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RELATED PARTY TRANSACTIONS (Details) - USD ($)
 3 Months Ended 12 Months Ended
Feb. 28, 2023
Dec. 31, 2022
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
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   $ 960,000,000 $ 960,000,000    
Corporate borrowings   3,202,000,000 3,202,000,000 2,288,000,000  
Non-recourse borrowings   26,567,000,000 26,567,000,000 26,534,000,000  
Proceeds from exercise of options     659,000,000 1,324,000,000 1,170,000,000
Revolving credit facility with Brookfield          
Disclosure of transactions between related parties [line items]          
Credit facility, maximum borrowing capacity   1,000,000,000 1,000,000,000 500,000,000  
Non-recourse borrowings   0 $ 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     $ 421,000,000 394,000,000 302,000,000
Amounts payable, related party transactions   91,000,000 91,000,000 108,000,000  
Subsidiary of Common Parent (Brookfield)          
Disclosure of transactions between related parties [line items]          
Amounts payable, related party transactions   25,000,000 25,000,000 26,000,000  
Subsidiary of Common Parent (Brookfield) | Brookfield Office Properties Inc.          
Disclosure of transactions between related parties [line items]          
Services received, related party transactions     144,000,000 37,000,000 2,000,000
Revenue from rendering of services, related party transactions     8,000,000 10,000,000 12,000,000
Right-of-use assets   $ 12,000,000 $ 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% 1.70%    
Brookfield          
Disclosure of transactions between related parties [line items]          
Deposit balance   $ 0 $ 0 0  
Earned interest on deposits     4,000,000 3,000,000 $ 1,000,000
Corporate borrowings   160,000,000 160,000,000 51,000,000  
Non-recourse borrowings   700,000,000 $ 700,000,000 $ 600,000,000  
Associates          
Disclosure of transactions between related parties [line items]          
Assets transferred to Parent   $ 310,000,000      
Associates | Redemption Of Options          
Disclosure of transactions between related parties [line items]          
Proceeds from exercise of options $ 230,000,000