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v3.23.2

ORGANIZATION AND CAPITAL MANAGEMENT (Tables) | 6 Months Ended
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Jun. 30, 2023
Management Commentary Explanatory [Abstract] |
Summary of the Corporation's Capital [Table] | As at June 30, 2023, the Corporation’s capital totaled $58.4 billion (December 31, 2022 – $55.4 billion), and is computed as follows:
AS AT JUN. 30, 2023 AND DEC. 31, 2022 (MILLIONS) |  |  |  |  | 2023 |  | 2022
Cash and cash equivalents |  |  |  |  | $ | 1,222 |  |  | $ | 1,282 |
Other financial assets |  |  |  |  | 6,989 |  |  | 6,870 |
Common equity in managed investments |  |  |  |  | 50,985 |  |  | 49,391 |
Other assets and liabilities of the Corporation |  |  |  |  | (747) |  |  | (2,170) |
Corporation’s Capital |  |  |  |  | $ | 58,449 |  |  | $ | 55,373 |
Corporation’s Capital is comprised of the following: |  |  |  |  |  |  |
Common equity |  |  |  |  | $ | 40,498 |  |  | $ | 39,608 |
Preferred equity |  |  |  |  | 4,103 |  |  | 4,145 |
Non-controlling interest |  |  |  |  | 230 |  |  | 230 |
Corporate borrowings |  |  |  |  | 13,618 |  |  | 11,390 |
|  |  |  |  | $ | 58,449 |  |  | $ | 55,373 |
Reconciliation of the Corporation's Capital [Table] | A reconciliation of the Corporation’s capital to the company’s consolidated balance sheet as at June 30, 2023 is as follows:
AS AT JUN. 30, 2023 (MILLIONS) |  |  | The Corporation |  | Investments |  | Elimination 1 |  | Total Consolidated |
Cash and cash equivalents |  |  | $ | 1,222 |  |  | $ | 11,205 |  |  | $ | — |  |  | $ | 12,427 |  |
Other financial assets |  |  | 6,989 |  |  | 22,477 |  |  | — |  |  | 29,466 |  |
Accounts receivable and other 1 |  |  | 2,127 |  |  | 26,951 |  |  | (15) |  |  | 29,063 |  |
Inventory |  |  | — |  |  | 13,006 |  |  | — |  |  | 13,006 |  |
Assets classified as held for sale |  |  | — |  |  | 2,684 |  |  | — |  |  | 2,684 |  |
Equity accounted investments |  |  | 2,138 |  |  | 50,003 |  |  | — |  |  | 52,141 |  |
Investment properties |  |  | 25 |  |  | 119,755 |  |  | — |  |  | 119,780 |  |
Property, plant and equipment |  |  | 151 |  |  | 127,311 |  |  | — |  |  | 127,462 |  |
Intangible assets |  |  | 82 |  |  | 41,135 |  |  | — |  |  | 41,217 |  |
Goodwill |  |  | — |  |  | 32,329 |  |  | — |  |  | 32,329 |  |
Deferred income tax assets |  |  | 573 |  |  | 2,986 |  |  | — |  |  | 3,559 |  |
Accounts payable and other 1 |  |  | (5,279) |  |  | (52,713) |  |  | 15 |  |  | (57,977) |  |
Liabilities associated with assets classified as held for sale |  |  | — |  |  | (1,489) |  |  | — |  |  | (1,489) |  |
Deferred income tax liabilities |  |  | (122) |  |  | (24,211) |  |  | — |  |  | (24,333) |  |
Subsidiary equity obligations |  |  | (442) |  |  | (3,607) |  |  | — |  |  | (4,049) |  |
Total |  |  | 7,464 |  |  | 367,822 |  |  | — |  |  | 375,286 |  |
Common equity in investments 2 |  |  | 50,985 |  | — |  | (50,985) |  |  | — |  |
Corporation’s Capital |  |  | 58,449 |  |  | 367,822 |  |  | (50,985) |  |  | 375,286 |  |
Less: |  |  |  |  |  |  |  |  |  |
Corporate borrowings |  |  | 13,618 |  |  | — |  |  | — |  |  | 13,618 |  |
Non-recourse borrowings of managed entities |  |  | — |  |  | 206,085 |  |  | — |  |  | 206,085 |  |
