Brookfield Asset Management (BAM) 40-F24 Mar 232022 FY Annual report (Canada)Financial data

Company Profile

Cover

Cover	12 Months Ended
Cover	Dec. 31, 2022
Document Information [Line Items]
Document Type	40-F
Document Registration Statement	false
Document Annual Report	true
Document Period End Date	Dec. 31, 2022
Current Fiscal Year End Date	--12-31
Entity File Number	001-15160
Entity Incorporation, State or Country Code	A6
Entity Primary SIC Number	6282
Entity Address, Address Line One	Suite 100
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
Entity Registrant Name	BROOKFIELD CORPORATION
Entity Central Index Key	0001001085
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY
Amendment Flag	false
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	BNH
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	BNJ
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	BN / 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	BN
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
Contact Personnel Name	Torys LLP
City Area Code	212
Local Phone Number	880-6000

Audit Information

Audit Information	12 Months Ended
Audit Information	Dec. 31, 2022
Audit Information [Abstract]
Auditor Name	Deloitte LLP
Auditor Location	Toronto, Canada
Auditor Firm ID	1208

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Assets
Cash and cash equivalents	$ 14,396	$ 12,694
Other financial assets	26,899	16,546
Accounts receivable and other	27,378	21,760
Inventory	12,843	11,415
Assets classified as held for sale	2,830	11,958
Equity accounted investments	47,094	46,100
Investment properties	115,100	100,865
Property, plant and equipment	124,268	115,489
Intangible assets	38,411	30,609
Goodwill	28,662	20,227
Deferred income tax assets	3,403	3,340
Total assets	441,284	391,003
Liabilities and Equity
Corporate Borrowings	11,390	10,875
Accounts payable and other	57,065	52,546
Liabilities associated with assets classified as held for sale	876	3,148
Non-recourse borrowings of managed entities	202,684	165,057
Deferred income tax liabilities	23,190	20,328
Subsidiary equity obligations	4,188	4,308
Equity [abstract]
Equity	141,891	134,741
Total liabilities and equity	441,284	391,003
Non-controlling interests
Equity [abstract]
Equity	98,138	88,386
Preferred shares \| Preferred equity
Equity [abstract]
Equity	4,145	4,145
Preferred shares \| Non-controlling interests
Equity [abstract]
Equity	5,147	5,488
Common shares \| Non-controlling interests
Equity [abstract]
Equity	92,991	82,898
Common shares \| Common equity
Equity [abstract]
Equity	$ 39,608	$ 42,210

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Profit or loss [abstract]
Revenue	$ 92,769	$ 75,731
Direct costs	(78,511)	(64,000)
Other income and gains	1,594	3,099
Equity accounted income	2,613	2,451
Expenses
Interest	(10,702)	(7,604)
Corporate costs	(122)	(116)
Fair value changes	(977)	5,151
Tax expense (income)	(1,469)	(2,324)
Net income	5,195	12,388
Net income attributable to:
Shareholders	2,056	3,966
Non-controlling interests	3,139	8,422
Net income	$ 5,195	$ 12,388
Net income per share:
Diluted	$ 1.19	$ 2.39
Basic	$ 1.22	$ 2.47

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Statement of comprehensive income [abstract]
Net income	$ 5,195	$ 12,388
Items that may be reclassified to net income
Financial contracts and power sale agreements	1,917	517
Marketable securities	(773)	214
Equity accounted investments	(508)	43
Foreign currency translation	(1,932)	(1,910)
Income taxes	(310)	(64)
Other comprehensive income that may be reclassified to net income	(1,606)	(1,200)
Items that will not be reclassified to net income
Revaluation of property, plant and equipment	5,387	6,135
Revaluation of pension obligations	308	545
Equity accounted investments	360	893
Marketable securities	(207)	568
Income taxes	(1,213)	(1,707)
Other comprehensive income that will not be reclassified to net income	4,635	6,434
Other comprehensive income	3,029	5,234
Comprehensive income	8,224	17,622
Attributable to:
Net income attributable to shareholders	2,056	3,966
Other comprehensive (loss) income	(263)
Comprehensive income	1,793	5,810
Net income	3,139	8,422
Other comprehensive income	3,292
Comprehensive income	$ 6,431	$ 11,812

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($) $ in Millions		Total	Non-controlling interests	Common shares Common Share Capital	Common shares Contributed Surplus	Common shares Retained Earnings	Common shares Ownership Changes1	Common shares Revaluation Surplus	Common shares Currency Translation	Common shares Other Reserves2	Common shares Common equity	Common shares Non-controlling interests	Preferred shares Preferred equity	Preferred shares Non-controlling interests
Beginning 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
Changes in period:
Net income attributable to shareholders		3,966				3,966					3,966
Non-controlling interests		8,422	8,422
Net income		12,388
Other comprehensive (loss) income								1,502	(318)	660	1,844
Other comprehensive income			3,390
Other comprehensive income		5,234
Comprehensive income, attributable to owners of parent		5,810						1,502	(318)	660	5,810
Comprehensive income, attributable to non-controlling interests		11,812	11,812
Comprehensive income		17,622
Shareholder distributions
Common equity		(1,338)				(1,338)					(1,338)
Preferred equity		(148)				(148)					(148)
Non-controlling interests		(8,163)	(8,163)
Other items
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 (Previously stated) at Dec. 31, 2021		134,741	88,386					8,281	(2,287)	1,410	42,210		4,145
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
Changes in period:
Net income attributable to shareholders		2,056				2,056					2,056
Non-controlling interests		3,139	3,139
Net income		5,195
Other comprehensive (loss) income		(263)						884	(542)	(605)	(263)
Other comprehensive income		3,292	3,292
Other comprehensive income		3,029
Comprehensive income, attributable to owners of parent		1,793						884	(542)	(605)	1,793
Comprehensive income, attributable to non-controlling interests		6,431	6,431
Comprehensive income		8,224
Shareholder distributions
Common equity		(879)				(879)					(879)
Preferred equity		(150)				(150)					(150)
Non-controlling interests		(11,102)
Other items
Issue of equity		10,221	10,786	363	(287)	(641)					(565)		0
Share-based compensation		(42)	0		115	(157)					(42)
Ownership changes	[1]	878	3,637			72	(3,284)	357	3	93	(2,759)
Total change in period		7,150	9,752	363	(172)	301	(3,284)	1,241	(539)	(512)	(2,602)		0
Ending balance at Dec. 31, 2022		141,891	$ 98,138	$ 10,901	$ 148	$ 18,006	$ 2,959	$ 9,522	$ (2,826)	$ 898	$ 39,608	$ 92,991	$ 4,145	$ 5,147
Other items
Non-cash distribution		$ (2,400)
Proportion of ownership interest in subsidiary		25%

[1]Includes a non-cash distribution of $2.4 billion made on December 9, 2022 relating to the special distribution of a 25% interest in our asset management business.

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Operating activities
Net income	$ 5,195	$ 12,388
Other income and gains	(1,594)	(3,099)
Share of undistributed equity accounted earnings	(355)	(693)
Fair value changes	977	(5,151)
Depreciation and amortization	7,683	6,437
Deferred income taxes	191	1,210
Investments in residential inventory	(119)	(34)
Net change in non-cash working capital balances	(3,227)	(3,184)
Cash flows from (used in) operating activities	8,751	7,874
Financing activities
Corporate borrowings arranged	1,567	1,350
Corporate borrowings repaid	0	(526)
Commercial paper and borrowings, net	(912)	912
Non-recourse borrowings arranged	89,459	80,376
Non-recourse borrowings repaid	(61,067)	(61,923)
Non-recourse credit facilities, net	6,869	6,222
Subsidiary equity obligations issued	75	450
Subsidiary equity obligations redeemed	(563)	(1,314)
Deposits From Related Party	1,563	806
Deposit From Related Parties Repaid	(35)	(1,155)
Capital provided from non-controlling interests	15,263	14,190
Capital repaid to non-controlling interests	(4,477)	(11,722)
Repayment of lease liabilities	(773)	(1,411)
Settlement of deferred consideration	(1,706)
Distributions to non-controlling interests	(11,102)	(8,163)
Distributions to shareholders	(1,029)	(1,486)
Cash flows from (used in) financing activities	32,460	16,261
Acquisitions
Investment properties	(9,664)	(11,286)
Property, plant and equipment	(7,236)	(6,881)
Equity accounted investments	(5,142)	(3,708)
Financial assets and other	(67,974)	(35,058)
Acquisition of subsidiaries	(26,306)	(14,559)
Dispositions
Investment properties	3,874	6,219
Property, plant and equipment	595	723
Equity accounted investments	1,645	1,711
Financial assets and other	63,953	35,622
Disposition of subsidiaries	6,325	5,952
Restricted cash and deposits	280	220
Cash flows from (used in) investing activities	(39,650)	(21,045)
Cash and cash equivalents
Change in cash and cash equivalents	1,561	3,090
Foreign exchange revaluation	(17)	(122)
Balance, beginning of year	12,694	9,933
Balance, end of year	14,396	12,694
Supplemental Cash Flow Information [Abstract]
Net change in cash classified within assets held for sale	158	(207)
Incomes Taxes Paid Classified As Supplemental Cash Flow Disclosure	1,079	1,116
Interest Paid Classified As Supplemental Cash Flow Disclosure	9,009	7,001
Common shares
Financing activities
Common shares issued	14	23
Common shares repurchased	$ (686)	$ (368)

ORGANIZATION AND CAPITAL MANAGE

ORGANIZATION AND CAPITAL MANAGEMENT	12 Months Ended
ORGANIZATION AND CAPITAL MANAGEMENT	Dec. 31, 2022
Management Commentary Explanatory [Abstract]
ORGANIZATION AND CAPITAL MANAGEMENT	ORGANIZATION AND CAPITAL MANAGEMENT Brookfield Corporation (the “Corporation”, formerly known as Brookfield Asset Management Inc.) is focused on deploying its capital on a value basis and compounding it over the long term. Employing a disciplined investment approach, we leverage our deep expertise as an owner and operator of real assets, as well as the scale and flexibility of our capital, to create value and deliver strong risk-adjusted returns across market cycles. 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 Corporation is listed on the New York and Toronto stock exchanges under the symbol BN. The Corporation was formed by articles of amalgamation under the Business Corporations Act (Ontario) and is registered in Ontario, Canada. On December 9, 2022, the Corporation filed the articles of arrangement and articles of amendment by arrangement to change its name from Brookfield Asset Management Inc. to Brookfield Corporation. The registered office of the Corporation is Brookfield Place, 181 Bay Street, Suite 100, 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 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 business, 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, 2022, the Corporation’s Capital totaled $57.8 billion (December 31, 2021 – $57.5 billion), and is computed as follows: AS AT DEC.31 2022 2021 Cash and cash equivalents $ 1,564 $ 1,197 Other financial assets 6,959 3,430 Common equity in managed investments 44,413 46,248 Other assets and liabilities of the Corporation 4,895 6,585 Corporation’s Capital $ 57,831 $ 57,460 Corporation’s Capital is comprised of the following: Common equity $ 39,608 $ 42,210 Preferred equity 4,145 4,145 Non-controlling interest 2,688 230 Corporate borrowings 11,390 10,875 $ 57,831 $ 57,460 The Corporation generates returns on its capital through management fees and performance revenues earned through its asset management business, distributions or dividends earned from its capital invested in managed entities, and through performance of the Corporation’s financial assets. 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, 2022 is as follows: AS AT DEC. 31, 2022 (MILLIONS) The Corporation Managed Investments Elimination 1 Total Consolidated Cash and cash equivalents $ 1,564 $ 12,832 $ — $ 14,396 Other financial assets 6,959 19,940 — 26,899 Accounts receivable and other 1 3,317 24,310 (249) 27,378 Inventory 2 12,841 — 12,843 Assets classified as held for sale — 2,830 — 2,830 Equity accounted investments 7,151 39,943 — 47,094 Investment properties 27 115,073 — 115,100 Property, plant and equipment 214 124,054 — 124,268 Intangible assets 206 38,205 — 38,411 Goodwill 354 28,308 — 28,662 Deferred income tax assets 1,769 1,634 — 3,403 Accounts payable and other 1 (7,123) (50,191) 249 (57,065) Liabilities associated with assets classified as held for sale — (876) — (876) Deferred income tax liabilities (581) (22,609) — (23,190) Subsidiary equity obligations (441) (3,747) — (4,188) Total 13,418 342,547 — 355,965 Common equity in managed investments 2 44,413 — (44,413) — Corporation’s Capital 57,831 342,547 (44,413) 355,965 Less: Corporate borrowings 11,390 — — 11,390 Non-recourse borrowings of managed entities — 202,684 — 202,684 Amounts attributable to preferred equity 4,145 — — 4,145 Amounts attributable to non-controlling interests 2,688 95,450 — 98,138 Common equity $ 39,608 $ 44,413 $ (44,413) $ 39,608 1. Contains the gross up of intercompany balances, including accounts receivable and other, and accounts payable and other of $249 million and $249 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 Activities and Asset Management segments. This measure is equal to the sum of the common equity in our Renewable Power and Transition, Infrastructure, Private Equity, and Real Estate operating segments. 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 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.

INVESTMENT PROPERTIES

INVESTMENT PROPERTIES	12 Months Ended
INVESTMENT PROPERTIES	Dec. 31, 2022
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) 2022 2021 Fair value, beginning of year $ 100,865 $ 96,782 Additions 11,580 13,558 Acquisitions through business combinations 9,805 988 Changes in basis of accounting (274) 599 Dispositions 1 (4,430) (15,017) Fair value changes 629 5,073 Foreign currency translation and other (3,075) (1,118) Fair value, end of year 2 $ 115,100 $ 100,865 1. Includes amounts reclassified to held for sale. 2. As at December 31, 2022, the ending balance includes $108.2 billion (December 31, 2021 – $94.9 billion) of investment properties leased to third parties and $4.4 billion of Right-of-use (“ROU”) investment properties (December 31, 2021 – $4.1 billion). Investment properties include the company’s office, retail, multifamily and other properties. Additions and acquisitions of $21.4 billion (2021 - $14.5 billion) primarily relate to the purchases of investment properties within our real estate funds and enhancement of existing assets during the period. Dispositions of $4.4 billion (2021 – $15.0 billion) included the sale of multiple triple net lease investment properties, multifamily and retail assets in the U.S, office assets in the U.K. and Canada, and a portfolio of student housing assets in the U.K. 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 $6.2 billion (2021 – $5.7 billion) in rental income and incurred $2.9 billion (2021 – $2.6 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) 2022 2021 Core $ 19,267 $ 19,384 Transitional and Development 25,434 28,334 LP Investments 69,501 51,620 Other investment properties 898 1,527 $ 115,100 $ 100,865 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: 2022 2021 AS AT DEC. 31 Discount Terminal Investment Discount Terminal Capitalization Rate Investment Horizon (years) Core 6.2 % 4.6 % 11 5.9 % 4.6 % 11 Transitional and Development 1 7.6 % 5.9 % 10 7.3 % 5.8 % 10 LP Investments 1 8.4 % 5.7 % 13 9.1 % 5.9 % 13 Other investment properties 2 7.5 % n/a n/a 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 Private Equity segments.

SUBSIDIARY EQUITY OBLIGATIONS

SUBSIDIARY EQUITY OBLIGATIONS	12 Months Ended
SUBSIDIARY EQUITY OBLIGATIONS	Dec. 31, 2022
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 2022 2021 Subsidiary preferred equity units (a) $ 1,605 $ 1,585 Limited-life funds and redeemable fund units (b) 1,114 1,538 Subsidiary preferred shares and capital (c) 1,469 1,185 Total $ 4,188 $ 4,308 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, BN 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, BN 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. Subsidiary preferred equity units include $474 million as at December 31, 2022 (2021 – $474 million) 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 $25.00 per unit and any accumulated unpaid dividends. AS AT DEC. 31 (MILLIONS, EXCEPT PER SHARE INFORMATION) Shares Outstanding Cumulative Dividend Rate Local Currency 2022 2021 Series 2 24,000,000 6.50 % US$ $ 575 $ 565 Series 3 24,000,000 6.75 % US$ 556 546 New LP Preferred Units 19,273,654 6.25 % US$ 474 474 Total $ 1,605 $ 1,585 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, 2022, we have $1.1 billion (2021 – $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 $577 million (2021 – $859 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, 2022, we have $96 million (2021 – $545 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 $441 million of redeemable fund units (2021 – $134 million) in certain funds managed by our public securities business. c) Subsidiary Preferred Shares and Capital Preferred shares are classified as liabilities if the holders of the preferred shares have the right, after a fixed date, to convert the shares into common equity of the issuer based on the market price of the common equity of the issuer at that time unless they are previously redeemed by the issuer. The dividends paid on these securities are recorded in interest expense. As at December 31, 2022 and 2021, the balances consist of the following: AS AT DEC. 31 (MILLIONS, EXCEPT PER SHARE INFORMATION) Shares Outstanding Cumulative Dividend Rate Local Currency 2022 2021 Brookfield Property Split Corp. Series 1 829,334 5.25 % US$ $ 21 $ 21 Series 2 555,146 5.75 % C$ 10 11 Series 3 668,228 5.00 % C$ 12 15 Series 4 541,892 5.20 % C$ 10 12 Rouse Series A preferred shares 5,600,000 5.00% US$ 142 142 Brookfield India Real Estate Trust (“BIRET”) 155,003,656 See footnote 1 US$ 456 440 Alstria Office Prime Portfolio GmbH & Co. KG 19,472,214 n/a EUR€ 129 — India Infrastructure Investment Trusts 479,400,000 See footnote 1 INR 616 471 BIP Investment Corporation Series 1 Senior preferred shares 4,000,000 5.85% C$ 73 73 Total $ 1,469 $ 1,185 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. Subsidiary preferred shares include $142 million as at December 31, 2022 (2021 – $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. Subsidiary preferred capital includes $456 million as at December 31, 2022 (2021 – $440 million) 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 $616 million as at December 31, 2022 (2021 – $471 million) 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.

DIRECT COSTS

DIRECT COSTS	12 Months Ended
DIRECT COSTS	Dec. 31, 2022
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 2022 and 2021 by nature: FOR THE YEARS ENDED DEC. 31 (MILLIONS) 2022 2021 Cost of sales $ 54,044 $ 44,149 Compensation 9,849 7,804 Depreciation and amortization 7,683 6,437 Selling, general and administrative expenses 3,931 3,197 Property taxes, sales taxes and other 3,004 2,413 $ 78,511 $ 64,000

INVESTMENT PROPERTIES (Tables)

INVESTMENT PROPERTIES (Tables)	12 Months Ended
INVESTMENT PROPERTIES (Tables)	Dec. 31, 2022
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) 2022 2021 Fair value, beginning of year $ 100,865 $ 96,782 Additions 11,580 13,558 Acquisitions through business combinations 9,805 988 Changes in basis of accounting (274) 599 Dispositions 1 (4,430) (15,017) Fair value changes 629 5,073 Foreign currency translation and other (3,075) (1,118) Fair value, end of year 2 $ 115,100 $ 100,865 1. Includes amounts reclassified to held for sale. 2. As at December 31, 2022, the ending balance includes $108.2 billion (December 31, 2021 – $94.9 billion) of investment properties leased to third parties and $4.4 billion of Right-of-use (“ROU”) investment properties (December 31, 2021 – $4.1 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: 2022 2021 AS AT DEC. 31 (MILLIONS) Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Financial assets Other financial assets Government bonds $ 91 $ 1,475 $ — $ 48 $ 1,972 $ — Corporate bonds 65 1,754 324 85 2,050 383 Fixed income securities and other 493 2,099 3,376 762 1,908 451 Common shares and warrants 3,975 377 2,120 4,063 548 1,316 Loans and notes receivables 22 26 5 — — 5 4,646 5,731 5,825 4,958 6,478 2,155 Accounts receivable and other 12 3,731 6 3 2,265 77 $ 4,658 $ 9,462 $ 5,831 $ 4,961 $ 8,743 $ 2,232 Financial liabilities Accounts payable and other $ 7 $ 4,469 $ 2,419 $ 29 $ 4,150 $ 1,311 Subsidiary equity obligations — 441 673 — 135 1,403 $ 7 $ 4,910 $ 3,092 $ 29 $ 4,285 $ 2,714 The following table presents our investment properties measured at fair value: AS AT DEC. 31 (MILLIONS) 2022 2021 Core $ 19,267 $ 19,384 Transitional and Development 25,434 28,334 LP Investments 69,501 51,620 Other investment properties 898 1,527 $ 115,100 $ 100,865
Disclosure of significant unobservable inputs used in fair value measurement of assets [text block]	The following table summarizes the key valuation metrics of the company’s investment properties: 2022 2021 AS AT DEC. 31 Discount Terminal Investment Discount Terminal Capitalization Rate Investment Horizon (years) Core 6.2 % 4.6 % 11 5.9 % 4.6 % 11 Transitional and Development 1 7.6 % 5.9 % 10 7.3 % 5.8 % 10 LP Investments 1 8.4 % 5.7 % 13 9.1 % 5.9 % 13 Other investment properties 2 7.5 % n/a n/a 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 Private Equity segments.

SUBSIDIARY EQUITY OBLIGATIONS (

SUBSIDIARY EQUITY OBLIGATIONS (Tables)	12 Months Ended
SUBSIDIARY EQUITY OBLIGATIONS (Tables)	Dec. 31, 2022
Disclosure of financial liabilities [abstract]
Disclosure of detailed information about equity interests classified as liabilities [Table Text Block]	Subsidiary equity obligations consist of the following: AS AT DEC. 31 (MILLIONS) Note 2022 2021 Subsidiary preferred equity units (a) $ 1,605 $ 1,585 Limited-life funds and redeemable fund units (b) 1,114 1,538 Subsidiary preferred shares and capital (c) 1,469 1,185 Total $ 4,188 $ 4,308 AS AT DEC. 31 (MILLIONS, EXCEPT PER SHARE INFORMATION) Shares Outstanding Cumulative Dividend Rate Local Currency 2022 2021 Series 2 24,000,000 6.50 % US$ $ 575 $ 565 Series 3 24,000,000 6.75 % US$ 556 546 New LP Preferred Units 19,273,654 6.25 % US$ 474 474 Total $ 1,605 $ 1,585 AS AT DEC. 31 (MILLIONS, EXCEPT PER SHARE INFORMATION) Shares Outstanding Cumulative Dividend Rate Local Currency 2022 2021 Brookfield Property Split Corp. Series 1 829,334 5.25 % US$ $ 21 $ 21 Series 2 555,146 5.75 % C$ 10 11 Series 3 668,228 5.00 % C$ 12 15 Series 4 541,892 5.20 % C$ 10 12 Rouse Series A preferred shares 5,600,000 5.00% US$ 142 142 Brookfield India Real Estate Trust (“BIRET”) 155,003,656 See footnote 1 US$ 456 440 Alstria Office Prime Portfolio GmbH & Co. KG 19,472,214 n/a EUR€ 129 — India Infrastructure Investment Trusts 479,400,000 See footnote 1 INR 616 471 BIP Investment Corporation Series 1 Senior preferred shares 4,000,000 5.85% C$ 73 73 Total $ 1,469 $ 1,185

DIRECT COSTS (Tables)

DIRECT COSTS (Tables)	12 Months Ended
DIRECT COSTS (Tables)	Dec. 31, 2022
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 2022 and 2021 by nature: FOR THE YEARS ENDED DEC. 31 (MILLIONS) 2022 2021 Cost of sales $ 54,044 $ 44,149 Compensation 9,849 7,804 Depreciation and amortization 7,683 6,437 Selling, general and administrative expenses 3,931 3,197 Property taxes, sales taxes and other 3,004 2,413 $ 78,511 $ 64,000

INVESTMENT PROPERTIES - Schedul

INVESTMENT PROPERTIES - Schedule of Changes in Fair Value of Investment Properties (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Disclosure of detailed information about investment property [line items]
Fair value, beginning of year	$ 100,865	$ 96,782
Additions	11,580	13,558
Acquisitions through business combinations, investment property	9,805	988
Dispositions	(4,430)	(15,017)
Fair value changes	629	5,073
Foreign currency translation and other	(3,075)	(1,118)
Fair value, end of year2	115,100	100,865
Right-of-use assets	4,400	4,100
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	(274)	599
Property, plant and equipment [member]
Disclosure of detailed information about investment property [line items]
Right-of-use assets	6,600	7,000
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	$ 108,200	$ 94,900

INVESTMENT PROPERTIES - Narrati

INVESTMENT PROPERTIES - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Investment property [abstract]
Additions from acquisitions and business combinations, investment property	$ 21,400	$ 14,500
Dispositions	(4,430)	(15,017)
Rental income from investment property	6,200	5,700
Direct operating expense from investment property	$ 2,900	$ 2,600

INVESTMENT PROPERTIES - Sched_2

INVESTMENT PROPERTIES - Schedule of Investment Properties Measured at Fair Value (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Disclosure of fair value measurement of assets [line items]
Investment properties	$ 115,100	$ 100,865
Core
Disclosure of fair value measurement of assets [line items]
Investment properties	19,267	19,384
Transitional and Development [Member]
Disclosure of fair value measurement of assets [line items]
Investment properties	25,434	28,334
LP Investments and Other [Member]
Disclosure of fair value measurement of assets [line items]
Investment properties	69,501	51,620
Other investment properties
Disclosure of fair value measurement of assets [line items]
Investment properties	$ 898	$ 1,527

INVESTMENT PROPERTIES - Sched_3

INVESTMENT PROPERTIES - Schedule of Significant Unobservable Inputs (Details)	Dec. 31, 2022	Dec. 31, 2021
Core
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items]
Discount Rate	6.20%	5.90%
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	7.60%	7.30%
Terminal Capitalization Rate	5.90%	5.80%
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	8.40%	9.10%
Terminal Capitalization Rate	5.70%	5.90%
Investment Horizon (years)	13,000,000	13,000,000
Other investment properties
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items]
Discount Rate	7.50%	8.70%

SUBSIDIARY EQUITY OBLIGATIONS -

SUBSIDIARY EQUITY OBLIGATIONS - Schedule of Subsidiary Equity Obligations (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Disclosure of financial liabilities [line items]
Subsidiary preferred equity units	$ 1,605	$ 1,585
Limited-life funds and redeemable fund units	1,114	1,538
Total	4,188	4,308
Real Estate
Disclosure of financial liabilities [line items]
Limited-life funds and redeemable fund units	577	859
Subsidiary preferred shares and capital	1,469	1,185
Infrastructure
Disclosure of financial liabilities [line items]
Limited-life funds and redeemable fund units	96	545
Corporate Activities
Disclosure of financial liabilities [line items]
Limited-life funds and redeemable fund units	$ 441	$ 134

SUBSIDIARY EQUITY OBLIGATIONS_2

SUBSIDIARY EQUITY OBLIGATIONS - Narrative (Details) $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($) $ / shares
Disclosure of subsidiaries [line items]
Subsidiary preferred equity units	$ 1,605
Liquidation preference per unit \| $ / shares	$ 25
Limited-Life Funds and Redeemable Fund Units	$ 1,114
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 Rouse Properties L.P.
Disclosure of subsidiaries [line items]
Subsidiary preferred shares and capital	142
Real Estate
Disclosure of subsidiaries [line items]
Limited-Life Funds and Redeemable Fund Units	577
Subsidiary preferred shares and capital	1,469
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
Infrastructure
Disclosure of subsidiaries [line items]
Limited-Life Funds and Redeemable Fund Units	96
Corporate Activities
Disclosure of subsidiaries [line items]
Limited-Life Funds and Redeemable Fund Units	$ 441

SUBSIDIARY EQUITY OBLIGATIONS_3

SUBSIDIARY EQUITY OBLIGATIONS - Schedule of Preferred Equity Units (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Disclosure of subsidiaries [line items]
Subsidiary preferred equity units	$ 1,605	$ 1,585
Series 2
Disclosure of subsidiaries [line items]
Issued and Outstanding (in shares)	24,000,000
Cumulative Dividend Rate	6.50%
Subsidiary preferred equity units	$ 575	565
Series 3
Disclosure of subsidiaries [line items]
Issued and Outstanding (in shares)	24,000,000
Cumulative Dividend Rate	6.75%
Subsidiary preferred equity units	$ 556	546
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	$ 474

SUBSIDIARY EQUITY OBLIGATIONS_4

SUBSIDIARY EQUITY OBLIGATIONS - Schedule of Subsidiary Preferred Shares (Details) € in Millions, ₨ in Millions, $ in Millions, $ in Millions	Dec. 31, 2022 USD ($) shares	Dec. 31, 2022 CAD ($) shares	Dec. 31, 2022 EUR (€) shares	Dec. 31, 2022 INR (₨) shares	Dec. 31, 2021 USD ($)	Dec. 31, 2021 CAD ($)	Dec. 31, 2021 EUR (€)	Dec. 31, 2021 INR (₨)
Series 2
Disclosure of subsidiaries [line items]
Issued and Outstanding (in shares)	24,000,000	24,000,000	24,000,000	24,000,000
Cumulative Dividend Rate	6.50%	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	24,000,000
Cumulative Dividend Rate	6.75%	6.75%	6.75%	6.75%
Rouse Series A preferred shares
Disclosure of subsidiaries [line items]
Subsidiary Preferred Shares \| $	$ 142
Real Estate
Disclosure of subsidiaries [line items]
Subsidiary Preferred Shares \| $	$ 1,469				$ 1,185
Real Estate \| Brookfield Property Split Corp. (“BOP Split”) senior preferred shares \| Series 1
Disclosure of subsidiaries [line items]
Issued and Outstanding (in shares)	829,334	829,334	829,334	829,334
Cumulative Dividend Rate	5.25%	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)	555,146	555,146	555,146	555,146
Cumulative Dividend Rate	5.75%	5.75%	5.75%	5.75%
Subsidiary Preferred Shares \| $		$ 10				$ 11
Real Estate \| Brookfield Property Split Corp. (“BOP Split”) senior preferred shares \| Series 3
Disclosure of subsidiaries [line items]
Issued and Outstanding (in shares)	668,228	668,228	668,228	668,228
Cumulative Dividend Rate	5%	5%	5%	5%
Subsidiary Preferred Shares \| $		$ 12				15
Real Estate \| Brookfield Property Split Corp. (“BOP Split”) senior preferred shares \| Series 4
Disclosure of subsidiaries [line items]
Issued and Outstanding (in shares)	541,892	541,892	541,892	541,892
Cumulative Dividend Rate	5.20%	5.20%	5.20%	5.20%
Subsidiary Preferred Shares \| $		$ 10				12
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	5,600,000
Cumulative Dividend Rate	5%	5%	5%	5%
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)	155,003,656	155,003,656	155,003,656	155,003,656
Cumulative Dividend Rate	90%	90%	90%	90%
Subsidiary Preferred Shares \| $	$ 456				$ 440
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	4,000,000
Cumulative Dividend Rate	5.85%	5.85%	5.85%	5.85%
Subsidiary Preferred Shares \| $		$ 73				$ 73
Real Estate \| Preferred equity held by Alstria Office Prime Portfolio GmbH & Co. KG
Disclosure of subsidiaries [line items]
Issued and Outstanding (in shares)	19,472,214	19,472,214	19,472,214	19,472,214
Subsidiary Preferred Shares \| €			€ 129				€ 0
Infrastructure \| Preferred equity held by third party investor in BIP India Trust [Member]
Disclosure of subsidiaries [line items]
Issued and Outstanding (in shares)	479,400,000	479,400,000	479,400,000	479,400,000
Subsidiary Preferred Shares \| ₨				₨ 616				₨ 471

DIRECT COSTS - Schedule of List

DIRECT COSTS - Schedule of Lists of Direct Costs (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Analysis of income and expense [abstract]
Cost of sales	$ 54,044	$ 44,149
Compensation	9,849	7,804
Depreciation and amortisation expense	7,683	6,437
Selling, general and administrative expenses	3,931	3,197
Property taxes, sales taxes and other	3,004	2,413
Total	$ 78,511	$ 64,000

SIGNIFICANT ACCOUNTING POLICIES

SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
SIGNIFICANT ACCOUNTING POLICIES	Dec. 31, 2022
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 as issued by the International Accounting Standards Board (“IASB”) (“IFRS”). These consolidated financial statements were authorized for issuance by the Board of Directors of the company on March 24, 2023. 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, 2022. The new standards were applied as follows: i. 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 for Financial Reporting issued by the International Accounting Standards Board ("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 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, 2024. 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 Note 27 for additional details. 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 measured using comparable market values for similar assets. 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 right-of-use assets, 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 as at December 31, 2022 is 35 years (2021 – 31 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 Sheet 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 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. 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: (YEARS, UNLESS OTHERWISE NOTED) Useful Lives Buildings Up to 50 Right-of-use assets Up to 40 but not exceeding the term of the lease Machinery and equipment Up to 30 Vessels Up to 35 Oil and gas related equipment and mining property Units of production Real Estate 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 values of hospitality properties are determined using a depreciated replacement cost method based on the age, physical condition and the construction costs of the assets. 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 20 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 and renewable transport fuel obligations (“RTFO”) certificates 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. 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 unobservable 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. Gains or losses arising from derecognition of an intangible asset are measured as the difference between the net disposal proceeds, if any, and the carrying amount of the asset and are recognized in the Consolidated Statements of Operations in other income and gains when the asset is derecognized. 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 2022 audited 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 and trademarks Up to 40 Computer software Up to 10 Customer relationships Up to 30 Proprietary technology Up to 20 Real Estate Intangible assets in our Real Estate segment are primarily of trademarks and licensing agreements. Subsequent to initial recognition, intangible assets with a finite life are measured at cost less accumulated amortization and impairment losses. Amortization is calculated on a straight-line basis over the estimated useful life of the intangible asset and is recognized in net income for the respective reporting period. Indefinite life intangible assets are recorded at cost unless an impairment is identified which requires a write-down to its recoverable amount. 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 generate cash inflows 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 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. Limited-life funds and redeemable fund units are classified as liabilities and recorded at fair value within subsidiary equity obligations on the Consolidated Balance Sheets. Changes

SEGMENTED INFORMATION

SEGMENTED INFORMATION	12 Months Ended
SEGMENTED INFORMATION	Dec. 31, 2022
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 activities, which collectively represent six 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. Corporate Activities include the investment of cash and financial assets, our share of the investment in our insurance solutions business, 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. ii. Asset Management business includes managing the long-term private funds, perpetual strategies and liquid strategies of our asset management business 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. Managed investments: i. Renewable Power and Transition business includes the ownership, operation and development of hydroelectric, wind, utility-scale solar power generating assets and distributed energy & sustainable solutions. ii. Infrastructure business includes the ownership, operation and development of utilities, transport, midstream, and data assets. iii. Private Equity business includes a broad range of industries, and is mostly focused on the ownership and operation of business services, infrastructure services and industrials. iv. Real Estate business includes the ownership, operation and development of core investments, transitional and development investments (including residential development properties), and our share of LP investments, which sit within the private funds of our asset management business. Beginning in the fourth quarter of 2022, the company no longer presented a Residential Development operating segment for internal or external reporting purposes. Our North American and Australian residential development operations are now presented within the Real Estate segment and the Brazilian residential development operations are now presented within the Private Equity segment. This presentation aligns our operating segments with how our Chief Operating Decision Maker assesses the operating results and performance of our businesses on a segmented basis. Subsequent to the special distribution of our asset management business described in Note 21 (b), our Asset Management segment includes our investment in Brookfield Asset Management ULC (“BAM”) and certain corporate costs and tax items that were previously presented in our Corporate Activities segment. The company has retrospectively applied these presentation changes for all periods presented. 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. 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. In all other businesses, 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, 2022 (MILLIONS) Asset Renewable Infrastructure Private Real Estate Corporate Total Note External revenues $ 653 $ 5,198 $ 14,724 $ 58,225 $ 13,803 $ 166 $ 92,769 Inter-segment and other revenues 1 4,289 — 4 207 32 (41) 4,491 i Segmented revenues 4,942 5,198 14,728 58,432 13,835 125 97,260 FFO from equity accounted investments 1 346 271 1,893 567 958 418 4,453 ii Interest expense — (1,127) (1,895) (2,702) (4,460) (518) (10,702) iii Current income taxes (98) (148) (481) (473) (74) (4) (1,278) iv FFO 1 2,518 401 640 1,026 1,744 (35) 6,294 v Common equity 6,884 5,274 2,784 4,486 31,868 (11,688) 39,608 Equity accounted investments 4,664 2,261 11,844 3,574 22,264 2,487 47,094 Additions to non-current assets 2 193 6,710 6,604 24,418 27,096 1,021 66,042 1. We equity account for our investment in Oaktree and include our share of the FFO at our ownership of 64%. For segment reporting, Oaktree’s revenue is shown on a 100% basis. For the year ended December 31, 2022, $1.5 billion of Oaktree’s revenue was included in our Asset Management segment revenue. 2. Includes additions to equity accounted investments, investment properties, PP&E, intangible assets and goodwill. AS AT AND FOR THE YEAR ENDED DEC. 31, 2021 (MILLIONS) Asset Renewable Infrastructure Private Real Estate Corporate Total Note External revenues $ 306 $ 4,580 $ 11,941 $ 46,452 $ 12,283 $ 169 $ 75,731 Inter-segment and other revenues 1 4,930 — 6 431 32 (18) 5,381 i Segmented revenues 5,236 4,580 11,947 46,883 12,315 151 81,112 FFO from equity accounted investments 1 558 187 1,697 459 842 63 3,806 ii Interest expense — (892) (1,502) (1,515) (3,281) (414) (7,604) iii Current income taxes (58) (43) (402) (542) (89) 20 (1,114) iv FFO 1 2,524 1,044 797 2,031 1,442 (280) 7,558 v Common equity 4,905 5,264 3,022 3,996 33,965 (8,942) 42,210 Equity accounted investments 4,496 1,801 9,569 2,992 25,186 2,056 46,100 Additions to non-current assets 2 — 5,001 18,248 14,169 22,081 1,332 60,831 1. We equity account for our investment in Oaktree and include our share of the FFO at 62%. 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 revenue was included in our Asset Management segment revenue. 2. Includes additions to equity accounted investments, investment properties, PP&E, sustainable resources, intangible assets and goodwill. i. Inter-Segment Revenues For the year ended December 31, 2022, 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 $4.3 billion (2021 – $4.9 billion), revenues earned on construction projects between consolidated entities totaling $220 million (2021 – $418 million), and other revenues totaling a net loss of $18 million (2021 – income of $33 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) 2022 2021 Consolidated equity accounted income $ 2,613 $ 2,451 Non-FFO items from equity accounted investments 1 1,840 1,355 FFO from equity accounted investments $ 4,453 $ 3,806 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, 2022, the adjustment to interest expense consists of interest on loans between consolidated entities totaling $6 million (2021 – $28 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) 2022 2021 Current income tax expense $ (1,278) $ (1,114) Deferred income tax expense (191) (1,210) Income tax expense $ (1,469) $ (2,324) 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 2022 2021 Net income $ 5,195 $ 12,388 Financial statement components not included in FFO Equity accounted fair value changes and other non-FFO items 1,840 1,355 Fair value changes 977 (5,151) Depreciation and amortization 7,683 6,437 Deferred income taxes 191 1,210 Realized disposition gains in fair value changes or equity vi 903 2,861 Non-controlling interests in FFO (10,495) (11,542) Total FFO $ 6,294 $ 7,558 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 an entity which was consolidated before and after the respective transaction. The realized disposition gains recorded in fair value changes, revaluation surplus or directly in equity were $903 million for the year ended December 31, 2022 (2021 – $2.9 billion), of which $794 million relates to prior periods (2021 – $2.0 billion), $nil has been recorded directly in equity as changes in ownership (2021 – $751 million) and a gain of $109 million has been recorded in fair value changes (2021 – $136 million). d) Geographic Allocation The company’s revenues by location of operations are as follows: FOR THE YEARS ENDED DEC. 31 (MILLIONS) 2022 2021 U.S. $ 24,724 $ 19,694 Canada 10,752 7,548 U.K. 25,090 21,497 Australia 6,041 5,892 Brazil 5,294 3,730 India 2,743 2,520 Germany 1,909 1,567 Colombia 2,135 1,890 Other Europe 9,084 6,924 Other Asia 3,042 2,708 Other 1,955 1,761 $ 92,769 $ 75,731 The company’s consolidated assets by location are as follows: AS AT DEC. 31 (MILLIONS) 2022 2021 U.S. $ 206,714 $ 172,952 Canada 50,894 52,989 U.K. 31,940 36,740 Australia 27,068 20,767 Brazil 25,500 22,052 India 19,521 20,935 Germany 12,262 7,663 Colombia 10,567 11,065 Other Europe 31,713 24,402 Other Asia 14,655 12,866 Other 10,450 8,572 $ 441,284 $ 391,003

SUBSIDIARIES

SUBSIDIARIES	12 Months Ended
SUBSIDIARIES	Dec. 31, 2022
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 2022 2021 Brookfield Asset Management ULC (“BAM”) 3 British Columbia 25.0 % n/a Brookfield Renewable Partners L.P. (“BEP”) 4 Bermuda 51.7 % 51.7 % Brookfield Infrastructure Partners L.P. (“BIP”) 5 Bermuda 72.9 % 72.8 % Brookfield Business Partners L.P. (“BBU”) 6 Bermuda 34.8 % 35.6 % 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 and BBU 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 and BBU’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. On December 9, 2022, the company made a $2.4 billion special distribution of a 25% interest in Brookfield Asset Management ULC, our asset management business, which was previously wholly-owned by the company. 4. Ownership interest held by non-controlling interests represents the combined units not held in BEP and Brookfield Renewable Corporation (“BEPC”). 5. Ownership interest held by non-controlling interests represents the combined units not held in BIP and Brookfield Infrastructure Corporation (“BIPC”). 6. Ownership interest held by non-controlling interests represents the combined units not held in BBU and Brookfield Business Corporation (“BBUC”). The table below presents the exchanges on which the company’s subsidiaries with significant non-controlling interests were publicly listed as of December 31, 2022: 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) 2022 2021 BAM 1 $ 2,377 $ — BEP 21,651 19,355 BIP 23,030 23,695 BBU 16,026 10,197 BPG 2 29,321 28,115 Individually immaterial subsidiaries with non-controlling interests 5,733 7,024 $ 98,138 $ 88,386 1. On December 9, 2022, the company made a $2.4 billion special distribution of a 25% interest in Brookfield Asset Management ULC, our asset management business, which was previously wholly-owned by the company. 2. This balance represents non-controlling interests within the consolidated funds of BPG. All publicly listed subsidiaries 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: BAM 1 BEP BIP BBU BPG AS AT AND FOR THE YEARS ENDED DEC. 31 (MILLIONS) 2022 2021 2022 2021 2022 2021 2022 2021 2022 2021 Current assets $ 5,690 $ — $ 4,183 $ 2,889 $ 6,686 $ 4,896 $ 18,312 $ 15,418 $ 15,626 $ 25,866 Non-current assets 6,820 — 59,928 52,978 66,283 69,065 71,186 48,801 162,198 143,383 Current liabilities (2,093) — (4,943) (3,222) (8,377) (8,661) (16,954) (13,912) (41,653) (35,006) Non-current liabilities (915) — (32,882) (28,649) (39,038) (38,909) (54,079) (37,307) (74,982) (72,163) Non-controlling interests (2,377) — (21,651) (19,355) (23,030) (23,695) (16,026) (10,197) (29,321) (28,115) Equity attributable to Brookfield $ 7,125 $ — $ 4,635 $ 4,641 $ 2,524 $ 2,696 $ 2,439 $ 2,803 $ 31,868 $ 33,965 Revenues $ 3,375 $ — $ 4,711 $ 4,096 $ 14,427 $ 11,537 $ 57,545 $ 46,587 $ 13,835 $ 12,314 Net income (loss) attributable to: Non-controlling interests $ 442 $ — $ 327 $ 151 $ 1,350 $ 2,489 $ 275 $ 1,846 $ 2,639 $ 3,836 Shareholders 2,276 — (189) (217) 25 230 80 307 496 1,927 $ 2,718 $ — $ 138 $ (66) $ 1,375 $ 2,719 $ 355 $ 2,153 $ 3,135 $ 5,763 Other comprehensive income (loss) attributable to: Non-controlling interests $ (8) $ — $ 1,868 $ 1,835 $ 39 $ 197 $ (297) $ 218 $ 356 $ 857 Shareholders (24) — 622 931 109 63 (97) 65 13 451 $ (32) $ — $ 2,490 $ 2,766 $ 148 $ 260 $ (394) $ 283 $ 369 $ 1,308 1. On December 9, 2022, the company made a $2.4 billion special distribution of a 25% interest in Brookfield Asset Management ULC, our asset management business, which was previously wholly-owned by the company. BAM results are presented as at and for the year ended December 31, 2022. The summarized cash flows of the company’s subsidiaries with significant non-controlling interests are as follows: BAM 1 BEP BIP BBU BPG FOR THE YEARS ENDED DEC. 31 (MILLIONS) 2022 2021 2022 2021 2022 2021 2022 2021 2022 2021 Cash flows from (used in): Operating activities $ (2,329) $ — $ 1,711 $ 734 $ 3,131 $ 2,772 $ 1,011 $ 1,693 $ (1,657) $ 4,041 Financing activities (3,467) — 3,489 2,143 56 (995) 18,070 7,063 6,871 7,504 Investing activities 6,848 — (5,066) (2,544) (3,365) (1,173) (18,721) (8,926) (3,756) (10,260) Distributions paid to non-controlling interests in common equity $ — $ — $ 477 $ 456 $ 810 $ 715 $ 28 $ 13 $ — $ 120 Brookfield Finance Inc. (“BFI”) was incorporated on March 31, 2015 under the Business Corporations Act (Ontario) and is a subsidiary of the Corporation. Historically, we have also issued debt securities through other subsidiaries, including Brookfield Finance LLC (“BFL”) and Brookfield Finance I (UK) PLC (“BF U.K.”). BFI is the issuer of the following series of notes (together with BFL and BF U.K. as co-obligors, as noted below): • $500 million of 4.25% notes due in 2026; • $550 million of 4.70% notes due in 2047; • $350 million of 4.70% notes due in 2047; • $650 million of 3.90% notes due in 2028; • $750 million of 4.00% notes due in 2024 (BFL co-obligor); • $1.0 billion of 4.85% notes due in 2029 ; • $600 million of 4.35% notes due in 2030; • $150 million of 4.35% notes due in 2030; • $500 million of 3.50% notes due in 2051 ; • $400 million of 4.625% subordinated notes due in 2080; • $500 million of 2.724% notes due in 2031; • $250 million of 3.50% notes due in 2051; • $400 million of 3.90% notes due in 2028; • $400 million of 3.625% notes due in 2052; • $600 million of 3.45% notes due in 2050 (BFL co-obligor); and • $600 million of 2.34% notes due in 2032 (BF U.K. co-obligor). In addition, Brookfield Finance II Inc. (“BFI II”) is the issuer of C$1.0 billion of 5.431% notes due in 2032 and BF U.K. is the issuer of $230 million of 4.50% perpetual subordinated notes. BFL is a Delaware limited liability company formed on February 6, 2017 and is a subsidiary of the Corporation. Brookfield Capital Finance LLC (the “US LLC Issuer”) is a Delaware limited liability company formed on August 12, 2022 and a subsidiary of the Corporation. BFI II was incorporated on September 24, 2020 under the Business Corporations Act (Ontario) and is a 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 a subsidiary of the Corporation. BF U.K. (collectively with BFI, BFI II, BFL, BF AUS, and the US LLC Issuer, the “Debt Issuers”) was incorporated on September 25, 2020 under the U.K. Companies Act 2006 and is a 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 a subsidiary of the Corporation. The Debt Issuers are consolidated subsidiaries of the Corporation that may offer and sell debt securities. BFL II is a consolidated subsidiary of the Corporation that may offer and sell preferred shares representing limited liability company interests. Any debt securities issued by the Debt Issuers are, or will be, fully and unconditionally guaranteed as to payment of principal, premium (if any), interest and certain other amounts by the Corporation. 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. The US LLC Issuer, 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 , 2022, C$34 million of the se senior preferred shares were held by third-party shareholders and are retractable at the option of the holder. The following tables contain summarized financial information of the Corporation, BFI, BFI II, BFL, BFL II, BF AUS, BF U.K., the US LLC Issuer, BIC and non-guarantor subsidiaries: AS AT AND FOR THE YEAR ENDED DEC. 31, 2022 The Corporation 1 BFI BFI II BFL BFL II BF BF US LLC Issuer BIC Other Subsidiaries of the Corporation 2 Consolidating Adjustments 3 The Company Revenues $ 2,491 $ 284 $ 2 $ 30 $ — $ — $ 35 $ — $ 507 $ 111,633 $ (22,213) $ 92,769 Net income (loss) attributable to shareholders 2,056 (8) — — — — 11 — 487 18,598 (19,088) 2,056 Total assets 71,514 9,769 740 16 — — 232 — 4,170 492,799 (137,956) 441,284 Total liabilities 27,761 8,544 737 6 — — 4 — 3,520 297,397 (38,576) 299,393 Non-controlling interest – preferred equity — — — — — — 230 — — — — 230 AS AT AND FOR THE YEAR ENDED DEC. 31, 2021 The Corporation 1 BFI BFI II BFL BFL II BF BF US LLC Issuer 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 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., US LLC Issuer and BFL II on a combined basis. 3. This column includes the necessary amounts to present the company on a consolidated basis.

