Brookfield Business (BBUC) 6-K7 Aug 242024 Q2 Unaudited Interim Condensed Consolidated Financial Statements ofFinancial data

Company Profile

Cover

Cover	6 Months Ended
Cover	Jun. 30, 2024
Cover [Abstract]
Document Type	6-K
Entity Registrant Name	BROOKFIELD BUSINESS CORPORATION
Entity Central Index Key	0001871130
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	$ 754	$ 772
Financial assets	50	77
Accounts and other receivable, net	1,364	1,352
Inventory, net	63	61
Other assets	524	489
Current Assets	2,755	2,751
Non-Current Assets
Financial assets	274	147
Accounts and other receivable, net	1,971	2,217
Other assets	250	248
Property, plant and equipment	2,671	2,743
Deferred income tax assets	263	221
Intangible assets	6,411	6,931
Equity accounted investments	208	222
Goodwill	5,700	5,702
Assets	20,503	21,182
Current Liabilities
Accounts payable and other	2,794	2,534
Non-recourse borrowings in subsidiaries of the company	238	793
Exchangeable and class B shares	1,375	1,501
Current Liabilities	4,407	4,828
Non-Current Liabilities
Accounts payable and other	2,236	2,284
Non-recourse borrowings in subsidiaries of the company	8,094	8,030
Deferred income tax liabilities	1,184	1,280
Liabilities	15,921	16,422
Equity
Brookfield Business Partners	849	880
Non-controlling interests	3,733	3,880
Equity	4,582	4,760
Liabilities and Equity	$ 20,503	$ 21,182

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		$ 1,929	$ 1,908	$ 3,794	$ 3,773
Direct operating costs		(1,860)	(1,669)	(3,512)	(3,285)
General and administrative expenses		(77)	(63)	(141)	(124)
Interest income (expense), net		(203)	(233)	(413)	(445)
Equity accounted income (loss)		2	2	3	0
Impairment reversal (expense), net		0	(7)	(2)	(7)
Gain (loss) on acquisitions/dispositions, net		0	87	0	87
Remeasurement of exchangeable and class B shares		237	101	126	(20)
Other income (expense), net		(59)	171	(70)	133
Income (loss) before income tax from continuing operations		(31)	297	(215)	112
Income tax (expense) recovery
Current		16	(112)	(28)	(122)
Deferred		55	10	109	23
Net income (loss) from continuing operations		40	195	(134)	13
Discontinued operations
Net income (loss) from discontinued operations		0	(37)	0	(40)
Net income (loss)		40	158	(134)	(27)
Attributable to:
Brookfield Business Partners	[1]	124	108	(26)	(32)
Non-controlling interests		$ (84)	$ 50	$ (108)	$ 5

[1] Earnings per share have not been presented in the financial statements, as the underlying shares do not constitute “ordinary shares” under IAS 33, Earnings per share (“IAS 33”). See Note 2(d) for further details.

UNAUDITED INTERIM CONDENSED C_3

UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Statement of comprehensive income [abstract]
Net income (loss)	$ 40	$ 158	$ (134)	$ (27)
Items that may be reclassified subsequently to profit or loss:
Foreign currency translation	(82)	41	(163)	44
Net investment and cash flow hedges	87	87	146	25
Taxes on the above items	(7)	(20)	(15)	0
Reclassification to profit or loss	(25)	(18)	(42)	(36)
Other comprehensive income (loss)	(27)	90	(74)	33
Comprehensive income (loss)	13	248	(208)	6
Attributable to:
Brookfield Business Partners	127	138	(45)	(24)
Non-controlling interests	$ (114)	$ 110	$ (163)	$ 30

UNAUDITED INTERIM CONDENSED C_4

UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($) $ in Millions	Total	Brookfield Business Partners	Capital	Retained earnings	Ownership changes	Accumulated other comprehensive income (loss)	[1]	Non-controlling interests
Beginning balance at Dec. 31, 2022	$ 4,071	$ 359	$ 737	$ 118	$ (161)	$ (335)		$ 3,712
Net income (loss)	(27)	(32)		(32)				5
Other comprehensive income (loss)	33	8				8		25
Total comprehensive income (loss)	6	(24)		(32)		8		30
Contributions	478							478
Distributions and capital paid	(944)							(944)
Ownership changes and other	89	(8)			(8)			97
Ending balance at Jun. 30, 2023	3,700	327	737	86	(169)	(327)		3,373
Beginning balance at Dec. 31, 2023	4,760	880	737	637	(129)	(365)		3,880
Net income (loss)	(134)	(26)		(26)				(108)
Other comprehensive income (loss)	(74)	(19)				(19)		(55)
Total comprehensive income (loss)	(208)	(45)		(26)		(19)		(163)
Contributions	28							28
Distributions and capital paid	(23)							(23)
Ownership changes and other	25	14		11	3			11
Ending balance at Jun. 30, 2024	$ 4,582	$ 849	$ 737	$ 622	$ (126)	$ (384)		$ 3,733

[1] See Note 18 for additional information.

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) from continuing operations	$ (134)	$ 13
Net income (loss) from discontinued operations	0	(40)
Net income (loss)	(134)	(27)
Adjusted for the following items:
Equity accounted earnings, net of distributions	7	9
Impairment expense (reversal), net	2	7
Depreciation and amortization expense	390	554
Gain on acquisitions/dispositions, net	0	(101)
Provisions and other items	48	(156)
Deferred income tax expense (recovery)	(109)	(61)
Remeasurement of exchangeable and class B shares	(126)	20
Changes in non-cash working capital, net	(97)	(314)
Cash from (used in) operating activities	(19)	(69)
Financing Activities
Proceeds from non-recourse borrowings in subsidiaries of the company	702	845
Repayment of non-recourse borrowings in subsidiaries of the company	(817)	(617)
Proceeds from other financing	52	53
Repayment of other financing	(56)	(57)
Lease liability repayment	(35)	(62)
Capital provided by others who have interests in operating subsidiaries	15	942
Distributions to exchangeable shareholders	(9)	(9)
Proceeds from Brookfield Business Partners	401	97
Payment to Brookfield Business Partners	(2)	(309)
Distributions and capital paid to others who have interests in operating subsidiaries	(17)	(1,122)
Cash from (used in) financing activities	234	(239)
Acquisitions
Subsidiaries, net of cash acquired	(35)	0
Property, plant and equipment and intangible assets	(154)	(333)
Financial assets and other	0	(2)
Dispositions
Subsidiaries, net of cash disposed	0	700
Property, plant and equipment and intangible assets	1	12
Financial assets and other	2	3
Net settlement of derivative assets and liabilities	(3)	(10)
Restricted cash and deposits	18	5
Cash from (used in) investing activities	(171)	375
Cash and cash equivalents
Change during the period	44	67
Impact of foreign exchange	(62)	33
Balance, beginning of year	772	736
Balance, end of period	$ 754	$ 836

ORGANIZATION AND DESCRIPTION OF

ORGANIZATION AND DESCRIPTION OF THE COMPANY	6 Months Ended
ORGANIZATION AND DESCRIPTION OF THE COMPANY	Jun. 30, 2024
Corporate information and statement of IFRS compliance [abstract]
ORGANIZATION AND DESCRIPTION OF THE COMPANY	ORGANIZATION AND DESCRIPTION OF THE COMPANY (a) Brookfield Business Corporation Brookfield Business Corporation and its subsidiaries (the “company”) is an owner and operator of services and industrials operations on a global basis (the “businesses”). The company was formed as a corporation established under the Business Corporations Act (British Columbia) on June 21, 2021 and is a subsidiary of Brookfield Business Partners L.P. (NYSE: BBU; TSX: BBU.UN) (the “partnership”, or collectively with its subsidiaries, excluding the company, “Brookfield Business Partners”). Brookfield Business Partners, the company and respective subsidiaries are referred to collectively as the “group”. Brookfield Corporation, formerly Brookfield Asset Management Inc. (“Brookfield Corporation” or together with its controlled subsidiaries, excluding the group, “Brookfield”), is the ultimate parent of the company and the group. Brookfield Business Partners holds all the issued and outstanding class B shares and class C shares of the company as at June 30, 2024. The registered head office of the company is 250 Vesey Street, New York, NY 10281, United States. The class A exchangeable subordinate voting shares (each, an “exchangeable share”) of the company are listed on the New York Stock Exchange (“NYSE”) and the Toronto Stock Exchange (“TSX”) under the symbol “BBUC”. The exchangeable shares are structured with the intention of being economically equivalent to the non-voting limited partnership units (“LP Units”) of the partnership. Given the economic equivalence, the market price of the exchangeable shares will be significantly impacted by the market price of the LP Units and the combined business performance of the company and Brookfield Business Partners as a whole.

MATERIAL ACCOUNTING POLICY INFO

MATERIAL ACCOUNTING POLICY INFORMATION	6 Months Ended
MATERIAL ACCOUNTING POLICY INFORMATION	Jun. 30, 2024
Corporate information and statement of IFRS compliance [abstract]
MATERIAL ACCOUNTING POLICY INFORMATION	MATERIAL ACCOUNTING POLICY INFORMATION (a) Statement of compliance The unaudited interim condensed consolidated financial statements have been prepared in accordance with IAS 34, Interim financial reporting (“IAS 34”) as issued by the International Accounting Standards Board (“IASB”). Accordingly, certain information and footnote disclosures normally included in the annual audited financial statements prepared in accordance with International Financial Reporting Standards (“IFRS”), as issued by the IASB, have been omitted or condensed. The unaudited interim condensed consolidated financial statements were approved by the Board of Directors and authorized for issue on August 7, 2024. (b) Basis of presentation These unaudited interim condensed consolidated financial statements should be read in conjunction with the company’s December 31, 2023 audited financial statements. The unaudited interim condensed consolidated financial statements have been prepared on a basis consistent with the accounting policies disclosed in Note 2 of the December 31, 2023 audited financial statements, unless otherwise noted. The results reported in these unaudited interim condensed consolidated financial statements should not be regarded as necessarily indicative of results that may be expected for an entire year. The policies set out below are consistently applied to all periods presented, unless otherwise noted. All figures are presented in millions of U.S. dollars, unless otherwise noted. The unaudited interim condensed consolidated financial statements have been prepared on the basis of historical cost except for certain financial instruments measured at fair value. Cost is recorded based on the fair value of the consideration given in exchange for assets. (i) Global minimum top-up tax The company operates in countries, including Canada, which have enacted new legislation to implement the global minimum top-up tax, effective from January 1, 2024. The company 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 company. (c) Consolidation These unaudited interim condensed consolidated financial statements include the accounts of the company and its subsidiaries, which are the entities over which the company has control. An investor controls an investee when it is exposed, or has rights, to variable returns from its involvement with the investee and has the ability to affect those returns through its power over the investee. Non-controlling interests in the equity of the company’s subsidiaries are shown separately in equity in the unaudited interim condensed consolidated statements of financial position. (d) Earnings per Share The company’s basic and diluted earnings per share have not been presented in the unaudited interim condensed consolidated financial statements. As outlined in Note 5, exchangeable shares and class B shares are classified as financial liabilities, while class C shares are classified as financial liabilities but presented as equity instruments given the narrow scope presentation exceptions existing in IAS 32. As each share classification represents a financial liability, they do not constitute ordinary shares. Refer to the aforementioned note for further details. (e) Critical accounting judgements and measurement uncertainty The preparation of financial statements requires management to make critical judgments, estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period that are not readily apparent from other sources. 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. (f) New accounting policies adopted The company has applied certain 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 company adopted these amendments on January 1, 2024 and the adoption did not have a material impact on the company’s unaudited interim condensed consolidated financial statements. (g) Future changes in accounting policies There are currently no other future changes to IFRS with expected material impacts on the company.

