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ORGANIZATION AND CAPITAL MANAGEMENT (Tables) | 6 Months Ended
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Jun. 30, 2024
Management Commentary Explanatory [Abstract] |
Summary of the Corporation's Capital [Table] | As at June 30, 2024, the Corporation’s capital totaled $60.4 billion (December 31, 2023 – $58.2 billion), and is computed as follows:
AS AT JUN. 30, 2024 AND DEC. 31, 2023 (MILLIONS) | 2024 |  | 2023
Cash and cash equivalents | $ | 112 |  |  | $ | 134 |
Other financial assets | 4,408 |  |  | 4,004 |
Common equity in investments | 55,649 |  |  | 53,523 |
Other assets and liabilities of the Corporation | 219 |  |  | 506 |
Corporation’s Capital | $ | 60,388 |  |  | $ | 58,167 |
Corporation’s Capital is comprised of the following: |  |  |
Common equity | $ | 41,232 |  |  | $ | 41,674 |
Preferred equity | 4,103 |  |  | 4,103 |
Non-controlling interest | 230 |  |  | 230 |
Corporate borrowings | 14,823 |  |  | 12,160 |
| $ | 60,388 |  |  | $ | 58,167 |
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, 2024 is as follows:
AS AT JUN. 30, 2024 (MILLIONS) |  |  | The Corporation |  | Investments |  | Elimination 1 |  | Total Consolidated |
Cash and cash equivalents |  |  | $ | 112 |  |  | $ | 11,137 |  |  | $ | — |  |  | $ | 11,249 |  |
Other financial assets |  |  | 4,408 |  |  | 26,206 |  |  | — |  |  | 30,614 |  |
Accounts receivable and other 1 |  |  | 1,404 |  |  | 28,538 |  |  | (977) |  |  | 28,965 |  |
Inventory |  |  | — |  |  | 11,841 |  |  | — |  |  | 11,841 |  |
Assets classified as held for sale |  |  | — |  |  | 4,129 |  |  | — |  |  | 4,129 |  |
Equity accounted investments |  |  | 2,407 |  |  | 59,878 |  |  | — |  |  | 62,285 |  |
Investment properties |  |  | 18 |  |  | 127,217 |  |  | — |  |  | 127,235 |  |
Property, plant and equipment |  |  | 131 |  |  | 145,997 |  |  | — |  |  | 146,128 |  |
Intangible assets |  |  | 83 |  |  | 37,089 |  |  | — |  |  | 37,172 |  |
Goodwill |  |  | — |  |  | 34,270 |  |  | — |  |  | 34,270 |  |
Deferred income tax assets |  |  | 374 |  |  | 3,052 |  |  | — |  |  | 3,426 |  |
Accounts payable and other 1 |  |  | (3,769) |  |  | (54,463) |  |  | 977 |  |  | (57,255) |  |
Liabilities associated with assets classified as held for sale |  |  | — |  |  | (538) |  |  | — |  |  | (538) |  |
Deferred income tax liabilities |  |  | (427) |  |  | (23,993) |  |  | — |  |  | (24,420) |  |
Subsidiary equity obligations |  |  | (2) |  |  | (5,019) |  |  | — |  |  | (5,021) |  |
Total |  |  | 4,739 |  |  | 405,341 |  |  | — |  |  | 410,080 |  |
Common equity in investments 2 |  |  | 55,649 |  |  | — |  | (55,649) |  |  | — |  |
Corporation’s Capital |  |  | 60,388 |  |  | 405,341 |  |  | (55,649) |  |  | 410,080 |  |
Less: |  |  |  |  |  |  |  |  |  |
Corporate borrowings |  |  | 14,823 |  |  | — |  |  | — |  |  | 14,823 |  |
Non-recourse borrowings of managed entities |  |  | — |  |  | 227,693 |  |  | — |  |  | 227,693 |  |
Amounts attributable to preferred equity |  |  | 4,103 |  |  | — |  |  | — |  |  | 4,103 |  |
Amounts attributable to non-controlling interests |  |  | 230 |  |  | 121,999 |  |  | — |  |  | 122,229 |  |
Common equity |  |  | $ | 41,232 |  |  | $ | 55,649 |  |  | $ | (55,649) |  |  | $ | 41,232 |  |
1.Contains the gross up of intercompany balances, including accounts receivable and other, and accounts payable and other of $977 million and $977 million, respectively, between entities within the Corporation and its investments. 2.Represents the carrying value of the Corporation’s investments. A reconciliation of the Corporation’s capital to the company’s consolidated balance sheet as at December 31, 2023 is as follows:
AS AT DEC. 31, 2023 (MILLIONS) |  |  | The Corporation |  | Investments |  | Elimination 1 |  | Total Consolidated |
Cash and cash equivalents |  |  | $ | 134 |  |  | $ | 11,088 |  |  | $ | — |  |  | $ | 11,222 |  |
Other financial assets |  |  | 4,004 |  | 24,320 |  | — |  |  | 28,324 |  |
Accounts receivable and other 1 |  |  | 1,191 |  | 27,836 |  | (515) |  |  | 28,512 |  |
Inventory |  |  | — |  | 11,412 |  | — |  |  | 11,412 |  |
Assets classified as held for sale |  |  | — |  | 2,489 |  | — |  |  | 2,489 |  |
Equity accounted investments |  |  | 2,081 |  | 57,043 |  | — |  |  | 59,124 |  |
Investment properties |  |  | 21 |  | 124,131 |  | — |  |  | 124,152 |  |
Property, plant and equipment |  |  | 144 |  | 147,473 |  | — |  |  | 147,617 |  |
Intangible assets |  |  | 84 |  | 38,910 |  | — |  |  | 38,994 |  |
Goodwill |  |  | — |  | 34,911 |  | — |  |  | 34,911 |  |
Deferred income tax assets |  |  | 489 |  | 2,849 |  | — |  |  | 3,338 |  |
Accounts payable and other 1 |  |  | (3,383) |  |  | (56,025) |  |  | 515 |  |  | (58,893) |  |
Liabilities associated with assets classified as held for sale |  |  | — |  |  | (118) |  |  | — |  |  | (118) |  |
Deferred income tax liabilities |  |  | (117) |  |  | (24,870) |  |  | — |  |  | (24,987) |  |
Subsidiary equity obligations |  |  | (4) |  |  | (4,141) |  |  | — |  |  | (4,145) |  |
Total |  |  | 4,644 |  |  | 397,308 |  |  | — |  |  | 401,952 |  |
Common equity in investments 2 |  |  | 53,523 |  | — |  | (53,523) |  |  | — |  |
Corporation’s Capital |  |  | 58,167 |  |  | 397,308 |  |  | (53,523) |  |  | 401,952 |  |
Less: |  |  |  |  |  |  |  |  |  |
Corporate borrowings |  |  | 12,160 |  |  | — |  |  | — |  |  | 12,160 |  |
Non-recourse borrowings of managed entities |  |  | — |  | 221,550 |  | — |  |  | 221,550 |  |
Amounts attributable to preferred equity |  |  | 4,103 |  |  | — |  |  | — |  |  | 4,103 |  |
Amounts attributable to non-controlling interests |  |  | 230 |  |  | 122,235 |  |  | — |  |  | 122,465 |  |
Common equity |  |  | $ | 41,674 |  |  | $ | 53,523 |  |  | $ | (53,523) |  |  | $ | 41,674 |  |
1.Contains the gross up of intercompany balances, including accounts receivable and other, and accounts payable and other of $515 million and $515 million, respectively, between entities within the Corporation and its investments. 2.Represents the carrying value of the Corporation’s investments

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