CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($) $ in Millions |
Total |
Total limited partners' equity |
Limited partners' equity |
Foreign currency translation |
Revaluation surplus |
Actuarial losses on defined benefit plans |
Cash flow hedges |
Investments in equity securities |
Preferred limited partners' equity |
Preferred equity |
Perpetual subordinated notes |
BEPC exchangeable shares and class A.2 exchangeable shares |
Participating non-controlling interests – in operating subsidiaries |
General partnership interest in a holding subsidiary held by Brookfield |
Participating non-controlling interests – in a holding subsidiary – Redeemable/Exchangeable units held by Brookfield |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Beginning balance at Dec. 31, 2024 | $ 36,456 | $ 3,604 | $ (2,774) | $ (859) | $ 7,237 | $ 4 | $ (4) | $ 0 | $ 634 | $ 537 | $ 737 | $ 2,269 | $ 26,168 | $ 50 | $ 2,457 |
| Net (loss) income | (8) | (164) | (164) | 17 | 14 | 20 | (103) | 250 | 70 | (112) | |||||
| Other comprehensive income (loss) | 778 | 137 | 79 | 63 | 1 | (7) | 1 | 31 | 86 | 428 | 2 | 94 | |||
| Equity repurchased for cancellation (Note 12) | (34) | (34) | (34) | ||||||||||||
| Capital contributions | 1,829 | 1,829 | |||||||||||||
| Return of capital | (462) | (462) | |||||||||||||
| Acquisition | (3,166) | (3,166) | |||||||||||||
| Disposal (Note 3) | (594) | 0 | 50 | (50) | (594) | ||||||||||
| Distributions or dividends declared | (1,383) | (214) | (214) | (17) | (14) | (20) | (135) | (760) | (76) | (147) | |||||
| Distribution reinvestment plan | 3 | 3 | 3 | ||||||||||||
| Other | (92) | (4) | 14 | 3 | (20) | (1) | 1 | (1) | (11) | (66) | 1 | (12) | |||
| Change in period | (3,129) | (276) | (345) | 82 | (7) | 0 | (6) | 0 | 0 | 31 | 0 | (163) | (2,541) | (3) | (177) |
| Ending balance at Jun. 30, 2025 | 33,327 | 3,328 | (3,119) | (777) | 7,230 | 4 | (10) | 0 | 634 | 568 | 737 | 2,106 | 23,627 | 47 | 2,280 |
| Beginning balance at Mar. 31, 2025 | 33,614 | 3,428 | (2,951) | (794) | 7,173 | 3 | (3) | 0 | 634 | 537 | 737 | 2,167 | 23,717 | 48 | 2,346 |
| Net (loss) income | 100 | (63) | (63) | 9 | 7 | 10 | (40) | 186 | 35 | (44) | |||||
| Other comprehensive income (loss) | 252 | 76 | 16 | 68 | 1 | (10) | 1 | 31 | 48 | 44 | 1 | 52 | |||
| Equity repurchased for cancellation (Note 12) | (8) | (8) | (8) | ||||||||||||
| Capital contributions | 1,357 | 1,357 | |||||||||||||
| Return of capital | (358) | (358) | |||||||||||||
| Acquisition | (194) | (194) | |||||||||||||
| Disposal (Note 3) | (594) | 0 | 5 | (5) | (594) | ||||||||||
| Distributions or dividends declared | (851) | (106) | (106) | (9) | (7) | (10) | (67) | (542) | (37) | (73) | |||||
| Distribution reinvestment plan | 1 | 1 | 1 | ||||||||||||
| Other | 8 | 0 | 3 | 1 | (6) | 3 | (1) | (2) | 11 | (1) | |||||
| Change in period | (287) | (100) | (168) | 17 | 57 | 1 | (7) | 0 | 0 | 31 | 0 | (61) | (90) | (1) | (66) |
