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SEGMENTED INFORMATION (Tables)
 12 Months Ended
Dec. 31, 2022
Disclosure of operating segments [abstract]  
Disclosure of entity's operating segments Reportable Segment Measures
AS AT AND FOR THE YEAR ENDED DEC. 31, 2022 (MILLIONS)Asset
Management		Renewable
Power and Transition		InfrastructurePrivate
Equity		Real EstateCorporate
Activities		Total
Segments		Note
External revenues$653 $5,198 $14,724 $58,225 $13,803 $166 $92,769 
Inter-segment and other revenues1
4,289 — 4 207 32 (41)4,491 i
Segmented revenues4,942 5,198 14,728 58,432 13,835 125 97,260 
FFO from equity accounted investments1
346 271 1,893 567 958 418 4,453 ii
Interest expense— (1,127)(1,895)(2,702)(4,460)(518)(10,702)iii
Current income taxes(98)(148)(481)(473)(74)(4)(1,278)iv
FFO1
2,518 401 640 1,026 1,744 (35)6,294 v
Common equity6,884 5,274 2,784 4,486 31,868 (11,688)39,608 
Equity accounted investments4,664 2,261 11,844 3,574 22,264 2,487 47,094 
Additions to non-current assets2
193 6,710 6,604 24,418 27,096 1,021 66,042 
1.We equity account for our investment in Oaktree and include our share of the FFO at our ownership of 64%. For segment reporting, Oaktree’s revenue is shown on a 100% basis. For the year ended December 31, 2022, $1.5 billion of Oaktree’s revenue was included in our Asset Management segment revenue.
2.Includes additions to equity accounted investments, investment properties, PP&E, intangible assets and goodwill.
AS AT AND FOR THE YEAR ENDED DEC. 31, 2021 (MILLIONS)Asset
Management		Renewable
Power and Transition		InfrastructurePrivate
Equity		Real EstateCorporate
Activities		Total
Segments		Note
External revenues$306 $4,580 $11,941 $46,452 $12,283 $169 $75,731 
Inter-segment and other revenues1
4,930 — 6 431 32 (18)5,381 i
Segmented revenues5,236 4,580 11,947 46,883 12,315 151 81,112 
FFO from equity accounted investments1
558 187 1,697 459 842 63 3,806 ii
Interest expense— (892)(1,502)(1,515)(3,281)(414)(7,604)iii
Current income taxes(58)(43)(402)(542)(89)20 (1,114)iv
FFO1
2,524 1,044 797 2,031 1,442 (280)7,558 v
Common equity4,905 5,264 3,022 3,996 33,965 (8,942)42,210 
Equity accounted investments
4,496 1,801 9,569 2,992 25,186 2,056 46,100 
Additions to non-current assets2
— 5,001 18,248 14,169 22,081 1,332 60,831 
1.We equity account for our investment in Oaktree and include our share of the FFO at 62%. For segment reporting, Oaktree’s revenue is shown on a 100% basis. For the year ended December 31, 2021, $2.3 billion of Oaktree’s revenue was included in our Asset Management segment revenue.
2.Includes additions to equity accounted investments, investment properties, PP&E, 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:
FOR THE YEARS ENDED DEC. 31 (MILLIONS)20222021
Consolidated equity accounted income$2,613 $2,451 
Non-FFO items from equity accounted investments1
1,840 1,355 
FFO from equity accounted investments$4,453 $3,806 
1.Adjustment to back out non-FFO expenses (income) that are included in consolidated equity accounted income including depreciation and amortization, deferred taxes and fair value changes from equity accounted investments.
Schedule of components of income tax expense The following table reconciles consolidated income taxes to current and deferred income taxes:
FOR THE YEARS ENDED DEC. 31 (MILLIONS)20222021
Current income tax expense$(1,278)$(1,114)
Deferred income tax expense(191)(1,210)
Income tax expense$(1,469)$(2,324)
The major components of income tax expense for the years ended December 31, 2022 and 2021 are set out below:
FOR THE YEARS ENDED DEC. 31 (MILLIONS)20222021
Current income tax expense$1,278 $1,114 
Deferred income tax expense / (recovery)
Origination and reversal of temporary differences690 1,044 
Recovery arising from previously unrecognized tax assets(447)(251)
Change of tax rates and new legislation(52)417 
Total deferred income tax expense191 1,210 
Income tax expense$1,469 $2,324 
Summary of reconciliation of FFO to net income
The following table reconciles net income to total FFO:
FOR THE YEARS ENDED DEC. 31 (MILLIONS)Note20222021
Net income$5,195 $12,388 
Financial statement components not included in FFO
Equity accounted fair value changes and other non-FFO items1,840 1,355 
Fair value changes977 (5,151)
Depreciation and amortization7,683 6,437 
Deferred income taxes191 1,210 
Realized disposition gains in fair value changes or equityvi903 2,861 
Non-controlling interests in FFO(10,495)(11,542)
Total FFO$6,294 $7,558 
Summary of financial information by geographic regions
The company’s revenues by location of operations are as follows:
FOR THE YEARS ENDED DEC. 31 (MILLIONS)20222021
U.S.$24,724 $19,694 
Canada10,752 7,548 
U.K.25,090 21,497 
Australia6,041 5,892 
Brazil5,294 3,730 
India2,743 2,520 
Germany1,909 1,567 
Colombia2,135 1,890 
Other Europe9,084 6,924 
Other Asia3,042 2,708 
Other1,955 1,761 
$92,769 $75,731 
The company’s consolidated assets by location are as follows:
AS AT DEC. 31 (MILLIONS)20222021
U.S.$206,714 $172,952 
Canada50,894 52,989 
U.K.31,940 36,740 
Australia27,068 20,767 
Brazil25,500 22,052 
India19,521 20,935 
Germany12,262 7,663 
Colombia10,567 11,065 
Other Europe31,713 24,402 
Other Asia14,655 12,866 
Other10,450 8,572 
$441,284 $391,003