ASSETS HELD FOR SALE

12 Months Ended

Dec. 31, 2019

ASSETS HELD FOR SALE [Abstract]

ASSETS HELD FOR SALE

ASSETS HELD FOR SALE

As at December 31, 2019, assets held for sale within Brookfield Renewable's operating segments include solar assets in South Africa and Asia. The sales of these assets are expected to be completed in 2020.

The following is a summary of the major items of assets and liabilities classified as held for sale as at December 31:

(MILLIONS)	2019		2018
Assets
Cash and cash equivalents	$	14	$	8
Restricted cash	22		47
Trade receivables and other current assets	13		28
Property, plant and equipment, at fair value	303		749
Goodwill	—		22
Other long-term assets	—		66
Assets held for sale	$	352	$	920
Liabilities
Current liabilities	$	18	$	23
Non-recourse borrowings	73		360
Other long-term liabilities	46		150
Liabilities directly associated with assets held for sale	$	137	$	533

Brookfield Renewable continues to consolidate and recognize the revenues, expenses and cash flows associated with assets held for sale in the consolidated statements of income, consolidated statements of comprehensive income, and the consolidated statements of cash flows, respectively. Non-current assets classified as held for sale are not depreciated.

In 2019, Brookfield Renewable completed the partial sale of its South Africa wind portfolio, corresponding to 146 MW of wind and solar assets, and the sale of a 191 MW portfolio of wind assets in Europe. See Note 4 - Disposal of assets.