ORGANIZATION AND CAPITAL MANAGEMENT (Tables)

6 Months Ended

Jun. 30, 2022

Management Commentary Explanatory [Abstract]

Summary of the Corporation's Capital [Table]

As at June 30, 2022, the Corporation’s Capital totaled $58.1 billion (December 31, 2021 – $57.5 billion), and is computed as follows:

AS AT JUN. 30, 2022 AND DEC. 31, 2021 (MILLIONS)	2022		2021
Cash and cash equivalents	$	1,606	$	1,197
Other financial assets	6,353		3,430
Common equity in managed investments	45,069		46,248
Other assets and liabilities of the Corporation	5,053		6,585
Corporation’s Capital	$	58,081	$	57,460
Corporation’s Capital is comprised of the following:
Common equity	$	41,652	$	42,210
Preferred shares	4,145		4,145
Non-controlling interest	230		230
Corporate borrowings	12,054		10,875
	$	58,081	$	57,460

Reconciliation of the Corporation's Capital [Table]

A reconciliation of the Corporation’s Capital to the company’s consolidated balance sheet as at June 30, 2022 is as follows:

AS AT JUN. 30, 2022 (MILLIONS)	The Corporation		Managed Investments		Elimination1		Total Consolidated
Cash and cash equivalents	$	1,606	$	10,599	$	—	$	12,205
Other financial assets	6,353		16,749		—		23,102
Accounts receivable and other1	1,494		25,175		(106)		26,563
Inventory	2		12,868		—		12,870
Assets classified as held for sale	—		10,189		—		10,189
Equity accounted investments	6,554		38,694		—		45,248
Investment properties	25		106,927		—		106,952
Property, plant and equipment	224		113,995		—		114,219
Intangible assets	208		34,542		—		34,750
Goodwill	355		21,749		—		22,104
Deferred income tax assets	2,028		1,636		—		3,664
Accounts payable and other1	(4,991)		(46,249)		106		(51,134)
Liabilities associated with assets classified as held for sale	—		(1,556)		—		(1,556)
Deferred income tax liabilities	(399)		(20,338)		—		(20,737)
Subsidiary equity obligations	(447)		(4,341)		—		(4,788)
Total	13,012		320,639		—		333,651
Common equity in managed investments2	45,069		—		(45,069)		—
Corporation’s Capital	58,081		320,639		(45,069)		333,651
Less:
Corporate borrowings	12,054		—		—		12,054
Non-recourse borrowings of managed entities	—		187,585		—		187,585
Amounts attributable to preferred equity	4,145		—		—		4,145
Amounts attributable to non-controlling interests	230		87,985		—		88,215
Common equity	$	41,652	$	45,069	$	(45,069)	$	41,652

1.Contains the gross up of intercompany balances, including accounts receivable and other, and accounts payable and other of $106 million and $106 million, respectively, between entities within the Corporation and its managed investments.

2.Represents the value of the Corporation’s managed investments.

A reconciliation of the Corporation’s Capital to the company’s consolidated balance sheet as at December 31, 2021 is as follows:

AS AT DEC. 31, 2021 (MILLIONS)	The Corporation		Managed Investments		Elimination1		Total Consolidated
Cash and cash equivalents	$	1,197	$	11,497	$	—	$	12,694
Other financial assets	3,430		13,116		—		16,546
Accounts receivable and other1	2,697		19,694		(631)		21,760
Inventory	2		11,413		—		11,415
Assets classified as held for sale	—		11,958		—		11,958
Equity accounted investments	6,553		39,547		—		46,100
Investment properties	16		100,849		—		100,865
Property, plant and equipment	215		115,274		—		115,489
Intangible assets	215		30,394		—		30,609
Goodwill	361		19,866		—		20,227
Deferred income tax assets	2,064		1,276		—		3,340
Accounts payable and other1	(5,104)		(48,073)		631		(52,546)
Liabilities associated with assets classified as held for sale	—		(3,148)		—		(3,148)
Deferred income tax liabilities	(299)		(20,029)		—		(20,328)
Subsidiary equity obligations	(135)		(4,173)		—		(4,308)
Total	11,212		299,461		—		310,673
Common equity in managed investments2	46,248		—		(46,248)		—
Corporation’s Capital	57,460		299,461		(46,248)		310,673
Less:
Corporate borrowings	10,875		—		—		10,875
Non-recourse borrowings of managed entities	—		165,057		—		165,057
Amounts attributable to preferred equity	4,145		—		—		4,145
Amounts attributable to non-controlling interests	230		88,156		—		88,386
Common equity	$	42,210	$	46,248	$	(46,248)	$	42,210

1.Contains the gross up of intercompany balances, including accounts receivable and other, and accounts payable and other of $631 million and $631 million, respectively, between entities within the Corporation and its managed investments.

2.Represents the value of the Corporation’s managed investments