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EARNINGS PER SHARE (Tables) | 6 Months Ended
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Jun. 30, 2022
Earnings per share [abstract] |
Components of Basic Earnings per Share | The components of basic earnings per share are summarized in the following table:
FOR THE PERIOD ENDED JUN. 30 2022 US$ MILLIONS, EXCEPT PER SHARE AMOUNTS | Three Months Ended |  | Six Months Ended
| 2022 |  | 2021 |  | 2022 |  | 2021
Net income for the year | $ | 1 |  |  | $ | 2 |  |  | $ | 129 |  |  | $ | 5 |
Attributable to: |  |  |  |  |  |  |
Brookfield Asset Management Inc. | — |  |  | 2 |  |  | — |  |  | 5 |
Class A exchangeable and Class B shareholders | 1 |  |  | — |  |  | 3 |  |  | — |
Class C shareholders | 2 |  |  | — |  |  | 128 |  |  | — |
Non-controlling interests | (2) |  |  | — |  |  | (2) |  |  | — |
Weighted average shares – Class C shares | 28,003,194 |  |  | 16,934,688 |  |  | 25,786,188 |  |  | 16,934,688 |
Earnings per share per class C share basic | $ | 0.06 |  |  | $ | 0.00 |  |  | $ | 4.99 |  |  | $ | 0.00 |

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- Definition The disclosure of earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 33 -IssueDate 2021-01-01 -Paragraph 66 -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=33&code=ifrs-tx-2021-en-r&anchor=para_66&doctype=Standard -URIDate 2021-03-24 + Details
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