FAIR VALUE OF FINANCIAL INSTRUM

FAIR VALUE OF FINANCIAL INSTRUMENTS	6 Months Ended
FAIR VALUE OF FINANCIAL INSTRUMENTS	Jun. 30, 2024
Fair Value Measurement [Abstract]
FAIR VALUE OF FINANCIAL INSTRUMENTS	FAIR VALUE OF FINANCIAL INSTRUMENTS The following table provides the details of financial instruments and their associated financial instrument classifications as at June 30, 2024: (US$ MILLIONS) MEASUREMENT BASIS FVTPL FVOCI Amortized cost Total Financial assets Cash and cash equivalents $ — $ — $ 754 $ 754 Accounts and other receivable, net (current and non-current) — — 3,335 3,335 Financial assets (current and non-current) (1) 10 174 140 324 Total $ 10 $ 174 $ 4,229 $ 4,413 Financial liabilities Accounts payable and other (current and non-current) (1) (2) $ — $ 52 $ 3,564 $ 3,616 Non-recourse borrowings in subsidiaries of the company (current and non-current) — — 8,332 8,332 Exchangeable and class B shares (3) — — 1,375 1,375 Total $ — $ 52 $ 13,271 $ 13,323 ____________________________________ (1) FVOCI includes derivative assets and liabilities designated in hedge accounting relationships. Refer to Hedging Activities in Note 3(a) below. (2) Includes derivative liabilities and excludes liabilities associated with assets held for sale, provisions, decommissioning liabilities, deferred revenue, work in progress, post-employment benefits and other liabilities of $1,414 million. (3) Class C shares are also classified as financial liabilities due to their cash redemption feature, however, these shares meet certain qualifying criteria and are therefore presented as equity instruments in accordance with IAS 32. See Note 21 for additional information . Included in cash and cash equivalents as at June 30, 2024 is $351 million of cash (December 31, 2023 : $374 million ) and $403 million of cash equivalents (December 31, 2023: $398 million ). The following table provides the details of financial instruments and their associated financial instrument classifications as at December 31, 2023: (US$ MILLIONS) MEASUREMENT BASIS FVTPL FVOCI Amortized cost Total Financial assets Cash and cash equivalents $ — $ — $ 772 $ 772 Accounts and other receivable, net (current and non-current) — — 3,569 3,569 Financial assets (current and non-current) (1) 9 55 160 224 Total $ 9 $ 55 $ 4,501 $ 4,565 Financial liabilities Accounts payable and other (1) (2) $ — $ 48 $ 3,386 $ 3,434 Non-recourse borrowings in subsidiaries of the company (current and non-current) — — 8,823 8,823 Exchangeable and class B shares (3) — — 1,501 1,501 Total $ — $ 48 $ 13,710 $ 13,758 ____________________________________ (1) FVOCI includes derivative assets and liabilities designated in hedge accounting relationships. Refer to Hedging Activities in Note 3(a) below. (2) Includes derivative liabilities and excludes liabilities associated with assets held for sale, provisions, decommissioning liabilities, deferred revenue, work in progress, post-employment benefits and other liabilities of $1,384 million. (3) Class C shares are also classified as financial liabilities due to their cash redemption feature, however, these shares meet certain qualifying criteria and are therefore presented as equity instruments in accordance with IAS 32. See Note 21 for additional information. (a) Hedging activities Net investment hedges The company uses foreign exchange derivative contracts to manage foreign currency exposures arising from net investments in foreign operations. For the three and six month period ended June 30, 2024 , a pre-tax net gain of $56 million and $65 million (June 30, 2023: pre-tax net loss of $2 million and $13 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 $61 million (December 31, 2023: $1 million) and derivative liability balance of $34 million (December 31, 2023: $42 million) relating to derivative contracts designated as net investment hedges. Cash flow hedges The company uses 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. For the three and six month period ended June 30, 2024, a pre-tax net gain of $31 million and $81 million ( June 30, 2023 : pre-tax net gain of $89 million and $38 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 $113 million ( December 31, 2023 : $54 million ) and a derivative liability balance of $18 million ( December 31, 2023 : $6 million ) relating to the derivative contracts designated as cash flow hedges. (b) Fair value hierarchical levels – financial instruments The following table categorizes financial assets and liabilities, which are carried at fair value, based upon the level of input as at June 30, 2024 and December 31, 2023: June 30, 2024 December 31, 2023 (US$ MILLIONS) Level 1 Level 2 Level 1 Level 2 Financial assets Derivative assets — 174 — 55 Other financial assets 10 — 9 — $ 10 $ 174 $ 9 $ 55 Financial liabilities Derivative liabilities $ — $ 52 $ — $ 48 $ — $ 52 $ — $ 48 There were no financial instruments with significant Level 3 inputs as at June 30, 2024 and December 31, 2023. There were no transfers between levels during the six months ended June 30, 2024.

FINANCIAL ASSETS

FINANCIAL ASSETS	6 Months Ended
FINANCIAL ASSETS	Jun. 30, 2024
Financial Instruments [Abstract]
FINANCIAL ASSETS	FINANCIAL ASSETS (US$ MILLIONS) June 30, 2024 December 31, 2023 Current Restricted cash 45 52 Derivative assets 5 10 Other financial assets — 15 Total current $ 50 $ 77 Non-current Restricted cash 24 25 Derivative assets 169 45 Loans and notes receivable 71 68 Other financial assets 10 9 Total non-current $ 274 $ 147

EXCHANGEABLE SHARES, CLASS B SH

EXCHANGEABLE SHARES, CLASS B SHARES AND CLASS C SHARES	6 Months Ended
EXCHANGEABLE SHARES, CLASS B SHARES AND CLASS C SHARES	Jun. 30, 2024
Equity [abstract]
EXCHANGEABLE SHARES, CLASS B SHARES AND CLASS C SHARES	EXCHANGEABLE SHARES, CLASS B SHARES AND CLASS C SHARES The exchangeable shares and the class B shares are classified as liabilities due to their exchangeable and cash redemption features. Upon issuance, the exchangeable shares and the class B shares were recognized at their fair values. Subsequent to initial recognition, the exchangeable shares and the class B shares are recognized at amortized cost and remeasured to reflect changes in the contractual cash flows associated with the shares. These contractual cash flows are based on the price of one LP Unit. During the six months ended June 30, 2024, 3 exchangeable shares were exchanged into LP Units ( June 30, 2023: 622). As at June 30, 2024, the exchangeable shares and the class B shares were remeasured to reflect the closing price of one LP Unit, which was valued at $18.85 per unit. Remeasurement gains or losses associated with the exchangeable shares and class B shares are recorded in remeasurement of exchangeable and class B shares in the unaudited interim condensed consolidated statements of operating results. During the six months ended June 30, 2024, $9 million of dividends (June 30, 2023: $9 million of dividends) were declared on the outstanding exchangeable shares of the company and included in interest income (expense), net in the unaudited interim condensed consolidated statements of operating results. The following table provides a continuity schedule of outstanding exchangeable shares, and the class B shares, along with the carrying value of the corresponding liability and remeasurement gains and losses: (US$ MILLIONS, except as noted) Exchangeable shares outstanding (Shares) Class B shares outstanding (Shares) Exchangeable shares and class B shares Balance as at January 1, 2024 72,954,450 1 $ 1,501 Shares exchanged to LP Units (3) — — Remeasurement (gains) losses — — (126) Balance as at June 30, 2024 72,954,447 1 $ 1,375 Similar to the exchangeable shares and class B shares, the class C shares are classified as liabilities due to their cash redemption feature. However, the class C shares, the most subordinated class of all the company’s classes of common shares, meet certain qualifying criteria and are presented as equity instruments given the narrow scope presentation exceptions existing in IAS 32. Refer to Note 21 for further details related to class C shares. The following table provides a continuity of the company’s outstanding equity for the six-month period ended June 30, 2024: Class C shares (US$ MILLIONS, except as noted) Shares outstanding (Shares) Share capital Balance as at January 1, 2024 25,934,120 $ 737 Balance as at June 30, 2024 25,934,120 $ 737 The company’s share capital is comprised of exchangeable shares, class B shares and class C shares. Due to the exchange feature of the exchangeable shares and the cash redemption feature of the class B and class C shares, the exchangeable shares, the class B shares, and the class C shares are classified as financial liabilities. However, the class C shares, the most subordinated of all of the company’s classes of common shares, meet certain qualifying criteria and are presented as equity instruments given the narrow scope presentation exceptions existing in IAS 32. Refer to Note 5 for further details related to the exchangeable shares and the class B shares.

ACCOUNTS AND OTHER RECEIVABLE,

ACCOUNTS AND OTHER RECEIVABLE, NET	6 Months Ended
ACCOUNTS AND OTHER RECEIVABLE, NET	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 $ 1,364 $ 1,352 Non-current, net Accounts receivable 77 283 Retainer on customer contract 77 70 Billing rights 668 733 Loan receivable from Brookfield Business Partners (1) 1,149 1,131 Total non-current, net $ 1,971 $ 2,217 Total $ 3,335 $ 3,569 ____________________________________ (1) See Note 22 for additional information. Non-current billing rights primarily represent unbilled rights from the company’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 company’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
INVENTORY, NET	Jun. 30, 2024
Inventories [Abstract]
INVENTORY, NET	INVENTORY, NET (US$ MILLIONS) June 30, 2024 December 31, 2023 Raw materials and consumables $ 49 $ 52 Finished goods and other 14 9 Carrying amount of inventories $ 63 $ 61

DISPOSITIONS

DISPOSITIONS	6 Months Ended
DISPOSITIONS	Jun. 30, 2024
Disposals Of Non-current Assets [Abstract]
DISPOSITIONS	DISPOSITIONS (a) Dispositions completed in the six months ended June 30, 2024 For the six-month period ended June 30, 2024 , the company did not recognize any gains or losses on dispositions. (b) Dispositions completed in the six months ended June 30, 2023 Dealer software and technology services operation On May 1, 2023, the company’s dealer software and technology services operation completed the sale of its non-core division servicing the heavy equipment sector for 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. Power delivery business During February 2023, the company’s nuclear technology services operation, which was subsequently sold in November 2023, completed the sale of its power delivery business for gross proceeds of approximately $275 million , resulting in a gain of $14 million recorded in the unaudited interim condensed consolidated statements of operating results. See Note 9 for additional information .

DISCONTINUED OPERATIONS

DISCONTINUED OPERATIONS	6 Months Ended
DISCONTINUED OPERATIONS	Jun. 30, 2024
Non-current Assets Held For Sale And Discontinued Operations [Abstract]
DISCONTINUED OPERATIONS	DISCONTINUED OPERATIONS The revenues and expenses related to the company’s nuclear technology services operation, which the company sold in November 2023, have been presented in the unaudited interim condensed consolidated statements of operating results for the three and six months ended June 30, 2023 as a discontinued operation. Operating results of the discontinued operation for the three and six months ended June 30, 2024 and 2023 were as follows: Three Months Ended Six Months Ended June 30, (US$ MILLIONS) 2024 2023 2024 2023 Revenues $ — $ 1,006 $ — $ 2,062 Direct operating costs — (897) — (1,832) General and administrative expenses — (54) — (100) Interest expense, net — (74) — (141) Equity accounted income (loss) — 1 — — Gain on acquisitions/dispositions, net — — — 14 Other income (expenses), net — (26) — (45) Income (loss) before income tax — (44) — (42) Current and deferred taxes — 7 — 2 Net income (loss) from discontinued operations $ — $ (37) $ — $ (40) Net income (loss) attributable to Brookfield Business Partners and non-controlling interests for the three and six months ended June 30, 2024 and 2023 were as follows: Three Months Ended Six Months Ended June 30, (US$ MILLIONS) 2024 2023 2024 2023 Income (loss) from continuing operations attributable to: Brookfield Business Partners $ 124 $ 116 $ (26) $ (27) Non-controlling interests (84) 79 (108) 40 Total $ 40 $ 195 $ (134) $ 13 Income (loss) from discontinued operations attributable to: Brookfield Business Partners $ — $ (8) $ — $ (5) Non-controlling interests — (29) — (35) Total $ — $ (37) $ — $ (40) Comprehensive income (loss) attributable to Brookfield Business Partners and non-controlling interests for the three and six months ended June 30, 2024 and 2023 were as follows: Three Months Ended Six Months Ended June 30, (US$ MILLIONS) 2024 2023 2024 2023 Comprehensive income (loss) from continuing operations attributable to: Brookfield Business Partners $ 127 $ 151 $ (45) $ (9) Non-controlling interests (114) 156 (163) 94 Total $ 13 $ 307 $ (208) $ 85 Comprehensive income (loss) from discontinued operations attributable to: Brookfield Business Partners $ — $ (13) $ — $ (15) Non-controlling interests — (46) — (64) Total $ — $ (59) $ — $ (79) The net cash flows attributable to the operating, investing and financing activities of the discontinued operation for the six months ended June 30, 2024 and 2023 were as follows: Six Months Ended (US$ MILLIONS) 2024 2023 Operating cash flows $ — $ (62) Financing cash flows — (58) Investing cash flows — 197 Net cash flows $ — $ 77

OTHER ASSETS

OTHER ASSETS	6 Months Ended
OTHER ASSETS	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) $ 167 $ 167 Prepayments and other assets 342 305 Assets held for sale 15 17 Total current $ 524 $ 489 Non-current Prepayments and other assets $ 250 $ 248 Total non-current $ 250 $ 248 ____________________________________ (1) See Note 16 for additional information.

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT	6 Months Ended
PROPERTY, PLANT AND EQUIPMENT	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 $ 3,398 $ 4,810 Additions (cash and non-cash) 83 422 Dispositions (22) (1,785) Foreign currency translation and other (75) (49) Balance at end of period $ 3,384 $ 3,398 Accumulated depreciation and impairment Balance at beginning of period $ (655) $ (1,045) Depreciation and impairment expense (92) (317) Dispositions 18 705 Foreign currency translation and other 16 2 Balance at end of period $ (713) $ (655) Net book value (1) $ 2,671 $ 2,743 ____________________________________ (1) Includes right-of-use assets of $222 million as at June 30, 2024 (December 31, 2023: $245 million).

