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ACQUISITIONS OF CONSOLIDATED ENTITIES (Tables) | 12 Months Ended
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Dec. 31, 2024
Disclosure of detailed information about business combination [abstract] |
Disclosure of detailed information about business combinations | The following table summarizes the balance sheet impact as a result of business combinations that occurred in the year ended December 31, 2024. The valuations of the assets acquired are still under evaluation and as such the business combinations have been accounted for on a provisional basis:
AS AT DEC. 31, 2024 (MILLIONS) |  |  |  | Renewable Power and Transition |  |  |  | Infrastructure |  | Private Equity and Other |  | Total
Cash and cash equivalents |  |  |  | $ | 553 |  |  |  |  | $ | 393 |  |  | $ | 4 |  |  | $ | 950 |
Accounts receivable and other |  |  |  | 443 |  |  |  |  | 283 |  |  | 50 |  |  | 776 |
Other financial assets |  |  |  | 345 |  |  |  |  | 294 |  |  | 10 |  |  | 649 |
Assets classified as held for sale |  |  |  | 861 |  |  |  |  | 270 |  |  | — |  |  | 1,131 |
Property, plant and equipment |  |  |  | 7,439 |  |  |  |  | 4,141 |  |  | 77 |  |  | 11,657 |
Intangible assets |  |  |  | — |  |  |  |  | 1,580 |  |  | 52 |  |  | 1,632 |
Goodwill |  |  |  | 3,556 |  |  |  |  | 294 |  |  | 49 |  |  | 3,899 |
Deferred income tax assets |  |  |  | 60 |  |  |  |  | — |  |  | — |  |  | 60 |
Total assets |  |  |  | 13,257 |  |  |  |  | 7,255 |  |  | 242 |  |  | 20,754 |
Less: |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable and other |  |  |  | (1,137) |  |  |  |  | (2,677) |  |  | (41) |  |  | (3,855) |
Liabilities associated with assets classified as held for sale |  |  |  | (340) |  |  |  |  | (70) |  |  | — |  |  | (410) |
Non-recourse borrowings |  |  |  | (4,736) |  |  |  |  | (478) |  |  | (14) |  |  | (5,228) |
Deferred income tax liabilities |  |  |  | (437) |  |  |  |  | (454) |  |  | (10) |  |  | (901) |
Non-controlling interests 1 |  |  |  | (3,015) |  |  |  |  | — |  |  | (4) |  |  | (3,019) |
|  |  |  | (9,665) |  |  |  |  | (3,679) |  |  | (69) |  |  | (13,413) |
Net assets acquired 2 |  |  |  | $ | 3,592 |  |  |  |  | $ | 3,576 |  |  | $ | 173 |  |  | $ | 7,341 |
1.Includes non-controlling interests recognized on business combinations measured as the proportionate share of fair value of the identifiable assets and liabilities on the date of acquisition. 2.Net assets acquired is typically equal to total consideration. Total consideration includes amounts paid by non-controlling interests that participated in the acquisition as investors in Brookfield-sponsored private funds or as co-investors. The following table summarizes the balance sheet impact as a result of material business combinations that occurred in 2024. The valuations of the assets acquired are still under evaluation and as such the business combinations have been accounted for on a provisional basis.
|  | Renewable Power and Transition |  | Infrastructure |  |  |  |  |  |
AS AT DEC. 31, 2024 (MILLIONS) |  | Neoen |  | ATC India |  | Cyxtera |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 544 |  |  | $ | 368 |  |  | $ | 14 |  |  |  |  |  |  |  |  |
Accounts receivable and other |  | 417 |  |  | 136 |  |  | 140 |  |  |  |  |  |  |  |  |
Other financial assets |  | 345 |  |  | 279 |  |  | — |  |  |  |  |  |  |  |  |
Assets classified as held for sale |  | 861 |  |  | — |  |  | 270 |  |  |  |  |  |  |  |  |
Property, plant and equipment |  | 7,185 |  |  | 1,785 |  |  | 2,356 |  |  |  |  |  |  |  |  |
Intangible assets |  | — |  |  | 582 |  |  | 379 |  |  |  |  |  |  |  |  |
Goodwill |  | 3,531 |  |  | 294 |  |  | — |  |  |  |  |  |  |  |  |
Deferred income tax assets |  | 60 |  |  | — |  |  | — |  |  |  |  |  |  |  |  |
Total assets |  | 12,943 |  |  | 3,444 |  |  | 3,159 |  |  |  |  |  |  |  |  |
Less: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable and other |  | (1,123) |  |  | (1,122) |  |  | (1,503) |  |  |  |  |  |  |  |  |
Liabilities associated with assets classified as held for sale |  | (340) |  |  | — |  |  | (70) |  |  |  |  |  |  |  |  |
Non-recourse borrowings |  | (4,611) |  |  | (119) |  |  | — |  |  |  |  |  |  |  |  |
Deferred income tax liabilities |  | (423) |  |  | (162) |  |  | (229) |  |  |  |  |  |  |  |  |
Non-controlling interests 1 |  | (3,005) |  |  | — |  |  | — |  |  |  |  |  |  |  |  |
|  | (9,502) |  |  | (1,403) |  |  | (1,802) |  |  |  |  |  |  |  |  |
Net assets acquired 2 |  | $ | 3,441 |  |  | $ | 2,041 |  |  | $ | 1,357 |  |  |  |  |  |  |  |  |
1.Includes non-controlling interests recognized on business combinations measured as the proportionate share of fair value of the identifiable assets and liabilities on the date of acquisition. 2.Net assets acquired is typically equal to total consideration. Total consideration includes amounts paid by non-controlling interests that participated in the acquisition as investors in Brookfield-sponsored private funds or as co-investors. The following table summarizes the balance sheet impact as a result of business combinations that occurred in 2023. No material changes were made to those allocations disclosed in the 2023 consolidated financial statements.
