v3.26.1
FAIR VALUE GAINS (LOSSES), NET (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
Disclosure of Fair Value [Line Items]          
Gains (losses) on fair value adjustment, investment property     $ 223   $ (163)
Incentive fees $ 0 $ (19) 2 $ (19)  
Financial instruments and other (88) 71 (102) 190  
Total fair value gains (losses), net 56 47 123 (63)  
Commercial properties          
Disclosure of Fair Value [Line Items]          
Gains (losses) on fair value adjustment, investment property 120 4 145 (276) (318)
Commercial developments          
Disclosure of Fair Value [Line Items]          
Gains (losses) on fair value adjustment, investment property $ 24 $ (9) $ 78 $ 42 $ 155