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ACCOUNTS PAYABLE AND OTHER
 12 Months Ended
Dec. 31, 2024
Subclassifications of assets, liabilities and equities [abstract]  
ACCOUNTS PAYABLE AND OTHER ACCOUNTS PAYABLE AND OTHER
AS AT DEC. 31
(MILLIONS)
20242023
Accounts payable$13,202 $13,470 
Lease liabilities9,801 8,882 
Provisions3,845 3,457 
Other liabilities28,654 33,084 
Total$55,502 $58,893 
The current and non-current balances of accounts payable, provisions and other liabilities are as follows:
AS AT DEC. 31
(MILLIONS)
20242023
Current$30,125 $33,414 
Non-current25,377 25,479 
Total$55,502 $58,893 
Post-Employment Benefits
The company offers pension and other post-employment benefit plans to employees of certain of its subsidiaries. The company’s obligations under its defined benefit pension plans are determined periodically through the preparation of actuarial valuations. The benefit plans’ valuation change during the year was an increase of $118 million (2023 – decrease of $11 million). The discount rate used was 5% (2023 – 5%) with a rate of compensation of 2% (2023 – 2%), and an investment rate of 5% (2023 – 5%).
AS AT DEC. 31
(MILLIONS)
20242023
Plan assets$1,300 $1,380 
Less accrued benefit obligation:
Defined benefit pension plan(1,384)(1,583)
Other post-employment benefits(100)(131)
Net liability(184)(334)
Less: net actuarial (losses) gains and other(6)6 
Accrued benefit liability$(190)$(328)