Amounts attributable to preferred equity |  |  | 4,103 |  |  | — |  |  | — |  |  | 4,103 |  |
Amounts attributable to non-controlling interests |  |  | 230 |  |  | 110,752 |  |  | — |  |  | 110,982 |  |
Common equity |  |  | $ | 40,498 |  |  | $ | 50,985 |  |  | $ | (50,985) |  |  | $ | 40,498 |  |
1.Contains the gross up of intercompany balances, including accounts receivable and other, and accounts payable and other of $15 million and $15 million, respectively, between entities within the Corporation and its investments. 2.Represents the value of the Corporation’s investments. A reconciliation of the Corporation’s capital to the company’s consolidated balance sheet as at December 31, 2022 is as follows:
AS AT DEC. 31, 2022 (MILLIONS) |  |  | The Corporation |  | Investments |  | Elimination 1 |  | Total Consolidated |
Cash and cash equivalents |  |  | $ | 1,282 |  |  | $ | 13,114 |  |  | $ | — |  |  | $ | 14,396 |  |
Other financial assets |  |  | 6,870 |  | 20,029 |  | — |  |  | 26,899 |  |
Accounts receivable and other 1 |  |  | 2,196 |  | 25,431 |  | (249) |  |  | 27,378 |  |
Inventory |  |  | 2 |  | 12,841 |  | — |  |  | 12,843 |  |
Assets classified as held for sale |  |  | — |  | 2,830 |  | — |  |  | 2,830 |  |
Equity accounted investments |  |  | 1,460 |  | 45,634 |  | — |  |  | 47,094 |  |
Investment properties |  |  | 27 |  | 115,073 |  | — |  |  | 115,100 |  |
Property, plant and equipment |  |  | 146 |  | 124,122 |  | — |  |  | 124,268 |  |
Intangible assets |  |  | 81 |  | 38,330 |  | — |  |  | 38,411 |  |
Goodwill |  |  | — |  | 28,662 |  | — |  |  | 28,662 |  |
Deferred income tax assets |  |  | 475 |  | 2,928 |  | — |  |  | 3,403 |  |
Accounts payable and other 1 |  |  | (6,004) |  |  | (51,310) |  |  | 249 |  |  | (57,065) |  |
Liabilities associated with assets classified as held for sale |  |  | — |  |  | (876) |  |  | — |  |  | (876) |  |
Deferred income tax liabilities |  |  | (112) |  |  | (23,078) |  |  | — |  |  | (23,190) |  |
Subsidiary equity obligations |  |  | (441) |  |  | (3,747) |  |  | — |  |  | (4,188) |  |
Total |  |  | 5,982 |  |  | 349,983 |  |  | — |  |  | 355,965 |  |
Common equity in investments 2 |  |  | 49,391 |  | — |  | (49,391) |  |  | — |  |
Corporation’s Capital |  |  | 55,373 |  |  | 349,983 |  |  | (49,391) |  |  | 355,965 |  |
Less: |  |  |  |  |  |  |  |  |  |
Corporate borrowings |  |  | 11,390 |  |  | — |  |  | — |  |  | 11,390 |  |
Non-recourse borrowings of managed entities |  |  | — |  | 202,684 |  | — |  |  | 202,684 |  |
Amounts attributable to preferred equity |  |  | 4,145 |  |  | — |  |  | — |  |  | 4,145 |  |
Amounts attributable to non-controlling interests |  |  | 230 |  |  | 97,908 |  |  | — |  |  | 98,138 |  |
Common equity |  |  | $ | 39,608 |  |  | $ | 49,391 |  |  | $ | (49,391) |  |  | $ | 39,608 |  |
1.Contains the gross up of intercompany balances, including accounts receivable and other, and accounts payable and other of $249 million and $249 million, respectively, between entities within the Corporation and its investments. 2.Represents the value of the Corporation’s investments

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