XML 157 R129.htm IDEA: XBRL DOCUMENT v3.24.1
Financial Instruments and Risk Management - Market Risk (Details)
$ in Millions
12 Months Ended
Dec. 31, 2023
CAD ($)
item
$ / bbl
Dec. 31, 2022
CAD ($)
Commodity Price Risk    
Financial Instruments and Risk Management    
Increase in price per barrel of crude oil | $ / bbl 10  
Increase (decrease) in pre-tax earnings for the company's outstanding derivative financial instruments $ 45 $ (70)
Foreign Currency Exchange Risk    
Financial Instruments and Risk Management    
Percentage of strengthening in the Cdn$ relative to the US$ 1.00% 1.00%
Gains (losses) on change in value of foreign currency basis spreads, net of tax $ 31 $ 100
Variable interest rates | Interest Rate Risk    
Financial Instruments and Risk Management    
Increase in interest rates 1.00% 1.00%
Increase (decrease) in pre-tax earnings from increase in interest rates $ 12 $ (8)
Proportion of floating interest rate exposure 3.20% 18.00%
Interest rate swaps | Interest Rate Risk    
Financial Instruments and Risk Management    
Number of derivative instruments outstanding | item 0  
Weighted average | Fixed interest rates | Interest Rate Risk    
Financial Instruments and Risk Management    
Weighted average interest rate on total debt 6.30% 5.80%