INTANGIBLE ASSETS

INTANGIBLE ASSETS	6 Months Ended
INTANGIBLE ASSETS	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 the twelve-month period ended December 31, 2023: (US$ MILLIONS) June 30, 2024 December 31, 2023 Gross carrying amount Balance at beginning of period $ 8,163 $ 10,693 Additions 121 409 Dispositions (1) (3,182) Acquisitions through business combinations 11 — Foreign currency translation (436) 243 Balance at end of period $ 7,858 $ 8,163 Accumulated amortization Balance at beginning of period $ (1,232) $ (1,398) Amortization and impairment expense (298) (711) Dispositions 1 929 Foreign currency translation 82 (52) Balance at end of period $ (1,447) $ (1,232) Net book value $ 6,411 $ 6,931 Included within intangible assets are customer relationship intangible assets pertaining to continuing relationships with many of the company’s customers that contribute to the revenues and cash flows generated by the company’s respective operations. The company has recognized customer relationships from the acquisition of its dealer software and technology services operation in 2022. These customer relationships were valued at the date of acquisition using a multi-period excess earnings approach and have a carrying value of $3.1 billion as at June 30, 2024 with a remaining useful life of 13 years.

GOODWILL

GOODWILL	6 Months Ended
GOODWILL	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 $ 5,702 $ 6,914 Acquisitions through business combinations 24 — Impairment losses — (599) Dispositions — (577) Foreign currency translation (26) (36) Balance at end of period $ 5,700 $ 5,702

EQUITY ACCOUNTED INVESTMENTS

EQUITY ACCOUNTED INVESTMENTS	6 Months Ended
EQUITY ACCOUNTED INVESTMENTS	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 the twelve-month period ended December 31, 2023: (US$ MILLIONS) June 30, 2024 December 31, 2023 Balance at beginning of period $ 222 $ 251 Dispositions — (17) Share of net income (loss) 3 4 Distributions received (10) (23) Foreign currency translation (7) 7 Balance at end of period $ 208 $ 222

ACCOUNTS PAYABLE AND OTHER

ACCOUNTS PAYABLE AND OTHER	6 Months Ended
ACCOUNTS PAYABLE AND OTHER	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 $ 868 $ 849 Accrued and other liabilities 750 545 Lease liabilities 37 43 Financial liabilities (1) 113 109 Work in progress (2) 514 481 Provisions and decommissioning liabilities 512 502 Liabilities associated with assets held for sale — 5 Total current $ 2,794 $ 2,534 Non-current Accounts payable $ 82 $ 84 Accrued and other liabilities 317 312 Lease liabilities 247 269 Financial liabilities (1) 1,357 1,378 Work in progress (2) 27 20 Provisions and decommissioning liabilities 206 221 Total non-current $ 2,236 $ 2,284 ____________________________________ (1) 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. (2)

CONTRACTS IN PROGRESS

CONTRACTS IN PROGRESS	6 Months Ended
CONTRACTS IN PROGRESS	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 $ 11,938 $ 13,272 Profit recognized to date (less recognized losses) (99) 117 $ 11,839 $ 13,389 Less: progress billings (12,213) (13,723) Contract work in progress (liability) $ (374) $ (334) Comprising: Amounts due from customers – work in progress $ 167 $ 167 Amounts due to customers – creditors (541) (501) Net work in progress $ (374) $ (334)

BORROWINGS

BORROWINGS	6 Months Ended
BORROWINGS	Jun. 30, 2024
Financial Instruments [Abstract]
BORROWINGS	BORROWINGS Current and non-current non-recourse borrowings in subsidiaries of the company as at June 30, 2024, net of deferred financing costs, premiums and discounts were $238 million and $8,094 million (December 31, 2023: $793 million and $8,030 million). Non-recourse borrowings in subsidiaries of the company include borrowings made under subscription facilities of Brookfield-sponsored private equity funds. The company has financing arrangements within its operating businesses that trade in public markets or are held at major financial institutions. The financing arrangements are primarily composed of term loans, credit facilities, and notes and debentures which are subject to fixed or floating 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 company’s operations are currently in compliance with all covenant requirements, and the company continues to work with its subsidiaries to monitor performance against such covenant requirements.

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	6 Months Ended
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	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 Brookfield Business Partners The following tables present the changes in accumulated other comprehensive income (loss) reserves attributable to Brookfield Business Partners for the six-month period ended June 30, 2024 and 2023: (US$ MILLIONS) Foreign currency Other (1) Accumulated other Balance as at January 1, 2024 $ (427) $ 62 $ (365) Other comprehensive income (loss) (63) 44 (19) Balance as at June 30, 2024 $ (490) $ 106 $ (384) ____________________________________ (1) Represents net investment hedges, cash flow hedges and other reserves. (US$ MILLIONS) Foreign currency Other (1) Accumulated other Balance as at January 1, 2023 $ (466) $ 131 $ (335) Other comprehensive income (loss) 13 (5) 8 Balance as at June 30, 2023 $ (453) $ 126 $ (327) ____________________________________ (1) Represents net investment hedges, cash flow hedges and other reserves.

DIRECT OPERATING COSTS

DIRECT OPERATING COSTS	6 Months Ended
DIRECT OPERATING COSTS	Jun. 30, 2024
Analysis of income and expense [abstract]
DIRECT OPERATING COSTS	DIRECT OPERATING COSTS The company has no key employees or directors and does not remunerate key management personnel. Key decision makers of the company are all employees of the ultimate parent company or its subsidiaries, which provide management services under the Master Services Agreement with Brookfield (“Master Services Agreement”). Details of the allocations of costs incurred by Brookfield on behalf of the company are disclosed in Note 22. 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 $ 123 $ 129 $ 245 $ 262 Subcontractor and consultant costs 782 589 1,379 1,140 Concession construction materials and labor costs 38 85 78 160 Depreciation and amortization expense 194 188 390 374 Compensation 463 440 902 867 Other direct costs 260 238 518 482 Total $ 1,860 $ 1,669 $ 3,512 $ 3,285 Other direct costs include freight, cost of construction expensed and expected credit loss provisions on financial assets.

REVENUES

REVENUES	6 Months Ended
REVENUES	Jun. 30, 2024
Revenue [abstract]
REVENUES	REVENUES (a) Timing of recognition of revenues from contracts with customers The following table summarizes the company’s revenues by timing of revenue recognition for the total revenues from contracts with customers for the three and six months ended June 30, 2024 and 2023. Three Months Ended June 30, Six Months Ended (US$ MILLIONS) 2024 2023 2024 2023 Timing of revenue recognition Goods and services provided at a point in time $ 714 $ 711 $ 1,428 $ 1,419 Services transferred over a period of time 1,215 1,196 2,366 2,353 Total revenues from contracts with customers 1,929 1,907 3,794 3,772 Other revenues — 1 — 1 Total revenues $ 1,929 $ 1,908 $ 3,794 $ 3,773 (b) Revenues by geography The following table summarizes the company ’s total revenues by geography for the three and six months ended June 30, 2024 and June 30, 2023: Three Months Ended June 30, Six Months Ended (US$ MILLIONS) 2024 2023 2024 2023 United Kingdom $ 250 $ 235 $ 463 $ 412 United States of America 299 429 753 883 Australia 1,118 928 2,037 1,874 Canada 60 69 130 135 Brazil 197 243 403 462 Other 5 4 8 7 Total revenues $ 1,929 $ 1,908 $ 3,794 $ 3,773

EQUITY

EQUITY	6 Months Ended
EQUITY	Jun. 30, 2024
Share Capital, Reserves and Other Equity Interest [Abstract]
EQUITY	EXCHANGEABLE SHARES, CLASS B SHARES AND CLASS C SHARES The exchangeable shares and the class B shares are classified as liabilities due to their exchangeable and cash redemption features. Upon issuance, the exchangeable shares and the class B shares were recognized at their fair values. Subsequent to initial recognition, the exchangeable shares and the class B shares are recognized at amortized cost and remeasured to reflect changes in the contractual cash flows associated with the shares. These contractual cash flows are based on the price of one LP Unit. During the six months ended June 30, 2024, 3 exchangeable shares were exchanged into LP Units ( June 30, 2023: 622). As at June 30, 2024, the exchangeable shares and the class B shares were remeasured to reflect the closing price of one LP Unit, which was valued at $18.85 per unit. Remeasurement gains or losses associated with the exchangeable shares and class B shares are recorded in remeasurement of exchangeable and class B shares in the unaudited interim condensed consolidated statements of operating results. During the six months ended June 30, 2024, $9 million of dividends (June 30, 2023: $9 million of dividends) were declared on the outstanding exchangeable shares of the company and included in interest income (expense), net in the unaudited interim condensed consolidated statements of operating results. The following table provides a continuity schedule of outstanding exchangeable shares, and the class B shares, along with the carrying value of the corresponding liability and remeasurement gains and losses: (US$ MILLIONS, except as noted) Exchangeable shares outstanding (Shares) Class B shares outstanding (Shares) Exchangeable shares and class B shares Balance as at January 1, 2024 72,954,450 1 $ 1,501 Shares exchanged to LP Units (3) — — Remeasurement (gains) losses — — (126) Balance as at June 30, 2024 72,954,447 1 $ 1,375 Similar to the exchangeable shares and class B shares, the class C shares are classified as liabilities due to their cash redemption feature. However, the class C shares, the most subordinated class of all the company’s classes of common shares, meet certain qualifying criteria and are presented as equity instruments given the narrow scope presentation exceptions existing in IAS 32. Refer to Note 21 for further details related to class C shares. The following table provides a continuity of the company’s outstanding equity for the six-month period ended June 30, 2024: Class C shares (US$ MILLIONS, except as noted) Shares outstanding (Shares) Share capital Balance as at January 1, 2024 25,934,120 $ 737 Balance as at June 30, 2024 25,934,120 $ 737 The company’s share capital is comprised of exchangeable shares, class B shares and class C shares. Due to the exchange feature of the exchangeable shares and the cash redemption feature of the class B and class C shares, the exchangeable shares, the class B shares, and the class C shares are classified as financial liabilities. However, the class C shares, the most subordinated of all of the company’s classes of common shares, meet certain qualifying criteria and are presented as equity instruments given the narrow scope presentation exceptions existing in IAS 32. Refer to Note 5 for further details related to the exchangeable shares and the class B shares.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	6 Months Ended
RELATED PARTY TRANSACTIONS	Jun. 30, 2024
Related Party [Abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS In the normal course of operations, the company entered into the transactions below with related parties. The ultimate parent of the company is Brookfield Corporation. Other related parties of the company represent Brookfield Corporation’s subsidiaries and operating entities. Pursuant to the Master Services Agreement, on a quarterly basis, the company 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 Brookfield Business Partners. For purposes of calculating the Base Management Fee, the total capitalization of Brookfield Business Partners 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 exchangeable shares) that are not held by Brookfield Business Partners, plus all outstanding debt with recourse to a service recipient, less all cash held by such entities. The company is responsible for paying its proportionate share of the total Base Management Fee in connection with the Master Services Agreement. The Base Management Fee attributable to the company for the three and six month period ended June 30, 2024 was $6 million and $12 million, respectively (June 30, 2023: $5 million and $9 million, respectively). The expense related to the services received under the Master Services Agreement has been recorded as part of general and administrative expenses in the unaudited interim condensed consolidated statements of operating results. An integral part of the company’s strategy is to participate with institutional investors in Brookfield-sponsored private equity funds that target acquisitions that suit the company’s investment mandate. In the normal course of business, the group and institutional investors have made commitments to Brookfield-sponsored private equity funds, and in connection therewith, the group, 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 group’s best interests. In addition, Brookfield has entered into indemnity agreements with the company related to certain contracts that were in place prior to the creation of Brookfield Business Partners. Under these indemnity agreements, Brookfield has agreed to indemnify or refund the company, as appropriate, for the receipt of payments relating to such contracts. The company’s construction operation is involved in legal proceedings related to legacy projects in the Middle East which predates the special distribution and the partnership’s spin-off from Brookfield. Brookfield has agreed to indemnify the company for certain legacy projects in the Middle East and during the three months ended June 30, 2024, the company drew on the indemnity agreement for a receivable related to this project. 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 (including subsidiaries of the company). Brookfield will have the right to cause the company or Brookfield Business Partners to redeem the preferred securities at par plus accrued and unpaid dividends to the extent of any net proceeds received by the company or Brookfield Business Partners from the issuance of equity, incurrence of indebtedness or sale of assets. Brookfield has the right to waive its redemption option. As at June 30, 2024, the amount subscribed from the company was $nil (December 31, 2023: $nil) and the amount subscribed from Brookfield Business Partners was $725 million (December 31, 2023: $725 million). The remaining capacity available on the commitment agreement with Brookfield is $25 million. The company entered into two credit agreements with Brookfield Business Partners, one as borrower and one as lender, each providing for a 10-year revolving $1 billion credit facility to facilitate the movement of cash within the group. The credit facility permits the company to borrow up to $1 billion from Brookfield Business Partners and the other permits Brookfield Business Partners to borrow up to $1 billion from the company. Each credit facility contemplates potential deposit arrangements pursuant to which the lender thereunder would, with the consent of the borrower, deposit funds on a demand basis. As at June 30, 2024, the amount outstanding on deposit is $274 million payable to Brookfield Business Partners included in accounts payable and other (December 31, 2023: $135 million receivable from Brookfield Business Partners). Brookfield Business Partners provided the company an equity commitment in the amount of $2 billion. The equity commitment may be called by the company in exchange for the issuance of a number of class C shares or preferred shares, as the case may be, to Brookfield Business Partners, corresponding to the amount of the equity commitment called divided (i) in the case of a subscription for class C shares, by the volume-weighted average of the trading price for one exchangeable share on the principal stock exchange on which the exchangeable shares are listed for the five (5) days immediately preceding the date of the call, and (ii) in the case of a subscription for preferred shares, by $25.00 per share. The equity commitment will be available in minimum amounts of $10 million and the amount available under the equity commitment will be reduced permanently by the amount so called. Before funds may be called on the equity commitment, a number of conditions precedent must be met, including that Brookfield Business Partners continues to control the company and has the ability to elect a majority of the Board of Directors. From time to time, Brookfield may place funds on deposit with Brookfield Business Partners and the company, on terms approved by the independent directors of the company. Interest earned or incurred on such deposits is at market terms. As at June 30, 2024, the deposit from Brookfield was $nil (December 31, 2023: $nil) and the company incurred interest expense of $nil for the three and six months ended June 30, 2024 on these deposits (June 30, 2023: $nil). A wholly-owned subsidiary of the company fully and unconditionally guaranteed the obligations of Brookfield Business Partners under Brookfield Business Partners’ $2.35 billion bilateral credit facilities with global banks and its $1 billion revolving acquisition credit facility with Brookfield. As at June 30, 2024, the company had a loan receivable of $1.1 billion from Brookfield Business Partners in connection with the proceeds received from the disposition of the company’s nuclear technology services operation. The loan receivable is non-interest bearing and is due on demand and included in accounts and other receivable, net. Inclusive of those described above, the following table summarizes the transactions the company has entered into with related parties and balances the company has entered into for the three and six month periods ended June 30, 2024 and 2023: Three Months Ended Six Months Ended (US$ MILLIONS) 2024 2023 2024 2023 Transactions during the period Revenues (1) $ 54 $ 6 $ 81 $ 53 ____________________________________ (1) The company provides construction services to affiliates of Brookfield. (US$ MILLIONS) June 30, 2024 December 31, 2023 Balances at end of period: Accounts and other receivable, net $ 1,432 $ 1,376 Accounts payable and other 276 23 Non-recourse borrowings in subsidiaries of the company 44 68

