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OTHER COMPREHENSIVE INCOME (LOSS) (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Foreign currency translation      
Unrealized foreign currency translation (losses) gains in respect of foreign operations $ (467) $ 87 $ 207
Reclassification of realized foreign currency translation gains to net income on disposition of foreign operations 27 0 26
Gains (losses) on hedges of net investments in foreign operations, net of income tax expense (benefit) of nil (2020 - nil; 2019 - $2 million) 163 650 (176)
Reclassification of hedges of net investment in foreign operations (losses) to net income on disposition of foreign operations 0 0 6
Foreign currency translation (277) 737 63
Cash flow hedges      
Gains on derivatives designated as cash flow hedges, net of income tax expense (benefit) of $(12) million (2020 - $4 million; 2019 - $4 million) 95 116 21
Cash flow hedges 95 116 21
Equity accounted investments      
Share of unrealized foreign currency translations (losses) gains in respect of foreign operations (2) 4 0
Reclassification gains from hedges of net investment in foreign operation to net income on disposition of foreign operations 0 0 1
Share of gains (losses) on derivatives designated as cash flow hedges, net of income tax expense (benefit) of nil (2020 - nil; 2019 – nil) 56 (62) (51)
Equity accounted investments 54 (58) (50)
Items that will not be reclassified to net income:      
Unrealized (losses) gains on securities - FVTOCI, net of income tax benefit of $59 million (2020 - $11 million; 2019 - $6 million) (33) 17 (7)
Share of revaluation surplus (losses) on equity accounted investments, net of income tax expense (benefit) of nil (2020 - nil; 2019 - nil) 354 (206) 16
Net remeasurement gains (losses) on defined benefit plan, net of income tax expense of nil (2020 – nil; 2019 – nil) 0 (1) (1)
Revaluation surplus (loss), net of income tax expense of $(120) million (2020 –$49 million; 2019 – $22 million) 811 (191) 281
Items that will not be reclassified to net income: 1,132 (381) 289
Total other comprehensive income $ 1,004 $ 414 $ 323