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SEGMENTED INFORMATION (Tables)
 6 Months Ended
Jun. 30, 2022
Disclosure of operating segments [abstract]  
Disclosure of entity's operating segments Reportable Segment Measures
AS AT AND FOR THE THREE MONTHS ENDED JUN. 30, 2022 (MILLIONS)Asset
Management		Corporate
Activities		Renewable
Power and Transition		InfrastructurePrivate
Equity		Real EstateResidential
Development		Total
Segments		Note
External revenues$135 $64 $1,340 $3,759 $14,642 $2,757 $559 $23,256 
Inter-segment and other revenues1
957 (71)— 2 56 8 — 952 i
Segmented revenues1,092 (7)1,340 3,761 14,698 2,765 559 24,208 
FFO from equity accounted investments1
87 49 38 463 161 227 74 1,099 ii
Interest expense— (126)(275)(476)(574)(932)(22)(2,405)iii
Current income taxes— (24)(31)(183)(76)(5)(11)(330)iv
FFO1
573 (128)122 245 264 223 100 1,399 v
Common equity4,754 (8,171)5,049 2,781 3,620 31,542 2,077 41,652 
Equity accounted investments
4,351 2,202 2,062 10,298 3,341 22,584 410 45,248 
Additions to non-current assets2
— 706 845 1,639 9,224 5,704 38 18,156 
1.We equity account for our investment in Oaktree and include our share of the FFO and FFO from equity accounted investments at 64%. However, for segment reporting, Oaktree’s revenue is shown on a 100% basis. For the three months ended June 30, 2022, $347 million of Oaktree’s revenues was included in our Asset Management segment revenue.
2.Includes additions to equity accounted investments, investment properties, property, plant and equipment, sustainable resources, intangible assets and goodwill.
AS AT DEC. 31, 2021
AND FOR THE THREE MONTHS ENDED JUN. 30, 2021 (MILLIONS)		Asset
Management		Corporate
Activities		Renewable
Power and Transition		InfrastructurePrivate
Equity		Real EstateResidential
Development		Total
Segments		Note
External revenues$91 $94 $1,279 $2,853 $11,134 $2,226 $609 $18,286 
Inter-segment and other revenues1
1,134 (6)— 3 128 8 — 1,267 i
Segmented revenues1,225 88 1,279 2,856 11,262 2,234 609 19,553 
FFO from equity accounted investments1
74 8 52 401 86 182 13 816 ii
Interest expense— (100)(223)(372)(362)(757)(17)(1,831)iii
Current income taxes— (10)(22)(93)(119)— (2)(246)iv
FFO1
688 (61)88 317 337 189 42 1,600 v
Common equity4,905 (8,942)5,264 3,022 3,565 32,004 2,392 42,210 
Equity accounted investments
4,496 2,056 1,801 9,569 2,945 24,829 404 46,100 
Additions to non-current assets2
— 797 300 514 410 6,462 67 8,550 
1.We equity account for our investment in Oaktree and include our share of the FFO and FFO from equity accounted investments at 62%. However, for segment reporting, Oaktree’s revenue is shown on a 100% basis. For the three months ended June 30, 2021, $376 million of Oaktree’s revenues was included in our Asset Management segment revenue.
2.Includes additions to equity accounted investments, investment properties, property, plant and equipment, sustainable resources, intangible assets and goodwill.
FOR THE SIX MONTHS ENDED JUN. 30, 2022 (MILLIONS)Asset
Management		Corporate
Activities		Renewable
Power and Transition		InfrastructurePrivate
Equity		Real EstateResidential
Development		Total
Segments		Note
External revenues$240 $102 $2,586 $7,245 $28,066 $5,744 $1,155 $45,138 
Inter-segment and other revenues1
2,120 (70)— 3 128 15 — 2,196 i
Segmented revenues2,360 32 2,586 7,248 28,194 5,759 1,155 47,334 
FFO from equity accounted investments1
212 72 136 923 290 452 83 2,168 ii
Interest expense— (243)(524)(894)(1,039)(1,801)(42)(4,543)iii
Current income taxes— (47)(73)(307)(155)(12)(19)(613)iv
FFO1
1,202 (234)192 360 483 821 172 2,996 v
Additions to non-current assets2
— 855 2,257 2,989 9,904 13,540 113 29,658 
1.We equity account for our investment in Oaktree and include our share of the FFO and FFO from equity accounted investments at 64%. However, for segment reporting, Oaktree’s revenue is shown on a 100% basis. For the six months ended June 30, 2022, $851 million of Oaktree’s revenues was included in our Asset Management segment revenue.
