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 | |
|