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FAIR VALUE CHANGES
12 Months Ended
Dec. 31, 2021
Fair Value Measurement [Abstract]  
Fair value changes FAIR VALUE CHANGES
Fair value changes recorded in net income represent gains or losses arising from changes in the fair value of assets and liabilities, including derivative financial instruments, accounted for using the fair value method and are comprised of the following:
FOR THE YEARS ENDED DEC. 31 (MILLIONS) 20212020
Investment properties$5,073 $(269)
Transaction related gains, net of expenses714 20 
Financial contracts984 686 
Impairment and provisions(654)(808)
Other fair value changes(966)(1,052)
$5,151 $(1,423)