measurement | Level 3
Reconciliation of changes in fair value measurement, liabilities [abstract]
Financial liabilities at beginning of period	284	589
Fair value change recorded in net income	(153)	(62)
Fair value change recorded in other comprehensive income	2	(21)
Additions	8	25
Dispositions/settlements	(29)	(262)
Foreign currency translation and other	(2)	15
Financial liabilities at end of period	$ 110	$ 284

FINANCIAL ASSETS - Disclosure o

FINANCIAL ASSETS - Disclosure of Financial Assets (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Current
Marketable securities	$ 154	$ 498
Restricted cash	183	189
Derivative assets	122	120
Loans and notes receivable	302	243
Other financial assets	132	89
Total current	893	1,139
Non-current
Marketable securities	2,924	2,748
Restricted cash	66	54
Derivative assets	408	290
Loans and notes receivables	7,199	6,702
Other financial assets	2,332	2,243
Total non-current	12,929	12,037
Loans and notes receivable	$ 6,216	$ 5,844

ACCOUNTS AND OTHER RECEIVABLE_3

ACCOUNTS AND OTHER RECEIVABLE, NET - Current and Non-current Balances (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Subclassifications of assets, liabilities and equities [abstract]
Current, net	$ 5,709	$ 5,558
Non-current, net
Accounts receivable	153	202
Retainer on customer contract	77	70
Billing rights	668	733
Total non-current, net	898	1,005
Total	$ 6,607	$ 6,563

ACCOUNTS AND OTHER RECEIVABLE_4

ACCOUNTS AND OTHER RECEIVABLE, NET - Narrative (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Disclosure of financial assets [line items]
Retention balance, current	$ 193	$ 200
Construction services
Disclosure of financial assets [line items]
Retention balance, current	$ 53	$ 120

INVENTORY, NET - Disclosure of

INVENTORY, NET - Disclosure of Current Inventories (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Inventories [Abstract]
Raw materials and consumables	$ 964	$ 1,066
Fuel products	596	596
Work in progress	607	564
RTFO certificates	391	367
Finished goods and other	1,336	1,072
Carrying amount of inventories	$ 3,894	$ 3,665

DISPOSITIONS (Details)

DISPOSITIONS (Details) - USD ($) $ in Millions					1 Months Ended	3 Months Ended		6 Months Ended
	Jun. 11, 2024	Mar. 31, 2024	May 01, 2023	Mar. 31, 2023	Feb. 28, 2023	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Disclosure of analysis of single amount of discontinued operations [line items]
Gain (loss) on acquisitions/dispositions, net						$ 84	$ 87	$ 99	$ 168
Real Estate Service Operations
Disclosure of analysis of single amount of discontinued operations [line items]
Gain (loss) on acquisitions/dispositions, net		$ 15		$ 67
Real Estate Service Operations | Minimum
Disclosure of analysis of single amount of discontinued operations [line items]
Proportion of ownership interest in subsidiary		28%
Real Estate Service Operations | Maximum
Disclosure of analysis of single amount of discontinued operations [line items]
Proportion of ownership interest in subsidiary		42%
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
Infrastructure services
Disclosure of analysis of single amount of discontinued operations [line items]
Gain (loss) on acquisitions/dispositions, net					$ 14
Proceeds from sale of subsidiary					$ 275
Industrials
Disclosure of analysis of single amount of discontinued operations [line items]
Consideration paid (received)	$ 140
Gain (loss) on acquisitions/dispositions, net	$ 84

OTHER ASSETS (Details)

OTHER ASSETS (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Current
Work in progress	$ 193	$ 200
Prepayments and other assets	1,055	956
Assets held for sale	112	115
Total current	1,360	1,271
Non-current
Prepayments and other assets	373	385
Total non-current	$ 373	$ 385

PROPERTY, PLANT AND EQUIPMENT_2

PROPERTY, PLANT AND EQUIPMENT (Details) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Reconciliation of changes in property, plant and equipment [abstract]
Balance at beginning of period	$ 15,724
Balance at end of period	15,430	$ 15,724
Right-of-use assets	1,193	1,296
Gross carrying amount
Reconciliation of changes in property, plant and equipment [abstract]
Balance at beginning of period	22,392	21,980
Additions (cash and non-cash)	1,603	3,433
Dispositions	(978)	(3,589)
Acquisitions through business combinations	7	236
Foreign currency translation and other	(601)	332
Balance at end of period	22,423	22,392
Accumulated depreciation and impairment
Reconciliation of changes in property, plant and equipment [abstract]
Balance at beginning of period	(6,668)	(6,087)
Depreciation/depletion/impairment expense	(829)	(2,049)
Dispositions	397	1,568
Foreign currency translation and other	107	(100)
Balance at end of period	$ (6,993)	$ (6,668)

INTANGIBLE ASSETS (Details)

