XML 63 R15.htm IDEA: XBRL DOCUMENT v3.19.1
HELD FOR SALE
12 Months Ended
Dec. 31, 2018
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, 2018 and December 31, 2017:
AS AT DEC. 31
(MILLIONS)
Real Estate

 
Renewable Power

 
Private Equity

 
2018 Total 

 
2017 Total

Assets
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
13

 
$
8

 
$

 
$
21

 
$
20

Accounts receivables and other
4

 
75

 
33

 
112

 
44

Investment properties
617

 

 

 
617

 
1,007

Property, plant and equipment

 
749

 
30

 
779

 
490

Equity accounted investments
568

 

 

 
568

 

Other long-term assets

 
88

 

 
88

 
44

Assets classified as held for sale
$
1,202

 
$
920

 
$
63

 
$
2,185

 
$
1,605

Liabilities
 
 
 
 
 
 
 
 
 
Accounts payable and other
$
11

 
$
173

 
$
9

 
$
193

 
$
212

Non-recourse borrowings of managed entities
259

 
360

 

 
619

 
1,212

Liabilities associated with assets classified as held for sale
$
270

 
$
533

 
$
9

 
$
812

 
$
1,424


As at December 31, 2018, assets held for sale within the company’s Real Estate segment include ten office assets in the U.S., three office assets in Brazil, two triple-net lease assets in the U.S. and an equity accounted investment within the LP Investments portfolio. Within our Renewable Power segment, we are currently holding for sale portfolios of wind and solar assets in South Africa, Thailand and Malaysia.
During the year, the company sold certain assets and subsidiaries, including our Chilean electricity transmission business for proceeds of $1.3 billion, a core office property in Toronto for proceeds of $660 million, a portfolio of self-storage properties for proceeds of $1.3 billion and a U.S. logistics portfolio for proceeds of $3.4 billion.