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Consolidated Statements of Equity
$ in Millions
CAD ($)
Common Shares
CAD ($)
Preference shares
CAD ($)
Common Shares
CAD ($)
Common Shares
Common Shares
CAD ($)
Preferred Shares
CAD ($)
Warrants
CAD ($)
Paid in Surplus
CAD ($)
Paid in Surplus
Common Shares
CAD ($)
Retained Earnings
CAD ($)
Retained Earnings
Common Shares
CAD ($)
Retained Earnings
Preference shares
CAD ($)
AOCI
CAD ($)
[1]
Non-Controlling Interest
CAD ($)
Beginning balance at Dec. 31, 2021 $ 23,596     $ 17,016   $ 519 $ 215 $ 4,284   $ 878     $ 684 $ 12
Net Earnings (Loss) 6,450                 6,450        
Other Comprehensive Income (Loss), Net of Tax 786                       786  
Comprehensive Income (Loss) 7,236                 6,450     786  
Common shares issued under stock option plans (in shares)         170                  
Common Shares Issued Under Stock Option Plans   $ (138)             $ 32          
Purchase of Common Shares Under NCIBs [2]   (2,530)     $ (959)       (1,571)          
Warrants Exercised 62     93     (31)              
Stock-Based Compensation Expense 10             10            
Dividends paid   (682) $ (35)               $ (682) $ (35)    
Variable Dividends on Common Shares   (219)                 (219)      
Non-Controlling Interest                           1
Ending balance at Dec. 31, 2022 27,576     16,320   519 184 2,691   6,392     1,470 13
Net Earnings (Loss) 4,109                 4,109        
Other Comprehensive Income (Loss), Net of Tax (262)                       (262)  
Comprehensive Income (Loss) 3,847                 4,109     (262)  
Common shares issued under stock option plans (in shares)         58                  
Common Shares Issued Under Stock Option Plans   (46)             12          
Purchase of Common Shares Under NCIBs [2]   (1,061)     $ (373)       $ (688)          
Warrants Exercised 18     26     (8)              
Stock-Based Compensation Expense 11             11            
Dividends paid   (990) $ (36)               $ (990) $ (36)    
Variable Dividends on Common Shares   $ 0                        
Warrants Purchased and Cancelled (713)           (151)     (562)        
Non-Controlling Interest                           1
Ending balance at Dec. 31, 2023 $ 28,698     $ 16,031   $ 519 $ 25 $ 2,002   $ 8,913     $ 1,208 $ 14
[1] Accumulated other comprehensive income (loss) (“AOCI”).
[2] Normal course issuer bid (“NCIB”).