INTANGIBLE ASSETS (Details) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Reconciliation of changes in intangible assets other than goodwill [abstract]
Balance at beginning of period	$ 20,846
Balance at end of period	19,674	$ 20,846
Gross carrying amount
Reconciliation of changes in intangible assets other than goodwill [abstract]
Balance at beginning of period	25,242	27,568
Additions	182	588
Acquisitions through business combinations	11	74
Dispositions	(12)	(3,485)
Foreign currency translation	(703)	497
Balance at end of period	24,720	25,242
Accumulated amortization and impairment
Reconciliation of changes in intangible assets other than goodwill [abstract]
Balance at beginning of period	(4,396)	(3,615)
Amortization and impairment expense	(793)	(1,730)
Dispositions	8	1,038
Foreign currency translation	135	(89)
Balance at end of period	$ (5,046)	$ (4,396)

GOODWILL (Details)

GOODWILL (Details) - Goodwill - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Reconciliation of changes in intangible assets and goodwill [abstract]
Balance at beginning of period	$ 14,129	$ 15,479
Acquisitions through business combinations	46	189
Impairment	0	(605)
Dispositions	(5)	(1,091)
Foreign currency translation	(260)	157
Balance at end of period	$ 13,910	$ 14,129

EQUITY ACCOUNTED INVESTMENTS (D

EQUITY ACCOUNTED INVESTMENTS (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Investments accounted for using equity method [Roll Forward]
Balance at beginning of period			$ 2,154	$ 2,065	$ 2,065
Additions			53		464
Dispositions			0		(354)
Share of net income (loss)	$ 31	$ 28	54	$ 53	132
Share of other comprehensive income (loss)			(8)		1
Distributions received			(125)		(172)
Foreign currency translation			(24)		18
Balance at end of period	$ 2,104		$ 2,104		$ 2,154

ACCOUNTS PAYABLE AND OTHER (Det

ACCOUNTS PAYABLE AND OTHER (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Current
Accounts payable	$ 4,120	$ 4,234
Accrued and other liabilities	5,601	5,194
Lease liabilities	249	266
Financial liabilities	278	278
Insurance liabilities	389	433
Work in progress	514	481
Provisions and decommissioning liabilities	661	689
Liabilities associated with assets held for sale	8	23
Total current	11,820	11,598
Non-current
Accounts payable	92	94
Accrued and other liabilities	1,634	1,692
Lease liabilities	1,033	1,104
Financial liabilities	1,701	1,894
Insurance liabilities	1,473	1,501
Work in progress	27	20
Provisions and decommissioning liabilities	436	475
Total non-current	6,396	6,780
Bank overdrafts	476	558
Net defined benefit liability	248	250
Current net defined benefit liability	7	7
Non-current net defined benefit liability	241	243
Financial liabilities, sale-leaseback transaction	1,341	1,345
Current financial liabilities, sale-leaseback transaction	65	64
Non-current financial liabilities, sale-leaseback transaction	$ 1,276	$ 1,281

CONTRACTS IN PROGRESS (Details)

CONTRACTS IN PROGRESS (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Construction Contracts [Abstract]
Contract costs incurred to date	$ 12,189	$ 13,519
Profit recognized to date (less recognized losses)	(46)	170
Contract costs incurred and profit recognized (less recognized losses)	12,143	13,689
Less: progress billings	(12,491)	(13,990)
Contract work in progress (liability)	(348)	(301)
Comprising:
Amounts due from customers – work in progress	193	200
Amounts due to customers – creditors	(541)	(501)
Contract work in progress (liability)	$ (348)	$ (301)

BORROWINGS (Details)

BORROWINGS (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Disclosure of detailed information about borrowings [line items]
Corporate borrowings	$ 1,882,000,000	$ 1,440,000,000
Current borrowings and current portion of non-current borrowings	2,965,000,000	2,757,000,000
Non-current portion of non-current borrowings	37,275,000,000	38,052,000,000
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	$ 2,350,000,000
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
Brookfield credit agreements | At April 27, 2025
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, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Disclosure of transactions between related parties [line items]
Interest income (expense), net	$ (778,000,000)	$ (932,000,000)	$ (1,574,000,000)	$ (1,797,000,000)
Dividends recognised as distributions to owners	0	0	0	0
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	$ 0	0
Base management fee, quarterly percentage			0.3125%
Base management fee, annual percentage			1.25%
Base management fee expense	$ 21,000,000	$ 23,000,000	$ 44,000,000	$ 46,000,000

RELATED PARTY TRANSACTIONS - Ot

RELATED PARTY TRANSACTIONS - Other Related Party Transactions (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Disclosure of transactions between related parties [line items]
Interest of others in operating subsidiaries	$ 12,010		$ 12,010		$ 12,216
Other related parties
Disclosure of transactions between related parties [line items]
Business services revenues	74	$ 15	110	$ 73
Accounts and other receivable, net	447		447		182
Amounts payable and other	341		341		346
Non-recourse borrowings in subsidiaries of the partnership	150		150		146
Interest of others in operating subsidiaries	4		4		4
Tax receivable	$ 258		$ 258		$ 245