DERIVATIVE FINANCIAL INSTRUMENT

DERIVATIVE FINANCIAL INSTRUMENTS	6 Months Ended
DERIVATIVE FINANCIAL INSTRUMENTS	Jun. 30, 2024
Financial Instruments [Abstract]
DERIVATIVE FINANCIAL INSTRUMENTS	DERIVATIVE FINANCIAL INSTRUMENTS The company’s activities expose it to a variety of financial risks, including market risk (currency risk and interest rate risk) and liquidity risk. The company and its subsidiaries selectively use derivative financial instruments principally to manage these risks. The aggregate fair values of the company’s derivative financial instruments are as follows: June 30, 2024 December 31, 2023 (US$ MILLIONS) Financial Assets Financial Liabilities Financial Assets Financial Liabilities Foreign exchange contracts $ 62 $ (35) $ 1 $ (41) Cross currency swaps 19 (15) — (3) Interest rate derivatives 93 (2) 54 (4) Total $ 174 $ (52) $ 55 $ (48) Total current $ 5 $ (18) $ 10 $ (5) Total non-current $ 169 $ (34) $ 45 $ (43)

SUPPLEMENTAL CASH FLOW INFORMAT

SUPPLEMENTAL CASH FLOW INFORMATION	6 Months Ended
SUPPLEMENTAL CASH FLOW INFORMATION	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) $ 353 $ 467 Net income taxes paid (received) 50 70 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 $ (101) $ (104) Inventory (5) (73) Prepayments and other (111) (195) Accounts payable and other 120 58 Changes in non-cash working capital, net $ (97) $ (314)

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
SUBSEQUENT EVENTS	Jun. 30, 2024
Events After Reporting Period [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS (a) Dividend On August 1, 2024, the Board of Directors declared a quarterly dividend in the amount of $0.0625 per exchangeable share, payable on September 27, 2024 to shareholders of record as at the close of business on August 30, 2024.

MATERIAL ACCOUNTING POLICY IN_2

MATERIAL ACCOUNTING POLICY INFORMATION (Policies)	6 Months Ended
MATERIAL ACCOUNTING POLICY INFORMATION (Policies)	Jun. 30, 2024
Corporate information and statement of IFRS compliance [abstract]
Basis of presentation	Basis of presentation These unaudited interim condensed consolidated financial statements should be read in conjunction with the company’s December 31, 2023 audited financial statements. The unaudited interim condensed consolidated financial statements have been prepared on a basis consistent with the accounting policies disclosed in Note 2 of the December 31, 2023 audited financial statements, unless otherwise noted. The results reported in these unaudited interim condensed consolidated financial statements should not be regarded as necessarily indicative of results that may be expected for an entire year. The policies set out below are consistently applied to all periods presented, unless otherwise noted. All figures are presented in millions of U.S. dollars, unless otherwise noted. The unaudited interim condensed consolidated financial statements have been prepared on the basis of historical cost except for certain financial instruments measured at fair value. Cost is recorded based on the fair value of the consideration given in exchange for assets. (i) Global minimum top-up tax The company operates in countries, including Canada, which have enacted new legislation to implement the global minimum top-up tax, effective from January 1, 2024. The company 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 company.
Consolidation	Consolidation These unaudited interim condensed consolidated financial statements include the accounts of the company and its subsidiaries, which are the entities over which the company has control. An investor controls an investee when it is exposed, or has rights, to variable returns from its involvement with the investee and has the ability to affect those returns through its power over the investee. Non-controlling interests in the equity of the company’s subsidiaries are shown separately in equity in the unaudited interim condensed consolidated statements of financial position.
Earnings per share	Earnings per Share
New accounting policies adopted	New accounting policies adopted The company has applied certain 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 company adopted these amendments on January 1, 2024 and the adoption did not have a material impact on the company’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 company.

FAIR VALUE OF FINANCIAL INSTR_2

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	6 Months Ended
FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	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 $ — $ — $ 754 $ 754 Accounts and other receivable, net (current and non-current) — — 3,335 3,335 Financial assets (current and non-current) (1) 10 174 140 324 Total $ 10 $ 174 $ 4,229 $ 4,413 Financial liabilities Accounts payable and other (current and non-current) (1) (2) $ — $ 52 $ 3,564 $ 3,616 Non-recourse borrowings in subsidiaries of the company (current and non-current) — — 8,332 8,332 Exchangeable and class B shares (3) — — 1,375 1,375 Total $ — $ 52 $ 13,271 $ 13,323 ____________________________________ (1) FVOCI includes derivative assets and liabilities designated in hedge accounting relationships. Refer to Hedging Activities in Note 3(a) below. (2) Includes derivative liabilities and excludes liabilities associated with assets held for sale, provisions, decommissioning liabilities, deferred revenue, work in progress, post-employment benefits and other liabilities of $1,414 million. (3) Class C shares are also classified as financial liabilities due to their cash redemption feature, however, these shares meet certain qualifying criteria and are therefore presented as equity instruments in accordance with IAS 32. See Note 21 for additional information . The following table provides the details of financial instruments and their associated financial instrument classifications as at December 31, 2023: (US$ MILLIONS) MEASUREMENT BASIS FVTPL FVOCI Amortized cost Total Financial assets Cash and cash equivalents $ — $ — $ 772 $ 772 Accounts and other receivable, net (current and non-current) — — 3,569 3,569 Financial assets (current and non-current) (1) 9 55 160 224 Total $ 9 $ 55 $ 4,501 $ 4,565 Financial liabilities Accounts payable and other (1) (2) $ — $ 48 $ 3,386 $ 3,434 Non-recourse borrowings in subsidiaries of the company (current and non-current) — — 8,823 8,823 Exchangeable and class B shares (3) — — 1,501 1,501 Total $ — $ 48 $ 13,710 $ 13,758 ____________________________________ (1) FVOCI includes derivative assets and liabilities designated in hedge accounting relationships. Refer to Hedging Activities in Note 3(a) below. (2) Includes derivative liabilities and excludes liabilities associated with assets held for sale, provisions, decommissioning liabilities, deferred revenue, work in progress, post-employment benefits and other liabilities of $1,384 million. (3) Class C shares are also classified as financial liabilities due to their cash redemption feature, however, these shares meet certain qualifying criteria and are therefore presented as equity instruments in accordance with IAS 32. See Note 21 for additional information. (US$ MILLIONS) June 30, 2024 December 31, 2023 Current Restricted cash 45 52 Derivative assets 5 10 Other financial assets — 15 Total current $ 50 $ 77 Non-current Restricted cash 24 25 Derivative assets 169 45 Loans and notes receivable 71 68 Other financial assets 10 9 Total non-current $ 274 $ 147 (US$ MILLIONS) June 30, 2024 December 31, 2023 Current, net $ 1,364 $ 1,352 Non-current, net Accounts receivable 77 283 Retainer on customer contract 77 70 Billing rights 668 733 Loan receivable from Brookfield Business Partners (1) 1,149 1,131 Total non-current, net $ 1,971 $ 2,217 Total $ 3,335 $ 3,569 ____________________________________ (1) See Note 22 for additional information. The aggregate fair values of the company’s derivative financial instruments are as follows: June 30, 2024 December 31, 2023 (US$ MILLIONS) Financial Assets Financial Liabilities Financial Assets Financial Liabilities Foreign exchange contracts $ 62 $ (35) $ 1 $ (41) Cross currency swaps 19 (15) — (3) Interest rate derivatives 93 (2) 54 (4) Total $ 174 $ (52) $ 55 $ (48) Total current $ 5 $ (18) $ 10 $ (5) Total non-current $ 169 $ (34) $ 45 $ (43)
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 $ — $ — $ 754 $ 754 Accounts and other receivable, net (current and non-current) — — 3,335 3,335 Financial assets (current and non-current) (1) 10 174 140 324 Total $ 10 $ 174 $ 4,229 $ 4,413 Financial liabilities Accounts payable and other (current and non-current) (1) (2) $ — $ 52 $ 3,564 $ 3,616 Non-recourse borrowings in subsidiaries of the company (current and non-current) — — 8,332 8,332 Exchangeable and class B shares (3) — — 1,375 1,375 Total $ — $ 52 $ 13,271 $ 13,323 ____________________________________ (1) FVOCI includes derivative assets and liabilities designated in hedge accounting relationships. Refer to Hedging Activities in Note 3(a) below. (2) Includes derivative liabilities and excludes liabilities associated with assets held for sale, provisions, decommissioning liabilities, deferred revenue, work in progress, post-employment benefits and other liabilities of $1,414 million. (3) Class C shares are also classified as financial liabilities due to their cash redemption feature, however, these shares meet certain qualifying criteria and are therefore presented as equity instruments in accordance with IAS 32. See Note 21 for additional information . The following table provides the details of financial instruments and their associated financial instrument classifications as at December 31, 2023: (US$ MILLIONS) MEASUREMENT BASIS FVTPL FVOCI Amortized cost Total Financial assets Cash and cash equivalents $ — $ — $ 772 $ 772 Accounts and other receivable, net (current and non-current) — — 3,569 3,569 Financial assets (current and non-current) (1) 9 55 160 224 Total $ 9 $ 55 $ 4,501 $ 4,565 Financial liabilities Accounts payable and other (1) (2) $ — $ 48 $ 3,386 $ 3,434 Non-recourse borrowings in subsidiaries of the company (current and non-current) — — 8,823 8,823 Exchangeable and class B shares (3) — — 1,501 1,501 Total $ — $ 48 $ 13,710 $ 13,758 ____________________________________ (1) FVOCI includes derivative assets and liabilities designated in hedge accounting relationships. Refer to Hedging Activities in Note 3(a) below. (2) Includes derivative liabilities and excludes liabilities associated with assets held for sale, provisions, decommissioning liabilities, deferred revenue, work in progress, post-employment benefits and other liabilities of $1,384 million. (3) Class C shares are also classified as financial liabilities due to their cash redemption feature, however, these shares meet certain qualifying criteria and are therefore presented as equity instruments in accordance with IAS 32. See Note 21 for additional information. The aggregate fair values of the company’s derivative financial instruments are as follows: June 30, 2024 December 31, 2023 (US$ MILLIONS) Financial Assets Financial Liabilities Financial Assets Financial Liabilities Foreign exchange contracts $ 62 $ (35) $ 1 $ (41) Cross currency swaps 19 (15) — (3) Interest rate derivatives 93 (2) 54 (4) Total $ 174 $ (52) $ 55 $ (48) Total current $ 5 $ (18) $ 10 $ (5) Total non-current $ 169 $ (34) $ 45 $ (43)
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 1 Level 2 Financial assets Derivative assets — 174 — 55 Other financial assets 10 — 9 — $ 10 $ 174 $ 9 $ 55 Financial liabilities Derivative liabilities $ — $ 52 $ — $ 48 $ — $ 52 $ — $ 48
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 1 Level 2 Financial assets Derivative assets — 174 — 55 Other financial assets 10 — 9 — $ 10 $ 174 $ 9 $ 55 Financial liabilities Derivative liabilities $ — $ 52 $ — $ 48 $ — $ 52 $ — $ 48

