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SUBSIDIARY EQUITY OBLIGATIONS (Tables) | 12 Months Ended
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Dec. 31, 2021
Disclosure of financial liabilities [abstract] |
Disclosure of detailed information about equity interests classified as liabilities [Table Text Block] | Our infrastructure property, plant and equipment consists of the following:
| Utilities |  | Transport |  | Midstream |  | Data |  | Sustainable Resources and Other |  | Total
AS AT AND FOR THE YEARS ENDED DEC. 31 (MILLIONS) | 2021 |  | 2020 |  | 2021 |  | 2020 |  | 2021 |  | 2020 |  | 2021 |  | 2020 |  | 2021 |  | 2020 |  | 2021 |  | 2020
Cost, beginning of year | $ | 9,306 |  |  | $ | 8,654 |  |  | $ | 8,698 |  |  | $ | 8,309 |  |  | $ | 4,321 |  |  | $ | 3,971 |  |  | $ | 8,593 |  |  | $ | 1,131 |  |  | $ | 294 |  |  | $ | 389 |  |  | $ | 31,212 |  |  | $ | 22,454 |
Additions, net of disposals and assets reclassified as held for sale | (1,788) |  |  | 550 |  |  | 312 |  |  | 146 |  |  | 511 |  |  | 277 |  |  | (103) |  |  | 51 |  |  | (294) |  |  | (16) |  |  | (1,362) |  |  | 1,008 |
Acquisitions through business combinations | 180 |  |  | — |  |  | 134 |  |  | — |  |  | 9,865 |  |  | — |  |  | — |  |  | 7,334 |  |  | — |  |  | — |  |  | 10,179 |  |  | 7,334 |
Foreign currency translation | (116) |  |  | 102 |  |  | (145) |  |  | 243 |  |  | 165 |  |  | 73 |  |  | (166) |  |  | 77 |  |  | 2 |  |  | (79) |  |  | (260) |  |  | 416 |
Cost, end of year | 7,582 |  |  | 9,306 |  |  | 8,999 |  |  | 8,698 |  |  | 14,862 |  |  | 4,321 |  |  | 8,324 |  |  | 8,593 |  |  | 2 |  |  | 294 |  |  | 39,769 |  |  | 31,212 |
Accumulated fair value changes, beginning of year | 2,917 |  |  | 2,187 |  |  | 1,047 |  |  | 857 |  |  | 338 |  |  | 317 |  |  | — |  |  | — |  |  | 324 |  |  | 416 |  |  | 4,626 |  |  | 3,777 |
Disposition and assets reclassified as held for sale | (1,399) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (244) |  |  | — |  |  | (1,643) |  |  | — |
Fair value changes | 134 |  |  | 652 |  |  | 48 |  |  | 113 |  |  | 70 |  |  | 21 |  |  | — |  |  | — |  |  | (80) |  |  | 6 |  |  | 172 |  |  | 792 |
Foreign currency translation | (26) |  |  | 78 |  |  | (50) |  |  | 77 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (2) |  |  | (98) |  |  | (78) |  |  | 57 |
Accumulated fair value changes, end of year | 1,626 |  |  | 2,917 |  |  | 1,045 |  |  | 1,047 |  |  | 408 |  |  | 338 |  |  | — |  |  | — |  |  | (2) |  |  | 324 |  |  | 3,077 |  |  | 4,626 |
Accumulated depreciation, beginning of year | (1,613) |  |  | (1,172) |  |  | (1,404) |  |  | (950) |  |  | (356) |  |  | (208) |  |  | (263) |  |  | (88) |  |  | (35) |  |  | (41) |  |  | (3,671) |  |  | (2,459) |
Depreciation expenses | (352) |  |  | (419) |  |  | (481) |  |  | (498) |  |  | (270) |  |  | (141) |  |  | (419) |  |  | (189) |  |  | (4) |  |  | (10) |  |  | (1,526) |  |  | (1,257) |
