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CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
$ in Millions
Total
Limited partners’ equity
Foreign currency translation
Revaluation surplus
Actuarial losses on defined benefit plans
Cash flow hedges
Investments in equity securities
Total limited partners’ equity
Preferred limited partners’ equity
Preferred equity
Perpetual subordinated notes
BEPC exchangeable shares
Participating non-controlling interests – in operating subsidiaries
General partnership interest in a holding subsidiary held by Brookfield
Participating non-controlling interests – in a holding subsidiary – Redeemable/Exchangeable units held by Brookfield
Beginning balance at Dec. 31, 2018 $ 19,402 $ (927) $ (652) $ 6,120 $ (6) $ (34) $ 4 $ 4,505 $ 707 $ 568     $ 10,289 $ 67 $ 3,266
Net income (loss) 80 (88)           (88) 44 26     113 50 (65)
Other comprehensive income (loss) 1,945   (35) 544 (4) 1 19 525   28     1,004 7 381
Capital contributions (674)                       (674)    
Preferred LP units issued 126               126            
Disposals (172)                       (172)    
Distributions or dividends declared (1,607) (370)           (370) (44) (26)     (844) (55) (268)
Distribution reinvestment plan 6 6           6              
Other 26 265 (13) (242) 1 1 (11) 1   1     22 (1) 3
Change in year 1,078 (187) (48) 302 (3) 2 8 74 126 29     797 1 51
Ending balance at Dec. 31, 2019 20,480 (1,114) (700) 6,422 (9) (32) 12 4,579 833 597   $ 0 11,086 68 3,317
Net income (loss) (45) (184)           (184) 54 25   (49) 180 62 (133)
Other comprehensive income (loss) 2,274   (249) 827   (6) 5 577   12   152 1,112 8 413
Capital contributions 520                       520    
Preferred LP units issued 195               195            
Return of capital (147)                       (147)    
Disposals (15) 17   (17)                 (15)    
Distributions or dividends declared (1,415) (349)           (349) (54) (25)   (116) (551) (70) (250)
Distribution reinvestment plan 6 6           6              
Special distribution/TerraForm Power acquisition 0 634 280 (1,465) 2 1 (13) (561)       2,134 (1,101) (10) (462)
Other (86) 2 (51) (172) 1 (2) (1) (223)       287 16 (2) (164)
Change in year 1,287 126 (20) (827) 3 (7) (9) (734) 195 12   2,408 14 (12) (596)
Ending balance at Dec. 31, 2020 21,767 (988) (720) 5,595 (6) (39) 3 3,845 1,028 609 $ 0 2,408 11,100 56 2,721
Net income (loss) (66) (191)           (191) 55 26 12 (119) 209 77 (135)
Other comprehensive income (loss) 2,766   (116) 938 7 (11) 1 819   4   513 839 12 579
Issuance of perpetual subordinated notes 592                   592        
Capital contributions 1,121                       1,121    
Redemption of Preferred Limited Partner Units (147)               (147)            
Disposals (395) 38   (38)                 (395)    
Distributions or dividends declared (1,769) (335)           (335) (55) (26) (12) (209) (810) (85) (237)
Distribution reinvestment plan 9 9           9              
Other 118 (49) (6) (1) (1) 2   (55)       (31) 239 (1) (34)
Change in year 2,229 (528) (122) 899 6 (9) 1 247 (147) 4 592 154 1,203 3 173
Ending balance at Dec. 31, 2021 $ 23,996 $ (1,516) $ (842) $ 6,494 $ 0 $ (48) $ 4 $ 4,092 $ 881 $ 613 $ 592 $ 2,562 $ 12,303 $ 59 $ 2,894