2.Includes additions to equity accounted investments, investment properties, property, plant and equipment, sustainable resources, intangible assets and goodwill.
FOR THE SIX MONTHS ENDED JUN. 30, 2021 (MILLIONS)Asset
Management		Corporate
Activities		Renewable
Power and Transition		InfrastructurePrivate
Equity		Real EstateResidential
Development		Total
Segments		Note
External revenues$168 $180 $2,368 $5,616 $20,846 $4,320 $1,198 $34,696 
Inter-segment and other revenues1
2,539 (7)— 4 283 16 — 2,835 i
Segmented revenues2,707 173 2,368 5,620 21,129 4,336 1,198 37,531 
FFO from equity accounted investments1
311 23 77 828 173 335 25 1,772 ii
Interest expense— (208)(436)(734)(725)(1,524)(34)(3,661)iii
Current income taxes— (24)(38)(190)(312)(32)(5)(601)iv
FFO1
1,324 (94)911 447 1,329 439 65 4,421 v
Additions to non-current assets2
— 860 3,248 1,342 2,461 9,652 77 17,640 
1.We equity account for our investment in Oaktree and include our share of the FFO and FFO from equity accounted investments at 62%. However, for segment reporting, Oaktree’s revenue is shown on a 100% basis. For the six months ended June 30, 2021, $1.3 billion of Oaktree’s revenues was included in our Asset Management segment revenue.
2.Includes additions to equity accounted investments, investment properties, property, plant and equipment, sustainable resources, intangible assets and goodwill.
Summary of reconciliation of FFO from equity accounted investments The following table reconciles the company’s consolidated equity accounted income to FFO from equity accounted investments:
 Three Months EndedSix Months Ended
FOR THE PERIODS ENDED JUN. 30 (MILLIONS)2022202120222021
Consolidated equity accounted income$564 $488 $1,407 $1,156 
Non-FFO items from equity accounted investments1
535 328 761 616 
FFO from equity accounted investments$1,099 $816 $2,168 $1,772 
1.Adjustment to back out non-FFO expenses (income) that are included in consolidated equity accounted income including depreciation and amortization, deferred taxes and fair value changes from equity accounted investments.
Schedule of components of income tax expense The following table reconciles consolidated income taxes to current and deferred income taxes:
Three Months EndedSix Months Ended
FOR THE PERIODS ENDED JUN. 30 (MILLIONS)2022202120222021
Current income tax expense$(330)$(246)$(613)$(601)
Deferred income tax recovery (expense)189 (301)(236)(490)
Income tax expense$(141)$(547)$(849)$(1,091)
Summary of reconciliation of FFO to net income
The following table reconciles net income to total FFO:
Three Months EndedSix Months Ended
FOR THE PERIODS ENDED JUN. 30 (MILLIONS)Note2022202120222021
Net income$1,475 $2,429 $4,435 $6,205 
Financial statement components not included in FFO
Equity accounted fair value changes and other non-FFO items535 328 761 616 
Fair value changes397 (377)(1,383)(2,471)
Depreciation and amortization1,886 1,571 3,697 3,081 
Deferred income taxes(189)301 236 490 
Realized disposition gains in fair value changes or equityvi152 488 520 2,212 
Non-controlling interests in FFO(2,857)(3,140)(5,270)(5,712)
Total FFO$1,399 $1,600 $2,996 $4,421 
Summary of financial information by geographic regions
The company’s revenues by location of operations are as follows:
 Three Months EndedSix Months Ended
FOR THE PERIODS ENDED JUN. 30 (MILLIONS)2022202120222021
U.S.$5,441 $4,294 $11,015 $9,023 
Canada2,903 1,793 5,433 3,289 
U.K.6,877 5,385 12,862 9,532 
Brazil1,341 934 2,553 1,699 
Europe2,740 2,162 5,521 3,902 
Australia1,538 1,547 2,999 2,922 
India697 615 1,375 1,202 
Colombia527 467 1,064 928 
Other Asia 689 626 1,411 1,307 
Other503 463 905 892 
$23,256 $18,286 $45,138 $34,696 
The company’s consolidated assets by location are as follows:
AS AT JUN. 30, 2022 AND DEC. 31, 2021 (MILLIONS)20222021
U.S.$178,847 $172,952 
Canada54,683 52,989 
U.K.37,963 36,740 
Brazil23,947 22,052 
Europe37,644 32,065 
Australia27,446 20,767 
India20,296 20,935 
Colombia10,701 11,065 
Other Asia 12,562 12,866 
Other7,777 8,572 
$411,866 $391,003