DERIVATIVE FINANCIAL INSTRUME_3

DERIVATIVE FINANCIAL INSTRUMENTS (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Disclosure of detailed information about hedging instruments [line items]
Financial Assets	$ 530	$ 410
Financial Liabilities	(329)	(508)
Current financial assets	122	120
Current financial liability	(134)	(139)
Non-current financial asset	408	290
Non-current financial liability	(195)	(369)
Foreign exchange contracts
Disclosure of detailed information about hedging instruments [line items]
Financial Liabilities	(190)	(291)
Cross currency swaps
Disclosure of detailed information about hedging instruments [line items]
Financial Liabilities	(44)	(58)
Interest rate derivatives
Disclosure of detailed information about hedging instruments [line items]
Financial Liabilities	(83)	(123)
Commodities contracts
Disclosure of detailed information about hedging instruments [line items]
Financial Liabilities	(12)	(36)
Foreign exchange contracts
Disclosure of detailed information about hedging instruments [line items]
Financial Assets	90	75
Cross currency swaps
Disclosure of detailed information about hedging instruments [line items]
Financial Assets	52	12
Interest rate derivatives
Disclosure of detailed information about hedging instruments [line items]
Financial Assets	313	248
Commodities contracts
Disclosure of detailed information about hedging instruments [line items]
Financial Assets	$ 75	$ 75

EQUITY - Additional Information

EQUITY - Additional Information (Details) $ / shares in Units, $ in Millions		3 Months Ended		6 Months Ended				12 Months Ended
		Jun. 30, 2024 USD ($) $ / shares shares	Jun. 30, 2023 USD ($) $ / shares shares	Jun. 30, 2024 USD ($) subsidiary $ / shares shares		Jun. 30, 2023 USD ($) $ / shares shares		Dec. 31, 2023 USD ($) shares	Dec. 31, 2022 USD ($)
Equity		$ 18,204	$ 18,892	$ 18,204		$ 18,892		$ 18,532	$ 18,429
Number of shares issued (in shares) | shares		72,954,447		72,954,447
Dividends recognised as distributions to owners		$ 0	0	$ 0		0
Decrease through other distributions to owners, equity	[1]			335		1,290
Limited partners		(7)	$ (16)	$ 10		$ 9
Exchange ratio (in shares) | shares				1
Exchangeable shares received for every two LP Units held (in shares) | shares			622,000,000			622,000,000
Converted to class C shares (in shares) | shares				(3)
Unit issuance								$ 725
Partnership commitment agreement, maximum amount				$ 1,500
Fixed preferential cumulative distribution percentage		$ 725		$ 725
Incentive distribution threshold reduction percentage		7%		7%
Remaining capacity available on the commitment				$ 25
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		$ 19.30		$ 31.53
Non-controlling interest - Redemption-Exchange Units held by Brookfield Asset Management Inc.
Proportion of ownership interest in subsidiary				65.50%
Dividends recognised as distributions to owners		$ 13	$ 13	$ 27		$ 27
Dividends recognised as distributions to owners per share (in dollars per share) | $ / shares		$ 0.0625	$ 0.0625	$ 0.0625		$ 0.0625
Total
Number of shares issued (in shares) | shares		74,281,770		74,281,770				74,281,767
Limited partners
Equity		$ 1,868	$ 1,456	$ 1,868		$ 1,456		$ 1,909	1,408
Number of shares issued (in shares) | shares		74,281,766		74,281,766				74,281,763
Decrease through other distributions to owners, equity	[1]			$ 10		$ 10
Weighted average number of ordinary shares outstanding (in shares) | shares		74,300,000	74,600,000	74,300,000		74,600,000
Units repurchased and canceled (in shares) | shares						0
Units purchased (in shares) | shares				15,211,000,000		374,533,000,000
Redemption- exchange units
Equity		$ 1,752	$ 1,360	$ 1,752		$ 1,360		$ 1,792	1,318
Number of shares issued (in shares) | shares		69,705,497		69,705,497				69,705,497
Decrease through other distributions to owners, equity	[1]			$ 8		$ 8
Redemption- exchange units
Number of shares issued (in shares) | shares								72,954,450
Converted to class C shares (in shares) | shares				(3,000,000)
Equity Attributable To Owners Of Parent Special Limited Partner
Number of shares issued (in shares) | shares		4	4	4		4		4
Brookfield Asset Management Inc.
Number of shares issued (in shares) | shares		4		4				4
Brookfield Asset Management Inc. | Preference shares
Unit issuance				$ 15
Number of partnership's subsidiaries (in subsidiaries) | subsidiary				3
Cumulative preferencial cash dividend as a percentage of redemption value				5%
Preferred securities
Equity		$ 740	$ 1,490	$ 740		$ 1,490		$ 740	1,490
Decrease through other distributions to owners, equity				26	[1]	44
Preferred Equity Securities
Decrease through other distributions to owners, equity		13	22	26		44
Interest of others in operating subsidiaries
Equity		12,010	13,162	12,010		13,162		$ 12,216	$ 12,835
Decrease through other distributions to owners, equity		$ 181	$ 968	$ 282	[1]	$ 1,219	[1]
[1] See Note 19 for additional information on distributions.

