LIQUIDITY AND CAPITAL MANAGEMENT (Tables)

12 Months Ended

Dec. 31, 2019

Liquidity and Capital Management [Abstract]

Disclosure of contractual obligations

The table below presents the partnership’s contractual obligations as of December 31, 2019:

(US$ Millions)				Payments due by period
Dec. 31, 2019	Total			< 1 Year		1 Year		2 Years			3 Years			4 Years			> 5 Years
Debt obligations(1)	$	55,390		$	8,829	$	9,315	$	5,605		$	6,011		$	10,781		$	14,849
Capital securities	3,075			75		1,536		141			1			547			775
Lease obligations	5,301			78		79		77			77			77			4,913
Commitments(2)	1,138			499		226		401			12			—			—
Interest expense(3):
Long term debt	9,792			2,295		1,865		1,558			1,331			990			1,753
Capital securities	732			151		151		111			106			106			107
Interest rate swaps	(1		)	4		1		(3		)	(2		)	(1		)	—

⁽¹⁾  Debt obligations is net of deferred financing costs of $418 million.

⁽²⁾  Primarily consists of construction commitments on commercial developments.

⁽³⁾  Represents aggregate interest expense expected to be paid over the term of the obligations. Variable interest rate payments have been calculated based on current rates.