ACCOUNTS RECEIVABLE AND OTHER

12 Months Ended

Dec. 31, 2023

Subclassifications of assets, liabilities and equities [abstract]

ACCOUNTS RECEIVABLE AND OTHER

ACCOUNTS RECEIVABLE AND OTHER

AS AT DEC. 31 (MILLIONS)	Note	2023		2022
Accounts receivable	(a)	$	14,879	$	14,155
Prepaid expenses and other assets		11,363		10,557
Restricted cash	(b)	2,270		2,666
Total		$	28,512	$	27,378

The current and non-current balances of accounts receivable and other are as follows:

AS AT DEC. 31 (MILLIONS)	2023		2022
Current	$	20,263	$	19,489
Non-current	8,249		7,889
Total	$	28,512	$	27,378

a)    Accounts Receivable

Accounts receivable includes contract assets of $451 million (2022 – $703 million). Contract assets primarily relate to work-in-progress on our long-term construction services contracts for which customers have not yet been billed.

b)    Restricted Cash

Restricted cash primarily relates to the financing arrangements including defeasement of debt obligations, debt service accounts and deposits held by the company’s insurance operations across our segments.