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GOODWILL (Tables)
12 Months Ended
Dec. 31, 2024
Goodwill [Abstract]  
Disclosure of reconciliation of changes in goodwill
The following table presents the balance and nature of the changes in goodwill:
CostAccumulated ImpairmentTotal
AS AT AND FOR THE YEARS ENDED DEC. 31
(MILLIONS)
202420232024202320242023
Balance, beginning of year$36,758 $29,767 $(1,847)$(1,105)$34,911 $28,662 
Acquisitions through business combinations3,899 7,211  — 3,899 7,211 
Impairment losses — (828)(659)(828)(659)
Foreign currency translation and other1
(2,386)(220)134 (83)(2,252)(303)
Balance, end of year$38,271 $36,758 $(2,541)$(1,847)$35,730 $34,911 
Disclosure of detailed information about goodwill
Goodwill is allocated to the following operating segments:
AS AT DEC. 31
(MILLIONS)
Note20242023
Infrastructure
(a)$14,209 $14,487 
Private Equity
(b)12,726 14,396 
Renewable Power and Transition
(c)6,903 3,335 
Real Estate (LP Investments) and Other1
(d)1,855 2,674 
Real Estate (Core and Transitional & Development)1
37 19 
Total$35,730 $34,911 
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.