EQUITY - General and Limited Pa

EQUITY - General and Limited Partnership Units (Details)	6 Months Ended
	Jun. 30, 2024 shares
Disclosure of classes of share capital [line items]
Balance at end of period (in shares)	72,954,447
Total
Disclosure of classes of share capital [line items]
Balance at beginning of period (in shares)	74,281,767
Conversion from BBUC exchangeable shares (in shares)	3
Balance at end of period (in shares)	74,281,770
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)	74,281,763
Conversion from BBUC exchangeable shares (in shares)	3
Balance at end of period (in shares)	74,281,766

EQUITY - Redemption-Exchange Un

EQUITY - Redemption-Exchange Units Held by Brookfield (Details)	Jun. 30, 2024 shares
Disclosure of classes of share capital [line items]
Balance at end of period (in shares)	72,954,447
Redemption- exchange units
Disclosure of classes of share capital [line items]
Balance at beginning of period (in shares)	69,705,497
Balance at end of period (in shares)	69,705,497

EQUITY - BBUC Exchangeable Shar

EQUITY - BBUC Exchangeable Shares (Details)	6 Months Ended
	Jun. 30, 2024 shares
Disclosure of classes of share capital [line items]
Converted to LP Units (in shares)	(3)
Balance at end of period (in shares)	72,954,447
BBCU exchangeable shares
Disclosure of classes of share capital [line items]
Balance at beginning of period (in shares)	72,954,450
Converted to LP Units (in shares)	(3,000,000)

EQUITY - Special Limited Partne

EQUITY - Special Limited Partner Units Held by Brookfield (Details) - shares	Jun. 30, 2024	Dec. 31, 2023
Disclosure of classes of share capital [line items]
Balance at end of period (in shares)	72,954,447
Equity Attributable To Owners Of Parent Special Limited Partner
Disclosure of classes of share capital [line items]
Balance at beginning of period (in shares)	4	4
Balance at end of period (in shares)	4	4

EQUITY - Preferred Securities H

EQUITY - Preferred Securities Held by Brookfield (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023
Disclosure of classes of share capital [line items]
Beginning balance	$ 18,532	$ 18,892	$ 18,429
Ending balance	18,204	18,532	18,892
Preferred securities
Disclosure of classes of share capital [line items]
Beginning balance	740	1,490	1,490
Ending balance	$ 740	$ 740	$ 1,490

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Details) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Disclosure of analysis of other comprehensive income by item [line items]
Beginning balance				$ 18,532	$ 18,429
Other comprehensive income (loss)		$ (126)	$ 212	(385)	293
Ending balance		18,204	18,892	18,204	18,892
Limited partners
Disclosure of analysis of other comprehensive income by item [line items]
Beginning balance				1,909	1,408
Other comprehensive income (loss)				(41)	22
Ending balance		1,868	1,456	1,868	1,456
Foreign currency translation | Limited partners
Disclosure of analysis of other comprehensive income by item [line items]
Beginning balance				(189)	(247)
Other comprehensive income (loss)				(74)	28
Ending balance		(263)	(219)	(263)	(219)
FVOCI | Limited partners
Disclosure of analysis of other comprehensive income by item [line items]
Beginning balance				5	(8)
Other comprehensive income (loss)				4	13
Ending balance		9	5	9	5
Other | Limited partners
Disclosure of analysis of other comprehensive income by item [line items]
Beginning balance				54	112
Other comprehensive income (loss)				29	(19)
Ending balance		83	93	83	93
Accumulated other comprehensive income (loss) | Limited partners
Disclosure of analysis of other comprehensive income by item [line items]
Beginning balance	[1]			(130)	(143)
Other comprehensive income (loss)	[1]			(41)	22
Ending balance	[1]	$ (171)	$ (121)	$ (171)	$ (121)
[1] See Note 20 for additional information.

DIRECT OPERATING COSTS (Details

DIRECT OPERATING COSTS (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Analysis of income and expense [abstract]
Inventory costs	$ 7,283	$ 8,030	$ 14,769	$ 16,421
Subcontractor and consultant costs	861	765	1,533	1,465
Concession construction materials and labor costs	38	85	78	160
Depreciation and amortization expense	809	907	1,617	1,807
Compensation	985	1,591	1,961	3,109
Other direct costs	952	952	1,848	1,834
Total	$ 10,928	$ 12,330	$ 21,806	$ 24,796

