OTHER COMPREHENSIVE INCOME (LOSS) (Tables)

12 Months Ended

Dec. 31, 2022

Disclosure of analysis of other comprehensive income by item [abstract]

Disclosure of other comprehensive income (loss)

Other comprehensive (loss) income consists of the following:

(US$ Millions) Years ended Dec. 31,	2022		2021		2020
Items that may be reclassified to net income:
Foreign currency translation
Unrealized foreign currency translation (losses) gains in respect of foreign operations	$	(1,233)	$	(467)	$	87
Reclassification of realized foreign currency translation gains to net income on disposition of foreign operations	189		27		—
Gains (losses) on hedges of net investments in foreign operations	539		163		650
	(505)		(277)		737
Cash flow hedges
Gains on derivatives designated as cash flow hedges, net of income tax expense (benefit) of $(9) million (2021 - $(12) million; 2020 - $4 million)	49		95		116
	49		95		116
Equity accounted investments
Share of unrealized foreign currency translations (losses) gains in respect of foreign operations	(1)		(2)		4
Share of gains (losses) on derivatives designated as cash flow hedges	129		56		(62)
	128		54		(58)
Items that will not be reclassified to net income:
Unrealized (losses) gains on securities - FVTOCI, net of income tax (expense) benefit of $(2) million (2021 - $(59) million; 2020 - $11 million)	(26)		(33)		17
Share of revaluation surplus (losses) on equity accounted investments	113		354		(206)
Net remeasurement gains (losses) on defined benefit plan	1		—		(1)
Revaluation surplus (loss), net of income tax (expense) benefit of $(72) million (2021 –$(120) million; 2020 – $49 million)	655		811		(191)
	743		1,132		(381)
Total other comprehensive income	$	415	$	1,004	$	414