EQUITY ACCOUNTED INVESTMENTS

6 Months Ended

Jun. 30, 2023

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

EQUITY ACCOUNTED INVESTMENTS

EQUITY ACCOUNTED INVESTMENTS

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

AS AT AND FOR THE SIX MONTHS ENDED JUN. 30, 2023 (MILLIONS)
Balance, beginning of period	$	47,094
Additions, net of disposals1	4,645
Share of comprehensive income	867
Distributions received	(808)
Returns of capital	(91)
Foreign currency translation and other	434
Balance, end of period	$	52,141

1.Includes assets sold and amounts reclassified to held for sale, as well as changes in accounting basis.

Additions, net of disposals, of $4.6 billion during the period primarily relate to the acquisition of a German telecommunication towers business within our Infrastructure segment during the first quarter of 2023.