REVENUES - Revenues by Type (De

REVENUES - Revenues by Type (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Disclosure of operating segments [line items]
Revenues from contracts with customers	$ 11,149	$ 12,774	$ 22,381	$ 25,841
Other revenues	797	732	1,580	1,423
Total revenues	11,946	13,506	23,961	27,264
Business services
Disclosure of operating segments [line items]
Revenues from contracts with customers	7,141	7,514	14,164	15,116
Other revenues	444	360	883	696
Total revenues	7,585	7,874	15,047	15,812
Infrastructure services
Disclosure of operating segments [line items]
Revenues from contracts with customers	592	1,640	1,138	3,302
Other revenues	350	366	690	715
Total revenues	942	2,006	1,828	4,017
Industrials
Disclosure of operating segments [line items]
Revenues from contracts with customers	3,416	3,620	7,079	7,423
Other revenues	3	6	7	12
Total revenues	$ 3,419	$ 3,626	$ 7,086	$ 7,435

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, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Disclosure of operating segments [line items]
Revenues from contracts with customers	$ 11,149	$ 12,774	$ 22,381	$ 25,841
Goods and services provided at a point in time
Disclosure of operating segments [line items]
Revenues from contracts with customers	9,295	10,109	18,735	20,629
Services transferred over a period of time
Disclosure of operating segments [line items]
Revenues from contracts with customers	1,854	2,665	3,646	5,212
Business services
Disclosure of operating segments [line items]
Revenues from contracts with customers	7,141	7,514	14,164	15,116
Business services | Goods and services provided at a point in time
Disclosure of operating segments [line items]
Revenues from contracts with customers	5,713	6,116	11,390	12,351
Business services | Services transferred over a period of time
Disclosure of operating segments [line items]
Revenues from contracts with customers	1,428	1,398	2,774	2,765
Infrastructure services
Disclosure of operating segments [line items]
Revenues from contracts with customers	592	1,640	1,138	3,302
Infrastructure services | Goods and services provided at a point in time
Disclosure of operating segments [line items]
Revenues from contracts with customers	221	476	377	1,050
Infrastructure services | Services transferred over a period of time
Disclosure of operating segments [line items]
Revenues from contracts with customers	371	1,164	761	2,252
Industrials
Disclosure of operating segments [line items]
Revenues from contracts with customers	3,416	3,620	7,079	7,423
Industrials | Goods and services provided at a point in time
Disclosure of operating segments [line items]
Revenues from contracts with customers	3,361	3,517	6,968	7,228
Industrials | Services transferred over a period of time
Disclosure of operating segments [line items]
Revenues from contracts with customers	$ 55	$ 103	$ 111	$ 195

REVENUES - Revenues by Geograph

REVENUES - Revenues by Geography (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Disclosure of operating segments [line items]
Revenues from contracts with customers	$ 11,149	$ 12,774	$ 22,381	$ 25,841
Other revenues	797	732	1,580	1,423
Total revenues	11,946	13,506	23,961	27,264
Business services
Disclosure of operating segments [line items]
Revenues from contracts with customers	7,141	7,514	14,164	15,116
Other revenues	444	360	883	696
Total revenues	7,585	7,874	15,047	15,812
Infrastructure services
Disclosure of operating segments [line items]
Revenues from contracts with customers	592	1,640	1,138	3,302
Other revenues	350	366	690	715
Total revenues	942	2,006	1,828	4,017
Industrials
Disclosure of operating segments [line items]
Revenues from contracts with customers	3,416	3,620	7,079	7,423
Other revenues	3	6	7	12
Total revenues	3,419	3,626	7,086	7,435
United Kingdom
Disclosure of operating segments [line items]
Revenues from contracts with customers	4,545	4,696	9,028	9,297
United Kingdom | Business services
Disclosure of operating segments [line items]
Revenues from contracts with customers	4,403	4,453	8,729	8,828
United Kingdom | Infrastructure services
Disclosure of operating segments [line items]
Revenues from contracts with customers	72	162	145	299
United Kingdom | Industrials
Disclosure of operating segments [line items]
Revenues from contracts with customers	70	81	154	170
United States of America
Disclosure of operating segments [line items]
Revenues from contracts with customers	1,900	2,891	4,011	5,928
United States of America | Business services
Disclosure of operating segments [line items]
Revenues from contracts with customers	300	515	753	1,076
United States of America | Infrastructure services
Disclosure of operating segments [line items]
Revenues from contracts with customers	233	850	423	1,731
United States of America | Industrials
Disclosure of operating segments [line items]
Revenues from contracts with customers	1,367	1,526	2,835	3,121
Europe
Disclosure of operating segments [line items]
Revenues from contracts with customers	1,460	1,739	3,056	3,670
Europe | Business services
Disclosure of operating segments [line items]
Revenues from contracts with customers	452	477	938	1,098
Europe | Infrastructure services
Disclosure of operating segments [line items]
Revenues from contracts with customers	181	438	362	857
Europe | Industrials
Disclosure of operating segments [line items]
Revenues from contracts with customers	827	824	1,756	1,715
Australia
Disclosure of operating segments [line items]
Revenues from contracts with customers	1,257	1,075	2,310	2,162
Australia | Business services
Disclosure of operating segments [line items]
Revenues from contracts with customers	1,182	993	2,164	1,996
Australia | Infrastructure services
Disclosure of operating segments [line items]
Revenues from contracts with customers	40	48	80	100
Australia | Industrials
Disclosure of operating segments [line items]
Revenues from contracts with customers	35	34	66	66
Canada
Disclosure of operating segments [line items]
Revenues from contracts with customers	455	832	869	1,636
Canada | Business services
Disclosure of operating segments [line items]
Revenues from contracts with customers	309	643	582	1,254
Canada | Infrastructure services
Disclosure of operating segments [line items]
Revenues from contracts with customers	18	43	43	78
Canada | Industrials
Disclosure of operating segments [line items]
Revenues from contracts with customers	128	146	244	304
Brazil
Disclosure of operating segments [line items]
Revenues from contracts with customers	596	608	1,198	1,224
Brazil | Business services
Disclosure of operating segments [line items]
Revenues from contracts with customers	247	201	483	376
Brazil | Infrastructure services
Disclosure of operating segments [line items]
Revenues from contracts with customers	22	23	40	52
Brazil | Industrials
Disclosure of operating segments [line items]
Revenues from contracts with customers	327	384	675	796
Mexico
Disclosure of operating segments [line items]
Revenues from contracts with customers	322	287	641	544
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	322	287	641	544
Other
Disclosure of operating segments [line items]
Revenues from contracts with customers	614	646	1,268	1,380
Other | Business services
Disclosure of operating segments [line items]
Revenues from contracts with customers	248	232	515	488
Other | Infrastructure services
Disclosure of operating segments [line items]
Revenues from contracts with customers	26	76	45	185
Other | Industrials
Disclosure of operating segments [line items]
Revenues from contracts with customers	$ 340	$ 338	$ 708	$ 707

