Brookfield Asset Management (BAM) 40-F30 Mar 222021 FY Annual report (Canada)Financial data

Company Profile

Cover

Cover	12 Months Ended
Cover	Dec. 31, 2021
Document Information [Line Items]
Document Type	40-F
Document Registration Statement	false
Document Annual Report	true
Document Period End Date	Dec. 31, 2021
Entity File Number	001-15160
Entity Registrant Name	BROOKFIELD ASSET MANAGEMENT INC.
Entity Incorporation, State or Country Code	A6
Entity Primary SIC Number	6282
Entity Address, Address Line One	Suite 300
Entity Address, Address Line Two	Brookfield Place, 181 Bay Street
Entity Address, Address Line Three	P.O. Box 762
Entity Address, City or Town	Toronto
Entity Address, State or Province	ON
Entity Address, Country	CA
Entity Address, Postal Zip Code	M5J 2T3
City Area Code	416
Local Phone Number	363-9491
Annual Information Form	true
Audited Annual Financial Statements	true
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Subordinated Notes Due in 2080 \| BFI
Document Information [Line Items]
Title of 12(b) Security	4.625% Subordinated Notes due October 16, 2080
Trading Symbol	BAMH
Security Exchange Name	NYSE
Perpetual Preferred Shares \| Brookfield Finance I (UK) PLC
Document Information [Line Items]
Title of 12(b) Security	4.50% Perpetual Subordinated Notes
Trading Symbol	BAMI
Security Exchange Name	NYSE
Senior Notes Due 2032 \| Brookfield Finance I (UK) PLC
Document Information [Line Items]
Title of 12(b) Security	2.34% Senior Notes Due 2032
Trading Symbol	BAM / 32
Security Exchange Name	NYSE
Class A Limited Voting Shares
Document Information [Line Items]
Title of 12(b) Security	Class A Limited Voting Shares
Trading Symbol	BAM
Security Exchange Name	NYSE
Business Contact
Document Information [Line Items]
Entity Address, Address Line One	1114 Avenue of the Americas
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10036-7703
City Area Code	212
Local Phone Number	880-6000
Contact Personnel Name	Torys LLP

Audit Information

Audit Information	12 Months Ended
Audit Information	Dec. 31, 2021
Audit Information [Abstract]
Auditor Name	Deloitte LLP
Auditor Location	Toronto, Canada
Auditor Firm ID	1208

DOCUMENT AND ENTITY INFORMATION

DOCUMENT AND ENTITY INFORMATION	12 Months Ended
DOCUMENT AND ENTITY INFORMATION	Dec. 31, 2021
Document Information [Line Items]
Entity Central Index Key	0001001085
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	FY
Amendment Flag	false

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Assets
Cash and cash equivalents	$ 12,694	$ 9,933
Other financial assets	16,546	17,730
Accounts receivable and other	21,760	18,928
Inventory	11,415	10,360
Assets classified as held for sale	11,958
Equity accounted investments	46,100	41,327
Investment properties	100,865	96,782
Property, plant and equipment	115,489	100,009
Intangible assets	30,609	24,658
Goodwill	20,227	14,714
Deferred income tax assets	3,340	3,338
Total assets	391,003	343,696
Liabilities and Equity
Financial liabilities	223,744	193,217
Accounts payable and other	52,546	50,682
Liabilities associated with assets classified as held for sale	3,148	2,359
Non-recourse borrowings of managed entities	165,057	139,324
Deferred income tax liabilities	20,328	15,913
Equity [abstract]
Equity	134,741	122,642
Total liabilities and equity	391,003	343,696
Corporate borrowings
Liabilities and Equity
Financial liabilities	10,875	9,077
Subsidiary equity obligations
Liabilities and Equity
Financial liabilities	4,308	3,699
Non-controlling interests
Equity [abstract]
Equity	88,386	86,804
Preferred shares \| Preferred equity
Equity [abstract]
Equity	4,145	4,145
Preferred shares \| Non-controlling interests
Equity [abstract]
Equity	5,488	5,889
Common shares \| Non-controlling interests
Equity [abstract]
Equity	82,898	80,915
Common shares \| Common equity
Equity [abstract]
Equity	$ 42,210	$ 31,693

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2021	Dec. 31, 2020
Profit or loss [abstract]
Revenue		$ 75,731	$ 62,752
Direct costs		(64,000)	(53,177)
Other income and gains		3,099	785
Equity accounted income (loss)		2,451	(79)
Expenses
Interest		(7,604)	(7,213)
Corporate costs		(116)	(101)
Fair value changes		(5,151)	(1,423)
Tax expense (income)		(2,324)	(837)
Net income		12,388	707
Net income (loss) attributable to:
Shareholders		3,966	(134)
Non-controlling interests		8,422	841
Net income		$ 12,388	$ 707
Net income (loss) per share:
Diluted		$ 2.39	$ (0.12)
Basic		$ 2.47	$ (0.12)
Depreciation and amortisation expense, reclassified as direct costs	$ 6,400
Increase in operating expenses			$ 5,800

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Statement of comprehensive income [abstract]
Net income	$ 12,388	$ 707
Items that may be reclassified to net income
Financial contracts and power sale agreements	517	(218)
Marketable securities	214	285
Equity accounted investments	43	(82)
Foreign currency translation	(1,910)	(1,294)
Income taxes	(64)	(38)
Other comprehensive income that may be reclassified to net income	(1,200)	(1,347)
Items that will not be reclassified to net income
Revaluation of property, plant and equipment	6,135	4,794
Revaluation of pension obligations	545	(298)
Equity accounted investments	893	36
Marketable securities	568	316
Income taxes	(1,707)	(1,188)
Other comprehensive income that will not be reclassified to net income	6,434	3,660
Other comprehensive income	5,234	2,313
Comprehensive income	17,622	3,020
Attributable to:
Net income attributable to shareholders	3,966	(134)
Other comprehensive income	1,844	818
Comprehensive income	5,810	684
Net income	8,422	841
Other comprehensive income	3,390	1,495
Comprehensive income	$ 11,812	$ 2,336

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($) $ in Millions	Total	Non-controlling interests	Common sharesCommon Share Capital	Common sharesContributed Surplus	Common sharesRetained Earnings	Common sharesOwnership Changes1	Common sharesRevaluation Surplus	Common sharesCurrency Translation	Common sharesOther Reserves2	Common sharesCommon equity	Common sharesNon-controlling interests	Preferred sharesPreferred equity	Preferred sharesNon-controlling interests
Beginning balance (Previously stated) at Dec. 31, 2019	$ 116,846	$ 81,833	$ 7,305	$ 286	$ 16,026	$ 1,010	$ 7,876	$ (2,017)	$ 382	$ 30,868		$ 4,145
Changes in period:
Net income attributable to shareholders	(134)
Non-controlling interests	841
Net income	707
Other comprehensive income	818						1,005	(332)	145
Other comprehensive income	1,495
Other comprehensive income	2,313
Comprehensive income, attributable to owners of parent	684						1,005	(332)	145
Comprehensive income, attributable to non-controlling interests	2,336	2,336
Comprehensive income	3,020
Shareholder distributions
Preferred equity	(141)				141					(141)
Non-controlling interests	(6,493)	(6,493)
Other items
Issue of equity	12,449	12,719	63	(60)	(273)					(270)		0
Share-based compensation	36	0		59	(23)					36
Ownership changes	(2,349)	(3,591)			449	1,681	(1,351)	216	247	1,242
Total change in period	5,796	4,971	63	(1)	(848)	1,681	(346)	(116)	392	825		0
Ending balance (Previously stated) at Dec. 31, 2020	122,642	86,804	7,368	285	15,178	2,691	7,530	(2,133)	774	31,693		4,145
Ending balance at Dec. 31, 2020	122,642	86,804	7,368	285	15,178	2,691	7,530	(2,133)	774	31,693	$ 80,915	4,145	$ 5,889
Other items
Common equity	(726)				726					(726)
Net income attributable to shareholders	3,966
Non-controlling interests	8,422
Net income	12,388
Other comprehensive income	1,844						1,502	(318)	660
Other comprehensive income	3,390
Other comprehensive income	5,234
Comprehensive income, attributable to owners of parent	5,810						1,502	(318)	660
Comprehensive income, attributable to non-controlling interests	11,812	11,812
Comprehensive income	17,622
Preferred equity	(148)				(148)					(148)
Non-controlling interests	(8,163)	(8,163)
Issue of equity	5,281	2,468	3,170	(32)	(325)					2,813		0
Share-based compensation	46	0		67	(21)					46
Ownership changes	(1,201)	(4,535)			393	3,552	(751)	164	(24)	3,334
Total change in period	12,099	1,582	3,170	35	2,527	3,552	751	(154)	636	10,517		0
Ending balance at Dec. 31, 2021	134,741	$ 88,386	$ 10,538	$ 320	17,705	$ 6,243	$ 8,281	$ (2,287)	$ 1,410	42,210	$ 82,898	$ 4,145	$ 5,488
Other items
Common equity	$ (1,338)				$ (1,338)					$ (1,338)

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Operating activities
Net income	$ 12,388	$ 707
Other income and gains	(3,099)	(785)
Share of undistributed equity accounted (earnings) loss	(693)	1,347
Fair value changes	(5,151)	1,423
Depreciation and amortization	6,437	5,791
Deferred income taxes	1,210	81
Investments in residential inventory	(34)	51
Net change in non-cash working capital balances	(3,184)	(274)
Cash flows from (used in) operating activities	7,874	8,341
Financing activities
Corporate borrowings arranged	1,350	2,216
Corporate borrowings repaid	(526)	(251)
Commercial paper and borrowings, net	912	0
Non-recourse borrowings arranged	80,376	37,594
Non-recourse borrowings repaid	(61,923)	(33,496)
Non-recourse credit facilities, net	6,222	(1,705)
Subsidiary equity obligations issued	450	231
Subsidiary equity obligations redeemed	(1,314)	(246)
Deposits From Related Party	(806)	0
Deposit From Related Parties Repaid	(1,155)	0
Capital provided from non-controlling interests	14,190	16,312
Capital repaid to non-controlling interests	(11,722)	(3,593)
Repayment of lease liabilities	(1,411)	(602)
Distributions to non-controlling interests	(8,163)	(6,493)
Distributions to shareholders	(1,486)	(867)
Cash flows from (used in) financing activities	16,261	8,698
Acquisitions
Investment properties	(11,286)	(5,111)
Property, plant and equipment	(6,881)	(4,012)
Equity accounted investments	(3,708)	(3,733)
Financial assets and other	(35,058)	(25,536)
Acquisition of subsidiaries	(14,559)	(3,453)
Dispositions
Investment properties	6,219	2,266
Property, plant and equipment	723	125
Equity accounted investments	1,711	215
Financial assets and other	35,622	22,557
Disposition of subsidiaries	5,952	3,415
Restricted cash and deposits	220	(606)
Cash flows from (used in) investing activities	(21,045)	(13,873)
Cash and cash equivalents
Change in cash and cash equivalents	3,090	3,166
Net change in cash classified within assets held for sale	(207)	23
Foreign exchange revaluation	(122)	(34)
Balance, beginning of year	9,933	6,778
Balance, end of year	12,694	9,933
Supplemental Cash Flow Information [Abstract]
Incomes Taxes Paid Classified As Supplemental Cash Flow Disclosure	1,116	1,101
Interest Paid Classified As Supplemental Cash Flow Disclosure	7,001	6,583
Common shares
Financing activities
Common shares issued	23	17
Common shares repurchased	$ (368)	$ (419)

ORGANIZATION AND CAPITAL MANAGE

ORGANIZATION AND CAPITAL MANAGEMENT	12 Months Ended
ORGANIZATION AND CAPITAL MANAGEMENT	Dec. 31, 2021
Management Commentary Explanatory [Abstract]
ORGANIZATION AND CAPITAL MANAGEMENT	ORGANIZATION AND CAPITAL MANAGEMENT Brookfield Asset Management Inc. (the “Corporation”) is a global alternative asset management company. References in these financial statements to “Brookfield,” “us,” “we,” “our” or “the company” refer to the Corporation and its direct and indirect subsidiaries and consolidated entities. The company owns and operates assets with a focus on renewable power and transition, infrastructure, private equity, real estate and credit. The Corporation is listed on the New York and Toronto stock exchanges under the symbols BAM and BAM.A, respectively. The Corporation was formed by articles of amalgamation under the Business Corporations Act (Ontario) and is registered in Ontario, Canada. The registered office of the Corporation is Brookfield Place, 181 Bay Street, Suite 300, Toronto, Ontario, M5J 2T3. Capital Management The company utilizes the Corporation’s Capital to manage the business in a number of ways, including operating performance, value creation, credit metrics and capital efficiency. The performance of the Corporation’s Capital is closely tracked and monitored by the company’s key management personnel and evaluated relative to management’s objectives. The primary goal of the company is to earn a 12-15% return compounded over the long term while always maintaining excess capital to support ongoing operations. The Corporation’s Capital consists of the capital invested in its asset management activities, including investments in entities that it manages, its corporate investments that are held outside of managed entities and its net working capital. The Corporation’s Capital is funded with common equity, preferred equity and corporate borrowings issued by the Corporation. As at December 31, 2021, the Corporation’s Capital totaled $57.5 billion (2020 – $45.1 billion), and is computed as follows: AS AT DEC. 31 2021 2020 Cash and cash equivalents $ 1,197 $ 1,283 Other financial assets 3,430 3,809 Common equity in managed investments 46,248 33,732 Other assets and liabilities of the Corporation 6,585 6,321 Corporation’s Capital $ 57,460 $ 45,145 Corporation’s Capital is comprised of the following: Common equity $ 42,210 $ 31,693 Preferred shares 4,145 4,145 Non-controlling interest 230 230 Corporate borrowings 10,875 9,077 $ 57,460 $ 45,145 The Corporation generates returns on its capital through management fees and performance revenues earned as an asset manager, as well as distributions or dividends earned from its capital invested in managed entities, and through performance of the Corporation’s financial asset investments. Prudent levels of corporate borrowings and preferred equity are utilized to enhance returns to shareholders’ common equity. A reconciliation of the Corporation’s Capital to the company’s consolidated balance sheet as at December 31, 2021 is as follows: AS AT DEC. 31, 2021 (MILLIONS) The Corporation Managed Investments Elimination 1 Total Consolidated Cash and cash equivalents $ 1,197 $ 11,497 $ — $ 12,694 Other financial assets 3,430 13,116 — 16,546 Accounts receivable and other 1 2,697 19,694 (631) 21,760 Inventory 2 11,413 — 11,415 Assets classified as held for sale — 11,958 — 11,958 Equity accounted investments 6,553 39,547 — 46,100 Investment properties 16 100,849 — 100,865 Property, plant and equipment 215 115,274 — 115,489 Intangible assets 215 30,394 — 30,609 Goodwill 361 19,866 — 20,227 Deferred income tax assets 2,064 1,276 — 3,340 Accounts payable and other 1 (5,104) (48,073) 631 (52,546) Liabilities associated with assets classified as held for sale — (3,148) — (3,148) Deferred income tax liabilities (299) (20,029) — (20,328) Subsidiary equity obligations (135) (4,173) — (4,308) Total 11,212 299,461 — 310,673 Common equity in managed investments 2 46,248 — (46,248) — Corporation’s Capital 57,460 299,461 (46,248) 310,673 Less: Corporate borrowings 10,875 — — 10,875 Non-recourse borrowings of managed entities — 165,057 — 165,057 Amounts attributable to preferred equity 4,145 — — 4,145 Amounts attributable to non-controlling interests 230 88,156 — 88,386 Common equity $ 42,210 $ 46,248 $ (46,248) $ 42,210 1. Contains the gross up of intercompany balances, including accounts receivable and other, and accounts payable and other of $631 million and $631 million, respectively, between entities within the Corporation and its managed investments. 2. Represents the value of the Corporation’s managed investments. Common equity in managed investments is a measure routinely evaluated by our company’s key management personnel and represents the net equity in our consolidated financial statements outside of our corporate and asset management segments, excluding non-controlling interests. This measure is equal to the sum of the common equity in our Renewable Power and Transition, Infrastructure, Private Equity, Real Estate and Residential Development operating segments. A reconciliation of the Corporation’s Capital to the company’s consolidated balance sheet as at December 31, 2020 is as follows: AS AT DEC. 31, 2020 The Corporation Managed Investments Elimination 1 Total Consolidated Cash and cash equivalents $ 1,283 $ 8,650 $ — $ 9,933 Other financial assets 3,809 13,921 — 17,730 Accounts receivable and other 1 3,632 17,401 (2,105) 18,928 Inventory 2 10,358 — 10,360 Assets classified as held for sale — 5,917 — 5,917 Equity accounted investments 5,361 35,966 — 41,327 Investment properties 17 96,765 — 96,782 Property, plant and equipment 122 99,887 — 100,009 Intangible assets 285 24,373 — 24,658 Goodwill 368 14,346 — 14,714 Deferred income tax assets 2,159 1,179 — 3,338 Accounts payable and other 1 (5,134) (47,653) 2,105 (50,682) Liabilities associated with assets classified as held for sale — (2,359) — (2,359) Deferred income tax liabilities (414) (15,499) — (15,913) Subsidiary equity obligations (77) (3,622) — (3,699) Total 11,413 259,630 — 271,043 Common equity in managed investments 2 33,732 — (33,732) — Corporation’s Capital 45,145 259,630 (33,732) 271,043 Less: Corporate borrowings 9,077 — — 9,077 Non-recourse borrowings of managed entities — 139,324 — 139,324 Amounts attributable to preferred equity 4,145 — — 4,145 Amounts attributable to non-controlling interests 230 86,574 — 86,804 Common equity $ 31,693 $ 33,732 $ (33,732) $ 31,693 1. Contains the gross up of intercompany balances, including accounts receivable and other, and accounts payable and other of $2.1 billion and $2.1 billion, respectively, between entities within the Corporation and its managed investments.

SUBSIDIARIES

SUBSIDIARIES	12 Months Ended
SUBSIDIARIES	Dec. 31, 2021
Disclosure of subsidiaries [abstract]
SUBSIDIARIES	SUBSIDIARIES The following table presents the details of the company’s subsidiaries with significant non-controlling interests: Jurisdiction of Formation Ownership Interest Held by Non-Controlling Interests 1, 2 AS AT DEC. 31 2021 2020 Brookfield Renewable Partners L.P. (“BEP”) 3 Bermuda 51.7 % 49.3 % Brookfield Infrastructure Partners L.P. (“BIP”) 4 Bermuda 72.8 % 71.5 % Brookfield Business Partners L.P. (“BBU”) Bermuda 35.6 % 36.5 % Brookfield Property Group (“BPG”) 5 Bermuda — % 38.3 % 1. Control and associated voting rights of the limited partnerships (BEP, BIP and BBU) reside with their respective general partners which are wholly owned subsidiaries of the company. The company’s general partner interest is entitled to earn base management fees and incentive payments in the form of incentive distribution rights or performance fees. 2. The company’s ownership interest in BEP, BIP, BBU and BPG includes a combination of redemption-exchange units (REUs), Class A limited partnership units, special limited partnership units, general partnership units and units or shares that are exchangeable for units in our listed partnerships, in each subsidiary, where applicable. Each of BEP, BIP, BBU and BPG’s partnership capital includes its Class A limited partnership units whereas REUs and general partnership units are considered non-controlling interests for the respective partnerships. REUs share the same economic attributes in all respects except for the redemption right attached thereto. The REUs and general partnership units participate in earnings and distributions on a per unit basis equivalent to the per unit participation of the Class A limited partnership units of the subsidiary. 3. Ownership interest held by non-controlling interests represents the combined units not held in BEP and Brookfield Renewable Corporation (“BEPC”). 4. Ownership interest held by non-controlling interests represents the combined units not held in BIP and Brookfield Infrastructure Corporation (“BIPC”). 5. BPG includes Brookfield Property Partners L.P. and Brookfield’s wholly owned real estate directly held entities. The ownership interest held by non-controlling interests as at December 31, 2020 represents the ownership interest of non-controlling interests in BPY as of that date. The table below presents the exchanges on which the company’s subsidiaries with significant non-controlling interests were publicly listed as of December 31, 2021: TSX NYSE BEP BEP.UN BEP BIP BIP.UN BIP BBU BBU.UN BBU The following table outlines the composition of accumulated non-controlling interests presented within the company’s consolidated financial statements: AS AT DEC. 31 (MILLIONS) 2021 2020 BEP $ 19,355 $ 17,194 BIP 23,695 19,753 BBU 10,197 9,162 BPG 1 28,064 33,345 Individually immaterial subsidiaries with non-controlling interests 7,075 7,350 $ 88,386 $ 86,804 1. This balance represents non-controlling interests within the consolidated funds of BPG. All publicly listed entities are subject to independent governance. Accordingly, the company has no direct access to the assets of these subsidiaries. Summarized financial information with respect to the company’s subsidiaries with significant non-controlling interests is set out below. The summarized financial information represents amounts before intra-group eliminations: BEP BIP BBU BPG AS AT AND FOR THE YEARS ENDED DEC. 31 (MILLIONS) 2021 2020 2021 2020 2021 2020 2021 2020 Current assets $ 2,861 $ 1,742 $ 4,896 $ 3,711 $ 15,418 $ 14,493 $ 23,487 $ 12,270 Non-current assets 53,006 47,980 69,065 57,620 48,801 40,253 140,510 132,178 Current liabilities (3,222) (2,761) (8,661) (5,524) (13,912) (12,133) (34,158) (27,949) Non-current liabilities (28,649) (25,194) (38,909) (34,134) (37,307) (31,276) (69,771) (63,823) Non-controlling interests (19,355) (17,194) (23,695) (19,753) (10,197) (9,162) (28,064) (33,345) Equity attributable to Brookfield $ 4,641 $ 4,573 $ 2,696 $ 1,920 $ 2,803 $ 2,175 $ 32,004 $ 19,331 Revenues $ 4,096 $ 3,810 $ 11,537 $ 8,885 $ 46,587 $ 37,635 $ 9,955 $ 8,883 Net income (loss) attributable to: Non-controlling interests $ 151 $ 162 $ 2,489 $ 863 $ 1,846 $ 686 $ 3,831 $ (336) Shareholders (217) (207) 230 41 307 (106) 1,616 (1,321) $ (66) $ (45) $ 2,719 $ 904 $ 2,153 $ 580 $ 5,447 $ (1,657) Other comprehensive income (loss) attributable to: Non-controlling interests $ 1,835 $ 1,621 $ 197 $ (82) $ 218 $ 25 $ 857 $ 464 Shareholders 931 653 63 20 65 47 442 401 $ 2,766 $ 2,274 $ 260 $ (62) $ 283 $ 72 $ 1,299 $ 865 The summarized cash flows of the company’s subsidiaries with material non-controlling interests are as follows: BEP BIP BBU BPG FOR THE YEARS ENDED DEC. 31 (MILLIONS) 2021 2020 2021 2020 2021 2020 2021 2020 Cash flows from (used in): Operating activities $ 734 $ 1,296 $ 2,772 $ 2,530 $ 1,693 $ 4,205 $ 3,924 $ (439) Financing activities 2,143 (792) (995) 2,126 7,063 (1,077) 7,790 4,330 Investing activities (2,504) (426) (1,173) (4,609) (8,926) (2,334) (10,210) (3,401) Distributions paid to non-controlling interests in common equity $ 456 $ 323 $ 715 $ 642 $ 13 $ 13 $ 120 $ 528 Brookfield Finance Inc. (“BFI”) was incorporated on March 31, 2015 under the Business Corporations Act (Ontario) and is an indirect 100% owned subsidiary of the Corporation that may offer and sell debt securities. Any debt securities issued by BFI are fully and unconditionally guaranteed by the Corporation. BFI issued: • $500 million of 4.25% notes due in 2026 on June 2, 2016; • $550 million of 4.70% notes due in 2047 on September 14, 2017; • $350 million of 4.70% notes due in 2047 on January 17, 2018; • $650 million of 3.90% notes due in 2028 on January 17, 2018; • $1.0 billion of 4.85% notes due in 2029 on January 29, 2019; • $600 million of 4.35% notes due in 2030 on April 9, 2020; • $150 million of 4.35% notes due in 2030 on April 14, 2020; • $500 million of 3.50% notes due in 2051 on September 28, 2 020; • $400 million of 4.625% subordinated notes due in 2080 on October 16, 2020; • $500 million of 2.724% notes due in 2031 on April 12, 2021; and • $250 million of 3.50% notes due in 2051 on July 26, 2021. Brookfield Finance LLC (“BFL”) is a Delaware limited liability company formed on February 6, 2017 and an indirect 100% owned subsidiary of the Corporation. Brookfield Finance II Inc. (“BFI II”) was incorporated on September 24, 2020 under the Business Corporations Act (Ontario) and is a direct 100% owned subsidiary of the Corporation. Brookfield Finance (Australia) Pty Ltd (“BF AUS”) was incorporated on September 24, 2020 under the Corporations Act 2001 (Commonwealth of Australia) and is an indirect 100% owned subsidiary of the Corporation. Brookfield Finance I (UK) PLC (“BF U.K.”) was incorporated on September 25, 2020 under the U.K. Companies Act 2006 and is an indirect 100% owned subsidiary of the Corporation. Brookfield Finance II LLC (“BFL II”) was formed on September 24, 2020 under the Delaware Limited Liability Company Act and is an indirect 100% owned subsidiary of the Corporation. BFL, BFL II, BF AUS and BF U.K. are consolidated subsidiaries of the Corporation that may offer and sell debt securities or, in the case of BFL II, preferred shares representing limited liability company interests. Any debt securities issued by BFL and BF U.K. are, and any debt securities issued by BF AUS and BFI II and any preferred shares representing limited liability company interests issued by BFL II will be, fully and unconditionally guaranteed as to payment of principal, premium (if any), interest and certain other amounts by the Corporation. On March 10, 2017, BFL issued $750 million of 4.00% notes due in 2024. On December 31, 2018, as part of an internal reorganization, the 2024 notes were transferred to BFI. On February 21, 2020, BFL issued $600 million of 3.45% notes due in 2050. On November 24, 2020, BF U.K. issued $230 million of 4.50% perpetual subordinated notes. On July 26, 2021, BF U.K. issued $600 million of 2.34% notes due in 2032. BFI II, BFL, BFL II, BF AUS and BF U.K. have no independent activities, assets or operations other than in connection with any securities that they may issue. Brookfield Investments Corporation (“BIC”) is an investment company that holds investments in the real estate, renewable power and infrastructure sectors, as well as a portfolio of preferred shares issued by the Corporation’s subsidiaries. The Corporation provided a full and unconditional guarantee of the Class 1 Senior Preferred Shares, Series A issued by BIC. As at December 31 , 2021, C$37 million of the se senior preferred shares were held by third-party shareholders and are retractable at the option of the holder. On February 4, 2022, BFI issued an additional $400 million of its existing 3.90% notes due in 2028 and issued $400 million of 3.625% notes due in 2052. The following tables contain summarized financial information of the Corporation, BFI, BFI II, BFL, BFL II, BF AUS, BF U.K., BIC and non-guarantor subsidiaries: AS AT AND FOR THE YEAR ENDED DEC. 31, 2021 The Corporation 1 BFI BFI II BFL BFL II BF BF BIC Other subsidiaries of the Corporation 2 Consolidating Adjustments 3 The Company Revenues $ 1,373 $ 250 $ — $ 33 $ — $ — $ 9 $ 121 $ 82,663 $ (8,718) $ 75,731 Net income (loss) attributable to shareholders 3,966 (8) — — — — 5 (251) 6,100 (5,846) 3,966 Total assets 84,793 8,256 — 607 — — 843 5,433 400,288 (109,217) 391,003 Total liabilities 38,438 6,387 — 597 — — 603 3,734 237,100 (30,597) 256,262 Non-controlling interest – preferred equity — — — — — — 230 — — — 230 AS AT AND FOR THE YEAR The Corporation 1 BFI BFI II BFL BFL II BF BF BIC Other subsidiaries of the Corporation 2 Consolidating Adjustments 3 The Company Revenues $ 626 $ 280 $ — $ 28 $ — $ — $ 2 $ 163 $ 70,385 $ (8,732) $ 62,752 Net income (loss) attributable to shareholders (134) 73 — — — — 1 91 6,368 (6,533) (134) Total assets 73,898 7,207 — 600 — — 233 4,280 350,687 (93,209) 343,696 Total liabilities 38,060 5,547 — 596 — — 3 2,690 206,877 (32,719) 221,054 Non-controlling interest – preferred equity — — — — — — 230 — — — 230 1. This column accounts for investments in all subsidiaries of the Corporation under the equity method. 2. This column accounts for investments in all subsidiaries of the Corporation other than BFI, BFL, BIC, BFI II, BF AUS, BF U.K. and BFL II on a combined basis. 3. This column includes the necessary amounts to present the company on a consolidated basis.

ACCOUNTS RECEIVABLE AND OTHER

ACCOUNTS RECEIVABLE AND OTHER	12 Months Ended
ACCOUNTS RECEIVABLE AND OTHER	Dec. 31, 2021
Subclassifications of assets, liabilities and equities [abstract]
Disclosure of trade and other receivables [text block]	ACCOUNTS RECEIVABLE AND OTHER AS AT DEC. 31 (MILLIONS) Note 2021 2020 Accounts receivable (a) $ 11,332 $ 10,113 Prepaid expenses and other assets (a) 8,162 6,335 Restricted cash (b) 2,266 2,395 Sustainable resources (c) — 85 Total $ 21,760 $ 18,928 The current and non-current balances of accounts receivable and other are as follows: AS AT DEC. 31 (MILLIONS) 2021 2020 Current $ 16,098 $ 14,187 Non-current 5,662 4,741 Total $ 21,760 $ 18,928 a) Accounts Receivable and Other Assets Accounts receivable includes contract assets of $651 million (2020 – $632 million). Contract assets primarily relate to work-in-progress on our long-term construction services contracts for which customers have not yet been billed. b) Restricted Cash Restricted cash primarily relates to the financing arrangements including defeasement of debt obligations, debt service accounts and deposits held by the company’s insurance operations across our segments. c) Sustainable Resources The following table presents the change in the balance of timber and other agricultural assets: AS AT AND FOR THE YEARS ENDED DEC. 31 (MILLIONS) 2021 2020 Balance, beginning of year $ 85 $ 109 Additions 28 75 Dispositions (63) — Fair value adjustments (5) 2 Decrease due to harvest (41) (61) Foreign currency changes (4) (40) Balance, end of year $ — $ 85 Dispositions of $63 million in 2021 mainly relate to the sale of our agricultural asset portfolio. The carrying values are based on external appraisals completed annually as at December 31. The appraisals utilize a combination of the discounted cash flow and sales comparison approaches to arrive at the estimated value. The significant unobservable inputs (Level 3) included in the discounted cash flow models used when determining the fair value of standing timber and agricultural assets include: Valuation Techniques Significant Unobservable Inputs Relationship of Unobservable Inputs to Fair Value Mitigating Factors Discounted cash flow analysis • Future cash flows • Increases (decreases) in future cash flows increase (decrease) fair value • Increases (decreases) in cash flows tend to be accompanied by increases (decreases) in discount rates that may offset changes in fair value from cash flows • Timber / agricultural prices • Increases (decreases) in price increase (decrease) fair value • Increases (decreases) in price tend to be accompanied by increases (decreases) in discount rates that may offset changes in fair value from price • Discount rate /terminal capitalization rate • Increases (decreases) in discount rate or terminal capitalization rate decrease (increase) fair value • Decreases (increases) in discount rates or terminal capitalization rates tend to be accompanied by increases (decreases) in cash flows that may offset changes in fair value from rates • Exit Date • Increases (decreases) in exit date decrease (increase) fair value • Increases (decreases) in the exit date tend to be the result of changing cash flow profiles that may result in higher (lower) growth in cash flows prior to stabilizing in the terminal year

INVENTORY

INVENTORY	12 Months Ended
INVENTORY	Dec. 31, 2021
Inventories [Abstract]
Disclosure of inventories [text block]	INVENTORY The following table presents the components of inventory: AS AT DEC. 31 (MILLIONS) 2021 2020 Residential properties under development $ 2,135 $ 2,816 Land held for development 1,802 2,015 Completed residential properties 1,869 743 Industrial products 3,113 2,611 Other 1 2,496 2,175 Total $ 11,415 $ 10,360 1. Other includes fuel inventory of $731 million (2020 – $651 million) and office developments of $213 million (2020 – $581 million). The current and non-current balances of inventory are as follows: AS AT DEC. 31 (MILLIONS) 2021 2020 Current $ 8,557 $ 6,337 Non-current 2,858 4,023 Total $ 11,415 $ 10,360 During the year ended December 31, 2021, the company recognized $35.7 billion of inventory relating to cost of goods sold (2020 – $24.6 billion) and a $96 million expense for impaired inventory (2020 – $107 million). The carrying amount of inventory pledged as collateral at December 31, 2021 was $6.8 billion (2020 – $6.0 billion).

INVESTMENT PROPERTIES

INVESTMENT PROPERTIES	12 Months Ended
INVESTMENT PROPERTIES	Dec. 31, 2021
Investment property [abstract]
INVESTMENT PROPERTIES	INVESTMENT PROPERTIES The following table presents the change in the fair value of the company’s investment properties: AS AT AND FOR THE YEARS ENDED DEC. 31 (MILLIONS) 2021 2020 Fair value, beginning of year $ 96,782 $ 96,686 Additions 13,558 8,180 Acquisitions through business combinations 988 — Changes in basis of accounting 599 193 Dispositions 1 (15,017) (9,284) Fair value changes 5,073 (269) Foreign currency translation and other (1,118) 1,276 Fair value, end of year 2 $ 100,865 $ 96,782 1. Includes amounts reclassified to held for sale. 2. As at December 31, 2021, the ending balance includes $94.9 billion (2020 – $90.4 billion) of investment properties leased to third parties and $4.1 billion of ROU investment properties (December 31, 2020 – $3.3 billion). Investment properties include the company’s office, retail, multifamily and other properties, as well as highest and best-use land within the company’s sustainable resources operations. Additions of $13.6 billion primarily relate to the purchases of investment properties within our real estate funds and enhancement of existing assets during the year. Dispositions of $15.0 billion (2020 – 9.3 billion) included the sale of multiple triple net lease investment properties, multi-family and retail assets in the U.S. In addition, the current period includes the reclassification of certain assets held within our real estate funds to assets held for sale. Investment properties generated $5.7 billion (2020 – $5.7 billion) in rental income and incurred $2.6 billion (2020 – $2.5 billion) in direct operating expenses. Most of our investment properties are pledged as collateral for the non-recourse borrowings at their respective properties. The following table presents our investment properties measured at fair value: AS AT DEC. 31 (MILLIONS) 2021 2020 Core $ 19,384 $ 19,339 Transitional and Development 27,669 29,764 LP investments 51,620 45,857 Other investment properties 2,192 1,822 $ 100,865 $ 96,782 Significant unobservable inputs (Level 3) are utilized when determining the fair value of investment properties. The significant Level 3 inputs include: Valuation Technique Significant Unobservable Inputs Relationship of Unobservable Inputs to Fair Value Mitigating Factors Discounted cash flow analysis 1 • Future cash flows – primarily driven by net operating income • Increases (decreases) in future cash flows increase (decrease) fair value • Increases (decreases) in cash flows tend to be accompanied by increases (decreases) in discount rates that may offset changes in fair value from cash flows • Discount rate • Increases (decreases) in discount rate decrease (increase) fair value • Increases (decreases) in discount rates tend to be accompanied by increases (decreases) in cash flows that may offset changes in fair value from discount rates • Terminal capitalization rate • Increases (decreases) in terminal capitalization rate decrease (increase) fair value • Increases (decreases) in terminal capitalization rates tend to be accompanied by increases (decreases) in cash flows that may offset changes in fair value from terminal capitalization rates • Investment horizon • Increases (decreases) in the investment horizon decrease (increase) fair value • Increases (decreases) in the investment horizon tend to be the result of changing cash flow profiles that may result in higher (lower) growth in cash flows prior to stabilizing in the terminal year 1. Certain investment properties are valued using the direct capitalization method instead of a discounted cash flow model. Under the direct capitalization method, a capitalization rate is applied to estimated current year cash flows. The company’s investment properties are diversified by asset type, asset class, geography and market. Therefore, there may be mitigating factors in addition to those noted above, such as changes to assumptions that vary in direction and magnitude across different geographies and markets. The following table summarizes the key valuation metrics of the company’s investment properties: 2021 2020 AS AT DEC. 31 Discount Terminal Investment Discount Rate Terminal Capitalization Rate Investment Horizon (years) Core 5.9 % 4.6 % 11 6.0 % 4.6 % 11 Transitional and Development 1 7.3 % 5.8 % 10 7.2 % 5.9 % 10 LP investments 1 9.1 % 5.9 % 13 9.4 % 6.0 % 14 Other investment properties 2 8.7% n/a n/a 5.0 – 8.7% n/a n/a 1. The rates presented are for investment properties valued using the discounted cash flow method. These rates exclude multifamily, triple net lease, student housing, manufactured housing and other investment properties valued using the direct capitalization method. 2. Other investment properties include investment properties held in our Infrastructure and Residential Development segments.

INTANGIBLE ASSETS

INTANGIBLE ASSETS	12 Months Ended
INTANGIBLE ASSETS	Dec. 31, 2021
Intangible assets other than goodwill [abstract]
Disclosure of intangible assets [text block]	INTANGIBLE ASSETS The following table presents a continuity of the company’s intangible assets: Cost Accumulated Amortization and Impairment Total AS AT AND FOR THE YEARS ENDED DEC. 31 (MILLIONS) 2021 2020 2021 2020 2021 2020 Balance, beginning of year $ 27,946 $ 30,232 $ (3,288) $ (2,522) $ 24,658 $ 27,710 Additions 251 452 — — 251 452 Disposals 1 (972) (2,246) 383 307 (589) (1,939) Acquisitions through business combinations 8,639 703 — 7 8,639 710 Amortization — — (1,477) (1,310) (1,477) (1,310) Foreign currency translation (1,054) (1,195) 181 230 (873) (965) Balance, end of year $ 34,810 $ 27,946 $ (4,201) $ (3,288) $ 30,609 $ 24,658 1. Includes assets sold and amounts reclassified to held for sale. Intangible assets are allocated to the following operating segments: AS AT DEC. 31 (MILLIONS) Note 2021 2020 Private Equity (a) $ 14,806 $ 11,261 Infrastructure (b) 14,214 11,769 Real Estate (c) 1,226 1,177 Renewable Power and Transition and other 363 451 $ 30,609 $ 24,658 a) Private Equity The intangible assets in our Private Equity segment are primarily related to: • Customer relationships of $7.5 billion (2020 – $5.1 billion), which increased from prior year primarily due to the acquisitions of a modular building leasing services operation and an engineered components manufacturer. The customer relationships acquired have a useful life of up to 23 years. • Computer software, patents, trademarks and proprietary technology of $3.9 billion (2020 – $3.2 billion), which increased from prior year mainly due to the acquisitions completed in 2021. The proprietary technology has the potential to provide competitive advantages and product differentiation and has a useful life of 15 years. • Water and sewage concession agreements, the majority of which are arrangements with municipal governments across Brazil, of $1.8 billion (2020 – $1.8 billion). The concession agreements provide the company the right to charge fees to users over the terms of the agreements in exchange for water treatment services, ongoing and regular maintenance work on water distribution assets and improvements to the water treatment and distribution systems. The concession agreements have expiration dates that range from 2037 to 2056, which is the basis for the company’s determination of the assets’ remaining useful life. Upon expiry of the agreements, the assets will be returned to the government. • Brand names of $1.0 billion (2020 – $423 million), which increased from prior year mainly due to the acquisition of the aforementioned modular building leasing services operation, have an indefinite useful life. b) Infrastructure The intangible assets in our Infrastructure segment are primarily related to: • Concession arrangements of $2.6 billion (2020 – $2.9 billion) at our Brazilian regulated transmission operation that provide the right to charge a tariff over the term of the agreements. The agreements have an expiration date between 2039 and 2041 until the approval of new legislation in April 2021, which extended these finite authorizations in perpetuity. These assets are amortized on a straight-line basis over 31 years, on average. • Customer relationships and shipping agreements of $2.5 billion (2020 – $nil) at our Canadian diversified midstream operation, relating to long-term take-or-pay and fee-for-service contractual arrangements. These agreements are with investment grade counterparties. These assets are amortized on a straight-line basis over the estimated useful life. • Customer relationships, operating network agreements and track access rights of $1.7 billion (2020 – $1.9 billion) at our North American rail operations. These intangible assets are long-term leases and not expected to be negatively impacted in the long term. • Concession arrangements totaling $1.6 billion (2020 – $2.6 billion) relating to our Peruvian and Indian toll roads, which provide the right to charge a tariff to users of the roads over the terms of the concessions. The decrease from 2020 is primarily due to the disposition of our Chilean toll roads. The Peruvian concessions have an expiration date of 2043, while the Indian concessions have expiration dates from 2026 to 2041. The company uses these expiration dates as a basis for determining the assets’ remaining useful lives. • Concession arrangements of $1.4 billion (2020 – $270 million) at our Brazilian electricity transmission operation, which grants the right to construct, maintain and operate the transmission lines. Concessions are awarded for a period of 30 years. • Contractual customer relationships, customer contracts and proprietary technology of $1.3 billion (2020 – $1.4 billion) at our North American residential energy infrastructure operations. This business generates revenue under long-term contracts with a diversified customer base across North America. • Indefinite life intangible assets of $899 million ( 2020 – $876 million). c) Real Estate The intangible assets in our Real Estate segment are primarily attributable to indefinite life trademarks associated with the hospitality assets, which include Center Parcs U.K. properties (“Center Parcs”). The Center Parcs trademark assets have been determined to have an indefinite useful life as the company has the legal right to operate these trademarks exclusively in certain territories and in perpetuity. The business model of Center Parcs is not subject to technological obsolescence or commercial innovations in any material way. Inputs Used to Determine Recoverable Amounts of Intangible Assets We test finite life intangible assets for impairment when an impairment indicator is identified. Indefinite life intangible assets are tested for impairment annually. We use a discounted cash flow valuation to determine the recoverable amount and consider the following significant unobservable inputs as part of our valuation: Valuation Technique Significant Unobservable Input(s) Relationship of Unobservable Input(s) to Fair Value Mitigating Factor(s) Discounted cash flow models • Future cash flows • Increases (decreases) in future cash flows increase (decrease) the recoverable amount • Increases (decreases) in cash flows tend to be accompanied by increases (decreases) in discount rates that may offset changes in recoverable amounts from cash flows • Discount rate • Increases (decreases) in discount rate decrease (increase) the recoverable amount • Increases (decreases) in discount rates tend to be accompanied by increases (decreases) in cash flows that may offset changes in recoverable amounts from discount rates • Terminal capitalization rate • Increases (decreases) in terminal capitalization rate decrease (increase) the recoverable amount • Increases (decreases) in terminal capitalization rates tend to be accompanied by increases (decreases) in cash flows that may offset changes in recoverable amounts from terminal capitalization rates • Exit date • Increases (decreases) in the exit date decrease (increase) the recoverable amount • Increases (decreases) in the exit date tend to be the result of changing cash flow profiles that may result in higher (lower) growth in cash flows prior to stabilizing in the terminal year

GOODWILL

GOODWILL	12 Months Ended
GOODWILL	Dec. 31, 2021
Goodwill [Abstract]
Goodwill	GOODWILL The following table presents the balance and nature of the changes in goodwill: Cost Accumulated Impairment Total AS AT AND FOR THE YEARS ENDED DEC. 31 (MILLIONS) 2021 2020 2021 2020 2021 2020 Balance, beginning of year $ 15,539 $ 15,412 $ (825) $ (862) $ 14,714 $ 14,550 Acquisitions through business combinations 6,591 145 — — 6,591 145 Impairment losses — — (177) (3) (177) (3) Foreign currency translation and other 1 (914) (18) 13 40 (901) 22 Balance, end of year $ 21,216 $ 15,539 $ (989) $ (825) $ 20,227 $ 14,714 1. Includes adjustment to goodwill based on final purchase price allocation. Goodwill is allocated to the following operating segments: AS AT DEC. 31 (MILLIONS) Note 2021 2020 Infrastructure (a) $ 8,979 $ 6,634 Private Equity (b) 8,585 5,244 Real Estate (c) 1,248 1,404 Renewable Power and Transition (d) 966 970 Asset Management 361 368 Corporate Activities and Residential Development 88 94 Total $ 20,227 $ 14,714 a) Infrastructure Goodwill in our Infrastructure segment increased from prior year primarily due to the acquisition of IPL completed in 2021. In addition to goodwill from acquisitions completed in 2021, goodwill is attributable to our North American rail operations, North American residential energy infrastructure operation, Western Canadian natural gas gathering and processing operation, U.S. data center operation, Brazilian regulated transmission operation, Colombian natural gas distribution operation, and U.K. telecom tower operation. The valuation assumptions used to determine the recoverable amount of goodwill has been determined using a discounted cash flow model. The key inputs are discount rates ranging from 11% – 14%, terminal capitalization multiples of 6x – 20x and cash flow periods from 6 – 20 years. The recoverable amounts for the years ended 2021 and 2020 were determined to be in excess of their carrying values. b) Private Equity Goodwill in our Private Equity segment increased from prior year largely due to the acquisitions of a modular building leasing services operation and an engineered components manufacturer. These acquisitions were partially offset by the adverse impact of foreign currency translation and an impairment loss in our offshore oil services operation. c) Real Estate Goodwill in our Real Estate segment is primarily attributable to Center Parcs U.K. Its recoverable amounts for the years ended 2021 and 2020 were determined to be in excess of its carrying values. The valuation assumptions used to determine the recoverable amount for Center Parcs were a discount rate of 9.3% (2020 – 9.5%) based on a market-based-weighted-average cost of capital, and a long-term growth rate of 3.0% (2020 – 3.0%). The valuation assumptions used to determine the recoverable amount for IFC Seoul in 2020 were a discount rate of 7.2% based on a market-based-weighted-average cost of capital and a long-term growth rate of 2.8%. IFC Seoul has been classified as an asset held for sale in 2021. d) Renewable Power and Transition Goodwill in our Renewable Power and Transition segment, which is primarily attributable to a hydroelectric portfolio, arose from the inclusion of a deferred tax liability as the tax bases of the net assets acquired were lower than their fair values. The goodwill is recoverable as long as the tax circumstances that gave rise to the goodwill do not change. To date, no such changes have occurred. Inputs used to Determine Recoverable Amounts of Goodwill The recoverable amounts used in goodwill impairment testing are calculated using discounted cash flow models based on the following significant unobservable inputs: Valuation Technique Significant Unobservable Input(s) Relationship of Unobservable Input(s) to Fair Value Mitigating Factor(s) Discounted cash flow models • Future cash flows • Increases (decreases) in future cash flows increase (decrease) the recoverable amount • Increases (decreases) in cash flows tend to be accompanied by increases (decreases) in discount rates that may offset changes in recoverable amounts from cash flows • Discount rate • Increases (decreases) in discount rate decrease (increase) the recoverable amount • Increases (decreases) in discount rates tend to be accompanied by increases (decreases) in cash flows that may offset changes in recoverable amounts from discount rates • Terminal capitalization rate/multiple • Increases (decreases) in terminal capitalization rate/multiple decrease (increase) the recoverable amount • Increases (decreases) in terminal capitalization rates/multiple tend to be accompanied by increases (decreases) in cash flows that may offset changes in recoverable amounts from terminal capitalization rates • Exit date/terminal year of cash flows • Increases (decreases) in the exit date/terminal year of cash flows decrease (increase) the recoverable amount • Increases (decreases) in the exit date/terminal year of cash flows tend to be the result of changing cash flow profiles that may result in higher (lower) growth in cash flows prior to stabilizing in the terminal year

INCOME TAXES

INCOME TAXES	12 Months Ended
INCOME TAXES	Dec. 31, 2021
Income Taxes [Abstract]
INCOME TAXES	INCOME TAXES The major components of income tax expense for the years ended December 31, 2021 and 2020 are set out below: FOR THE YEARS ENDED DEC. 31 (MILLIONS) 2021 2020 Current income tax expense $ 1,114 $ 756 Deferred income tax expense / (recovery) Origination and reversal of temporary differences 1,044 (103) (Recovery) / expense arising from previously unrecognized tax assets (251) 2 Change of tax rates and new legislation 417 182 Total deferred income tax expense 1,210 81 Income tax expense $ 2,324 $ 837 The company’s Canadian domestic statutory income tax rate has remained consistent at 26% throughout both of 2021 and 2020. The company’s effective income tax rate is different from the company’s domestic statutory income tax rate due to the following differences set out below: FOR THE YEARS ENDED DEC. 31 2021 2020 Statutory income tax rate 26 % 26 % Increase (reduction) in rate resulting from: Change in tax rates and new legislation 3 12 International operations subject to different tax rates (1) 52 Taxable income attributable to non-controlling interests (10) (31) Portion of gains subject to different tax rates (3) (10) Recognition of deferred tax assets (2) (10) Non-recognition of the benefit of current year’s tax losses 2 8 Other 1 7 Effective income tax rate 16 % 54 % Deferred income tax assets and liabilities as at December 31, 2021 and 2020 relate to the following: AS AT DEC. 31 (MILLIONS) 2021 2020 Non-capital losses (Canada) $ 1,339 $ 916 Capital losses (Canada) 53 48 Losses (U.S.) 3,561 3,338 Losses (International) 1,474 1,415 Difference in basis (23,415) (18,292) Total net deferred tax liabilities $ (16,988) $ (12,575) The aggregate amount of temporary differences associated with investments in subsidiaries for which deferred tax liabilities have not been recognized as at December 31, 2021 is approximately $9 billion (2020 – approximately $5 billion). The company regularly assesses the status of open tax examinations and its historical tax filing positions for the potential for adverse outcomes to determine the adequacy of the provision for income and other taxes. The company believes that it has adequately provided for any tax adjustments that are more likely than not to occur as a result of ongoing tax examinations or historical filing positions. The dividend payment on certain preferred shares of the company results in the payment of cash taxes in Canada and the company obtaining a deduction based on the amount of these taxes. The following table details the expiry date, if applicable, of the unrecognized deferred tax assets: AS AT DEC. 31 (MILLIONS) 2021 2020 One year from reporting date $ 8 $ 4 Two years from reporting date 30 20 Three years from reporting date 15 20 After three years from reporting date 487 465 Do not expire 1,891 1,473 Total $ 2,431 $ 1,982 The components of the income taxes in other comprehensive income for the years ended December 31, 2021 and 2020 are set out below: FOR THE YEARS ENDED DEC. 31 (MILLIONS) 2021 2020 Revaluation of property, plant and equipment $ 1,549 $ 1,214 Financial contracts and power sale agreements 89 (59) Fair value through OCI securities 83 74 Foreign currency translation (21) 37 Revaluation of pension obligation 71 (40) Total deferred tax in other comprehensive income $ 1,771 $ 1,226

CORPORATE BORROWINGS

CORPORATE BORROWINGS	12 Months Ended
CORPORATE BORROWINGS	Dec. 31, 2021
Disclosure of financial liabilities [abstract]
CORPORATE BORROWINGS	CORPORATE BORROWINGS AS AT DEC. 31 (MILLIONS) Maturity Annual Rate Currency 2021 2020 Term debt Public – Canadian Mar. 31, 2023 4.54 % C$ $ — $ 472 Public – Canadian Mar. 8, 2024 5.04 % C$ 396 393 Public – U.S. Apr. 1 , 2024 4.00 % US$ 749 749 Public – U.S. Jan. 15, 2025 4.00 % US$ 500 500 Public – Canadian Jan. 28, 2026 4.82 % C$ 679 675 Public – U.S. Jun. 2, 2026 4.25 % US$ 497 497 Public – Canadian Mar. 16, 2027 3.80 % C$ 396 393 Public – U.S. Jan. 25, 2028 3.90 % US$ 649 649 Public – U.S. Mar. 29, 2029 4.85 % US$ 999 999 Public – U.S. Apr. 15, 2030 4.35 % US$ 749 749 Public – U.S. Apr. 15, 2031 2.72 % US$ 500 — Public – U.S. Jan. 30, 2032 2.34 % US$ 600 — Public – U.S. Mar. 1, 2033 7.38 % US$ 250 250 Public – Canadian Jun. 14, 2035 5.95 % C$ 334 331 Private – Japanese Dec. 1, 2038 1.42 % JPY 87 97 Public – U.S. Sep. 20, 2047 4.70 % US$ 902 902 Public – U.S. Apr. 15, 2050 3.45 % US$ 594 594 Public – U.S. Mar. 30, 2051 3.50 % US$ 758 497 Public – U.S. Oct. 16, 2080 4.63 % US$ 400 400 10,039 9,147 Revolving facilities 1 912 — Deferred financing costs 2 (76) (70) Total $ 10,875 $ 9,077 1. Reflects commercial paper and credit facility draws outstanding as at December 31, 2021. 2. Deferred financing costs are amortized to interest expense over the term of the borrowing using the effective interest method. Corporate borrowings, excluding revolving facilities, have a weighted-average interest rate of 4.2% (2020 – 4.4%). A portion of corporate borrowings are denominated in foreign currencies, which include C$2.3 billion (2020 – C$2.9 billion) payable in Canadian dollars or $1.8 billion (2020 – $2.3 billion) and ¥10 billion (2020 – ¥10 billion) payable in Japanese Yen or $87 million (2020 – $97 million). AS AT DEC. 31 (MILLIONS) Note 2021 2020 Subsidiary borrowings (a) $ 13,049 $ 10,768 Property-specific borrowings (b) 152,008 128,556 Total $ 165,057 $ 139,324 a) Subsidiary Borrowings Principal repayments on subsidiary borrowings due over the next five calendar years and thereafter are as follows: (MILLIONS) Real Estate Renewable Power and Transition Infrastructure Private Equity Residential Development Total 2022 $ 180 $ — $ 431 $ — $ 24 $ 635 2023 396 — — — 60 456 2024 792 — 554 — 41 1,387 2025 396 317 — — — 713 2026 2,760 — — 1,619 — 4,379 Thereafter 316 1,839 1,753 — 1,648 5,556 Total Principal repayments 4,840 2,156 2,738 1,619 1,773 13,126 Deferred financing costs and other (58) (9) (19) — 9 (77) Total – Dec. 31, 2021 $ 4,782 $ 2,147 $ 2,719 $ 1,619 $ 1,782 $ 13,049 Total – Dec. 31, 2020 $ 3,378 $ 2,132 $ 3,158 $ 310 $ 1,790 $ 10,768 The weighted-average interest rate on subsidiary borrowings as at December 31, 2021 was 3.5% (2020 – 3.5%). The current and non-current balances of subsidiary borrowings are as follows: AS AT DEC. 31 (MILLIONS) 2021 2020 Current $ 635 $ 317 Non-current 12,414 10,451 Total $ 13,049 $ 10,768 Subsidiary borrowings by currency include the following: AS AT DEC. 31 (MILLIONS) 2021 Local Currency 2020 Local Currency U.S. dollars $ 6,535 US$ 6,535 4,376 US$ 4,376 Canadian dollars 6,429 C$ 8,130 6,254 C$ 7,963 Brazilian reais 85 Rs 472 138 Rs 715 Total $ 13,049 $ 10,768 b) Property-Specific Borrowings Principal repayments on property-specific borrowings due over the next five calendar years and thereafter are as follows: (MILLIONS) Real Estate Renewable Power and Transition Infrastructure Private Equity Residential Development Total 2022 $ 22,314 $ 1,952 $ 4,230 $ 2,544 $ 204 $ 31,244 2023 13,538 2,768 2,806 1,877 157 21,146 2024 14,965 1,393 3,223 2,523 371 22,475 2025 8,287 1,142 2,863 4,227 2 16,521 2026 5,244 2,004 5,522 7,792 — 20,562 Thereafter 11,037 10,616 9,848 9,494 — 40,995 Total Principal repayments 75,385 19,875 28,492 28,457 734 152,943 Deferred financing costs and other (407) 18 23 (563) (6) (935) Total – Dec. 31, 2021 $ 74,978 $ 19,893 $ 28,515 $ 27,894 $ 728 $ 152,008 Total – Dec. 31, 2020 $ 67,073 $ 16,353 $ 21,309 $ 23,333 $ 488 $ 128,556 The weighted-average interest rate on property-specific borrowings as at December 31, 2021 was 4.0% (2020 – 4.2%). The current and non-current balances of property-specific borrowings are as follows: AS AT DEC. 31 (MILLIONS) 2021 2020 Current $ 31,244 $ 20,970 Non-current 120,764 107,586 Total $ 152,008 $ 128,556 Property-specific borrowings by currency include the following: AS AT DEC. 31 (MILLIONS) 2021 Local Currency 2020 Local Currency U.S. dollars $ 86,437 US$ 86,437 $ 78,223 US$ 78,223 British pounds 12,446 £ 9,197 10,341 £ 7,565 Indian rupees 8,223 Rs 613,684 8,978 Rs 655,328 Canadian dollars 16,660 C$ 21,054 8,458 C$ 10,771 Euros 12,722 € 11,204 7,816 € 6,398 Australian dollars 4,392 A$ 6,048 4,799 A$ 6,237 Brazilian reais 4,919 R$ 27,449 3,487 R$ 18,147 Colombian pesos 2,367 COP$ 9,480,307 2,141 COP$ 7,332,845 Korean won 1,910 ₩ 2,271,074 2,082 ₩ 2,268,301 Chilean unidades de fomento — UF — 1,187 UF 29 Other currencies 1,932 n/a n/a 1,044 n/a n/a Total $ 152,008 $ 128,556

ACCOUNTS PAYABLE AND OTHER

ACCOUNTS PAYABLE AND OTHER	12 Months Ended
ACCOUNTS PAYABLE AND OTHER	Dec. 31, 2021
Subclassifications of assets, liabilities and equities [abstract]
ACCOUNTS PAYABLE AND OTHER	ACCOUNTS PAYABLE AND OTHER AS AT DEC. 31 (MILLIONS) 2021 2020 Accounts payable $ 11,258 $ 9,543 Provisions 4,244 5,065 Lease liabilities 9,041 8,223 Other liabilities 28,003 27,851 Total $ 52,546 $ 50,682 The current and non-current balances of accounts payable, provisions and other liabilities are as follows: AS AT DEC. 31 (MILLIONS) 2021 2020 Current $ 29,136 $ 25,857 Non-current 23,410 24,825 Total $ 52,546 $ 50,682 Post-Employment Benefits The company offers pension and other post-employment benefit plans to employees of certain of its subsidiaries. The company’s obligations under its defined benefit pension plans are determined periodically through the preparation of actuarial valuations. The benefit plans’ valuation change during the year was an increase of $545 million (2020 – a decrease of $298 million). The discount rate used was 3% (2020 – 2%) with an increase in the rate of compensation of 1% (2020 – 1%), and an investment rate of 4% (2020 – 3%). AS AT DEC. 31 (MILLIONS) 2021 2020 Plan assets $ 3,503 $ 3,335 Less accrued benefit obligation: Defined benefit pension plan (4,352) (4,613) Other post-employment benefits (163) (185) Net liability (1,012) (1,463) Less: net actuarial (losses) gains and other (29) 11 Accrued benefit liability $ (1,041) $ (1,452)

NON-RECOURSE BORROWINGS

NON-RECOURSE BORROWINGS	12 Months Ended
NON-RECOURSE BORROWINGS	Dec. 31, 2021
Disclosure of financial liabilities [abstract]
NON-RECOURSE BORROWINGS	CORPORATE BORROWINGS AS AT DEC. 31 (MILLIONS) Maturity Annual Rate Currency 2021 2020 Term debt Public – Canadian Mar. 31, 2023 4.54 % C$ $ — $ 472 Public – Canadian Mar. 8, 2024 5.04 % C$ 396 393 Public – U.S. Apr. 1 , 2024 4.00 % US$ 749 749 Public – U.S. Jan. 15, 2025 4.00 % US$ 500 500 Public – Canadian Jan. 28, 2026 4.82 % C$ 679 675 Public – U.S. Jun. 2, 2026 4.25 % US$ 497 497 Public – Canadian Mar. 16, 2027 3.80 % C$ 396 393 Public – U.S. Jan. 25, 2028 3.90 % US$ 649 649 Public – U.S. Mar. 29, 2029 4.85 % US$ 999 999 Public – U.S. Apr. 15, 2030 4.35 % US$ 749 749 Public – U.S. Apr. 15, 2031 2.72 % US$ 500 — Public – U.S. Jan. 30, 2032 2.34 % US$ 600 — Public – U.S. Mar. 1, 2033 7.38 % US$ 250 250 Public – Canadian Jun. 14, 2035 5.95 % C$ 334 331 Private – Japanese Dec. 1, 2038 1.42 % JPY 87 97 Public – U.S. Sep. 20, 2047 4.70 % US$ 902 902 Public – U.S. Apr. 15, 2050 3.45 % US$ 594 594 Public – U.S. Mar. 30, 2051 3.50 % US$ 758 497 Public – U.S. Oct. 16, 2080 4.63 % US$ 400 400 10,039 9,147 Revolving facilities 1 912 — Deferred financing costs 2 (76) (70) Total $ 10,875 $ 9,077 1. Reflects commercial paper and credit facility draws outstanding as at December 31, 2021. 2. Deferred financing costs are amortized to interest expense over the term of the borrowing using the effective interest method. Corporate borrowings, excluding revolving facilities, have a weighted-average interest rate of 4.2% (2020 – 4.4%). A portion of corporate borrowings are denominated in foreign currencies, which include C$2.3 billion (2020 – C$2.9 billion) payable in Canadian dollars or $1.8 billion (2020 – $2.3 billion) and ¥10 billion (2020 – ¥10 billion) payable in Japanese Yen or $87 million (2020 – $97 million). AS AT DEC. 31 (MILLIONS) Note 2021 2020 Subsidiary borrowings (a) $ 13,049 $ 10,768 Property-specific borrowings (b) 152,008 128,556 Total $ 165,057 $ 139,324 a) Subsidiary Borrowings Principal repayments on subsidiary borrowings due over the next five calendar years and thereafter are as follows: (MILLIONS) Real Estate Renewable Power and Transition Infrastructure Private Equity Residential Development Total 2022 $ 180 $ — $ 431 $ — $ 24 $ 635 2023 396 — — — 60 456 2024 792 — 554 — 41 1,387 2025 396 317 — — — 713 2026 2,760 — — 1,619 — 4,379 Thereafter 316 1,839 1,753 — 1,648 5,556 Total Principal repayments 4,840 2,156 2,738 1,619 1,773 13,126 Deferred financing costs and other (58) (9) (19) — 9 (77) Total – Dec. 31, 2021 $ 4,782 $ 2,147 $ 2,719 $ 1,619 $ 1,782 $ 13,049 Total – Dec. 31, 2020 $ 3,378 $ 2,132 $ 3,158 $ 310 $ 1,790 $ 10,768 The weighted-average interest rate on subsidiary borrowings as at December 31, 2021 was 3.5% (2020 – 3.5%). The current and non-current balances of subsidiary borrowings are as follows: AS AT DEC. 31 (MILLIONS) 2021 2020 Current $ 635 $ 317 Non-current 12,414 10,451 Total $ 13,049 $ 10,768 Subsidiary borrowings by currency include the following: AS AT DEC. 31 (MILLIONS) 2021 Local Currency 2020 Local Currency U.S. dollars $ 6,535 US$ 6,535 4,376 US$ 4,376 Canadian dollars 6,429 C$ 8,130 6,254 C$ 7,963 Brazilian reais 85 Rs 472 138 Rs 715 Total $ 13,049 $ 10,768 b) Property-Specific Borrowings Principal repayments on property-specific borrowings due over the next five calendar years and thereafter are as follows: (MILLIONS) Real Estate Renewable Power and Transition Infrastructure Private Equity Residential Development Total 2022 $ 22,314 $ 1,952 $ 4,230 $ 2,544 $ 204 $ 31,244 2023 13,538 2,768 2,806 1,877 157 21,146 2024 14,965 1,393 3,223 2,523 371 22,475 2025 8,287 1,142 2,863 4,227 2 16,521 2026 5,244 2,004 5,522 7,792 — 20,562 Thereafter 11,037 10,616 9,848 9,494 — 40,995 Total Principal repayments 75,385 19,875 28,492 28,457 734 152,943 Deferred financing costs and other (407) 18 23 (563) (6) (935) Total – Dec. 31, 2021 $ 74,978 $ 19,893 $ 28,515 $ 27,894 $ 728 $ 152,008 Total – Dec. 31, 2020 $ 67,073 $ 16,353 $ 21,309 $ 23,333 $ 488 $ 128,556 The weighted-average interest rate on property-specific borrowings as at December 31, 2021 was 4.0% (2020 – 4.2%). The current and non-current balances of property-specific borrowings are as follows: AS AT DEC. 31 (MILLIONS) 2021 2020 Current $ 31,244 $ 20,970 Non-current 120,764 107,586 Total $ 152,008 $ 128,556 Property-specific borrowings by currency include the following: AS AT DEC. 31 (MILLIONS) 2021 Local Currency 2020 Local Currency U.S. dollars $ 86,437 US$ 86,437 $ 78,223 US$ 78,223 British pounds 12,446 £ 9,197 10,341 £ 7,565 Indian rupees 8,223 Rs 613,684 8,978 Rs 655,328 Canadian dollars 16,660 C$ 21,054 8,458 C$ 10,771 Euros 12,722 € 11,204 7,816 € 6,398 Australian dollars 4,392 A$ 6,048 4,799 A$ 6,237 Brazilian reais 4,919 R$ 27,449 3,487 R$ 18,147 Colombian pesos 2,367 COP$ 9,480,307 2,141 COP$ 7,332,845 Korean won 1,910 ₩ 2,271,074 2,082 ₩ 2,268,301 Chilean unidades de fomento — UF — 1,187 UF 29 Other currencies 1,932 n/a n/a 1,044 n/a n/a Total $ 152,008 $ 128,556

SUBSIDIARY EQUITY OBLIGATIONS

SUBSIDIARY EQUITY OBLIGATIONS	12 Months Ended
SUBSIDIARY EQUITY OBLIGATIONS	Dec. 31, 2021
Disclosure of financial liabilities [abstract]
Disclosure of Equity Interest Classified as Liabilities [Text Block]	SUBSIDIARY EQUITY OBLIGATIONS Subsidiary equity obligations consist of the following: AS AT DEC. 31 (MILLIONS) Note 2021 2020 Subsidiary preferred equity units (a) $ 1,585 $ 1,679 Limited-life funds and redeemable fund units (b) 1,538 1,456 Subsidiary preferred shares and capital (c) 1,185 564 Total $ 4,308 $ 3,699 a) Subsidiary Preferred Equity Units In 2014, BPY issued $1.8 billion of exchangeable preferred equity units in three $600 million tranches redeemable in 2021, 2024 and 2026, respectively. The preferred equity units were originally exchangeable into equity units of BPY at $25.70 per unit, at the option of the holder, at any time up to and including the maturity date. Following the privatization of BPY (“BPY privatization”), the preferred equity units became exchangeable into cash equal to the value of the consideration that would have been received upon the BPY privatization (a combination of cash, BAM shares and New LP Preferred Units), based on the value of that consideration on the date of exchange. BPY also has the option of delivering the actual consideration (a combination of cash, BAM shares and New LP Preferred Units). Following the BPY privatization, we have agreed with the holder to grant the company the right to purchase all or any portion of the preferred equity units of the holder at maturity, and to grant the holder the right to sell all or any portion of the preferred equity units of the holder at maturity, in each case at a price equal to the issue price for such preferred equity units plus accrued and unpaid distributions. On December 30, 2021, the company acquired the tranche redeemable in 2021 from the holder and exchanged such units for Redemption-Exchange Units. The preferred equity units were subsequently cancelled, as further described in Note 28(a). Subsidiary preferred equity units include $474 million at December 31, 2021 (2020 – $nil) of preferred equity interests issued in connection with the BPY privatization which have been classified as a liability due to the fact the holders of such interests can demand cash payment upon maturity on July 26, 2081, for the liquidation preference of $25.00 per unit and any accumulated unpaid dividends. AS AT DEC. 31 (MILLIONS, EXCEPT PER SHARE INFORMATION) Shares Outstanding Cumulative Dividend Rate Local Currency 2021 2020 Series 1 — 6.25 % US$ $ — $ 586 Series 2 24,000,000 6.50 % US$ 565 555 Series 3 24,000,000 6.75 % US$ 546 538 New LP Preferred Units 19,273,654 6.25 % US$ 474 — Total $ 1,585 $ 1,679 b) Limited-Life Funds and Redeemable Fund Units Limited-life funds and redeemable fund units represent interests held in our consolidated funds by third-party investors that have been classified as a liability, as holders of these interests can cause our funds to redeem their interest in the fund for cash equivalents at a specified time. As at December 31, 2021, we have $1.5 billion (2020 – $1.5 billion) of subsidiary equity obligations arising from limited-life funds and redeemable fund units. In our Real Estate business, limited-life fund obligations include $859 million (2020 – $864 million) of equity interests held by third-party investors in two consolidated funds that have been classified as a liability, as holders of these interests can cause the funds to redeem their interests in the fund for cash equivalents at the fair value of the interest at a set date. As at December 31, 2021, we have $545 million (2020 – $517 million) of subsidiary equity obligations arising from limited-life fund units in our Infrastructure business. These obligations are primarily composed of the portion of the equity interest held by third-party investors in our timberland funds that are attributed to the value of the land held in the fund. The value of this equity interest has been classified as a liability, as we are obligated to purchase the land from the third-party investors on maturity of the fund. We also have $134 million of redeemable fund units (2020 – $75 million) in certain funds managed by our public securities business. c) Subsidiary Preferred Shares and Capital Preferred shares are classified as liabilities if the holders of the preferred shares have the right, after a fixed date, to convert the shares into common equity of the issuer based on the market price of the common equity of the issuer at that time unless they are previously redeemed by the issuer. The dividends paid on these securities are recorded in interest expense. As at December 31, 2021 and 2020, the balances consist of the following: AS AT DEC. 31 (MILLIONS, EXCEPT PER SHARE INFORMATION) Shares Outstanding Cumulative Dividend Rate Local Currency 2021 2020 Brookfield Property Split Corp. Series 1 842,534 5.25 % US$ $ 21 $ 21 Series 2 556,746 5.75 % C$ 11 11 Series 3 781,592 5.00 % C$ 15 16 Series 4 582,894 5.20 % C$ 12 12 BSREP II RH B LLC (“Manufactured Housing”) preferred capital — 9.00% US$ — 249 Rouse Series A preferred shares 5,600,000 5.00% US$ 142 142 Brookfield India Real Estate Trust (“BIRET”) 138,181,800 See footnote 1 US$ 440 — India Infrastructure Investment Trusts 371,800,000 See footnote 1 INR 471 — BSREP II Vintage Estate Partners LLC (“Vintage Estates”) preferred shares — 5.00% US$ — 40 BIP Investment Corporation Series 1 Senior preferred shares 4,000,000 5.85% C$ 73 73 Total $ 1,185 $ 564 1. The dividend rate pertaining to BIRET and India Infrastructure Investment Trusts is equal to a minimum of 90% of net distributable cash flows. Each series of the BOP Split senior preferred shares are redeemable at the option of either the issuer or the holder as the redemption and conversion option dates have passed. On December 31, 2020, subsidiary preferred capital was $249 million related to preferred equity interests held by a third-party investor in Manufactured Housing, which was previously classified as a liability, due to the fact that the holders were only entitled to distributions equal to their capital balance plus a 9% annual return payable in monthly distributions until maturity in December 2025. The preferred capital was issued to partially fund the acquisition of the Manufactured Housing portfolio during the first quarter of 2017 and was redeemed in the second quarter of 2021. Subsidiary preferred capital includes $440 million at December 31, 2021 (2020 – $nil) of preferred equity interests held by third-party investors in BIRET, which have been classified as a liability, due to the fact BIRET has a contractual obligation to make distributions to unitholders every six months at an amount no less than 90% of net distributable cash flows. Subsidiary preferred capital also includes $471 million at December 31, 2021 (2020 – $nil) of preferred equity interests held by third-party investors in India Infrastructure Investment Trusts, which have been classified as liabilities, as a result of contractual obligations to make distributions at an amount no less than 90% of net distributable cash flows. Subsidiary preferred shares include $142 million at December 31, 2021 (2020 – $142 million) of preferred equity interests held by a third-party investor in Rouse Properties, L.P., which have been classified as a liability, due to the fact that the interests are mandatorily redeemable on or after November 12, 2025 for a set price per unit plus any accrued but unpaid distributions; distributions are capped and accrue regardless of available cash generated.

