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NON-CONTROLLING INTERESTS (Tables)
 6 Months Ended
Jun. 30, 2019
Disclosure Of Detailed Information About Non-controlling Interests [Abstract]  
Summary of Non-controlling Interests
Brookfield Renewable`s non-controlling interests are comprised of the following:
(MILLIONS)
Jun 30, 2019

 
Dec 31, 2018

Participating non-controlling interests - in operating subsidiaries
$
8,226

 
$
8,129

General partnership interest in a holding subsidiary held by Brookfield
65

 
66

Participating non-controlling interests - in a holding subsidiary - Redeemable/Exchangeable units held by Brookfield
3,166

 
3,252

Preferred equity
591

 
568

 
$
12,048

 
$
12,015

The net change in participating non-controlling interests - in operating subsidiaries is as follows:
(MILLIONS) 
Brookfield
Americas
Infrastructure Fund

 
Brookfield
Infrastructure Fund II

 
Brookfield
Infrastructure Fund III

 
Brookfield
Infrastructure Fund IV

 
Canadian Hydroelectric Portfolio

 
The
Catalyst Group

 
Isagen
institutional
investors

 
Isagen
public non-
controlling interests

 
Other

 
Total

As at December 31, 2017
$
850

 
$
1,682

 
$
1,852

 
$
—

 
$
—

 
$
134

 
$
1,701

 
$
9

 
$
70

 
$
6,298

Net income
1

 
9

 
86

 
—

 
4

 
14

 
174

 
1

 
8

 
297

OCI
66

 
298

 
805

 
—

 
(11
)
 
(18
)
 
504

 
5

 
58

 
1,707

Capital contributions
—

 
9

 
5

 
—

 
293

 
—

 
—

 
—

 
—

 
307

Acquisition
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
21

 
21

Distributions
(17
)
 
(81
)
 
(276
)
 
—

 
—

 
(6
)
 
(167
)
 
—

 
(6
)
 
(553
)
Other
—

 
12

 
(3
)
 
—

 
(10
)
 
—

 
—

 
—

 
53

 
52

As at December 31, 2018
$
900

 
$
1,929

 
$
2,469

 
$
—

 
$
276

 
$
124

 
$
2,212

 
$
15

 
$
204

 
$
8,129

Net income (loss)
8

 
4

 
44

 
1

 
14

 
14

 
81

 
—

 
2

 
168

OCI
2

 
13

 
46

 
—

 
12

 
—

 
27

 
—

 
(15
)
 
85

Capital contributions
—

 
—

 
2

 
20

 
277

 
—

 
—

 
—

 
(1
)
 
298

Acquisition
—

 
—

 
(21
)
 
—

 
—

 
—

 
—

 
—

 
21

 
—

Disposal
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
(53
)
 
(53
)
Distributions
(7
)
 
(54
)
 
(171
)
 
—

 
(1
)
 
(11
)
 
(139
)
 
(1
)
 
(12
)
 
(396
)
Other
—

 
—

 
—

 
—

 
(4
)
 
—

 
(1
)
 
—

 
—

 
(5
)
As at June 30, 2019
$
903

 
$
1,892

 
$
2,369

 
$
21

 
$
574

 
$
127

 
$
2,180

 
$
14

 
$
146

 
$
8,226

Interests held by third parties
75-80%

 
43-60%

 
23-71%

 
71
%
 
50
%
 
25
%
 
53
%
 
0.5
%
 
20-50%

 
 
Summary of Distributions
The composition of the distributions for the three and six months ended June 30 is presented in the following table:
 
Three months ended Jun 30
 
Six months ended Jun 30
(MILLIONS)
2019

 
2018

 
2019

 
2018

General partnership interest in a holding subsidiary held by Brookfield
$
1

 
$
2

 
$
3

 
$
3

Incentive distribution
12

 
9

 
25

 
20

 
$
13

 
$
11

 
$
28

 
$
23

Participating non-controlling interests - in a holding subsidiary - Redeemable/Exchangeable units held by Brookfield
$
67

 
$
64

 
$
135

 
$
128

 
$
80

 
$
75

 
$
163

 
$
151

The composition of the distribution for the three and six months ended June 30 is presented in the following table:
 
Three months ended Jun 30
 
Six months ended Jun 30
(MILLIONS)
2019

 
2018

 
2019

 
2018

Brookfield
$
29

 
$
27

 
$
58

 
$
55

External LP Unitholders
63

 
61

 
127

 
123

 
$
92

 
$
88

 
$
185

 
$
178
Disclosure of Preference Shares
Brookfield Renewable`s preferred equity consists of Class A Preference Shares of Brookfield Renewable Power Preferred Equity Inc. ("BRP Equity") as follows:
 
Shares
outstanding

 
Cumulative
distribution
rate (%)
 
Earliest
permitted
redemption
date
 
Distributions declared for the six months ended June 30
 
Carrying value as at
(MILLIONS EXCEPT AS NOTED)
 
 
2019

 
2018

 
Jun 30, 2019

 
Dec 31, 2018

Series 1 (C$136)
5.45

 
3.36
 
Apr 2020
 
$
2

 
$
2

 
$
104

 
$
100

Series 2 (C$113)(1)
4.51

 
4.27
 
Apr 2020
 
2

 
2

 
86

 
83

Series 3 (C$249)
9.96

 
4.40
 
Jul 2019
 
4

 
4

 
190

 
182

Series 5 (C$103)
4.11

 
5.00
 
Apr 2018
 
2

 
2

 
78

 
75

Series 6 (C$175)
7.00

 
5.00
 
Jul 2018
 
3

 
3

 
133

 
128

 
31.04

 
 
 
 
 
$
13

 
$
13

 
$
591

 
$
568

(1) 
Dividend rate represents annualized distribution based on the most recent quarterly floating rate.