XML 45 R30.htm IDEA: XBRL DOCUMENT
v3.23.2

SEGMENTED INFORMATION (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2023
Disclosure of operating segments [abstract] |
Disclosure of entity's operating segments | Reportable Segment Measures
AS AT AND FOR THE THREE MONTHS ENDED JUN. 30, 2023 (MILLIONS) | Asset Management |  | Insurance Solutions 2 |  | Renewable Power and Transition |  | Infrastructure |  | Private Equity |  | Real Estate |  | Corporate Activities |  |  |  | Total |  | Note
External revenues | $ | 2,601 |  |  | n/a |  | $ | 1,540 |  |  | $ | 4,354 |  |  | $ | 13,628 |  |  | $ | 1,495 |  |  | $ | 50 |  |  |  |  | $ | 23,668 |  |  |
Inter-segment and other revenues 1 | 1,180 |  |  | n/a |  | — |  |  | 1 |  |  | (5) |  |  | 10 |  |  | 26 |  |  |  |  | 1,212 |  |  | i
Segmented revenues | 3,781 |  |  | n/a |  | 1,540 |  |  | 4,355 |  |  | 13,623 |  |  | 1,505 |  |  | 76 |  |  |  |  | 24,880 |  |  |
DE | 777 |  |  | 160 |  |  | n/a |  | n/a |  | n/a |  | n/a |  | n/a |  |  |  | n/a |  | ii
FFO 1 | n/a |  | n/a |  | 143 |  |  | 243 |  |  | 121 |  |  | n/a |  | (133) |  |  |  |  | n/a |  | ii
NOI | n/a |  | n/a |  | n/a |  | n/a |  | n/a |  | 825 |  |  | n/a |  |  |  | n/a |  | ii
Common equity | 20,801 |  |  | 4,006 |  |  | 5,426 |  |  | 2,513 |  |  | 2,515 |  |  | 22,793 |  |  | (17,556) |  |  |  |  | 40,498 |  |  |
1.We equity account for our investment in Oaktree and include our share of the FFO at our ownership of 68%. For segment reporting, Oaktree’s revenue is shown on a 100% basis. For the three months ended June 30, 2023, $333 million of Oaktree’s revenue was included in our Asset Management segment revenue. 2.We equity account for our investment in Brookfield Reinsurance Ltd. (“BNRE”), and as such do not generate consolidated external or inter-segment revenues.
AS AT DEC. 31, 2022 AND FOR THE THREE MONTHS ENDED JUN. 30, 2022 (MILLIONS) | Asset Management |  | Insurance Solutions 2 |  | Renewable Power and Transition |  | Infrastructure |  | Private Equity |  | Real Estate |  | Corporate Activities |  |  |  | Total |  | Note
External revenues | $ | 2,080 |  |  | n/a |  | $ | 1,340 |  |  | $ | 3,735 |  |  | $ | 14,581 |  |  | $ | 1,456 |  |  | $ | 64 |  |  |  |  | $ | 23,256 |  |  |
Inter-segment and other revenues 1 | 957 |  |  | n/a |  | — |  |  | 2 |  |  | 56 |  |  | 8 |  |  | (71) |  |  |  |  | 952 |  |  | i
Segmented revenues | 3,037 |  |  | n/a |  | 1,340 |  |  | 3,737 |  |  | 14,637 |  |  | 1,464 |  |  | (7) |  |  |  |  | 24,208 |  |  |
DE | 917 |  |  | 46 |  |  | n/a |  | n/a |  | n/a |  | n/a |  | n/a |  |  |  | n/a |  | ii
FFO 1 | n/a |  | n/a |  | 122 |  |  | 183 |  |  | 223 |  |  | n/a |  | (130) |  |  |  |  | n/a |  | ii
NOI | n/a |  | n/a |  | n/a |  | n/a |  | n/a |  | 812 |  |  | n/a |  |  |  | n/a |  | ii
Common equity | 19,645 |  |  | 3,996 |  |  | 5,274 |  |  | 2,524 |  |  | 2,439 |  |  | 22,825 |  |  | (17,095) |  |  |  |  | 39,608 |  |  |
1.We equity account for our investment in Oaktree and include our share of the FFO at 64%. For segment reporting, Oaktree’s revenue is shown on a 100% basis. For the three months ended June 30, 2022, $347 million of Oaktree’s revenue was included in our Asset Management segment revenue. 2.We equity account for our investment in BNRE, and as such do not generate consolidated external or inter-segment revenues.