DIRECT COSTS

DIRECT COSTS	12 Months Ended
DIRECT COSTS	Dec. 31, 2021
Analysis of income and expense [abstract]
DIRECT COSTS	DIRECT COSTS Direct costs include all attributable expenses except interest, taxes and fair value changes, and primarily relate to cost of sales and compensation. The following table lists direct costs for 2021 and 2020 by nature: FOR THE YEARS ENDED DEC. 31 (MILLIONS) 2021 2020 Cost of sales $ 44,149 $ 35,150 Compensation 7,804 6,857 Depreciation and amortization 6,437 5,791 Selling, general and administrative expenses 3,197 2,860 Property taxes, sales taxes and other 2,413 2,519 $ 64,000 $ 53,177

DERIVATIVE FINANCIAL INSTRUMENT

DERIVATIVE FINANCIAL INSTRUMENTS	12 Months Ended
DERIVATIVE FINANCIAL INSTRUMENTS	Dec. 31, 2021
Disclosure of detailed information about financial instruments [abstract]
DERIVATIVE FINANCIAL INSTRUMENTS	DERIVATIVE FINANCIAL INSTRUMENTS The company’s activities expose it to a variety of financial risks, including market risk (i.e. currency risk, interest rate risk and other price risk), credit risk and liquidity risk. The company selectively uses derivative financial instruments principally to manage these risks. The aggregate notional amount of the company’s derivative positions at December 31, 2021 and 2020 is as follows: AS AT DEC. 31 (MILLIONS) Note 2021 2020 Foreign exchange (a) $ 63,083 $ 39,284 Interest rates (b) 55,899 61,111 Equity derivatives (c) 4,448 2,081 Commodity instruments (d) Energy (GWh) 35,156 27,564 Natural gas (MMBtu – 000’s) 246,375 121,468 a) Foreign Exchange The company held the following foreign exchange contracts with notional amounts at December 31, 2021 and 2020: Notional Amount (U.S. Dollars) Average Exchange Rate (MILLIONS) 2021 2020 2021 2020 Foreign exchange contracts Canadian dollars $ 11,689 $ 7,539 0.81 0.76 British pounds 12,089 3,986 1.19 1.31 European Union euros 9,939 4,561 1.14 1.17 Australian dollars 4,791 2,632 0.72 0.69 Indian rupee 3,281 1,288 78.90 77.56 Chilean peso — 159 — 770.89 Korean won 1 756 700 1,151 1,175 Chinese yuan 1 2,484 1,633 6.02 7.05 Japanese yen 1 793 212 111.27 105.82 Colombian pesos 1 740 96 3,937 3,621 Brazilian reais 1,291 276 0.16 0.19 Swedish krona 1,475 1,647 9.08 8.58 Other currencies 2,799 903 Various Various Cross currency interest rate swaps Canadian dollars 5,566 6,868 0.63 0.77 European Union euros 848 1,914 1.06 1.06 Australian dollars 1,317 1,374 0.98 0.53 Japanese yen 1 750 750 113.33 113.33 British pounds 298 275 1.48 1.49 Colombian pesos 1 — 88 — 3,880 Foreign exchange futures Brazilian reais 175 105 0.18 0.19 Foreign exchange options Canadian dollars — 2,030 — 0.74 European Union euros 1,430 245 1.11 1.17 Indian rupee 572 — 74.56 — 1. Average rate is quoted using USD as base currency. Included in net income are unrealized net losses on foreign currency derivative contracts amounting to $53 million (2020 – losses of $41 million) and included in the cumulative translation adjustment account in other comprehensive income are gains in respect of foreign currency contracts entered into for hedging purposes amounting to $367 million (2020 – gains of $28 million). b) Interest Rates At December 31, 2021, the company held interest rate swap and forward starting swap contracts having an aggregate notional amount of $28.6 billion (2020 – $30.2 billion), interest rate swaptions with an aggregate notional amount of $0.2 billion (2020 – $3.9 billion) and interest rate cap contracts with an aggregate notional amount of $27.1 billion (2020 – $27 billion). c) Equity Derivatives At December 31, 2021, the company held equity derivatives with a notional amount of $4.4 billion (2020 – $2.1 billion) which includes $1.8 billion (2020 – $1.3 billion) notional amount that hedges long-term compensation arrangements. The balance represents common equity positions established in connection with the company’s investment activities as well as general equity market hedges. The fair value of these instruments was reflected in the company’s consolidated financial statements at year end. d) Commodity Instruments The company has entered into energy derivative contracts primarily to hedge the sale of generated power. The company endeavors to link forward electricity sale derivatives to specific periods in which it expects to generate electricity for sale. All energy derivative contracts are recorded at an amount equal to fair value and are reflected in the company’s consolidated financial statements. The company has financial contracts outstanding on 246,375,000 MMBtu’s (2020 – 121,468,000 MMBtu’s) of natural gas as part of its electricity sale price risk mitigation strategy. Other Information Regarding Derivative Financial Instruments The following table classifies derivatives elected for hedge accounting during the years ended December 31, 2021 and 2020 as either cash flow hedges or net investment hedges. Changes in the fair value of the effective portion of the hedge are recorded in either other comprehensive income or net income, depending on the hedge classification, whereas changes in the fair value of the ineffective portion of the hedge are recorded in net income: 2021 2020 FOR THE YEARS ENDED DEC. 31 Notional Effective Portion Ineffective Portion Notional Effective Portion Ineffective Portion Cash flow hedges 1 $ 43,776 $ 582 $ 24 $ 39,128 $ (479) $ 10 Net investment hedges 43,997 407 (14) 17,788 182 10 $ 87,773 $ 989 $ 10 $ 56,916 $ (297) $ 20 1. Notional amount does not include 17,753 GWh, 93,623 MMBtu – 000’s and 1,152 bbls – millions of commodity derivatives at December 31, 2021 (2020 – 13,950 GWh, 82,663 MMBtu – 000’s and 1,302 bbls – millions). The following table presents the change in fair values of the company’s derivative positions during the years ended December 31, 2021 and 2020, for derivatives that are fair valued through profit or loss, and derivatives that qualify for hedge accounting: (MILLIONS) Unrealized Gains During 2021 Unrealized Losses During 2021 Net Change During 2021 Net Change During 2020 Foreign exchange derivatives $ 191 $ (244) $ (53) $ (41) Interest rate derivatives 332 (149) 183 (227) Equity derivatives 788 (31) 757 850 Commodity derivatives 44 (227) (183) (42) $ 1,355 $ (651) $ 704 $ 540 The following table presents the notional amounts underlying the company’s derivative instruments by term to maturity as at December 31, 2021 and 2020, for derivatives that are classified as fair value through profit or loss, and derivatives that qualify for hedge accounting: 2021 2020 AS AT DEC. 31 (MILLIONS) <1 Year 1 to 5 Years >5 Years Total Notional Amount Total Notional Amount Fair value through profit or loss Foreign exchange derivatives $ 8,836 $ 1,829 $ 268 $ 10,933 $ 12,178 Interest rate derivatives 9,409 10,012 240 19,661 27,080 Equity derivatives 3,334 1,019 — 4,353 2,081 Commodity instruments Energy (GWh) 2,335 12,602 2,466 17,403 13,613 Natural gas (MMBtu – 000’s) 134,298 18,455 — 152,753 38,805 Elected for hedge accounting Foreign exchange derivatives $ 16,494 $ 34,763 $ 893 $ 52,150 $ 27,106 Interest rate derivatives 11,494 22,846 1,898 36,238 34,032 Equity derivatives 95 — — 95 — Commodity instruments Energy (GWh) 6,165 7,780 3,809 17,754 13,950 Natural gas (MMBtu – 000’s) 58,741 34,882 — 93,623 82,664

MANAGEMENT OF RISKS ARISING FRO

MANAGEMENT OF RISKS ARISING FROM HOLDING FINANCIAL INSTRUMENTS	12 Months Ended
	Dec. 31, 2021
Disclosure of detailed information about financial instruments [abstract]
MANAGEMENT OF RISKS ARISING FROM HOLDING FINANCIAL INSTRUMENTS	MANAGEMENT OF RISKS ARISING FROM HOLDING FINANCIAL INSTRUMENTS The company is exposed to the following risks as a result of holding financial instruments: market risk (i.e., interest rate risk, currency exchange risk and other price risk that impact the fair value of financial instruments), credit risk and liquidity risk. The following is a description of these risks and how they are managed: a) Market Risk Market risk is defined for these purposes as the risk that the fair value or future cash flows of a financial instrument held by the company will fluctuate because of changes in market prices. Market risk includes the risk of changes in interest rates, currency exchange rates and changes in market prices due to factors other than interest rates or currency exchange rates, such as changes in equity prices, commodity prices or credit spreads. The company manages market risk from foreign currency assets and liabilities and the impact of changes in currency exchange rates and interest rates by funding assets with financial liabilities in the same currency and with similar interest rate characteristics, and by holding financial contracts such as interest rate and foreign exchange derivatives to minimize residual exposures. Financial instruments held by the company that are subject to market risk include other financial assets, borrowings and derivative instruments such as interest rate, currency, equity and commodity contracts. i. Interest Rate Risk The observable impacts on the fair values and future cash flows of financial instruments that can be directly attributable to interest rate risk include changes in the net income from financial instruments whose cash flows are determined with reference to floating interest rates and changes in the value of financial instruments whose cash flows are fixed in nature. The company’s assets largely consist of long-duration interest-sensitive physical assets. Accordingly, the company’s financial liabilities consist primarily of long-term fixed-rate debt or floating-rate debt that has been swapped with interest rate derivatives. These financial liabilities are, with few exceptions, recorded at their amortized cost. The company also holds interest rate caps to limit its exposure to increases in interest rates on floating rate debt that has not been swapped, and holds interest rate contracts to lock in fixed rates on anticipated future debt issuances and as an economic hedge against the changes in value of long duration interest sensitive physical assets that have not been otherwise matched with fixed rate debt. The result of a 50 basis-point increase in interest rates on the company’s net floating rate financial assets and liabilities would have resulted in a corresponding decrease in net income before tax of $283 million (2020 – $156 million) on a current basis. Changes in the value of fair value through profit or loss interest rate contracts are recorded in net income and changes in the value of contracts that are elected for hedge accounting are recorded in other comprehensive income. The impact of a 50 basis-point parallel increase in the yield curve on the aforementioned financial instruments is estimated to result in a corresponding increase in net income before tax of $101 million (2020 – $137 million) and an increase in other comprehensive income of $318 million (2020 – $363 million), for the years ended December 31, 2021 and 2020, respectively. ii. Currency Exchange Rate Risk Changes in currency rates will impact the carrying value of financial instruments denominated in currencies other than the U.S. dollar. The company holds financial instruments with net unmatched exposures in several currencies, changes in the translated value of which are recorded in net income. The impact of a 1% increase in the U.S. dollar against these currencies would have resulted in a $109 million (2020 – $117 million) increase in the value of these positions on a combined basis. The impact on cash flows from financial instruments would be insignificant. The company holds financial instruments to limit its exposure to the impact of foreign currencies on its net investments in foreign operations whose functional and reporting currencies are other than the U.S. dollar. A 1% increase in the U.S. dollar would increase the value of these hedging instruments by $509 million (2020 – $235 million) as at December 31, 2021, which would be recorded in other comprehensive income and offset by changes in the U.S. dollar carrying value of the net investment being hedged. iii. Other Price Risk Other price risk is the risk of variability in fair value due to movements in equity prices or other market prices such as commodity prices and credit spreads. Financial instruments held by the company that are exposed to equity price risk include equity securities and equity derivatives. A 5% decrease in the market price of equity securities and equity derivatives held by the company, excluding equity derivatives that hedge compensation arrangements, would have decreased net income by $303 million (2020 – $186 million) and decreased other comprehensive income by $122 million (2020 – $161 million), prior to taxes. The company’s liability in respect of equity compensation arrangements is subject to variability based on changes in the company’s underlying common share price. The company holds equity derivatives to hedge almost all of the variability. A 5% change in the common equity price of the company in respect of compensation agreements would increase the compensation liability and compensation expense by $98 million (2020 – $69 million). This increase would be offset by a $116 million (2020 – $78 million) change in value of the associated equity derivatives of which $98 million (2020 – $69 million) would offset the above-mentioned increase in compensation expense and the remaining $18 million (2020 – $9 million) would be recorded in net income. The company sells power and generation capacity under long-term agreements and financial contracts to stabilize future revenues. Certain of the contracts are considered financial instruments and are recorded at fair value in the consolidated financial statements, with changes in value being recorded in either net income or other comprehensive income as applicable. A 5% increase in energy prices would have decreased net income for the year ended December 31, 2021 by approximately $49 million (2020 – $16 million) and decreased other comprehensive income by $27 million (2020 – $19 million), prior to taxes. The corresponding increase in the value of the revenue or capacity being contracted, however, is not recorded in net income until subsequent periods. b) Credit Risk Credit risk is the risk of loss due to the failure of a borrower or counterparty to fulfill its contractual obligations. The company’s exposure to credit risk in respect of financial instruments relates primarily to counterparty obligations regarding derivative contracts, loans receivable and credit investments such as bonds and preferred shares. The company assesses the creditworthiness of each counterparty before entering into contracts with a view to ensuring that counterparties meet minimum credit quality requirements. Management evaluates and monitors counterparty credit risk for derivative financial instruments and endeavors to minimize counterparty credit risk through diversification, collateral arrangements, and other credit risk mitigation techniques. The credit risk of derivative financial instruments is generally limited to the positive fair value of the instruments, which, in general, tends to be a relatively small proportion of the notional value. Substantially all of the company’s derivative financial instruments involve either counterparties that are banks or other financial institutions in North America, the U.K. and Australia, or arrangements that have embedded credit risk mitigation features. The company does not expect to incur credit losses in respect of any of these counterparties. The maximum exposure in respect of loans receivable and credit investments is equal to the carrying value. c) Liquidity Risk Liquidity risk is the risk that the company cannot meet a demand for cash or fund an obligation as it comes due. Liquidity risk also includes the risk of not being able to liquidate assets in a timely manner at a reasonable price. To help ensure the company is able to react to contingencies and investment opportunities quickly, the company maintains sources of liquidity at the corporate and subsidiary levels. The primary source of liquidity consists of cash and other financial assets, net of deposits and other associated liabilities, and undrawn committed credit facilities. The company is subject to the risks associated with debt financing, including the ability to refinance indebtedness at maturity. The company believes these risks are mitigated through the use of long-term debt secured by high quality assets, maintaining debt levels that are in management’s opinion relatively conservative, and by diversifying maturities over an extended period of time. The company also seeks to include in its agreements terms that protect the company from liquidity issues of counterparties that might otherwise impact the company’s liquidity. The following tables present the contractual maturities of the company’s financial liabilities at December 31, 2021 and 2020. Payments Due by Period AS AT DEC. 31, 2021 (MILLIONS) <1 Year 1 to 3 Years 4 to 5 Years After 5 Years Total Principal repayments Corporate borrowings 1 $ — $ 1,138 $ 2,566 $ 7,171 $ 10,875 Non-recourse borrowings of managed entities 31,683 45,186 41,918 46,270 165,057 Subsidiary equity obligations 546 1,563 544 1,655 4,308 Interest expense 2 Corporate borrowings 420 802 659 3,652 5,533 Non-recourse borrowings 5,918 10,130 6,832 11,958 34,838 Subsidiary equity obligations 162 300 228 33 723 Lease Obligations 3 1,156 2,389 1,615 13,550 18,710 1. Payments due in the 4 to 5 year period include $912 million of commercial paper and credit facility draws outstanding as at December 31, 2021. 2. Represents the aggregated interest expense expected to be paid over the term of the obligations. Variable interest rate payments have been calculated based on current rates. 3. The lease obligations as disclosed in the table above include leases that are classified as finance leases, short-term leases, low-value leases and variable lease payments not based on an index or rate, which are immaterial. Payments Due by Period AS AT DEC. 31, 2020 (MILLIONS) <1 Year 1 to 3 Years 4 to 5 Years After 5 Years Total Principal repayments Corporate borrowings $ — $ 467 $ 1,630 $ 6,980 $ 9,077 Non-recourse borrowings of managed entities 21,108 29,399 40,049 48,768 139,324 Subsidiary equity obligations 799 1,147 800 953 3,699 Interest expense 1 Corporate borrowings 405 793 659 3,593 5,450 Non-recourse borrowings 5,145 8,788 6,310 8,313 28,556 Subsidiary equity obligations 147 213 171 44 575 Lease obligations 2 815 1,682 1,123 11,755 15,375 1. Represents the aggregated interest expense expected to be paid over the term of the obligations. Variable interest rate payments have been calculated based on current rates. 2. The lease obligations as disclosed in the table above include leases that are classified as finance leases, short-term leases, low-value leases and variable lease payments not based on an index or rate, which are immaterial.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
RELATED PARTY TRANSACTIONS	Dec. 31, 2021
Related party transactions [abstract]
Disclosure of related party [text block]	RELATED PARTY TRANSACTIONS a) Related Parties Related parties include subsidiaries, associates, joint ventures, key management personnel, the Board of Directors (“Directors”), immediate family members of key management personnel and Directors and entities which are directly or indirectly controlled by, jointly controlled by or significantly influenced by key management personnel, Directors or their close family members. b) Key Management Personnel and Directors Key management personnel are those individuals who have the authority and responsibility for planning, directing and controlling the company’s activities, directly or indirectly, and consist of the company’s Senior Executives. The company’s Directors do not plan, direct or control the activities of the company directly; they provide oversight over the business. The remuneration of key management personnel and Directors of the company during the years ended December 31, 2021 and 2020 was as follows: FOR THE YEARS ENDED DEC. 31 (MILLIONS) 2021 2020 Salaries, incentives and short-term benefits $ 16 $ 14 Share-based payments 56 81 $ 72 $ 95 The remuneration of key management personnel and Directors is determined by the Management Resources and Compensation Committee of the Board of Directors having regard to the performance of individuals and market funds. c) Related Party Transactions In the normal course of operations, the company executes transactions on market terms with related parties that have been measured at exchange value and are recognized in the consolidated financial statements, including, but not limited to: base management fees, performance fees and incentive distributions; loans, interest and non-interest bearing deposits; power purchase and sale agreements; capital commitments to private funds; the acquisition and disposition of assets and businesses; derivative contracts; and the construction and development of assets. Transactions and balances between consolidated entities are fully eliminated upon consolidation. However, transactions and balances between the company and equity accounted investments do not eliminate. The following table lists the related party balances included within the consolidated financial statements for the years ended December 31, 2021 and 2020: FOR THE YEARS ENDED DEC. 31 (MILLIONS) 2021 2020 Management fees received $ 24 $ 31 The company provided BAMR an equity commitment in the amount of $2 billion to fund future growth, which BAMR may draw on from time to time. As of December 31, 2021, there was no amount drawn under this equity commitment. During the year, subsidiaries of BAMR purchased investments of $0.9 billion from the company. Throughout 2021, under a deposit arrangement on arms’ length terms, wholly owned subsidiaries of the company provided working capital to BAMR. During the year, BAMR drew down under this arrangement approximately $742 million of cash to temporarily fund new reinsurance and pension risk transfer transactions, as well as various other investments.

OTHER INFORMATION

OTHER INFORMATION	12 Months Ended
OTHER INFORMATION	Dec. 31, 2021
Additional information [abstract]
OTHER INFORMATION	OTHER INFORMATION a) Guarantees and Contingencies In the normal course of business, the company enters into contractual obligations which include commitments to provide bridge financing, letters of credit, guarantees and reinsurance obligations. As at December 31, 2021, the company had $3.7 billion (2020 – $4.1 billion) of such commitments outstanding. In addition, the company executes agreements that provide for indemnifications and guarantees to third parties in transactions or dealings such as business dispositions, business acquisitions, sales of assets, provision of services, securitization agreements and underwriting and agency agreements. The company has also agreed to indemnify its directors and certain of its officers and employees. The nature of substantially all of the indemnification undertakings prevents the company from making a reasonable estimate of the maximum potential amount the company could be required to pay third parties, as in most cases, the agreements do not specify a maximum amount, and the amounts are dependent upon the outcome of future contingent events, the nature and likelihood of which cannot be determined at this time. Neither the company nor its consolidated subsidiaries have made significant payments in the past nor do they expect at this time to make any significant payments under such indemnification agreements in the future. The company periodically enters into joint ventures, consortium or other arrangements that have contingent liquidity rights in favor of the company or its counterparties. These include buy sell arrangements, registration rights and other customary arrangements that generally have embedded protective terms that mitigate the risk to us. The amount, timing and likelihood of any payments by the company under these arrangements is, in most cases, dependent on either further contingent events or circumstances applicable to the counterparty and therefore cannot be determined at this time. The company is contingently liable with respect to litigation and claims that arise in the normal course of business. It is not reasonably possible that any of the ongoing litigation as at December 31, 2021 could result in a material settlement liability. The company has insurance for damage and business interruption costs sustained as a result of an act of terrorism. The amount of coverage is reviewed on an individual basis and can range up to $4 billion. However, a terrorist act could have a material effect on the company’s assets to the extent damages exceed coverage. The company, through its subsidiaries within the residential properties operations, is contingently liable for obligations of its associates in its land development joint ventures. In each case, all of the assets of the joint venture are available first for the purpose of satisfying these obligations, with the balance shared among the participants in accordance with predetermined joint venture arrangements. As discussed in Note 19 Subsidiary Equity Obligations, in 2014, BPY issued $1.8 billion of exchangeable preferred equity units in three $600 million tranches redeemable in 2021, 2024 and 2026, respectively. The preferred equity units were originally exchangeable into equity units of BPY at $25.70 per unit, at the option of the holder, at any time up to and including the maturity date. Following the BPY privatization, the preferred equity units became exchangeable into cash equal to the value of the consideration that would have been received upon the BPY privatization (a combination of cash, BAM shares and New LP Preferred Units), based on the value of that consideration on the date of exchange. BPY also has the option of delivering the actual consideration (a combination of cash, BAM shares and New LP Preferred Units). Following the BPY privatization, we have agreed with the holder to grant the company the right to purchase all or any portion of the preferred equity units of the holder at maturity, and to grant the holder the right to sell all or any portion of the preferred equity units of the holder at maturity, in each case at a price equal to the issue price for such preferred equity units plus accrued and unpaid distributions. On December 30, 2021, the company acquired the tranche redeemable in 2021 from the holder and exchanged such units for Redemption-Exchange Units. The preferred equity units were subsequently cancelled. b) Supplemental Cash Flow Information During the year, the company capitalized $387 million (2020 – $310 million) of interest primarily to investment properties and residential inventory under development.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
SUBSEQUENT EVENTS	Dec. 31, 2021
Disclosure of non-adjusting events after reporting period [abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS[No significant subsequent events noted.]

SUBSIDIARIES (Tables)

SUBSIDIARIES (Tables)	12 Months Ended
SUBSIDIARIES (Tables)	Dec. 31, 2021
Disclosure of subsidiaries [abstract]
Disclosure of interests in subsidiaries [text block]	The following table presents the details of the company’s subsidiaries with significant non-controlling interests: Jurisdiction of Formation Ownership Interest Held by Non-Controlling Interests 1, 2 AS AT DEC. 31 2021 2020 Brookfield Renewable Partners L.P. (“BEP”) 3 Bermuda 51.7 % 49.3 % Brookfield Infrastructure Partners L.P. (“BIP”) 4 Bermuda 72.8 % 71.5 % Brookfield Business Partners L.P. (“BBU”) Bermuda 35.6 % 36.5 % Brookfield Property Group (“BPG”) 5 Bermuda — % 38.3 % 1. Control and associated voting rights of the limited partnerships (BEP, BIP and BBU) reside with their respective general partners which are wholly owned subsidiaries of the company. The company’s general partner interest is entitled to earn base management fees and incentive payments in the form of incentive distribution rights or performance fees. 2. The company’s ownership interest in BEP, BIP, BBU and BPG includes a combination of redemption-exchange units (REUs), Class A limited partnership units, special limited partnership units, general partnership units and units or shares that are exchangeable for units in our listed partnerships, in each subsidiary, where applicable. Each of BEP, BIP, BBU and BPG’s partnership capital includes its Class A limited partnership units whereas REUs and general partnership units are considered non-controlling interests for the respective partnerships. REUs share the same economic attributes in all respects except for the redemption right attached thereto. The REUs and general partnership units participate in earnings and distributions on a per unit basis equivalent to the per unit participation of the Class A limited partnership units of the subsidiary. 3. Ownership interest held by non-controlling interests represents the combined units not held in BEP and Brookfield Renewable Corporation (“BEPC”). 4. Ownership interest held by non-controlling interests represents the combined units not held in BIP and Brookfield Infrastructure Corporation (“BIPC”). 5. BPG includes Brookfield Property Partners L.P. and Brookfield’s wholly owned real estate directly held entities. The ownership interest held by non-controlling interests as at December 31, 2020 represents the ownership interest of non-controlling interests in BPY as of that date. AS AT AND FOR THE YEAR ENDED DEC. 31, 2021 The Corporation 1 BFI BFI II BFL BFL II BF BF BIC Other subsidiaries of the Corporation 2 Consolidating Adjustments 3 The Company Revenues $ 1,373 $ 250 $ — $ 33 $ — $ — $ 9 $ 121 $ 82,663 $ (8,718) $ 75,731 Net income (loss) attributable to shareholders 3,966 (8) — — — — 5 (251) 6,100 (5,846) 3,966 Total assets 84,793 8,256 — 607 — — 843 5,433 400,288 (109,217) 391,003 Total liabilities 38,438 6,387 — 597 — — 603 3,734 237,100 (30,597) 256,262 Non-controlling interest – preferred equity — — — — — — 230 — — — 230 AS AT AND FOR THE YEAR The Corporation 1 BFI BFI II BFL BFL II BF BF BIC Other subsidiaries of the Corporation 2 Consolidating Adjustments 3 The Company Revenues $ 626 $ 280 $ — $ 28 $ — $ — $ 2 $ 163 $ 70,385 $ (8,732) $ 62,752 Net income (loss) attributable to shareholders (134) 73 — — — — 1 91 6,368 (6,533) (134) Total assets 73,898 7,207 — 600 — — 233 4,280 350,687 (93,209) 343,696 Total liabilities 38,060 5,547 — 596 — — 3 2,690 206,877 (32,719) 221,054 Non-controlling interest – preferred equity — — — — — — 230 — — — 230 1. This column accounts for investments in all subsidiaries of the Corporation under the equity method. 2. This column accounts for investments in all subsidiaries of the Corporation other than BFI, BFL, BIC, BFI II, BF AUS, BF U.K. and BFL II on a combined basis. 3. This column includes the necessary amounts to present the company on a consolidated basis.
Disclosure of non-controlling interests [text block]	The table below presents the exchanges on which the company’s subsidiaries with significant non-controlling interests were publicly listed as of December 31, 2021: TSX NYSE BEP BEP.UN BEP BIP BIP.UN BIP BBU BBU.UN BBU The following table outlines the composition of accumulated non-controlling interests presented within the company’s consolidated financial statements: AS AT DEC. 31 (MILLIONS) 2021 2020 BEP $ 19,355 $ 17,194 BIP 23,695 19,753 BBU 10,197 9,162 BPG 1 28,064 33,345 Individually immaterial subsidiaries with non-controlling interests 7,075 7,350 $ 88,386 $ 86,804
Summarized financial information of subsidiaries [Table Text Block]	The summarized financial information represents amounts before intra-group eliminations: BEP BIP BBU BPG AS AT AND FOR THE YEARS ENDED DEC. 31 (MILLIONS) 2021 2020 2021 2020 2021 2020 2021 2020 Current assets $ 2,861 $ 1,742 $ 4,896 $ 3,711 $ 15,418 $ 14,493 $ 23,487 $ 12,270 Non-current assets 53,006 47,980 69,065 57,620 48,801 40,253 140,510 132,178 Current liabilities (3,222) (2,761) (8,661) (5,524) (13,912) (12,133) (34,158) (27,949) Non-current liabilities (28,649) (25,194) (38,909) (34,134) (37,307) (31,276) (69,771) (63,823) Non-controlling interests (19,355) (17,194) (23,695) (19,753) (10,197) (9,162) (28,064) (33,345) Equity attributable to Brookfield $ 4,641 $ 4,573 $ 2,696 $ 1,920 $ 2,803 $ 2,175 $ 32,004 $ 19,331 Revenues $ 4,096 $ 3,810 $ 11,537 $ 8,885 $ 46,587 $ 37,635 $ 9,955 $ 8,883 Net income (loss) attributable to: Non-controlling interests $ 151 $ 162 $ 2,489 $ 863 $ 1,846 $ 686 $ 3,831 $ (336) Shareholders (217) (207) 230 41 307 (106) 1,616 (1,321) $ (66) $ (45) $ 2,719 $ 904 $ 2,153 $ 580 $ 5,447 $ (1,657) Other comprehensive income (loss) attributable to: Non-controlling interests $ 1,835 $ 1,621 $ 197 $ (82) $ 218 $ 25 $ 857 $ 464 Shareholders 931 653 63 20 65 47 442 401 $ 2,766 $ 2,274 $ 260 $ (62) $ 283 $ 72 $ 1,299 $ 865 The summarized cash flows of the company’s subsidiaries with material non-controlling interests are as follows: BEP BIP BBU BPG FOR THE YEARS ENDED DEC. 31 (MILLIONS) 2021 2020 2021 2020 2021 2020 2021 2020 Cash flows from (used in): Operating activities $ 734 $ 1,296 $ 2,772 $ 2,530 $ 1,693 $ 4,205 $ 3,924 $ (439) Financing activities 2,143 (792) (995) 2,126 7,063 (1,077) 7,790 4,330 Investing activities (2,504) (426) (1,173) (4,609) (8,926) (2,334) (10,210) (3,401) Distributions paid to non-controlling interests in common equity $ 456 $ 323 $ 715 $ 642 $ 13 $ 13 $ 120 $ 528

ACCOUNTS RECEIVABLE AND OTHER (

ACCOUNTS RECEIVABLE AND OTHER (Tables)	12 Months Ended
ACCOUNTS RECEIVABLE AND OTHER (Tables)	Dec. 31, 2021
Subclassifications of assets, liabilities and equities [abstract]
Schedule of accounts receivable and other	AS AT DEC. 31 (MILLIONS) Note 2021 2020 Accounts receivable (a) $ 11,332 $ 10,113 Prepaid expenses and other assets (a) 8,162 6,335 Restricted cash (b) 2,266 2,395 Sustainable resources (c) — 85 Total $ 21,760 $ 18,928
Schedule of current and non-current accounts receivable	The current and non-current balances of accounts receivable and other are as follows: AS AT DEC. 31 (MILLIONS) 2021 2020 Current $ 16,098 $ 14,187 Non-current 5,662 4,741 Total $ 21,760 $ 18,928
Schedule of change in balance of timberlands and other agricultural assets	The following table presents the change in the balance of timber and other agricultural assets: AS AT AND FOR THE YEARS ENDED DEC. 31 (MILLIONS) 2021 2020 Balance, beginning of year $ 85 $ 109 Additions 28 75 Dispositions (63) — Fair value adjustments (5) 2 Decrease due to harvest (41) (61) Foreign currency changes (4) (40) Balance, end of year $ — $ 85
Disclosure of significant unobservable inputs used in fair value measurement of assets [text block]	The following table summarizes the valuation techniques and significant unobservable inputs used in the fair value measurement of Level 3 financial instruments: (MILLIONS) Type of Asset/Liability Carrying Value Dec. 31, 2021 Valuation Significant Relationship of Unobservable Corporate bonds $ 383 Discounted cash flows • Future cash flows • Increases (decreases) in future cash flows increase (decrease) fair value • Discount rate • Increases (decreases) in discount rate decrease (increase) fair value Fixed income securities and other 451 Discounted cash flows • Future cash flows • Increases (decreases) in future cash flows increase (decrease) fair value • Discount rate • Increases (decreases) in discount rate decrease (increase) fair value Common shares and warrants 1,316 Discounted cash flows • Future cash flows • Increases (decreases) in future cash flows increase (decrease) fair value • Discount rate • Increases (decreases) in discount rate decrease (increase) fair value Black-Scholes model • Volatility • Increases (decreases) in volatility increase (decreases) fair value • Term to maturity • Increases (decreases) in term to maturity increase (decrease) fair value Derivative assets/Derivative liabilities (accounts receivable/payable) 77 / (1,311) Discounted cash flows • Future cash flows • Increases (decreases) in future cash flows increase (decrease) fair value • Discount rate • Increases (decreases) in discount rate decrease (increase) fair value Limited-life funds (subsidiary equity obligations) (1,403) Discounted cash flows • Future cash flows • Increases (decreases) in future cash flows increase (decrease) fair value • Discount rate • Increases (decreases) in discount rate decrease (increase) fair value • Terminal capitalization rate • Increases (decreases) in terminal capitalization rate decrease (increase) fair value • Investment horizon • Increases (decreases) in the investment horizon decrease (increase) fair value Valuation Techniques Significant Unobservable Inputs Relationship of Unobservable Inputs to Fair Value Mitigating Factors Discounted cash flow analysis • Future cash flows • Increases (decreases) in future cash flows increase (decrease) fair value • Increases (decreases) in cash flows tend to be accompanied by increases (decreases) in discount rates that may offset changes in fair value from cash flows • Timber / agricultural prices • Increases (decreases) in price increase (decrease) fair value • Increases (decreases) in price tend to be accompanied by increases (decreases) in discount rates that may offset changes in fair value from price • Discount rate /terminal capitalization rate • Increases (decreases) in discount rate or terminal capitalization rate decrease (increase) fair value • Decreases (increases) in discount rates or terminal capitalization rates tend to be accompanied by increases (decreases) in cash flows that may offset changes in fair value from rates • Exit Date • Increases (decreases) in exit date decrease (increase) fair value • Increases (decreases) in the exit date tend to be the result of changing cash flow profiles that may result in higher (lower) growth in cash flows prior to stabilizing in the terminal year The following table summarizes the key valuation metrics of the company’s investment properties: 2021 2020 AS AT DEC. 31 Discount Terminal Investment Discount Rate Terminal Capitalization Rate Investment Horizon (years) Core 5.9 % 4.6 % 11 6.0 % 4.6 % 11 Transitional and Development 1 7.3 % 5.8 % 10 7.2 % 5.9 % 10 LP investments 1 9.1 % 5.9 % 13 9.4 % 6.0 % 14 Other investment properties 2 8.7% n/a n/a 5.0 – 8.7% n/a n/a 1. The rates presented are for investment properties valued using the discounted cash flow method. These rates exclude multifamily, triple net lease, student housing, manufactured housing and other investment properties valued using the direct capitalization method. 2. Other investment properties include investment properties held in our Infrastructure and Residential Development segments. The following table presents our renewable power and transition property, plant and equipment measured at fair value by geography: AS AT DEC. 31 (MILLIONS) 2021 2020 North America $ 32,629 $ 28,044 Colombia 8,497 8,150 Europe 3,935 4,912 Brazil 3,547 3,005 Other 1 1,709 1,095 $ 50,317 $ 45,206 1. Other refers primarily to China, India and Chile. Key valuation metrics of the company’s hydroelectric, wind and solar generating facilities at the end of 2021 and 2020 are summarized below. North America Brazil Colombia Europe AS AT DEC. 31 2021 2020 2021 2020 2021 2020 2021 2020 Discount rate Contracted 4.1 – 4.3% 4.1 – 4.5% 7.2 % 7.3 % 7.9 % 8.1 % 3.9 % 3.0 – 3.6% Uncontracted 5.4 – 5.6% 5.6 – 6.0% 8.5 % 8.6 % 9.2 % 9.4 % 3.9 % 3.6 – 4.7% Terminal capitalization rate 1 4.8 – 5.1% 5.8 – 6.2% n/a n/a 8.0 % 8.9 % n/a n/a Exit date 2042 2041 2048 2048 2041 2040 2036 2035 1. Terminal capitalization rate applies only to hydroelectric assets in North America and Colombia. Key valuation metrics of the company’s utilities, transport, midstream and sustainable resources assets at the end of 2021 and 2020 are summarized below. Utilities Transport Midstream Sustainable Resources AS AT DEC. 31 2021 2020 2021 2020 2021 2020 2021 2020 Discount rates 7 – 11% 7 – 14% 7 – 14% 7 – 13% 15 % 15 % n/a 6 % Terminal capitalization multiples 20x 7x – 23x 9x – 15x 9x – 14x 10x 10x n/a 6x Investment horizon/Exit date (years) 10 – 20 10 10 10 5 – 10 5 – 10 n/a 10

INVENTORY (Tables)

INVENTORY (Tables)	12 Months Ended
INVENTORY (Tables)	Dec. 31, 2021
Inventories [Abstract]
Schedule of inventory properties	AS AT DEC. 31 (MILLIONS) 2021 2020 Residential properties under development $ 2,135 $ 2,816 Land held for development 1,802 2,015 Completed residential properties 1,869 743 Industrial products 3,113 2,611 Other 1 2,496 2,175 Total $ 11,415 $ 10,360
Schedule of current and non-current balances of inventory	The current and non-current balances of inventory are as follows: AS AT DEC. 31 (MILLIONS) 2021 2020 Current $ 8,557 $ 6,337 Non-current 2,858 4,023 Total $ 11,415 $ 10,360

INVESTMENT PROPERTIES (Tables)

INVESTMENT PROPERTIES (Tables)	12 Months Ended
INVESTMENT PROPERTIES (Tables)	Dec. 31, 2021
Investment property [abstract]
Disclosure of detailed information about investment property	The following table presents the change in the fair value of the company’s investment properties: AS AT AND FOR THE YEARS ENDED DEC. 31 (MILLIONS) 2021 2020 Fair value, beginning of year $ 96,782 $ 96,686 Additions 13,558 8,180 Acquisitions through business combinations 988 — Changes in basis of accounting 599 193 Dispositions 1 (15,017) (9,284) Fair value changes 5,073 (269) Foreign currency translation and other (1,118) 1,276 Fair value, end of year 2 $ 100,865 $ 96,782 1. Includes amounts reclassified to held for sale. 2. As at December 31, 2021, the ending balance includes $94.9 billion (2020 – $90.4 billion) of investment properties leased to third parties and $4.1 billion of ROU investment properties (December 31, 2020 – $3.3 billion).
Disclosure of fair value measurement of assets [text block]	The following table categorizes financial assets and liabilities, which are carried at fair value, based upon the fair value hierarchy levels: 2021 2020 AS AT DEC. 31 (MILLIONS) Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Financial assets Other financial assets Government bonds $ 48 $ 1,972 $ — $ 7 $ 2,644 $ — Corporate bonds 85 2,050 383 192 2,764 286 Fixed income securities and other 762 1,908 451 867 912 491 Common shares and warrants 4,063 548 1,316 4,548 577 1,389 Loans and notes receivables — — 5 — 42 68 4,958 6,478 2,155 5,614 6,939 2,234 Accounts receivable and other 3 2,265 77 50 1,581 135 $ 4,961 $ 8,743 $ 2,232 $ 5,664 $ 8,520 $ 2,369 Financial liabilities Accounts payable and other $ 29 $ 4,150 $ 1,311 $ 75 $ 5,090 $ 724 Subsidiary equity obligations — 135 1,403 — 77 1,380 $ 29 $ 4,285 $ 2,714 $ 75 $ 5,167 $ 2,104 The following table presents our investment properties measured at fair value: AS AT DEC. 31 (MILLIONS) 2021 2020 Core $ 19,384 $ 19,339 Transitional and Development 27,669 29,764 LP investments 51,620 45,857 Other investment properties 2,192 1,822 $ 100,865 $ 96,782
Disclosure of significant unobservable inputs used in fair value measurement of assets [text block]	The following table summarizes the valuation techniques and significant unobservable inputs used in the fair value measurement of Level 3 financial instruments: (MILLIONS) Type of Asset/Liability Carrying Value Dec. 31, 2021 Valuation Significant Relationship of Unobservable Corporate bonds $ 383 Discounted cash flows • Future cash flows • Increases (decreases) in future cash flows increase (decrease) fair value • Discount rate • Increases (decreases) in discount rate decrease (increase) fair value Fixed income securities and other 451 Discounted cash flows • Future cash flows • Increases (decreases) in future cash flows increase (decrease) fair value • Discount rate • Increases (decreases) in discount rate decrease (increase) fair value Common shares and warrants 1,316 Discounted cash flows • Future cash flows • Increases (decreases) in future cash flows increase (decrease) fair value • Discount rate • Increases (decreases) in discount rate decrease (increase) fair value Black-Scholes model • Volatility • Increases (decreases) in volatility increase (decreases) fair value • Term to maturity • Increases (decreases) in term to maturity increase (decrease) fair value Derivative assets/Derivative liabilities (accounts receivable/payable) 77 / (1,311) Discounted cash flows • Future cash flows • Increases (decreases) in future cash flows increase (decrease) fair value • Discount rate • Increases (decreases) in discount rate decrease (increase) fair value Limited-life funds (subsidiary equity obligations) (1,403) Discounted cash flows • Future cash flows • Increases (decreases) in future cash flows increase (decrease) fair value • Discount rate • Increases (decreases) in discount rate decrease (increase) fair value • Terminal capitalization rate • Increases (decreases) in terminal capitalization rate decrease (increase) fair value • Investment horizon • Increases (decreases) in the investment horizon decrease (increase) fair value Valuation Techniques Significant Unobservable Inputs Relationship of Unobservable Inputs to Fair Value Mitigating Factors Discounted cash flow analysis • Future cash flows • Increases (decreases) in future cash flows increase (decrease) fair value • Increases (decreases) in cash flows tend to be accompanied by increases (decreases) in discount rates that may offset changes in fair value from cash flows • Timber / agricultural prices • Increases (decreases) in price increase (decrease) fair value • Increases (decreases) in price tend to be accompanied by increases (decreases) in discount rates that may offset changes in fair value from price • Discount rate /terminal capitalization rate • Increases (decreases) in discount rate or terminal capitalization rate decrease (increase) fair value • Decreases (increases) in discount rates or terminal capitalization rates tend to be accompanied by increases (decreases) in cash flows that may offset changes in fair value from rates • Exit Date • Increases (decreases) in exit date decrease (increase) fair value • Increases (decreases) in the exit date tend to be the result of changing cash flow profiles that may result in higher (lower) growth in cash flows prior to stabilizing in the terminal year The following table summarizes the key valuation metrics of the company’s investment properties: 2021 2020 AS AT DEC. 31 Discount Terminal Investment Discount Rate Terminal Capitalization Rate Investment Horizon (years) Core 5.9 % 4.6 % 11 6.0 % 4.6 % 11 Transitional and Development 1 7.3 % 5.8 % 10 7.2 % 5.9 % 10 LP investments 1 9.1 % 5.9 % 13 9.4 % 6.0 % 14 Other investment properties 2 8.7% n/a n/a 5.0 – 8.7% n/a n/a 1. The rates presented are for investment properties valued using the discounted cash flow method. These rates exclude multifamily, triple net lease, student housing, manufactured housing and other investment properties valued using the direct capitalization method. 2. Other investment properties include investment properties held in our Infrastructure and Residential Development segments. The following table presents our renewable power and transition property, plant and equipment measured at fair value by geography: AS AT DEC. 31 (MILLIONS) 2021 2020 North America $ 32,629 $ 28,044 Colombia 8,497 8,150 Europe 3,935 4,912 Brazil 3,547 3,005 Other 1 1,709 1,095 $ 50,317 $ 45,206 1. Other refers primarily to China, India and Chile. Key valuation metrics of the company’s hydroelectric, wind and solar generating facilities at the end of 2021 and 2020 are summarized below. North America Brazil Colombia Europe AS AT DEC. 31 2021 2020 2021 2020 2021 2020 2021 2020 Discount rate Contracted 4.1 – 4.3% 4.1 – 4.5% 7.2 % 7.3 % 7.9 % 8.1 % 3.9 % 3.0 – 3.6% Uncontracted 5.4 – 5.6% 5.6 – 6.0% 8.5 % 8.6 % 9.2 % 9.4 % 3.9 % 3.6 – 4.7% Terminal capitalization rate 1 4.8 – 5.1% 5.8 – 6.2% n/a n/a 8.0 % 8.9 % n/a n/a Exit date 2042 2041 2048 2048 2041 2040 2036 2035 1. Terminal capitalization rate applies only to hydroelectric assets in North America and Colombia. Key valuation metrics of the company’s utilities, transport, midstream and sustainable resources assets at the end of 2021 and 2020 are summarized below. Utilities Transport Midstream Sustainable Resources AS AT DEC. 31 2021 2020 2021 2020 2021 2020 2021 2020 Discount rates 7 – 11% 7 – 14% 7 – 14% 7 – 13% 15 % 15 % n/a 6 % Terminal capitalization multiples 20x 7x – 23x 9x – 15x 9x – 14x 10x 10x n/a 6x Investment horizon/Exit date (years) 10 – 20 10 10 10 5 – 10 5 – 10 n/a 10

INTANGIBLE ASSETS (Tables)

INTANGIBLE ASSETS (Tables)	12 Months Ended
INTANGIBLE ASSETS (Tables)	Dec. 31, 2021
Intangible assets other than goodwill [abstract]
Schedule of detailed information about intangible assets	The following table presents a continuity of the company’s intangible assets: Cost Accumulated Amortization and Impairment Total AS AT AND FOR THE YEARS ENDED DEC. 31 (MILLIONS) 2021 2020 2021 2020 2021 2020 Balance, beginning of year $ 27,946 $ 30,232 $ (3,288) $ (2,522) $ 24,658 $ 27,710 Additions 251 452 — — 251 452 Disposals 1 (972) (2,246) 383 307 (589) (1,939) Acquisitions through business combinations 8,639 703 — 7 8,639 710 Amortization — — (1,477) (1,310) (1,477) (1,310) Foreign currency translation (1,054) (1,195) 181 230 (873) (965) Balance, end of year $ 34,810 $ 27,946 $ (4,201) $ (3,288) $ 30,609 $ 24,658 1. Includes assets sold and amounts reclassified to held for sale. Intangible assets are allocated to the following operating segments: AS AT DEC. 31 (MILLIONS) Note 2021 2020 Private Equity (a) $ 14,806 $ 11,261 Infrastructure (b) 14,214 11,769 Real Estate (c) 1,226 1,177 Renewable Power and Transition and other 363 451 $ 30,609 $ 24,658

GOODWILL (Tables)

GOODWILL (Tables)	12 Months Ended
GOODWILL (Tables)	Dec. 31, 2021
Goodwill [Abstract]
Disclosure of reconciliation of changes in goodwill	The following table presents the balance and nature of the changes in goodwill: Cost Accumulated Impairment Total AS AT AND FOR THE YEARS ENDED DEC. 31 (MILLIONS) 2021 2020 2021 2020 2021 2020 Balance, beginning of year $ 15,539 $ 15,412 $ (825) $ (862) $ 14,714 $ 14,550 Acquisitions through business combinations 6,591 145 — — 6,591 145 Impairment losses — — (177) (3) (177) (3) Foreign currency translation and other 1 (914) (18) 13 40 (901) 22 Balance, end of year $ 21,216 $ 15,539 $ (989) $ (825) $ 20,227 $ 14,714
Disclosure of detailed information about goodwill	Goodwill is allocated to the following operating segments: AS AT DEC. 31 (MILLIONS) Note 2021 2020 Infrastructure (a) $ 8,979 $ 6,634 Private Equity (b) 8,585 5,244 Real Estate (c) 1,248 1,404 Renewable Power and Transition (d) 966 970 Asset Management 361 368 Corporate Activities and Residential Development 88 94 Total $ 20,227 $ 14,714

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
INCOME TAXES (Tables)	Dec. 31, 2021
Income Taxes [Abstract]
Schedule of components of income tax expense	The following table reconciles consolidated income taxes to current and deferred income taxes: FOR THE YEARS ENDED DEC. 31 (MILLIONS) 2021 2020 Current income tax expense $ (1,114) $ (756) Deferred income tax expense (1,210) (81) Income tax expense $ (2,324) $ (837) The major components of income tax expense for the years ended December 31, 2021 and 2020 are set out below: FOR THE YEARS ENDED DEC. 31 (MILLIONS) 2021 2020 Current income tax expense $ 1,114 $ 756 Deferred income tax expense / (recovery) Origination and reversal of temporary differences 1,044 (103) (Recovery) / expense arising from previously unrecognized tax assets (251) 2 Change of tax rates and new legislation 417 182 Total deferred income tax expense 1,210 81 Income tax expense $ 2,324 $ 837
Schedule of income tax rates	The company’s effective income tax rate is different from the company’s domestic statutory income tax rate due to the following differences set out below: FOR THE YEARS ENDED DEC. 31 2021 2020 Statutory income tax rate 26 % 26 % Increase (reduction) in rate resulting from: Change in tax rates and new legislation 3 12 International operations subject to different tax rates (1) 52 Taxable income attributable to non-controlling interests (10) (31) Portion of gains subject to different tax rates (3) (10) Recognition of deferred tax assets (2) (10) Non-recognition of the benefit of current year’s tax losses 2 8 Other 1 7 Effective income tax rate 16 % 54 %
Schedule of deferred income tax assets and liabilities	Deferred income tax assets and liabilities as at December 31, 2021 and 2020 relate to the following: AS AT DEC. 31 (MILLIONS) 2021 2020 Non-capital losses (Canada) $ 1,339 $ 916 Capital losses (Canada) 53 48 Losses (U.S.) 3,561 3,338 Losses (International) 1,474 1,415 Difference in basis (23,415) (18,292) Total net deferred tax liabilities $ (16,988) $ (12,575)
Disclosure of unrecognized deferred tax assets	The following table details the expiry date, if applicable, of the unrecognized deferred tax assets: AS AT DEC. 31 (MILLIONS) 2021 2020 One year from reporting date $ 8 $ 4 Two years from reporting date 30 20 Three years from reporting date 15 20 After three years from reporting date 487 465 Do not expire 1,891 1,473 Total $ 2,431 $ 1,982
Schedule of components of income taxes in other comprehensive income	The components of the income taxes in other comprehensive income for the years ended December 31, 2021 and 2020 are set out below: FOR THE YEARS ENDED DEC. 31 (MILLIONS) 2021 2020 Revaluation of property, plant and equipment $ 1,549 $ 1,214 Financial contracts and power sale agreements 89 (59) Fair value through OCI securities 83 74 Foreign currency translation (21) 37 Revaluation of pension obligation 71 (40) Total deferred tax in other comprehensive income $ 1,771 $ 1,226

CORPORATE BORROWINGS (Tables)

CORPORATE BORROWINGS (Tables)	12 Months Ended
CORPORATE BORROWINGS (Tables)	Dec. 31, 2021
Disclosure of financial liabilities [abstract]
Disclosure of corporate borrowings	AS AT DEC. 31 (MILLIONS) Maturity Annual Rate Currency 2021 2020 Term debt Public – Canadian Mar. 31, 2023 4.54 % C$ $ — $ 472 Public – Canadian Mar. 8, 2024 5.04 % C$ 396 393 Public – U.S. Apr. 1 , 2024 4.00 % US$ 749 749 Public – U.S. Jan. 15, 2025 4.00 % US$ 500 500 Public – Canadian Jan. 28, 2026 4.82 % C$ 679 675 Public – U.S. Jun. 2, 2026 4.25 % US$ 497 497 Public – Canadian Mar. 16, 2027 3.80 % C$ 396 393 Public – U.S. Jan. 25, 2028 3.90 % US$ 649 649 Public – U.S. Mar. 29, 2029 4.85 % US$ 999 999 Public – U.S. Apr. 15, 2030 4.35 % US$ 749 749 Public – U.S. Apr. 15, 2031 2.72 % US$ 500 — Public – U.S. Jan. 30, 2032 2.34 % US$ 600 — Public – U.S. Mar. 1, 2033 7.38 % US$ 250 250 Public – Canadian Jun. 14, 2035 5.95 % C$ 334 331 Private – Japanese Dec. 1, 2038 1.42 % JPY 87 97 Public – U.S. Sep. 20, 2047 4.70 % US$ 902 902 Public – U.S. Apr. 15, 2050 3.45 % US$ 594 594 Public – U.S. Mar. 30, 2051 3.50 % US$ 758 497 Public – U.S. Oct. 16, 2080 4.63 % US$ 400 400 10,039 9,147 Revolving facilities 1 912 — Deferred financing costs 2 (76) (70) Total $ 10,875 $ 9,077 1. Reflects commercial paper and credit facility draws outstanding as at December 31, 2021. AS AT DEC. 31 (MILLIONS) Note 2021 2020 Subsidiary borrowings (a) $ 13,049 $ 10,768 Property-specific borrowings (b) 152,008 128,556 Total $ 165,057 $ 139,324 Principal repayments on subsidiary borrowings due over the next five calendar years and thereafter are as follows: (MILLIONS) Real Estate Renewable Power and Transition Infrastructure Private Equity Residential Development Total 2022 $ 180 $ — $ 431 $ — $ 24 $ 635 2023 396 — — — 60 456 2024 792 — 554 — 41 1,387 2025 396 317 — — — 713 2026 2,760 — — 1,619 — 4,379 Thereafter 316 1,839 1,753 — 1,648 5,556 Total Principal repayments 4,840 2,156 2,738 1,619 1,773 13,126 Deferred financing costs and other (58) (9) (19) — 9 (77) Total – Dec. 31, 2021 $ 4,782 $ 2,147 $ 2,719 $ 1,619 $ 1,782 $ 13,049 Total – Dec. 31, 2020 $ 3,378 $ 2,132 $ 3,158 $ 310 $ 1,790 $ 10,768 The current and non-current balances of subsidiary borrowings are as follows: AS AT DEC. 31 (MILLIONS) 2021 2020 Current $ 635 $ 317 Non-current 12,414 10,451 Total $ 13,049 $ 10,768 Subsidiary borrowings by currency include the following: AS AT DEC. 31 (MILLIONS) 2021 Local Currency 2020 Local Currency U.S. dollars $ 6,535 US$ 6,535 4,376 US$ 4,376 Canadian dollars 6,429 C$ 8,130 6,254 C$ 7,963 Brazilian reais 85 Rs 472 138 Rs 715 Total $ 13,049 $ 10,768 Principal repayments on property-specific borrowings due over the next five calendar years and thereafter are as follows: (MILLIONS) Real Estate Renewable Power and Transition Infrastructure Private Equity Residential Development Total 2022 $ 22,314 $ 1,952 $ 4,230 $ 2,544 $ 204 $ 31,244 2023 13,538 2,768 2,806 1,877 157 21,146 2024 14,965 1,393 3,223 2,523 371 22,475 2025 8,287 1,142 2,863 4,227 2 16,521 2026 5,244 2,004 5,522 7,792 — 20,562 Thereafter 11,037 10,616 9,848 9,494 — 40,995 Total Principal repayments 75,385 19,875 28,492 28,457 734 152,943 Deferred financing costs and other (407) 18 23 (563) (6) (935) Total – Dec. 31, 2021 $ 74,978 $ 19,893 $ 28,515 $ 27,894 $ 728 $ 152,008 Total – Dec. 31, 2020 $ 67,073 $ 16,353 $ 21,309 $ 23,333 $ 488 $ 128,556 The current and non-current balances of property-specific borrowings are as follows: AS AT DEC. 31 (MILLIONS) 2021 2020 Current $ 31,244 $ 20,970 Non-current 120,764 107,586 Total $ 152,008 $ 128,556 Property-specific borrowings by currency include the following: AS AT DEC. 31 (MILLIONS) 2021 Local Currency 2020 Local Currency U.S. dollars $ 86,437 US$ 86,437 $ 78,223 US$ 78,223 British pounds 12,446 £ 9,197 10,341 £ 7,565 Indian rupees 8,223 Rs 613,684 8,978 Rs 655,328 Canadian dollars 16,660 C$ 21,054 8,458 C$ 10,771 Euros 12,722 € 11,204 7,816 € 6,398 Australian dollars 4,392 A$ 6,048 4,799 A$ 6,237 Brazilian reais 4,919 R$ 27,449 3,487 R$ 18,147 Colombian pesos 2,367 COP$ 9,480,307 2,141 COP$ 7,332,845 Korean won 1,910 ₩ 2,271,074 2,082 ₩ 2,268,301 Chilean unidades de fomento — UF — 1,187 UF 29 Other currencies 1,932 n/a n/a 1,044 n/a n/a Total $ 152,008 $ 128,556

ACCOUNTS PAYABLE AND OTHER (Tab

ACCOUNTS PAYABLE AND OTHER (Tables)	12 Months Ended
ACCOUNTS PAYABLE AND OTHER (Tables)	Dec. 31, 2021
Subclassifications of assets, liabilities and equities [abstract]
Schedule of accounts payable and other liabilities	AS AT DEC. 31 (MILLIONS) 2021 2020 Accounts payable $ 11,258 $ 9,543 Provisions 4,244 5,065 Lease liabilities 9,041 8,223 Other liabilities 28,003 27,851 Total $ 52,546 $ 50,682
Disclosure of current and non-current accounts payable and other [Table Text Block]	The current and non-current balances of accounts payable, provisions and other liabilities are as follows: AS AT DEC. 31 (MILLIONS) 2021 2020 Current $ 29,136 $ 25,857 Non-current 23,410 24,825 Total $ 52,546 $ 50,682
Schedule of post-employment benefit plans	AS AT DEC. 31 (MILLIONS) 2021 2020 Plan assets $ 3,503 $ 3,335 Less accrued benefit obligation: Defined benefit pension plan (4,352) (4,613) Other post-employment benefits (163) (185) Net liability (1,012) (1,463) Less: net actuarial (losses) gains and other (29) 11 Accrued benefit liability $ (1,041) $ (1,452)

NON-RECOURSE BORROWINGS (Tables

NON-RECOURSE BORROWINGS (Tables)	12 Months Ended
NON-RECOURSE BORROWINGS (Tables)	Dec. 31, 2021
Disclosure of financial liabilities [abstract]
Disclosure of corporate borrowings	AS AT DEC. 31 (MILLIONS) Maturity Annual Rate Currency 2021 2020 Term debt Public – Canadian Mar. 31, 2023 4.54 % C$ $ — $ 472 Public – Canadian Mar. 8, 2024 5.04 % C$ 396 393 Public – U.S. Apr. 1 , 2024 4.00 % US$ 749 749 Public – U.S. Jan. 15, 2025 4.00 % US$ 500 500 Public – Canadian Jan. 28, 2026 4.82 % C$ 679 675 Public – U.S. Jun. 2, 2026 4.25 % US$ 497 497 Public – Canadian Mar. 16, 2027 3.80 % C$ 396 393 Public – U.S. Jan. 25, 2028 3.90 % US$ 649 649 Public – U.S. Mar. 29, 2029 4.85 % US$ 999 999 Public – U.S. Apr. 15, 2030 4.35 % US$ 749 749 Public – U.S. Apr. 15, 2031 2.72 % US$ 500 — Public – U.S. Jan. 30, 2032 2.34 % US$ 600 — Public – U.S. Mar. 1, 2033 7.38 % US$ 250 250 Public – Canadian Jun. 14, 2035 5.95 % C$ 334 331 Private – Japanese Dec. 1, 2038 1.42 % JPY 87 97 Public – U.S. Sep. 20, 2047 4.70 % US$ 902 902 Public – U.S. Apr. 15, 2050 3.45 % US$ 594 594 Public – U.S. Mar. 30, 2051 3.50 % US$ 758 497 Public – U.S. Oct. 16, 2080 4.63 % US$ 400 400 10,039 9,147 Revolving facilities 1 912 — Deferred financing costs 2 (76) (70) Total $ 10,875 $ 9,077 1. Reflects commercial paper and credit facility draws outstanding as at December 31, 2021. AS AT DEC. 31 (MILLIONS) Note 2021 2020 Subsidiary borrowings (a) $ 13,049 $ 10,768 Property-specific borrowings (b) 152,008 128,556 Total $ 165,057 $ 139,324 Principal repayments on subsidiary borrowings due over the next five calendar years and thereafter are as follows: (MILLIONS) Real Estate Renewable Power and Transition Infrastructure Private Equity Residential Development Total 2022 $ 180 $ — $ 431 $ — $ 24 $ 635 2023 396 — — — 60 456 2024 792 — 554 — 41 1,387 2025 396 317 — — — 713 2026 2,760 — — 1,619 — 4,379 Thereafter 316 1,839 1,753 — 1,648 5,556 Total Principal repayments 4,840 2,156 2,738 1,619 1,773 13,126 Deferred financing costs and other (58) (9) (19) — 9 (77) Total – Dec. 31, 2021 $ 4,782 $ 2,147 $ 2,719 $ 1,619 $ 1,782 $ 13,049 Total – Dec. 31, 2020 $ 3,378 $ 2,132 $ 3,158 $ 310 $ 1,790 $ 10,768 The current and non-current balances of subsidiary borrowings are as follows: AS AT DEC. 31 (MILLIONS) 2021 2020 Current $ 635 $ 317 Non-current 12,414 10,451 Total $ 13,049 $ 10,768 Subsidiary borrowings by currency include the following: AS AT DEC. 31 (MILLIONS) 2021 Local Currency 2020 Local Currency U.S. dollars $ 6,535 US$ 6,535 4,376 US$ 4,376 Canadian dollars 6,429 C$ 8,130 6,254 C$ 7,963 Brazilian reais 85 Rs 472 138 Rs 715 Total $ 13,049 $ 10,768 Principal repayments on property-specific borrowings due over the next five calendar years and thereafter are as follows: (MILLIONS) Real Estate Renewable Power and Transition Infrastructure Private Equity Residential Development Total 2022 $ 22,314 $ 1,952 $ 4,230 $ 2,544 $ 204 $ 31,244 2023 13,538 2,768 2,806 1,877 157 21,146 2024 14,965 1,393 3,223 2,523 371 22,475 2025 8,287 1,142 2,863 4,227 2 16,521 2026 5,244 2,004 5,522 7,792 — 20,562 Thereafter 11,037 10,616 9,848 9,494 — 40,995 Total Principal repayments 75,385 19,875 28,492 28,457 734 152,943 Deferred financing costs and other (407) 18 23 (563) (6) (935) Total – Dec. 31, 2021 $ 74,978 $ 19,893 $ 28,515 $ 27,894 $ 728 $ 152,008 Total – Dec. 31, 2020 $ 67,073 $ 16,353 $ 21,309 $ 23,333 $ 488 $ 128,556 The current and non-current balances of property-specific borrowings are as follows: AS AT DEC. 31 (MILLIONS) 2021 2020 Current $ 31,244 $ 20,970 Non-current 120,764 107,586 Total $ 152,008 $ 128,556 Property-specific borrowings by currency include the following: AS AT DEC. 31 (MILLIONS) 2021 Local Currency 2020 Local Currency U.S. dollars $ 86,437 US$ 86,437 $ 78,223 US$ 78,223 British pounds 12,446 £ 9,197 10,341 £ 7,565 Indian rupees 8,223 Rs 613,684 8,978 Rs 655,328 Canadian dollars 16,660 C$ 21,054 8,458 C$ 10,771 Euros 12,722 € 11,204 7,816 € 6,398 Australian dollars 4,392 A$ 6,048 4,799 A$ 6,237 Brazilian reais 4,919 R$ 27,449 3,487 R$ 18,147 Colombian pesos 2,367 COP$ 9,480,307 2,141 COP$ 7,332,845 Korean won 1,910 ₩ 2,271,074 2,082 ₩ 2,268,301 Chilean unidades de fomento — UF — 1,187 UF 29 Other currencies 1,932 n/a n/a 1,044 n/a n/a Total $ 152,008 $ 128,556

SUBSIDIARY EQUITY OBLIGATIONS (

SUBSIDIARY EQUITY OBLIGATIONS (Tables)	12 Months Ended
SUBSIDIARY EQUITY OBLIGATIONS (Tables)	Dec. 31, 2021
Disclosure of financial liabilities [abstract]
Disclosure of detailed information about equity interests classified as liabilities [Table Text Block]	Our infrastructure property, plant and equipment consists of the following: Utilities Transport Midstream Data Sustainable Resources and Other Total AS AT AND FOR THE YEARS ENDED DEC. 31 (MILLIONS) 2021 2020 2021 2020 2021 2020 2021 2020 2021 2020 2021 2020 Cost, beginning of year $ 9,306 $ 8,654 $ 8,698 $ 8,309 $ 4,321 $ 3,971 $ 8,593 $ 1,131 $ 294 $ 389 $ 31,212 $ 22,454 Additions, net of disposals and assets reclassified as held for sale (1,788) 550 312 146 511 277 (103) 51 (294) (16) (1,362) 1,008 Acquisitions through business combinations 180 — 134 — 9,865 — — 7,334 — — 10,179 7,334 Foreign currency translation (116) 102 (145) 243 165 73 (166) 77 2 (79) (260) 416 Cost, end of year 7,582 9,306 8,999 8,698 14,862 4,321 8,324 8,593 2 294 39,769 31,212 Accumulated fair value changes, beginning of year 2,917 2,187 1,047 857 338 317 — — 324 416 4,626 3,777 Disposition and assets reclassified as held for sale (1,399) — — — — — — — (244) — (1,643) — Fair value changes 134 652 48 113 70 21 — — (80) 6 172 792 Foreign currency translation (26) 78 (50) 77 — — — — (2) (98) (78) 57 Accumulated fair value changes, end of year 1,626 2,917 1,045 1,047 408 338 — — (2) 324 3,077 4,626 Accumulated depreciation, beginning of year (1,613) (1,172) (1,404) (950) (356) (208) (263) (88) (35) (41) (3,671) (2,459) Depreciation expenses (352) (419) (481) (498) (270) (141) (419) (189) (4) (10) (1,526) (1,257) Dispositions and assets reclassified as held for sale 682 12 161 134 20 — 45 17 38 7 946 170 Foreign currency translation 11 (34) 56 (90) (16) (7) 8 (3) 1 9 60 (125) Accumulated depreciation, end of year (1,272) (1,613) (1,668) (1,404) (622) (356) (629) (263) — (35) (4,191) (3,671) Balance, end of year $ 7,936 $ 10,610 $ 8,376 $ 8,341 $ 14,648 $ 4,303 $ 7,695 $ 8,330 $ — $ 583 $ 38,655 $ 32,167 Subsidiary equity obligations consist of the following: AS AT DEC. 31 (MILLIONS) Note 2021 2020 Subsidiary preferred equity units (a) $ 1,585 $ 1,679 Limited-life funds and redeemable fund units (b) 1,538 1,456 Subsidiary preferred shares and capital (c) 1,185 564 Total $ 4,308 $ 3,699 AS AT DEC. 31 (MILLIONS, EXCEPT PER SHARE INFORMATION) Shares Outstanding Cumulative Dividend Rate Local Currency 2021 2020 Series 1 — 6.25 % US$ $ — $ 586 Series 2 24,000,000 6.50 % US$ 565 555 Series 3 24,000,000 6.75 % US$ 546 538 New LP Preferred Units 19,273,654 6.25 % US$ 474 — Total $ 1,585 $ 1,679 AS AT DEC. 31 (MILLIONS, EXCEPT PER SHARE INFORMATION) Shares Outstanding Cumulative Dividend Rate Local Currency 2021 2020 Brookfield Property Split Corp. Series 1 842,534 5.25 % US$ $ 21 $ 21 Series 2 556,746 5.75 % C$ 11 11 Series 3 781,592 5.00 % C$ 15 16 Series 4 582,894 5.20 % C$ 12 12 BSREP II RH B LLC (“Manufactured Housing”) preferred capital — 9.00% US$ — 249 Rouse Series A preferred shares 5,600,000 5.00% US$ 142 142 Brookfield India Real Estate Trust (“BIRET”) 138,181,800 See footnote 1 US$ 440 — India Infrastructure Investment Trusts 371,800,000 See footnote 1 INR 471 — BSREP II Vintage Estate Partners LLC (“Vintage Estates”) preferred shares — 5.00% US$ — 40 BIP Investment Corporation Series 1 Senior preferred shares 4,000,000 5.85% C$ 73 73 Total $ 1,185 $ 564

DIRECT COSTS (Tables)

DIRECT COSTS (Tables)	12 Months Ended
DIRECT COSTS (Tables)	Dec. 31, 2021
Analysis of income and expense [abstract]
Disclosure of direct costs	Direct costs include all attributable expenses except interest, taxes and fair value changes, and primarily relate to cost of sales and compensation. The following table lists direct costs for 2021 and 2020 by nature: FOR THE YEARS ENDED DEC. 31 (MILLIONS) 2021 2020 Cost of sales $ 44,149 $ 35,150 Compensation 7,804 6,857 Depreciation and amortization 6,437 5,791 Selling, general and administrative expenses 3,197 2,860 Property taxes, sales taxes and other 2,413 2,519 $ 64,000 $ 53,177

DERIVATIVE FINANCIAL INSTRUME_2

DERIVATIVE FINANCIAL INSTRUMENTS (Tables)	12 Months Ended
DERIVATIVE FINANCIAL INSTRUMENTS (Tables)	Dec. 31, 2021
Disclosure of detailed information about financial instruments [abstract]
Disclosure of detailed information about financial instruments [text block]	The aggregate notional amount of the company’s derivative positions at December 31, 2021 and 2020 is as follows: AS AT DEC. 31 (MILLIONS) Note 2021 2020 Foreign exchange (a) $ 63,083 $ 39,284 Interest rates (b) 55,899 61,111 Equity derivatives (c) 4,448 2,081 Commodity instruments (d) Energy (GWh) 35,156 27,564 Natural gas (MMBtu – 000’s) 246,375 121,468 The company held the following foreign exchange contracts with notional amounts at December 31, 2021 and 2020: Notional Amount (U.S. Dollars) Average Exchange Rate (MILLIONS) 2021 2020 2021 2020 Foreign exchange contracts Canadian dollars $ 11,689 $ 7,539 0.81 0.76 British pounds 12,089 3,986 1.19 1.31 European Union euros 9,939 4,561 1.14 1.17 Australian dollars 4,791 2,632 0.72 0.69 Indian rupee 3,281 1,288 78.90 77.56 Chilean peso — 159 — 770.89 Korean won 1 756 700 1,151 1,175 Chinese yuan 1 2,484 1,633 6.02 7.05 Japanese yen 1 793 212 111.27 105.82 Colombian pesos 1 740 96 3,937 3,621 Brazilian reais 1,291 276 0.16 0.19 Swedish krona 1,475 1,647 9.08 8.58 Other currencies 2,799 903 Various Various Cross currency interest rate swaps Canadian dollars 5,566 6,868 0.63 0.77 European Union euros 848 1,914 1.06 1.06 Australian dollars 1,317 1,374 0.98 0.53 Japanese yen 1 750 750 113.33 113.33 British pounds 298 275 1.48 1.49 Colombian pesos 1 — 88 — 3,880 Foreign exchange futures Brazilian reais 175 105 0.18 0.19 Foreign exchange options Canadian dollars — 2,030 — 0.74 European Union euros 1,430 245 1.11 1.17 Indian rupee 572 — 74.56 — 1. Average rate is quoted using USD as base currency. The following table presents the change in fair values of the company’s derivative positions during the years ended December 31, 2021 and 2020, for derivatives that are fair valued through profit or loss, and derivatives that qualify for hedge accounting: (MILLIONS) Unrealized Gains During 2021 Unrealized Losses During 2021 Net Change During 2021 Net Change During 2020 Foreign exchange derivatives $ 191 $ (244) $ (53) $ (41) Interest rate derivatives 332 (149) 183 (227) Equity derivatives 788 (31) 757 850 Commodity derivatives 44 (227) (183) (42) $ 1,355 $ (651) $ 704 $ 540 The following table presents the notional amounts underlying the company’s derivative instruments by term to maturity as at December 31, 2021 and 2020, for derivatives that are classified as fair value through profit or loss, and derivatives that qualify for hedge accounting: 2021 2020 AS AT DEC. 31 (MILLIONS) <1 Year 1 to 5 Years >5 Years Total Notional Amount Total Notional Amount Fair value through profit or loss Foreign exchange derivatives $ 8,836 $ 1,829 $ 268 $ 10,933 $ 12,178 Interest rate derivatives 9,409 10,012 240 19,661 27,080 Equity derivatives 3,334 1,019 — 4,353 2,081 Commodity instruments Energy (GWh) 2,335 12,602 2,466 17,403 13,613 Natural gas (MMBtu – 000’s) 134,298 18,455 — 152,753 38,805 Elected for hedge accounting Foreign exchange derivatives $ 16,494 $ 34,763 $ 893 $ 52,150 $ 27,106 Interest rate derivatives 11,494 22,846 1,898 36,238 34,032 Equity derivatives 95 — — 95 — Commodity instruments Energy (GWh) 6,165 7,780 3,809 17,754 13,950 Natural gas (MMBtu – 000’s) 58,741 34,882 — 93,623 82,664
Disclosure of derivatives elected for hedge accounting	The following table classifies derivatives elected for hedge accounting during the years ended December 31, 2021 and 2020 as either cash flow hedges or net investment hedges. Changes in the fair value of the effective portion of the hedge are recorded in either other comprehensive income or net income, depending on the hedge classification, whereas changes in the fair value of the ineffective portion of the hedge are recorded in net income: 2021 2020 FOR THE YEARS ENDED DEC. 31 Notional Effective Portion Ineffective Portion Notional Effective Portion Ineffective Portion Cash flow hedges 1 $ 43,776 $ 582 $ 24 $ 39,128 $ (479) $ 10 Net investment hedges 43,997 407 (14) 17,788 182 10 $ 87,773 $ 989 $ 10 $ 56,916 $ (297) $ 20 1. Notional amount does not include 17,753 GWh, 93,623 MMBtu – 000’s and 1,152 bbls – millions of commodity derivatives at December 31, 2021 (2020 – 13,950 GWh, 82,663 MMBtu – 000’s and 1,302 bbls – millions).

MANAGEMENT OF RISKS ARISING F_2

MANAGEMENT OF RISKS ARISING FROM HOLDING FINANCIAL INSTRUMENTS (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of detailed information about financial instruments [abstract]
Disclosure of maturity analysis for financial liabilities	The following tables present the contractual maturities of the company’s financial liabilities at December 31, 2021 and 2020. Payments Due by Period AS AT DEC. 31, 2021 (MILLIONS) <1 Year 1 to 3 Years 4 to 5 Years After 5 Years Total Principal repayments Corporate borrowings 1 $ — $ 1,138 $ 2,566 $ 7,171 $ 10,875 Non-recourse borrowings of managed entities 31,683 45,186 41,918 46,270 165,057 Subsidiary equity obligations 546 1,563 544 1,655 4,308 Interest expense 2 Corporate borrowings 420 802 659 3,652 5,533 Non-recourse borrowings 5,918 10,130 6,832 11,958 34,838 Subsidiary equity obligations 162 300 228 33 723 Lease Obligations 3 1,156 2,389 1,615 13,550 18,710 1. Payments due in the 4 to 5 year period include $912 million of commercial paper and credit facility draws outstanding as at December 31, 2021. 2. Represents the aggregated interest expense expected to be paid over the term of the obligations. Variable interest rate payments have been calculated based on current rates. 3. The lease obligations as disclosed in the table above include leases that are classified as finance leases, short-term leases, low-value leases and variable lease payments not based on an index or rate, which are immaterial. Payments Due by Period AS AT DEC. 31, 2020 (MILLIONS) <1 Year 1 to 3 Years 4 to 5 Years After 5 Years Total Principal repayments Corporate borrowings $ — $ 467 $ 1,630 $ 6,980 $ 9,077 Non-recourse borrowings of managed entities 21,108 29,399 40,049 48,768 139,324 Subsidiary equity obligations 799 1,147 800 953 3,699 Interest expense 1 Corporate borrowings 405 793 659 3,593 5,450 Non-recourse borrowings 5,145 8,788 6,310 8,313 28,556 Subsidiary equity obligations 147 213 171 44 575 Lease obligations 2 815 1,682 1,123 11,755 15,375 1. Represents the aggregated interest expense expected to be paid over the term of the obligations. Variable interest rate payments have been calculated based on current rates. 2. The lease obligations as disclosed in the table above include leases that are classified as finance leases, short-term leases, low-value leases and variable lease payments not based on an index or rate, which are immaterial.

RELATED PARTY TRANSACTIONS RELA

RELATED PARTY TRANSACTIONS RELATED PARTY TRANSACTIONS (Tables)	12 Months Ended
	Dec. 31, 2021
Related party transactions [abstract]
Schedule of renumeration of directors and other key management personnel of the company	The remuneration of key management personnel and Directors of the company during the years ended December 31, 2021 and 2020 was as follows: FOR THE YEARS ENDED DEC. 31 (MILLIONS) 2021 2020 Salaries, incentives and short-term benefits $ 16 $ 14 Share-based payments 56 81 $ 72 $ 95
Schedule of related party balances included within the consolidated financial statements	The following table lists the related party balances included within the consolidated financial statements for the years ended December 31, 2021 and 2020: FOR THE YEARS ENDED DEC. 31 (MILLIONS) 2021 2020 Management fees received $ 24 $ 31

SUBSIDIARIES - Schedule Of Non-

SUBSIDIARIES - Schedule Of Non-Controlling Interests In Subsidiaries With Significant Non-Controlling Interests (Details)	Dec. 31, 2021	Dec. 31, 2020
Brookfield Renewable Partners L.P. (“BEP”)3
Disclosure of subsidiaries [line items]
Ownership Interest Held by Non-Controlling Interest	51.70%	49.30%
Brookfield Infrastructure Partners L.P. (“BIP”)4
Disclosure of subsidiaries [line items]
Ownership Interest Held by Non-Controlling Interest	72.80%	71.50%
Brookfield Business Partners L.P. (“BBU”)
Disclosure of subsidiaries [line items]
Ownership Interest Held by Non-Controlling Interest	35.60%	36.50%
Brookfield Property Partners L.P. [Member]
Disclosure of subsidiaries [line items]
Ownership Interest Held by Non-Controlling Interest	0.00%	38.30%

SUBSIDIARIES - Schedule of Comp

SUBSIDIARIES - Schedule of Composition Of Accumulated Non-Controlling Interest (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Disclosure of subsidiaries [line items]
Equity	$ 134,741	$ 122,642
Non-controlling interests
Disclosure of subsidiaries [line items]
Equity	88,386	86,804
Non-controlling interests \| BEP
Disclosure of subsidiaries [line items]
Equity	19,355	17,194
Non-controlling interests \| BIP
Disclosure of subsidiaries [line items]
Equity	23,695	19,753
Non-controlling interests \| BBU
Disclosure of subsidiaries [line items]
Equity	10,197	9,162
Non-controlling interests \| Brookfield Property Partners L.P. [Member]
Disclosure of subsidiaries [line items]
Equity	28,064	33,345
Non-controlling interests \| Individually immaterial subsidiaries with non-controlling interests
Disclosure of subsidiaries [line items]
Equity	$ 7,075	$ 7,350

SUBSIDIARIES - Schedule Of Summ

SUBSIDIARIES - Schedule Of Summarized Financial Information Before Intra-Group Eliminations (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Disclosure of subsidiaries [line items]
Non-controlling interests	$ (134,741)	$ (122,642)
Revenue	75,731	62,752
Net income (loss) attributable to:
Non-controlling interests	8,422	841
Shareholders	3,966	(134)
Net income	12,388	707
Other comprehensive income (loss) attributable to:
Non-controlling interests	3,390	1,495
Shareholders	1,844	818
Other comprehensive income	5,234	2,313
BEP
Disclosure of subsidiaries [line items]
Current assets	2,861	1,742
Non-current assets	53,006	47,980
Current liabilities	(3,222)	(2,761)
Non-current liabilities	(28,649)	(25,194)
Revenue	4,096	3,810
Net income (loss) attributable to:
Shareholders	(217)	(207)
Net income	(66)	(45)
Other comprehensive income (loss) attributable to:
Shareholders	931	653
Other comprehensive income	2,766	2,274
BIP
Disclosure of subsidiaries [line items]
Current assets	4,896	3,711
Non-current assets	69,065	57,620
Current liabilities	(8,661)	(5,524)
Non-current liabilities	(38,909)	(34,134)
Revenue	11,537	8,885
Net income (loss) attributable to:
Shareholders	230	41
Net income	2,719	904
Other comprehensive income (loss) attributable to:
Shareholders	63	20
Other comprehensive income	260	(62)
BBU
Disclosure of subsidiaries [line items]
Current assets	15,418	14,493
Non-current assets	48,801	40,253
Current liabilities	(13,912)	(12,133)
Non-current liabilities	(37,307)	(31,276)
Revenue	46,587	37,635
Net income (loss) attributable to:
Shareholders	307	(106)
Net income	2,153	580
Other comprehensive income (loss) attributable to:
Shareholders	65	47
Other comprehensive income	283	72
BPG [Member]
Disclosure of subsidiaries [line items]
Current assets	23,487	12,270
Non-current assets	140,510	132,178
Current liabilities	(34,158)	(27,949)
Non-current liabilities	(69,771)	(63,823)
Revenue	9,955	8,883
Net income (loss) attributable to:
Shareholders	1,616	(1,321)
Net income	5,447	(1,657)
Other comprehensive income (loss) attributable to:
Shareholders	442	401
Other comprehensive income	1,299	865
Non-controlling interests
Disclosure of subsidiaries [line items]
Non-controlling interests	(88,386)	(86,804)
Non-controlling interests \| BEP
Disclosure of subsidiaries [line items]
Non-controlling interests	(19,355)	(17,194)
Net income (loss) attributable to:
Non-controlling interests	151	162
Other comprehensive income (loss) attributable to:
Non-controlling interests	1,835	1,621
Non-controlling interests \| BIP
Disclosure of subsidiaries [line items]
Non-controlling interests	(23,695)	(19,753)
Net income (loss) attributable to:
Non-controlling interests	2,489	863
Other comprehensive income (loss) attributable to:
Non-controlling interests	197	(82)
Non-controlling interests \| BBU
Disclosure of subsidiaries [line items]
Non-controlling interests	(10,197)	(9,162)
Net income (loss) attributable to:
Non-controlling interests	1,846	686
Other comprehensive income (loss) attributable to:
Non-controlling interests	218	25
Non-controlling interests \| BPG [Member]
Disclosure of subsidiaries [line items]
Non-controlling interests	(28,064)	(33,345)
Net income (loss) attributable to:
Non-controlling interests	3,831	(336)
Other comprehensive income (loss) attributable to:
Non-controlling interests	857	464
Equity attributable to Brookfield \| BEP
Disclosure of subsidiaries [line items]
Non-controlling interests	(4,641)	(4,573)
Equity attributable to Brookfield \| BIP
Disclosure of subsidiaries [line items]
Non-controlling interests	(2,696)	(1,920)
Equity attributable to Brookfield \| BBU
Disclosure of subsidiaries [line items]
Non-controlling interests	(2,803)	(2,175)
Equity attributable to Brookfield \| BPG [Member]
Disclosure of subsidiaries [line items]
Non-controlling interests	$ (32,004)	$ (19,331)

SUBSIDIARIES - Schedule Of Cash

SUBSIDIARIES - Schedule Of Cash Flow With Material Non-Controlling Interests (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
BIP
Cash flows from (used in):
Cash flows from (used in) operating activities	$ 2,772	$ 2,530
Cash flows from (used in) financing activities	(995)	2,126
Cash flows from (used in) investing activities	(1,173)	(4,609)
Distributions paid to non-controlling interests in common equity	715	642
BEP
Cash flows from (used in):
Cash flows from (used in) operating activities	734	1,296
Cash flows from (used in) financing activities	2,143	(792)
Cash flows from (used in) investing activities	(2,504)	(426)
Distributions paid to non-controlling interests in common equity	456	323
BBU
Cash flows from (used in):
Cash flows from (used in) operating activities	1,693	4,205
Cash flows from (used in) financing activities	7,063	(1,077)
Cash flows from (used in) investing activities	(8,926)	(2,334)
Distributions paid to non-controlling interests in common equity	13	13
Brookfield Property Partners L.P. [Member]
Cash flows from (used in):
Cash flows from (used in) operating activities	3,924	(439)
Cash flows from (used in) financing activities	7,790	4,330
Cash flows from (used in) investing activities	(10,210)	(3,401)
Distributions paid to non-controlling interests in common equity	$ 120	$ 528

ACCOUNTS RECEIVABLE AND OTHER -

ACCOUNTS RECEIVABLE AND OTHER - Schedule of Accounts Receivable and Other (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Subclassifications of assets, liabilities and equities [abstract]
Accounts receivable	$ 11,332	$ 10,113
Prepaid expenses and other assets	8,162	6,335
Restricted cash	2,266	2,395
Sustainable resources	0	85
Accounts receivable and other	$ 21,760	$ 18,928

ACCOUNTS RECEIVABLE AND OTHER_2

ACCOUNTS RECEIVABLE AND OTHER - Schedule of Current and Non-Current Accounts Receivable (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Subclassifications of assets, liabilities and equities [abstract]
Current	$ 16,098	$ 14,187
Non-current	5,662	4,741
Accounts receivable and other	$ 21,760	$ 18,928

ACCOUNTS RECEIVABLE AND OTHER_3

ACCOUNTS RECEIVABLE AND OTHER - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Disclosure of acquired receivables [line items]
Contract assets	$ 651	$ 632
Disposals, Sustainable Resources	$ (63)	$ 0
Sustainable Resources [Member] \| At fair value
Disclosure of acquired receivables [line items]
Terminal Capitalization Rate	4.60%
Termination valuation date	18 years

ACCOUNTS RECEIVABLE AND OTHER_4

ACCOUNTS RECEIVABLE AND OTHER - Schedule Of Change In Balance Of Timberlands And Other Agricultural Assets (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Subclassifications of assets, liabilities and equities [abstract]
Balance, beginning of year	$ 85	$ 109
Additions	28	75
Disposals, Sustainable Resources	63	0
Fair value adjustments	(5)	2
Decrease due to harvest	41	61
Foreign currency changes	(4)	(40)
Balance, end of year	$ 0	$ 85

INVENTORY - Schedule of Invento

INVENTORY - Schedule of Inventory Properties (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Disclosure of Inventory Properties [Line Items]
Total	$ 11,415	$ 10,360
Residential properties under development [Member]
Disclosure of Inventory Properties [Line Items]
Total	2,135	2,816
Land held for development [Member]
Disclosure of Inventory Properties [Line Items]
Total	1,802	2,015
Completed residential properties [Member]
Disclosure of Inventory Properties [Line Items]
Total	1,869	743
Industrial products and other [Member]
Disclosure of Inventory Properties [Line Items]
Total	3,113	2,611
Other [Member]
Disclosure of Inventory Properties [Line Items]
Total	2,496	2,175
Fuel Inventory [Member]
Disclosure of Inventory Properties [Line Items]
Total	731	651
Office development
Disclosure of Inventory Properties [Line Items]
Total	$ 213	$ 581

INVENTORY - Schedule of Current

INVENTORY - Schedule of Current and Non-Current Inventory Balances (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Inventories [Abstract]
Current	$ 8,557	$ 6,337
Non-current	2,858	4,023
Total	$ 11,415	$ 10,360

INVENTORY - Narrative (Details)

INVENTORY - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
INVENTORY - Narrative (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Inventories [Abstract]
Cost of inventories recognised as expense during period	$ 35,700	$ 24,600
Impairment of inventory	(96)	(107)
Inventories pledged as security for liabilities	$ 6,800	$ 6,000

INVESTMENT PROPERTIES - Schedul

INVESTMENT PROPERTIES - Schedule of Changes in Fair Value of Investment Properties (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Disclosure of detailed information about investment property [line items]
Fair value, beginning of year	$ 96,782	$ 96,686
Additions	13,558	8,180
Acquisitions through business combinations, investment property		0
Right-of-use assets	4,100	3,300
Dispositions	(15,017)	(9,284)
Fair value changes	5,073	(269)
Foreign currency translation and other	(1,118)	1,276
Fair value, end of year2	100,865	96,782
Total
Disclosure of detailed information about investment property [line items]
Investment properties	988
Investment property [member] \| Increase (decrease) due to changes in accounting policy required by IFRSs
Disclosure of detailed information about investment property [line items]
Right-of-use assets	599	193
Property, plant and equipment [member]
Disclosure of detailed information about investment property [line items]
Right-of-use assets	7,000	6,700
Property, plant and equipment [member] \| Increase (decrease) due to changes in accounting policy required by IFRSs
Disclosure of detailed information about investment property [line items]
Right-of-use assets	$ 94,900	$ 90,400

INVESTMENT PROPERTIES - Narrati

INVESTMENT PROPERTIES - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Disclosure of detailed information about investment property [line items]
Additions	$ 13,558	$ 8,180
Dispositions	15,017	9,284
Rental income from investment property	5,700	5,700
Direct operating expense from investment property	$ 2,600	$ 2,500

INVESTMENT PROPERTIES - Sched_2

INVESTMENT PROPERTIES - Schedule of Investment Properties Measured at Fair Value (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Disclosure of fair value measurement of assets [line items]
Investment properties	$ 100,865	$ 96,782
Core
Disclosure of fair value measurement of assets [line items]
Investment properties	19,384	19,339
Transitional and Development [Member]
Disclosure of fair value measurement of assets [line items]
Investment properties	27,669	29,764
LP Investments and Other [Member]
Disclosure of fair value measurement of assets [line items]
Investment properties	51,620	45,857
Other investment properties
Disclosure of fair value measurement of assets [line items]
Investment properties	$ 2,192	$ 1,822

INVESTMENT PROPERTIES - Sched_3

INVESTMENT PROPERTIES - Schedule of Significant Unobservable Inputs (Details)	Dec. 31, 2021	Dec. 31, 2020
Core
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items]
Discount Rate	5.90%	6.00%
Terminal Capitalization Rate	4.60%	4.60%
Investment Horizon (years)	11,000,000	11,000,000
Transitional and Development [Member]
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items]
Discount Rate	7.30%	7.20%
Terminal Capitalization Rate	5.80%	5.90%
Investment Horizon (years)	10,000,000	10,000,000
LP Investments and Other [Member]
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items]
Discount Rate	9.10%	9.40%
Terminal Capitalization Rate	5.90%	6.00%
Investment Horizon (years)	13,000,000	14,000,000
Top of range \| Other investment properties
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items]
Discount Rate		870.00%
Bottom of range \| Other investment properties
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items]
Discount Rate	870.00%	500.00%

