FAIR VALUE CHANGES

6 Months Ended

Jun. 30, 2025

Fair Value Measurement [Abstract]

FAIR VALUE CHANGES

FAIR VALUE CHANGES

Fair value changes recorded in net income represent gains or losses arising from changes in the fair value of assets and liabilities, including derivative financial instruments, accounted for using the fair value method and are comprised of the following:

FOR THE PERIODS ENDED JUN. 30 (MILLIONS)	Three Months Ended				Six Months Ended
	2025		2024		2025		2024
Investment properties	$	35	$	(224)	$	(80)	$	(137)
Transaction related income, net of expenses	(22)		(137)		50		291
Financial contracts	509		81		599		138
Impairment and provisions	(118)		(77)		(464)		(150)
Other fair value changes	393		(396)		(132)		(737)
	$	797	$	(753)	$	(27)	$	(595)