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HELD FOR SALE | 6 Months Ended
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Jun. 30, 2024
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 JUN. 30, 2024 (MILLIONS) | Renewable Power and Transition |  | Infrastructure |  | Private Equity |  | Real Estate (Core and Transitional & Development)1 |  | Real Estate (LP Investments) and Other 1 |  | Total |  |
Assets |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 16 |  |  | $ | — |  |  | $ | 3 |  |  | $ | 3 |  |  | $ | 53 |  |  | $ | 75 |  |  |
Accounts receivable and other | 7 |  |  | 9 |  |  | 2 |  |  | 69 |  |  | 68 |  |  | 155 |  |  |
Investment properties | — |  |  | — |  |  | — |  |  | 1,781 |  |  | 901 |  |  | 2,682 |  |  |
Property, plant and equipment | 387 |  |  | 85 |  |  | 103 |  |  | 2 |  |  | 442 |  |  | 1,019 |  |  |
Intangible assets | — |  |  | 171 |  |  | — |  |  | — |  |  | 4 |  |  | 175 |  |  |
Other long-term assets | 2 |  |  | 5 |  |  | — |  |  | — |  |  | — |  |  | 7 |  |  |
Deferred income tax assets | — |  |  | — |  |  | 3 |  |  | — |  |  | 13 |  |  | 16 |  |  |
Assets classified as held for sale | $ | 412 |  |  | $ | 270 |  |  | $ | 111 |  |  | $ | 1,855 |  |  | $ | 1,481 |  |  | $ | 4,129 |  |  |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable and other | $ | 96 |  |  | $ | 26 |  |  | $ | 8 |  |  | $ | 75 |  |  | $ | 168 |  |  | $ | 373 |  |  |
Non-recourse borrowings of managed entities | 77 |  |  | — |  |  | — |  |  | — |  |  | 18 |  |  | 95 |  |  |
Deferred income tax liabilities | — |  |  | 44 |  |  | — |  |  | — |  |  | 26 |  |  | 70 |  |  |
Liabilities associated with assets classified as held for sale | $ | 173 |  |  | $ | 70 |  |  | $ | 8 |  |  | $ | 75 |  |  | $ | 212 |  |  | $ | 538 |  |  |
1.Real Estate core and transitional and development investments are included in our Real Estate segment. Real estate LP investments are included within our Asset Management segment as we include the discretionary capital that we invest directly into and alongside private funds managed by BAM and other investments within this segment. As at June 30, 2024, assets held for sale primarily include: •Six office assets, six retail assets, three hospitality assets, one multifamily asset, and one logistics asset in the U.S. and one hospitality asset in South Korea. These assets are held within our Real Estate segment and our real estate LP investments included within our Asset Management segment; •A 67 MW portfolio of wind assets in the U.K., a 90 MW portfolio of hydroelectric assets in Brazil, and a 6 MW distributed generation asset in the U.S. within our Renewable Power and Transition segment; and •A data center in the U.S. within our Infrastructure segment. For the six months ended June 30, 2024, we disposed of $981 million and $133 million of assets and liabilities, respectively, primarily related to the sale of

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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 2023-01-01 -Paragraph 10 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2023-en-r&anchor=para_10_e&doctype=Standard -URIDate 2023-03-23 + Details
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