INTANGIBLE ASSETS - Schedule of

INTANGIBLE ASSETS - Schedule of Changes in Intangible Assets (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Reconciliation of changes in intangible assets other than goodwill [abstract]
Beginning balance	$ 24,658	$ 27,710
Additions	251	452
Disposals, intangible assets other than goodwill	(589)	(1,939)
Acquisitions through business combinations	8,639	710
Amortization	(1,477)	(1,310)
Foreign currency translation	(873)	(965)
Ending balance	30,609	24,658
Costs
Reconciliation of changes in intangible assets other than goodwill [abstract]
Beginning balance	27,946	30,232
Additions	251	452
Disposals, intangible assets other than goodwill	(972)	(2,246)
Acquisitions through business combinations	8,639	703
Amortization	0	0
Foreign currency translation	(1,054)	(1,195)
Ending balance	34,810	27,946
Accumulated Amortization and Impairment
Reconciliation of changes in intangible assets other than goodwill [abstract]
Beginning balance	(3,288)	(2,522)
Additions	0	0
Disposals, intangible assets other than goodwill	383	307
Acquisitions through business combinations	0	7
Amortization	1,477	1,310
Foreign currency translation	181	230
Ending balance	$ (4,201)	$ (3,288)

INTANGIBLE ASSETS - Schedule _2

INTANGIBLE ASSETS - Schedule of Intangible Assets by Operating Segment (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Disclosure of detailed information about intangible assets [line items]
Intangible assets	$ 30,609	$ 24,658
Private Equity [Member]
Disclosure of detailed information about intangible assets [line items]
Intangible assets	14,806	11,261
Infrastructure
Disclosure of detailed information about intangible assets [line items]
Intangible assets	14,214	11,769
Real Estate
Disclosure of detailed information about intangible assets [line items]
Intangible assets	1,226	1,177
Renewable Power and Transition and other
Disclosure of detailed information about intangible assets [line items]
Intangible assets	$ 363	$ 451

INTANGIBLE ASSETS - Narrative (

INTANGIBLE ASSETS - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Disclosure of detailed information about intangible assets [line items]
Intangible assets	$ 30,609	$ 24,658
Infrastructure
Disclosure of detailed information about intangible assets [line items]
Intangible assets	14,214	11,769
Intangible assets with indefinite useful life	899	876
Private Equity
Disclosure of detailed information about intangible assets [line items]
Intangible assets	14,806	11,261
Customer-related intangible assets [member] \| Infrastructure
Disclosure of detailed information about intangible assets [line items]
Intangible assets	2,500	0
Customer-related intangible assets [member] \| Private Equity
Disclosure of detailed information about intangible assets [line items]
Intangible assets	$ 7,500	5,100
Useful Lives Or Amortisation Rates, Intangible Assets Other Than Goodwill, Period	30 years
Customer-related intangible assets [member] \| North American Rail Operations [Member] \| Infrastructure
Disclosure of detailed information about intangible assets [line items]
Intangible assets	$ 1,700	1,900
Customer-related intangible assets [member] \| Residential infrastructure operation [Member] \| Infrastructure
Disclosure of detailed information about intangible assets [line items]
Intangible assets	$ 1,300	1,400
Customer-related intangible assets [member] \| Top of range \| Private Equity
Disclosure of detailed information about intangible assets [line items]
Useful Lives Or Amortisation Rates, Intangible Assets Other Than Goodwill, Period	23 years
Copyrights, patents and other industrial property rights, service and operating rights [member] \| Private Equity
Disclosure of detailed information about intangible assets [line items]
Intangible assets	$ 3,900	3,200
Useful Lives Or Amortisation Rates, Intangible Assets Other Than Goodwill, Period	15 years
Service concession arrangements [member] \| Infrastructure
Disclosure of detailed information about intangible assets [line items]
Useful Lives Or Amortisation Rates, Intangible Assets Other Than Goodwill, Period	31 years
Service concession arrangements [member] \| Private Equity
Disclosure of detailed information about intangible assets [line items]
Intangible assets	$ 1,800	1,800
Service concession arrangements [member] \| Brazilian regulated gas transmission business [Member] \| Infrastructure
Disclosure of detailed information about intangible assets [line items]
Intangible assets	2,600	2,900
Service concession arrangements [member] \| Indian Toll Road [Member] \| Infrastructure
Disclosure of detailed information about intangible assets [line items]
Intangible assets	1,600	2,600
Service concession arrangements [member] \| Chilean electricity transmission operations \| Infrastructure
Disclosure of detailed information about intangible assets [line items]
Intangible assets	$ 1,400	270
Useful Lives Or Amortisation Rates, Intangible Assets Other Than Goodwill, Period	30 years
Brand names [member] \| Private Equity
Disclosure of detailed information about intangible assets [line items]
Intangible assets	$ 1,000	$ 423
Useful Lives Or Amortisation Rates, Intangible Assets Other Than Goodwill, Period	20 years

GOODWILL - Schedule of Changes

GOODWILL - Schedule of Changes in Goodwill (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Reconciliation of changes in goodwill [abstract]
Beginning balance	$ 14,714	$ 14,550
Acquisitions through business combinations	6,591	145
Impairment losses	(177)	(3)
Foreign currency translation and other	(901)	22
Ending balance	20,227	14,714
Costs
Reconciliation of changes in goodwill [abstract]
Beginning balance	15,539	15,412
Acquisitions through business combinations	6,591	145
Impairment losses	0	0
Foreign currency translation and other	(914)	(18)
Ending balance	21,216	15,539
Accumulated Impairment
Reconciliation of changes in goodwill [abstract]
Beginning balance	(825)	(862)
Acquisitions through business combinations	0	0
Impairment losses	177	3
Foreign currency translation and other	13	40
Ending balance	$ (989)	$ (825)

GOODWILL - Schedule of Goodwill

GOODWILL - Schedule of Goodwill By Operating Segments (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Disclosure of reconciliation of changes in goodwill [line items]
Goodwill	$ 20,227	$ 14,714
Infrastructure
Disclosure of reconciliation of changes in goodwill [line items]
Goodwill	8,979	6,634
Private Equity
Disclosure of reconciliation of changes in goodwill [line items]
Goodwill	8,585	5,244
Real Estate
Disclosure of reconciliation of changes in goodwill [line items]
Goodwill	1,248	1,404
Renewable Power
Disclosure of reconciliation of changes in goodwill [line items]
Goodwill	966	970
Asset management
Disclosure of reconciliation of changes in goodwill [line items]
Goodwill	361	368
Other
Disclosure of reconciliation of changes in goodwill [line items]
Goodwill	$ 88	$ 94

GOODWILL - Narrative (Details)

GOODWILL - Narrative (Details)	Dec. 31, 2021	Dec. 31, 2020
Disclosure of reconciliation of changes in goodwill [line items]
Actuarial assumption of discount rates	3.00%	2.00%
Goodwill \| Infrastructure \| Bottom of range
Disclosure of reconciliation of changes in goodwill [line items]
Terminal capitalization rate	600.00%
Terminal Year	6
Goodwill \| Infrastructure \| Bottom of range \| Discounted cash flows
Disclosure of reconciliation of changes in goodwill [line items]
Actuarial assumption of discount rates	11.00%
Goodwill \| Infrastructure \| Top of range
Disclosure of reconciliation of changes in goodwill [line items]
Terminal capitalization rate	2000.00%
Terminal Year	20
Goodwill \| Infrastructure \| Top of range \| Discounted cash flows
Disclosure of reconciliation of changes in goodwill [line items]
Actuarial assumption of discount rates	14.00%
Goodwill \| IFC Seoul \| Real Estate
Disclosure of reconciliation of changes in goodwill [line items]
Growth rate used to extrapolate cash flow projections		2.80%
Discount rate used in current estimate of value in use		7.20%
Goodwill \| Center Parcs [Member] \| Real Estate
Disclosure of reconciliation of changes in goodwill [line items]
Growth rate used to extrapolate cash flow projections	3.00%	3.00%
Discount rate used in current estimate of value in use	9.30%	9.50%

INCOME TAXES - Components Of In

INCOME TAXES - Components Of Income Tax Expense (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Income Taxes [Abstract]
Current income tax expense	$ 1,114	$ 756
Deferred income tax expense / (recovery)
Origination and reversal of temporary differences	1,044	(103)
Tax benefit arising from previously unrecognised tax loss, tax credit or temporary difference of prior period used to reduce deferred tax expense	251	2
Change of tax rates and new legislation	417	182
Total deferred income tax expense	1,210	81
Income tax expense	$ 2,324	$ 837

INCOME TAXES - Narrative (Detai

INCOME TAXES - Narrative (Details) - USD ($) $ in Billions	12 Months Ended
INCOME TAXES - Narrative (Details) - USD ($) $ in Billions	Dec. 31, 2021	Dec. 31, 2020
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Statutory income tax rate	26.00%	26.00%
Deductible temporary differences for which no deferred tax liabilities is recognised	$ 9	$ 5
Domestic Tax Authority
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Statutory income tax rate	26.00%

INCOME TAXES - Schedule Of Inco

INCOME TAXES - Schedule Of Income Tax Rates (Details)	12 Months Ended
INCOME TAXES - Schedule Of Income Tax Rates (Details)	Dec. 31, 2021	Dec. 31, 2020
Income Taxes [Abstract]
Statutory income tax rate	26.00%	26.00%
Increase (reduction) in rate resulting from:
Change in tax rates and new legislation	3.00%	12.00%
International operations subject to different tax rates	(1.00%)	52.00%
Taxable income attributable to non-controlling interests	(10.00%)	(31.00%)
Portion of gains subject to different tax rates	(3.00%)	(10.00%)
Recognition of deferred tax assets	(2.00%)	(10.00%)
Non-recognition of the benefit of current year’s tax losses	2.00%	8.00%
Other	1.00%	7.00%
Effective income tax rate	16.00%	54.00%

INCOME TAXES - Schedule Of Defe

INCOME TAXES - Schedule Of Deferred Income Tax Assets And Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Total net deferred tax liabilities	$ (16,988)	$ (12,575)
Non-capital losses [Member] \| Canada
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Total net deferred tax liabilities	1,339	916
Capital losses [Member] \| Canada
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Total net deferred tax liabilities	53	48
Unused tax losses [member] \| UNITED STATES
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Total net deferred tax liabilities	3,561	3,338
Unused tax losses [member] \| International
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Total net deferred tax liabilities	1,474	1,415
Temporary differences [member]
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Total net deferred tax liabilities	$ (23,415)	$ (18,292)

INCOME TAXES - Schedule Of Unre

INCOME TAXES - Schedule Of Unrecognized Deferred Tax Assets (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unrecognized deferred tax assets	$ 2,431	$ 1,982
One year from reporting date
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unrecognized deferred tax assets	8	4
Two years from reporting date
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unrecognized deferred tax assets	30	20
Three years from reporting date
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unrecognized deferred tax assets	15	20
After three years from reporting date
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unrecognized deferred tax assets	487	465
Do not expire
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unrecognized deferred tax assets	$ 1,891	$ 1,473

INCOME TAXES - Schedule Of Comp

INCOME TAXES - Schedule Of Components Of Income Taxes In Other Comprehensive Income (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Income Taxes [Abstract]
Revaluation of property, plant and equipment	$ 1,549	$ 1,214
Financial contracts and power sale agreements	89	(59)
Income tax relating to marketable securities measured at fair value through other comprehensive income	83	74
Foreign currency translation	(21)	37
Revaluation of pension obligation	71	(40)
Total deferred tax in other comprehensive income	$ 1,771	$ 1,226

CORPORATE BORROWINGS - Schedule

CORPORATE BORROWINGS - Schedule of Corporate Borrowings (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Disclosure of detailed information about borrowings [line items]
Book value of borrowings	$ 10,039	$ 9,147
Revolving facilities	912
Deferred financing costs	(76)	(70)
Total	$ 10,875	9,077
Canadian Term Debt Maturing On March 31, 2023
Disclosure of detailed information about borrowings [line items]
Annual Rate	4.54%
Book value of borrowings	$ 0	472
Canadian Term Debt Maturing On March 8, 2024
Disclosure of detailed information about borrowings [line items]
Annual Rate	5.04%
Book value of borrowings	$ 396	393
U.S. Term Debt Maturing On April 01, 2024
Disclosure of detailed information about borrowings [line items]
Annual Rate	4.00%
Book value of borrowings	$ 749	749
U.S. Term Debt Maturing On January 15, 2025
Disclosure of detailed information about borrowings [line items]
Annual Rate	4.00%
Book value of borrowings	$ 500	500
Canadian Term Debt Maturing On January 28, 2026
Disclosure of detailed information about borrowings [line items]
Annual Rate	4.82%
Book value of borrowings	$ 679	675
U.S. Term Debt Maturing On June 2, 2026
Disclosure of detailed information about borrowings [line items]
Annual Rate	4.25%
Book value of borrowings	$ 497	497
Canadian Term Debt Maturing On March 16, 2027
Disclosure of detailed information about borrowings [line items]
Annual Rate	3.80%
Book value of borrowings	$ 396	393
Canadian Term Debt Maturing On January 25, 2028
Disclosure of detailed information about borrowings [line items]
Annual Rate	3.90%
Book value of borrowings	$ 649	649
U.S. Term Debt Maturing On March 29, 2029
Disclosure of detailed information about borrowings [line items]
Annual Rate	4.85%
Book value of borrowings	$ 999	999
U.S. Term Debt Maturing On April 15, 2030
Disclosure of detailed information about borrowings [line items]
Annual Rate	4.35%
Book value of borrowings	$ 749	749
U.S. Term Debt Maturing On April 15, 2031
Disclosure of detailed information about borrowings [line items]
Annual Rate	2.72%
Book value of borrowings	$ 500	0
U.S. Term Debt Maturing On January 30, 2032
Disclosure of detailed information about borrowings [line items]
Annual Rate	2.34%
Book value of borrowings	$ 600	0
U.S. Term Debt Maturing On March 1, 2033
Disclosure of detailed information about borrowings [line items]
Annual Rate	7.38%
Book value of borrowings	$ 250	250
Canadian Term Debt Maturing On June 14, 2035
Disclosure of detailed information about borrowings [line items]
Annual Rate	5.95%
Book value of borrowings	$ 334	331
JPY Term Debt Maturing On December 1, 2038
Disclosure of detailed information about borrowings [line items]
Annual Rate	1.42%
Book value of borrowings	$ 87	97
U.S. Term Debt Maturing On September 20, 2047 [Member]
Disclosure of detailed information about borrowings [line items]
Annual Rate	4.70%
Book value of borrowings	$ 902	902
U.S. Term Debt Maturing On April 15, 2050
Disclosure of detailed information about borrowings [line items]
Annual Rate	3.45%
Book value of borrowings	$ 594	594
U.S. Term Debt Maturing On March 30, 2051
Disclosure of detailed information about borrowings [line items]
Annual Rate	3.50%
Book value of borrowings	$ 758	497
U.S. Term Debt Maturing On October 16, 2080
Disclosure of detailed information about borrowings [line items]
Annual Rate	4.63%
Book value of borrowings	$ 400	$ 400

CORPORATE BORROWINGS - Narrativ

CORPORATE BORROWINGS - Narrative (Details) $ in Millions, ¥ in Billions, $ in Billions	Dec. 31, 2021USD ($)	Dec. 31, 2021CAD ($)	Dec. 31, 2021JPY (¥)	Dec. 31, 2020USD ($)	Dec. 31, 2020CAD ($)	Dec. 31, 2020JPY (¥)
Disclosure of detailed information about borrowings [line items]
Corporate borrowings	$ 10,875			$ 9,077
Fixed rate \| Weighted average
Disclosure of detailed information about borrowings [line items]
Annual Rate	4.20%	4.20%	4.20%	4.40%	4.40%	4.40%
U.S. dollars \| Japanese yen
Disclosure of detailed information about borrowings [line items]
Corporate borrowings	$ 87			$ 97
U.S. dollars \| Canadian dollars
Disclosure of detailed information about borrowings [line items]
Corporate borrowings	$ 1,800			$ 2,300
Canadian dollars \| Canadian dollars
Disclosure of detailed information about borrowings [line items]
Corporate borrowings		$ 2.3			$ 2.9
Japanese yen \| Japanese yen
Disclosure of detailed information about borrowings [line items]
Corporate borrowings \| ¥			¥ 10			¥ 10

ACCOUNTS PAYABLE AND OTHER - Sc

ACCOUNTS PAYABLE AND OTHER - Schedule of Accounts Payable and Other Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Subclassifications of assets, liabilities and equities [abstract]
Accounts payable	$ 11,258	$ 9,543
Provisions	4,244	5,065
Insurance contracts that are liabilities	9,041	8,223
Other liabilities	28,003	27,851
Accounts payable and other	$ 52,546	$ 50,682

ACCOUNTS PAYABLE AND OTHER - _2

ACCOUNTS PAYABLE AND OTHER - Schedule of Current and Non-Current Accounts Payables (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Subclassifications of assets, liabilities and equities [abstract]
Current	$ 29,136	$ 25,857
Non-current	23,410	24,825
Accounts payable and other	$ 52,546	$ 50,682

ACCOUNTS PAYABLE AND OTHER - Na

ACCOUNTS PAYABLE AND OTHER - Narrative (Details) $ in Millions	12 Months Ended
	Dec. 31, 2021USD ($)	Dec. 31, 2020USD ($)
Subclassifications of assets, liabilities and equities [abstract]
Other comprehensive income, before tax, gains (losses) on remeasurements of defined benefit plans	$ (545)	$ 298
Actuarial assumption of discount rates	3.00%	2.00%
Percentage increase in rate of compensation	1.00%	1.00%
Actuarial assumption of expected rates of investment	0.04	0.03

ACCOUNTS PAYABLE AND OTHER - _3

ACCOUNTS PAYABLE AND OTHER - Schedule of Post-Employment Benefits (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Subclassifications of assets, liabilities and equities [abstract]
Plan assets	$ 3,503	$ 3,335
Less accrued benefit obligation:
Defined benefit pension plan	(4,352)	(4,613)
Other post-employment benefits	(163)	(185)
Net defined benefit liability, before net actuarial gain (losses)	(1,012)	(1,463)
Less: net actuarial (losses) gains and other	(29)	11
Accrued benefit liability related to defined benefit plan	$ (1,041)	$ (1,452)

NON-RECOURSE BORROWINGS - Sched

NON-RECOURSE BORROWINGS - Schedule of Repayments on Subsidiary Borrowings (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Disclosure of detailed information about borrowings [line items]
Subsidiary borrowings	$ 13,049	$ 10,768
Deferred Financing Costs and Other on Subsidiary Borrowings	(77)
Less than 1 year
Disclosure of detailed information about borrowings [line items]
Subsidiary borrowings	635
Two years from reporting date
Disclosure of detailed information about borrowings [line items]
Subsidiary borrowings	456
2021
Disclosure of detailed information about borrowings [line items]
Subsidiary borrowings	1,387
2022
Disclosure of detailed information about borrowings [line items]
Subsidiary borrowings	713
2023
Disclosure of detailed information about borrowings [line items]
Subsidiary borrowings	4,379
Thereafter
Disclosure of detailed information about borrowings [line items]
Subsidiary borrowings	5,556
Total Principal repayments on Subsidiary Borrowings	13,126
Real Estate
Disclosure of detailed information about borrowings [line items]
Subsidiary borrowings	4,782	3,378
Deferred Financing Costs and Other on Subsidiary Borrowings	(58)
Real Estate \| Less than 1 year
Disclosure of detailed information about borrowings [line items]
Subsidiary borrowings	180
Real Estate \| Two years from reporting date
Disclosure of detailed information about borrowings [line items]
Subsidiary borrowings	396
Real Estate \| 2021
Disclosure of detailed information about borrowings [line items]
Subsidiary borrowings	792
Real Estate \| 2022
Disclosure of detailed information about borrowings [line items]
Subsidiary borrowings	396
Real Estate \| 2023
Disclosure of detailed information about borrowings [line items]
Subsidiary borrowings	2,760
Real Estate \| Thereafter
Disclosure of detailed information about borrowings [line items]
Subsidiary borrowings	316
Total Principal repayments on Subsidiary Borrowings	4,840
Renewable Power
Disclosure of detailed information about borrowings [line items]
Subsidiary borrowings	2,147	2,132
Deferred Financing Costs and Other on Subsidiary Borrowings	(9)
Renewable Power \| Less than 1 year
Disclosure of detailed information about borrowings [line items]
Subsidiary borrowings	0
Renewable Power \| Two years from reporting date
Disclosure of detailed information about borrowings [line items]
Subsidiary borrowings	0
Renewable Power \| 2021
Disclosure of detailed information about borrowings [line items]
Subsidiary borrowings	0
Renewable Power \| 2022
Disclosure of detailed information about borrowings [line items]
Subsidiary borrowings	317
Renewable Power \| 2023
Disclosure of detailed information about borrowings [line items]
Subsidiary borrowings	0
Renewable Power \| Thereafter
Disclosure of detailed information about borrowings [line items]
Subsidiary borrowings	1,839
Total Principal repayments on Subsidiary Borrowings	2,156
Infrastructure
Disclosure of detailed information about borrowings [line items]
Subsidiary borrowings	2,719	3,158
Deferred Financing Costs and Other on Subsidiary Borrowings	(19)
Infrastructure \| Less than 1 year
Disclosure of detailed information about borrowings [line items]
Subsidiary borrowings	431
Infrastructure \| Two years from reporting date
Disclosure of detailed information about borrowings [line items]
Subsidiary borrowings	0
Infrastructure \| 2021
Disclosure of detailed information about borrowings [line items]
Subsidiary borrowings	554
Infrastructure \| 2022
Disclosure of detailed information about borrowings [line items]
Subsidiary borrowings	0
Infrastructure \| 2023
Disclosure of detailed information about borrowings [line items]
Subsidiary borrowings	0
Infrastructure \| Thereafter
Disclosure of detailed information about borrowings [line items]
Subsidiary borrowings	1,753
Total Principal repayments on Subsidiary Borrowings	2,738
Private Equity
Disclosure of detailed information about borrowings [line items]
Subsidiary borrowings	1,619	310
Deferred Financing Costs and Other on Subsidiary Borrowings	0
Private Equity \| Less than 1 year
Disclosure of detailed information about borrowings [line items]
Subsidiary borrowings	0
Private Equity \| Two years from reporting date
Disclosure of detailed information about borrowings [line items]
Subsidiary borrowings	0
Private Equity \| 2021
Disclosure of detailed information about borrowings [line items]
Subsidiary borrowings	0
Private Equity \| 2022
Disclosure of detailed information about borrowings [line items]
Subsidiary borrowings	0
Private Equity \| 2023
Disclosure of detailed information about borrowings [line items]
Subsidiary borrowings	1,619
Private Equity \| Thereafter
Disclosure of detailed information about borrowings [line items]
Subsidiary borrowings	0
Total Principal repayments on Subsidiary Borrowings	1,619
Residential Development
Disclosure of detailed information about borrowings [line items]
Subsidiary borrowings	1,782	$ 1,790
Deferred Financing Costs and Other on Subsidiary Borrowings	9
Residential Development \| Less than 1 year
Disclosure of detailed information about borrowings [line items]
Subsidiary borrowings	24
Residential Development \| Two years from reporting date
Disclosure of detailed information about borrowings [line items]
Subsidiary borrowings	60
Residential Development \| 2021
Disclosure of detailed information about borrowings [line items]
Subsidiary borrowings	41
Residential Development \| 2022
Disclosure of detailed information about borrowings [line items]
Subsidiary borrowings	0
Residential Development \| 2023
Disclosure of detailed information about borrowings [line items]
Subsidiary borrowings	0
Residential Development \| Thereafter
Disclosure of detailed information about borrowings [line items]
Subsidiary borrowings	1,648
Total Principal repayments on Subsidiary Borrowings	$ 1,773

NON-RECOURSE BORROWINGS - Narra

NON-RECOURSE BORROWINGS - Narrative (Details) - Weighted average	Dec. 31, 2021	Dec. 31, 2020
Subsidiary borrowings
Disclosure of detailed information about borrowings [line items]
Annual Rate	3.50%	3.50%
Property-specific borrowings
Disclosure of detailed information about borrowings [line items]
Annual Rate	4.00%	4.20%

NON-RECOURSE BORROWINGS - Sch_2

NON-RECOURSE BORROWINGS - Schedule of Current and Non-current Subsidiary Borrowings (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Disclosure of detailed information about borrowings [line items]
Subsidiary borrowings	$ 13,049	$ 10,768
Current [member]
Disclosure of detailed information about borrowings [line items]
Subsidiary borrowings	635	317
Non-Current [Member]
Disclosure of detailed information about borrowings [line items]
Subsidiary borrowings	$ 12,414	$ 10,451

NON-RECOURSE BORROWINGS - Sch_3

NON-RECOURSE BORROWINGS - Schedule of Subsidiary Borrowings By Currency (Details) R$ in Millions, $ in Millions, $ in Millions	Dec. 31, 2021USD ($)	Dec. 31, 2021CAD ($)	Dec. 31, 2021BRL (R$)	Dec. 31, 2020USD ($)	Dec. 31, 2020CAD ($)	Dec. 31, 2020BRL (R$)
Disclosure of detailed information about borrowings [line items]
Subsidiary Borrowings	$ 13,049			$ 10,768
U.S. dollars
Disclosure of detailed information about borrowings [line items]
Subsidiary Borrowings	6,535			4,376
Canadian dollars
Disclosure of detailed information about borrowings [line items]
Subsidiary Borrowings	6,429	$ 8,130		6,254	$ 7,963
Brazil, Brazil Real
Disclosure of detailed information about borrowings [line items]
Subsidiary Borrowings	$ 85		R$ 472	$ 138		R$ 715

NON-RECOURSE BORROWINGS - Sch_4

NON-RECOURSE BORROWINGS - Schedule of Repayments of Property Specific Mortgages (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Disclosure of detailed information about borrowings [line items]
Property-specific borrowings	$ 152,008	$ 128,556
Deferred Financing Costs and Other on Secured bank loans	(935)
Real Estate
Disclosure of detailed information about borrowings [line items]
Property-specific borrowings	74,978	67,073
Deferred Financing Costs and Other on Secured bank loans	(407)
Renewable Power
Disclosure of detailed information about borrowings [line items]
Property-specific borrowings	19,893	16,353
Deferred Financing Costs and Other on Secured bank loans	18
Infrastructure
Disclosure of detailed information about borrowings [line items]
Property-specific borrowings	28,515	21,309
Deferred Financing Costs and Other on Secured bank loans	23
Private Equity
Disclosure of detailed information about borrowings [line items]
Property-specific borrowings	27,894	23,333
Deferred Financing Costs and Other on Secured bank loans	(563)
Residential Development
Disclosure of detailed information about borrowings [line items]
Property-specific borrowings	728	$ 488
Deferred Financing Costs and Other on Secured bank loans	(6)
One year from reporting date
Disclosure of detailed information about borrowings [line items]
Property-specific borrowings	31,244
One year from reporting date \| Real Estate
Disclosure of detailed information about borrowings [line items]
Property-specific borrowings	22,314
One year from reporting date \| Renewable Power
Disclosure of detailed information about borrowings [line items]
Property-specific borrowings	1,952
One year from reporting date \| Infrastructure
Disclosure of detailed information about borrowings [line items]
Property-specific borrowings	4,230
One year from reporting date \| Private Equity
Disclosure of detailed information about borrowings [line items]
Property-specific borrowings	2,544
One year from reporting date \| Residential Development
Disclosure of detailed information about borrowings [line items]
Property-specific borrowings	204
Two years from reporting date
Disclosure of detailed information about borrowings [line items]
Property-specific borrowings	21,146
Two years from reporting date \| Real Estate
Disclosure of detailed information about borrowings [line items]
Property-specific borrowings	13,538
Two years from reporting date \| Renewable Power
Disclosure of detailed information about borrowings [line items]
Property-specific borrowings	2,768
Two years from reporting date \| Infrastructure
Disclosure of detailed information about borrowings [line items]
Property-specific borrowings	2,806
Two years from reporting date \| Private Equity
Disclosure of detailed information about borrowings [line items]
Property-specific borrowings	1,877
Two years from reporting date \| Residential Development
Disclosure of detailed information about borrowings [line items]
Property-specific borrowings	157
2021
Disclosure of detailed information about borrowings [line items]
Property-specific borrowings	22,475
2021 \| Real Estate
Disclosure of detailed information about borrowings [line items]
Property-specific borrowings	14,965
2021 \| Renewable Power
Disclosure of detailed information about borrowings [line items]
Property-specific borrowings	1,393
2021 \| Infrastructure
Disclosure of detailed information about borrowings [line items]
Property-specific borrowings	3,223
2021 \| Private Equity
Disclosure of detailed information about borrowings [line items]
Property-specific borrowings	2,523
2021 \| Residential Development
Disclosure of detailed information about borrowings [line items]
Property-specific borrowings	371
2022
Disclosure of detailed information about borrowings [line items]
Property-specific borrowings	16,521
2022 \| Real Estate
Disclosure of detailed information about borrowings [line items]
Property-specific borrowings	8,287
2022 \| Renewable Power
Disclosure of detailed information about borrowings [line items]
Property-specific borrowings	1,142
2022 \| Infrastructure
Disclosure of detailed information about borrowings [line items]
Property-specific borrowings	2,863
2022 \| Private Equity
Disclosure of detailed information about borrowings [line items]
Property-specific borrowings	4,227
2022 \| Residential Development
Disclosure of detailed information about borrowings [line items]
Property-specific borrowings	2
2023
Disclosure of detailed information about borrowings [line items]
Property-specific borrowings	20,562
2023 \| Real Estate
Disclosure of detailed information about borrowings [line items]
Property-specific borrowings	5,244
2023 \| Renewable Power
Disclosure of detailed information about borrowings [line items]
Property-specific borrowings	2,004
2023 \| Infrastructure
Disclosure of detailed information about borrowings [line items]
Property-specific borrowings	5,522
2023 \| Private Equity
Disclosure of detailed information about borrowings [line items]
Property-specific borrowings	7,792
2023 \| Residential Development
Disclosure of detailed information about borrowings [line items]
Property-specific borrowings	0
Thereafter
Disclosure of detailed information about borrowings [line items]
Property-specific borrowings	40,995
Total Principal repayments on Secured bank loans	152,943
Thereafter \| Real Estate
Disclosure of detailed information about borrowings [line items]
Property-specific borrowings	11,037
Total Principal repayments on Secured bank loans	75,385
Thereafter \| Renewable Power
Disclosure of detailed information about borrowings [line items]
Property-specific borrowings	10,616
Total Principal repayments on Secured bank loans	19,875
Thereafter \| Infrastructure
Disclosure of detailed information about borrowings [line items]
Property-specific borrowings	9,848
Total Principal repayments on Secured bank loans	28,492
Thereafter \| Private Equity
Disclosure of detailed information about borrowings [line items]
Property-specific borrowings	9,494
Total Principal repayments on Secured bank loans	28,457
Thereafter \| Residential Development
Disclosure of detailed information about borrowings [line items]
Property-specific borrowings	0
Total Principal repayments on Secured bank loans	$ 734

NON-RECOURSE BORROWINGS - Sch_5

NON-RECOURSE BORROWINGS - Schedule of Current and Non-current property specific mortgages (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Disclosure of financial liabilities [abstract]
Current	$ 31,244	$ 20,970
Non-current	120,764	107,586
Total	$ 152,008	$ 128,556

NON-RECOURSE BORROWINGS - Sch_6

NON-RECOURSE BORROWINGS - Schedule of Borrowings By Currency (Details) € in Millions, ₩ in Millions, ₨ in Millions, £ in Millions, R$ in Millions, CLF in Millions, $ in Millions, $ in Millions, $ in Millions, $ in Millions

Dec. 31, 2021USD ($)

Dec. 31, 2021GBP (£)

Dec. 31, 2021INR (₨)

Dec. 31, 2021CAD ($)

Dec. 31, 2021EUR (€)

Dec. 31, 2021AUD ($)

Dec. 31, 2021BRL (R$)

Dec. 31, 2021COP ($)

Dec. 31, 2021KRW (₩)

Dec. 31, 2021CLF

Dec. 31, 2020USD ($)

Dec. 31, 2020GBP (£)

Dec. 31, 2020INR (₨)

Dec. 31, 2020CAD ($)

Dec. 31, 2020EUR (€)

Dec. 31, 2020AUD ($)

Dec. 31, 2020BRL (R$)

Dec. 31, 2020COP ($)

Dec. 31, 2020KRW (₩)

Dec. 31, 2020CLF

Disclosure of detailed information about borrowings [line items]

Property-specific borrowings

$ 152,008

$ 128,556

U.S. dollars

Disclosure of detailed information about borrowings [line items]

Property-specific borrowings

86,437

78,223

British pounds

Disclosure of detailed information about borrowings [line items]

Property-specific borrowings

12,446

£ 9,197

10,341

£ 7,565

Indian rupees

Disclosure of detailed information about borrowings [line items]

Property-specific borrowings

8,223

₨ 613,684

8,978

₨ 655,328

Canadian dollars

Disclosure of detailed information about borrowings [line items]

Property-specific borrowings

16,660

$ 21,054

8,458

$ 10,771

European Union euros

Disclosure of detailed information about borrowings [line items]

Property-specific borrowings

12,722

€ 11,204

7,816

€ 6,398

Australian dollars

Disclosure of detailed information about borrowings [line items]

Property-specific borrowings

4,392

$ 6,048

4,799

$ 6,237

Brazilian reais

Disclosure of detailed information about borrowings [line items]

Property-specific borrowings

4,919

R$ 27449

3,487

R$ 18147

Colombian pesos

Disclosure of detailed information about borrowings [line items]

Property-specific borrowings

2,367

$ 9,480,307

2,141

$ 7,332,845

Korean won

Disclosure of detailed information about borrowings [line items]

Property-specific borrowings

1,910

₩ 2,271,074

2,082

₩ 2,268,301

Chilean unidades de fomento

Disclosure of detailed information about borrowings [line items]

Property-specific borrowings

CLF 0

1,187

CLF 29

Other [Member]

Disclosure of detailed information about borrowings [line items]

Property-specific borrowings

$ 1,932

$ 1,044

SUBSIDIARY EQUITY OBLIGATIONS -

SUBSIDIARY EQUITY OBLIGATIONS - Schedule of Subsidiary Equity Obligations (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Disclosure of financial liabilities [line items]
Subsidiary preferred equity units	$ 1,585	$ 1,679
Limited-life funds and redeemable fund units	1,538	1,456
Total	4,308	3,699
Real Estate
Disclosure of financial liabilities [line items]
Limited-life funds and redeemable fund units	859	864
Subsidiary preferred shares and capital	1,185	564
Infrastructure
Disclosure of financial liabilities [line items]
Limited-life funds and redeemable fund units	545	517
Corporate Activities
Disclosure of financial liabilities [line items]
Limited-life funds and redeemable fund units	$ 134	$ 75

SUBSIDIARY EQUITY OBLIGATIONS_2

SUBSIDIARY EQUITY OBLIGATIONS - Narrative (Details) $ in Millions	12 Months Ended
	Dec. 31, 2021USD ($)$ / shares	Dec. 31, 2020USD ($)
Disclosure of subsidiaries [line items]
Subsidiary preferred equity units	$ 1,585	$ 1,679
Liquidation preference per unit \| $ / shares	$ 25
Limited-Life Funds and Redeemable Fund Units	$ 1,538	$ 1,456
Percentage of annual return payable in monthly distributions		9.00%
Brookfield Property Partners L.P. [Member]
Disclosure of subsidiaries [line items]
Exchangeable price of BPY preferred units issued to QIA \| $ / shares	$ 25.70
2021 \| Brookfield Property Partners L.P. [Member]
Disclosure of subsidiaries [line items]
Subsidiary preferred equity units	$ 600
Preferred equity held by third party investor in Manufactured Housing
Disclosure of subsidiaries [line items]
Subsidiary preferred shares and capital		$ 249
Preferred equity held by third party investor in Rouse Properties L.P.
Disclosure of subsidiaries [line items]
Subsidiary preferred shares and capital	142	142
Real Estate
Disclosure of subsidiaries [line items]
Limited-Life Funds and Redeemable Fund Units	859	864
Subsidiary preferred shares and capital	1,185	564
Real Estate \| Preferred equity held by third party investor in Rouse Properties L.P.
Disclosure of subsidiaries [line items]
Subsidiary preferred shares and capital	142	142
Infrastructure
Disclosure of subsidiaries [line items]
Limited-Life Funds and Redeemable Fund Units	545	517
Corporate Activities
Disclosure of subsidiaries [line items]
Limited-Life Funds and Redeemable Fund Units	$ 134	$ 75

SUBSIDIARY EQUITY OBLIGATIONS_3

SUBSIDIARY EQUITY OBLIGATIONS - Schedule of Preferred Equity Units (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Disclosure of subsidiaries [line items]
Subsidiary preferred equity units	$ 1,585	$ 1,679
Series 1
Disclosure of subsidiaries [line items]
Issued and Outstanding (in shares)	0
Cumulative Dividend Rate	6.25%
Subsidiary preferred equity units	$ 0	586
Series 2
Disclosure of subsidiaries [line items]
Issued and Outstanding (in shares)	24,000,000
Cumulative Dividend Rate	6.50%
Subsidiary preferred equity units	$ 565	555
Series 3
Disclosure of subsidiaries [line items]
Issued and Outstanding (in shares)	24,000,000
Cumulative Dividend Rate	6.75%
Subsidiary preferred equity units	$ 546	538
New LP Preferred Units [Member]
Disclosure of subsidiaries [line items]
Issued and Outstanding (in shares)	19,273,654
Cumulative Dividend Rate	6.25%
Subsidiary preferred equity units	$ 474	$ 0

SUBSIDIARY EQUITY OBLIGATIONS_4

SUBSIDIARY EQUITY OBLIGATIONS - Schedule of Subsidiary Preferred Shares (Details) ₨ in Millions, $ in Millions, $ in Millions	Dec. 31, 2021USD ($)shares	Dec. 31, 2021CAD ($)shares	Dec. 31, 2021INR (₨)shares	Dec. 31, 2020USD ($)	Dec. 31, 2020CAD ($)	Dec. 31, 2020INR (₨)
Series 1
Disclosure of subsidiaries [line items]
Issued and Outstanding (in shares)	0	0	0
Cumulative Dividend Rate	6.25%	6.25%	6.25%
Series 2
Disclosure of subsidiaries [line items]
Issued and Outstanding (in shares)	24,000,000	24,000,000	24,000,000
Cumulative Dividend Rate	6.50%	6.50%	6.50%
Series 3
Disclosure of subsidiaries [line items]
Issued and Outstanding (in shares)	24,000,000	24,000,000	24,000,000
Cumulative Dividend Rate	6.75%	6.75%	6.75%
Rouse Series A preferred shares
Disclosure of subsidiaries [line items]
Subsidiary Preferred Shares \| $	$ 142			$ 142
Real Estate
Disclosure of subsidiaries [line items]
Subsidiary Preferred Shares \| $	$ 1,185			564
Real Estate \| Brookfield Property Split Corp. (“BOP Split”) senior preferred shares \| Series 1
Disclosure of subsidiaries [line items]
Issued and Outstanding (in shares)	842,534	842,534	842,534
Cumulative Dividend Rate	5.25%	5.25%	5.25%
Subsidiary Preferred Shares \| $	$ 21			21
Real Estate \| Brookfield Property Split Corp. (“BOP Split”) senior preferred shares \| Series 2
Disclosure of subsidiaries [line items]
Issued and Outstanding (in shares)	556,746	556,746	556,746
Cumulative Dividend Rate	5.75%	5.75%	5.75%
Subsidiary Preferred Shares \| $		$ 11			$ 11
Real Estate \| Brookfield Property Split Corp. (“BOP Split”) senior preferred shares \| Series 3
Disclosure of subsidiaries [line items]
Issued and Outstanding (in shares)	781,592	781,592	781,592
Cumulative Dividend Rate	5.00%	5.00%	5.00%
Subsidiary Preferred Shares \| $		$ 15			16
Real Estate \| Brookfield Property Split Corp. (“BOP Split”) senior preferred shares \| Series 4
Disclosure of subsidiaries [line items]
Issued and Outstanding (in shares)	582,894	582,894	582,894
Cumulative Dividend Rate	5.20%	5.20%	5.20%
Subsidiary Preferred Shares \| $		$ 12			12
Real Estate \| BSREP II RH B LLC (“Manufactured Housing”) preferred capital
Disclosure of subsidiaries [line items]
Issued and Outstanding (in shares)	0	0	0
Cumulative Dividend Rate	9.00%	9.00%	9.00%
Subsidiary Preferred Shares \| $	$ 0			249
Real Estate \| Rouse Series A preferred shares
Disclosure of subsidiaries [line items]
Issued and Outstanding (in shares)	5,600,000	5,600,000	5,600,000
Cumulative Dividend Rate	5.00%	5.00%	5.00%
Subsidiary Preferred Shares \| $	$ 142			142
Real Estate \| Preferred equity held by third party investor in Brookfield India Real Estate Trust [Member]
Disclosure of subsidiaries [line items]
Issued and Outstanding (in shares)	138,181,800	138,181,800	138,181,800
Cumulative Dividend Rate	90.00%	90.00%	90.00%
Subsidiary Preferred Shares \| $	$ 440			0
Real Estate \| BSREP II Vintage Estate Partners LLC (“Vintage Estates”) preferred shares
Disclosure of subsidiaries [line items]
Issued and Outstanding (in shares)	0	0	0
Cumulative Dividend Rate	5.00%	5.00%	5.00%
Subsidiary Preferred Shares \| $	$ 0			40
Real Estate \| Preferred equity held by third party investor in BIP Investment Corporation Series 1 Senior preferred shares [Member]
Disclosure of subsidiaries [line items]
Issued and Outstanding (in shares)	4,000,000	4,000,000	4,000,000
Cumulative Dividend Rate	5.85%	5.85%	5.85%
Subsidiary Preferred Shares \| $		$ 73			$ 73
Infrastructure \| Preferred equity held by third party investor in BIP India Trust [Member]
Disclosure of subsidiaries [line items]
Issued and Outstanding (in shares)	371,800,000	371,800,000	371,800,000
Subsidiary Preferred Shares			₨ 471	$ 0		₨ 0

DIRECT COSTS - Schedule of List

DIRECT COSTS - Schedule of Lists of Direct Costs (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Analysis of income and expense [abstract]
Cost of sales	$ 44,149	$ 35,150
Compensation	7,804	6,857
Depreciation and amortisation expense	6,437	5,791
Selling, general and administrative expenses	3,197	2,860
Property taxes, sales taxes and other	2,413	2,519
Total	$ 64,000	$ 53,177

DERIVATIVE FINANCIAL INSTRUME_3

DERIVATIVE FINANCIAL INSTRUMENTS - Notional Amount of Derivative Positions (Details) $ in Millions	Dec. 31, 2021USD ($)MMBTUGWh	Dec. 31, 2020USD ($)MMBTUGWh
Foreign exchange
Disclosure of detailed information about financial instruments [line items]
Derivative, Notional Amount	$ 63,083	$ 39,284
Interest rates
Disclosure of detailed information about financial instruments [line items]
Derivative, Notional Amount	55,899	61,111
Equity derivatives
Disclosure of detailed information about financial instruments [line items]
Derivative, Notional Amount	$ 4,448	$ 2,081
Energy commodity instrument [Member]
Disclosure of detailed information about financial instruments [line items]
Nominal Amount of Commodity Derivatives \| GWh	35,156	27,564
Natural gas commodity instrument [Member]
Disclosure of detailed information about financial instruments [line items]
Nominal Amount of Commodity Derivatives \| MMBTU	246,375,000	121,468,000

DERIVATIVE FINANCIAL INSTRUME_4

DERIVATIVE FINANCIAL INSTRUMENTS - Foreign Exchange Contract Derivative Positions (Details) $ in Millions	12 Months Ended
	Dec. 31, 2021USD ($)	Dec. 31, 2020USD ($)
Foreign exchange
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]
Derivative, Notional Amount	$ 63,083	$ 39,284
Canadian dollars \| Foreign exchange
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]
Derivative, Notional Amount	$ 11,689	$ 7,539
Average Exchange Rate	0.81	0.76
Canadian dollars \| Cross currency interest rate swaps [Member]
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]
Derivative, Notional Amount	$ 5,566	$ 6,868
Average Exchange Rate	0.63	0.77
Canadian dollars \| Foreign exchange options [Member]
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]
Derivative, Notional Amount	$ 0	$ 2,030
Average Exchange Rate	0	0.74
British pounds \| Foreign exchange
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]
Derivative, Notional Amount	$ 12,089	$ 3,986
Average Exchange Rate	1.19	1.31
British pounds \| Cross currency interest rate swaps [Member]
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]
Derivative, Notional Amount	$ 298	$ 275
Average Exchange Rate	1.48	1.49
European Union euros \| Foreign exchange
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]
Derivative, Notional Amount	$ 9,939	$ 4,561
Average Exchange Rate	1.14	1.17
European Union euros \| Cross currency interest rate swaps [Member]
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]
Derivative, Notional Amount	$ 848	$ 1,914
Average Exchange Rate	1.06	1.06
European Union euros \| Foreign exchange options [Member]
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]
Derivative, Notional Amount	$ 1,430	$ 245
Average Exchange Rate	1.11	1.17
Australian dollars \| Foreign exchange
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]
Derivative, Notional Amount	$ 4,791	$ 2,632
Average Exchange Rate	0.72	0.69
Australian dollars \| Cross currency interest rate swaps [Member]
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]
Derivative, Notional Amount	$ 1,317	$ 1,374
Average Exchange Rate	0.98	0.53
Indian rupees \| Foreign exchange
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]
Derivative, Notional Amount	$ 3,281	$ 1,288
Average Exchange Rate	78.90	77.56
Indian rupees \| Foreign exchange options [Member]
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]
Derivative, Notional Amount	$ 572	$ 0
Average Exchange Rate	74.56	0
Chile, Pesos \| Foreign exchange
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]
Derivative, Notional Amount	$ 0	$ 159
Average Exchange Rate	0	770.89
Korean won \| Foreign exchange
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]
Derivative, Notional Amount	$ 756	$ 700
Average Exchange Rate	1,151	1,175
Chinese yuan1 \| Foreign exchange
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]
Derivative, Notional Amount	$ 2,484	$ 1,633
Average Exchange Rate	6.02	7.05
Japanese yen \| Foreign exchange
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]
Derivative, Notional Amount	$ 793	$ 212
Average Exchange Rate	111.27	105.82
Japanese yen \| Cross currency interest rate swaps [Member]
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]
Derivative, Notional Amount	$ 750	$ 750
Average Exchange Rate	113.33	113.33
Colombian pesos \| Foreign exchange
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]
Derivative, Notional Amount	$ 740	$ 96
Average Exchange Rate	3,937	3,621
Colombian pesos \| Cross currency interest rate swaps [Member]
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]
Derivative, Notional Amount	$ 0	$ 88
Average Exchange Rate	0	3,880
Brazilian reais \| Foreign exchange
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]
Derivative, Notional Amount	$ 1,291	$ 276
Average Exchange Rate	0.16	0.19
Brazilian reais \| Futures contract [member]
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]
Derivative, Notional Amount	$ 175	$ 105
Average Exchange Rate	0.18	0.19
Sweden, Kronor \| Foreign exchange
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]
Derivative, Notional Amount	$ 1,475	$ 1,647
Average Exchange Rate	9.08	8.58
Other currencies \| Foreign exchange
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]
Derivative, Notional Amount	$ 2,799	$ 903

DERIVATIVE FINANCIAL INSTRUME_5

DERIVATIVE FINANCIAL INSTRUMENTS - Narrative (Details) $ in Millions	12 Months Ended
	Dec. 31, 2021USD ($)MMBTU	Dec. 31, 2020USD ($)MMBTU
Disclosure of detailed information about hedging instruments [line items]
Unrealised Gains (Losses) On Change In Fair Value Of Derivatives	$ 704	$ 540
Equity derivatives
Disclosure of detailed information about hedging instruments [line items]
Derivative, Notional Amount	1,800	1,300
Interest Rate Swap and Forward Starting Swap Contracts [Member]
Disclosure of detailed information about hedging instruments [line items]
Derivative, Notional Amount	28,600	30,200
Interest Rate Swaptions
Disclosure of detailed information about hedging instruments [line items]
Derivative, Notional Amount	200	3,900
Interest Rate Cap Contracts
Disclosure of detailed information about hedging instruments [line items]
Derivative, Notional Amount	27,100	27,000
Foreign exchange
Disclosure of detailed information about hedging instruments [line items]
Unrealised Gains (Losses) On Change In Fair Value Of Derivatives	(53)	41
Gains (losses) on hedges of net investments in foreign operations, net of tax	367	28
Derivative, Notional Amount	63,083	39,284
Equity derivatives
Disclosure of detailed information about hedging instruments [line items]
Unrealised Gains (Losses) On Change In Fair Value Of Derivatives	757	850
Derivative, Notional Amount	$ 4,448	$ 2,081
Natural gas commodity instrument [Member]
Disclosure of detailed information about hedging instruments [line items]
Nominal Amount of Commodity Derivatives \| MMBTU	246,375,000	121,468,000

DERIVATIVE FINANCIAL INSTRUME_6

DERIVATIVE FINANCIAL INSTRUMENTS - Hedge Classification (Details) bbl in Thousands, $ in Millions	12 Months Ended
	Dec. 31, 2021USD ($)MMBTUGWhbbl	Dec. 31, 2020USD ($)GWhMMBTUbbl
Cash flow hedges
Disclosure of detailed information about hedging instruments [line items]
Nominal amount of derivative positions	$ 43,776	$ 39,128
Gains (losses) on cash flow hedges, before tax	582	(479)
Ineffective Portion	24	10
Net investment hedges
Disclosure of detailed information about hedging instruments [line items]
Nominal amount of derivative positions	43,997	17,788
Gains (losses) on hedges of net investments in foreign operations, before tax	407	182
Ineffective Portion	(14)	10
Cash flow hedges and hedges of net investment in foreign operations [Member]
Disclosure of detailed information about hedging instruments [line items]
Nominal amount of derivative positions	87,773	56,916
Gain (loss) on hedge effectiveness recognised in other comprehensive income	989	(297)
Ineffective Portion	$ 10	$ 20
Oil and gas assets [member] \| Cash flow hedges
Disclosure of detailed information about hedging instruments [line items]
Number in Barrels of Commodity Derivatives \| bbl	1,152	1,302
Energy commodity instrument [Member]
Disclosure of detailed information about hedging instruments [line items]
Nominal Amount of Commodity Derivatives \| GWh	35,156	27,564
Energy commodity instrument [Member] \| Cash flow hedges
Disclosure of detailed information about hedging instruments [line items]
Nominal Amount of Commodity Derivatives \| GWh	17,753	13,950
Natural gas commodity instrument [Member]
Disclosure of detailed information about hedging instruments [line items]
Nominal Amount of Commodity Derivatives \| MMBTU	246,375,000	121,468,000
Natural gas commodity instrument [Member] \| Cash flow hedges
Disclosure of detailed information about hedging instruments [line items]
Nominal Amount of Commodity Derivatives \| MMBTU	93,623,000	82,663,000

DERIVATIVE FINANCIAL INSTRUME_7

DERIVATIVE FINANCIAL INSTRUMENTS - Change in Fair Value of Derivative Instruments (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Disclosure of detailed information about hedging instruments [line items]
Unrealized Gains	$ 1,355
Unrealized losses	(651)
Net Change	(704)	$ (540)
Foreign exchange
Disclosure of detailed information about hedging instruments [line items]
Unrealized Gains	191
Unrealized losses	244
Net Change	53	(41)
Interest rates
Disclosure of detailed information about hedging instruments [line items]
Unrealized Gains	332
Unrealized losses	149
Net Change	(183)	227
Equity derivatives
Disclosure of detailed information about hedging instruments [line items]
Unrealized Gains	788
Unrealized losses	31
Net Change	(757)	(850)
Commodity instruments
Disclosure of detailed information about hedging instruments [line items]
Unrealized Gains	44
Unrealized losses	227
Net Change	$ 183	$ 42

DERIVATIVE FINANCIAL INSTRUME_8

DERIVATIVE FINANCIAL INSTRUMENTS - Notional Amount of Derivative Instruments Fair Value Through Profit or Loss (Details) $ in Millions	Dec. 31, 2021USD ($)MMBTUGWh	Dec. 31, 2020USD ($)MMBTUGWh
Equity derivatives
Disclosure of detailed information about hedging instruments [line items]
Derivative, Notional Amount	$ 1,800	$ 1,300
Fair value through profit or loss \| Foreign exchange
Disclosure of detailed information about hedging instruments [line items]
Derivative, Notional Amount	10,933	12,178
Fair value through profit or loss \| Foreign exchange \| Less than 1 year
Disclosure of detailed information about hedging instruments [line items]
Derivative, Notional Amount	8,836
Fair value through profit or loss \| Foreign exchange \| 1 to 5 Years
Disclosure of detailed information about hedging instruments [line items]
Derivative, Notional Amount	1,829
Fair value through profit or loss \| Foreign exchange \| Thereafter
Disclosure of detailed information about hedging instruments [line items]
Derivative, Notional Amount	268
Fair value through profit or loss \| Interest rates
Disclosure of detailed information about hedging instruments [line items]
Derivative, Notional Amount	19,661	27,080
Fair value through profit or loss \| Interest rates \| Less than 1 year
Disclosure of detailed information about hedging instruments [line items]
Derivative, Notional Amount	9,409
Fair value through profit or loss \| Interest rates \| 1 to 5 Years
Disclosure of detailed information about hedging instruments [line items]
Derivative, Notional Amount	10,012
Fair value through profit or loss \| Interest rates \| Thereafter
Disclosure of detailed information about hedging instruments [line items]
Derivative, Notional Amount	240
Fair value through profit or loss \| Equity derivatives
Disclosure of detailed information about hedging instruments [line items]
Derivative, Notional Amount	4,353	$ 2,081
Fair value through profit or loss \| Equity derivatives \| Less than 1 year
Disclosure of detailed information about hedging instruments [line items]
Derivative, Notional Amount	3,334
Fair value through profit or loss \| Equity derivatives \| 1 to 5 Years
Disclosure of detailed information about hedging instruments [line items]
Derivative, Notional Amount	1,019
Fair value through profit or loss \| Equity derivatives \| Thereafter
Disclosure of detailed information about hedging instruments [line items]
Derivative, Notional Amount	$ 0
Fair value through profit or loss \| Energy commodity instrument [Member]
Disclosure of detailed information about hedging instruments [line items]
Nominal Amount of Commodity Derivatives \| GWh	17,403,000,000	13,613,000,000
Fair value through profit or loss \| Energy commodity instrument [Member] \| Less than 1 year
Disclosure of detailed information about hedging instruments [line items]
Nominal Amount of Commodity Derivatives \| GWh	2,335,000,000
Fair value through profit or loss \| Energy commodity instrument [Member] \| 1 to 5 Years
Disclosure of detailed information about hedging instruments [line items]
Nominal Amount of Commodity Derivatives \| GWh	12,602,000,000
Fair value through profit or loss \| Energy commodity instrument [Member] \| Thereafter
Disclosure of detailed information about hedging instruments [line items]
Nominal Amount of Commodity Derivatives \| GWh	2,466,000,000
Fair value through profit or loss \| Natural gas commodity instrument [Member]
Disclosure of detailed information about hedging instruments [line items]
Nominal Amount of Commodity Derivatives \| MMBTU	152,753,000	38,805,000
Fair value through profit or loss \| Natural gas commodity instrument [Member] \| Less than 1 year
Disclosure of detailed information about hedging instruments [line items]
Nominal Amount of Commodity Derivatives \| MMBTU	134,298,000
Fair value through profit or loss \| Natural gas commodity instrument [Member] \| 1 to 5 Years
Disclosure of detailed information about hedging instruments [line items]
Nominal Amount of Commodity Derivatives \| MMBTU	18,455,000
Fair value through profit or loss \| Natural gas commodity instrument [Member] \| Thereafter
Disclosure of detailed information about hedging instruments [line items]
Nominal Amount of Commodity Derivatives \| MMBTU	0
Elected for hedge accounting \| Foreign exchange
Disclosure of detailed information about hedging instruments [line items]
Derivative, Notional Amount	$ 52,150	$ 27,106
Elected for hedge accounting \| Interest rates
Disclosure of detailed information about hedging instruments [line items]
Derivative, Notional Amount	$ 36,238	$ 34,032
Elected for hedge accounting \| Energy commodity instrument [Member]
Disclosure of detailed information about hedging instruments [line items]
Nominal Amount of Commodity Derivatives \| GWh	17,754,000,000	13,950,000,000
Elected for hedge accounting \| Natural gas commodity instrument [Member]
Disclosure of detailed information about hedging instruments [line items]
Nominal Amount of Commodity Derivatives \| MMBTU	93,623,000	82,664,000
Elected for hedge accounting \| Equity derivatives
Disclosure of detailed information about hedging instruments [line items]
Derivative, Notional Amount	$ 95	$ 0
Elected for hedge accounting \| Less than 1 year \| Foreign exchange
Disclosure of detailed information about hedging instruments [line items]
Derivative, Notional Amount	16,494
Elected for hedge accounting \| Less than 1 year \| Interest rates
Disclosure of detailed information about hedging instruments [line items]
Derivative, Notional Amount	$ 11,494
Elected for hedge accounting \| Less than 1 year \| Energy commodity instrument [Member]
Disclosure of detailed information about hedging instruments [line items]
Nominal Amount of Commodity Derivatives \| GWh	6,165,000,000
Elected for hedge accounting \| Less than 1 year \| Natural gas commodity instrument [Member]
Disclosure of detailed information about hedging instruments [line items]
Nominal Amount of Commodity Derivatives \| MMBTU	58,741,000
Elected for hedge accounting \| Less than 1 year \| Equity derivatives
Disclosure of detailed information about hedging instruments [line items]
Derivative, Notional Amount	$ 95
Elected for hedge accounting \| 1 to 5 Years \| Foreign exchange
Disclosure of detailed information about hedging instruments [line items]
Derivative, Notional Amount	34,763
Elected for hedge accounting \| 1 to 5 Years \| Interest rates
Disclosure of detailed information about hedging instruments [line items]
Derivative, Notional Amount	$ 22,846
Elected for hedge accounting \| 1 to 5 Years \| Energy commodity instrument [Member]
Disclosure of detailed information about hedging instruments [line items]
Nominal Amount of Commodity Derivatives \| GWh	7,780,000,000
Elected for hedge accounting \| 1 to 5 Years \| Natural gas commodity instrument [Member]
Disclosure of detailed information about hedging instruments [line items]
Nominal Amount of Commodity Derivatives \| MMBTU	34,882,000
Elected for hedge accounting \| 1 to 5 Years \| Equity derivatives
Disclosure of detailed information about hedging instruments [line items]
Derivative, Notional Amount	$ 0
Elected for hedge accounting \| Thereafter \| Foreign exchange
Disclosure of detailed information about hedging instruments [line items]
Derivative, Notional Amount	893
Elected for hedge accounting \| Thereafter \| Interest rates
Disclosure of detailed information about hedging instruments [line items]
Derivative, Notional Amount	$ 1,898
Elected for hedge accounting \| Thereafter \| Energy commodity instrument [Member]
Disclosure of detailed information about hedging instruments [line items]
Nominal Amount of Commodity Derivatives \| GWh	3,809,000,000
Elected for hedge accounting \| Thereafter \| Natural gas commodity instrument [Member]
Disclosure of detailed information about hedging instruments [line items]
Nominal Amount of Commodity Derivatives \| MMBTU	0
Elected for hedge accounting \| Thereafter \| Equity derivatives
Disclosure of detailed information about hedging instruments [line items]
Derivative, Notional Amount	$ 0

MANAGEMENT OF RISKS ARISING F_3

MANAGEMENT OF RISKS ARISING FROM HOLDING FINANCIAL INSTRUMENTS - Narrative (Details) $ in Millions	12 Months Ended
	Dec. 31, 2021USD ($)	Dec. 31, 2020USD ($)
Interest rate risk
Disclosure of detailed information about financial instruments [line items]
Basis point increase in interest rates	0.50
Net income impact of a 50 basis-point increase in interest rate on floating rate financial assets and liabilities	$ 283	$ 156
Net income impact of 50 basis point increase in yield curve on financial assets and liabilities	101	137
Other comprehensive income impact of 50 basis point increase in yield curve on financial assets and liabilities	$ 318	363
Currency risk
Disclosure of detailed information about financial instruments [line items]
Percentage of increase in U.S dollar against other currencies	1.00%
Impact of 1% increase in U.S. dollar against foreign currencies on unhedged financial instruments	$ 109	117
Impact of 1% increase in U.S. dollar against foreign currencies on hedged financial instruments	$ 509	235
Equity price risk
Disclosure of detailed information about financial instruments [line items]
Percentage Of Increase (Decrease) In Market Price Of Equity Securities And Equity Derivatives	5.00%
Impact on Net Income as a Result of a Percentage Decrease Equity Securities	$ 303	186
Impact on Other Comprehensive Income as a Result of a Percentage Decrease Equity Securities	$ 122	161
Percentage change in the common equity price	5.00%
Increase in compensation liability and expense	$ 98	69
Increase (decrease) in equity derivatives used for compensation hedging from a 5% change in the common equity price of the company	116	78
Amount to offset increase in compensation expense	98	69
Other comprehensive income impact of equity derivatives used for compensation hedging	$ 18	9
Other price risk
Disclosure of detailed information about financial instruments [line items]
Percentage increase in energy prices	5.00%
Impact on net income from a 5% decrease in energy prices	$ 49	16
Impact on other comprehensive income from a 5% decrease in energy prices	$ 27	$ 19

MANAGEMENT OF RISKS ARISING F_4

MANAGEMENT OF RISKS ARISING FROM HOLDING FINANCIAL INSTRUMENTS - Contractual Maturities of Financial Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Principal repayments
Principal repayments of borrowings	$ 10,875	$ 9,077
Principal repayment of borrowings	10,875	9,077
Non-recourse borrowings of managed entities	165,057	139,324
Subsidiary equity obligations	4,308	3,699
Interest expense
Corporate borrowings	5,533	5,450
Non-recourse borrowings	34,838	28,556
Subsidiary equity obligations	723	575
Insurance contracts that are liabilities	9,041	8,223
Undiscounted Finance Lease Payments to be Paid [Member]
Interest expense
Insurance contracts that are liabilities	18,710	15,375
Less than 1 year
Principal repayments
Principal repayments of borrowings	0
Principal repayment of borrowings		0
Non-recourse borrowings of managed entities	31,683	21,108
Subsidiary equity obligations	546	799
Interest expense
Corporate borrowings	420	405
Non-recourse borrowings	5,918	5,145
Subsidiary equity obligations	162	147
Less than 1 year \| Undiscounted Finance Lease Payments to be Paid [Member]
Interest expense
Insurance contracts that are liabilities	1,156	815
1 to 3 Years
Principal repayments
Principal repayments of borrowings	1,138
Principal repayment of borrowings		467
Non-recourse borrowings of managed entities	45,186	29,399
Subsidiary equity obligations	1,563	1,147
Interest expense
Corporate borrowings	802	793
Non-recourse borrowings	10,130	8,788
Subsidiary equity obligations	300	213
1 to 3 Years \| Undiscounted Finance Lease Payments to be Paid [Member]
Interest expense
Insurance contracts that are liabilities	2,389	1,682
Later than four years and not later than five years [member]
Principal repayments
Principal repayments of borrowings	2,566
Principal repayment of borrowings		1,630
Non-recourse borrowings of managed entities	41,918	40,049
Subsidiary equity obligations	544	800
Interest expense
Corporate borrowings	659	659
Non-recourse borrowings	6,832	6,310
Subsidiary equity obligations	228	171
Commercial paper and credit facility draws outstanding	912
Later than four years and not later than five years [member] \| Undiscounted Finance Lease Payments to be Paid [Member]
Interest expense
Insurance contracts that are liabilities	1,615	1,123
Greater than 5 years
Principal repayments
Principal repayments of borrowings	7,171
Principal repayment of borrowings		6,980
Non-recourse borrowings of managed entities	46,270	48,768
Subsidiary equity obligations	1,655	953
Interest expense
Corporate borrowings	3,652	3,593
Non-recourse borrowings	11,958	8,313
Subsidiary equity obligations	33	44
Greater than 5 years \| Undiscounted Finance Lease Payments to be Paid [Member]
Interest expense
Insurance contracts that are liabilities	$ 13,550	$ 11,755

RELATED PARTY TRANSACTIONS RE_2

RELATED PARTY TRANSACTIONS RELATED PARTY TRANSACTIONS - Renumeration of Directors and Other Key Management (Details) - Key management personnel of entity or parent [member] - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Disclosure of transactions between related parties [line items]
Salaries, incentives and short-term benefits	$ 16	$ 14
Share-based payments	56	81
Total	$ 72	$ 95

RELATED PARTY TRANSACTIONS RE_3

RELATED PARTY TRANSACTIONS RELATED PARTY TRANSACTIONS - Related Party Balances included within Consolidated Financial Statements (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Disclosure of transactions between related parties [line items]
Short-term deposits, classified as cash equivalents	$ 1,900	$ 1,800
Reinsurance
Disclosure of transactions between related parties [line items]
Transfers under finance agreements from entity, related party transactions	2,000
Sales of property and other assets, related party transactions	900
Deposit Drawn	742
Other related parties [member]
Disclosure of transactions between related parties [line items]
Management fees received	$ 24	$ 31

OTHER INFORMATION - Narrative (

OTHER INFORMATION - Narrative (Details) $ in Millions	12 Months Ended
OTHER INFORMATION - Narrative (Details) $ in Millions	Dec. 31, 2021USD ($)$ / shares	Dec. 31, 2020USD ($)	Dec. 31, 2014USD ($)tranche	Dec. 31, 2019$ / shares
Disclosure of other information [Line Items]
Contractual capital commitments	$ 3,700	$ 4,100
Insurance for Damage and Business Interruption Costs	4,000
Subsidiary preferred equity units	1,585	1,679
Interest costs capitalised	$ 387	$ 310
Brookfield Property Partners L.P. [Member]
Disclosure of other information [Line Items]
Subsidiary preferred equity units			$ 1,800
Number of tranches \| tranche			3
Exchangeable price of BPY preferred units issued to QIA \| $ / shares	$ 25.70			$ 25.70
Brookfield Property Partners L.P. [Member] \| 2021
Disclosure of other information [Line Items]
Subsidiary preferred equity units	$ 600		$ 600

SIGNIFICANT ACCOUNTING POLICIES

SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
SIGNIFICANT ACCOUNTING POLICIES	Dec. 31, 2021
Disclosure of Significant Accounting Policies [Abstract]
SIGNIFICANT ACCOUNTING POLICIES	SIGNIFICANT ACCOUNTING POLICIES a) Statement of Compliance These consolidated financial statements have been prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”). These consolidated financial statements were authorized for issuance by the Board of Directors of the company on March 30, 2022. b) Adoption of Accounting Standards The company has applied new and revised standards issued by the IASB that are effective for the period beginning on or after January 1, 2021. The new standards were applied as follows: i. Interest Rate Benchmark Reform The company adopted Interest Rate Benchmark Reform – Amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4, and IFRS 16 (“Phase II Amendments”), effective January 1, 2021. The Phase II amendments provide additional guidance to address issues that will arise during the transition of benchmark interest rates. The Phase II Amendments primarily relate to the modification of financial assets, financial liabilities and lease liabilities where the basis for determining the contractual cash flows changes as a result of IBOR reform, allowing for prospective application of the applicable benchmark interest rate and to the application of hedge accounting, providing an exception such that changes in the formal designation and documentation of hedge accounting relationships that are needed to reflect the changes required by IBOR reform do not result in the discontinuation of hedge accounting or the designation of new hedging relationships. The adoption did not have a significant impact on our company’s financial reporting . c) Future Changes in Accounting Standards i. Insurance Contracts In May 2017, the IASB published IFRS 17, Insurance Contracts (“IFRS 17”), which establishes principles for the recognition, measurement, presentation and disclosure of insurance contracts. IFRS 17 will replace IFRS 4, Insurance Contracts , and will be applied retrospectively. In June 2020, the IASB proposed an amendment to IFRS 17 providing a one-year deferral on the effective date of the standard to January 1, 2023. IFRS 17 requires insurance contract liabilities to be measured at a current fulfillment value and provides a more uniform measurement and presentation approach for all insurance contracts. The company is currently assessing the impact of IFRS 17 on its operations. ii. Amendments to IAS 1 – Presentation of Financial Statements (“IAS 1”) The amendments clarify how to classify debt and other liabilities as current or non-current. The amendments to IAS 1 apply to annual reporting periods beginning on or after January 1, 2023. The company is currently assessing the impact of these amendments. iii. Amendments to IFRS 3 – Business Combinations (“IFRS 3”) - Reference to Conceptual Framework The amendments add an exception to the recognition principle of IFRS 3 to avoid the issue of potential ‘day 2’ gains or losses arising from liabilities and contingent liabilities that would be within the scope of IAS 37, Provisions, Contingent Liabilities and Contingent Assets (“IAS 37”), or IFRIC 21, Levies (“IFRIC 21”), if incurred separately. The exception requires entities to apply the criteria in IAS 37 or IFRIC 21, respectively, instead of the Conceptual Framework, to determine whether a present obligation exists at the acquisition date. At the same time, the amendments add a new paragraph to IFRS 3 to clarify that contingent assets do not qualify for recognition at the acquisition date. The amendments apply to annual reporting periods beginning on or after January 1, 2022. The company is currently assessing the impact of these amendments. d) Basis of Presentation The consolidated financial statements are prepared on a going concern basis. i. Subsidiaries The consolidated financial statements include the accounts of the company and its subsidiaries, which are the entities over which the company exercises control. Control exists when the company is able to exercise power over the investee, is exposed to variable returns from its involvement with the investee and has the ability to use its power over the investee to affect the amount of its returns. Subsidiaries are consolidated from the date control is obtained and continue to be consolidated until the date when control is lost. The company includes 100% of its subsidiaries’ revenues and expenses in the Consolidated Statements of Operations and 100% of its subsidiaries’ assets and liabilities on the Consolidated Balance Sheets, with non-controlling interests in the equity of the company’s subsidiaries included within the company’s equity. All intercompany balances, transactions, unrealized gains and losses are eliminated in full. The company continually reassesses whether or not it controls an investee, particularly if facts and circumstances indicate there is a change to one or more of the control criteria previously mentioned. In certain circumstances when the company has less than a majority of the voting rights of an investee, it has power over the investee when the voting rights are sufficient to give it the practical ability to direct the relevant activities of the investee unilaterally. The company considers all relevant facts and circumstances in assessing whether or not the company’s voting rights are sufficient to give it control of an investee. Certain of the company’s subsidiaries are subject to profit sharing arrangements, such as carried interest, between the company and the non-controlling equity holders, whereby the company is entitled to a participation in profits, as determined under the agreements. The attribution of net income amongst equity holders in these subsidiaries reflects the impact of these profit-sharing arrangements when the attribution of profits as determined in the agreement is no longer subject to adjustment based on future events and correspondingly reduces non-controlling interests ’ attributable share of those profits. Gains or losses resulting from changes in the company’s ownership interest of a subsidiary that do not result in a loss of control are accounted for as equity transactions and are recorded within ownership changes as a component of equity. When we dispose of all or part of a subsidiary resulting in a loss of control, the difference between the carrying value of what is sold and the proceeds from disposition is recognized within other income and gains in the Consolidated Statements of Operations. Refer to Note 2(r) for an explanation of the company’s accounting policy for business combinations and to Note 4 for additional information on subsidiaries of the company with significant non-controlling interests. ii. Associates and Joint Ventures Associates are entities over which the company exercises significant influence. Significant influence is the power to participate in the financial and operating policy decisions of the investee but without control or joint control over those policies. Joint ventures are joint arrangements whereby the parties that have joint control of the arrangement have the rights to the net assets of the joint arrangement. Joint control is the contractually agreed sharing of control over an arrangement, which exists only when decisions about the relevant activities require unanimous consent of the parties sharing control. The company accounts for associates and joint ventures using the equity method of accounting within equity accounted investments on the Consolidated Balance Sheets. Interests in associates and joint ventures accounted for using the equity method are initially recognized at cost. At the time of initial recognition, if the cost of the associate or joint venture is lower than the proportionate share of the investment’s underlying fair value, the company records a gain on the difference between the cost and the underlying fair value of the investment in net income. If the cost of the associate or joint venture is greater than the company’s proportionate share of the underlying fair value, goodwill relating to the associate or joint venture is included in the carrying amount of the investment. Subsequent to initial recognition, the carrying value of the company’s interest in an associate or joint venture is adjusted for the company’s share of comprehensive income and distributions of the investee. Profit and losses resulting from transactions with an associate or joint venture are recognized in the consolidated financial statements based on the interests of unrelated investors in the investee. The carrying value of associates or joint ventures is assessed for indicators of impairment at each balance sheet date. Impairment losses on equity accounted investments may be subsequently reversed in net income. Further information on the impairment of long-lived assets is available in Note 2(m). iii. Joint Operations A joint operation is a joint arrangement whereby the parties that have joint control of the arrangement have rights to the assets, and obligations for the liabilities, related to the arrangement. Joint control is the contractually agreed sharing of control of an arrangement that exists only when decisions about the relevant activities require unanimous consent of parties sharing control. The company recognizes only its assets, liabilities and share of the results of operations of the joint operation. The assets, liabilities and results of joint operations are included within the respective line items of the Consolidated Balance Sheets, Consolidated Statements of Operations and Consolidated Statements of Comprehensive Income. e) Foreign Currency Translation The U.S. dollar is the functional and presentation currency of the company. Each of the company’s subsidiaries, associates, joint ventures and joint operations determines its own functional currency and items included in the consolidated financial statements of each subsidiary, associate, joint venture and joint operation are measured using that functional currency. Assets and liabilities of foreign operations having a functional currency other than the U.S. dollar are translated at the rate of exchange prevailing at the reporting date and revenues and expenses at average rates during the period. Gains or losses on translation are accumulated as a component of equity. On the disposal of a foreign operation, or the loss of control, joint control or significant influence, the component of accumulated other comprehensive income relating to that foreign operation is reclassified to net income. Gains or losses on foreign currency-denominated balances and transactions that are designated as hedges of net investments in these operations are reported in the same manner. Foreign currency-denominated monetary assets and liabilities of the company are translated using the rate of exchange prevailing at the reporting date, and non-monetary assets and liabilities measured at fair value are translated at the rate of exchange prevailing at the date when the fair value was determined. Revenues and expenses are measured at average rates during the period. Gains or losses on translation of these items are included in net income. Gains or losses on transactions that hedge these items are also included in net income. Foreign currency denominated non-monetary assets and liabilities, measured at historic cost, are translated at the rate of exchange at the transaction date. f) Cash and Cash Equivalents Cash and cash equivalents include cash on hand, demand deposits and highly liquid short-term investments with original maturities of three months or less. g) Related Party Transactions In the normal course of operations, the company enters into various transactions on market terms with related parties. The majority of transactions with related parties are between consolidated entities and eliminate on consolidation. The company and its subsidiaries may also transact with entities over which the company has significant influence or joint control. Amounts owed to and by associates and joint ventures are not eliminated on consolidation. The company’s subsidiaries with significant non-controlling interests are described in Note 4 and its associates and joint ventures are described in Note 10. In addition to our subsidiaries and equity accounted investments, we consider key management personnel, the Board of Directors and material shareholders to be related parties. See additional details in Note 27. h) Operating Assets i. Investment Properties The company uses the fair value method to account for real estate classified as investment properties. A property is determined to be an investment property when it is principally held either to earn rental income or for capital appreciation, or both. Investment properties also include properties that are under development or redevelopment for future use as investment property. Investment properties are initially measured at cost including transaction costs , or at fair value if acquired in a business combination . Subsequent to initial recognition, investment properties are carried at fair value. Gains or losses arising from changes in fair value are included in net income during the period in which they arise. Fair values are completed by undertaking one of two accepted approaches: (i) discounting the expected future cash flows, generally over a term of 10 years including a terminal value based on the application of a capitalization rate to estimated year 11 net operating income, typically used for our office, retail and logistics assets; or (ii) undertaking a direct capitalization approach for certain of our LP investments and directly held multifamily assets whereby a capitalization rate is applied to estimated stabilized annual net operating income. The future cash flows of each property are based upon, among other things, rental income from current leases and assumptions about rental income from future leases reflecting current conditions, less future cash outflows relating to such current and future leases. Commercial developments are also measured using a discounted cash flow model, net of costs to complete, as of the balance sheet date. Development sites in the planning phases are carried at cost. ii. Property, Plant and Equipment The company uses the revaluation method of accounting for certain classes of property, plant and equipment (“PP&E”) as well as certain assets which are under development for future use as PP&E. PP&E measured using the revaluation method is initially measured at cost , or at fair value if acquired in a business combination, and subsequently carried at its revalued amount, being the fair value at the date of the revaluation less any subsequent accumulated depreciation and any accumulated impairment losses. Revaluations are performed on an annual basis at the end of each fiscal year, commencing in the first year subsequent to the date of acquisition, unless there is an indication that assets are impaired. Where the carrying amount of an asset increases as a result of a revaluation, the increase is recognized in other comprehensive income and accumulated in equity in revaluation surplus, unless the increase reverses a previously recognized revaluation loss recorded through net income, in which case that portion of the increase is recognized in net income. Where the carrying amount of an asset decreases, the decrease is recognized in other comprehensive income to the extent there is any balance existing in revaluation surplus in respect of the asset, with the remainder of the decrease recognized in net income. Depreciation of an asset commences when it is available for use. On loss of control or partial disposition of an asset measured using the revaluation method, all accumulated revaluation surplus or the portion disposed of, respectively, is transferred into retained earnings or ownership changes, respectively. PP&E held in our Private Equity segment, which include leasehold improvements, are measured at cost less accumulated depreciation and accumulated impairment losses, if any. Land is carried at cost whereas finite-life assets such as buildings and equipment are carried at cost less accumulated depreciation and accumulated impairment losses, if any. Depreciation is calculated on a systematic basis over the assets’ useful life. Depreciation methods and useful lives are reassessed at least annually regardless of the measurement method used. Renewable Power and Transition Renewable power and transition generally determines the fair value of its PP&E by using a 20-year discounted cash flow model for the majority of its assets. This model incorporates future cash flows from long-term power purchase agreements that are in place where it is determined that the power purchase agreements are linked specifically to the related power generating assets. The model also includes estimates of future electricity prices, anticipated long-term average generation, estimated operating and capital expenditures, and assumptions about future inflation rates and discount rates by geographical location. Depreciation on renewable power assets is calculated on a straight-line basis over the estimated service lives of the assets, which are as follows: (YEARS) Useful Lives Dams Up to 115 Penstocks Up to 60 Powerhouses Up to 115 Hydroelectric generating units Up to 115 Wind generating units Up to 30 Solar generating units Up to 35 Gas-fired cogenerating (“Cogeneration”) units Up to 40 Other assets Up to 60 Cost is allocated to the significant components of power generating assets, and each component is depreciated separately. The depreciation of PP&E in our Brazilian renewable power and transition operations is based on the duration of the authorization or the useful life of a concession. The weighted-average remaining duration at December 31, 2021, is 31 years (2020 – 32 years). Land rights are included as part of the concession or authorization and are subject to depreciation. Infrastructure Utilities, tran sport, midstream and data assets within our Infrastructure segment as well as assets under development classified as PP&E on the Consolidated Balance Sheets are accounted for using the revaluation method. The company determines the fair value of its utilities, transport, midstream and data assets using both the discounted cash flow and depreciated replacement cost methods, which include estimates of forecasted revenue, operating costs, maintenance and other capital expenditures. Valuations are performed internally on an annual basis. Discount rates are selected for each asset, giving consideration to the volatility and geography of its revenue streams. Depreciation on utilities, transport, midstream and data assets i s calculated on a straight-line or declining balance basis over the estimated service lives of the components of the assets, which are as follows: (YEARS) Useful Lives Buildings Up to 75 Transmission stations, towers and related fixtures Up to 40 Leasehold improvements Up to 50 Plant and equipment Up to 40 Network systems Up to 65 Track Up to 40 District energy systems Up to 50 Pipelines Up to 20 Gas storage assets Up to 50 The fair value and the estimated remaining service lives are reassessed annually. Public service concessions that provide the right to charge users for a service in which the service and fee is regulated by the grantor are accounted for as intangible assets. In our sustainable resources operations, land used in the production of standing timber, as well as bridges and buildings used in sustainable resources production, are accounted for using the revaluation method and included in PP&E. Bridges, buildings, vehicles and equipment are depreciated over their useful lives, generally 3 to 25 years. Real Estate – Hospitality Assets Hospitality operating assets within our Real Estate segment are classified as PP&E and are accounted for using the revaluation method. The company determines the fair value for these assets by using a depreciated replacement cost method based on the age, physical condition and the construction costs of the assets. Fair value of hospitality properties are also reviewed in reference to each hospitality asset’s enterprise value which is determined using a discounted cash flow model. Depreciation on hospitality assets is calculated on a straight-line basis over the estimated useful lives of each component of the asset as follows: (YEARS) Useful Lives Building and building improvements 2 to 50+ Land improvements 15 Furniture, fixtures and equipment 1 to 10 Private Equity The company accounts for its private equity PP&E using the cost model. Costs include expenditures that are directly attributable to the acquisition of the asset. Depreciation of an asset commences when it is available for use. PP&E is depreciated for each component of the following asset classes as follows: a) On a straight-line basis (YEARS) Useful Lives Buildings Up to 50 Leasehold improvements Up to 40 Machinery and equipment Up to 30 Vessels Up to 35 b) Not on a straight-line basis (YEARS) Useful Lives Oil and gas related equipment Units of production iii. Inventory Private Equity Fuel inventories within our Private Equity segment are traded in active markets and are purchased with the view to resell in the near future, generating a profit from fluctuations in prices or margins. As a result, fuel inventories are carried at market value by reference to prices in a quoted active market, in accordance with the commodity broker-trader exemption granted by IAS 2, Inventories. Changes in fair value less costs to sell are recognized in the Consolidated Statements of Operations through direct costs. Fuel products that are held for extended periods in order to benefit from future anticipated increases in fuel prices or located in territories where no active market exists are recognized at the lower of cost and net realizable value. Products and chemicals used in the production of biofuels are valued at the lower of cost and net realizable value. Real Estate Develop-for-sale multifamily projects, residential development lots, homes and residential condominium projects are recorded in inventory. Residential development lots are recorded at the lower of cost, which includes pre-development expenditures and capitalized borrowing costs and net realizable value, which the company determines as the estimated selling price of the inventory in the ordinary course of business in its completed state, less estimated expenses, including holding costs, costs to complete and costs to sell. Homes and other properties held for sale, which include properties subject to sale agreements, are recorded at the lower of cost and net realizable value in inventory. Costs are allocated to the salable acreage of each project or subdivision in proportion to the anticipated revenue. Residential Development Inventories consist of land held for development, land under development, homes under construction, completed homes and model homes. In addition to direct land acquisitions, land development and improvement costs and home construction costs, costs also include interest, real estate taxes and direct overhead related to development and construction, which are capitalized to inventory during the period beginning with the commencement of development and ending with the completion of construction or development. Indirect costs are allocated to homes or lots based on the number of units in a community. Land and housing assets are recorded at the lower of cost and net realizable value, which the company determines as the estimated selling price of the inventory in the ordinary course of business in its completed state, less estimated expenses, including holding costs, costs to complete and costs to sell. i) Fair Value Measurement Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date, regardless of whether that price is directly observable or estimated using another valuation technique. In estimating the fair value of an asset or a liability, the company takes into account the characteristics of the asset or liability if market participants would take those characteristics into account when pricing the asset or liability at the measurement date. Fair value measurement is disaggregated into three hierarchical levels: Level 1, 2 or 3. Fair value hierarchical levels are directly based on the degree to which the inputs to the fair value measurement are observable. The levels are as follows: Level 1: Inputs are unadjusted, quoted prices in active markets for identical assets or liabilities at the measurement date. Level 2: Inputs (other than quoted prices included in Level 1) are either directly or indirectly observable for the asset or liability through correlation with market data at the measurement date and for the duration of the asset or liability’s anticipated life. Level 3: Inputs are unob servable and reflect management’s best estimate of what market participants would use in pricing the asset or liability at the measurement date. Consideration is given to the risk inherent in the valuation technique and the risk inherent in the inputs in determining the estimate. Refer to the investment properties and revaluation of PP&E explanations for the approach taken to determine the fair value of these operating assets. Further information on fair value measurements is available in Notes 6, 7, 11 and 12. j) Accounts Receivable Trade receivables are recognized initially at fair value and subsequently measured at amortized cost using the effective interest method, less an allowance for expected credit losses for uncollectability. k) Intangible Assets Finite life intangible assets are carried at cost less any accumulated amortization and any accumulated impairment losses and are amortized on a straight-line basis over their estimated useful lives. Amortization is recorded within direct costs in the Consolidated Statements of Operations. Certain of the company’s intangible assets have an indefinite life as there is no foreseeable limit to the period over which the asset is expected to generate cash flows. Indefinite life intangible assets are recorded at cost unless an impairment is identified which requires a write-down to its recoverable amount. Indefinite life intangible assets are evaluated for impairment annually or more often if events or circumstances indicate there may be an impairment. Any impairment of the company’s indefinite life intangible assets is recorded in net income in the period in which the impairment is identified. Impairment losses on intangible assets may be subsequently reversed in net income. Infrastructure Intangible assets within our Infrastructure segment primarily consist of conservancy rights, service concession arrangements, customer order backlogs, track access rights, operating network agreements and customer contracts and relationships. Concession arrangements, accounted for as intangible assets under IFRIC 12, Service Concession Arrangements (“IFRIC 12”), were mostly acquired through acquisitions of gas transmission, electricity transmission and toll road businesses and are amortized on a straight-line basis over the term of the arrangement. The intangible assets at the Brazilian regulated gas transmission operation and Brazilian electricity transmission operation relate to concession contracts. For our Brazilian regulated gas transmission operation, the concession arrangement provides the operation with the right to operate the asset perpetually. As a result, the intangible asset is amortized over its estimated useful life. For our Brazilian electricity transmission operation, the intangible asset is amortized on a straight-line basis over the life of the contractual arrangement. The intangible assets at the Indian and Peruvian toll roads relate to the right to operate a road and charge users a specified tariff for a contractual length of time and is amortized over the life of the contractual arrangement with an average of 15 and 21 years remaining, respectively. Refer to Note 13 of the consolidated financial statements for additional information on these concession arrangements. The intangible assets at our residential infrastructure operation are comprised of contractual customer relationships, customer contracts, proprietary technology and brands. The contractual customer relationships and customer contracts represent ongoing economic benefits from leasing customers and annuity-based management agreements. Proprietary technology is recognized for the development of new metering technology, which allows the business to generate revenue through its sub-metering business. Brands represent the intrinsic value customers place on the operation’s various brand names. Private Equity Our Private Equity segment includes intangible assets across a number of operating companies. The majority are finite life intangible assets that are amortized on a straight-line basis over the following useful lives: (YEARS) Useful Lives Water and sewage concession agreements Up to 40 Brand names Up to 20 Computer software Up to 10 Customer relationships Up to 30 Value of insurance contracts acquired Up to 15 Patents and trademarks Up to 40 Proprietary technology Up to 20 Product development costs Up to 5 Distribution networks Up to 25 Loyalty program Up to 15 Real Estate Intangible assets in our Real Estate segment are primarily trademarks associated with hospitality assets. These trademarks have indefinite lives. l) Goodwill Goodwill represents the excess of the price paid for the acquisition of an entity over the fair value of the net identifiable tangible and intangible assets and liabilities acquired. Goodwill is allocated to the cash-generating unit to which it relates. The company identifies cash-generating units as identifiable groups of assets that are largely independent of the cash inflows from other assets or groups of assets. Goodwill is evaluated for impairment annually or more often if events or circumstances indicate there may be an impairment. Impairment is determined for goodwill by assessing if the carrying value of a cash-generating unit, including the allocated goodwill, exceeds its recoverable amount determined as the greater of the estimated fair value less costs to sell and the value in use. Impairment losses recognized in respect of a cash-generating unit are first allocated to the carrying value of goodwill and any excess is allocated to the carrying amount of assets in the cash-generating unit. Any goodwill impairment is recorded in income in the period in which the impairment is identified. Impairment losses on goodwill are not subsequently reversed. On disposal of a subsidiary, any attributable amount of goodwill is included in determination of the gain or loss on disposal. m) Impairment of Long-Lived Assets At each balance sheet date or more often if events or circumstances indicate there may be impairment, the company assesses whether its assets, other than those measured at fair value with changes in value recorded in net income, have any indication of impairment. An impairment is recognized if the recoverable amount, determined as the higher of the estimated fair value less costs of disposal and the discounted future cash flows generated from use and eventual disposal from an asset or cash-generating unit, is less than their carrying value. Impairment losses are recorded as fair value changes within the Consolidated Statements of Operations. The projections of future cash flows take into account the relevant operating plans and management’s best estimate of the most probable set of conditions anticipated to prevail. Where an impairment loss subsequently reverses, the carrying amount of the asset or cash-generating unit is increased to the lesser of the revised estimate of its recoverable amount and the carrying amount that would have been recorded had no impairment loss been recognized previously. n) Subsidiary Equity Obligations Subsidiary equity obligations include subsidiary preferred equity units, subsidiary preferred shares and capital securities as well as limited-life funds and redeemable fund units. Subsidiary preferred equity units and capital securities are preferred shares that may be settled by a variable number of common equity units upon their conversion by the holders or the company. These instruments, as well as the related accrued distributions, are classified as liabilities at amortized cost on the Consolidated Balance Sheets. Dividends or yield distributions on these instruments a

