EQUITY ACCOUNTED INVESTMENTS (Tables)

12 Months Ended

Dec. 31, 2022

Investments in subsidiaries, joint ventures and associates reported in separate financial statements [abstract]

The following table presents the change in the balance of investments in associates and joint ventures:


AS AT AND FOR THE YEARS ENDED DEC. 31 (MILLIONS)	Oaktree		Real Estate		Infrastructure		Private Equity		Renewable Power and Other		2022 Total		2021 Total
Balance, beginning of year	$	5,596	$	25,186	$	9,569	$	2,992	$	2,757	$	46,100	$	41,327
Additions, net of disposals1	446		(3,063)		2,602		74		1,225		1,284		4,013
Acquisitions through business combinations	—		222		—		461		(1)		682		72
Share of comprehensive income (loss)	235		1,492		894		232		(388)		2,465		3,387
Distributions received	(350)		(550)		(1,178)		(170)		(86)		(2,334)		(1,758)
Return of capital	—		(430)		—		(2)		—		(432)		(273)
Foreign currency translation and other	—		(593)		(43)		(13)		(22)		(671)		(668)
Balance, end of year	$	5,927	$	22,264	$	11,844	$	3,574	$	3,485	$	47,094	$	46,100

1.Includes assets sold and amounts reclassified to held for sale.

Schedule of fair value of equity accounted investments

The following table presents total revenues, net income and other comprehensive income (“OCI”) of the company’s investments in associates and joint ventures:


	2022						2021
FOR THE YEARS ENDED DEC. 31 (MILLIONS)	Revenue		Net Income		OCI		Revenue		Net Income		OCI
Oaktree	$	1,489	$	579	$	15	$	2,308	$	1,355	$	7

Real Estate
Associates

Transitional and Development	(12)		128		—		—		—		—
LP Investments and other	230		(6)		69		84		(133)		949
Joint ventures
Core	1,192		1,234		143		1,917		1,404		100
Transitional and Development	3,468		718		94		2,602		1,215		—
LP Investments and other	1,362		350		312		1,114		457		321

Infrastructure
Associates
Utilities	1,306		32		(112)		1,336		521		28
Transport	2,561		(132)		307		11,685		1,570		(433)
Data	815		(23)		247		2,460		70		73
Other	173		(349)		600		50		(66)		56
Joint ventures
Utilities	869		183		171		—		—		—
Transport	14,372		1,580		93		123		4		(2)
Midstream	918		220		67		783		137		—
Data	1,571		337		522		—		—		—


Private Equity
Associates

Industrial operations	3,462		456		9		3,082		424		(4)
Other	6,077		320		(28)		5,215		(233)		(113)



Renewable Power and Transition and other
Renewable Power and Transition associates	3,487		359		(583)		2,891		(208)		(15)
Other equity accounted investments	5,100		492		(870)		7,344		(46)		(15)
	$	48,440	$	6,478	$	1,056	$	42,994	$	6,471	$	952