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CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
$ in Millions
Total
Non-controlling interests
Common shares
Common Share Capital
Common shares
Contributed Surplus
Common shares
Retained Earnings
Common shares
Ownership Changes1 
Common shares
Revaluation Surplus
Common shares
Currency Translation
Common shares
Other Reserves2
Common shares
Common equity
Common shares
Non-controlling interests
Preferred shares
Preferred equity
Preferred shares
Non-controlling interests
Beginning balance (Previously stated) at Dec. 31, 2022 $ 141,891 $ 98,138 $ 10,901 $ 148 $ 18,006 $ 2,959 $ 9,522 $ (2,826) $ 898 $ 39,608   $ 4,145  
Changes in period:                          
Net income attributable to shareholders 1,130       1,130         1,130      
Non-controlling interests 3,975 3,975                      
Net income 5,105                        
Other comprehensive income 803           11 271 521 803      
Other comprehensive income 2,927 2,927                      
Other comprehensive income 3,730                        
Comprehensive income, attributable to owners of parent 1,933 6,902         11 271 521 1,933      
Comprehensive income, attributable to non-controlling interests 6,902                        
Comprehensive income 8,835                        
Shareholder distributions                          
Common equity (436)       (436)         (436)      
Preferred equity (166)       (166)         (166)      
Non-controlling interests (12,842) (12,842)                      
Other items                          
Issue of equity 26,604 27,226 (22) (59) (499)         (580)   (42)  
Share-based compensation (6) 0   23 (29)         (6)      
Ownership changes 4,362 3,041     0 1,551 (575) 78 267 1,321      
Total change in period (26,351) (24,327) 22 36 0 (1,551) 564 (349) (788) (2,066)   42  
Ending balance (Previously stated) at Dec. 31, 2023 168,242 122,465         8,958 (2,477) 1,686 41,674   4,103  
Ending balance at Dec. 31, 2023 168,242 122,465 10,879 112 18,006 4,510 8,958 (2,477) 1,686 41,674 $ 117,318 4,103 $ 5,147
Changes in period:                          
Net income attributable to shareholders 641       641         641      
Non-controlling interests 1,212 1,212                      
Net income 1,853                        
Other comprehensive income 766           749 (778) 795 766      
Other comprehensive income 2,960 2,960                      
Other comprehensive income 3,726                        
Comprehensive income, attributable to owners of parent 1,407           749 (778) 795 1,407      
Comprehensive income, attributable to non-controlling interests 4,172 4,172                      
Comprehensive income 5,579                        
Shareholder distributions                          
Common equity (495)       (495)         495      
Preferred equity (168)       (168)         168      
Non-controlling interests (7,815)                        
Other items                          
Issue of equity 8,139 9,079 (73) (35) (832)         (940)   0  
Share-based compensation (49) 0   37 (86)         (49)      
Ownership changes (8,050) (8,495)     0 535 (123) 4 29 445      
Total change in period 2,859 3,059 73 (2) 940 (535) (626) 774 (824) (200)   0  
Ending balance at Dec. 31, 2024 $ 165,383 $ 119,406 $ 10,806 $ 114 $ 17,066 $ 5,045 $ 9,584 $ (3,251) $ 2,510 $ 41,874 $ 114,389 $ 4,103 $ 5,017