SEGMENTED INFORMATION

SEGMENTED INFORMATION	12 Months Ended
SEGMENTED INFORMATION	Dec. 31, 2021
Disclosure of operating segments [abstract]
Summary of financial information by segment	SEGMENTED INFORMATION a) Operating Segments Our operations are organized into five operating business groups in addition to our corporate and asset management activities, which collectively represent seven operating segments for internal and external reporting purposes. We measure performance using funds from operations (“FFO”) generated by each operating segment and the amount of capital invested by the Corporation in each segment using common equity by segment. Our operating segments are as follows: The Corporation: i. Asset Management business include managing our long-term private funds, perpetual strategies and liquid strategies on behalf of our investors and ourselves, as well as our share of the asset management activities of Oaktree Capital Management (“Oaktree”). We generate contractual base management fees for these activities as well as incentive distributions and performance income, including performance fees, transaction fees and carried interest. ii. Corporate Activities include the investment of cash and financial assets, as well as the management of our corporate leverage, including corporate borrowings and preferred equity, which fund a portion of the capital invested in our other operations. Certain corporate costs such as technology and operations are incurred on behalf of our operating segments and allocated to each operating segment based on an internal pricing framework. Managed investments: i. Renewable Power and Transition business includes the ownership, operation and development of hydroelectric, wind, solar and energy transition power generating assets. ii. Infrastructure business includes the ownership, operation and development of utilities, transport, midstream, data and sustainable resource assets. iii. Private Equity business includes a broad range of industries, and is mostly focused on business services, infrastructure services and industrials. iv. Real Estate business includes the ownership, operation and development of core investments, transitional and development investments, and our share of LP investments, which sit within our private funds. v. Residential Development business consists of homebuilding, condominium development and land development. b) Segment Financial Measures FFO is a key measure of our financial performance and our segment measure of profit and loss. It is utilized by our Chief Operating Decision Maker in assessing operating results and the performance of our businesses on a segmented basis. We define FFO as net income excluding fair value changes, depreciation and amortization and deferred income taxes, net of non-controlling interests. When determining FFO, we include our proportionate share of the FFO from equity accounted investments on a fully diluted basis. FFO also includes realized disposition gains and losses, which are gains or losses arising from transactions during the reporting period, adjusted to include associated fair value changes and revaluation surplus recorded in prior periods, taxes payable or receivable in connection with those transactions and amounts that are recorded directly in equity, such as ownership changes. We use FFO to assess our performance as an asset manager and as an investor in our assets. FFO from our Asset Management segment includes fees, net of the associated costs, that we earn from managing capital in our perpetual affiliates, private funds and liquid strategies accounts. We are also eligible to earn incentive payments in the form of incentive distributions, performance fees or carried interest. As an investor in our assets, our FFO represents the company’s share of revenues less costs incurred within our operations, which include interest expenses and other costs. Specifically, it includes the impact of contracts that we enter into to generate revenues, including power sales agreements, contracts that our operating businesses enter into such as leases and take or pay contracts and sales of inventory. FFO includes the impact of changes in leverage or the cost of that financial leverage and other costs incurred to operate our business. We use realized disposition gains and losses within FFO in order to provide additional insight regarding the performance of investments on a cumulative realized basis, including any unrealized fair value adjustments that were recorded in equity and not otherwise reflected in current period FFO, and believe it is useful to investors to better understand variances between reporting periods. We exclude depreciation and amortization from FFO as we believe that the value of most of our assets typically increases over time, provided we make the necessary maintenance expenditures, the timing and magnitude of which may differ from the amount of depreciation recorded in any given period. In addition, the depreciated cost base of our assets is reflected in the ultimate realized disposition gain or loss on disposal. As noted above, unrealized fair value changes are excluded from FFO until the period in which the asset is sold. We also exclude deferred income taxes from FFO because the vast majority of the company’s deferred income tax assets and liabilities are a result of the revaluation of our assets under IFRS. Our definition of FFO differs from the definition used by other organizations, as well as the definition of FFO used by the Real Property Association of Canada (“REALPAC”) and the National Association of Real Estate Investment Trusts, Inc. (“NAREIT”), in part because the NAREIT definition is based on U.S. GAAP, as opposed to IFRS. The key differences between our definition of FFO and the determination of FFO by REALPAC and/or NAREIT are that we include the following: realized disposition gains or losses and cash taxes payable or receivable on those gains or losses, if any; foreign exchange gains or losses on monetary items not forming part of our net investment in foreign operations; and foreign exchange gains or losses on the sale of an investment in a foreign operation. We do not use FFO as a measure of cash generated from our operations. We illustrate how we derive FFO for each operating segment and reconcile total FFO to net income in Note 3(c)(v) of the consolidated financial statements. Segment Balance Sheet Information We use common equity by segment as our measure of segment assets when reviewing our deconsolidated balance sheet because it is utilized by our Chief Operating Decision Maker for capital allocation decisions. Segment Allocation and Measurement Segment measures include amounts earned from consolidated entities that are eliminated on consolidation. The principal adjustment is to include asset management revenues charged to consolidated entities as revenues within the company’s Asset Management segment with the corresponding expenses recorded as corporate costs within the relevant segment. These amounts are based on the in-place terms of the asset management contracts between the consolidated entities. Inter-segment revenues are determined under terms that approximate market value. The company allocates the costs of shared functions that would otherwise be included within its Corporate Activities segment, such as information technology and internal audit, pursuant to formal policies. c) Reportable Segment Measures AS AT AND FOR THE YEAR ENDED DEC. 31, 2021 (MILLIONS) Asset Corporate Renewable Infrastructure Private Real Estate Residential Total Note External revenues $ 306 $ 169 $ 4,580 $ 11,941 $ 46,252 $ 9,923 $ 2,560 $ 75,731 Inter-segment and other revenues 1 4,930 (18) — 6 431 32 — 5,381 i Segmented revenues 5,236 151 4,580 11,947 46,683 9,955 2,560 81,112 FFO from equity accounted investments 1 558 63 187 1,697 448 742 111 3,806 ii Interest expense — (414) (892) (1,502) (1,503) (3,225) (68) (7,604) iii Current income taxes — (38) (43) (402) (537) (77) (17) (1,114) iv FFO 1 2,614 (370) 1,044 797 2,030 1,185 258 7,558 v Common equity 4,905 (8,942) 5,264 3,022 3,565 32,004 2,392 42,210 Equity accounted investments 4,496 2,056 1,801 9,569 2,945 24,829 404 46,100 Additions to non-current assets 2 — 1,332 5,001 18,248 14,161 21,918 171 60,831 1. We equity account for our investment in Oaktree and include our share of the FFO and FFO from equity accounted investments at 62%. However, for segment reporting, Oaktree’s revenue is shown on a 100% basis. For the year ended December 31, 2021, $2.3 billion of Oaktree’s revenues was included in our Asset Management segment revenue. 2. Includes additions to equity accounted investments, investment properties, property, plant and equipment, sustainable resources, intangible assets and goodwill. AS AT AND FOR THE YEAR ENDED DEC. 31, 2020 (MILLIONS) Asset Corporate Renewable Infrastructure Private Real Estate Residential Total Note External revenues $ 246 $ 872 $ 4,085 $ 9,294 $ 37,161 $ 8,851 $ 2,243 $ 62,752 Inter-segment and other revenues 1 3,278 (1) — 7 614 32 — 3,930 i Segmented revenues 3,524 871 4,085 9,301 37,775 8,883 2,243 66,682 FFO from equity accounted investments 1 277 (17) 116 1,329 600 765 21 3,091 ii Interest expense — (388) (885) (1,224) (1,573) (3,117) (29) (7,216) iii Current income taxes — (67) (66) (247) (286) (82) (8) (756) iv FFO 1 1,776 (86) 1,044 569 935 876 66 5,180 v Common equity 4,947 (6,986) 5,154 2,552 3,965 19,331 2,730 31,693 Equity accounted investments 4,530 830 1,444 10,530 2,623 21,024 346 41,327 Additions to non-current assets 2 64 234 1,677 11,200 3,535 10,117 45 26,872 1. We equity account for our investment in Oaktree and include our share of the FFO and FFO from equity accounted investments at 62%. However, for segment reporting, Oaktree’s revenue is shown on a 100% basis. For the year ended December 31, 2020, $1.2 billion of Oaktree’s revenues was included in our Asset Management segment revenue. 2. Includes additions to equity accounted investments, investment properties, property, plant and equipment, sustainable resources, intangible assets and goodwill. i. Inter-Segment Revenues For the year ended December 31, 2021, the adjustment to external revenues when determining segmented revenues consists of asset management revenues earned from consolidated entities and asset management revenues earned by Oaktree totaling $4.9 billion (2020 – $3.3 billion), revenues earned on construction projects between consolidated entities totaling $418 million (2020 – $610 million), and other revenues totaling a net income of $33 million (2020 – $42 million), which were eliminated on consolidation to arrive at the company’s consolidated revenues. ii. FFO from Equity Accounted Investments The company determines FFO from its equity accounted investments by applying the same methodology utilized in adjusting net income of consolidated entities. The following table reconciles the company’s consolidated equity accounted income to FFO from equity accounted investments: FOR THE YEARS ENDED DEC. 31 (MILLIONS) 2021 2020 Consolidated equity accounted income (loss) $ 2,451 $ (79) Non-FFO items from equity accounted investments 1 1,355 3,170 FFO from equity accounted investments $ 3,806 $ 3,091 1. Adjustment to back out non-FFO expenses (income) that are included in consolidated equity accounted income including depreciation and amortization, deferred taxes and fair value changes from equity accounted investments. iii. Interest Expense For the year ended December 31, 2021, the adjustment to interest expense consists of interest on loans between consolidated entities totaling $28 million (2020 – $8 million) that is eliminated on consolidation, along with the associated revenue. iv. Current Income Taxes Current income taxes are included in FFO but are aggregated with deferred income taxes in income tax expense on the company’s Consolidated Statements of Operations. The following table reconciles consolidated income taxes to current and deferred income taxes: FOR THE YEARS ENDED DEC. 31 (MILLIONS) 2021 2020 Current income tax expense $ (1,114) $ (756) Deferred income tax expense (1,210) (81) Income tax expense $ (2,324) $ (837) v. Reconciliation of Net Income to Total FFO The following table reconciles net income to total FFO: FOR THE YEARS ENDED DEC. 31 (MILLIONS) Note 2021 2020 Net income $ 12,388 $ 707 Financial statement components not included in FFO Equity accounted fair value changes and other non-FFO items 1,355 3,170 Fair value changes (5,151) 1,423 Depreciation and amortization 6,437 5,791 Deferred income taxes 1,210 81 Realized disposition gains in fair value changes or equity vi 2,861 1,554 Non-controlling interests in FFO (11,542) (7,546) Total FFO $ 7,558 $ 5,180 vi. Realized Disposition Gains Realized disposition gains include gains and losses recorded in net income arising from transactions during the current period, adjusted to include fair value changes and revaluation surplus recorded in prior periods in connection with the assets sold. Realized disposition gains also include amounts that are recorded directly in equity as changes in ownership, as opposed to net income, because they result from a change in ownership of a consolidated entity. The realized disposition gains recorded in fair value changes, revaluation surplus or directly in equity were $2.9 billion for the year ended December 31, 2021 (2020 – $1.6 billion), of which $2.0 billion relates to prior periods (2020 – $499 million), $751 million has been recorded directly in equity as changes in ownership (2020 – $1.1 billion) and a gain of $136 million has been recorded in fair value changes (2020 – loss of $29 million). d) Geographic Allocation The company’s revenues by location of operations are as follows: FOR THE YEARS ENDED DEC. 31 (MILLIONS) 2021 2020 U.S. $ 19,694 $ 18,048 Canada 7,548 5,906 U.K. 21,497 16,032 Brazil 3,730 3,323 Europe 8,491 6,191 Australia 5,892 5,528 India 2,520 1,284 Colombia 1,890 1,762 Other Asia 2,708 2,388 Other 1,761 2,290 $ 75,731 $ 62,752 The company’s consolidated assets by location are as follows: AS AT DEC. 31 (MILLIONS) 2021 2020 U.S. $ 172,952 $ 159,684 Canada 52,989 36,403 U.K. 36,740 31,598 Brazil 22,052 20,675 Europe 32,065 22,267 Australia 20,767 22,000 India 20,935 21,438 Colombia 11,065 10,919 Other Asia 12,866 9,343 Other 8,572 9,369 $ 391,003 $ 343,696

ACQUISITIONS OF CONSOLIDATED EN

ACQUISITIONS OF CONSOLIDATED ENTITIES	12 Months Ended
ACQUISITIONS OF CONSOLIDATED ENTITIES	Dec. 31, 2021
Disclosure of detailed information about business combination [abstract]
ACQUISITIONS OF CONSOLIDATED ENTITIES	ACQUISITIONS OF CONSOLIDATED ENTITIES a) Completed During 2021 The following table summarizes the balance sheet impact as a result of business combinations that occurred in the year ended December 31, 2021. The valuations of the assets acquired are still under evaluation and as such the business combinations have been accounted for on a provisional basis: (MILLIONS) Private Equity Infrastructure Real Estate Renewable Power and Transition and Other Total Cash and cash equivalents $ 288 $ 217 $ 78 $ 3 $ 586 Accounts receivable and other 826 455 104 100 1,485 Inventory 690 23 2 6 721 Equity accounted investments 20 — 7 45 72 Investment properties — — 988 — 988 Property, plant and equipment 2,518 10,179 2,172 2,366 17,235 Intangible assets 4,535 3,734 67 — 8,336 Goodwill 3,960 2,400 113 118 6,591 Deferred income tax assets 6 9 — — 15 Total assets 12,843 17,017 3,531 2,638 36,029 Less: Accounts payable and other (1,811) (3,271) (131) (188) (5,401) Non-recourse borrowings (132) (6,698) (1,452) (975) (9,257) Deferred income tax liabilities (1,215) (1,430) (113) — (2,758) Non-controlling interests 1 (22) (156) (3) (2) (183) (3,180) (11,555) (1,699) (1,165) (17,599) Net assets acquired $ 9,663 $ 5,462 $ 1,832 $ 1,473 $ 18,430 Consideration 2 $ 9,663 $ 5,462 $ 1,832 $ 1,473 $ 18,430 1. Includes non-controlling interests recognized on business combinations measured as the proportionate share of fair value of the identifiable assets and liabilities on the date of acquisition. 2. Total consideration, including amounts paid by non-controlling interests that participated in the acquisition as investors in Brookfield-sponsored private funds or as co-investors. Brookfield recorded $2.8 billion of revenue and $3 million of net income in 2021 from the acquired operations as a result of the acquisitions made during the year. If the acquisitions had occurred at the beginning of the year, they would have contributed $8.6 billion and $351 million to total revenues and net income, respectively. The following table summarizes the balance sheet impact as a result of significant business combinations that occurred in 2021. The valuations of the assets acquired are still under evaluation and as such the business combinations have been accounted for on a provisional basis. Private Equity Infrastructure Real Estate Renewable Power and Transition (MILLIONS) Modulaire DexKo Aldo IPL Life Sciences Assets U.S. Wind U.S. Distributed Generation Cash and cash equivalents $ 100 $ 106 $ 59 $ 121 $ 6 $ 1 $ 1 Accounts receivable and other 418 278 31 420 1 71 28 Inventory 104 436 48 20 — 6 — Equity accounted investments — 19 — — — — — Investment properties — — — — 988 — — Property, plant and equipment 1,963 462 5 9,865 — 1,643 723 Intangible assets 1,941 2,212 295 2,569 2 — — Goodwill 1,667 1,408 421 2,096 36 — 117 Deferred income tax assets — 6 — — — — — Total assets 6,193 4,927 859 15,091 1,033 1,721 869 Less: Accounts payable and other (817) (637) (136) (3,012) (7) (142) (45) Non-recourse borrowings (27) (2) — (6,185) — (835) (140) Deferred income tax liabilities (590) (504) (100) (1,229) (36) — — Non-controlling interests 1 — (10) — — — — — (1,434) (1,153) (236) (10,426) (43) (977) (185) Net assets acquired $ 4,759 $ 3,774 $ 623 $ 4,665 $ 990 $ 744 $ 684 Consideration 2 $ 4,759 $ 3,774 $ 623 $ 4,665 $ 990 $ 744 $ 684 1. Includes non-controlling interests recognized on business combinations measured as the proportionate share of fair value of the identifiable assets and liabilities on the date of acquisition. 2. Total consideration, including amounts paid by non-controlling interests that participated in the acquisition as investors in Brookfield-sponsored private funds or as co-investors. Private Equity On August 31, 2021, a subsidiary of the company, alongside institutional partners, acquired a 100% interest in Aldo Componentes Eletrônicos LTDA (“Aldo”), a leading distributor of solar power solutions for the distributed generation market in Brazil. The total consideration paid for the business was $623 million, comprising of $295 million of cash consideration and $328 million of contingent consideration payable to the former shareholder if certain performance targets are met. Goodwill of $421 million was recognized, which is not deductible for income tax purposes. Total revenues and net income that would have been recorded if the transaction had occurred at the beginning of the year are $553 million and $68 million, respectively. On October 4, 2021, a subsidiary of the company, alongside institutional partners, acquired a 100% interest in DexKo Global Inc. (“DexKo”), a leading global manufacturer of highly engineered components primarily for industrial trailers and other towable-equipment providers. The total consideration paid for the business was $3.8 billion, comprising of $1.1 billion of cash, $2.6 billion of debt raised for the acquisition and $30 million of contingent consideration. Goodwill of $1.4 billion was recognized, which is not deductible for income tax purposes. Total revenues and net loss that would have been recorded if the transaction had occurred at the beginning of the year are $2.5 billion and $139 million, respectively. On December 15, 2021, a subsidiary of the company, alongside institutional partners, acquired a 100% interest in Modulaire Investments 2 S.à.r.l. (“Modulaire”), a provider of modular building leasing services in Europe and Asia-Pacific. The total consideration paid for the business was $4.8 billion, comprising of $1.6 billion of cash and $3.2 billion of debt raised for the acquisition. Goodwill of $1.7 billion was recognized, which is not deductible for income tax purposes. Total revenues and net income that would have been recorded if the transaction had occurred at the beginning of the year are $1.7 billion and $135 million, respectively. Infrastructure During 2021, a subsidiary of the company, alongside institutional partners, acquired a 100% interest in Inter Pipeline Ltd. (“IPL”). The transaction was accounted for as a business combination as of the initial acquisition on August 20, 2021. The total consideration paid for the business was $4.7 billion, comprising of $1.9 billion of cash, $0.2 billion of BIPC exchangeable LP units, $1.1 billion of BIPC exchangeable shares, $0.9 billion of debt raised on closing, and an existing 10% interest valued at $0.6 billion on the initial acquisition date. Goodwill of $2.1 billion was recognized, which is not deductible for income tax purposes. Total revenues and net income that would have been recorded if the transaction had occurred at the beginning of the year are $2.5 billion and $274 million, respectively. Real Estate On June 16, 2021, a subsidiary of the company, alongside institutional partners, acquired a portfolio of life sciences assets in the U.K., through our BSREP III fund. The total consideration paid for the portfolio was $990 million, comprising of $352 million of cash with the remainder funded through non-recourse borrowings raised concurrently on closing. Total revenues and net income that would have been recorded if the transaction had occurred at the beginning of the year are $34 million and $86 million, respectively. Renewable Power and Transition On March 24, 2021, a subsidiary of the company, alongside institutional partners, completed the acquisition of 100% of a portfolio of three wind generation facilities and development projects located in the U.S. The total consideration paid for the portfolio was $744 million. Total revenues and net income that would have been recorded if the transaction had occurred at the beginning of the year are $183 million and $12 million, respectively. On March 31, 2021, a subsidiary of the company, alongside institutional partners, completed the acquisition of 100% of a distributed generation business in the U.S. The total consideration paid for the business was $684 million. Total revenues and net income that would have been recorded if the transaction had occurred at the beginning of the year are $79 million and $6 million, respectively. b) Completed During 2020 The following table summarizes the balance sheet impact as a result of business combinations that occurred in the year ended December 31, 2020 . No material changes were made to those allocations disclosed in the 2020 consolidated financial statements: (MILLIONS) Private Equity Infrastructure Real Estate, Renewable Power and Transition and Other Total Cash and cash equivalents $ 105 $ — $ 38 $ 143 Accounts receivable and other 1,441 408 76 1,925 Inventory 12 — 55 67 Property, plant and equipment 84 7,334 661 8,079 Intangible assets 27 532 66 625 Goodwill 63 27 55 145 Deferred income tax assets 31 — 15 46 Total assets 1,763 8,301 966 11,030 Less: Accounts payable and other (55) (2,518) (227) (2,800) Non-recourse borrowings (1,016) (2,356) (470) (3,842) Deferred income tax liabilities — (22) (12) (34) Non-controlling interests 1 (227) — (47) (274) (1,298) (4,896) (756) (6,950) Net assets acquired $ 465 $ 3,405 $ 210 $ 4,080 Consideration 2 $ 465 $ 3,405 $ 210 $ 4,080 1. Includes non-controlling interests recognized on business combinations measured as the proportionate share of fair value of the identifiable assets and liabilities on the date of acquisition. 2. Total consideration, including amounts paid by non-controlling interests that participated in the acquisition as investors in Brookfield-sponsored private funds or as co-investors. Brookfield recorded $621 million of revenue and $10 million of net income in 2020 from the acquired operations as a result of the acquisitions made in 2020. If the acquisitions had occurred at the beginning of 2020, they would have contributed $1.6 billion and $25 million to total revenue and net losses, respectively. The following table summarizes the balance sheet impact as a result of significant business combinations that occurred in 2020. No material changes were made to those allocations disclosed in the 2020 consolidated financial statements. Private Equity Infrastructure (MILLIONS) IndoStar Summit DigiTel Cash and cash equivalents $ 78 $ — Accounts receivable and other 1,391 408 Property, plant and equipment 9 7,334 Intangible assets 20 532 Goodwill 21 27 Deferred income tax assets 28 — Total assets 1,547 8,301 Less: Accounts payable and other (30) (2,518) Non-recourse borrowings (1,003) (2,356) Deferred income tax liabilities — (22) Non-controlling interests 1 (219) — (1,252) (4,896) Net assets acquired $ 295 $ 3,405 Consideration 2 $ 295 $ 3,405 1. Includes non-controlling interests recognized on business combinations measured as the proportionate share of fair value of the identifiable assets and liabilities on the date of acquisition. 2. Total consideration, including amounts paid by non-controlling interests that participated in the acquisition as investors in Brookfield-sponsored private funds or as co-investors. Private Equity During 2020, a subsidiary of the company, together with institutional partners, acquired a 57% ownership interest in IndoStar, an Indian financing company focused on commercial vehicle lending and affordable home finance. The transaction was accounted for as a business combination achieved in stages on May 27, July 8 and 9, 2020. The subsidiary’s previously held investment in IndoStar was remeasured to fair value prior to the acquisition of additional interests. The fair value approximated carrying value and no cumulative gain or loss arising from changes in the fair value of the investment was recognized. Total consideration of $295 million was comprised of an existing equity interest of $276 million and $19 million of cash on hand. Total revenues and net loss that would have been recorded during 2020 if the transaction had occurred at the beginning of 2020 are $175 million and $37 million, respectively. Infrastructure On August 31, 2020, a subsidiary of the company, alongside institutional partners, acquired a 100% interest in an Indian telecom tower operation for a total of approximately $3.4 billion. Consideration paid was funded fully by cash on hand. Goodwill in the amount of $27 million was recognized, which is not deductible for income tax purposes. Total revenues and net income that would have been recorded during 2020 if the transaction had occurred at the beginning of 2020 are $1.1 billion and $9 million, respectively.

FAIR VALUE OF FINANCIAL INSTRUM

FAIR VALUE OF FINANCIAL INSTRUMENTS	12 Months Ended
FAIR VALUE OF FINANCIAL INSTRUMENTS	Dec. 31, 2021
Disclosure of detailed information about financial instruments [abstract]
Disclosure of fair value measurement of equity [text block]	FAIR VALUE OF FINANCIAL INSTRUMENTS a) Financial Instruments Classification The following tables list the company’s financial instruments by their respective classification as at December 31, 2021 and 2020: AS AT DEC. 31, 2021 (MILLIONS) Fair Value Through Fair Value Through OCI Amortized Cost Total Financial assets 1 Cash and cash equivalents $ — $ — $ 12,694 $ 12,694 Other financial assets Government bonds — 2,020 — 2,020 Corporate bonds 514 2,004 3 2,521 Fixed income securities and other 1,484 1,637 120 3,241 Common shares and warrants 3,492 2,435 — 5,927 Loans and notes receivable 5 — 2,832 2,837 5,495 8,096 2,955 16,546 Accounts receivable and other 2 2,345 — 12,973 15,318 $ 7,840 $ 8,096 $ 28,622 $ 44,558 Financial liabilities Corporate borrowings $ — $ — $ 10,875 $ 10,875 Non-recourse borrowings of managed entities Property-specific borrowings — — 152,008 152,008 Subsidiary borrowings — — 13,049 13,049 — — 165,057 165,057 Accounts payable and other 2 5,490 — 38,014 43,504 Subsidiary equity obligations 1,538 — 2,770 4,308 $ 7,028 $ — $ 216,716 $ 223,744 1. Financial assets include $10.1 billion of assets pledged as collateral. 2. Includes derivative instruments which are elected for hedge accounting, totaling $1.1 billion included in accounts receivable and other and $1.5 billion included in accounts payable and other, for which changes in fair value are recorded in other comprehensive income. AS AT DEC. 31, 2020 (MILLIONS) Fair Value Through Fair Value Through OCI Amortized Cost Total Financial assets 1 Cash and cash equivalents $ — $ — $ 9,933 $ 9,933 Other financial assets Government bonds 356 2,295 — 2,651 Corporate bonds 1,094 2,148 357 3,599 Fixed income securities and other 1,079 1,191 — 2,270 Common shares and warrants 3,287 3,227 — 6,514 Loans and notes receivable 2 110 — 2,586 2,696 5,926 8,861 2,943 17,730 Accounts receivable and other 3 1,766 — 11,906 13,672 $ 7,692 $ 8,861 $ 24,782 $ 41,335 Financial liabilities Corporate borrowings $ — $ — $ 9,077 $ 9,077 Non-recourse borrowings of managed entities Property-specific borrowings — — 128,556 128,556 Subsidiary borrowings — — 10,768 10,768 — — 139,324 139,324 Accounts payable and other 3 5,889 — 35,228 41,117 Subsidiary equity obligations 1,457 — 2,242 3,699 $ 7,346 $ — $ 185,871 $ 193,217 1. Financial assets include $9.7 billion of assets pledged as collateral. 2. Includes a shareholder loan of $500 million receivable from our U.S. gas pipeline. 3. Includes derivative instruments which are elected for hedge accounting, totaling $888 million included in accounts receivable and other and $2.4 billion included in accounts payable and other, for which changes in fair value are recorded in other comprehensive income. Gains or losses arising from changes in fair value through profit or loss (“FVTPL”) financial assets are presented in the Consolidated Statements of Operations in the period in which they arise. Dividends from FVTPL and fair value through other comprehensive income (“FVTOCI”) financial assets are recognized in the Consolidated Statements of Operations when the company’s right to receive payment is established. Interest on FVTOCI financial assets is calculated using the effective interest method and reported in the Consolidated Statements of Operations. FVTOCI debt and equity securities are recorded on the balance sheet at fair value with changes in FVTOCI. As at December 31, 2021, the unrealized gains and losses relating to the fair value of FVTOCI securities amounted to $996 million (2020 – $916 million) and $213 million (2020 – $322 million), respectively. During the year ended December 31, 2021, net deferred income of $1 million (2020 – losses of $7 million) previously recognized in accumulated other comprehensive income were reclassified to net income as a result of the disposition or impairment of certain of our FVTOCI financial assets that are not equity instruments. Included in cash and cash equivalents is cash of $10.8 billion (2020 – $8.2 billion) and short-term deposits of $1.9 billion (2020 – $1.8 billion) as at December 31, 2021. b) Carrying and Fair Value The following table lists the company’s financial instruments by their respective classification as at December 31, 2021 and 2020: 2021 2020 AS AT DEC. 31 (MILLIONS) Carrying Fair Carrying Fair Financial assets Cash and cash equivalents $ 12,694 $ 12,694 $ 9,933 $ 9,933 Other financial assets Government bonds 2,020 2,020 2,651 2,651 Corporate bonds 2,521 2,521 3,599 3,599 Fixed income securities and other 3,241 3,241 2,270 2,270 Common shares and warrants 5,927 5,927 6,514 6,514 Loans and notes receivable 2,837 2,837 2,696 2,696 16,546 16,546 17,730 17,730 Accounts receivable and other 15,318 15,318 13,672 13,672 $ 44,558 $ 44,558 $ 41,335 $ 41,335 Financial liabilities Corporate borrowings $ 10,875 $ 11,993 $ 9,077 $ 10,540 Non-recourse borrowings of managed entities Property-specific borrowings 152,008 153,844 128,556 131,099 Subsidiary borrowings 13,049 13,415 10,768 11,085 165,057 167,259 139,324 142,184 Accounts payable and other 43,504 43,504 41,117 41,117 Subsidiary equity obligations 4,308 4,308 3,699 3,699 $ 223,744 $ 227,064 $ 193,217 $ 197,540 The current and non-current balances of other financial assets are as follows: AS AT DEC. 31 (MILLIONS) 2021 2020 Current $ 6,963 $ 5,483 Non-current 9,583 12,247 Total $ 16,546 $ 17,730 c) Fair Value Hierarchy Levels The following table categorizes financial assets and liabilities, which are carried at fair value, based upon the fair value hierarchy levels: 2021 2020 AS AT DEC. 31 (MILLIONS) Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Financial assets Other financial assets Government bonds $ 48 $ 1,972 $ — $ 7 $ 2,644 $ — Corporate bonds 85 2,050 383 192 2,764 286 Fixed income securities and other 762 1,908 451 867 912 491 Common shares and warrants 4,063 548 1,316 4,548 577 1,389 Loans and notes receivables — — 5 — 42 68 4,958 6,478 2,155 5,614 6,939 2,234 Accounts receivable and other 3 2,265 77 50 1,581 135 $ 4,961 $ 8,743 $ 2,232 $ 5,664 $ 8,520 $ 2,369 Financial liabilities Accounts payable and other $ 29 $ 4,150 $ 1,311 $ 75 $ 5,090 $ 724 Subsidiary equity obligations — 135 1,403 — 77 1,380 $ 29 $ 4,285 $ 2,714 $ 75 $ 5,167 $ 2,104 During the year ended December 31, 2021 and 2020, there were no transfers between Level 1, 2 or 3. Fair values of financial instruments are determined by reference to quoted bid or ask prices, as appropriate. If bid and ask prices are unavailable, the closing price of the most recent transaction of that instrument is used. In the absence of an active market, fair values are determined based on prevailing market rates for instruments with similar characteristics and risk profiles or internal or external valuation models, such as option pricing models and discounted cash flow analysis, using observable market inputs. The following table summarizes the valuation techniques and key inputs used in the fair value measurement of Level 2 financial instruments: (MILLIONS) Type of Asset/Liability Carrying Value Dec. 31, 2021 Valuation Techniques and Key Inputs Other financial assets $ 6,478 Valuation models based on observable market data Derivative assets/Derivative liabilities (accounts receivable/accounts payable) 2,265 / (4,150) Foreign currency forward contracts – discounted cash flow model – forward exchange rates (from observable forward exchange rates at the end of the reporting period) and discounted at credit adjusted rate Redeemable fund units (subsidiary equity obligations) (135) Aggregated market prices of underlying investments Fair values determined using valuation models requiring the use of unobservable inputs (Level 3 financial assets and liabilities) include assumptions concerning the amount and timing of estimated future cash flows and discount rates. In determining those unobservable inputs, the company uses observable external market inputs such as interest rate yield curves, currency rates and price and rate volatilities, as applicable, to develop assumptions regarding those unobservable inputs. The following table summarizes the valuation techniques and significant unobservable inputs used in the fair value measurement of Level 3 financial instruments: (MILLIONS) Type of Asset/Liability Carrying Value Dec. 31, 2021 Valuation Significant Relationship of Unobservable Corporate bonds $ 383 Discounted cash flows • Future cash flows • Increases (decreases) in future cash flows increase (decrease) fair value • Discount rate • Increases (decreases) in discount rate decrease (increase) fair value Fixed income securities and other 451 Discounted cash flows • Future cash flows • Increases (decreases) in future cash flows increase (decrease) fair value • Discount rate • Increases (decreases) in discount rate decrease (increase) fair value Common shares and warrants 1,316 Discounted cash flows • Future cash flows • Increases (decreases) in future cash flows increase (decrease) fair value • Discount rate • Increases (decreases) in discount rate decrease (increase) fair value Black-Scholes model • Volatility • Increases (decreases) in volatility increase (decreases) fair value • Term to maturity • Increases (decreases) in term to maturity increase (decrease) fair value Derivative assets/Derivative liabilities (accounts receivable/payable) 77 / (1,311) Discounted cash flows • Future cash flows • Increases (decreases) in future cash flows increase (decrease) fair value • Discount rate • Increases (decreases) in discount rate decrease (increase) fair value Limited-life funds (subsidiary equity obligations) (1,403) Discounted cash flows • Future cash flows • Increases (decreases) in future cash flows increase (decrease) fair value • Discount rate • Increases (decreases) in discount rate decrease (increase) fair value • Terminal capitalization rate • Increases (decreases) in terminal capitalization rate decrease (increase) fair value • Investment horizon • Increases (decreases) in the investment horizon decrease (increase) fair value The following table presents the changes in the balance of financial assets and liabilities classified as Level 3 for the years ended December 31, 2021 and 2020 : 2021 2020 AS AT AND FOR THE YEARS ENDED DEC. 31 (MILLIONS) Financial Financial Financial Financial Balance, beginning of year $ 2,369 $ 2,104 $ 1,780 $ 2,542 Fair value changes in net income 160 96 (92) (111) Fair value changes in other comprehensive income 1 (8) 94 15 4 Disposals, net of additions (289) 420 666 (331) Balance, end of year $ 2,232 $ 2,714 $ 2,369 $ 2,104 1. Includes foreign currency translation. The following table categorizes liabilities measured at amortized cost, but for which fair values are disclosed based upon the fair value hierarchy levels: 2021 2020 AS AT DEC. 31 (MILLIONS) Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Corporate borrowings $ 11,906 $ 87 $ — $ 10,443 $ 97 $ — Property-specific borrowings 12,163 65,234 76,447 3,406 57,927 69,766 Subsidiary borrowings 6,831 — 6,584 7,825 3 3,257 Subsidiary equity obligations — 544 2,226 — 73 2,169 Fair values of Level 2 and Level 3 liabilities measured at amortized cost but for which fair values are disclosed are determined using valuation techniques such as adjusted public pricing and discounted cash flows. d) Hedging Activities The company uses derivatives and non-derivative financial instruments to manage or maintain exposures to interest, currency, credit and other market risks. Derivative financial instruments are recorded at fair value. For certain derivatives which are used to manage exposures, the company determines whether hedge accounting can be applied. Hedge accounting is applied when the derivative is designated as a hedge of a specific exposure and there is assurance that it will continue to be highly effective as a hedge based on an expectation of offsetting cash flows or fair value. Hedge accounting is discontinued prospectively when the derivative no longer qualifies as a hedge or the hedging relationship is terminated. Once discontinued, the cumulative change in fair value of a derivative that was previously recorded in other comprehensive income by the application of hedge accounting is recognized in profit or loss over the remaining term of the original hedging relationship as amounts related to the hedged item are recognized in profit or loss. The assets or liabilities relating to unrealized mark-to-market gains and losses on derivative financial instruments are recorded in financial assets and liabilities, respectively. i. Cash Flow Hedges The company uses the following cash flow hedges: energy derivative contracts to hedge the sale of power; interest rate swaps to hedge the variability in cash flows or future cash flows related to a variable rate asset or liability; and equity derivatives to hedge long-term compensation arrangements. For the year ended December 31, 2021, pre-tax net unrealized gains of $582 million (2020 – net unrealized losses of $479 million) were recorded in other comprehensive income for the effective portion of the cash flow hedges. As at December 31, 2021, there was an unrealized derivative liability balance of $232 million relating to derivative contracts designated as cash flow hedges (2020 – liability of $689 million). ii. Net Investment Hedges The company uses foreign exchange contracts and foreign currency denominated debt instruments to manage its foreign currency exposures arising from net investments in foreign operations. For the year ended December 31, 2021, unrealized pre-tax net gains of $407 million (2020 – losses of $182 million) were recorded in other comprehensive income for the effective portion of hedges of net investments in foreign operations. As at December 31, 2021, there was an unrealized derivative liability balance of $163 million relating to derivative contracts designated as net investment hedges (2020 – liability of $868 million). e) Netting of Financial Instruments Financial assets and liabilities are offset with the net amount reported in the Consolidated Balance Sheets, where the company currently has a legally enforceable right to offset and there is an intention to settle on a net basis or realize the asset and settle the liability simultaneously. The company enters into derivative transactions under International Swaps and Derivatives Association (“ISDA”) master netting agreements. In general, under such agreements the amounts owed by each counterparty on a single day are aggregated into a single net amount that is payable by one party to the other. The agreements provide the company with the legal and enforceable right to offset these amounts and accordingly the following balances are presented net in the consolidated financial statements: Accounts Receivable and Other Accounts Payable and Other AS AT DEC. 31 (MILLIONS) 2021 2020 2021 2020 Gross amounts of financial instruments before netting $ 4,814 $ 2,195 $ 5,037 $ 4,379 Gross amounts of financial instruments set-off in the Consolidated Balance Sheets (2,469) (429) (2,452) (351) Net amount of financial instruments in the Consolidated Balance Sheets $ 2,345 $ 1,766 $ 2,585 $ 4,028

HELD FOR SALE

HELD FOR SALE	12 Months Ended
HELD FOR SALE	Dec. 31, 2021
Non-current assets or disposal groups classified as held for sale or as held for distribution to owners [abstract]
HELD FOR SALE	HELD FOR SALE The following is a summary of the assets and liabilities classified as held for sale as at December 31, 2021 and 2020: AS AT DEC. 31 (MILLIONS) Real Estate Infrastructure Renewable Power and Transition 2021 Total 2020 Total Assets Cash and cash equivalents $ 204 $ — $ 9 $ 213 $ 6 Accounts receivable and other 295 — 3 298 67 Equity accounted investments 130 146 — 276 1,533 Investment properties 9,053 — — 9,053 4,224 Property, plant and equipment 1,820 — 54 1,874 82 Goodwill 220 — — 220 — Other long-term assets — — — — 5 Deferred income tax assets 24 — — 24 — Assets classified as held for sale $ 11,746 $ 146 $ 66 $ 11,958 $ 5,917 Liabilities Accounts payable and other $ 136 $ — $ 3 $ 139 $ 118 Non-recourse borrowings of managed 3,006 — 3 3,009 2,234 Deferred income tax liabilities — — — — 7 Liabilities associated with assets classified as held for sale $ 3,142 $ — $ 6 $ 3,148 $ 2,359 As at December 31, 2021, assets held for sale within our Real Estate segment include a triple net lease portfolio, a hospitality portfolio, ten malls, an office asset, a multifamily asset and a hotel in the U.S., as well as a mixed-use asset in South Korea and an office asset in Brazil.

EQUITY ACCOUNTED INVESTMENTS

EQUITY ACCOUNTED INVESTMENTS	12 Months Ended
EQUITY ACCOUNTED INVESTMENTS	Dec. 31, 2021
Investments in subsidiaries, joint ventures and associates reported in separate financial statements [abstract]
EQUITY ACCOUNTED INVESTMENTS	EQUITY ACCOUNTED INVESTMENTS The following table presents the ownership interests and carrying values of the company’s investments in associates and joint ventures, all of which are accounted for using the equity method: Ownership Interest 1 Carrying Value AS AT DEC. 31 (MILLIONS) 2021 2020 2021 2020 Oaktree 62 % 62 % $ 5,596 $ 5,317 Real estate Associates LP investments and other 13 – 31% 16 – 50% 251 136 Joint ventures Core 15 – 56% 15 – 56% 9,819 8,866 Transitional and Development 22 – 68% 22 – 68% 9,946 9,684 LP investments and other 8 – 91% 9 – 84% 4,813 2,338 24,829 21,024 Infrastructure Associates Utilities 11 – 50% 11 – 50% 946 1,010 Transport 21 – 58% 21 – 58% 4,724 5,114 Data 45 – 50% 45 – 50% 3,076 3,209 Other 22 – 50% 22 – 50% 106 130 Joint ventures Midstream 50 % 50 % 653 841 Other 50 % 50 % 64 226 9,569 10,530 Private equity Associates Industrial operations 24 – 54% 24 – 54% 787 834 Other 14 – 70% 14 – 70% 2,158 1,789 2,945 2,623 Renewable power and transition and other Renewable power and transition associates 3 – 65% 12 – 60% 1,801 1,444 Other equity accounted investments 2 22 – 70% 14 – 77% 1,360 389 3,161 1,833 Total $ 46,100 $ 41,327 1. Joint ventures or associates in which the ownership interest is greater than 50% represent investments for which control is either shared or does not exist resulting in the investment being equity accounted. 2. Carrying value of joint ventures in other equity accounted investments is $404 million (2020 – $346 million). The following table presents the change in the balance of investments in associates and joint ventures: AS AT AND FOR THE YEARS ENDED DEC. 31 (MILLIONS) Oaktree Real Estate Infrastructure Private Equity Renewable Power and Other 2021 Total 2020 Total Balance, beginning of year $ 5,317 $ 21,024 $ 10,530 $ 2,623 $ 1,833 $ 41,327 $ 40,698 Additions, net of disposals 1 195 2,660 (594) 517 1,235 4,013 2,568 Acquisitions through business combinations — 7 — 20 45 72 — Share of comprehensive income (loss) 665 1,737 685 (12) 312 3,387 (125) Distributions received (581) (194) (598) (169) (216) (1,758) (1,268) Return of capital — (271) — (2) — (273) (115) Foreign currency translation and other — (134) (454) (32) (48) (668) (431) Balance, end of year $ 5,596 $ 24,829 $ 9,569 $ 2,945 $ 3,161 $ 46,100 $ 41,327 1. Includes assets sold and amounts reclassified to held for sale. Additions, net of disposals, of $4.0 billion during the year primarily relate to the equity accounted investment in our German office portfolio in our Real Estate segment and the equity accounted investment in Brookfield Asset Management Reinsurance Partners Ltd. (“BAMR”) as part of the spin-out. These items were partially offset by the sale of an equity accounted investment at our advanced energy storage operations within our Private Equity segment and the partial sale of a stake in our U.S. gas pipeline within our Infrastructure segment. The deconsolidation and recognition of our graphite electrode operations as an equity accounted investment within our Private Equity segment also contributed to additions for our equity accounted investments balance. The following table presents current and non-current assets, as well as current and non-current liabilities of the company’s investments in associates and joint ventures: 2021 2020 AS AT DEC. 31 (MILLIONS) Current Assets Non-Current Assets Current Liabilities Non-Current Liabilities Current Assets Non-Current Assets Current Liabilities Non-Current Liabilities Oaktree $ 2,136 $ 20,351 $ 1,936 $ 9,229 $ 2,253 $ 17,056 $ 2,146 $ 7,487 Real estate Associates LP investments and other 17 1,070 19 757 21 1,207 42 958 Joint ventures Core 1,985 39,322 2,272 17,787 2,496 36,668 3,485 17,107 Transitional and Development 1,170 33,679 749 13,734 1,230 33,082 673 13,721 LP investments and other 1,854 19,622 1,214 9,164 1,279 12,288 903 7,290 Infrastructure Associates Utilities 359 5,723 444 3,738 646 6,142 487 4,238 Transport 1,325 24,322 2,160 12,981 1,223 25,078 1,929 9,538 Data 1,054 13,394 1,727 6,284 841 13,308 1,263 6,081 Other 30 321 20 84 34 356 32 143 Joint ventures Midstream 197 6,097 215 4,003 161 6,157 230 3,945 Other 32 115 12 63 43 685 30 299 Private equity Associates Industrial operations 1,421 1,169 640 330 1,096 736 505 222 Other 1,946 9,162 1,206 7,217 2,077 9,303 1,357 6,697 Renewable power and transition and other Renewable power and transition associates 2,763 12,675 2,546 6,811 1,355 7,492 635 3,307 Other equity accounted investments 2,631 10,840 1,773 8,825 210 790 67 178 $ 18,920 $ 197,862 $ 16,933 $ 101,007 $ 14,965 $ 170,348 $ 13,784 $ 81,211 Certain of the company’s investments in associates are subject to restrictions on the extent to which they can remit funds to the company in the form of cash dividends or repay loans and advances as a result of borrowing arrangements, regulatory restrictions and other contractual requirements. The following table presents total revenues, net income and other comprehensive income (“OCI”) of the company’s investments in associates and joint ventures: 2021 2020 FOR THE YEARS ENDED DEC. 31 (MILLIONS) Revenue Net Income OCI Revenue Net Income OCI Oaktree $ 2,308 $ 1,355 $ 7 $ 1,104 $ 158 $ (2) Real estate Associates LP investments and other 84 (133) 949 99 (145) (941) Joint ventures Core 1,917 1,404 100 1,866 311 (113) Transitional and Development 1,844 919 — 1,944 (1,471) — LP investments and other 1,114 457 321 945 (376) 5 Infrastructure Associates Utilities 1,336 521 28 1,715 364 (205) Transport 11,685 1,570 (433) 4,054 169 (1,451) Data 2,460 70 73 2,245 293 374 Other 50 (66) 56 41 (23) (245) Joint ventures Midstream 783 137 — 736 244 — Other 123 4 (2) 107 2 33 Private equity Associates West Fraser — — — 2,407 386 12 Industrial operations 3,082 424 (4) 2,713 132 — Other 5,215 (233) (113) 4,332 (130) 48 Renewable power and transition and other Renewable power and transition associates 2,891 (208) (15) 737 219 174 Other equity accounted investments 8,102 250 (15) 192 56 (2) $ 42,994 $ 6,471 $ 952 $ 25,237 $ 189 $ (2,313)

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT	12 Months Ended
PROPERTY, PLANT AND EQUIPMENT	Dec. 31, 2021
Property, plant and equipment [abstract]
PROPERTY, PLANT AND EQUIPMENT	PROPERTY, PLANT AND EQUIPMENT The company’s property, plant and equipment relates to the operating segments as shown below: Renewable Infrastructure (b) Real Estate (c) Private Equity and Other (d) Total AS AT DEC. 31 (MILLIONS) 2021 2020 2021 2020 2021 2020 2021 2020 2021 2020 Costs $ 30,588 $ 28,838 $ 39,769 $ 31,212 $ 11,396 $ 9,251 $ 21,255 $ 18,770 $ 103,008 $ 88,071 Accumulated fair value changes 28,138 24,238 3,077 4,626 881 393 (1,022) (873) 31,074 28,384 Accumulated depreciation (8,409) (7,870) (4,191) (3,671) (1,413) (1,212) (4,580) (3,693) (18,593) (16,446) Total 1 $ 50,317 $ 45,206 $ 38,655 $ 32,167 $ 10,864 $ 8,432 $ 15,653 $ 14,204 $ 115,489 $ 100,009 1. As at December 31, 2021, the total includes $5.8 billion (2020 – $3.9 billion) of property, plant and equipment leased to third parties as operating leases. Our ROU PP&E assets include $415 million (2020 – $393 million) in our Renewable Power and Transition segment, $4.0 billion (2020 – $4.1 billion) in our Infrastructure segment, $905 million (2020 – $856 million) in our Real Estate segment, and $1.7 billion (2020 – $1.3 billion) in our Private Equity and other segments, totaling $7.0 billion (2020 – $6.7 billion) of ROU assets. For the year ended December 31, 2021, we recorded an impairment expense of $240 million ( 2020 – $284 million) primarily in our Private Equity segment. Renewable Power and Transition, Infrastructure and Real Estate segments carry property, plant and equipment assets at fair value, classified as Level 3 in the fair value hierarchy due to the use of significant unobservable inputs when determining fair value. Private Equity and other segments carry property, plant and equipment assets at amortized cost. The carrying amount that would have been recognized had our assets been accounted for under the cost model is $72.0 billion ( 2020 – $59.0 billion). As at December 31, 2021, $66.2 billion (2020 – $80.2 billion) of property, plant and equipment, at cost, were pledged as collateral for the property debt at their respective properties. a) Renewable Power and Transition Our renewable power and transition property, plant and equipment consists of the following: Hydroelectric Wind Solar and Other Total AS AT AND FOR THE YEARS ENDED DEC. 31 (MILLIONS) 2021 2020 2021 2020 2021 2020 2021 2020 Cost, beginning of year $ 13,899 $ 14,074 $ 8,398 $ 8,459 $ 6,541 $ 5,287 $ 28,838 $ 27,820 Additions, net of disposals and assets reclassified as held for sale 734 425 (907) (9) 648 284 475 700 Acquisitions through business combinations — — 1,643 — 723 661 2,366 661 Foreign currency translation (762) (600) (101) (52) (228) 309 (1,091) (343) Cost, end of year 13,871 13,899 9,033 8,398 7,684 6,541 30,588 28,838 Accumulated fair value changes, beginning of year 19,865 16,927 2,908 2,588 1,465 950 24,238 20,465 Fair value changes 4,581 3,221 (44) 402 282 530 4,819 4,153 Dispositions and assets reclassified as held for sale — — (354) — — — (354) — Foreign currency translation (473) (283) (49) (82) (43) (15) (565) (380) Accumulated fair value changes, end of year 23,973 19,865 2,461 2,908 1,704 1,465 28,138 24,238 Accumulated depreciation, beginning of year (4,731) (4,412) (2,293) (1,781) (846) (497) (7,870) (6,690) Depreciation expenses (556) (517) (599) (546) (355) (302) (1,510) (1,365) Dispositions and assets reclassified as held for sale 22 17 792 25 1 9 815 51 Foreign currency translation 114 181 14 9 28 (56) 156 134 Accumulated depreciation, end of year (5,151) (4,731) (2,086) (2,293) (1,172) (846) (8,409) (7,870) Balance, end of year $ 32,693 $ 29,033 $ 9,408 $ 9,013 $ 8,216 $ 7,160 $ 50,317 $ 45,206 The following table presents our renewable power and transition property, plant and equipment measured at fair value by geography: AS AT DEC. 31 (MILLIONS) 2021 2020 North America $ 32,629 $ 28,044 Colombia 8,497 8,150 Europe 3,935 4,912 Brazil 3,547 3,005 Other 1 1,709 1,095 $ 50,317 $ 45,206 1. Other refers primarily to China, India and Chile. Renewable power and transition assets are accounted for under the revaluation model and the most recent date of revaluation was December 31, 2021. Valuations utilize significant unobservable inputs (Level 3) when determining the fair value of renewable power and transition assets. The significant Level 3 inputs include: Valuation Technique Significant Unobservable Inputs Relationship of Unobservable Inputs to Fair Value Mitigating Factors Discounted cash flow analysis • Future cash flows – primarily impacted by future electricity price assumptions • Increases (decreases) in future cash flows increase (decrease) fair value • Increases (decreases) in cash flows tend to be accompanied by increases (decreases) in discount rates that may offset changes in fair value from cash flows • Discount rate • Increases (decreases) in discount rate decrease (increase) fair value • Increases (decreases) in discount rates tend to be accompanied by increases (decreases) in cash flows that may offset changes in fair value from discount rates • Terminal capitalization rate • Increases (decreases) in terminal capitalization rate decrease (increase) fair value • Increases (decreases) in terminal capitalization rates tend to be accompanied by increases (decreases) in cash flows that may offset changes in fair value from terminal capitalization rates • Exit date • Increases (decreases) in the exit date decrease (increase) fair value • Increases (decreases) in the exit date tend to be the result of changing cash flow profiles that may result in higher (lower) growth in cash flows prior to stabilizing in the terminal year Key valuation metrics of the company’s hydroelectric, wind and solar generating facilities at the end of 2021 and 2020 are summarized below. North America Brazil Colombia Europe AS AT DEC. 31 2021 2020 2021 2020 2021 2020 2021 2020 Discount rate Contracted 4.1 – 4.3% 4.1 – 4.5% 7.2 % 7.3 % 7.9 % 8.1 % 3.9 % 3.0 – 3.6% Uncontracted 5.4 – 5.6% 5.6 – 6.0% 8.5 % 8.6 % 9.2 % 9.4 % 3.9 % 3.6 – 4.7% Terminal capitalization rate 1 4.8 – 5.1% 5.8 – 6.2% n/a n/a 8.0 % 8.9 % n/a n/a Exit date 2042 2041 2048 2048 2041 2040 2036 2035 1. Terminal capitalization rate applies only to hydroelectric assets in North America and Colombia. Terminal values are included in the valuation of hydroelectric assets in the U.S., Canada and Colombia. For the hydroelectric assets in Brazil, cash flows have been included based on the duration of the authorization or useful life of a concession asset without consideration of potential renewal value. The weighted-average remaining duration as at December 31, 2021, which includes a one-time 30-year renewal for applicable hydroelectric assets completed in the current year, is 31 years (2020 – 32 years). Consequently, there is no terminal value attributed to the hydroelectric assets in Brazil. Key assumptions on contracted generation and future power pricing are summarized below: AS AT DEC. 31, 2021 Total Generation Contracted under Power Purchase Agreements Power Prices from Long-Term Power Purchase Agreements (weighted average) Estimates of Future Electricity Prices (weighted average) 1 – 10 years 11 – 20 years 1 – 10 years 11 – 20 years 1 – 10 years 11 – 20 years North America (prices in US$/MWh) 48 % 17 % 82 71 77 114 Brazil (prices in R$/MWh) 83 % 61 % 306 358 282 345 Colombia (prices in COP$/MWh) 30 % 1 % 251,000 313,000 290,000 439,000 Europe (prices in €/MWh) 94 % 66 % 44 39 34 39 T he company’s estimate of future renewable power pricing is based on management’s estimate of the cost of securing new energy from renewable sources to meet future demand between 2025 and 2035 (2020 – between 2023 and 2035), which will maintain system reliability and provide adequate levels of reserve generation. b) Infrastructure Our infrastructure property, plant and equipment consists of the following: Utilities Transport Midstream Data Sustainable Resources and Other Total AS AT AND FOR THE YEARS ENDED DEC. 31 (MILLIONS) 2021 2020 2021 2020 2021 2020 2021 2020 2021 2020 2021 2020 Cost, beginning of year $ 9,306 $ 8,654 $ 8,698 $ 8,309 $ 4,321 $ 3,971 $ 8,593 $ 1,131 $ 294 $ 389 $ 31,212 $ 22,454 Additions, net of disposals and assets reclassified as held for sale (1,788) 550 312 146 511 277 (103) 51 (294) (16) (1,362) 1,008 Acquisitions through business combinations 180 — 134 — 9,865 — — 7,334 — — 10,179 7,334 Foreign currency translation (116) 102 (145) 243 165 73 (166) 77 2 (79) (260) 416 Cost, end of year 7,582 9,306 8,999 8,698 14,862 4,321 8,324 8,593 2 294 39,769 31,212 Accumulated fair value changes, beginning of year 2,917 2,187 1,047 857 338 317 — — 324 416 4,626 3,777 Disposition and assets reclassified as held for sale (1,399) — — — — — — — (244) — (1,643) — Fair value changes 134 652 48 113 70 21 — — (80) 6 172 792 Foreign currency translation (26) 78 (50) 77 — — — — (2) (98) (78) 57 Accumulated fair value changes, end of year 1,626 2,917 1,045 1,047 408 338 — — (2) 324 3,077 4,626 Accumulated depreciation, beginning of year (1,613) (1,172) (1,404) (950) (356) (208) (263) (88) (35) (41) (3,671) (2,459) Depreciation expenses (352) (419) (481) (498) (270) (141) (419) (189) (4) (10) (1,526) (1,257) Dispositions and assets reclassified as held for sale 682 12 161 134 20 — 45 17 38 7 946 170 Foreign currency translation 11 (34) 56 (90) (16) (7) 8 (3) 1 9 60 (125) Accumulated depreciation, end of year (1,272) (1,613) (1,668) (1,404) (622) (356) (629) (263) — (35) (4,191) (3,671) Balance, end of year $ 7,936 $ 10,610 $ 8,376 $ 8,341 $ 14,648 $ 4,303 $ 7,695 $ 8,330 $ — $ 583 $ 38,655 $ 32,167 Infrastructure’s PP&E assets are accounted for under the revaluation model, and the most recent date of revaluation was December 31, 2021. The utilities assets consist of regulated transmission and regulated distribution networks, which are operated primarily under regulated rate base arrangements. In the transport operations, the PP&E assets consist of railroads, toll roads and ports. PP&E assets in the midstream operations are comprised of energy transmission, distribution and storage. Data PP&E include mainly telecommunications towers, fiber optic networks and data storage assets. PP&E within our sustainable resource operations include standing timber, land and roads. Valuations utilize significant unobservable inputs (Level 3) when determining the fair value of infrastructure’s utilities, transport, midstream, data and sustainable resources assets. The significant Level 3 inputs include: Valuation Technique Significant Unobservable Inputs Relationship of Unobservable Inputs to Fair Value Mitigating Factors Discounted cash flow analysis • Future cash flows • Increases (decreases) in future cash flows increase (decrease) fair value • Increases (decreases) in cash flows tend to be accompanied by increases (decreases) in discount rates that may offset changes in fair value from cash flows • Discount rate • Increases (decreases) in discount rate decrease (increase) fair value • Increases (decreases) in discount rates tend to be accompanied by increases (decreases) in cash flows that may offset changes in fair value from discount rates • Terminal capitalization multiple • Increases (decreases) in terminal capitalization multiple increases (decreases) fair value • Increases (decreases) in terminal capitalization multiple tend to be accompanied by increases (decreases) in cash flows that may offset changes in fair value from terminal capitalization multiple • Investment horizon • Increases (decreases) in the investment horizon decrease (increase) fair value • Increases (decreases) in the investment horizon tend to be the result of changing cash flow profiles that may result in higher (lower) growth in cash flows prior to stabilizing in the terminal year Key valuation metrics of the company’s utilities, transport, midstream and sustainable resources assets at the end of 2021 and 2020 are summarized below. Utilities Transport Midstream Sustainable Resources AS AT DEC. 31 2021 2020 2021 2020 2021 2020 2021 2020 Discount rates 7 – 11% 7 – 14% 7 – 14% 7 – 13% 15 % 15 % n/a 6 % Terminal capitalization multiples 20x 7x – 23x 9x – 15x 9x – 14x 10x 10x n/a 6x Investment horizon/Exit date (years) 10 – 20 10 10 10 5 – 10 5 – 10 n/a 10 c) Real Estate Cost Accumulated Fair Value Changes Accumulated Depreciation Total AS AT AND FOR THE YEARS ENDED DEC. 31 (MILLIONS) 2021 2020 2021 2020 2021 2020 2021 2020 Balance, beginning of year $ 9,251 $ 9,890 $ 393 $ 1,366 $ (1,212) $ (1,527) $ 8,432 $ 9,729 Changes in basis of accounting (38) (1,895) 8 (681) 1 786 (29) (1,790) Additions/(dispositions) 1 , net of assets reclassified as held for sale 203 1,023 (631) (135) 262 27 (166) 915 Acquisitions through business combinations 2,172 — — — — — 2,172 — Foreign currency translation (192) 233 (2) 2 35 (41) (159) 194 Fair value changes — — 1,113 (159) — — 1,113 (159) Depreciation expenses — — — — (499) (457) (499) (457) Balance, end of year $ 11,396 $ 9,251 $ 881 $ 393 $ (1,413) $ (1,212) $ 10,864 $ 8,432 1. For accumulated depreciation, (additions)/dispositions. The company’s real estate PP&E assets include hospitality assets accounted for under the revaluation model, with the most recent revaluation as at December 31, 2021. The company determined fair value for these assets by using the depreciated replacement cost method. Valuations utilize significant unobservable inputs (Level 3) when determining the fair value of real estate assets. The significant Level 3 inputs include estimates of assets’ replacement cost and remaining economic life. d) Private Equity and Other Private equity and other PP&E includes assets owned by the company’s private equity and residential development businesses. These assets are accounted for under the cost model, which requires the assets to be carried at cost less accumulated depreciation and any accumulated impairment losses. The following table presents the changes to the carrying value of the company’s PP&E assets included in these businesses: Cost Accumulated Impairment Accumulated Depreciation Total AS AT AND FOR THE YEARS ENDED DEC. 31 (MILLIONS) 2021 2020 2021 2020 2021 2020 2021 2020 Balance, beginning of year $ 18,770 $ 17,269 $ (873) $ (643) $ (3,693) $ (2,458) $ 14,204 $ 14,168 Changes in basis of accounting (820) — (3) — 301 — (522) — Additions/(dispositions) 1 , net of assets reclassified as held for sale 1,124 874 97 57 277 290 1,498 1,221 Acquisitions through business combinations 2,518 84 — — — — 2,518 84 Foreign currency translation (337) 543 (3) (3) 36 (61) (304) 479 Depreciation expenses — — — — (1,501) (1,464) (1,501) (1,464) Impairment charges — — (240) (284) — — (240) (284) Balance, end of year $ 21,255 $ 18,770 $ (1,022) $ (873) $ (4,580) $ (3,693) $ 15,653 $ 14,204 1. For accumulated depreciation, (additions)/dispositions.

SUBSIDIARY PUBLIC ISSUERS AND F

SUBSIDIARY PUBLIC ISSUERS AND FINANCE SUBSIDIARY	12 Months Ended
SUBSIDIARY PUBLIC ISSUERS AND FINANCE SUBSIDIARY	Dec. 31, 2021
Disclosure of subsidiaries [abstract]
Disclosure of subsidiaries [text block]	SUBSIDIARIES The following table presents the details of the company’s subsidiaries with significant non-controlling interests: Jurisdiction of Formation Ownership Interest Held by Non-Controlling Interests 1, 2 AS AT DEC. 31 2021 2020 Brookfield Renewable Partners L.P. (“BEP”) 3 Bermuda 51.7 % 49.3 % Brookfield Infrastructure Partners L.P. (“BIP”) 4 Bermuda 72.8 % 71.5 % Brookfield Business Partners L.P. (“BBU”) Bermuda 35.6 % 36.5 % Brookfield Property Group (“BPG”) 5 Bermuda — % 38.3 % 1. Control and associated voting rights of the limited partnerships (BEP, BIP and BBU) reside with their respective general partners which are wholly owned subsidiaries of the company. The company’s general partner interest is entitled to earn base management fees and incentive payments in the form of incentive distribution rights or performance fees. 2. The company’s ownership interest in BEP, BIP, BBU and BPG includes a combination of redemption-exchange units (REUs), Class A limited partnership units, special limited partnership units, general partnership units and units or shares that are exchangeable for units in our listed partnerships, in each subsidiary, where applicable. Each of BEP, BIP, BBU and BPG’s partnership capital includes its Class A limited partnership units whereas REUs and general partnership units are considered non-controlling interests for the respective partnerships. REUs share the same economic attributes in all respects except for the redemption right attached thereto. The REUs and general partnership units participate in earnings and distributions on a per unit basis equivalent to the per unit participation of the Class A limited partnership units of the subsidiary. 3. Ownership interest held by non-controlling interests represents the combined units not held in BEP and Brookfield Renewable Corporation (“BEPC”). 4. Ownership interest held by non-controlling interests represents the combined units not held in BIP and Brookfield Infrastructure Corporation (“BIPC”). 5. BPG includes Brookfield Property Partners L.P. and Brookfield’s wholly owned real estate directly held entities. The ownership interest held by non-controlling interests as at December 31, 2020 represents the ownership interest of non-controlling interests in BPY as of that date. The table below presents the exchanges on which the company’s subsidiaries with significant non-controlling interests were publicly listed as of December 31, 2021: TSX NYSE BEP BEP.UN BEP BIP BIP.UN BIP BBU BBU.UN BBU The following table outlines the composition of accumulated non-controlling interests presented within the company’s consolidated financial statements: AS AT DEC. 31 (MILLIONS) 2021 2020 BEP $ 19,355 $ 17,194 BIP 23,695 19,753 BBU 10,197 9,162 BPG 1 28,064 33,345 Individually immaterial subsidiaries with non-controlling interests 7,075 7,350 $ 88,386 $ 86,804 1. This balance represents non-controlling interests within the consolidated funds of BPG. All publicly listed entities are subject to independent governance. Accordingly, the company has no direct access to the assets of these subsidiaries. Summarized financial information with respect to the company’s subsidiaries with significant non-controlling interests is set out below. The summarized financial information represents amounts before intra-group eliminations: BEP BIP BBU BPG AS AT AND FOR THE YEARS ENDED DEC. 31 (MILLIONS) 2021 2020 2021 2020 2021 2020 2021 2020 Current assets $ 2,861 $ 1,742 $ 4,896 $ 3,711 $ 15,418 $ 14,493 $ 23,487 $ 12,270 Non-current assets 53,006 47,980 69,065 57,620 48,801 40,253 140,510 132,178 Current liabilities (3,222) (2,761) (8,661) (5,524) (13,912) (12,133) (34,158) (27,949) Non-current liabilities (28,649) (25,194) (38,909) (34,134) (37,307) (31,276) (69,771) (63,823) Non-controlling interests (19,355) (17,194) (23,695) (19,753) (10,197) (9,162) (28,064) (33,345) Equity attributable to Brookfield $ 4,641 $ 4,573 $ 2,696 $ 1,920 $ 2,803 $ 2,175 $ 32,004 $ 19,331 Revenues $ 4,096 $ 3,810 $ 11,537 $ 8,885 $ 46,587 $ 37,635 $ 9,955 $ 8,883 Net income (loss) attributable to: Non-controlling interests $ 151 $ 162 $ 2,489 $ 863 $ 1,846 $ 686 $ 3,831 $ (336) Shareholders (217) (207) 230 41 307 (106) 1,616 (1,321) $ (66) $ (45) $ 2,719 $ 904 $ 2,153 $ 580 $ 5,447 $ (1,657) Other comprehensive income (loss) attributable to: Non-controlling interests $ 1,835 $ 1,621 $ 197 $ (82) $ 218 $ 25 $ 857 $ 464 Shareholders 931 653 63 20 65 47 442 401 $ 2,766 $ 2,274 $ 260 $ (62) $ 283 $ 72 $ 1,299 $ 865 The summarized cash flows of the company’s subsidiaries with material non-controlling interests are as follows: BEP BIP BBU BPG FOR THE YEARS ENDED DEC. 31 (MILLIONS) 2021 2020 2021 2020 2021 2020 2021 2020 Cash flows from (used in): Operating activities $ 734 $ 1,296 $ 2,772 $ 2,530 $ 1,693 $ 4,205 $ 3,924 $ (439) Financing activities 2,143 (792) (995) 2,126 7,063 (1,077) 7,790 4,330 Investing activities (2,504) (426) (1,173) (4,609) (8,926) (2,334) (10,210) (3,401) Distributions paid to non-controlling interests in common equity $ 456 $ 323 $ 715 $ 642 $ 13 $ 13 $ 120 $ 528 Brookfield Finance Inc. (“BFI”) was incorporated on March 31, 2015 under the Business Corporations Act (Ontario) and is an indirect 100% owned subsidiary of the Corporation that may offer and sell debt securities. Any debt securities issued by BFI are fully and unconditionally guaranteed by the Corporation. BFI issued: • $500 million of 4.25% notes due in 2026 on June 2, 2016; • $550 million of 4.70% notes due in 2047 on September 14, 2017; • $350 million of 4.70% notes due in 2047 on January 17, 2018; • $650 million of 3.90% notes due in 2028 on January 17, 2018; • $1.0 billion of 4.85% notes due in 2029 on January 29, 2019; • $600 million of 4.35% notes due in 2030 on April 9, 2020; • $150 million of 4.35% notes due in 2030 on April 14, 2020; • $500 million of 3.50% notes due in 2051 on September 28, 2 020; • $400 million of 4.625% subordinated notes due in 2080 on October 16, 2020; • $500 million of 2.724% notes due in 2031 on April 12, 2021; and • $250 million of 3.50% notes due in 2051 on July 26, 2021. Brookfield Finance LLC (“BFL”) is a Delaware limited liability company formed on February 6, 2017 and an indirect 100% owned subsidiary of the Corporation. Brookfield Finance II Inc. (“BFI II”) was incorporated on September 24, 2020 under the Business Corporations Act (Ontario) and is a direct 100% owned subsidiary of the Corporation. Brookfield Finance (Australia) Pty Ltd (“BF AUS”) was incorporated on September 24, 2020 under the Corporations Act 2001 (Commonwealth of Australia) and is an indirect 100% owned subsidiary of the Corporation. Brookfield Finance I (UK) PLC (“BF U.K.”) was incorporated on September 25, 2020 under the U.K. Companies Act 2006 and is an indirect 100% owned subsidiary of the Corporation. Brookfield Finance II LLC (“BFL II”) was formed on September 24, 2020 under the Delaware Limited Liability Company Act and is an indirect 100% owned subsidiary of the Corporation. BFL, BFL II, BF AUS and BF U.K. are consolidated subsidiaries of the Corporation that may offer and sell debt securities or, in the case of BFL II, preferred shares representing limited liability company interests. Any debt securities issued by BFL and BF U.K. are, and any debt securities issued by BF AUS and BFI II and any preferred shares representing limited liability company interests issued by BFL II will be, fully and unconditionally guaranteed as to payment of principal, premium (if any), interest and certain other amounts by the Corporation. On March 10, 2017, BFL issued $750 million of 4.00% notes due in 2024. On December 31, 2018, as part of an internal reorganization, the 2024 notes were transferred to BFI. On February 21, 2020, BFL issued $600 million of 3.45% notes due in 2050. On November 24, 2020, BF U.K. issued $230 million of 4.50% perpetual subordinated notes. On July 26, 2021, BF U.K. issued $600 million of 2.34% notes due in 2032. BFI II, BFL, BFL II, BF AUS and BF U.K. have no independent activities, assets or operations other than in connection with any securities that they may issue. Brookfield Investments Corporation (“BIC”) is an investment company that holds investments in the real estate, renewable power and infrastructure sectors, as well as a portfolio of preferred shares issued by the Corporation’s subsidiaries. The Corporation provided a full and unconditional guarantee of the Class 1 Senior Preferred Shares, Series A issued by BIC. As at December 31 , 2021, C$37 million of the se senior preferred shares were held by third-party shareholders and are retractable at the option of the holder. On February 4, 2022, BFI issued an additional $400 million of its existing 3.90% notes due in 2028 and issued $400 million of 3.625% notes due in 2052. The following tables contain summarized financial information of the Corporation, BFI, BFI II, BFL, BFL II, BF AUS, BF U.K., BIC and non-guarantor subsidiaries: AS AT AND FOR THE YEAR ENDED DEC. 31, 2021 The Corporation 1 BFI BFI II BFL BFL II BF BF BIC Other subsidiaries of the Corporation 2 Consolidating Adjustments 3 The Company Revenues $ 1,373 $ 250 $ — $ 33 $ — $ — $ 9 $ 121 $ 82,663 $ (8,718) $ 75,731 Net income (loss) attributable to shareholders 3,966 (8) — — — — 5 (251) 6,100 (5,846) 3,966 Total assets 84,793 8,256 — 607 — — 843 5,433 400,288 (109,217) 391,003 Total liabilities 38,438 6,387 — 597 — — 603 3,734 237,100 (30,597) 256,262 Non-controlling interest – preferred equity — — — — — — 230 — — — 230 AS AT AND FOR THE YEAR The Corporation 1 BFI BFI II BFL BFL II BF BF BIC Other subsidiaries of the Corporation 2 Consolidating Adjustments 3 The Company Revenues $ 626 $ 280 $ — $ 28 $ — $ — $ 2 $ 163 $ 70,385 $ (8,732) $ 62,752 Net income (loss) attributable to shareholders (134) 73 — — — — 1 91 6,368 (6,533) (134) Total assets 73,898 7,207 — 600 — — 233 4,280 350,687 (93,209) 343,696 Total liabilities 38,060 5,547 — 596 — — 3 2,690 206,877 (32,719) 221,054 Non-controlling interest – preferred equity — — — — — — 230 — — — 230 1. This column accounts for investments in all subsidiaries of the Corporation under the equity method. 2. This column accounts for investments in all subsidiaries of the Corporation other than BFI, BFL, BIC, BFI II, BF AUS, BF U.K. and BFL II on a combined basis. 3. This column includes the necessary amounts to present the company on a consolidated basis.

