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HELD FOR SALE | 12 Months Ended
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Dec. 31, 2023
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, 2023 and 2022:
AS AT DEC. 31 (MILLIONS) | Real Estate (Core and Transitional & Development)1 |  | Real Estate (LP Investments) 1 |  | Private Equity |  |  |  |  |  | 2023 Total |  | 2022 Total
Assets |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 2 |  |  | $ | 9 |  |  | $ | — |  |  |  |  |  |  | $ | 11 |  |  | $ | 46 |
Accounts receivable and other | 48 |  |  | 31 |  |  | — |  |  |  |  |  |  | 79 |  |  | 154 |
Equity accounted investments | — |  |  | 132 |  |  | — |  |  |  |  |  |  | 132 |  |  | 407 |
Investment properties | 1,376 |  |  | 765 |  |  | — |  |  |  |  |  |  | 2,141 |  |  | 388 |
Property, plant and equipment | — |  |  | 11 |  |  | 101 |  |  |  |  |  |  | 112 |  |  | 1,027 |
Intangible assets | — |  |  | — |  |  | 10 |  |  |  |  |  |  | 10 |  |  | 712 |
Goodwill | — |  |  | — |  |  | — |  |  |  |  |  |  | — |  |  | 32 |
Other long-term assets | — |  |  | — |  |  | — |  |  |  |  |  |  | — |  |  | 61 |
Deferred income tax assets | — |  |  | — |  |  | 4 |  |  |  |  |  |  | 4 |  |  | 3 |
Assets classified as held for sale | $ | 1,426 |  |  | $ | 948 |  |  | $ | 115 |  |  |  |  |  |  | $ | 2,489 |  |  | $ | 2,830 |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable and other | $ | 57 |  |  | $ | 38 |  |  | $ | 17 |  |  |  |  |  |  | $ | 112 |  |  | $ | 304 |
Non-recourse borrowings of managed entities | — |  |  | — |  |  | 4 |  |  |  |  |  |  | 4 |  |  | 569 |
Deferred income tax liabilities | — |  |  | — |  |  | 2 |  |  |  |  |  |  | 2 |  |  | 3 |
Liabilities associated with assets classified as held for sale | $ | 57 |  |  | $ | 38 |  |  | $ | 23 |  |  |  |  |  |  | $ | 118 |  |  | $ | 876 |
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 December 31, 2023, assets held for sale primarily relate to five office assets, four malls, two hotels, and one logistics asset, all in the U.S. During the year, we disposed of $5.2 billion and $1.9 billion of assets and liabilities, respectively, primarily related to the sales of: •Five hospitality assets and five malls in the U.S. and certain office assets across Europe, U.S. and Australia in our Real Estate segment and our real estate LP portfolio included within our Asset Management segment; •A 378 MW operating hydroelectric portfolio and wind assets in the U.S., as well as a portfolio of non-core wind and solar assets in Uruguay within our Renewable Power and Transition segment; •Our Indian toll roads operation and our 50% interest in a freeland port in Victoria, Australia, within our Infrastructure segment; and •Our North American road fuels operation and a non-core division in our dealer software and technology services within our Private Equity 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 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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