MANAGEMENT OF RISKS ARISING FROM HOLDING FINANCIAL INSTRUMENTS (Tables)

12 Months Ended

Dec. 31, 2021

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, 2021 and 2020.

	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 borrowings1	$	—	$	1,138	$	2,566	$	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 expense2
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 Obligations3	1,156		2,389		1,615		13,550		18,710

1.Payments due in the 4 to 5 year period include $912 million of commercial paper and credit facility draws outstanding 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.

	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.