AS AT DEC. 31, 2023 (MILLIONS) |  |  |  | Infrastructure |  | Renewable Power and Transition |  | Private Equity and Other |  | Total
Cash and cash equivalents |  |  |  | $ | 921 |  |  | $ | 228 |  |  | $ | 22 |  |  | $ | 1,171 |
Accounts receivable and other |  |  |  | 1,475 |  |  | 585 |  |  | 10 |  |  | 2,070 |
Other financial assets |  |  |  | 1,519 |  |  | 47 |  |  | 1 |  |  | 1,567 |
Assets classified as held for sale |  |  |  | — |  |  | 293 |  |  | — |  |  | 293 |
Investment properties |  |  |  | 3,244 |  |  | — |  |  | — |  |  | 3,244 |
Property, plant and equipment |  |  |  | 8,964 |  |  | 7,200 |  |  | 240 |  |  | 16,404 |
Intangible assets |  |  |  | 4,020 |  |  | 8 |  |  | 83 |  |  | 4,111 |
Goodwill |  |  |  | 5,334 |  |  | 1,674 |  |  | 203 |  |  | 7,211 |
Deferred income tax assets |  |  |  | — |  |  | 97 |  |  | — |  |  | 97 |
Total assets |  |  |  | 25,477 |  |  | 10,132 |  |  | 559 |  |  | 36,168 |
Less: |  |  |  |  |  |  |  |  |  |
Accounts payable and other |  |  |  | (1,500) |  |  | (1,944) |  |  | (46) |  |  | (3,490) |
Liabilities associated with assets classified as held for sale |  |  |  | — |  |  | (138) |  |  | — |  |  | (138) |
Non-recourse borrowings |  |  |  | (9,084) |  |  | (2,868) |  |  | — |  |  | (11,952) |
Deferred income tax liabilities |  |  |  | (1,558) |  |  | (333) |  |  | (47) |  |  | (1,938) |
Non-controlling interests 1 |  |  |  | — |  |  | (414) |  |  | (1) |  |  | (415) |
Preferred equity |  |  |  | (641) |  |  | — |  |  | — |  |  | (641) |
|  |  |  | (12,783) |  |  | (5,697) |  |  | (94) |  |  | (18,574) |
Net assets acquired 2 |  |  |  | $ | 12,694 |  |  | $ | 4,435 |  |  | $ | 465 |  |  | $ | 17,594 |
1.Includes non-controlling interests recognized on business combinations measured as the proportionate share of fair value of the identifiable assets and liabilities on the date of acquisition. 2.Net assets acquired is typically equal to total consideration. Total consideration includes amounts paid by non-controlling interests that participated in the acquisition as investors in Brookfield-sponsored private funds or as co-investors. The following table summarizes the balance sheet impact as a result of material business combinations that occurred in 2023. No material changes were made to those allocations disclosed in the 2023 consolidated financial statements.

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- Definition The disclosure of detailed information about business combinations. [Refer: Business combinations [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 3 -IssueDate 2023-01-01 -Section Disclosures application of paragraphs 59 and 61 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=3&code=ifrs-tx-2023-en-r&doctype=Appendix&subtype=B&dita_xref=IFRS03_gB64-B67_TI -URIDate 2023-03-23 + Details
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