SEGMENT INFORMATION - Additiona

SEGMENT INFORMATION - Additional Information (Details)	6 Months Ended
	Jun. 30, 2024 segment
Operating Segments [Abstract]
Number of operating segments	4

SEGMENT INFORMATION - Income St

SEGMENT INFORMATION - Income Statement Captions by Segment (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Disclosure of operating segments [line items]
Revenues	$ 11,946	$ 13,506	$ 23,961	$ 27,264
Direct operating costs	(10,119)	(11,423)	(20,189)	(22,989)
General and administrative expenses	(307)	(398)	(624)	(799)
Gains (loss) on acquisitions / dispositions, net	84	87	99	168
Gain (loss) on acquisitions / dispositions, net recorded in equity	22	31	82	225
Other income (expense), net	13	16	73	19
Interest income (expense), net	(778)	(932)	(1,574)	(1,797)
Current income tax (expense) recovery	(122)	(267)	(212)	(393)
Preferred equity distributions	0	0	0	0
Equity accounted Adjusted EFO	81	75	155	156
Depreciation and amortization expense	(809)	(907)	(1,617)	(1,807)
Impairment reversal (expense), net	0	(7)	10	(7)
Gain (loss) on acquisitions / dispositions, net recorded in equity	(22)	(31)	(82)	(225)
Other income (expense), net	(113)	122	(57)	248
Deferred income tax (expense) recovery	239	216	344	284
Non-cash items attributable to equity accounted investments	(50)	(47)	(101)	(103)
Net income (loss)	65	41	268	244
Direct costs	10,928	12,330	21,806	24,796
Other income (expense), net	(100)	138	16	267
Net unrealized revaluation gain (loss)	8		46
Other expenses	10	10	20	22
Other expenses related to fair value adjustments	82		82
Gain on debt modification and extinguishment	13		8
Business separation expenses, stand-up costs and restructuring charges	13	(20)	18	(34)
Transaction costs	5	(17)	18	(26)
Equity accounted income (loss)	31	28	54	53	$ 132
Direct operating costs	(10,928)	(12,330)	(21,806)	(24,796)
Gain on disposal of economic ownership interest				70
Other income (expense), net	(100)	138	16	267
Other income			2
Net unrealized revaluation gain (loss)	8		46
Business separation expenses, stand-up costs and restructuring charges	13	(20)	18	(34)
Other expenses	10	10	20	22
Gain on debt modification and extinguishment	13		8
Other expenses related to fair value adjustments	82		82
Transaction costs	5	(17)	18	(26)
Net realized revaluation gain (loss)			15
Equity accounted income (loss)	31	28	54	53	$ 132
Operating segments
Disclosure of operating segments [line items]
Revenues	3,639	4,128	7,163	8,303
Direct operating costs	(3,085)	(3,449)	(6,023)	(6,922)
General and administrative expenses	(107)	(148)	(221)	(299)
Gains (loss) on acquisitions / dispositions, net	81	22	96	95
Gain (loss) on acquisitions / dispositions, net recorded in equity	22	8	69	78
Other income (expense), net	5	7	67	8
Interest income (expense), net	(256)	(326)	(517)	(618)
Current income tax (expense) recovery	(42)	(81)	(72)	(126)
Preferred equity distributions	(13)	(22)	(26)	(44)
Equity accounted Adjusted EFO	45	46	84	91
Adjusted EFO	289	185	620	566
Depreciation and amortization expense	(251)	(294)	(504)	(586)
Impairment reversal (expense), net		(3)	5	(3)
Gain (loss) on acquisitions / dispositions, net recorded in equity	(22)	(8)	(69)	(78)
Other income (expense), net	(89)	16	(84)	83
Deferred income tax (expense) recovery	88	90	131	115
Non-cash items attributable to equity accounted investments	(35)	(34)	(71)	(71)
Net income (loss)	(20)	(48)	28	26
Net unrealized revaluation gain (loss)	2	44		147
Gain from disposal of partnership real estate services			15
Gain (loss) on acquisitions /dispositions, net				67
Business separation income			50
Other income	3
Net unrealized revaluation gain (loss)	2	44		147
Net realized revaluation gain (loss)		19		18
Unallocated amounts
Disclosure of operating segments [line items]
