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RELATED PARTY TRANSACTIONS (Details)
 12 Months Ended
Aug. 31, 2023
USD ($)
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
May 24, 2024
Mar. 28, 2023
USD ($)
May 24, 2029            
Disclosure of transactions between related parties [line items]            
Borrowings, basis point         210  
May 24, 2026            
Disclosure of transactions between related parties [line items]            
Borrowings, basis point         475  
Director fees   $ 2,000,000 $ 2,000,000 $ 1,000,000    
Asset management fee as percent per quarter   0.3125%        
Asset management fee, percent   1.25%        
Credit facility, maximum borrowing capacity   $ 458,000,000        
Corporate borrowings   3,692,000,000 3,394,000,000      
Non-recourse borrowings   46,552,000,000 40,904,000,000      
Australian regulated utility operation            
Disclosure of transactions between related parties [line items]            
Ownership interest 7.90%          
Proceeds from sales of interests in associates $ 435,000,000          
Gain on sale of subsidiary 30,000,000          
Reclassification adjustments on exchange differences on translation, net of tax $ 28,000,000          
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      
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   $ 393,000,000 401,000,000 421,000,000    
Amounts payable, related party transactions   99,000,000 97,000,000      
Subsidiary of Common Parent (Brookfield)            
Disclosure of transactions between related parties [line items]            
Amounts payable, related party transactions   31,000,000 35,000,000      
Non-recourse borrowings           $ 500,000,000
Interest expense   34,000,000 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   104,000,000 143,000,000 144,000,000    
Revenue from rendering of services, related party transactions   11,000,000 20,000,000 8,000,000    
Right-of-use assets   12,000,000 12,000,000      
Brookfield            
Disclosure of transactions between related parties [line items]            
Deposit balance   180,000,000 0      
Earned interest on deposits   0 0 $ 4,000,000    
Corporate borrowings   130,000,000 110,000,000      
Non-recourse borrowings   $ 140,000,000 $ 339,000,000