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SUBSIDIARY PUBLIC ISSUERS AND FINANCE SUBSIDIARY (Tables)
 12 Months Ended
Dec. 31, 2023
Disclosure of subsidiaries [abstract]  
Disclosure of interests in subsidiaries [text block]
The following table presents the details of the company’s subsidiaries with significant non-controlling interests:
Jurisdiction of Formation
Ownership Interest Held by Non-Controlling Interests1, 2
AS AT DEC. 31
20232022
Brookfield Asset Management ULC (“BAM”)British Columbia25.0 %25.0 %
Brookfield Renewable Partners L.P. (“BEP”)3
Bermuda54.6 %51.7 %
Brookfield Infrastructure Partners L.P. (“BIP”)4
Bermuda73.9 %72.9 %
Brookfield Business Partners L.P. (“BBU”)5
Bermuda34.5 %34.8 %
1.Control and associated voting rights of the limited partnerships (BEP, BIP and BBU) reside with their respective general partners which are wholly owned subsidiaries of the company. The company’s general partner interest is entitled to earn base management fees and incentive payments in the form of incentive distribution rights or performance fees.
2.The company’s ownership interest in BEP, BIP and BBU includes a combination of redemption-exchange units (REUs), Class A limited partnership units, special limited partnership units, general partnership units and units or shares that are exchangeable for units in our listed partnerships, in each subsidiary, where applicable. Each of BEP, BIP and BBU’s partnership capital includes its Class A limited partnership units whereas REUs and general partnership units are considered non-controlling interests for the respective partnerships. REUs share the same economic attributes in all respects except for the redemption right attached thereto. The REUs and general partnership units participate in earnings and distributions on a per unit basis equivalent to the per unit participation of the Class A limited partnership units of the subsidiary.
3.Ownership interest held by non-controlling interests represents the combined units not held in BEP and Brookfield Renewable Corporation (“BEPC”).
4.Ownership interest held by non-controlling interests represents the combined units not held in BIP and Brookfield Infrastructure Corporation (“BIPC”).
5.Ownership interest held by non-controlling interests represents the combined units not held in BBU and Brookfield Business Corporation (“BBUC”).
The following tables contain summarized financial information of the Corporation, BFI, BFI II, BFL, BFL II, BF AUS, BF U.K., the US LLC Issuer, BIC and non-guarantor subsidiaries:
AS AT AND FOR THE YEAR ENDED DEC. 31, 2023
(MILLIONS)
The
Corporation1
BFIBFI IIBFLBFL IIBF
AUS		BF
U.K.		US LLC IssuerBIC
Other
Subsidiaries of
the Corporation2
Consolidating
Adjustments3
The Company
Consolidated
Revenues$2,787 $312 $24 $— $— $— $15 $24 $188 $104,516 $(11,942)$95,924 
Net income (loss) attributable to shareholders1,130 (27)(17)— — — 15 — 34 8,348 (8,353)1,130 
Total assets77,567 10,813 757 — — — 160 552 4,165 561,498 (165,417)490,095 
Total liabilities31,790 8,793 752 2 — — 1 549 3,546 320,691 (44,271)321,853 
Non-controlling interest – preferred equity— — — — — — 230 — — — — 230 
AS AT AND FOR THE YEAR ENDED DEC. 31, 2022
(MILLIONS)
The
Corporation1
BFIBFI IIBFLBFL IIBF
AUS		BF
U.K.		US LLC IssuerBIC
Other
Subsidiaries of
the Corporation2
Consolidating
Adjustments3
The Company
Consolidated
Revenues$2,491 $284 $2 $30 $— $— $35 $— $507 $111,633 $(22,213)$92,769 
Net income (loss) attributable to shareholders2,056 (8)— — — — 11 — 487 18,598 (19,088)2,056 
Total assets71,514 9,769 740 16 — — 232 — 4,170 492,799 (137,956)441,284 
Total liabilities27,761 8,544 737 6 — — 4 — 3,520 297,397 (38,576)299,393 
Non-controlling interest – preferred equity— — — — — — 230 — — — — 230 
1.This column accounts for investments in all subsidiaries of the Corporation under the equity method.
2.This column accounts for investments in all subsidiaries of the Corporation other than BFI, BFI II, BFL, BFL II, BF AUS, BF U.K., the US LLC Issuer and BIC on a combined basis.
3.This column includes the necessary amounts to present the company on a consolidated basis.