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ORGANIZATION AND CAPITAL MANAGEMENT (Tables)
 6 Months Ended
Jun. 30, 2026
Management Commentary Explanatory [Abstract]  
Summary of the Corporation's Capital [Table]
As at June 30, 2026, the Corporation’s capital totaled $61.5 billion (December 31, 2025 – $62.4 billion), and is computed as follows:
AS AT JUN. 30, 2026 AND DEC. 31, 2025
(MILLIONS)
20262025
Cash and cash equivalents$760 $461 
Other financial assets2,631 2,114 
Investments1
58,522 58,951 
Other assets and liabilities of the Corporation(401)891 
Corporation’s Capital$61,512 $62,417 
Corporation’s Capital is comprised of the following:
Common equity$42,483 $43,796 
Preferred equity4,088 4,090 
Non-controlling interest230 230 
Corporate borrowings14,711 14,301 
$61,512 $62,417 
Reconciliation of the Corporation's Capital [Table]
A reconciliation of the Corporation’s capital to the company’s consolidated balance sheet as at June 30, 2026 is as follows:
AS AT JUN. 30, 2026
(MILLIONS)
The CorporationInvestments
Elimination1
Total Consolidated
Cash and cash equivalents$760 $14,125 $— $14,885 
Other financial assets 2,631 29,888 — 32,519 
Accounts receivable and other1
2,456 32,657 (1,914)33,199 
Inventory— 9,431 — 9,431 
Assets classified as held for sale— 15,394 — 15,394 
Equity accounted investments2,031 85,651 — 87,682 
Investment properties20 84,219 — 84,239 
Property, plant and equipment195 164,728 — 164,923 
Intangible assets81 37,075 — 37,156 
Goodwill— 41,928 — 41,928 
Deferred income tax assets378 3,781 — 4,159 
Accounts payable and other1
(5,342)(51,060)1,914 (54,488)
Liabilities associated with assets classified as held for sale— (9,218)— (9,218)
Deferred income tax liabilities(220)(26,040)— (26,260)
Subsidiary equity obligations— (3,931)— (3,931)
Total2,990 428,628 — 431,618 
Investments2
58,522 — (58,522)— 
Corporation’s Capital61,512 428,628 (58,522)431,618 
Less:
Corporate borrowings14,711 — — 14,711 
Non-recourse borrowings of managed entities— 250,271 — 250,271 
Amounts attributable to preferred equity4,088 — — 4,088 
Amounts attributable to non-controlling interests230 119,835 — 120,065 
Common equity$42,483 $58,522 $(58,522)$42,483 
1.Includes intercompany balances, including accounts receivable and other, and accounts payable and other of $1.9 billion and $1.9 billion, respectively, between entities under common control of the Corporation.
2.Represents the carrying value of the Corporation’s investments.
A reconciliation of the Corporation’s capital to the company’s consolidated balance sheet as at December 31, 2025 is as follows:
AS AT DEC. 31, 2025
(MILLIONS)
The CorporationInvestments
Elimination1
Total Consolidated
Cash and cash equivalents$461 $15,781 $— $16,242 
Other financial assets 2,11427,919— 30,033 
Accounts receivable and other1
2,86632,442(1,799)33,509 
Inventory—8,849— 8,849 
Assets classified as held for sale—12,780— 12,780 
Equity accounted investments2,33077,551— 79,881 
Investment properties1885,595— 85,613 
Property, plant and equipment151165,841— 165,992 
Intangible assets8338,413— 38,496 
Goodwill—43,355— 43,355 
Deferred income tax assets4673,754— 4,221 
Accounts payable and other1
(4,684)(53,572)1,799 (56,457)
Liabilities associated with assets classified as held for sale— (5,891)— (5,891)
Deferred income tax liabilities(340)(26,669)— (27,009)
Subsidiary equity obligations— (3,808)— (3,808)
Total3,466 422,340 — 425,806 
Investments2
58,951—(58,951)— 
Corporation’s Capital62,417 422,340 (58,951)425,806 
Less:
Corporate borrowings14,301 — — 14,301 
Non-recourse borrowings of managed entities—245,311— 245,311 
Amounts attributable to preferred equity4,090 — — 4,090 
Amounts attributable to non-controlling interests230 118,078 — 118,308 
Common equity$43,796 $58,951 $(58,951)$43,796 
1.Includes intercompany balances, including accounts receivable and other, and accounts payable and other of $1.8 billion and $1.8 billion, respectively, between entities under common control of the Corporation.
2.Represents the carrying value of the Corporation’s investments