ACQUISITIONS OF CONSOLIDATED EN

ACQUISITIONS OF CONSOLIDATED ENTITIES	12 Months Ended
ACQUISITIONS OF CONSOLIDATED ENTITIES	Dec. 31, 2022
Disclosure of detailed information about business combination [abstract]
ACQUISITIONS OF CONSOLIDATED ENTITIES	5. ACQUISITIONS OF CONSOLIDATED ENTITIES a) Completed During 2022 The following table summarizes the balance sheet impact as a result of business combinations that occurred in the year ended December 31, 2022 . 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 Real Estate Renewable Power and Transition Infrastructure and Other Total Cash and cash equivalents $ 953 $ 605 $ 85 $ 7 $ 1,650 Accounts receivable and other 1,446 302 379 10 2,137 Other financial assets 4,558 188 12 11 4,769 Inventory 485 5 31 2 523 Equity accounted investments 461 222 — — 683 Investment properties — 9,805 — — 9,805 Property, plant and equipment 1,502 3,224 3,087 160 7,973 Intangible assets 11,594 82 — 302 11,978 Goodwill 8,155 456 691 279 9,581 Deferred income tax assets 62 — 10 1 73 Total assets 29,216 14,889 4,295 772 49,172 Less: Accounts payable and other (2,300) (795) (1,201) (55) (4,351) Non-recourse borrowings (4,924) (3,707) (424) (52) (9,107) Deferred income tax liabilities (1,911) (878) (50) (18) (2,857) Non-controlling interests 1 (96) (1,788) (32) (64) (1,980) (9,231) (7,168) (1,707) (189) (18,295) Net assets acquired $ 19,985 $ 7,721 $ 2,588 $ 583 $ 30,877 Bargain purchase gain — 370 — — 370 Consideration 2 $ 19,985 $ 7,351 $ 2,588 $ 583 $ 30,507 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 $4.0 billion of revenue and $528 million of net loss in 2022 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 $8.1 billion and $344 million to total revenues and net loss, respectively. The following table summarizes the balance sheet impact as a result of significant business combinations that occurred in 2022 . 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 Real Estate Renewable Power and Transition (MILLIONS) CDK Scientific Games La Trobe Watermark Lodging German Office Portfolio Irish Office U.S. Wind Portfolio U.S. Utility-Scale Solar Cash and cash equivalents $ 301 $ 61 $ 155 $ 172 $ 357 $ 74 $ 26 $ 22 Accounts receivable and other 544 272 37 144 93 1 280 58 Other financial assets 32 4 4,511 — 105 4 2 — Inventory 15 169 — 5 — — — — Equity accounted investments 175 277 — 222 — — — — Investment properties — — — — 5,429 1,359 — — Property, plant and equipment 82 313 4 3,161 35 8 1,796 561 Intangible assets 4,827 3,983 646 77 — — — — Goodwill 4,580 1,235 392 — 453 3 9 287 Deferred income tax assets 2 4 9 — — — — — Total assets 10,558 6,318 5,754 3,781 6,472 1,449 2,113 928 Less: Accounts payable and other (995) (333) (39) (327) (243) (42) (970) (77) Non-recourse borrowings (72) — (4,471) (317) (1,965) (209) (25) (48) Deferred income tax liabilities (1,098) (206) (194) — (760) (84) — (43) Non-controlling interests 1 (81) — — — (1,509) — (26) — (2,246) (539) (4,704) (644) (4,477) (335) (1,021) (168) Net assets acquired $ 8,312 $ 5,779 $ 1,050 $ 3,137 $ 1,995 $ 1,114 $ 1,092 $ 760 Consideration 2 $ 8,312 $ 5,779 $ 1,050 $ 3,137 $ 1,995 $ 1,114 $ 1,092 $ 760 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 April 4, 2022, a subsidiary of the company, alongside institutional partners, acquired a 100% interest in Scientific Games, LLC (“Scientific Games”), a service provider to government-sponsored lottery programs with capabilities in game design, distribution, systems and terminals and turnkey technology solutions. The total consideration paid for the business was $5.8 billion, funded with debt and equity. Goodwill of $1.2 billion was recognized, which is not deductible for income tax purposes. T otal revenues and net loss that would have been recorded if the transaction had occurred at the beginning of the year are $1.1 billion and $83 million, respectively. On May 31, 2022, a subsidiary of the company, alongside institutional partners, acquired a 100% interest in La Trobe Financial Services Pty Limited (“La Trobe”), an Australian non-bank residential mortgage lender. The total consideration paid for the business was $1.1 billion , funded with debt, equity, non-cash and contingent consideration. Goodwill of $392 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 $402 million and $90 million, respectively. On July 6, 2022, a subsidiary of the company, alongside institutional partners, acquired a 100% interest in CDK Global, Inc. (“CDK Global”), a provider of technology services and software solutions to automotive dealers. The total consideration paid for the business was $8.3 billion, funded with debt and equity. Goodwill of $4.6 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 $1.8 billion and $338 million, respectively. Real Estate A subsidiary of the company, alongside institutional partners, acquired a 95% interest in a German office portfolio. The transaction was acquired in stages and was accounted for as a business combination as of the date in which control was attained on January 11, 2022. The total consideration paid for the portfolio was $2.0 billion, comprising of $188 million of debt and an existing 46% interest valued at $1.8 billion. Goodwill of $453 million 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 if the transaction had occurred at the beginning of the year are $238 million and $17 million, respectively. On June 15, 2022, a subsidiary of the company, alongside institutional partners, acquired a 100% interest in a real estate investment trust comprised of primarily office properties in Ireland. The total consideration paid for the business was $1.1 billion. Goodwill of $3 million was recognized. Total revenues and net loss that would have been recorded if the transaction had occurred at the beginning of the year are $61 million and $49 million, respectively. On October 21, 2022, a subsidiary of the company, alongside institutional partners, acquired a 100% interest in Watermark Lodging Trust. The total consideration paid for the portfolio was $3.1 billion. No goodwill was recognized on acquisition. Total revenues and net income that would have been recorded if the transaction had occurred at the beginning of the year are $760 million and $5 million, respectively. Renewable Power and Transition On January 24, 2022, a subsidiary of the company, alongside institutional partners, completed the acquisition of 100% of a utility scale development business in the U.S. The total consideration paid for the portfolio was $760 million. Goodwill of $287 million 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 $11 million and $68 million, respectively. On December 16, 2022, a subsidiary of the company, alongside institutional partners, completed the acquisition of 100% of a renewable developer in the U.S. The total consideration paid for the business was $1.1 billion. Goodwill of $9 million 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 $82 million and $7 million, respectively. b) 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 . No material changes were made to those allocations disclosed in the 2021 consolidated financial statements: (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 in 2021 If the acquisitions had occurred at the beginning of 2021 , they would have contributed $8.6 billion and $351 million to total revenue and net income, respectively. The following table summarizes the balance sheet impact as a result of significant business combinations that occurred in 2021 . No material changes were made to those allocations disclosed in the 2021 consolidated financial statements. 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 2021 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 2021 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 2021 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 2021 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 Brookfield Strategic Real Estate Partners 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 2021 are $34 million and $86 million, respectively. Renewable Powder 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 2021 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 2021 are $79 million and $6 million, respectively.

FAIR VALUE OF FINANCIAL INSTRUM

FAIR VALUE OF FINANCIAL INSTRUMENTS	12 Months Ended
FAIR VALUE OF FINANCIAL INSTRUMENTS	Dec. 31, 2022
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, 2022 and 2021: AS AT DEC. 31, 2022 (MILLIONS) Fair Value Through Fair Value Through OCI Amortized Cost Total Financial assets 1 Cash and cash equivalents $ — $ — $ 14,396 $ 14,396 Other financial assets Government bonds — 1,566 — 1,566 Corporate bonds 426 1,717 4 2,147 Fixed income securities and other 4,170 1,798 2,794 8,762 Common shares and warrants 4,953 1,519 — 6,472 Loans and notes receivable 53 — 7,899 7,952 9,602 6,600 10,697 26,899 Accounts receivable and other 2 3,749 — 16,131 19,880 $ 13,351 $ 6,600 $ 41,224 $ 61,175 Financial liabilities Corporate borrowings $ — $ — $ 11,390 $ 11,390 Non-recourse borrowings of managed entities Property-specific borrowings — — 187,544 187,544 Subsidiary borrowings — — 15,140 15,140 — — 202,684 202,684 Accounts payable and other 2 6,895 41,664 48,559 Subsidiary equity obligations 1,114 — 3,074 4,188 $ 8,009 $ — $ 258,812 $ 266,821 1. Financial assets include $14.0 billion of assets pledged as collateral. 2. Includes derivative instruments which are elected for hedge accounting, totaling $3.0 billion included in accounts receivable and other and $2.1 billion included in accounts payable and other, for which changes in fair value are recorded in other comprehensive income. 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 — — 152,181 152,181 Subsidiary borrowings — — 12,876 12,876 — — 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. 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, 2022, the unrealized gains and losses relating to the fair value of FVTOCI securities amounted to $78 million (2021 – $996 million) and $1.1 billion (2021 – $213 million), respectively. During the year ended December 31, 2022, net deferred income of $10 million (2021 – $1 million) previously recognized in accumulated other comprehensive income was 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 $12.0 billion (2021 – $10.8 billion) and short-term deposits of $2.4 billion (2021 – $1.9 billion) as at December 31, 2022. b) Carrying and Fair Value The following table lists the company’s financial instruments by their respective classification as at December 31, 2022 and 2021: 2022 2021 AS AT DEC. 31 (MILLIONS) Carrying Fair Carrying Fair Financial assets Cash and cash equivalents $ 14,396 $ 14,396 $ 12,694 $ 12,694 Other financial assets Government bonds 1,566 1,566 2,020 2,020 Corporate bonds 2,147 2,147 2,521 2,521 Fixed income securities and other 8,762 8,762 3,241 3,241 Common shares and warrants 6,472 6,472 5,927 5,927 Loans and notes receivable 7,952 7,952 2,837 2,837 26,899 26,899 16,546 16,546 Accounts receivable and other 19,880 19,880 15,318 15,318 $ 61,175 $ 61,175 $ 44,558 $ 44,558 Financial liabilities Corporate borrowings $ 11,390 $ 9,599 $ 10,875 $ 11,993 Non-recourse borrowings of managed entities Property-specific borrowings 187,544 184,254 152,181 153,844 Subsidiary borrowings 15,140 14,708 12,876 13,415 202,684 198,962 165,057 167,259 Accounts payable and other 48,559 48,559 43,504 43,504 Subsidiary equity obligations 4,188 4,188 4,308 4,308 $ 266,821 $ 261,308 $ 223,744 $ 227,064 The current and non-current balances of other financial assets are as follows: AS AT DEC. 31 (MILLIONS) 2022 2021 Current $ 7,565 $ 6,963 Non-current 19,334 9,583 Total $ 26,899 $ 16,546 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: 2022 2021 AS AT DEC. 31 (MILLIONS) Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Financial assets Other financial assets Government bonds $ 91 $ 1,475 $ — $ 48 $ 1,972 $ — Corporate bonds 65 1,754 324 85 2,050 383 Fixed income securities and other 493 2,099 3,376 762 1,908 451 Common shares and warrants 3,975 377 2,120 4,063 548 1,316 Loans and notes receivables 22 26 5 — — 5 4,646 5,731 5,825 4,958 6,478 2,155 Accounts receivable and other 12 3,731 6 3 2,265 77 $ 4,658 $ 9,462 $ 5,831 $ 4,961 $ 8,743 $ 2,232 Financial liabilities Accounts payable and other $ 7 $ 4,469 $ 2,419 $ 29 $ 4,150 $ 1,311 Subsidiary equity obligations — 441 673 — 135 1,403 $ 7 $ 4,910 $ 3,092 $ 29 $ 4,285 $ 2,714 During the year ended December 31, 2022 there was a transfer of $460 million to Level 3 of the fair value hierarchy, reflecting a change in valuation technique to a discounted cash flow approach driven by assumptions concerning the amount and timing of estimated future cash flows and discount rates. No other transfers were made between Levels 1, 2, or 3 during the years ended December 31, 2022 and 2021. 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, 2022 Valuation Techniques and Key Inputs Other financial assets $ 5,731 Valuation models based on observable market data Derivative assets/Derivative liabilities (accounts receivable/accounts payable) 3,731 / (4,469) 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) (441) 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, 2022 Valuation Significant Relationship of Unobservable Corporate bonds $ 324 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 3,376 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 2,120 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) 6 / (2,419) 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) (673) 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, 2022 and 2021 : 2022 2021 AS AT AND FOR THE YEARS ENDED DEC. 31 (MILLIONS) Financial Financial Financial Financial Balance, beginning of year $ 2,232 $ 2,714 $ 2,369 $ 2,104 Fair value changes in net income 95 (394) 160 96 Fair value changes in other comprehensive income 1 (13) (3) (8) 94 Additions, net of disposals 3,517 775 (289) 420 Balance, end of year $ 5,831 $ 3,092 $ 2,232 $ 2,714 1. Includes foreign currency translation. The following table categorizes financial liabilities measured at amortized cost, but for which fair values are disclosed based upon the fair value hierarchy levels: 2022 2021 AS AT DEC. 31 (MILLIONS) Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Corporate borrowings $ 9,524 $ 75 $ — $ 11,906 $ 87 $ — Property-specific borrowings 6,742 87,764 89,748 12,163 65,234 76,620 Subsidiary borrowings 7,547 2,100 5,061 6,831 — 6,411 Subsidiary equity obligations — 689 2,385 — 544 2,226 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, 2022, pre-tax net unrealized gains of $2.1 billion (2021 – $582 million) were recorded in other comprehensive income for the effective portion of the cash flow hedges. As at December 31, 2022, there was an unrealized derivative liability balance of $1.6 billion relating to derivative contracts designated as cash flow hedges (2021 – $232 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, 2022, unrealized pre-tax net gains of $3.0 billion (2021 – $407 million) were recorded in other comprehensive income for the effective portion of hedges of net investments in foreign operations. As at December 31, 2022, there was an unrealized derivative liability balance of $756 million relating to derivative contracts designated as net investment hedges (2021 – $163 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) 2022 2021 2022 2021 Gross amounts of financial instruments before netting $ 4,638 $ 4,814 $ 4,703 $ 5,037 Gross amounts of financial instruments set-off in the Consolidated Balance Sheets (889) (2,469) (861) (2,452) Net amounts of financial instruments in the Consolidated Balance Sheets $ 3,749 $ 2,345 $ 3,842 $ 2,585

ACCOUNTS RECEIVABLE AND OTHER

ACCOUNTS RECEIVABLE AND OTHER	12 Months Ended
ACCOUNTS RECEIVABLE AND OTHER	Dec. 31, 2022
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 2022 2021 Accounts receivable (a) $ 14,155 $ 11,332 Prepaid expenses and other assets 10,557 8,162 Restricted cash (b) 2,666 2,266 Total $ 27,378 $ 21,760 The current and non-current balances of accounts receivable and other are as follows: AS AT DEC. 31 (MILLIONS) 2022 2021 Current $ 19,489 $ 16,098 Non-current 7,889 5,662 Total $ 27,378 $ 21,760 a) Accounts Receivable Accounts receivable includes contract assets of $703 million (2021 – $651 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.

INVENTORY

INVENTORY	12 Months Ended
INVENTORY	Dec. 31, 2022
Inventories [Abstract]
Disclosure of inventories [text block]	INVENTORY The following table presents the components of inventory: AS AT DEC. 31 (MILLIONS) 2022 2021 Residential properties under development $ 1,558 $ 2,135 Land held for development 1,895 1,802 Completed residential properties 2,342 1,869 Industrial products 2,911 3,113 Other 1 4,137 2,496 Total $ 12,843 $ 11,415 1. As at December 31, 2022, the significant components of other inventory are fuel inventory of $850 million and logistics buildings of $575 million. As at December 31, 2021, the significant components of other inventory were fuel inventory of $731 million and office developments of $213 million. The current and non-current balances of inventory are as follows: AS AT DEC. 31 (MILLIONS) 2022 2021 Current $ 9,108 $ 8,557 Non-current 3,735 2,858 Total $ 12,843 $ 11,415 During the year ended December 31, 2022, the company recognized $44.1 billion of inventory relating to cost of goods sold (2021 – $35.7 billion) and a $110 million expense for impaired inventory (2021 – $96 million). The carrying amount of inventory pledged as collateral as at December 31, 2022 was $7.1 billion (2021 – $6.8 billion).

HELD FOR SALE

HELD FOR SALE	12 Months Ended
HELD FOR SALE	Dec. 31, 2022
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, 2022 and 2021: AS AT DEC. 31 (MILLIONS) Real Estate Renewable Power and Transition Infrastructure Private Equity and Other 2022 Total 2021 Total Assets Cash and cash equivalents $ — $ 9 $ 37 $ — $ 46 $ 213 Accounts receivable and other 2 12 33 107 154 298 Equity accounted investments 277 — 138 (8) 407 276 Investment properties 388 — — — 388 9,053 Property, plant and equipment 6 910 4 107 1,027 1,874 Intangible assets — — 582 130 712 — Goodwill — — 21 11 32 220 Other long-term assets 14 6 41 — 61 — Deferred income tax assets — — — 3 3 24 Assets classified as held for sale $ 687 $ 937 $ 856 $ 350 $ 2,830 $ 11,958 Liabilities Accounts payable and other $ 4 $ 181 $ 81 $ 38 $ 304 $ 139 Non-recourse borrowings of managed entities — 171 394 4 569 3,009 Deferred income tax liabilities — — 3 — 3 — Liabilities associated with assets classified as held for sale $ 4 $ 352 $ 478 $ 42 $ 876 $ 3,148 As at December 31, 2022, assets held for sale within our Real Estate segment include three malls in the U.S., two hospitality assets in the U.S., and one office asset in the U.S. Assets held for sale within our Renewable Power segment include a 378 MW operating hydroelectric portfolio in the U.S., as well as wind assets in the U.S. that were acquired as part of the acquisition of a renewables developer. Assets held for sale within our Infrastructure segment include the agreement to sell our Indian toll road operations, as well as the agreement from one of our subsidiaries to sell its 50% interest in a freeland port in Victoria, Australia.

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT	12 Months Ended
PROPERTY, PLANT AND EQUIPMENT	Dec. 31, 2022
Property, plant and equipment [abstract]
PROPERTY, PLANT AND EQUIPMENT	PROPERTY, PLANT AND EQUIPMENT The company’s PP&E 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) 2022 2021 2022 2021 2022 2021 2022 2021 2022 2021 Costs $ 34,483 $ 30,588 $ 39,440 $ 39,769 $ 15,367 $ 11,568 $ 23,024 $ 21,083 $ 112,314 $ 103,008 Accumulated fair value changes 30,726 28,138 3,251 3,077 1,794 881 (841) (1,022) 34,930 31,074 Accumulated depreciation (9,966) (8,409) (5,398) (4,191) (1,799) (1,481) (5,813) (4,512) (22,976) (18,593) Total 1 $ 55,243 $ 50,317 $ 37,293 $ 38,655 $ 15,362 $ 10,968 $ 16,370 $ 15,549 $ 124,268 $ 115,489 1. As at December 31, 2022, the total includes $5.6 billion (2021 – $5.8 billion) of PP&E leased to third parties as operating leases. Our ROU PP&E assets include $435 million (2021 – $415 million) in our Renewable Power and Transition segment, $3.5 billion (2021 – $4.0 billion) in our Infrastructure segment, $1.0 billion (2021 – $986 million) in our Real Estate segment, and $1.7 billion (2021 – $1.6 billion) in our Private Equity and other segments, totaling $6.6 billion (2021 – $7.0 billion) of ROU assets. Renewable Power and Transition, Infrastructure and Real Estate segments primarily carry PP&E 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. The carrying amount that would have been recognized had our assets been accounted for under the cost model is $75.4 billion (2021 – $72.0 billion). Private Equity and other segments carry PP&E assets at amortized cost. As at December 31, 2022 , $88.2 billion ( 2021 – $66.2 billion) of PP&E, at cost, were pledged as collateral for the property debt at their respective properties. a) Renewable Power and Transition Our renewable power and transition PP&E consists of the following: Hydroelectric Wind Solar and Other Total AS AT AND FOR THE YEARS ENDED DEC. 31 (MILLIONS) 2022 2021 2022 2021 2022 2021 2022 2021 Cost, beginning of year $ 13,871 $ 13,899 $ 9,033 $ 8,398 $ 7,684 $ 6,541 $ 30,588 $ 28,838 Additions, net of disposals and assets reclassified as held for sale (542) 734 950 (907) 1,267 648 1,675 475 Acquisitions through business combinations — — 1,765 1,643 1,321 723 3,086 2,366 Foreign currency translation (849) (762) 156 (101) (173) (228) (866) (1,091) Cost, end of year 12,480 13,871 11,904 9,033 10,099 7,684 34,483 30,588 Accumulated fair value changes, beginning of year 23,973 19,865 2,461 2,908 1,704 1,465 28,138 24,238 Fair value changes 2,681 4,581 1,060 (44) 162 282 3,903 4,819 Dispositions and assets reclassified as held for sale — — (135) (354) — — (135) (354) Foreign currency translation (1,012) (473) (133) (49) (35) (43) (1,180) (565) Accumulated fair value changes, end of year 25,642 23,973 3,253 2,461 1,831 1,704 30,726 28,138 Accumulated depreciation, beginning of year (5,151) (4,731) (2,086) (2,293) (1,172) (846) (8,409) (7,870) Depreciation expenses (624) (556) (557) (599) (413) (355) (1,594) (1,510) Dispositions and assets reclassified as held for sale 86 22 4 792 7 1 97 815 Foreign currency translation 125 114 (222) 14 37 28 (60) 156 Accumulated depreciation, end of year (5,564) (5,151) (2,861) (2,086) (1,541) (1,172) (9,966) (8,409) Balance, end of year $ 32,558 $ 32,693 $ 12,296 $ 9,408 $ 10,389 $ 8,216 $ 55,243 $ 50,317 The following table presents our renewable power and transition PP&E measured at fair value by geography: AS AT DEC. 31 (MILLIONS) 2022 2021 North America $ 37,016 $ 32,629 Colombia 8,264 8,497 Brazil 4,708 3,547 Europe 3,396 3,935 Other 1 1,859 1,709 $ 55,243 $ 50,317 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, 2022. 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 • Terminal year • Increases (decreases) in the terminal year decrease (increase) fair value • Increases (decreases) in the terminal year 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 2022 and 2021 are summarized below. North America Brazil Colombia Europe AS AT DEC. 31 2022 2021 2022 2021 2022 2021 2022 2021 Discount rate Contracted 4.9 – 5.4% 4.1 – 4.4% 8.2 % 7.2 % 8.5 % 7.9 % 4.4 % 3.9 % Uncontracted 6.2 – 6.7% 5.4 – 5.6% 9.5 % 8.5 % 9.7 % 9.2 % 4.4 % 3.9 % Terminal capitalization rate 1 4.3 – 4.9% 4.8 – 5.1% n/a n/a 7.7 % 8.0 % n/a n/a Terminal year 2044 2042 2051 2048 2042 2041 2036 2036 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, 2022, which includes a one-time 30-year renewal for applicable hydroelectric assets completed in the current year, is 35 years (2021 – 31 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, 2022 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$/MWh) 54 % 16 % 88 74 93 135 Brazil (prices in R$/MWh) 75 % 43 % 336 387 290 387 Colombia (prices in COP$/MWh) 32 % 2 % 293 352 376 554 Europe (prices in €/MWh) 90 % 65 % 72 66 62 74 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 2026 and 2035 (2021 – between 2025 and 2035), which will maintain system reliability and provide adequate levels of reserve generation. b) Infrastructure Our infrastructure PP&E consists of the following: Utilities Transport Midstream Data Sustainable Resources and Other Total AS AT AND FOR THE YEARS ENDED DEC. 31 (MILLIONS) 2022 2021 2022 2021 2022 2021 2022 2021 2022 2021 2022 2021 Cost, beginning of year $ 7,582 $ 9,306 $ 8,999 $ 8,698 $ 14,862 $ 4,321 $ 8,324 $ 8,593 $ 2 $ 294 $ 39,769 $ 31,212 Additions, net of disposals and assets reclassified as held for sale 345 (1,788) 642 312 780 511 561 (103) — (294) 2,328 (1,362) Acquisitions through business combinations 108 180 — 134 — 9,865 53 — — — 161 10,179 Foreign currency translation (743) (116) (356) (145) (963) 165 (754) (166) (2) 2 (2,818) (260) Cost, end of year 7,292 7,582 9,285 8,999 14,679 14,862 8,184 8,324 — 2 39,440 39,769 Accumulated fair value changes, beginning of year 1,626 2,917 1,045 1,047 408 338 — — (2) 324 3,077 4,626 Disposition and assets reclassified as held for sale — (1,399) — — — — — — — (244) — (1,643) Fair value changes 176 134 112 48 118 70 — — — (80) 406 172 Foreign currency translation (178) (26) (53) (50) (3) — — — 2 (2) (232) (78) Accumulated fair value changes, end of year 1,624 1,626 1,104 1,045 523 408 — — — (2) 3,251 3,077 Accumulated depreciation, beginning of year (1,272) (1,613) (1,668) (1,404) (622) (356) (629) (263) — (35) (4,191) (3,671) Depreciation expenses (326) (352) (468) (481) (418) (270) (384) (419) — (4) (1,596) (1,526) Dispositions and assets reclassified as held for sale 21 682 9 161 11 20 41 45 — 38 82 946 Foreign currency translation 121 11 87 56 47 (16) 52 8 — 1 307 60 Accumulated depreciation, end of year (1,456) (1,272) (2,040) (1,668) (982) (622) (920) (629) — — (5,398) (4,191) Balance, end of year $ 7,460 $ 7,936 $ 8,349 $ 8,376 $ 14,220 $ 14,648 $ 7,264 $ 7,695 $ — $ — $ 37,293 $ 38,655 Infrastructure’s PP&E assets are accounted for under the revaluation model, and the most recent date of revaluation was December 31, 2022. 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. Valuations utilize significant unobservable inputs (Level 3) when determining the fair value of infrastructure’s utilities, transport, midstream and data 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, and midstream assets at the end of 2022 and 2021 are summarized below. Utilities Transport Midstream AS AT DEC. 31 2022 2021 2022 2021 2022 2021 Discount rates 7 – 11% 7 – 11% 8 – 14% 7 – 14% 15% 15% Terminal capitalization multiples 18x 20x 9x – 15x 9x – 15x 10x 10x Investment horizon 10 – 20 10 – 20 10 10 5 – 10 5 – 10 c) Real Estate Cost Accumulated Fair Value Changes Accumulated Depreciation Total AS AT AND FOR THE YEARS ENDED DEC. 31 (MILLIONS) 2022 2021 2022 2021 2022 2021 2022 2021 Balance, beginning of year $ 11,568 $ 9,420 $ 881 $ 393 $ (1,481) $ (1,274) $ 10,968 $ 8,539 Changes in basis of accounting 11 (38) 1 8 31 1 43 (29) Additions/(dispositions) 1 , net of assets reclassified as held for sale 1,202 207 28 (657) 59 268 1,289 (182) Acquisitions through business combinations 3,224 2,172 — — — — 3,224 2,172 Foreign currency translation (638) (193) (35) (2) 115 37 (558) (158) Fair value changes — — 1,039 1,113 — — 1,039 1,113 Depreciation expenses — — — — (523) (513) (523) (513) Impairment charges — — (120) 26 — — (120) 26 Balance, end of year $ 15,367 $ 11,568 $ 1,794 $ 881 $ (1,799) $ (1,481) $ 15,362 $ 10,968 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, 2022. 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 primarily 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) 2022 2021 2022 2021 2022 2021 2022 2021 Balance, beginning of year $ 21,083 $ 18,601 $ (1,022) $ (873) $ (4,512) $ (3,631) $ 15,549 $ 14,097 Changes in basis of accounting (37) (820) (8) (3) 5 301 (40) (522) Additions/(dispositions) 1 , net of assets reclassified as held for sale 1,443 1,120 41 97 372 271 1,856 1,488 Acquisitions through business combinations 1,502 2,518 — — — — 1,502 2,518 Foreign currency translation (967) (336) 11 (3) 170 34 (786) (305) Depreciation expenses — — — — (1,848) (1,501) (1,848) (1,501) Impairment charges — — 137 (240) — 14 137 (226) Balance, end of year $ 23,024 $ 21,083 $ (841) $ (1,022) $ (5,813) $ (4,512) $ 16,370 $ 15,549 1. For accumulated depreciation, (additions)/dispositions.

INTANGIBLE ASSETS

INTANGIBLE ASSETS	12 Months Ended
INTANGIBLE ASSETS	Dec. 31, 2022
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) 2022 2021 2022 2021 2022 2021 Balance, beginning of year $ 34,810 $ 27,946 $ (4,201) $ (3,288) $ 30,609 $ 24,658 Additions 746 251 — — 746 251 Disposals 1 (2,434) (972) 259 383 (2,175) (589) Acquisitions through business combinations 12,011 8,639 2 — 12,013 8,639 Amortization — — (2,138) (1,477) (2,138) (1,477) Foreign currency translation (724) (1,054) 80 181 (644) (873) Balance, end of year $ 44,409 $ 34,810 $ (5,998) $ (4,201) $ 38,411 $ 30,609 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 2022 2021 Private Equity (a) $ 25,032 $ 14,806 Infrastructure (b) 11,822 14,214 Real Estate (c) 1,202 1,226 Renewable Power and Transition and other 355 363 $ 38,411 $ 30,609 a) Private Equity The intangible assets in our Private Equity segment are primarily related to: • Customer relationships of $13.8 billion (2021 – $7.5 billion), which increased from the prior year primarily due to the acquisitions of nuclear technology services operations, modular building leasing services operations, lottery services operations, advanced energy storage operations, dealer software and technology services operations and engineered components manufacturing operations. The customer relationships acquired have a useful life of 6 to 30 years . • Computer software and proprietary technology of $3.7 billion (2021 – $3.0 billion), which increased from the prior year mainly due to acquisitions completed in 2022. The proprietary technology pertains to the combination of processes, tools, techniques and developed systems for exclusive use and benefit within the operations and has a useful life of 10 to 20 years . • Water and sewage concession agreements, the majority of which are arrangements with municipal governments across Brazil, of $2.1 billion (2021 – $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 various grantors. • Brands and trademarks of $3.3 billion (2021 – $1.9 billion), which increased from the prior year mainly due to the acquisition of the aforementioned nuclear technology services operations, dealer software and technology services operations, modular building leasing services operations, advanced energy storage operations, engineered components manufacturing operations, fleet management and car rental services, and lottery services operations, have a useful life of 11 to 40 years. b) Infrastructure The intangible assets in our Infrastructure segment are primarily related to: • Concession arrangements of $2.8 billion (2021 – $2.6 billion) at our Brazilian regulated transmission operation that provide the right to charge a tariff over the term of the agreements. On April 8, 2021, new legislation was passed in Brazil which extended these finite authorizations in perpetuity. These assets are amortized on a straight-line basis of the underlying infrastructure. • Customer relationships and shipping agreements of $2.2 billion (2021 – $2.5 billion) 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 $1.6 billion (2021 – $1.7 billion) at our North American rail operations. These intangible assets include long-term leases. • Concession arrangements totaling $1.0 billion (2021 – $1.6 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 2021 is primarily due to the disposition of our Indian toll roads. The Peruvian concessions have a useful life of 21 years. The company uses these expiration dates as a basis for determining the assets’ remaining useful lives. • Contractual customer relationships, customer contracts and proprietary technology of $1.3 billion (2021 – $1.3 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 $867 million ( 2021 – $899 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. 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 • Investment horizon • Increases (decreases) in the investment horizon decrease (increase) the recoverable amount • 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

GOODWILL

GOODWILL	12 Months Ended
GOODWILL	Dec. 31, 2022
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) 2022 2021 2022 2021 2022 2021 Balance, beginning of year $ 21,216 $ 15,539 $ (989) $ (825) $ 20,227 $ 14,714 Acquisitions through business combinations 9,581 6,591 — — 9,581 6,591 Impairment losses — — (121) (177) (121) (177) Foreign currency translation and other 1 (1,030) (914) 5 13 (1,025) (901) Balance, end of year $ 29,767 $ 21,216 $ (1,105) $ (989) $ 28,662 $ 20,227 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 2022 2021 Private Equity (a) $ 16,264 $ 8,657 Infrastructure (b) 8,789 8,979 Real Estate (c) 1,756 1,264 Renewable Power and Transition (d) 1,500 966 Asset Management 353 361 Total $ 28,662 $ 20,227 a) Private Equity Goodwill in our Private Equity segment increased from the prior year largely due to the acquisitions of a dealer software and technology services operations and a lottery services operations. These acquisitions were partially offset by the adverse impact of foreign currency translation and an impairment loss in our offshore oil services operations. The most significant assumptions used in this determination are discount rates and perpetuity growth rates which individually range from 7.8% to 13.1%, and 0.8% to 3.3%, respectively. These assumptions and inputs are forecasted over a period of 5 years except for specific cases. b) Infrastructure Goodwill in our Infrastructure segment decreased from the prior year primarily due to foreign currency translation and other, partially offset by goodwill from acquisitions completed in 2022 attributable to our Indian telecommunications business, North American residential infrastructure business and U.K. telecom tower portfolio. 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 8x – 20x and cash flow periods from 6 – 19 years. The recoverable amounts for the years ended 2022 and 2021 were determined to be in excess of their carrying values. c) Real Estate Goodwill in our Real Estate segment is primarily attributable to Center Parcs U.K. and IFC Seoul. The increase for the year is largely due to acquisition of our German office portfolio and reclassification of certain real estate assets from assets held for sale into commercial properties. The recoverable amounts for the years ended 2022 and 2021 were determined to be in excess of their carrying values. The valuation assumptions used to determine the recoverable amount for Center Parcs U.K. were a discount rate of 10.3% based on a market-based-weighted-average cost of capital, terminal capitalization rate of 6.2% and a long-term growth rate of 3.0%. d) Renewable Power and Transition Goodwill in our Renewable Power and Transition segment is primarily attributable to a hydroelectric portfolio and the distributed generation and utility-scale solar portfolios. The increase in goodwill is due to acquisitions completed during the year. The goodwill on the 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. For the remaining goodwill balance, the recoverable amounts for the years ended 2022 and 2021 were determined to be in excess of their carrying values. The key inputs are discount rates ranging from 9% to 15%, terminal capitalization rate of 3x to 5x, cashflow periods from 4 to 5 years and future leverage assumptions of the operating segment. 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 • Investment horizon/terminal year of cash flows • Increases (decreases) in the investment horizon/terminal year of cash flows decrease (increase) the recoverable amount • Increases (decreases) in the investment horizon/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, 2022
Income Taxes [Abstract]
INCOME TAXES	INCOME TAXES The major components of income tax expense for the years ended December 31, 2022 and 2021 are set out below: FOR THE YEARS ENDED DEC. 31 (MILLIONS) 2022 2021 Current income tax expense $ 1,278 $ 1,114 Deferred income tax expense / (recovery) Origination and reversal of temporary differences 690 1,044 Recovery arising from previously unrecognized tax assets (447) (251) Change of tax rates and new legislation (52) 417 Total deferred income tax expense 191 1,210 Income tax expense $ 1,469 $ 2,324 The company’s Canadian domestic statutory income tax rate has remained consistent at 26% throughout both of 2022 and 2021. 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 2022 2021 Statutory income tax rate 26 % 26 % (Reduction) increase in rate resulting from: Change in tax rates and new legislation (1) 3 International operations subject to different tax rates 3 (1) Taxable income attributable to non-controlling interests (3) (10) Portion of gains subject to different tax rates (2) (3) Recognition of deferred tax assets (6) (2) Non-recognition of the benefit of current year’s tax losses 3 2 Other 2 1 Effective income tax rate 22 % 16 % Deferred income tax assets and liabilities as at December 31, 2022 and 2021 relate to the following: AS AT DEC. 31 (MILLIONS) 2022 2021 Non-capital losses (Canada) $ 1,666 $ 1,339 Capital losses (Canada) 77 53 Losses (U.S.) 3,959 3,561 Losses (International) 1,814 1,474 Difference in basis (27,303) (23,415) Total net deferred tax liabilities $ (19,787) $ (16,988) The aggregate amount of temporary differences associated with investments in subsidiaries for which deferred tax liabilities have not been recognized as at December 31, 2022 is approximately $9 billion (2021 – approximately $9 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) 2022 2021 One year from reporting date $ 29 $ 8 Two years from reporting date 11 30 Three years from reporting date 12 15 After three years from reporting date 672 487 Do not expire 1,833 1,891 Total $ 2,557 $ 2,431 The components of the income taxes in other comprehensive income for the years ended December 31, 2022 and 2021 are set out below: FOR THE YEARS ENDED DEC. 31 (MILLIONS) 2022 2021 Revaluation of property, plant and equipment $ 1,187 $ 1,549 Financial contracts and power sale agreements 315 89 Fair value through OCI securities (127) 83 Foreign currency translation 87 (21) Revaluation of pension obligation 61 71 Total deferred tax in other comprehensive income $ 1,523 $ 1,771

CORPORATE BORROWINGS

CORPORATE BORROWINGS	12 Months Ended
CORPORATE BORROWINGS	Dec. 31, 2022
Disclosure of financial liabilities [abstract]
CORPORATE BORROWINGS	CORPORATE BORROWINGS AS AT DEC. 31 (MILLIONS) Maturity Annual Rate Currency 2022 2021 Term debt Public – Canadian Mar. 8, 2024 5.04 % C$ $ 369 $ 396 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$ 632 679 Public – U.S. Jun. 2, 2026 4.25 % US$ 497 497 Public – Canadian Mar. 16, 2027 3.80 % C$ 369 396 Public – U.S. Jan. 25, 2028 3.90 % US$ 1,073 649 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$ 500 500 Public – U.S. Jan. 30, 2032 2.34 % US$ 600 600 Public – Canadian Dec. 14, 2032 5.43 % C$ 738 — Public – U.S. Mar. 1, 2033 7.38 % US$ 250 250 Public – Canadian Jun. 14, 2035 5.95 % C$ 312 334 Private – Japanese Dec. 1, 2038 1.42 % JPY 76 87 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$ 758 758 Public – U.S. Feb. 15, 2052 3.63 % US$ 400 — Public – U.S. Oct. 16, 2080 4.63 % US$ 400 400 11,467 10,039 Revolving facilities 1 — 912 Deferred financing costs 2 (77) (76) Total $ 11,390 $ 10,875 1. Reflects commercial paper and credit facility draws outstanding as at December 31, 2022. 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% (2021 – 4.2%). A portion of corporate borrowings are denominated in foreign currencies, which include C$3.3 billion (2021 – C$2.3 billion) payable in Canadian dollars or $2.4 billion (2021 – $1.8 billion) and ¥10 billion (2021 – ¥10 billion) payable in Japanese Yen or $76 million (2021 – $87 million). AS AT DEC. 31 (MILLIONS) Note 2022 2021 Subsidiary borrowings (a) $ 15,140 $ 12,876 Property-specific borrowings (b) 187,544 152,181 Total $ 202,684 $ 165,057 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 Total 2023 $ 725 $ 249 $ 464 $ 31 $ 1,469 2024 826 — 517 45 1,388 2025 369 295 — 51 715 2026 369 — — 369 2027 3,412 369 428 2,100 6,309 Thereafter 1,034 1,642 2,279 — 4,955 Total Principal repayments 6,735 2,555 3,688 2,227 15,205 Deferred financing costs and other (33) (9) (22) (1) (65) Total – Dec. 31, 2022 $ 6,702 $ 2,546 $ 3,666 $ 2,226 $ 15,140 Total – Dec. 31, 2021 $ 6,265 $ 2,147 $ 2,719 $ 1,745 $ 12,876 The weighted-average interest rate on subsidiary borrowings as at December 31, 2022 was 5.2% (2021 – 3.5%). The current and non-current balances of subsidiary borrowings are as follows: AS AT DEC. 31 (MILLIONS) 2022 2021 Current $ 1,469 $ 635 Non-current 13,671 12,241 Total $ 15,140 $ 12,876 Subsidiary borrowings by currency include the following: AS AT DEC. 31 (MILLIONS) 2022 Local Currency 2021 Local Currency U.S. dollars $ 7,850 US$ 7,850 6,362 US$ 6,362 Canadian dollars 7,217 C$ 9,776 6,429 C$ 8,130 Brazilian reais 73 Rs 381 85 Rs 472 Total $ 15,140 $ 12,876 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 Total 2023 $ 31,016 $ 2,092 $ 4,446 $ 4,274 $ 41,828 2024 20,400 3,657 3,048 7,933 35,038 2025 12,025 1,458 3,153 5,513 22,149 2026 6,228 2,089 4,877 9,104 22,298 2027 7,802 1,168 2,942 3,628 15,540 Thereafter 9,090 12,401 11,793 19,247 52,531 Total Principal repayments 86,561 22,865 30,259 49,699 189,384 Deferred financing costs and other (511) (39) (378) (912) (1,840) Total – Dec. 31, 2022 $ 86,050 $ 22,826 $ 29,881 $ 48,787 $ 187,544 Total – Dec. 31, 2021 $ 75,807 $ 19,893 $ 28,515 $ 27,966 $ 152,181 The weighted-average interest rate on property-specific borrowings as at December 31, 2022 was 6.4% (2021 – 4.0%). The current and non-current balances of property-specific borrowings are as follows: AS AT DEC. 31 (MILLIONS) 2022 2021 Current $ 41,828 $ 31,244 Non-current 145,716 120,937 Total $ 187,544 $ 152,181 Property-specific borrowings by currency include the following: AS AT DEC. 31 (MILLIONS) 2022 Local Currency 2021 Local Currency U.S. dollars $ 109,555 US$ 109,555 $ 86,610 US$ 86,610 British pounds 10,660 £ 8,823 12,446 £ 9,197 Indian rupees 7,653 Rs 632,457 8,223 Rs 613,684 Canadian dollars 15,938 C$ 21,590 16,660 C$ 21,054 Euros 20,316 € 18,986 12,722 € 11,204 Australian dollars 8,650 A$ 12,696 4,392 A$ 6,048 Brazilian reais 7,572 R$ 39,500 4,919 R$ 27,449 Colombian pesos 2,524 COP$ 12,157,354 2,367 COP$ 9,480,307 Korean won 1,822 ₩ 2,296,121 1,910 ₩ 2,271,074 Other currencies 2,854 Various n/a 1,932 Various n/a Total $ 187,544 $ 152,181

ACCOUNTS PAYABLE AND OTHER

ACCOUNTS PAYABLE AND OTHER	12 Months Ended
ACCOUNTS PAYABLE AND OTHER	Dec. 31, 2022
Subclassifications of assets, liabilities and equities [abstract]
ACCOUNTS PAYABLE AND OTHER	ACCOUNTS PAYABLE AND OTHER AS AT DEC. 31 (MILLIONS) 2022 2021 Accounts payable $ 12,743 $ 11,258 Provisions 3,591 4,244 Lease liabilities 8,506 9,041 Other liabilities 32,225 28,003 Total $ 57,065 $ 52,546 The current and non-current balances of accounts payable, provisions and other liabilities are as follows: AS AT DEC. 31 (MILLIONS) 2022 2021 Current $ 33,574 $ 29,136 Non-current 23,491 23,410 Total $ 57,065 $ 52,546 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 $308 million (2021 – $545 million). The discount rate used was 5% (2021 – 3%) with an increase in the rate of compensation of 1% (2021 – 1%), and an investment rate of 4% (2021 – 4%). AS AT DEC. 31 (MILLIONS) 2022 2021 Plan assets $ 2,560 $ 3,503 Less accrued benefit obligation: Defined benefit pension plan (3,141) (4,352) Other post-employment benefits (128) (163) Net liability (709) (1,012) Less: net actuarial losses and other (11) (29) Accrued benefit liability $ (720) $ (1,041)

