ACCOUNTS PAYABLE AND OTHER LIABILITIES

12 Months Ended

Dec. 31, 2019

Subclassifications of assets, liabilities and equities [abstract]

ACCOUNTS PAYABLE AND OTHER LIABILITIES

ACCOUNTS PAYABLE AND OTHER LIABILITIES

The components of accounts payable and other liabilities are as follows:

(US$ Millions)	Dec. 31, 2019		Dec. 31, 2018
Accounts payable and accrued liabilities	$	2,537	$	2,466
Loans and notes payables	172		779
Derivative liabilities	289		181
Deferred revenue	342		302
Lease liabilities	43		—
Other liabilities	43		21
Total accounts payable and other liabilities	$	3,426	$	3,749

Loans and notes payables includes nil at December 31, 2019 (December 31, 2018 - $733 million) of on-demand deposits and promissory notes from Brookfield Asset Management to the partnership. See Note 36, Related Parties, for further information.