HELD FOR SALE

6 Months Ended

Jun. 30, 2024

Non-current assets or disposal groups classified as held for sale or as held for distribution to owners [abstract]

The following is a summary of the assets and liabilities classified as held for sale:


AS AT JUN. 30, 2024 (MILLIONS)	Renewable Power and Transition		Infrastructure		Private Equity		Real Estate (Core and Transitional & Development)1		Real Estate (LP Investments) and Other1		Total
Assets
Cash and cash equivalents	$	16	$	—	$	3	$	3	$	53	$	75
Accounts receivable and other	7		9		2		69		68		155

Investment properties	—		—		—		1,781		901		2,682
Property, plant and equipment	387		85		103		2		442		1,019
Intangible assets	—		171		—		—		4		175

Other long-term assets	2		5		—		—		—		7
Deferred income tax assets	—		—		3		—		13		16
Assets classified as held for sale	$	412	$	270	$	111	$	1,855	$	1,481	$	4,129
Liabilities
Accounts payable and other	$	96	$	26	$	8	$	75	$	168	$	373
Non-recourse borrowings of managed entities	77		—		—		—		18		95
Deferred income tax liabilities	—		44		—		—		26		70

Liabilities associated with assets classified as held for sale	$	173	$	70	$	8	$	75	$	212	$	538

1.Real Estate core and transitional and development investments are included in our Real Estate segment. Real estate LP investments are included within our Asset Management segment as we include the discretionary capital that we invest directly into and alongside private funds managed by BAM and other investments within this segment.

As at June 30, 2024, assets held for sale primarily include:

•Six office assets, six retail assets, three hospitality assets, one multifamily asset, and one logistics asset in the U.S. and one hospitality asset in South Korea. These assets are held within our Real Estate segment and our real estate LP investments included within our Asset Management segment;

•A 67 MW portfolio of wind assets in the U.K., a 90 MW portfolio of hydroelectric assets in Brazil, and a 6 MW distributed generation asset in the U.S. within our Renewable Power and Transition segment; and

•A data center in the U.S. within our Infrastructure segment.

For the six months ended June 30, 2024, we disposed of $981 million and $133 million of assets and liabilities, respectively, primarily related to the sale of