LIQUIDITY AND CAPITAL MANAGEMENT (Tables)

12 Months Ended

Dec. 31, 2021

Liquidity and Capital Management [Abstract]

Disclosure of contractual obligations

The table below presents the partnership’s contractual obligations as of December 31, 2021:

(US$ Millions)			Payments due by period
Dec. 31, 2021	Total		< 1 Year		1 Year		2 Years		3 Years		4 Years		> 5 Years
Debt obligations(1)	$	52,570	$	13,975	$	8,043	$	11,573	$	5,626	$	6,565	$	6,788
Capital securities	3,085		61		999		564		—		546		915
Lease obligations	3,414		72		44		44		44		43		3,167
Commitments(2)	1,144		963		166		13		2		—		—
Interest expense(3):
Debt obligations	6,392		1,751		1,489		1,098		756		494		804
Capital securities	722		162		149		151		112		115		33
Interest rate swaps	60		35		25		—		—		—		—

(1)Debt obligations excludes deferred financing costs of $249 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.