SUBSIDIARY EQUITY OBLIGATIONS (Tables)

12 Months Ended

Dec. 31, 2022

Disclosure of financial liabilities [abstract]

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

Subsidiary equity obligations consist of the following:

AS AT DEC. 31 (MILLIONS)	Note	2022		2021
Subsidiary preferred equity units	(a)	$	1,605	$	1,585
Limited-life funds and redeemable fund units	(b)	1,114		1,538
Subsidiary preferred shares and capital	(c)	1,469		1,185
Total		$	4,188	$	4,308

AS AT DEC. 31 (MILLIONS, EXCEPT PER SHARE INFORMATION)	Shares Outstanding	Cumulative Dividend Rate		Local Currency	2022		2021
Series 2	24,000,000	6.50	%	US$	$	575	$	565
Series 3	24,000,000	6.75	%	US$	556		546
New LP Preferred Units	19,273,654	6.25	%	US$	474		474
Total					$	1,605	$	1,585

As at December 31, 2022 and 2021, the balances consist of the following:

AS AT DEC. 31 (MILLIONS, EXCEPT PER SHARE INFORMATION)	Shares Outstanding	Cumulative Dividend Rate		Local Currency	2022		2021
Brookfield Property Split Corp. (“BOP Split”) senior preferred shares
Series 1	829,334	5.25	%	US$	$	21	$	21
Series 2	555,146	5.75	%	C$	10		11
Series 3	668,228	5.00	%	C$	12		15
Series 4	541,892	5.20	%	C$	10		12
Rouse Series A preferred shares	5,600,000	5.00%		US$	142		142
Brookfield India Real Estate Trust (“BIRET”)	155,003,656	See footnote1		US$	456		440
Alstria Office Prime Portfolio GmbH & Co. KG	19,472,214	n/a		EUR€	129		—
India Infrastructure Investment Trusts	479,400,000	See footnote1		INR	616		471
BIP Investment Corporation Series 1 Senior preferred shares	4,000,000	5.85%		C$	73		73
Total					$	1,469	$	1,185

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