ORGANIZATION AND CAPITAL MANAGEMENT (Tables)

12 Months Ended

Dec. 31, 2022

Management Commentary Explanatory [Abstract]

Summary of the Corporation's Capital [Table]

As at December 31, 2022, the Corporation’s Capital totaled $57.8 billion (December 31, 2021 – $57.5 billion), and is computed as follows:

AS AT DEC.31 (MILLIONS)	2022		2021
Cash and cash equivalents	$	1,564	$	1,197
Other financial assets	6,959		3,430
Common equity in managed investments	44,413		46,248
Other assets and liabilities of the Corporation	4,895		6,585
Corporation’s Capital	$	57,831	$	57,460
Corporation’s Capital is comprised of the following:
Common equity	$	39,608	$	42,210
Preferred equity	4,145		4,145
Non-controlling interest	2,688		230
Corporate borrowings	11,390		10,875
	$	57,831	$	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 December 31, 2022 is as follows:

AS AT DEC. 31, 2022 (MILLIONS)	The Corporation		Managed Investments		Elimination1		Total Consolidated
Cash and cash equivalents	$	1,564	$	12,832	$	—	$	14,396
Other financial assets	6,959		19,940		—		26,899
Accounts receivable and other1	3,317		24,310		(249)		27,378
Inventory	2		12,841		—		12,843
Assets classified as held for sale	—		2,830		—		2,830
Equity accounted investments	7,151		39,943		—		47,094
Investment properties	27		115,073		—		115,100
Property, plant and equipment	214		124,054		—		124,268
Intangible assets	206		38,205		—		38,411
Goodwill	354		28,308		—		28,662
Deferred income tax assets	1,769		1,634		—		3,403
Accounts payable and other1	(7,123)		(50,191)		249		(57,065)
Liabilities associated with assets classified as held for sale	—		(876)		—		(876)
Deferred income tax liabilities	(581)		(22,609)		—		(23,190)
Subsidiary equity obligations	(441)		(3,747)		—		(4,188)
Total	13,418		342,547		—		355,965
Common equity in managed investments2	44,413		—		(44,413)		—
Corporation’s Capital	57,831		342,547		(44,413)		355,965
Less:
Corporate borrowings	11,390		—		—		11,390
Non-recourse borrowings of managed entities	—		202,684		—		202,684
Amounts attributable to preferred equity	4,145		—		—		4,145
Amounts attributable to non-controlling interests	2,688		95,450		—		98,138
Common equity	$	39,608	$	44,413	$	(44,413)	$	39,608

1.Contains the gross up of intercompany balances, including accounts receivable and other, and accounts payable and other of $249 million and $249 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