EQUITY

EQUITY	12 Months Ended
EQUITY	Dec. 31, 2021
Equity [abstract]
EQUITY	EQUITY Equity consists of the following: AS AT DEC. 31 (MILLIONS) Note 2021 2020 Preferred equity (a) $ 4,145 $ 4,145 Non-controlling interests (b) 88,386 86,804 Common equity (c) 42,210 31,693 $ 134,741 $ 122,642 a) Preferred Equity Preferred equity includes perpetual preferred shares and rate-reset preferred shares and consists of the following: Average Rate AS AT DEC. 31 (MILLIONS) 2021 2020 2021 2020 Perpetual preferred shares Floating rate 2.32 % 1.76 % $ 505 $ 531 Fixed rate 4.82 % 4.82 % 739 739 3.81 % 3.54 % 1,244 1,270 Fixed rate-reset preferred shares 4.07 % 4.07 % 2,901 2,875 4.00 % 3.91 % $ 4,145 $ 4,145 Further details on each series of preferred shares are as follows: Issued and Outstanding AS AT DEC. 31 (MILLIONS, EXCEPT PER SHARE INFORMATION) Rate 2021 2020 2021 2020 Class A preferred shares Perpetual preferred shares Series 2 70% P 10,457,685 10,457,685 $ 169 $ 169 Series 4 70% P 2,795,910 2,795,910 45 45 Series 8 2 Variable up to P 3,321,486 2,476,185 54 42 Series 13 70% P 9,290,096 9,290,096 195 195 Series 15 B.A. + 40 b.p. 1 2,000,000 2,000,000 42 42 Series 17 4.75 % 7,840,204 7,840,204 171 171 Series 18 4.75 % 7,866,749 7,866,749 178 178 Series 25 3 — — 1,529,133 — 38 Series 36 4.85 % 7,842,909 7,842,909 197 197 Series 37 4.90 % 7,830,091 7,830,091 193 193 1,244 1,270 Rate-reset preferred shares 4 Series 9 2 2.75 % 670,680 1,515,981 9 21 Series 24 3 3.24 % 10,808,027 9,278,894 265 227 Series 26 3.47 % 9,770,928 9,770,928 240 240 Series 28 2.73 % 9,233,927 9,233,927 232 232 Series 30 4.69 % 9,787,090 9,787,090 241 241 Series 32 5.06 % 11,750,299 11,750,299 297 297 Series 34 5 4.44 % 9,876,735 9,876,735 253 253 Series 38 6 3.57 % 7,906,132 7,906,132 179 179 Series 40 7 4.03 % 11,841,025 11,841,025 271 271 Series 42 8 3.25 % 11,887,500 11,887,500 266 266 Series 44 5.00 % 9,831,929 9,831,929 187 187 Series 46 4.80 % 11,740,797 11,740,797 217 217 Series 48 4.75 % 11,885,972 11,885,972 244 244 2,901 2,875 Total $ 4,145 $ 4,145 1. Rate determined quarterly. 2. 8,202 shares were converted from Series 8 to Series 9 and 853,503 shares were converted from Series 9 to Series 8 on November 1, 2021. 3. All Series 25 shares were converted into Series 24 on a one-for-one basis effective June 30, 2021. 4. Dividend rates are fixed for 5 to 6 years from the quarter end dates after issuance, June 30, 2011, March 31, 2012, June 30, 2012, December 31, 2012, September 30, 2013, March 31, 2014, June 30, 2014, December 31, 2014, December 31, 2015, December 31, 2016 and December 31, 2017, respectively and reset after 5 to 6 years to the 5-year Government of Canada bond rate plus between 180 and 417 basis points. 5. Dividend rate reset commenced March 31, 2019. 6. Dividend rate reset commenced March 31, 2020. 7. Dividend rate reset commenced September 30, 2019. 8. Dividend rate reset commenced June 30, 2020. P – Prime Rate, B.A. – Bankers’ Acceptance Rate, b.p. – Basis Points. The company is authorized to issue an unlimited number of Class A preferred shares and an unlimited number of Class AA preferred shares, issuable in series. No Class AA preferred shares have been issued. The Class A preferred shares are entitled to preference over the Class A and Class B Limited Voting Shares (“Class A and B shares”) on the declaration of dividends and other distributions to shareholders. All series of the outstanding preferred shares have a par value of C$25.00 per share. b) Non-controlling Interests Non-controlling interests represent the common and preferred equity in consolidated entities that are owned by other shareholders. AS AT DEC. 31 (MILLIONS) 2021 2020 Common equity $ 82,898 $ 80,915 Preferred equity 5,488 5,889 Total $ 88,386 $ 86,804 Further information on non-controlling interests is provided in Note 4 – Subsidiaries. c) Common Equity The company’s common equity is comprised of the following: AS AT DEC. 31 (MILLIONS) 2021 2020 Common shares $ 10,538 $ 7,368 Contributed surplus 320 285 Retained earnings 17,705 15,178 Ownership changes 6,243 2,691 Accumulated other comprehensive income 7,404 6,171 Common equity $ 42,210 $ 31,693 The company is authorized to issue an unlimited number of Class A Limited Voting Shares ("Class A shares") and 85,120 Class B Limited Voting Shares ("Class B shares"). The company’s Class A shares and Class B shares have no stated par value. The holders of Class A shares and Class B shares rank on par with each other with respect to the payment of dividends and the return of capital on the liquidation, dissolution or winding up of the company or any other distribution of the assets of the company among its shareholders for the purpose of winding up its affairs. Holders of the Class A shares are entitled to elect half of the Board of Directors of the company and holders of the Class B shares are entitled to elect the other half of the Board of Directors. With respect to the Class A and Class B shares, there are no dilutive factors, material or otherwise, that would result in different diluted earnings per share between the classes. This relationship holds true irrespective of the number of dilutive instruments issued in either one of the respective classes of Class A and Class B shares, as both classes of shares participate equally, on a pro rata basis, in the dividends, earnings and net assets of the company, whether taken before or after dilutive instruments, regardless of which class of shares is diluted. On April 1, 2020, the company completed a three-for-two stock split of the company’s outstanding Class A shares. All share count and per-share disclosure are presented on a post-split basis. On June 28, 2021, the company completed the spin-out of BAMR by paying a special dividend to the holders of the company’s Class A shares and Class B shares. The special dividend of $538 million recorded in equity was based on the fair value of the assets distributed. On July 26, 2021, the company issued 60.9 million Class A shares in connection with the privatization of Brookfield Property Partners L.P. (“BPY”). The holders of the company’s Class A shares and Class B shares received cash dividends during 2021 of $0.52 per share (2020 – $0.48 per share). The number of issued and outstanding Class A and Class B shares and unexercised options are as follows: AS AT DEC. 31 2021 2020 Class A shares 1 1,568,743,821 1,510,635,291 Class B shares 85,120 85,120 Shares outstanding 1 1,568,828,941 1,510,720,411 Unexercised options, other share-based plans 2 and exchangeable shares of affiliate 82,825,207 62,975,947 Total diluted shares 1,651,654,148 1,573,696,358 1. Net of 69,663,192 Class A shares held by the company in respect of long-term compensation agreements as at December 31, 2021 (December 31, 2020 – 64,197,815). 2. Includes management share option plan and escrowed stock plan. The authorized common share capital consists of an unlimited number of Class A shares and 85,120 Class B shares. Shares issued and outstanding changed as follows: FOR THE YEARS ENDED DEC. 31 2021 2020 Outstanding, beginning of year 1 1,510,720,411 1,509,293,641 Issued (Repurchased) Issuances 61,276,716 — Repurchases (9,662,117) (8,932,576) Long-term share ownership plans 2 6,369,972 10,137,294 Dividend reinvestment plan and other 123,959 222,052 Outstanding, end of year 3 1,568,828,941 1,510,720,411 1. Net of 64,197,815 Class A shares held by the company in respect of long-term compensation agreements as at December 31, 2020 (December 31, 2019 – 63,417,346). 2. Includes management share option plan and restricted stock plan. 3. Net of 69,663,192 Class A shares held by the company in respect of long-term compensation agreements as at December 31, 2021 (December 31, 2020 – 64,197,815). Earnings Per Share The components of basic and diluted earnings per share are summarized in the following table: FOR THE YEARS ENDED DEC. 31 (MILLIONS) 2021 2020 Net income (loss) attributable to shareholders $ 3,966 $ (134) Preferred share dividends (148) (141) Dilutive effect of conversion of subsidiary preferred shares (26) 93 Net income (loss) available to shareholders 3,792 (182) Dilutive impact of exchangeable shares 2 — Net income (loss) available to shareholders including dilutive impact of exchangeable shares $ 3,794 $ (182) FOR THE YEARS ENDED DEC. 31 (MILLIONS) 2021 2020 1 Weighted average – Class A and Class B shares 1,536.5 1,511.4 Dilutive effect of conversion of options and escrowed shares using treasury stock method and exchangeable shares of affiliate 50.4 — Class A and Class B shares and share equivalents 1,586.9 1,511.4 1. Adjusted to reflect the three-for-two stock split effective on April 1, 2020. Share-Based Compensation The expense recognized for share-based compensation is summarized in the following table: FOR THE YEARS ENDED DEC. 31 (MILLIONS) 2021 2020 Expense arising from equity-settled share-based payment transactions $ 110 $ 89 Expense arising from cash-settled share-based payment transactions 681 104 Total expense arising from share-based payment transactions 791 193 Effect of hedging program (670) (99) Total expense included in consolidated income $ 121 $ 94 The share-based payment plans are described below. There were no cancellations of or modifications to any of the plans during 2021 and 2020. Equity-settled Share-based Awards Management Share Option Plan Options issued under the company’s Management Share Option Plan (“MSOP”) vest over a period of up to five years, expire ten years after the grant date and are settled through issuance of Class A shares. The exercise price is equal to the market price at the grant date. For the year ended December 31, 2021 , the total expense incurred with respect to MSOP totaled $25 million (2020 – $24 million). The changes in the number of options during 2021 and 2020 were as follows: NYSE Number of Options (000’s) 1 Weighted- Average Exercise Price Outstanding as at January 1, 2021 47,367 US$ 25.08 Granted 4,185 43.43 Exercised (7,388) 20.15 Cancelled (370) 34.49 Outstanding as at December 31, 2021 43,794 US$ 27.58 1. Options to acquire NYSE listed Class A shares. NYSE Number of Options (000’s) 1 Weighted- Average Exercise Price Outstanding as at January 1, 2020 50,703 US$ 22.69 Granted 3,341 45.21 Exercised (6,382) 16.50 Cancelled (295) 27.80 Outstanding as at December 31, 2020 47,367 US$ 25.08 1. Options to acquire NYSE listed Class A shares. The weighted-average fair value of options granted for the year ended December 31, 2021 was $6.97 (2020 – $5.54), and was determined using the Black-Scholes valuation model, with inputs to the model as follows: FOR THE YEARS ENDED DEC. 31 Unit 2021 2020 Weighted-average share price US$ 43.43 45.21 Average term to exercise Years 7.5 7.5 Share price volatility 1 % 24.4 17.0 Liquidity discount % 25.0 25.0 Weighted-average annual dividend yield % 1.7 1.5 Risk-free rate % 1.0 1.4 1. Share price volatility was determined based on historical share prices over a similar period to the average term to exercise. At December 31, 2021 , the following options to purchase Class A shares were outstanding: Options Outstanding (000’s) Exercise Price Weighted-Average Remaining Life Vested Unvested Total US$10.30 – US$15.35 0.2 years 629 — 629 US$16.81 – US$20.39 2.8 years 10,238 — 10,238 US$22.50 – US$26.93 5.0 years 14,473 3,856 18,329 US$29.48 – US$38.64 7.2 years 3,083 4,173 7,256 US$43.43 – US$45.21 8.7 years 646 6,696 7,342 29,069 14,725 43,794 At December 31, 2020, the following options to purchase Class A shares were outstanding: Options Outstanding (000’s) Exercise Price Weighted-Average Remaining Life Vested Unvested Total US$10.30 – US$15.35 1.0 years 2,254 — 2,254 US$15.58 – US$20.39 3.8 years 11,860 1,131 12,991 US$22.50 – US$26.93 5.9 years 14,280 7,010 21,290 US$29.48 – US$38.64 8.2 years 1,833 5,672 7,505 US$45.21 9.2 years — 3,327 3,327 30,227 17,140 47,367 Escrowed Stock Plan The Escrowed Stock Plan (the “ES Plan”) provides executives with indirect ownership of Class A shares. Under the ES Plan, executives are granted common shares (the “ES Shares”) in one or more private companies that own Class A shares. The Class A shares are purchased on the open market with the purchase cost funded by the company. The ES shares generally vest over five years and must be held to the fifth anniversary of the grant date. At a date no more than ten years from the grant date, all outstanding ES shares will be exchanged for Class A shares issued by the company based on the market value of Class A shares at the time of the exchange. The number of Class A shares issued on exchange will be less than the Class A shares purchased under the ES Plan resulting in a net reduction in the number of Class A shares issued by the company. During 2021, 5.3 million Class A shares were purchased in respect of ES shares granted to executives under the ES Plan (2020 – 3.8 million Class A shares) during the year. For the year ended December 31, 2021 , the total expense incurred with respect to the ES Plan totaled $41 million (2020 – $35 million). The weighted-average fair value of escrowed shares granted for the year ended December 31, 2021 was $6.99 (2020 – $5.54), and was determined using the Black-Scholes model of valuation with inputs to the model as follows: FOR THE YEARS ENDED DEC. 31 Unit 2021 2020 Weighted-average share price US$ 43.53 45.21 Average term to exercise Years 7.5 7.5 Share price volatility 1 % 24.4 17.0 Liquidity discount % 25.0 25.0 Weighted-average annual dividend yield % 1.6 1.5 Risk-free rate % 1.0 1.4 1. Share price volatility was determined based on historical share prices over a similar period to the average term to exercise. The change in the number of ES shares during 2021 and 2020 was as follows: Number of Weighted- Average Exercise Price Outstanding at January 1, 2021 46,716 $ 28.88 Granted 5,300 43.53 Exercised (1,621) 20.01 Cancelled (17) 44.35 Outstanding at December 31, 2021 50,378 $ 30.70 Number of Weighted- Average Exercise Price Outstanding at January 1, 2020 54,791 $ 25.82 Granted 3,841 45.21 Exercised (11,613) 19.66 Cancelled (303) 35.85 Outstanding at December 31, 2020 46,716 $ 28.88 Restricted Stock Plan The Restricted Stock Plan awards executives with Class A shares purchased on the open market (“Restricted Shares”). Under the Restricted Stock Plan, Restricted Shares awarded vest over a period of up to five years, except for Restricted Shares awarded in lieu of a cash bonus, which may vest immediately. Vested and unvested Restricted Shares are subject to a hold period of up to five years. Holders of Restricted Shares are entitled to vote Restricted Shares and to receive associated dividends. Employee compensation expense for the Restricted Stock Plan is charged against income over the vesting period. During 2021, Brookfield granted 3.1 million Class A shares (2020 – 1.0 million) pursuant to the terms and conditions of the Restricted Stock Plan, in which 1.5 million were converted from BPY units in connection with the BPY privatization, resulting in the recognition of $43 million (2020 – $30 million) of compensation expense. Cash-settled Share-based Awards Deferred Share Unit Plan and Restricted Share Unit Plan The Deferred Share Unit Plan and Restricted Share Unit Plan provide for the issuance of DSUs and RSUs, respectively. Under these plans, qualifying employees and directors receive varying percentages of their annual incentive bonus or directors’ fees in the form of DSUs and RSUs. The DSUs and RSUs vest over periods of up to five years, and DSUs accumulate additional DSUs at the same rate as dividends on common shares based on the market value of the common shares at the time of the dividend. Participants are not allowed to convert DSUs and RSUs into cash until retirement or cessation of employment. The value of the DSUs, when converted to cash, will be equivalent to the market value of the common shares at the time the conversion takes place. The value of the RSUs, when converted into cash, will be equivalent to the difference between the market price of equivalent number of common shares at the time the conversion takes place and the market price on the date the RSUs are granted. The company uses equity derivative contracts to offset its exposure to the change in share prices in respect of vested and unvested DSUs and RSUs. The fair value of the vested DSUs and RSUs as at December 31, 2021 was $1.9 billion (2020 – $1.3 billion). Employee compensation expense for these plans is charged against income over the vesting period of the DSUs and RSUs. The amount payable by the company in respect of vested DSUs and RSUs changes as a result of dividends and share price movements. All of the amounts attributable to changes in the amounts payable by the company are recorded as employee compensation expense in the period of the change. For the year ended December 31, 2021 , employee compensation expense totaled $11 million (2020 – $5 million), net of the impact of hedging arrangements. The change in the number of DSUs and RSUs during 2021 and 2020 was as follows: DSUs RSUs Number Number Weighted- Average Exercise Price Outstanding at January 1, 2021 18,721 13,679 C$ 6.10 Granted and reinvested 1,929 — — Exercised and cancelled (2,364) — — Outstanding at December 31, 2021 18,286 13,679 C$ 6.10 DSUs RSUs Number Number Weighted- Average Exercise Price Outstanding at January 1, 2020 21,204 15,810 C$ 6.14 Granted and reinvested 623 — — Exercised and cancelled (3,106) (2,131) 6.35 Outstanding at December 31, 2020 18,721 13,679 C$ 6.10 The fair value of each DSU is equal to the traded price of the company’s common shares. Unit Dec. 31, 2021 Dec. 31, 2020 Share price on date of measurement C$ 76.39 52.62 Share price on date of measurement US$ 60.38 41.27 The fair value of RSUs was determined primarily using the following inputs: Unit Dec. 31, 2021 Dec. 31, 2020 Share price on date of measurement C$ 76.39 52.62 Weighted-average fair value of a unit C$ 70.29 46.52

REVENUES

REVENUES	12 Months Ended
REVENUES	Dec. 31, 2021
Disclosure of disaggregation of revenue from contracts with customers [abstract]
Disclosure of revenue	REVENUES We perform a disaggregated analysis of revenues considering the nature, amount, timing and uncertainty of revenues. This includes disclosure of our revenues by segment and type, as well as a breakdown of whether revenues from goods or services are recognized at a point in time or delivered over a period of time. a) Revenue by Type FOR THE YEAR ENDED Asset Corporate Renewable Infrastructure Private Real Estate Residential Total Revenue from contracts with customers $ 306 $ — $ 4,041 $ 11,204 $ 44,558 $ 3,259 $ 2,463 $ 65,831 Other revenue — 169 539 737 1,694 6,664 97 9,900 $ 306 $ 169 $ 4,580 $ 11,941 $ 46,252 $ 9,923 $ 2,560 $ 75,731 FOR THE YEAR ENDED DEC. 31, 2020 (MILLIONS) Asset Corporate Renewable Infrastructure Private Real Estate Residential Total Revenue from contracts with customers $ 246 $ — $ 3,757 $ 8,611 $ 35,599 $ 2,403 $ 2,170 $ 52,786 Other revenue — 872 328 683 1,562 6,448 73 9,966 $ 246 $ 872 $ 4,085 $ 9,294 $ 37,161 $ 8,851 $ 2,243 $ 62,752 b) Timing of Recognition of Revenue from Contracts with Customers FOR THE YEAR ENDED DEC. 31, 2021 (MILLIONS) Asset Corporate Renewable Infrastructure Private Real Estate Residential Total Goods and services provided at a point in time $ — $ — $ 137 $ 137 $ 37,676 $ 637 $ 2,450 $ 41,037 Services transferred over a period of time 306 — 3,904 11,067 6,882 2,622 13 24,794 $ 306 $ — $ 4,041 $ 11,204 $ 44,558 $ 3,259 $ 2,463 $ 65,831 FOR THE YEAR ENDED DEC. 31, 2020 (MILLIONS) Asset Corporate Renewable Infrastructure Private Real Estate Residential Total Goods and services provided at a point in time $ — $ — $ 143 $ 160 $ 28,944 $ 553 $ 2,167 $ 31,967 Services transferred over a period of time 246 — 3,614 8,451 6,655 1,850 3 20,819 $ 246 $ — $ 3,757 $ 8,611 $ 35,599 $ 2,403 $ 2,170 $ 52,786 Remaining Performance Obligation Private Equity In our construction services operation, backlog is defined as revenue yet to be delivered (i.e. remaining performance obligations) on construction projects that have been secured via an executed contract, work order or letter of intent. As at December 31, 2021, our backlog of construction projects was approximately $7.5 billion ( 2020 – $5.6 billion). In our Brazilian water and wastewater services operation, our long-term, inflation-adjusted concession service contracts with various municipalities have an average remaining contract duration of 24 years as at December 31, 2021 ( 2020 – 24 years). Others In our Asset Management, Infrastructure and Renewable Power and Transition businesses, revenue is generally recognized as invoiced for contracts recognized over a period of time as the amounts invoiced are commensurate with the value provided to the customers. c) Lease Income Our leases in which the company is a lessor are primarily operating in nature. Total lease income from our assets leased out on operating leases totaled $6.7 billion ( 2020 – $6.7 billion) including $147 million ( 2020 – $75 million) of income related to variable lease income that is not dependent on an index or rate. The following table presents the undiscounted contractual earnings receivable of the company’s leases by expected period of receipt: Payments Receivable by Period AS AT DEC. 31, 2021 (MILLIONS) Less than 1 Year 1 – 3 Years 4 – 5 Years After 5 Years Total Receivables from lease contracts $ 5,072 $ 8,090 $ 6,333 $ 14,355 $ 33,850 Payments Receivable by Period AS AT DEC. 31, 2020 (MILLIONS) Less than 1 Year 1 – 3 Years 4 – 5 Years After 5 Years Total Receivables from lease contracts $ 4,738 $ 8,385 $ 6,661 $ 15,971 $ 35,755

FAIR VALUE CHANGES

FAIR VALUE CHANGES	12 Months Ended
FAIR VALUE CHANGES	Dec. 31, 2021
Fair Value Measurement [Abstract]
Fair value changes	FAIR VALUE CHANGES Fair value changes recorded in net income represent gains or losses arising from changes in the fair value of assets and liabilities, including derivative financial instruments, accounted for using the fair value method and are comprised of the following: FOR THE YEARS ENDED DEC. 31 (MILLIONS) 2021 2020 Investment properties $ 5,073 $ (269) Transaction related gains, net of expenses 714 20 Financial contracts 984 686 Impairment and provisions (654) (808) Other fair value changes (966) (1,052) $ 5,151 $ (1,423)

SIGNIFICANT ACCOUNTING POLICI_2

SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
SIGNIFICANT ACCOUNTING POLICIES (Policies)	Dec. 31, 2021
Disclosure of Significant Accounting Policies [Abstract]
Statement of Compliance	Statement of Compliance These consolidated financial statements have been prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”). These consolidated financial statements were authorized for issuance by the Board of Directors of the company on March 30, 2022.
Disclosure of expected impact of initial application of new standards or interpretations [text block]	) Future Changes in Accounting Standards i. Insurance Contracts In May 2017, the IASB published IFRS 17, Insurance Contracts (“IFRS 17”), which establishes principles for the recognition, measurement, presentation and disclosure of insurance contracts. IFRS 17 will replace IFRS 4, Insurance Contracts , and will be applied retrospectively. In June 2020, the IASB proposed an amendment to IFRS 17 providing a one-year deferral on the effective date of the standard to January 1, 2023. IFRS 17 requires insurance contract liabilities to be measured at a current fulfillment value and provides a more uniform measurement and presentation approach for all insurance contracts. The company is currently assessing the impact of IFRS 17 on its operations. ii. Amendments to IAS 1 – Presentation of Financial Statements (“IAS 1”) The amendments clarify how to classify debt and other liabilities as current or non-current. The amendments to IAS 1 apply to annual reporting periods beginning on or after January 1, 2023. The company is currently assessing the impact of these amendments. iii. Amendments to IFRS 3 – Business Combinations (“IFRS 3”) - Reference to Conceptual Framework The amendments add an exception to the recognition principle of IFRS 3 to avoid the issue of potential ‘day 2’ gains or losses arising from liabilities and contingent liabilities that would be within the scope of IAS 37, Provisions, Contingent Liabilities and Contingent Assets (“IAS 37”), or IFRIC 21, Levies (“IFRIC 21”), if incurred separately. The exception requires entities to apply the criteria in IAS 37 or IFRIC 21, respectively, instead of the Conceptual Framework, to determine whether a present obligation exists at the acquisition date. At the same time, the amendments add a new paragraph to IFRS 3 to clarify that contingent assets do not qualify for recognition at the acquisition date. The amendments apply to annual reporting periods beginning on or after January 1, 2022. The company is currently assessing the impact of these amendments.
Basis of preparation	) Basis of Presentation The consolidated financial statements are prepared on a going concern basis. i. Subsidiaries The consolidated financial statements include the accounts of the company and its subsidiaries, which are the entities over which the company exercises control. Control exists when the company is able to exercise power over the investee, is exposed to variable returns from its involvement with the investee and has the ability to use its power over the investee to affect the amount of its returns. Subsidiaries are consolidated from the date control is obtained and continue to be consolidated until the date when control is lost. The company includes 100% of its subsidiaries’ revenues and expenses in the Consolidated Statements of Operations and 100% of its subsidiaries’ assets and liabilities on the Consolidated Balance Sheets, with non-controlling interests in the equity of the company’s subsidiaries included within the company’s equity. All intercompany balances, transactions, unrealized gains and losses are eliminated in full. The company continually reassesses whether or not it controls an investee, particularly if facts and circumstances indicate there is a change to one or more of the control criteria previously mentioned. In certain circumstances when the company has less than a majority of the voting rights of an investee, it has power over the investee when the voting rights are sufficient to give it the practical ability to direct the relevant activities of the investee unilaterally. The company considers all relevant facts and circumstances in assessing whether or not the company’s voting rights are sufficient to give it control of an investee. Certain of the company’s subsidiaries are subject to profit sharing arrangements, such as carried interest, between the company and the non-controlling equity holders, whereby the company is entitled to a participation in profits, as determined under the agreements. The attribution of net income amongst equity holders in these subsidiaries reflects the impact of these profit-sharing arrangements when the attribution of profits as determined in the agreement is no longer subject to adjustment based on future events and correspondingly reduces non-controlling interests ’ attributable share of those profits. Gains or losses resulting from changes in the company’s ownership interest of a subsidiary that do not result in a loss of control are accounted for as equity transactions and are recorded within ownership changes as a component of equity. When we dispose of all or part of a subsidiary resulting in a loss of control, the difference between the carrying value of what is sold and the proceeds from disposition is recognized within other income and gains in the Consolidated Statements of Operations. Refer to Note 2(r) for an explanation of the company’s accounting policy for business combinations and to Note 4 for additional information on subsidiaries of the company with significant non-controlling interests. ii. Associates and Joint Ventures Associates are entities over which the company exercises significant influence. Significant influence is the power to participate in the financial and operating policy decisions of the investee but without control or joint control over those policies. Joint ventures are joint arrangements whereby the parties that have joint control of the arrangement have the rights to the net assets of the joint arrangement. Joint control is the contractually agreed sharing of control over an arrangement, which exists only when decisions about the relevant activities require unanimous consent of the parties sharing control. The company accounts for associates and joint ventures using the equity method of accounting within equity accounted investments on the Consolidated Balance Sheets. Interests in associates and joint ventures accounted for using the equity method are initially recognized at cost. At the time of initial recognition, if the cost of the associate or joint venture is lower than the proportionate share of the investment’s underlying fair value, the company records a gain on the difference between the cost and the underlying fair value of the investment in net income. If the cost of the associate or joint venture is greater than the company’s proportionate share of the underlying fair value, goodwill relating to the associate or joint venture is included in the carrying amount of the investment. Subsequent to initial recognition, the carrying value of the company’s interest in an associate or joint venture is adjusted for the company’s share of comprehensive income and distributions of the investee. Profit and losses resulting from transactions with an associate or joint venture are recognized in the consolidated financial statements based on the interests of unrelated investors in the investee. The carrying value of associates or joint ventures is assessed for indicators of impairment at each balance sheet date. Impairment losses on equity accounted investments may be subsequently reversed in net income. Further information on the impairment of long-lived assets is available in Note 2(m). iii. Joint Operations
Description of accounting policy for subsidiaries [text block]	Subsidiaries The consolidated financial statements include the accounts of the company and its subsidiaries, which are the entities over which the company exercises control. Control exists when the company is able to exercise power over the investee, is exposed to variable returns from its involvement with the investee and has the ability to use its power over the investee to affect the amount of its returns. Subsidiaries are consolidated from the date control is obtained and continue to be consolidated until the date when control is lost. The company includes 100% of its subsidiaries’ revenues and expenses in the Consolidated Statements of Operations and 100% of its subsidiaries’ assets and liabilities on the Consolidated Balance Sheets, with non-controlling interests in the equity of the company’s subsidiaries included within the company’s equity. All intercompany balances, transactions, unrealized gains and losses are eliminated in full. The company continually reassesses whether or not it controls an investee, particularly if facts and circumstances indicate there is a change to one or more of the control criteria previously mentioned. In certain circumstances when the company has less than a majority of the voting rights of an investee, it has power over the investee when the voting rights are sufficient to give it the practical ability to direct the relevant activities of the investee unilaterally. The company considers all relevant facts and circumstances in assessing whether or not the company’s voting rights are sufficient to give it control of an investee. Certain of the company’s subsidiaries are subject to profit sharing arrangements, such as carried interest, between the company and the non-controlling equity holders, whereby the company is entitled to a participation in profits, as determined under the agreements. The attribution of net income amongst equity holders in these subsidiaries reflects the impact of these profit-sharing arrangements when the attribution of profits as determined in the agreement is no longer subject to adjustment based on future events and correspondingly reduces non-controlling interests ’ attributable share of those profits. Gains or losses resulting from changes in the company’s ownership interest of a subsidiary that do not result in a loss of control are accounted for as equity transactions and are recorded within ownership changes as a component of equity. When we dispose of all or part of a subsidiary resulting in a loss of control, the difference between the carrying value of what is sold and the proceeds from disposition is recognized within other income and gains in the Consolidated Statements of Operations.
Description of accounting policy for investment in associates and joint ventures [text block]	Associates and Joint Ventures Associates are entities over which the company exercises significant influence. Significant influence is the power to participate in the financial and operating policy decisions of the investee but without control or joint control over those policies. Joint ventures are joint arrangements whereby the parties that have joint control of the arrangement have the rights to the net assets of the joint arrangement. Joint control is the contractually agreed sharing of control over an arrangement, which exists only when decisions about the relevant activities require unanimous consent of the parties sharing control. The company accounts for associates and joint ventures using the equity method of accounting within equity accounted investments on the Consolidated Balance Sheets. Interests in associates and joint ventures accounted for using the equity method are initially recognized at cost. At the time of initial recognition, if the cost of the associate or joint venture is lower than the proportionate share of the investment’s underlying fair value, the company records a gain on the difference between the cost and the underlying fair value of the investment in net income. If the cost of the associate or joint venture is greater than the company’s proportionate share of the underlying fair value, goodwill relating to the associate or joint venture is included in the carrying amount of the investment. Subsequent to initial recognition, the carrying value of the company’s interest in an associate or joint venture is adjusted for the company’s share of comprehensive income and distributions of the investee. Profit and losses resulting from transactions with an associate or joint venture are recognized in the consolidated financial statements based on the interests of unrelated investors in the investee. The carrying value of associates or joint ventures is assessed for indicators of impairment at each balance sheet date. Impairment losses on equity accounted investments may be subsequently reversed in net income. Further information on the impairment of long-lived assets is available in Note 2(m).
Description of accounting policy for investments in joint operations [Text Block]	Joint Operations A joint operation is a joint arrangement whereby the parties that have joint control of the arrangement have rights to the assets, and obligations for the liabilities, related to the arrangement. Joint control is the contractually agreed sharing of control of an arrangement that exists only when decisions about the relevant activities require unanimous consent of parties sharing control. The company recognizes only its assets, liabilities and share of the results of operations of the joint operation. The assets, liabilities and results of joint operations are included within the respective line items of the Consolidated Balance Sheets, Consolidated Statements of Operations and Consolidated Statements of Comprehensive Income.
Description of accounting policy for foreign currency translation [text block]	) Foreign Currency Translation The U.S. dollar is the functional and presentation currency of the company. Each of the company’s subsidiaries, associates, joint ventures and joint operations determines its own functional currency and items included in the consolidated financial statements of each subsidiary, associate, joint venture and joint operation are measured using that functional currency. Assets and liabilities of foreign operations having a functional currency other than the U.S. dollar are translated at the rate of exchange prevailing at the reporting date and revenues and expenses at average rates during the period. Gains or losses on translation are accumulated as a component of equity. On the disposal of a foreign operation, or the loss of control, joint control or significant influence, the component of accumulated other comprehensive income relating to that foreign operation is reclassified to net income. Gains or losses on foreign currency-denominated balances and transactions that are designated as hedges of net investments in these operations are reported in the same manner. Foreign currency-denominated monetary assets and liabilities of the company are translated using the rate of exchange prevailing at the reporting date, and non-monetary assets and liabilities measured at fair value are translated at the rate of exchange prevailing at the date when the fair value was determined. Revenues and expenses are measured at average rates during the period. Gains or losses on translation of these items are included in net income. Gains or losses on transactions that hedge these items are also included in net income. Foreign currency denominated non-monetary assets and liabilities, measured at historic cost, are translated at the rate of exchange at the transaction date.
Description of accounting policy for determining components of cash and cash equivalents [text block]	) Cash and Cash Equivalents Cash and cash equivalents include cash on hand, demand deposits and highly liquid short-term investments with original maturities of three months or less.
Description of accounting policy for transactions with related parties [text block]	g) Related Party Transactions In the normal course of operations, the company enters into various transactions on market terms with related parties. The majority of transactions with related parties are between consolidated entities and eliminate on consolidation. The company and its subsidiaries may also transact with entities over which the company has significant influence or joint control. Amounts owed to and by associates and joint ventures are not eliminated on consolidation. The company’s subsidiaries with significant non-controlling interests are described in Note 4 and its associates and joint ventures are described in Note 10. In addition to our subsidiaries and equity accounted investments, we consider key management personnel, the Board of Directors and material shareholders to be related parties. See additional details in Note 27.
Description of accounting policy for investment property [text block]	i. Investment Properties The company uses the fair value method to account for real estate classified as investment properties. A property is determined to be an investment property when it is principally held either to earn rental income or for capital appreciation, or both. Investment properties also include properties that are under development or redevelopment for future use as investment property. Investment properties are initially measured at cost including transaction costs , or at fair value if acquired in a business combination . Subsequent to initial recognition, investment properties are carried at fair value. Gains or losses arising from changes in fair value are included in net income during the period in which they arise. Fair values are completed by undertaking one of two accepted approaches: (i) discounting the expected future cash flows, generally over a term of 10 years including a terminal value based on the application of a capitalization rate to estimated year 11 net operating income, typically used for our office, retail and logistics assets; or (ii) undertaking a direct capitalization approach for certain of our LP investments and directly held multifamily assets whereby a capitalization rate is applied to estimated stabilized annual net operating income. The future cash flows of each property are based upon, among other things, rental income from current leases and assumptions about rental income from future leases reflecting current conditions, less future cash outflows relating to such current and future leases. Commercial developments are also measured using a discounted cash flow model, net of costs to complete, as of the balance sheet date. Development sites in the planning phases are carried at cost.
Description of accounting policy for property, plant and equipment [text block]	ii. Property, Plant and Equipment The company uses the revaluation method of accounting for certain classes of property, plant and equipment (“PP&E”) as well as certain assets which are under development for future use as PP&E. PP&E measured using the revaluation method is initially measured at cost , or at fair value if acquired in a business combination, and subsequently carried at its revalued amount, being the fair value at the date of the revaluation less any subsequent accumulated depreciation and any accumulated impairment losses. Revaluations are performed on an annual basis at the end of each fiscal year, commencing in the first year subsequent to the date of acquisition, unless there is an indication that assets are impaired. Where the carrying amount of an asset increases as a result of a revaluation, the increase is recognized in other comprehensive income and accumulated in equity in revaluation surplus, unless the increase reverses a previously recognized revaluation loss recorded through net income, in which case that portion of the increase is recognized in net income. Where the carrying amount of an asset decreases, the decrease is recognized in other comprehensive income to the extent there is any balance existing in revaluation surplus in respect of the asset, with the remainder of the decrease recognized in net income. Depreciation of an asset commences when it is available for use. On loss of control or partial disposition of an asset measured using the revaluation method, all accumulated revaluation surplus or the portion disposed of, respectively, is transferred into retained earnings or ownership changes, respectively. PP&E held in our Private Equity segment, which include leasehold improvements, are measured at cost less accumulated depreciation and accumulated impairment losses, if any. Land is carried at cost whereas finite-life assets such as buildings and equipment are carried at cost less accumulated depreciation and accumulated impairment losses, if any. Depreciation is calculated on a systematic basis over the assets’ useful life. Depreciation methods and useful lives are reassessed at least annually regardless of the measurement method used. Renewable Power and Transition Renewable power and transition generally determines the fair value of its PP&E by using a 20-year discounted cash flow model for the majority of its assets. This model incorporates future cash flows from long-term power purchase agreements that are in place where it is determined that the power purchase agreements are linked specifically to the related power generating assets. The model also includes estimates of future electricity prices, anticipated long-term average generation, estimated operating and capital expenditures, and assumptions about future inflation rates and discount rates by geographical location. Depreciation on renewable power assets is calculated on a straight-line basis over the estimated service lives of the assets, which are as follows: (YEARS) Useful Lives Dams Up to 115 Penstocks Up to 60 Powerhouses Up to 115 Hydroelectric generating units Up to 115 Wind generating units Up to 30 Solar generating units Up to 35 Gas-fired cogenerating (“Cogeneration”) units Up to 40 Other assets Up to 60 Cost is allocated to the significant components of power generating assets, and each component is depreciated separately. The depreciation of PP&E in our Brazilian renewable power and transition operations is based on the duration of the authorization or the useful life of a concession. The weighted-average remaining duration at December 31, 2021, is 31 years (2020 – 32 years). Land rights are included as part of the concession or authorization and are subject to depreciation. Infrastructure Utilities, tran sport, midstream and data assets within our Infrastructure segment as well as assets under development classified as PP&E on the Consolidated Balance Sheets are accounted for using the revaluation method. The company determines the fair value of its utilities, transport, midstream and data assets using both the discounted cash flow and depreciated replacement cost methods, which include estimates of forecasted revenue, operating costs, maintenance and other capital expenditures. Valuations are performed internally on an annual basis. Discount rates are selected for each asset, giving consideration to the volatility and geography of its revenue streams. Depreciation on utilities, transport, midstream and data assets i s calculated on a straight-line or declining balance basis over the estimated service lives of the components of the assets, which are as follows: (YEARS) Useful Lives Buildings Up to 75 Transmission stations, towers and related fixtures Up to 40 Leasehold improvements Up to 50 Plant and equipment Up to 40 Network systems Up to 65 Track Up to 40 District energy systems Up to 50 Pipelines Up to 20 Gas storage assets Up to 50 The fair value and the estimated remaining service lives are reassessed annually. Public service concessions that provide the right to charge users for a service in which the service and fee is regulated by the grantor are accounted for as intangible assets. In our sustainable resources operations, land used in the production of standing timber, as well as bridges and buildings used in sustainable resources production, are accounted for using the revaluation method and included in PP&E. Bridges, buildings, vehicles and equipment are depreciated over their useful lives, generally 3 to 25 years. Real Estate – Hospitality Assets Hospitality operating assets within our Real Estate segment are classified as PP&E and are accounted for using the revaluation method. The company determines the fair value for these assets by using a depreciated replacement cost method based on the age, physical condition and the construction costs of the assets. Fair value of hospitality properties are also reviewed in reference to each hospitality asset’s enterprise value which is determined using a discounted cash flow model. Depreciation on hospitality assets is calculated on a straight-line basis over the estimated useful lives of each component of the asset as follows: (YEARS) Useful Lives Building and building improvements 2 to 50+ Land improvements 15 Furniture, fixtures and equipment 1 to 10 Private Equity The company accounts for its private equity PP&E using the cost model. Costs include expenditures that are directly attributable to the acquisition of the asset. Depreciation of an asset commences when it is available for use. PP&E is depreciated for each component of the following asset classes as follows: a) On a straight-line basis (YEARS) Useful Lives Buildings Up to 50 Leasehold improvements Up to 40 Machinery and equipment Up to 30 Vessels Up to 35 b) Not on a straight-line basis (YEARS) Useful Lives Oil and gas related equipment Units of production
Description of accounting policy for measuring inventories [text block]	iii. Inventory Private Equity Fuel inventories within our Private Equity segment are traded in active markets and are purchased with the view to resell in the near future, generating a profit from fluctuations in prices or margins. As a result, fuel inventories are carried at market value by reference to prices in a quoted active market, in accordance with the commodity broker-trader exemption granted by IAS 2, Inventories. Changes in fair value less costs to sell are recognized in the Consolidated Statements of Operations through direct costs. Fuel products that are held for extended periods in order to benefit from future anticipated increases in fuel prices or located in territories where no active market exists are recognized at the lower of cost and net realizable value. Products and chemicals used in the production of biofuels are valued at the lower of cost and net realizable value. Real Estate Develop-for-sale multifamily projects, residential development lots, homes and residential condominium projects are recorded in inventory. Residential development lots are recorded at the lower of cost, which includes pre-development expenditures and capitalized borrowing costs and net realizable value, which the company determines as the estimated selling price of the inventory in the ordinary course of business in its completed state, less estimated expenses, including holding costs, costs to complete and costs to sell. Homes and other properties held for sale, which include properties subject to sale agreements, are recorded at the lower of cost and net realizable value in inventory. Costs are allocated to the salable acreage of each project or subdivision in proportion to the anticipated revenue. Residential Development Inventories consist of land held for development, land under development, homes under construction, completed homes and model homes. In addition to direct land acquisitions, land development and improvement costs and home construction costs, costs also include interest, real estate taxes and direct overhead related to development and construction, which are capitalized to inventory during the period beginning with the commencement of development and ending with the completion of construction or development. Indirect costs are allocated to homes or lots based on the number of units in a community. Land and housing assets are recorded at the lower of cost and net realizable value, which the company determines as the estimated selling price of the inventory in the ordinary course of business in its completed state, less estimated expenses, including holding costs, costs to complete and costs to sell.
Description of accounting policy for fair value measurement [text block]	) Fair Value Measurement Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date, regardless of whether that price is directly observable or estimated using another valuation technique. In estimating the fair value of an asset or a liability, the company takes into account the characteristics of the asset or liability if market participants would take those characteristics into account when pricing the asset or liability at the measurement date. Fair value measurement is disaggregated into three hierarchical levels: Level 1, 2 or 3. Fair value hierarchical levels are directly based on the degree to which the inputs to the fair value measurement are observable. The levels are as follows: Level 1: Inputs are unadjusted, quoted prices in active markets for identical assets or liabilities at the measurement date. Level 2: Inputs (other than quoted prices included in Level 1) are either directly or indirectly observable for the asset or liability through correlation with market data at the measurement date and for the duration of the asset or liability’s anticipated life. Level 3: Inputs are unob servable and reflect management’s best estimate of what market participants would use in pricing the asset or liability at the measurement date. Consideration is given to the risk inherent in the valuation technique and the risk inherent in the inputs in determining the estimate. Refer to the investment properties and revaluation of PP&E explanations for the approach taken to determine the fair value of these operating assets.
Description of accounting policy for trade and other receivables [text block]	) Accounts Receivable Trade receivables are recognized initially at fair value and subsequently measured at amortized cost using the effective interest method, less an allowance for expected credit losses for uncollectability.
Description of accounting policy for intangible assets other than goodwill [text block]	) Intangible Assets Finite life intangible assets are carried at cost less any accumulated amortization and any accumulated impairment losses and are amortized on a straight-line basis over their estimated useful lives. Amortization is recorded within direct costs in the Consolidated Statements of Operations. Certain of the company’s intangible assets have an indefinite life as there is no foreseeable limit to the period over which the asset is expected to generate cash flows. Indefinite life intangible assets are recorded at cost unless an impairment is identified which requires a write-down to its recoverable amount. Indefinite life intangible assets are evaluated for impairment annually or more often if events or circumstances indicate there may be an impairment. Any impairment of the company’s indefinite life intangible assets is recorded in net income in the period in which the impairment is identified. Impairment losses on intangible assets may be subsequently reversed in net income. Infrastructure Intangible assets within our Infrastructure segment primarily consist of conservancy rights, service concession arrangements, customer order backlogs, track access rights, operating network agreements and customer contracts and relationships. Concession arrangements, accounted for as intangible assets under IFRIC 12, Service Concession Arrangements (“IFRIC 12”), were mostly acquired through acquisitions of gas transmission, electricity transmission and toll road businesses and are amortized on a straight-line basis over the term of the arrangement. The intangible assets at the Brazilian regulated gas transmission operation and Brazilian electricity transmission operation relate to concession contracts. For our Brazilian regulated gas transmission operation, the concession arrangement provides the operation with the right to operate the asset perpetually. As a result, the intangible asset is amortized over its estimated useful life. For our Brazilian electricity transmission operation, the intangible asset is amortized on a straight-line basis over the life of the contractual arrangement. The intangible assets at the Indian and Peruvian toll roads relate to the right to operate a road and charge users a specified tariff for a contractual length of time and is amortized over the life of the contractual arrangement with an average of 15 and 21 years remaining, respectively. Refer to Note 13 of the consolidated financial statements for additional information on these concession arrangements. The intangible assets at our residential infrastructure operation are comprised of contractual customer relationships, customer contracts, proprietary technology and brands. The contractual customer relationships and customer contracts represent ongoing economic benefits from leasing customers and annuity-based management agreements. Proprietary technology is recognized for the development of new metering technology, which allows the business to generate revenue through its sub-metering business. Brands represent the intrinsic value customers place on the operation’s various brand names. Private Equity Our Private Equity segment includes intangible assets across a number of operating companies. The majority are finite life intangible assets that are amortized on a straight-line basis over the following useful lives: (YEARS) Useful Lives Water and sewage concession agreements Up to 40 Brand names Up to 20 Computer software Up to 10 Customer relationships Up to 30 Value of insurance contracts acquired Up to 15 Patents and trademarks Up to 40 Proprietary technology Up to 20 Product development costs Up to 5 Distribution networks Up to 25 Loyalty program Up to 15 Real Estate Intangible assets in our Real Estate segment are primarily trademarks associated with hospitality assets. These trademarks have indefinite lives.
Description of accounting policy for goodwill [text block]	) Goodwill Goodwill represents the excess of the price paid for the acquisition of an entity over the fair value of the net identifiable tangible and intangible assets and liabilities acquired. Goodwill is allocated to the cash-generating unit to which it relates. The company identifies cash-generating units as identifiable groups of assets that are largely independent of the cash inflows from other assets or groups of assets.Goodwill is evaluated for impairment annually or more often if events or circumstances indicate there may be an impairment. Impairment is determined for goodwill by assessing if the carrying value of a cash-generating unit, including the allocated goodwill, exceeds its recoverable amount determined as the greater of the estimated fair value less costs to sell and the value in use. Impairment losses recognized in respect of a cash-generating unit are first allocated to the carrying value of goodwill and any excess is allocated to the carrying amount of assets in the cash-generating unit. Any goodwill impairment is recorded in income in the period in which the impairment is identified. Impairment losses on goodwill are not subsequently reversed. On disposal of a subsidiary, any attributable amount of goodwill is included in determination of the gain or loss on disposal.
Description of accounting policy for impairment of assets [text block]	) Impairment of Long-Lived Assets At each balance sheet date or more often if events or circumstances indicate there may be impairment, the company assesses whether its assets, other than those measured at fair value with changes in value recorded in net income, have any indication of impairment. An impairment is recognized if the recoverable amount, determined as the higher of the estimated fair value less costs of disposal and the discounted future cash flows generated from use and eventual disposal from an asset or cash-generating unit, is less than their carrying value. Impairment losses are recorded as fair value changes within the Consolidated Statements of Operations. The projections of future cash flows take into account the relevant operating plans and management’s best estimate of the most probable set of conditions anticipated to prevail. Where an impairment loss subsequently reverses, the carrying amount of the asset or cash-generating unit is increased to the lesser of the revised estimate of its recoverable amount and the carrying amount that would have been recorded had no impairment loss been recognized previously.
Description of accounting policy for subsidiary equity obligations [Text Block]	Subsidiary Equity Obligations Subsidiary equity obligations include subsidiary preferred equity units, subsidiary preferred shares and capital securities as well as limited-life funds and redeemable fund units. Subsidiary preferred equity units and capital securities are preferred shares that may be settled by a variable number of common equity units upon their conversion by the holders or the company. These instruments, as well as the related accrued distributions, are classified as liabilities at amortized cost on the Consolidated Balance Sheets. Dividends or yield distributions on these instruments are recorded as interest expense. To the extent conversion features are not closely related to the underlying liability the instruments are bifurcated into debt and equity components. Limited-life funds represent the interests of others in the company’s consolidated funds that have a defined maximum fixed life where the company has an obligation to distribute the residual interests of the fund to fund partners based on their proportionate share of the fund’s equity in the form of cash or other financial assets at cessation of the fund’s life. Redeemable fund units represent interests of others in consolidated subsidiaries that have a redemption feature that requires the company to deliver cash or other financial assets to the holders of the units upon receiving a redemption notice.
Description of accounting policy for recognition of revenue [text block]	) Revenue from Contracts with Customers IFRS 15, Revenue from Contracts with Customers (“IFRS 15”), specifies how and when revenue should be recognized and requires disclosures about the nature, amount, timing and uncertainty of revenues and cash flows arising from customer contracts. Where available, the company has elected the practical expedient available under IFRS 15 for measuring progress toward complete satisfaction of performance obligation and for disclosure requirements of remaining performance obligations. This permits the company to recognize revenue in the amount to which we have the right to invoice such that the company has a right to the consideration in an amount that corresponds directly with the value to the customer for performance completed to date. Revenue Recognition Policies by Segment Revenue is measured based on the consideration specified in a contract with a customer and excludes amounts collected on behalf of third parties. A performance obligation is a promise in a contract to transfer a distinct good or service (or a bundle of goods and services) to the customer and is the unit of account in IFRS 15. A contract’s transaction price is allocated to each distinct performance obligation and recognized as revenue, as, or when, the performance obligation is satisfied. The company recognizes revenue when it transfers control of a product or service to a customer. The company recognizes revenue from the following major sources: Asset Management The company’s primary asset management revenue streams, which include base management fees, incentive fees (including incentive distributions and performance fees) and realized carried interest, are satisfied over time. A significant portion of our asset management revenue is inter-segment in nature and thus eliminated on consolidation; that which survives is recorded as revenue in the Consolidated Statements of Operations. The company earns base management fees in accordance with contractual arrangements with our long-term private funds, perpetual strategies and liquid securities’ investment vehicles. Fees are typically equal to a percentage of fee-bearing capital within the respective fund or entity and are accrued quarterly. These fees are earned over the period of time that the management services are provided and are allocated to the distinct services provided by the company during the reporting period. Incentive distributions and performance fees are incentive payments to reward the company for meeting or exceeding certain performance thresholds of managed entities. Incentive distributions, paid to us by certain of our perpetual affiliates, are determined by contractual arrangements and represent a portion of distributions paid by the perpetual affiliates above a predetermined hurdle. They are accrued as revenue on the respective affiliates’ distribution record dates if that hurdle has been achieved. BBU pays performance fees if the growth in its unit price exceeds a predetermined threshold, with the unit price based on the quarterly volume-weighted average price of publicly traded units. These fees are accrued on a quarterly basis subject to the performance of the listed vehicle. Carried interest is a performance fee arrangement in which we receive a percentage of investment returns, generated within a private fund on carry eligible capital, based on a contractual formula. We are eligible to earn carried interest from a fund once returns exceed the fund’s contractually defined performance hurdles at which point we earn an accelerated percentage of the additional fund profit until we have earned the percentage of total fund profit, net of fees and expenses, to which we are entitled. We recognize this carried interest when a fund’s cumulative returns are in excess of preferred returns and when it is highly probable that a significant reversal will not occur, which are generally met when an underlying fund investment is profitably disposed of. Typically carried interest is not recognized as revenue until the fund is near the end of its life. Renewable Power and Transition Revenue is earned by selling electricity sourced from our power generating facilities. It is derived from the output delivered and capacity provided at rates specified under contract terms or at prevailing market rates if the sale is uncontracted. Performance obligations are satisfied over time as the customer simultaneously receives and consumes benefits as we deliver electricity and related products. We also sell power and related products under bundled arrangements. Energy, capacity and renewable credits within power purchase agreements (“PPA”) are considered to be distinct performance obligations. A contract’s transaction price is allocated to each distinct performance obligation and recognized as revenue over time as the performance obligation is satisfied. The sale of energy and capacity are distinct goods that are substantially the same and have the same pattern of transfer as measured by the output method. Renewable credits are performance obligations satisfied at a point in time. Measurement of satisfaction and transfer of control to the customer of renewable credits in a bundled arrangement coincides with the pattern of revenue recognition of the underlying energy generation. Infrastructure Our infrastructure revenue is predominantly recognized over time as services are rendered. Performance obligations are satisfied based on actual usage or throughput depending on the terms of the arrangement. Contract progress is determined using a cost-to-cost input method. Any upfront payments that are separable from the recurring revenue are recognized over time for the period the services are provided. In addition, we have certain contracts where we earn revenue at a point in time when control of the product ultimately transfers to the customer, which for our sustainable resources operations coincides with product delivery. Private Equity Revenue from our Private Equity segment primarily consists of: (i) sale of goods or products which is recognized as revenue when the product is shipped and title passes to the customer; and (ii) the provision of services which are recognized as revenue over the period of time that they are provided. Revenue recognized over a period of time is determined using the cost-to-cost input method to measure progress towards complete satisfaction of the performance obligations as the work performed on the contracts creates or enhances an asset that is controlled by the customer. As work is performed, a contract asset in the form of contracts-in-progress is recognized, which is reclassified to accounts receivable when invoiced to the customer. If payment is received in advance of work being completed, a contract liability is recognized. Variable consideration, such as claims, incentives and variations resulting from contract modifications, is only recognized in the transaction price to the extent that it is highly probable that a significant reversal in the amount of revenue recognized will not occur when the uncertainty associated with the variable consideration is subsequently resolved. Real Estate Revenue from hospitality operations is generated by providing accommodation, food and beverage and leisure facilities to hotel guests. Revenue from accommodation is recognized over the period that the guest stays at the hotel; food and beverage revenue as well as revenue from leisure activities is recognized when goods and services are provided. Real estate rental income is recognized in accordance with IFRS 16, Leases. As the company retains substantially all the risks and benefits of ownership of its investment properties, it accounts for leases with its tenants as operating leases and begins recognizing revenue when the tenant has a right to use the leased asset. The total amount of contractual rent to be received from operating leases is recognized on a straight-line basis over the term of the lease; a straight-line or free rent receivable, as applicable, is recorded as a component of investment property representing the difference between rental revenue recorded and the contractual amount received. Percentage participating rents are recognized when tenants’ specified sales targets have been met. Residential Development Revenue from residential land sales, sales of homes and the completion of residential condominium projects is recognized at the point in time when our performance obligations are met. Performance obligations are satisfied when we transfer title over a product to a customer and all material conditions of the sales contract have been met. If title of a property transfers but material future development is required, revenue will be delayed until the point in time at which the remaining performance obligations are satisfied. Corporate Activities and Other Dividend and interest income from other financial assets are recognized as revenue when declared or on an accrual basis using the effective interest method, in accordance with IFRS 9, Financial Instruments (“IFRS 9”). Interest revenue from loans and notes receivable, less a provision for uncollectable amounts, is recorded on the accrual basis using the effective interest method, in accordance with IFRS 9.
Description of accounting policy for financial instruments	) Financial Instruments Classification of Financial Instruments The company classifies its financial assets as fair value through profit and loss (“FVTPL”), fair value through other comprehensive income (“FVTOCI”) and amortized cost according to the company’s business objectives for managing the financial assets and based on the contractual cash flow characteristics of the financial asset. The company classifies its financial liabilities as amortized cost or FVTPL. • Financial instruments that are not held for the sole purpose of collecting contractual cash flows are classified as FVTPL and are initially recognized at their fair value and are subsequently measured at fair value at each reporting date. Gains and losses recorded on each revaluation date are recognized within profit or loss. Transaction costs of financial assets classified as FVTPL are expensed in profit or loss. • Financial assets classified as FVTOCI are initially recognized at their fair value and are subsequently measured at fair value at each reporting date. The cumulative gains or losses related to FVTOCI equity instruments are not reclassified to profit or loss on disposal, whereas the cumulative gains or losses on all other FVTOCI assets are reclassified to profit or loss on disposal, when there is a significant or prolonged decline in fair value or when the company acquires a controlling or significant interest in the underlying investment and commences equity accounting or consolidating the investment . The cumulative gains or losses on all FVTOCI liabilities are reclassified to profit or loss on disposal. • Financial instruments that are held for the purpose of collecting contractual cash flows that are solely payments of principal and interest are classified as amortized cost and are initially recognized at their fair value and are subsequently measured at amortized cost using the effective interest rate method. Transaction costs of financial instruments classified as amortized cost are capitalized and amortized in profit or loss on the same basis as the financial instrument. Expected credit losses associated with debt instruments carried at amortized cost and FVTOCI are assessed on a forward-looking basis. The impairment methodology applied depends on whether there has been a significant increase in credit risk since initial recognition. Impairment charges are recognized in profit or loss based on the expected credit loss model. The following table presents the types of financial instruments held by the company within each financial instrument classification: Financial Instrument Type Measurement Financial Assets Cash and cash equivalents Amortized cost Other financial assets Government bonds FVTOCI Corporate bonds FVTPL, FVTOCI, Amortized cost Fixed income securities and other FVTPL, FVTOCI, Amortized cost Common shares and warrants FVTPL, FVTOCI Loan and notes receivable FVTPL, Amortized cost Accounts receivable and other 1 FVTPL, Amortized cost Financial Liabilities Corporate borrowings Amortized cost Non-recourse borrowings of managed entities Property-specific borrowings Amortized cost Subsidiary borrowings Amortized cost Accounts payable and other 1 FVTPL, Amortized cost Subsidiary equity obligations FVTPL, Amortized cost 1. Includes derivative instruments. Other Financial Assets Other financial assets are recognized on their trade date and initially recorded at fair value with changes in fair value recorded in net income or other comprehensive income in accordance with their classification. Fair values of financial instruments are determined by reference to quoted bid or ask prices, as appropriate. Where bid and ask prices are unavailable, the closing price of the most recent transaction of that instrument is used. Other financial assets also include loans and notes receivable which are recorded initially at fair value and, with the exception of loans and notes receivable designated as FVTPL, are subsequently measured at amortized cost using the effective interest method, less any applicable provision for impairment. A provision for impairment is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables. Loans and receivables designated as FVTPL are recorded at fair value, with changes in fair value recorded in net income in the period in which they arise. Allowance for Credit Losses For financial assets classified as amortized cost or debt instruments as FVTOCI, at each reporting period, the company assesses if there has been a significant increase in credit risk since the asset was originated to determine if a 12-month expected credit loss or a life-time expected credit loss should be recorded regardless of whether there has been an actual loss event. The company uses unbiased, probability-weighted loss scenarios which consider multiple loss scenarios based on reasonable and supportable forecasts in order to calculate the expected credit losses. The company assesses the carrying value of FVTOCI and amortized cost securities for impairment when there is objective evidence that the asset is impaired such as when an asset is in default. Impaired financial assets continue to record life-time expected credit losses; however interest revenue is calculated based on the net amortized carrying amount after deducting the loss allowance. When objective evidence of impairment exists, l osses arising from impairment are reclassified from accumulated other comprehensive income to net income. Derivative Financial Instruments and Hedge Accounting The company selectively utilizes derivative financial instruments primarily to manage financial risks, including interest rate, commodity and foreign exchange risks. Derivative financial instruments are recorded at fair value within the company’s consolidated financial statements. Hedge accounting is applied when the derivative is designated as a hedge of a specific exposure and there is assurance that it will continue to be effective as a hedge based on an expectation of offsetting cash flows or fair values. Hedge accounting is discontinued prospectively when the derivative no longer qualifies as a hedge or the hedging relationship is terminated. Once discontinued, the cumulative change in fair value of a derivative that was previously recorded in other comprehensive income by the application of hedge accounting is recognized in net income over the remaining term of the original hedging relationship. The assets or liabilities relating to unrealized mark-to-market gains and losses on derivative financial instruments are recorded in accounts receivable and other or accounts payable and other, respectively. Items Classified as Hedges Realized and unrealized gains and losses on foreign exchange contracts designated as hedges of currency risks relating to a net investment in a subsidiary or an associate are included in equity. Gains or losses are reclassified into net income in the period in which the subsidiary or associate is disposed of or to the extent that the hedges are ineffective. Where a subsidiary is partially disposed, and control is retained, any associated gains or costs are reclassified within equity as ownership changes. Derivative financial instruments that are designated as hedges to offset corresponding changes in the fair value of assets and liabilities and cash flows are measured at their estimated fair value with changes in fair value recorded in net income or as a component of equity, as applicable. Unrealized gains and losses on interest rate contracts designated as hedges of future variable interest payments are included in equity as a cash flow hedge when the interest rate risk relates to an anticipated variable interest payment. The periodic exchanges of payments on interest rate swap contracts designated as hedges of debt are recorded on an accrual basis as an adjustment to interest expense. The periodic exchanges of payments on interest rate contracts designated as hedges of future interest payments are amortized into net income over the term of the corresponding interest payments. Unrealized gains and losses on electricity contracts designated as cash flow hedges of future power generation revenue are included in equity as a cash flow hedge. The periodic exchanges of payments on power generation commodity swap contracts designated as hedges are recorded on a settlement basis as an adjustment to power generation revenue. Items Not Classified as Hedges Derivative financial instruments that are not designated as hedges are carried at their estimated fair value, and gains and losses arising from changes in fair value are recognized in net income in the period in which the change occurs. Realized and unrealized gains and losses on equity derivatives used to offset changes in share prices in respect of vested deferred share units and restricted share units are recorded together with the corresponding compensation expense. Realized and unrealized gains on other derivatives not designated as hedges are recorded in revenues, direct costs or corporate costs, as applicable. Realized and unrealized gains and losses on derivatives which are considered economic hedges, and where hedge accounting is not able to be elected, are recorded in fair value changes in the Consolidated Statements of Operations.
Description of accounting policy for income tax [text block]	) Income Taxes Current income tax assets and liabilities are measured at the amount expected to be paid to tax authorities, net of recoveries, based on the tax rates and laws enacted or substantively enacted at the balance sheet date. Current and deferred income tax relating to items recognized directly in equity are also recognized in equity. Deferred income tax liabilities are provided for using the liability method on temporary differences between the tax bases and carrying amounts of assets and liabilities. Deferred income tax assets are recognized for all deductible temporary differences and for the carry forward of unused tax credits and unused tax losses, to the extent that it is probable that deductions, tax credits and tax losses can be utilized. The carrying amount of deferred income tax assets is reviewed at each balance sheet date and reduced to the extent it is no longer probable that the income tax assets will be recovered. Deferred income tax assets and liabilities are measured using the tax rates that are expected to apply to the year when the asset is realized or the liability settled, based on the tax rates and laws that have been enacted or substantively enacted at the balance sheet date.
Description of accounting policy for business combinations [text block]	) Business Combinations Business combinations are accounted for using the acquisition method. The cost of a business acquisition is measured at the aggregate of the fair values at the date of exchange of assets given, liabilities incurred or assumed, and equity instruments issued in exchange for control of the acquiree. The acquiree’s identifiable assets, liabilities and contingent liabilities are recognized at their fair values at the acquisition date, except for non-current assets that are classified as held for sale which are recognized and measured at fair value less costs to sell. The interest of non-controlling shareholders in the acquiree is initially measured at the non-controlling shareholders’ proportion of the net fair value of the identifiable assets, liabilities and contingent liabilities recognized. To the extent the fair value of consideration paid exceeds the fair value of the net identifiable tangible and intangible assets, the excess is recorded as goodwill. To the extent the fair value of consideration paid is less than the fair value of net identifiable tangible and intangible assets, the excess is recognized in net income.
Description of accounting policy for leases [text block]	) Leases The company accounts for leases under IFRS 16 Leases (“IFRS 16”). Under IFRS 16, the company must assess whether a contract is, or contains, a lease at inception of the contract. A contract is, or contains, a lease if it conveys the right to control the use of an identified asset for a period of time in exchange for consideration. Control exists if a customer can make the important decisions governing the use of an asset specified in a contract similar to decisions made over assets owned by the business. The company has elected to not allocate contract consideration between lease and non-lease components, but rather account for each lease and non-lease component as a single lease component. This election is made by asset class. For lessors, a lease shall be classified as either a finance or operating lease on commencement of the lease contract. If the contract represents a finance lease in which the risk and rewards of ownership have transferred to the lessee, a lessor shall recognize a finance lease receivable at an amount equal to the net investment in the lease discounted using the interest rate implicit in the lease. Subsequently, finance income is recognized at a constant rate on the net investment of the finance lease. Lease payments received from operating leases shall be recognized into income on a straight-line or other systematic basis. For lessees, the company recognizes a right-of-use (“ROU”) asset and lease liability at the lease commencement date. The ROU asset is initially measured based on the calculated lease liability plus initial direct costs incurred by the lessee, estimates to dismantle and restore the underlying asset at the end of the lease term and lease payments made net of incentives received at or before the lease commencement date. It is classified as either investment PP&E, or inventory depending on the nature of the asset and is subsequently accounted for consistently with owned assets within the respective asset classes with the exception of PP&E. Unlike most of the company’s owned assets within PP&E, lease assets classified within PP&E are subsequently measured applying the cost method rather than the revaluation method. The ROU asset is depreciated applying a straight-line method or other systematic basis over the shorter of the useful life of the underlying asset or the term of the lease. Lease contracts often include an option to extend the term of the lease and such extensions are factored into the lease term if the company is reasonably certain to exercise that option. ROU assets are tested for impairment in accordance with IAS 36, Impairment of Assets . Refer to Note 2(h) for additional details of our accounting policies governing investment properties, PP&E and inventory. Lease liabilities are classified within accounts payable and other and are recognized at the commencement of the lease, initially measured at the present value of future lease payments not paid as at the commencement date, discounted using the interest rate implicit in the lease, or the lessee’s incremental borrowing rate if the implicit rate cannot be readily determined. Lease liabilities are subsequently measured at amortized cost by applying the effective interest method. Lease liabilities are remeasured if there is reassessment of the timing or amount of future lease payments arising from a change in an index or rate, revisions to estimates of the lease term or residual value guarantee, or a change in the assessment of an option to purchase the underlying asset. Such remeasurements of the lease liability are generally recognized as an adjustment to the ROU asset unless further reduction in the measurement of the lease liability would reduce a ROU asset below zero, in which case it is recorded in the Consolidated Statements of Operations. Variable rents that do not depend on an index or rate are not included in the measurement of the lease liability and the ROU asset. The related payments are recognized as an expense in the period in which the event or condition that triggers those payments occurs and are classified within direct costs in the Consolidated Statements of Operations. We are applying certain practical expedients as permitted by the standard; specifically, we have elected to apply practical expedients associated with short-term and low-value leases that allow the company to record operating expenses on such leases on a straight-line basis without having to capitalize the lease arrangement. We have also applied a number of critical judgments in applying this standard, including: i) identifying whether a contract (or part of a contract) includes a lease; ii) determining whether it is reasonably certain that lease extension or termination options will be exercised in determining the lease term; and iii) determining whether variable payments are in-substance fixed. Critical estimates used in the application of IFRS 16 include estimating the lease term and determining the appropriate rate at which to discount the lease payments.
Description of Accounting Policy For Capitalized Costs [Policy Text Block]	i. Capitalized Costs Capitalized costs related to assets under development and redevelopment include all eligible expenditures incurred in connection with the acquisition, development and construction of the asset until it is available for its intended use. These expenditures consist of costs that are directly attributable to these assets.
Description of accounting policy for share-based payment transactions [text block]	ii. Share-based Payments The company issues share-based awards to certain employees and non-employee directors. The cost of equity-settled share-based transactions, comprised of share options, restricted shares and escrowed shares, is determined as the fair value of the award on the grant date using a fair value model. The cost of equity-settled share-based transactions is recognized as each tranche vests and is recorded in contributed surplus as a component of equity. The cost of cash-settled share-based transactions, comprised of Deferred Share Units (“DSUs”) and Restricted Share Units (“RSUs”), is measured as the fair value at the grant date, and expensed on a proportionate basis consistent with the vesting features over the vesting period with the recognition of a corresponding liability. The liability is recorded as a provision within accounts payable and other on the Consolidated Balance Sheets and measured at each reporting date at fair value with changes in fair value recognized in net income.
Description of accounting policy for provisions [text block]	iii. Provisions A provision is a liability of uncertain timing that is recognized when the company has a present obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation and a reliable estimate can be made of the amount of the obligation. The company’s significant provisions consist of pensions and other long-term and post-employment benefits, warranties on some products or services, obligations to retire or decommission tangible long-lived assets and the cost of legal claims arising in the normal course of operations. a. Pensions and Other Post-Employment Benefits The company offers pension and other post-employment benefit plans to employees of certain of its subsidiaries, with certain of these subsidiaries offering defined benefit plans. Defined benefit pension expenses, which include the current year’s service cost, are included in direct costs. For each defined benefit plan, we recognize the present value of our defined benefit obligations less the fair value of the plan assets as a defined benefit liability reported within accounts payable and other on the Consolidated Balance Sheets. The company’s obligations under its defined benefit pension plans are determined periodically through the preparation of actuarial valuations. b. Other Long-Term Incentive Plans The company provides long-term incentive plans to certain employees whereby the company allocates a portion of the amounts realized through subsidiary profit-sharing agreements to its employees. The cost of these plans is recognized over the requisite service period, provided it is probable that the vesting conditions will be achieved, based on the underlying subsidiary profit sharing arrangement. The liability is recorded within accounts payable and other and measured at each reporting date with the corresponding expense recognized in direct costs in the Consolidated Statements of Operations. c. Warranties, Asset Retirement, Legal and Other Certain consolidated entities offer warranties on the sale of products or services. A provision is recorded to provide for future warranty costs based on management’s best estimate of probable warranty claims. Certain consolidated entities have legal obligations to retire tangible long-lived assets. A provision is recorded at each reporting date to provide for the estimated fair value of the asset retirement obligation upon decommissioning of the asset period.
Disclosure of accounting judgements and estimates [text block]	) Critical Estimates and Judgments The preparation of financial statements requires management to make estimates and judgments that affect the carried amounts of certain assets and liabilities, disclosures of contingent assets and liabilities and the reported amounts of revenues and expenses recorded during the period. Actual results could differ from those estimates. In making estimates and judgments, management relies on external information and observable conditions, where possible, supplemented by internal analysis as required. These estimates and judgments have been applied in a manner consistent with prior periods and there are no known trends, commitments, events or uncertainties that the company believes will materially affect the methodology or assumptions utilized in making estimates and judgments in these consolidated financial statements. i. Critical Estimates The significant estimates used in determining the recorded amount for assets and liabilities in the consolidated financial statements include the following: a. Investment Properties The critical assumptions and estimates used when determining the fair value of commercial properties are: discount rates and terminal capitalization rates for properties valued using a discounted cash flow model and capitalization rates for properties valued using a direct capitalization approach. Management also uses assumptions and estimates in determining expected future cash flows in discounted cash flow models and stabilized net operating income used in values determined using the direct capitalization approach. Properties under development are recorded at fair value using a discounted cash flow model which includes estimates in respect of the timing and cost to complete the development. Further information on investment property estimates is provided in Note 11. b. Revaluation Method for Property, Plant and Equipment When determining the carrying value of PP&E using the revaluation method, the company uses the following critical assumptions and estimates: the timing of forecasted revenues; future sales prices and associated expenses; future sales volumes; future regulatory rates; maintenance and other capital expenditures; discount rates; terminal capitalization rates; terminal valuation dates; useful lives; and residual values. Determination of the fair value of PP&E under development includes estimates in respect of the timing and cost to complete the development. Further information on estimates used in the revaluation method for PP&E is provided in Note 12. c. Financial Instruments Estimates and assumptions used in determining the fair value of financial instruments are: equity and commodity prices; future interest rates; the credit worthiness of the company relative to its counterparties; the credit risk of the company’s counterparties; estimated future cash flows; the amount of the liability and equity components of compound financial instruments; discount rates and volatility utilized in option valuations. Further information on estimates used in determining the carrying value of financial instruments is provided in Notes 6 and 25. d. Inventory The company estimates the net realizable value of its inventory using estimates and assumptions about future development costs, costs to hold and future selling costs. e. Other Other estimates and assumptions utilized in the preparation of the company’s consolidated financial statements are: the assessment or determination of net recoverable amount; oil and gas reserves; depreciation and amortization rates and useful lives; estimation of recoverable amounts of cash-generating units for impairment assessments of goodwill and intangible assets; ability to utilize tax losses and other tax measurements; fair value of assets held as collateral and the percentage of completion for construction contracts. ii. Critical Judgments Management is required to make critical judgments when applying its accounting policies. The following judgments have the most significant effect on the consolidated financial statements: a. Control or Level of Influence When determining the appropriate basis of accounting for the company’s investees, the company makes judgments about the degree of influence that it exerts directly or through an arrangement over the investees’ relevant activities. This may include the ability to elect investee directors or appoint management. Control is obtained when the company has the power to direct the relevant investing, financing and operating decisions of an entity and does so in its capacity as principal of the operations, rather than as an agent for other investors. Operating as a principal includes having sufficient capital at risk in any investee and exposure to the variability of the returns generated as a result of the decisions of the company as principal. Judgment is used in determining the sufficiency of the capital at risk or variability of returns. In making these judgments, the company considers the ability of other investors to remove the company as a manager or general partner in a controlled partnership. b. Investment Properties When applying the company’s accounting policy for investment properties, judgment is applied in determining whether certain costs are additions to the carrying amount of the property and, for properties under development, identifying the point at which practical completion of the property occurs and identifying the directly attributable borrowing costs to be included in the carrying value of the development property. c. Property, Plant and Equipment The company’s accounting policy for its PP&E requires critical judgments over the assessment of carrying value, whether certain costs are additions to the carrying amount of the PP&E as opposed to repairs and maintenance, and for assets under development the identification of when the asset is capable of being used as intended and identifying the directly attributable borrowing costs to be included in the asset’s carrying value. For assets that are measured using the revaluation method, judgment is required when estimating future prices, volumes, discount and capitalization rates. Judgment is applied when determining future electricity prices considering broker quotes for the years in which there is a liquid market available and, for the subsequent years, our best estimate of electricity prices from renewable sources that would allow new entrants into the market . d. Identifying Performance Obligations for Revenue Recognition Management is required to identify performance obligations relating to contracts with customers at the inception of each contract. IFRS 15 requires a contract’s transaction price to be allocated to each distinct performance obligation and subsequently recognized into income when, or as, the performance obligation is satisfied. Judgment is used when assessing the pattern of delivery of the product or service to determine if revenue should be recognized at a point in time or over time. For certain service contracts recognized over time, judgment is required to determine if revenue from variable consideration such as incentives, claims and variations from contract modifications has met the required probability threshold to be recognized. Management also uses judgment to determine whether contracts for the sale of products and services have distinct performance obligations that should be accounted for separately or as a single performance obligation. Goods and services are considered distinct if: (1) a customer can benefit from the good or service either on its own or together with other resources that are readily available to the customer; and (2) the entity’s promise to transfer the good or service to the customer is separately identifiable from other promises in the contract. Additional details about revenue recognition policies across our operating segments are included in Note 2(o) of the consolidated financial statements. e. Common Control Transactions The purchase and sale of businesses or subsidiaries between entities under common control are not specifically addressed in IFRS and accordingly, management uses judgment when determining a policy to account for such transactions taking into consideration other guidance in the IFRS framework and pronouncements of other standard-setting bodies. The company’s policy is to record assets and liabilities recognized as a result of transfers of businesses or subsidiaries between entities under common control at carrying value. Differences between the carrying amount of the consideration given or received and the carrying amount of the assets and liabilities transferred are recorded directly in equity. f. Indicators of Impairment Judgment is applied when determining whether indicators of impairment exist when assessing the carrying values of the company’s assets, including: the determination of the company’s ability to hold financial assets; the estimation of a cash-generating unit’s future revenues and direct costs; the determination of discount and capitalization rates; and when an asset’s carrying value is above the value derived using publicly traded prices which are quoted in a liquid market. g. Income Taxes The company makes judgments when determining the future tax rates applicable to subsidiaries and identifying the temporary differences that relate to each subsidiary. Deferred income tax assets and liabilities are measured at the tax rates that are expected to apply during the period when the assets are realized or the liabilities settled, using the tax rates and laws enacted or substantively enacted at the consolidated balance sheet dates. The company measures deferred income taxes associated with its investment properties based on its specific intention with respect to each asset at the end of the reporting period. Where the company has a specific intention to sell a property in the foreseeable future, deferred taxes on the building portion of an investment property are measured based on the tax consequences that would follow the disposition of the property. Otherwise, deferred taxes are measured on the basis the carrying value of the investment property will be recovered substantially through use. h. Classification of Non-Controlling Interests in Limited-Life Funds Non-controlling interests in limited-life funds are classified as liabilities (subsidiary equity obligations) or equity (non-controlling interests) depending on whether an obligation exists to distribute residual net assets to non-controlling interests on liquidation in the form of cash or another financial asset or assets delivered in kind. Judgment is required to determine what the governing documents of each entity require or permit in this regard. i. Other Other critical judgments include the determination of effectiveness of financial hedges for accounting purposes; the likelihood and timing of anticipated transactions for hedge accounting; and the determination of functional currency.

ORGANIZATION AND CAPITAL MANA_2

ORGANIZATION AND CAPITAL MANAGEMENT (Tables)	12 Months Ended
ORGANIZATION AND CAPITAL MANAGEMENT (Tables)	Dec. 31, 2021
Management Commentary Explanatory [Abstract]
Summary of the Corporation's Capital [Table]	As at December 31, 2021, the Corporation’s Capital totaled $57.5 billion (2020 – $45.1 billion), and is computed as follows: AS AT DEC. 31 2021 2020 Cash and cash equivalents $ 1,197 $ 1,283 Other financial assets 3,430 3,809 Common equity in managed investments 46,248 33,732 Other assets and liabilities of the Corporation 6,585 6,321 Corporation’s Capital $ 57,460 $ 45,145 Corporation’s Capital is comprised of the following: Common equity $ 42,210 $ 31,693 Preferred shares 4,145 4,145 Non-controlling interest 230 230 Corporate borrowings 10,875 9,077 $ 57,460 $ 45,145
Reconciliation of the Corporation's Capital [Table]	A reconciliation of the Corporation’s Capital to the company’s consolidated balance sheet as at December 31, 2021 is as follows: AS AT DEC. 31, 2021 (MILLIONS) The Corporation Managed Investments Elimination 1 Total Consolidated Cash and cash equivalents $ 1,197 $ 11,497 $ — $ 12,694 Other financial assets 3,430 13,116 — 16,546 Accounts receivable and other 1 2,697 19,694 (631) 21,760 Inventory 2 11,413 — 11,415 Assets classified as held for sale — 11,958 — 11,958 Equity accounted investments 6,553 39,547 — 46,100 Investment properties 16 100,849 — 100,865 Property, plant and equipment 215 115,274 — 115,489 Intangible assets 215 30,394 — 30,609 Goodwill 361 19,866 — 20,227 Deferred income tax assets 2,064 1,276 — 3,340 Accounts payable and other 1 (5,104) (48,073) 631 (52,546) Liabilities associated with assets classified as held for sale — (3,148) — (3,148) Deferred income tax liabilities (299) (20,029) — (20,328) Subsidiary equity obligations (135) (4,173) — (4,308) Total 11,212 299,461 — 310,673 Common equity in managed investments 2 46,248 — (46,248) — Corporation’s Capital 57,460 299,461 (46,248) 310,673 Less: Corporate borrowings 10,875 — — 10,875 Non-recourse borrowings of managed entities — 165,057 — 165,057 Amounts attributable to preferred equity 4,145 — — 4,145 Amounts attributable to non-controlling interests 230 88,156 — 88,386 Common equity $ 42,210 $ 46,248 $ (46,248) $ 42,210 1. Contains the gross up of intercompany balances, including accounts receivable and other, and accounts payable and other of $631 million and $631 million, respectively, between entities within the Corporation and its managed investments. 2. Represents the value of the Corporation’s managed investments. A reconciliation of the Corporation’s Capital to the company’s consolidated balance sheet as at December 31, 2020 is as follows: AS AT DEC. 31, 2020 The Corporation Managed Investments Elimination 1 Total Consolidated Cash and cash equivalents $ 1,283 $ 8,650 $ — $ 9,933 Other financial assets 3,809 13,921 — 17,730 Accounts receivable and other 1 3,632 17,401 (2,105) 18,928 Inventory 2 10,358 — 10,360 Assets classified as held for sale — 5,917 — 5,917 Equity accounted investments 5,361 35,966 — 41,327 Investment properties 17 96,765 — 96,782 Property, plant and equipment 122 99,887 — 100,009 Intangible assets 285 24,373 — 24,658 Goodwill 368 14,346 — 14,714 Deferred income tax assets 2,159 1,179 — 3,338 Accounts payable and other 1 (5,134) (47,653) 2,105 (50,682) Liabilities associated with assets classified as held for sale — (2,359) — (2,359) Deferred income tax liabilities (414) (15,499) — (15,913) Subsidiary equity obligations (77) (3,622) — (3,699) Total 11,413 259,630 — 271,043 Common equity in managed investments 2 33,732 — (33,732) — Corporation’s Capital 45,145 259,630 (33,732) 271,043 Less: Corporate borrowings 9,077 — — 9,077 Non-recourse borrowings of managed entities — 139,324 — 139,324 Amounts attributable to preferred equity 4,145 — — 4,145 Amounts attributable to non-controlling interests 230 86,574 — 86,804 Common equity $ 31,693 $ 33,732 $ (33,732) $ 31,693 1. Contains the gross up of intercompany balances, including accounts receivable and other, and accounts payable and other of $2.1 billion and $2.1 billion, respectively, between entities within the Corporation and its managed investments.

