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Acquisitions and Other (Tables) | 12 Months Ended
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Dec. 31, 2020
InfraRed |
Disclosure of detailed information about business combination [line items] |
Fair values of identifiable assets and liabilities acquired | The fair values of the identifiable assets and liabilities acquired were:
As at July 1, 2020
Intangible assets | $ | 357 |
Net assets | 97
Deferred tax liabilities | (67) |
Total identifiable net assets at fair value | 387
Financial liability | (129) |
Goodwill arising on acquisition(1) | 288
Total consideration(2) | $ | 546 |
(1) Goodwill of $288 reflects InfraRed’s non-contractual customer relationships. (2) Amount includes $29 of contingent consideration.
BentallGreenOak |
Disclosure of detailed information about business combination [line items] |
Fair values of identifiable assets and liabilities acquired | The fair values of the identifiable assets and liabilities acquired were:
As at July 1, 2019
Intangible assets | $ | 238 |
Net assets | 23 |
Deferred tax liabilities | (48) |
Total identifiable net assets at fair value | 213 |
Non-controlling interests(1) | (339) |
Goodwill arising on acquisition | 537 |
Total consideration | $ | 411 |
(1) We have elected to measure NCI at fair value for this acquisition. The fair value was determined by calculating the proportionate share of the present value of future cash flows relating to NCI. Significant assumptions inherent in the valuation of NCI include the estimated after-tax cash flows expected to be received and an assessment of the appropriate discount rate.
Impact of acquisition on assets, liabilities, and equity | Excess amounts were recognized against Retained earnings. At the date of acquisition, the impact to our assets, liabilities, and equity is as follows:
As at July 1, 2019 | Share purchase | Additional components | Total
Cash consideration |  | $ | (192) |  |  | $ | — |  |  | $ | (192) |
Net assets |  | 23 |  |  | — |  |  | 23 |
Intangible assets |  | 238 |  |  | — |  |  | 238 |
Goodwill(1) |  | 537 |  |  | — |  |  | 537 |
Total assets |  | $ | 606 |  |  | $ | — |  |  | $ | 606 |
Deferred tax liability |  | $ | (48) |  |  | $ | — |  |  | $ | (48) |
Put option liability |  | — |  |  | (951) |  |  | (951) |
Deferred payments liability |  | — |  |  | (467) |  |  | (467) |
Total liabilities |  | $ | (48) |  |  | $ | (1,418) |  |  | $ | (1,466) |
Non-controlling interests - Bentall Kennedy |  | $ | (171) |  | (2) | $ | 171 |  |  | $ | — |
Non-controlling interests - GreenOak(3) |  | (339) |  |  | 324 |  |  | (15) |
Retained earnings |  | (48) |  | (2) | 923 |  |  | 875 |
Total equity |  | $ | (558) |  |  | $ | 1,418 |  |  | $ | 860 |
(1) Goodwill of $537 reflects GreenOak’s non-contractual customer relationships. Approximately $285 of goodwill is tax-deductible. (2) The aggregate amount of $219 represents the fair value of our interest in Bentall Kennedy transferred as consideration. (3) The remaining $15 represents specifically identifiable assets where the risks and rewards accrue to the former GreenOak shareholders and are distributed through a separate class of shares.

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