NON-RECOURSE BORROWINGS

NON-RECOURSE BORROWINGS	12 Months Ended
NON-RECOURSE BORROWINGS	Dec. 31, 2022
Disclosure of financial liabilities [abstract]
NON-RECOURSE BORROWINGS	CORPORATE BORROWINGS AS AT DEC. 31 (MILLIONS) Maturity Annual Rate Currency 2022 2021 Term debt Public – Canadian Mar. 8, 2024 5.04 % C$ $ 369 $ 396 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$ 632 679 Public – U.S. Jun. 2, 2026 4.25 % US$ 497 497 Public – Canadian Mar. 16, 2027 3.80 % C$ 369 396 Public – U.S. Jan. 25, 2028 3.90 % US$ 1,073 649 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$ 500 500 Public – U.S. Jan. 30, 2032 2.34 % US$ 600 600 Public – Canadian Dec. 14, 2032 5.43 % C$ 738 — Public – U.S. Mar. 1, 2033 7.38 % US$ 250 250 Public – Canadian Jun. 14, 2035 5.95 % C$ 312 334 Private – Japanese Dec. 1, 2038 1.42 % JPY 76 87 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$ 758 758 Public – U.S. Feb. 15, 2052 3.63 % US$ 400 — Public – U.S. Oct. 16, 2080 4.63 % US$ 400 400 11,467 10,039 Revolving facilities 1 — 912 Deferred financing costs 2 (77) (76) Total $ 11,390 $ 10,875 1. Reflects commercial paper and credit facility draws outstanding as at December 31, 2022. 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% (2021 – 4.2%). A portion of corporate borrowings are denominated in foreign currencies, which include C$3.3 billion (2021 – C$2.3 billion) payable in Canadian dollars or $2.4 billion (2021 – $1.8 billion) and ¥10 billion (2021 – ¥10 billion) payable in Japanese Yen or $76 million (2021 – $87 million). AS AT DEC. 31 (MILLIONS) Note 2022 2021 Subsidiary borrowings (a) $ 15,140 $ 12,876 Property-specific borrowings (b) 187,544 152,181 Total $ 202,684 $ 165,057 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 Total 2023 $ 725 $ 249 $ 464 $ 31 $ 1,469 2024 826 — 517 45 1,388 2025 369 295 — 51 715 2026 369 — — 369 2027 3,412 369 428 2,100 6,309 Thereafter 1,034 1,642 2,279 — 4,955 Total Principal repayments 6,735 2,555 3,688 2,227 15,205 Deferred financing costs and other (33) (9) (22) (1) (65) Total – Dec. 31, 2022 $ 6,702 $ 2,546 $ 3,666 $ 2,226 $ 15,140 Total – Dec. 31, 2021 $ 6,265 $ 2,147 $ 2,719 $ 1,745 $ 12,876 The weighted-average interest rate on subsidiary borrowings as at December 31, 2022 was 5.2% (2021 – 3.5%). The current and non-current balances of subsidiary borrowings are as follows: AS AT DEC. 31 (MILLIONS) 2022 2021 Current $ 1,469 $ 635 Non-current 13,671 12,241 Total $ 15,140 $ 12,876 Subsidiary borrowings by currency include the following: AS AT DEC. 31 (MILLIONS) 2022 Local Currency 2021 Local Currency U.S. dollars $ 7,850 US$ 7,850 6,362 US$ 6,362 Canadian dollars 7,217 C$ 9,776 6,429 C$ 8,130 Brazilian reais 73 Rs 381 85 Rs 472 Total $ 15,140 $ 12,876 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 Total 2023 $ 31,016 $ 2,092 $ 4,446 $ 4,274 $ 41,828 2024 20,400 3,657 3,048 7,933 35,038 2025 12,025 1,458 3,153 5,513 22,149 2026 6,228 2,089 4,877 9,104 22,298 2027 7,802 1,168 2,942 3,628 15,540 Thereafter 9,090 12,401 11,793 19,247 52,531 Total Principal repayments 86,561 22,865 30,259 49,699 189,384 Deferred financing costs and other (511) (39) (378) (912) (1,840) Total – Dec. 31, 2022 $ 86,050 $ 22,826 $ 29,881 $ 48,787 $ 187,544 Total – Dec. 31, 2021 $ 75,807 $ 19,893 $ 28,515 $ 27,966 $ 152,181 The weighted-average interest rate on property-specific borrowings as at December 31, 2022 was 6.4% (2021 – 4.0%). The current and non-current balances of property-specific borrowings are as follows: AS AT DEC. 31 (MILLIONS) 2022 2021 Current $ 41,828 $ 31,244 Non-current 145,716 120,937 Total $ 187,544 $ 152,181 Property-specific borrowings by currency include the following: AS AT DEC. 31 (MILLIONS) 2022 Local Currency 2021 Local Currency U.S. dollars $ 109,555 US$ 109,555 $ 86,610 US$ 86,610 British pounds 10,660 £ 8,823 12,446 £ 9,197 Indian rupees 7,653 Rs 632,457 8,223 Rs 613,684 Canadian dollars 15,938 C$ 21,590 16,660 C$ 21,054 Euros 20,316 € 18,986 12,722 € 11,204 Australian dollars 8,650 A$ 12,696 4,392 A$ 6,048 Brazilian reais 7,572 R$ 39,500 4,919 R$ 27,449 Colombian pesos 2,524 COP$ 12,157,354 2,367 COP$ 9,480,307 Korean won 1,822 ₩ 2,296,121 1,910 ₩ 2,271,074 Other currencies 2,854 Various n/a 1,932 Various n/a Total $ 187,544 $ 152,181

SUBSIDIARY PUBLIC ISSUERS AND F

SUBSIDIARY PUBLIC ISSUERS AND FINANCE SUBSIDIARY	12 Months Ended
SUBSIDIARY PUBLIC ISSUERS AND FINANCE SUBSIDIARY	Dec. 31, 2022
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 2022 2021 Brookfield Asset Management ULC (“BAM”) 3 British Columbia 25.0 % n/a Brookfield Renewable Partners L.P. (“BEP”) 4 Bermuda 51.7 % 51.7 % Brookfield Infrastructure Partners L.P. (“BIP”) 5 Bermuda 72.9 % 72.8 % Brookfield Business Partners L.P. (“BBU”) 6 Bermuda 34.8 % 35.6 % 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 and BBU 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 and BBU’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. On December 9, 2022, the company made a $2.4 billion special distribution of a 25% interest in Brookfield Asset Management ULC, our asset management business, which was previously wholly-owned by the company. 4. Ownership interest held by non-controlling interests represents the combined units not held in BEP and Brookfield Renewable Corporation (“BEPC”). 5. Ownership interest held by non-controlling interests represents the combined units not held in BIP and Brookfield Infrastructure Corporation (“BIPC”). 6. Ownership interest held by non-controlling interests represents the combined units not held in BBU and Brookfield Business Corporation (“BBUC”). The table below presents the exchanges on which the company’s subsidiaries with significant non-controlling interests were publicly listed as of December 31, 2022: 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) 2022 2021 BAM 1 $ 2,377 $ — BEP 21,651 19,355 BIP 23,030 23,695 BBU 16,026 10,197 BPG 2 29,321 28,115 Individually immaterial subsidiaries with non-controlling interests 5,733 7,024 $ 98,138 $ 88,386 1. On December 9, 2022, the company made a $2.4 billion special distribution of a 25% interest in Brookfield Asset Management ULC, our asset management business, which was previously wholly-owned by the company. 2. This balance represents non-controlling interests within the consolidated funds of BPG. All publicly listed subsidiaries 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: BAM 1 BEP BIP BBU BPG AS AT AND FOR THE YEARS ENDED DEC. 31 (MILLIONS) 2022 2021 2022 2021 2022 2021 2022 2021 2022 2021 Current assets $ 5,690 $ — $ 4,183 $ 2,889 $ 6,686 $ 4,896 $ 18,312 $ 15,418 $ 15,626 $ 25,866 Non-current assets 6,820 — 59,928 52,978 66,283 69,065 71,186 48,801 162,198 143,383 Current liabilities (2,093) — (4,943) (3,222) (8,377) (8,661) (16,954) (13,912) (41,653) (35,006) Non-current liabilities (915) — (32,882) (28,649) (39,038) (38,909) (54,079) (37,307) (74,982) (72,163) Non-controlling interests (2,377) — (21,651) (19,355) (23,030) (23,695) (16,026) (10,197) (29,321) (28,115) Equity attributable to Brookfield $ 7,125 $ — $ 4,635 $ 4,641 $ 2,524 $ 2,696 $ 2,439 $ 2,803 $ 31,868 $ 33,965 Revenues $ 3,375 $ — $ 4,711 $ 4,096 $ 14,427 $ 11,537 $ 57,545 $ 46,587 $ 13,835 $ 12,314 Net income (loss) attributable to: Non-controlling interests $ 442 $ — $ 327 $ 151 $ 1,350 $ 2,489 $ 275 $ 1,846 $ 2,639 $ 3,836 Shareholders 2,276 — (189) (217) 25 230 80 307 496 1,927 $ 2,718 $ — $ 138 $ (66) $ 1,375 $ 2,719 $ 355 $ 2,153 $ 3,135 $ 5,763 Other comprehensive income (loss) attributable to: Non-controlling interests $ (8) $ — $ 1,868 $ 1,835 $ 39 $ 197 $ (297) $ 218 $ 356 $ 857 Shareholders (24) — 622 931 109 63 (97) 65 13 451 $ (32) $ — $ 2,490 $ 2,766 $ 148 $ 260 $ (394) $ 283 $ 369 $ 1,308 1. On December 9, 2022, the company made a $2.4 billion special distribution of a 25% interest in Brookfield Asset Management ULC, our asset management business, which was previously wholly-owned by the company. BAM results are presented as at and for the year ended December 31, 2022. The summarized cash flows of the company’s subsidiaries with significant non-controlling interests are as follows: BAM 1 BEP BIP BBU BPG FOR THE YEARS ENDED DEC. 31 (MILLIONS) 2022 2021 2022 2021 2022 2021 2022 2021 2022 2021 Cash flows from (used in): Operating activities $ (2,329) $ — $ 1,711 $ 734 $ 3,131 $ 2,772 $ 1,011 $ 1,693 $ (1,657) $ 4,041 Financing activities (3,467) — 3,489 2,143 56 (995) 18,070 7,063 6,871 7,504 Investing activities 6,848 — (5,066) (2,544) (3,365) (1,173) (18,721) (8,926) (3,756) (10,260) Distributions paid to non-controlling interests in common equity $ — $ — $ 477 $ 456 $ 810 $ 715 $ 28 $ 13 $ — $ 120 Brookfield Finance Inc. (“BFI”) was incorporated on March 31, 2015 under the Business Corporations Act (Ontario) and is a subsidiary of the Corporation. Historically, we have also issued debt securities through other subsidiaries, including Brookfield Finance LLC (“BFL”) and Brookfield Finance I (UK) PLC (“BF U.K.”). BFI is the issuer of the following series of notes (together with BFL and BF U.K. as co-obligors, as noted below): • $500 million of 4.25% notes due in 2026; • $550 million of 4.70% notes due in 2047; • $350 million of 4.70% notes due in 2047; • $650 million of 3.90% notes due in 2028; • $750 million of 4.00% notes due in 2024 (BFL co-obligor); • $1.0 billion of 4.85% notes due in 2029 ; • $600 million of 4.35% notes due in 2030; • $150 million of 4.35% notes due in 2030; • $500 million of 3.50% notes due in 2051 ; • $400 million of 4.625% subordinated notes due in 2080; • $500 million of 2.724% notes due in 2031; • $250 million of 3.50% notes due in 2051; • $400 million of 3.90% notes due in 2028; • $400 million of 3.625% notes due in 2052; • $600 million of 3.45% notes due in 2050 (BFL co-obligor); and • $600 million of 2.34% notes due in 2032 (BF U.K. co-obligor). In addition, Brookfield Finance II Inc. (“BFI II”) is the issuer of C$1.0 billion of 5.431% notes due in 2032 and BF U.K. is the issuer of $230 million of 4.50% perpetual subordinated notes. BFL is a Delaware limited liability company formed on February 6, 2017 and is a subsidiary of the Corporation. Brookfield Capital Finance LLC (the “US LLC Issuer”) is a Delaware limited liability company formed on August 12, 2022 and a subsidiary of the Corporation. BFI II was incorporated on September 24, 2020 under the Business Corporations Act (Ontario) and is a 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 a subsidiary of the Corporation. BF U.K. (collectively with BFI, BFI II, BFL, BF AUS, and the US LLC Issuer, the “Debt Issuers”) was incorporated on September 25, 2020 under the U.K. Companies Act 2006 and is a 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 a subsidiary of the Corporation. The Debt Issuers are consolidated subsidiaries of the Corporation that may offer and sell debt securities. BFL II is a consolidated subsidiary of the Corporation that may offer and sell preferred shares representing limited liability company interests. Any debt securities issued by the Debt Issuers are, or will be, fully and unconditionally guaranteed as to payment of principal, premium (if any), interest and certain other amounts by the Corporation. 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. The US LLC Issuer, 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 , 2022, C$34 million of the se senior preferred shares were held by third-party shareholders and are retractable at the option of the holder. The following tables contain summarized financial information of the Corporation, BFI, BFI II, BFL, BFL II, BF AUS, BF U.K., the US LLC Issuer, BIC and non-guarantor subsidiaries: AS AT AND FOR THE YEAR ENDED DEC. 31, 2022 The Corporation 1 BFI BFI II BFL BFL II BF BF US LLC Issuer BIC Other Subsidiaries of the Corporation 2 Consolidating Adjustments 3 The Company Revenues $ 2,491 $ 284 $ 2 $ 30 $ — $ — $ 35 $ — $ 507 $ 111,633 $ (22,213) $ 92,769 Net income (loss) attributable to shareholders 2,056 (8) — — — — 11 — 487 18,598 (19,088) 2,056 Total assets 71,514 9,769 740 16 — — 232 — 4,170 492,799 (137,956) 441,284 Total liabilities 27,761 8,544 737 6 — — 4 — 3,520 297,397 (38,576) 299,393 Non-controlling interest – preferred equity — — — — — — 230 — — — — 230 AS AT AND FOR THE YEAR ENDED DEC. 31, 2021 The Corporation 1 BFI BFI II BFL BFL II BF BF US LLC Issuer 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 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., US LLC Issuer and BFL II on a combined basis. 3. This column includes the necessary amounts to present the company on a consolidated basis.

REVENUES

REVENUES	12 Months Ended
REVENUES	Dec. 31, 2022
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 DEC. 31, 2022 (MILLIONS) Asset Renewable Infrastructure Private Real Estate Corporate Total Revenue from contracts with customers $ 653 $ 4,959 $ 13,971 $ 55,318 $ 6,535 $ — $ 81,436 Other revenue — 239 753 2,907 7,268 166 11,333 $ 653 $ 5,198 $ 14,724 $ 58,225 $ 13,803 $ 166 $ 92,769 FOR THE YEAR ENDED DEC. 31, 2021 (MILLIONS) Asset Renewable Infrastructure Private Real Estate Corporate Total Revenue from contracts with customers $ 306 $ 4,041 $ 11,204 $ 44,748 $ 5,532 $ — $ 65,831 Other revenue — 539 737 1,704 6,751 169 9,900 $ 306 $ 4,580 $ 11,941 $ 46,452 $ 12,283 $ 169 $ 75,731 b) Timing of Recognition of Revenue from Contracts with Customers FOR THE YEAR ENDED DEC. 31, 2022 (MILLIONS) Asset Renewable Infrastructure Private Real Estate Corporate Total Goods and services provided at a point in time $ — $ 274 $ 41 $ 46,190 $ 3,123 $ — $ 49,628 Services transferred over a period of time 653 4,685 13,930 9,128 3,412 — 31,808 $ 653 $ 4,959 $ 13,971 $ 55,318 $ 6,535 $ — $ 81,436 FOR THE YEAR ENDED DEC. 31, 2021 (MILLIONS) Asset Renewable Infrastructure Private Real Estate Corporate Total Goods and services provided at a point in time $ — $ 137 $ 137 $ 37,866 $ 2,897 $ — $ 41,037 Services transferred over a period of time 306 3,904 11,067 6,882 2,635 — 24,794 $ 306 $ 4,041 $ 11,204 $ 44,748 $ 5,532 $ — $ 65,831 Remaining Performance Obligation Private Equity In our construction services business, 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 or work order. As at December 31, 2022, our backlog of construction projects was approximately $5.7 billion (2021 – $7.5 billion). In our nuclear power generation business, backlog includes an estimate of expected future performance obligations related to long-term arrangements to provide fuel assemblies and associated components. As at December 31, 2022, our backlog of construction projects was approximately $9.2 billion (2021 – $9.3 billion). In our Brazilian water and wastewater services business, our long-term, inflation-adjusted concession service contracts with various municipalities have an average remaining contract duration of 23 years as at December 31, 2022 (2021 – 24 years), and the remaining performance obligations were approximately $10.4 billion (2021 – $8.9 billion). 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 $8.2 billion ( 2021 – $6.7 billion) including $182 million ( 2021 – $147 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, 2022 (MILLIONS) Less than 1 Year 1 – 3 Years 4 – 5 Years After 5 Years Total Receivables from lease contracts $ 5,719 $ 9,072 $ 7,038 $ 15,983 $ 37,812 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

FAIR VALUE CHANGES

FAIR VALUE CHANGES	12 Months Ended
FAIR VALUE CHANGES	Dec. 31, 2022
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) 2022 2021 Investment properties $ 629 $ 5,073 Transaction related (expenses) income (533) 714 Financial contracts (163) 984 Impairment and provisions (293) (654) Other fair value changes (617) (966) $ (977) $ 5,151

DERIVATIVE FINANCIAL INSTRUMENT

DERIVATIVE FINANCIAL INSTRUMENTS	12 Months Ended
DERIVATIVE FINANCIAL INSTRUMENTS	Dec. 31, 2022
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 as at December 31, 2022 and 2021 is as follows: AS AT DEC. 31 (MILLIONS) Note 2022 2021 Foreign exchange (a) $ 50,361 $ 63,083 Interest rates (b) 60,600 55,899 Equity derivatives (c) 1,942 4,448 Commodity instruments (d) Energy (GWh) 69,902 35,156 Natural gas (MMBtu – 000’s) 128,381 246,375 a) Foreign Exchange The company held the following foreign exchange contracts with notional amounts as at December 31, 2022 and 2021: Notional Amount (U.S. Dollars) Average Exchange Rate (MILLIONS) 2022 2021 2022 2021 Foreign exchange contracts Canadian dollars $ 7,381 $ 11,689 0.76 0.81 British pounds 6,880 12,089 1.12 1.19 European Union euros 10,074 9,939 1.01 1.14 Australian dollars 4,088 4,791 0.69 0.72 Indian rupee 3,921 3,281 73.72 78.90 Korean won 1 923 756 1,293 1,151 Chinese yuan 1 4,166 2,484 6.07 6.02 Japanese yen 1 378 793 116.26 111.27 Colombian pesos 1 355 740 4,800 3,937 Brazilian reais 1,371 1,291 0.16 0.16 Swedish krona — 1,475 — 9.08 Other currencies 2,765 2,799 Various Various Cross currency interest rate swaps Canadian dollars 5,673 5,566 0.77 0.63 European Union euros — 848 — 1.06 Australian dollars 634 1,317 0.93 0.98 Japanese yen 1 275 750 130.68 113.33 British pounds 243 298 1.21 1.48 Brazilian reais 1 749 — — — Foreign exchange futures Brazilian reais — 175 — 0.18 Foreign exchange options European Union euros — 1,430 — 1.11 Indian rupee 485 572 78.73 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 $23 million (2021 – losses of $53 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 $2.8 billion (2021 – gains of $367 million). b) Interest Rates As at December 31, 2022, the company held interest rate swap and forward starting swap contracts having an aggregate notional amount of $37.5 billion (2021 – $28.6 billion), interest rate swaptions with an aggregate notional amount of $244 million (2021 – $248 million) and interest rate cap contracts with an aggregate notional amount of $22.8 billion (2021 – $27.1 billion). c) Equity Derivatives As at December 31, 2022, the company held equity derivatives with a notional amount of $1.9 billion (2021 – $4.4 billion) which includes $1.9 billion (2021 – $1.8 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 128,381,000 MMBtu’s (2021 – 246,375,000 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, 2022 and 2021 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: 2022 2021 FOR THE YEARS ENDED DEC. 31 Notional Effective Portion Ineffective Portion Notional Effective Portion Ineffective Portion Cash flow hedges 1 $ 47,860 $ 2,081 $ 13 $ 43,776 $ 582 $ 24 Net investment hedges 35,198 2,998 — 43,997 407 (14) $ 83,058 $ 5,079 $ 13 $ 87,773 $ 989 $ 10 1. Notional amount does not include 18,133 GWh and 67,803 MMBtu – 000’s – of commodity derivatives as at December 31, 2022 (2021 – 17,753 GWh, 93,623 MMBtu – 000’s and 1,152 bbls – millions). The following table presents the change in fair values of the company’s derivative positions during the years ended December 31, 2022 and 2021, for derivatives that are fair valued through profit or loss, and derivatives that qualify for hedge accounting: (MILLIONS) Unrealized Gains During 2022 Unrealized Losses During 2022 Net Change During 2022 Net Change During 2021 Foreign exchange derivatives $ 192 $ (169) $ 23 $ (53) Interest rate derivatives 575 (156) 419 183 Equity derivatives 69 (365) (296) 757 Commodity derivatives 177 (469) (292) (183) $ 1,013 $ (1,159) $ (146) $ 704 The following table presents the notional amounts underlying the company’s derivative instruments by term to maturity as at December 31, 2022 and 2021, for derivatives that are classified as fair value through profit or loss, and derivatives that qualify for hedge accounting: 2022 2021 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 $ 4,440 $ 1,671 $ 965 $ 7,076 $ 10,933 Interest rate derivatives 10,126 8,578 1,272 19,976 19,661 Equity derivatives 866 1,002 73 1,941 4,353 Commodity instruments Energy (GWh) 3,456 21,743 26,571 51,770 17,403 Natural gas (MMBtu – 000’s) 50,703 9,875 — 60,578 152,753 Elected for hedge accounting Foreign exchange derivatives $ 12,956 $ 29,530 $ 800 $ 43,286 $ 52,150 Interest rate derivatives 5,916 31,597 3,111 40,624 36,238 Equity derivatives — — — — 95 Commodity instruments Energy (GWh) 6,574 8,868 2,691 18,133 17,754 Natural gas (MMBtu – 000’s) 52,168 15,635 — 67,803 93,623

MANAGEMENT OF RISKS ARISING FRO

MANAGEMENT OF RISKS ARISING FROM HOLDING FINANCIAL INSTRUMENTS	12 Months Ended
	Dec. 31, 2022
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 $416 million (2021 – $283 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 $146 million (2021 – $101 million) and an increase in other comprehensive income of $486 million (2021 – $318 million) for the years ended December 31, 2022 and 2021, 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 $61 million (2021 – $109 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 $421 million (2021 – $509 million) as at December 31, 2022, 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 $253 million (2021 – $303 million) and decreased other comprehensive income by $76 million (2021 – $122 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 $63 million (2021 – $98 million). This increase would be offset by a $74 million (2021 – $116 million) change in value of the associated equity derivatives of which $63 million (2021 – $98 million) would offset the above-mentioned increase in compensation expense and the remaining $11 million (2021 – $18 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, 2022 by approximately $85 million (2021 – $49 million) and decreased other comprehensive income by $46 million (2021 – $27 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 as at December 31, 2022 and 2021. Payments Due by Period AS AT DEC. 31, 2022 (MILLIONS) <1 Year 1 to 3 Years 4 to 5 Years After 5 Years Total Principal repayments Corporate borrowings 1 $ — $ 1,608 $ 1,486 $ 8,296 $ 11,390 Non-recourse borrowings of managed entities 42,883 58,726 44,119 56,956 202,684 Subsidiary equity obligations 1,187 746 553 1,702 4,188 Interest expense 2 Corporate borrowings 484 863 728 3,916 5,991 Non-recourse borrowings 10,597 16,016 11,432 18,320 56,365 Subsidiary equity obligations 152 273 182 563 1,170 Lease obligations 3 1,186 1,855 1,540 13,192 17,773 1. As at December 31, 2022, there was no commercial paper outstanding or draws on the revolving credit facilities. 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, 2021 (MILLIONS) <1 Year 1 to 3 Years 4 to 5 Years After 5 Years Total Principal repayments Corporate borrowings 1 $ 462 $ 1,138 $ 2,104 $ 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 less than 1 year represents $462 million of outstanding commercial paper 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.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
RELATED PARTY TRANSACTIONS	Dec. 31, 2022
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, 2022 and 2021 was as follows: FOR THE YEARS ENDED DEC. 31 (MILLIONS) 2022 2021 Salaries, incentives and short-term benefits 1 $ 14 $ 16 Share-based payments 1 38 56 $ 52 $ 72 1. The remuneration of key management personnel and Directors of the company remaining after the special distribution of a 25% interest in our asset management business included salaries, incentives and short-term benefits of $5 million (2021 - $5 million) and share-based payments of $13 million (2021 - $13 million). 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, 2022 and 2021: FOR THE YEARS ENDED DEC. 31 (MILLIONS) 2022 2021 Management fees earned $ 102 $ 24 The company provided BNRE with an equity commitment in the amount of $2.0 billion to fund future growth, which BNRE may draw on from time to time. As of December 31, 2022, there was no amount drawn under this equity commitment. On May 25, 2022, BNRE issued 11,270,466 class C shares for $450 million and 98,351,547 class A junior preferred shares for $2.5 billion to the company. During the year, subsidiaries of BNRE purchased investments of $3.3 billion from the company and its subsidiaries. As at December 31, 2022 BNRE had $779 million of cash on deposit with wholly-owned subsidiaries of the company.

OTHER INFORMATION

OTHER INFORMATION	12 Months Ended
OTHER INFORMATION	Dec. 31, 2022
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, 2022, the company had $2.8 billion (2021 – $3.7 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, 2022 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, BN 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, BN 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 $508 million (2021 – $387 million) of interest primarily to investment properties and residential inventory under development.

SIGNIFICANT ACCOUNTING POLICI_2

SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
SIGNIFICANT ACCOUNTING POLICIES (Policies)	Dec. 31, 2022
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 as issued by the International Accounting Standards Board (“IASB”) (“IFRS”). These consolidated financial statements were authorized for issuance by the Board of Directors of the company on March 24, 2023.
Disclosure of expected impact of initial application of new standards or interpretations [text block]	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, 2024. The company is currently assessing the impact of these amendments.
Basis of preparation	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.
Description of accounting policy for subsidiaries [text block]	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.
Description of accounting policy for investment in associates and joint ventures [text block]	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).
Description of accounting policy for investments in joint operations [Text Block]	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.
Description of accounting policy for foreign currency translation [text block]	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
Description of accounting policy for determining components of cash and cash equivalents [text block]	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.
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 Note 27 for additional details.
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 measured using comparable market values for similar assets.
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 right-of-use assets, 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 as at December 31, 2022 is 35 years (2021 – 31 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 Sheet 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 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. 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: (YEARS, UNLESS OTHERWISE NOTED) Useful Lives Buildings Up to 50 Right-of-use assets Up to 40 but not exceeding the term of the lease Machinery and equipment Up to 30 Vessels Up to 35 Oil and gas related equipment and mining property Units of production Real Estate 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 values of hospitality properties are determined using a depreciated replacement cost method based on the age, physical condition and the construction costs of the assets. 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 20
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 and renewable transport fuel obligations (“RTFO”) certificates 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. 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]	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 unobservable 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]	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.
Description of accounting policy for intangible assets other than goodwill [text block]	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. Gains or losses arising from derecognition of an intangible asset are measured as the difference between the net disposal proceeds, if any, and the carrying amount of the asset and are recognized in the Consolidated Statements of Operations in other income and gains when the asset is derecognized. 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 2022 audited 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 and trademarks Up to 40 Computer software Up to 10 Customer relationships Up to 30 Proprietary technology Up to 20 Real Estate Intangible assets in our Real Estate segment are primarily of trademarks and licensing agreements. Subsequent to initial recognition, intangible assets with a finite life are measured at cost less accumulated amortization and impairment losses. Amortization is calculated on a straight-line basis over the estimated useful life of the intangible asset and is recognized in net income for the respective reporting period. Indefinite life intangible assets are recorded at cost unless an impairment is identified which requires a write-down to its recoverable amount.
Description of accounting policy for goodwill [text block]	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 generate cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Description of accounting policy for impairment of assets [text block]	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.
Description of accounting policy for subsidiary equity obligations [Text Block]	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 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]	o) 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. Brookfield Business Partners L.P. (“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 respective 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 The majority of revenue is derived from the sale of power and power related ancillary services both under contract and in the open market, sourced from their own 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; (ii) the provision of services which are recognized as revenue over the period of time that they are provided; and (iii) leasing and other product offerings which is recognized under the requirements of IFRS 16, Leases (“IFRS 16”), whereas the other revenue streams are recognized under IFRS 15. 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. 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 of 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	p) 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 and undrawn loan commitments, 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 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]	q) 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]	r) 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]	s) 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 are 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 in 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]	u) 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 on fair value 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. 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, 2022
Management Commentary Explanatory [Abstract]
Summary of the Corporation's Capital [Table]	As at December 31, 2022, the Corporation’s Capital totaled $57.8 billion (December 31, 2021 – $57.5 billion), and is computed as follows: AS AT DEC.31 2022 2021 Cash and cash equivalents $ 1,564 $ 1,197 Other financial assets 6,959 3,430 Common equity in managed investments 44,413 46,248 Other assets and liabilities of the Corporation 4,895 6,585 Corporation’s Capital $ 57,831 $ 57,460 Corporation’s Capital is comprised of the following: Common equity $ 39,608 $ 42,210 Preferred equity 4,145 4,145 Non-controlling interest 2,688 230 Corporate borrowings 11,390 10,875 $ 57,831 $ 57,460
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, 2022 is as follows: AS AT DEC. 31, 2022 (MILLIONS) The Corporation Managed Investments Elimination 1 Total Consolidated Cash and cash equivalents $ 1,564 $ 12,832 $ — $ 14,396 Other financial assets 6,959 19,940 — 26,899 Accounts receivable and other 1 3,317 24,310 (249) 27,378 Inventory 2 12,841 — 12,843 Assets classified as held for sale — 2,830 — 2,830 Equity accounted investments 7,151 39,943 — 47,094 Investment properties 27 115,073 — 115,100 Property, plant and equipment 214 124,054 — 124,268 Intangible assets 206 38,205 — 38,411 Goodwill 354 28,308 — 28,662 Deferred income tax assets 1,769 1,634 — 3,403 Accounts payable and other 1 (7,123) (50,191) 249 (57,065) Liabilities associated with assets classified as held for sale — (876) — (876) Deferred income tax liabilities (581) (22,609) — (23,190) Subsidiary equity obligations (441) (3,747) — (4,188) Total 13,418 342,547 — 355,965 Common equity in managed investments 2 44,413 — (44,413) — Corporation’s Capital 57,831 342,547 (44,413) 355,965 Less: Corporate borrowings 11,390 — — 11,390 Non-recourse borrowings of managed entities — 202,684 — 202,684 Amounts attributable to preferred equity 4,145 — — 4,145 Amounts attributable to non-controlling interests 2,688 95,450 — 98,138 Common equity $ 39,608 $ 44,413 $ (44,413) $ 39,608 1. Contains the gross up of intercompany balances, including accounts receivable and other, and accounts payable and other of $249 million and $249 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, 2021 is as follows: AS AT DEC. 31, 2021 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.

SEGMENTED INFORMATION (Tables)

SEGMENTED INFORMATION (Tables)	12 Months Ended
SEGMENTED INFORMATION (Tables)	Dec. 31, 2022
Disclosure of operating segments [abstract]
Disclosure of entity's operating segments	Reportable Segment Measures AS AT AND FOR THE YEAR ENDED DEC. 31, 2022 (MILLIONS) Asset Renewable Infrastructure Private Real Estate Corporate Total Note External revenues $ 653 $ 5,198 $ 14,724 $ 58,225 $ 13,803 $ 166 $ 92,769 Inter-segment and other revenues 1 4,289 — 4 207 32 (41) 4,491 i Segmented revenues 4,942 5,198 14,728 58,432 13,835 125 97,260 FFO from equity accounted investments 1 346 271 1,893 567 958 418 4,453 ii Interest expense — (1,127) (1,895) (2,702) (4,460) (518) (10,702) iii Current income taxes (98) (148) (481) (473) (74) (4) (1,278) iv FFO 1 2,518 401 640 1,026 1,744 (35) 6,294 v Common equity 6,884 5,274 2,784 4,486 31,868 (11,688) 39,608 Equity accounted investments 4,664 2,261 11,844 3,574 22,264 2,487 47,094 Additions to non-current assets 2 193 6,710 6,604 24,418 27,096 1,021 66,042 1. We equity account for our investment in Oaktree and include our share of the FFO at our ownership of 64%. For segment reporting, Oaktree’s revenue is shown on a 100% basis. For the year ended December 31, 2022, $1.5 billion of Oaktree’s revenue was included in our Asset Management segment revenue. 2. Includes additions to equity accounted investments, investment properties, PP&E, intangible assets and goodwill. AS AT AND FOR THE YEAR ENDED DEC. 31, 2021 (MILLIONS) Asset Renewable Infrastructure Private Real Estate Corporate Total Note External revenues $ 306 $ 4,580 $ 11,941 $ 46,452 $ 12,283 $ 169 $ 75,731 Inter-segment and other revenues 1 4,930 — 6 431 32 (18) 5,381 i Segmented revenues 5,236 4,580 11,947 46,883 12,315 151 81,112 FFO from equity accounted investments 1 558 187 1,697 459 842 63 3,806 ii Interest expense — (892) (1,502) (1,515) (3,281) (414) (7,604) iii Current income taxes (58) (43) (402) (542) (89) 20 (1,114) iv FFO 1 2,524 1,044 797 2,031 1,442 (280) 7,558 v Common equity 4,905 5,264 3,022 3,996 33,965 (8,942) 42,210 Equity accounted investments 4,496 1,801 9,569 2,992 25,186 2,056 46,100 Additions to non-current assets 2 — 5,001 18,248 14,169 22,081 1,332 60,831 1. We equity account for our investment in Oaktree and include our share of the FFO at 62%. 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 revenue was included in our Asset Management segment revenue. 2. Includes additions to equity accounted investments, investment properties, PP&E, 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) 2022 2021 Consolidated equity accounted income $ 2,613 $ 2,451 Non-FFO items from equity accounted investments 1 1,840 1,355 FFO from equity accounted investments $ 4,453 $ 3,806 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) 2022 2021 Current income tax expense $ (1,278) $ (1,114) Deferred income tax expense (191) (1,210) Income tax expense $ (1,469) $ (2,324) The major components of income tax expense for the years ended December 31, 2022 and 2021 are set out below: FOR THE YEARS ENDED DEC. 31 (MILLIONS) 2022 2021 Current income tax expense $ 1,278 $ 1,114 Deferred income tax expense / (recovery) Origination and reversal of temporary differences 690 1,044 Recovery arising from previously unrecognized tax assets (447) (251) Change of tax rates and new legislation (52) 417 Total deferred income tax expense 191 1,210 Income tax expense $ 1,469 $ 2,324
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 2022 2021 Net income $ 5,195 $ 12,388 Financial statement components not included in FFO Equity accounted fair value changes and other non-FFO items 1,840 1,355 Fair value changes 977 (5,151) Depreciation and amortization 7,683 6,437 Deferred income taxes 191 1,210 Realized disposition gains in fair value changes or equity vi 903 2,861 Non-controlling interests in FFO (10,495) (11,542) Total FFO $ 6,294 $ 7,558
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) 2022 2021 U.S. $ 24,724 $ 19,694 Canada 10,752 7,548 U.K. 25,090 21,497 Australia 6,041 5,892 Brazil 5,294 3,730 India 2,743 2,520 Germany 1,909 1,567 Colombia 2,135 1,890 Other Europe 9,084 6,924 Other Asia 3,042 2,708 Other 1,955 1,761 $ 92,769 $ 75,731 The company’s consolidated assets by location are as follows: AS AT DEC. 31 (MILLIONS) 2022 2021 U.S. $ 206,714 $ 172,952 Canada 50,894 52,989 U.K. 31,940 36,740 Australia 27,068 20,767 Brazil 25,500 22,052 India 19,521 20,935 Germany 12,262 7,663 Colombia 10,567 11,065 Other Europe 31,713 24,402 Other Asia 14,655 12,866 Other 10,450 8,572 $ 441,284 $ 391,003

SUBSIDIARIES (Tables)

SUBSIDIARIES (Tables)	12 Months Ended
SUBSIDIARIES (Tables)	Dec. 31, 2022
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 2022 2021 Brookfield Asset Management ULC (“BAM”) 3 British Columbia 25.0 % n/a Brookfield Renewable Partners L.P. (“BEP”) 4 Bermuda 51.7 % 51.7 % Brookfield Infrastructure Partners L.P. (“BIP”) 5 Bermuda 72.9 % 72.8 % Brookfield Business Partners L.P. (“BBU”) 6 Bermuda 34.8 % 35.6 % 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 and BBU 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 and BBU’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. On December 9, 2022, the company made a $2.4 billion special distribution of a 25% interest in Brookfield Asset Management ULC, our asset management business, which was previously wholly-owned by the company. 4. Ownership interest held by non-controlling interests represents the combined units not held in BEP and Brookfield Renewable Corporation (“BEPC”). 5. Ownership interest held by non-controlling interests represents the combined units not held in BIP and Brookfield Infrastructure Corporation (“BIPC”). 6. Ownership interest held by non-controlling interests represents the combined units not held in BBU and Brookfield Business Corporation (“BBUC”). The following tables contain summarized financial information of the Corporation, BFI, BFI II, BFL, BFL II, BF AUS, BF U.K., the US LLC Issuer, BIC and non-guarantor subsidiaries: AS AT AND FOR THE YEAR ENDED DEC. 31, 2022 The Corporation 1 BFI BFI II BFL BFL II BF BF US LLC Issuer BIC Other Subsidiaries of the Corporation 2 Consolidating Adjustments 3 The Company Revenues $ 2,491 $ 284 $ 2 $ 30 $ — $ — $ 35 $ — $ 507 $ 111,633 $ (22,213) $ 92,769 Net income (loss) attributable to shareholders 2,056 (8) — — — — 11 — 487 18,598 (19,088) 2,056 Total assets 71,514 9,769 740 16 — — 232 — 4,170 492,799 (137,956) 441,284 Total liabilities 27,761 8,544 737 6 — — 4 — 3,520 297,397 (38,576) 299,393 Non-controlling interest – preferred equity — — — — — — 230 — — — — 230 AS AT AND FOR THE YEAR ENDED DEC. 31, 2021 The Corporation 1 BFI BFI II BFL BFL II BF BF US LLC Issuer 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 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., US LLC Issuer 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, 2022: 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) 2022 2021 BAM 1 $ 2,377 $ — BEP 21,651 19,355 BIP 23,030 23,695 BBU 16,026 10,197 BPG 2 29,321 28,115 Individually immaterial subsidiaries with non-controlling interests 5,733 7,024 $ 98,138 $ 88,386 1. On December 9, 2022, the company made a $2.4 billion special distribution of a 25% interest in Brookfield Asset Management ULC, our asset management business, which was previously wholly-owned by the company.
Summarized financial information of subsidiaries [Table Text Block]	The summarized financial information represents amounts before intra-group eliminations: BAM 1 BEP BIP BBU BPG AS AT AND FOR THE YEARS ENDED DEC. 31 (MILLIONS) 2022 2021 2022 2021 2022 2021 2022 2021 2022 2021 Current assets $ 5,690 $ — $ 4,183 $ 2,889 $ 6,686 $ 4,896 $ 18,312 $ 15,418 $ 15,626 $ 25,866 Non-current assets 6,820 — 59,928 52,978 66,283 69,065 71,186 48,801 162,198 143,383 Current liabilities (2,093) — (4,943) (3,222) (8,377) (8,661) (16,954) (13,912) (41,653) (35,006) Non-current liabilities (915) — (32,882) (28,649) (39,038) (38,909) (54,079) (37,307) (74,982) (72,163) Non-controlling interests (2,377) — (21,651) (19,355) (23,030) (23,695) (16,026) (10,197) (29,321) (28,115) Equity attributable to Brookfield $ 7,125 $ — $ 4,635 $ 4,641 $ 2,524 $ 2,696 $ 2,439 $ 2,803 $ 31,868 $ 33,965 Revenues $ 3,375 $ — $ 4,711 $ 4,096 $ 14,427 $ 11,537 $ 57,545 $ 46,587 $ 13,835 $ 12,314 Net income (loss) attributable to: Non-controlling interests $ 442 $ — $ 327 $ 151 $ 1,350 $ 2,489 $ 275 $ 1,846 $ 2,639 $ 3,836 Shareholders 2,276 — (189) (217) 25 230 80 307 496 1,927 $ 2,718 $ — $ 138 $ (66) $ 1,375 $ 2,719 $ 355 $ 2,153 $ 3,135 $ 5,763 Other comprehensive income (loss) attributable to: Non-controlling interests $ (8) $ — $ 1,868 $ 1,835 $ 39 $ 197 $ (297) $ 218 $ 356 $ 857 Shareholders (24) — 622 931 109 63 (97) 65 13 451 $ (32) $ — $ 2,490 $ 2,766 $ 148 $ 260 $ (394) $ 283 $ 369 $ 1,308 1. On December 9, 2022, the company made a $2.4 billion special distribution of a 25% interest in Brookfield Asset Management ULC, our asset management business, which was previously wholly-owned by the company. BAM results are presented as at and for the year ended December 31, 2022. The summarized cash flows of the company’s subsidiaries with significant non-controlling interests are as follows: BAM 1 BEP BIP BBU BPG FOR THE YEARS ENDED DEC. 31 (MILLIONS) 2022 2021 2022 2021 2022 2021 2022 2021 2022 2021 Cash flows from (used in): Operating activities $ (2,329) $ — $ 1,711 $ 734 $ 3,131 $ 2,772 $ 1,011 $ 1,693 $ (1,657) $ 4,041 Financing activities (3,467) — 3,489 2,143 56 (995) 18,070 7,063 6,871 7,504 Investing activities 6,848 — (5,066) (2,544) (3,365) (1,173) (18,721) (8,926) (3,756) (10,260) Distributions paid to non-controlling interests in common equity $ — $ — $ 477 $ 456 $ 810 $ 715 $ 28 $ 13 $ — $ 120

ACQUISITIONS OF CONSOLIDATED _2

ACQUISITIONS OF CONSOLIDATED ENTITIES (Tables)	12 Months Ended
ACQUISITIONS OF CONSOLIDATED ENTITIES (Tables)	Dec. 31, 2022
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 . No material changes were made to those allocations disclosed in the 2021 consolidated financial statements: (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 . No material changes were made to those allocations disclosed in the 2021 consolidated financial statements. 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.

FAIR VALUE OF FINANCIAL INSTR_2

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	12 Months Ended
FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	Dec. 31, 2022
Disclosure of detailed information about financial instruments [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) 2022 2021 Investment properties $ 629 $ 5,073 Transaction related (expenses) income (533) 714 Financial contracts (163) 984 Impairment and provisions (293) (654) Other fair value changes (617) (966) $ (977) $ 5,151
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: 2022 2021 AS AT DEC. 31 (MILLIONS) Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Financial assets Other financial assets Government bonds $ 91 $ 1,475 $ — $ 48 $ 1,972 $ — Corporate bonds 65 1,754 324 85 2,050 383 Fixed income securities and other 493 2,099 3,376 762 1,908 451 Common shares and warrants 3,975 377 2,120 4,063 548 1,316 Loans and notes receivables 22 26 5 — — 5 4,646 5,731 5,825 4,958 6,478 2,155 Accounts receivable and other 12 3,731 6 3 2,265 77 $ 4,658 $ 9,462 $ 5,831 $ 4,961 $ 8,743 $ 2,232 Financial liabilities Accounts payable and other $ 7 $ 4,469 $ 2,419 $ 29 $ 4,150 $ 1,311 Subsidiary equity obligations — 441 673 — 135 1,403 $ 7 $ 4,910 $ 3,092 $ 29 $ 4,285 $ 2,714 The following table presents our investment properties measured at fair value: AS AT DEC. 31 (MILLIONS) 2022 2021 Core $ 19,267 $ 19,384 Transitional and Development 25,434 28,334 LP Investments 69,501 51,620 Other investment properties 898 1,527 $ 115,100 $ 100,865
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, 2022 Valuation Techniques and Key Inputs Other financial assets $ 5,731 Valuation models based on observable market data Derivative assets/Derivative liabilities (accounts receivable/accounts payable) 3,731 / (4,469) 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) (441) 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 key valuation metrics of the company’s investment properties: 2022 2021 AS AT DEC. 31 Discount Terminal Investment Discount Terminal Capitalization Rate Investment Horizon (years) Core 6.2 % 4.6 % 11 5.9 % 4.6 % 11 Transitional and Development 1 7.6 % 5.9 % 10 7.3 % 5.8 % 10 LP Investments 1 8.4 % 5.7 % 13 9.1 % 5.9 % 13 Other investment properties 2 7.5 % n/a n/a 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 Private Equity segments.
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, 2022 Valuation Significant Relationship of Unobservable Corporate bonds $ 324 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 3,376 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 2,120 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) 6 / (2,419) 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) (673) 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 financial assets	The following tables list the company’s financial instruments by their respective classification as at December 31, 2022 and 2021: AS AT DEC. 31, 2022 (MILLIONS) Fair Value Through Fair Value Through OCI Amortized Cost Total Financial assets 1 Cash and cash equivalents $ — $ — $ 14,396 $ 14,396 Other financial assets Government bonds — 1,566 — 1,566 Corporate bonds 426 1,717 4 2,147 Fixed income securities and other 4,170 1,798 2,794 8,762 Common shares and warrants 4,953 1,519 — 6,472 Loans and notes receivable 53 — 7,899 7,952 9,602 6,600 10,697 26,899 Accounts receivable and other 2 3,749 — 16,131 19,880 $ 13,351 $ 6,600 $ 41,224 $ 61,175 Financial liabilities Corporate borrowings $ — $ — $ 11,390 $ 11,390 Non-recourse borrowings of managed entities Property-specific borrowings — — 187,544 187,544 Subsidiary borrowings — — 15,140 15,140 — — 202,684 202,684 Accounts payable and other 2 6,895 41,664 48,559 Subsidiary equity obligations 1,114 — 3,074 4,188 $ 8,009 $ — $ 258,812 $ 266,821 1. Financial assets include $14.0 billion of assets pledged as collateral. 2. Includes derivative instruments which are elected for hedge accounting, totaling $3.0 billion included in accounts receivable and other and $2.1 billion included in accounts payable and other, for which changes in fair value are recorded in other comprehensive income. 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 — — 152,181 152,181 Subsidiary borrowings — — 12,876 12,876 — — 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. The current and non-current balances of other financial assets are as follows: AS AT DEC. 31 (MILLIONS) 2022 2021 Current $ 7,565 $ 6,963 Non-current 19,334 9,583 Total $ 26,899 $ 16,546
Disclosure of financial liabilities	The following tables list the company’s financial instruments by their respective classification as at December 31, 2022 and 2021: AS AT DEC. 31, 2022 (MILLIONS) Fair Value Through Fair Value Through OCI Amortized Cost Total Financial assets 1 Cash and cash equivalents $ — $ — $ 14,396 $ 14,396 Other financial assets Government bonds — 1,566 — 1,566 Corporate bonds 426 1,717 4 2,147 Fixed income securities and other 4,170 1,798 2,794 8,762 Common shares and warrants 4,953 1,519 — 6,472 Loans and notes receivable 53 — 7,899 7,952 9,602 6,600 10,697 26,899 Accounts receivable and other 2 3,749 — 16,131 19,880 $ 13,351 $ 6,600 $ 41,224 $ 61,175 Financial liabilities Corporate borrowings $ — $ — $ 11,390 $ 11,390 Non-recourse borrowings of managed entities Property-specific borrowings — — 187,544 187,544 Subsidiary borrowings — — 15,140 15,140 — — 202,684 202,684 Accounts payable and other 2 6,895 41,664 48,559 Subsidiary equity obligations 1,114 — 3,074 4,188 $ 8,009 $ — $ 258,812 $ 266,821 1. Financial assets include $14.0 billion of assets pledged as collateral. 2. Includes derivative instruments which are elected for hedge accounting, totaling $3.0 billion included in accounts receivable and other and $2.1 billion included in accounts payable and other, for which changes in fair value are recorded in other comprehensive income. 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 — — 152,181 152,181 Subsidiary borrowings — — 12,876 12,876 — — 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. The following table presents the changes in the balance of financial assets and liabilities classified as Level 3 for the years ended December 31, 2022 and 2021 : 2022 2021 AS AT AND FOR THE YEARS ENDED DEC. 31 (MILLIONS) Financial Financial Financial Financial Balance, beginning of year $ 2,232 $ 2,714 $ 2,369 $ 2,104 Fair value changes in net income 95 (394) 160 96 Fair value changes in other comprehensive income 1 (13) (3) (8) 94 Additions, net of disposals 3,517 775 (289) 420 Balance, end of year $ 5,831 $ 3,092 $ 2,232 $ 2,714 1. Includes foreign currency translation. The following table categorizes financial liabilities measured at amortized cost, but for which fair values are disclosed based upon the fair value hierarchy levels: 2022 2021 AS AT DEC. 31 (MILLIONS) Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Corporate borrowings $ 9,524 $ 75 $ — $ 11,906 $ 87 $ — Property-specific borrowings 6,742 87,764 89,748 12,163 65,234 76,620 Subsidiary borrowings 7,547 2,100 5,061 6,831 — 6,411 Subsidiary equity obligations — 689 2,385 — 544 2,226
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, 2022 and 2021: 2022 2021 AS AT DEC. 31 (MILLIONS) Carrying Fair Carrying Fair Financial assets Cash and cash equivalents $ 14,396 $ 14,396 $ 12,694 $ 12,694 Other financial assets Government bonds 1,566 1,566 2,020 2,020 Corporate bonds 2,147 2,147 2,521 2,521 Fixed income securities and other 8,762 8,762 3,241 3,241 Common shares and warrants 6,472 6,472 5,927 5,927 Loans and notes receivable 7,952 7,952 2,837 2,837 26,899 26,899 16,546 16,546 Accounts receivable and other 19,880 19,880 15,318 15,318 $ 61,175 $ 61,175 $ 44,558 $ 44,558 Financial liabilities Corporate borrowings $ 11,390 $ 9,599 $ 10,875 $ 11,993 Non-recourse borrowings of managed entities Property-specific borrowings 187,544 184,254 152,181 153,844 Subsidiary borrowings 15,140 14,708 12,876 13,415 202,684 198,962 165,057 167,259 Accounts payable and other 48,559 48,559 43,504 43,504 Subsidiary equity obligations 4,188 4,188 4,308 4,308 $ 266,821 $ 261,308 $ 223,744 $ 227,064
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) 2022 2021 2022 2021 Gross amounts of financial instruments before netting $ 4,638 $ 4,814 $ 4,703 $ 5,037 Gross amounts of financial instruments set-off in the Consolidated Balance Sheets (889) (2,469) (861) (2,452) Net amounts of financial instruments in the Consolidated Balance Sheets $ 3,749 $ 2,345 $ 3,842 $ 2,585

ACCOUNTS RECEIVABLE AND OTHER (

ACCOUNTS RECEIVABLE AND OTHER (Tables)	12 Months Ended
ACCOUNTS RECEIVABLE AND OTHER (Tables)	Dec. 31, 2022
Subclassifications of assets, liabilities and equities [abstract]
Schedule of accounts receivable and other	AS AT DEC. 31 (MILLIONS) Note 2022 2021 Accounts receivable (a) $ 14,155 $ 11,332 Prepaid expenses and other assets 10,557 8,162 Restricted cash (b) 2,666 2,266 Total $ 27,378 $ 21,760
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) 2022 2021 Current $ 19,489 $ 16,098 Non-current 7,889 5,662 Total $ 27,378 $ 21,760
Disclosure of significant unobservable inputs used in fair value measurement of assets [text block]	The following table summarizes the key valuation metrics of the company’s investment properties: 2022 2021 AS AT DEC. 31 Discount Terminal Investment Discount Terminal Capitalization Rate Investment Horizon (years) Core 6.2 % 4.6 % 11 5.9 % 4.6 % 11 Transitional and Development 1 7.6 % 5.9 % 10 7.3 % 5.8 % 10 LP Investments 1 8.4 % 5.7 % 13 9.1 % 5.9 % 13 Other investment properties 2 7.5 % n/a n/a 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 Private Equity segments.