SEGMENTED INFORMATION (Tables)

SEGMENTED INFORMATION (Tables)	12 Months Ended
SEGMENTED INFORMATION (Tables)	Dec. 31, 2021
Disclosure of operating segments [abstract]
Disclosure of entity's operating segments	Reportable Segment Measures AS AT AND FOR THE YEAR ENDED DEC. 31, 2021 (MILLIONS) Asset Corporate Renewable Infrastructure Private Real Estate Residential Total Note External revenues $ 306 $ 169 $ 4,580 $ 11,941 $ 46,252 $ 9,923 $ 2,560 $ 75,731 Inter-segment and other revenues 1 4,930 (18) — 6 431 32 — 5,381 i Segmented revenues 5,236 151 4,580 11,947 46,683 9,955 2,560 81,112 FFO from equity accounted investments 1 558 63 187 1,697 448 742 111 3,806 ii Interest expense — (414) (892) (1,502) (1,503) (3,225) (68) (7,604) iii Current income taxes — (38) (43) (402) (537) (77) (17) (1,114) iv FFO 1 2,614 (370) 1,044 797 2,030 1,185 258 7,558 v Common equity 4,905 (8,942) 5,264 3,022 3,565 32,004 2,392 42,210 Equity accounted investments 4,496 2,056 1,801 9,569 2,945 24,829 404 46,100 Additions to non-current assets 2 — 1,332 5,001 18,248 14,161 21,918 171 60,831 1. We equity account for our investment in Oaktree and include our share of the FFO and FFO from equity accounted investments at 62%. However, for segment reporting, Oaktree’s revenue is shown on a 100% basis. For the year ended December 31, 2021, $2.3 billion of Oaktree’s revenues was included in our Asset Management segment revenue. 2. Includes additions to equity accounted investments, investment properties, property, plant and equipment, sustainable resources, intangible assets and goodwill. AS AT AND FOR THE YEAR ENDED DEC. 31, 2020 (MILLIONS) Asset Corporate Renewable Infrastructure Private Real Estate Residential Total Note External revenues $ 246 $ 872 $ 4,085 $ 9,294 $ 37,161 $ 8,851 $ 2,243 $ 62,752 Inter-segment and other revenues 1 3,278 (1) — 7 614 32 — 3,930 i Segmented revenues 3,524 871 4,085 9,301 37,775 8,883 2,243 66,682 FFO from equity accounted investments 1 277 (17) 116 1,329 600 765 21 3,091 ii Interest expense — (388) (885) (1,224) (1,573) (3,117) (29) (7,216) iii Current income taxes — (67) (66) (247) (286) (82) (8) (756) iv FFO 1 1,776 (86) 1,044 569 935 876 66 5,180 v Common equity 4,947 (6,986) 5,154 2,552 3,965 19,331 2,730 31,693 Equity accounted investments 4,530 830 1,444 10,530 2,623 21,024 346 41,327 Additions to non-current assets 2 64 234 1,677 11,200 3,535 10,117 45 26,872 1. We equity account for our investment in Oaktree and include our share of the FFO and FFO from equity accounted investments at 62%. However, for segment reporting, Oaktree’s revenue is shown on a 100% basis. For the year ended December 31, 2020, $1.2 billion of Oaktree’s revenues was included in our Asset Management segment revenue. 2. Includes additions to equity accounted investments, investment properties, property, plant and equipment, sustainable resources, intangible assets and goodwill.
Summary of reconciliation of FFO from equity accounted investments	The following table reconciles the company’s consolidated equity accounted income to FFO from equity accounted investments: FOR THE YEARS ENDED DEC. 31 (MILLIONS) 2021 2020 Consolidated equity accounted income (loss) $ 2,451 $ (79) Non-FFO items from equity accounted investments 1 1,355 3,170 FFO from equity accounted investments $ 3,806 $ 3,091 1. Adjustment to back out non-FFO expenses (income) that are included in consolidated equity accounted income including depreciation and amortization, deferred taxes and fair value changes from equity accounted investments.
Schedule of components of income tax expense	The following table reconciles consolidated income taxes to current and deferred income taxes: FOR THE YEARS ENDED DEC. 31 (MILLIONS) 2021 2020 Current income tax expense $ (1,114) $ (756) Deferred income tax expense (1,210) (81) Income tax expense $ (2,324) $ (837) The major components of income tax expense for the years ended December 31, 2021 and 2020 are set out below: FOR THE YEARS ENDED DEC. 31 (MILLIONS) 2021 2020 Current income tax expense $ 1,114 $ 756 Deferred income tax expense / (recovery) Origination and reversal of temporary differences 1,044 (103) (Recovery) / expense arising from previously unrecognized tax assets (251) 2 Change of tax rates and new legislation 417 182 Total deferred income tax expense 1,210 81 Income tax expense $ 2,324 $ 837
Summary of reconciliation of FFO to net income	The following table reconciles net income to total FFO: FOR THE YEARS ENDED DEC. 31 (MILLIONS) Note 2021 2020 Net income $ 12,388 $ 707 Financial statement components not included in FFO Equity accounted fair value changes and other non-FFO items 1,355 3,170 Fair value changes (5,151) 1,423 Depreciation and amortization 6,437 5,791 Deferred income taxes 1,210 81 Realized disposition gains in fair value changes or equity vi 2,861 1,554 Non-controlling interests in FFO (11,542) (7,546) Total FFO $ 7,558 $ 5,180
Summary of financial information by geographic regions	The company’s revenues by location of operations are as follows: FOR THE YEARS ENDED DEC. 31 (MILLIONS) 2021 2020 U.S. $ 19,694 $ 18,048 Canada 7,548 5,906 U.K. 21,497 16,032 Brazil 3,730 3,323 Europe 8,491 6,191 Australia 5,892 5,528 India 2,520 1,284 Colombia 1,890 1,762 Other Asia 2,708 2,388 Other 1,761 2,290 $ 75,731 $ 62,752 The company’s consolidated assets by location are as follows: AS AT DEC. 31 (MILLIONS) 2021 2020 U.S. $ 172,952 $ 159,684 Canada 52,989 36,403 U.K. 36,740 31,598 Brazil 22,052 20,675 Europe 32,065 22,267 Australia 20,767 22,000 India 20,935 21,438 Colombia 11,065 10,919 Other Asia 12,866 9,343 Other 8,572 9,369 $ 391,003 $ 343,696

ACQUISITIONS OF CONSOLIDATED _2

ACQUISITIONS OF CONSOLIDATED ENTITIES (Tables)	12 Months Ended
ACQUISITIONS OF CONSOLIDATED ENTITIES (Tables)	Dec. 31, 2021
Disclosure of detailed information about business combination [abstract]
Disclosure of detailed information about business combinations	The following table summarizes the balance sheet impact as a result of business combinations that occurred in the year ended December 31, 2021. The valuations of the assets acquired are still under evaluation and as such the business combinations have been accounted for on a provisional basis: (MILLIONS) Private Equity Infrastructure Real Estate Renewable Power and Transition and Other Total Cash and cash equivalents $ 288 $ 217 $ 78 $ 3 $ 586 Accounts receivable and other 826 455 104 100 1,485 Inventory 690 23 2 6 721 Equity accounted investments 20 — 7 45 72 Investment properties — — 988 — 988 Property, plant and equipment 2,518 10,179 2,172 2,366 17,235 Intangible assets 4,535 3,734 67 — 8,336 Goodwill 3,960 2,400 113 118 6,591 Deferred income tax assets 6 9 — — 15 Total assets 12,843 17,017 3,531 2,638 36,029 Less: Accounts payable and other (1,811) (3,271) (131) (188) (5,401) Non-recourse borrowings (132) (6,698) (1,452) (975) (9,257) Deferred income tax liabilities (1,215) (1,430) (113) — (2,758) Non-controlling interests 1 (22) (156) (3) (2) (183) (3,180) (11,555) (1,699) (1,165) (17,599) Net assets acquired $ 9,663 $ 5,462 $ 1,832 $ 1,473 $ 18,430 Consideration 2 $ 9,663 $ 5,462 $ 1,832 $ 1,473 $ 18,430 1. Includes non-controlling interests recognized on business combinations measured as the proportionate share of fair value of the identifiable assets and liabilities on the date of acquisition. 2. Total consideration, including amounts paid by non-controlling interests that participated in the acquisition as investors in Brookfield-sponsored private funds or as co-investors. The following table summarizes the balance sheet impact as a result of significant business combinations that occurred in 2021. The valuations of the assets acquired are still under evaluation and as such the business combinations have been accounted for on a provisional basis. Private Equity Infrastructure Real Estate Renewable Power and Transition (MILLIONS) Modulaire DexKo Aldo IPL Life Sciences Assets U.S. Wind U.S. Distributed Generation Cash and cash equivalents $ 100 $ 106 $ 59 $ 121 $ 6 $ 1 $ 1 Accounts receivable and other 418 278 31 420 1 71 28 Inventory 104 436 48 20 — 6 — Equity accounted investments — 19 — — — — — Investment properties — — — — 988 — — Property, plant and equipment 1,963 462 5 9,865 — 1,643 723 Intangible assets 1,941 2,212 295 2,569 2 — — Goodwill 1,667 1,408 421 2,096 36 — 117 Deferred income tax assets — 6 — — — — — Total assets 6,193 4,927 859 15,091 1,033 1,721 869 Less: Accounts payable and other (817) (637) (136) (3,012) (7) (142) (45) Non-recourse borrowings (27) (2) — (6,185) — (835) (140) Deferred income tax liabilities (590) (504) (100) (1,229) (36) — — Non-controlling interests 1 — (10) — — — — — (1,434) (1,153) (236) (10,426) (43) (977) (185) Net assets acquired $ 4,759 $ 3,774 $ 623 $ 4,665 $ 990 $ 744 $ 684 Consideration 2 $ 4,759 $ 3,774 $ 623 $ 4,665 $ 990 $ 744 $ 684 1. Includes non-controlling interests recognized on business combinations measured as the proportionate share of fair value of the identifiable assets and liabilities on the date of acquisition. The following table summarizes the balance sheet impact as a result of business combinations that occurred in the year ended December 31, 2020 . No material changes were made to those allocations disclosed in the 2020 consolidated financial statements: (MILLIONS) Private Equity Infrastructure Real Estate, Renewable Power and Transition and Other Total Cash and cash equivalents $ 105 $ — $ 38 $ 143 Accounts receivable and other 1,441 408 76 1,925 Inventory 12 — 55 67 Property, plant and equipment 84 7,334 661 8,079 Intangible assets 27 532 66 625 Goodwill 63 27 55 145 Deferred income tax assets 31 — 15 46 Total assets 1,763 8,301 966 11,030 Less: Accounts payable and other (55) (2,518) (227) (2,800) Non-recourse borrowings (1,016) (2,356) (470) (3,842) Deferred income tax liabilities — (22) (12) (34) Non-controlling interests 1 (227) — (47) (274) (1,298) (4,896) (756) (6,950) Net assets acquired $ 465 $ 3,405 $ 210 $ 4,080 Consideration 2 $ 465 $ 3,405 $ 210 $ 4,080 1. Includes non-controlling interests recognized on business combinations measured as the proportionate share of fair value of the identifiable assets and liabilities on the date of acquisition. The following table summarizes the balance sheet impact as a result of significant business combinations that occurred in 2020. No material changes were made to those allocations disclosed in the 2020 consolidated financial statements. Private Equity Infrastructure (MILLIONS) IndoStar Summit DigiTel Cash and cash equivalents $ 78 $ — Accounts receivable and other 1,391 408 Property, plant and equipment 9 7,334 Intangible assets 20 532 Goodwill 21 27 Deferred income tax assets 28 — Total assets 1,547 8,301 Less: Accounts payable and other (30) (2,518) Non-recourse borrowings (1,003) (2,356) Deferred income tax liabilities — (22) Non-controlling interests 1 (219) — (1,252) (4,896) Net assets acquired $ 295 $ 3,405 Consideration 2 $ 295 $ 3,405 1. Includes non-controlling interests recognized on business combinations measured as the proportionate share of fair value of the identifiable assets and liabilities on the date of acquisition.

FAIR VALUE OF FINANCIAL INSTR_2

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	12 Months Ended
FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	Dec. 31, 2021
Disclosure of detailed information about financial instruments [abstract]
Disclosure of financial assets	The following tables list the company’s financial instruments by their respective classification as at December 31, 2021 and 2020: AS AT DEC. 31, 2021 (MILLIONS) Fair Value Through Fair Value Through OCI Amortized Cost Total Financial assets 1 Cash and cash equivalents $ — $ — $ 12,694 $ 12,694 Other financial assets Government bonds — 2,020 — 2,020 Corporate bonds 514 2,004 3 2,521 Fixed income securities and other 1,484 1,637 120 3,241 Common shares and warrants 3,492 2,435 — 5,927 Loans and notes receivable 5 — 2,832 2,837 5,495 8,096 2,955 16,546 Accounts receivable and other 2 2,345 — 12,973 15,318 $ 7,840 $ 8,096 $ 28,622 $ 44,558 Financial liabilities Corporate borrowings $ — $ — $ 10,875 $ 10,875 Non-recourse borrowings of managed entities Property-specific borrowings — — 152,008 152,008 Subsidiary borrowings — — 13,049 13,049 — — 165,057 165,057 Accounts payable and other 2 5,490 — 38,014 43,504 Subsidiary equity obligations 1,538 — 2,770 4,308 $ 7,028 $ — $ 216,716 $ 223,744 1. Financial assets include $10.1 billion of assets pledged as collateral. 2. Includes derivative instruments which are elected for hedge accounting, totaling $1.1 billion included in accounts receivable and other and $1.5 billion included in accounts payable and other, for which changes in fair value are recorded in other comprehensive income. AS AT DEC. 31, 2020 (MILLIONS) Fair Value Through Fair Value Through OCI Amortized Cost Total Financial assets 1 Cash and cash equivalents $ — $ — $ 9,933 $ 9,933 Other financial assets Government bonds 356 2,295 — 2,651 Corporate bonds 1,094 2,148 357 3,599 Fixed income securities and other 1,079 1,191 — 2,270 Common shares and warrants 3,287 3,227 — 6,514 Loans and notes receivable 2 110 — 2,586 2,696 5,926 8,861 2,943 17,730 Accounts receivable and other 3 1,766 — 11,906 13,672 $ 7,692 $ 8,861 $ 24,782 $ 41,335 Financial liabilities Corporate borrowings $ — $ — $ 9,077 $ 9,077 Non-recourse borrowings of managed entities Property-specific borrowings — — 128,556 128,556 Subsidiary borrowings — — 10,768 10,768 — — 139,324 139,324 Accounts payable and other 3 5,889 — 35,228 41,117 Subsidiary equity obligations 1,457 — 2,242 3,699 $ 7,346 $ — $ 185,871 $ 193,217 1. Financial assets include $9.7 billion of assets pledged as collateral. 2. Includes a shareholder loan of $500 million receivable from our U.S. gas pipeline. 3. Includes derivative instruments which are elected for hedge accounting, totaling $888 million included in accounts receivable and other and $2.4 billion included in accounts payable and other, for which changes in fair value are recorded in other comprehensive income. The current and non-current balances of other financial assets are as follows: AS AT DEC. 31 (MILLIONS) 2021 2020 Current $ 6,963 $ 5,483 Non-current 9,583 12,247 Total $ 16,546 $ 17,730 The following table presents the changes in the balance of financial assets and liabilities classified as Level 3 for the years ended December 31, 2021 and 2020 : 2021 2020 AS AT AND FOR THE YEARS ENDED DEC. 31 (MILLIONS) Financial Financial Financial Financial Balance, beginning of year $ 2,369 $ 2,104 $ 1,780 $ 2,542 Fair value changes in net income 160 96 (92) (111) Fair value changes in other comprehensive income 1 (8) 94 15 4 Disposals, net of additions (289) 420 666 (331) Balance, end of year $ 2,232 $ 2,714 $ 2,369 $ 2,104 1. Includes foreign currency translation. The following table categorizes liabilities measured at amortized cost, but for which fair values are disclosed based upon the fair value hierarchy levels: 2021 2020 AS AT DEC. 31 (MILLIONS) Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Corporate borrowings $ 11,906 $ 87 $ — $ 10,443 $ 97 $ — Property-specific borrowings 12,163 65,234 76,447 3,406 57,927 69,766 Subsidiary borrowings 6,831 — 6,584 7,825 3 3,257 Subsidiary equity obligations — 544 2,226 — 73 2,169
Disclosure of financial liabilities	The following tables list the company’s financial instruments by their respective classification as at December 31, 2021 and 2020: AS AT DEC. 31, 2021 (MILLIONS) Fair Value Through Fair Value Through OCI Amortized Cost Total Financial assets 1 Cash and cash equivalents $ — $ — $ 12,694 $ 12,694 Other financial assets Government bonds — 2,020 — 2,020 Corporate bonds 514 2,004 3 2,521 Fixed income securities and other 1,484 1,637 120 3,241 Common shares and warrants 3,492 2,435 — 5,927 Loans and notes receivable 5 — 2,832 2,837 5,495 8,096 2,955 16,546 Accounts receivable and other 2 2,345 — 12,973 15,318 $ 7,840 $ 8,096 $ 28,622 $ 44,558 Financial liabilities Corporate borrowings $ — $ — $ 10,875 $ 10,875 Non-recourse borrowings of managed entities Property-specific borrowings — — 152,008 152,008 Subsidiary borrowings — — 13,049 13,049 — — 165,057 165,057 Accounts payable and other 2 5,490 — 38,014 43,504 Subsidiary equity obligations 1,538 — 2,770 4,308 $ 7,028 $ — $ 216,716 $ 223,744 1. Financial assets include $10.1 billion of assets pledged as collateral. 2. Includes derivative instruments which are elected for hedge accounting, totaling $1.1 billion included in accounts receivable and other and $1.5 billion included in accounts payable and other, for which changes in fair value are recorded in other comprehensive income. AS AT DEC. 31, 2020 (MILLIONS) Fair Value Through Fair Value Through OCI Amortized Cost Total Financial assets 1 Cash and cash equivalents $ — $ — $ 9,933 $ 9,933 Other financial assets Government bonds 356 2,295 — 2,651 Corporate bonds 1,094 2,148 357 3,599 Fixed income securities and other 1,079 1,191 — 2,270 Common shares and warrants 3,287 3,227 — 6,514 Loans and notes receivable 2 110 — 2,586 2,696 5,926 8,861 2,943 17,730 Accounts receivable and other 3 1,766 — 11,906 13,672 $ 7,692 $ 8,861 $ 24,782 $ 41,335 Financial liabilities Corporate borrowings $ — $ — $ 9,077 $ 9,077 Non-recourse borrowings of managed entities Property-specific borrowings — — 128,556 128,556 Subsidiary borrowings — — 10,768 10,768 — — 139,324 139,324 Accounts payable and other 3 5,889 — 35,228 41,117 Subsidiary equity obligations 1,457 — 2,242 3,699 $ 7,346 $ — $ 185,871 $ 193,217 1. Financial assets include $9.7 billion of assets pledged as collateral. 2. Includes a shareholder loan of $500 million receivable from our U.S. gas pipeline. 3. Includes derivative instruments which are elected for hedge accounting, totaling $888 million included in accounts receivable and other and $2.4 billion included in accounts payable and other, for which changes in fair value are recorded in other comprehensive income. The following table presents the changes in the balance of financial assets and liabilities classified as Level 3 for the years ended December 31, 2021 and 2020 : 2021 2020 AS AT AND FOR THE YEARS ENDED DEC. 31 (MILLIONS) Financial Financial Financial Financial Balance, beginning of year $ 2,369 $ 2,104 $ 1,780 $ 2,542 Fair value changes in net income 160 96 (92) (111) Fair value changes in other comprehensive income 1 (8) 94 15 4 Disposals, net of additions (289) 420 666 (331) Balance, end of year $ 2,232 $ 2,714 $ 2,369 $ 2,104 1. Includes foreign currency translation. The following table categorizes liabilities measured at amortized cost, but for which fair values are disclosed based upon the fair value hierarchy levels: 2021 2020 AS AT DEC. 31 (MILLIONS) Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Corporate borrowings $ 11,906 $ 87 $ — $ 10,443 $ 97 $ — Property-specific borrowings 12,163 65,234 76,447 3,406 57,927 69,766 Subsidiary borrowings 6,831 — 6,584 7,825 3 3,257 Subsidiary equity obligations — 544 2,226 — 73 2,169
Disclosure of fair value of financial instruments [text block]	The following table lists the company’s financial instruments by their respective classification as at December 31, 2021 and 2020: 2021 2020 AS AT DEC. 31 (MILLIONS) Carrying Fair Carrying Fair Financial assets Cash and cash equivalents $ 12,694 $ 12,694 $ 9,933 $ 9,933 Other financial assets Government bonds 2,020 2,020 2,651 2,651 Corporate bonds 2,521 2,521 3,599 3,599 Fixed income securities and other 3,241 3,241 2,270 2,270 Common shares and warrants 5,927 5,927 6,514 6,514 Loans and notes receivable 2,837 2,837 2,696 2,696 16,546 16,546 17,730 17,730 Accounts receivable and other 15,318 15,318 13,672 13,672 $ 44,558 $ 44,558 $ 41,335 $ 41,335 Financial liabilities Corporate borrowings $ 10,875 $ 11,993 $ 9,077 $ 10,540 Non-recourse borrowings of managed entities Property-specific borrowings 152,008 153,844 128,556 131,099 Subsidiary borrowings 13,049 13,415 10,768 11,085 165,057 167,259 139,324 142,184 Accounts payable and other 43,504 43,504 41,117 41,117 Subsidiary equity obligations 4,308 4,308 3,699 3,699 $ 223,744 $ 227,064 $ 193,217 $ 197,540
Disclosure of fair value measurement of assets [text block]	The following table categorizes financial assets and liabilities, which are carried at fair value, based upon the fair value hierarchy levels: 2021 2020 AS AT DEC. 31 (MILLIONS) Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Financial assets Other financial assets Government bonds $ 48 $ 1,972 $ — $ 7 $ 2,644 $ — Corporate bonds 85 2,050 383 192 2,764 286 Fixed income securities and other 762 1,908 451 867 912 491 Common shares and warrants 4,063 548 1,316 4,548 577 1,389 Loans and notes receivables — — 5 — 42 68 4,958 6,478 2,155 5,614 6,939 2,234 Accounts receivable and other 3 2,265 77 50 1,581 135 $ 4,961 $ 8,743 $ 2,232 $ 5,664 $ 8,520 $ 2,369 Financial liabilities Accounts payable and other $ 29 $ 4,150 $ 1,311 $ 75 $ 5,090 $ 724 Subsidiary equity obligations — 135 1,403 — 77 1,380 $ 29 $ 4,285 $ 2,714 $ 75 $ 5,167 $ 2,104 The following table presents our investment properties measured at fair value: AS AT DEC. 31 (MILLIONS) 2021 2020 Core $ 19,384 $ 19,339 Transitional and Development 27,669 29,764 LP investments 51,620 45,857 Other investment properties 2,192 1,822 $ 100,865 $ 96,782
Carrying and fair values of financial liabilities	The following table categorizes financial assets and liabilities, which are carried at fair value, based upon the fair value hierarchy levels: 2021 2020 AS AT DEC. 31 (MILLIONS) Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Financial assets Other financial assets Government bonds $ 48 $ 1,972 $ — $ 7 $ 2,644 $ — Corporate bonds 85 2,050 383 192 2,764 286 Fixed income securities and other 762 1,908 451 867 912 491 Common shares and warrants 4,063 548 1,316 4,548 577 1,389 Loans and notes receivables — — 5 — 42 68 4,958 6,478 2,155 5,614 6,939 2,234 Accounts receivable and other 3 2,265 77 50 1,581 135 $ 4,961 $ 8,743 $ 2,232 $ 5,664 $ 8,520 $ 2,369 Financial liabilities Accounts payable and other $ 29 $ 4,150 $ 1,311 $ 75 $ 5,090 $ 724 Subsidiary equity obligations — 135 1,403 — 77 1,380 $ 29 $ 4,285 $ 2,714 $ 75 $ 5,167 $ 2,104
Description of valuation techniques used in fair value measurement, assets	The following table summarizes the valuation techniques and key inputs used in the fair value measurement of Level 2 financial instruments: (MILLIONS) Type of Asset/Liability Carrying Value Dec. 31, 2021 Valuation Techniques and Key Inputs Other financial assets $ 6,478 Valuation models based on observable market data Derivative assets/Derivative liabilities (accounts receivable/accounts payable) 2,265 / (4,150) Foreign currency forward contracts – discounted cash flow model – forward exchange rates (from observable forward exchange rates at the end of the reporting period) and discounted at credit adjusted rate Redeemable fund units (subsidiary equity obligations) (135) Aggregated market prices of underlying investments
Disclosure of significant unobservable inputs used in fair value measurement of assets [text block]	The following table summarizes the valuation techniques and significant unobservable inputs used in the fair value measurement of Level 3 financial instruments: (MILLIONS) Type of Asset/Liability Carrying Value Dec. 31, 2021 Valuation Significant Relationship of Unobservable Corporate bonds $ 383 Discounted cash flows • Future cash flows • Increases (decreases) in future cash flows increase (decrease) fair value • Discount rate • Increases (decreases) in discount rate decrease (increase) fair value Fixed income securities and other 451 Discounted cash flows • Future cash flows • Increases (decreases) in future cash flows increase (decrease) fair value • Discount rate • Increases (decreases) in discount rate decrease (increase) fair value Common shares and warrants 1,316 Discounted cash flows • Future cash flows • Increases (decreases) in future cash flows increase (decrease) fair value • Discount rate • Increases (decreases) in discount rate decrease (increase) fair value Black-Scholes model • Volatility • Increases (decreases) in volatility increase (decreases) fair value • Term to maturity • Increases (decreases) in term to maturity increase (decrease) fair value Derivative assets/Derivative liabilities (accounts receivable/payable) 77 / (1,311) Discounted cash flows • Future cash flows • Increases (decreases) in future cash flows increase (decrease) fair value • Discount rate • Increases (decreases) in discount rate decrease (increase) fair value Limited-life funds (subsidiary equity obligations) (1,403) Discounted cash flows • Future cash flows • Increases (decreases) in future cash flows increase (decrease) fair value • Discount rate • Increases (decreases) in discount rate decrease (increase) fair value • Terminal capitalization rate • Increases (decreases) in terminal capitalization rate decrease (increase) fair value • Investment horizon • Increases (decreases) in the investment horizon decrease (increase) fair value Valuation Techniques Significant Unobservable Inputs Relationship of Unobservable Inputs to Fair Value Mitigating Factors Discounted cash flow analysis • Future cash flows • Increases (decreases) in future cash flows increase (decrease) fair value • Increases (decreases) in cash flows tend to be accompanied by increases (decreases) in discount rates that may offset changes in fair value from cash flows • Timber / agricultural prices • Increases (decreases) in price increase (decrease) fair value • Increases (decreases) in price tend to be accompanied by increases (decreases) in discount rates that may offset changes in fair value from price • Discount rate /terminal capitalization rate • Increases (decreases) in discount rate or terminal capitalization rate decrease (increase) fair value • Decreases (increases) in discount rates or terminal capitalization rates tend to be accompanied by increases (decreases) in cash flows that may offset changes in fair value from rates • Exit Date • Increases (decreases) in exit date decrease (increase) fair value • Increases (decreases) in the exit date tend to be the result of changing cash flow profiles that may result in higher (lower) growth in cash flows prior to stabilizing in the terminal year The following table summarizes the key valuation metrics of the company’s investment properties: 2021 2020 AS AT DEC. 31 Discount Terminal Investment Discount Rate Terminal Capitalization Rate Investment Horizon (years) Core 5.9 % 4.6 % 11 6.0 % 4.6 % 11 Transitional and Development 1 7.3 % 5.8 % 10 7.2 % 5.9 % 10 LP investments 1 9.1 % 5.9 % 13 9.4 % 6.0 % 14 Other investment properties 2 8.7% n/a n/a 5.0 – 8.7% n/a n/a 1. The rates presented are for investment properties valued using the discounted cash flow method. These rates exclude multifamily, triple net lease, student housing, manufactured housing and other investment properties valued using the direct capitalization method. 2. Other investment properties include investment properties held in our Infrastructure and Residential Development segments. The following table presents our renewable power and transition property, plant and equipment measured at fair value by geography: AS AT DEC. 31 (MILLIONS) 2021 2020 North America $ 32,629 $ 28,044 Colombia 8,497 8,150 Europe 3,935 4,912 Brazil 3,547 3,005 Other 1 1,709 1,095 $ 50,317 $ 45,206 1. Other refers primarily to China, India and Chile. Key valuation metrics of the company’s hydroelectric, wind and solar generating facilities at the end of 2021 and 2020 are summarized below. North America Brazil Colombia Europe AS AT DEC. 31 2021 2020 2021 2020 2021 2020 2021 2020 Discount rate Contracted 4.1 – 4.3% 4.1 – 4.5% 7.2 % 7.3 % 7.9 % 8.1 % 3.9 % 3.0 – 3.6% Uncontracted 5.4 – 5.6% 5.6 – 6.0% 8.5 % 8.6 % 9.2 % 9.4 % 3.9 % 3.6 – 4.7% Terminal capitalization rate 1 4.8 – 5.1% 5.8 – 6.2% n/a n/a 8.0 % 8.9 % n/a n/a Exit date 2042 2041 2048 2048 2041 2040 2036 2035 1. Terminal capitalization rate applies only to hydroelectric assets in North America and Colombia. Key valuation metrics of the company’s utilities, transport, midstream and sustainable resources assets at the end of 2021 and 2020 are summarized below. Utilities Transport Midstream Sustainable Resources AS AT DEC. 31 2021 2020 2021 2020 2021 2020 2021 2020 Discount rates 7 – 11% 7 – 14% 7 – 14% 7 – 13% 15 % 15 % n/a 6 % Terminal capitalization multiples 20x 7x – 23x 9x – 15x 9x – 14x 10x 10x n/a 6x Investment horizon/Exit date (years) 10 – 20 10 10 10 5 – 10 5 – 10 n/a 10
Disclosure of significant unobservable inputs used in fair value measurement of liabilities [text block]	The following table summarizes the valuation techniques and significant unobservable inputs used in the fair value measurement of Level 3 financial instruments: (MILLIONS) Type of Asset/Liability Carrying Value Dec. 31, 2021 Valuation Significant Relationship of Unobservable Corporate bonds $ 383 Discounted cash flows • Future cash flows • Increases (decreases) in future cash flows increase (decrease) fair value • Discount rate • Increases (decreases) in discount rate decrease (increase) fair value Fixed income securities and other 451 Discounted cash flows • Future cash flows • Increases (decreases) in future cash flows increase (decrease) fair value • Discount rate • Increases (decreases) in discount rate decrease (increase) fair value Common shares and warrants 1,316 Discounted cash flows • Future cash flows • Increases (decreases) in future cash flows increase (decrease) fair value • Discount rate • Increases (decreases) in discount rate decrease (increase) fair value Black-Scholes model • Volatility • Increases (decreases) in volatility increase (decreases) fair value • Term to maturity • Increases (decreases) in term to maturity increase (decrease) fair value Derivative assets/Derivative liabilities (accounts receivable/payable) 77 / (1,311) Discounted cash flows • Future cash flows • Increases (decreases) in future cash flows increase (decrease) fair value • Discount rate • Increases (decreases) in discount rate decrease (increase) fair value Limited-life funds (subsidiary equity obligations) (1,403) Discounted cash flows • Future cash flows • Increases (decreases) in future cash flows increase (decrease) fair value • Discount rate • Increases (decreases) in discount rate decrease (increase) fair value • Terminal capitalization rate • Increases (decreases) in terminal capitalization rate decrease (increase) fair value • Investment horizon • Increases (decreases) in the investment horizon decrease (increase) fair value
Disclosure of offsetting of financial assets and financial liabilities	The agreements provide the company with the legal and enforceable right to offset these amounts and accordingly the following balances are presented net in the consolidated financial statements: Accounts Receivable and Other Accounts Payable and Other AS AT DEC. 31 (MILLIONS) 2021 2020 2021 2020 Gross amounts of financial instruments before netting $ 4,814 $ 2,195 $ 5,037 $ 4,379 Gross amounts of financial instruments set-off in the Consolidated Balance Sheets (2,469) (429) (2,452) (351) Net amount of financial instruments in the Consolidated Balance Sheets $ 2,345 $ 1,766 $ 2,585 $ 4,028

HELD FOR SALE (Tables)

HELD FOR SALE (Tables)	12 Months Ended
HELD FOR SALE (Tables)	Dec. 31, 2021
Non-current assets or disposal groups classified as held for sale or as held for distribution to owners [abstract]
Schedule of assets and liabilities classified as held-for-sale	The following is a summary of the assets and liabilities classified as held for sale as at December 31, 2021 and 2020: AS AT DEC. 31 (MILLIONS) Real Estate Infrastructure Renewable Power and Transition 2021 Total 2020 Total Assets Cash and cash equivalents $ 204 $ — $ 9 $ 213 $ 6 Accounts receivable and other 295 — 3 298 67 Equity accounted investments 130 146 — 276 1,533 Investment properties 9,053 — — 9,053 4,224 Property, plant and equipment 1,820 — 54 1,874 82 Goodwill 220 — — 220 — Other long-term assets — — — — 5 Deferred income tax assets 24 — — 24 — Assets classified as held for sale $ 11,746 $ 146 $ 66 $ 11,958 $ 5,917 Liabilities Accounts payable and other $ 136 $ — $ 3 $ 139 $ 118 Non-recourse borrowings of managed 3,006 — 3 3,009 2,234 Deferred income tax liabilities — — — — 7 Liabilities associated with assets classified as held for sale $ 3,142 $ — $ 6 $ 3,148 $ 2,359

EQUITY ACCOUNTED INVESTMENTS (T

EQUITY ACCOUNTED INVESTMENTS (Tables)	12 Months Ended
EQUITY ACCOUNTED INVESTMENTS (Tables)	Dec. 31, 2021
Investments in subsidiaries, joint ventures and associates reported in separate financial statements [abstract]
Schedule of voting interests and carrying value of investments in associates	The following table presents the ownership interests and carrying values of the company’s investments in associates and joint ventures, all of which are accounted for using the equity method: Ownership Interest 1 Carrying Value AS AT DEC. 31 (MILLIONS) 2021 2020 2021 2020 Oaktree 62 % 62 % $ 5,596 $ 5,317 Real estate Associates LP investments and other 13 – 31% 16 – 50% 251 136 Joint ventures Core 15 – 56% 15 – 56% 9,819 8,866 Transitional and Development 22 – 68% 22 – 68% 9,946 9,684 LP investments and other 8 – 91% 9 – 84% 4,813 2,338 24,829 21,024 Infrastructure Associates Utilities 11 – 50% 11 – 50% 946 1,010 Transport 21 – 58% 21 – 58% 4,724 5,114 Data 45 – 50% 45 – 50% 3,076 3,209 Other 22 – 50% 22 – 50% 106 130 Joint ventures Midstream 50 % 50 % 653 841 Other 50 % 50 % 64 226 9,569 10,530 Private equity Associates Industrial operations 24 – 54% 24 – 54% 787 834 Other 14 – 70% 14 – 70% 2,158 1,789 2,945 2,623 Renewable power and transition and other Renewable power and transition associates 3 – 65% 12 – 60% 1,801 1,444 Other equity accounted investments 2 22 – 70% 14 – 77% 1,360 389 3,161 1,833 Total $ 46,100 $ 41,327 1. Joint ventures or associates in which the ownership interest is greater than 50% represent investments for which control is either shared or does not exist resulting in the investment being equity accounted. 2. Carrying value of joint ventures in other equity accounted investments is $404 million (2020 – $346 million).
Schedule of voting interests and carrying value of investments in joint ventures	The following table presents the ownership interests and carrying values of the company’s investments in associates and joint ventures, all of which are accounted for using the equity method: Ownership Interest 1 Carrying Value AS AT DEC. 31 (MILLIONS) 2021 2020 2021 2020 Oaktree 62 % 62 % $ 5,596 $ 5,317 Real estate Associates LP investments and other 13 – 31% 16 – 50% 251 136 Joint ventures Core 15 – 56% 15 – 56% 9,819 8,866 Transitional and Development 22 – 68% 22 – 68% 9,946 9,684 LP investments and other 8 – 91% 9 – 84% 4,813 2,338 24,829 21,024 Infrastructure Associates Utilities 11 – 50% 11 – 50% 946 1,010 Transport 21 – 58% 21 – 58% 4,724 5,114 Data 45 – 50% 45 – 50% 3,076 3,209 Other 22 – 50% 22 – 50% 106 130 Joint ventures Midstream 50 % 50 % 653 841 Other 50 % 50 % 64 226 9,569 10,530 Private equity Associates Industrial operations 24 – 54% 24 – 54% 787 834 Other 14 – 70% 14 – 70% 2,158 1,789 2,945 2,623 Renewable power and transition and other Renewable power and transition associates 3 – 65% 12 – 60% 1,801 1,444 Other equity accounted investments 2 22 – 70% 14 – 77% 1,360 389 3,161 1,833 Total $ 46,100 $ 41,327 1. Joint ventures or associates in which the ownership interest is greater than 50% represent investments for which control is either shared or does not exist resulting in the investment being equity accounted. 2. Carrying value of joint ventures in other equity accounted investments is $404 million (2020 – $346 million).
Schedule of investments in associates	The following table presents the change in the balance of investments in associates and joint ventures: AS AT AND FOR THE YEARS ENDED DEC. 31 (MILLIONS) Oaktree Real Estate Infrastructure Private Equity Renewable Power and Other 2021 Total 2020 Total Balance, beginning of year $ 5,317 $ 21,024 $ 10,530 $ 2,623 $ 1,833 $ 41,327 $ 40,698 Additions, net of disposals 1 195 2,660 (594) 517 1,235 4,013 2,568 Acquisitions through business combinations — 7 — 20 45 72 — Share of comprehensive income (loss) 665 1,737 685 (12) 312 3,387 (125) Distributions received (581) (194) (598) (169) (216) (1,758) (1,268) Return of capital — (271) — (2) — (273) (115) Foreign currency translation and other — (134) (454) (32) (48) (668) (431) Balance, end of year $ 5,596 $ 24,829 $ 9,569 $ 2,945 $ 3,161 $ 46,100 $ 41,327 1. Includes assets sold and amounts reclassified to held for sale.
Disclosure of interests in joint ventures [Table Text Block]	The following table presents current and non-current assets, as well as current and non-current liabilities of the company’s investments in associates and joint ventures: 2021 2020 AS AT DEC. 31 (MILLIONS) Current Assets Non-Current Assets Current Liabilities Non-Current Liabilities Current Assets Non-Current Assets Current Liabilities Non-Current Liabilities Oaktree $ 2,136 $ 20,351 $ 1,936 $ 9,229 $ 2,253 $ 17,056 $ 2,146 $ 7,487 Real estate Associates LP investments and other 17 1,070 19 757 21 1,207 42 958 Joint ventures Core 1,985 39,322 2,272 17,787 2,496 36,668 3,485 17,107 Transitional and Development 1,170 33,679 749 13,734 1,230 33,082 673 13,721 LP investments and other 1,854 19,622 1,214 9,164 1,279 12,288 903 7,290 Infrastructure Associates Utilities 359 5,723 444 3,738 646 6,142 487 4,238 Transport 1,325 24,322 2,160 12,981 1,223 25,078 1,929 9,538 Data 1,054 13,394 1,727 6,284 841 13,308 1,263 6,081 Other 30 321 20 84 34 356 32 143 Joint ventures Midstream 197 6,097 215 4,003 161 6,157 230 3,945 Other 32 115 12 63 43 685 30 299 Private equity Associates Industrial operations 1,421 1,169 640 330 1,096 736 505 222 Other 1,946 9,162 1,206 7,217 2,077 9,303 1,357 6,697 Renewable power and transition and other Renewable power and transition associates 2,763 12,675 2,546 6,811 1,355 7,492 635 3,307 Other equity accounted investments 2,631 10,840 1,773 8,825 210 790 67 178 $ 18,920 $ 197,862 $ 16,933 $ 101,007 $ 14,965 $ 170,348 $ 13,784 $ 81,211 Certain of the company’s investments in associates are subject to restrictions on the extent to which they can remit funds to the company in the form of cash dividends or repay loans and advances as a result of borrowing arrangements, regulatory restrictions and other contractual requirements. The following table presents total revenues, net income and other comprehensive income (“OCI”) of the company’s investments in associates and joint ventures: 2021 2020 FOR THE YEARS ENDED DEC. 31 (MILLIONS) Revenue Net Income OCI Revenue Net Income OCI Oaktree $ 2,308 $ 1,355 $ 7 $ 1,104 $ 158 $ (2) Real estate Associates LP investments and other 84 (133) 949 99 (145) (941) Joint ventures Core 1,917 1,404 100 1,866 311 (113) Transitional and Development 1,844 919 — 1,944 (1,471) — LP investments and other 1,114 457 321 945 (376) 5 Infrastructure Associates Utilities 1,336 521 28 1,715 364 (205) Transport 11,685 1,570 (433) 4,054 169 (1,451) Data 2,460 70 73 2,245 293 374 Other 50 (66) 56 41 (23) (245) Joint ventures Midstream 783 137 — 736 244 — Other 123 4 (2) 107 2 33 Private equity Associates West Fraser — — — 2,407 386 12 Industrial operations 3,082 424 (4) 2,713 132 — Other 5,215 (233) (113) 4,332 (130) 48 Renewable power and transition and other Renewable power and transition associates 2,891 (208) (15) 737 219 174 Other equity accounted investments 8,102 250 (15) 192 56 (2) $ 42,994 $ 6,471 $ 952 $ 25,237 $ 189 $ (2,313)
Schedule of fair value of equity accounted investments	The following table presents total revenues, net income and other comprehensive income (“OCI”) of the company’s investments in associates and joint ventures: 2021 2020 FOR THE YEARS ENDED DEC. 31 (MILLIONS) Revenue Net Income OCI Revenue Net Income OCI Oaktree $ 2,308 $ 1,355 $ 7 $ 1,104 $ 158 $ (2) Real estate Associates LP investments and other 84 (133) 949 99 (145) (941) Joint ventures Core 1,917 1,404 100 1,866 311 (113) Transitional and Development 1,844 919 — 1,944 (1,471) — LP investments and other 1,114 457 321 945 (376) 5 Infrastructure Associates Utilities 1,336 521 28 1,715 364 (205) Transport 11,685 1,570 (433) 4,054 169 (1,451) Data 2,460 70 73 2,245 293 374 Other 50 (66) 56 41 (23) (245) Joint ventures Midstream 783 137 — 736 244 — Other 123 4 (2) 107 2 33 Private equity Associates West Fraser — — — 2,407 386 12 Industrial operations 3,082 424 (4) 2,713 132 — Other 5,215 (233) (113) 4,332 (130) 48 Renewable power and transition and other Renewable power and transition associates 2,891 (208) (15) 737 219 174 Other equity accounted investments 8,102 250 (15) 192 56 (2) $ 42,994 $ 6,471 $ 952 $ 25,237 $ 189 $ (2,313)

PROPERTY, PLANT AND EQUIPMENT (

PROPERTY, PLANT AND EQUIPMENT (Tables)	12 Months Ended
PROPERTY, PLANT AND EQUIPMENT (Tables)	Dec. 31, 2021
Property, plant and equipment [abstract]
Disclosure of detailed information about property, plant and equipment	The company’s property, plant and equipment relates to the operating segments as shown below: Renewable Infrastructure (b) Real Estate (c) Private Equity and Other (d) Total AS AT DEC. 31 (MILLIONS) 2021 2020 2021 2020 2021 2020 2021 2020 2021 2020 Costs $ 30,588 $ 28,838 $ 39,769 $ 31,212 $ 11,396 $ 9,251 $ 21,255 $ 18,770 $ 103,008 $ 88,071 Accumulated fair value changes 28,138 24,238 3,077 4,626 881 393 (1,022) (873) 31,074 28,384 Accumulated depreciation (8,409) (7,870) (4,191) (3,671) (1,413) (1,212) (4,580) (3,693) (18,593) (16,446) Total 1 $ 50,317 $ 45,206 $ 38,655 $ 32,167 $ 10,864 $ 8,432 $ 15,653 $ 14,204 $ 115,489 $ 100,009 1. As at December 31, 2021, the total includes $5.8 billion (2020 – $3.9 billion) of property, plant and equipment leased to third parties as operating leases. Our ROU PP&E assets include $415 million (2020 – $393 million) in our Renewable Power and Transition segment, $4.0 billion (2020 – $4.1 billion) in our Infrastructure segment, $905 million (2020 – $856 million) in our Real Estate segment, and $1.7 billion (2020 – $1.3 billion) in our Private Equity and other segments, totaling $7.0 billion (2020 – $6.7 billion) of ROU assets. Our renewable power and transition property, plant and equipment consists of the following: Hydroelectric Wind Solar and Other Total AS AT AND FOR THE YEARS ENDED DEC. 31 (MILLIONS) 2021 2020 2021 2020 2021 2020 2021 2020 Cost, beginning of year $ 13,899 $ 14,074 $ 8,398 $ 8,459 $ 6,541 $ 5,287 $ 28,838 $ 27,820 Additions, net of disposals and assets reclassified as held for sale 734 425 (907) (9) 648 284 475 700 Acquisitions through business combinations — — 1,643 — 723 661 2,366 661 Foreign currency translation (762) (600) (101) (52) (228) 309 (1,091) (343) Cost, end of year 13,871 13,899 9,033 8,398 7,684 6,541 30,588 28,838 Accumulated fair value changes, beginning of year 19,865 16,927 2,908 2,588 1,465 950 24,238 20,465 Fair value changes 4,581 3,221 (44) 402 282 530 4,819 4,153 Dispositions and assets reclassified as held for sale — — (354) — — — (354) — Foreign currency translation (473) (283) (49) (82) (43) (15) (565) (380) Accumulated fair value changes, end of year 23,973 19,865 2,461 2,908 1,704 1,465 28,138 24,238 Accumulated depreciation, beginning of year (4,731) (4,412) (2,293) (1,781) (846) (497) (7,870) (6,690) Depreciation expenses (556) (517) (599) (546) (355) (302) (1,510) (1,365) Dispositions and assets reclassified as held for sale 22 17 792 25 1 9 815 51 Foreign currency translation 114 181 14 9 28 (56) 156 134 Accumulated depreciation, end of year (5,151) (4,731) (2,086) (2,293) (1,172) (846) (8,409) (7,870) Balance, end of year $ 32,693 $ 29,033 $ 9,408 $ 9,013 $ 8,216 $ 7,160 $ 50,317 $ 45,206 Cost Accumulated Fair Value Changes Accumulated Depreciation Total AS AT AND FOR THE YEARS ENDED DEC. 31 (MILLIONS) 2021 2020 2021 2020 2021 2020 2021 2020 Balance, beginning of year $ 9,251 $ 9,890 $ 393 $ 1,366 $ (1,212) $ (1,527) $ 8,432 $ 9,729 Changes in basis of accounting (38) (1,895) 8 (681) 1 786 (29) (1,790) Additions/(dispositions) 1 , net of assets reclassified as held for sale 203 1,023 (631) (135) 262 27 (166) 915 Acquisitions through business combinations 2,172 — — — — — 2,172 — Foreign currency translation (192) 233 (2) 2 35 (41) (159) 194 Fair value changes — — 1,113 (159) — — 1,113 (159) Depreciation expenses — — — — (499) (457) (499) (457) Balance, end of year $ 11,396 $ 9,251 $ 881 $ 393 $ (1,413) $ (1,212) $ 10,864 $ 8,432 1. For accumulated depreciation, (additions)/dispositions. Cost Accumulated Impairment Accumulated Depreciation Total AS AT AND FOR THE YEARS ENDED DEC. 31 (MILLIONS) 2021 2020 2021 2020 2021 2020 2021 2020 Balance, beginning of year $ 18,770 $ 17,269 $ (873) $ (643) $ (3,693) $ (2,458) $ 14,204 $ 14,168 Changes in basis of accounting (820) — (3) — 301 — (522) — Additions/(dispositions) 1 , net of assets reclassified as held for sale 1,124 874 97 57 277 290 1,498 1,221 Acquisitions through business combinations 2,518 84 — — — — 2,518 84 Foreign currency translation (337) 543 (3) (3) 36 (61) (304) 479 Depreciation expenses — — — — (1,501) (1,464) (1,501) (1,464) Impairment charges — — (240) (284) — — (240) (284) Balance, end of year $ 21,255 $ 18,770 $ (1,022) $ (873) $ (4,580) $ (3,693) $ 15,653 $ 14,204 1. For accumulated depreciation, (additions)/dispositions.
Disclosure of significant unobservable inputs used in fair value measurement of assets [text block]	The following table summarizes the valuation techniques and significant unobservable inputs used in the fair value measurement of Level 3 financial instruments: (MILLIONS) Type of Asset/Liability Carrying Value Dec. 31, 2021 Valuation Significant Relationship of Unobservable Corporate bonds $ 383 Discounted cash flows • Future cash flows • Increases (decreases) in future cash flows increase (decrease) fair value • Discount rate • Increases (decreases) in discount rate decrease (increase) fair value Fixed income securities and other 451 Discounted cash flows • Future cash flows • Increases (decreases) in future cash flows increase (decrease) fair value • Discount rate • Increases (decreases) in discount rate decrease (increase) fair value Common shares and warrants 1,316 Discounted cash flows • Future cash flows • Increases (decreases) in future cash flows increase (decrease) fair value • Discount rate • Increases (decreases) in discount rate decrease (increase) fair value Black-Scholes model • Volatility • Increases (decreases) in volatility increase (decreases) fair value • Term to maturity • Increases (decreases) in term to maturity increase (decrease) fair value Derivative assets/Derivative liabilities (accounts receivable/payable) 77 / (1,311) Discounted cash flows • Future cash flows • Increases (decreases) in future cash flows increase (decrease) fair value • Discount rate • Increases (decreases) in discount rate decrease (increase) fair value Limited-life funds (subsidiary equity obligations) (1,403) Discounted cash flows • Future cash flows • Increases (decreases) in future cash flows increase (decrease) fair value • Discount rate • Increases (decreases) in discount rate decrease (increase) fair value • Terminal capitalization rate • Increases (decreases) in terminal capitalization rate decrease (increase) fair value • Investment horizon • Increases (decreases) in the investment horizon decrease (increase) fair value Valuation Techniques Significant Unobservable Inputs Relationship of Unobservable Inputs to Fair Value Mitigating Factors Discounted cash flow analysis • Future cash flows • Increases (decreases) in future cash flows increase (decrease) fair value • Increases (decreases) in cash flows tend to be accompanied by increases (decreases) in discount rates that may offset changes in fair value from cash flows • Timber / agricultural prices • Increases (decreases) in price increase (decrease) fair value • Increases (decreases) in price tend to be accompanied by increases (decreases) in discount rates that may offset changes in fair value from price • Discount rate /terminal capitalization rate • Increases (decreases) in discount rate or terminal capitalization rate decrease (increase) fair value • Decreases (increases) in discount rates or terminal capitalization rates tend to be accompanied by increases (decreases) in cash flows that may offset changes in fair value from rates • Exit Date • Increases (decreases) in exit date decrease (increase) fair value • Increases (decreases) in the exit date tend to be the result of changing cash flow profiles that may result in higher (lower) growth in cash flows prior to stabilizing in the terminal year The following table summarizes the key valuation metrics of the company’s investment properties: 2021 2020 AS AT DEC. 31 Discount Terminal Investment Discount Rate Terminal Capitalization Rate Investment Horizon (years) Core 5.9 % 4.6 % 11 6.0 % 4.6 % 11 Transitional and Development 1 7.3 % 5.8 % 10 7.2 % 5.9 % 10 LP investments 1 9.1 % 5.9 % 13 9.4 % 6.0 % 14 Other investment properties 2 8.7% n/a n/a 5.0 – 8.7% n/a n/a 1. The rates presented are for investment properties valued using the discounted cash flow method. These rates exclude multifamily, triple net lease, student housing, manufactured housing and other investment properties valued using the direct capitalization method. 2. Other investment properties include investment properties held in our Infrastructure and Residential Development segments. The following table presents our renewable power and transition property, plant and equipment measured at fair value by geography: AS AT DEC. 31 (MILLIONS) 2021 2020 North America $ 32,629 $ 28,044 Colombia 8,497 8,150 Europe 3,935 4,912 Brazil 3,547 3,005 Other 1 1,709 1,095 $ 50,317 $ 45,206 1. Other refers primarily to China, India and Chile. Key valuation metrics of the company’s hydroelectric, wind and solar generating facilities at the end of 2021 and 2020 are summarized below. North America Brazil Colombia Europe AS AT DEC. 31 2021 2020 2021 2020 2021 2020 2021 2020 Discount rate Contracted 4.1 – 4.3% 4.1 – 4.5% 7.2 % 7.3 % 7.9 % 8.1 % 3.9 % 3.0 – 3.6% Uncontracted 5.4 – 5.6% 5.6 – 6.0% 8.5 % 8.6 % 9.2 % 9.4 % 3.9 % 3.6 – 4.7% Terminal capitalization rate 1 4.8 – 5.1% 5.8 – 6.2% n/a n/a 8.0 % 8.9 % n/a n/a Exit date 2042 2041 2048 2048 2041 2040 2036 2035 1. Terminal capitalization rate applies only to hydroelectric assets in North America and Colombia. Key valuation metrics of the company’s utilities, transport, midstream and sustainable resources assets at the end of 2021 and 2020 are summarized below. Utilities Transport Midstream Sustainable Resources AS AT DEC. 31 2021 2020 2021 2020 2021 2020 2021 2020 Discount rates 7 – 11% 7 – 14% 7 – 14% 7 – 13% 15 % 15 % n/a 6 % Terminal capitalization multiples 20x 7x – 23x 9x – 15x 9x – 14x 10x 10x n/a 6x Investment horizon/Exit date (years) 10 – 20 10 10 10 5 – 10 5 – 10 n/a 10
Disclosure of Power Generating Assets [Table Text Block]	Key assumptions on contracted generation and future power pricing are summarized below: AS AT DEC. 31, 2021 Total Generation Contracted under Power Purchase Agreements Power Prices from Long-Term Power Purchase Agreements (weighted average) Estimates of Future Electricity Prices (weighted average) 1 – 10 years 11 – 20 years 1 – 10 years 11 – 20 years 1 – 10 years 11 – 20 years North America (prices in US$/MWh) 48 % 17 % 82 71 77 114 Brazil (prices in R$/MWh) 83 % 61 % 306 358 282 345 Colombia (prices in COP$/MWh) 30 % 1 % 251,000 313,000 290,000 439,000 Europe (prices in €/MWh) 94 % 66 % 44 39 34 39
Disclosure of detailed information about equity interests classified as liabilities [Table Text Block]	Our infrastructure property, plant and equipment consists of the following: Utilities Transport Midstream Data Sustainable Resources and Other Total AS AT AND FOR THE YEARS ENDED DEC. 31 (MILLIONS) 2021 2020 2021 2020 2021 2020 2021 2020 2021 2020 2021 2020 Cost, beginning of year $ 9,306 $ 8,654 $ 8,698 $ 8,309 $ 4,321 $ 3,971 $ 8,593 $ 1,131 $ 294 $ 389 $ 31,212 $ 22,454 Additions, net of disposals and assets reclassified as held for sale (1,788) 550 312 146 511 277 (103) 51 (294) (16) (1,362) 1,008 Acquisitions through business combinations 180 — 134 — 9,865 — — 7,334 — — 10,179 7,334 Foreign currency translation (116) 102 (145) 243 165 73 (166) 77 2 (79) (260) 416 Cost, end of year 7,582 9,306 8,999 8,698 14,862 4,321 8,324 8,593 2 294 39,769 31,212 Accumulated fair value changes, beginning of year 2,917 2,187 1,047 857 338 317 — — 324 416 4,626 3,777 Disposition and assets reclassified as held for sale (1,399) — — — — — — — (244) — (1,643) — Fair value changes 134 652 48 113 70 21 — — (80) 6 172 792 Foreign currency translation (26) 78 (50) 77 — — — — (2) (98) (78) 57 Accumulated fair value changes, end of year 1,626 2,917 1,045 1,047 408 338 — — (2) 324 3,077 4,626 Accumulated depreciation, beginning of year (1,613) (1,172) (1,404) (950) (356) (208) (263) (88) (35) (41) (3,671) (2,459) Depreciation expenses (352) (419) (481) (498) (270) (141) (419) (189) (4) (10) (1,526) (1,257) Dispositions and assets reclassified as held for sale 682 12 161 134 20 — 45 17 38 7 946 170 Foreign currency translation 11 (34) 56 (90) (16) (7) 8 (3) 1 9 60 (125) Accumulated depreciation, end of year (1,272) (1,613) (1,668) (1,404) (622) (356) (629) (263) — (35) (4,191) (3,671) Balance, end of year $ 7,936 $ 10,610 $ 8,376 $ 8,341 $ 14,648 $ 4,303 $ 7,695 $ 8,330 $ — $ 583 $ 38,655 $ 32,167 Subsidiary equity obligations consist of the following: AS AT DEC. 31 (MILLIONS) Note 2021 2020 Subsidiary preferred equity units (a) $ 1,585 $ 1,679 Limited-life funds and redeemable fund units (b) 1,538 1,456 Subsidiary preferred shares and capital (c) 1,185 564 Total $ 4,308 $ 3,699 AS AT DEC. 31 (MILLIONS, EXCEPT PER SHARE INFORMATION) Shares Outstanding Cumulative Dividend Rate Local Currency 2021 2020 Series 1 — 6.25 % US$ $ — $ 586 Series 2 24,000,000 6.50 % US$ 565 555 Series 3 24,000,000 6.75 % US$ 546 538 New LP Preferred Units 19,273,654 6.25 % US$ 474 — Total $ 1,585 $ 1,679 AS AT DEC. 31 (MILLIONS, EXCEPT PER SHARE INFORMATION) Shares Outstanding Cumulative Dividend Rate Local Currency 2021 2020 Brookfield Property Split Corp. Series 1 842,534 5.25 % US$ $ 21 $ 21 Series 2 556,746 5.75 % C$ 11 11 Series 3 781,592 5.00 % C$ 15 16 Series 4 582,894 5.20 % C$ 12 12 BSREP II RH B LLC (“Manufactured Housing”) preferred capital — 9.00% US$ — 249 Rouse Series A preferred shares 5,600,000 5.00% US$ 142 142 Brookfield India Real Estate Trust (“BIRET”) 138,181,800 See footnote 1 US$ 440 — India Infrastructure Investment Trusts 371,800,000 See footnote 1 INR 471 — BSREP II Vintage Estate Partners LLC (“Vintage Estates”) preferred shares — 5.00% US$ — 40 BIP Investment Corporation Series 1 Senior preferred shares 4,000,000 5.85% C$ 73 73 Total $ 1,185 $ 564

SUBSIDIARY PUBLIC ISSUERS AND_2

SUBSIDIARY PUBLIC ISSUERS AND FINANCE SUBSIDIARY (Tables)	12 Months Ended
SUBSIDIARY PUBLIC ISSUERS AND FINANCE SUBSIDIARY (Tables)	Dec. 31, 2021
Disclosure of subsidiaries [abstract]
Disclosure of interests in subsidiaries [text block]	The following table presents the details of the company’s subsidiaries with significant non-controlling interests: Jurisdiction of Formation Ownership Interest Held by Non-Controlling Interests 1, 2 AS AT DEC. 31 2021 2020 Brookfield Renewable Partners L.P. (“BEP”) 3 Bermuda 51.7 % 49.3 % Brookfield Infrastructure Partners L.P. (“BIP”) 4 Bermuda 72.8 % 71.5 % Brookfield Business Partners L.P. (“BBU”) Bermuda 35.6 % 36.5 % Brookfield Property Group (“BPG”) 5 Bermuda — % 38.3 % 1. Control and associated voting rights of the limited partnerships (BEP, BIP and BBU) reside with their respective general partners which are wholly owned subsidiaries of the company. The company’s general partner interest is entitled to earn base management fees and incentive payments in the form of incentive distribution rights or performance fees. 2. The company’s ownership interest in BEP, BIP, BBU and BPG includes a combination of redemption-exchange units (REUs), Class A limited partnership units, special limited partnership units, general partnership units and units or shares that are exchangeable for units in our listed partnerships, in each subsidiary, where applicable. Each of BEP, BIP, BBU and BPG’s partnership capital includes its Class A limited partnership units whereas REUs and general partnership units are considered non-controlling interests for the respective partnerships. REUs share the same economic attributes in all respects except for the redemption right attached thereto. The REUs and general partnership units participate in earnings and distributions on a per unit basis equivalent to the per unit participation of the Class A limited partnership units of the subsidiary. 3. Ownership interest held by non-controlling interests represents the combined units not held in BEP and Brookfield Renewable Corporation (“BEPC”). 4. Ownership interest held by non-controlling interests represents the combined units not held in BIP and Brookfield Infrastructure Corporation (“BIPC”). 5. BPG includes Brookfield Property Partners L.P. and Brookfield’s wholly owned real estate directly held entities. The ownership interest held by non-controlling interests as at December 31, 2020 represents the ownership interest of non-controlling interests in BPY as of that date. AS AT AND FOR THE YEAR ENDED DEC. 31, 2021 The Corporation 1 BFI BFI II BFL BFL II BF BF BIC Other subsidiaries of the Corporation 2 Consolidating Adjustments 3 The Company Revenues $ 1,373 $ 250 $ — $ 33 $ — $ — $ 9 $ 121 $ 82,663 $ (8,718) $ 75,731 Net income (loss) attributable to shareholders 3,966 (8) — — — — 5 (251) 6,100 (5,846) 3,966 Total assets 84,793 8,256 — 607 — — 843 5,433 400,288 (109,217) 391,003 Total liabilities 38,438 6,387 — 597 — — 603 3,734 237,100 (30,597) 256,262 Non-controlling interest – preferred equity — — — — — — 230 — — — 230 AS AT AND FOR THE YEAR The Corporation 1 BFI BFI II BFL BFL II BF BF BIC Other subsidiaries of the Corporation 2 Consolidating Adjustments 3 The Company Revenues $ 626 $ 280 $ — $ 28 $ — $ — $ 2 $ 163 $ 70,385 $ (8,732) $ 62,752 Net income (loss) attributable to shareholders (134) 73 — — — — 1 91 6,368 (6,533) (134) Total assets 73,898 7,207 — 600 — — 233 4,280 350,687 (93,209) 343,696 Total liabilities 38,060 5,547 — 596 — — 3 2,690 206,877 (32,719) 221,054 Non-controlling interest – preferred equity — — — — — — 230 — — — 230 1. This column accounts for investments in all subsidiaries of the Corporation under the equity method. 2. This column accounts for investments in all subsidiaries of the Corporation other than BFI, BFL, BIC, BFI II, BF AUS, BF U.K. and BFL II on a combined basis. 3. This column includes the necessary amounts to present the company on a consolidated basis.

EQUITY (Tables)

EQUITY (Tables)	12 Months Ended
EQUITY (Tables)	Dec. 31, 2021
Equity [abstract]
Schedule of equity	Equity consists of the following: AS AT DEC. 31 (MILLIONS) Note 2021 2020 Preferred equity (a) $ 4,145 $ 4,145 Non-controlling interests (b) 88,386 86,804 Common equity (c) 42,210 31,693 $ 134,741 $ 122,642 Preferred equity includes perpetual preferred shares and rate-reset preferred shares and consists of the following: Average Rate AS AT DEC. 31 (MILLIONS) 2021 2020 2021 2020 Perpetual preferred shares Floating rate 2.32 % 1.76 % $ 505 $ 531 Fixed rate 4.82 % 4.82 % 739 739 3.81 % 3.54 % 1,244 1,270 Fixed rate-reset preferred shares 4.07 % 4.07 % 2,901 2,875 4.00 % 3.91 % $ 4,145 $ 4,145 Further details on each series of preferred shares are as follows: Issued and Outstanding AS AT DEC. 31 (MILLIONS, EXCEPT PER SHARE INFORMATION) Rate 2021 2020 2021 2020 Class A preferred shares Perpetual preferred shares Series 2 70% P 10,457,685 10,457,685 $ 169 $ 169 Series 4 70% P 2,795,910 2,795,910 45 45 Series 8 2 Variable up to P 3,321,486 2,476,185 54 42 Series 13 70% P 9,290,096 9,290,096 195 195 Series 15 B.A. + 40 b.p. 1 2,000,000 2,000,000 42 42 Series 17 4.75 % 7,840,204 7,840,204 171 171 Series 18 4.75 % 7,866,749 7,866,749 178 178 Series 25 3 — — 1,529,133 — 38 Series 36 4.85 % 7,842,909 7,842,909 197 197 Series 37 4.90 % 7,830,091 7,830,091 193 193 1,244 1,270 Rate-reset preferred shares 4 Series 9 2 2.75 % 670,680 1,515,981 9 21 Series 24 3 3.24 % 10,808,027 9,278,894 265 227 Series 26 3.47 % 9,770,928 9,770,928 240 240 Series 28 2.73 % 9,233,927 9,233,927 232 232 Series 30 4.69 % 9,787,090 9,787,090 241 241 Series 32 5.06 % 11,750,299 11,750,299 297 297 Series 34 5 4.44 % 9,876,735 9,876,735 253 253 Series 38 6 3.57 % 7,906,132 7,906,132 179 179 Series 40 7 4.03 % 11,841,025 11,841,025 271 271 Series 42 8 3.25 % 11,887,500 11,887,500 266 266 Series 44 5.00 % 9,831,929 9,831,929 187 187 Series 46 4.80 % 11,740,797 11,740,797 217 217 Series 48 4.75 % 11,885,972 11,885,972 244 244 2,901 2,875 Total $ 4,145 $ 4,145 1. Rate determined quarterly. 2. 8,202 shares were converted from Series 8 to Series 9 and 853,503 shares were converted from Series 9 to Series 8 on November 1, 2021. 3. All Series 25 shares were converted into Series 24 on a one-for-one basis effective June 30, 2021. 4. Dividend rates are fixed for 5 to 6 years from the quarter end dates after issuance, June 30, 2011, March 31, 2012, June 30, 2012, December 31, 2012, September 30, 2013, March 31, 2014, June 30, 2014, December 31, 2014, December 31, 2015, December 31, 2016 and December 31, 2017, respectively and reset after 5 to 6 years to the 5-year Government of Canada bond rate plus between 180 and 417 basis points. 5. Dividend rate reset commenced March 31, 2019. 6. Dividend rate reset commenced March 31, 2020. 7. Dividend rate reset commenced September 30, 2019. 8. Dividend rate reset commenced June 30, 2020. P – Prime Rate, B.A. – Bankers’ Acceptance Rate, b.p. – Basis Points. Non-controlling interests represent the common and preferred equity in consolidated entities that are owned by other shareholders. AS AT DEC. 31 (MILLIONS) 2021 2020 Common equity $ 82,898 $ 80,915 Preferred equity 5,488 5,889 Total $ 88,386 $ 86,804 Further information on non-controlling interests is provided in Note 4 – Subsidiaries. The number of issued and outstanding Class A and Class B shares and unexercised options are as follows: AS AT DEC. 31 2021 2020 Class A shares 1 1,568,743,821 1,510,635,291 Class B shares 85,120 85,120 Shares outstanding 1 1,568,828,941 1,510,720,411 Unexercised options, other share-based plans 2 and exchangeable shares of affiliate 82,825,207 62,975,947 Total diluted shares 1,651,654,148 1,573,696,358 1. Net of 69,663,192 Class A shares held by the company in respect of long-term compensation agreements as at December 31, 2021 (December 31, 2020 – 64,197,815). FOR THE YEARS ENDED DEC. 31 2021 2020 Outstanding, beginning of year 1 1,510,720,411 1,509,293,641 Issued (Repurchased) Issuances 61,276,716 — Repurchases (9,662,117) (8,932,576) Long-term share ownership plans 2 6,369,972 10,137,294 Dividend reinvestment plan and other 123,959 222,052 Outstanding, end of year 3 1,568,828,941 1,510,720,411 1. Net of 64,197,815 Class A shares held by the company in respect of long-term compensation agreements as at December 31, 2020 (December 31, 2019 – 63,417,346). 2. Includes management share option plan and restricted stock plan.
Disclosure of components of common equity	The company’s common equity is comprised of the following: AS AT DEC. 31 (MILLIONS) 2021 2020 Common shares $ 10,538 $ 7,368 Contributed surplus 320 285 Retained earnings 17,705 15,178 Ownership changes 6,243 2,691 Accumulated other comprehensive income 7,404 6,171 Common equity $ 42,210 $ 31,693
Schedule of basic and diluted earnings per share	The components of basic and diluted earnings per share are summarized in the following table: FOR THE YEARS ENDED DEC. 31 (MILLIONS) 2021 2020 Net income (loss) attributable to shareholders $ 3,966 $ (134) Preferred share dividends (148) (141) Dilutive effect of conversion of subsidiary preferred shares (26) 93 Net income (loss) available to shareholders 3,792 (182) Dilutive impact of exchangeable shares 2 — Net income (loss) available to shareholders including dilutive impact of exchangeable shares $ 3,794 $ (182) FOR THE YEARS ENDED DEC. 31 (MILLIONS) 2021 2020 1 Weighted average – Class A and Class B shares 1,536.5 1,511.4 Dilutive effect of conversion of options and escrowed shares using treasury stock method and exchangeable shares of affiliate 50.4 — Class A and Class B shares and share equivalents 1,586.9 1,511.4 1. Adjusted to reflect the three-for-two stock split effective on April 1, 2020.
Schedule of expense recognized for share-based compensation	The expense recognized for share-based compensation is summarized in the following table: FOR THE YEARS ENDED DEC. 31 (MILLIONS) 2021 2020 Expense arising from equity-settled share-based payment transactions $ 110 $ 89 Expense arising from cash-settled share-based payment transactions 681 104 Total expense arising from share-based payment transactions 791 193 Effect of hedging program (670) (99) Total expense included in consolidated income $ 121 $ 94
Schedule of number and weighted average exercise prices of share options	The changes in the number of options during 2021 and 2020 were as follows: NYSE Number of Options (000’s) 1 Weighted- Average Exercise Price Outstanding as at January 1, 2021 47,367 US$ 25.08 Granted 4,185 43.43 Exercised (7,388) 20.15 Cancelled (370) 34.49 Outstanding as at December 31, 2021 43,794 US$ 27.58 1. Options to acquire NYSE listed Class A shares. NYSE Number of Options (000’s) 1 Weighted- Average Exercise Price Outstanding as at January 1, 2020 50,703 US$ 22.69 Granted 3,341 45.21 Exercised (6,382) 16.50 Cancelled (295) 27.80 Outstanding as at December 31, 2020 47,367 US$ 25.08 1. Options to acquire NYSE listed Class A shares. The weighted-average fair value of options granted for the year ended December 31, 2021 was $6.97 (2020 – $5.54), and was determined using the Black-Scholes valuation model, with inputs to the model as follows: FOR THE YEARS ENDED DEC. 31 Unit 2021 2020 Weighted-average share price US$ 43.43 45.21 Average term to exercise Years 7.5 7.5 Share price volatility 1 % 24.4 17.0 Liquidity discount % 25.0 25.0 Weighted-average annual dividend yield % 1.7 1.5 Risk-free rate % 1.0 1.4 1. Share price volatility was determined based on historical share prices over a similar period to the average term to exercise. At December 31, 2021 , the following options to purchase Class A shares were outstanding: Options Outstanding (000’s) Exercise Price Weighted-Average Remaining Life Vested Unvested Total US$10.30 – US$15.35 0.2 years 629 — 629 US$16.81 – US$20.39 2.8 years 10,238 — 10,238 US$22.50 – US$26.93 5.0 years 14,473 3,856 18,329 US$29.48 – US$38.64 7.2 years 3,083 4,173 7,256 US$43.43 – US$45.21 8.7 years 646 6,696 7,342 29,069 14,725 43,794 At December 31, 2020, the following options to purchase Class A shares were outstanding: Options Outstanding (000’s) Exercise Price Weighted-Average Remaining Life Vested Unvested Total US$10.30 – US$15.35 1.0 years 2,254 — 2,254 US$15.58 – US$20.39 3.8 years 11,860 1,131 12,991 US$22.50 – US$26.93 5.9 years 14,280 7,010 21,290 US$29.48 – US$38.64 8.2 years 1,833 5,672 7,505 US$45.21 9.2 years — 3,327 3,327 30,227 17,140 47,367 The change in the number of ES shares during 2021 and 2020 was as follows: Number of Weighted- Average Exercise Price Outstanding at January 1, 2021 46,716 $ 28.88 Granted 5,300 43.53 Exercised (1,621) 20.01 Cancelled (17) 44.35 Outstanding at December 31, 2021 50,378 $ 30.70 Number of Weighted- Average Exercise Price Outstanding at January 1, 2020 54,791 $ 25.82 Granted 3,841 45.21 Exercised (11,613) 19.66 Cancelled (303) 35.85 Outstanding at December 31, 2020 46,716 $ 28.88
Schedule of options granted using black-scholes module	The weighted-average fair value of escrowed shares granted for the year ended December 31, 2021 was $6.99 (2020 – $5.54), and was determined using the Black-Scholes model of valuation with inputs to the model as follows: FOR THE YEARS ENDED DEC. 31 Unit 2021 2020 Weighted-average share price US$ 43.53 45.21 Average term to exercise Years 7.5 7.5 Share price volatility 1 % 24.4 17.0 Liquidity discount % 25.0 25.0 Weighted-average annual dividend yield % 1.6 1.5 Risk-free rate % 1.0 1.4 1. Share price volatility was determined based on historical share prices over a similar period to the average term to exercise.

