SUBSEQUENT EVENTS |
6 Months Ended |
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Jun. 30, 2026 | |
| Subsequent Events [Abstract] | |
| SUBSEQUENT EVENTS | SUBSEQUENT EVENTS Quarterly Dividend On August 4, 2026, the board of directors of BAM declared a quarterly dividend of $0.5025 per share, payable on September 29, 2026 to shareholders of record as of the close of business on August 31, 2026. Oaktree Acquisition On July 31, 2026, Brookfield acquired the remaining 26% common equity interest in Oaktree and its affiliates, increasing their ownership interest to 100% and obtaining a controlling financial interest, for aggregate consideration of approximately $3.0 billion, inclusive of cash and non-cash consideration, of which approximately $2.2 billion is attributable to BAM. Prior to the acquisition, BAM's investment in Oaktree was accounted for as an equity method investment. BAM obtained control of Oaktree on July 31, 2026. Accordingly, the results of the acquired business will be reflected in BAM's financial statements beginning on that date. The transaction will be accounted for as a business combination achieved in stages in accordance with ASC 805, Business Combinations. Accordingly, BAM's previously held equity interest will be remeasured to its acquisition-date fair value. Due to the recent closing of the acquisition, the valuation and initial purchase price accounting for the business combination are not available as of the date of release of these financial statements. As a result, we have not provided amounts recognized as of the acquisition date for certain major classes of assets acquired and liabilities assumed in these financial statements. Primary Wave Effective July 1, 2026, BAM increased its economic interest in Primary Wave by 6%. The transaction did not change the existing governance structure of Primary Wave, and BAM does not have a controlling financial interest. Accordingly, the step-up in interest does not result in consolidation.
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