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RELATED PARTY TRANSACTIONS (Details) - USD ($)
 12 Months Ended
Jul. 01, 2021
Apr. 28, 2021
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Disclosure of transactions between related parties [line items]          
Director fees     $ 1,000,000 $ 1,000,000 $ 1,000,000
Asset management fee as percent per quarter     0.3125%    
Asset management fee, percent     1.25%    
Credit facility, maximum borrowing capacity     $ 1,131,000,000    
Assets transferred to Parent $ 50,000,000        
Corporate borrowings     2,288,000,000 3,158,000,000  
Non-recourse borrowings     26,534,000,000 20,020,000,000  
Revolving credit facility with Brookfield          
Disclosure of transactions between related parties [line items]          
Credit facility, maximum borrowing capacity     500,000,000    
Non-recourse borrowings     $ 0 0  
Service Provider          
Disclosure of transactions between related parties [line items]          
Asset management fee as percent per quarter     0.3125%    
Asset management fee, percent     1.25%    
Services received, related party transactions     $ 394,000,000 302,000,000 270,000,000
Amounts payable, related party transactions     108,000,000 89,000,000  
Subsidiary of Common Parent (Brookfield)          
Disclosure of transactions between related parties [line items]          
Amounts payable, related party transactions     26,000,000 82,000,000  
Subsidiary of Common Parent (Brookfield) | Brookfield Office Properties Inc.          
Disclosure of transactions between related parties [line items]          
Services received, related party transactions     37,000,000 2,000,000 67,000,000
Revenue from rendering of services, related party transactions     10,000,000 12,000,000 40,000,000
Right-of-use assets     $ 12,000,000 12,000,000  
Subsidiary of Common Parent (Brookfield) | Bottom of range          
Disclosure of transactions between related parties [line items]          
Amounts payable, related party transactions, interest rate     1.70%    
Brookfield          
Disclosure of transactions between related parties [line items]          
Amounts payable, related party transactions     $ 600,000,000    
Deposit balance     0 545,000,000  
Earned interest on deposits     3,000,000 $ 1,000,000 $ 4,000,000
Assets transferred from Parent, at time of transfer   $ 25,000,000      
Corporate borrowings     45,000,000    
Non-recourse borrowings     6,000,000    
Brookfield | Brookfield Office Properties Inc.          
Disclosure of transactions between related parties [line items]          
Non-recourse borrowings     $ 111,000,000