INVENTORY (Tables)

INVENTORY (Tables)	12 Months Ended
INVENTORY (Tables)	Dec. 31, 2022
Inventories [Abstract]
Schedule of inventory properties	AS AT DEC. 31 (MILLIONS) 2022 2021 Residential properties under development $ 1,558 $ 2,135 Land held for development 1,895 1,802 Completed residential properties 2,342 1,869 Industrial products 2,911 3,113 Other 1 4,137 2,496 Total $ 12,843 $ 11,415
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) 2022 2021 Current $ 9,108 $ 8,557 Non-current 3,735 2,858 Total $ 12,843 $ 11,415

HELD FOR SALE (Tables)

HELD FOR SALE (Tables)	12 Months Ended
HELD FOR SALE (Tables)	Dec. 31, 2022
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, 2022 and 2021: AS AT DEC. 31 (MILLIONS) Real Estate Renewable Power and Transition Infrastructure Private Equity and Other 2022 Total 2021 Total Assets Cash and cash equivalents $ — $ 9 $ 37 $ — $ 46 $ 213 Accounts receivable and other 2 12 33 107 154 298 Equity accounted investments 277 — 138 (8) 407 276 Investment properties 388 — — — 388 9,053 Property, plant and equipment 6 910 4 107 1,027 1,874 Intangible assets — — 582 130 712 — Goodwill — — 21 11 32 220 Other long-term assets 14 6 41 — 61 — Deferred income tax assets — — — 3 3 24 Assets classified as held for sale $ 687 $ 937 $ 856 $ 350 $ 2,830 $ 11,958 Liabilities Accounts payable and other $ 4 $ 181 $ 81 $ 38 $ 304 $ 139 Non-recourse borrowings of managed entities — 171 394 4 569 3,009 Deferred income tax liabilities — — 3 — 3 — Liabilities associated with assets classified as held for sale $ 4 $ 352 $ 478 $ 42 $ 876 $ 3,148 As at December 31, 2022, assets held for sale within our Real Estate segment include three malls in the U.S., two hospitality assets in the U.S., and one office asset in the U.S. Assets held for sale within our Renewable Power segment include a 378 MW operating hydroelectric portfolio in the U.S., as well as wind assets in the U.S. that were acquired as part of the acquisition of a renewables developer. Assets held for sale within our Infrastructure segment include the agreement to sell our Indian toll road operations, as well as the agreement from one of our subsidiaries to sell its 50% interest in a freeland port in Victoria, Australia.

EQUITY ACCOUNTED INVESTMENTS (T

EQUITY ACCOUNTED INVESTMENTS (Tables)	12 Months Ended
EQUITY ACCOUNTED INVESTMENTS (Tables)	Dec. 31, 2022
Investments in subsidiaries, joint ventures and associates reported in separate financial statements [abstract]
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 2022 Total 2021 Total Balance, beginning of year $ 5,596 $ 25,186 $ 9,569 $ 2,992 $ 2,757 $ 46,100 $ 41,327 Additions, net of disposals 1 446 (3,063) 2,602 74 1,225 1,284 4,013 Acquisitions through business combinations — 222 — 461 (1) 682 72 Share of comprehensive income (loss) 235 1,492 894 232 (388) 2,465 3,387 Distributions received (350) (550) (1,178) (170) (86) (2,334) (1,758) Return of capital — (430) — (2) — (432) (273) Foreign currency translation and other — (593) (43) (13) (22) (671) (668) Balance, end of year $ 5,927 $ 22,264 $ 11,844 $ 3,574 $ 3,485 $ 47,094 $ 46,100 1. Includes assets sold and amounts reclassified to held for sale.
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: 2022 2021 FOR THE YEARS ENDED DEC. 31 (MILLIONS) Revenue Net Income OCI Revenue Net Income OCI Oaktree $ 1,489 $ 579 $ 15 $ 2,308 $ 1,355 $ 7 Real Estate Associates Transitional and Development (12) 128 — — — — LP Investments and other 230 (6) 69 84 (133) 949 Joint ventures Core 1,192 1,234 143 1,917 1,404 100 Transitional and Development 3,468 718 94 2,602 1,215 — LP Investments and other 1,362 350 312 1,114 457 321 Infrastructure Associates Utilities 1,306 32 (112) 1,336 521 28 Transport 2,561 (132) 307 11,685 1,570 (433) Data 815 (23) 247 2,460 70 73 Other 173 (349) 600 50 (66) 56 Joint ventures Utilities 869 183 171 — — — Transport 14,372 1,580 93 123 4 (2) Midstream 918 220 67 783 137 — Data 1,571 337 522 — — — Private Equity Associates Industrial operations 3,462 456 9 3,082 424 (4) Other 6,077 320 (28) 5,215 (233) (113) Renewable Power and Transition and other Renewable Power and Transition associates 3,487 359 (583) 2,891 (208) (15) Other equity accounted investments 5,100 492 (870) 7,344 (46) (15) $ 48,440 $ 6,478 $ 1,056 $ 42,994 $ 6,471 $ 952

PROPERTY, PLANT AND EQUIPMENT (

PROPERTY, PLANT AND EQUIPMENT (Tables)	12 Months Ended
PROPERTY, PLANT AND EQUIPMENT (Tables)	Dec. 31, 2022
Property, plant and equipment [abstract]
Disclosure of detailed information about property, plant and equipment	The company’s PP&E 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) 2022 2021 2022 2021 2022 2021 2022 2021 2022 2021 Costs $ 34,483 $ 30,588 $ 39,440 $ 39,769 $ 15,367 $ 11,568 $ 23,024 $ 21,083 $ 112,314 $ 103,008 Accumulated fair value changes 30,726 28,138 3,251 3,077 1,794 881 (841) (1,022) 34,930 31,074 Accumulated depreciation (9,966) (8,409) (5,398) (4,191) (1,799) (1,481) (5,813) (4,512) (22,976) (18,593) Total 1 $ 55,243 $ 50,317 $ 37,293 $ 38,655 $ 15,362 $ 10,968 $ 16,370 $ 15,549 $ 124,268 $ 115,489

INTANGIBLE ASSETS (Tables)

INTANGIBLE ASSETS (Tables)	12 Months Ended
INTANGIBLE ASSETS (Tables)	Dec. 31, 2022
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) 2022 2021 2022 2021 2022 2021 Balance, beginning of year $ 34,810 $ 27,946 $ (4,201) $ (3,288) $ 30,609 $ 24,658 Additions 746 251 — — 746 251 Disposals 1 (2,434) (972) 259 383 (2,175) (589) Acquisitions through business combinations 12,011 8,639 2 — 12,013 8,639 Amortization — — (2,138) (1,477) (2,138) (1,477) Foreign currency translation (724) (1,054) 80 181 (644) (873) Balance, end of year $ 44,409 $ 34,810 $ (5,998) $ (4,201) $ 38,411 $ 30,609 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 2022 2021 Private Equity (a) $ 25,032 $ 14,806 Infrastructure (b) 11,822 14,214 Real Estate (c) 1,202 1,226 Renewable Power and Transition and other 355 363 $ 38,411 $ 30,609

GOODWILL (Tables)

GOODWILL (Tables)	12 Months Ended
GOODWILL (Tables)	Dec. 31, 2022
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) 2022 2021 2022 2021 2022 2021 Balance, beginning of year $ 21,216 $ 15,539 $ (989) $ (825) $ 20,227 $ 14,714 Acquisitions through business combinations 9,581 6,591 — — 9,581 6,591 Impairment losses — — (121) (177) (121) (177) Foreign currency translation and other 1 (1,030) (914) 5 13 (1,025) (901) Balance, end of year $ 29,767 $ 21,216 $ (1,105) $ (989) $ 28,662 $ 20,227
Disclosure of detailed information about goodwill	Goodwill is allocated to the following operating segments: AS AT DEC. 31 (MILLIONS) Note 2022 2021 Private Equity (a) $ 16,264 $ 8,657 Infrastructure (b) 8,789 8,979 Real Estate (c) 1,756 1,264 Renewable Power and Transition (d) 1,500 966 Asset Management 353 361 Total $ 28,662 $ 20,227

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
INCOME TAXES (Tables)	Dec. 31, 2022
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) 2022 2021 Current income tax expense $ (1,278) $ (1,114) Deferred income tax expense (191) (1,210) Income tax expense $ (1,469) $ (2,324) The major components of income tax expense for the years ended December 31, 2022 and 2021 are set out below: FOR THE YEARS ENDED DEC. 31 (MILLIONS) 2022 2021 Current income tax expense $ 1,278 $ 1,114 Deferred income tax expense / (recovery) Origination and reversal of temporary differences 690 1,044 Recovery arising from previously unrecognized tax assets (447) (251) Change of tax rates and new legislation (52) 417 Total deferred income tax expense 191 1,210 Income tax expense $ 1,469 $ 2,324
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 2022 2021 Statutory income tax rate 26 % 26 % (Reduction) increase in rate resulting from: Change in tax rates and new legislation (1) 3 International operations subject to different tax rates 3 (1) Taxable income attributable to non-controlling interests (3) (10) Portion of gains subject to different tax rates (2) (3) Recognition of deferred tax assets (6) (2) Non-recognition of the benefit of current year’s tax losses 3 2 Other 2 1 Effective income tax rate 22 % 16 %
Schedule of deferred income tax assets and liabilities	Deferred income tax assets and liabilities as at December 31, 2022 and 2021 relate to the following: AS AT DEC. 31 (MILLIONS) 2022 2021 Non-capital losses (Canada) $ 1,666 $ 1,339 Capital losses (Canada) 77 53 Losses (U.S.) 3,959 3,561 Losses (International) 1,814 1,474 Difference in basis (27,303) (23,415) Total net deferred tax liabilities $ (19,787) $ (16,988)
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) 2022 2021 One year from reporting date $ 29 $ 8 Two years from reporting date 11 30 Three years from reporting date 12 15 After three years from reporting date 672 487 Do not expire 1,833 1,891 Total $ 2,557 $ 2,431
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, 2022 and 2021 are set out below: FOR THE YEARS ENDED DEC. 31 (MILLIONS) 2022 2021 Revaluation of property, plant and equipment $ 1,187 $ 1,549 Financial contracts and power sale agreements 315 89 Fair value through OCI securities (127) 83 Foreign currency translation 87 (21) Revaluation of pension obligation 61 71 Total deferred tax in other comprehensive income $ 1,523 $ 1,771

CORPORATE BORROWINGS (Tables)

CORPORATE BORROWINGS (Tables)	12 Months Ended
CORPORATE BORROWINGS (Tables)	Dec. 31, 2022
Disclosure of financial liabilities [abstract]
Disclosure of corporate borrowings	AS AT DEC. 31 (MILLIONS) Maturity Annual Rate Currency 2022 2021 Term debt Public – Canadian Mar. 8, 2024 5.04 % C$ $ 369 $ 396 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$ 632 679 Public – U.S. Jun. 2, 2026 4.25 % US$ 497 497 Public – Canadian Mar. 16, 2027 3.80 % C$ 369 396 Public – U.S. Jan. 25, 2028 3.90 % US$ 1,073 649 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$ 500 500 Public – U.S. Jan. 30, 2032 2.34 % US$ 600 600 Public – Canadian Dec. 14, 2032 5.43 % C$ 738 — Public – U.S. Mar. 1, 2033 7.38 % US$ 250 250 Public – Canadian Jun. 14, 2035 5.95 % C$ 312 334 Private – Japanese Dec. 1, 2038 1.42 % JPY 76 87 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$ 758 758 Public – U.S. Feb. 15, 2052 3.63 % US$ 400 — Public – U.S. Oct. 16, 2080 4.63 % US$ 400 400 11,467 10,039 Revolving facilities 1 — 912 Deferred financing costs 2 (77) (76) Total $ 11,390 $ 10,875 1. Reflects commercial paper and credit facility draws outstanding as at December 31, 2022. AS AT DEC. 31 (MILLIONS) Note 2022 2021 Subsidiary borrowings (a) $ 15,140 $ 12,876 Property-specific borrowings (b) 187,544 152,181 Total $ 202,684 $ 165,057 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 Total 2023 $ 725 $ 249 $ 464 $ 31 $ 1,469 2024 826 — 517 45 1,388 2025 369 295 — 51 715 2026 369 — — 369 2027 3,412 369 428 2,100 6,309 Thereafter 1,034 1,642 2,279 — 4,955 Total Principal repayments 6,735 2,555 3,688 2,227 15,205 Deferred financing costs and other (33) (9) (22) (1) (65) Total – Dec. 31, 2022 $ 6,702 $ 2,546 $ 3,666 $ 2,226 $ 15,140 Total – Dec. 31, 2021 $ 6,265 $ 2,147 $ 2,719 $ 1,745 $ 12,876 The current and non-current balances of subsidiary borrowings are as follows: AS AT DEC. 31 (MILLIONS) 2022 2021 Current $ 1,469 $ 635 Non-current 13,671 12,241 Total $ 15,140 $ 12,876 Subsidiary borrowings by currency include the following: AS AT DEC. 31 (MILLIONS) 2022 Local Currency 2021 Local Currency U.S. dollars $ 7,850 US$ 7,850 6,362 US$ 6,362 Canadian dollars 7,217 C$ 9,776 6,429 C$ 8,130 Brazilian reais 73 Rs 381 85 Rs 472 Total $ 15,140 $ 12,876 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 Total 2023 $ 31,016 $ 2,092 $ 4,446 $ 4,274 $ 41,828 2024 20,400 3,657 3,048 7,933 35,038 2025 12,025 1,458 3,153 5,513 22,149 2026 6,228 2,089 4,877 9,104 22,298 2027 7,802 1,168 2,942 3,628 15,540 Thereafter 9,090 12,401 11,793 19,247 52,531 Total Principal repayments 86,561 22,865 30,259 49,699 189,384 Deferred financing costs and other (511) (39) (378) (912) (1,840) Total – Dec. 31, 2022 $ 86,050 $ 22,826 $ 29,881 $ 48,787 $ 187,544 Total – Dec. 31, 2021 $ 75,807 $ 19,893 $ 28,515 $ 27,966 $ 152,181 The current and non-current balances of property-specific borrowings are as follows: AS AT DEC. 31 (MILLIONS) 2022 2021 Current $ 41,828 $ 31,244 Non-current 145,716 120,937 Total $ 187,544 $ 152,181 Property-specific borrowings by currency include the following: AS AT DEC. 31 (MILLIONS) 2022 Local Currency 2021 Local Currency U.S. dollars $ 109,555 US$ 109,555 $ 86,610 US$ 86,610 British pounds 10,660 £ 8,823 12,446 £ 9,197 Indian rupees 7,653 Rs 632,457 8,223 Rs 613,684 Canadian dollars 15,938 C$ 21,590 16,660 C$ 21,054 Euros 20,316 € 18,986 12,722 € 11,204 Australian dollars 8,650 A$ 12,696 4,392 A$ 6,048 Brazilian reais 7,572 R$ 39,500 4,919 R$ 27,449 Colombian pesos 2,524 COP$ 12,157,354 2,367 COP$ 9,480,307 Korean won 1,822 ₩ 2,296,121 1,910 ₩ 2,271,074 Other currencies 2,854 Various n/a 1,932 Various n/a Total $ 187,544 $ 152,181

ACCOUNTS PAYABLE AND OTHER (Tab

ACCOUNTS PAYABLE AND OTHER (Tables)	12 Months Ended
ACCOUNTS PAYABLE AND OTHER (Tables)	Dec. 31, 2022
Subclassifications of assets, liabilities and equities [abstract]
Schedule of accounts payable and other liabilities	AS AT DEC. 31 (MILLIONS) 2022 2021 Accounts payable $ 12,743 $ 11,258 Provisions 3,591 4,244 Lease liabilities 8,506 9,041 Other liabilities 32,225 28,003 Total $ 57,065 $ 52,546
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) 2022 2021 Current $ 33,574 $ 29,136 Non-current 23,491 23,410 Total $ 57,065 $ 52,546
Schedule of post-employment benefit plans	AS AT DEC. 31 (MILLIONS) 2022 2021 Plan assets $ 2,560 $ 3,503 Less accrued benefit obligation: Defined benefit pension plan (3,141) (4,352) Other post-employment benefits (128) (163) Net liability (709) (1,012) Less: net actuarial losses and other (11) (29) Accrued benefit liability $ (720) $ (1,041)

NON-RECOURSE BORROWINGS (Tables

NON-RECOURSE BORROWINGS (Tables)	12 Months Ended
NON-RECOURSE BORROWINGS (Tables)	Dec. 31, 2022
Disclosure of financial liabilities [abstract]
Disclosure of corporate borrowings	AS AT DEC. 31 (MILLIONS) Maturity Annual Rate Currency 2022 2021 Term debt Public – Canadian Mar. 8, 2024 5.04 % C$ $ 369 $ 396 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$ 632 679 Public – U.S. Jun. 2, 2026 4.25 % US$ 497 497 Public – Canadian Mar. 16, 2027 3.80 % C$ 369 396 Public – U.S. Jan. 25, 2028 3.90 % US$ 1,073 649 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$ 500 500 Public – U.S. Jan. 30, 2032 2.34 % US$ 600 600 Public – Canadian Dec. 14, 2032 5.43 % C$ 738 — Public – U.S. Mar. 1, 2033 7.38 % US$ 250 250 Public – Canadian Jun. 14, 2035 5.95 % C$ 312 334 Private – Japanese Dec. 1, 2038 1.42 % JPY 76 87 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$ 758 758 Public – U.S. Feb. 15, 2052 3.63 % US$ 400 — Public – U.S. Oct. 16, 2080 4.63 % US$ 400 400 11,467 10,039 Revolving facilities 1 — 912 Deferred financing costs 2 (77) (76) Total $ 11,390 $ 10,875 1. Reflects commercial paper and credit facility draws outstanding as at December 31, 2022. AS AT DEC. 31 (MILLIONS) Note 2022 2021 Subsidiary borrowings (a) $ 15,140 $ 12,876 Property-specific borrowings (b) 187,544 152,181 Total $ 202,684 $ 165,057 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 Total 2023 $ 725 $ 249 $ 464 $ 31 $ 1,469 2024 826 — 517 45 1,388 2025 369 295 — 51 715 2026 369 — — 369 2027 3,412 369 428 2,100 6,309 Thereafter 1,034 1,642 2,279 — 4,955 Total Principal repayments 6,735 2,555 3,688 2,227 15,205 Deferred financing costs and other (33) (9) (22) (1) (65) Total – Dec. 31, 2022 $ 6,702 $ 2,546 $ 3,666 $ 2,226 $ 15,140 Total – Dec. 31, 2021 $ 6,265 $ 2,147 $ 2,719 $ 1,745 $ 12,876 The current and non-current balances of subsidiary borrowings are as follows: AS AT DEC. 31 (MILLIONS) 2022 2021 Current $ 1,469 $ 635 Non-current 13,671 12,241 Total $ 15,140 $ 12,876 Subsidiary borrowings by currency include the following: AS AT DEC. 31 (MILLIONS) 2022 Local Currency 2021 Local Currency U.S. dollars $ 7,850 US$ 7,850 6,362 US$ 6,362 Canadian dollars 7,217 C$ 9,776 6,429 C$ 8,130 Brazilian reais 73 Rs 381 85 Rs 472 Total $ 15,140 $ 12,876 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 Total 2023 $ 31,016 $ 2,092 $ 4,446 $ 4,274 $ 41,828 2024 20,400 3,657 3,048 7,933 35,038 2025 12,025 1,458 3,153 5,513 22,149 2026 6,228 2,089 4,877 9,104 22,298 2027 7,802 1,168 2,942 3,628 15,540 Thereafter 9,090 12,401 11,793 19,247 52,531 Total Principal repayments 86,561 22,865 30,259 49,699 189,384 Deferred financing costs and other (511) (39) (378) (912) (1,840) Total – Dec. 31, 2022 $ 86,050 $ 22,826 $ 29,881 $ 48,787 $ 187,544 Total – Dec. 31, 2021 $ 75,807 $ 19,893 $ 28,515 $ 27,966 $ 152,181 The current and non-current balances of property-specific borrowings are as follows: AS AT DEC. 31 (MILLIONS) 2022 2021 Current $ 41,828 $ 31,244 Non-current 145,716 120,937 Total $ 187,544 $ 152,181 Property-specific borrowings by currency include the following: AS AT DEC. 31 (MILLIONS) 2022 Local Currency 2021 Local Currency U.S. dollars $ 109,555 US$ 109,555 $ 86,610 US$ 86,610 British pounds 10,660 £ 8,823 12,446 £ 9,197 Indian rupees 7,653 Rs 632,457 8,223 Rs 613,684 Canadian dollars 15,938 C$ 21,590 16,660 C$ 21,054 Euros 20,316 € 18,986 12,722 € 11,204 Australian dollars 8,650 A$ 12,696 4,392 A$ 6,048 Brazilian reais 7,572 R$ 39,500 4,919 R$ 27,449 Colombian pesos 2,524 COP$ 12,157,354 2,367 COP$ 9,480,307 Korean won 1,822 ₩ 2,296,121 1,910 ₩ 2,271,074 Other currencies 2,854 Various n/a 1,932 Various n/a Total $ 187,544 $ 152,181

SUBSIDIARY PUBLIC ISSUERS AND_2

SUBSIDIARY PUBLIC ISSUERS AND FINANCE SUBSIDIARY (Tables)	12 Months Ended
SUBSIDIARY PUBLIC ISSUERS AND FINANCE SUBSIDIARY (Tables)	Dec. 31, 2022
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 2022 2021 Brookfield Asset Management ULC (“BAM”) 3 British Columbia 25.0 % n/a Brookfield Renewable Partners L.P. (“BEP”) 4 Bermuda 51.7 % 51.7 % Brookfield Infrastructure Partners L.P. (“BIP”) 5 Bermuda 72.9 % 72.8 % Brookfield Business Partners L.P. (“BBU”) 6 Bermuda 34.8 % 35.6 % 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 and BBU 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 and BBU’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. On December 9, 2022, the company made a $2.4 billion special distribution of a 25% interest in Brookfield Asset Management ULC, our asset management business, which was previously wholly-owned by the company. 4. Ownership interest held by non-controlling interests represents the combined units not held in BEP and Brookfield Renewable Corporation (“BEPC”). 5. Ownership interest held by non-controlling interests represents the combined units not held in BIP and Brookfield Infrastructure Corporation (“BIPC”). 6. Ownership interest held by non-controlling interests represents the combined units not held in BBU and Brookfield Business Corporation (“BBUC”). The following tables contain summarized financial information of the Corporation, BFI, BFI II, BFL, BFL II, BF AUS, BF U.K., the US LLC Issuer, BIC and non-guarantor subsidiaries: AS AT AND FOR THE YEAR ENDED DEC. 31, 2022 The Corporation 1 BFI BFI II BFL BFL II BF BF US LLC Issuer BIC Other Subsidiaries of the Corporation 2 Consolidating Adjustments 3 The Company Revenues $ 2,491 $ 284 $ 2 $ 30 $ — $ — $ 35 $ — $ 507 $ 111,633 $ (22,213) $ 92,769 Net income (loss) attributable to shareholders 2,056 (8) — — — — 11 — 487 18,598 (19,088) 2,056 Total assets 71,514 9,769 740 16 — — 232 — 4,170 492,799 (137,956) 441,284 Total liabilities 27,761 8,544 737 6 — — 4 — 3,520 297,397 (38,576) 299,393 Non-controlling interest – preferred equity — — — — — — 230 — — — — 230 AS AT AND FOR THE YEAR ENDED DEC. 31, 2021 The Corporation 1 BFI BFI II BFL BFL II BF BF US LLC Issuer 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 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., US LLC Issuer and BFL II on a combined basis. 3. This column includes the necessary amounts to present the company on a consolidated basis.

REVENUES (Tables)

REVENUES (Tables)	12 Months Ended
REVENUES (Tables)	Dec. 31, 2022
Disclosure of disaggregation of revenue from contracts with customers [abstract]
Disclosure of maturity analysis of finance lease payments receivable [text block]	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 $8.2 billion ( 2021 – $6.7 billion) including $182 million ( 2021 – $147 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, 2022 (MILLIONS) Less than 1 Year 1 – 3 Years 4 – 5 Years After 5 Years Total Receivables from lease contracts $ 5,719 $ 9,072 $ 7,038 $ 15,983 $ 37,812 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

FAIR VALUE CHANGES (Tables)

FAIR VALUE CHANGES (Tables)	12 Months Ended
FAIR VALUE CHANGES (Tables)	Dec. 31, 2022
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) 2022 2021 Investment properties $ 629 $ 5,073 Transaction related (expenses) income (533) 714 Financial contracts (163) 984 Impairment and provisions (293) (654) Other fair value changes (617) (966) $ (977) $ 5,151

DERIVATIVE FINANCIAL INSTRUME_2

DERIVATIVE FINANCIAL INSTRUMENTS (Tables)	12 Months Ended
DERIVATIVE FINANCIAL INSTRUMENTS (Tables)	Dec. 31, 2022
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 as at December 31, 2022 and 2021 is as follows: AS AT DEC. 31 (MILLIONS) Note 2022 2021 Foreign exchange (a) $ 50,361 $ 63,083 Interest rates (b) 60,600 55,899 Equity derivatives (c) 1,942 4,448 Commodity instruments (d) Energy (GWh) 69,902 35,156 Natural gas (MMBtu – 000’s) 128,381 246,375 The company held the following foreign exchange contracts with notional amounts as at December 31, 2022 and 2021: Notional Amount (U.S. Dollars) Average Exchange Rate (MILLIONS) 2022 2021 2022 2021 Foreign exchange contracts Canadian dollars $ 7,381 $ 11,689 0.76 0.81 British pounds 6,880 12,089 1.12 1.19 European Union euros 10,074 9,939 1.01 1.14 Australian dollars 4,088 4,791 0.69 0.72 Indian rupee 3,921 3,281 73.72 78.90 Korean won 1 923 756 1,293 1,151 Chinese yuan 1 4,166 2,484 6.07 6.02 Japanese yen 1 378 793 116.26 111.27 Colombian pesos 1 355 740 4,800 3,937 Brazilian reais 1,371 1,291 0.16 0.16 Swedish krona — 1,475 — 9.08 Other currencies 2,765 2,799 Various Various Cross currency interest rate swaps Canadian dollars 5,673 5,566 0.77 0.63 European Union euros — 848 — 1.06 Australian dollars 634 1,317 0.93 0.98 Japanese yen 1 275 750 130.68 113.33 British pounds 243 298 1.21 1.48 Brazilian reais 1 749 — — — Foreign exchange futures Brazilian reais — 175 — 0.18 Foreign exchange options European Union euros — 1,430 — 1.11 Indian rupee 485 572 78.73 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, 2022 and 2021, for derivatives that are fair valued through profit or loss, and derivatives that qualify for hedge accounting: (MILLIONS) Unrealized Gains During 2022 Unrealized Losses During 2022 Net Change During 2022 Net Change During 2021 Foreign exchange derivatives $ 192 $ (169) $ 23 $ (53) Interest rate derivatives 575 (156) 419 183 Equity derivatives 69 (365) (296) 757 Commodity derivatives 177 (469) (292) (183) $ 1,013 $ (1,159) $ (146) $ 704 The following table presents the notional amounts underlying the company’s derivative instruments by term to maturity as at December 31, 2022 and 2021, for derivatives that are classified as fair value through profit or loss, and derivatives that qualify for hedge accounting: 2022 2021 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 $ 4,440 $ 1,671 $ 965 $ 7,076 $ 10,933 Interest rate derivatives 10,126 8,578 1,272 19,976 19,661 Equity derivatives 866 1,002 73 1,941 4,353 Commodity instruments Energy (GWh) 3,456 21,743 26,571 51,770 17,403 Natural gas (MMBtu – 000’s) 50,703 9,875 — 60,578 152,753 Elected for hedge accounting Foreign exchange derivatives $ 12,956 $ 29,530 $ 800 $ 43,286 $ 52,150 Interest rate derivatives 5,916 31,597 3,111 40,624 36,238 Equity derivatives — — — — 95 Commodity instruments Energy (GWh) 6,574 8,868 2,691 18,133 17,754 Natural gas (MMBtu – 000’s) 52,168 15,635 — 67,803 93,623
Disclosure of derivatives elected for hedge accounting	The following table classifies derivatives elected for hedge accounting during the years ended December 31, 2022 and 2021 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: 2022 2021 FOR THE YEARS ENDED DEC. 31 Notional Effective Portion Ineffective Portion Notional Effective Portion Ineffective Portion Cash flow hedges 1 $ 47,860 $ 2,081 $ 13 $ 43,776 $ 582 $ 24 Net investment hedges 35,198 2,998 — 43,997 407 (14) $ 83,058 $ 5,079 $ 13 $ 87,773 $ 989 $ 10 1. Notional amount does not include 18,133 GWh and 67,803 MMBtu – 000’s – of commodity derivatives as at December 31, 2022 (2021 – 17,753 GWh, 93,623 MMBtu – 000’s and 1,152 bbls – millions).

MANAGEMENT OF RISKS ARISING F_2

MANAGEMENT OF RISKS ARISING FROM HOLDING FINANCIAL INSTRUMENTS (Tables)	12 Months Ended
	Dec. 31, 2022
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 as at December 31, 2022 and 2021. Payments Due by Period AS AT DEC. 31, 2022 (MILLIONS) <1 Year 1 to 3 Years 4 to 5 Years After 5 Years Total Principal repayments Corporate borrowings 1 $ — $ 1,608 $ 1,486 $ 8,296 $ 11,390 Non-recourse borrowings of managed entities 42,883 58,726 44,119 56,956 202,684 Subsidiary equity obligations 1,187 746 553 1,702 4,188 Interest expense 2 Corporate borrowings 484 863 728 3,916 5,991 Non-recourse borrowings 10,597 16,016 11,432 18,320 56,365 Subsidiary equity obligations 152 273 182 563 1,170 Lease obligations 3 1,186 1,855 1,540 13,192 17,773 1. As at December 31, 2022, there was no commercial paper outstanding or draws on the revolving credit facilities. 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, 2021 (MILLIONS) <1 Year 1 to 3 Years 4 to 5 Years After 5 Years Total Principal repayments Corporate borrowings 1 $ 462 $ 1,138 $ 2,104 $ 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 less than 1 year represents $462 million of outstanding commercial paper 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.

RELATED PARTY TRANSACTIONS RELA

RELATED PARTY TRANSACTIONS RELATED PARTY TRANSACTIONS (Tables)	12 Months Ended
	Dec. 31, 2022
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, 2022 and 2021 was as follows: FOR THE YEARS ENDED DEC. 31 (MILLIONS) 2022 2021 Salaries, incentives and short-term benefits 1 $ 14 $ 16 Share-based payments 1 38 56 $ 52 $ 72
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, 2022 and 2021: FOR THE YEARS ENDED DEC. 31 (MILLIONS) 2022 2021 Management fees earned $ 102 $ 24

ORGANIZATION AND CAPITAL MANA_3

ORGANIZATION AND CAPITAL MANAGEMENT - Narrative (Details)	12 Months Ended
ORGANIZATION AND CAPITAL MANAGEMENT - Narrative (Details)	Dec. 31, 2022
Summary of the Corporation's Capital [Line Items]
Proportion of ownership interest in subsidiary	25%
Bottom of range
Summary of the Corporation's Capital [Line Items]
Target return	1,500%

ORGANIZATION AND CAPITAL MANA_4

ORGANIZATION AND CAPITAL MANAGEMENT - Summary of the Corporation's capital (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Management Commentary Explanatory [Line Items]
Financial assets	$ 61,175	$ 44,558
Other financial assets	26,899	16,546
Common Equity in Managed Investments	0	0
Corporation's Capital	355,965	310,673
Equity	141,891	134,741
Non-controlling interest - preferred equity	230	230
Financial liabilities	266,821	223,744
Corporate borrowings
Management Commentary Explanatory [Line Items]
Financial liabilities	11,390	10,875
Non-controlling interests
Management Commentary Explanatory [Line Items]
Equity	98,138	88,386
Common shares \| Common equity
Management Commentary Explanatory [Line Items]
Equity	39,608	42,210
Common shares \| Non-controlling interests
Management Commentary Explanatory [Line Items]
Equity	92,991	82,898
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	5,147	5,488
Cash And Cash Equivalents1
Management Commentary Explanatory [Line Items]
Financial assets	14,396	12,694
The Corporation
Management Commentary Explanatory [Line Items]
Other financial assets	6,959	3,430
Common Equity in Managed Investments	44,413	46,248
Other Assets and Liabilities	4,895	6,585
Corporation's Capital	57,831	57,460
The Corporation \| Corporate borrowings
Management Commentary Explanatory [Line Items]
Financial liabilities	11,390	10,875
The Corporation \| Common shares \| Common equity
Management Commentary Explanatory [Line Items]
Equity	39,608	42,210
The Corporation \| Preferred shares \| Preferred equity
Management Commentary Explanatory [Line Items]
Equity	4,145
Non-controlling interest - preferred equity	2,688	230
The Corporation \| Cash And Cash Equivalents1
Management Commentary Explanatory [Line Items]
Financial assets	1,564	1,197
Managed Investments
Management Commentary Explanatory [Line Items]
Financial assets		11,497
Other financial assets	19,940	13,116
Common Equity in Managed Investments	0	0
Corporation's Capital	342,547	299,461
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	44,413	46,248
Managed Investments \| Preferred shares \| Preferred equity
Management Commentary Explanatory [Line Items]
Equity	0	0
Non-controlling interest - preferred equity	95,450	88,156
Managed Investments \| Cash And Cash Equivalents1
Management Commentary Explanatory [Line Items]
Financial assets	12,832
Elimination
Management Commentary Explanatory [Line Items]
Financial assets	0	0
Other financial assets	0	0
Common Equity in Managed Investments	(44,413)	(46,248)
Corporation's Capital	(44,413)	(46,248)
Equity	0
Elimination \| Corporate borrowings
Management Commentary Explanatory [Line Items]
Financial liabilities	0	0
Elimination \| Common shares \| Common equity
Management Commentary Explanatory [Line Items]
Equity	(44,413)	(46,248)
Elimination \| Preferred shares \| Preferred equity
Management Commentary Explanatory [Line Items]
Equity		0
Non-controlling interest - preferred equity	$ 0	$ 0

ORGANIZATION AND CAPITAL MANA_5

ORGANIZATION AND CAPITAL MANAGEMENT - Reconciliation of the Corporation's Capital (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Management Commentary Explanatory [Line Items]
Financial assets	$ 61,175	$ 44,558
Other financial assets	26,899	16,546
Accounts receivable and other	27,378	21,760
Inventory	12,843	11,415
Equity accounted investments	47,094	46,100	$ 41,327
Investment properties	115,100	100,865	96,782
Property, plant and equipment	124,268	115,489
Intangible assets	38,411	30,609	24,658
Goodwill	28,662	20,227	$ 14,714
Deferred income tax assets	3,403	3,340
Accounts payable and other	(57,065)	(52,546)
Liabilities associated with assets classified as held for sale	(876)	(3,148)
Deferred income tax liabilities	(23,190)	(20,328)
Subsidiary equity obligations	(4,188)	(4,308)
Net Assets Before Common Equity in Managed Investments	355,965	310,673
Common Equity in Managed Investments	0	0
Corporation's Capital	355,965	310,673
Financial liabilities	266,821	223,744
Non-recourse borrowings of managed entities	202,684	165,057
Equity	141,891	134,741
Non-controlling interest - preferred equity	230	230
Assets classified as held for sale	2,830	11,958
Corporate borrowings
Management Commentary Explanatory [Line Items]
Financial liabilities	11,390	10,875
Cash And Cash Equivalents1
Management Commentary Explanatory [Line Items]
Financial assets	14,396	12,694
Assets and liabilities classified as held for sale
Management Commentary Explanatory [Line Items]
Accounts receivable and other	154	298
Assets classified as held for sale		11,958
Equity accounted investments	407	276
Investment properties	388	9,053
Property, plant and equipment	1,027	1,874
Intangible assets	712	0
Goodwill	32	220
Deferred income tax assets	3	24
Accounts payable and other	(304)	(139)
Liabilities associated with assets classified as held for sale	(876)
Deferred income tax liabilities	(3)	0
Non-recourse borrowings of managed entities	569	3,009
Assets classified as held for sale	2,830
Non-controlling interests
Management Commentary Explanatory [Line Items]
Equity	98,138	88,386
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	5,147	5,488
Common shares \| Non-controlling interests
Management Commentary Explanatory [Line Items]
Equity	92,991	82,898
Common shares \| Common equity
Management Commentary Explanatory [Line Items]
Equity	39,608	42,210
The Corporation
Management Commentary Explanatory [Line Items]
Other financial assets	6,959	3,430
Accounts receivable and other	3,317	2,697
Inventory	2	2
Equity accounted investments	7,151	6,553
Investment properties	27	16
Property, plant and equipment	214	215
Intangible assets	206	215
Goodwill	354	361
Deferred income tax assets	1,769	2,064
Accounts payable and other	(7,123)	(5,104)
Deferred income tax liabilities	(581)	(299)
Subsidiary equity obligations	(441)	(135)
Net Assets Before Common Equity in Managed Investments	13,418	11,212
Common Equity in Managed Investments	44,413	46,248
Corporation's Capital	57,831	57,460
The Corporation \| Corporate borrowings
Management Commentary Explanatory [Line Items]
Financial liabilities	11,390	10,875
The Corporation \| Cash And Cash Equivalents1
Management Commentary Explanatory [Line Items]
Financial assets	1,564	1,197
The Corporation \| Preferred shares \| Preferred equity
Management Commentary Explanatory [Line Items]
Equity	4,145
Non-controlling interest - preferred equity	2,688	230
The Corporation \| Common shares \| Common equity
Management Commentary Explanatory [Line Items]
Equity	39,608	42,210
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
Other financial assets	19,940	13,116
Accounts receivable and other	24,310	19,694
Inventory	12,841	11,413
Assets classified as held for sale	2,830	11,958
Equity accounted investments	39,943	39,547
Investment properties	115,073	100,849
Property, plant and equipment	124,054	115,274
Intangible assets	38,205	30,394
Goodwill	28,308	19,866
Deferred income tax assets	1,634	1,276
Accounts payable and other	(50,191)	(48,073)
Liabilities associated with assets classified as held for sale	(876)	(3,148)
Deferred income tax liabilities	(22,609)	(20,029)
Subsidiary equity obligations	(3,747)	(4,173)
Net Assets Before Common Equity in Managed Investments	342,547	299,461
Common Equity in Managed Investments	0	0
Corporation's Capital	342,547	299,461
Non-recourse borrowings of managed entities	202,684	165,057
Managed Investments \| Corporate borrowings
Management Commentary Explanatory [Line Items]
Financial liabilities	0	0
Managed Investments \| Cash And Cash Equivalents1
Management Commentary Explanatory [Line Items]
Financial assets	12,832
Managed Investments \| Preferred shares \| Preferred equity
Management Commentary Explanatory [Line Items]
Equity	0	0
Non-controlling interest - preferred equity	95,450	88,156
Managed Investments \| Common shares \| Common equity
Management Commentary Explanatory [Line Items]
Equity	44,413	46,248
Elimination
Management Commentary Explanatory [Line Items]
Financial assets	0	0
Other financial assets	0	0
Accounts receivable and other	(249)	(631)
Inventory	0	0
Assets classified as held for sale	0	0
Equity accounted investments	0	0
Investment properties	0	0
Property, plant and equipment	0	0
Intangible assets	0	0
Goodwill	0	0
Deferred income tax assets	0	0
Accounts payable and other	(249)	631
Liabilities associated with assets classified as held for sale	0	0
Deferred income tax liabilities	0	0
Subsidiary equity obligations	0	0
Net Assets Before Common Equity in Managed Investments	0	0
Common Equity in Managed Investments	(44,413)	(46,248)
Corporation's Capital	(44,413)	(46,248)
Non-recourse borrowings of managed entities	0	0
Equity	0
Elimination \| Corporate borrowings
Management Commentary Explanatory [Line Items]
Financial liabilities	0	0
Elimination \| Preferred shares \| Preferred equity
Management Commentary Explanatory [Line Items]
Equity		0
Non-controlling interest - preferred equity	0	0
Elimination \| Common shares \| Common equity
Management Commentary Explanatory [Line Items]
Equity	$ (44,413)	$ (46,248)

SIGNIFICANT ACCOUNTING POLICI_3

SIGNIFICANT ACCOUNTING POLICIES - Narrative (Details) $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($) yr	Dec. 31, 2021 USD ($) yr
Disclosure of initial application of standards or interpretations [line items]
Assets	$ 441,284	$ 391,003
Right-of-use assets	$ 4,400	$ 4,100
Renewable Power
Disclosure of initial application of standards or interpretations [line items]
Useful lives or depreciation rates, property, plant and equipment \| yr	35	31
Top of range
Disclosure of initial application of standards or interpretations [line items]
Useful life measured as period of time, intangible assets other than goodwill	21 years
Bottom of range
Disclosure of initial application of standards or interpretations [line items]
Useful life measured as period of time, intangible assets other than goodwill	15 years

SIGNIFICANT ACCOUNTING POLICI_4

SIGNIFICANT ACCOUNTING POLICIES - Property, Plant, and Equipment (Details)	12 Months Ended
	Dec. 31, 2022 yr
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	20
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, 2022
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	40 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
Proprietary technology
Disclosure of detailed information about intangible assets [line items]
Useful Lives Or Amortisation Rates, Intangible Assets Other Than Goodwill, Period	20 years

SEGMENTED INFORMATION - Narrati

SEGMENTED INFORMATION - Narrative (Details) $ in Millions	12 Months Ended
SEGMENTED INFORMATION - Narrative (Details) $ in Millions	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Disclosure of operating segments [line items]
Number of operating business groups	5
Number of reportable segments	6
Revenue	$ 92,769	$ 75,731
Interest	(10,702)	(7,604)
Realized disposition gains in fair value changes or equity	903	2,861
Realized disposition gains related to prior periods	794	2,000
Realized disposition gains recorded directly in equity	0	751
Realized Disposition Gain (Loss), in Fair Value Changes	$ 109	136
Proportion of ownership interest in subsidiary	25%
Asset management
Disclosure of operating segments [line items]
Revenue	$ 653	306
Private Equity
Disclosure of operating segments [line items]
Revenue	58,225	46,452
Elimination of intersegment amounts
Disclosure of operating segments [line items]
Revenue	4,491	5,381
Intersegment interest income and other revenues	(18)	33
Interest	6	28
Elimination of intersegment amounts \| Asset management
Disclosure of operating segments [line items]
Revenue	4,289	4,930
Elimination of intersegment amounts \| Private Equity
Disclosure of operating segments [line items]
Revenue	207	431
Revenue from construction contracts	$ 220	$ 418

