ORGANIZATION AND CAPITAL MANAGEMENT (Tables)

6 Months Ended

Jun. 30, 2023

Management Commentary Explanatory [Abstract]

Summary of the Corporation's Capital [Table]

As at June 30, 2023, the Corporation’s capital totaled $58.4 billion (December 31, 2022 – $55.4 billion), and is computed as follows:

AS AT JUN. 30, 2023 AND DEC. 31, 2022 (MILLIONS)	2023		2022
Cash and cash equivalents	$	1,222	$	1,282
Other financial assets	6,989		6,870
Common equity in managed investments	50,985		49,391
Other assets and liabilities of the Corporation	(747)		(2,170)
Corporation’s Capital	$	58,449	$	55,373
Corporation’s Capital is comprised of the following:
Common equity	$	40,498	$	39,608
Preferred equity	4,103		4,145
Non-controlling interest	230		230
Corporate borrowings	13,618		11,390
	$	58,449	$	55,373

Reconciliation of the Corporation's Capital [Table]

A reconciliation of the Corporation’s capital to the company’s consolidated balance sheet as at June 30, 2023 is as follows:

AS AT JUN. 30, 2023 (MILLIONS)	The Corporation		Investments		Elimination1		Total Consolidated
Cash and cash equivalents	$	1,222	$	11,205	$	—	$	12,427
Other financial assets	6,989		22,477		—		29,466
Accounts receivable and other1	2,127		26,951		(15)		29,063
Inventory	—		13,006		—		13,006
Assets classified as held for sale	—		2,684		—		2,684
Equity accounted investments	2,138		50,003		—		52,141
Investment properties	25		119,755		—		119,780
Property, plant and equipment	151		127,311		—		127,462
Intangible assets	82		41,135		—		41,217
Goodwill	—		32,329		—		32,329
Deferred income tax assets	573		2,986		—		3,559
Accounts payable and other1	(5,279)		(52,713)		15		(57,977)
Liabilities associated with assets classified as held for sale	—		(1,489)		—		(1,489)
Deferred income tax liabilities	(122)		(24,211)		—		(24,333)
Subsidiary equity obligations	(442)		(3,607)		—		(4,049)
Total	7,464		367,822		—		375,286
Common equity in investments2	50,985		—		(50,985)		—
Corporation’s Capital	58,449		367,822		(50,985)		375,286
Less:
Corporate borrowings	13,618		—		—		13,618
Non-recourse borrowings of managed entities	—		206,085		—		206,085
Amounts attributable to preferred equity	4,103		—		—		4,103
Amounts attributable to non-controlling interests	230		110,752		—		110,982
Common equity	$	40,498	$	50,985	$	(50,985)	$	40,498

1.Contains the gross up of intercompany balances, including accounts receivable and other, and accounts payable and other of $15 million and $15 million, respectively, between entities within the Corporation and its investments.

2.Represents the value of the Corporation’s investments.

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		Investments		Elimination1		Total Consolidated
Cash and cash equivalents	$	1,282	$	13,114	$	—	$	14,396
Other financial assets	6,870		20,029		—		26,899
Accounts receivable and other1	2,196		25,431		(249)		27,378
Inventory	2		12,841		—		12,843
Assets classified as held for sale	—		2,830		—		2,830
Equity accounted investments	1,460		45,634		—		47,094
Investment properties	27		115,073		—		115,100
Property, plant and equipment	146		124,122		—		124,268
Intangible assets	81		38,330		—		38,411
Goodwill	—		28,662		—		28,662
Deferred income tax assets	475		2,928		—		3,403
Accounts payable and other1	(6,004)		(51,310)		249		(57,065)
Liabilities associated with assets classified as held for sale	—		(876)		—		(876)
Deferred income tax liabilities	(112)		(23,078)		—		(23,190)
Subsidiary equity obligations	(441)		(3,747)		—		(4,188)
Total	5,982		349,983		—		355,965
Common equity in investments2	49,391		—		(49,391)		—
Corporation’s Capital	55,373		349,983		(49,391)		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	230		97,908		—		98,138
Common equity	$	39,608	$	49,391	$	(49,391)	$	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 investments.

2.Represents the value of the Corporation’s investments