MANAGEMENT OF RISKS ARISING FROM HOLDING FINANCIAL INSTRUMENTS (Tables)

12 Months Ended

Dec. 31, 2020

Disclosure of detailed information about financial instruments [abstract]

Disclosure of maturity analysis for financial liabilities

The following tables present the contractual maturities of the company’s financial liabilities at December 31, 2020 and 2019.

	Payments Due by Period
AS AT DEC. 31, 2020 (MILLIONS)	<1 Year		1 to 3 Years		4 to 5 Years		After 5 Years		Total
Principal repayments
Corporate borrowings	$	—	$	467	$	1,630	$	6,980	$	9,077
Non-recourse borrowings of managed entities	21,108		29,399		40,049		48,768		139,324
Subsidiary equity obligations	799		1,147		800		953		3,699
Interest expense1
Corporate borrowings	405		793		659		3,593		5,450
Non-recourse borrowings	5,145		8,788		6,310		8,313		28,556
Subsidiary equity obligations	147		213		171		44		575
Lease obligations2	815		1,682		1,123		11,755		15,375

1.Represents the aggregated interest expense expected to be paid over the term of the obligations. Variable interest rate payments have been calculated based on current rates.

2.The lease obligations as disclosed in the table above include leases that are classified as finance leases, short-term leases, low-value leases and variable lease payments not based on an index or rate, which are immaterial.

	Payments Due by Period
AS AT DEC. 31, 2019 (MILLIONS)	<1 Year		1 to 3 Years		4 to 5 Years		After 5 Years		Total
Principal repayments
Corporate borrowings	$	—	$	269	$	1,597	$	5,217	$	7,083
Non-recourse borrowings of managed entities	15,563		28,396		34,602		57,731		136,292
Subsidiary equity obligations	188		1,677		745		1,522		4,132
Interest expense1
Corporate borrowings	327		629		551		1,714		3,221
Non-recourse borrowings	5,210		8,524		6,641		7,749		28,124
Subsidiary equity obligations	151		261		212		107		731
Lease obligations2	766		1,171		992		11,064		13,993

1.Represents the aggregated interest expense expected to be paid over the term of the obligations. Variable interest rate payments have been calculated based on current rates.

2.The lease obligations as disclosed in the table above include leases that are classified as finance leases, short-term leases, low-value leases and variable lease payments not based on an index or rate, which are immaterial.