SEGMENTED INFORMATION - Financi

SEGMENTED INFORMATION - Financial Information by Segment (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure of operating segments [line items]
Revenue	$ 92,769	$ 75,731
Funds From Operations From Equity Accounted Investments	4,453	3,806
Interest	(10,702)	(7,604)
Current income tax expense	(1,278)	(1,114)
Funds from operations	(6,294)	(7,558)
Equity	141,891	134,741
Equity accounted investments	47,094	46,100	$ 41,327
Additions to non-current assets	66,042	60,831
Other financial assets	26,899	16,546
Goodwill	28,662	20,227	14,714
Gross carrying amount [member]
Disclosure of operating segments [line items]
Goodwill	29,767	21,216	$ 15,539
Total
Disclosure of operating segments [line items]
Property, plant and equipment	7,973	17,235
Consideration transferred, acquisition-date fair value	30,507	18,430
Cash and cash equivalents recognised as of acquisition date	1,650	586
Accounts receivable and other	2,137	1,485
Other financial assets	4,769
Inventory	523	721
Equity accounted investments	683	72
Investment properties		988
Identifiable intangible assets recognised as of acquisition date	11,978	8,336
Goodwill	9,581	6,591
Deferred income tax assets	73	15
Accounts payable and other	4,351	5,401
Non-recourse borrowings	9,107	9,257
Deferred income tax liabilities	2,857	2,758
Non-controlling interests	1,980	183
Total assets	49,172	36,029
Liabilities Recognized as of Acquisition Date	18,295	17,599
Identifiable assets acquired (liabilities assumed)	$ 30,877	$ 18,430
Oaktree [Member]
Disclosure of operating segments [line items]
Proportion of ownership interest in associate or joint venture	64%	62%
Basis of Calculation	100%	100%
Common shares \| Common equity
Disclosure of operating segments [line items]
Equity	$ 39,608	$ 42,210
Elimination of intersegment amounts
Disclosure of operating segments [line items]
Revenue	4,491	5,381
Interest	6	28
Operating segments
Disclosure of operating segments [line items]
Revenue	97,260	81,112
Interest	(10,702)	(7,604)
Asset management
Disclosure of operating segments [line items]
Revenue	653	306
Funds From Operations From Equity Accounted Investments	346	558
Current income tax expense	(98)	(58)
Funds from operations	(2,518)	(2,524)
Equity accounted investments	4,664	4,496
Additions to non-current assets	193	0
Goodwill	353	361
Asset management \| Common shares \| Common equity
Disclosure of operating segments [line items]
Equity	6,884	4,905
Asset management \| Elimination of intersegment amounts
Disclosure of operating segments [line items]
Revenue	4,289	4,930
Asset management \| Elimination of intersegment amounts \| Oaktree [Member]
Disclosure of operating segments [line items]
Revenue	1,500	2,300
Asset management \| Operating segments
Disclosure of operating segments [line items]
Revenue	4,942	5,236
Interest	0	0
Corporate Activities
Disclosure of operating segments [line items]
Revenue	166	169
Funds From Operations From Equity Accounted Investments	418	63
Current income tax expense	(4)	20
Funds from operations	35	280
Equity accounted investments	2,487	2,056
Additions to non-current assets	1,021	1,332
Corporate Activities \| Common shares \| Common equity
Disclosure of operating segments [line items]
Equity	(11,688)	(8,942)
Corporate Activities \| Elimination of intersegment amounts
Disclosure of operating segments [line items]
Revenue	(41)	(18)
Corporate Activities \| Operating segments
Disclosure of operating segments [line items]
Revenue	125	151
Interest	(518)	(414)
Infrastructure
Disclosure of operating segments [line items]
Revenue	14,724	11,941
Funds From Operations From Equity Accounted Investments	1,893	1,697
Current income tax expense	(481)	(402)
Funds from operations	(640)	(797)
Equity accounted investments	11,844	9,569
Additions to non-current assets	6,604	18,248
Goodwill	8,789	8,979
Infrastructure \| Total
Disclosure of operating segments [line items]
Property, plant and equipment		10,179
Consideration transferred, acquisition-date fair value		5,462
Cash and cash equivalents recognised as of acquisition date		217
Accounts receivable and other		455
Inventory		23
Equity accounted investments		0
Investment properties		0
Identifiable intangible assets recognised as of acquisition date		3,734
Goodwill		2,400
Deferred income tax assets		9
Accounts payable and other		3,271
Non-recourse borrowings		6,698
Deferred income tax liabilities		1,430
Non-controlling interests		156
Total assets		17,017
Liabilities Recognized as of Acquisition Date		11,555
Identifiable assets acquired (liabilities assumed)		5,462
Infrastructure \| Common shares \| Common equity
Disclosure of operating segments [line items]
Equity	2,784	3,022
Infrastructure \| Elimination of intersegment amounts
Disclosure of operating segments [line items]
Revenue	4	6
Infrastructure \| Operating segments
Disclosure of operating segments [line items]
Revenue	14,728	11,947
Interest	(1,895)	(1,502)
Private Equity
Disclosure of operating segments [line items]
Revenue	58,225	46,452
Funds From Operations From Equity Accounted Investments	567	459
Current income tax expense	(473)	(542)
Funds from operations	(1,026)	(2,031)
Equity accounted investments	3,574	2,992
Additions to non-current assets	24,418	14,169
Goodwill	16,264	8,657
Private Equity \| Total
Disclosure of operating segments [line items]
Property, plant and equipment	1,502	2,518
Consideration transferred, acquisition-date fair value	19,985	9,663
Cash and cash equivalents recognised as of acquisition date	953	288
Accounts receivable and other	1,446	826
Other financial assets	4,558
Inventory	485	690
Equity accounted investments	461	20
Investment properties	0	0
Identifiable intangible assets recognised as of acquisition date	11,594	4,535
Goodwill	8,155	3,960
Deferred income tax assets	62	6
Accounts payable and other	2,300	1,811
Non-recourse borrowings	4,924	132
Deferred income tax liabilities	1,911	1,215
Non-controlling interests	96	22
Total assets	29,216	12,843
Liabilities Recognized as of Acquisition Date	9,231	3,180
Identifiable assets acquired (liabilities assumed)	19,985	9,663
Private Equity \| Common shares \| Common equity
Disclosure of operating segments [line items]
Equity	4,486	3,996
Private Equity \| Elimination of intersegment amounts
Disclosure of operating segments [line items]
Revenue	207	431
Private Equity \| Operating segments
Disclosure of operating segments [line items]
Revenue	58,432	46,883
Interest	(2,702)	(1,515)
Real Estate
Disclosure of operating segments [line items]
Revenue	13,803	12,283
Funds From Operations From Equity Accounted Investments	958	842
Current income tax expense	(74)	(89)
Funds from operations	(1,744)	(1,442)
Equity accounted investments	22,264	25,186
Additions to non-current assets	27,096	22,081
Goodwill	1,756	1,264
Deferred income tax assets	0
Real Estate \| Total
Disclosure of operating segments [line items]
Property, plant and equipment	3,224	2,172
Consideration transferred, acquisition-date fair value	7,351	1,832
Cash and cash equivalents recognised as of acquisition date	605	78
Accounts receivable and other	302	104
Other financial assets	188
Inventory	5	2
Equity accounted investments	222	7
Investment properties	9,805	988
Identifiable intangible assets recognised as of acquisition date	82	67
Goodwill	456	113
Deferred income tax assets	0	0
Accounts payable and other	795	131
Non-recourse borrowings	3,707	1,452
Deferred income tax liabilities	878	113
Non-controlling interests	1,788	3
Total assets	14,889	3,531
Liabilities Recognized as of Acquisition Date	7,168	1,699
Identifiable assets acquired (liabilities assumed)	7,721	1,832
Real Estate \| Common shares \| Common equity
Disclosure of operating segments [line items]
Equity	31,868	33,965
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	13,835	12,315
Interest	(4,460)	(3,281)
Renewable Power
Disclosure of operating segments [line items]
Revenue	5,198	4,580
Renewable Power \| Common shares \| Common equity
Disclosure of operating segments [line items]
Equity	5,274	5,264
Renewable Power and Transition
Disclosure of operating segments [line items]
Revenue	5,198	4,580
Funds From Operations From Equity Accounted Investments	271	187
Current income tax expense	(148)	(43)
Funds from operations	(401)	(1,044)
Equity accounted investments	2,261	1,801
Additions to non-current assets	6,710	5,001
Consideration transferred, acquisition-date fair value		1,473
Goodwill	1,500	966
Deferred income tax assets	0
Renewable Power and Transition \| Total
Disclosure of operating segments [line items]
Property, plant and equipment	3,087	2,366
Consideration transferred, acquisition-date fair value	2,588
Cash and cash equivalents recognised as of acquisition date	85	3
Accounts receivable and other	379	100
Other financial assets	12
Inventory	31	6
Equity accounted investments	0	45
Investment properties	0	0
Identifiable intangible assets recognised as of acquisition date	0	0
Goodwill	691	118
Deferred income tax assets	10	0
Accounts payable and other	1,201	188
Non-recourse borrowings	424	975
Deferred income tax liabilities	50	0
Non-controlling interests	32	2
Total assets	4,295	2,638
Liabilities Recognized as of Acquisition Date	1,707	1,165
Identifiable assets acquired (liabilities assumed)	2,588	1,473
Renewable Power and Transition \| Elimination of intersegment amounts
Disclosure of operating segments [line items]
Revenue	0	0
Renewable Power and Transition \| Operating segments
Disclosure of operating segments [line items]
Revenue	5,198	4,580
Interest	(1,127)	(892)
Infrastructure and Other
Disclosure of operating segments [line items]
Equity accounted investments		$ 9,569
Infrastructure and Other \| Total
Disclosure of operating segments [line items]
Property, plant and equipment	160
Consideration transferred, acquisition-date fair value	583
Cash and cash equivalents recognised as of acquisition date	7
Accounts receivable and other	10
Other financial assets	11
Inventory	2
Equity accounted investments	0
Investment properties	0
Identifiable intangible assets recognised as of acquisition date	302
Goodwill	279
Deferred income tax assets	1
Accounts payable and other	55
Non-recourse borrowings	52
Deferred income tax liabilities	18
Non-controlling interests	64
Total assets	772
Liabilities Recognized as of Acquisition Date	189
Identifiable assets acquired (liabilities assumed)	$ 583

SEGMENTED INFORMATION - Reconci

SEGMENTED INFORMATION - Reconciliation of FFO to Equity Accounted Investments (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Disclosure of operating segments [abstract]
Consolidated equity accounted income	$ 2,613	$ 2,451
Non-FFO items from equity accounted investments	1,840	1,355
FFO from equity accounted investments	$ 4,453	$ 3,806

SEGMENTED INFORMATION - Schedul

SEGMENTED INFORMATION - Schedule of components of income tax expense (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Disclosure of operating segments [abstract]
Current income tax expense	$ (1,278)	$ (1,114)
Deferred income tax expense	(191)	(1,210)
Income tax expense	$ (1,469)	$ (2,324)

SEGMENTED INFORMATION - Recon_2

SEGMENTED INFORMATION - Reconciliation of FFO to Net Income (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Disclosure of operating segments [abstract]
Net income	$ 5,195	$ 12,388
Financial statement components not included in FFO
Equity Accounted Fair Value Changes And Other Non Funds From Operations	1,840	1,355
Fair value changes	977	(5,151)
Depreciation and amortization	7,683	6,437
Deferred income taxes	191	1,210
Realized disposition gains in fair value changes or equity	903	2,861
Non-controlling interests in FFO	(10,495)	(11,542)
Total FFO	$ 6,294	$ 7,558

SEGMENTED INFORMATION - Revenue

SEGMENTED INFORMATION - Revenue Allocation (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Disclosure of geographical areas [line items]
Revenue	$ 92,769	$ 75,731
UNITED STATES
Disclosure of geographical areas [line items]
Revenue	24,724	19,694
Canada
Disclosure of geographical areas [line items]
Revenue	10,752	7,548
United Kingdom
Disclosure of geographical areas [line items]
Revenue	25,090	21,497
Brazil
Disclosure of geographical areas [line items]
Revenue	5,294	3,730
Other Europe
Disclosure of geographical areas [line items]
Revenue	9,084	6,924
Australia
Disclosure of geographical areas [line items]
Revenue	6,041	5,892
INDIA
Disclosure of geographical areas [line items]
Revenue	2,743	2,520
Colombia
Disclosure of geographical areas [line items]
Revenue	2,135	1,890
Other Asia
Disclosure of geographical areas [line items]
Revenue	3,042	2,708
Other
Disclosure of geographical areas [line items]
Revenue	$ 1,955	$ 1,761

SEGMENTED INFORMATION - Asset A

SEGMENTED INFORMATION - Asset Allocation (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Disclosure of products and services [line items]
Revenue	$ 92,769	$ 75,731
Assets	441,284	391,003
UNITED STATES
Disclosure of products and services [line items]
Revenue	24,724	19,694
Assets	206,714	172,952
Canada
Disclosure of products and services [line items]
Revenue	10,752	7,548
Assets	50,894	52,989
United Kingdom
Disclosure of products and services [line items]
Revenue	25,090	21,497
Assets	31,940	36,740
Brazil
Disclosure of products and services [line items]
Revenue	5,294	3,730
Assets	25,500	22,052
Other Europe
Disclosure of products and services [line items]
Revenue	9,084	6,924
Assets	31,713	24,402
Australia
Disclosure of products and services [line items]
Revenue	6,041	5,892
Assets	27,068	20,767
INDIA
Disclosure of products and services [line items]
Revenue	2,743	2,520
Assets	19,521	20,935
GERMANY
Disclosure of products and services [line items]
Revenue	1,909	1,567
Assets	12,262	7,663
Colombia
Disclosure of products and services [line items]
Revenue	2,135	1,890
Assets	10,567	11,065
Other Asia
Disclosure of products and services [line items]
Revenue	3,042	2,708
Assets	14,655	12,866
Other
Disclosure of products and services [line items]
Revenue	1,955	1,761
Assets	$ 10,450	$ 8,572

SUBSIDIARIES - Schedule Of Non-

SUBSIDIARIES - Schedule Of Non-Controlling Interests In Subsidiaries With Significant Non-Controlling Interests (Details)	Dec. 31, 2022	Dec. 31, 2021
Brookfield Renewable Partners L.P. (“BEP”)4
Disclosure of subsidiaries [line items]
Ownership Interest Held by Non-Controlling Interest	51.70%	51.70%
Brookfield Infrastructure Partners L.P. (“BIP”)5
Disclosure of subsidiaries [line items]
Ownership Interest Held by Non-Controlling Interest	72.90%	72.80%
Brookfield Business Partners L.P. (“BBU”)
Disclosure of subsidiaries [line items]
Ownership Interest Held by Non-Controlling Interest	34.80%	35.60%
Brookfield Asset Management ULC (BAM)
Disclosure of subsidiaries [line items]
Ownership Interest Held by Non-Controlling Interest	25%

SUBSIDIARIES - Schedule of Comp

SUBSIDIARIES - Schedule of Composition Of Accumulated Non-Controlling Interest (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Disclosure of subsidiaries [line items]
Equity	$ 141,891	$ 134,741
Non-controlling interests
Disclosure of subsidiaries [line items]
Equity	98,138	88,386
Non-controlling interests \| BEP
Disclosure of subsidiaries [line items]
Equity	21,651	19,355
Non-controlling interests \| BIP
Disclosure of subsidiaries [line items]
Equity	23,030	23,695
Non-controlling interests \| BBU
Disclosure of subsidiaries [line items]
Equity	16,026	10,197
Non-controlling interests \| Brookfield Property Partners L.P. [Member]
Disclosure of subsidiaries [line items]
Equity	29,321	28,115
Non-controlling interests \| Brookfield Asset Management ULC (BAM)
Disclosure of subsidiaries [line items]
Equity	2,377	0
Non-controlling interests \| Individually immaterial subsidiaries with non-controlling interests
Disclosure of subsidiaries [line items]
Equity	$ 5,733	$ 7,024

SUBSIDIARIES - Schedule Of Summ

SUBSIDIARIES - Schedule Of Summarized Financial Information Before Intra-Group Eliminations (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Disclosure of subsidiaries [line items]
Non-controlling interests	$ (141,891)	$ (134,741)
Revenue	92,769	75,731
Net income (loss) attributable to:
Non-controlling interests	3,139	8,422
Shareholders	2,056	3,966
Net income	5,195	12,388
Other comprehensive income (loss) attributable to:
Non-controlling interests	3,292
Shareholders	(263)
Other comprehensive income	3,029	5,234
BEP
Disclosure of subsidiaries [line items]
Current assets	4,183	2,889
Non-current assets	59,928	52,978
Current liabilities	(4,943)	(3,222)
Non-current liabilities	(32,882)	(28,649)
Revenue	4,711	4,096
Net income (loss) attributable to:
Shareholders	(189)	(217)
Net income	138	(66)
Other comprehensive income (loss) attributable to:
Shareholders	622	931
Other comprehensive income	2,490	2,766
BIP
Disclosure of subsidiaries [line items]
Current assets	6,686	4,896
Non-current assets	66,283	69,065
Current liabilities	(8,377)	(8,661)
Non-current liabilities	(39,038)	(38,909)
Revenue	14,427	11,537
Net income (loss) attributable to:
Shareholders	25	230
Net income	1,375	2,719
Other comprehensive income (loss) attributable to:
Shareholders	109	63
Other comprehensive income	148	260
BBU
Disclosure of subsidiaries [line items]
Current assets	18,312	15,418
Non-current assets	71,186	48,801
Current liabilities	(16,954)	(13,912)
Non-current liabilities	(54,079)	(37,307)
Revenue	57,545	46,587
Net income (loss) attributable to:
Shareholders	80	307
Net income	355	2,153
Other comprehensive income (loss) attributable to:
Shareholders	(97)	65
Other comprehensive income	(394)	283
BPG [Member]
Disclosure of subsidiaries [line items]
Current assets	15,626	25,866
Non-current assets	162,198	143,383
Current liabilities	(41,653)	(35,006)
Non-current liabilities	(74,982)	(72,163)
Revenue	13,835	12,314
Net income (loss) attributable to:
Shareholders	496	1,927
Net income	3,135	5,763
Other comprehensive income (loss) attributable to:
Shareholders	13	451
Other comprehensive income	369	1,308
Brookfield Asset Management ULC (BAM)
Disclosure of subsidiaries [line items]
Current assets	5,690	0
Non-current assets	6,820	0
Current liabilities	(2,093)	0
Non-current liabilities	(915)	0
Revenue	3,375	0
Net income (loss) attributable to:
Shareholders	2,276	0
Net income	2,718	0
Other comprehensive income (loss) attributable to:
Shareholders	(24)	0
Other comprehensive income	(32)	0
Non-controlling interests
Disclosure of subsidiaries [line items]
Non-controlling interests	(98,138)	(88,386)
Net income (loss) attributable to:
Non-controlling interests	3,139	8,422
Other comprehensive income (loss) attributable to:
Non-controlling interests	3,292	3,390
Non-controlling interests \| BEP
Disclosure of subsidiaries [line items]
Non-controlling interests	(21,651)	(19,355)
Net income (loss) attributable to:
Non-controlling interests	327	151
Other comprehensive income (loss) attributable to:
Non-controlling interests	1,868	1,835
Non-controlling interests \| BIP
Disclosure of subsidiaries [line items]
Non-controlling interests	(23,030)	(23,695)
Net income (loss) attributable to:
Non-controlling interests	1,350	2,489
Other comprehensive income (loss) attributable to:
Non-controlling interests	39	197
Non-controlling interests \| BBU
Disclosure of subsidiaries [line items]
Non-controlling interests	(16,026)	(10,197)
Net income (loss) attributable to:
Non-controlling interests	275	1,846
Other comprehensive income (loss) attributable to:
Non-controlling interests	(297)	218
Non-controlling interests \| BPG [Member]
Disclosure of subsidiaries [line items]
Non-controlling interests	(29,321)	(28,115)
Net income (loss) attributable to:
Non-controlling interests	2,639	3,836
Other comprehensive income (loss) attributable to:
Non-controlling interests	356	857
Non-controlling interests \| Brookfield Asset Management ULC (BAM)
Disclosure of subsidiaries [line items]
Non-controlling interests	(2,377)	0
Net income (loss) attributable to:
Non-controlling interests	442	0
Other comprehensive income (loss) attributable to:
Non-controlling interests	(8)	0
Equity attributable to Brookfield \| BEP
Disclosure of subsidiaries [line items]
Non-controlling interests	(4,635)	(4,641)
Equity attributable to Brookfield \| BIP
Disclosure of subsidiaries [line items]
Non-controlling interests	(2,524)	(2,696)
Equity attributable to Brookfield \| BBU
Disclosure of subsidiaries [line items]
Non-controlling interests	(2,439)	(2,803)
Equity attributable to Brookfield \| BPG [Member]
Disclosure of subsidiaries [line items]
Non-controlling interests	(31,868)	(33,965)
Equity attributable to Brookfield \| Brookfield Asset Management ULC (BAM)
Disclosure of subsidiaries [line items]
Non-controlling interests	$ (7,125)	$ 0

SUBSIDIARIES - Schedule Of Cash

SUBSIDIARIES - Schedule Of Cash Flow With Material Non-Controlling Interests (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Cash flows from (used in):
Cash flows from (used in) operating activities	$ 8,751	$ 7,874
Cash flows from (used in) financing activities	32,460	16,261
Cash flows from (used in) investing activities	(39,650)	(21,045)
BIP
Cash flows from (used in):
Cash flows from (used in) operating activities	3,131	2,772
Cash flows from (used in) financing activities	56	(995)
Cash flows from (used in) investing activities	(3,365)	(1,173)
Distributions paid to non-controlling interests in common equity	810	715
BEP
Cash flows from (used in):
Cash flows from (used in) operating activities	1,711	734
Cash flows from (used in) financing activities	3,489	2,143
Cash flows from (used in) investing activities	(5,066)	(2,544)
Distributions paid to non-controlling interests in common equity	477	456
BBU
Cash flows from (used in):
Cash flows from (used in) operating activities	1,011	1,693
Cash flows from (used in) financing activities	18,070	7,063
Cash flows from (used in) investing activities	(18,721)	(8,926)
Distributions paid to non-controlling interests in common equity	28	13
Brookfield Property Partners L.P. [Member]
Cash flows from (used in):
Cash flows from (used in) operating activities	(1,657)	4,041
Cash flows from (used in) financing activities	6,871	7,504
Cash flows from (used in) investing activities	(3,756)	(10,260)
Distributions paid to non-controlling interests in common equity	0	120
Brookfield Asset Management ULC (BAM)
Cash flows from (used in):
Cash flows from (used in) operating activities	(2,329)	0
Cash flows from (used in) financing activities	(3,467)	0
Cash flows from (used in) investing activities	6,848	0
Distributions paid to non-controlling interests in common equity	$ 0	$ 0

ACQUISITIONS OF CONSOLIDATED _3

ACQUISITIONS OF CONSOLIDATED ENTITIES - Business Combinations By Type (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure of detailed information about business combination [line items]
Goodwill	$ 28,662	$ 20,227	$ 14,714
Gross carrying amount [member]
Disclosure of detailed information about business combination [line items]
Goodwill	29,767	21,216	$ 15,539
Real Estate
Disclosure of detailed information about business combination [line items]
Goodwill	1,756	1,264
Deferred income tax assets	0
Renewable Power and Transition
Disclosure of detailed information about business combination [line items]
Goodwill	1,500	966
Deferred income tax assets	0
Consideration transferred, acquisition-date fair value		1,473
Private Equity
Disclosure of detailed information about business combination [line items]
Goodwill	16,264	8,657
Total
Disclosure of detailed information about business combination [line items]
Cash and cash equivalents recognised as of acquisition date	1,650	586
Accounts receivable and other	2,137	1,485
Inventory	523	721
Equity accounted investments	683	72
Investment properties		988
Property, plant and equipment	7,973	17,235
Identifiable intangible assets recognised as of acquisition date	11,978	8,336
Goodwill	9,581	6,591
Deferred income tax assets	73	15
Total assets	49,172	36,029
Accounts payable and other	(4,351)	(5,401)
Non-recourse borrowings	(9,107)	(9,257)
Deferred income tax liabilities	(2,857)	(2,758)
Non-controlling interests	(1,980)	(183)
Total liabilities	(18,295)	(17,599)
Identifiable assets acquired (liabilities assumed)	30,877	18,430
Gain recognised in bargain purchase transaction	370
Consideration transferred, acquisition-date fair value	30,507	18,430
Total \| Real Estate
Disclosure of detailed information about business combination [line items]
Cash and cash equivalents recognised as of acquisition date	605	78
Accounts receivable and other	302	104
Inventory	5	2
Equity accounted investments	222	7
Investment properties	9,805	988
Property, plant and equipment	3,224	2,172
Identifiable intangible assets recognised as of acquisition date	82	67
Goodwill	456	113
Deferred income tax assets	0	0
Total assets	14,889	3,531
Accounts payable and other	(795)	(131)
Non-recourse borrowings	(3,707)	(1,452)
Deferred income tax liabilities	(878)	(113)
Non-controlling interests	(1,788)	(3)
Total liabilities	(7,168)	(1,699)
Identifiable assets acquired (liabilities assumed)	7,721	1,832
Gain recognised in bargain purchase transaction	370
Consideration transferred, acquisition-date fair value	7,351	1,832
Total \| Renewable Power and Transition
Disclosure of detailed information about business combination [line items]
Cash and cash equivalents recognised as of acquisition date	85	3
Accounts receivable and other	379	100
Inventory	31	6
Equity accounted investments	0	45
Investment properties	0	0
Property, plant and equipment	3,087	2,366
Identifiable intangible assets recognised as of acquisition date	0	0
Goodwill	691	118
Deferred income tax assets	10	0
Total assets	4,295	2,638
Accounts payable and other	(1,201)	(188)
Non-recourse borrowings	(424)	(975)
Deferred income tax liabilities	(50)	0
Non-controlling interests	(32)	(2)
Total liabilities	(1,707)	(1,165)
Identifiable assets acquired (liabilities assumed)	2,588	1,473
Consideration transferred, acquisition-date fair value	2,588
Total \| Private Equity
Disclosure of detailed information about business combination [line items]
Cash and cash equivalents recognised as of acquisition date	953	288
Accounts receivable and other	1,446	826
Inventory	485	690
Equity accounted investments	461	20
Investment properties	0	0
Property, plant and equipment	1,502	2,518
Identifiable intangible assets recognised as of acquisition date	11,594	4,535
Goodwill	8,155	3,960
Deferred income tax assets	62	6
Total assets	29,216	12,843
Accounts payable and other	(2,300)	(1,811)
Non-recourse borrowings	(4,924)	(132)
Deferred income tax liabilities	(1,911)	(1,215)
Non-controlling interests	(96)	(22)
Total liabilities	(9,231)	(3,180)
Identifiable assets acquired (liabilities assumed)	19,985	9,663
Consideration transferred, acquisition-date fair value	19,985	$ 9,663
Total \| Infrastructure and Other
Disclosure of detailed information about business combination [line items]
Cash and cash equivalents recognised as of acquisition date	7
Accounts receivable and other	10
Inventory	2
Equity accounted investments	0
Investment properties	0
Property, plant and equipment	160
Identifiable intangible assets recognised as of acquisition date	302
Goodwill	279
Deferred income tax assets	1
Total assets	772
Accounts payable and other	(55)
Non-recourse borrowings	(52)
Deferred income tax liabilities	(18)
Non-controlling interests	(64)
Total liabilities	(189)
Identifiable assets acquired (liabilities assumed)	583
Consideration transferred, acquisition-date fair value	$ 583

ACQUISITIONS OF CONSOLIDATED _4

ACQUISITIONS OF CONSOLIDATED ENTITIES - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure of detailed information about business combination [line items]
Revenue of acquired entities since acquisition date	$ 4,000	$ 2,800
Profit (loss) of acquired entities since acquisition date	528	3
Revenue of combined entity as if combination occurred at beginning of period	8,100	8,600
Profit (loss) of combined entity as if combination occurred at beginning of period	$ 344	351
Proportion of ownership interest in subsidiary	25%
Goodwill	$ 28,662	20,227	$ 14,714
Real Estate
Disclosure of detailed information about business combination [line items]
Goodwill	1,756	1,264
Renewable Power and Transition
Disclosure of detailed information about business combination [line items]
Consideration transferred, acquisition-date fair value		1,473
Goodwill	1,500	966
Private Equity
Disclosure of detailed information about business combination [line items]
Goodwill	16,264	8,657
Infrastructure
Disclosure of detailed information about business combination [line items]
Goodwill	8,789	8,979
Total
Disclosure of detailed information about business combination [line items]
Total assets	49,172	36,029
Consideration transferred, acquisition-date fair value	30,507	18,430
Goodwill	9,581	6,591
Total \| Real Estate
Disclosure of detailed information about business combination [line items]
Total assets	14,889	3,531
Consideration transferred, acquisition-date fair value	7,351	1,832
Goodwill	456	113
Total \| Renewable Power and Transition
Disclosure of detailed information about business combination [line items]
Total assets	4,295	2,638
Consideration transferred, acquisition-date fair value	2,588
Goodwill	691	118
Total \| Private Equity
Disclosure of detailed information about business combination [line items]
Total assets	29,216	12,843
Consideration transferred, acquisition-date fair value	19,985	9,663
Goodwill	8,155	3,960
Total \| Infrastructure
Disclosure of detailed information about business combination [line items]
Total assets		17,017
Consideration transferred, acquisition-date fair value		5,462
Goodwill		2,400
La Trobe [Member] \| Private Equity
Disclosure of detailed information about business combination [line items]
Total assets	5,754
Consideration transferred, acquisition-date fair value	1,050
Revenue of combined entity as if combination occurred at beginning of period	402
Profit (loss) of combined entity as if combination occurred at beginning of period	$ 90
Percentage of interests acquired	100%
Goodwill	$ 392
CDK Global [Member] \| Private Equity
Disclosure of detailed information about business combination [line items]
Total assets	10,558
Consideration transferred, acquisition-date fair value	8,312
Revenue of combined entity as if combination occurred at beginning of period	1,800
Profit (loss) of combined entity as if combination occurred at beginning of period	$ 338
Percentage of interests acquired	100%
Goodwill	$ 4,580
German Office Portfolio \| Real Estate
Disclosure of detailed information about business combination [line items]
Total assets	6,472
Consideration transferred, acquisition-date fair value	1,995
Revenue of combined entity as if combination occurred at beginning of period	238
Profit (loss) of combined entity as if combination occurred at beginning of period	$ 17
Percentage of interests acquired	95%
Debt incurred	$ 188
Economic interest before business transaction	46%
Acquisition-date fair value of equity interest in acquiree held by acquirer immediately before acquisition date	$ 1,800
Goodwill	453
Watermark Lodging [Member] \| Real Estate
Disclosure of detailed information about business combination [line items]
Total assets	3,781
Consideration transferred, acquisition-date fair value	3,137
Revenue of combined entity as if combination occurred at beginning of period	760
Profit (loss) of combined entity as if combination occurred at beginning of period	$ 5
Percentage of interests acquired	100%
Goodwill	$ 0
IPL [Member] \| Infrastructure
Disclosure of detailed information about business combination [line items]
Consideration transferred, acquisition-date fair value		4,700
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%
Goodwill recognised as of acquisition date		$ 2,100
Cash consideration		1,900
BIPC exchangeable LP units transferred		200
BIPC exchangeable shares		1,100
Debt incurred		$ 900
Economic interest before business transaction		10%
Acquisition-date fair value of equity interest in acquiree held by acquirer immediately before acquisition date		$ 600
Irish Office [Member] \| Real Estate
Disclosure of detailed information about business combination [line items]
Total assets	1,449
Consideration transferred, acquisition-date fair value	1,114
Revenue of combined entity as if combination occurred at beginning of period	61
Profit (loss) of combined entity as if combination occurred at beginning of period	$ 49
Percentage of interests acquired	100%
Goodwill	$ 3
U.S. Wind [Member] \| Renewable Power and Transition
Disclosure of detailed information about business combination [line items]
Total assets	2,113	1,721
Consideration transferred, acquisition-date fair value	1,092	744
Revenue of combined entity as if combination occurred at beginning of period	82
Profit (loss) of combined entity as if combination occurred at beginning of period	$ 7
Percentage of interests acquired	100%
Goodwill	$ 9	0
US Distributed Generation Portfolio \| Renewable Power and Transition
Disclosure of detailed information about business combination [line items]
Total assets	928	869
Consideration transferred, acquisition-date fair value	760	684
Revenue of combined entity as if combination occurred at beginning of period	11
Profit (loss) of combined entity as if combination occurred at beginning of period	$ 68
Percentage of interests acquired	100%
Goodwill	$ 287	117
US Distributed Generation Portfolio \| Renewable Power
Disclosure of detailed information about business combination [line items]
Consideration transferred, acquisition-date fair value		684
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%
Oregon Wind Portfolio \| Renewable Power
Disclosure of detailed information about business combination [line items]
Consideration transferred, acquisition-date fair value		$ 744
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%
Scientific Games, LLC \| Private Equity
Disclosure of detailed information about business combination [line items]
Total assets	6,318
Consideration transferred, acquisition-date fair value	5,779
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	$ 83
Percentage of interests acquired	100%
Goodwill	$ 1,235
Aldo [Member] \| Private Equity
Disclosure of detailed information about business combination [line items]
Total assets		$ 859
Consideration transferred, acquisition-date fair value		623
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%
Goodwill recognised as of acquisition date		$ 421
Consideration transferred, acquisition-date asset level debt		623
Contingent consideration recognised as of acquisition date		328
Cash consideration		295
Goodwill		421
Arlington \| Real Estate
Disclosure of detailed information about business combination [line items]
Total assets		1,033
Consideration transferred, acquisition-date fair value		990
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 asset level debt		990
Cash consideration		352
Goodwill		36
Dexko [Member] \| Private Equity
Disclosure of detailed information about business combination [line items]
Total assets		4,927
Consideration transferred, acquisition-date fair value		3,774
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%
Goodwill recognised as of acquisition date		$ 1,400
Contingent consideration recognised as of acquisition date		30
Cash consideration		1,100
Debt incurred		2,600
Goodwill		1,408
Modulaire [Member] \| Private Equity
Disclosure of detailed information about business combination [line items]
Total assets		6,193
Consideration transferred, acquisition-date fair value		4,759
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%
Goodwill recognised as of acquisition date		$ 1,700
Cash consideration		1,600
Debt incurred		3,200
Goodwill		$ 1,667

ACQUISITIONS OF CONSOLIDATED _5

ACQUISITIONS OF CONSOLIDATED ENTITIES - Business Combinations by Name (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure of detailed information about business combination [line items]
Other financial assets	$ 26,899	$ 16,546
Goodwill	28,662	20,227	$ 14,714
Private Equity
Disclosure of detailed information about business combination [line items]
Goodwill	16,264	8,657
Infrastructure
Disclosure of detailed information about business combination [line items]
Goodwill	8,789	8,979
Renewable Power and Transition
Disclosure of detailed information about business combination [line items]
Goodwill	1,500	966
Deferred income tax assets	0
Less:
Consideration		1,473
Real Estate
Disclosure of detailed information about business combination [line items]
Goodwill	1,756	1,264
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
Investment properties		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
Investment properties		0
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
Investment properties		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
Less:
Consideration		4,700
IPL [Member] \| Infrastructure and Other
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
Investment properties		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
Deferred income tax assets		0
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
CDK Global [Member] \| Private Equity
Disclosure of detailed information about business combination [line items]
Cash and cash equivalents	301
Accounts receivable and other	544
Other financial assets	32
Inventory	15
Equity accounted investments	175
Property, plant and equipment	82
Intangible assets	4,827
Goodwill	4,580
Deferred income tax assets	2
Total assets	10,558
Less:
Accounts payable and other	(995)
Non-recourse borrowings	(72)
Deferred income tax liabilities	(1,098)
Non-controlling interests	(81)
Total liabilities	(2,246)
Net assets acquired	8,312
Consideration	8,312
Watermark Lodging [Member] \| Real Estate
Disclosure of detailed information about business combination [line items]
Cash and cash equivalents	172
Accounts receivable and other	144
Other financial assets	0
Inventory	5
Equity accounted investments	222
Investment properties	0
Property, plant and equipment	3,161
Intangible assets	77
Goodwill	0
Total assets	3,781
Less:
Accounts payable and other	(327)
Non-recourse borrowings	(317)
Deferred income tax liabilities	0
Non-controlling interests	0
Total liabilities	(644)
Net assets acquired	3,137
Consideration	3,137
Irish Office [Member] \| Real Estate
Disclosure of detailed information about business combination [line items]
Cash and cash equivalents	74
Accounts receivable and other	1
Other financial assets	4
Inventory	0
Equity accounted investments	0
Investment properties	1,359
Property, plant and equipment	8
Intangible assets	0
Goodwill	3
Total assets	1,449
Less:
Accounts payable and other	(42)
Non-recourse borrowings	(209)
Deferred income tax liabilities	(84)
Non-controlling interests	0
Total liabilities	(335)
Net assets acquired	1,114
Consideration	1,114
La Trobe [Member] \| Private Equity
Disclosure of detailed information about business combination [line items]
Cash and cash equivalents	155
Accounts receivable and other	37
Other financial assets	4,511
Inventory	0
Equity accounted investments	0
Property, plant and equipment	4
Intangible assets	646
Goodwill	392
Deferred income tax assets	9
Total assets	5,754
Less:
Accounts payable and other	(39)
Non-recourse borrowings	(4,471)
Deferred income tax liabilities	(194)
Non-controlling interests	0
Total liabilities	(4,704)
Net assets acquired	1,050
Consideration	1,050
Scientific Games, LLC \| Private Equity
Disclosure of detailed information about business combination [line items]
Cash and cash equivalents	61
Accounts receivable and other	272
Other financial assets	4
Inventory	169
Equity accounted investments	277
Property, plant and equipment	313
Intangible assets	3,983
Goodwill	1,235
Deferred income tax assets	4
Total assets	6,318
Less:
Accounts payable and other	(333)
Non-recourse borrowings	0
Deferred income tax liabilities	(206)
Non-controlling interests	0
Total liabilities	(539)
Net assets acquired	5,779
Consideration	5,779
German Office Portfolio \| Real Estate
Disclosure of detailed information about business combination [line items]
Cash and cash equivalents	357
Accounts receivable and other	93
Other financial assets	105
Inventory	0
Equity accounted investments	0
Investment properties	5,429
Property, plant and equipment	35
Intangible assets	0
Goodwill	453
Deferred income tax assets	0
Total assets	6,472
Less:
Accounts payable and other	(243)
Non-recourse borrowings	(1,965)
Deferred income tax liabilities	(760)
Non-controlling interests	(1,509)
Total liabilities	(4,477)
Net assets acquired	1,995
Consideration	1,995
U.S. Wind [Member] \| Renewable Power and Transition
Disclosure of detailed information about business combination [line items]
Cash and cash equivalents	26	1
Accounts receivable and other	280	71
Other financial assets	2
Inventory	0	6
Equity accounted investments	0	0
Investment properties		0
Property, plant and equipment	1,796	1,643
Intangible assets	0	0
Goodwill	9	0
Deferred income tax assets		0
Total assets	2,113	1,721
Less:
Accounts payable and other	(970)	(142)
Non-recourse borrowings	(25)	(835)
Deferred income tax liabilities	0	0
Non-controlling interests	(26)	0
Total liabilities	(1,021)	(977)
Net assets acquired	1,092	744
Consideration	1,092	744
US Distributed Generation Portfolio \| Renewable Power and Transition
Disclosure of detailed information about business combination [line items]
Cash and cash equivalents	22	1
Accounts receivable and other	58	28
Other financial assets	0
Inventory	0	0
Equity accounted investments	0	0
Investment properties		0
Property, plant and equipment	561	723
Intangible assets	0	0
Goodwill	287	117
Deferred income tax assets		0
Total assets	928	869
Less:
Accounts payable and other	(77)	(45)
Non-recourse borrowings	(48)	(140)
Deferred income tax liabilities	(43)	0
Non-controlling interests	0	0
Total liabilities	(168)	(185)
Net assets acquired	760	684
Consideration	760	684
Total
Disclosure of detailed information about business combination [line items]
Cash and cash equivalents	1,650	586
Accounts receivable and other	2,137	1,485
Other financial assets	4,769
Inventory	523	721
Equity accounted investments	683	72
Investment properties		988
Property, plant and equipment	7,973	17,235
Intangible assets	11,978	8,336
Goodwill	9,581	6,591
Deferred income tax assets	73	15
Total assets	49,172	36,029
Less:
Accounts payable and other	(4,351)	(5,401)
Non-recourse borrowings	(9,107)	(9,257)
Deferred income tax liabilities	(2,857)	(2,758)
Non-controlling interests	(1,980)	(183)
Total liabilities	(18,295)	(17,599)
Net assets acquired	30,877	18,430
Consideration	30,507	18,430
Total \| Private Equity
Disclosure of detailed information about business combination [line items]
Cash and cash equivalents	953	288
Accounts receivable and other	1,446	826
Other financial assets	4,558
Inventory	485	690
Equity accounted investments	461	20
Investment properties	0	0
Property, plant and equipment	1,502	2,518
Intangible assets	11,594	4,535
Goodwill	8,155	3,960
Deferred income tax assets	62	6
Total assets	29,216	12,843
Less:
Accounts payable and other	(2,300)	(1,811)
Non-recourse borrowings	(4,924)	(132)
Deferred income tax liabilities	(1,911)	(1,215)
Non-controlling interests	(96)	(22)
Total liabilities	(9,231)	(3,180)
Net assets acquired	19,985	9,663
Consideration	19,985	9,663
Total \| Infrastructure
Disclosure of detailed information about business combination [line items]
Cash and cash equivalents		217
Accounts receivable and other		455
Inventory		23
Equity accounted investments		0
Investment properties		0
Property, plant and equipment		10,179
Intangible assets		3,734
Goodwill		2,400
Deferred income tax assets		9
Total assets		17,017
Less:
Accounts payable and other		(3,271)
Non-recourse borrowings		(6,698)
Deferred income tax liabilities		(1,430)
Non-controlling interests		(156)
Total liabilities		(11,555)
Net assets acquired		5,462
Consideration		5,462
Total \| Renewable Power and Transition
Disclosure of detailed information about business combination [line items]
Cash and cash equivalents	85	3
Accounts receivable and other	379	100
Other financial assets	12
Inventory	31	6
Equity accounted investments	0	45
Investment properties	0	0
Property, plant and equipment	3,087	2,366
Intangible assets	0	0
Goodwill	691	118
Deferred income tax assets	10	0
Total assets	4,295	2,638
Less:
Accounts payable and other	(1,201)	(188)
Non-recourse borrowings	(424)	(975)
Deferred income tax liabilities	(50)	0
Non-controlling interests	(32)	(2)
Total liabilities	(1,707)	(1,165)
Net assets acquired	2,588	1,473
Consideration	2,588
Total \| Real Estate
Disclosure of detailed information about business combination [line items]
Cash and cash equivalents	605	78
Accounts receivable and other	302	104
Other financial assets	188
Inventory	5	2
Equity accounted investments	222	7
Investment properties	9,805	988
Property, plant and equipment	3,224	2,172
Intangible assets	82	67
Goodwill	456	113
Deferred income tax assets	0	0
Total assets	14,889	3,531
Less:
Accounts payable and other	(795)	(131)
Non-recourse borrowings	(3,707)	(1,452)
Deferred income tax liabilities	(878)	(113)
Non-controlling interests	(1,788)	(3)
Total liabilities	(7,168)	(1,699)
Net assets acquired	7,721	1,832
Consideration	7,351	$ 1,832
Total \| Infrastructure and Other
Disclosure of detailed information about business combination [line items]
Cash and cash equivalents	7
Accounts receivable and other	10
Other financial assets	11
Inventory	2
Equity accounted investments	0
Investment properties	0
Property, plant and equipment	160
Intangible assets	302
Goodwill	279
Deferred income tax assets	1
Total assets	772
Less:
Accounts payable and other	(55)
Non-recourse borrowings	(52)
Deferred income tax liabilities	(18)
Non-controlling interests	(64)
Total liabilities	(189)
Net assets acquired	583
Consideration	$ 583

FAIR VALUE OF FINANCIAL INSTR_3

FAIR VALUE OF FINANCIAL INSTRUMENTS - Carrying and Fair Values of Financial Instruments (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Disclosure of financial assets [line items]
Financial assets, carrying value	$ 61,175	$ 44,558
Financial assets, at fair value	61,175	44,558
Disclosure of financial liabilities [line items]
Financial liabilities	266,821	223,744
Financial liabilities	261,308	227,064
Fair Value Through Profit or Loss
Disclosure of financial liabilities [line items]
Financial liabilities	8,009	7,028
Fair Value Through OCI
Disclosure of financial liabilities [line items]
Financial liabilities	0	0
Amortized Cost
Disclosure of financial liabilities [line items]
Financial liabilities	258,812	216,716
Fair value through profit or loss
Disclosure of financial assets [line items]
Financial assets, carrying value	13,351	7,840
Elected for hedge accounting
Disclosure of financial assets [line items]
Financial assets, carrying value	6,600	8,096
Financial assets at amortised cost, category [member]
Disclosure of financial assets [line items]
Financial assets, carrying value	41,224	28,622
Corporate borrowings
Disclosure of financial liabilities [line items]
Financial liabilities	11,390	10,875
Financial liabilities	9,599	11,993
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	11,390	10,875
Property-specific borrowings
Disclosure of financial liabilities [line items]
Financial liabilities	187,544	152,181
Financial liabilities	184,254	153,844
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	187,544	152,181
Subsidiary borrowings
Disclosure of financial liabilities [line items]
Financial liabilities	15,140	12,876
Financial liabilities	14,708	13,415
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	15,140	12,876
Property-specific borrowings and subsidiary borrowings [Member]
Disclosure of financial liabilities [line items]
Financial liabilities	202,684	165,057
Financial liabilities	198,962	167,259
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	202,684	165,057
Accounts payable and other
Disclosure of financial liabilities [line items]
Financial liabilities	48,559	43,504
Financial liabilities	48,559	43,504
Accounts payable and other \| Fair Value Through Profit or Loss
Disclosure of financial liabilities [line items]
Financial liabilities	6,895	5,490
Accounts payable and other \| Fair Value Through OCI
Disclosure of financial liabilities [line items]
Financial liabilities		0
Accounts payable and other \| Amortized Cost
Disclosure of financial liabilities [line items]
Financial liabilities	41,664	38,014
Subsidiary equity obligations
Disclosure of financial liabilities [line items]
Financial liabilities	4,188	4,308
Financial liabilities	4,188	4,308
Subsidiary equity obligations \| Fair Value Through Profit or Loss
Disclosure of financial liabilities [line items]
Financial liabilities	1,114	1,538
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	3,074	2,770
Equity investments [member]
Disclosure of financial assets [line items]
Financial assets, carrying value	6,472	5,927
Financial assets, at fair value	6,472	5,927
Equity investments [member] \| Fair value through profit or loss
Disclosure of financial assets [line items]
Financial assets, carrying value	4,953	3,492
Equity investments [member] \| Elected for hedge accounting
Disclosure of financial assets [line items]
Financial assets, carrying value	1,519	2,435
Equity investments [member] \| Financial assets at amortised cost, category [member]
Disclosure of financial assets [line items]
Financial assets, carrying value	0	0
Loans and notes receivables
Disclosure of financial assets [line items]
Financial assets, carrying value	7,952	2,837
Financial assets, at fair value	7,952	2,837
Loans and notes receivables \| Fair value through profit or loss
Disclosure of financial assets [line items]
Financial assets, carrying value	53	5
Loans and notes receivables \| Elected for hedge accounting
Disclosure of financial assets [line items]
Financial assets, carrying value	0	0
Loans and notes receivables \| Financial assets at amortised cost, category [member]
Disclosure of financial assets [line items]
Financial assets, carrying value	7,899	2,832
Cash And Cash Equivalents1
Disclosure of financial assets [line items]
Financial assets, carrying value	14,396	12,694
Financial assets, at fair value	14,396	12,694
Cash And Cash Equivalents1 \| Fair value through profit or loss
Disclosure of financial assets [line items]
Financial assets, carrying value	0	0
Cash And Cash Equivalents1 \| Elected for hedge accounting
Disclosure of financial assets [line items]
Financial assets, carrying value	0	0
Cash And Cash Equivalents1 \| Financial assets at amortised cost, category [member]
Disclosure of financial assets [line items]
Financial assets, carrying value	14,396	12,694
Other financial assets
Disclosure of financial assets [line items]
Financial assets, carrying value	26,899	16,546
Financial assets, at fair value	26,899	16,546
Other financial assets \| Fair value through profit or loss
Disclosure of financial assets [line items]
Financial assets, carrying value	9,602	5,495
Other financial assets \| Elected for hedge accounting
Disclosure of financial assets [line items]
Financial assets, carrying value	6,600	8,096
Other financial assets \| Financial assets at amortised cost, category [member]
Disclosure of financial assets [line items]
Financial assets, carrying value	10,697	2,955
Trade receivables and other [Member]
Disclosure of financial assets [line items]
Financial assets, carrying value	19,880	15,318
Financial assets, at fair value	19,880	15,318
Trade receivables and other [Member] \| Fair value through profit or loss
Disclosure of financial assets [line items]
Financial assets, carrying value		2,345
Trade receivables and other [Member] \| Elected for hedge accounting
Disclosure of financial assets [line items]
Financial assets, carrying value	0	0
Trade receivables and other [Member] \| Financial assets at amortised cost, category [member]
Disclosure of financial assets [line items]
Financial assets, carrying value	16,131	12,973
Loans to government [member]
Disclosure of financial assets [line items]
Financial assets, carrying value	1,566	2,020
Financial assets, at fair value	1,566	2,020
Loans to government [member] \| Fair value through profit or loss
Disclosure of financial assets [line items]
Financial assets, carrying value	0	0
Loans to government [member] \| Elected for hedge accounting
Disclosure of financial assets [line items]
Financial assets, carrying value	1,566	2,020
Loans to government [member] \| Financial assets at amortised cost, category [member]
Disclosure of financial assets [line items]
Financial assets, carrying value	0	0
Loans to corporate entities [member]
Disclosure of financial assets [line items]
Financial assets, carrying value	2,147	2,521
Financial assets, at fair value	2,147	2,521
Loans to corporate entities [member] \| Fair value through profit or loss
Disclosure of financial assets [line items]
Financial assets, carrying value	426	514
Loans to corporate entities [member] \| Elected for hedge accounting
Disclosure of financial assets [line items]
Financial assets, carrying value	1,717	2,004
Loans to corporate entities [member] \| Financial assets at amortised cost, category [member]
Disclosure of financial assets [line items]
Financial assets, carrying value	4	3
Fixed income securities and other
Disclosure of financial assets [line items]
Financial assets, carrying value	8,762	3,241
Financial assets, at fair value	8,762	3,241
Fixed income securities and other \| Fair value through profit or loss
Disclosure of financial assets [line items]
Financial assets, carrying value	4,170	1,484
Fixed income securities and other \| Elected for hedge accounting
Disclosure of financial assets [line items]
Financial assets, carrying value	1,798	1,637
Fixed income securities and other \| Financial assets at amortised cost, category [member]
Disclosure of financial assets [line items]
Financial assets, carrying value	$ 2,794	$ 120

