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ACQUISITIONS OF CONSOLIDATED ENTITIES (Tables) | 12 Months Ended
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Dec. 31, 2021
Disclosure of detailed information about business combination [abstract] |
Disclosure of detailed information about business combinations | The following table summarizes the balance sheet impact as a result of business combinations that occurred in the year ended December 31, 2021. The valuations of the assets acquired are still under evaluation and as such the business combinations have been accounted for on a provisional basis:
(MILLIONS) | Private Equity |  | Infrastructure |  | Real Estate |  | Renewable Power and Transition and Other |  | Total
Cash and cash equivalents | $ | 288 |  |  | $ | 217 |  |  | $ | 78 |  |  | $ | 3 |  |  | $ | 586 |
Accounts receivable and other | 826 |  |  | 455 |  |  | 104 |  |  | 100 |  |  | 1,485 |
Inventory | 690 |  |  | 23 |  |  | 2 |  |  | 6 |  |  | 721 |
Equity accounted investments | 20 |  |  | — |  |  | 7 |  |  | 45 |  |  | 72 |
Investment properties | — |  |  | — |  |  | 988 |  |  | — |  |  | 988 |
Property, plant and equipment | 2,518 |  |  | 10,179 |  |  | 2,172 |  |  | 2,366 |  |  | 17,235 |
Intangible assets | 4,535 |  |  | 3,734 |  |  | 67 |  |  | — |  |  | 8,336 |
Goodwill | 3,960 |  |  | 2,400 |  |  | 113 |  |  | 118 |  |  | 6,591 |
Deferred income tax assets | 6 |  |  | 9 |  |  | — |  |  | — |  |  | 15 |
Total assets | 12,843 |  |  | 17,017 |  |  | 3,531 |  |  | 2,638 |  |  | 36,029 |
Less: |  |  |  |  |  |  |  |  |
Accounts payable and other | (1,811) |  |  | (3,271) |  |  | (131) |  |  | (188) |  |  | (5,401) |
Non-recourse borrowings | (132) |  |  | (6,698) |  |  | (1,452) |  |  | (975) |  |  | (9,257) |
Deferred income tax liabilities | (1,215) |  |  | (1,430) |  |  | (113) |  |  | — |  |  | (2,758) |
Non-controlling interests 1 | (22) |  |  | (156) |  |  | (3) |  |  | (2) |  |  | (183) |
| (3,180) |  |  | (11,555) |  |  | (1,699) |  |  | (1,165) |  |  | (17,599) |
Net assets acquired | $ | 9,663 |  |  | $ | 5,462 |  |  | $ | 1,832 |  |  | $ | 1,473 |  |  | $ | 18,430 |
Consideration 2 | $ | 9,663 |  |  | $ | 5,462 |  |  | $ | 1,832 |  |  | $ | 1,473 |  |  | $ | 18,430 |
1. Includes non-controlling interests recognized on business combinations measured as the proportionate share of fair value of the identifiable assets and liabilities on the date of acquisition. 2. Total consideration, including amounts paid by non-controlling interests that participated in the acquisition as investors in Brookfield-sponsored private funds or as co-investors. The following table summarizes the balance sheet impact as a result of significant business combinations that occurred in 2021. The valuations of the assets acquired are still under evaluation and as such the business combinations have been accounted for on a provisional basis.
