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INTERIM CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - CAD ($)
shares in Millions, $ in Millions
Total
Total shareholders’ equity
Share capital
Additional paid-in capital
Accumulated other comprehensive income
Retained earnings
Non-controlling interest
Beginning balance (shares) at Dec. 31, 2023     932.1        
Beginning balance at Dec. 31, 2023 $ 42,411 $ 41,492 $ 25,602 $ 88 $ (618) $ 16,420 $ 919
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) 774 775       775 (1)
Contribution from non-controlling interest 1           1
Other comprehensive income (loss) 718 695     695   23
Dividends declared (177) (177)       (177)  
Effect of stock-based compensation expense 13 13   13      
Shares issued under stock option plan (shares)     0.5        
Shares issued under stock option plan 21 21 $ 27 (6)      
Ending balance (shares) at Mar. 31, 2024     932.6        
Ending balance at Mar. 31, 2024 43,761 42,819 $ 25,629 95 77 17,018 942
Beginning balance (shares) at Dec. 31, 2024     933.5        
Beginning balance at Dec. 31, 2024 48,890 47,892 $ 25,689 94 2,680 19,429 998
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) 909 910       910 (1)
Contribution from non-controlling interest 1           1
Other comprehensive income (loss) (28) (27)     (27)   (1)
Dividends declared (177) (177)       (177)  
Effect of stock-based compensation expense $ 16 16   16      
Common Shares repurchased (in shares) (3.3)            
Common Shares repurchased $ (375) (375) $ (96)     (279)  
Shares issued under stock option plan (shares)     0.2        
Shares issued under stock option plan 7 7 $ 10 (3)      
Ending balance (shares) at Mar. 31, 2025     930.4        
Ending balance at Mar. 31, 2025 $ 49,243 $ 48,246 $ 25,603 $ 107 $ 2,653 $ 19,883 $ 997