ACQUISITIONS OF CONSOLIDATED ENTITIES (Tables)

12 Months Ended

Dec. 31, 2023

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, 2023. The valuations of the assets acquired are still under evaluation and as such the business combinations have been accounted for on a provisional basis:

AS AT DEC. 31, 2023 (MILLIONS)	Renewable Power and Transition		Infrastructure		Private Equity and Other		Total
Cash and cash equivalents	$	228	$	921	$	22	$	1,171
Accounts receivable and other	585		1,475		10		2,070
Other financial assets	47		1,519		1		1,567
Assets classified as held for sale	293		—		—		293
Investment properties	—		3,244		—		3,244
Property, plant and equipment	7,200		8,964		240		16,404
Intangible assets	8		4,020		83		4,111
Goodwill	1,674		5,334		203		7,211
Deferred income tax assets	97		—		—		97
Total assets	10,132		25,477		559		36,168
Less:
Accounts payable and other	(1,944)		(1,500)		(46)		(3,490)
Liabilities associated with assets classified as held for sale	(138)		—		—		(138)
Non-recourse borrowings	(2,868)		(9,084)		—		(11,952)
Deferred income tax liabilities	(333)		(1,558)		(47)		(1,938)
Non-controlling interests1	(414)		—		(1)		(415)
Preferred equity	—		(641)		—		(641)
	(5,697)		(12,783)		(94)		(18,574)
Net assets acquired2	$	4,435	$	12,694	$	465	$	17,594

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.Net assets acquired is typically equal to total consideration. Total consideration includes 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 material business combinations that occurred in 2023. The valuations of the assets acquired are still under evaluation and as such the business combinations have been accounted for on a provisional basis.

	Infrastructure						Renewable Power and Transition
AS AT DEC. 31, 2023 (MILLIONS)	HomeServe		Triton		Data4		X-Elio		Deriva		Banks
Cash and cash equivalents	$	205	$	491	$	189	$	42	$	88	$	60
Accounts receivable and other	806		376		284		53		328		27
Other financial assets	21		1,495		3		1		38		8
Assets classified as held for sale	—		—		—		293		—		—
Investment properties	—		—		3,244		—		—		—
Property, plant and equipment	118		8,811		35		1,160		4,024		995
Intangible assets	2,827		710		6		—		—		—
Goodwill	3,337		1,163		808		1,333		—		159
Deferred income tax assets	—		—		—		75		—		—
Total assets	7,314		13,046		4,569		2,957		4,478		1,249
Less:
Accounts payable and other	(792)		(406)		(260)		(126)		(1,561)		(142)
Liabilities associated with assets classified as held for sale	—		—		—		(138)		—		—
Non-recourse borrowings	(1,006)		(7,041)		(845)		(795)		(1,092)		(297)
Deferred income tax liabilities	(613)		(446)		(416)		(105)		(29)		(151)
Non-controlling interests1	—		—		—		—		(343)		(34)
Preferred equity	—		(641)		—		—		—		—
	(2,411)		(8,534)		(1,521)		(1,164)		(3,025)		(624)
Net assets acquired2	$	4,903	$	4,512	$	3,048	$	1,793	$	1,453	$	625

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.Net assets acquired is typically equal to total consideration. Total consideration includes 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 2022. No material changes were made to those allocations disclosed in the 2022 consolidated financial statements.

AS AT DEC. 31, 2022 (MILLIONS)	Private Equity		Real Estate (LP Investments)3		Renewable Power and Transition		Infrastructure and Other		Total
Cash and cash equivalents	$	953	$	605	$	85	$	7	$	1,650
Accounts receivable and other	1,446		302		379		10		2,137
Other financial assets	4,558		188		12		11		4,769
Inventory	485		5		31		2		523
Equity accounted investments	461		222				—		683
Investment properties	—		9,805		—		—		9,805
Property, plant and equipment	1,502		3,224		3,087		160		7,973
Intangible assets	11,594		82				302		11,978
Goodwill	8,155		456		691		279		9,581
Deferred income tax assets	62		—		10		1		73
Total assets	29,216		14,889		4,295		772		49,172
Less:
Accounts payable and other	(2,300)		(795)		(1,201)		(55)		(4,351)
Non-recourse borrowings	(4,924)		(3,707)		(424)		(52)		(9,107)
Deferred income tax liabilities	(1,911)		(878)		(50)		(18)		(2,857)
Non-controlling interests1	(96)		(1,788)		(32)		(64)		(1,980)
	(9,231)		(7,168)		(1,707)		(189)		(18,295)
Net assets acquired2	$	19,985	$	7,721	$	2,588	$	583	$	30,877

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.Net assets acquired is typically equal to total consideration. Total consideration includes amounts paid by non-controlling interests that participated in the acquisition as investors in Brookfield-sponsored private funds or as co-investors.

3.Real estate LP investments are included within our Asset Management segment as we include the discretionary capital that we invest directly into and alongside private funds managed by BAM and other investments within this segment.

The following table summarizes the balance sheet impact as a result of material business combinations that occurred in 2022. No material changes were made to those allocations disclosed in the 2022 consolidated financial statements.