FINANCIAL ASSETS (Tables)

FINANCIAL ASSETS (Tables)	6 Months Ended
FINANCIAL ASSETS (Tables)	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 $ — $ — $ 754 $ 754 Accounts and other receivable, net (current and non-current) — — 3,335 3,335 Financial assets (current and non-current) (1) 10 174 140 324 Total $ 10 $ 174 $ 4,229 $ 4,413 Financial liabilities Accounts payable and other (current and non-current) (1) (2) $ — $ 52 $ 3,564 $ 3,616 Non-recourse borrowings in subsidiaries of the company (current and non-current) — — 8,332 8,332 Exchangeable and class B shares (3) — — 1,375 1,375 Total $ — $ 52 $ 13,271 $ 13,323 ____________________________________ (1) FVOCI includes derivative assets and liabilities designated in hedge accounting relationships. Refer to Hedging Activities in Note 3(a) below. (2) Includes derivative liabilities and excludes liabilities associated with assets held for sale, provisions, decommissioning liabilities, deferred revenue, work in progress, post-employment benefits and other liabilities of $1,414 million. (3) Class C shares are also classified as financial liabilities due to their cash redemption feature, however, these shares meet certain qualifying criteria and are therefore presented as equity instruments in accordance with IAS 32. See Note 21 for additional information . The following table provides the details of financial instruments and their associated financial instrument classifications as at December 31, 2023: (US$ MILLIONS) MEASUREMENT BASIS FVTPL FVOCI Amortized cost Total Financial assets Cash and cash equivalents $ — $ — $ 772 $ 772 Accounts and other receivable, net (current and non-current) — — 3,569 3,569 Financial assets (current and non-current) (1) 9 55 160 224 Total $ 9 $ 55 $ 4,501 $ 4,565 Financial liabilities Accounts payable and other (1) (2) $ — $ 48 $ 3,386 $ 3,434 Non-recourse borrowings in subsidiaries of the company (current and non-current) — — 8,823 8,823 Exchangeable and class B shares (3) — — 1,501 1,501 Total $ — $ 48 $ 13,710 $ 13,758 ____________________________________ (1) FVOCI includes derivative assets and liabilities designated in hedge accounting relationships. Refer to Hedging Activities in Note 3(a) below. (2) Includes derivative liabilities and excludes liabilities associated with assets held for sale, provisions, decommissioning liabilities, deferred revenue, work in progress, post-employment benefits and other liabilities of $1,384 million. (3) Class C shares are also classified as financial liabilities due to their cash redemption feature, however, these shares meet certain qualifying criteria and are therefore presented as equity instruments in accordance with IAS 32. See Note 21 for additional information. (US$ MILLIONS) June 30, 2024 December 31, 2023 Current Restricted cash 45 52 Derivative assets 5 10 Other financial assets — 15 Total current $ 50 $ 77 Non-current Restricted cash 24 25 Derivative assets 169 45 Loans and notes receivable 71 68 Other financial assets 10 9 Total non-current $ 274 $ 147 (US$ MILLIONS) June 30, 2024 December 31, 2023 Current, net $ 1,364 $ 1,352 Non-current, net Accounts receivable 77 283 Retainer on customer contract 77 70 Billing rights 668 733 Loan receivable from Brookfield Business Partners (1) 1,149 1,131 Total non-current, net $ 1,971 $ 2,217 Total $ 3,335 $ 3,569 ____________________________________ (1) See Note 22 for additional information. The aggregate fair values of the company’s derivative financial instruments are as follows: June 30, 2024 December 31, 2023 (US$ MILLIONS) Financial Assets Financial Liabilities Financial Assets Financial Liabilities Foreign exchange contracts $ 62 $ (35) $ 1 $ (41) Cross currency swaps 19 (15) — (3) Interest rate derivatives 93 (2) 54 (4) Total $ 174 $ (52) $ 55 $ (48) Total current $ 5 $ (18) $ 10 $ (5) Total non-current $ 169 $ (34) $ 45 $ (43)

EXCHANGEABLE SHARES, CLASS B _2

EXCHANGEABLE SHARES, CLASS B SHARES AND CLASS C SHARES (Tables)	6 Months Ended
	Jun. 30, 2024
Equity [abstract]
Disclosure of outstanding common equity	The following table provides a continuity schedule of outstanding exchangeable shares, and the class B shares, along with the carrying value of the corresponding liability and remeasurement gains and losses: (US$ MILLIONS, except as noted) Exchangeable shares outstanding (Shares) Class B shares outstanding (Shares) Exchangeable shares and class B shares Balance as at January 1, 2024 72,954,450 1 $ 1,501 Shares exchanged to LP Units (3) — — Remeasurement (gains) losses — — (126) Balance as at June 30, 2024 72,954,447 1 $ 1,375 The following table provides a continuity of the company’s outstanding equity for the six-month period ended June 30, 2024: Class C shares (US$ MILLIONS, except as noted) Shares outstanding (Shares) Share capital Balance as at January 1, 2024 25,934,120 $ 737 Balance as at June 30, 2024 25,934,120 $ 737

ACCOUNTS AND OTHER RECEIVABLE_2

ACCOUNTS AND OTHER RECEIVABLE, NET (Tables)	6 Months Ended
ACCOUNTS AND OTHER RECEIVABLE, NET (Tables)	Jun. 30, 2024
Subclassifications of assets, liabilities and equities [abstract]
Disclosure of accounts and other receivables, net	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 $ — $ — $ 754 $ 754 Accounts and other receivable, net (current and non-current) — — 3,335 3,335 Financial assets (current and non-current) (1) 10 174 140 324 Total $ 10 $ 174 $ 4,229 $ 4,413 Financial liabilities Accounts payable and other (current and non-current) (1) (2) $ — $ 52 $ 3,564 $ 3,616 Non-recourse borrowings in subsidiaries of the company (current and non-current) — — 8,332 8,332 Exchangeable and class B shares (3) — — 1,375 1,375 Total $ — $ 52 $ 13,271 $ 13,323 ____________________________________ (1) FVOCI includes derivative assets and liabilities designated in hedge accounting relationships. Refer to Hedging Activities in Note 3(a) below. (2) Includes derivative liabilities and excludes liabilities associated with assets held for sale, provisions, decommissioning liabilities, deferred revenue, work in progress, post-employment benefits and other liabilities of $1,414 million. (3) Class C shares are also classified as financial liabilities due to their cash redemption feature, however, these shares meet certain qualifying criteria and are therefore presented as equity instruments in accordance with IAS 32. See Note 21 for additional information . The following table provides the details of financial instruments and their associated financial instrument classifications as at December 31, 2023: (US$ MILLIONS) MEASUREMENT BASIS FVTPL FVOCI Amortized cost Total Financial assets Cash and cash equivalents $ — $ — $ 772 $ 772 Accounts and other receivable, net (current and non-current) — — 3,569 3,569 Financial assets (current and non-current) (1) 9 55 160 224 Total $ 9 $ 55 $ 4,501 $ 4,565 Financial liabilities Accounts payable and other (1) (2) $ — $ 48 $ 3,386 $ 3,434 Non-recourse borrowings in subsidiaries of the company (current and non-current) — — 8,823 8,823 Exchangeable and class B shares (3) — — 1,501 1,501 Total $ — $ 48 $ 13,710 $ 13,758 ____________________________________ (1) FVOCI includes derivative assets and liabilities designated in hedge accounting relationships. Refer to Hedging Activities in Note 3(a) below. (2) Includes derivative liabilities and excludes liabilities associated with assets held for sale, provisions, decommissioning liabilities, deferred revenue, work in progress, post-employment benefits and other liabilities of $1,384 million. (3) Class C shares are also classified as financial liabilities due to their cash redemption feature, however, these shares meet certain qualifying criteria and are therefore presented as equity instruments in accordance with IAS 32. See Note 21 for additional information. (US$ MILLIONS) June 30, 2024 December 31, 2023 Current Restricted cash 45 52 Derivative assets 5 10 Other financial assets — 15 Total current $ 50 $ 77 Non-current Restricted cash 24 25 Derivative assets 169 45 Loans and notes receivable 71 68 Other financial assets 10 9 Total non-current $ 274 $ 147 (US$ MILLIONS) June 30, 2024 December 31, 2023 Current, net $ 1,364 $ 1,352 Non-current, net Accounts receivable 77 283 Retainer on customer contract 77 70 Billing rights 668 733 Loan receivable from Brookfield Business Partners (1) 1,149 1,131 Total non-current, net $ 1,971 $ 2,217 Total $ 3,335 $ 3,569 ____________________________________ (1) See Note 22 for additional information. The aggregate fair values of the company’s derivative financial instruments are as follows: June 30, 2024 December 31, 2023 (US$ MILLIONS) Financial Assets Financial Liabilities Financial Assets Financial Liabilities Foreign exchange contracts $ 62 $ (35) $ 1 $ (41) Cross currency swaps 19 (15) — (3) Interest rate derivatives 93 (2) 54 (4) Total $ 174 $ (52) $ 55 $ (48) Total current $ 5 $ (18) $ 10 $ (5) Total non-current $ 169 $ (34) $ 45 $ (43)

INVENTORY, NET (Tables)

INVENTORY, NET (Tables)	6 Months Ended
INVENTORY, NET (Tables)	Jun. 30, 2024
Inventories [Abstract]
Disclosure of inventories	(US$ MILLIONS) June 30, 2024 December 31, 2023 Raw materials and consumables $ 49 $ 52 Finished goods and other 14 9 Carrying amount of inventories $ 63 $ 61

DISCONTINUED OPERATIONS (Tables

DISCONTINUED OPERATIONS (Tables)	6 Months Ended
DISCONTINUED OPERATIONS (Tables)	Jun. 30, 2024
Non-current Assets Held For Sale And Discontinued Operations [Abstract]
Disclosure of analysis of single amount of discontinued operations	Operating results of the discontinued operation for the three and six months ended June 30, 2024 and 2023 were as follows: Three Months Ended Six Months Ended June 30, (US$ MILLIONS) 2024 2023 2024 2023 Revenues $ — $ 1,006 $ — $ 2,062 Direct operating costs — (897) — (1,832) General and administrative expenses — (54) — (100) Interest expense, net — (74) — (141) Equity accounted income (loss) — 1 — — Gain on acquisitions/dispositions, net — — — 14 Other income (expenses), net — (26) — (45) Income (loss) before income tax — (44) — (42) Current and deferred taxes — 7 — 2 Net income (loss) from discontinued operations $ — $ (37) $ — $ (40) Net income (loss) attributable to Brookfield Business Partners and non-controlling interests for the three and six months ended June 30, 2024 and 2023 were as follows: Three Months Ended Six Months Ended June 30, (US$ MILLIONS) 2024 2023 2024 2023 Income (loss) from continuing operations attributable to: Brookfield Business Partners $ 124 $ 116 $ (26) $ (27) Non-controlling interests (84) 79 (108) 40 Total $ 40 $ 195 $ (134) $ 13 Income (loss) from discontinued operations attributable to: Brookfield Business Partners $ — $ (8) $ — $ (5) Non-controlling interests — (29) — (35) Total $ — $ (37) $ — $ (40) Comprehensive income (loss) attributable to Brookfield Business Partners and non-controlling interests for the three and six months ended June 30, 2024 and 2023 were as follows: Three Months Ended Six Months Ended June 30, (US$ MILLIONS) 2024 2023 2024 2023 Comprehensive income (loss) from continuing operations attributable to: Brookfield Business Partners $ 127 $ 151 $ (45) $ (9) Non-controlling interests (114) 156 (163) 94 Total $ 13 $ 307 $ (208) $ 85 Comprehensive income (loss) from discontinued operations attributable to: Brookfield Business Partners $ — $ (13) $ — $ (15) Non-controlling interests — (46) — (64) Total $ — $ (59) $ — $ (79) The net cash flows attributable to the operating, investing and financing activities of the discontinued operation for the six months ended June 30, 2024 and 2023 were as follows: Six Months Ended (US$ MILLIONS) 2024 2023 Operating cash flows $ — $ (62) Financing cash flows — (58) Investing cash flows — 197 Net cash flows $ — $ 77

OTHER ASSETS (Tables)

OTHER ASSETS (Tables)	6 Months Ended
OTHER ASSETS (Tables)	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) $ 167 $ 167 Prepayments and other assets 342 305 Assets held for sale 15 17 Total current $ 524 $ 489 Non-current Prepayments and other assets $ 250 $ 248 Total non-current $ 250 $ 248 ____________________________________ (1) See Note 16 for additional information.

PROPERTY, PLANT AND EQUIPMENT (

PROPERTY, PLANT AND EQUIPMENT (Tables)	6 Months Ended
PROPERTY, PLANT AND EQUIPMENT (Tables)	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 $ 3,398 $ 4,810 Additions (cash and non-cash) 83 422 Dispositions (22) (1,785) Foreign currency translation and other (75) (49) Balance at end of period $ 3,384 $ 3,398 Accumulated depreciation and impairment Balance at beginning of period $ (655) $ (1,045) Depreciation and impairment expense (92) (317) Dispositions 18 705 Foreign currency translation and other 16 2 Balance at end of period $ (713) $ (655) Net book value (1) $ 2,671 $ 2,743 ____________________________________ (1) Includes right-of-use assets of $222 million as at June 30, 2024 (December 31, 2023: $245 million).

