ACQUISITIONS OF CONSOLIDATED ENTITIES (Tables)

12 Months Ended

Dec. 31, 2021

Disclosure of detailed information about business combination [abstract]

Disclosure of detailed information about business combinations

The following table summarizes the balance sheet impact as a result of business combinations that occurred in the year ended December 31, 2021. The valuations of the assets acquired are still under evaluation and as such the business combinations have been accounted for on a provisional basis:

(MILLIONS)	Private Equity		Infrastructure		Real Estate		Renewable Power and Transition and Other		Total
Cash and cash equivalents	$	288	$	217	$	78	$	3	$	586
Accounts receivable and other	826		455		104		100		1,485
Inventory	690		23		2		6		721
Equity accounted investments	20		—		7		45		72
Investment properties	—		—		988		—		988
Property, plant and equipment	2,518		10,179		2,172		2,366		17,235
Intangible assets	4,535		3,734		67		—		8,336
Goodwill	3,960		2,400		113		118		6,591
Deferred income tax assets	6		9		—		—		15
Total assets	12,843		17,017		3,531		2,638		36,029
Less:
Accounts payable and other	(1,811)		(3,271)		(131)		(188)		(5,401)
Non-recourse borrowings	(132)		(6,698)		(1,452)		(975)		(9,257)
Deferred income tax liabilities	(1,215)		(1,430)		(113)		—		(2,758)
Non-controlling interests1	(22)		(156)		(3)		(2)		(183)
	(3,180)		(11,555)		(1,699)		(1,165)		(17,599)
Net assets acquired	$	9,663	$	5,462	$	1,832	$	1,473	$	18,430
Consideration2	$	9,663	$	5,462	$	1,832	$	1,473	$	18,430

1.Includes non-controlling interests recognized on business combinations measured as the proportionate share of fair value of the identifiable assets and liabilities on the date of acquisition.

2.Total consideration, including amounts paid by non-controlling interests that participated in the acquisition as investors in Brookfield-sponsored private funds or as co-investors.

The following table summarizes the balance sheet impact as a result of significant business combinations that occurred in 2021. The valuations of the assets acquired are still under evaluation and as such the business combinations have been accounted for on a provisional basis.

	Private Equity						Infrastructure		Real Estate		Renewable Power and Transition
(MILLIONS)	Modulaire		DexKo		Aldo		IPL		Life Sciences Assets		U.S. Wind		U.S. Distributed Generation
Cash and cash equivalents	$	100	$	106	$	59	$	121	$	6	$	1	$	1
Accounts receivable and other	418		278		31		420		1		71		28
Inventory	104		436		48		20		—		6		—
Equity accounted investments	—		19		—		—		—		—		—
Investment properties	—		—		—		—		988		—		—
Property, plant and equipment	1,963		462		5		9,865		—		1,643		723
Intangible assets	1,941		2,212		295		2,569		2		—		—
Goodwill	1,667		1,408		421		2,096		36		—		117
Deferred income tax assets	—		6		—		—		—		—		—
Total assets	6,193		4,927		859		15,091		1,033		1,721		869
Less:
Accounts payable and other	(817)		(637)		(136)		(3,012)		(7)		(142)		(45)
Non-recourse borrowings	(27)		(2)		—		(6,185)		—		(835)		(140)
Deferred income tax liabilities	(590)		(504)		(100)		(1,229)		(36)		—		—
Non-controlling interests1	—		(10)		—		—		—		—		—
	(1,434)		(1,153)		(236)		(10,426)		(43)		(977)		(185)
Net assets acquired	$	4,759	$	3,774	$	623	$	4,665	$	990	$	744	$	684
Consideration2	$	4,759	$	3,774	$	623	$	4,665	$	990	$	744	$	684

1.Includes non-controlling interests recognized on business combinations measured as the proportionate share of fair value of the identifiable assets and liabilities on the date of acquisition.

2.Total consideration, including amounts paid by non-controlling interests that participated in the acquisition as investors in Brookfield-sponsored private funds or as co-investors.

The following table summarizes the balance sheet impact as a result of business combinations that occurred in the year ended December 31, 2020. No material changes were made to those allocations disclosed in the 2020 consolidated financial statements:

(MILLIONS)	Private Equity		Infrastructure		Real Estate, Renewable Power and Transition and Other		Total
Cash and cash equivalents	$	105	$	—	$	38	$	143
Accounts receivable and other	1,441		408		76		1,925
Inventory	12		—		55		67
Property, plant and equipment	84		7,334		661		8,079
Intangible assets	27		532		66		625
Goodwill	63		27		55		145
Deferred income tax assets	31		—		15		46
Total assets	1,763		8,301		966		11,030
Less:
Accounts payable and other	(55)		(2,518)		(227)		(2,800)
Non-recourse borrowings	(1,016)		(2,356)		(470)		(3,842)
Deferred income tax liabilities	—		(22)		(12)		(34)
Non-controlling interests1	(227)		—		(47)		(274)
	(1,298)		(4,896)		(756)		(6,950)
Net assets acquired	$	465	$	3,405	$	210	$	4,080
Consideration2	$	465	$	3,405	$	210	$	4,080

1.Includes non-controlling interests recognized on business combinations measured as the proportionate share of fair value of the identifiable assets and liabilities on the date of acquisition.

2.Total consideration, including amounts paid by non-controlling interests that participated in the acquisition as investors in Brookfield-sponsored private funds or as co-investors.

The following table summarizes the balance sheet impact as a result of significant business combinations that occurred in 2020. No material changes were made to those allocations disclosed in the 2020 consolidated financial statements.

	Private Equity		Infrastructure
(MILLIONS)	IndoStar		Summit DigiTel
Cash and cash equivalents	$	78	$	—
Accounts receivable and other	1,391		408
Property, plant and equipment	9		7,334
Intangible assets	20		532
Goodwill	21		27
Deferred income tax assets	28		—
Total assets	1,547		8,301
Less:
Accounts payable and other	(30)		(2,518)
Non-recourse borrowings	(1,003)		(2,356)
Deferred income tax liabilities	—		(22)
Non-controlling interests1	(219)		—
	(1,252)		(4,896)
Net assets acquired	$	295	$	3,405
Consideration2	$	295	$	3,405

1.Includes non-controlling interests recognized on business combinations measured as the proportionate share of fair value of the identifiable assets and liabilities on the date of acquisition.

2.Total consideration, including amounts paid by non-controlling interests that participated in the acquisition as investors in Brookfield-sponsored private funds or as co-investors.