| Ending balance at Jun. 30, 2025 | 33,327 | 3,328 | (3,119) | (777) | 7,230 | 4 | (10) | 0 | 634 | 568 | 737 | 2,106 | 23,627 | 47 | 2,280 |
| Beginning balance at Dec. 31, 2025 | 34,974 | 3,970 | (3,281) | (930) | 8,206 | 7 | (32) | 0 | 634 | 563 | 737 | 2,330 | 24,164 | 52 | 2,524 |
| Net (loss) income | (582) | (234) | (234) | 15 | 16 | 20 | (140) | (191) | 81 | (149) | |||||
| Other comprehensive income (loss) | 1,077 | 332 | 94 | (6) | 2 | (17) | 259 | (19) | 199 | 349 | 4 | 212 | |||
| Equity issuance | 237 | 237 | |||||||||||||
| Equity repurchased for cancellation (Note 12) | (201) | (201) | (201) | ||||||||||||
| Capital contributions | 2,910 | 2,910 | |||||||||||||
| Return of capital | (492) | (492) | |||||||||||||
| Issuance of Preferred LP Units (Note 11) | 141 | 141 | |||||||||||||
| Redemption of Preferred LP Units (Note 11) | (128) | (128) | |||||||||||||
| Disposal (Note 3) | 0 | 0 | 66 | (66) | |||||||||||
| Distributions or dividends declared | (1,829) | (237) | (237) | (15) | (16) | (20) | (144) | (1,156) | (87) | (154) | |||||
| Distribution reinvestment plan | 3 | 3 | 3 | ||||||||||||
| Change in ownership (Note 3) | 0 | (103) | (18) | (85) | (61) | 231 | (1) | (66) | |||||||
| Other | (262) | 209 | 344 | 16 | (145) | (2) | (4) | 1 | (109) | (420) | 1 | 56 | |||
| Change in period | 874 | (231) | (277) | 110 | (302) | 0 | (21) | 259 | 13 | (18) | 0 | (18) | 1,231 | (2) | (101) |
| Ending balance at Jun. 30, 2026 | 35,848 | 3,739 | (3,558) | (820) | 7,904 | 7 | (53) | 259 | 647 | 545 | 737 | 2,312 | 25,395 | 50 | 2,423 |
| Beginning balance at Mar. 31, 2026 | 35,242 | 3,693 | (3,450) | (876) | 8,071 | 6 | (58) | 0 | 506 | 555 | 737 | 2,221 | 25,114 | 48 | 2,368 |
| Net (loss) income | (287) | (112) | (112) | 8 | 8 | 10 | (69) | (100) | 40 | (72) | |||||
| Other comprehensive income (loss) | 1,304 | 334 | 51 | 21 | 2 | 1 | 259 | (11) | 200 | 564 | 4 | 213 | |||
| Equity issuance | 122 | 122 | |||||||||||||
| Equity repurchased for cancellation (Note 12) | (114) | (114) | (114) | ||||||||||||
| Capital contributions | 842 | 842 | |||||||||||||
| Return of capital | (143) | (143) | |||||||||||||
| Issuance of Preferred LP Units (Note 11) | 141 | 141 | |||||||||||||
| Disposal (Note 3) | 0 | 0 | 53 | (53) | |||||||||||
| Distributions or dividends declared | (1,085) | (118) | (118) | (8) | (8) | (10) | (73) | (745) | (44) | (79) | |||||
| Distribution reinvestment plan | 1 | 1 | 1 | ||||||||||||
| Change in ownership (Note 3) | 0 | (46) | (2) | (44) | (23) | 100 | (31) | ||||||||
| Other | (175) | 101 | 184 | 5 | (91) | (1) | 4 | 1 | (66) | (237) | 2 | 24 | |||
| Change in period | 606 | 46 | (108) | 56 | (167) | 1 | 5 | 259 | 141 | (10) | 0 | 91 | 281 | 2 | 55 |
| Ending balance at Jun. 30, 2026 | $ 35,848 | $ 3,739 | $ (3,558) | $ (820) | $ 7,904 | $ 7 | $ (53) | $ 259 | $ 647 | $ 545 | $ 737 | $ 2,312 | $ 25,395 | $ 50 | $ 2,423 |