FAIR VALUE CHANGES

12 Months Ended

Dec. 31, 2020

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)	2020		2019
Investment properties	$	(269)	$	1,710
Transaction related expenses, net of gains	20		(895)
Financial contracts	686		(140)
Impairment and provisions	(808)		(825)
Other fair value changes	(1,052)		(681)
	$	(1,423)	$	(831)