ACQUISITIONS OF CONSOLIDATED ENTITIES (Tables)

12 Months Ended

Dec. 31, 2024

Disclosure of detailed information about business combination [abstract]

Disclosure of detailed information about business combinations

The following table summarizes the balance sheet impact as a result of business combinations that occurred in the year ended December 31, 2024. The valuations of the assets acquired are still under evaluation and as such the business combinations have been accounted for on a provisional basis:

AS AT DEC. 31, 2024 (MILLIONS)	Renewable Power and Transition		Infrastructure		Private Equity and Other		Total
Cash and cash equivalents	$	553	$	393	$	4	$	950
Accounts receivable and other	443		283		50		776
Other financial assets	345		294		10		649
Assets classified as held for sale	861		270		—		1,131
Property, plant and equipment	7,439		4,141		77		11,657
Intangible assets	—		1,580		52		1,632
Goodwill	3,556		294		49		3,899
Deferred income tax assets	60		—		—		60
Total assets	13,257		7,255		242		20,754
Less:
Accounts payable and other	(1,137)		(2,677)		(41)		(3,855)
Liabilities associated with assets classified as held for sale	(340)		(70)		—		(410)
Non-recourse borrowings	(4,736)		(478)		(14)		(5,228)
Deferred income tax liabilities	(437)		(454)		(10)		(901)
Non-controlling interests1	(3,015)		—		(4)		(3,019)
	(9,665)		(3,679)		(69)		(13,413)
Net assets acquired2	$	3,592	$	3,576	$	173	$	7,341

1.Includes non-controlling interests recognized on business combinations measured as the proportionate share of fair value of the identifiable assets and liabilities on the date of acquisition.

2.Net assets acquired is typically equal to total consideration. Total consideration includes amounts paid by non-controlling interests that participated in the acquisition as investors in Brookfield-sponsored private funds or as co-investors.

The following table summarizes the balance sheet impact as a result of material business combinations that occurred in 2024. The valuations of the assets acquired are still under evaluation and as such the business combinations have been accounted for on a provisional basis.

	Renewable Power and Transition		Infrastructure
AS AT DEC. 31, 2024 (MILLIONS)	Neoen		ATC India		Cyxtera
Cash and cash equivalents	$	544	$	368	$	14
Accounts receivable and other	417		136		140
Other financial assets	345		279		—
Assets classified as held for sale	861		—		270
Property, plant and equipment	7,185		1,785		2,356
Intangible assets	—		582		379
Goodwill	3,531		294		—
Deferred income tax assets	60		—		—
Total assets	12,943		3,444		3,159
Less:
Accounts payable and other	(1,123)		(1,122)		(1,503)
Liabilities associated with assets classified as held for sale	(340)		—		(70)
Non-recourse borrowings	(4,611)		(119)		—
Deferred income tax liabilities	(423)		(162)		(229)
Non-controlling interests1	(3,005)		—		—
	(9,502)		(1,403)		(1,802)
Net assets acquired2	$	3,441	$	2,041	$	1,357

1.Includes non-controlling interests recognized on business combinations measured as the proportionate share of fair value of the identifiable assets and liabilities on the date of acquisition.

2.Net assets acquired is typically equal to total consideration. Total consideration includes amounts paid by non-controlling interests that participated in the acquisition as investors in Brookfield-sponsored private funds or as co-investors.

The following table summarizes the balance sheet impact as a result of business combinations that occurred in 2023. No material changes were made to those allocations disclosed in the 2023 consolidated financial statements.

AS AT DEC. 31, 2023 (MILLIONS)	Infrastructure		Renewable Power and Transition		Private Equity and Other		Total
Cash and cash equivalents	$	921	$	228	$	22	$	1,171
Accounts receivable and other	1,475		585		10		2,070
Other financial assets	1,519		47		1		1,567
Assets classified as held for sale	—		293		—		293
Investment properties	3,244		—		—		3,244
Property, plant and equipment	8,964		7,200		240		16,404
Intangible assets	4,020		8		83		4,111
Goodwill	5,334		1,674		203		7,211
Deferred income tax assets	—		97		—		97
Total assets	25,477		10,132		559		36,168
Less:
Accounts payable and other	(1,500)		(1,944)		(46)		(3,490)
Liabilities associated with assets classified as held for sale	—		(138)		—		(138)
Non-recourse borrowings	(9,084)		(2,868)		—		(11,952)
Deferred income tax liabilities	(1,558)		(333)		(47)		(1,938)
Non-controlling interests1	—		(414)		(1)		(415)
Preferred equity	(641)		—		—		(641)
	(12,783)		(5,697)		(94)		(18,574)
Net assets acquired2	$	12,694	$	4,435	$	465	$	17,594

1.Includes non-controlling interests recognized on business combinations measured as the proportionate share of fair value of the identifiable assets and liabilities on the date of acquisition.

2.Net assets acquired is typically equal to total consideration. Total consideration includes amounts paid by non-controlling interests that participated in the acquisition as investors in Brookfield-sponsored private funds or as co-investors.

The following table summarizes the balance sheet impact as a result of material business combinations that occurred in 2023. No material changes were made to those allocations disclosed in the 2023 consolidated financial statements.