XML 34 R24.htm IDEA: XBRL DOCUMENT

Debentures (Tables)

9 Months Ended

Nov. 30, 2021

The following table summarizes the change in fair value of the 1.75% Debentures for the nine months ended November 30, 2021, which also represents the total changes through earnings of items classified as Level 3 in the fair value hierarchy:


	As at
	November 30, 2021
Balance as at February 28, 2021	$	720
Change in fair value of the Debentures	(47)
Balance as at November 30, 2021	$	673

1.75% Debenture - impact of changes in fair value

The following table shows the impact of the changes in fair value of the 1.75% Debentures for the three and nine months ended November 30, 2021 and November 30, 2020:


	Three Months Ended				Nine Months Ended
	November 30, 2021		November 30, 2020		November 30, 2021		November 30, 2020







Income (charge) associated with the change in fair value from non-credit components recorded in the consolidated statements of operations	$	110	$	(89)	$	47	$	(89)
Charge associated with the change in fair value from instrument-specific credit components recorded in AOCL	(1)		(5)		—		(5)
Total decrease (increase) in the fair value of the 1.75% Debentures	$	109	$	(94)	$	47	$	(94)

3.75% Debenture - impact of changes in fair value

The following table shows the impact of the changes in fair value of the 3.75% Debentures for the three and nine months ended November 30, 2021 and November 30, 2020:


	Three Months Ended				Nine Months Ended
	November 30, 2021		November 30, 2020		November 30, 2021		November 30, 2020

Charge associated with the change in fair value from non-credit components recorded in the consolidated statements of operations	$	—	$	—	$	—	$	(19)
Income associated with the change in fair value from instrument-specific credit components recorded in AOCL	—		—		—		15
Realized charges associated with the change in fair value from credit components recorded in the consolidated statements of operations on redemption	—		(6)		—		(6)
Realized charges associated with the change in fair value from credit components released from AOCL on redemption	—		6		—		6
Total increase in the fair value of the 3.75% Debentures	$	—	$	—	$	—	$	(4)

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details