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MANAGEMENT OF RISKS ARISING FROM HOLDING FINANCIAL INSTRUMENTS (Tables)
 12 Months Ended
Dec. 31, 2023
Disclosure of detailed information about financial instruments [abstract]  
Disclosure of maturity analysis for financial liabilities
The following tables present the contractual maturities of the company’s financial liabilities as at December 31, 2023 and 2022.
Payments Due by Period
AS AT DEC. 31, 2023
(MILLIONS)
<1 Year1 to 3 Years4 to 5 YearsAfter 5 YearsTotal
Principal repayments
Corporate borrowings1
$604 $1,631 $1,434 $8,491 $12,160 
Non-recourse borrowings of managed entities56,854 54,360 48,795 61,541 221,550 
Subsidiary equity obligations932 774 44 2,395 4,145 
Interest expense2
Corporate borrowings520 948 821 3,975 6,264 
Non-recourse borrowings13,461 20,000 13,970 22,156 69,587 
Subsidiary equity obligations169 253 174 933 1,529 
Lease obligations3
1,131 2,044 1,638 12,180 16,993 
1.Payments due in less than one year includes $31 million of short-term commercial paper as at December 31, 2023.
2.Represents the aggregated interest expense expected to be paid over the term of the obligations. Variable interest rate payments have been calculated based on current rates.
3.The lease obligations as disclosed in the table above include leases that are classified as finance leases, short-term leases, low-value leases and variable lease payments not based on an index or rate, which are immaterial.
Payments Due by Period
AS AT DEC. 31, 2022
(MILLIONS)
<1 Year1 to 3 Years4 to 5 YearsAfter 5 YearsTotal
Principal repayments
Corporate borrowings1
$— $1,608 $1,486 $8,296 $11,390 
Non-recourse borrowings of managed entities42,883 58,726 44,119 56,956 202,684 
Subsidiary equity obligations1,187 746 553 1,702 4,188 
Interest expense2
Corporate borrowings484 863 728 3,916 5,991 
Non-recourse borrowings10,597 16,016 11,432 18,320 56,365 
Subsidiary equity obligations152 273 182 563 1,170 
Lease obligations3
1,186 1,855 1,540 13,192 17,773 
1.As at December 31, 2022,