FAIR VALUE OF FINANCIAL INSTR_4

FAIR VALUE OF FINANCIAL INSTRUMENTS - Fair Value Hierarchy Levels (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Disclosure of carrying value and fair value of assets and liabilities
Financial assets	$ 61,175	$ 44,558
Financial liabilities	261,308	227,064
Other financial assets
Disclosure of carrying value and fair value of assets and liabilities
Financial assets	26,899	16,546
Level 1
Disclosure of carrying value and fair value of assets and liabilities
Financial assets	4,658	4,961
Financial liabilities	7	29
Level 1 \| Other financial assets
Disclosure of carrying value and fair value of assets and liabilities
Financial assets	4,646	4,958
Level 1 \| Accounts payable and other
Disclosure of carrying value and fair value of assets and liabilities
Financial liabilities	7	29
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	91	48
Level 1 \| Corporate bonds
Disclosure of carrying value and fair value of assets and liabilities
Financial assets	65	85
Level 1 \| Fixed income securities and other
Disclosure of carrying value and fair value of assets and liabilities
Financial assets	493	762
Level 1 \| Common shares and warrants
Disclosure of carrying value and fair value of assets and liabilities
Financial assets	3,975	4,063
Level 1 \| Loans and notes receivables
Disclosure of carrying value and fair value of assets and liabilities
Financial assets	22	0
Level 1 \| Accounts receivable and other
Disclosure of carrying value and fair value of assets and liabilities
Financial assets	12	3
Level 2
Disclosure of carrying value and fair value of assets and liabilities
Financial assets	9,462	8,743
Financial liabilities	4,910	4,285
Level 2 \| Other financial assets
Disclosure of carrying value and fair value of assets and liabilities
Financial assets	5,731	6,478
Level 2 \| Accounts payable and other
Disclosure of carrying value and fair value of assets and liabilities
Financial liabilities	4,469	4,150
Level 2 \| Accounts payable and other \| Discounted cash flows
Disclosure of carrying value and fair value of assets and liabilities
Financial liabilities	4,469
Level 2 \| Subsidiary equity obligations
Disclosure of carrying value and fair value of assets and liabilities
Financial liabilities	441	135
Level 2 \| Government bonds
Disclosure of carrying value and fair value of assets and liabilities
Financial assets	1,475	1,972
Level 2 \| Corporate bonds
Disclosure of carrying value and fair value of assets and liabilities
Financial assets	1,754	2,050
Level 2 \| Fixed income securities and other
Disclosure of carrying value and fair value of assets and liabilities
Financial assets	2,099	1,908
Level 2 \| Common shares and warrants
Disclosure of carrying value and fair value of assets and liabilities
Financial assets	377	548
Level 2 \| Loans and notes receivables
Disclosure of carrying value and fair value of assets and liabilities
Financial assets	26	0
Level 2 \| Accounts receivable and other
Disclosure of carrying value and fair value of assets and liabilities
Financial assets	3,731	2,265
Level 3
Disclosure of carrying value and fair value of assets and liabilities
Financial assets	5,831	2,232
Financial liabilities	3,092	2,714
Level 3 \| Other financial assets
Disclosure of carrying value and fair value of assets and liabilities
Financial assets	5,825	2,155
Level 3 \| Accounts payable and other
Disclosure of carrying value and fair value of assets and liabilities
Financial liabilities	2,419	1,311
Level 3 \| Accounts payable and other \| Discounted cash flows
Disclosure of carrying value and fair value of assets and liabilities
Financial liabilities	2,419
Level 3 \| Subsidiary equity obligations
Disclosure of carrying value and fair value of assets and liabilities
Financial liabilities	673	1,403
Level 3 \| Subsidiary equity obligations \| Discounted cash flows
Disclosure of carrying value and fair value of assets and liabilities
Financial liabilities	673
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		383
Level 3 \| Corporate bonds \| Discounted cash flows
Disclosure of carrying value and fair value of assets and liabilities
Financial assets	324
Level 3 \| Fixed income securities and other
Disclosure of carrying value and fair value of assets and liabilities
Financial assets	3,376	451
Level 3 \| Fixed income securities and other \| Discounted cash flows
Disclosure of carrying value and fair value of assets and liabilities
Financial assets	3,376
Level 3 \| Common shares and warrants
Disclosure of carrying value and fair value of assets and liabilities
Financial assets	2,120	1,316
Level 3 \| Loans and notes receivables
Disclosure of carrying value and fair value of assets and liabilities
Financial assets	5	5
Level 3 \| Accounts receivable and other
Disclosure of carrying value and fair value of assets and liabilities
Financial assets	$ 6	$ 77

FAIR VALUE OF FINANCIAL INSTR_5

FAIR VALUE OF FINANCIAL INSTRUMENTS - Valuation Techniques on Fair Value Measurements (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Disclosure Of Significant Unobservable Inputs Used In Fair Value Measurements Of Assets And Liabilities [Table] [Line Items]
Financial assets	$ 61,175	$ 44,558
Financial liabilities	(261,308)	(227,064)
Level 2
Disclosure Of Significant Unobservable Inputs Used In Fair Value Measurements Of Assets And Liabilities [Table] [Line Items]
Financial assets	9,462	8,743
Financial liabilities	(4,910)	(4,285)
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	(4,469)	(4,150)
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	(4,469)
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	(441)	(135)
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	(441)
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	3,731	2,265
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	5,731
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	2,099	1,908
Level 2 \| Corporate bonds
Disclosure Of Significant Unobservable Inputs Used In Fair Value Measurements Of Assets And Liabilities [Table] [Line Items]
Financial assets	1,754	2,050
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	377	548
Level 3
Disclosure Of Significant Unobservable Inputs Used In Fair Value Measurements Of Assets And Liabilities [Table] [Line Items]
Financial assets	5,831	2,232
Financial liabilities	(3,092)	(2,714)
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	(2,419)	(1,311)
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	(2,419)
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	(673)	(1,403)
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	(673)
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	6	77
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	3,376	451
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	3,376
Level 3 \| Corporate bonds
Disclosure Of Significant Unobservable Inputs Used In Fair Value Measurements Of Assets And Liabilities [Table] [Line Items]
Financial assets		383
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	324
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	2,120	$ 1,316
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	2,120
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	$ 6

FAIR VALUE OF FINANCIAL INSTR_6

FAIR VALUE OF FINANCIAL INSTRUMENTS - Level 3 Financial Assets and Liabilities (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure of detailed information about financial instruments [line items]
Financial assets	$ 61,175	$ 44,558
Financial liabilities	261,308	227,064
Level 3
Disclosure of detailed information about financial instruments [line items]
Financial assets	5,831	2,232
Financial liabilities	3,092	2,714
Level 3 \| At fair value
Disclosure of detailed information about financial instruments [line items]
Financial assets	5,831	2,232	$ 2,369
Financial liabilities	3,092	2,714	$ 2,104
Gains (losses) recognised in profit or loss including exchange differences, fair value measurement, assets	95	160
Gains (losses) recognised in profit or loss including exchange differences, fair value measurement, liabilities	(394)	96
Gains (losses) recognised in other comprehensive income including exchange differences, fair value measurement, assets	(13)	(8)
Gains (losses) recognised in other comprehensive income including exchange differences, fair value measurement, liabilities	(3)	94
Additions, net of disposals	3,517	(289)
Additions, net of disposals	$ 775	$ 420

FAIR VALUE OF FINANCIAL INSTR_7

FAIR VALUE OF FINANCIAL INSTRUMENTS - Financial Instrument Classification (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Disclosure of financial assets [line items]
Financial assets	$ 61,175	$ 44,558
Financial assets	61,175	44,558
Disclosure of financial liabilities [line items]
Financial liabilities	266,821	223,744
Financial liabilities	261,308	227,064
Corporate borrowings
Disclosure of financial liabilities [line items]
Financial liabilities	11,390	10,875
Financial liabilities	9,599	11,993
Property-specific borrowings and subsidiary borrowings [Member]
Disclosure of financial liabilities [line items]
Financial liabilities	202,684	165,057
Financial liabilities	198,962	167,259
Property-specific borrowings
Disclosure of financial liabilities [line items]
Financial liabilities	187,544	152,181
Financial liabilities	184,254	153,844
Subsidiary borrowings
Disclosure of financial liabilities [line items]
Financial liabilities	15,140	12,876
Financial liabilities	14,708	13,415
Accounts payable and other
Disclosure of financial liabilities [line items]
Financial liabilities	48,559	43,504
Financial liabilities	48,559	43,504
Subsidiary equity obligations
Disclosure of financial liabilities [line items]
Financial liabilities	4,188	4,308
Financial liabilities	4,188	4,308
Cash and cash equivalents
Disclosure of financial assets [line items]
Financial assets	14,396	12,694
Financial assets	14,396	12,694
Government bonds
Disclosure of financial assets [line items]
Financial assets	1,566	2,020
Financial assets	1,566	2,020
Corporate bonds
Disclosure of financial assets [line items]
Financial assets	2,147	2,521
Financial assets	2,147	2,521
Fixed income securities and other
Disclosure of financial assets [line items]
Financial assets	8,762	3,241
Financial assets	8,762	3,241
Common shares and warrants
Disclosure of financial assets [line items]
Financial assets	6,472	5,927
Financial assets	6,472	5,927
Loans and notes receivables
Disclosure of financial assets [line items]
Financial assets	7,952	2,837
Financial assets	7,952	2,837
Other financial assets
Disclosure of financial assets [line items]
Financial assets	26,899	16,546
Financial assets	26,899	16,546
Accounts receivable and other
Disclosure of financial assets [line items]
Financial assets	19,880	15,318
Financial assets	$ 19,880	$ 15,318

FAIR VALUE OF FINANCIAL INSTR_8

FAIR VALUE OF FINANCIAL INSTRUMENTS - Financial Instrument Classification, Footnotes (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Disclosure of carrying value and fair value of assets and liabilities
Financial assets pledged as collateral for liabilities or contingent liabilities	$ 14,000	$ 10,100
Financial assets	61,175	44,558
Accounts payable and other
Disclosure of carrying value and fair value of assets and liabilities
Financial instruments designated as hedging instruments, at fair value	2,100	1,500
Accounts receivable and other
Disclosure of carrying value and fair value of assets and liabilities
Financial assets	19,880	15,318
Financial instruments designated as hedging instruments, at fair value	$ 3,000	$ 1,100

FAIR VALUE OF FINANCIAL INSTR_9

FAIR VALUE OF FINANCIAL INSTRUMENTS - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
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	$ 10	$ 1
Cash included in cash and cash equivalents	12,000	10,800
Short-term deposits, classified as cash equivalents	2,400	1,900
Financial assets transferred between Levels 1, 2, and 3	460
Cash flow hedges
Disclosure of carrying value and fair value of assets and liabilities
Gains (losses) on cash flow hedges, before tax	2,081	582
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	2,998	407
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	78	996
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	(1,100)	(213)
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	1,600	232
Elected for hedge accounting \| Net investment hedges
Disclosure of carrying value and fair value of assets and liabilities
Derivative financial assets held for hedging	$ 756	$ 163

FAIR VALUE OF FINANCIAL INST_10

FAIR VALUE OF FINANCIAL INSTRUMENTS - Other Financial Assets (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Disclosure of detailed information about financial instruments [abstract]
Current	$ 7,565	$ 6,963
Non-current	19,334	9,583
Total	$ 26,899	$ 16,546

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, 2022	Dec. 31, 2021
Disclosure of fair value measurement of liabilities [line items]
Financial liabilities	$ 266,821	$ 223,744
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	9,524	11,906
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	75	87
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	6,742	12,163
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	87,764	65,234
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	89,748	76,620
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	7,547	6,831
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	2,100	0
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	5,061	6,411
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	689	544
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	$ 2,385	$ 2,226

FAIR VALUE OF FINANCIAL INST_12

FAIR VALUE OF FINANCIAL INSTRUMENTS - Netting of Financial Instruments (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Accounts receivable and other [Member]
Disclosure of offsetting of financial assets [line items]
Gross amounts of financial instruments before netting	$ 4,638	$ 4,814
Gross amounts of financial instruments set-off in Consolidated Balance Sheets	(889)	(2,469)
Net amount of financial instruments in Consolidated Balance Sheets	3,749	2,345
Accounts payable and other
Disclosure of offsetting of financial assets [line items]
Gross amounts of financial instruments before netting	4,703	5,037
Gross amounts of financial instruments set-off in Consolidated Balance Sheets	(861)	(2,452)
Net amount of financial instruments in Consolidated Balance Sheets	$ 3,842	$ 2,585

ACCOUNTS RECEIVABLE AND OTHER -

ACCOUNTS RECEIVABLE AND OTHER - Schedule of Accounts Receivable and Other (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Subclassifications of assets, liabilities and equities [abstract]
Accounts receivable	$ 14,155	$ 11,332
Prepaid expenses and other assets	10,557	8,162
Restricted cash	2,666	2,266
Accounts receivable and other	$ 27,378	$ 21,760

ACCOUNTS RECEIVABLE AND OTHER_2

ACCOUNTS RECEIVABLE AND OTHER - Schedule of Current and Non-Current Accounts Receivable (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Subclassifications of assets, liabilities and equities [abstract]
Current	$ 19,489	$ 16,098
Non-current	7,889	5,662
Accounts receivable and other	$ 27,378	$ 21,760

ACCOUNTS RECEIVABLE AND OTHER_3

ACCOUNTS RECEIVABLE AND OTHER - Narrative (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Disclosure of acquired receivables [line items]
Contract assets	$ 703	$ 651

INVENTORY - Schedule of Invento

INVENTORY - Schedule of Inventory Properties (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Disclosure of Inventory Properties [Line Items]
Total	$ 12,843	$ 11,415
Residential properties under development [Member]
Disclosure of Inventory Properties [Line Items]
Total	1,558	2,135
Land held for development [Member]
Disclosure of Inventory Properties [Line Items]
Total	1,895	1,802
Completed residential properties [Member]
Disclosure of Inventory Properties [Line Items]
Total	2,342	1,869
Industrial products and other [Member]
Disclosure of Inventory Properties [Line Items]
Total	2,911	3,113
Other [Member]
Disclosure of Inventory Properties [Line Items]
Total	4,137	2,496
Fuel Inventory [Member]
Disclosure of Inventory Properties [Line Items]
Total	850	731
Office development
Disclosure of Inventory Properties [Line Items]
Total	$ 575	$ 213

INVENTORY - Schedule of Current

INVENTORY - Schedule of Current and Non-Current Inventory Balances (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Inventories [Abstract]
Current	$ 9,108	$ 8,557
Non-current	3,735	2,858
Total	$ 12,843	$ 11,415

INVENTORY - Narrative (Details)

INVENTORY - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
INVENTORY - Narrative (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Inventories [Abstract]
Cost of inventories recognised as expense during period	$ 44,100	$ 35,700
Impairment of inventory	(110)	(96)
Inventories pledged as security for liabilities	$ 7,100	$ 6,800

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, 2022	Dec. 31, 2021	Dec. 31, 2020
Assets
Accounts receivable and other	$ 27,378	$ 21,760
Equity accounted investments	47,094	46,100	$ 41,327
Investment properties	115,100	100,865	96,782
Property, plant and equipment	124,268	115,489
Goodwill	28,662	20,227	14,714
Intangible assets	38,411	30,609	24,658
Deferred income tax assets	3,403	3,340
Assets classified as held for sale	2,830	11,958
Liabilities
Accounts payable and other	57,065	52,546
Non-recourse borrowings of managed entities	202,684	165,057
Deferred income tax liabilities	23,190	20,328
Liabilities associated with assets classified as held for sale	876	3,148
Assets and liabilities classified as held for sale
Assets
Cash and cash equivalents	46	213
Accounts receivable and other	154	298
Equity accounted investments	407	276
Investment properties	388	9,053
Property, plant and equipment	1,027	1,874
Other long-term assets	61	0
Goodwill	32	220
Intangible assets	712	0
Deferred income tax assets	3	24
Assets classified as held for sale	2,830
Liabilities
Accounts payable and other	304	139
Non-recourse borrowings of managed entities	569	3,009
Deferred income tax liabilities	3	0
Liabilities associated with assets classified as held for sale	876
Real Estate
Assets
Equity accounted investments	22,264	25,186
Property, plant and equipment	15,362	10,968	$ 8,539
Goodwill	1,756	1,264
Intangible assets	1,202	1,226
Real Estate \| Assets and liabilities classified as held for sale
Assets
Cash and cash equivalents	0
Accounts receivable and other	2
Equity accounted investments	277
Investment properties	388
Property, plant and equipment	6
Other long-term assets	14
Goodwill	0
Intangible assets	0
Deferred income tax assets	0
Assets classified as held for sale	687
Liabilities
Accounts payable and other	4
Non-recourse borrowings of managed entities	0
Deferred income tax liabilities	0
Liabilities associated with assets classified as held for sale	4
Infrastructure
Assets
Equity accounted investments	11,844	9,569
Property, plant and equipment	37,293	38,655
Goodwill	8,789	8,979
Intangible assets	11,822	14,214
Infrastructure \| Assets and liabilities classified as held for sale
Assets
Cash and cash equivalents	37
Accounts receivable and other	33
Equity accounted investments	138
Investment properties	0
Property, plant and equipment	4
Other long-term assets	41
Goodwill	21
Intangible assets	582
Deferred income tax assets	0
Assets classified as held for sale	856
Liabilities
Accounts payable and other	81
Non-recourse borrowings of managed entities	394
Deferred income tax liabilities	3
Liabilities associated with assets classified as held for sale	478
Renewable Power and Transition
Assets
Equity accounted investments	2,261	1,801
Goodwill	1,500	966
Renewable Power
Assets
Property, plant and equipment	55,243	$ 50,317
Renewable Power \| Assets and liabilities classified as held for sale
Assets
Cash and cash equivalents	9
Accounts receivable and other	12
Equity accounted investments	0
Investment properties	0
Property, plant and equipment	910
Other long-term assets	6
Goodwill	0
Intangible assets	0
Deferred income tax assets	0
Assets classified as held for sale	937
Liabilities
Accounts payable and other	181
Non-recourse borrowings of managed entities	171
Deferred income tax liabilities	0
Liabilities associated with assets classified as held for sale	352
Private Equity and Other [Member] \| Assets and liabilities classified as held for sale
Assets
Cash and cash equivalents	0
Accounts receivable and other	107
Equity accounted investments	(8)
Investment properties	0
Property, plant and equipment	107
Other long-term assets	0
Goodwill	11
Intangible assets	130
Deferred income tax assets	3
Assets classified as held for sale	350
Liabilities
Accounts payable and other	38
Non-recourse borrowings of managed entities	4
Deferred income tax liabilities	0
Liabilities associated with assets classified as held for sale	$ 42

HELD FOR SALE - Narrative (Deta

HELD FOR SALE - Narrative (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Disclosure of financial assets [line items]
Assets	$ 441,284	$ 391,003
Total liabilities	299,393	$ 256,262
Assets and liabilities classified as held for sale
Disclosure of financial assets [line items]
Assets	13,500
Total liabilities	$ 3,700

EQUITY ACCOUNTED INVESTMENTS -

EQUITY ACCOUNTED INVESTMENTS - Schedule Of Investments in Associates and Joint Ventures (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure Of Associates And Joint Ventures [Line Items]
Equity accounted investments	$ 47,094	$ 46,100	$ 41,327
Disposals, net of additions1	1,284	4,013
Real Estate
Disclosure Of Associates And Joint Ventures [Line Items]
Equity accounted investments	22,264	25,186
Disposals, net of additions1	(3,063)
Real Estate \| Core
Disclosure Of Associates And Joint Ventures [Line Items]
Carrying value of publicly traded investments accounted for using equity method	7,324	9,819
Real Estate \| Transitional and Development [Member]
Disclosure Of Associates And Joint Ventures [Line Items]
Carrying value of publicly traded investments accounted for using equity method	11,095	10,303
Real Estate \| LP Investments and Other [Member]
Disclosure Of Associates And Joint Ventures [Line Items]
Carrying value of publicly traded investments accounted for using equity method	3,319	4,813
Infrastructure
Disclosure Of Associates And Joint Ventures [Line Items]
Equity accounted investments	11,844	9,569
Disposals, net of additions1	2,602
Infrastructure \| Utilities [Member]
Disclosure Of Associates And Joint Ventures [Line Items]
Disposals, net of additions1	1,117	$ 0
Infrastructure \| Transport
Disclosure Of Associates And Joint Ventures [Line Items]
Proportion of ownership interest in joint venture		50%
Disposals, net of additions1	2,367	$ 64
Infrastructure \| Midstream [Member]
Disclosure Of Associates And Joint Ventures [Line Items]
Proportion of ownership interest in joint venture		50%
Disposals, net of additions1	757	$ 653
Infrastructure \| Data [Member]
Disclosure Of Associates And Joint Ventures [Line Items]
Disposals, net of additions1	2,571	0
Private Equity
Disclosure Of Associates And Joint Ventures [Line Items]
Equity accounted investments	3,574	2,992
Disposals, net of additions1	74
Renewable Power and Transition
Disclosure Of Associates And Joint Ventures [Line Items]
Equity accounted investments	2,261	1,801
Other
Disclosure Of Associates And Joint Ventures [Line Items]
Investments in Joint Ventures and Associates Accounted for Using the Equity Method	1,224	956
Renewable Power and Transition
Disclosure Of Associates And Joint Ventures [Line Items]
Equity accounted investments	3,485	$ 2,757
Disposals, net of additions1	$ 1,225
Real Estate and Infrastructure [Member]
Disclosure Of Associates And Joint Ventures [Line Items]
Proportion of ownership interest in associate or joint venture	50%
Bottom of range \| Real Estate \| Core
Disclosure Of Associates And Joint Ventures [Line Items]
Proportion of ownership interest in joint venture	25%	15%
Bottom of range \| Real Estate \| Transitional and Development [Member]
Disclosure Of Associates And Joint Ventures [Line Items]
Proportion of ownership interest in joint venture	9%	22%
Bottom of range \| Real Estate \| LP Investments and Other [Member]
Disclosure Of Associates And Joint Ventures [Line Items]
Proportion of ownership interest in joint venture	6%	8%
Bottom of range \| Infrastructure \| Utilities [Member]
Disclosure Of Associates And Joint Ventures [Line Items]
Proportion of ownership interest in joint venture	15%
Bottom of range \| Infrastructure \| Transport
Disclosure Of Associates And Joint Ventures [Line Items]
Proportion of ownership interest in joint venture	6%
Bottom of range \| Infrastructure \| Midstream [Member]
Disclosure Of Associates And Joint Ventures [Line Items]
Proportion of ownership interest in joint venture	20%
Bottom of range \| Infrastructure \| Data [Member]
Disclosure Of Associates And Joint Ventures [Line Items]
Proportion of ownership interest in joint venture	12%
Bottom of range \| Other
Disclosure Of Associates And Joint Ventures [Line Items]
Proportion of ownership interest in associate or joint venture	35%	22%
Top of range \| Real Estate \| Core
Disclosure Of Associates And Joint Ventures [Line Items]
Proportion of ownership interest in joint venture	56%	56%
Top of range \| Real Estate \| Transitional and Development [Member]
Disclosure Of Associates And Joint Ventures [Line Items]
Proportion of ownership interest in joint venture	68%	70%
Top of range \| Real Estate \| LP Investments and Other [Member]
Disclosure Of Associates And Joint Ventures [Line Items]
Proportion of ownership interest in joint venture	98%	91%
Top of range \| Infrastructure \| Utilities [Member]
Disclosure Of Associates And Joint Ventures [Line Items]
Proportion of ownership interest in joint venture	49%
Top of range \| Infrastructure \| Transport
Disclosure Of Associates And Joint Ventures [Line Items]
Proportion of ownership interest in joint venture	31%
Top of range \| Infrastructure \| Midstream [Member]
Disclosure Of Associates And Joint Ventures [Line Items]
Proportion of ownership interest in joint venture	38%
Top of range \| Infrastructure \| Data [Member]
Disclosure Of Associates And Joint Ventures [Line Items]
Proportion of ownership interest in joint venture	50%
Top of range \| Other
Disclosure Of Associates And Joint Ventures [Line Items]
Proportion of ownership interest in associate or joint venture	82%	70%
Oaktree [Member]
Disclosure Of Associates And Joint Ventures [Line Items]
Proportion of ownership interest in associate or joint venture	64%	62%
Equity accounted investments	$ 5,927	$ 5,596
Disposals, net of additions1	446
Transitional and Development [Member] \| Real Estate
Disclosure Of Associates And Joint Ventures [Line Items]
Investments in Joint Ventures and Associates Accounted for Using the Equity Method	$ 485	0
Transitional and Development [Member] \| Bottom of range \| Real Estate
Disclosure Of Associates And Joint Ventures [Line Items]
Proportion of ownership interest in associate	26%
Transitional and Development [Member] \| Top of range \| Real Estate
Disclosure Of Associates And Joint Ventures [Line Items]
Proportion of ownership interest in associate	50%
LP Investments and Other [Member] \| Real Estate
Disclosure Of Associates And Joint Ventures [Line Items]
Investments in Joint Ventures and Associates Accounted for Using the Equity Method	$ 41	$ 251
LP Investments and Other [Member] \| Bottom of range \| Real Estate
Disclosure Of Associates And Joint Ventures [Line Items]
Proportion of ownership interest in associate	16%	13%
LP Investments and Other [Member] \| Top of range \| Real Estate
Disclosure Of Associates And Joint Ventures [Line Items]
Proportion of ownership interest in associate	31%	31%
Utilities [Member] \| Infrastructure
Disclosure Of Associates And Joint Ventures [Line Items]
Investments in Joint Ventures and Associates Accounted for Using the Equity Method	$ 1,244	$ 946
Utilities [Member] \| Bottom of range \| Infrastructure
Disclosure Of Associates And Joint Ventures [Line Items]
Proportion of ownership interest in associate	8%	11%
Utilities [Member] \| Top of range \| Infrastructure
Disclosure Of Associates And Joint Ventures [Line Items]
Proportion of ownership interest in associate	38%	50%
Transport \| Infrastructure
Disclosure Of Associates And Joint Ventures [Line Items]
Investments in Joint Ventures and Associates Accounted for Using the Equity Method	$ 1,772	$ 4,724
Transport \| Bottom of range \| Infrastructure
Disclosure Of Associates And Joint Ventures [Line Items]
Proportion of ownership interest in associate	26%	21%
Transport \| Top of range \| Infrastructure
Disclosure Of Associates And Joint Ventures [Line Items]
Proportion of ownership interest in associate	58%	58%
Data [Member] \| Infrastructure
Disclosure Of Associates And Joint Ventures [Line Items]
Proportion of ownership interest in associate	3%
Investments in Joint Ventures and Associates Accounted for Using the Equity Method	$ 1,719	$ 3,076
Data [Member] \| Bottom of range \| Infrastructure
Disclosure Of Associates And Joint Ventures [Line Items]
Proportion of ownership interest in associate		45%
Data [Member] \| Top of range \| Infrastructure
Disclosure Of Associates And Joint Ventures [Line Items]
Proportion of ownership interest in associate		50%
Other [Member] \| Infrastructure
Disclosure Of Associates And Joint Ventures [Line Items]
Investments in Joint Ventures and Associates Accounted for Using the Equity Method	297	$ 106
Other [Member] \| Private Equity
Disclosure Of Associates And Joint Ventures [Line Items]
Investments in Joint Ventures and Associates Accounted for Using the Equity Method	2,642	2,205
Other [Member] \| Renewable Power and Transition
Disclosure Of Associates And Joint Ventures [Line Items]
Investments in Joint Ventures and Associates Accounted for Using the Equity Method	$ 2,261	$ 1,801
Other [Member] \| Bottom of range \| Infrastructure
Disclosure Of Associates And Joint Ventures [Line Items]
Proportion of ownership interest in associate	22%	22%
Other [Member] \| Bottom of range \| Private Equity
Disclosure Of Associates And Joint Ventures [Line Items]
Proportion of ownership interest in associate	14%	14%
Other [Member] \| Bottom of range \| Renewable Power and Transition
Disclosure Of Associates And Joint Ventures [Line Items]
Proportion of ownership interest in associate or joint venture	3%	3%
Other [Member] \| Top of range \| Infrastructure
Disclosure Of Associates And Joint Ventures [Line Items]
Proportion of ownership interest in associate	50%	50%
Other [Member] \| Top of range \| Private Equity
Disclosure Of Associates And Joint Ventures [Line Items]
Proportion of ownership interest in associate	50%	70%
Other [Member] \| Top of range \| Renewable Power and Transition
Disclosure Of Associates And Joint Ventures [Line Items]
Proportion of ownership interest in associate or joint venture	65%	65%
Industrial operations [Member] \| Private Equity
Disclosure Of Associates And Joint Ventures [Line Items]
Investments in Joint Ventures and Associates Accounted for Using the Equity Method	$ 932	$ 787
Industrial operations [Member] \| Bottom of range \| Private Equity
Disclosure Of Associates And Joint Ventures [Line Items]
Proportion of ownership interest in associate	9%	24%
Industrial operations [Member] \| Top of range \| Private Equity
Disclosure Of Associates And Joint Ventures [Line Items]
Proportion of ownership interest in associate	54%	54%

EQUITY ACCOUNTED INVESTMENTS _2

EQUITY ACCOUNTED INVESTMENTS - Schedule Of Changes In Balance Of Investments (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Disclosure Of Associates And Joint Ventures [Line Items]
Balance, beginning of period	$ 46,100	$ 41,327
Disposals, net of additions1	1,284	4,013
Investment Accounted For Using Equity Method, Acquisitions Through Business Combinations	682	72
Investment Accounted for Using Equity Method, Share of comprehensive income	2,465	3,387
Distributions received	(2,334)	(1,758)
Return of Capital	(432)	(273)
Foreign currency translation and other	(671)	(668)
Balance, end of period	47,094	46,100
Real Estate
Disclosure Of Associates And Joint Ventures [Line Items]
Balance, beginning of period	25,186
Disposals, net of additions1	(3,063)
Investment Accounted For Using Equity Method, Acquisitions Through Business Combinations	222
Investment Accounted for Using Equity Method, Share of comprehensive income	1,492
Distributions received	(550)
Return of Capital	(430)
Foreign currency translation and other	(593)
Balance, end of period	22,264	25,186
Infrastructure
Disclosure Of Associates And Joint Ventures [Line Items]
Balance, beginning of period	9,569
Disposals, net of additions1	2,602
Investment Accounted For Using Equity Method, Acquisitions Through Business Combinations	0
Investment Accounted for Using Equity Method, Share of comprehensive income	894
Distributions received	(1,178)
Return of Capital	0
Foreign currency translation and other	(43)
Balance, end of period	11,844	9,569
Private Equity
Disclosure Of Associates And Joint Ventures [Line Items]
Balance, beginning of period	2,992
Disposals, net of additions1	74
Investment Accounted For Using Equity Method, Acquisitions Through Business Combinations	461
Investment Accounted for Using Equity Method, Share of comprehensive income	232
Distributions received	(170)
Return of Capital	(2)
Foreign currency translation and other	(13)
Balance, end of period	3,574	2,992
Renewable Power and Transition
Disclosure Of Associates And Joint Ventures [Line Items]
Balance, beginning of period	2,757
Disposals, net of additions1	1,225
Investment Accounted For Using Equity Method, Acquisitions Through Business Combinations	(1)
Investment Accounted for Using Equity Method, Share of comprehensive income	(388)
Distributions received	(86)
Return of Capital	0
Foreign currency translation and other	(22)
Balance, end of period	3,485	2,757
Oaktree [Member]
Disclosure Of Associates And Joint Ventures [Line Items]
Balance, beginning of period	5,596
Disposals, net of additions1	446
Investment Accounted For Using Equity Method, Acquisitions Through Business Combinations	0
Investment Accounted for Using Equity Method, Share of comprehensive income	235
Distributions received	(350)
Return of Capital	0
Foreign currency translation and other	0
Balance, end of period	$ 5,927	$ 5,596

EQUITY ACCOUNTED INVESTMENTS EQ

EQUITY ACCOUNTED INVESTMENTS EQUITY ACCOUNTED INVESTMENTS - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Equity Accounted Income - Narrative [Abstract]
Investment Accounted For Using Equity Method, Additions, Net Of Disposals	$ 1,284	$ 4,013

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, 2022	Dec. 31, 2021
Disclosure Of Associates And Joint Ventures [Line Items]
Current assets	$ 23,339	$ 18,920
Non-current assets	236,118	197,862
Current liabilities	25,304	16,933
Non-current liabilities	133,013	101,007
Real Estate \| Core office
Disclosure Of Associates And Joint Ventures [Line Items]
Current assets	1,297	1,985
Non-current assets	27,599	39,322
Current liabilities	1,464	2,272
Non-current liabilities	12,785	17,787
Real Estate \| LP Investments and Other [Member]
Disclosure Of Associates And Joint Ventures [Line Items]
Current assets	1,875	1,854
Non-current assets	11,309	19,622
Current liabilities	1,464	1,214
Non-current liabilities	5,605	9,164
Real Estate \| Transitional and Development [Member]
Disclosure Of Associates And Joint Ventures [Line Items]
Current assets	1,646	1,723
Non-current assets	42,733	35,099
Current liabilities	4,846	927
Non-current liabilities	14,482	14,091
Infrastructure \| Utilities [Member]
Disclosure Of Associates And Joint Ventures [Line Items]
Current assets	372	0
Non-current assets	6,167	0
Current liabilities	366	0
Non-current liabilities	4,088	0
Infrastructure \| Transport
Disclosure Of Associates And Joint Ventures [Line Items]
Current assets	237	32
Non-current assets	10,054	115
Current liabilities	118	12
Non-current liabilities	6,029	63
Infrastructure \| Midstream [Member]
Disclosure Of Associates And Joint Ventures [Line Items]
Current assets	232	197
Non-current assets	6,279	6,097
Current liabilities	226	215
Non-current liabilities	4,067	4,003
Infrastructure \| Data [Member]
Disclosure Of Associates And Joint Ventures [Line Items]
Current assets	1,009	0
Non-current assets	6,640	0
Current liabilities	647	0
Non-current liabilities	3,640	0
Renewable Power
Disclosure Of Associates And Joint Ventures [Line Items]
Current assets	4,163	2,763
Non-current assets	14,878	12,675
Current liabilities	3,375	2,546
Non-current liabilities	8,125	6,811
Other [Member]
Disclosure Of Associates And Joint Ventures [Line Items]
Current assets	3,558	2,075
Non-current assets	40,355	9,419
Current liabilities	5,327	1,593
Non-current liabilities	36,721	8,465
Oaktree [Member]
Disclosure Of Associates And Joint Ventures [Line Items]
Current assets	1,999	2,136
Non-current assets	19,038	20,351
Current liabilities	1,441	1,936
Non-current liabilities	10,332	9,229
Transitional and Development [Member] \| Real Estate
Disclosure Of Associates And Joint Ventures [Line Items]
Current assets	50	0
Non-current assets	2,792	0
Current liabilities	77	0
Non-current liabilities	1,143	0
LP Investments and Other [Member] \| Real Estate
Disclosure Of Associates And Joint Ventures [Line Items]
Current assets	71	17
Non-current assets	109	1,070
Current liabilities	54	19
Non-current liabilities	0	757
Utilities [Member] \| Infrastructure
Disclosure Of Associates And Joint Ventures [Line Items]
Current assets	363	359
Non-current assets	15,744	5,723
Current liabilities	364	444
Non-current liabilities	8,588	3,738
Transport \| Infrastructure
Disclosure Of Associates And Joint Ventures [Line Items]
Current assets	1,318	1,325
Non-current assets	12,033	24,322
Current liabilities	2,259	2,160
Non-current liabilities	5,919	12,981
Data [Member] \| Infrastructure
Disclosure Of Associates And Joint Ventures [Line Items]
Current assets	438	1,054
Non-current assets	8,659	13,394
Current liabilities	564	1,727
Non-current liabilities	4,793	6,284
Other [Member] \| Infrastructure
Disclosure Of Associates And Joint Ventures [Line Items]
Current assets	118	30
Non-current assets	1,362	321
Current liabilities	92	20
Non-current liabilities	357	84
Other [Member] \| Private Equity
Disclosure Of Associates And Joint Ventures [Line Items]
Current assets	2,911	1,949
Non-current assets	8,015	9,163
Current liabilities	1,831	1,208
Non-current liabilities	5,773	7,220
Industrial products [Member] \| Private Equity
Disclosure Of Associates And Joint Ventures [Line Items]
Current assets	1,682	1,421
Non-current assets	2,352	1,169
Current liabilities	789	640
Non-current liabilities	$ 566	$ 330

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, 2022	Dec. 31, 2021
Disclosure Of Associates And Joint Ventures [Line Items]
Revenue of associate or joint venture	$ 48,440	$ 42,994
Profit (Loss) of associate or joint venture	6,478	6,471
Other Comprehensive Income of associate or joint venture	1,056	952
Real Estate \| Core office
Disclosure Of Associates And Joint Ventures [Line Items]
Revenue of associate or joint venture	1,192	1,917
Profit (Loss) of associate or joint venture	1,234	1,404
Other Comprehensive Income of associate or joint venture	143	100
Real Estate \| LP Investments and Other [Member]
Disclosure Of Associates And Joint Ventures [Line Items]
Revenue of associate or joint venture	1,362	1,114
Profit (Loss) of associate or joint venture	350	457
Other Comprehensive Income of associate or joint venture	312	321
Real Estate \| Transitional and Development [Member]
Disclosure Of Associates And Joint Ventures [Line Items]
Revenue of associate or joint venture	3,468	2,602
Profit (Loss) of associate or joint venture	718	1,215
Other Comprehensive Income of associate or joint venture	94	0
Infrastructure \| Utilities [Member]
Disclosure Of Associates And Joint Ventures [Line Items]
Revenue of associate or joint venture	869	0
Profit (Loss) of associate or joint venture	183	0
Other Comprehensive Income of associate or joint venture	171	0
Infrastructure \| Transport
Disclosure Of Associates And Joint Ventures [Line Items]
Revenue of associate or joint venture	14,372	123
Profit (Loss) of associate or joint venture	1,580	4
Other Comprehensive Income of associate or joint venture	93	(2)
Infrastructure \| Midstream [Member]
Disclosure Of Associates And Joint Ventures [Line Items]
Revenue of associate or joint venture	918	783
Profit (Loss) of associate or joint venture	220	137
Other Comprehensive Income of associate or joint venture	67	0
Infrastructure \| Data [Member]
Disclosure Of Associates And Joint Ventures [Line Items]
Revenue of associate or joint venture	1,571	0
Profit (Loss) of associate or joint venture	337	0
Other Comprehensive Income of associate or joint venture	522	0
Renewable Power
Disclosure Of Associates And Joint Ventures [Line Items]
Revenue of associate or joint venture	3,487	2,891
Profit (Loss) of associate or joint venture	359	(208)
Other Comprehensive Income of associate or joint venture	(583)	(15)
Other [Member]
Disclosure Of Associates And Joint Ventures [Line Items]
Revenue of associate or joint venture	5,100	7,344
Profit (Loss) of associate or joint venture	492	(46)
Other Comprehensive Income of associate or joint venture	(870)	(15)
Oaktree [Member]
Disclosure Of Associates And Joint Ventures [Line Items]
Revenue of associate or joint venture	1,489	2,308
Profit (Loss) of associate or joint venture	579	1,355
Other Comprehensive Income of associate or joint venture	15	7
Transitional and Development [Member] \| Real Estate
Disclosure Of Associates And Joint Ventures [Line Items]
Revenue of associate or joint venture	(12)	0
Profit (Loss) of associate or joint venture	128	0
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	230	84
Profit (Loss) of associate or joint venture	(6)	(133)
Other Comprehensive Income of associate or joint venture	69	949
Utilities [Member] \| Infrastructure
Disclosure Of Associates And Joint Ventures [Line Items]
Revenue of associate or joint venture	1,306	1,336
Profit (Loss) of associate or joint venture	32	521
Other Comprehensive Income of associate or joint venture	(112)	28
Transport \| Infrastructure
Disclosure Of Associates And Joint Ventures [Line Items]
Revenue of associate or joint venture	2,561	11,685
Profit (Loss) of associate or joint venture	(132)	1,570
Other Comprehensive Income of associate or joint venture	307	(433)
Data [Member] \| Infrastructure
Disclosure Of Associates And Joint Ventures [Line Items]
Revenue of associate or joint venture	815	2,460
Profit (Loss) of associate or joint venture	(23)	70
Other Comprehensive Income of associate or joint venture	247	73
Other [Member] \| Infrastructure
Disclosure Of Associates And Joint Ventures [Line Items]
Revenue of associate or joint venture	173	50
Profit (Loss) of associate or joint venture	(349)	(66)
Other Comprehensive Income of associate or joint venture	600	56
Other [Member] \| Private Equity
Disclosure Of Associates And Joint Ventures [Line Items]
Revenue of associate or joint venture	6,077	5,215
Profit (Loss) of associate or joint venture	320	(233)
Other Comprehensive Income of associate or joint venture	(28)	(113)
Industrial operations [Member] \| Private Equity
Disclosure Of Associates And Joint Ventures [Line Items]
Revenue of associate or joint venture	3,462	3,082
Profit (Loss) of associate or joint venture	456	424
Other Comprehensive Income of associate or joint venture	$ 9	$ (4)

PROPERTY, PLANT AND EQUIPMENT -

PROPERTY, PLANT AND EQUIPMENT - Schedule of Property, Plant and Equipment by Operating Segments (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment	$ 124,268	$ 115,489
Right-of-use assets	4,400	4,100
Property, plant and equipment [member]
Disclosure of detailed information about property, plant and equipment [line items]
Right-of-use assets	6,600	7,000
Assets subject to operating leases	5,600	5,800
Gross carrying amount [member]
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment	112,314	103,008
Accumulated fair value changes
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment	34,930	31,074
Accumulated depreciation
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment	(22,976)	(18,593)
Renewable Power
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment	55,243	50,317
Renewable Power \| Property, plant and equipment [member]
Disclosure of detailed information about property, plant and equipment [line items]
Right-of-use assets	435	415
Renewable Power \| Gross carrying amount [member]
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment	34,483	30,588	$ 28,838
Additions, net of disposals and assets reclassified as held for sale	1,675	475
Acquisitions through business combinations, property, plant and equipment	3,086	2,366
Foreign currency translation	(866)	(1,091)
Renewable Power \| Accumulated fair value changes
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment	30,726	28,138	24,238
Disposals, property, plant and equipment	(135)	(354)
Foreign currency translation	(1,180)	(565)
Renewable Power \| Accumulated depreciation
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment	(9,966)	(8,409)	(7,870)
Disposals, property, plant and equipment	97	815
Depreciation expenses	(1,594)	(1,510)
Foreign currency translation	(60)	156
Infrastructure
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment	37,293	38,655
Infrastructure \| Property, plant and equipment [member]
Disclosure of detailed information about property, plant and equipment [line items]
Right-of-use assets	3,500	4,000
Infrastructure \| Gross carrying amount [member]
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment	39,440	39,769	31,212
Additions, net of disposals and assets reclassified as held for sale	2,328	(1,362)
Acquisitions through business combinations, property, plant and equipment	161	10,179
Foreign currency translation	(2,818)	(260)
Infrastructure \| Accumulated fair value changes
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment	3,251	3,077	4,626
Disposals, property, plant and equipment	0	(1,643)
Foreign currency translation	(232)	(78)
Infrastructure \| Accumulated depreciation
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment	(5,398)	(4,191)	(3,671)
Disposals, property, plant and equipment	82	946
Depreciation expenses	(1,596)	(1,526)
Foreign currency translation	307	60
Real Estate
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment	15,362	10,968	8,539
Additions, net of disposals and assets reclassified as held for sale	1,289	(182)
Acquisitions through business combinations, property, plant and equipment	3,224	2,172
Depreciation expenses	(523)	(513)
Foreign currency translation	(558)	(158)
Real Estate \| Property, plant and equipment [member]
Disclosure of detailed information about property, plant and equipment [line items]
Right-of-use assets	1,000	986
Real Estate \| Gross carrying amount [member]
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment	15,367	11,568	9,420
Additions, net of disposals and assets reclassified as held for sale	1,202	207
Acquisitions through business combinations, property, plant and equipment	3,224	2,172
Depreciation expenses	0	0
Foreign currency translation	(638)	(193)
Real Estate \| Accumulated fair value changes
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment	1,794	881	393
Additions, net of disposals and assets reclassified as held for sale	28	(657)
Acquisitions through business combinations, property, plant and equipment	0	0
Depreciation expenses	0	0
Foreign currency translation	(35)	(2)
Real Estate \| Accumulated depreciation
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment	(1,799)	(1,481)	(1,274)
Additions, net of disposals and assets reclassified as held for sale	59	268
Acquisitions through business combinations, property, plant and equipment	0	0
Depreciation expenses	(523)	(513)
Foreign currency translation	115	37
Private Equity and Other
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment	16,370	15,549	14,097
Additions, net of disposals and assets reclassified as held for sale	1,856	1,488
Acquisitions through business combinations, property, plant and equipment	1,502	2,518
Depreciation expenses	(1,848)	(1,501)
Foreign currency translation	(786)	(305)
Private Equity and Other \| Gross carrying amount [member]
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment	23,024	21,083	18,601
Additions, net of disposals and assets reclassified as held for sale	1,443	1,120
Acquisitions through business combinations, property, plant and equipment	1,502	2,518
Depreciation expenses	0	0
Foreign currency translation	(967)	(336)
Private Equity and Other \| Accumulated fair value changes
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment	(841)	(1,022)
Private Equity and Other \| Accumulated depreciation
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment	(5,813)	(4,512)	$ (3,631)
Additions, net of disposals and assets reclassified as held for sale	372	271
Acquisitions through business combinations, property, plant and equipment	0	0
Depreciation expenses	(1,848)	(1,501)
Foreign currency translation	170	34
Private Equity and Other [Member] \| Property, plant and equipment [member]
Disclosure of detailed information about property, plant and equipment [line items]
Right-of-use assets	$ 1,700	$ 1,600

