SUBSIDIARY PUBLIC ISSUERS (Tables)

12 Months Ended

Dec. 31, 2019

Separate Financial Statements [Abstract]

The following table provides consolidated summary financial information for the partnership, BOP Split, BPO, Brookfield Property Finance ULC, Brookfield Property Preferred Equity Inc. and the holding entities:



(US$ Millions)	Brookfield Property Partners L.P.		BOP Split Corp.			BPO			Brookfield Property Preferred Equity Inc.		Brookfield Property Finance ULC			Holding Entities⁽²⁾		Additional holding entities and eliminations⁽³⁾			Consolidating Adjustments⁽⁴⁾			Brookfield Property Partners L.P. consolidated
Year ended December 31, 2019
Revenue	$	—	$	32		$	163		$	—	$	43		$	1,767	$	392		$	5,806		$	8,203
Net income attributable to unitholders⁽¹⁾	967		386			767			—		(41		)	1,956		688			(2,767		)	1,956

Year ended December 31, 2018
Revenue	$	—	$	27		$	166		$	—	$	8		$	1,192	$	167		$	5,679		$	7,239
Net income attributable to unitholders⁽¹⁾	767		417			(1,419		)	—		—			1,978		(34		)	269			1,978

Year ended December 31, 2017
Revenue	$	—	$	—		$	197		$	—	$	—		$	1,518	$	—		$	4,420		$	6,135
Net income attributable to unitholders⁽¹⁾	138		(409		)	(763		)	—		—			375		17			1,017			375


⁽¹⁾	Includes net income attributable to LP Units, GP Units, Redeemable/Exchangeable Partnership Units, Special LP Units, Exchange LP Units and BPR Units.


⁽²⁾	Includes the operating partnership, Brookfield BPY Holdings Inc., Brookfield BPY Retail Holdings II Inc., BPY Bermuda Holdings Limited, and BPY Bermuda Holdings II Limited.


⁽³⁾	Includes BPY Bermuda Holdings IV Limited, BPY Bermuda Holdings V Limited and BPY Bermuda Holdings VI Limited, which serve as guarantors for BPO but not BOP Split, net of intercompany balances and transactions with other holding entities


⁽⁴⁾	Includes elimination of intercompany transactions and balances necessary to present the partnership on a consolidated basis.

Condensed Balance Sheet



(US$ Millions)	Brookfield Property Partners L.P.		BOP Split Corp.		BPO		Brookfield Property Preferred Equity Inc.		Brookfield Property Finance ULC		Holding Entities⁽²⁾		Additional holding entities and eliminations⁽³⁾		Consolidating Adjustments⁽⁴⁾			Brookfield Property Partners L.P. consolidated
As of Dec. 31, 2019
Current assets	$	—	$	12	$	127	$	—	$	673	$	8,436	$	176	$	(6,522	)	$	2,902
Non-current assets	14,517		11,739		23,830		—		429		29,367		2,049		26,423			108,354
Assets held for sale	—		—		—		—		—		—		—		387			387
Current liabilities	—		995		131		—		15		5,981		1,129		4,075			12,326
Non-current liabilities	—		6,173		6,744		—		1,078		2,871		519		36,857			54,242
Liabilities associated with assets held for sale	—		—		—		—		—		—		—		140			140
Preferred equity	420		—		—		—		—		—		—		—			420
Equity attributable to interests of others in operating subsidiaries and properties	—		—		2,284		—		—		—		—		13,701			15,985
Equity attributable to unitholders⁽¹⁾	$	14,097	$	4,583	$	14,798	$	—	$	9	$	28,951	$	577	$	(34,485	)	$	28,530

As of Dec. 31, 2018
Current assets	$	—	$	52	$	151	$	—	$	596	$	6,144	$	330	$	(1,163	)	$	6,110
Non-current assets	13,273		11,748		20,359		—		—		30,277		1,775		37,974			115,406
Assets held for sale	—		—		—		—		—		—		—		1,004			1,004
Current liabilities	—		2,806		678		—		593		5,731		1,834		(1,499		)	10,143
Non-current liabilities	—		3,053		4,738		—		—		2,406		5		55,272			65,474
Liabilities associated with assets held for sale	—		—		—		—		—		—		—		163			163
Equity attributable to interests of others in operating subsidiaries and properties	—		—		2,284		—		—		—		—		16,172			18,456
Equity attributable to unitholders⁽¹⁾	$	13,273	$	5,941	$	12,810	$	—	$	3	$	28,284	$	266	$	(32,293	)	$	28,284


⁽¹⁾	Includes net income attributable to LP Units, GP Units, Redeemable/Exchangeable Partnership Units, Special LP Units, Exchange LP Units and BPR Units.


⁽²⁾	Includes the operating partnership, Brookfield BPY Holdings Inc., Brookfield BPY Retail Holdings II Inc., BPY Bermuda Holdings Limited, and BPY Bermuda Holdings II Limited.


⁽³⁾	Includes BPY Bermuda Holdings IV Limited, BPY Bermuda Holdings V Limited and BPY Bermuda Holdings VI Limited, which serve as guarantors for BPO but not BOP Split, net of intercompany balances and transactions with other holding entities


⁽⁴⁾	Includes elimination of intercompany transactions and balances necessary to present the partnership on a consolidated basis.