MANAGEMENT OF RISKS ARISING FROM HOLDING FINANCIAL INSTRUMENTS (Tables)

12 Months Ended

Dec. 31, 2022

Disclosure of detailed information about financial instruments [abstract]

Disclosure of maturity analysis for financial liabilities

The following tables present the contractual maturities of the company’s financial liabilities as at December 31, 2022 and 2021.

	Payments Due by Period
AS AT DEC. 31, 2022 (MILLIONS)	<1 Year		1 to 3 Years		4 to 5 Years		After 5 Years		Total
Principal repayments
Corporate borrowings1	$	—	$	1,608	$	1,486	$	8,296	$	11,390
Non-recourse borrowings of managed entities	42,883		58,726		44,119		56,956		202,684
Subsidiary equity obligations	1,187		746		553		1,702		4,188
Interest expense2
Corporate borrowings	484		863		728		3,916		5,991
Non-recourse borrowings	10,597		16,016		11,432		18,320		56,365
Subsidiary equity obligations	152		273		182		563		1,170
Lease obligations3	1,186		1,855		1,540		13,192		17,773

1.As at December 31, 2022, there was no commercial paper outstanding or draws on the revolving credit facilities.

2.Represents the aggregated interest expense expected to be paid over the term of the obligations. Variable interest rate payments have been calculated based on current rates.

3.The lease obligations as disclosed in the table above include leases that are classified as finance leases, short-term leases, low-value leases and variable lease payments not based on an index or rate, which are immaterial.

	Payments Due by Period
AS AT DEC. 31, 2021 (MILLIONS)	<1 Year		1 to 3 Years		4 to 5 Years		After 5 Years		Total
Principal repayments
Corporate borrowings1	$	462	$	1,138	$	2,104	$	7,171	$	10,875
Non-recourse borrowings of managed entities	31,683		45,186		41,918		46,270		165,057
Subsidiary equity obligations	546		1,563		544		1,655		4,308
Interest expense2
Corporate borrowings	420		802		659		3,652		5,533
Non-recourse borrowings	5,918		10,130		6,832		11,958		34,838
Subsidiary equity obligations	162		300		228		33		723
Lease obligations3	1,156		2,389		1,615		13,550		18,710

1.Payments due in less than 1 year represents $462 million of outstanding commercial paper as at December 31, 2021.

2.Represents the aggregated interest expense expected to be paid over the term of the obligations. Variable interest rate payments have been calculated based on current rates.

3.The lease obligations as disclosed in the table above include leases that are classified as finance leases, short-term leases, low-value leases and variable lease payments not based on an index or rate, which are immaterial.