INTANGIBLE ASSETS (Tables)

INTANGIBLE ASSETS (Tables)	6 Months Ended
INTANGIBLE ASSETS (Tables)	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 the twelve-month period ended December 31, 2023: (US$ MILLIONS) June 30, 2024 December 31, 2023 Gross carrying amount Balance at beginning of period $ 8,163 $ 10,693 Additions 121 409 Dispositions (1) (3,182) Acquisitions through business combinations 11 — Foreign currency translation (436) 243 Balance at end of period $ 7,858 $ 8,163 Accumulated amortization Balance at beginning of period $ (1,232) $ (1,398) Amortization and impairment expense (298) (711) Dispositions 1 929 Foreign currency translation 82 (52) Balance at end of period $ (1,447) $ (1,232) Net book value $ 6,411 $ 6,931 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 $ 5,702 $ 6,914 Acquisitions through business combinations 24 — Impairment losses — (599) Dispositions — (577) Foreign currency translation (26) (36) Balance at end of period $ 5,700 $ 5,702

GOODWILL (Tables)

GOODWILL (Tables)	6 Months Ended
GOODWILL (Tables)	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 the twelve-month period ended December 31, 2023: (US$ MILLIONS) June 30, 2024 December 31, 2023 Gross carrying amount Balance at beginning of period $ 8,163 $ 10,693 Additions 121 409 Dispositions (1) (3,182) Acquisitions through business combinations 11 — Foreign currency translation (436) 243 Balance at end of period $ 7,858 $ 8,163 Accumulated amortization Balance at beginning of period $ (1,232) $ (1,398) Amortization and impairment expense (298) (711) Dispositions 1 929 Foreign currency translation 82 (52) Balance at end of period $ (1,447) $ (1,232) Net book value $ 6,411 $ 6,931 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 $ 5,702 $ 6,914 Acquisitions through business combinations 24 — Impairment losses — (599) Dispositions — (577) Foreign currency translation (26) (36) Balance at end of period $ 5,700 $ 5,702

EQUITY ACCOUNTED INVESTMENTS (T

EQUITY ACCOUNTED INVESTMENTS (Tables)	6 Months Ended
EQUITY ACCOUNTED INVESTMENTS (Tables)	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 the twelve-month period ended December 31, 2023: (US$ MILLIONS) June 30, 2024 December 31, 2023 Balance at beginning of period $ 222 $ 251 Dispositions — (17) Share of net income (loss) 3 4 Distributions received (10) (23) Foreign currency translation (7) 7 Balance at end of period $ 208 $ 222

ACCOUNTS PAYABLE AND OTHER (Tab

ACCOUNTS PAYABLE AND OTHER (Tables)	6 Months Ended
ACCOUNTS PAYABLE AND OTHER (Tables)	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 $ 868 $ 849 Accrued and other liabilities 750 545 Lease liabilities 37 43 Financial liabilities (1) 113 109 Work in progress (2) 514 481 Provisions and decommissioning liabilities 512 502 Liabilities associated with assets held for sale — 5 Total current $ 2,794 $ 2,534 Non-current Accounts payable $ 82 $ 84 Accrued and other liabilities 317 312 Lease liabilities 247 269 Financial liabilities (1) 1,357 1,378 Work in progress (2) 27 20 Provisions and decommissioning liabilities 206 221 Total non-current $ 2,236 $ 2,284 ____________________________________ (1) 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. (2)

CONTRACTS IN PROGRESS (Tables)

CONTRACTS IN PROGRESS (Tables)	6 Months Ended
CONTRACTS IN PROGRESS (Tables)	Jun. 30, 2024
Construction Contracts [Abstract]
Disclosure of contracts in progress	(US$ MILLIONS) June 30, 2024 December 31, 2023 Contract costs incurred to date $ 11,938 $ 13,272 Profit recognized to date (less recognized losses) (99) 117 $ 11,839 $ 13,389 Less: progress billings (12,213) (13,723) Contract work in progress (liability) $ (374) $ (334) Comprising: Amounts due from customers – work in progress $ 167 $ 167 Amounts due to customers – creditors (541) (501) Net work in progress $ (374) $ (334)

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	6 Months Ended
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	Jun. 30, 2024
Disclosure of analysis of other comprehensive income by item [abstract]
Disclosure of accumulated other comprehensive income (loss)	The following tables present the changes in accumulated other comprehensive income (loss) reserves attributable to Brookfield Business Partners for the six-month period ended June 30, 2024 and 2023: (US$ MILLIONS) Foreign currency Other (1) Accumulated other Balance as at January 1, 2024 $ (427) $ 62 $ (365) Other comprehensive income (loss) (63) 44 (19) Balance as at June 30, 2024 $ (490) $ 106 $ (384) ____________________________________ (1) Represents net investment hedges, cash flow hedges and other reserves. (US$ MILLIONS) Foreign currency Other (1) Accumulated other Balance as at January 1, 2023 $ (466) $ 131 $ (335) Other comprehensive income (loss) 13 (5) 8 Balance as at June 30, 2023 $ (453) $ 126 $ (327) ____________________________________ (1) Represents net investment hedges, cash flow hedges and other reserves.

DIRECT OPERATING COSTS (Tables)

DIRECT OPERATING COSTS (Tables)	6 Months Ended
DIRECT OPERATING COSTS (Tables)	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 $ 123 $ 129 $ 245 $ 262 Subcontractor and consultant costs 782 589 1,379 1,140 Concession construction materials and labor costs 38 85 78 160 Depreciation and amortization expense 194 188 390 374 Compensation 463 440 902 867 Other direct costs 260 238 518 482 Total $ 1,860 $ 1,669 $ 3,512 $ 3,285

REVENUES (Tables)

REVENUES (Tables)	6 Months Ended
REVENUES (Tables)	Jun. 30, 2024
Revenue [abstract]
Disclosure of segment revenue by type	The following table summarizes the company’s revenues by timing of revenue recognition for the total revenues from contracts with customers for the three and six months ended June 30, 2024 and 2023. Three Months Ended June 30, Six Months Ended (US$ MILLIONS) 2024 2023 2024 2023 Timing of revenue recognition Goods and services provided at a point in time $ 714 $ 711 $ 1,428 $ 1,419 Services transferred over a period of time 1,215 1,196 2,366 2,353 Total revenues from contracts with customers 1,929 1,907 3,794 3,772 Other revenues — 1 — 1 Total revenues $ 1,929 $ 1,908 $ 3,794 $ 3,773
Disclosure of revenues by geographical areas	The following table summarizes the company ’s total revenues by geography for the three and six months ended June 30, 2024 and June 30, 2023: Three Months Ended June 30, Six Months Ended (US$ MILLIONS) 2024 2023 2024 2023 United Kingdom $ 250 $ 235 $ 463 $ 412 United States of America 299 429 753 883 Australia 1,118 928 2,037 1,874 Canada 60 69 130 135 Brazil 197 243 403 462 Other 5 4 8 7 Total revenues $ 1,929 $ 1,908 $ 3,794 $ 3,773

EQUITY (Tables)

EQUITY (Tables)	6 Months Ended
EQUITY (Tables)	Jun. 30, 2024
Share Capital, Reserves and Other Equity Interest [Abstract]
Disclosure of outstanding common equity	The following table provides a continuity schedule of outstanding exchangeable shares, and the class B shares, along with the carrying value of the corresponding liability and remeasurement gains and losses: (US$ MILLIONS, except as noted) Exchangeable shares outstanding (Shares) Class B shares outstanding (Shares) Exchangeable shares and class B shares Balance as at January 1, 2024 72,954,450 1 $ 1,501 Shares exchanged to LP Units (3) — — Remeasurement (gains) losses — — (126) Balance as at June 30, 2024 72,954,447 1 $ 1,375 The following table provides a continuity of the company’s outstanding equity for the six-month period ended June 30, 2024: Class C shares (US$ MILLIONS, except as noted) Shares outstanding (Shares) Share capital Balance as at January 1, 2024 25,934,120 $ 737 Balance as at June 30, 2024 25,934,120 $ 737

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	6 Months Ended
RELATED PARTY TRANSACTIONS (Tables)	Jun. 30, 2024
Related Party [Abstract]
Disclosure of transactions between related parties	Inclusive of those described above, the following table summarizes the transactions the company has entered into with related parties and balances the company has entered into 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 Revenues (1) $ 54 $ 6 $ 81 $ 53 ____________________________________ (1) The company provides construction services to affiliates of Brookfield. (US$ MILLIONS) June 30, 2024 December 31, 2023 Balances at end of period: Accounts and other receivable, net $ 1,432 $ 1,376 Accounts payable and other 276 23 Non-recourse borrowings in subsidiaries of the company 44 68

DERIVATIVE FINANCIAL INSTRUME_2

DERIVATIVE FINANCIAL INSTRUMENTS (Tables)	6 Months Ended
DERIVATIVE FINANCIAL INSTRUMENTS (Tables)	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 $ — $ — $ 754 $ 754 Accounts and other receivable, net (current and non-current) — — 3,335 3,335 Financial assets (current and non-current) (1) 10 174 140 324 Total $ 10 $ 174 $ 4,229 $ 4,413 Financial liabilities Accounts payable and other (current and non-current) (1) (2) $ — $ 52 $ 3,564 $ 3,616 Non-recourse borrowings in subsidiaries of the company (current and non-current) — — 8,332 8,332 Exchangeable and class B shares (3) — — 1,375 1,375 Total $ — $ 52 $ 13,271 $ 13,323 ____________________________________ (1) FVOCI includes derivative assets and liabilities designated in hedge accounting relationships. Refer to Hedging Activities in Note 3(a) below. (2) Includes derivative liabilities and excludes liabilities associated with assets held for sale, provisions, decommissioning liabilities, deferred revenue, work in progress, post-employment benefits and other liabilities of $1,414 million. (3) Class C shares are also classified as financial liabilities due to their cash redemption feature, however, these shares meet certain qualifying criteria and are therefore presented as equity instruments in accordance with IAS 32. See Note 21 for additional information . The following table provides the details of financial instruments and their associated financial instrument classifications as at December 31, 2023: (US$ MILLIONS) MEASUREMENT BASIS FVTPL FVOCI Amortized cost Total Financial assets Cash and cash equivalents $ — $ — $ 772 $ 772 Accounts and other receivable, net (current and non-current) — — 3,569 3,569 Financial assets (current and non-current) (1) 9 55 160 224 Total $ 9 $ 55 $ 4,501 $ 4,565 Financial liabilities Accounts payable and other (1) (2) $ — $ 48 $ 3,386 $ 3,434 Non-recourse borrowings in subsidiaries of the company (current and non-current) — — 8,823 8,823 Exchangeable and class B shares (3) — — 1,501 1,501 Total $ — $ 48 $ 13,710 $ 13,758 ____________________________________ (1) FVOCI includes derivative assets and liabilities designated in hedge accounting relationships. Refer to Hedging Activities in Note 3(a) below. (2) Includes derivative liabilities and excludes liabilities associated with assets held for sale, provisions, decommissioning liabilities, deferred revenue, work in progress, post-employment benefits and other liabilities of $1,384 million. (3) Class C shares are also classified as financial liabilities due to their cash redemption feature, however, these shares meet certain qualifying criteria and are therefore presented as equity instruments in accordance with IAS 32. See Note 21 for additional information. (US$ MILLIONS) June 30, 2024 December 31, 2023 Current Restricted cash 45 52 Derivative assets 5 10 Other financial assets — 15 Total current $ 50 $ 77 Non-current Restricted cash 24 25 Derivative assets 169 45 Loans and notes receivable 71 68 Other financial assets 10 9 Total non-current $ 274 $ 147 (US$ MILLIONS) June 30, 2024 December 31, 2023 Current, net $ 1,364 $ 1,352 Non-current, net Accounts receivable 77 283 Retainer on customer contract 77 70 Billing rights 668 733 Loan receivable from Brookfield Business Partners (1) 1,149 1,131 Total non-current, net $ 1,971 $ 2,217 Total $ 3,335 $ 3,569 ____________________________________ (1) See Note 22 for additional information. The aggregate fair values of the company’s derivative financial instruments are as follows: June 30, 2024 December 31, 2023 (US$ MILLIONS) Financial Assets Financial Liabilities Financial Assets Financial Liabilities Foreign exchange contracts $ 62 $ (35) $ 1 $ (41) Cross currency swaps 19 (15) — (3) Interest rate derivatives 93 (2) 54 (4) Total $ 174 $ (52) $ 55 $ (48) Total current $ 5 $ (18) $ 10 $ (5) Total non-current $ 169 $ (34) $ 45 $ (43)
Disclosure of financial liabilities	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 $ — $ — $ 754 $ 754 Accounts and other receivable, net (current and non-current) — — 3,335 3,335 Financial assets (current and non-current) (1) 10 174 140 324 Total $ 10 $ 174 $ 4,229 $ 4,413 Financial liabilities Accounts payable and other (current and non-current) (1) (2) $ — $ 52 $ 3,564 $ 3,616 Non-recourse borrowings in subsidiaries of the company (current and non-current) — — 8,332 8,332 Exchangeable and class B shares (3) — — 1,375 1,375 Total $ — $ 52 $ 13,271 $ 13,323 ____________________________________ (1) FVOCI includes derivative assets and liabilities designated in hedge accounting relationships. Refer to Hedging Activities in Note 3(a) below. (2) Includes derivative liabilities and excludes liabilities associated with assets held for sale, provisions, decommissioning liabilities, deferred revenue, work in progress, post-employment benefits and other liabilities of $1,414 million. (3) Class C shares are also classified as financial liabilities due to their cash redemption feature, however, these shares meet certain qualifying criteria and are therefore presented as equity instruments in accordance with IAS 32. See Note 21 for additional information . The following table provides the details of financial instruments and their associated financial instrument classifications as at December 31, 2023: (US$ MILLIONS) MEASUREMENT BASIS FVTPL FVOCI Amortized cost Total Financial assets Cash and cash equivalents $ — $ — $ 772 $ 772 Accounts and other receivable, net (current and non-current) — — 3,569 3,569 Financial assets (current and non-current) (1) 9 55 160 224 Total $ 9 $ 55 $ 4,501 $ 4,565 Financial liabilities Accounts payable and other (1) (2) $ — $ 48 $ 3,386 $ 3,434 Non-recourse borrowings in subsidiaries of the company (current and non-current) — — 8,823 8,823 Exchangeable and class B shares (3) — — 1,501 1,501 Total $ — $ 48 $ 13,710 $ 13,758 ____________________________________ (1) FVOCI includes derivative assets and liabilities designated in hedge accounting relationships. Refer to Hedging Activities in Note 3(a) below. (2) Includes derivative liabilities and excludes liabilities associated with assets held for sale, provisions, decommissioning liabilities, deferred revenue, work in progress, post-employment benefits and other liabilities of $1,384 million. (3) Class C shares are also classified as financial liabilities due to their cash redemption feature, however, these shares meet certain qualifying criteria and are therefore presented as equity instruments in accordance with IAS 32. See Note 21 for additional information. The aggregate fair values of the company’s derivative financial instruments are as follows: June 30, 2024 December 31, 2023 (US$ MILLIONS) Financial Assets Financial Liabilities Financial Assets Financial Liabilities Foreign exchange contracts $ 62 $ (35) $ 1 $ (41) Cross currency swaps 19 (15) — (3) Interest rate derivatives 93 (2) 54 (4) Total $ 174 $ (52) $ 55 $ (48) Total current $ 5 $ (18) $ 10 $ (5) Total non-current $ 169 $ (34) $ 45 $ (43)