FOR THE SIX MONTHS ENDED JUN. 30, 2023 (MILLIONS) | Asset Management |  | Insurance Solutions 2 |  | Renewable Power and Transition |  | Infrastructure |  | Private Equity |  | Real Estate |  | Corporate Activities |  |  | Total Segments |  | Note
External revenues | $ | 5,072 |  |  | n/a |  | $ | 2,903 |  |  | $ | 8,638 |  |  | $ | 27,364 |  |  | $ | 2,918 |  |  | $ | 70 |  |  |  | $ | 46,965 |  |  |
Inter-segment and other revenues 1 | 2,597 |  |  | n/a |  | — |  |  | 3 |  |  | 40 |  |  | 18 |  |  | 26 |  |  |  | 2,684 |  |  | i
Segmented revenues | 7,669 |  |  | n/a |  | 2,903 |  |  | 8,641 |  |  | 27,404 |  |  | 2,936 |  |  | 96 |  |  |  | 49,649 |  |  |
DE | 1,655 |  |  | 305 |  |  | n/a |  | n/a |  | n/a |  | n/a |  | n/a |  |  | n/a |  | ii
FFO 1 | n/a |  | n/a |  | 226 |  |  | 379 |  |  | 370 |  |  | n/a |  | (280) |  |  |  | n/a |  | ii
NOI | n/a |  | n/a |  | n/a |  | n/a |  | n/a |  | 1,702 |  |  | n/a |  |  | n/a |  | ii
1.We equity account for our investment in Oaktree and include our share of the FFO at 68%. For segment reporting, Oaktree’s revenue is shown on a 100% basis. For the six months ended June 30, 2023, $982 million of Oaktree’s revenues was included in our Asset Management segment revenue. 2.We equity account for our investment in BNRE, and as such do not generate consolidated external or inter-segment revenues.
FOR THE SIX MONTHS ENDED JUN. 30, 2022 (MILLIONS) | Asset Management |  | Insurance Solutions 2 |  | Renewable Power and Transition |  | Infrastructure |  | Private Equity |  | Real Estate |  | Corporate Activities |  |  | Total Segments |  | Note
External revenues | $ | 4,113 |  |  | n/a |  | $ | 2,586 |  |  | $ | 7,195 |  |  | $ | 27,985 |  |  | $ | 3,157 |  |  | $ | 102 |  |  |  | $ | 45,138 |  |  |
Inter-segment and other revenues 1 | 2,120 |  |  | n/a |  | — |  |  | 3 |  |  | 128 |  |  | 15 |  |  | (70) |  |  |  | 2,196 |  |  | i
Segmented revenues | 6,233 |  |  | n/a |  | 2,586 |  |  | 7,198 |  |  | 28,113 |  |  | 3,172 |  |  | 32 |  |  |  | 47,334 |  |  |
DE | 1,804 |  |  | 59 |  |  | n/a |  | n/a |  | n/a |  | n/a |  | n/a |  |  | n/a |  | ii
FFO 1 | n/a |  | n/a |  | 192 |  |  | 296 |  |  | 424 |  |  | n/a |  | (209) |  |  |  | n/a |  | ii
NOI | n/a |  | n/a |  | n/a |  | n/a |  | n/a |  | 1,683 |  |  | n/a |  |  | n/a |  | ii
1.We equity account for our investment in Oaktree and include our share of the FFO at 64%. For segment reporting, Oaktree’s revenue is shown on a 100% basis. For the six months ended June 30, 2022, $851 million of Oaktree’s revenues was included in our Asset Management segment revenue. 2.We equity account for our investment in BNRE, and as such do not generate consolidated external or inter-segment revenues.
Summary of reconciliation of FFO to net income | The following table reconciles net income to the total of the segments’ measures of profit or loss as presented above for the three and six months ended June 30, 2023.