PROPERTY, PLANT AND EQUIPMENT_2

PROPERTY, PLANT AND EQUIPMENT - Narrative (Details) - USD ($) $ in Billions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment, revalued assets, at cost	$ 75.4	$ 72
Property, plant and equipment, pledged as security	$ 88.2	$ 66.2
Brazil \| Renewable Power
Disclosure of detailed information about property, plant and equipment [line items]
Weighted-average remaining duration, property, plant, and equipment	35 years	31 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, 2022	Dec. 31, 2021	Dec. 31, 2020
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment	$ 124,268	$ 115,489
Gross carrying amount [member]
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment	112,314	103,008
Accumulated fair value changes
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment	34,930	31,074
Accumulated depreciation and amortisation
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment	(22,976)	(18,593)
Renewable Power
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment	55,243	50,317
Renewable Power \| Gross carrying amount [member]
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment	34,483	30,588	$ 28,838
Additions, net of disposals and assets reclassified as held for sale	1,675	475
Acquisitions through business combinations, property, plant and equipment	3,086	2,366
Foreign currency translation	(866)	(1,091)
Renewable Power \| Accumulated fair value changes
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment	30,726	28,138	24,238
Foreign currency translation	(1,180)	(565)
Fair value changes	3,903	4,819
Disposals, property, plant and equipment	(135)	(354)
Renewable Power \| Accumulated depreciation and amortisation
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment	(9,966)	(8,409)	(7,870)
Foreign currency translation	(60)	156
Disposals, property, plant and equipment	97	815
Depreciation expenses	(1,594)	(1,510)
Hydroelectric [Member] \| Renewable Power
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment	32,558	32,693
Hydroelectric [Member] \| Renewable Power \| Gross carrying amount [member]
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment	12,480	13,871	13,899
Additions, net of disposals and assets reclassified as held for sale	(542)	734
Acquisitions through business combinations, property, plant and equipment	0	0
Foreign currency translation	(849)	(762)
Hydroelectric [Member] \| Renewable Power \| Accumulated fair value changes
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment	25,642	23,973	19,865
Foreign currency translation	(1,012)	(473)
Fair value changes	2,681	4,581
Hydroelectric [Member] \| Renewable Power \| Accumulated depreciation and amortisation
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment	(5,564)	(5,151)	(4,731)
Foreign currency translation	125	114
Disposals, property, plant and equipment	86	22
Depreciation expenses	(624)	(556)
Wind Energy, Solar and Other \| Renewable Power
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment	12,296	9,408
Wind Energy, Solar and Other \| Renewable Power \| Gross carrying amount [member]
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment	11,904	9,033	8,398
Additions, net of disposals and assets reclassified as held for sale	950	(907)
Acquisitions through business combinations, property, plant and equipment	1,765	1,643
Foreign currency translation	156	(101)
Wind Energy, Solar and Other \| Renewable Power \| Accumulated fair value changes
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment	3,253	2,461	2,908
Foreign currency translation	(133)	(49)
Fair value changes	1,060	(44)
Disposals, property, plant and equipment	(135)	(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	(2,861)	(2,086)	(2,293)
Foreign currency translation	(222)	14
Disposals, property, plant and equipment	4	792
Depreciation expenses	(557)	(599)
Solar and Other [Member] \| Renewable Power
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment	10,389	8,216
Solar and Other [Member] \| Renewable Power \| Gross carrying amount [member]
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment	10,099	7,684	6,541
Additions, net of disposals and assets reclassified as held for sale	1,267	648
Acquisitions through business combinations, property, plant and equipment	1,321	723
Foreign currency translation	(173)	(228)
Solar and Other [Member] \| Renewable Power \| Accumulated fair value changes
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment	1,831	1,704	1,465
Foreign currency translation	(35)	(43)
Fair value changes	162	282
Solar and Other [Member] \| Renewable Power \| Accumulated depreciation and amortisation
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment	(1,541)	(1,172)	$ (846)
Foreign currency translation	37	28
Disposals, property, plant and equipment	7	1
Depreciation expenses	$ (413)	$ (355)

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, 2022	Dec. 31, 2021
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment	$ 124,268	$ 115,489
Renewable Power
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment	55,243	50,317
Renewable Power \| North America
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment	37,016	32,629
Renewable Power \| Brazil
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment	4,708	3,547
Renewable Power \| Colombia
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment	8,264	8,497
Renewable Power \| Europe
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment	3,396	3,935
Renewable Power \| Other
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment	$ 1,859	$ 1,709

PROPERTY, PLANT AND EQUIPMENT_5

PROPERTY, PLANT AND EQUIPMENT - Schedule of Valuation Metrics (Details) - yr	Dec. 31, 2022	Dec. 31, 2021
North America [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Terminal Year	2,044	2,042
Brazil
Disclosure of detailed information about property, plant and equipment [line items]
Terminal Year	2,051	2,048
Colombia
Disclosure of detailed information about property, plant and equipment [line items]
Terminal Year	2,042	2,041
Europe
Disclosure of detailed information about property, plant and equipment [line items]
Terminal Year	2,036	2,036
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	7.70%	8%
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	430%	480%
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	490%	510%
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	8.20%	7.20%
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	8.50%	7.90%
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	4.40%	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	490%	410%
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	540%	440%
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	9.50%	8.50%
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	9.70%	9.20%
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	4.40%	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	620%	540%
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	670%	560%

PROPERTY, PLANT AND EQUIPMENT_6

PROPERTY, PLANT AND EQUIPMENT - Schedule of Power Purchase Agreements (Details) - Renewable Power	Dec. 31, 2022 USD ($)	Dec. 31, 2022 BRL (R$)	Dec. 31, 2022 COP ($)	Dec. 31, 2022 EUR (€)
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	54%	54%	54%	54%
Power Prices from Long-Term Power Purchase Agreements (weighted average)	$ 88
Estimates of Future Electricity Prices (weighted average)	$ 93
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	75%	75%	75%	75%
Power Prices from Long-Term Power Purchase Agreements (weighted average) \| R$		R$ 336
Estimates of Future Electricity Prices (weighted average) \| R$		R$ 290
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	32%	32%	32%	32%
Power Prices from Long-Term Power Purchase Agreements (weighted average)			$ 293
Estimates of Future Electricity Prices (weighted average)			$ 376
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	90%	90%	90%	90%
Power Prices from Long-Term Power Purchase Agreements (weighted average) \| €				€ 72
Estimates of Future Electricity Prices (weighted average) \| €				€ 62
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	16%	16%	16%	16%
Power Prices from Long-Term Power Purchase Agreements (weighted average)	$ 74
Estimates of Future Electricity Prices (weighted average)	$ 135
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	43%	43%	43%	43%
Power Prices from Long-Term Power Purchase Agreements (weighted average) \| R$		R$ 387
Estimates of Future Electricity Prices (weighted average) \| R$		R$ 387
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	2%	2%	2%	2%
Power Prices from Long-Term Power Purchase Agreements (weighted average)			$ 352
Estimates of Future Electricity Prices (weighted average)			$ 554
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	65%	65%	65%	65%
Power Prices from Long-Term Power Purchase Agreements (weighted average) \| €				€ 66
Estimates of Future Electricity Prices (weighted average) \| €				€ 74

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, 2022	Dec. 31, 2021
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period	$ 115,489
Balance, end of period	124,268	$ 115,489
Costs
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period	103,008
Balance, end of period	112,314	103,008
Accumulated fair value changes
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period	31,074
Balance, end of period	34,930	31,074
Accumulated depreciation and amortisation
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period	(18,593)
Balance, end of period	(22,976)	(18,593)
Infrastructure
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period	38,655
Balance, end of period	37,293	38,655
Infrastructure \| Costs
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period	39,769	31,212
Additions, net of disposals and assets reclassified as held for sale	2,328	(1,362)
Acquisitions through business combinations	161	10,179
Foreign currency translation	(2,818)	(260)
Balance, end of period	39,440	39,769
Infrastructure \| Accumulated fair value changes
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period	3,077	4,626
Dispositions and assets reclassified as held for sale	0	1,643
Fair value changes	406	172
Foreign currency translation	(232)	(78)
Balance, end of period	3,251	3,077
Infrastructure \| Accumulated depreciation and amortisation
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period	(4,191)	(3,671)
Depreciation expenses	(1,596)	(1,526)
Dispositions and assets reclassified as held for sale	(82)	(946)
Foreign currency translation	307	60
Balance, end of period	(5,398)	(4,191)
Utilities [Member] \| Infrastructure
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period	7,936
Balance, end of period	7,460	7,936
Utilities [Member] \| Infrastructure \| Costs
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period	7,582	9,306
Additions, net of disposals and assets reclassified as held for sale	345	(1,788)
Acquisitions through business combinations	108	180
Foreign currency translation	(743)	(116)
Balance, end of period	7,292	7,582
Utilities [Member] \| Infrastructure \| Accumulated fair value changes
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period	1,626	2,917
Dispositions and assets reclassified as held for sale	0	1,399
Fair value changes	176	134
Foreign currency translation	(178)	(26)
Balance, end of period	1,624	1,626
Utilities [Member] \| Infrastructure \| Accumulated depreciation and amortisation
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period	(1,272)	(1,613)
Depreciation expenses	(326)	(352)
Dispositions and assets reclassified as held for sale	(21)	(682)
Foreign currency translation	121	11
Balance, end of period	(1,456)	(1,272)
Transport \| Infrastructure
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period	8,376
Balance, end of period	8,349	8,376
Transport \| Infrastructure \| Costs
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period	8,999	8,698
Additions, net of disposals and assets reclassified as held for sale	642	312
Acquisitions through business combinations	0	134
Foreign currency translation	(356)	(145)
Balance, end of period	9,285	8,999
Transport \| Infrastructure \| Accumulated fair value changes
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period	1,045	1,047
Dispositions and assets reclassified as held for sale	0	0
Fair value changes	112	48
Foreign currency translation	(53)	(50)
Balance, end of period	1,104	1,045
Transport \| Infrastructure \| Accumulated depreciation and amortisation
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period	(1,668)	(1,404)
Depreciation expenses	(468)	(481)
Dispositions and assets reclassified as held for sale	(9)	(161)
Foreign currency translation	87	56
Balance, end of period	(2,040)	(1,668)
Midstream [Member] \| Infrastructure
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period	14,648
Balance, end of period	14,220	14,648
Midstream [Member] \| Infrastructure \| Costs
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period	14,862	4,321
Additions, net of disposals and assets reclassified as held for sale	780	511
Acquisitions through business combinations	0	9,865
Foreign currency translation	(963)	165
Balance, end of period	14,679	14,862
Midstream [Member] \| Infrastructure \| Accumulated fair value changes
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period	408	338
Dispositions and assets reclassified as held for sale	0	0
Fair value changes	118	70
Foreign currency translation	(3)	0
Balance, end of period	523	408
Midstream [Member] \| Infrastructure \| Accumulated depreciation and amortisation
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period	(622)	(356)
Depreciation expenses	(418)	(270)
Dispositions and assets reclassified as held for sale	(11)	(20)
Foreign currency translation	47	(16)
Balance, end of period	(982)	(622)
Data [Member] \| Infrastructure
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period	7,695
Balance, end of period	7,264	7,695
Data [Member] \| Infrastructure \| Costs
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period	8,324	8,593
Additions, net of disposals and assets reclassified as held for sale	561	(103)
Acquisitions through business combinations	53	0
Foreign currency translation	(754)	(166)
Balance, end of period	8,184	8,324
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	(629)	(263)
Depreciation expenses	(384)	(419)
Dispositions and assets reclassified as held for sale	(41)	(45)
Foreign currency translation	52	8
Balance, end of period	(920)	(629)
Sustainable Resources [Member] \| Infrastructure
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period	0
Balance, end of period	0	0
Sustainable Resources [Member] \| Infrastructure \| Costs
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period	2	294
Additions, net of disposals and assets reclassified as held for sale	0	(294)
Acquisitions through business combinations	0	0
Foreign currency translation	(2)	2
Balance, end of period	0	2
Sustainable Resources [Member] \| Infrastructure \| Accumulated fair value changes
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period	(2)	324
Dispositions and assets reclassified as held for sale	0	244
Fair value changes	0	(80)
Foreign currency translation	2	(2)
Balance, end of period	0	(2)
Sustainable Resources [Member] \| Infrastructure \| Accumulated depreciation and amortisation
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period	0	(35)
Depreciation expenses	0	(4)
Dispositions and assets reclassified as held for sale	0	(38)
Foreign currency translation	0	1
Balance, end of period	$ 0	$ 0

PROPERTY, PLANT AND EQUIPMENT_8

PROPERTY, PLANT AND EQUIPMENT - Key Valuation Metrics (Details) - Property, plant and equipment [member] - Infrastructure - Discounted cash flows - yr	Dec. 31, 2022	Dec. 31, 2021
Utilities [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Terminal capitalization multiples	18	20
Utilities [Member] \| Bottom of range
Disclosure of detailed information about property, plant and equipment [line items]
Discount rates	7%	7%
Terminal Year	10	20
Utilities [Member] \| Top of range
Disclosure of detailed information about property, plant and equipment [line items]
Discount rates	11%	11%
Terminal Year	20	10
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	8%	7%
Terminal capitalization multiples	9	9
Transport \| Top of range
Disclosure of detailed information about property, plant and equipment [line items]
Discount rates	14%	14%
Terminal capitalization multiples	15	15
Midstream [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Discount rates	15%	15%
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

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, 2022	Dec. 31, 2021
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period	$ 115,489
Right-of-use assets	4,400	$ 4,100
Balance, end of period	124,268	115,489
Costs
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period	103,008
Balance, end of period	112,314	103,008
Accumulated Fair Value Changes
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period	31,074
Balance, end of period	34,930	31,074
Accumulated depreciation
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period	(18,593)
Balance, end of period	(22,976)	(18,593)
Real Estate
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period	10,968	8,539
Additions, net of disposals and assets reclassified as held for sale	1,289	(182)
Acquisitions through business combinations	3,224	2,172
Foreign currency translation	(558)	(158)
Fair value changes	1,039	1,113
Depreciation expenses	(523)	(513)
Impairment loss recognised in profit or loss, property, plant and equipment	(120)	26
Balance, end of period	15,362	10,968
Real Estate \| Costs
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period	11,568	9,420
Additions, net of disposals and assets reclassified as held for sale	1,202	207
Acquisitions through business combinations	3,224	2,172
Foreign currency translation	(638)	(193)
Fair value changes	0	0
Depreciation expenses	0	0
Impairment loss recognised in profit or loss, property, plant and equipment	0	0
Balance, end of period	15,367	11,568
Real Estate \| Accumulated Fair Value Changes
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period	881	393
Additions, net of disposals and assets reclassified as held for sale	28	(657)
Acquisitions through business combinations	0	0
Foreign currency translation	(35)	(2)
Fair value changes	1,039	1,113
Depreciation expenses	0	0
Impairment loss recognised in profit or loss, property, plant and equipment	(120)	26
Balance, end of period	1,794	881
Real Estate \| Accumulated depreciation
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period	(1,481)	(1,274)
Additions, net of disposals and assets reclassified as held for sale	59	268
Acquisitions through business combinations	0	0
Foreign currency translation	115	37
Fair value changes	0	0
Depreciation expenses	(523)	(513)
Impairment loss recognised in profit or loss, property, plant and equipment	0	0
Balance, end of period	(1,799)	(1,481)
Private Equity and Other
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period	15,549	14,097
Additions, net of disposals and assets reclassified as held for sale	1,856	1,488
Acquisitions through business combinations	1,502	2,518
Foreign currency translation	(786)	(305)
Depreciation expenses	(1,848)	(1,501)
Impairment loss recognised in profit or loss, property, plant and equipment	137	(226)
Balance, end of period	16,370	15,549
Private Equity and Other \| Costs
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period	21,083	18,601
Additions, net of disposals and assets reclassified as held for sale	1,443	1,120
Acquisitions through business combinations	1,502	2,518
Foreign currency translation	(967)	(336)
Depreciation expenses	0	0
Impairment loss recognised in profit or loss, property, plant and equipment	0	0
Balance, end of period	23,024	21,083
Private Equity and Other \| Accumulated Fair Value Changes
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period	(1,022)
Balance, end of period	(841)	(1,022)
Private Equity and Other \| Accumulated depreciation
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period	(4,512)	(3,631)
Additions, net of disposals and assets reclassified as held for sale	372	271
Acquisitions through business combinations	0	0
Foreign currency translation	170	34
Depreciation expenses	(1,848)	(1,501)
Impairment loss recognised in profit or loss, property, plant and equipment	0	14
Balance, end of period	(5,813)	(4,512)
Private Equity and Other \| Accumulated Impairment
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period	(1,022)	(873)
Additions, net of disposals and assets reclassified as held for sale	41	97
Acquisitions through business combinations	0	0
Foreign currency translation	11	(3)
Depreciation expenses	0	0
Impairment loss recognised in profit or loss, property, plant and equipment	137	(240)
Balance, end of period	(841)	(1,022)
Property, plant and equipment [member]
Reconciliation of changes in property, plant and equipment [abstract]
Right-of-use assets	6,600	7,000
Property, plant and equipment [member] \| Real Estate
Reconciliation of changes in property, plant and equipment [abstract]
Right-of-use assets	1,000	986
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	43	(29)
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	11	(38)
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	1	8
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	31	1
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	(40)	(522)
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	(37)	(820)
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	5	301
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	$ (8)	$ (3)

INTANGIBLE ASSETS - Schedule of

INTANGIBLE ASSETS - Schedule of Changes in Intangible Assets (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Reconciliation of changes in intangible assets other than goodwill [abstract]
Beginning balance	$ 30,609	$ 24,658
Additions	746	251
Disposals, intangible assets other than goodwill	(2,175)	(589)
Acquisitions through business combinations	12,013	8,639
Amortization	(2,138)	(1,477)
Foreign currency translation	(644)	(873)
Ending balance	38,411	30,609
Costs
Reconciliation of changes in intangible assets other than goodwill [abstract]
Beginning balance	34,810	27,946
Additions	746	251
Disposals, intangible assets other than goodwill	(2,434)	(972)
Acquisitions through business combinations	12,011	8,639
Amortization	0	0
Foreign currency translation	(724)	(1,054)
Ending balance	44,409	34,810
Accumulated Amortization and Impairment
Reconciliation of changes in intangible assets other than goodwill [abstract]
Beginning balance	(4,201)	(3,288)
Additions	0	0
Disposals, intangible assets other than goodwill	259	383
Acquisitions through business combinations	2	0
Amortization	2,138	1,477
Foreign currency translation	80	181
Ending balance	$ (5,998)	$ (4,201)

INTANGIBLE ASSETS - Schedule _2

INTANGIBLE ASSETS - Schedule of Intangible Assets by Operating Segment (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure of detailed information about intangible assets [line items]
Intangible assets	$ 38,411	$ 30,609	$ 24,658
Private Equity [Member]
Disclosure of detailed information about intangible assets [line items]
Intangible assets	25,032	14,806
Infrastructure
Disclosure of detailed information about intangible assets [line items]
Intangible assets	11,822	14,214
Real Estate
Disclosure of detailed information about intangible assets [line items]
Intangible assets	1,202	1,226
Renewable Power and Transition and other
Disclosure of detailed information about intangible assets [line items]
Intangible assets	$ 355	$ 363

INTANGIBLE ASSETS - Narrative (

INTANGIBLE ASSETS - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure of detailed information about intangible assets [line items]
Intangible assets	$ 38,411	$ 30,609	$ 24,658
Infrastructure
Disclosure of detailed information about intangible assets [line items]
Intangible assets	11,822	14,214
Intangible assets with indefinite useful life	867	899
Private Equity
Disclosure of detailed information about intangible assets [line items]
Intangible assets	25,032	14,806
Customer-related intangible assets [member] \| Infrastructure
Disclosure of detailed information about intangible assets [line items]
Intangible assets	2,200	2,500
Customer-related intangible assets [member] \| Private Equity
Disclosure of detailed information about intangible assets [line items]
Intangible assets	$ 13,800	7,500
Useful Lives Or Amortisation Rates, Intangible Assets Other Than Goodwill, Period	30 years
Customer-related intangible assets [member] \| Private Equity \| Minimum
Disclosure of detailed information about intangible assets [line items]
Useful Lives Or Amortisation Rates, Intangible Assets Other Than Goodwill, Period	6 years
Customer-related intangible assets [member] \| Private Equity \| Maximum
Disclosure of detailed information about intangible assets [line items]
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	$ 1,600	1,700
Customer-related intangible assets [member] \| Residential infrastructure operation [Member] \| Infrastructure
Disclosure of detailed information about intangible assets [line items]
Intangible assets	1,300	1,300
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	$ 3,700	3,000
Copyrights, patents and other industrial property rights, service and operating rights [member] \| Private Equity \| Minimum
Disclosure of detailed information about intangible assets [line items]
Useful Lives Or Amortisation Rates, Intangible Assets Other Than Goodwill, Period	10 years
Copyrights, patents and other industrial property rights, service and operating rights [member] \| Private Equity \| Maximum
Disclosure of detailed information about intangible assets [line items]
Useful Lives Or Amortisation Rates, Intangible Assets Other Than Goodwill, Period	20 years
Service concession arrangements [member] \| Private Equity
Disclosure of detailed information about intangible assets [line items]
Intangible assets	$ 2,100	1,800
Service concession arrangements [member] \| Brazilian regulated gas transmission business [Member] \| Infrastructure
Disclosure of detailed information about intangible assets [line items]
Intangible assets	2,800	2,600
Service concession arrangements [member] \| Indian Toll Road [Member] \| Infrastructure
Disclosure of detailed information about intangible assets [line items]
Intangible assets	$ 1,000	1,600
Useful Lives Or Amortisation Rates, Intangible Assets Other Than Goodwill, Period	21 years
Brand names [member] \| Private Equity
Disclosure of detailed information about intangible assets [line items]
Intangible assets	$ 3,300	$ 1,900
Useful Lives Or Amortisation Rates, Intangible Assets Other Than Goodwill, Period	40 years
Brand names [member] \| Private Equity \| Minimum
Disclosure of detailed information about intangible assets [line items]
Useful Lives Or Amortisation Rates, Intangible Assets Other Than Goodwill, Period	11 years
Brand names [member] \| Private Equity \| Maximum
Disclosure of detailed information about intangible assets [line items]
Useful Lives Or Amortisation Rates, Intangible Assets Other Than Goodwill, Period	40 years

GOODWILL - Schedule of Changes

GOODWILL - Schedule of Changes in Goodwill (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Reconciliation of changes in goodwill [abstract]
Beginning balance	$ 20,227	$ 14,714
Acquisitions through business combinations	9,581	6,591
Impairment losses	(121)	(177)
Foreign currency translation and other	(1,025)	(901)
Ending balance	28,662	20,227
Costs
Reconciliation of changes in goodwill [abstract]
Beginning balance	21,216	15,539
Acquisitions through business combinations		6,591
Impairment losses	0	0
Foreign currency translation and other	(1,030)	(914)
Ending balance	29,767	21,216
Accumulated Impairment
Reconciliation of changes in goodwill [abstract]
Beginning balance	(989)	(825)
Acquisitions through business combinations	0	0
Impairment losses	121	177
Foreign currency translation and other	5	13
Ending balance	$ (1,105)	$ (989)

GOODWILL - Schedule of Goodwill

GOODWILL - Schedule of Goodwill By Operating Segments (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure of reconciliation of changes in goodwill [line items]
Goodwill	$ 28,662	$ 20,227	$ 14,714
Infrastructure
Disclosure of reconciliation of changes in goodwill [line items]
Goodwill	8,789	8,979
Private Equity
Disclosure of reconciliation of changes in goodwill [line items]
Goodwill	16,264	8,657
Real Estate
Disclosure of reconciliation of changes in goodwill [line items]
Goodwill	1,756	1,264
Renewable Power and Transition
Disclosure of reconciliation of changes in goodwill [line items]
Goodwill	1,500	966
Asset management
Disclosure of reconciliation of changes in goodwill [line items]
Goodwill	$ 353	$ 361

GOODWILL - Narrative (Details)

GOODWILL - Narrative (Details)	12 Months Ended
GOODWILL - Narrative (Details)	Dec. 31, 2022	Dec. 31, 2021
Disclosure of reconciliation of changes in goodwill [line items]
Actuarial assumption of discount rates	5%	3%
Goodwill \| Infrastructure \| Bottom of range
Disclosure of reconciliation of changes in goodwill [line items]
Terminal capitalization rate	800%
Cash Flow Period	6 years
Goodwill \| Infrastructure \| Bottom of range \| Discounted cash flows
Disclosure of reconciliation of changes in goodwill [line items]
Actuarial assumption of discount rates	11%
Goodwill \| Infrastructure \| Top of range
Disclosure of reconciliation of changes in goodwill [line items]
Terminal capitalization rate	2,000%
Cash Flow Period	19 years
Goodwill \| Infrastructure \| Top of range \| Discounted cash flows
Disclosure of reconciliation of changes in goodwill [line items]
Actuarial assumption of discount rates	14%
Goodwill \| Private Equity
Disclosure of reconciliation of changes in goodwill [line items]
Cash Flow Period	5 years
Goodwill \| Private Equity \| Bottom of range
Disclosure of reconciliation of changes in goodwill [line items]
Growth rate used to extrapolate cash flow projections	0.80%
Discount rate used in current estimate of value in use	7.80%
Goodwill \| Private Equity \| Top of range
Disclosure of reconciliation of changes in goodwill [line items]
Growth rate used to extrapolate cash flow projections	3.30%
Discount rate used in current estimate of value in use	13.10%
Goodwill \| Renewable Power and Transition \| Bottom of range
Disclosure of reconciliation of changes in goodwill [line items]
Terminal capitalization rate	300%
Cash Flow Period	4 years
Goodwill \| Renewable Power and Transition \| Bottom of range \| Discounted cash flows
Disclosure of reconciliation of changes in goodwill [line items]
Actuarial assumption of discount rates	9%
Goodwill \| Renewable Power and Transition \| Top of range
Disclosure of reconciliation of changes in goodwill [line items]
Terminal capitalization rate	500%
Cash Flow Period	5 years
Goodwill \| Renewable Power and Transition \| Top of range \| Discounted cash flows
Disclosure of reconciliation of changes in goodwill [line items]
Actuarial assumption of discount rates	15%
Goodwill \| Center Parcs [Member] \| Real Estate
Disclosure of reconciliation of changes in goodwill [line items]
Growth rate used to extrapolate cash flow projections	3%
Discount rate used in current estimate of value in use	10.30%
Terminal Capitalization Rate	6.20%

INCOME TAXES - Components Of In

INCOME TAXES - Components Of Income Tax Expense (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Income Taxes [Abstract]
Current income tax expense	$ 1,278	$ 1,114
Deferred income tax expense / (recovery)
Origination and reversal of temporary differences	690	1,044
Tax benefit arising from previously unrecognised tax loss, tax credit or temporary difference of prior period used to reduce deferred tax expense	(447)	(251)
Change of tax rates and new legislation	(52)	417
Total deferred income tax expense	191	1,210
Income tax expense	$ 1,469	$ 2,324

INCOME TAXES - Narrative (Detai

INCOME TAXES - Narrative (Details) - USD ($) $ in Billions	12 Months Ended
INCOME TAXES - Narrative (Details) - USD ($) $ in Billions	Dec. 31, 2022	Dec. 31, 2021
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Statutory income tax rate	26%	26%
Deductible temporary differences for which no deferred tax liabilities is recognised	$ 9	$ 9
Domestic Tax Authority
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Statutory income tax rate	26%

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, 2022	Dec. 31, 2021
Income Taxes [Abstract]
Statutory income tax rate	26%	26%
(Reduction) increase in rate resulting from:
Change in tax rates and new legislation	(1.00%)	3%
International operations subject to different tax rates	3%	(1.00%)
Taxable income attributable to non-controlling interests	(3.00%)	(10.00%)
Portion of gains subject to different tax rates	(2.00%)	(3.00%)
Recognition of deferred tax assets	(6.00%)	(2.00%)
Non-recognition of the benefit of current year’s tax losses	3%	2%
Other	2%	1%
Effective income tax rate	22%	16%

INCOME TAXES - Schedule Of Defe

INCOME TAXES - Schedule Of Deferred Income Tax Assets And Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Total net deferred tax liabilities	$ (19,787)	$ (16,988)
Non-capital losses [Member] \| Canada
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Total net deferred tax liabilities	1,666	1,339
Capital losses [Member] \| Canada
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Total net deferred tax liabilities	77	53
Unused tax losses [member] \| UNITED STATES
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Total net deferred tax liabilities	3,959	3,561
Unused tax losses [member] \| International
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Total net deferred tax liabilities	1,814	1,474
Temporary differences [member]
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Total net deferred tax liabilities	$ (27,303)	$ (23,415)

INCOME TAXES - Schedule Of Unre

INCOME TAXES - Schedule Of Unrecognized Deferred Tax Assets (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unrecognized deferred tax assets	$ 2,557	$ 2,431
One year from reporting date
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unrecognized deferred tax assets	29	8
Two years from reporting date
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unrecognized deferred tax assets	11	30
Three years from reporting date
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unrecognized deferred tax assets	12	15
After three years from reporting date
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unrecognized deferred tax assets	672	487
Do not expire
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unrecognized deferred tax assets	$ 1,833	$ 1,891

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, 2022	Dec. 31, 2021
Income Taxes [Abstract]
Revaluation of property, plant and equipment	$ 1,187	$ 1,549
Financial contracts and power sale agreements	315	89
Income tax relating to marketable securities measured at fair value through other comprehensive income	(127)	83
Foreign currency translation	87	(21)
Revaluation of pension obligation	61	71
Total deferred tax in other comprehensive income	$ 1,523	$ 1,771

CORPORATE BORROWINGS - Schedule

CORPORATE BORROWINGS - Schedule of Corporate Borrowings (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Disclosure of detailed information about borrowings [line items]
Book value of borrowings	$ 11,467	$ 10,039
Revolving facilities		912
Deferred financing costs	(77)	(76)
Total	$ 11,390	10,875
Canadian Term Debt Maturing On March 8, 2024
Disclosure of detailed information about borrowings [line items]
Annual Rate	5.04%
Book value of borrowings	$ 369	396
U.S. Term Debt Maturing On April 01, 2024
Disclosure of detailed information about borrowings [line items]
Annual Rate	4%
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%
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	$ 632	679
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	$ 369	396
Canadian Term Debt Maturing On January 25, 2028
Disclosure of detailed information about borrowings [line items]
Annual Rate	3.90%
Book value of borrowings	$ 1,073	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	500
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	600
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	$ 312	334
JPY Term Debt Maturing On December 1, 2038
Disclosure of detailed information about borrowings [line items]
Annual Rate	1.42%
Book value of borrowings	$ 76	87
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	758
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
Canadian Term Debt Maturing On December 14, 20232
Disclosure of detailed information about borrowings [line items]
Annual Rate	5.43%
Book value of borrowings	$ 738	0
U.S. Term Debt Maturing On February 15, 2052
Disclosure of detailed information about borrowings [line items]
Annual Rate	3.63%
Book value of borrowings	$ 400	$ 0

CORPORATE BORROWINGS - Narrativ

CORPORATE BORROWINGS - Narrative (Details) $ in Millions, ¥ in Billions, $ in Billions	Dec. 31, 2022 USD ($)	Dec. 31, 2022 CAD ($)	Dec. 31, 2022 JPY (¥)	Dec. 31, 2021 USD ($)	Dec. 31, 2021 CAD ($)	Dec. 31, 2021 JPY (¥)
Disclosure of detailed information about borrowings [line items]
Corporate borrowings	$ 11,390			$ 10,875
Fixed rate \| Weighted average
Disclosure of detailed information about borrowings [line items]
Annual Rate	4.20%	4.20%	4.20%	4.20%	4.20%	4.20%
U.S. dollars \| Japanese yen
Disclosure of detailed information about borrowings [line items]
Corporate borrowings	$ 76			$ 87
U.S. dollars \| Canadian dollars
Disclosure of detailed information about borrowings [line items]
Corporate borrowings	$ 2,400			$ 1,800
Canadian dollars \| Canadian dollars
Disclosure of detailed information about borrowings [line items]
Corporate borrowings		$ 3.3			$ 2.3
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, 2022	Dec. 31, 2021
Subclassifications of assets, liabilities and equities [abstract]
Accounts payable	$ 12,743	$ 11,258
Provisions	3,591	4,244
Insurance contracts that are liabilities	8,506	9,041
Other liabilities	32,225	28,003
Accounts payable and other	$ 57,065	$ 52,546

ACCOUNTS PAYABLE AND OTHER - _2

ACCOUNTS PAYABLE AND OTHER - Schedule of Current and Non-Current Accounts Payables (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Subclassifications of assets, liabilities and equities [abstract]
Current	$ 33,574	$ 29,136
Non-current	23,491	23,410
Accounts payable and other	$ 57,065	$ 52,546

ACCOUNTS PAYABLE AND OTHER - Na

ACCOUNTS PAYABLE AND OTHER - Narrative (Details) $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Subclassifications of assets, liabilities and equities [abstract]
Revaluation of pension obligations	$ 308	$ 545
Actuarial assumption of discount rates	5%	3%
Percentage increase in rate of compensation	1%	1%
Actuarial assumption of expected rates of investment	0.04	0.04

ACCOUNTS PAYABLE AND OTHER - _3

ACCOUNTS PAYABLE AND OTHER - Schedule of Post-Employment Benefits (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Subclassifications of assets, liabilities and equities [abstract]
Plan assets	$ 2,560	$ 3,503
Less accrued benefit obligation:
Defined benefit pension plan	(3,141)	(4,352)
Other post-employment benefits	(128)	(163)
Net defined benefit liability, before net actuarial gain (losses)	(709)	(1,012)
Less: net actuarial losses and other	(11)	(29)
Accrued benefit liability related to defined benefit plan	$ (720)	$ (1,041)

NON-RECOURSE BORROWINGS - Sched

NON-RECOURSE BORROWINGS - Schedule of Repayments on Subsidiary Borrowings (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Disclosure of detailed information about borrowings [line items]
Subsidiary borrowings	$ 15,140	$ 12,876
Deferred Financing Costs and Other on Subsidiary Borrowings	(65)
Less than 1 year
Disclosure of detailed information about borrowings [line items]
Subsidiary borrowings	1,469
Two years from reporting date
Disclosure of detailed information about borrowings [line items]
Subsidiary borrowings	1,388
2021
Disclosure of detailed information about borrowings [line items]
Subsidiary borrowings	715
2022
Disclosure of detailed information about borrowings [line items]
Subsidiary borrowings	369
2023
Disclosure of detailed information about borrowings [line items]
Subsidiary borrowings	6,309
Thereafter
Disclosure of detailed information about borrowings [line items]
Subsidiary borrowings	4,955
Total Principal repayments on Subsidiary Borrowings	15,205
Real Estate
Disclosure of detailed information about borrowings [line items]
Subsidiary borrowings	6,702	6,265
Deferred Financing Costs and Other on Subsidiary Borrowings	(33)
Real Estate \| Less than 1 year
Disclosure of detailed information about borrowings [line items]
Subsidiary borrowings	725
Real Estate \| Two years from reporting date
Disclosure of detailed information about borrowings [line items]
Subsidiary borrowings	826
Real Estate \| 2021
Disclosure of detailed information about borrowings [line items]
Subsidiary borrowings	369
Real Estate \| 2022
Disclosure of detailed information about borrowings [line items]
Subsidiary borrowings	369
Real Estate \| 2023
Disclosure of detailed information about borrowings [line items]
Subsidiary borrowings	3,412
Real Estate \| Thereafter
Disclosure of detailed information about borrowings [line items]
Subsidiary borrowings	1,034
Total Principal repayments on Subsidiary Borrowings	6,735
Renewable Power
Disclosure of detailed information about borrowings [line items]
Subsidiary borrowings	2,546	2,147
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	249
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	295
Renewable Power \| 2022
Disclosure of detailed information about borrowings [line items]
Subsidiary borrowings	0
Renewable Power \| 2023
Disclosure of detailed information about borrowings [line items]
Subsidiary borrowings	369
Renewable Power \| Thereafter
Disclosure of detailed information about borrowings [line items]
Subsidiary borrowings	1,642
Total Principal repayments on Subsidiary Borrowings	2,555
Infrastructure
Disclosure of detailed information about borrowings [line items]
Subsidiary borrowings	3,666	2,719
Deferred Financing Costs and Other on Subsidiary Borrowings	(22)
Infrastructure \| Less than 1 year
Disclosure of detailed information about borrowings [line items]
Subsidiary borrowings	464
Infrastructure \| Two years from reporting date
Disclosure of detailed information about borrowings [line items]
Subsidiary borrowings	517
Infrastructure \| 2021
Disclosure of detailed information about borrowings [line items]
Subsidiary borrowings	0
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	428
Infrastructure \| Thereafter
Disclosure of detailed information about borrowings [line items]
Subsidiary borrowings	2,279
Total Principal repayments on Subsidiary Borrowings	3,688
Private Equity
Disclosure of detailed information about borrowings [line items]
Subsidiary borrowings	2,226	$ 1,745
Deferred Financing Costs and Other on Subsidiary Borrowings	(1)
Private Equity \| Less than 1 year
Disclosure of detailed information about borrowings [line items]
Subsidiary borrowings	31
Private Equity \| Two years from reporting date
Disclosure of detailed information about borrowings [line items]
Subsidiary borrowings	45
Private Equity \| 2021
Disclosure of detailed information about borrowings [line items]
Subsidiary borrowings	51
Private Equity \| 2022
Disclosure of detailed information about borrowings [line items]
Subsidiary borrowings
Private Equity \| 2023
Disclosure of detailed information about borrowings [line items]
Subsidiary borrowings	2,100
Private Equity \| Thereafter
Disclosure of detailed information about borrowings [line items]
Subsidiary borrowings	0
Total Principal repayments on Subsidiary Borrowings	$ 2,227

NON-RECOURSE BORROWINGS - Narra

NON-RECOURSE BORROWINGS - Narrative (Details) - Weighted average	Dec. 31, 2022	Dec. 31, 2021
Subsidiary borrowings
Disclosure of detailed information about borrowings [line items]
Annual Rate	5.20%	3.50%
Property-specific borrowings
Disclosure of detailed information about borrowings [line items]
Annual Rate	6.40%	4%

NON-RECOURSE BORROWINGS - Sch_2

NON-RECOURSE BORROWINGS - Schedule of Current and Non-current Subsidiary Borrowings (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Disclosure of detailed information about borrowings [line items]
Subsidiary borrowings	$ 15,140	$ 12,876
Current [member]
Disclosure of detailed information about borrowings [line items]
Subsidiary borrowings	1,469	635
Non-Current [Member]
Disclosure of detailed information about borrowings [line items]
Subsidiary borrowings	$ 13,671	$ 12,241

NON-RECOURSE BORROWINGS - Sch_3

NON-RECOURSE BORROWINGS - Schedule of Subsidiary Borrowings By Currency (Details) R$ in Millions, $ in Millions, $ in Millions	Dec. 31, 2022 USD ($)	Dec. 31, 2022 CAD ($)	Dec. 31, 2022 BRL (R$)	Dec. 31, 2021 USD ($)	Dec. 31, 2021 CAD ($)	Dec. 31, 2021 BRL (R$)
Disclosure of detailed information about borrowings [line items]
Subsidiary Borrowings	$ 15,140			$ 12,876
U.S. dollars
Disclosure of detailed information about borrowings [line items]
Subsidiary Borrowings	7,850			6,362
Canadian dollars
Disclosure of detailed information about borrowings [line items]
Subsidiary Borrowings	7,217	$ 9,776		6,429	$ 8,130
Brazil, Brazil Real
Disclosure of detailed information about borrowings [line items]
Subsidiary Borrowings	$ 73		R$ 381	$ 85		R$ 472

NON-RECOURSE BORROWINGS - Sch_4

NON-RECOURSE BORROWINGS - Schedule of Repayments of Property Specific Mortgages (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Disclosure of detailed information about borrowings [line items]
Property-specific borrowings	$ 187,544	$ 152,181
Deferred Financing Costs and Other on Secured bank loans	(1,840)
Real Estate
Disclosure of detailed information about borrowings [line items]
Property-specific borrowings	86,050	75,807
Deferred Financing Costs and Other on Secured bank loans	(511)
Renewable Power and Transition
Disclosure of detailed information about borrowings [line items]
Property-specific borrowings	22,826	19,893
Deferred Financing Costs and Other on Secured bank loans	(39)
Infrastructure
Disclosure of detailed information about borrowings [line items]
Property-specific borrowings	29,881	28,515
Deferred Financing Costs and Other on Secured bank loans	(378)
Private Equity
Disclosure of detailed information about borrowings [line items]
Property-specific borrowings	48,787	$ 27,966
Deferred Financing Costs and Other on Secured bank loans	(912)
One year from reporting date
Disclosure of detailed information about borrowings [line items]
Property-specific borrowings	41,828
One year from reporting date \| Real Estate
Disclosure of detailed information about borrowings [line items]
Property-specific borrowings	31,016
One year from reporting date \| Renewable Power and Transition
Disclosure of detailed information about borrowings [line items]
Property-specific borrowings	2,092
One year from reporting date \| Infrastructure
Disclosure of detailed information about borrowings [line items]
Property-specific borrowings	4,446
One year from reporting date \| Private Equity
Disclosure of detailed information about borrowings [line items]
Property-specific borrowings	4,274
Two years from reporting date
Disclosure of detailed information about borrowings [line items]
Property-specific borrowings	35,038
Two years from reporting date \| Real Estate
Disclosure of detailed information about borrowings [line items]
Property-specific borrowings	20,400
Two years from reporting date \| Renewable Power and Transition
Disclosure of detailed information about borrowings [line items]
Property-specific borrowings	3,657
Two years from reporting date \| Infrastructure
Disclosure of detailed information about borrowings [line items]
Property-specific borrowings	3,048
Two years from reporting date \| Private Equity
Disclosure of detailed information about borrowings [line items]
Property-specific borrowings	7,933
2021
Disclosure of detailed information about borrowings [line items]
Property-specific borrowings	22,149
2021 \| Real Estate
Disclosure of detailed information about borrowings [line items]
Property-specific borrowings	12,025
2021 \| Renewable Power and Transition
Disclosure of detailed information about borrowings [line items]
Property-specific borrowings	1,458
2021 \| Infrastructure
Disclosure of detailed information about borrowings [line items]
Property-specific borrowings	3,153
2021 \| Private Equity
Disclosure of detailed information about borrowings [line items]
Property-specific borrowings	5,513
2022
Disclosure of detailed information about borrowings [line items]
Property-specific borrowings	22,298
2022 \| Real Estate
Disclosure of detailed information about borrowings [line items]
Property-specific borrowings	6,228
2022 \| Renewable Power and Transition
Disclosure of detailed information about borrowings [line items]
Property-specific borrowings	2,089
2022 \| Infrastructure
Disclosure of detailed information about borrowings [line items]
Property-specific borrowings	4,877
2022 \| Private Equity
Disclosure of detailed information about borrowings [line items]
Property-specific borrowings	9,104
2023
Disclosure of detailed information about borrowings [line items]
Property-specific borrowings	15,540
2023 \| Real Estate
Disclosure of detailed information about borrowings [line items]
Property-specific borrowings	7,802
2023 \| Renewable Power and Transition
Disclosure of detailed information about borrowings [line items]
Property-specific borrowings	1,168
2023 \| Infrastructure
Disclosure of detailed information about borrowings [line items]
Property-specific borrowings	2,942
2023 \| Private Equity
Disclosure of detailed information about borrowings [line items]
Property-specific borrowings	3,628
Thereafter
Disclosure of detailed information about borrowings [line items]
Property-specific borrowings	52,531
Total Principal repayments on Secured bank loans	189,384
Thereafter \| Real Estate
Disclosure of detailed information about borrowings [line items]
Property-specific borrowings	9,090
Total Principal repayments on Secured bank loans	86,561
Thereafter \| Renewable Power and Transition
Disclosure of detailed information about borrowings [line items]
Property-specific borrowings	12,401
Total Principal repayments on Secured bank loans	22,865
Thereafter \| Infrastructure
Disclosure of detailed information about borrowings [line items]
Property-specific borrowings	11,793
Total Principal repayments on Secured bank loans	30,259
Thereafter \| Private Equity
Disclosure of detailed information about borrowings [line items]
Property-specific borrowings	19,247
Total Principal repayments on Secured bank loans	$ 49,699

NON-RECOURSE BORROWINGS - Sch_5

NON-RECOURSE BORROWINGS - Schedule of Current and Non-current property specific mortgages (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Disclosure of financial liabilities [abstract]
Current	$ 41,828	$ 31,244
Non-current	145,716	120,937
Total	$ 187,544	$ 152,181

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, $ in Millions, $ in Millions, $ in Millions, $ in Millions

Dec. 31, 2022 USD ($)

Dec. 31, 2022 GBP (£)

Dec. 31, 2022 INR (₨)

Dec. 31, 2022 CAD ($)

Dec. 31, 2022 EUR (€)

Dec. 31, 2022 AUD ($)

Dec. 31, 2022 BRL (R$)

Dec. 31, 2022 COP ($)

Dec. 31, 2022 KRW (₩)

Dec. 31, 2021 USD ($)

Dec. 31, 2021 GBP (£)

Dec. 31, 2021 INR (₨)

Dec. 31, 2021 CAD ($)

Dec. 31, 2021 EUR (€)

Dec. 31, 2021 AUD ($)

Dec. 31, 2021 BRL (R$)

Dec. 31, 2021 COP ($)

Dec. 31, 2021 KRW (₩)

Disclosure of detailed information about borrowings [line items]