Dispositions and assets reclassified as held for sale | 682 |  |  | 12 |  |  | 161 |  |  | 134 |  |  | 20 |  |  | — |  |  | 45 |  |  | 17 |  |  | 38 |  |  | 7 |  |  | 946 |  |  | 170 |
Foreign currency translation | 11 |  |  | (34) |  |  | 56 |  |  | (90) |  |  | (16) |  |  | (7) |  |  | 8 |  |  | (3) |  |  | 1 |  |  | 9 |  |  | 60 |  |  | (125) |
Accumulated depreciation, end of year | (1,272) |  |  | (1,613) |  |  | (1,668) |  |  | (1,404) |  |  | (622) |  |  | (356) |  |  | (629) |  |  | (263) |  |  | — |  |  | (35) |  |  | (4,191) |  |  | (3,671) |
Balance, end of year | $ | 7,936 |  |  | $ | 10,610 |  |  | $ | 8,376 |  |  | $ | 8,341 |  |  | $ | 14,648 |  |  | $ | 4,303 |  |  | $ | 7,695 |  |  | $ | 8,330 |  |  | $ | — |  |  | $ | 583 |  |  | $ | 38,655 |  |  | $ | 32,167 |
Subsidiary equity obligations consist of the following:
AS AT DEC. 31 (MILLIONS) | Note |  | 2021 |  | 2020
Subsidiary preferred equity units | (a) |  | $ | 1,585 |  |  | $ | 1,679 |
Limited-life funds and redeemable fund units | (b) |  | 1,538 |  |  | 1,456 |
Subsidiary preferred shares and capital | (c) |  | 1,185 |  |  | 564 |
Total |  |  | $ | 4,308 |  |  | $ | 3,699 |
AS AT DEC. 31 (MILLIONS, EXCEPT PER SHARE INFORMATION) | Shares Outstanding |  | Cumulative Dividend Rate |  | Local Currency |  | 2021 |  | 2020
Series 1 | — |  |  | 6.25 | % |  | US$ |  | $ | — |  |  | $ | 586 |
Series 2 | 24,000,000 |  |  | 6.50 | % |  | US$ |  | 565 |  |  | 555 |
Series 3 | 24,000,000 |  |  | 6.75 | % |  | US$ |  | 546 |  |  | 538 |
New LP Preferred Units | 19,273,654 |  |  | 6.25 | % |  | US$ |  | 474 |  |  | — |
Total |  | $ | 1,585 |  |  | $ | 1,679 |
As at December 31, 2021 and 2020, the balances consist of the following:
AS AT DEC. 31 (MILLIONS, EXCEPT PER SHARE INFORMATION) | Shares Outstanding |  | Cumulative Dividend Rate |  | Local Currency |  | 2021 |  | 2020
Brookfield Property Split Corp. (“BOP Split”) senior preferred shares |  |  |  |  |  |  |  |  |
Series 1 | 842,534 |  |  | 5.25 | % |  | US$ |  | $ | 21 |  |  | $ | 21 |
Series 2 | 556,746 |  |  | 5.75 | % |  | C$ |  | 11 |  |  | 11 |
Series 3 | 781,592 |  |  | 5.00 | % |  | C$ |  | 15 |  |  | 16 |
Series 4 | 582,894 |  |  | 5.20 | % |  | C$ |  | 12 |  |  | 12 |
BSREP II RH B LLC (“Manufactured Housing”) preferred capital | — |  | 9.00% |  | US$ |  | — |  |  | 249 |
Rouse Series A preferred shares | 5,600,000 |  | 5.00% |  | US$ |  | 142 |  |  | 142 |
Brookfield India Real Estate Trust (“BIRET”) | 138,181,800 |  | See footnote 1 |  | US$ |  | 440 |  |  | — |
India Infrastructure Investment Trusts | 371,800,000 |  | See footnote 1 |  | INR |  | 471 |  |  | — |
BSREP II Vintage Estate Partners LLC (“Vintage Estates”) preferred shares | — |  | 5.00% |  | US$ |  | — |  |  | 40 |
BIP Investment Corporation Series 1 Senior preferred shares | 4,000,000 |  | 5.85% |  | C$ |  | 73 |  |  | 73 |
Total |  | $ | 1,185 |  |  | $ | 564 |
1.The dividend rate pertaining to BIRET and India Infrastructure Investment Trusts is equal to a minimum of 90% of net distributable cash flows.

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