PROPERTY, PLANT AND EQUIPMENT

6 Months Ended

Jun. 30, 2024

Property, plant and equipment [abstract]

The company’s property, plant and equipment relates to the operating segments as shown below:


AS AT AND FOR THE SIX MONTHS ENDED JUN. 30, 2024 (MILLIONS)	Renewable Power and Transition		Infrastructure		Private Equity		Real Estate (Core and Transitional & Development)2		Real Estate (LP Investments) and Other2		Total
Balance, beginning of period	$	66,351	$	48,546	$	15,835	$	345	$	16,540	$	147,617
Additions	1,623		1,921		1,606		20		385		5,555
Acquisitions through business combinations	—		2,444		30		—		4		2,478
Dispositions and assets reclassified as held for sale	(573)		(599)		(574)		(3)		(664)		(2,413)
Depreciation expense	(1,038)		(1,409)		(836)		(21)		(347)		(3,651)
Foreign currency translation and other	(2,191)		(585)		(510)		(8)		(164)		(3,458)
Total change	(2,179)		1,772		(284)		(12)		(786)		(1,489)
Balance, end of period1	$	64,172	$	50,318	$	15,551	$	333	$	15,754	$	146,128

1.Our ROU PP&E assets include $718 million (December 31, 2023 – $757 million) in our Renewable Power and Transition segment, $4.5 billion (December 31, 2023 – $3.6 billion) in our Infrastructure segment, $1.3 billion (December 31, 2023 – $1.3 billion) in our Private Equity segment, $86 million (December 31, 2023 – $86 million) in our core and transitional and development investments within our Real Estate segment and $1.0 billion (December 31, 2023 – $1.1 billion) within our Asset Management segment totaling $7.6 billion (December 31, 2023 – $6.8 billion) of ROU assets.