SUPPLEMENTAL CASH FLOW INFORM_2

SUPPLEMENTAL CASH FLOW INFORMATION (Tables)	6 Months Ended
SUPPLEMENTAL CASH FLOW INFORMATION (Tables)	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) $ 353 $ 467 Net income taxes paid (received) 50 70
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 $ (101) $ (104) Inventory (5) (73) Prepayments and other (111) (195) Accounts payable and other 120 58 Changes in non-cash working capital, net $ (97) $ (314)

FAIR VALUE OF FINANCIAL INSTR_3

FAIR VALUE OF FINANCIAL INSTRUMENTS - Financial Instrument Classification (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Disclosure of financial assets [line items]
Financial assets	$ 4,413	$ 4,565
Disclosure of financial liabilities [line items]
Financial liabilities	13,323	13,758
Derivative financial liabilities	(52)	(48)
FVTPL
Disclosure of financial liabilities [line items]
Financial liabilities	0	0
FVOCI
Disclosure of financial liabilities [line items]
Financial liabilities	52	48
Amortized cost
Disclosure of financial liabilities [line items]
Financial liabilities	13,271	13,710
FVTPL
Disclosure of financial assets [line items]
Financial assets	10	9
FVOCI
Disclosure of financial assets [line items]
Financial assets	174	55
Amortized cost
Disclosure of financial assets [line items]
Financial assets	4,229	4,501
Accounts payable and other (current and non-current)
Disclosure of financial liabilities [line items]
Financial liabilities	3,616	3,434
Accounts payable and other (current and non-current) \| FVTPL
Disclosure of financial liabilities [line items]
Financial liabilities	0	0
Accounts payable and other (current and non-current) \| FVOCI
Disclosure of financial liabilities [line items]
Financial liabilities	52	48
Accounts payable and other (current and non-current) \| Amortized cost
Disclosure of financial liabilities [line items]
Financial liabilities	3,564	3,386
Non-recourse borrowings in subsidiaries of the company (current and non-current)
Disclosure of financial liabilities [line items]
Financial liabilities	8,332	8,823
Non-recourse borrowings in subsidiaries of the company (current and non-current) \| FVTPL
Disclosure of financial liabilities [line items]
Financial liabilities	0	0
Non-recourse borrowings in subsidiaries of the company (current and non-current) \| FVOCI
Disclosure of financial liabilities [line items]
Financial liabilities	0	0
Non-recourse borrowings in subsidiaries of the company (current and non-current) \| Amortized cost
Disclosure of financial liabilities [line items]
Financial liabilities	8,332	8,823
Exchangeable And Class B Shares
Disclosure of financial liabilities [line items]
Financial liabilities	1,375	1,501
Exchangeable And Class B Shares \| FVTPL
Disclosure of financial liabilities [line items]
Financial liabilities	0	0
Exchangeable And Class B Shares \| FVOCI
Disclosure of financial liabilities [line items]
Financial liabilities	0	0
Exchangeable And Class B Shares \| Amortized cost
Disclosure of financial liabilities [line items]
Financial liabilities	1,375	1,501
Provisions, decommissioning liabilities, deferred revenue, work in progress and post-employment benefits
Disclosure of financial liabilities [line items]
Financial liabilities		1,384
Derivative financial liabilities	1,414
Cash and cash equivalents
Disclosure of financial assets [line items]
Financial assets	754	772
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	754	772
Accounts and other receivable, net (current and non-current)
Disclosure of financial assets [line items]
Financial assets	3,335	3,569
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	3,335	3,569
Financial assets (current and non-current)
Disclosure of financial assets [line items]
Financial assets	324	224
Financial assets (current and non-current) \| FVTPL
Disclosure of financial assets [line items]
Financial assets	10	9
Financial assets (current and non-current) \| FVOCI
Disclosure of financial assets [line items]
Financial assets	174	55
Financial assets (current and non-current) \| Amortized cost
Disclosure of financial assets [line items]
Financial assets	$ 140	$ 160

FAIR VALUE OF FINANCIAL INSTR_4

FAIR VALUE OF FINANCIAL INSTRUMENTS - Narrative (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 Fair Value Measurement Of Assets And Liabilities [Line Items]
Cash	$ 351		$ 351		$ 374
Cash equivalents	403		403		398
Derivative financial assets	174		174		55
Derivative financial liabilities	(52)		(52)		(48)
Hedges of net investment in foreign operations
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]
Derivative financial assets	61		61		1
Derivative financial liabilities	34		34		42
Cash flow hedges
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]
Derivative financial assets	113		113		54
Derivative financial liabilities	18		18		$ 6
Elected for hedge accounting \| 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	56	$ (2)	65	$ (13)
Elected for hedge accounting \| 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	$ 31	$ 89	$ 81	$ 38

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
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]
Financial liabilities	$ 13,323	$ 13,758
Level 1
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]
Financial assets	10	9
Financial liabilities	0	0
Level 2
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]
Financial assets	174	55
Financial liabilities	52	48
Derivative assets/liabilities \| Level 1
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]
Financial liabilities	0	0
Derivative assets/liabilities \| Level 2
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]
Financial liabilities	52	48
Derivative assets/liabilities \| Level 1
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]
Financial assets	0	0
Derivative assets/liabilities \| Level 2
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]
Financial assets	174	55
Other financial assets \| Level 1
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]
Financial assets	10	9
Other financial assets \| Level 2
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]
Financial assets	$ 0	$ 0

FINANCIAL ASSETS (Details)

FINANCIAL ASSETS (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Current
Restricted cash	$ 45	$ 52
Derivative assets	5	10
Other financial assets	0	15
Total current	50	77
Non-current
Restricted cash	24	25
Derivative assets	169	45
Loans and notes receivable	71	68
Other financial assets	10	9
Total non-current	$ 274	$ 147

EXCHANGEABLE SHARES, CLASS B _3

EXCHANGEABLE SHARES, CLASS B SHARES AND CLASS C SHARES - Narrative (Details) $ / shares in Units, $ in Millions	6 Months Ended
	Jun. 30, 2024 USD ($) shares $ / shares	Jun. 30, 2023 USD ($) shares	Dec. 31, 2023 shares
Number of classes of units (in shares)	1
Par value per share (in USD per share) \| $ / shares	$ 18.85
Distributions to exchangeable shareholders \| $	$ 9	$ 9
Exchangeable Shares
Shares exchanged to LP Units (in shares)	3	622
Number of shares outstanding (in shares)	72,954,447		72,954,450
Class B shares
Shares exchanged to LP Units (in shares)	0
Number of shares outstanding (in shares)	1		1

EXCHANGEABLE SHARES, CLASS B _4

EXCHANGEABLE SHARES, CLASS B SHARES AND CLASS C SHARES - Schedule of Units (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Exchangeable Shares
Beginning balance (in shares)	72,954,450
Shares exchanged to LP Units (in shares)	(3)	(622)
Remeasurement (gains) losses (in shares)	0
Ending balance (in shares)	72,954,447
Class B shares
Beginning balance (in shares)	1
Shares exchanged to LP Units (in shares)	0
Remeasurement (gains) losses (in shares)	0
Ending balance (in shares)	1
Exchangeable shares and class B Shares
Beginning balance	$ 1,501
Shares exchanged to LP Units	0
Remeasurement (gains) losses	(126)
Ending balance	$ 1,375

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	$ 1,364	$ 1,352
Non-current, net
Accounts receivable	77	283
Retainer on customer contract	77	70
Billing rights	668	733
Loan receivable from Brookfield Business Partners	1,149	1,131
Total non-current, net	1,971	2,217
Total	$ 3,335	$ 3,569

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	$ 167	$ 167
Construction operations
Disclosure of financial assets [line items]
Retention balance, current	$ 53	$ 120

INVENTORY, NET (Details)

INVENTORY, NET (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Inventories [Abstract]
Raw materials and consumables	$ 49	$ 52
Finished goods and other	14	9
Carrying amount of inventories	$ 63	$ 61

DISPOSITIONS (Details)

DISPOSITIONS (Details) - USD ($) $ in Millions		1 Months Ended
DISPOSITIONS (Details) - USD ($) $ in Millions	May 01, 2023	Feb. 28, 2023
Infrastructure Services Segment
Disclosure of operating segments [line items]
Gross proceeds		$ 275
Gain on dispositions		$ 14
Disposal group, disposed of by sale, not discontinued operations \| Business Services Segment
Disclosure of operating segments [line items]
Gross proceeds	$ 490
Gain on dispositions	$ 87

DISCONTINUED OPERATIONS - Opera

DISCONTINUED OPERATIONS - Operating Results (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 analysis of single amount of discontinued operations [line items]
Revenues	$ 1,929	$ 1,908	$ 3,794	$ 3,773
General and administrative expenses	(77)	(63)	(141)	(124)
Interest expense, net	(203)	(233)	(413)	(445)
Equity accounted income (loss)	2	2	3	0	$ 4
Gain on acquisitions/dispositions, net	0	87	0	87
Other income (expense), net	(59)	171	(70)	133
Income (loss) before income tax from continuing operations	(31)	297	(215)	112
Net income (loss)	40	158	(134)	(27)
Discontinued operations
Disclosure of analysis of single amount of discontinued operations [line items]
Revenues	0	1,006	0	2,062
Direct operating costs	0	(897)	0	(1,832)
General and administrative expenses	0	(54)	0	(100)
Interest expense, net	0	(74)	0	(141)
Equity accounted income (loss)	0	1	0	0
Gain on acquisitions/dispositions, net	0	0	0	14
Other income (expense), net	0	(26)	0	(45)
Income (loss) before income tax from continuing operations	0	(44)	0	(42)
Current and deferred taxes	0	7	0	2
Net income (loss)	$ 0	$ (37)	$ 0	$ (40)

DISCONTINUED OPERATIONS - Incom

DISCONTINUED OPERATIONS - Income (Loss) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Non-current Assets Held For Sale And Discontinued Operations [Abstract]
Net income (loss) from continuing operations attributable to Brookfield Business Partners	$ 124	$ 116	$ (26)	$ (27)
Net income (loss) from continuing operations attributable to non-controlling interests	(84)	79	(108)	40
Net income (loss) from continuing operations	40	195	(134)	13
Net income (loss) from discontinued operations attributable to Brookfield Business Partners	0	(8)	0	(5)
Net income (loss) from discontinued operations attributable to non-controlling interests	0	(29)	0	(35)
Net income (loss) from discontinued operations	$ 0	$ (37)	$ 0	$ (40)