Property-specific borrowings

$ 187,544

$ 152,181

U.S. dollars

Disclosure of detailed information about borrowings [line items]

Property-specific borrowings

109,555

86,610

British pounds

Disclosure of detailed information about borrowings [line items]

Property-specific borrowings

10,660

£ 8,823

12,446

£ 9,197

Indian rupees

Disclosure of detailed information about borrowings [line items]

Property-specific borrowings

7,653

₨ 632,457

8,223

₨ 613,684

Canadian dollars

Disclosure of detailed information about borrowings [line items]

Property-specific borrowings

15,938

$ 21,590

16,660

$ 21,054

European Union euros

Disclosure of detailed information about borrowings [line items]

Property-specific borrowings

20,316

€ 18,986

12,722

€ 11,204

Australian dollars

Disclosure of detailed information about borrowings [line items]

Property-specific borrowings

8,650

$ 12,696

4,392

$ 6,048

Brazilian reais

Disclosure of detailed information about borrowings [line items]

Property-specific borrowings

7,572

R$ 39500

4,919

R$ 27449

Colombian pesos

Disclosure of detailed information about borrowings [line items]

Property-specific borrowings

2,524

$ 12,157,354

2,367

$ 9,480,307

Korean won

Disclosure of detailed information about borrowings [line items]

Property-specific borrowings

1,822

₩ 2,296,121

1,910

₩ 2,271,074

Other [Member]

Disclosure of detailed information about borrowings [line items]

Property-specific borrowings

$ 2,854

$ 1,932

SUBSIDIARY PUBLIC ISSUERS AND_3

SUBSIDIARY PUBLIC ISSUERS AND FINANCE SUBSIDIARY - Narrative (Details) $ in Millions, $ in Millions	Dec. 31, 2022 USD ($)	Dec. 31, 2022 CAD ($)	Dec. 14, 2022 CAD ($)	Dec. 31, 2021 USD ($)	Jul. 26, 2021	Nov. 24, 2020 USD ($)	Feb. 21, 2020 USD ($)	Mar. 10, 2017 USD ($)
Disclosure of subsidiaries [line items]
Corporate borrowings	$ 11,390			$ 10,875
Issued capital	141,891			$ 134,741
$500 4.25% Unsecured Notes Due 2026 \| BFI
Disclosure of subsidiaries [line items]
Corporate borrowings	$ 500
Annual Rate	4.25%	4.25%
$550 4.70% Unsecured Notes Due 2047 \| BFI
Disclosure of subsidiaries [line items]
Corporate borrowings	$ 550
Annual Rate	4.70%	4.70%
$350 4.70% Unsecured Notes Due 2047 \| BFI
Disclosure of subsidiaries [line items]
Corporate borrowings	$ 350
Annual Rate	4.70%	4.70%
$650 3.90% Unsecured Notes Due 2028 \| BFI
Disclosure of subsidiaries [line items]
Corporate borrowings	$ 650
Annual Rate	3.90%	3.90%
$1,100 4.85% Unsecured Notes Due 2029 \| BFI
Disclosure of subsidiaries [line items]
Corporate borrowings	$ 1,000
Annual Rate	4.85%	4.85%
$600 4.35% Unsecured Notes Due 2030 \| BFI
Disclosure of subsidiaries [line items]
Corporate borrowings	$ 600
Annual Rate	4.35%	4.35%
$150 4.35% Unsecured Notes Due 2030 \| BFI
Disclosure of subsidiaries [line items]
Corporate borrowings	$ 150
Annual Rate	4.35%	4.35%
$500 3.50% Unsecured Notes Due 2051 \| BFI
Disclosure of subsidiaries [line items]
Corporate borrowings	$ 500
Annual Rate	3.50%	3.50%
$400 4.625% Subordinated Notes Due in 2080 \| BFI
Disclosure of subsidiaries [line items]
Corporate borrowings	$ 400
Annual Rate	4.625%	4.625%
$500 2.724% Unsecured Notes Due 2031 \| BFI
Disclosure of subsidiaries [line items]
Corporate borrowings	$ 500
Annual Rate	2.724%	2.724%
$250 3.50% Subordinated Notes Due in 2051 \| BFI
Disclosure of subsidiaries [line items]
Corporate borrowings	$ 250
Annual Rate	3.50%	3.50%
$400 3.90% Unsecured Notes Due 2028 \| BFI
Disclosure of subsidiaries [line items]
Corporate borrowings	$ 400
Annual Rate	3.90%	3.90%
$400 3.625% Unsecured Notes Due 2052 \| BFI
Disclosure of subsidiaries [line items]
Corporate borrowings	$ 400
Annual Rate	3.625%	3.625%
$600 2.34% Senior Notes Due 2032 \| Brookfield Finance I (UK) PLC
Disclosure of subsidiaries [line items]
Corporate borrowings						$ 600
Annual Rate					2.34%
$750 4.00% Unsecured Notes Due 2024 \| BFL
Disclosure of subsidiaries [line items]
Corporate borrowings								$ 750
Annual Rate								4%
$600 3.45% 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%
$1 billion 5.431% Unsecured Notes Due 2032 \| Brookfield Finance LLC II [Member]
Disclosure of subsidiaries [line items]
Corporate borrowings			$ 1,000
Annual Rate			5.431%
Preferred shares \| BIC
Disclosure of subsidiaries [line items]
Issued capital		$ 34

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, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Disclosure of subsidiaries [line items]
Revenue			$ 92,769	$ 75,731
Net income attributable to shareholders			2,056	3,966
Total assets	$ 441,284	$ 391,003	441,284	391,003
Total liabilities	299,393	256,262	299,393	256,262
Non-controlling interest - preferred equity	230	230	230	230
The Corporation
Disclosure of subsidiaries [line items]
Revenue			2,491	1,373
Net income attributable to shareholders			2,056	3,966
Total assets	71,514	84,793	71,514	84,793
Total liabilities	27,761	38,438	27,761	38,438
Non-controlling interest - preferred equity	0	0	0	0
BFI
Disclosure of subsidiaries [line items]
Revenue			284	250
Net income attributable to shareholders			(8)	(8)
Total assets	9,769	8,256	9,769	8,256
Total liabilities	8,544	6,387	8,544	6,387
Non-controlling interest - preferred equity	0	0	0	0
Brookfield Finance Inc II [Member]
Disclosure of subsidiaries [line items]
Revenue	2	0
Net income attributable to shareholders	0	0
Total assets	740	0	740	0
Total liabilities	737	0	737	0
Non-controlling interest - preferred equity	0	0	0	0
BFL
Disclosure of subsidiaries [line items]
Revenue			30	33
Net income attributable to shareholders			0	0
Total assets	16	607	16	607
Total liabilities	6	597	6	597
Non-controlling interest - preferred equity	0	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	0
Total liabilities	0	0	0	0
Non-controlling interest - preferred equity	0	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	0
Total liabilities	0	0	0	0
Non-controlling interest - preferred equity	0	0	0	0
Brookfield Finance I (UK) PLC
Disclosure of subsidiaries [line items]
Revenue			35	9
Net income attributable to shareholders			11	5
Total assets	232	843	232	843
Total liabilities	4	603	4	603
Non-controlling interest - preferred equity	230	230	230	230
BIC
Disclosure of subsidiaries [line items]
Revenue			507	121
Net income attributable to shareholders			487	(251)
Total assets	4,170	5,433	4,170	5,433
Total liabilities	3,520	3,734	3,520	3,734
Non-controlling interest - preferred equity	0	0	0	0
Subsidiaries of the Corporation other than BFI, BFL and BIC
Disclosure of subsidiaries [line items]
Revenue			111,633	82,663
Net income attributable to shareholders			18,598	6,100
Total assets	492,799	400,288	492,799	400,288
Total liabilities	297,397	237,100	297,397	237,100
Non-controlling interest - preferred equity	0	0	0	0
Material reconciling items
Disclosure of subsidiaries [line items]
Revenue	(22,213)	(8,718)
Net income attributable to shareholders	(19,088)	(5,846)
Total assets	(137,956)	(109,217)	(137,956)	(109,217)
Total liabilities	(38,576)	(30,597)	(38,576)	(30,597)
Non-controlling interest - preferred equity	$ 0	$ 0	$ 0	$ 0

EQUITY - Schedule Of Equity (De

EQUITY - Schedule Of Equity (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Disclosure of classes of share capital [line items]
Total Equity	$ 141,891	$ 134,741
Common Share Capital \| Common shares
Disclosure of classes of share capital [line items]
Total Equity	10,901	10,538
Contributed Surplus \| Common shares
Disclosure of classes of share capital [line items]
Total Equity	148	320
Retained Earnings \| Common shares
Disclosure of classes of share capital [line items]
Total Equity	18,006	17,705
Ownership Changes1 \| Common shares
Disclosure of classes of share capital [line items]
Total Equity	2,959	6,243
Accumulated other comprehensive income \| Common shares
Disclosure of classes of share capital [line items]
Total Equity	7,594	7,404
Common equity \| Common shares
Disclosure of classes of share capital [line items]
Total Equity	$ 39,608	$ 42,210

EQUITY - Narrative (Details)

EQUITY - Narrative (Details)	12 Months Ended
EQUITY - Narrative (Details)	Dec. 31, 2022 USD ($) yr shares $ / shares	Dec. 31, 2021 USD ($) shares yr $ / shares	Dec. 31, 2022 $ / shares
Disclosure of classes of share capital [line items]
Dividends paid, ordinary shares per share \| $ / shares	$ 0.56	$ 0.52
Expense incurred with respect to MSOP	$ 30,000,000	$ 25,000,000
Expense from share-based payment transactions with employees	167,000,000	$ 121,000,000
Non-cash distribution	$ (2,400,000,000)
Proportion of ownership interest in subsidiary	25%
Brookfield Asset Management ULC (BAM)
Disclosure of classes of share capital [line items]
Non-cash distribution	$ (410,000,000)
Reinsurance
Disclosure of classes of share capital [line items]
Special Dividends	$ 538,000,000
Management Share Option Plan \| Equity-Settled Share-Based Payment Arrangement
Disclosure of classes of share capital [line items]
Average term to exercise \| yr	7.5	7.5
Expected volatility, share options granted	24.80%	24.40%
Expected dividend as percentage, share options granted	1.40%	1.70%
Risk free interest rate, share options granted	1.90%	1%
Liquidity Discount	25%	25%
Weighted-average fair value of a unit	$ 8.82	$ 5.71
Escrowed Stock Plan \| Equity-Settled Share-Based Payment Arrangement
Disclosure of classes of share capital [line items]
Number of share options granted in share-based payment arrangement \| shares	43,650,000,000	5,300,000,000
Weighted average exercise price of share options exercised in share-based payment arrangement \| $ / shares	$ 26.94	$ 16.39
Average term to exercise \| yr	7.2	7.5
Expected volatility, share options granted	26.70%	24.40%
Expected dividend as percentage, share options granted	1%	1.60%
Risk free interest rate, share options granted	3.70%	1%
Liquidity Discount	25%	25%
Weighted-average fair value of a unit	$ 7.66	$ 5.72
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
Share Options Vested In Share-Based Payment Arrangement	$ 1,200,000,000	1,900,000,000
Expense from share-based payment transactions with employees	$ 8,000,000	$ 11,000,000
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	5,100,000	5.3
Expense from share-based payment transactions with employees	$ 51,000,000	$ 41,000,000
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
Share based awards, hold period	5 years
Number of instruments granted in share-based payment arrangement \| shares	1,900,000	3,100,000
Number of instruments granted in share-based payment arrangement, converted \| shares	1,500,000
Expense from share-based payment transactions with employees	$ 78,000,000	$ 43,000,000
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
Preferred shares
Disclosure of classes of share capital [line items]
Par value per share (in cad per share) \| $ / shares			$ 25
Preference shares, series 51 [Member]
Disclosure of classes of share capital [line items]
Par value per share (in cad per share) \| $ / shares			22.44
Preference shares, series 52
Disclosure of classes of share capital [line items]
Par value per share (in cad per share) \| $ / shares			$ 22

EQUITY - Schedule Of Number Of

EQUITY - Schedule Of Number Of Issued And Outstanding Common Shares And Unexercised Options (Details) - shares	Dec. 31, 2022	Sep. 30, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure of classes of share capital [line items]
Number of Common Shares Held by the Company	62,910,220	69,663,192	69,663,192	64,197,815
Common shares
Disclosure of classes of share capital [line items]
Issued and Outstanding (in shares)	1,573,371,868		1,568,828,941	1,510,720,411
Unexercised options and other share-based plans (in shares)	55,500,881		82,825,207
Total diluted shares (in shares)	1,628,872,749		1,651,654,148
Class A shares \| Common shares
Disclosure of classes of share capital [line items]
Issued and Outstanding (in shares)	1,573,286,748		1,568,743,821
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, 2022	Dec. 31, 2021	Sep. 30, 2022	Dec. 31, 2020
Issued (Repurchased)
Number of Common Shares Held by the Company	62,910,220	69,663,192	69,663,192	64,197,815
Common shares
Disclosure of classes of share capital [line items]
Beginning balance (in shares)	1,568,828,941	1,510,720,411
Issued (Repurchased)
Share issuance	1,406,586	61,276,716
Repurchases (in shares)	(17,247,660)	(9,662,117)
Long-term share ownership plans (in shares)	19,138,775	6,369,972
Dividend reinvestment plan and others (in shares)	1,245,226	123,959
Ending balance (in shares)	1,573,371,868	1,568,828,941

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, 2022	Dec. 31, 2021
Equity [abstract]
Net income (loss)	$ 2,056	$ 3,966
Dilutive effect of conversion of subsidiary preferred shares	(150)	(148)
Dilutive effect of mandatorily redeemable preferred shares issued in a consolidated subsidiary	0	(26)
Profit (loss), attributable to ordinary equity holders of parent entity	1,906	3,792
Dilutive effect of exchangeable shares issued in a consolidated subsidiary	5	2
Profit (loss), attributable to ordinary equity holders of parent entity, used in calculating diluted earnings per share	$ 1,911	$ 3,794
Weighted average - common shares	1,567.5	1,536.5
Dilutive effect of the conversion of options and escrowed shares using the treasury stock method	40.7	50.4
Common shares and common share equivalents	1,608.2	1,586.9

EQUITY - Schedule Of Preferred

EQUITY - Schedule Of Preferred Equity (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Disclosure of classes of share capital [line items]
Equity	$ 141,891	$ 134,741
Weighted average \| Preferred shares
Disclosure of classes of share capital [line items]
Average Rate	4.40%	4%
Floating rate \| Weighted average \| Preferred shares
Disclosure of classes of share capital [line items]
Average Rate	4.26%	2.32%
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	4.59%	3.81%
Fixed rate-reset preferred shares \| Weighted average \| Preferred shares
Disclosure of classes of share capital [line items]
Average Rate	4.31%	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	505
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	1,244
Preferred equity \| Fixed rate-reset preferred shares \| Preferred shares
Disclosure of classes of share capital [line items]
Equity	$ 2,901	$ 2,901

EQUITY - Schedule Of Series Of

EQUITY - Schedule Of Series Of Preferred Shares (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Disclosure of classes of share capital [line items]
Equity	$ 141,891	$ 134,741
Series 2 Class A Preferred Shares \| Floating rate
Disclosure of classes of share capital [line items]
Preferred stock, dividend rate, percentage	70%
Series 4 Class A Preferred Shares \| Floating rate
Disclosure of classes of share capital [line items]
Preferred stock, dividend rate, percentage	7,000%
Series 13 Class A Preferred Shares \| Floating rate
Disclosure of classes of share capital [line items]
Preferred stock, dividend rate, percentage	7,000%
Series 15 Class A Preferred Shares \| Floating rate
Disclosure of classes of share capital [line items]
Preferred stock, dividend rate, percentage	4,000%
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 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	3.85%
Series 28 Class A Preferred Shares \| Fixed rate-reset preferred shares
Disclosure of classes of share capital [line items]
Preferred stock, dividend rate, percentage	4.61%
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%
Series 46 Class A Preferred Shares \| Fixed rate-reset preferred shares
Disclosure of classes of share capital [line items]
Preferred stock, dividend rate, percentage	5.39%
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%
Series 52 Class A Preferred Shares \| Fixed rate-reset preferred shares
Disclosure of classes of share capital [line items]
Preferred stock, dividend rate, percentage	2.75%
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	18,000%
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	41,700%
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	505
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	1,244
Preferred shares \| Preferred equity \| Fixed rate-reset preferred shares
Disclosure of classes of share capital [line items]
Equity	$ 2,901	$ 2,901
Preferred shares \| Series 2 Class A Preferred Shares \| Floating rate
Disclosure of classes of share capital [line items]
Issued and Outstanding (in shares)	10,220,175	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)	3,983,910	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)	0	3,321,486
Preferred shares \| Series 8 Class A Preferred Shares \| Preferred equity \| Floating rate
Disclosure of classes of share capital [line items]
Equity	$ 0	$ 54
Preferred shares \| Series 13 Class A Preferred Shares \| Floating rate
Disclosure of classes of share capital [line items]
Issued and Outstanding (in shares)	8,792,596	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)	7,681,088	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 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)	0	670,680
Preferred shares \| Series 9 Class A Preferred Shares \| Preferred equity \| Fixed rate-reset preferred shares
Disclosure of classes of share capital [line items]
Equity	$ 0	$ 9
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	10,808,027
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	$ 265
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
Preferred shares \| Series 51 Class A Preferred Shares \| Fixed rate
Disclosure of classes of share capital [line items]
Issued and Outstanding (in shares)	3,320,486	0
Preferred shares \| Series 51 Class A Preferred Shares \| Preferred equity \| Fixed rate
Disclosure of classes of share capital [line items]
Equity	$ 54	$ 0
Preferred shares \| Series 52 Class A Preferred Shares \| Fixed rate-reset preferred shares
Disclosure of classes of share capital [line items]
Issued and Outstanding (in shares)	1,177,580	0
Preferred shares \| Series 52 Class A Preferred Shares \| Preferred equity \| Fixed rate-reset preferred shares
Disclosure of classes of share capital [line items]
Equity	$ 9	$ 0

EQUITY - Schedule Of Expense Re

EQUITY - Schedule Of Expense Recognized For Share-Based Compensation (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Equity [abstract]
Expense arising from equity-settled share-based payment transactions	$ 159	$ 110
Expense arising from cash-settled share-based payment transactions	(621)	681
Total expense arising from share-based payment transactions	(462)	791
Effect of hedging program	629	(670)
Expense from share-based payment transactions with employees	$ 167	$ 121

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, 2022 USD ($) shares $ / shares	Dec. 31, 2021 USD ($) shares $ / shares	Dec. 31, 2020 shares $ / 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	$ 46.62	$ 35.56
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	44,093,000	43,794,000	47,367,000
Weighted average exercise price of share options outstanding in share-based payment arrangement \| $ / shares	$ 25.16	$ 22.59	$ 20.54
Number of share options granted in share-based payment arrangement \| shares	3,956,000	4,185,000
Weighted average exercise price of share options granted in share-based payment arrangement \| $ / shares	$ 46.62	$ 35.56
Exercised (in shares) \| shares	(3,258,000)	(7,388,000)
Weighted average exercise price of share options exercised in share-based payment arrangement \| $ / shares	$ 15.35	$ 16.50
Number Of Share Options Cancelled In Share-Based Payment Arrangement \| shares	(399,000)	(370,000)
Weighted average exercise price of share options exercised (in dollars per share) \| $	$ 35.70	$ 28.24
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	39,425,000	50,378,000	46,716,000
Weighted average exercise price of share options outstanding in share-based payment arrangement \| $ / shares	$ 35	$ 25.14	$ 23.65
Number of share options granted in share-based payment arrangement \| shares	43,650,000	5,300,000
Exercised (in shares) \| shares	(54,600,000)	(1,621,000)
Weighted average exercise price of share options exercised in share-based payment arrangement \| $ / shares	$ 26.94	$ 16.39
Number Of Share Options Cancelled In Share-Based Payment Arrangement \| shares	(3,000)	(17,000)
Weighted average share price, share options granted \| $ / shares	$ 36.25	$ 35.64
Weighted average exercise price of share options expired in share-based payment arrangement \| $ / shares	$ 41.06	$ 36.32

EQUITY - Schedule Using Black-S

EQUITY - Schedule Using Black-Scholes Module (Details) - Equity-Settled Share-Based Payment Arrangement	12 Months Ended
	Dec. 31, 2022 yr $ / shares	Dec. 31, 2021 yr $ / 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	$ 46.62	$ 35.56
Average term to exercise \| yr	7.5	7.5
Expected volatility, share options granted	24.80%	24.40%
Liquidity Discount	25%	25%
Expected dividend as percentage, share options granted	1.40%	1.70%
Risk free interest rate, share options granted	1.90%	1%
Escrowed Stock Plan
Disclosure of terms and conditions of share-based payment arrangement [line items]
Weighted average share price, share options granted \| $ / shares	$ 36.25	$ 35.64
Average term to exercise \| yr	7.2	7.5
Expected volatility, share options granted	26.70%	24.40%
Liquidity Discount	25%	25%
Expected dividend as percentage, share options granted	1%	1.60%
Risk free interest rate, share options granted	3.70%	1%

EQUITY - Schedule Of Options to

EQUITY - Schedule Of Options to Purchase Class A Shares (Details) - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Management Share Option Plan \| Common Class A \| Equity-Settled Share-Based Payment Arrangement
Disclosure of classes of share capital [line items]
Vested (in shares)	31,425,000	29,069,000
Unvested (in shares)	12,668,000	14,725,000
Number of share options outstanding in share-based payment arrangement	44,093,000	43,794,000
US$13.77 - US$16.70 [Member]
Disclosure of classes of share capital [line items]
Weighted average remaining contractual life of outstanding share options	2 years 1 month 6 days	2 months 12 days
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)	8,376,000	629,000
Unvested (in shares)	0	0
Number of share options outstanding in share-based payment arrangement	8,376,000	629,000
US$18.43 - US$22.05 [Member]
Disclosure of classes of share capital [line items]
Weighted average remaining contractual life of outstanding share options	4 years
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)	16,569,000	10,238,000
Unvested (in shares)	1,094,000	0
Number of share options outstanding in share-based payment arrangement	17,663,000	10,238,000
US$24.15 - US$31.64 [Member]
Disclosure of classes of share capital [line items]
Weighted average remaining contractual life of outstanding share options	6 years 2 months 12 days	5 years
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)	4,381,000	14,473,000
Unvested (in shares)	2,700,000	3,856,000
Number of share options outstanding in share-based payment arrangement	7,081,000	18,329,000
US$35.56 – US$46.62 [Member]
Disclosure of classes of share capital [line items]
Weighted average remaining contractual life of outstanding share options	8 years 2 months 12 days	7 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)	2,099,000	3,083,000
Unvested (in shares)	8,874,000	4,173,000
Number of share options outstanding in share-based payment arrangement	10,973,000	7,256,000
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
Unvested (in shares)		6,696,000
Number of share options outstanding in share-based payment arrangement		7,342,000
US$15.58 - US$20.39 [Member]
Disclosure of classes of share capital [line items]
Weighted average remaining contractual life of outstanding share options		2 years 9 months 18 days
US$45.21 [Member]
Disclosure of classes of share capital [line items]
Exercise price of outstanding share options		$ 35.56
Weighted average remaining contractual life of outstanding share options		8 years 8 months 12 days
Bottom of range \| US$13.77 - US$16.70 [Member]
Disclosure of classes of share capital [line items]
Exercise price of outstanding share options	$ 13.77	$ 8.43
Bottom of range \| US$18.43 - US$22.05 [Member]
Disclosure of classes of share capital [line items]
Exercise price of outstanding share options	18.43
Bottom of range \| US$24.15 - US$31.64 [Member]
Disclosure of classes of share capital [line items]
Exercise price of outstanding share options	24.15	18.43
Bottom of range \| US$35.56 – US$46.62 [Member]
Disclosure of classes of share capital [line items]
Exercise price of outstanding share options	35.56	24.15
Bottom of range \| US$15.58 - US$20.39 [Member]
Disclosure of classes of share capital [line items]
Exercise price of outstanding share options		13.77
Top of range \| US$13.77 - US$16.70 [Member]
Disclosure of classes of share capital [line items]
Exercise price of outstanding share options	16.70	12.57
Top of range \| US$18.43 - US$22.05 [Member]
Disclosure of classes of share capital [line items]
Exercise price of outstanding share options	22.05
Top of range \| US$24.15 - US$31.64 [Member]
Disclosure of classes of share capital [line items]
Exercise price of outstanding share options	31.64	22.05
Top of range \| US$35.56 – US$46.62 [Member]
Disclosure of classes of share capital [line items]
Exercise price of outstanding share options	$ 46.62	31.64
Top of range \| US$15.58 - US$20.39 [Member]
Disclosure of classes of share capital [line items]
Exercise price of outstanding share options		$ 16.70

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, 2022 CAD ($) shares $ / shares	Dec. 31, 2021 CAD ($) shares $ / shares	Dec. 31, 2020 shares $ / shares
Deferred Stock Unit
Disclosure of classes of share capital [line items]
Number of share options outstanding in share-based payment arrangement	21,648	18,286	18,721
Granted and reinvested (in shares)	3,415	1,929
Number Of Share Options Exercised And Cancelled In Share-Based Payment Arrangement	(53)	(2,364)
Restricted Stock
Disclosure of classes of share capital [line items]
Number of share options outstanding in share-based payment arrangement	13,679	13,679	13,679
Weighted average exercise price of share options outstanding in share-based payment arrangement \| $ / shares	$ 6.10	$ 6.10	$ 6.10
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	0
Weighted Average Exercise Price Of Share Options Exercised And Cancelled (in dollars per share) \| $	$ 0	$ 0
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, 2022 USD ($)	Dec. 31, 2022 CAD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2021 CAD ($)
Deferred Stock Unit
Disclosure of classes of share capital [line items]
Share Price on Date of Remeasurement in Canadian Dollars Per Share		$ 42.58		$ 76.39
Share Price on Date of Remeasurement in US Dollars per Share	$ 31.46		$ 60.38
Restricted Stock
Disclosure of classes of share capital [line items]
Share Price on Date of Remeasurement in Canadian Dollars Per Share		42.58		76.39
Weighted-average fair value of a unit		$ 36.48		$ 70.29

REVENUES - BY TYPE (Details)

REVENUES - BY TYPE (Details) - USD ($) $ in Millions	12 Months Ended
REVENUES - BY TYPE (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	$ 81,436	$ 65,831
Other revenue	11,333	9,900
Revenue	92,769	75,731
Asset management
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	653	306
Other revenue	0	0
Revenue	653	306
Corporate Activities
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	0	0
Other revenue	166	169
Revenue	166	169
Renewable Power
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	4,959	4,041
Other revenue	239	539
Revenue	5,198	4,580
Infrastructure
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	13,971	11,204
Other revenue	753	737
Revenue	14,724	11,941
Private Equity
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	55,318	44,748
Other revenue	2,907	1,704
Revenue	58,225	46,452
Real Estate
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	6,535	5,532
Other revenue	7,268	6,751
Revenue	$ 13,803	$ 12,283

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, 2022	Dec. 31, 2021
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue from contracts with customers	$ 81,436	$ 65,831
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	49,628	41,037
Goods or services transferred over time [member]
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue from contracts with customers	31,808	24,794
Asset management
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue from contracts with customers	653	306
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	653	306
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
Renewable Power
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue from contracts with customers	4,959	4,041
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	274	137
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	4,685	3,904
Infrastructure
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue from contracts with customers	13,971	11,204
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	41	137
Infrastructure \| Goods or services transferred over time [member]
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue from contracts with customers	13,930	11,067
Private Equity
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue from contracts with customers	55,318	44,748
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	46,190	37,866
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	9,128	6,882
Real Estate
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue from contracts with customers	6,535	5,532
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	3,123	2,897
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	$ 3,412	$ 2,635

REVENUES - Narrative (Details)

REVENUES - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
REVENUES - Narrative (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Disclosure of disaggregation of revenue from contracts with customers [line items]
Operating lease income	$ 8,200	$ 6,700
Income relating to variable lease payments for operating leases that do not depend on index or rate	182	147
Construction Services [Member] \| Private Equity
Disclosure of disaggregation of revenue from contracts with customers [line items]
Transaction price allocated to remaining performance obligations	5,700	7,500
Brazilian water and wastewater services [Member] \| Private Equity \| Service concession arrangements [member]
Disclosure of disaggregation of revenue from contracts with customers [line items]
Transaction price allocated to remaining performance obligations	$ 10,400	$ 8,900
Explanation of when entity expects to recognise transaction price allocated to remaining performance obligations as revenue	23 years	24 years
Nuclear Power Generation \| Private Equity
Disclosure of disaggregation of revenue from contracts with customers [line items]
Transaction price allocated to remaining performance obligations	$ 9,200	$ 9,300

REVENUES Revenue - Lease Paymen

REVENUES Revenue - Lease Payment Receivable (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Disclosure of maturity analysis of finance lease payments receivable [line items]
Undiscounted finance lease payments to be received	$ 37,812	$ 33,850
Less than 1 year
Disclosure of maturity analysis of finance lease payments receivable [line items]
Undiscounted finance lease payments to be received	5,719	5,072
1 to 3 Years
Disclosure of maturity analysis of finance lease payments receivable [line items]
Undiscounted finance lease payments to be received	9,072	8,090
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	7,038	6,333
Thereafter
Disclosure of maturity analysis of finance lease payments receivable [line items]
Undiscounted finance lease payments to be received	$ 15,983	$ 14,355

FAIR VALUE CHANGES (Details)

FAIR VALUE CHANGES (Details) - USD ($) $ in Millions	12 Months Ended
FAIR VALUE CHANGES (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Disclosure of fair value measurement of assets [line items]
Fair value changes in net income	$ (977)	$ 5,151
Investment property [member]
Disclosure of fair value measurement of assets [line items]
Fair value changes in net income	629	5,073
Transaction related gains, net of deal costs
Disclosure of fair value measurement of assets [line items]
Fair value changes in net income	(533)	714
Financial contracts
Disclosure of fair value measurement of assets [line items]
Fair value changes in net income	(163)	984
Impairment and provisions
Disclosure of fair value measurement of assets [line items]
Fair value changes in net income	(293)	(654)
Other fair value changes
Disclosure of fair value measurement of assets [line items]
Fair value changes in net income	$ (617)	$ (966)

DERIVATIVE FINANCIAL INSTRUME_3

DERIVATIVE FINANCIAL INSTRUMENTS - Notional Amount of Derivative Positions (Details) $ in Millions	Dec. 31, 2022 USD ($) GWh MMBTU	Dec. 31, 2021 USD ($) MMBTU GWh
Foreign exchange
Disclosure of detailed information about financial instruments [line items]
Derivative, Notional Amount	$ 50,361	$ 63,083
Interest rates
Disclosure of detailed information about financial instruments [line items]
Derivative, Notional Amount	60,600	55,899
Equity derivatives
Disclosure of detailed information about financial instruments [line items]
Derivative, Notional Amount	$ 1,942	$ 4,448
Energy commodity instrument [Member]
Disclosure of detailed information about financial instruments [line items]
Nominal Amount of Commodity Derivatives \| GWh	69,902	35,156
Natural gas commodity instrument [Member]
Disclosure of detailed information about financial instruments [line items]
Nominal Amount of Commodity Derivatives \| MMBTU	128,381,000	246,375,000

DERIVATIVE FINANCIAL INSTRUME_4

DERIVATIVE FINANCIAL INSTRUMENTS - Foreign Exchange Contract Derivative Positions (Details) $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Foreign exchange
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]
Derivative, Notional Amount	$ 50,361	$ 63,083
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	$ 7,381	$ 11,689
Average Exchange Rate	0.76	0.81
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	$ 5,673	$ 5,566
Average Exchange Rate	0.77	0.63
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	$ 6,880	$ 12,089
Average Exchange Rate	1.12	1.19
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	$ 243	$ 298
Average Exchange Rate	1.21	1.48
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	$ 10,074	$ 9,939
Average Exchange Rate	1.01	1.14
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	$ 0	$ 848
Average Exchange Rate	0	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	$ 0	$ 1,430
Average Exchange Rate	0	1.11
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	$ 4,088	$ 4,791
Average Exchange Rate	0.69	0.72
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	$ 634	$ 1,317
Average Exchange Rate	0.93	0.98
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	$ 3,921	$ 3,281
Average Exchange Rate	73.72	78.90
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	$ 485	$ 572
Average Exchange Rate	78.73	74.56
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	$ 923	$ 756
Average Exchange Rate	1,293	1,151
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	$ 4,166	$ 2,484
Average Exchange Rate	6.07	6.02
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	$ 378	$ 793
Average Exchange Rate	116.26	111.27
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	$ 275	$ 750
Average Exchange Rate	130.68	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	$ 355	$ 740
Average Exchange Rate	4,800	3,937
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	$ 749	$ 0
Average Exchange Rate	0	0
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	$ 1,371	$ 1,291
Average Exchange Rate	0.16	0.16
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	$ 0	$ 175
Average Exchange Rate	0	0.18
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	$ 0	$ 1,475
Average Exchange Rate	0	9.08
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	$ 2,765	$ 2,799

DERIVATIVE FINANCIAL INSTRUME_5

DERIVATIVE FINANCIAL INSTRUMENTS - Narrative (Details) $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($) MMBTU	Dec. 31, 2021 USD ($) MMBTU
Disclosure of detailed information about hedging instruments [line items]
Unrealised Gains (Losses) On Change In Fair Value Of Derivatives	$ (146)	$ 704
Equity derivatives
Disclosure of detailed information about hedging instruments [line items]
Derivative, Notional Amount	1,900	1,800
Interest Rate Swap and Forward Starting Swap Contracts [Member]
Disclosure of detailed information about hedging instruments [line items]
Derivative, Notional Amount	37,500	28,600
Interest Rate Swaptions
Disclosure of detailed information about hedging instruments [line items]
Derivative, Notional Amount	244	248
Interest Rate Cap Contracts
Disclosure of detailed information about hedging instruments [line items]
Derivative, Notional Amount	22,800	27,100
Foreign exchange
Disclosure of detailed information about hedging instruments [line items]
Unrealised Gains (Losses) On Change In Fair Value Of Derivatives	23	53
Gains (losses) on hedges of net investments in foreign operations, net of tax	2,800	367
Derivative, Notional Amount	50,361	63,083
Equity derivatives
Disclosure of detailed information about hedging instruments [line items]
Unrealised Gains (Losses) On Change In Fair Value Of Derivatives	(296)	757
Derivative, Notional Amount	$ 1,942	$ 4,448
Natural gas commodity instrument [Member]
Disclosure of detailed information about hedging instruments [line items]
Nominal Amount of Commodity Derivatives \| MMBTU	128,381,000	246,375,000

DERIVATIVE FINANCIAL INSTRUME_6

DERIVATIVE FINANCIAL INSTRUMENTS - Hedge Classification (Details) bbl in Thousands, $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($) MMBTU GWh	Dec. 31, 2021 USD ($) GWh MMBTU bbl
Cash flow hedges
Disclosure of detailed information about hedging instruments [line items]
Nominal amount of derivative positions	$ 47,860	$ 43,776
Gains (losses) on cash flow hedges, before tax	2,081	582
Ineffective Portion	13	24
Net investment hedges
Disclosure of detailed information about hedging instruments [line items]
Nominal amount of derivative positions	35,198	43,997
Gains (losses) on hedges of net investments in foreign operations, before tax	2,998	407
Ineffective Portion	0	(14)
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	83,058	87,773
Gain (loss) on hedge effectiveness recognised in other comprehensive income	5,079	989
Ineffective Portion	$ 13	$ 10
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
Energy commodity instrument [Member]
Disclosure of detailed information about hedging instruments [line items]
Nominal Amount of Commodity Derivatives \| GWh	69,902	35,156
Energy commodity instrument [Member] \| Cash flow hedges
Disclosure of detailed information about hedging instruments [line items]
Nominal Amount of Commodity Derivatives \| GWh	18,133	17,753
Natural gas commodity instrument [Member]
Disclosure of detailed information about hedging instruments [line items]
Nominal Amount of Commodity Derivatives \| MMBTU	128,381,000	246,375,000
Natural gas commodity instrument [Member] \| Cash flow hedges
Disclosure of detailed information about hedging instruments [line items]
Nominal Amount of Commodity Derivatives \| MMBTU	67,803,000	93,623,000

DERIVATIVE FINANCIAL INSTRUME_7

DERIVATIVE FINANCIAL INSTRUMENTS - Change in Fair Value of Derivative Instruments (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Disclosure of detailed information about hedging instruments [line items]
Unrealized Gains	$ 1,013
Unrealized losses	(1,159)
Net Change	146	$ (704)
Foreign exchange
Disclosure of detailed information about hedging instruments [line items]
Unrealized Gains	192
Unrealized losses	(169)
Net Change	(23)	(53)
Interest rates
Disclosure of detailed information about hedging instruments [line items]
Unrealized Gains	575
Unrealized losses	(156)
Net Change	(419)	(183)
Equity derivatives
Disclosure of detailed information about hedging instruments [line items]
Unrealized Gains	69
Unrealized losses	(365)
Net Change	296	(757)
Commodity instruments
Disclosure of detailed information about hedging instruments [line items]
Unrealized Gains	177
Unrealized losses	(469)
Net Change	$ 292	$ 183

DERIVATIVE FINANCIAL INSTRUME_8

DERIVATIVE FINANCIAL INSTRUMENTS - Notional Amount of Derivative Instruments Fair Value Through Profit or Loss (Details) $ in Millions	Dec. 31, 2022 USD ($) GWh MMBTU	Dec. 31, 2021 USD ($) GWh MMBTU
Equity derivatives
Disclosure of detailed information about hedging instruments [line items]
Derivative, Notional Amount	$ 1,900	$ 1,800
Fair value through profit or loss \| Foreign exchange
Disclosure of detailed information about hedging instruments [line items]
Derivative, Notional Amount	7,076	10,933
Fair value through profit or loss \| Foreign exchange \| Less than 1 year
Disclosure of detailed information about hedging instruments [line items]
Derivative, Notional Amount	4,440
Fair value through profit or loss \| Foreign exchange \| 1 to 5 Years
Disclosure of detailed information about hedging instruments [line items]
Derivative, Notional Amount	1,671
Fair value through profit or loss \| Foreign exchange \| Thereafter
Disclosure of detailed information about hedging instruments [line items]
Derivative, Notional Amount	965
Fair value through profit or loss \| Interest rates
Disclosure of detailed information about hedging instruments [line items]
Derivative, Notional Amount	19,976	19,661
Fair value through profit or loss \| Interest rates \| Less than 1 year
Disclosure of detailed information about hedging instruments [line items]
Derivative, Notional Amount	10,126
Fair value through profit or loss \| Interest rates \| 1 to 5 Years
Disclosure of detailed information about hedging instruments [line items]
Derivative, Notional Amount	8,578
Fair value through profit or loss \| Interest rates \| Thereafter
Disclosure of detailed information about hedging instruments [line items]
Derivative, Notional Amount	1,272
Fair value through profit or loss \| Equity derivatives
Disclosure of detailed information about hedging instruments [line items]
Derivative, Notional Amount	1,941	$ 4,353
Fair value through profit or loss \| Equity derivatives \| Less than 1 year
Disclosure of detailed information about hedging instruments [line items]
Derivative, Notional Amount	866
Fair value through profit or loss \| Equity derivatives \| 1 to 5 Years
Disclosure of detailed information about hedging instruments [line items]
Derivative, Notional Amount	1,002
Fair value through profit or loss \| Equity derivatives \| Thereafter
Disclosure of detailed information about hedging instruments [line items]
Derivative, Notional Amount	$ 73
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	51,770,000,000	17,403,000,000
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	3,456,000,000
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	21,743,000,000
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	26,571,000,000
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	60,578,000	152,753,000
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	50,703,000
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	9,875,000
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	$ 43,286	$ 52,150
Elected for hedge accounting \| Interest rates
Disclosure of detailed information about hedging instruments [line items]
Derivative, Notional Amount	$ 40,624	$ 36,238
Elected for hedge accounting \| Energy commodity instrument [Member]
Disclosure of detailed information about hedging instruments [line items]
Nominal Amount of Commodity Derivatives \| GWh	18,133,000,000	17,754,000,000
Elected for hedge accounting \| Natural gas commodity instrument [Member]
Disclosure of detailed information about hedging instruments [line items]
Nominal Amount of Commodity Derivatives \| MMBTU	67,803,000	93,623,000
Elected for hedge accounting \| Equity derivatives
Disclosure of detailed information about hedging instruments [line items]
Derivative, Notional Amount	$ 0	$ 95
Elected for hedge accounting \| Less than 1 year \| Foreign exchange
Disclosure of detailed information about hedging instruments [line items]
Derivative, Notional Amount	12,956
Elected for hedge accounting \| Less than 1 year \| Interest rates
Disclosure of detailed information about hedging instruments [line items]
Derivative, Notional Amount	$ 5,916
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	6,574,000,000
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	52,168,000
Elected for hedge accounting \| Less than 1 year \| Equity derivatives
Disclosure of detailed information about hedging instruments [line items]
Derivative, Notional Amount	$ 0
Elected for hedge accounting \| 1 to 5 Years \| Foreign exchange
Disclosure of detailed information about hedging instruments [line items]
Derivative, Notional Amount	29,530
Elected for hedge accounting \| 1 to 5 Years \| Interest rates
Disclosure of detailed information about hedging instruments [line items]
Derivative, Notional Amount	$ 31,597
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	8,868,000,000
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	15,635,000
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	800
Elected for hedge accounting \| Thereafter \| Interest rates
Disclosure of detailed information about hedging instruments [line items]
Derivative, Notional Amount	$ 3,111
Elected for hedge accounting \| Thereafter \| Energy commodity instrument [Member]
Disclosure of detailed information about hedging instruments [line items]
Nominal Amount of Commodity Derivatives \| GWh	2,691,000,000
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, 2022 USD ($)	Dec. 31, 2021 USD ($)
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	$ 416	$ 283
Net income impact of 50 basis point increase in yield curve on financial assets and liabilities	146	101
Other comprehensive income impact of 50 basis point increase in yield curve on financial assets and liabilities	$ 486	318
Currency risk
Disclosure of detailed information about financial instruments [line items]
Percentage of increase in U.S dollar against other currencies	1%
Impact of 1% increase in U.S. dollar against foreign currencies on unhedged financial instruments	$ 61	109
Impact of 1% increase in U.S. dollar against foreign currencies on hedged financial instruments	$ 421	509
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%
Impact on Net Income as a Result of a Percentage Decrease Equity Securities	$ 253	303
Impact on Other Comprehensive Income as a Result of a Percentage Decrease Equity Securities	$ 76	122
Percentage change in the common equity price	5%
Increase in compensation liability and expense	$ 63	98
Increase (decrease) in equity derivatives used for compensation hedging from a 5% change in the common equity price of the company	74	116
Amount to offset increase in compensation expense	63	98
Other comprehensive income impact of equity derivatives used for compensation hedging	$ 11	18
Other price risk
Disclosure of detailed information about financial instruments [line items]
Percentage increase in energy prices	5%
Impact on net income from a 5% decrease in energy prices	$ 85	49
Impact on other comprehensive income from a 5% decrease in energy prices	$ 46	$ 27

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, 2022	Dec. 31, 2021
Principal repayments
Principal repayments of borrowings	$ 11,390	$ 10,875
Principal repayment of borrowings	11,390	10,875
Non-recourse borrowings of managed entities	202,684	165,057
Subsidiary equity obligations	4,188	4,308
Interest expense
Corporate borrowings	5,991	5,533
Non-recourse borrowings	56,365	34,838
Subsidiary equity obligations	1,170	723
Insurance contracts that are liabilities	8,506	9,041
Undiscounted Finance Lease Payments to be Paid [Member]
Interest expense
Insurance contracts that are liabilities	17,773	18,710
Less than 1 year
Principal repayments
Principal repayments of borrowings	0
Principal repayment of borrowings		462
Non-recourse borrowings of managed entities	42,883	31,683
Subsidiary equity obligations	1,187	546
Interest expense
Corporate borrowings	484	420
Non-recourse borrowings	10,597	5,918
Subsidiary equity obligations	152	162
Commercial paper and credit facility draws outstanding	462
Less than 1 year \| Undiscounted Finance Lease Payments to be Paid [Member]
Interest expense
Insurance contracts that are liabilities	1,186	1,156
1 to 3 Years
Principal repayments
Principal repayments of borrowings	1,608
Principal repayment of borrowings		1,138
Non-recourse borrowings of managed entities	58,726	45,186
Subsidiary equity obligations	746	1,563
Interest expense
Corporate borrowings	863	802
Non-recourse borrowings	16,016	10,130
Subsidiary equity obligations	273	300
1 to 3 Years \| Undiscounted Finance Lease Payments to be Paid [Member]
Interest expense
Insurance contracts that are liabilities	1,855	2,389
Later than four years and not later than five years [member]
Principal repayments
Principal repayments of borrowings	1,486
Principal repayment of borrowings		2,104
Non-recourse borrowings of managed entities	44,119	41,918
Subsidiary equity obligations	553	544
Interest expense
Corporate borrowings	728	659
Non-recourse borrowings	11,432	6,832
Subsidiary equity obligations	182	228
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	1,540	1,615
Greater than 5 years
Principal repayments
Principal repayments of borrowings	8,296
Principal repayment of borrowings		7,171
Non-recourse borrowings of managed entities	56,956	46,270
Subsidiary equity obligations	1,702	1,655
Interest expense
Corporate borrowings	3,916	3,652
Non-recourse borrowings	18,320	11,958
Subsidiary equity obligations	563	33
Greater than 5 years \| Undiscounted Finance Lease Payments to be Paid [Member]
Interest expense
Insurance contracts that are liabilities	$ 13,192	$ 13,550

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, 2022	Dec. 31, 2021
Disclosure of transactions between related parties [line items]
Key management personnel compensation, short-term employee benefits	$ (14)	$ (16)
Key management personnel compensation, share-based payment	(38)	(56)
Total	52	72
Brookfield Corporation
Disclosure of transactions between related parties [line items]
Key management personnel compensation, short-term employee benefits	(5)	(5)
Key management personnel compensation, share-based payment	$ (13)	$ (13)

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, 2022	Dec. 31, 2021
Disclosure of transactions between related parties [line items]
Cash included in cash and cash equivalents	$ 12,000	$ 10,800
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	3,300
Cash included in cash and cash equivalents	$ 779
Reinsurance \| BNRE Class C [Member]
Disclosure of transactions between related parties [line items]
Number of shares issued	11,270,466
Issued Capital, Ordinary Shares	$ 450
Reinsurance \| BNRE Class A Junior Preferred Shares [Member]
Disclosure of transactions between related parties [line items]
Number of shares issued	98,351,547
Issued capital, preference shares	$ 2,500
Other related parties [member]
Disclosure of transactions between related parties [line items]
Management fees received	$ 102	$ 24

OTHER INFORMATION - Narrative (

OTHER INFORMATION - Narrative (Details) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($) $ / shares	Dec. 31, 2021 USD ($)	Dec. 31, 2014 USD ($) tranche	Dec. 31, 2020 $ / shares
Disclosure of other information [Line Items]
Contractual capital commitments	$ 2,800	$ 3,700
Insurance for Damage and Business Interruption Costs	4,000
Subsidiary preferred equity units	1,605	1,585
Interest costs capitalised	$ 508	$ 387
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