|  |  |  | Private Equity |  | Infrastructure |  | Real Estate |  | Renewable Power and Transition
(MILLIONS) |  |  |  | Modulaire |  | DexKo |  | Aldo |  | IPL |  | Life Sciences Assets |  | U.S. Wind |  | U.S. Distributed Generation
Cash and cash equivalents |  |  |  | $ | 100 |  |  | $ | 106 |  |  | $ | 59 |  |  | $ | 121 |  |  | $ | 6 |  |  | $ | 1 |  |  | $ | 1 |
Accounts receivable and other |  |  |  | 418 |  |  | 278 |  |  | 31 |  |  | 420 |  |  | 1 |  |  | 71 |  |  | 28 |
Inventory |  |  |  | 104 |  |  | 436 |  |  | 48 |  |  | 20 |  |  | — |  |  | 6 |  |  | — |
Equity accounted investments |  |  |  | — |  |  | 19 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Investment properties |  |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 988 |  |  | — |  |  | — |
Property, plant and equipment |  |  |  | 1,963 |  |  | 462 |  |  | 5 |  |  | 9,865 |  |  | — |  |  | 1,643 |  |  | 723 |
Intangible assets |  |  |  | 1,941 |  |  | 2,212 |  |  | 295 |  |  | 2,569 |  |  | 2 |  |  | — |  |  | — |
Goodwill |  |  |  | 1,667 |  |  | 1,408 |  |  | 421 |  |  | 2,096 |  |  | 36 |  |  | — |  |  | 117 |
Deferred income tax assets |  |  |  | — |  |  | 6 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total assets |  |  |  | 6,193 |  |  | 4,927 |  |  | 859 |  |  | 15,091 |  |  | 1,033 |  |  | 1,721 |  |  | 869 |
Less: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable and other |  |  |  | (817) |  |  | (637) |  |  | (136) |  |  | (3,012) |  |  | (7) |  |  | (142) |  |  | (45) |
Non-recourse borrowings |  |  |  | (27) |  |  | (2) |  |  | — |  |  | (6,185) |  |  | — |  |  | (835) |  |  | (140) |
Deferred income tax liabilities |  |  |  | (590) |  |  | (504) |  |  | (100) |  |  | (1,229) |  |  | (36) |  |  | — |  |  | — |
Non-controlling interests 1 |  |  |  | — |  |  | (10) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
|  |  |  | (1,434) |  |  | (1,153) |  |  | (236) |  |  | (10,426) |  |  | (43) |  |  | (977) |  |  | (185) |
Net assets acquired |  |  |  | $ | 4,759 |  |  | $ | 3,774 |  |  | $ | 623 |  |  | $ | 4,665 |  |  | $ | 990 |  |  | $ | 744 |  |  | $ | 684 |
Consideration 2 |  |  |  | $ | 4,759 |  |  | $ | 3,774 |  |  | $ | 623 |  |  | $ | 4,665 |  |  | $ | 990 |  |  | $ | 744 |  |  | $ | 684 |
1. Includes non-controlling interests recognized on business combinations measured as the proportionate share of fair value of the identifiable assets and liabilities on the date of acquisition. 2.Total consideration, including amounts paid by non-controlling interests that participated in the acquisition as investors in Brookfield-sponsored private funds or as co-investors. The following table summarizes the balance sheet impact as a result of business combinations that occurred in the year ended December 31, 2020. No material changes were made to those allocations disclosed in the 2020 consolidated financial statements:
(MILLIONS) | Private Equity |  | Infrastructure |  |  |  | Real Estate, Renewable Power and Transition and Other |  | Total
Cash and cash equivalents | $ | 105 |  |  | $ | — |  |  |  |  | $ | 38 |  |  | $ | 143 |
Accounts receivable and other | 1,441 |  |  | 408 |  |  |  |  | 76 |  |  | 1,925 |
Inventory | 12 |  |  | — |  |  |  |  | 55 |  |  | 67 |
Property, plant and equipment | 84 |  |  | 7,334 |  |  |  |  | 661 |  |  | 8,079 |
Intangible assets | 27 |  |  | 532 |  |  |  |  | 66 |  |  | 625 |
Goodwill | 63 |  |  | 27 |  |  |  |  | 55 |  |  | 145 |
Deferred income tax assets | 31 |  |  | — |  |  |  |  | 15 |  |  | 46 |
