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NON-CONTROLLING INTEREST (Tables)
12 Months Ended
Dec. 31, 2025
Noncontrolling Interest [Abstract]  
Schedule Of Noncontrolling Interest
The movement in the carrying value of non-controlling interest is as follows:
AS AT AND FOR THE YEARS ENDED DECEMBER 31,
(MILLIONS)
20252024
Balance, beginning$336 $173 
Net income369 151 
Contributions61 16 
2025 Arrangement31 — 
Distributions(a)
(24)(4)
Balance, ending$773 $336 
(a) Distributions include a $17 million adjustment to derecognize the remaining non-controlling interest in a consolidated entity that was acquired during the year ended December 31, 2025.
Non-Controlling Interests in Consolidated Funds
The following table sets forth a summary of changes in the non-controlling interests in consolidated funds.
AS AT AND FOR THE YEARS ENDED DECEMBER 31,
(MILLIONS)
20252024
Balance, beginning$ $— 
Net income24 — 
Contributions163 — 
Deconsolidation of consolidated funds(166)— 
Balance, ending$21 $—