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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 (loss)
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) 1,677 1,680       1,680 (3)
Contribution from non-controlling interest 1           1
Other comprehensive income (loss) 1,031 997     997   34
Dividends declared (355) (355)       (355)  
Effect of stock-based compensation expense 16 16   16      
Stock Issued During Period, Value, Stock Options Exercised 42 42 $ 53 (11)      
Shares issued under stock option plan (shares)     1.0        
Ending balance (shares) at Jun. 30, 2024     933.1        
Ending balance at Jun. 30, 2024 44,823 43,872 $ 25,655 93 379 17,745 951
Beginning balance (shares) at Mar. 31, 2024     932.6        
Beginning balance at Mar. 31, 2024 43,761 42,819 $ 25,629 95 77 17,018 942
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) 903 905       905 (2)
Other comprehensive income (loss) 313 302     302   11
Dividends declared (178) (178)       (178)  
Effect of stock-based compensation expense 3 3   3      
Shares issued under stock option plan (shares)     0.5        
Shares issued under stock option plan 21 21 $ 26 (5)      
Ending balance (shares) at Jun. 30, 2024     933.1        
Ending balance at Jun. 30, 2024 44,823 43,872 $ 25,655 93 379 17,745 951
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) 2,143 2,144       2,144 (1)
Contribution from non-controlling interest 1           1
Other comprehensive income (loss) (1,784) (1,729)     (1,729)   (55)
Dividends declared (387) (387)       (387)  
Effect of stock-based compensation expense 20 20   20      
Common Shares repurchased (in shares)     (16.4)        
Common Shares repurchased (1,773) (1,773) $ (450)     (1,323)  
Shares issued under stock option plan (shares)     0.8        
Shares issued under stock option plan 37 37 $ 46 (9)      
Ending balance (shares) at Jun. 30, 2025     917.9        
Ending balance at Jun. 30, 2025 47,147 46,204 $ 25,285 105 951 19,863 943
Beginning balance (shares) at Mar. 31, 2025     930.4        
Beginning balance at Mar. 31, 2025 49,243 48,246 $ 25,603 107 2,653 19,883 997
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) 1,234 1,234       1,234  
Other comprehensive income (loss) (1,756) (1,702)     (1,702)   (54)
Dividends declared (210) (210)       (210)  
Effect of stock-based compensation expense 4 4   4      
Common Shares repurchased (in shares)     (13.1)        
Common Shares repurchased (1,398) (1,398) $ (354)     (1,044)  
Shares issued under stock option plan (shares)     0.6        
Shares issued under stock option plan 30 30 $ 36 (6)      
Ending balance (shares) at Jun. 30, 2025     917.9        
Ending balance at Jun. 30, 2025 $ 47,147 $ 46,204 $ 25,285 $ 105 $ 951 $ 19,863 $ 943