NON-RECOURSE BORROWINGS (Tables)

12 Months Ended

Dec. 31, 2023

Disclosure of financial liabilities [abstract]

Disclosure of corporate borrowings

AS AT DEC. 31 (MILLIONS)	Maturity	Annual Rate		Currency	2023		2022
Term debt
Public – Canadian	Mar. 8, 2024	5.04	%	C$	$	377	$	369
Public – U.S.	Apr. 1 , 2024	4.00	%	US$	200		749
Public – U.S.	Jan. 15, 2025	4.00	%	US$	500		500
Public – Canadian	Jan. 28, 2026	4.82	%	C$	645		632
Public – U.S.	Jun. 2, 2026	4.25	%	US$	499		497
Public – Canadian	Mar. 16, 2027	3.80	%	C$	377		369
Public – U.S.	Jan. 25, 2028	3.90	%	US$	1,067		1,073
Public – U.S.	Mar. 29, 2029	4.85	%	US$	999		999
Public – U.S.	Apr. 15, 2030	4.35	%	US$	750		749
Public – U.S.	Apr. 15, 2031	2.72	%	US$	500		500
Public – U.S.	Jan. 30, 2032	2.34	%	US$	600		600
Public – Canadian	Dec. 14, 2032	5.43	%	C$	755		738
Public – U.S.	Mar. 1, 2033	7.38	%	US$	250		250
Public – U.S.	Jun. 14, 2033	6.09	%	US$	550		—
Public – U.S.	Jan. 5, 2034	6.35	%	US$	700		—
Public – Canadian	Jun. 14, 2035	5.95	%	C$	319		312
Private – Japanese	Dec. 1, 2038	1.42	%	JPY	71		76
Public – U.S.	Sep. 20, 2047	4.70	%	US$	902		902
Public – U.S.	Apr. 15, 2050	3.45	%	US$	595		594
Public – U.S.	Mar. 30, 2051	3.50	%	US$	758		758
Public – U.S.	Feb. 15, 2052	3.63	%	US$	400		400
Public – U.S.	Oct. 16, 2080	4.63	%	US$	400		400
					12,214		11,467
Revolving facilities1					31		—
Deferred financing costs2					(85)		(77)
Total					$	12,160	$	11,390

1.Reflects commercial paper and credit facility draws outstanding as at December 31, 2023.

2.Deferred financing costs are amortized to interest expense over the term of the borrowing using the effective interest method.

AS AT DEC. 31 (MILLIONS)	Note	2023		2022
Subsidiary borrowings	(a)	$	16,214	$	15,140
Property-specific borrowings	(b)	205,336		187,544
Total		$	221,550	$	202,684

Principal repayments on subsidiary borrowings due over the next five calendar years and thereafter are as follows:

(MILLIONS)	Real Estate		Renewable Power and Transition		Infrastructure		Private Equity		Total
2024	$	893	$	183	$	1,517	$	3	$	2,596
2025	377		302		—		54		733
2026	377		—		—		94		471
2027	999		377		340		—		1,716
2028	3,229		—		750		1,440		5,419
Thereafter	1,039		1,981		2,325		—		5,345
Total Principal repayments	6,914		2,843		4,932		1,591		16,280
Deferred financing costs and other	(32)		(11)		(21)		(2)		(66)
Total – Dec. 31, 2023	$	6,882	$	2,832	$	4,911	$	1,589	$	16,214
Total – Dec. 31, 2022	$	6,702	$	2,546	$	3,666	$	2,226	$	15,140

The current and non-current balances of subsidiary borrowings are as follows:

AS AT DEC. 31 (MILLIONS)	2023		2022
Current	$	2,596	$	1,469
Non-current	13,618		13,671
Total	$	16,214	$	15,140

Subsidiary borrowings by currency include the following:

AS AT DEC. 31 (MILLIONS)	2023		Local Currency		2022		Local Currency
U.S. dollars	$	7,915	US$	7,915	$	7,850	US$	7,850
Canadian dollars	8,208		C$	10,875	7,217		C$	9,776
Brazilian reais	91		Rs	443	73		Rs	381
Total	$	16,214			$	15,140

Principal repayments on property-specific borrowings due over the next five calendar years and thereafter are as follows:

(MILLIONS)	Real Estate1,2,3		Renewable Power and Transition		Infrastructure		Private Equity		Total
2024	$	37,626	$	5,582	$	6,742	$	5,026	$	54,976
2025	18,408		2,530		2,819		3,542		27,299
2026	9,775		3,384		7,890		5,502		26,551
2027	8,936		1,942		5,079		5,132		21,089
2028	4,263		2,469		5,847		8,564		21,143
Thereafter	8,237		12,900		18,938		16,875		56,950
Total Principal repayments	87,245		28,807		47,315		44,641		208,008
Deferred financing costs and other	(511)		(172)		(1,232)		(757)		(2,672)
Total – Dec. 31, 2023	$	86,734	$	28,635	$	46,083	$	43,884	$	205,336
Total – Dec. 31, 2022	$	86,050	$	22,826	$	29,881	$	48,787	$	187,544

1.Includes $59.4 billion of borrowings associated with real estate LP investments from our Asset Management segment and $27.3 million associated with core and transitional and development investments in our Real Estate segment.

2.Real estate property-specific borrowings of $86.7 billion relate to Brookfield Property Partners L.P. (“BPY”) investment properties of $48.4 billion, BPY PP&E of $11.2 billion, and real estate direct investments of $27.1 billion.

3.Real estate property-specific borrowings maturing in 2024 of $37.6 billion include office of $7.7 billion, retail of $4.6 billion, and LP investments and other of $25.3 billion. Real estate property-specific borrowings maturing in 2025 of $18.4 billion include office of $1.5 billion, retail of $4.1 billion, and LP investments and other of $12.8 billion.

The current and non-current balances of property-specific borrowings are as follows:

AS AT DEC. 31 (MILLIONS)	2023		2022
Current	$	54,975	$	41,828
Non-current	150,361		145,716
Total	$	205,336	$	187,544

Property-specific borrowings by currency include the following:

AS AT DEC. 31 (MILLIONS)	2023		Local Currency		2022		Local Currency
U.S. dollars	$	112,510	US$	112,510	$	109,555	US$	109,555
British pounds	13,457		£	10,571	10,660		£	8,823
Indian rupees	9,930		Rs	826,265	7,653		Rs	632,457
Canadian dollars	17,124		C$	22,690	15,938		C$	21,590
Euros	22,825		€	20,670	20,316		€	18,986
Australian dollars	10,051		A$	14,755	8,650		A$	12,696
Brazilian reais	10,868		R$	52,606	7,572		R$	39,500
Colombian pesos	3,334		COP$	12,914,945	2,524		COP$	12,157,354
Korean won	2,199		₩	2,855,358	1,822		₩	2,296,121
Other currencies	3,038		Various	n/a	2,854		Various	n/a
Total	$	205,336			$	187,544