Revenues	8,307	9,378	16,798	18,961
Direct operating costs	(7,034)	(7,974)	(14,166)	(16,067)
General and administrative expenses	(200)	(250)	(403)	(500)
Gains (loss) on acquisitions / dispositions, net	3	65	3	73
Gain (loss) on acquisitions / dispositions, net recorded in equity	0	23	13	147
Other income (expense), net	8	9	6	11
Interest income (expense), net	(522)	(606)	(1,057)	(1,179)
Current income tax (expense) recovery	(80)	(186)	(140)	(267)
Preferred equity distributions	13	22	26	44
Equity accounted Adjusted EFO	36	29	71	65
Depreciation and amortization expense	(558)	(613)	(1,113)	(1,221)
Impairment reversal (expense), net		(4)	5	(4)
Gain (loss) on acquisitions / dispositions, net recorded in equity	0	(23)	(13)	(147)
Other income (expense), net	(24)	106	27	165
Deferred income tax (expense) recovery	151	126	213	169
Non-cash items attributable to equity accounted investments	(15)	(13)	(30)	(32)
Net income (loss)	85	89	240	218
Business services
Disclosure of operating segments [line items]
Revenues	7,585	7,874	15,047	15,812
Depreciation and amortization expense	(248)	(252)	(502)	(505)
Business services | Operating segments
Disclosure of operating segments [line items]
Revenues	2,353	2,255	4,536	4,465
Direct operating costs	(2,154)	(2,004)	(4,111)	(3,971)
General and administrative expenses	(35)	(43)	(73)	(88)
Gains (loss) on acquisitions / dispositions, net	0	22	15	89
Gain (loss) on acquisitions / dispositions, net recorded in equity	0	8	0	14
Other income (expense), net	2	0	51	0
Interest income (expense), net	(72)	(79)	(143)	(140)
Current income tax (expense) recovery	(17)	(51)	(38)	(59)
Preferred equity distributions	0	0	0	0
Equity accounted Adjusted EFO	9	11	17	22
Adjusted EFO	86	119	254	332
Gain (loss) related to financial instrument investments				22
Infrastructure services
Disclosure of operating segments [line items]
Revenues	942	2,006	1,828	4,017
Depreciation and amortization expense	(222)	(301)	(434)	(604)
Infrastructure services | Operating segments
Disclosure of operating segments [line items]
Revenues	322	789	629	1,601
Direct operating costs	(189)	(574)	(373)	(1,160)
General and administrative expenses	(20)	(43)	(39)	(86)
Gains (loss) on acquisitions / dispositions, net	0	0	0	6
Gain (loss) on acquisitions / dispositions, net recorded in equity	0	0	0	0
Other income (expense), net	0	6	12	6
Interest income (expense), net	(60)	(109)	(123)	(212)
Current income tax (expense) recovery	(3)	(6)	(4)	(30)
Preferred equity distributions	0	0	0	0
Equity accounted Adjusted EFO	26	25	46	49
Adjusted EFO	76	88	148	174
Industrials
Disclosure of operating segments [line items]
Revenues	3,419	3,626	7,086	7,435
Depreciation and amortization expense	(339)	(354)	(681)	(698)
Industrials | Operating segments
Disclosure of operating segments [line items]
Revenues	964	1,084	1,998	2,237
Direct operating costs	(739)	(868)	(1,532)	(1,780)
General and administrative expenses	(27)	(36)	(56)	(73)
Gains (loss) on acquisitions / dispositions, net	81	0	81	0
Gain (loss) on acquisitions / dispositions, net recorded in equity	22	0	69	64
Other income (expense), net	3	1	4	2
Interest income (expense), net	(86)	(104)	(176)	(201)
Current income tax (expense) recovery	(22)	(24)	(23)	(44)
Preferred equity distributions	0	0	0	0
Equity accounted Adjusted EFO	10	10	21	20
Adjusted EFO	206	63	386	225
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)	(3)	(7)	(11)
General and administrative expenses	(25)	(26)	(53)	(52)
Gains (loss) on acquisitions / dispositions, net	0	0	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	(38)	(34)	(75)	(65)
Current income tax (expense) recovery	0	0	(7)	7
Preferred equity distributions	(13)	(22)	(26)	(44)
Equity accounted Adjusted EFO	0	0	0	0
Adjusted EFO	$ (79)	$ (85)	$ (168)	$ (165)

