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Consolidated statements of comprehensive income - CAD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Statement of comprehensive income [abstract]        
Net earnings $ 604 $ 397 $ 1,061 $ 1,185
Items that will be subsequently reclassified to net earnings        
Net change in value of derivatives designated as cash flow hedges, net of income taxes of $30 million and $29 million for the three months ended June 30, 2024 and 2023, respectively, and $2 million and $8 million for the six months ended June 30, 2024 and 2023, respectively (82) (80) (4) (22)
Items that will not be reclassified to net earnings        
Actuarial gains (losses) on post-employment benefit plans, net of income taxes of ($41) million and $51 million for the three months ended June 30, 2024 and 2023, respectively, and ($156) million and 98 million for the six months ended June 30, 2024 and 2023, respectively [1] 111 (136) 425 (263)
Net change in value of publicly-traded and privately-held investments, net of income taxes of nil for the three months ended June 30, 2024 and 2023, and nil and ($3) million for the six months ended June 30, 2024 and 2023, respectively 12 (1) 3 16
Net change in value of derivatives designated as cash flow hedges, net of income taxes of ($2) million and $8 million for the three months ended June 30, 2024 and 2023, respectively, and ($8) million and $6 million for the six months ended June 30, 2024 and 2023, respectively 6 (23) 22 (17)
Other comprehensive income (loss) 47 (240) 446 (286)
Total comprehensive (loss) income 651 157 1,507 899
Total comprehensive income attributable to:        
Common shareholders 583 92 1,383 771
Preferred shareholders 46 46 93 92
Non-controlling interest 22 19 31 36
Total comprehensive (loss) income $ 651 $ 157 $ 1,507 $ 899
[1] The discount rate used to value our post-employment benefit obligations at June 30, 2024 was 5.0% compared to 4.9% at March 31, 2024 and 4.6% at December 31, 2023. The discount rate used to value our post-employment benefit obligations at June 30, 2023 and March 31, 2023 was 5.0% compared to 5.3% at December 31, 2022.