SUBSIDIARY EQUITY OBLIGATIONS (Tables)

12 Months Ended

Dec. 31, 2021

Disclosure of financial liabilities [abstract]

Disclosure of detailed information about equity interests classified as liabilities [Table Text Block]

Our infrastructure property, plant and equipment consists of the following:

	Utilities				Transport				Midstream				Data				Sustainable Resources and Other				Total
AS AT AND FOR THE YEARS ENDED DEC. 31 (MILLIONS)	2021		2020		2021		2020		2021		2020		2021		2020		2021		2020		2021		2020
Cost, beginning of year	$	9,306	$	8,654	$	8,698	$	8,309	$	4,321	$	3,971	$	8,593	$	1,131	$	294	$	389	$	31,212	$	22,454
Additions, net of disposals and assets reclassified as held for sale	(1,788)		550		312		146		511		277		(103)		51		(294)		(16)		(1,362)		1,008
Acquisitions through business combinations	180		—		134		—		9,865		—		—		7,334		—		—		10,179		7,334
Foreign currency translation	(116)		102		(145)		243		165		73		(166)		77		2		(79)		(260)		416
Cost, end of year	7,582		9,306		8,999		8,698		14,862		4,321		8,324		8,593		2		294		39,769		31,212
Accumulated fair value changes, beginning of year	2,917		2,187		1,047		857		338		317		—		—		324		416		4,626		3,777
Disposition and assets reclassified as held for sale	(1,399)		—		—		—		—		—		—		—		(244)		—		(1,643)		—
Fair value changes	134		652		48		113		70		21		—		—		(80)		6		172		792
Foreign currency translation	(26)		78		(50)		77		—		—		—		—		(2)		(98)		(78)		57
Accumulated fair value changes, end of year	1,626		2,917		1,045		1,047		408		338		—		—		(2)		324		3,077		4,626
Accumulated depreciation, beginning of year	(1,613)		(1,172)		(1,404)		(950)		(356)		(208)		(263)		(88)		(35)		(41)		(3,671)		(2,459)
Depreciation expenses	(352)		(419)		(481)		(498)		(270)		(141)		(419)		(189)		(4)		(10)		(1,526)		(1,257)
Dispositions and assets reclassified as held for sale	682		12		161		134		20		—		45		17		38		7		946		170
Foreign currency translation	11		(34)		56		(90)		(16)		(7)		8		(3)		1		9		60		(125)
Accumulated depreciation, end of year	(1,272)		(1,613)		(1,668)		(1,404)		(622)		(356)		(629)		(263)		—		(35)		(4,191)		(3,671)
Balance, end of year	$	7,936	$	10,610	$	8,376	$	8,341	$	14,648	$	4,303	$	7,695	$	8,330	$	—	$	583	$	38,655	$	32,167

Subsidiary equity obligations consist of the following:

AS AT DEC. 31 (MILLIONS)	Note	2021		2020
Subsidiary preferred equity units	(a)	$	1,585	$	1,679
Limited-life funds and redeemable fund units	(b)	1,538		1,456
Subsidiary preferred shares and capital	(c)	1,185		564
Total		$	4,308	$	3,699

AS AT DEC. 31 (MILLIONS, EXCEPT PER SHARE INFORMATION)	Shares Outstanding	Cumulative Dividend Rate		Local Currency	2021		2020
Series 1	—	6.25	%	US$	$	—	$	586
Series 2	24,000,000	6.50	%	US$	565		555
Series 3	24,000,000	6.75	%	US$	546		538
New LP Preferred Units	19,273,654	6.25	%	US$	474		—
Total					$	1,585	$	1,679

As at December 31, 2021 and 2020, the balances consist of the following:

AS AT DEC. 31 (MILLIONS, EXCEPT PER SHARE INFORMATION)	Shares Outstanding	Cumulative Dividend Rate		Local Currency	2021		2020
Brookfield Property Split Corp. (“BOP Split”) senior preferred shares
Series 1	842,534	5.25	%	US$	$	21	$	21
Series 2	556,746	5.75	%	C$	11		11
Series 3	781,592	5.00	%	C$	15		16
Series 4	582,894	5.20	%	C$	12		12
BSREP II RH B LLC (“Manufactured Housing”) preferred capital	—	9.00%		US$	—		249
Rouse Series A preferred shares	5,600,000	5.00%		US$	142		142
Brookfield India Real Estate Trust (“BIRET”)	138,181,800	See footnote1		US$	440		—
India Infrastructure Investment Trusts	371,800,000	See footnote1		INR	471		—
BSREP II Vintage Estate Partners LLC (“Vintage Estates”) preferred shares	—	5.00%		US$	—		40
BIP Investment Corporation Series 1 Senior preferred shares	4,000,000	5.85%		C$	73		73
Total					$	1,185	$	564

1.The dividend rate pertaining to BIRET and India Infrastructure Investment Trusts is equal to a minimum of 90% of net distributable cash flows.