DISCONTINUED OPERATIONS - Compr

DISCONTINUED OPERATIONS - 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
Non-current Assets Held For Sale And Discontinued Operations [Abstract]
Comprehensive income (loss) from continuing operations attributable to Brookfield Business Partners	$ 127	$ 151	$ (45)	$ (9)
Comprehensive income (loss) from continuing operations attributable to non-controlling interests	(114)	156	(163)	94
Total	13	307	(208)	85
Comprehensive income (loss) from discontinued operations attributable to Brookfield Business Partners	0	(13)	0	(15)
Comprehensive income (loss) from discontinued operations attributable to non-controlling interests	0	(46)	0	(64)
Total	$ 0	$ (59)	$ 0	$ (79)

DISCONTINUED OPERATIONS - Net C

DISCONTINUED OPERATIONS - Net Cash Flows (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Non-current Assets Held For Sale And Discontinued Operations [Abstract]
Operating cash flows	$ 0	$ (62)
Financing cash flows	0	(58)
Investing cash flows	0	197
Net cash flows	$ 0	$ 77

OTHER ASSETS (Details)

OTHER ASSETS (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Current
Work in progress	$ 167	$ 167
Prepayments and other assets	342	305
Assets held for sale	15	17
Total current	524	489
Non-current
Prepayments and other assets	250	248
Total non-current	$ 250	$ 248

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	$ 2,743
Balance at end of period	2,671	$ 2,743
Right-of-use assets
Reconciliation of changes in property, plant and equipment [abstract]
Balance at beginning of period	245
Balance at end of period	222	245
Gross carrying amount
Reconciliation of changes in property, plant and equipment [abstract]
Balance at beginning of period	3,398	4,810
Additions (cash and non-cash)	83	422
Dispositions	(22)	(1,785)
Foreign currency translation and other	(75)	(49)
Balance at end of period	3,384	3,398
Accumulated depreciation and impairment
Reconciliation of changes in property, plant and equipment [abstract]
Balance at beginning of period	(655)	(1,045)
Depreciation and impairment expense	(92)	(317)
Dispositions	18	705
Foreign currency translation and other	16	2
Balance at end of period	$ (713)	$ (655)

INTANGIBLE ASSETS - Changes in

INTANGIBLE ASSETS - Changes in 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	$ 6,931
Balance at end of period	6,411	$ 6,931
Gross carrying amount
Reconciliation of changes in intangible assets other than goodwill [abstract]
Balance at beginning of period	8,163	10,693
Additions	121	409
Dispositions	(1)	(3,182)
Acquisitions through business combinations	11	0
Foreign currency translation	(436)	243
Balance at end of period	7,858	8,163
Accumulated depreciation and impairment
Reconciliation of changes in intangible assets other than goodwill [abstract]
Balance at beginning of period	(1,232)	(1,398)
Amortization and impairment expense	(298)	(711)
Dispositions	1	929
Foreign currency translation	82	(52)
Balance at end of period	$ (1,447)	$ (1,232)

INTANGIBLE ASSETS - Narrative (

INTANGIBLE ASSETS - Narrative (Details) - Customer Relationships $ in Billions	6 Months Ended
	Jun. 30, 2024 USD ($)
Disclosure of detailed information about intangible assets [line items]
Intangible assets and goodwill	$ 3.1
Intangible asset amortization periods	13 years

GOODWILL (Details)

GOODWILL (Details) - Goodwill - USD ($) $ in Millions	6 Months Ended	12 Months Ended
GOODWILL (Details) - Goodwill - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Reconciliation of changes in intangible assets and goodwill [abstract]
Balance at beginning of period	$ 5,702	$ 6,914
Acquisitions through business combinations	24	0
Impairment losses	0	(599)
Dispositions	0	(577)
Foreign currency translation	(26)	(36)
Balance at end of period	$ 5,700	$ 5,702

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
Interests In Other Entities [Abstract]
Balance at beginning of period			$ 222	$ 251	$ 251
Dispositions			0		(17)
Share of net income (loss)	$ 2	$ 2	3	$ 0	4
Distributions received			(10)		(23)
Foreign currency translation			(7)		7
Balance at end of period	$ 208		$ 208		$ 222

ACCOUNTS PAYABLE AND OTHER (Det

ACCOUNTS PAYABLE AND OTHER (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Current
Accounts payable	$ 868	$ 849
Accrued and other liabilities	750	545
Lease liabilities	37	43
Financial liabilities	113	109
Work in progress	514	481
Provisions and decommissioning liabilities	512	502
Liabilities associated with assets held for sale	0	5
Total current	2,794	2,534
Non-current
Accounts payable	82	84
Accrued and other liabilities	317	312
Lease liabilities	247	269
Financial liabilities	1,357	1,378
Work in progress	27	20
Provisions and decommissioning liabilities	206	221
Total non-current	2,236	2,284
Financial liability recognized for proceeds received from sale and leaseback transaction	1,341	1,345
Current financial liability recognized related to sale and leaseback of hospitals	65	64
Noncurrent financial liability recognized related to sale and leaseback of hospitals	$ 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	$ 11,938	$ 13,272
Profit recognized to date (less recognized losses)	(99)	117
Contract costs incurred and profit recognized (less recognized losses)	11,839	13,389
Less: progress billings	(12,213)	(13,723)
Contract work in progress (liability)	(374)	(334)
Comprising:
Amounts due from customers – work in progress	167	167
Amounts due to customers – creditors	(541)	(501)
Contract work in progress (liability)	$ (374)	$ (334)

BORROWINGS (Details)

BORROWINGS (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Financial Instruments [Abstract]
Current non-recourse borrowings in subsidiaries of the company	$ 238	$ 793
Non-current non-recourse borrowings in subsidiaries of the company	$ 8,094	$ 8,030

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				$ 4,760	$ 4,071
Other comprehensive income (loss)		$ (27)	$ 90	(74)	33
Ending balance		4,582	3,700	4,582	3,700
Accumulated other comprehensive income (loss)
Disclosure of analysis of other comprehensive income by item [line items]
Beginning balance	[1]			(365)	(335)
Other comprehensive income (loss)	[1]			(19)	8
Ending balance	[1]	(384)	(327)	(384)	(327)
Accumulated other comprehensive income (loss) \| Brookfield Business Partners L.P.
Disclosure of analysis of other comprehensive income by item [line items]
Beginning balance				(365)	(335)
Other comprehensive income (loss)				(19)	8
Ending balance		(384)	(327)	(384)	(327)
Foreign currency translation \| Brookfield Business Partners L.P.
Disclosure of analysis of other comprehensive income by item [line items]
Beginning balance				(427)	(466)
Other comprehensive income (loss)				(63)	13
Ending balance		(490)	(453)	(490)	(453)
Other \| Brookfield Business Partners L.P.
Disclosure of analysis of other comprehensive income by item [line items]
Beginning balance				62	131
Other comprehensive income (loss)				44	(5)
Ending balance		$ 106	$ 126	$ 106	$ 126

[1] See Note 18 for additional information.

DIRECT OPERATING COSTS - Direct

DIRECT OPERATING COSTS - Direct Costs by Nature (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Disclosure of attribution of expenses by nature to their function [line items]
Total	$ 1,860	$ 1,669	$ 3,512	$ 3,285
Direct costs
Disclosure of attribution of expenses by nature to their function [line items]
Inventory costs	123	129	245	262
Subcontractor and consultant costs	782	589	1,379	1,140
Concession construction materials and labor costs	38	85	78	160
Depreciation and amortization expense	194	188	390	374
Compensation	463	440	902	867
Other direct costs	$ 260	$ 238	$ 518	$ 482

REVENUES - Segment Revenue By T

REVENUES - Segment Revenue 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]
Revenue from contracts with customers	$ 1,929	$ 1,907	$ 3,794	$ 3,772
Other revenues	0	1	0	1
Total revenues	1,929	1,908	3,794	3,773
Goods or services transferred at point in time [member]
Disclosure of operating segments [line items]
Revenue from contracts with customers	714	711	1,428	1,419
Goods or services transferred over time [member]
Disclosure of operating segments [line items]
Revenue from contracts with customers	$ 1,215	$ 1,196	$ 2,366	$ 2,353

REVENUES - Revenue by geography

REVENUES - Revenue 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]
Total revenues from contracts with customers	$ 1,929	$ 1,907	$ 3,794	$ 3,772
Revenues	1,929	1,908	3,794	3,773
United Kingdom
Disclosure of operating segments [line items]
Total revenues from contracts with customers	250	235	463	412
United States of America
Disclosure of operating segments [line items]
Total revenues from contracts with customers	299	429	753	883
Australia
Disclosure of operating segments [line items]
Total revenues from contracts with customers	1,118	928	2,037	1,874
Canada
Disclosure of operating segments [line items]
Total revenues from contracts with customers	60	69	130	135
Brazil
Disclosure of operating segments [line items]
Total revenues from contracts with customers	197	243	403	462
Other
Disclosure of operating segments [line items]
Total revenues from contracts with customers	$ 5	$ 4	$ 8	$ 7

EQUITY - Outstanding Common Equ

EQUITY - Outstanding Common Equity (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023
Reconciliation of number of shares outstanding [abstract]
Beginning balance	$ 4,760	$ 3,700	$ 4,071
Ending balance	4,582	4,760	3,700
Capital
Reconciliation of number of shares outstanding [abstract]
Beginning balance	737	737	737
Ending balance	$ 737	$ 737	$ 737
Capital \| Class C Shares
Reconciliation of number of shares outstanding [abstract]
Beginning balance (in shares)	25,934,120
Ending balance (in shares)	25,934,120	25,934,120
Beginning balance	$ 737
Ending balance	$ 737	$ 737

RELATED PARTY TRANSACTIONS - Na

RELATED PARTY TRANSACTIONS - Narrative (Details) $ / shares in Units, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024 USD ($) $ / shares	Jun. 30, 2023 USD ($)	Jun. 30, 2024 USD ($) agreement $ / shares	Jun. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)
Disclosure of transactions between related parties [line items]
Number of credit agreements expected to entered into \| agreement			2
Par value per share (in USD per share) \| $ / shares	$ 18.85		$ 18.85
Accounts and other receivable, net	$ 1,149		$ 1,149		$ 1,131
Bilateral Credit Facility
Disclosure of transactions between related parties [line items]
Term of credit facility			10 years
Revolving credit facility, face amount	1,000		$ 1,000
Maximum borrowing capacity	1,000		1,000
Amount outstanding	274		274		135
Brookfield Business Partners
Disclosure of transactions between related parties [line items]
Capital commitments	25		25
Brookfield Business Partners \| Bilateral Credit Facility
Disclosure of transactions between related parties [line items]
Revolving credit facility, face amount	1,000		1,000
Provision of related party guarantee by entity			2,350
Brookfield Business Partners \| Top of range
Disclosure of transactions between related parties [line items]
Contractual capital commitments	1,500		1,500
Brookfield Business Corporation
Disclosure of transactions between related parties [line items]
Capital commitments	0		0		0
Brookfield Business Partners L.P.
Disclosure of transactions between related parties [line items]
Capital commitments	725		$ 725		725
Brookfield Business Partners
Disclosure of transactions between related parties [line items]
Base management fee, quarterly percentage			0.3125%
Base management fee, annual percentage			1.25%
Base management fee allocated	6	$ 5	$ 12	$ 9
Capital commitments	$ 2,000		$ 2,000
Weighted average remaining contractual life of outstanding share options			5 days
Par value per share (in USD per share) \| $ / shares	$ 25		$ 25
Accounts and other receivable, net	$ 0		$ 0		$ 0
Interest costs incurred	0	$ 0	0	$ 0
Accounts and other receivables	1,100		1,100
Brookfield Business Partners \| Minimum
Disclosure of transactions between related parties [line items]
Capital commitments	$ 10		$ 10

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]
Accounts and other receivable, net	$ 1,149		$ 1,149		$ 1,131
Other related parties
Disclosure of transactions between related parties [line items]
Revenues	54	$ 6	81	$ 53
Accounts and other receivable, net	1,432		1,432		1,376
Accounts / loan payable and other	276		276		23
Non-recourse borrowings in subsidiaries of the company	$ 44		$ 44		$ 68

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	$ 174	$ 55
Current Financial Asset	5	10
Non-current Financial Assets	169	45
Financial Liabilities	(52)	(48)
Current Financial Liability	(18)	(5)
Non-current financial Liability	(34)	(43)
Foreign exchange contracts
Disclosure of detailed information about hedging instruments [line items]
Financial Assets	62	1
Financial Liabilities	(35)	(41)
Cross currency swaps
Disclosure of detailed information about hedging instruments [line items]
Financial Assets	19	0
Financial Liabilities	(15)	(3)
Interest rate derivatives
Disclosure of detailed information about hedging instruments [line items]
Financial Assets	93	54
Financial Liabilities	$ (2)	$ (4)

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)	$ 353	$ 467
Net income taxes paid (received)	$ 50	$ 70

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	$ (101)	$ (104)
Inventory	(5)	(73)
Prepayments and other	(111)	(195)
Accounts payable and other	120	58
Changes in non-cash working capital, net	$ (97)	$ (314)

SUBSEQUENT EVENTS - Narrative (

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