Total assets | 1,763 |  |  | 8,301 |  |  |  |  | 966 |  |  | 11,030 |
Less: |  |  |  |  |  |  |  |  |
Accounts payable and other | (55) |  |  | (2,518) |  |  |  |  | (227) |  |  | (2,800) |
Non-recourse borrowings | (1,016) |  |  | (2,356) |  |  |  |  | (470) |  |  | (3,842) |
Deferred income tax liabilities | — |  |  | (22) |  |  |  |  | (12) |  |  | (34) |
Non-controlling interests 1 | (227) |  |  | — |  |  |  |  | (47) |  |  | (274) |
| (1,298) |  |  | (4,896) |  |  |  |  | (756) |  |  | (6,950) |
Net assets acquired | $ | 465 |  |  | $ | 3,405 |  |  |  |  | $ | 210 |  |  | $ | 4,080 |
Consideration 2 | $ | 465 |  |  | $ | 3,405 |  |  |  |  | $ | 210 |  |  | $ | 4,080 |
1. Includes non-controlling interests recognized on business combinations measured as the proportionate share of fair value of the identifiable assets and liabilities on the date of acquisition. 2.Total consideration, including amounts paid by non-controlling interests that participated in the acquisition as investors in Brookfield-sponsored private funds or as co-investors. The following table summarizes the balance sheet impact as a result of significant business combinations that occurred in 2020. No material changes were made to those allocations disclosed in the 2020 consolidated financial statements.
| Private Equity |  |  |  |  |  |  |  | Infrastructure |  |  |  |
(MILLIONS) | IndoStar |  |  |  |  |  |  |  | Summit DigiTel |  |  |  |  |  |
Cash and cash equivalents | $ | 78 |  |  |  |  |  |  |  |  | $ | — |  |  |  |  |  |  |
Accounts receivable and other | 1,391 |  |  |  |  |  |  |  |  | 408 |  |  |  |  |  |  |
Property, plant and equipment | 9 |  |  |  |  |  |  |  |  | 7,334 |  |  |  |  |  |  |
Intangible assets | 20 |  |  |  |  |  |  |  |  | 532 |  |  |  |  |  |  |
Goodwill | 21 |  |  |  |  |  |  |  |  | 27 |  |  |  |  |  |  |
Deferred income tax assets | 28 |  |  |  |  |  |  |  |  | — |  |  |  |  |  |  |
Total assets | 1,547 |  |  |  |  |  |  |  |  | 8,301 |  |  |  |  |  |  |
Less: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable and other | (30) |  |  |  |  |  |  |  |  | (2,518) |  |  |  |  |  |  |
Non-recourse borrowings | (1,003) |  |  |  |  |  |  |  |  | (2,356) |  |  |  |  |  |  |
Deferred income tax liabilities | — |  |  |  |  |  |  |  |  | (22) |  |  |  |  |  |  |
Non-controlling interests 1 | (219) |  |  |  |  |  |  |  |  | — |  |  |  |  |  |  |
| (1,252) |  |  |  |  |  |  |  |  | (4,896) |  |  |  |  |  |  |
Net assets acquired | $ | 295 |  |  |  |  |  |  |  |  | $ | 3,405 |  |  |  |  |  |  |
Consideration 2 | $ | 295 |  |  |  |  |  |  |  |  | $ | 3,405 |  |  |  |  |  |  |
1. Includes non-controlling interests recognized on business combinations measured as the proportionate share of fair value of the identifiable assets and liabilities on the date of acquisition. 2.Total consideration, including amounts paid by non-controlling interests that participated in the acquisition as investors in Brookfield-sponsored private funds or as co-investors.

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- Definition The disclosure of detailed information about business combinations. [Refer: Business combinations [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 3 -IssueDate 2021-01-01 -Section Disclosures application of paragraphs 59 and 61 -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=3&code=ifrs-tx-2021-en-r&doctype=Appendix&subtype=B&dita_xref=IFRS03_gB64-B67_TI -URIDate 2021-03-24 + Details
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