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Consolidated statements of comprehensive income - CAD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Statement of comprehensive income [abstract]        
Net earnings $ 644 $ 604 $ 1,327 $ 1,061
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 ($70) million and $30 million for the three months ended June 30, 2025 and 2024, respectively, and ($150) million and $2 million for the six months ended June 30, 2025 and 2024, respectively 193 (82) 410 (4)
Items that will not be reclassified to net earnings        
Actuarial gains on post-employment benefit plans, net of income taxes of ($30) million and ($41) million for the three months ended June 30, 2025 and 2024, respectively, and ($56) million and ($156) million for the six months ended June 30, 2025 and 2024, respectively (1) [1] 78 111 151 425
Net change in value of publicly-traded and privately-held investments, net of income taxes of ($5) million and nil for the three months ended June 30, 2025 and 2024, respectively, and ($5) million and nil for the six months ended June 30, 2025 and 2024, respectively 32 12 34 3
Net change in value of derivatives designated as cash flow hedges, net of income taxes of $10 million and ($2) million for the three months ended June 30, 2025 and 2024, respectively, and $9 million and ($8) million for the six months ended June 30, 2025 and 2024, respectively (29) 6 (25) 22
Other comprehensive income 274 47 570 446
Total comprehensive income 918 651 1,897 1,507
Total comprehensive income attributable to:        
Common shareholders 854 583 1,782 1,383
Preferred shareholders 40 46 81 93
Non-controlling interest 24 22 34 31
Total comprehensive income $ 918 $ 651 $ 1,897 $ 1,507
[1] The discount rate used to value our post-employment benefit obligations at June 30, 2025 was 4.8% compared to 4.7% at March 31, 2025 and December 31, 2024. 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.