REVENUES (Tables)

REVENUES (Tables)	12 Months Ended
REVENUES (Tables)	Dec. 31, 2021
Disclosure of disaggregation of revenue from contracts with customers [abstract]
Disclosure of disaggregation of revenue [Table Text Block]	Revenue by Type FOR THE YEAR ENDED Asset Corporate Renewable Infrastructure Private Real Estate Residential Total Revenue from contracts with customers $ 306 $ — $ 4,041 $ 11,204 $ 44,558 $ 3,259 $ 2,463 $ 65,831 Other revenue — 169 539 737 1,694 6,664 97 9,900 $ 306 $ 169 $ 4,580 $ 11,941 $ 46,252 $ 9,923 $ 2,560 $ 75,731 FOR THE YEAR ENDED DEC. 31, 2020 (MILLIONS) Asset Corporate Renewable Infrastructure Private Real Estate Residential Total Revenue from contracts with customers $ 246 $ — $ 3,757 $ 8,611 $ 35,599 $ 2,403 $ 2,170 $ 52,786 Other revenue — 872 328 683 1,562 6,448 73 9,966 $ 246 $ 872 $ 4,085 $ 9,294 $ 37,161 $ 8,851 $ 2,243 $ 62,752
Disclosure of maturity analysis of finance lease payments receivable [text block]	Timing of Recognition of Revenue from Contracts with Customers FOR THE YEAR ENDED DEC. 31, 2021 (MILLIONS) Asset Corporate Renewable Infrastructure Private Real Estate Residential Total Goods and services provided at a point in time $ — $ — $ 137 $ 137 $ 37,676 $ 637 $ 2,450 $ 41,037 Services transferred over a period of time 306 — 3,904 11,067 6,882 2,622 13 24,794 $ 306 $ — $ 4,041 $ 11,204 $ 44,558 $ 3,259 $ 2,463 $ 65,831 FOR THE YEAR ENDED DEC. 31, 2020 (MILLIONS) Asset Corporate Renewable Infrastructure Private Real Estate Residential Total Goods and services provided at a point in time $ — $ — $ 143 $ 160 $ 28,944 $ 553 $ 2,167 $ 31,967 Services transferred over a period of time 246 — 3,614 8,451 6,655 1,850 3 20,819 $ 246 $ — $ 3,757 $ 8,611 $ 35,599 $ 2,403 $ 2,170 $ 52,786 The following table presents the undiscounted contractual earnings receivable of the company’s leases by expected period of receipt: Payments Receivable by Period AS AT DEC. 31, 2021 (MILLIONS) Less than 1 Year 1 – 3 Years 4 – 5 Years After 5 Years Total Receivables from lease contracts $ 5,072 $ 8,090 $ 6,333 $ 14,355 $ 33,850 Payments Receivable by Period AS AT DEC. 31, 2020 (MILLIONS) Less than 1 Year 1 – 3 Years 4 – 5 Years After 5 Years Total Receivables from lease contracts $ 4,738 $ 8,385 $ 6,661 $ 15,971 $ 35,755

FAIR VALUE CHANGES (Tables)

FAIR VALUE CHANGES (Tables)	12 Months Ended
FAIR VALUE CHANGES (Tables)	Dec. 31, 2021
Fair Value Measurement [Abstract]
Fair value changes	Fair value changes recorded in net income represent gains or losses arising from changes in the fair value of assets and liabilities, including derivative financial instruments, accounted for using the fair value method and are comprised of the following: FOR THE YEARS ENDED DEC. 31 (MILLIONS) 2021 2020 Investment properties $ 5,073 $ (269) Transaction related gains, net of expenses 714 20 Financial contracts 984 686 Impairment and provisions (654) (808) Other fair value changes (966) (1,052) $ 5,151 $ (1,423)

ORGANIZATION AND CAPITAL MANA_3

ORGANIZATION AND CAPITAL MANAGEMENT - Narrative (Details)	Dec. 31, 2021
Bottom of range
Summary of the Corporation's Capital [Line Items]
Target return	1200.00%
Top of range
Summary of the Corporation's Capital [Line Items]
Target return	1500.00%

ORGANIZATION AND CAPITAL MANA_4

ORGANIZATION AND CAPITAL MANAGEMENT - Summary of the Corporation's capital (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Management Commentary Explanatory [Line Items]
Financial assets	$ 44,558	$ 41,335
Other financial assets	16,546	17,730
Common Equity in Managed Investments	0	0
Corporation's Capital	310,673	271,043
Equity	134,741	122,642
Non-controlling interest - preferred equity	230	230
Financial liabilities	223,744	193,217
Corporate borrowings
Management Commentary Explanatory [Line Items]
Financial liabilities	10,875	9,077
Non-controlling interests
Management Commentary Explanatory [Line Items]
Equity	88,386	86,804
Common shares \| Common equity
Management Commentary Explanatory [Line Items]
Equity	42,210	31,693
Common shares \| Non-controlling interests
Management Commentary Explanatory [Line Items]
Equity	82,898	80,915
Preferred shares \| Preferred equity
Management Commentary Explanatory [Line Items]
Equity	4,145	4,145
Preferred shares \| Non-controlling interests
Management Commentary Explanatory [Line Items]
Equity	5,488	5,889
Cash And Cash Equivalents1
Management Commentary Explanatory [Line Items]
Financial assets	12,694	9,933
The Corporation
Management Commentary Explanatory [Line Items]
Other financial assets	3,430	3,809
Common Equity in Managed Investments	46,248	33,732
Other Assets and Liabilities	6,585	6,321
Corporation's Capital	57,460	45,145
The Corporation \| Corporate borrowings
Management Commentary Explanatory [Line Items]
Financial liabilities	10,875	9,077
The Corporation \| Common shares \| Common equity
Management Commentary Explanatory [Line Items]
Equity	42,210	31,693
The Corporation \| Preferred shares \| Preferred equity
Management Commentary Explanatory [Line Items]
Non-controlling interest - preferred equity	230	230
The Corporation \| Cash And Cash Equivalents1
Management Commentary Explanatory [Line Items]
Financial assets	1,197	1,283
Managed Investments
Management Commentary Explanatory [Line Items]
Financial assets	11,497	8,650
Other financial assets	13,116	13,921
Common Equity in Managed Investments	0	0
Corporation's Capital	299,461	259,630
Managed Investments \| Corporate borrowings
Management Commentary Explanatory [Line Items]
Financial liabilities	0	0
Managed Investments \| Common shares \| Common equity
Management Commentary Explanatory [Line Items]
Equity	46,248	33,732
Managed Investments \| Preferred shares \| Preferred equity
Management Commentary Explanatory [Line Items]
Equity	0	0
Non-controlling interest - preferred equity	88,156	86,574
Elimination
Management Commentary Explanatory [Line Items]
Common Equity in Managed Investments	(46,248)	(33,732)
Corporation's Capital	(46,248)	(33,732)
Elimination \| Common shares \| Common equity
Management Commentary Explanatory [Line Items]
Equity	$ (46,248)	$ (33,732)

ORGANIZATION AND CAPITAL MANA_5

ORGANIZATION AND CAPITAL MANAGEMENT - Reconciliation of the Corporation's Capital (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Management Commentary Explanatory [Line Items]
Financial assets	$ 44,558	$ 41,335
Other financial assets	16,546	17,730
Accounts receivable and other	21,760	18,928
Inventory	11,415	10,360
Equity accounted investments	46,100	41,327	$ 40,698
Investment properties	100,865	96,782	96,686
Property, plant and equipment	115,489	100,009
Intangible assets	30,609	24,658	27,710
Goodwill	20,227	14,714	$ 14,550
Deferred income tax assets	3,340	3,338
Accounts payable and other	(52,546)	(50,682)
Liabilities associated with assets classified as held for sale	(3,148)	(2,359)
Deferred income tax liabilities	(20,328)	(15,913)
Subsidiary equity obligations	(4,308)	(3,699)
Net Assets Before Common Equity in Managed Investments	310,673	271,043
Common Equity in Managed Investments	0	0
Corporation's Capital	310,673	271,043
Financial liabilities	223,744	193,217
Non-recourse borrowings of managed entities	165,057	139,324
Equity	134,741	122,642
Non-controlling interest - preferred equity	230	230
Corporate borrowings
Management Commentary Explanatory [Line Items]
Financial liabilities	10,875	9,077
Cash And Cash Equivalents1
Management Commentary Explanatory [Line Items]
Financial assets	12,694	9,933
Assets and liabilities classified as held for sale
Management Commentary Explanatory [Line Items]
Accounts receivable and other	298	67
Assets classified as held for sale		5,917
Equity accounted investments	276	1,533
Investment properties	9,053	4,224
Property, plant and equipment	1,874	82
Goodwill	220	0
Deferred income tax assets	24	0
Accounts payable and other	(139)	(118)
Liabilities associated with assets classified as held for sale	(3,148)	(2,359)
Deferred income tax liabilities	0	(7)
Non-recourse borrowings of managed entities	3,009	2,234
Non-controlling interests
Management Commentary Explanatory [Line Items]
Equity	88,386	86,804
Preferred shares \| Preferred equity
Management Commentary Explanatory [Line Items]
Equity	4,145	4,145
Preferred shares \| Non-controlling interests
Management Commentary Explanatory [Line Items]
Equity	5,488	5,889
Common shares \| Non-controlling interests
Management Commentary Explanatory [Line Items]
Equity	82,898	80,915
Common shares \| Common equity
Management Commentary Explanatory [Line Items]
Equity	42,210	31,693
The Corporation
Management Commentary Explanatory [Line Items]
Other financial assets	3,430	3,809
Accounts receivable and other	2,697	3,632
Inventory	2	2
Equity accounted investments	6,553	5,361
Investment properties	16	17
Property, plant and equipment	215	122
Intangible assets	215	285
Goodwill	361	368
Deferred income tax assets	2,064	2,159
Accounts payable and other	(5,104)	(5,134)
Deferred income tax liabilities	(299)	(414)
Subsidiary equity obligations	(135)	(77)
Net Assets Before Common Equity in Managed Investments	11,212	11,413
Common Equity in Managed Investments	46,248	33,732
Corporation's Capital	57,460	45,145
The Corporation \| Corporate borrowings
Management Commentary Explanatory [Line Items]
Financial liabilities	10,875	9,077
The Corporation \| Cash And Cash Equivalents1
Management Commentary Explanatory [Line Items]
Financial assets	1,197	1,283
The Corporation \| Preferred shares \| Preferred equity
Management Commentary Explanatory [Line Items]
Non-controlling interest - preferred equity	230	230
The Corporation \| Common shares \| Common equity
Management Commentary Explanatory [Line Items]
Equity	42,210	31,693
The Corporation \| Preferred equity \| Preferred shares
Management Commentary Explanatory [Line Items]
Equity	4,145	4,145
Managed Investments
Management Commentary Explanatory [Line Items]
Financial assets	11,497	8,650
Other financial assets	13,116	13,921
Accounts receivable and other	19,694	17,401
Inventory	11,413	10,358
Assets classified as held for sale	11,958	5,917
Equity accounted investments	39,547	35,966
Investment properties	100,849	96,765
Property, plant and equipment	115,274	99,887
Intangible assets	30,394	24,373
Goodwill	19,866	14,346
Deferred income tax assets	1,276	1,179
Accounts payable and other	(48,073)	(47,653)
Liabilities associated with assets classified as held for sale	(3,148)	(2,359)
Deferred income tax liabilities	(20,029)	(15,499)
Subsidiary equity obligations	(4,173)	(3,622)
Net Assets Before Common Equity in Managed Investments	299,461	259,630
Common Equity in Managed Investments	0	0
Corporation's Capital	299,461	259,630
Non-recourse borrowings of managed entities	165,057	139,324
Managed Investments \| Corporate borrowings
Management Commentary Explanatory [Line Items]
Financial liabilities	0	0
Managed Investments \| Preferred shares \| Preferred equity
Management Commentary Explanatory [Line Items]
Equity	0	0
Non-controlling interest - preferred equity	88,156	86,574
Managed Investments \| Common shares \| Common equity
Management Commentary Explanatory [Line Items]
Equity	46,248	33,732
Elimination
Management Commentary Explanatory [Line Items]
Accounts receivable and other	(631)	(2,105)
Accounts payable and other	(631)	2,105
Subsidiary equity obligations	0
Common Equity in Managed Investments	(46,248)	(33,732)
Corporation's Capital	(46,248)	(33,732)
Elimination \| Common shares \| Common equity
Management Commentary Explanatory [Line Items]
Equity	$ (46,248)	$ (33,732)

SIGNIFICANT ACCOUNTING POLICI_3

SIGNIFICANT ACCOUNTING POLICIES - Narrative (Details) $ in Millions	12 Months Ended
	Dec. 31, 2021USD ($)yr	Dec. 31, 2020USD ($)yr
Disclosure of initial application of standards or interpretations [line items]
Assets \| $	$ 391,003	$ 343,696
Right-of-use assets \| $	$ 4,100	$ 3,300
Renewable Power
Disclosure of initial application of standards or interpretations [line items]
Useful lives or depreciation rates, property, plant and equipment	31	32
Top of range \| Bridges, Roads and Equipment \| Infrastructure
Disclosure of initial application of standards or interpretations [line items]
Useful lives or depreciation rates, property, plant and equipment	25
Bottom of range \| Bridges, Roads and Equipment \| Infrastructure
Disclosure of initial application of standards or interpretations [line items]
Useful lives or depreciation rates, property, plant and equipment	3

SIGNIFICANT ACCOUNTING POLICI_4

SIGNIFICANT ACCOUNTING POLICIES - Property, Plant, and Equipment (Details)	12 Months Ended
	Dec. 31, 2021yr
Dams [Member] \| Renewable Power
Disclosure of detailed information about property, plant and equipment [line items]
Useful lives, property, plant and equipment	115
Penstocks [Member] \| Renewable Power
Disclosure of detailed information about property, plant and equipment [line items]
Useful lives, property, plant and equipment	60
Powerhouses [Member] \| Renewable Power
Disclosure of detailed information about property, plant and equipment [line items]
Useful lives, property, plant and equipment	115
Hydroelectric Generating Units [Member] \| Renewable Power
Disclosure of detailed information about property, plant and equipment [line items]
Useful lives, property, plant and equipment	115
Wind Generating Units [Member] \| Renewable Power
Disclosure of detailed information about property, plant and equipment [line items]
Useful lives, property, plant and equipment	30
Solar Generating units [Member] \| Renewable Power
Disclosure of detailed information about property, plant and equipment [line items]
Useful lives, property, plant and equipment	35
Cogeneration Units [Member] \| Renewable Power
Disclosure of detailed information about property, plant and equipment [line items]
Useful lives, property, plant and equipment	40
Other assets [member] \| Renewable Power
Disclosure of detailed information about property, plant and equipment [line items]
Useful lives, property, plant and equipment	60
Buildings [member] \| Infrastructure
Disclosure of detailed information about property, plant and equipment [line items]
Useful lives, property, plant and equipment	75
Buildings [member] \| Real Estate \| Bottom of range
Disclosure of detailed information about property, plant and equipment [line items]
Useful lives, property, plant and equipment	2
Buildings [member] \| Real Estate \| Top of range
Disclosure of detailed information about property, plant and equipment [line items]
Useful lives, property, plant and equipment	50
Buildings [member] \| Private Equity
Disclosure of detailed information about property, plant and equipment [line items]
Useful lives, property, plant and equipment	50
Transmission stations, towers and related fixtures [Member] \| Infrastructure
Disclosure of detailed information about property, plant and equipment [line items]
Useful lives, property, plant and equipment	40
Leasehold improvements [member] \| Infrastructure
Disclosure of detailed information about property, plant and equipment [line items]
Useful lives, property, plant and equipment	50
Leasehold improvements [member] \| Private Equity
Disclosure of detailed information about property, plant and equipment [line items]
Useful lives, property, plant and equipment	40
Plant and equipment [Member] \| Infrastructure
Disclosure of detailed information about property, plant and equipment [line items]
Useful lives, property, plant and equipment	40
Network Systems [Member] \| Infrastructure
Disclosure of detailed information about property, plant and equipment [line items]
Useful lives, property, plant and equipment	65
7948 Services, Racing, Including Track Operation \| Infrastructure
Disclosure of detailed information about property, plant and equipment [line items]
Useful lives, property, plant and equipment	40
District energy systems [Member] \| Infrastructure
Disclosure of detailed information about property, plant and equipment [line items]
Useful lives, property, plant and equipment	50
486990 All Other Pipeline Transportation \| Infrastructure
Disclosure of detailed information about property, plant and equipment [line items]
Useful lives, property, plant and equipment	20
Gas storage assets [Member] \| Infrastructure
Disclosure of detailed information about property, plant and equipment [line items]
Useful lives, property, plant and equipment	50
Land improvements [Member] \| Real Estate
Disclosure of detailed information about property, plant and equipment [line items]
Useful lives, property, plant and equipment	15
Furniture, fixtures and equipment \| Real Estate \| Bottom of range
Disclosure of detailed information about property, plant and equipment [line items]
Useful lives, property, plant and equipment	1
Furniture, fixtures and equipment \| Real Estate \| Top of range
Disclosure of detailed information about property, plant and equipment [line items]
Useful lives, property, plant and equipment	10
Machinery And Equipment1 [Member] \| Private Equity
Disclosure of detailed information about property, plant and equipment [line items]
Useful lives, property, plant and equipment	30
Ships [member] \| Private Equity
Disclosure of detailed information about property, plant and equipment [line items]
Useful lives, property, plant and equipment	35

SIGNIFICANT ACCOUNTING POLICI_5

SIGNIFICANT ACCOUNTING POLICIES - Intangible Assets Other Than Goodwill (Details) (Details) - Private Equity	12 Months Ended
	Dec. 31, 2021
Water and sewage concession agreements [Member]
Disclosure of detailed information about intangible assets [line items]
Useful Lives Or Amortisation Rates, Intangible Assets Other Than Goodwill, Period	40 years
Brand names [member]
Disclosure of detailed information about intangible assets [line items]
Useful Lives Or Amortisation Rates, Intangible Assets Other Than Goodwill, Period	20 years
Computer software [member]
Disclosure of detailed information about intangible assets [line items]
Useful Lives Or Amortisation Rates, Intangible Assets Other Than Goodwill, Period	10 years
Customer-related intangible assets [member]
Disclosure of detailed information about intangible assets [line items]
Useful Lives Or Amortisation Rates, Intangible Assets Other Than Goodwill, Period	30 years
Value of insurance contracts acquired [Domain]
Disclosure of detailed information about intangible assets [line items]
Useful Lives Or Amortisation Rates, Intangible Assets Other Than Goodwill, Period	15 years
Patents and Trademarks
Disclosure of detailed information about intangible assets [line items]
Useful Lives Or Amortisation Rates, Intangible Assets Other Than Goodwill, Period	40 years
Proprietary technology
Disclosure of detailed information about intangible assets [line items]
Useful Lives Or Amortisation Rates, Intangible Assets Other Than Goodwill, Period	20 years
Product development costs
Disclosure of detailed information about intangible assets [line items]
Useful Lives Or Amortisation Rates, Intangible Assets Other Than Goodwill, Period	5 years
Distribution networks [Member]
Disclosure of detailed information about intangible assets [line items]
Useful Lives Or Amortisation Rates, Intangible Assets Other Than Goodwill, Period	25 years
Loyalty program [Member]
Disclosure of detailed information about intangible assets [line items]
Useful Lives Or Amortisation Rates, Intangible Assets Other Than Goodwill, Period	15 years

SEGMENTED INFORMATION - Narrati

SEGMENTED INFORMATION - Narrative (Details) $ in Millions	3 Months Ended		12 Months Ended
SEGMENTED INFORMATION - Narrative (Details) $ in Millions	Dec. 31, 2021USD ($)	Dec. 31, 2020USD ($)	Dec. 31, 2021USD ($)	Dec. 31, 2020USD ($)
Disclosure of operating segments [line items]
Number of operating business groups	5		5
Number of reportable segments	7		7
Revenue			$ 75,731	$ 62,752
Interest			(7,604)	(7,213)
Realized disposition gains in fair value changes or equity			2,861	1,554
Realized disposition gains related to prior periods			2,000	499
Realized disposition gains recorded directly in equity			751	1,100
Realized Disposition Gain (Loss), in Fair Value Changes			136	29
Asset management
Disclosure of operating segments [line items]
Revenue			306	246
Private Equity
Disclosure of operating segments [line items]
Revenue			46,252	37,161
Elimination of intersegment amounts
Disclosure of operating segments [line items]
Revenue	$ 5,381	$ 3,930
Intersegment interest income and other revenues	33		42
Interest			28	8
Elimination of intersegment amounts \| Asset management
Disclosure of operating segments [line items]
Revenue	4,900		4,930	3,278
Elimination of intersegment amounts \| Private Equity
Disclosure of operating segments [line items]
Revenue			$ 431	$ 614
Revenue from construction contracts	$ 418	$ 610

SEGMENTED INFORMATION - Financi

SEGMENTED INFORMATION - Financial Information by Segment (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure of operating segments [line items]
Revenue			$ 75,731	$ 62,752
Funds From Operations From Equity Accounted Investments	$ 3,806	$ 3,091	3,806	3,091
Interest			(7,604)	(7,213)
Current income taxes	(1,114)	(756)	(1,114)	(756)
Funds from operations	(7,558)	(5,180)	(7,558)	(5,180)
Equity	134,741	122,642	134,741	122,642
Equity accounted investments	46,100	41,327	$ 46,100	$ 41,327	$ 40,698
Additions to non-current assets	$ 60,831	$ 26,872
Oaktree [Member]
Disclosure of operating segments [line items]
Proportion of ownership interest in associate or joint venture	62.00%	62.00%	62.00%	62.00%
Basis of Calculation		100.00%	100.00%
Common shares \| Common equity
Disclosure of operating segments [line items]
Equity	$ 42,210	$ 31,693	$ 42,210	$ 31,693
Elimination of intersegment amounts
Disclosure of operating segments [line items]
Revenue	5,381	3,930
Interest			28	8
Operating segments
Disclosure of operating segments [line items]
Revenue	81,112	66,682
Interest	(7,604)	(7,216)
Asset management
Disclosure of operating segments [line items]
Revenue			306	246
Funds From Operations From Equity Accounted Investments	558			277
Current income taxes	0			0
Funds from operations			(2,614)	(1,776)
Equity accounted investments	4,496	4,530	4,496	4,530
Additions to non-current assets	0			64
Asset management \| Common shares \| Common equity
Disclosure of operating segments [line items]
Equity	4,905	4,947	4,905	4,947
Asset management \| Elimination of intersegment amounts
Disclosure of operating segments [line items]
Revenue	4,900		4,930	3,278
Asset management \| Elimination of intersegment amounts \| Oaktree [Member]
Disclosure of operating segments [line items]
Revenue	2,300	1,200
Asset management \| Operating segments
Disclosure of operating segments [line items]
Revenue	5,236	3,524
Interest	0			0
Corporate Activities
Disclosure of operating segments [line items]
Revenue			169	872
Funds From Operations From Equity Accounted Investments	63			(17)
Current income taxes			38	67
Funds from operations			(370)	86
Equity accounted investments	2,056	830	2,056	830
Additions to non-current assets	1,332			234
Corporate Activities \| Common shares \| Common equity
Disclosure of operating segments [line items]
Equity	(8,942)	(6,986)	(8,942)	(6,986)
Corporate Activities \| Elimination of intersegment amounts
Disclosure of operating segments [line items]
Revenue			(18)	(1)
Corporate Activities \| Operating segments
Disclosure of operating segments [line items]
Revenue	151	871
Interest	(414)			388
Renewable Power
Disclosure of operating segments [line items]
Revenue			4,580	4,085
Funds From Operations From Equity Accounted Investments	187			116
Current income taxes	(43)			66
Funds from operations			(1,044)	(1,044)
Additions to non-current assets	5,001			1,677
Renewable Power \| Other [Member]
Disclosure of operating segments [line items]
Equity accounted investments	1,801	1,444	1,801	1,444
Renewable Power \| Common shares \| Common equity
Disclosure of operating segments [line items]
Equity	5,264	5,154	5,264	5,154
Renewable Power \| Elimination of intersegment amounts
Disclosure of operating segments [line items]
Revenue			0	0
Renewable Power \| Operating segments
Disclosure of operating segments [line items]
Revenue	4,580	4,085
Interest	(892)			885
Infrastructure
Disclosure of operating segments [line items]
Revenue			11,941	9,294
Funds From Operations From Equity Accounted Investments	1,697			1,329
Current income taxes	(402)			247
Funds from operations			(797)	(569)
Equity accounted investments	9,569	10,530	9,569	10,530
Additions to non-current assets	18,248			11,200
Infrastructure \| Common shares \| Common equity
Disclosure of operating segments [line items]
Equity	3,022	2,552	3,022	2,552
Infrastructure \| Elimination of intersegment amounts
Disclosure of operating segments [line items]
Revenue			6	7
Infrastructure \| Operating segments
Disclosure of operating segments [line items]
Revenue	11,947	9,301
Interest	(1,502)			1,224
Private Equity
Disclosure of operating segments [line items]
Revenue			46,252	37,161
Funds From Operations From Equity Accounted Investments	448			600
Current income taxes	(537)			286
Funds from operations			(2,030)	(935)
Equity accounted investments	2,945	2,623	2,945	2,623
Additions to non-current assets	14,161			3,535
Private Equity \| Common shares \| Common equity
Disclosure of operating segments [line items]
Equity	3,565	3,965	3,565	3,965
Private Equity \| Elimination of intersegment amounts
Disclosure of operating segments [line items]
Revenue			431	614
Private Equity \| Operating segments
Disclosure of operating segments [line items]
Revenue	46,683	37,775
Interest	(1,503)			1,573
Real Estate
Disclosure of operating segments [line items]
Revenue			9,923	8,851
Funds From Operations From Equity Accounted Investments	742			765
Current income taxes	(77)			82
Funds from operations			(1,185)	(876)
Equity accounted investments	24,829	21,024	24,829	21,024
Additions to non-current assets	21,918			10,117
Real Estate \| Common shares \| Common equity
Disclosure of operating segments [line items]
Equity	32,004	19,331	32,004	19,331
Real Estate \| Elimination of intersegment amounts
Disclosure of operating segments [line items]
Revenue			32	32
Real Estate \| Operating segments
Disclosure of operating segments [line items]
Revenue	9,955	8,883
Interest	(3,225)			3,117
Residential Development
Disclosure of operating segments [line items]
Revenue			2,560	2,243
Funds From Operations From Equity Accounted Investments	111			21
Current income taxes	(17)			8
Funds from operations			(258)	(66)
Equity accounted investments	404	346	404	346
Additions to non-current assets	171			45
Residential Development \| Common shares \| Common equity
Disclosure of operating segments [line items]
Equity	2,392	2,730	2,392	2,730
Residential Development \| Elimination of intersegment amounts
Disclosure of operating segments [line items]
Revenue			$ 0	0
Residential Development \| Operating segments
Disclosure of operating segments [line items]
Revenue	2,560	$ 2,243
Interest	$ (68)			$ 29

SEGMENTED INFORMATION - Reconci

SEGMENTED INFORMATION - Reconciliation of FFO to Equity Accounted Investments (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2021	Dec. 31, 2020
Disclosure of operating segments [abstract]
Consolidated equity accounted income (loss)			$ 2,451	$ (79)
Non-FFO items from equity accounted investments			1,355	3,170
FFO from equity accounted investments	$ 3,806	$ 3,091	$ 3,806	$ 3,091

SEGMENTED INFORMATION - Schedul

SEGMENTED INFORMATION - Schedule of components of income tax expense (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2021	Dec. 31, 2020
Disclosure of operating segments [abstract]
Current income tax expense	$ (1,114)	$ (756)	$ (1,114)	$ (756)
Deferred income tax expense			(1,210)	(81)
Income tax expense			$ (2,324)	$ (837)

SEGMENTED INFORMATION - Recon_2

SEGMENTED INFORMATION - Reconciliation of FFO to Net Income (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2021	Dec. 31, 2020
Disclosure of operating segments [abstract]
Net income			$ 12,388	$ 707
Financial statement components not included in FFO
Equity Accounted Fair Value Changes And Other Non Funds From Operations			1,355	3,170
Fair value changes			(5,151)	(1,423)
Depreciation and amortization			6,437	5,791
Deferred income taxes			1,210	81
Realized disposition gains in fair value changes or equity			2,861	1,554
Non-controlling interests in FFO			11,542	7,546
Total FFO	$ 7,558	$ 5,180	$ 7,558	$ 5,180

SEGMENTED INFORMATION - Revenue

SEGMENTED INFORMATION - Revenue Allocation (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Disclosure of geographical areas [line items]
Revenue	$ 75,731	$ 62,752
UNITED STATES
Disclosure of geographical areas [line items]
Revenue	19,694	18,048
Canada
Disclosure of geographical areas [line items]
Revenue	7,548	5,906
United Kingdom
Disclosure of geographical areas [line items]
Revenue	21,497	16,032
Brazil
Disclosure of geographical areas [line items]
Revenue	3,730	3,323
Other Europe
Disclosure of geographical areas [line items]
Revenue	8,491	6,191
Australia
Disclosure of geographical areas [line items]
Revenue	5,892	5,528
INDIA
Disclosure of geographical areas [line items]
Revenue	2,520	1,284
Colombia
Disclosure of geographical areas [line items]
Revenue	1,890	1,762
Other Asia
Disclosure of geographical areas [line items]
Revenue	2,708	2,388
Other
Disclosure of geographical areas [line items]
Revenue	$ 1,761	$ 2,290

SEGMENTED INFORMATION - Asset A

SEGMENTED INFORMATION - Asset Allocation (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Disclosure of products and services [line items]
Assets	$ 391,003	$ 343,696
UNITED STATES
Disclosure of products and services [line items]
Assets	172,952	159,684
Canada
Disclosure of products and services [line items]
Assets	52,989	36,403
United Kingdom
Disclosure of products and services [line items]
Assets	36,740	31,598
Brazil
Disclosure of products and services [line items]
Assets	22,052	20,675
Other Europe
Disclosure of products and services [line items]
Assets	32,065	22,267
Australia
Disclosure of products and services [line items]
Assets	20,767	22,000
INDIA
Disclosure of products and services [line items]
Assets	20,935	21,438
Colombia
Disclosure of products and services [line items]
Assets	11,065	10,919
Other Asia
Disclosure of products and services [line items]
Assets	12,866	9,343
Other
Disclosure of products and services [line items]
Assets	$ 8,572	$ 9,369

ACQUISITIONS OF CONSOLIDATED _3

ACQUISITIONS OF CONSOLIDATED ENTITIES - Business Combinations By Type (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure of detailed information about business combination [line items]
Goodwill	$ 20,227	$ 14,714	$ 14,550
Gross carrying amount [member]
Disclosure of detailed information about business combination [line items]
Goodwill	21,216	15,539	$ 15,412
Private Equity
Disclosure of detailed information about business combination [line items]
Goodwill	8,585	5,244
Infrastructure
Disclosure of detailed information about business combination [line items]
Goodwill	8,979	6,634
Real Estate
Disclosure of detailed information about business combination [line items]
Goodwill	1,248	1,404
Deferred income tax assets	0
Renewable Power
Disclosure of detailed information about business combination [line items]
Goodwill	966	970
Deferred income tax assets	0
Total
Disclosure of detailed information about business combination [line items]
Cash and cash equivalents recognised as of acquisition date	586
Accounts receivable and other	1,485
Inventory	721
Equity accounted investments	72
Investment properties	988
Property, plant and equipment	17,235
Identifiable intangible assets recognised as of acquisition date	8,336
Deferred income tax assets	15
Total assets	36,029
Accounts payable and other	(5,401)
Non-recourse borrowings	(9,257)
Deferred income tax liabilities	(2,758)
Non-controlling interests	(183)
Total liabilities	(17,599)
Identifiable assets acquired (liabilities assumed)	18,430
Consideration transferred, acquisition-date fair value	18,430
Total \| Gross carrying amount [member]
Disclosure of detailed information about business combination [line items]
Cash and cash equivalents recognised as of acquisition date		143
Accounts receivable and other		1,925
Inventory		67
Property, plant and equipment		8,079
Identifiable intangible assets recognised as of acquisition date		625
Goodwill		145
Deferred income tax assets		46
Total assets		11,030
Accounts payable and other		(2,800)
Non-recourse borrowings		(3,842)
Deferred income tax liabilities		(34)
Non-controlling interests		(274)
Total liabilities		(6,950)
Identifiable assets acquired (liabilities assumed)		4,080
Consideration transferred, acquisition-date fair value		4,080
Total \| Private Equity
Disclosure of detailed information about business combination [line items]
Cash and cash equivalents recognised as of acquisition date	288	105
Accounts receivable and other	826	1,441
Inventory	690	12
Equity accounted investments	20
Property, plant and equipment	2,518	84
Identifiable intangible assets recognised as of acquisition date	4,535	27
Goodwill	3,960	63
Deferred income tax assets	6	31
Total assets	12,843	1,763
Accounts payable and other	(1,811)	(55)
Non-recourse borrowings	(132)	(1,016)
Deferred income tax liabilities	(1,215)	0
Non-controlling interests	(22)	(227)
Total liabilities	(3,180)	(1,298)
Identifiable assets acquired (liabilities assumed)	9,663	465
Consideration transferred, acquisition-date fair value	9,663	465
Total \| Infrastructure
Disclosure of detailed information about business combination [line items]
Cash and cash equivalents recognised as of acquisition date	217	0
Accounts receivable and other	455	408
Inventory	23	0
Equity accounted investments	0
Property, plant and equipment	10,179	7,334
Identifiable intangible assets recognised as of acquisition date	3,734	532
Goodwill	2,400	27
Deferred income tax assets	9	0
Total assets	17,017	8,301
Accounts payable and other	(3,271)	(2,518)
Non-recourse borrowings	(6,698)	(2,356)
Deferred income tax liabilities	(1,430)	(22)
Non-controlling interests	(156)	0
Total liabilities	(11,555)	(4,896)
Identifiable assets acquired (liabilities assumed)	5,462	3,405
Consideration transferred, acquisition-date fair value	5,462	3,405
Total \| Renewable Power and Other
Disclosure of detailed information about business combination [line items]
Cash and cash equivalents recognised as of acquisition date	3	38
Accounts receivable and other	100	76
Inventory	6	55
Equity accounted investments	45
Property, plant and equipment	2,366	661
Identifiable intangible assets recognised as of acquisition date	0	66
Goodwill	118	55
Deferred income tax assets	0	15
Total assets	2,638	966
Accounts payable and other	(188)	(227)
Non-recourse borrowings	(975)	(470)
Deferred income tax liabilities	0	(12)
Non-controlling interests	(2)	(47)
Total liabilities	(1,165)	(756)
Identifiable assets acquired (liabilities assumed)	1,473	210
Consideration transferred, acquisition-date fair value	1,473	$ 210
Total \| Real Estate
Disclosure of detailed information about business combination [line items]
Cash and cash equivalents recognised as of acquisition date	78
Accounts receivable and other	104
Inventory	2
Equity accounted investments	7
Investment properties	988
Property, plant and equipment	2,172
Identifiable intangible assets recognised as of acquisition date	67
Goodwill	113
Deferred income tax assets	0
Total assets	3,531
Accounts payable and other	(131)
Non-recourse borrowings	(1,452)
Deferred income tax liabilities	(113)
Non-controlling interests	(3)
Total liabilities	(1,699)
Identifiable assets acquired (liabilities assumed)	1,832
Consideration transferred, acquisition-date fair value	$ 1,832

ACQUISITIONS OF CONSOLIDATED _4

ACQUISITIONS OF CONSOLIDATED ENTITIES - Business Combinations by Name (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure of detailed information about business combination [line items]
Goodwill	$ 20,227	$ 14,714	$ 14,550
Private Equity
Disclosure of detailed information about business combination [line items]
Goodwill	8,585	5,244
Infrastructure
Disclosure of detailed information about business combination [line items]
Goodwill	8,979	6,634
Renewable Power
Disclosure of detailed information about business combination [line items]
Goodwill	966	970
Deferred income tax assets	0
Real Estate
Disclosure of detailed information about business combination [line items]
Goodwill	1,248	1,404
Deferred income tax assets	0
Modulaire [Member] \| Private Equity
Disclosure of detailed information about business combination [line items]
Cash and cash equivalents	100
Accounts receivable and other	418
Inventory	104
Equity accounted investments	0
Property, plant and equipment	1,963
Intangible assets	1,941
Goodwill	1,667
Deferred income tax assets	0
Total assets	6,193
Less:
Accounts payable and other	(817)
Non-recourse borrowings	(27)
Deferred income tax liabilities	(590)
Non-controlling interests	0
Total liabilities	(1,434)
Net assets acquired	4,759
Consideration	4,759
Dexko [Member] \| Private Equity
Disclosure of detailed information about business combination [line items]
Cash and cash equivalents	106
Accounts receivable and other	278
Inventory	436
Equity accounted investments	19
Property, plant and equipment	462
Intangible assets	2,212
Goodwill	1,408
Deferred income tax assets	6
Total assets	4,927
Less:
Accounts payable and other	(637)
Non-recourse borrowings	(2)
Deferred income tax liabilities	(504)
Non-controlling interests	(10)
Total liabilities	(1,153)
Net assets acquired	3,774
Consideration	3,774
Aldo [Member] \| Private Equity
Disclosure of detailed information about business combination [line items]
Cash and cash equivalents	59
Accounts receivable and other	31
Inventory	48
Equity accounted investments	0
Property, plant and equipment	5
Intangible assets	295
Goodwill	421
Deferred income tax assets	0
Total assets	859
Less:
Accounts payable and other	(136)
Non-recourse borrowings	0
Deferred income tax liabilities	(100)
Non-controlling interests	0
Total liabilities	(236)
Net assets acquired	623
Consideration	623
IPL [Member] \| Infrastructure
Disclosure of detailed information about business combination [line items]
Cash and cash equivalents	121
Accounts receivable and other	420
Inventory	20
Equity accounted investments	0
Property, plant and equipment	9,865
Intangible assets	2,569
Goodwill	2,096
Deferred income tax assets	0
Total assets	15,091
Less:
Accounts payable and other	(3,012)
Non-recourse borrowings	(6,185)
Deferred income tax liabilities	(1,229)
Non-controlling interests	0
Total liabilities	(10,426)
Net assets acquired	4,665
Consideration	4,665
Arlington \| Real Estate
Disclosure of detailed information about business combination [line items]
Cash and cash equivalents	6
Accounts receivable and other	1
Inventory	0
Equity accounted investments	0
Investment properties	988
Property, plant and equipment	0
Intangible assets	2
Goodwill	36
Total assets	1,033
Less:
Accounts payable and other	(7)
Non-recourse borrowings	0
Deferred income tax liabilities	(36)
Non-controlling interests	0
Total liabilities	(43)
Net assets acquired	990
Consideration	990
U.S. Wind [Member] \| Renewable Power
Disclosure of detailed information about business combination [line items]
Cash and cash equivalents	1
Accounts receivable and other	71
Inventory	6
Equity accounted investments	0
Property, plant and equipment	1,643
Intangible assets	0
Goodwill	0
Total assets	1,721
Less:
Accounts payable and other	(142)
Non-recourse borrowings	(835)
Deferred income tax liabilities	0
Non-controlling interests	0
Total liabilities	(977)
Net assets acquired	744
Consideration	744
US Distributed Generation Portfolio \| Renewable Power
Disclosure of detailed information about business combination [line items]
Cash and cash equivalents	1
Accounts receivable and other	28
Inventory	0
Equity accounted investments	0
Property, plant and equipment	723
Intangible assets	0
Goodwill	117
Total assets	869
Less:
Accounts payable and other	(45)
Non-recourse borrowings	(140)
Deferred income tax liabilities	0
Non-controlling interests	0
Total liabilities	(185)
Net assets acquired	684
Consideration	$ 684
IndoStar \| Private Equity
Disclosure of detailed information about business combination [line items]
Cash and cash equivalents		78
Accounts receivable and other		1,391
Property, plant and equipment		9
Intangible assets		20
Goodwill		21
Deferred income tax assets		28
Total assets		1,547
Less:
Accounts payable and other		(30)
Non-recourse borrowings		(1,003)
Deferred income tax liabilities		0
Non-controlling interests		(219)
Total liabilities		(1,252)
Net assets acquired		295
Consideration		295
Summit DigiTel \| Infrastructure
Disclosure of detailed information about business combination [line items]
Cash and cash equivalents		0
Accounts receivable and other		408
Property, plant and equipment		7,334
Intangible assets		532
Goodwill		27
Deferred income tax assets		0
Total assets		8,301
Less:
Accounts payable and other		(2,518)
Non-recourse borrowings		(2,356)
Deferred income tax liabilities		(22)
Non-controlling interests		0
Total liabilities		(4,896)
Net assets acquired		3,405
Consideration		$ 3,405

ACQUISITIONS OF CONSOLIDATED _5

ACQUISITIONS OF CONSOLIDATED ENTITIES - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Disclosure of detailed information about business combination [line items]
Revenue of acquired entities since acquisition date	$ 2,800
Profit (loss) of acquired entities since acquisition date	3
Revenue of combined entity as if combination occurred at beginning of period	8,600	$ 1,600
Profit (loss) of combined entity as if combination occurred at beginning of period	351	25
Goodwill recognised as of acquisition date		27
Revenue of acquired entities since acquisition date		621
Profit (loss) of acquired entities since acquisition date		10
Aldo [Member] \| Private Equity
Disclosure of detailed information about business combination [line items]
Revenue of combined entity as if combination occurred at beginning of period	553
Profit (loss) of combined entity as if combination occurred at beginning of period	$ 68
Percentage of interests acquired	100.00%
Consideration transferred, acquisition-date fair value	$ 623
Cash consideration	295
Contingent consideration recognised as of acquisition date	328
Goodwill recognised as of acquisition date	421
Dexko [Member] \| Private Equity
Disclosure of detailed information about business combination [line items]
Revenue of combined entity as if combination occurred at beginning of period	2,500
Profit (loss) of combined entity as if combination occurred at beginning of period	$ 139
Percentage of interests acquired	100.00%
Consideration transferred, acquisition-date fair value	$ 3,774
Cash consideration	1,100
Contingent consideration recognised as of acquisition date	30
Goodwill recognised as of acquisition date	1,400
Debt incurred	2,600
Modulaire [Member] \| Private Equity
Disclosure of detailed information about business combination [line items]
Revenue of combined entity as if combination occurred at beginning of period	1,700
Profit (loss) of combined entity as if combination occurred at beginning of period	$ 135
Percentage of interests acquired	100.00%
Consideration transferred, acquisition-date fair value	$ 4,759
Cash consideration	1,600
Goodwill recognised as of acquisition date	1,700
Debt incurred	3,200
US Distributed Generation Portfolio \| Renewable Power
Disclosure of detailed information about business combination [line items]
Revenue of combined entity as if combination occurred at beginning of period	79
Profit (loss) of combined entity as if combination occurred at beginning of period	$ 6
Percentage of interests acquired	100.00%
Consideration transferred, acquisition-date fair value	$ 684
IPL [Member] \| Infrastructure
Disclosure of detailed information about business combination [line items]
Revenue of combined entity as if combination occurred at beginning of period	2,500
Profit (loss) of combined entity as if combination occurred at beginning of period	$ 274
Percentage of interests acquired	100.00%
Consideration transferred, acquisition-date fair value	$ 4,665
Cash consideration	1,900
Goodwill recognised as of acquisition date	2,100
Debt incurred	900
BIPC exchangeable LP units transferred	200
BIPC exchangeable shares	$ 1,100
Economic interest before business transaction	10.00%
Acquisition-date fair value of equity interest in acquiree held by acquirer immediately before acquisition date	$ 600
Arlington \| Real Estate
Disclosure of detailed information about business combination [line items]
Revenue of combined entity as if combination occurred at beginning of period	34
Profit (loss) of combined entity as if combination occurred at beginning of period	86
Consideration transferred, acquisition-date fair value	990
Cash consideration	352
Consideration transferred, acquisition-date asset level debt	990
Oregon Wind Portfolio \| Renewable Power
Disclosure of detailed information about business combination [line items]
Revenue of combined entity as if combination occurred at beginning of period	183
Profit (loss) of combined entity as if combination occurred at beginning of period	$ 12
Percentage of interests acquired	100.00%
Consideration transferred, acquisition-date fair value	$ 744
IndoStar \| Private Equity
Disclosure of detailed information about business combination [line items]
Revenue of combined entity as if combination occurred at beginning of period		175
Profit (loss) of combined entity as if combination occurred at beginning of period		$ 37
Percentage of interests acquired		57.00%
Consideration transferred, acquisition-date fair value		$ 295
Cash consideration		19
Consideration transferred, acquisition-date asset level debt		295
Equity interests of acquirer		276
Summit DigiTel \| Infrastructure
Disclosure of detailed information about business combination [line items]
Revenue of combined entity as if combination occurred at beginning of period		1,100
Profit (loss) of combined entity as if combination occurred at beginning of period		$ 9
Percentage of interests acquired		100.00%
Consideration transferred, acquisition-date fair value		$ 3,405
Consideration transferred, acquisition-date asset level debt		$ 3,400

FAIR VALUE OF FINANCIAL INSTR_3

FAIR VALUE OF FINANCIAL INSTRUMENTS - Financial Instrument Classification (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Disclosure of financial assets [line items]
Financial assets	$ 44,558	$ 41,335
Disclosure of financial liabilities [line items]
Financial liabilities	223,744	193,217
Fair Value Through Profit or Loss
Disclosure of financial liabilities [line items]
Financial liabilities	7,028	7,346
Fair Value Through OCI
Disclosure of financial liabilities [line items]
Financial liabilities	0	0
Amortized Cost
Disclosure of financial liabilities [line items]
Financial liabilities	216,716	185,871
Fair Value Through Profit or Loss
Disclosure of financial assets [line items]
Financial assets	7,840	7,692
Fair Value Through OCI
Disclosure of financial assets [line items]
Financial assets	8,096	8,861
Amortized Cost
Disclosure of financial assets [line items]
Financial assets	28,622	24,782
Corporate borrowings
Disclosure of financial liabilities [line items]
Financial liabilities	10,875	9,077
Corporate borrowings \| Fair Value Through Profit or Loss
Disclosure of financial liabilities [line items]
Financial liabilities	0	0
Corporate borrowings \| Fair Value Through OCI
Disclosure of financial liabilities [line items]
Financial liabilities	0	0
Corporate borrowings \| Amortized Cost
Disclosure of financial liabilities [line items]
Financial liabilities	10,875	9,077
Property-specific borrowings and subsidiary borrowings [Member]
Disclosure of financial liabilities [line items]
Financial liabilities	165,057	139,324
Property-specific borrowings and subsidiary borrowings [Member] \| Fair Value Through Profit or Loss
Disclosure of financial liabilities [line items]
Financial liabilities	0	0
Property-specific borrowings and subsidiary borrowings [Member] \| Fair Value Through OCI
Disclosure of financial liabilities [line items]
Financial liabilities	0	0
Property-specific borrowings and subsidiary borrowings [Member] \| Amortized Cost
Disclosure of financial liabilities [line items]
Financial liabilities	165,057	139,324
Property-specific borrowings
Disclosure of financial liabilities [line items]
Financial liabilities	152,008	128,556
Property-specific borrowings \| Fair Value Through Profit or Loss
Disclosure of financial liabilities [line items]
Financial liabilities	0	0
Property-specific borrowings \| Fair Value Through OCI
Disclosure of financial liabilities [line items]
Financial liabilities	0	0
Property-specific borrowings \| Amortized Cost
Disclosure of financial liabilities [line items]
Financial liabilities	152,008	128,556
Subsidiary borrowings
Disclosure of financial liabilities [line items]
Financial liabilities	13,049	10,768
Subsidiary borrowings \| Fair Value Through Profit or Loss
Disclosure of financial liabilities [line items]
Financial liabilities	0	0
Subsidiary borrowings \| Fair Value Through OCI
Disclosure of financial liabilities [line items]
Financial liabilities	0	0
Subsidiary borrowings \| Amortized Cost
Disclosure of financial liabilities [line items]
Financial liabilities	13,049	10,768
Accounts payable and other
Disclosure of financial liabilities [line items]
Financial liabilities	43,504	41,117
Accounts payable and other \| Fair Value Through Profit or Loss
Disclosure of financial liabilities [line items]
Financial liabilities	5,490	5,889
Accounts payable and other \| Fair Value Through OCI
Disclosure of financial liabilities [line items]
Financial liabilities	0	0
Accounts payable and other \| Amortized Cost
Disclosure of financial liabilities [line items]
Financial liabilities	38,014	35,228
Subsidiary equity obligations
Disclosure of financial liabilities [line items]
Financial liabilities	4,308	3,699
Subsidiary equity obligations \| Fair Value Through Profit or Loss
Disclosure of financial liabilities [line items]
Financial liabilities	1,538	1,457
Subsidiary equity obligations \| Fair Value Through OCI
Disclosure of financial liabilities [line items]
Financial liabilities	0	0
Subsidiary equity obligations \| Amortized Cost
Disclosure of financial liabilities [line items]
Financial liabilities	2,770	2,242
Cash and cash equivalents
Disclosure of financial assets [line items]
Financial assets	12,694	9,933
Cash and cash equivalents \| Fair Value Through Profit or Loss
Disclosure of financial assets [line items]
Financial assets	0	0
Cash and cash equivalents \| Fair Value Through OCI
Disclosure of financial assets [line items]
Financial assets	0	0
Cash and cash equivalents \| Amortized Cost
Disclosure of financial assets [line items]
Financial assets	12,694	9,933
Government bonds
Disclosure of financial assets [line items]
Financial assets	2,020	2,651
Government bonds \| Fair Value Through Profit or Loss
Disclosure of financial assets [line items]
Financial assets	0	356
Government bonds \| Fair Value Through OCI
Disclosure of financial assets [line items]
Financial assets	2,020	2,295
Government bonds \| Amortized Cost
Disclosure of financial assets [line items]
Financial assets	0	0
Corporate bonds
Disclosure of financial assets [line items]
Financial assets	2,521	3,599
Corporate bonds \| Fair Value Through Profit or Loss
Disclosure of financial assets [line items]
Financial assets	514	1,094
Corporate bonds \| Fair Value Through OCI
Disclosure of financial assets [line items]
Financial assets	2,004	2,148
Corporate bonds \| Amortized Cost
Disclosure of financial assets [line items]
Financial assets	3	357
Fixed income securities and other
Disclosure of financial assets [line items]
Financial assets	3,241	2,270
Fixed income securities and other \| Fair Value Through Profit or Loss
Disclosure of financial assets [line items]
Financial assets	1,484	1,079
Fixed income securities and other \| Fair Value Through OCI
Disclosure of financial assets [line items]
Financial assets	1,637	1,191
Fixed income securities and other \| Amortized Cost
Disclosure of financial assets [line items]
Financial assets	120	0
Common shares and warrants
Disclosure of financial assets [line items]
Financial assets	5,927	6,514
Common shares and warrants \| Fair Value Through Profit or Loss
Disclosure of financial assets [line items]
Financial assets	3,492	3,287
Common shares and warrants \| Fair Value Through OCI
Disclosure of financial assets [line items]
Financial assets	2,435	3,227
Common shares and warrants \| Amortized Cost
Disclosure of financial assets [line items]
Financial assets	0	0
Loans and notes receivables
Disclosure of financial assets [line items]
Financial assets	2,837	2,696
Loans and notes receivables \| Fair Value Through Profit or Loss
Disclosure of financial assets [line items]
Financial assets	5	110
Loans and notes receivables \| Fair Value Through OCI
Disclosure of financial assets [line items]
Financial assets	0	0
Loans and notes receivables \| Amortized Cost
Disclosure of financial assets [line items]
Financial assets	2,832	2,586
Other financial assets
Disclosure of financial assets [line items]
Financial assets	16,546	17,730
Other financial assets \| Fair Value Through Profit or Loss
Disclosure of financial assets [line items]
Financial assets	5,495	5,926
Other financial assets \| Fair Value Through OCI
Disclosure of financial assets [line items]
Financial assets	8,096	8,861
Other financial assets \| Amortized Cost
Disclosure of financial assets [line items]
Financial assets	2,955	2,943
Accounts receivable and other
Disclosure of financial assets [line items]
Financial assets	15,318	13,672
Accounts receivable and other \| Fair Value Through Profit or Loss
Disclosure of financial assets [line items]
Financial assets		1,766
Accounts receivable and other \| Fair Value Through OCI
Disclosure of financial assets [line items]
Financial assets	0	0
Accounts receivable and other \| Amortized Cost
Disclosure of financial assets [line items]
Financial assets	$ 12,973	$ 11,906

FAIR VALUE OF FINANCIAL INSTR_4

FAIR VALUE OF FINANCIAL INSTRUMENTS - Financial Instrument Classification, Footnotes (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Disclosure of carrying value and fair value of assets and liabilities
Financial assets pledged as collateral for liabilities or contingent liabilities	$ 10,100	$ 9,700
Financial assets	44,558	41,335
Accounts payable and other
Disclosure of carrying value and fair value of assets and liabilities
Financial instruments designated as hedging instruments, at fair value	1,500	2,400
Accounts receivable and other
Disclosure of carrying value and fair value of assets and liabilities
Financial assets	15,318	13,672
Financial instruments designated as hedging instruments, at fair value	$ 1,100	888
Shareholders' Loan \| Renewable Power
Disclosure of carrying value and fair value of assets and liabilities
Financial assets		$ 500

FAIR VALUE OF FINANCIAL INSTR_5

FAIR VALUE OF FINANCIAL INSTRUMENTS - Narrative (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Disclosure of carrying value and fair value of assets and liabilities
Fair value gains (losses) on financial assets reclassified out of fair value through other comprehensive income recognized in fair value through profit and loss	$ (1,000,000)	$ 7,000,000
Cash included in cash and cash equivalents	10,800,000,000	8,200,000,000
Short-term deposits, classified as cash equivalents	1,900,000,000	1,800,000,000
Financial assets transferred between Levels 1, 2, and 3		0
Cash flow hedges
Disclosure of carrying value and fair value of assets and liabilities
Gains (losses) on cash flow hedges, before tax	582,000,000	(479,000,000)
Net investment hedges
Disclosure of carrying value and fair value of assets and liabilities
Gains (losses) on hedges of net investments in foreign operations, before tax	407,000,000	182,000,000
Unrealized Available-for-Sale Gain
Disclosure of carrying value and fair value of assets and liabilities
Gains (losses) recognised in other comprehensive income including exchange differences, fair value measurement, assets	996,000,000	916,000,000
Unrealized Available-for-Sale Loss
Disclosure of carrying value and fair value of assets and liabilities
Gains (losses) recognised in other comprehensive income including exchange differences, fair value measurement, assets	(213,000,000)	(322,000,000)
Assets held to hedge liabilities arising from financing activities [member] \| Cash flow hedges
Disclosure of carrying value and fair value of assets and liabilities
Derivative financial assets held for hedging	232,000,000	689,000,000
Elected for hedge accounting \| Net investment hedges
Disclosure of carrying value and fair value of assets and liabilities
Derivative financial assets held for hedging	$ 163,000,000	$ 868,000,000

FAIR VALUE OF FINANCIAL INSTR_6

FAIR VALUE OF FINANCIAL INSTRUMENTS - Carrying and Fair Values of Financial Instruments (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Disclosure of financial assets [line items]
Financial assets, carrying value	$ 44,558	$ 41,335
Financial assets, at fair value	44,558	41,335
Disclosure of financial liabilities [line items]
Financial liabilities	223,744	193,217
Financial liabilities	227,064	197,540
Corporate borrowings
Disclosure of financial liabilities [line items]
Financial liabilities	10,875	9,077
Financial liabilities	11,993	10,540
Property-specific borrowings
Disclosure of financial liabilities [line items]
Financial liabilities	152,008	128,556
Financial liabilities	153,844	131,099
Subsidiary borrowings
Disclosure of financial liabilities [line items]
Financial liabilities	13,049	10,768
Financial liabilities	13,415	11,085
Property-specific borrowings and subsidiary borrowings [Member]
Disclosure of financial liabilities [line items]
Financial liabilities	165,057	139,324
Financial liabilities	167,259	142,184
Accounts payable and other
Disclosure of financial liabilities [line items]
Financial liabilities	43,504	41,117
Financial liabilities	43,504	41,117
Subsidiary equity obligations
Disclosure of financial liabilities [line items]
Financial liabilities	4,308	3,699
Financial liabilities	4,308	3,699
Equity investments [member]
Disclosure of financial assets [line items]
Financial assets, carrying value	5,927	6,514
Financial assets, at fair value	5,927	6,514
Loans and notes receivables
Disclosure of financial assets [line items]
Financial assets, carrying value	2,837	2,696
Financial assets, at fair value	2,837	2,696
Cash And Cash Equivalents1
Disclosure of financial assets [line items]
Financial assets, carrying value	12,694	9,933
Financial assets, at fair value	12,694	9,933
Other financial assets
Disclosure of financial assets [line items]
Financial assets, carrying value	16,546	17,730
Financial assets, at fair value	16,546	17,730
Trade receivables and other [Member]
Disclosure of financial assets [line items]
Financial assets, carrying value	15,318	13,672
Financial assets, at fair value	15,318	13,672
Loans to government [member]
Disclosure of financial assets [line items]
Financial assets, carrying value	2,020	2,651
Financial assets, at fair value	2,020	2,651
Loans to corporate entities [member]
Disclosure of financial assets [line items]
Financial assets, carrying value	2,521	3,599
Financial assets, at fair value	2,521	3,599
Fixed income securities and other
Disclosure of financial assets [line items]
Financial assets, carrying value	3,241	2,270
Financial assets, at fair value	$ 3,241	$ 2,270

FAIR VALUE OF FINANCIAL INSTR_7

FAIR VALUE OF FINANCIAL INSTRUMENTS - Other Financial Assets (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Disclosure of detailed information about financial instruments [abstract]
Current	$ 6,963	$ 5,483
Non-current	9,583	12,247
Total	$ 16,546	$ 17,730

FAIR VALUE OF FINANCIAL INSTR_8

FAIR VALUE OF FINANCIAL INSTRUMENTS - Fair Value Hierarchy Levels (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Disclosure of carrying value and fair value of assets and liabilities
Financial assets	$ 44,558	$ 41,335
Financial liabilities	227,064	197,540
Other financial assets
Disclosure of carrying value and fair value of assets and liabilities
Financial assets	16,546	17,730
Level 1
Disclosure of carrying value and fair value of assets and liabilities
Financial assets	4,961	5,664
Financial liabilities	29	75
Level 1 \| Other financial assets
Disclosure of carrying value and fair value of assets and liabilities
Financial assets	4,958	5,614
Level 1 \| Accounts payable and other
Disclosure of carrying value and fair value of assets and liabilities
Financial liabilities	29	75
Level 1 \| Subsidiary equity obligations
Disclosure of carrying value and fair value of assets and liabilities
Financial liabilities	0	0
Level 1 \| Government bonds
Disclosure of carrying value and fair value of assets and liabilities
Financial assets	48	7
Level 1 \| Corporate bonds
Disclosure of carrying value and fair value of assets and liabilities
Financial assets	85	192
Level 1 \| Fixed income securities and other
Disclosure of carrying value and fair value of assets and liabilities
Financial assets	762	867
Level 1 \| Common shares and warrants
Disclosure of carrying value and fair value of assets and liabilities
Financial assets	4,063	4,548
Level 1 \| Loans and notes receivables
Disclosure of carrying value and fair value of assets and liabilities
Financial assets	0	0
Level 1 \| Accounts receivable and other
Disclosure of carrying value and fair value of assets and liabilities
Financial assets	3	50
Level 2
Disclosure of carrying value and fair value of assets and liabilities
Financial assets	8,743	8,520
Financial liabilities	4,285	5,167
Level 2 \| Other financial assets
Disclosure of carrying value and fair value of assets and liabilities
Financial assets	6,478	6,939
Level 2 \| Accounts payable and other
Disclosure of carrying value and fair value of assets and liabilities
Financial liabilities	4,150	5,090
Level 2 \| Subsidiary equity obligations
Disclosure of carrying value and fair value of assets and liabilities
Financial liabilities	135	77
Level 2 \| Government bonds
Disclosure of carrying value and fair value of assets and liabilities
Financial assets	1,972	2,644
Level 2 \| Corporate bonds
Disclosure of carrying value and fair value of assets and liabilities
Financial assets	2,050	2,764
Level 2 \| Fixed income securities and other
Disclosure of carrying value and fair value of assets and liabilities
Financial assets	1,908	912
Level 2 \| Common shares and warrants
Disclosure of carrying value and fair value of assets and liabilities
Financial assets	548	577
Level 2 \| Loans and notes receivables
Disclosure of carrying value and fair value of assets and liabilities
Financial assets	0	42
Level 2 \| Accounts receivable and other
Disclosure of carrying value and fair value of assets and liabilities
Financial assets	2,265	1,581
Level 3
Disclosure of carrying value and fair value of assets and liabilities
Financial assets	2,232	2,369
Financial liabilities	2,714	2,104
Level 3 \| Other financial assets
Disclosure of carrying value and fair value of assets and liabilities
Financial assets	2,155	2,234
Level 3 \| Accounts payable and other
Disclosure of carrying value and fair value of assets and liabilities
Financial liabilities	1,311	724
Level 3 \| Subsidiary equity obligations
Disclosure of carrying value and fair value of assets and liabilities
Financial liabilities	1,403	1,380
Level 3 \| Government bonds
Disclosure of carrying value and fair value of assets and liabilities
Financial assets	0	0
Level 3 \| Corporate bonds
Disclosure of carrying value and fair value of assets and liabilities
Financial assets		286
Level 3 \| Fixed income securities and other
Disclosure of carrying value and fair value of assets and liabilities
Financial assets	451	491
Level 3 \| Common shares and warrants
Disclosure of carrying value and fair value of assets and liabilities
Financial assets	1,316	1,389
Level 3 \| Loans and notes receivables
Disclosure of carrying value and fair value of assets and liabilities
Financial assets	5	68
Level 3 \| Accounts receivable and other
Disclosure of carrying value and fair value of assets and liabilities
Financial assets	$ 77	$ 135

FAIR VALUE OF FINANCIAL INSTR_9

FAIR VALUE OF FINANCIAL INSTRUMENTS - Valuation Techniques on Fair Value Measurements (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Disclosure Of Significant Unobservable Inputs Used In Fair Value Measurements Of Assets And Liabilities [Table] [Line Items]
Financial assets	$ 44,558	$ 41,335
Financial liabilities	(227,064)	(197,540)
Level 2
Disclosure Of Significant Unobservable Inputs Used In Fair Value Measurements Of Assets And Liabilities [Table] [Line Items]
Financial assets	8,743	8,520
Financial liabilities	(4,285)	(5,167)
Level 2 \| Accounts payable and other
Disclosure Of Significant Unobservable Inputs Used In Fair Value Measurements Of Assets And Liabilities [Table] [Line Items]
Financial liabilities	(4,150)	(5,090)
Level 2 \| Accounts payable and other \| Discounted cash flows
Disclosure Of Significant Unobservable Inputs Used In Fair Value Measurements Of Assets And Liabilities [Table] [Line Items]
Financial liabilities	(4,150)
Level 2 \| Redeemable fund units (subsidiary equity obligations)
Disclosure Of Significant Unobservable Inputs Used In Fair Value Measurements Of Assets And Liabilities [Table] [Line Items]
Financial liabilities	(135)	(77)
Level 2 \| Redeemable fund units (subsidiary equity obligations) \| Market approach
Disclosure Of Significant Unobservable Inputs Used In Fair Value Measurements Of Assets And Liabilities [Table] [Line Items]
Financial liabilities	(135)
Level 2 \| Accounts receivable and other
Disclosure Of Significant Unobservable Inputs Used In Fair Value Measurements Of Assets And Liabilities [Table] [Line Items]
Financial assets	2,265	1,581
Level 2 \| Other financial assets \| Market approach
Disclosure Of Significant Unobservable Inputs Used In Fair Value Measurements Of Assets And Liabilities [Table] [Line Items]
Financial assets	6,478
Level 2 \| Fixed income securities and other
Disclosure Of Significant Unobservable Inputs Used In Fair Value Measurements Of Assets And Liabilities [Table] [Line Items]
Financial assets	1,908	912
Level 2 \| Corporate bonds
Disclosure Of Significant Unobservable Inputs Used In Fair Value Measurements Of Assets And Liabilities [Table] [Line Items]
Financial assets	2,050	2,764
Level 2 \| Common shares and warrants
Disclosure Of Significant Unobservable Inputs Used In Fair Value Measurements Of Assets And Liabilities [Table] [Line Items]
Financial assets	548	577
Level 3
Disclosure Of Significant Unobservable Inputs Used In Fair Value Measurements Of Assets And Liabilities [Table] [Line Items]
Financial assets	2,232	2,369
Financial liabilities	(2,714)	(2,104)
Level 3 \| Accounts payable and other
Disclosure Of Significant Unobservable Inputs Used In Fair Value Measurements Of Assets And Liabilities [Table] [Line Items]
Financial liabilities	(1,311)	(724)
Level 3 \| Accounts payable and other \| Discounted cash flows
Disclosure Of Significant Unobservable Inputs Used In Fair Value Measurements Of Assets And Liabilities [Table] [Line Items]
Financial liabilities	(1,311)
Level 3 \| Redeemable fund units (subsidiary equity obligations)
Disclosure Of Significant Unobservable Inputs Used In Fair Value Measurements Of Assets And Liabilities [Table] [Line Items]
Financial liabilities	(1,403)	(1,380)
Level 3 \| Redeemable fund units (subsidiary equity obligations) \| Discounted cash flows
Disclosure Of Significant Unobservable Inputs Used In Fair Value Measurements Of Assets And Liabilities [Table] [Line Items]
Financial liabilities	(1,403)
Level 3 \| Accounts receivable and other
Disclosure Of Significant Unobservable Inputs Used In Fair Value Measurements Of Assets And Liabilities [Table] [Line Items]
Financial assets	77	135
Level 3 \| Fixed income securities and other
Disclosure Of Significant Unobservable Inputs Used In Fair Value Measurements Of Assets And Liabilities [Table] [Line Items]
Financial assets	451	491
Level 3 \| Fixed income securities and other \| Discounted cash flows
Disclosure Of Significant Unobservable Inputs Used In Fair Value Measurements Of Assets And Liabilities [Table] [Line Items]
Financial assets	451
Level 3 \| Corporate bonds
Disclosure Of Significant Unobservable Inputs Used In Fair Value Measurements Of Assets And Liabilities [Table] [Line Items]
Financial assets		286
Level 3 \| Corporate bonds \| Discounted cash flows
Disclosure Of Significant Unobservable Inputs Used In Fair Value Measurements Of Assets And Liabilities [Table] [Line Items]
Financial assets	383
Level 3 \| Common shares and warrants
Disclosure Of Significant Unobservable Inputs Used In Fair Value Measurements Of Assets And Liabilities [Table] [Line Items]
Financial assets	1,316	$ 1,389
Level 3 \| Common shares and warrants \| Black-Scholes model
Disclosure Of Significant Unobservable Inputs Used In Fair Value Measurements Of Assets And Liabilities [Table] [Line Items]
Financial assets	1,316
Level 3 \| Accounts receivable and other \| Discounted cash flows
Disclosure Of Significant Unobservable Inputs Used In Fair Value Measurements Of Assets And Liabilities [Table] [Line Items]
Financial assets	$ 77

FAIR VALUE OF FINANCIAL INST_10

FAIR VALUE OF FINANCIAL INSTRUMENTS - Level 3 Financial Assets and Liabilities (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure of detailed information about financial instruments [line items]
Financial assets	$ 44,558	$ 41,335
Financial liabilities	227,064	197,540
Level 3
Disclosure of detailed information about financial instruments [line items]
Financial assets	2,232	2,369
Financial liabilities	2,714	2,104
Level 3 \| At fair value
Disclosure of detailed information about financial instruments [line items]
Financial assets	2,232	2,369	$ 1,780
Financial liabilities	2,714	2,104	$ 2,542
Gains (losses) recognised in profit or loss including exchange differences, fair value measurement, assets	160	(92)
Gains (losses) recognised in profit or loss including exchange differences, fair value measurement, liabilities	96	(111)
Gains (losses) recognised in other comprehensive income including exchange differences, fair value measurement, assets	(8)	15
Gains (losses) recognised in other comprehensive income including exchange differences, fair value measurement, liabilities	94	4
Disposals, net of additions	(289)	666
Disposals, net of additions	$ 420	$ (331)

FAIR VALUE OF FINANCIAL INST_11

FAIR VALUE OF FINANCIAL INSTRUMENTS - Amortized Cost for which Fair Value is Disclosed (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Disclosure of fair value measurement of liabilities [line items]
Financial liabilities	$ 223,744	$ 193,217
Not measured at fair value in statement of financial position but for which fair value is disclosed \| Corporate borrowings \| Level 1
Disclosure of fair value measurement of liabilities [line items]
Financial liabilities	11,906	10,443
Not measured at fair value in statement of financial position but for which fair value is disclosed \| Corporate borrowings \| Level 2
Disclosure of fair value measurement of liabilities [line items]
Financial liabilities	87	97
Not measured at fair value in statement of financial position but for which fair value is disclosed \| Corporate borrowings \| Level 3
Disclosure of fair value measurement of liabilities [line items]
Financial liabilities	0	0
Not measured at fair value in statement of financial position but for which fair value is disclosed \| Property-specific borrowings \| Level 1
Disclosure of fair value measurement of liabilities [line items]
Financial liabilities	12,163	3,406
Not measured at fair value in statement of financial position but for which fair value is disclosed \| Property-specific borrowings \| Level 2
Disclosure of fair value measurement of liabilities [line items]
Financial liabilities	65,234	57,927
Not measured at fair value in statement of financial position but for which fair value is disclosed \| Property-specific borrowings \| Level 3
Disclosure of fair value measurement of liabilities [line items]
Financial liabilities	76,447	69,766
Not measured at fair value in statement of financial position but for which fair value is disclosed \| Subsidiary borrowings \| Level 1
Disclosure of fair value measurement of liabilities [line items]
Financial liabilities	6,831	7,825
Not measured at fair value in statement of financial position but for which fair value is disclosed \| Subsidiary borrowings \| Level 2
Disclosure of fair value measurement of liabilities [line items]
Financial liabilities	0	3
Not measured at fair value in statement of financial position but for which fair value is disclosed \| Subsidiary borrowings \| Level 3
Disclosure of fair value measurement of liabilities [line items]
Financial liabilities	6,584	3,257
Not measured at fair value in statement of financial position but for which fair value is disclosed \| Subsidiary equity obligations \| Level 1
Disclosure of fair value measurement of liabilities [line items]
Financial liabilities	0	0
Not measured at fair value in statement of financial position but for which fair value is disclosed \| Subsidiary equity obligations \| Level 2
Disclosure of fair value measurement of liabilities [line items]
Financial liabilities	544	73
Not measured at fair value in statement of financial position but for which fair value is disclosed \| Subsidiary equity obligations \| Level 3
Disclosure of fair value measurement of liabilities [line items]
Financial liabilities	$ 2,226	$ 2,169

FAIR VALUE OF FINANCIAL INST_12

FAIR VALUE OF FINANCIAL INSTRUMENTS - Netting of Financial Instruments (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Accounts receivable and other [Member]
Disclosure of offsetting of financial assets [line items]
Gross amounts of financial instruments before netting	$ 4,814	$ 2,195
Gross amounts of financial instruments set-off in Consolidated Balance Sheets	(2,469)	(429)
Net amount of financial instruments in Consolidated Balance Sheets	2,345	1,766
Accounts payable and other
Disclosure of offsetting of financial assets [line items]
Gross amounts of financial instruments before netting	5,037	4,379
Gross amounts of financial instruments set-off in Consolidated Balance Sheets	(2,452)	(351)
Net amount of financial instruments in Consolidated Balance Sheets	$ 2,585	$ 4,028

HELD FOR SALE - Schedule Of Ass

HELD FOR SALE - Schedule Of Assets And Liabilities Classified As Held-For-Sale (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Assets
Accounts receivable and other	$ 21,760	$ 18,928
Equity accounted investments	46,100	41,327	$ 40,698
Investment properties	100,865	96,782	96,686
Property, plant and equipment	115,489	100,009
Goodwill	20,227	14,714	14,550
Deferred income tax assets	3,340	3,338
Assets classified as held for sale	11,958
Liabilities
Accounts payable and other	52,546	50,682
Non-recourse borrowings of managed entities	165,057	139,324
Deferred income tax liabilities	20,328	15,913
Liabilities associated with assets classified as held for sale	3,148	2,359
Assets and liabilities classified as held for sale
Assets
Cash and cash equivalents	213	6
Accounts receivable and other	298	67
Equity accounted investments	276	1,533
Investment properties	9,053	4,224
Property, plant and equipment	1,874	82
Goodwill	220	0
Other long-term assets	0	5
Deferred income tax assets	24	0
Assets classified as held for sale	11,958	5,917
Liabilities
Accounts payable and other	139	118
Non-recourse borrowings of managed entities	3,009	2,234
Deferred income tax liabilities	0	7
Liabilities associated with assets classified as held for sale	3,148	2,359
Real Estate
Assets
Equity accounted investments	24,829	21,024
Property, plant and equipment	10,864	8,432	$ 9,729
Goodwill	1,248	1,404
Real Estate \| Assets and liabilities classified as held for sale
Assets
Cash and cash equivalents	204
Accounts receivable and other	295
Equity accounted investments	130
Investment properties	9,053
Property, plant and equipment	1,820
Goodwill	220
Other long-term assets	0
Deferred income tax assets	24
Assets classified as held for sale	11,746
Liabilities
Accounts payable and other	136
Non-recourse borrowings of managed entities	3,006
Deferred income tax liabilities	0
Liabilities associated with assets classified as held for sale	3,142
Infrastructure
Assets
Equity accounted investments	9,569	10,530
Property, plant and equipment	38,655	32,167
Goodwill	8,979	6,634
Infrastructure \| Assets and liabilities classified as held for sale
Assets
Cash and cash equivalents	0
Accounts receivable and other	0
Equity accounted investments	146
Investment properties	0
Property, plant and equipment	0
Goodwill	0
Other long-term assets	0
Deferred income tax assets	0
Assets classified as held for sale	146
Liabilities
Accounts payable and other	0
Non-recourse borrowings of managed entities	0
Deferred income tax liabilities	0
Liabilities associated with assets classified as held for sale	0
Renewable Power and Other
Assets
Equity accounted investments	3,161	1,833
Renewable Power and Other \| Assets and liabilities classified as held for sale
Liabilities
Liabilities associated with assets classified as held for sale	6
Renewable Power
Assets
Property, plant and equipment	50,317	45,206
Goodwill	966	$ 970
Renewable Power \| Assets and liabilities classified as held for sale
Assets
Cash and cash equivalents	9
Accounts receivable and other	3
Equity accounted investments	0
Investment properties	0
Property, plant and equipment	54
Goodwill	0
Other long-term assets	0
Deferred income tax assets	0
Assets classified as held for sale	66
Liabilities
Accounts payable and other	3
Non-recourse borrowings of managed entities	3
Deferred income tax liabilities	$ 0

HELD FOR SALE - Narrative (Deta

HELD FOR SALE - Narrative (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Disclosure of financial assets [line items]
Assets	$ 391,003	$ 343,696
Total liabilities	256,262	$ 221,054
Assets and liabilities classified as held for sale
Disclosure of financial assets [line items]
Assets	13,900
Total liabilities	$ 6,300

EQUITY ACCOUNTED INVESTMENTS -

EQUITY ACCOUNTED INVESTMENTS - Schedule Of Investments in Associates and Joint Ventures (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure Of Associates And Joint Ventures [Line Items]
Equity accounted investments	$ 46,100	$ 41,327	$ 40,698
Additions, net of disposals1	4,013	2,568
Financial assets	$ 44,558	$ 41,335
Oaktree [Member]
Disclosure Of Associates And Joint Ventures [Line Items]
Proportion of ownership interest in associate or joint venture	62.00%	62.00%
Carrying Value, joint ventures	$ 5,596	$ 5,317
Equity accounted investments	5,596	5,317
Additions, net of disposals1	195
Real Estate
Disclosure Of Associates And Joint Ventures [Line Items]
Equity accounted investments	24,829	21,024
Additions, net of disposals1	2,660
Real Estate \| LP Investments and Other [Member]
Disclosure Of Associates And Joint Ventures [Line Items]
Investments in Joint Ventures and Associates Accounted for Using the Equity Method	251	136
Infrastructure
Disclosure Of Associates And Joint Ventures [Line Items]
Equity accounted investments	9,569	10,530
Additions, net of disposals1	(594)
Infrastructure \| Utilities [Member]
Disclosure Of Associates And Joint Ventures [Line Items]
Investments in Joint Ventures and Associates Accounted for Using the Equity Method	946	1,010
Infrastructure \| Transport
Disclosure Of Associates And Joint Ventures [Line Items]
Investments in Joint Ventures and Associates Accounted for Using the Equity Method	4,724	5,114
Infrastructure \| Data [Member]
Disclosure Of Associates And Joint Ventures [Line Items]
Investments in Joint Ventures and Associates Accounted for Using the Equity Method	3,076	3,209
Infrastructure \| Other [Member]
Disclosure Of Associates And Joint Ventures [Line Items]
Investments in Joint Ventures and Associates Accounted for Using the Equity Method	106	130
Private Equity
Disclosure Of Associates And Joint Ventures [Line Items]
Equity accounted investments	2,945	2,623
Additions, net of disposals1	517
Private Equity \| Other [Member]
Disclosure Of Associates And Joint Ventures [Line Items]
Investments in Joint Ventures and Associates Accounted for Using the Equity Method	2,158	1,789
Private Equity \| Industrial operations [Member]
Disclosure Of Associates And Joint Ventures [Line Items]
Investments in Joint Ventures and Associates Accounted for Using the Equity Method	787	834
Renewable Power \| Shareholders' Loan
Disclosure Of Associates And Joint Ventures [Line Items]
Financial assets		500
Renewable Power \| Other [Member]
Disclosure Of Associates And Joint Ventures [Line Items]
Investments in Joint Ventures and Associates Accounted for Using the Equity Method	1,801	1,444
Equity accounted investments	1,801	1,444
Other
Disclosure Of Associates And Joint Ventures [Line Items]
Investments in Joint Ventures and Associates Accounted for Using the Equity Method	1,360	389
Renewable Power and Other
Disclosure Of Associates And Joint Ventures [Line Items]
Investments in Joint Ventures and Associates Accounted for Using the Equity Method	3,161	1,833
Equity accounted investments	3,161	$ 1,833
Additions, net of disposals1	$ 1,235
Real Estate and Infrastructure [Member]
Disclosure Of Associates And Joint Ventures [Line Items]
Proportion of ownership interest in associate or joint venture	50.00%
Bottom of range \| Real Estate \| LP Investments and Other [Member]
Disclosure Of Associates And Joint Ventures [Line Items]
Proportion of ownership interest in associate	13.00%	16.00%
Bottom of range \| Infrastructure \| Utilities [Member]
Disclosure Of Associates And Joint Ventures [Line Items]
Proportion of ownership interest in associate	11.00%	11.00%
Bottom of range \| Infrastructure \| Transport
Disclosure Of Associates And Joint Ventures [Line Items]
Proportion of ownership interest in associate	21.00%	21.00%
Bottom of range \| Infrastructure \| Data [Member]
Disclosure Of Associates And Joint Ventures [Line Items]
Proportion of ownership interest in associate	45.00%	45.00%
Bottom of range \| Infrastructure \| Other [Member]
Disclosure Of Associates And Joint Ventures [Line Items]
Proportion of ownership interest in associate	22.00%	22.00%
Bottom of range \| Private Equity \| Other [Member]
Disclosure Of Associates And Joint Ventures [Line Items]
Proportion of ownership interest in associate	14.00%	14.00%
Bottom of range \| Private Equity \| Industrial operations [Member]
Disclosure Of Associates And Joint Ventures [Line Items]
Proportion of ownership interest in associate	24.00%	24.00%
Bottom of range \| Renewable Power \| Other [Member]
Disclosure Of Associates And Joint Ventures [Line Items]
Proportion of ownership interest in associate or joint venture	3.00%	12.00%
Bottom of range \| Other
Disclosure Of Associates And Joint Ventures [Line Items]
Proportion of ownership interest in associate or joint venture	22.00%	14.00%
Top of range \| Real Estate \| LP Investments and Other [Member]
Disclosure Of Associates And Joint Ventures [Line Items]
Proportion of ownership interest in associate	31.00%	50.00%
Top of range \| Infrastructure \| Utilities [Member]
Disclosure Of Associates And Joint Ventures [Line Items]
Proportion of ownership interest in associate	50.00%	50.00%
Top of range \| Infrastructure \| Transport
Disclosure Of Associates And Joint Ventures [Line Items]
Proportion of ownership interest in associate	58.00%	58.00%
Top of range \| Infrastructure \| Data [Member]
Disclosure Of Associates And Joint Ventures [Line Items]
Proportion of ownership interest in associate	50.00%	50.00%
Top of range \| Infrastructure \| Other [Member]
Disclosure Of Associates And Joint Ventures [Line Items]
Proportion of ownership interest in associate	50.00%	50.00%
Top of range \| Private Equity \| Other [Member]
Disclosure Of Associates And Joint Ventures [Line Items]
Proportion of ownership interest in associate	70.00%	70.00%
Top of range \| Private Equity \| Industrial operations [Member]
Disclosure Of Associates And Joint Ventures [Line Items]
Proportion of ownership interest in associate	54.00%	54.00%
Top of range \| Renewable Power \| Other [Member]
Disclosure Of Associates And Joint Ventures [Line Items]
Proportion of ownership interest in associate or joint venture	65.00%	60.00%
Top of range \| Other
Disclosure Of Associates And Joint Ventures [Line Items]
Proportion of ownership interest in associate or joint venture	70.00%	77.00%
Core \| Real Estate
Disclosure Of Associates And Joint Ventures [Line Items]
Carrying value of publicly traded investments accounted for using equity method	$ 9,819	$ 8,866
Core \| Bottom of range \| Real Estate
Disclosure Of Associates And Joint Ventures [Line Items]
Proportion of ownership interest in joint venture	15.00%	15.00%
Core \| Top of range \| Real Estate
Disclosure Of Associates And Joint Ventures [Line Items]
Proportion of ownership interest in joint venture	56.00%	56.00%
Transitional and Development [Member] \| Real Estate
Disclosure Of Associates And Joint Ventures [Line Items]
Carrying value of publicly traded investments accounted for using equity method	$ 9,946	$ 9,684
Transitional and Development [Member] \| Bottom of range \| Real Estate
Disclosure Of Associates And Joint Ventures [Line Items]
Proportion of ownership interest in joint venture	22.00%	22.00%
Transitional and Development [Member] \| Top of range \| Real Estate
Disclosure Of Associates And Joint Ventures [Line Items]
Proportion of ownership interest in joint venture	68.00%	68.00%
LP Investments and Other [Member] \| Real Estate
Disclosure Of Associates And Joint Ventures [Line Items]
Carrying value of publicly traded investments accounted for using equity method	$ 4,813	$ 2,338
LP Investments and Other [Member] \| Bottom of range \| Real Estate
Disclosure Of Associates And Joint Ventures [Line Items]
Proportion of ownership interest in joint venture	8.00%	9.00%
LP Investments and Other [Member] \| Top of range \| Real Estate
Disclosure Of Associates And Joint Ventures [Line Items]
Proportion of ownership interest in joint venture	91.00%	84.00%
Energy [Member] \| Infrastructure
Disclosure Of Associates And Joint Ventures [Line Items]
Proportion of ownership interest in joint venture	50.00%	50.00%
Additions, net of disposals1	$ 64	$ 226
Other [Member] \| Infrastructure
Disclosure Of Associates And Joint Ventures [Line Items]
Proportion of ownership interest in joint venture	50.00%	50.00%
Additions, net of disposals1	$ 653	$ 841
Aggregated individually immaterial joint ventures [member] \| Other [Member]
Disclosure Of Associates And Joint Ventures [Line Items]
Investments in Joint Ventures and Associates Accounted for Using the Equity Method	$ 404	$ 346

EQUITY ACCOUNTED INVESTMENTS _2

EQUITY ACCOUNTED INVESTMENTS - Schedule Of Changes In Balance Of Investments (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Disclosure Of Associates And Joint Ventures [Line Items]
Balance, beginning of year	$ 41,327	$ 40,698
Additions, net of disposals1	4,013	2,568
Acquisitions through business combinations	72	0
Investment Accounted for Using Equity Method, Share of comprehensive income	3,387	(125)
Distributions received	(1,758)	(1,268)
Return of Capital	(273)	(115)
Foreign currency translation and other	(668)	(431)
Balance, end of year	46,100	41,327
Real Estate
Disclosure Of Associates And Joint Ventures [Line Items]
Balance, beginning of year	21,024
Additions, net of disposals1	2,660
Acquisitions through business combinations	7
Distributions received	194
Return of Capital	(271)
Investment Accounted For Using Equity Method, Distribution Received	1,737
Foreign currency translation and other	(134)
Balance, end of year	24,829	21,024
Infrastructure
Disclosure Of Associates And Joint Ventures [Line Items]
Balance, beginning of year	10,530
Additions, net of disposals1	(594)
Acquisitions through business combinations	0
Distributions received	598
Return of Capital	0
Investment Accounted For Using Equity Method, Distribution Received	685
Foreign currency translation and other	(454)
Balance, end of year	9,569	10,530
Private Equity
Disclosure Of Associates And Joint Ventures [Line Items]
Balance, beginning of year	2,623
Additions, net of disposals1	517
Acquisitions through business combinations	20
Distributions received	169
Return of Capital	(2)
Investment Accounted For Using Equity Method, Distribution Received	(12)
Foreign currency translation and other	(32)
Balance, end of year	2,945	2,623
Renewable Power and Other
Disclosure Of Associates And Joint Ventures [Line Items]
Balance, beginning of year	1,833
Additions, net of disposals1	1,235
Acquisitions through business combinations	45
Distributions received	216
Return of Capital	0
Investment Accounted For Using Equity Method, Distribution Received	312
Foreign currency translation and other	(48)
Balance, end of year	3,161	1,833
Oaktree [Member]
Disclosure Of Associates And Joint Ventures [Line Items]
Balance, beginning of year	5,317
Additions, net of disposals1	195
Acquisitions through business combinations	0
Distributions received	(581)
Return of Capital	0
Investment Accounted For Using Equity Method, Distribution Received	665
Foreign currency translation and other	0
Balance, end of year	$ 5,596	$ 5,317

EQUITY ACCOUNTED INVESTMENTS EQ

EQUITY ACCOUNTED INVESTMENTS EQUITY ACCOUNTED INVESTMENTS - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Equity Accounted Income - Narrative [Abstract]
Investment Accounted For Using Equity Method, Additions, Net Of Disposals	$ 4,013	$ 2,568