SEGMENT INFORMATION - Assets by

SEGMENT INFORMATION - Assets by Segment (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Disclosure of operating segments [line items]
Total assets	$ 81,521	$ 82,385
Business services
Disclosure of operating segments [line items]
Total assets	37,910	38,066
Infrastructure services
Disclosure of operating segments [line items]
Total assets	17,255	17,180
Industrials
Disclosure of operating segments [line items]
Total assets	26,072	26,822
Corporate and other
Disclosure of operating segments [line items]
Total assets	$ 284	$ 317

SUPPLEMENTAL CASH FLOW INFORM_3

SUPPLEMENTAL CASH FLOW INFORMATION - Interest and Income Taxes Paid (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Cash Flow Statement [Abstract]
Net interest paid (received)	$ 1,526	$ 1,264
Net income taxes paid (received)	$ 594	$ 223

SUPPLEMENTAL CASH FLOW INFORM_4

SUPPLEMENTAL CASH FLOW INFORMATION - Non-cash Working Capital (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Cash Flow Statement [Abstract]
Accounts receivable	$ (988)	$ (612)
Inventory	(316)	361
Prepayments and other	(152)	(655)
Accounts payable and other	607	432
Changes in non-cash working capital, net	$ (849)	$ (474)

INSURANCE CONTRACTS (Details)

INSURANCE CONTRACTS (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Disclosure of reconciliation of changes in insurance contracts by remaining coverage and incurred claims [line items]
Insurance liabilities at the beginning	$ 1,934	$ 1,902
Changes that relate to current service:
Contractual service margin recognized for services provided	(193)	(146)
Change in risk adjustment recognized for the risk expired	(34)	(41)
Experience adjustments		(15)
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	(10)	13
Insurance finance income/(expenses)	33	23
Foreign currency translation	(59)	43
Increase (decrease) through insurance service result, insurance contracts liability (asset)	(263)	(123)
Premiums received	242	194
Claims and other insurance service expenses paid	(20)	(31)
Insurance acquisition cash flows	(31)	(28)
Insurance liabilities at the end	1,862	1,914
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	385	352
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)
Changes that relate to future service:
Contracts initially recognized in the period	(165)	(130)
Changes in estimates that adjust the contractual service margin	(1)	50
Changes that relate to past services:
Adjustments to liabilities for incurred claims	(10)	11
Insurance finance income/(expenses)	8	(3)
Foreign currency translation	(11)	9
Increase (decrease) through insurance service result, insurance contracts liability (asset)	(179)	(78)
Premiums received	242	194
Claims and other insurance service expenses paid	(20)	(31)
Insurance acquisition cash flows	(31)	(28)
Insurance liabilities at the end	397	409
Risk adjustment
Disclosure of reconciliation of changes in insurance contracts by remaining coverage and incurred claims [line items]
Insurance liabilities at the beginning	479	585
Changes that relate to current service:
Contractual service margin recognized for services provided	0	0
Change in risk adjustment recognized for the risk expired	(34)	(41)
Experience adjustments		0
Changes that relate to future service:
Contracts initially recognized in the period	59	48
Changes in estimates that adjust the contractual service margin	(29)	(120)
Changes that relate to past services:
Adjustments to liabilities for incurred claims	0	2
Insurance finance income/(expenses)	10	15
Foreign currency translation	(15)	12
Increase (decrease) through insurance service result, insurance contracts liability (asset)	(9)	(84)
Premiums received	0	0
Claims and other insurance service expenses paid	0	0
Insurance acquisition cash flows	0	0
Insurance liabilities at the end	470	501
Contractual service margin
Disclosure of reconciliation of changes in insurance contracts by remaining coverage and incurred claims [line items]
Insurance liabilities at the beginning	1,070	965
Changes that relate to current service:
Contractual service margin recognized for services provided	(193)	(146)
Change in risk adjustment recognized for the risk expired	0	0
Experience adjustments		0
Changes that relate to future service:
Contracts initially recognized in the period	106	82
Changes in estimates that adjust the contractual service margin	30	70
Changes that relate to past services:
Adjustments to liabilities for incurred claims	0	0
Insurance finance income/(expenses)	15	11
Foreign currency translation	(33)	22
Increase (decrease) through insurance service result, insurance contracts liability (asset)	(75)	39
Premiums received	0	0
Claims and other insurance service expenses paid	0	0
Insurance acquisition cash flows	0	0
Insurance liabilities at the end	$ 995	$ 1,004

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details)	Aug. 01, 2024 $ / shares
Distribution
Disclosure of non-adjusting events after reporting period [line items]
Distributions declared (in dollars per share)	$ 0.0625