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HELD FOR SALE | 12 Months Ended
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Dec. 31, 2022
Non-current assets or disposal groups classified as held for sale or as held for distribution to owners [abstract] |
HELD FOR SALE | HELD FOR SALE The following is a summary of the assets and liabilities classified as held for sale as at December 31, 2022 and 2021:
AS AT DEC. 31 (MILLIONS) | Real Estate |  |  |  | Renewable Power and Transition |  | Infrastructure |  | Private Equity and Other |  | 2022 Total |  | 2021 Total |  |
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | — |  |  |  |  | $ | 9 |  |  | $ | 37 |  |  | $ | — |  |  | $ | 46 |  |  | $ | 213 |  |  |
Accounts receivable and other | 2 |  |  |  |  | 12 |  |  | 33 |  |  | 107 |  |  | 154 |  |  | 298 |  |  |
Equity accounted investments | 277 |  |  |  |  | — |  |  | 138 |  |  | (8) |  |  | 407 |  |  | 276 |  |  |
Investment properties | 388 |  |  |  |  | — |  |  | — |  |  | — |  |  | 388 |  |  | 9,053 |  |  |
Property, plant and equipment | 6 |  |  |  |  | 910 |  |  | 4 |  |  | 107 |  |  | 1,027 |  |  | 1,874 |  |  |
Intangible assets | — |  |  |  |  | — |  |  | 582 |  |  | 130 |  |  | 712 |  |  | — |  |  |
Goodwill | — |  |  |  |  | — |  |  | 21 |  |  | 11 |  |  | 32 |  |  | 220 |  |  |
Other long-term assets | 14 |  |  |  |  | 6 |  |  | 41 |  |  | — |  |  | 61 |  |  | — |  |  |
Deferred income tax assets | — |  |  |  |  | — |  |  | — |  |  | 3 |  |  | 3 |  |  | 24 |  |  |
Assets classified as held for sale | $ | 687 |  |  |  |  | $ | 937 |  |  | $ | 856 |  |  | $ | 350 |  |  | $ | 2,830 |  |  | $ | 11,958 |  |  |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable and other | $ | 4 |  |  |  |  | $ | 181 |  |  | $ | 81 |  |  | $ | 38 |  |  | $ | 304 |  |  | $ | 139 |  |  |
Non-recourse borrowings of managed entities | — |  |  |  |  | 171 |  |  | 394 |  |  | 4 |  |  | 569 |  |  | 3,009 |  |  |
Deferred income tax liabilities | — |  |  |  |  | — |  |  | 3 |  |  | — |  |  | 3 |  |  | — |  |  |
Liabilities associated with assets classified as held for sale | $ | 4 |  |  |  |  | $ | 352 |  |  | $ | 478 |  |  | $ | 42 |  |  | $ | 876 |  |  | $ | 3,148 |  |  |
As at December 31, 2022, assets held for sale within our Real Estate segment include three malls in the U.S., two hospitality assets in the U.S., and one office asset in the U.S. Assets held for sale within our Renewable Power segment include a 378 MW operating hydroelectric portfolio in the U.S., as well as wind assets in the U.S. that were acquired as part of the acquisition of a renewables developer. Assets held for sale within our Infrastructure segment include the agreement to sell our Indian toll road operations, as well as the agreement from one of our subsidiaries to sell its 50% interest in a freeland port in Victoria, Australia. For the year ended December 31, 2022, we disposed of $13.5 billion and $3.7 billion of assets and liabilities, respectively. The majority of disposals relate to the sales of a student housing portfolio in the U.K., a triple-net lease portfolio, a hospitality portfolio, eleven malls and an office asset in the U.S, within our Real Estate segment

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- Definition The disclosure of non-current assets or disposal groups classified as held for sale. [Refer: Non-current assets or disposal groups classified as held for sale] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2021-01-01 -Paragraph 10 -Subparagraph e -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=1&code=ifrs-tx-2021-en-r&anchor=para_10_e&doctype=Standard -URIDate 2021-03-24 + Details
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