HELD FOR SALE

6 Months Ended

Jun. 30, 2022

Non-current assets or disposal groups classified as held for sale or as held for distribution to owners [abstract]

The following is a summary of the assets and liabilities classified as held for sale:


AS AT JUN. 30, 2022 (MILLIONS)	Real Estate		Infrastructure		Private Equity		Total
Assets
Cash and cash equivalents	$	174	$	30	$	—	$	204
Accounts receivable and other	102		80		2		184
Equity accounted investments	78		140		—		218
Investment properties	8,215		—		—		8,215
Property, plant and equipment	433		3		70		506

Other long-term assets	207		624		—		831
Deferred income tax assets	31		—		—		31
Assets classified as held for sale	$	9,240	$	877	$	72	$	10,189
Liabilities
Accounts payable and other	$	355	$	67	$	41	$	463
Non-recourse borrowings of managed entities	—		436		—		436


Deferred income tax liabilities	651		6		—		657

Liabilities associated with assets classified as held for sale	$	1,006	$	509	$	41	$	1,556

As at June 30, 2022, assets held for sale within our Real Estate segment include eight malls in the U.S., five hospitality assets in the U.S., four office assets in the U.S., a portfolio of student housing assets in the U.K., a mixed-use asset in South Korea, and a multifamily asset in the U.S.

For the six months ended June 30, 2022, we disposed of $7.9 billion and $3.2 billion of assets and liabilities, respectively. The majority of disposals relate to the sales of a triple-net lease portfolio, a hospitality portfolio and four malls in the U.S., and an office asset in the U.K. within our Real Estate segment