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Acquisitions and Other (Tables)
 12 Months Ended
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 assets97
Deferred tax liabilities(67)
Total identifiable net assets at fair value387
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 assets23 
Deferred tax liabilities(48)
Total identifiable net assets at fair value213 
Non-controlling interests(1)
(339)
Goodwill arising on acquisition537 
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, 2019Share purchaseAdditional componentsTotal
Cash consideration$(192)$— $(192)
Net assets23 — 23 
Intangible assets238 — 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.