EQUITY ACCOUNTED INVESTMENTS _3

EQUITY ACCOUNTED INVESTMENTS - Schedule Of Current And Non-Current Assets And Liabilities Of Investments In Associates And Joint Ventures (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Disclosure Of Associates And Joint Ventures [Line Items]
Current assets	$ 18,920	$ 14,965
Non-current assets	197,862	170,348
Current liabilities	16,933	13,784
Non-current liabilities	101,007	81,211
Renewable Power
Disclosure Of Associates And Joint Ventures [Line Items]
Current assets	2,763	1,355
Non-current assets	12,675	7,492
Current liabilities	2,546	635
Non-current liabilities	6,811	3,307
Other [Member]
Disclosure Of Associates And Joint Ventures [Line Items]
Current assets	2,631	210
Non-current assets	10,840	790
Current liabilities	1,773	67
Non-current liabilities	8,825	178
Oaktree [Member]
Disclosure Of Associates And Joint Ventures [Line Items]
Current assets	2,136	2,253
Non-current assets	20,351	17,056
Current liabilities	1,936	2,146
Non-current liabilities	9,229	7,487
LP Investments and Other [Member] \| Real Estate
Disclosure Of Associates And Joint Ventures [Line Items]
Current assets	17	21
Non-current assets	1,070	1,207
Current liabilities	19	42
Non-current liabilities	757	958
Other [Member] \| Infrastructure
Disclosure Of Associates And Joint Ventures [Line Items]
Current assets	30	34
Non-current assets	321	356
Current liabilities	20	32
Non-current liabilities	84	143
Other [Member] \| Private Equity
Disclosure Of Associates And Joint Ventures [Line Items]
Current assets	1,946	2,077
Non-current assets	9,162	9,303
Current liabilities	1,206	1,357
Non-current liabilities	7,217	6,697
Data [Member] \| Infrastructure
Disclosure Of Associates And Joint Ventures [Line Items]
Current assets	1,054	841
Non-current assets	13,394	13,308
Current liabilities	1,727	1,263
Non-current liabilities	6,284	6,081
Transport \| Infrastructure
Disclosure Of Associates And Joint Ventures [Line Items]
Current assets	1,325	1,223
Non-current assets	24,322	25,078
Current liabilities	2,160	1,929
Non-current liabilities	12,981	9,538
Utilities [Member] \| Infrastructure
Disclosure Of Associates And Joint Ventures [Line Items]
Current assets	359	646
Non-current assets	5,723	6,142
Current liabilities	444	487
Non-current liabilities	3,738	4,238
Industrial products [Member] \| Private Equity
Disclosure Of Associates And Joint Ventures [Line Items]
Current assets	1,421	1,096
Non-current assets	1,169	736
Current liabilities	640	505
Non-current liabilities	330	222
Core office \| Real Estate
Disclosure Of Associates And Joint Ventures [Line Items]
Current assets	1,985	2,496
Non-current assets	39,322	36,668
Current liabilities	2,272	3,485
Non-current liabilities	17,787	17,107
LP Investments and Other [Member] \| Real Estate
Disclosure Of Associates And Joint Ventures [Line Items]
Current assets	1,854	1,279
Non-current assets	19,622	12,288
Current liabilities	1,214	903
Non-current liabilities	9,164	7,290
Other [Member] \| Infrastructure
Disclosure Of Associates And Joint Ventures [Line Items]
Current assets	32	43
Non-current assets	115	685
Current liabilities	12	30
Non-current liabilities	63	299
Energy [Member] \| Infrastructure
Disclosure Of Associates And Joint Ventures [Line Items]
Current assets	197	161
Non-current assets	6,097	6,157
Current liabilities	215	230
Non-current liabilities	4,003	3,945
Core \| Real Estate
Disclosure Of Associates And Joint Ventures [Line Items]
Current assets	1,170	1,230
Non-current assets	33,679	33,082
Current liabilities	749	673
Non-current liabilities	$ 13,734	$ 13,721

EQUITY ACCOUNTED INVESTMENTS _4

EQUITY ACCOUNTED INVESTMENTS - Schedule Of Revenue, Net Income and OCI Of Investments (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Disclosure Of Associates And Joint Ventures [Line Items]
Revenue of associate or joint venture	$ 42,994	$ 25,237
Profit (Loss) of associate or joint venture	6,471	189
Other Comprehensive Income of associate or joint venture	952	(2,313)
Renewable Power
Disclosure Of Associates And Joint Ventures [Line Items]
Revenue of associate or joint venture	2,891	737
Profit (Loss) of associate or joint venture	(208)	219
Other Comprehensive Income of associate or joint venture	(15)	174
Other [Member]
Disclosure Of Associates And Joint Ventures [Line Items]
Revenue of associate or joint venture	8,102	192
Profit (Loss) of associate or joint venture	250	56
Other Comprehensive Income of associate or joint venture	(15)	(2)
Industrial operations [Member] \| Private Equity
Disclosure Of Associates And Joint Ventures [Line Items]
Revenue of associate or joint venture	3,082	2,713
Profit (Loss) of associate or joint venture	424	132
Other Comprehensive Income of associate or joint venture	(4)	0
Oaktree [Member]
Disclosure Of Associates And Joint Ventures [Line Items]
Revenue of associate or joint venture	2,308	1,104
Profit (Loss) of associate or joint venture	1,355	158
Other Comprehensive Income of associate or joint venture	7	(2)
Norbord \| Private Equity
Disclosure Of Associates And Joint Ventures [Line Items]
Revenue of associate or joint venture	0	2,407
Profit (Loss) of associate or joint venture	0	386
Other Comprehensive Income of associate or joint venture	0	12
Other [Member] \| Infrastructure
Disclosure Of Associates And Joint Ventures [Line Items]
Revenue of associate or joint venture	50	41
Profit (Loss) of associate or joint venture	(66)	(23)
Other Comprehensive Income of associate or joint venture	56	(245)
Other [Member] \| Private Equity
Disclosure Of Associates And Joint Ventures [Line Items]
Revenue of associate or joint venture	5,215	4,332
Profit (Loss) of associate or joint venture	(233)	(130)
Other Comprehensive Income of associate or joint venture	(113)	48
Transport \| Infrastructure
Disclosure Of Associates And Joint Ventures [Line Items]
Revenue of associate or joint venture	11,685	4,054
Profit (Loss) of associate or joint venture	1,570	169
Other Comprehensive Income of associate or joint venture	(433)	(1,451)
Utilities [Member] \| Infrastructure
Disclosure Of Associates And Joint Ventures [Line Items]
Revenue of associate or joint venture	1,336	1,715
Profit (Loss) of associate or joint venture	521	364
Other Comprehensive Income of associate or joint venture	28	(205)
Data [Member] \| Infrastructure
Disclosure Of Associates And Joint Ventures [Line Items]
Revenue of associate or joint venture	2,460	2,245
Profit (Loss) of associate or joint venture	70	293
Other Comprehensive Income of associate or joint venture	73	374
LP Investments and Other [Member] \| Real Estate
Disclosure Of Associates And Joint Ventures [Line Items]
Revenue of associate or joint venture	84	99
Profit (Loss) of associate or joint venture	(133)	(145)
Other Comprehensive Income of associate or joint venture	949	(941)
Other [Member] \| Infrastructure
Disclosure Of Associates And Joint Ventures [Line Items]
Revenue of associate or joint venture	123	107
Profit (Loss) of associate or joint venture	4	2
Other Comprehensive Income of associate or joint venture	(2)	33
Energy [Member] \| Infrastructure
Disclosure Of Associates And Joint Ventures [Line Items]
Revenue of associate or joint venture	783	736
Profit (Loss) of associate or joint venture	137	244
Other Comprehensive Income of associate or joint venture	0	0
LP Investments and Other [Member] \| Real Estate
Disclosure Of Associates And Joint Ventures [Line Items]
Revenue of associate or joint venture	1,114	945
Profit (Loss) of associate or joint venture	457	(376)
Other Comprehensive Income of associate or joint venture	321	5
Core \| Real Estate
Disclosure Of Associates And Joint Ventures [Line Items]
Revenue of associate or joint venture	1,844	1,944
Profit (Loss) of associate or joint venture	919	(1,471)
Other Comprehensive Income of associate or joint venture	0	0
Core office \| Real Estate
Disclosure Of Associates And Joint Ventures [Line Items]
Revenue of associate or joint venture	1,917	1,866
Profit (Loss) of associate or joint venture	1,404	311
Other Comprehensive Income of associate or joint venture	$ 100	$ (113)

PROPERTY, PLANT AND EQUIPMENT -

PROPERTY, PLANT AND EQUIPMENT - Schedule of Property, Plant and Equipment by Operating Segments (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment	$ 115,489	$ 100,009
Right-of-use assets	4,100	3,300
Costs
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment	103,008	88,071
Accumulated fair value changes
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment	31,074	28,384
Accumulated depreciation
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment	(18,593)	(16,446)
Renewable Power
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment	50,317	45,206
Renewable Power \| Costs
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment	30,588	28,838	$ 27,820
Renewable Power \| Accumulated fair value changes
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment	28,138	24,238	20,465
Renewable Power \| Accumulated depreciation
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment	(8,409)	(7,870)	(6,690)
Private Equity and Other [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment	15,653	14,204
Private Equity and Other [Member] \| Costs
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment	21,255	18,770
Private Equity and Other [Member] \| Accumulated fair value changes
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment	(1,022)	(873)
Private Equity and Other [Member] \| Accumulated depreciation
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment	(4,580)	(3,693)
Infrastructure
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment	38,655	32,167
Infrastructure \| Costs
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment	39,769	31,212	22,454
Infrastructure \| Accumulated fair value changes
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment	3,077	4,626	3,777
Infrastructure \| Accumulated depreciation
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment	(4,191)	(3,671)	(2,459)
Real Estate
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment	10,864	8,432	9,729
Real Estate \| Costs
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment	11,396	9,251	9,890
Real Estate \| Accumulated fair value changes
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment	881	393	1,366
Real Estate \| Accumulated depreciation
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment	(1,413)	(1,212)	$ (1,527)
Property, plant and equipment [member]
Disclosure of detailed information about property, plant and equipment [line items]
Assets subject to operating leases	5,800	3,900
Right-of-use assets	7,000	6,700
Property, plant and equipment [member] \| Renewable Power
Disclosure of detailed information about property, plant and equipment [line items]
Right-of-use assets	415	393
Property, plant and equipment [member] \| Private Equity and Other [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Right-of-use assets	1,700	1,300
Property, plant and equipment [member] \| Infrastructure
Disclosure of detailed information about property, plant and equipment [line items]
Right-of-use assets	4,000	4,100
Property, plant and equipment [member] \| Real Estate
Disclosure of detailed information about property, plant and equipment [line items]
Right-of-use assets	$ 905	$ 856

PROPERTY, PLANT AND EQUIPMENT_2

PROPERTY, PLANT AND EQUIPMENT - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Disclosure of detailed information about property, plant and equipment [line items]
Impairment loss	$ 240
Property, plant and equipment, revalued assets, at cost	72,000	$ 59,000
Property, plant and equipment, pledged as security	$ 66,200	$ 80,200
Brazil \| Renewable Power
Disclosure of detailed information about property, plant and equipment [line items]
Weighted-average remaining duration, property, plant, and equipment	31 years	32 years

PROPERTY, PLANT AND EQUIPMENT_3

PROPERTY, PLANT AND EQUIPMENT - Schedule of Renewable Property, Plant and Equipment (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment	$ 115,489	$ 100,009
Gross carrying amount [member]
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment	103,008	88,071
Accumulated fair value changes
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment	31,074	28,384
Accumulated depreciation and amortisation
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment	(18,593)	(16,446)
Renewable Power
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment	50,317	45,206
Renewable Power \| Gross carrying amount [member]
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment	30,588	28,838	$ 27,820
Additions, net of disposals and assets reclassified as held for sale	475	700
Acquisitions through business combinations, property, plant and equipment	2,366	661
Foreign currency translation	(1,091)	(343)
Renewable Power \| Accumulated fair value changes
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment	28,138	24,238	20,465
Foreign currency translation	(565)	(380)
Fair value changes	4,819	4,153
Disposals, property, plant and equipment	(354)
Renewable Power \| Accumulated depreciation and amortisation
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment	(8,409)	(7,870)	(6,690)
Foreign currency translation	156	134
Disposals, property, plant and equipment	815	51
Depreciation expenses	(1,510)	(1,365)
Hydroelectric [Member] \| Renewable Power
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment	32,693	29,033
Hydroelectric [Member] \| Renewable Power \| Gross carrying amount [member]
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment	13,871	13,899	14,074
Additions, net of disposals and assets reclassified as held for sale	734	425
Acquisitions through business combinations, property, plant and equipment	0	0
Foreign currency translation	(762)	(600)
Hydroelectric [Member] \| Renewable Power \| Accumulated fair value changes
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment	23,973	19,865	16,927
Foreign currency translation	(473)	(283)
Fair value changes	4,581	3,221
Hydroelectric [Member] \| Renewable Power \| Accumulated depreciation and amortisation
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment	(5,151)	(4,731)	(4,412)
Foreign currency translation	114	181
Disposals, property, plant and equipment	22	17
Depreciation expenses	(556)	(517)
Wind Energy, Solar and Other \| Renewable Power
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment	9,408	9,013
Wind Energy, Solar and Other \| Renewable Power \| Gross carrying amount [member]
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment	9,033	8,398	8,459
Additions, net of disposals and assets reclassified as held for sale	(907)	(9)
Acquisitions through business combinations, property, plant and equipment	1,643	0
Foreign currency translation	(101)	(52)
Wind Energy, Solar and Other \| Renewable Power \| Accumulated fair value changes
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment	2,461	2,908	2,588
Foreign currency translation	(49)	(82)
Fair value changes	(44)	402
Disposals, property, plant and equipment	(354)
Wind Energy, Solar and Other \| Renewable Power \| Accumulated depreciation and amortisation
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment	(2,086)	(2,293)	(1,781)
Foreign currency translation	14	9
Disposals, property, plant and equipment	792	25
Depreciation expenses	(599)	(546)
Solar and Other [Member] \| Renewable Power
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment	8,216	7,160
Solar and Other [Member] \| Renewable Power \| Gross carrying amount [member]
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment	7,684	6,541	5,287
Additions, net of disposals and assets reclassified as held for sale	648	284
Acquisitions through business combinations, property, plant and equipment	723	661
Foreign currency translation	(228)	309
Solar and Other [Member] \| Renewable Power \| Accumulated fair value changes
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment	1,704	1,465	950
Foreign currency translation	(43)	(15)
Fair value changes	282	530
Solar and Other [Member] \| Renewable Power \| Accumulated depreciation and amortisation
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment	(1,172)	(846)	$ (497)
Foreign currency translation	28	(56)
Disposals, property, plant and equipment	1	9
Depreciation expenses	$ (355)	$ (302)

PROPERTY, PLANT AND EQUIPMENT_4

PROPERTY, PLANT AND EQUIPMENT - Schedule of Property, Plant and Equipment Measured at Fair Value (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment	$ 115,489	$ 100,009
Renewable Power
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment	50,317	45,206
Renewable Power \| North America
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment	32,629	28,044
Renewable Power \| Brazil
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment	3,547	3,005
Renewable Power \| Colombia
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment	8,497	8,150
Renewable Power \| Europe
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment	3,935	4,912
Renewable Power \| Other
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment	$ 1,709	$ 1,095

PROPERTY, PLANT AND EQUIPMENT_5

PROPERTY, PLANT AND EQUIPMENT - Schedule of Valuation Metrics (Details) - yr	Dec. 31, 2021	Dec. 31, 2020
North America [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Terminal Year	2,042	2,041
Brazil
Disclosure of detailed information about property, plant and equipment [line items]
Terminal Year	2,048	2,048
Colombia
Disclosure of detailed information about property, plant and equipment [line items]
Terminal Year	2,041	2,040
Europe
Disclosure of detailed information about property, plant and equipment [line items]
Terminal Year	2,036	2,035
Property, plant and equipment [member] \| Renewable Power \| Colombia \| Discounted cash flows
Disclosure of detailed information about property, plant and equipment [line items]
Terminal capitalization rate	8.00%	8.90%
Property, plant and equipment [member] \| Renewable Power \| Bottom of range \| North America [Member] \| Discounted cash flows
Disclosure of detailed information about property, plant and equipment [line items]
Terminal capitalization rate	480.00%	580.00%
Property, plant and equipment [member] \| Renewable Power \| Top of range \| North America [Member] \| Discounted cash flows
Disclosure of detailed information about property, plant and equipment [line items]
Terminal capitalization rate	510.00%	620.00%
Property, plant and equipment [member] \| Contracted [Member] \| Renewable Power \| Brazil \| Discounted cash flows
Disclosure of detailed information about property, plant and equipment [line items]
Discount rates	7.20%	7.30%
Property, plant and equipment [member] \| Contracted [Member] \| Renewable Power \| Colombia \| Discounted cash flows
Disclosure of detailed information about property, plant and equipment [line items]
Discount rates	7.90%	8.10%
Property, plant and equipment [member] \| Contracted [Member] \| Renewable Power \| Europe \| Discounted cash flows
Disclosure of detailed information about property, plant and equipment [line items]
Discount rates	3.90%
Property, plant and equipment [member] \| Contracted [Member] \| Renewable Power \| Bottom of range \| North America [Member] \| Discounted cash flows
Disclosure of detailed information about property, plant and equipment [line items]
Discount rates	410.00%	410.00%
Property, plant and equipment [member] \| Contracted [Member] \| Renewable Power \| Bottom of range \| Europe \| Discounted cash flows
Disclosure of detailed information about property, plant and equipment [line items]
Discount rates		300.00%
Property, plant and equipment [member] \| Contracted [Member] \| Renewable Power \| Top of range \| North America [Member] \| Discounted cash flows
Disclosure of detailed information about property, plant and equipment [line items]
Discount rates	430.00%	450.00%
Property, plant and equipment [member] \| Contracted [Member] \| Renewable Power \| Top of range \| Europe \| Discounted cash flows
Disclosure of detailed information about property, plant and equipment [line items]
Discount rates		360.00%
Property, plant and equipment [member] \| Uncontracted [Member] \| Renewable Power \| Brazil \| Discounted cash flows
Disclosure of detailed information about property, plant and equipment [line items]
Discount rates	8.50%	8.60%
Property, plant and equipment [member] \| Uncontracted [Member] \| Renewable Power \| Colombia \| Discounted cash flows
Disclosure of detailed information about property, plant and equipment [line items]
Discount rates	9.20%	9.40%
Property, plant and equipment [member] \| Uncontracted [Member] \| Renewable Power \| Europe \| Discounted cash flows
Disclosure of detailed information about property, plant and equipment [line items]
Discount rates	3.90%
Property, plant and equipment [member] \| Uncontracted [Member] \| Renewable Power \| Bottom of range \| North America [Member] \| Discounted cash flows
Disclosure of detailed information about property, plant and equipment [line items]
Discount rates	540.00%	560.00%
Property, plant and equipment [member] \| Uncontracted [Member] \| Renewable Power \| Bottom of range \| Europe \| Discounted cash flows
Disclosure of detailed information about property, plant and equipment [line items]
Discount rates		360.00%
Property, plant and equipment [member] \| Uncontracted [Member] \| Renewable Power \| Top of range \| North America [Member] \| Discounted cash flows
Disclosure of detailed information about property, plant and equipment [line items]
Discount rates	560.00%	600.00%
Property, plant and equipment [member] \| Uncontracted [Member] \| Renewable Power \| Top of range \| Europe \| Discounted cash flows
Disclosure of detailed information about property, plant and equipment [line items]
Discount rates		470.00%

PROPERTY, PLANT AND EQUIPMENT_6

PROPERTY, PLANT AND EQUIPMENT - Schedule of Power Purchase Agreements (Details) - Renewable Power	Dec. 31, 2021USD ($)	Dec. 31, 2021BRL (R$)	Dec. 31, 2021COP ($)	Dec. 31, 2021EUR (€)
Later Than One Year And Not Later Than Eleven Years \| North America [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Total Generation Contracted under Power Purchase Agreements	48.00%	48.00%	48.00%	48.00%
Power Prices from Long-Term Power Purchase Agreements (weighted average)	$ 82
Estimates of Future Electricity Prices (weighted average)	$ 77
Later Than One Year And Not Later Than Eleven Years \| Brazil
Disclosure of detailed information about property, plant and equipment [line items]
Total Generation Contracted under Power Purchase Agreements	83.00%	83.00%	83.00%	83.00%
Power Prices from Long-Term Power Purchase Agreements (weighted average) \| R$		R$ 306
Estimates of Future Electricity Prices (weighted average) \| R$		R$ 282
Later Than One Year And Not Later Than Eleven Years \| Colombia
Disclosure of detailed information about property, plant and equipment [line items]
Total Generation Contracted under Power Purchase Agreements	30.00%	30.00%	30.00%	30.00%
Power Prices from Long-Term Power Purchase Agreements (weighted average)			$ 251,000
Estimates of Future Electricity Prices (weighted average)			$ 290,000
Later Than One Year And Not Later Than Eleven Years \| Europe
Disclosure of detailed information about property, plant and equipment [line items]
Total Generation Contracted under Power Purchase Agreements	94.00%	94.00%	94.00%	94.00%
Power Prices from Long-Term Power Purchase Agreements (weighted average) \| €				€ 44
Estimates of Future Electricity Prices (weighted average) \| €				€ 34
Later Than Eleven Years And Not Later Than Twenty Years \| North America [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Total Generation Contracted under Power Purchase Agreements	17.00%	17.00%	17.00%	17.00%
Power Prices from Long-Term Power Purchase Agreements (weighted average)	$ 71
Estimates of Future Electricity Prices (weighted average)	$ 114
Later Than Eleven Years And Not Later Than Twenty Years \| Brazil
Disclosure of detailed information about property, plant and equipment [line items]
Total Generation Contracted under Power Purchase Agreements	61.00%	61.00%	61.00%	61.00%
Power Prices from Long-Term Power Purchase Agreements (weighted average) \| R$		R$ 358
Estimates of Future Electricity Prices (weighted average) \| R$		R$ 345
Later Than Eleven Years And Not Later Than Twenty Years \| Colombia
Disclosure of detailed information about property, plant and equipment [line items]
Total Generation Contracted under Power Purchase Agreements	1.00%	1.00%	1.00%	1.00%
Power Prices from Long-Term Power Purchase Agreements (weighted average)			$ 313,000
Estimates of Future Electricity Prices (weighted average)			$ 439,000
Later Than Eleven Years And Not Later Than Twenty Years \| Europe
Disclosure of detailed information about property, plant and equipment [line items]
Total Generation Contracted under Power Purchase Agreements	66.00%	66.00%	66.00%	66.00%
Power Prices from Long-Term Power Purchase Agreements (weighted average) \| €				€ 39
Estimates of Future Electricity Prices (weighted average) \| €				€ 39

PROPERTY, PLANT AND EQUIPMENT_7

PROPERTY, PLANT AND EQUIPMENT - Schedule of Infrastructure Property, Plant and Equipment (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period	$ 100,009
Balance, end of period	115,489	$ 100,009
Costs
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period	88,071
Balance, end of period	103,008	88,071
Accumulated fair value changes
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period	28,384
Balance, end of period	31,074	28,384
Accumulated depreciation and amortisation
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period	(16,446)
Balance, end of period	(18,593)	(16,446)
Infrastructure
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period	32,167
Balance, end of period	38,655	32,167
Infrastructure \| Costs
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period	31,212	22,454
Additions, net of disposals and assets reclassified as held for sale	(1,362)	1,008
Acquisitions through business combinations	10,179	7,334
Foreign currency translation	(260)	416
Balance, end of period	39,769	31,212
Infrastructure \| Accumulated fair value changes
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period	4,626	3,777
Dispositions and assets reclassified as held for sale	1,643	0
Fair value changes	172	792
Foreign currency translation	(78)	57
Balance, end of period	3,077	4,626
Infrastructure \| Accumulated depreciation and amortisation
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period	(3,671)	(2,459)
Depreciation expenses	(1,526)	(1,257)
Dispositions and assets reclassified as held for sale	(946)	(170)
Foreign currency translation	60	(125)
Balance, end of period	(4,191)	(3,671)
Utilities [Member] \| Infrastructure
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period	10,610
Balance, end of period	7,936	10,610
Utilities [Member] \| Infrastructure \| Costs
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period	9,306	8,654
Additions, net of disposals and assets reclassified as held for sale	(1,788)	550
Acquisitions through business combinations	180	0
Foreign currency translation	(116)	102
Balance, end of period	7,582	9,306
Utilities [Member] \| Infrastructure \| Accumulated fair value changes
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period	2,917	2,187
Dispositions and assets reclassified as held for sale	1,399	0
Fair value changes	134	652
Foreign currency translation	(26)	78
Balance, end of period	1,626	2,917
Utilities [Member] \| Infrastructure \| Accumulated depreciation and amortisation
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period	(1,613)	(1,172)
Depreciation expenses	(352)	(419)
Dispositions and assets reclassified as held for sale	(682)	(12)
Foreign currency translation	11	(34)
Balance, end of period	(1,272)	(1,613)
Transport \| Infrastructure
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period	8,341
Balance, end of period	8,376	8,341
Transport \| Infrastructure \| Costs
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period	8,698	8,309
Additions, net of disposals and assets reclassified as held for sale	312	146
Acquisitions through business combinations	134	0
Foreign currency translation	(145)	243
Balance, end of period	8,999	8,698
Transport \| Infrastructure \| Accumulated fair value changes
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period	1,047	857
Dispositions and assets reclassified as held for sale	0	0
Fair value changes	48	113
Foreign currency translation	(50)	77
Balance, end of period	1,045	1,047
Transport \| Infrastructure \| Accumulated depreciation and amortisation
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period	(1,404)	(950)
Depreciation expenses	(481)	(498)
Dispositions and assets reclassified as held for sale	(161)	(134)
Foreign currency translation	56	(90)
Balance, end of period	(1,668)	(1,404)
Midstream [Member] \| Infrastructure
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period	4,303
Balance, end of period	14,648	4,303
Midstream [Member] \| Infrastructure \| Costs
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period	4,321	3,971
Additions, net of disposals and assets reclassified as held for sale	511	277
Acquisitions through business combinations	9,865	0
Foreign currency translation	165	73
Balance, end of period	14,862	4,321
Midstream [Member] \| Infrastructure \| Accumulated fair value changes
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period	338	317
Dispositions and assets reclassified as held for sale	0	0
Fair value changes	70	21
Foreign currency translation	0	0
Balance, end of period	408	338
Midstream [Member] \| Infrastructure \| Accumulated depreciation and amortisation
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period	(356)	(208)
Depreciation expenses	(270)	(141)
Dispositions and assets reclassified as held for sale	(20)	0
Foreign currency translation	(16)	(7)
Balance, end of period	(622)	(356)
Data [Member] \| Infrastructure
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period	8,330
Balance, end of period	7,695	8,330
Data [Member] \| Infrastructure \| Costs
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period	8,593	1,131
Additions, net of disposals and assets reclassified as held for sale	(103)	51
Acquisitions through business combinations	0	7,334
Foreign currency translation	(166)	77
Balance, end of period	8,324	8,593
Data [Member] \| Infrastructure \| Accumulated fair value changes
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period	0	0
Dispositions and assets reclassified as held for sale	0	0
Fair value changes	0	0
Foreign currency translation	0	0
Balance, end of period	0	0
Data [Member] \| Infrastructure \| Accumulated depreciation and amortisation
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period	(263)	(88)
Depreciation expenses	(419)	(189)
Dispositions and assets reclassified as held for sale	(45)	(17)
Foreign currency translation	8	(3)
Balance, end of period	(629)	(263)
Sustainable Resources [Member] \| Infrastructure
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period	583
Balance, end of period	0	583
Sustainable Resources [Member] \| Infrastructure \| Costs
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period	294	389
Additions, net of disposals and assets reclassified as held for sale	(294)	(16)
Acquisitions through business combinations	0	0
Foreign currency translation	2	(79)
Balance, end of period	2	294
Sustainable Resources [Member] \| Infrastructure \| Accumulated fair value changes
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period	324	416
Dispositions and assets reclassified as held for sale	244	0
Fair value changes	(80)	6
Foreign currency translation	(2)	(98)
Balance, end of period	(2)	324
Sustainable Resources [Member] \| Infrastructure \| Accumulated depreciation and amortisation
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period	(35)	(41)
Depreciation expenses	(4)	(10)
Dispositions and assets reclassified as held for sale	(38)	(7)
Foreign currency translation	1	9
Balance, end of period	$ 0	$ (35)

PROPERTY, PLANT AND EQUIPMENT_8

PROPERTY, PLANT AND EQUIPMENT - Key Valuation Metrics (Details) - Property, plant and equipment [member] - Infrastructure - Discounted cash flows	Dec. 31, 2021	Dec. 31, 2020
Utilities [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Terminal capitalization multiples	20
Terminal Year		10
Utilities [Member] \| Bottom of range
Disclosure of detailed information about property, plant and equipment [line items]
Discount rates	7.00%	7.00%
Terminal capitalization multiples		7
Terminal Year	10
Utilities [Member] \| Top of range
Disclosure of detailed information about property, plant and equipment [line items]
Discount rates	11.00%	14.00%
Terminal capitalization multiples		23
Terminal Year	20
Transport
Disclosure of detailed information about property, plant and equipment [line items]
Terminal Year	10	10
Transport \| Bottom of range
Disclosure of detailed information about property, plant and equipment [line items]
Discount rates	7.00%	7.00%
Terminal capitalization multiples	9	9
Transport \| Top of range
Disclosure of detailed information about property, plant and equipment [line items]
Discount rates	14.00%	13.00%
Terminal capitalization multiples	15	14
Midstream [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Discount rates	15.00%	15.00%
Terminal capitalization multiples	10	10
Midstream [Member] \| Bottom of range
Disclosure of detailed information about property, plant and equipment [line items]
Terminal Year	5	5
Midstream [Member] \| Top of range
Disclosure of detailed information about property, plant and equipment [line items]
Terminal Year	10	10
Sustainable Resources [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Discount rates		6.00%
Terminal capitalization multiples		6
Terminal Year		10

PROPERTY, PLANT AND EQUIPMENT_9

PROPERTY, PLANT AND EQUIPMENT - Schedule of Real Estate Assets, Private Equity and Other (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period	$ 100,009
Right-of-use assets	4,100	$ 3,300
Balance, end of period	115,489	100,009
Costs
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period	88,071
Balance, end of period	103,008	88,071
Accumulated Fair Value Changes
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period	28,384
Balance, end of period	31,074	28,384
Accumulated depreciation
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period	(16,446)
Balance, end of period	(18,593)	(16,446)
Real Estate
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period	8,432	9,729
Additions, net of disposals and assets reclassified as held for sale	(166)	915
Acquisitions through business combinations	2,172	0
Foreign currency translation	(159)	194
Fair value changes	1,113	(159)
Depreciation expenses	(499)	(457)
Balance, end of period	10,864	8,432
Real Estate \| Costs
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period	9,251	9,890
Additions, net of disposals and assets reclassified as held for sale	203	1,023
Acquisitions through business combinations	2,172	0
Foreign currency translation	(192)	233
Fair value changes	0	0
Depreciation expenses	0	0
Balance, end of period	11,396	9,251
Real Estate \| Accumulated Fair Value Changes
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period	393	1,366
Additions, net of disposals and assets reclassified as held for sale	(631)	(135)
Acquisitions through business combinations	0	0
Foreign currency translation	(2)	2
Fair value changes	1,113	(159)
Depreciation expenses	0	0
Balance, end of period	881	393
Real Estate \| Accumulated depreciation
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period	(1,212)	(1,527)
Additions, net of disposals and assets reclassified as held for sale	262	27
Acquisitions through business combinations	0	0
Foreign currency translation	35	(41)
Fair value changes	0	0
Depreciation expenses	(499)	(457)
Balance, end of period	(1,413)	(1,212)
Private Equity and Other
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period	14,204	14,168
Additions, net of disposals and assets reclassified as held for sale	1,498	1,221
Acquisitions through business combinations	2,518	84
Foreign currency translation	(304)	479
Depreciation expenses	(1,501)	(1,464)
Impairment loss recognised in profit or loss, property, plant and equipment	(240)	(284)
Balance, end of period	15,653	14,204
Private Equity and Other \| Costs
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period	18,770	17,269
Additions, net of disposals and assets reclassified as held for sale	1,124	874
Acquisitions through business combinations	2,518	84
Foreign currency translation	(337)	543
Depreciation expenses	0	0
Impairment loss recognised in profit or loss, property, plant and equipment	0	0
Balance, end of period	21,255	18,770
Private Equity and Other \| Accumulated depreciation
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period	(3,693)	(2,458)
Additions, net of disposals and assets reclassified as held for sale	277	290
Acquisitions through business combinations	0	0
Foreign currency translation	36	(61)
Depreciation expenses	(1,501)	(1,464)
Impairment loss recognised in profit or loss, property, plant and equipment	0	0
Balance, end of period	(4,580)	(3,693)
Private Equity and Other \| Accumulated Impairment
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period	(873)	(643)
Additions, net of disposals and assets reclassified as held for sale	97	57
Acquisitions through business combinations	0	0
Foreign currency translation	(3)	(3)
Depreciation expenses	0	0
Impairment loss recognised in profit or loss, property, plant and equipment	(240)	(284)
Balance, end of period	(1,022)	(873)
Property, plant and equipment [member]
Reconciliation of changes in property, plant and equipment [abstract]
Right-of-use assets	7,000	6,700
Property, plant and equipment [member] \| Real Estate
Reconciliation of changes in property, plant and equipment [abstract]
Right-of-use assets	905	856
Property, plant and equipment [member] \| Real Estate \| Change in property, plant and equipment policy [Member]
Reconciliation of changes in property, plant and equipment [abstract]
Right-of-use assets	(29)	(1,790)
Property, plant and equipment [member] \| Real Estate \| Costs \| Change in property, plant and equipment policy [Member]
Reconciliation of changes in property, plant and equipment [abstract]
Right-of-use assets	(38)	(1,895)
Property, plant and equipment [member] \| Real Estate \| Accumulated Fair Value Changes \| Change in property, plant and equipment policy [Member]
Reconciliation of changes in property, plant and equipment [abstract]
Right-of-use assets	8	(681)
Property, plant and equipment [member] \| Real Estate \| Accumulated depreciation \| Change in property, plant and equipment policy [Member]
Reconciliation of changes in property, plant and equipment [abstract]
Right-of-use assets	1	786
Property, plant and equipment [member] \| Private Equity and Other \| Change in property, plant and equipment policy [Member]
Reconciliation of changes in property, plant and equipment [abstract]
Right-of-use assets	(522)	0
Property, plant and equipment [member] \| Private Equity and Other \| Costs \| Change in property, plant and equipment policy [Member]
Reconciliation of changes in property, plant and equipment [abstract]
Right-of-use assets	(820)	0
Property, plant and equipment [member] \| Private Equity and Other \| Accumulated depreciation \| Change in property, plant and equipment policy [Member]
Reconciliation of changes in property, plant and equipment [abstract]
Right-of-use assets	301	0
Property, plant and equipment [member] \| Private Equity and Other \| Accumulated Impairment \| Change in property, plant and equipment policy [Member]
Reconciliation of changes in property, plant and equipment [abstract]
Right-of-use assets	$ (3)	$ 0

SUBSIDIARY PUBLIC ISSUERS AND_3

SUBSIDIARY PUBLIC ISSUERS AND FINANCE SUBSIDIARY - Narrative (Details) $ in Millions, $ in Millions

12 Months Ended

Dec. 31, 2021USD ($)

Feb. 02, 2022USD ($)

Dec. 31, 2021CAD ($)

Jul. 21, 2021USD ($)

Apr. 12, 2021USD ($)

Dec. 31, 2020USD ($)

Nov. 24, 2020USD ($)

Oct. 16, 2020USD ($)

Sep. 28, 2020USD ($)

Apr. 14, 2020USD ($)

Apr. 09, 2020USD ($)

Feb. 21, 2020USD ($)

Jan. 17, 2018USD ($)

Sep. 14, 2017USD ($)

Mar. 10, 2017USD ($)

Jun. 02, 2016USD ($)

Disclosure of subsidiaries [line items]

Corporate borrowings

$ 10,875

$ 9,077

Issued capital

$ 134,741

$ 122,642

BFI

Disclosure of subsidiaries [line items]

Proportion of voting rights held in subsidiary

100.00%

BFL

Disclosure of subsidiaries [line items]

Proportion of voting rights held in subsidiary

100.00%

Brookfield Finance Inc II [Member]

Disclosure of subsidiaries [line items]

Proportion of voting rights held in subsidiary

100.00%

Unsecured Notes Due 2026 | BFI

Disclosure of subsidiaries [line items]

Corporate borrowings

$ 500

Annual Rate

4.25%

Unsecured Notes Due 2047 | BFI

Disclosure of subsidiaries [line items]

Corporate borrowings

$ 350

$ 550

Annual Rate

4.70%

Unsecured Notes Due 2028 | BFI

Disclosure of subsidiaries [line items]

Corporate borrowings

$ 400

$ 650

Annual Rate

3.90%

Unsecured Notes Due 2029 | BFI

Disclosure of subsidiaries [line items]

Corporate borrowings

$ 1,000

Annual Rate

4.85%

Unsecured Notes Due 2030 | BFI

Disclosure of subsidiaries [line items]

Corporate borrowings

$ 150

$ 600

Annual Rate

4.35%

Unsecured Notes Due 2051 | BFI

Disclosure of subsidiaries [line items]

Corporate borrowings

$ 500

Annual Rate

3.50%

Subordinated Notes Due in 2080 | BFI

Disclosure of subsidiaries [line items]

Corporate borrowings

$ 400

Annual Rate

4.625%

Subordinated Notes Due in 2051 | BFI

Disclosure of subsidiaries [line items]

Corporate borrowings

$ 250

Annual Rate

3.50%

Unsecured Notes Due 2024 | BFL

Disclosure of subsidiaries [line items]

Corporate borrowings

$ 750

Annual Rate

4.00%

Unsecured Notes Due 2050 | BFL

Disclosure of subsidiaries [line items]

Corporate borrowings

$ 600

Annual Rate

3.45%

Perpetual Preferred Shares | Brookfield Finance I (UK) PLC

Disclosure of subsidiaries [line items]

Corporate borrowings

$ 230

Annual Rate

4.50%

Senior Notes Due 2032 | Brookfield Finance I (UK) PLC

Disclosure of subsidiaries [line items]

Corporate borrowings

$ 600

Annual Rate

2.34%

Unsecured Notes Due 2052 | BFI

Disclosure of subsidiaries [line items]

Corporate borrowings

$ 400

Borrowings, yield rate

3.625%

Unsecured Notes Due 2031 | BFI

Disclosure of subsidiaries [line items]

Corporate borrowings

$ 500

Annual Rate

2.724%

Preferred shares | BIC

Disclosure of subsidiaries [line items]

Issued capital

$ 37

SUBSIDIARY PUBLIC ISSUERS AND_4

SUBSIDIARY PUBLIC ISSUERS AND FINANCE SUBSIDIARY - Schedule Of Summarized Financial Information And Non-Guarantor Subsidiaries (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2021	Dec. 31, 2020
Disclosure of subsidiaries [line items]
Revenue		$ 75,731	$ 62,752
Net income attributable to shareholders		3,966	(134)
Total assets	$ 343,696	391,003	343,696
Total liabilities	221,054	256,262	221,054
Non-controlling interest - preferred equity	230	230	230
The Corporation
Disclosure of subsidiaries [line items]
Revenue		1,373	626
Net income attributable to shareholders		3,966	(134)
Total assets	73,898	84,793	73,898
Total liabilities	38,060	38,438	38,060
Non-controlling interest - preferred equity	0	0	0
BFI
Disclosure of subsidiaries [line items]
Revenue		250	280
Net income attributable to shareholders		(8)	73
Total assets	7,207	8,256	7,207
Total liabilities	5,547	6,387	5,547
Non-controlling interest - preferred equity	0	0	0
Brookfield Finance Inc II [Member]
Disclosure of subsidiaries [line items]
Revenue		0	0
Net income attributable to shareholders		0	0
Total assets	0	0	0
Total liabilities	0	0	0
Non-controlling interest - preferred equity	0	0	0
BFL
Disclosure of subsidiaries [line items]
Revenue		33	28
Net income attributable to shareholders		0	0
Total assets	600	607	600
Total liabilities	596	597	596
Non-controlling interest - preferred equity	0	0	0
Brookfield Finance LLC II [Member]
Disclosure of subsidiaries [line items]
Revenue		0	0
Net income attributable to shareholders		0	0
Total assets	0	0	0
Total liabilities	0	0	0
Non-controlling interest - preferred equity	0	0	0
Brookfield Finance Australia [Member]
Disclosure of subsidiaries [line items]
Revenue		0	0
Net income attributable to shareholders		0	0
Total assets	0	0	0
Total liabilities	0	0	0
Non-controlling interest - preferred equity	0	0	0
Brookfield Finance I (UK) PLC
Disclosure of subsidiaries [line items]
Revenue	2	9	2
Net income attributable to shareholders	1	5	230
Total assets	233	843	233
Total liabilities	3	603	3
Non-controlling interest - preferred equity	230	230	230
BIC
Disclosure of subsidiaries [line items]
Revenue		121	163
Net income attributable to shareholders		(251)	91
Total assets	4,280	5,433	4,280
Total liabilities	2,690	3,734	2,690
Non-controlling interest - preferred equity	0	0	0
Subsidiaries of the Corporation other than BFI, BFL and BIC
Disclosure of subsidiaries [line items]
Revenue		82,663	70,385
Net income attributable to shareholders		6,100	6,368
Total assets	350,687	400,288	350,687
Total liabilities	206,877	237,100	206,877
Non-controlling interest - preferred equity	0	0	0
Material reconciling items
Disclosure of subsidiaries [line items]
Revenue		(8,718)	(8,732)
Net income attributable to shareholders		(5,846)	(6,533)
Total assets	(93,209)	(109,217)	(93,209)
Total liabilities	(32,719)	(30,597)	(32,719)
Non-controlling interest - preferred equity	$ 0	$ 0	$ 0

EQUITY - Schedule Of Equity (De

EQUITY - Schedule Of Equity (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Disclosure of classes of share capital [line items]
Total Equity	$ 134,741	$ 122,642
Common equity \| Common shares
Disclosure of classes of share capital [line items]
Total Equity	42,210	31,693
Preferred equity \| Preferred shares
Disclosure of classes of share capital [line items]
Total Equity	4,145	4,145
Non-controlling interests
Disclosure of classes of share capital [line items]
Total Equity	88,386	86,804
Non-controlling interests \| Preferred shares
Disclosure of classes of share capital [line items]
Total Equity	5,488	5,889
Non-controlling interests \| Common shares
Disclosure of classes of share capital [line items]
Total Equity	$ 82,898	$ 80,915

EQUITY - Schedule Of Preferred

EQUITY - Schedule Of Preferred Equity (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Disclosure of classes of share capital [line items]
Equity	$ 134,741	$ 122,642
Weighted average \| Preferred shares
Disclosure of classes of share capital [line items]
Average Rate	4.00%	3.91%
Floating rate \| Weighted average \| Preferred shares
Disclosure of classes of share capital [line items]
Average Rate	2.32%	1.76%
Fixed rate \| Weighted average \| Preferred shares
Disclosure of classes of share capital [line items]
Average Rate	4.82%	4.82%
Fixed and floating rate [Member] \| Weighted average \| Preferred shares
Disclosure of classes of share capital [line items]
Average Rate	3.81%	3.54%
Fixed rate-reset preferred shares \| Weighted average \| Preferred shares
Disclosure of classes of share capital [line items]
Average Rate	4.07%	4.07%
Preferred equity \| Preferred shares
Disclosure of classes of share capital [line items]
Equity	$ 4,145	$ 4,145
Preferred equity \| Floating rate \| Preferred shares
Disclosure of classes of share capital [line items]
Equity	505	531
Preferred equity \| Fixed rate \| Preferred shares
Disclosure of classes of share capital [line items]
Equity	739	739
Preferred equity \| Fixed and floating rate [Member] \| Preferred shares
Disclosure of classes of share capital [line items]
Equity	1,244	1,270
Preferred equity \| Fixed rate-reset preferred shares \| Preferred shares
Disclosure of classes of share capital [line items]
Equity	$ 2,901	$ 2,875

EQUITY - Schedule Of Series Of

EQUITY - Schedule Of Series Of Preferred Shares (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Nov. 01, 2021	Dec. 31, 2020
Disclosure of classes of share capital [line items]
Equity	$ 134,741		$ 122,642
Series 2 Class A Preferred Shares \| Floating rate
Disclosure of classes of share capital [line items]
Preferred stock, dividend rate, percentage	70.00%
Series 4 Class A Preferred Shares \| Floating rate
Disclosure of classes of share capital [line items]
Preferred stock, dividend rate, percentage	7000.00%
Series 13 Class A Preferred Shares \| Floating rate
Disclosure of classes of share capital [line items]
Preferred stock, dividend rate, percentage	7000.00%
Series 15 Class A Preferred Shares \| Floating rate
Disclosure of classes of share capital [line items]
Preferred stock, dividend rate, percentage	4000.00%
Series 17 Class A Preferred Shares \| Fixed rate
Disclosure of classes of share capital [line items]
Preferred stock, dividend rate, percentage	4.75%
Series 18 Class A Preferred Shares \| Fixed rate
Disclosure of classes of share capital [line items]
Preferred stock, dividend rate, percentage	4.75%
Series 25 Class A Preferred Shares \| Floating rate
Disclosure of classes of share capital [line items]
Preferred stock, dividend rate, percentage	0.00%
Series 36 Class A Preferred Shares \| Fixed rate
Disclosure of classes of share capital [line items]
Preferred stock, dividend rate, percentage	4.85%
Series 37 Class A Preferred Shares \| Fixed rate
Disclosure of classes of share capital [line items]
Preferred stock, dividend rate, percentage	4.90%
Series 9 Class A Preferred Shares \| Fixed rate-reset preferred shares
Disclosure of classes of share capital [line items]
Preferred stock, dividend rate, percentage	2.75%
Series 24 Class A Preferred Shares \| Fixed rate-reset preferred shares
Disclosure of classes of share capital [line items]
Preferred stock, dividend rate, percentage	3.24%
Series 26 Class A Preferred Shares \| Fixed rate-reset preferred shares
Disclosure of classes of share capital [line items]
Preferred stock, dividend rate, percentage	3.47%
Series 28 Class A Preferred Shares \| Fixed rate-reset preferred shares
Disclosure of classes of share capital [line items]
Preferred stock, dividend rate, percentage	2.73%
Series 30 Class A Preferred Shares \| Fixed rate-reset preferred shares
Disclosure of classes of share capital [line items]
Preferred stock, dividend rate, percentage	4.69%
Series 32 Class A Preferred Shares \| Fixed rate-reset preferred shares
Disclosure of classes of share capital [line items]
Preferred stock, dividend rate, percentage	5.06%
Series 34 Class A Preferred Shares \| Fixed rate-reset preferred shares
Disclosure of classes of share capital [line items]
Preferred stock, dividend rate, percentage	4.44%
Series 38 Class A Preferred Shares \| Fixed rate-reset preferred shares
Disclosure of classes of share capital [line items]
Preferred stock, dividend rate, percentage	3.57%
Series 40 Class A Preferred Shares \| Fixed rate-reset preferred shares
Disclosure of classes of share capital [line items]
Preferred stock, dividend rate, percentage	4.03%
Series 42 Class A Preferred Shares \| Fixed rate-reset preferred shares
Disclosure of classes of share capital [line items]
Preferred stock, dividend rate, percentage	3.25%
Series 44 Class A Preferred Shares \| Fixed rate-reset preferred shares
Disclosure of classes of share capital [line items]
Preferred stock, dividend rate, percentage	5.00%
Series 46 Class A Preferred Shares \| Fixed rate-reset preferred shares
Disclosure of classes of share capital [line items]
Preferred stock, dividend rate, percentage	4.80%
Series 48 Class A Preferred Shares \| Fixed rate-reset preferred shares
Disclosure of classes of share capital [line items]
Preferred stock, dividend rate, percentage	4.75%
Preferred shares \| Fixed rate-reset preferred shares \| Canada Bond Rate
Disclosure of classes of share capital [line items]
Period of government bond rate	5 years
Preferred shares \| Fixed rate-reset preferred shares \| Bottom of range
Disclosure of classes of share capital [line items]
Period of fixed dividend rate	5 years
Preferred shares \| Fixed rate-reset preferred shares \| Bottom of range \| Canada Bond Rate
Disclosure of classes of share capital [line items]
Preferred stock, basis spread on variable rate	18000.00%
Preferred shares \| Fixed rate-reset preferred shares \| Top of range
Disclosure of classes of share capital [line items]
Period of fixed dividend rate	6 years
Preferred shares \| Fixed rate-reset preferred shares \| Top of range \| Canada Bond Rate
Disclosure of classes of share capital [line items]
Preferred stock, basis spread on variable rate	41700.00%
Preferred shares \| Preferred equity
Disclosure of classes of share capital [line items]
Equity	$ 4,145		4,145
Preferred shares \| Preferred equity \| Floating rate
Disclosure of classes of share capital [line items]
Equity	505		531
Preferred shares \| Preferred equity \| Fixed rate
Disclosure of classes of share capital [line items]
Equity	739		739
Preferred shares \| Preferred equity \| Fixed and floating rate [Member]
Disclosure of classes of share capital [line items]
Equity	1,244		1,270
Preferred shares \| Preferred equity \| Fixed rate-reset preferred shares
Disclosure of classes of share capital [line items]
Equity	$ 2,901		$ 2,875
Preferred shares \| Series 2 Class A Preferred Shares \| Floating rate
Disclosure of classes of share capital [line items]
Issued and Outstanding (in shares)	10,457,685		10,457,685
Preferred shares \| Series 2 Class A Preferred Shares \| Preferred equity \| Floating rate
Disclosure of classes of share capital [line items]
Equity	$ 169		$ 169
Preferred shares \| Series 4 Class A Preferred Shares \| Floating rate
Disclosure of classes of share capital [line items]
Issued and Outstanding (in shares)	2,795,910		2,795,910
Preferred shares \| Series 4 Class A Preferred Shares \| Preferred equity \| Floating rate
Disclosure of classes of share capital [line items]
Equity	$ 45		$ 45
Preferred shares \| Series 8 Class A Preferred Shares \| Floating rate
Disclosure of classes of share capital [line items]
Issued and Outstanding (in shares)	3,321,486		2,476,185
Preferred shares \| Series 8 Class A Preferred Shares \| Preferred equity \| Floating rate
Disclosure of classes of share capital [line items]
Equity	$ 54		$ 42
Preferred shares \| Series 13 Class A Preferred Shares \| Floating rate
Disclosure of classes of share capital [line items]
Issued and Outstanding (in shares)	9,290,096		9,290,096
Preferred shares \| Series 13 Class A Preferred Shares \| Preferred equity \| Floating rate
Disclosure of classes of share capital [line items]
Equity	$ 195		$ 195
Preferred shares \| Series 15 Class A Preferred Shares \| Floating rate
Disclosure of classes of share capital [line items]
Issued and Outstanding (in shares)	2,000,000		2,000,000
Preferred shares \| Series 15 Class A Preferred Shares \| Preferred equity \| Floating rate
Disclosure of classes of share capital [line items]
Equity	$ 42		$ 42
Preferred shares \| Series 17 Class A Preferred Shares \| Fixed rate
Disclosure of classes of share capital [line items]
Issued and Outstanding (in shares)	7,840,204		7,840,204
Preferred shares \| Series 17 Class A Preferred Shares \| Preferred equity \| Fixed rate
Disclosure of classes of share capital [line items]
Equity	$ 171		$ 171
Preferred shares \| Series 18 Class A Preferred Shares \| Fixed rate
Disclosure of classes of share capital [line items]
Issued and Outstanding (in shares)	7,866,749		7,866,749
Preferred shares \| Series 18 Class A Preferred Shares \| Preferred equity \| Fixed rate
Disclosure of classes of share capital [line items]
Equity	$ 178		$ 178
Preferred shares \| Series 25 Class A Preferred Shares \| Floating rate
Disclosure of classes of share capital [line items]
Issued and Outstanding (in shares)	0		1,529,133
Preferred shares \| Series 25 Class A Preferred Shares \| Preferred equity \| Floating rate
Disclosure of classes of share capital [line items]
Equity	$ 0		$ 38
Preferred shares \| Series 36 Class A Preferred Shares \| Fixed rate
Disclosure of classes of share capital [line items]
Issued and Outstanding (in shares)	7,842,909		7,842,909
Preferred shares \| Series 36 Class A Preferred Shares \| Preferred equity \| Fixed rate
Disclosure of classes of share capital [line items]
Equity	$ 197		$ 197
Preferred shares \| Series 37 Class A Preferred Shares \| Fixed rate
Disclosure of classes of share capital [line items]
Issued and Outstanding (in shares)	7,830,091		7,830,091
Preferred shares \| Series 37 Class A Preferred Shares \| Preferred equity \| Fixed rate
Disclosure of classes of share capital [line items]
Equity	$ 193		$ 193
Preferred shares \| Series 9 Class A Preferred Shares \| Fixed rate-reset preferred shares
Disclosure of classes of share capital [line items]
Issued and Outstanding (in shares)	670,680		1,515,981
Preferred shares \| Series 9 Class A Preferred Shares \| Preferred equity \| Fixed rate-reset preferred shares
Disclosure of classes of share capital [line items]
Equity	$ 9		$ 21
Preferred shares \| Series 24 Class A Preferred Shares \| Fixed rate-reset preferred shares
Disclosure of classes of share capital [line items]
Issued and Outstanding (in shares)	10,808,027		9,278,894
Preferred shares \| Series 24 Class A Preferred Shares \| Preferred equity \| Fixed rate-reset preferred shares
Disclosure of classes of share capital [line items]
Equity	$ 265		$ 227
Preferred shares \| Series 26 Class A Preferred Shares \| Fixed rate-reset preferred shares
Disclosure of classes of share capital [line items]
Issued and Outstanding (in shares)	9,770,928		9,770,928
Preferred shares \| Series 26 Class A Preferred Shares \| Preferred equity \| Fixed rate-reset preferred shares
Disclosure of classes of share capital [line items]
Equity	$ 240		$ 240
Preferred shares \| Series 28 Class A Preferred Shares \| Fixed rate-reset preferred shares
Disclosure of classes of share capital [line items]
Issued and Outstanding (in shares)	9,233,927		9,233,927
Preferred shares \| Series 28 Class A Preferred Shares \| Preferred equity \| Fixed rate-reset preferred shares
Disclosure of classes of share capital [line items]
Equity	$ 232		$ 232
Preferred shares \| Series 30 Class A Preferred Shares \| Fixed rate-reset preferred shares
Disclosure of classes of share capital [line items]
Issued and Outstanding (in shares)	9,787,090		9,787,090
Preferred shares \| Series 30 Class A Preferred Shares \| Preferred equity \| Fixed rate-reset preferred shares
Disclosure of classes of share capital [line items]
Equity	$ 241		$ 241
Preferred shares \| Series 32 Class A Preferred Shares \| Fixed rate-reset preferred shares
Disclosure of classes of share capital [line items]
Issued and Outstanding (in shares)	11,750,299		11,750,299
Preferred shares \| Series 32 Class A Preferred Shares \| Preferred equity \| Fixed rate-reset preferred shares
Disclosure of classes of share capital [line items]
Equity	$ 297		$ 297
Preferred shares \| Series 34 Class A Preferred Shares \| Fixed rate-reset preferred shares
Disclosure of classes of share capital [line items]
Issued and Outstanding (in shares)	9,876,735		9,876,735
Preferred shares \| Series 34 Class A Preferred Shares \| Preferred equity \| Fixed rate-reset preferred shares
Disclosure of classes of share capital [line items]
Equity	$ 253		$ 253
Preferred shares \| Series 38 Class A Preferred Shares \| Fixed rate-reset preferred shares
Disclosure of classes of share capital [line items]
Issued and Outstanding (in shares)	7,906,132		7,906,132
Preferred shares \| Series 38 Class A Preferred Shares \| Preferred equity \| Fixed rate-reset preferred shares
Disclosure of classes of share capital [line items]
Equity	$ 179		$ 179
Preferred shares \| Series 40 Class A Preferred Shares \| Fixed rate-reset preferred shares
Disclosure of classes of share capital [line items]
Issued and Outstanding (in shares)	11,841,025		11,841,025
Preferred shares \| Series 40 Class A Preferred Shares \| Preferred equity \| Fixed rate-reset preferred shares
Disclosure of classes of share capital [line items]
Equity	$ 271		$ 271
Preferred shares \| Series 42 Class A Preferred Shares \| Fixed rate-reset preferred shares
Disclosure of classes of share capital [line items]
Issued and Outstanding (in shares)	11,887,500		11,887,500
Preferred shares \| Series 42 Class A Preferred Shares \| Preferred equity \| Fixed rate-reset preferred shares
Disclosure of classes of share capital [line items]
Equity	$ 266		$ 266
Preferred shares \| Series 44 Class A Preferred Shares \| Fixed rate-reset preferred shares
Disclosure of classes of share capital [line items]
Issued and Outstanding (in shares)	9,831,929		9,831,929
Preferred shares \| Series 44 Class A Preferred Shares \| Preferred equity \| Fixed rate-reset preferred shares
Disclosure of classes of share capital [line items]
Equity	$ 187		$ 187
Preferred shares \| Series 46 Class A Preferred Shares \| Fixed rate-reset preferred shares
Disclosure of classes of share capital [line items]
Issued and Outstanding (in shares)	11,740,797		11,740,797
Preferred shares \| Series 46 Class A Preferred Shares \| Preferred equity \| Fixed rate-reset preferred shares
Disclosure of classes of share capital [line items]
Equity	$ 217		$ 217
Preferred shares \| Series 48 Class A Preferred Shares \| Fixed rate-reset preferred shares
Disclosure of classes of share capital [line items]
Issued and Outstanding (in shares)	11,885,972		11,885,972
Preferred shares \| Series 48 Class A Preferred Shares \| Preferred equity \| Fixed rate-reset preferred shares
Disclosure of classes of share capital [line items]
Equity	$ 244		$ 244
Series 8 Class A Preferred Shares
Disclosure of classes of share capital [line items]
Number of shares outstanding, converted		853,503
Series 9 Class A Preferred Shares
Disclosure of classes of share capital [line items]
Number of shares outstanding, converted		8,202

EQUITY - Narrative (Details)

EQUITY - Narrative (Details)	12 Months Ended
EQUITY - Narrative (Details)	Dec. 31, 2021USD ($)shares$ / shares	Dec. 31, 2020USD ($)shares$ / shares	Dec. 31, 2021$ / shares	Dec. 31, 2021USD ($)shares
Disclosure of classes of share capital [line items]
Dividends paid, ordinary shares per share \| $ / shares	$ 0.52	$ 0.48
Expense incurred with respect to MSOP	$ 25,000,000	$ 24,000,000
Expense from share-based payment transactions with employees	$ 121,000,000	94,000,000
Management Share Option Plan \| Equity-Settled Share-Based Payment Arrangement
Disclosure of classes of share capital [line items]
Weighted-average fair value of a unit		5.54		$ 6.97
Escrowed Stock Plan \| Equity-Settled Share-Based Payment Arrangement
Disclosure of classes of share capital [line items]
Weighted-average fair value of a unit		5.54		6.99
Deferred Stock Units and Restricted Stock Units \| Employees and Directors \| Cash-Settled Share-Based Payment Arrangement
Disclosure of classes of share capital [line items]
Share based awards, vesting period	5 years
Expense from share-based payment transactions with employees	$ 11,000,000	5,000,000
Share Options Vested In Share-Based Payment Arrangement	$ 1,900,000,000	$ 1,300,000,000
Reinsurance
Disclosure of classes of share capital [line items]
Special Dividends				$ 538,000,000
Common Class A \| Management Share Option Plan \| Executives [Member] \| Top of range \| Equity-Settled Share-Based Payment Arrangement
Disclosure of classes of share capital [line items]
Share based awards, vesting period	5 years
Share-Based Compensation Arrangement By Share-Based Payment Award, Expiration Period1	10 years
Common Class A \| Escrowed Stock Plan \| Executives [Member] \| Equity-Settled Share-Based Payment Arrangement
Disclosure of classes of share capital [line items]
Number of shares purchased (in shares) \| shares	5,300,000	3,800,000
Expense from share-based payment transactions with employees	$ 41,000,000	$ 35,000,000
Common Class A \| Escrowed Stock Plan \| Executives [Member] \| Top of range \| Equity-Settled Share-Based Payment Arrangement
Disclosure of classes of share capital [line items]
Share based awards, vesting period	5 years
Share-Based Compensation Arrangement By Share-Based Payment Award, Expiration Period1	10 years
Common Class A \| Restricted Stock \| Executives [Member] \| Equity-Settled Share-Based Payment Arrangement
Disclosure of classes of share capital [line items]
Share based awards, vesting period	5 years
Expense from share-based payment transactions with employees	$ 43,000,000	$ 30,000,000
Share based awards, hold period	5 years
Number of instruments granted in share-based payment arrangement \| shares	3,100,000	1,000,000
Number of instruments granted in share-based payment arrangement, converted \| shares	1,500,000
Preferred shares
Disclosure of classes of share capital [line items]
Par value per share (in cad per share) \| $ / shares			$ 25
Common shares \| Common Class B
Disclosure of classes of share capital [line items]
Number of shares authorised (in shares) \| shares				85,120
Common shares \| Common Class A \| Brookfield Property Partners L.P. [Member]
Disclosure of classes of share capital [line items]
Number of shares issued \| shares				60,900,000

EQUITY - Schedule Of Non-Contro

EQUITY - Schedule Of Non-Controlling Interests (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Disclosure of classes of share capital [line items]
Equity	$ 134,741	$ 122,642
Non-controlling interests
Disclosure of classes of share capital [line items]
Equity	88,386	86,804
Non-controlling interests \| Common shares
Disclosure of classes of share capital [line items]
Equity	82,898	80,915
Non-controlling interests \| Preferred shares
Disclosure of classes of share capital [line items]
Equity	$ 5,488	$ 5,889

EQUITY - Schedule Of Common Equ

EQUITY - Schedule Of Common Equity (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Disclosure of classes of share capital [line items]
Equity	$ 134,741	$ 122,642
Common shares \| Common shares
Disclosure of classes of share capital [line items]
Equity	10,538	7,368
Common shares \| Contributed surplus
Disclosure of classes of share capital [line items]
Equity	320	285
Common shares \| Retained earnings
Disclosure of classes of share capital [line items]
Equity	17,705	15,178
Common shares \| Ownership changes
Disclosure of classes of share capital [line items]
Equity	6,243	2,691
Common shares \| Accumulated other comprehensive income
Disclosure of classes of share capital [line items]
Equity	7,404	6,171
Common shares \| Common equity
Disclosure of classes of share capital [line items]
Equity	$ 42,210	$ 31,693

EQUITY - Schedule Of Number Of

EQUITY - Schedule Of Number Of Issued And Outstanding Common Shares And Unexercised Options (Details) - shares	Dec. 31, 2021	Sep. 30, 2021	Dec. 31, 2020	Sep. 30, 2020	Dec. 31, 2019
Disclosure of classes of share capital [line items]
Number of Common Shares Held by the Company	69,663,192	64,197,815	64,197,815	63,417,346
Common shares
Disclosure of classes of share capital [line items]
Issued and Outstanding (in shares)	1,568,828,941		1,510,720,411		1,509,293,641
Unexercised options and other share-based plans (in shares)	82,825,207		62,975,947
Total diluted shares (in shares)	1,651,654,148		1,573,696,358
Class A shares \| Common shares
Disclosure of classes of share capital [line items]
Issued and Outstanding (in shares)	1,568,743,821		1,510,635,291
Common Class B \| Common shares
Disclosure of classes of share capital [line items]
Issued and Outstanding (in shares)	85,120		85,120

EQUITY - Schedule Of Authorized

EQUITY - Schedule Of Authorized Share Capital (Details) - shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Sep. 30, 2021	Sep. 30, 2020
Issued (Repurchased)
Number of Common Shares Held by the Company	69,663,192	64,197,815	64,197,815	63,417,346
Common shares
Disclosure of classes of share capital [line items]
Beginning balance (in shares)	1,510,720,411	1,509,293,641
Issued (Repurchased)
Share issuance	61,276,716	0
Repurchases (in shares)	(9,662,117)	(8,932,576)
Long-term share ownership plans (in shares)	6,369,972	10,137,294
Dividend reinvestment plan and others (in shares)	123,959	222,052
Ending balance (in shares)	1,568,828,941	1,510,720,411

EQUITY - Schedule Of Basic And

EQUITY - Schedule Of Basic And Diluted Earnings Per Share (Details) - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Equity [abstract]
Net income (loss)	$ 3,966	$ (134)
Dilutive effect of conversion of subsidiary preferred shares	(148)	(141)
Dilutive effect of mandatorily redeemable preferred shares issued in a consolidated subsidiary	(26)	93
Profit (loss), attributable to ordinary equity holders of parent entity	$ 3,792	$ (182)
Weighted average - common shares	1,536.5	1,511.4
Dilutive effect of the conversion of options and escrowed shares using the treasury stock method	50.4	0
Common shares and common share equivalents	1,586.9	1,511.4
Profit (loss), attributable to ordinary equity holders of parent entity, used in calculating diluted earnings per share	$ 3,794	$ (182)
Dilutive effect of exchangeable shares issued in a consolidated subsidiary	$ 2	$ 0

EQUITY - Schedule Of Expense Re

EQUITY - Schedule Of Expense Recognized For Share-Based Compensation (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Equity [abstract]
Expense arising from equity-settled share-based payment transactions	$ 110	$ 89
Expense arising from cash-settled share-based payment transactions	681	104
Total expense arising from share-based payment transactions	791	193
Effect of hedging program	(670)	(99)
Expense from share-based payment transactions with employees	$ 121	$ 94

EQUITY - Schedule Of Options (D

EQUITY - Schedule Of Options (Details) - Equity-Settled Share-Based Payment Arrangement $ / shares in Units, shares in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)shares$ / shares	Dec. 31, 2020USD ($)shares$ / shares	Dec. 31, 2019shares$ / shares
Management Share Option Plan
Disclosure of terms and conditions of share-based payment arrangement [line items]
Weighted average share price, share options granted \| $ / shares	$ 43.43	$ 45.21
Management Share Option Plan \| NYSE Common Class A Shares
Disclosure of terms and conditions of share-based payment arrangement [line items]
Number of share options outstanding in share-based payment arrangement \| shares	43,794,000	47,367,000	50,703,000
Weighted average exercise price of share options outstanding in share-based payment arrangement \| $ / shares	$ 27.58	$ 25.08	$ 22.69
Number of share options granted in share-based payment arrangement \| shares	4,185,000	3,341,000
Weighted average exercise price of share options granted in share-based payment arrangement \| $ / shares	$ 43.43	$ 45.21
Exercised (in shares) \| shares	(7,388,000)	(6,382,000)
Weighted average exercise price of share options exercised in share-based payment arrangement \| $ / shares	$ 20.15	$ 16.50
Number Of Share Options Cancelled In Share-Based Payment Arrangement \| shares	(370,000)	(295,000)
Weighted average exercise price of share options exercised (in dollars per share) \| $	$ 34.49	$ 27.80
Escrowed Stock Plan
Disclosure of terms and conditions of share-based payment arrangement [line items]
Number of share options outstanding in share-based payment arrangement \| shares	50,378,000	46,716,000	54,791,000
Weighted average exercise price of share options outstanding in share-based payment arrangement \| $ / shares	$ 30.70	$ 28.88	$ 25.82
Number of share options granted in share-based payment arrangement \| shares	5,300,000	3,841,000
Exercised (in shares) \| shares	(1,621,000)	(11,613,000)
Weighted average exercise price of share options exercised in share-based payment arrangement \| $ / shares	$ 20.01	$ 19.66
Number Of Share Options Cancelled In Share-Based Payment Arrangement \| shares	(17,000)	(303,000)
Weighted average share price, share options granted \| $ / shares	$ 43.53	$ 45.21
Weighted average exercise price of share options expired in share-based payment arrangement \| $ / shares	$ 44.35	$ 35.85

EQUITY - Schedule Using Black-S

EQUITY - Schedule Using Black-Scholes Module (Details) - Equity-Settled Share-Based Payment Arrangement	12 Months Ended
	Dec. 31, 2021yr$ / shares	Dec. 31, 2020yr$ / shares
Management Share Option Plan
Disclosure of terms and conditions of share-based payment arrangement [line items]
Weighted average share price, share options granted \| $ / shares	$ 43.43	$ 45.21
Average term to exercise \| yr	7.5	7.5
Expected volatility, share options granted	24.40%	17.00%
Liquidity Discount	25.00%	25.00%
Expected dividend as percentage, share options granted	1.70%	1.50%
Risk free interest rate, share options granted	1.00%	1.40%
Escrowed Stock Plan
Disclosure of terms and conditions of share-based payment arrangement [line items]
Weighted average share price, share options granted \| $ / shares	$ 43.53	$ 45.21
Average term to exercise \| yr	7.5	7.5
Expected volatility, share options granted	24.40%	17.00%
Liquidity Discount	25.00%	25.00%
Expected dividend as percentage, share options granted	1.60%	1.50%
Risk free interest rate, share options granted	1.00%	1.40%

EQUITY - Schedule Of Options to

EQUITY - Schedule Of Options to Purchase Class A Shares (Details) - $ / shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Management Share Option Plan \| Common Class A \| Equity-Settled Share-Based Payment Arrangement
Disclosure of classes of share capital [line items]
Vested (in shares)	29,069,000	30,227,000,000
Unvested (in shares)	14,725,000	17,140,000,000
Number of share options outstanding in share-based payment arrangement	43,794,000	47,367,000,000
US$10.30 - US$15.35 [Member]
Disclosure of classes of share capital [line items]
Weighted average remaining contractual life of outstanding share options	2 months 12 days	1 year
C$11.77 \| Management Share Option Plan \| Common Class A \| Equity-Settled Share-Based Payment Arrangement
Disclosure of classes of share capital [line items]
Vested (in shares)	629,000	2,254,000,000
Unvested (in shares)	0	0
Number of share options outstanding in share-based payment arrangement	629,000	2,254,000,000
US$16.81 - US$20.39 [Member]
Disclosure of classes of share capital [line items]
Weighted average remaining contractual life of outstanding share options	2 years 9 months 18 days
Range two \| Management Share Option Plan \| Common Class A \| Equity-Settled Share-Based Payment Arrangement
Disclosure of classes of share capital [line items]
Vested (in shares)	10,238,000	11,860,000,000
Unvested (in shares)	0	1,131,000,000
Number of share options outstanding in share-based payment arrangement	10,238,000	12,991,000,000
US$22.50 - US$26.93 [Member]
Disclosure of classes of share capital [line items]
Weighted average remaining contractual life of outstanding share options	5 years	5 years 10 months 24 days
Range three \| Management Share Option Plan \| Common Class A \| Equity-Settled Share-Based Payment Arrangement
Disclosure of classes of share capital [line items]
Vested (in shares)	14,473,000	14,280,000,000
Unvested (in shares)	3,856,000	7,010,000,000
Number of share options outstanding in share-based payment arrangement	18,329,000	21,290,000,000
US$29.48 - US$38.64 [Member]
Disclosure of classes of share capital [line items]
Weighted average remaining contractual life of outstanding share options	7 years 2 months 12 days	8 years 2 months 12 days
Exercise Price Range Four [Member] \| Management Share Option Plan \| Common Class A \| Equity-Settled Share-Based Payment Arrangement
Disclosure of classes of share capital [line items]
Vested (in shares)	3,083,000	1,833,000,000
Unvested (in shares)	4,173,000	5,672,000,000
Number of share options outstanding in share-based payment arrangement	7,256,000	7,505,000,000
US$43.43 - US$45.21 [Member]
Disclosure of classes of share capital [line items]
Weighted average remaining contractual life of outstanding share options	8 years 8 months 12 days
Exercise Price Range Five [Member] \| Management Share Option Plan \| Common Class A \| Equity-Settled Share-Based Payment Arrangement
Disclosure of classes of share capital [line items]
Vested (in shares)	646,000	0
Unvested (in shares)	6,696,000	3,327,000,000
Number of share options outstanding in share-based payment arrangement	7,342,000	3,327,000,000
US$15.58 - US$20.39 [Member]
Disclosure of classes of share capital [line items]
Weighted average remaining contractual life of outstanding share options		3 years 9 months 18 days
US$45.21 [Member]
Disclosure of classes of share capital [line items]
Exercise price of outstanding share options		$ 45.21
Weighted average remaining contractual life of outstanding share options		9 years 2 months 12 days
Bottom of range \| US$10.30 - US$15.35 [Member]
Disclosure of classes of share capital [line items]
Exercise price of outstanding share options	$ 10.30	$ 10.30
Bottom of range \| US$16.81 - US$20.39 [Member]
Disclosure of classes of share capital [line items]
Exercise price of outstanding share options	16.81
Bottom of range \| US$22.50 - US$26.93 [Member]
Disclosure of classes of share capital [line items]
Exercise price of outstanding share options	22.50	22.50
Bottom of range \| US$29.48 - US$38.64 [Member]
Disclosure of classes of share capital [line items]
Exercise price of outstanding share options	29.48	29.48
Bottom of range \| US$43.43 - US$45.21 [Member]
Disclosure of classes of share capital [line items]
Exercise price of outstanding share options	43.43
Bottom of range \| US$15.58 - US$20.39 [Member]
Disclosure of classes of share capital [line items]
Exercise price of outstanding share options		15.58
Top of range \| US$10.30 - US$15.35 [Member]
Disclosure of classes of share capital [line items]
Exercise price of outstanding share options	15.35	15.35
Top of range \| US$16.81 - US$20.39 [Member]
Disclosure of classes of share capital [line items]
Exercise price of outstanding share options	20.39
Top of range \| US$22.50 - US$26.93 [Member]
Disclosure of classes of share capital [line items]
Exercise price of outstanding share options	26.93	26.93
Top of range \| US$29.48 - US$38.64 [Member]
Disclosure of classes of share capital [line items]
Exercise price of outstanding share options	38.64	38.64
Top of range \| US$43.43 - US$45.21 [Member]
Disclosure of classes of share capital [line items]
Exercise price of outstanding share options	$ 45.21
Top of range \| US$15.58 - US$20.39 [Member]
Disclosure of classes of share capital [line items]
Exercise price of outstanding share options		$ 20.39

EQUITY - Changes in Number of D

EQUITY - Changes in Number of DSUs and RSUS (Details) - Cash-Settled Share-Based Payment Arrangement $ / shares in Units, shares in Thousands	12 Months Ended
	Dec. 31, 2021CAD ($)shares$ / shares	Dec. 31, 2020CAD ($)shares$ / shares	Dec. 31, 2019shares$ / shares
Deferred Stock Unit
Disclosure of classes of share capital [line items]
Number of share options outstanding in share-based payment arrangement	18,286	18,721	21,204
Granted and reinvested (in shares)	1,929	623
Number Of Share Options Exercised And Cancelled In Share-Based Payment Arrangement	(2,364)	(3,106)
Restricted Stock
Disclosure of classes of share capital [line items]
Number of share options outstanding in share-based payment arrangement	13,679	13,679	15,810
Weighted average exercise price of share options outstanding in share-based payment arrangement \| $ / shares	$ 6.10	$ 6.10	$ 6.14
Granted and reinvested (in shares)	0	0
Weighted Average Exercise Price Of Share Options Granted And Reinvested (in dollars per share) \| $	$ 0	$ 0
Number Of Share Options Exercised And Cancelled In Share-Based Payment Arrangement	0	(2,131)
Weighted Average Exercise Price Of Share Options Exercised And Cancelled (in dollars per share) \| $	$ 0	$ 6.35
Weighted average share price for share options in share-based payment arrangement exercised during period at date of exercise \| $ / shares		$ 6.10

EQUITY - Fair Value of DSUs and

EQUITY - Fair Value of DSUs and RSUs (Details) - Cash-Settled Share-Based Payment Arrangement	Dec. 31, 2021USD ($)	Dec. 31, 2021CAD ($)	Dec. 31, 2020USD ($)	Dec. 31, 2020CAD ($)
Deferred Stock Unit
Disclosure of classes of share capital [line items]
Share Price on Date of Remeasurement in Canadian Dollars Per Share		$ 76.39		$ 52.62
Share Price on Date of Remeasurement in US Dollars per Share	$ 60.38		$ 41.27
Restricted Stock
Disclosure of classes of share capital [line items]
Share Price on Date of Remeasurement in Canadian Dollars Per Share		76.39		52.62
Weighted-average fair value of a unit		$ 70.29		$ 46.52

REVENUES - BY TYPE (Details)

REVENUES - BY TYPE (Details) - USD ($) $ in Millions	12 Months Ended
REVENUES - BY TYPE (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	$ 65,831	$ 52,786
Other revenue	9,900	9,966
Revenue	75,731	62,752
Asset management
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	306	246
Other revenue	0	0
Revenue	306	246
Corporate Activities
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	0	0
Other revenue	169	872
Revenue	169	872
Renewable Power
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	4,041	3,757
Other revenue	539	328
Revenue	4,580	4,085
Infrastructure
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	11,204	8,611
Other revenue	737	683
Revenue	11,941	9,294
Private Equity
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	44,558	35,599
Other revenue	1,694	1,562
Revenue	46,252	37,161
Real Estate
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	3,259	2,403
Other revenue	6,664	6,448
Revenue	9,923	8,851
Residential
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	2,463	2,170
Other revenue	97	73
Residential Development
Disaggregation of Revenue [Line Items]
Revenue	$ 2,560	$ 2,243

REVENUES - BY TIMING OF RECOGNI

REVENUES - BY TIMING OF RECOGNITION OF REVENUE FROM CONTRACTS WITH CUSTOMERS (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue from contracts with customers	$ 65,831	$ 52,786
Goods or services transferred at point in time [member]
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue from contracts with customers	41,037	31,967
Goods or services transferred over time [member]
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue from contracts with customers	24,794	20,819
Asset management
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue from contracts with customers	306	246
Asset management \| Goods or services transferred at point in time [member]
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue from contracts with customers	0	0
Asset management \| Goods or services transferred over time [member]
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue from contracts with customers	306	246
Real Estate
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue from contracts with customers	3,259	2,403
Real Estate \| Goods or services transferred at point in time [member]
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue from contracts with customers	637	553
Real Estate \| Goods or services transferred over time [member]
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue from contracts with customers	2,622	1,850
Renewable Power
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue from contracts with customers	4,041	3,757
Renewable Power \| Goods or services transferred at point in time [member]
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue from contracts with customers	137	143
Renewable Power \| Goods or services transferred over time [member]
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue from contracts with customers	3,904	3,614
Infrastructure
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue from contracts with customers	11,204	8,611
Infrastructure \| Goods or services transferred at point in time [member]
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue from contracts with customers	137	160
Infrastructure \| Goods or services transferred over time [member]
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue from contracts with customers	11,067	8,451
Private Equity
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue from contracts with customers	44,558	35,599
Private Equity \| Goods or services transferred at point in time [member]
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue from contracts with customers	37,676	28,944
Private Equity \| Goods or services transferred over time [member]
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue from contracts with customers	6,882	6,655
Residential
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue from contracts with customers	2,463	2,170
Residential \| Goods or services transferred at point in time [member]
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue from contracts with customers	2,450	2,167
Residential \| Goods or services transferred over time [member]
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue from contracts with customers	13	3
Corporate Activities
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue from contracts with customers	0	0
Corporate Activities \| Goods or services transferred at point in time [member]
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue from contracts with customers	0	0
Corporate Activities \| Goods or services transferred over time [member]
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue from contracts with customers	$ 0	$ 0

REVENUES - Narrative (Details)

REVENUES - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
REVENUES - Narrative (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Disclosure of disaggregation of revenue from contracts with customers [line items]
Operating lease income	$ 6,700	$ 6,700
Income relating to variable lease payments for operating leases that do not depend on index or rate	147	75
Construction Services [Member] \| Private Equity
Disclosure of disaggregation of revenue from contracts with customers [line items]
Transaction price allocated to remaining performance obligations	$ 7,500	$ 5,600
Brazilian water and wastewater services [Member] \| Private Equity \| Service concession arrangements [member]
Disclosure of disaggregation of revenue from contracts with customers [line items]
Explanation of when entity expects to recognise transaction price allocated to remaining performance obligations as revenue	24 years	24 years

REVENUES Revenue - Lease Paymen

REVENUES Revenue - Lease Payment Receivable (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Disclosure of maturity analysis of finance lease payments receivable [line items]
Undiscounted finance lease payments to be received	$ 33,850	$ 35,755
Less than 1 year
Disclosure of maturity analysis of finance lease payments receivable [line items]
Undiscounted finance lease payments to be received	5,072	4,738
1 to 3 Years
Disclosure of maturity analysis of finance lease payments receivable [line items]
Undiscounted finance lease payments to be received	8,090	8,385
Later than four years and not later than five years [member]
Disclosure of maturity analysis of finance lease payments receivable [line items]
Undiscounted finance lease payments to be received	6,333	6,661
Thereafter
Disclosure of maturity analysis of finance lease payments receivable [line items]
Undiscounted finance lease payments to be received	$ 14,355	$ 15,971

FAIR VALUE CHANGES (Details)

FAIR VALUE CHANGES (Details) - USD ($) $ in Millions	12 Months Ended
FAIR VALUE CHANGES (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Disclosure of fair value measurement of assets [line items]
Fair value changes in net income	$ 5,151	$ 1,423
Investment property [member]
Disclosure of fair value measurement of assets [line items]
Fair value changes in net income	5,073	(269)
Transaction related gains, net of deal costs
Disclosure of fair value measurement of assets [line items]
Fair value changes in net income	714	20
Financial contracts
Disclosure of fair value measurement of assets [line items]
Fair value changes in net income	984	686
Impairment and provisions
Disclosure of fair value measurement of assets [line items]
Fair value changes in net income	(654)	(808)
Other fair value changes
Disclosure of fair value measurement of assets [line items]
Fair value changes in net income	$ (966)	$ (1,052)