FOR THE PERIODS ENDED JUN. 30 (MILLIONS) |  |  | Three Months Ended |  | Six Months Ended
Note |  | 2023 |  | 2022 |  | 2023 |  | 2022
Net income |  |  | $ | 1,512 |  |  | $ | 1,475 |  |  | $ | 1,936 |  |  | $ | 4,435 |
Add/(Deduct): |  |  |  |  |  |  |  |  |
Equity accounted fair value changes and other non-FFO items |  |  | 703 |  |  | 535 |  |  | 1,507 |  |  | 761 |
Fair value changes |  |  | (62) |  |  | 397 |  |  | (100) |  |  | (1,383) |
Depreciation and amortization |  |  | 2,214 |  |  | 1,886 |  |  | 4,402 |  |  | 3,697 |
Deferred income taxes |  |  | (151) |  |  | (189) |  |  | (243) |  |  | 236 |
Realized disposition gains in fair value changes or equity | iii |  | 283 |  |  | 152 |  |  | 399 |  |  | 520 |
Non-controlling interests on above items |  |  | (3,127) |  |  | (2,857) |  |  | (5,349) |  |  | (5,270) |
Real Estate segment disposition gains |  |  | (283) |  |  | 66 |  |  | (345) |  |  | 20 |
Real Estate segment adjustments and other, net 1 |  |  | 1,047 |  |  | 708 |  |  | 2,150 |  |  | 1,233 |
Total segments’ measures of profit or loss |  |  | $ | 2,136 |  |  | $ | 2,173 |  |  | $ | 4,357 |  |  | $ | 4,249 |
1.Primarily comprised of Real Estate segment interest expense and corporate costs, net of investment income and other, net of non-controlling interests.
Summary of financial information by geographic regions | The company’s revenues by location of operations are as follows:
FOR THE PERIODS ENDED JUN. 30 (MILLIONS) | Three Months Ended |  | Six Months Ended
2023 |  | 2022 |  | 2023 |  | 2022
U.S. | $ | 6,900 |  |  | $ | 5,441 |  |  | $ | 13,852 |  |  | $ | 11,015 |
U.K. | 5,915 |  |  | 6,877 |  |  | 11,401 |  |  | 12,862 |
Canada | 2,614 |  |  | 2,903 |  |  | 5,232 |  |  | 5,433 |
Brazil | 1,385 |  |  | 1,341 |  |  | 2,698 |  |  | 2,553 |
Australia | 1,483 |  |  | 1,538 |  |  | 2,957 |  |  | 2,999 |
India | 729 |  |  | 697 |  |  | 1,405 |  |  | 1,375 |
Colombia | 557 |  |  | 527 |  |  | 1,087 |  |  | 1,064 |
Germany | 511 |  |  | 485 |  |  | 1,032 |  |  | 1,020 |
Other Europe | 2,297 |  |  | 2,255 |  |  | 4,708 |  |  | 4,501 |
Other Asia | 682 |  |  | 689 |  |  | 1,452 |  |  | 1,411 |
Other | 595 |  |  | 503 |  |  | 1,141 |  |  | 905 |
| $ | 23,668 |  |  | $ | 23,256 |  |  | $ | 46,965 |  |  | $ | 45,138 |
The company’s consolidated assets by location are as follows:
AS AT JUN. 30, 2023 AND DEC. 31, 2022 (MILLIONS) | 2023 |  | 2022
U.S. | $ | 212,278 |  |  | $ | 206,714 |
Canada | 51,312 |  |  | 50,894 |
U.K. | 35,083 |  |  | 31,940 |
Brazil | 28,440 |  |  | 25,500 |
Australia | 26,781 |  |  | 27,068 |
India | 21,357 |  |  | 19,521 |
Germany | 15,241 |  |  | 12,262 |
Colombia | 12,050 |  |  | 10,567 |
Other Europe | 33,126 |  |  | 31,713 |
Other Asia | 15,240 |  |  | 14,655 |
Other | 12,226 |  |  | 10,450 |
| $ | 463,134 |  |  | $ | 441,284 |

X
- Definition Disclosure Of Reconciliation Of Funds From Operations To Net Income + References No definition available. + Details
Name: | bn_DisclosureOfReconciliationOfFundsFromOperationsToNetIncomeTableTextBlock
Namespace Prefix: | bn_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 8 -IssueDate 2022-03-24 -Section Disclosure -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=8&code=ifrs-tx-2022-en-r&doctype=Standard&dita_xref=IFRS08_g20-24__IFRS08_g20-24_TI -URIDate 2022-03-24 + Details
Name: | ifrs-full_DisclosureOfEntitysReportableSegmentsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of geographical information. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 8 -IssueDate 2022-03-24 -Paragraph 33 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=8&code=ifrs-tx-2022-en-r&anchor=para_33&doctype=Standard -URIDate 2022-03-24 + Details
Name: | ifrs-full_DisclosureOfGeographicalAreasExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | ifrs-full_DisclosureOfOperatingSegmentsAbstract
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration