COMMITMENTS AND CONTINGENT LIABILITIES (Tables)

12 Months Ended

Dec. 31, 2017

Other Provisions, Contingent Liabilities and Contingent Assets [Abstract]

Disclosure of maturity analysis for commitments

Below is a summary of the undiscounted contractual maturities of our financial liabilities and the receivable components of our derivatives as at December 31, 2017 and 2016.

December 31, 2017	Carrying		Contractual		Less than		1 to 3		4 to 5	More than
(In millions of dollars)	amount		cash flows		1 year		years		years	5 years
Bank advances	6		6		6		—		—	—
Short-term borrowings	1,585		1,585		1,585		—		—	—
Accounts payable and accrued liabilities	2,931		2,931		2,931		—		—	—
Long-term debt	14,448		14,555		1,756		1,800		2,050	8,949
Other long-term financial liabilities	9		9		2		3		2	2
Expenditure derivative instruments:
Cash outflow (Canadian dollar)	—		1,538		1,093		445		—	—
Cash inflow (Canadian dollar equivalent of US dollar)	—		(1,506	)	(1,054	)	(452	)	—	—
Equity derivative instruments	—		(68	)	(68	)	—		—	—
Debt derivative instruments accounted for as hedges:
Cash outflow (Canadian dollar)	—		7,417		1,435		—		—	5,982
Cash inflow (Canadian dollar equivalent of US dollar) 1	—		(8,405	)	(1,756	)	—		—	(6,649	)
Debt derivative instruments not accounted for as hedges:
Cash outflow (Canadian dollar)	—		956		956		—		—	—
Cash inflow (Canadian dollar equivalent of US dollar) 1	—		(934	)	(934	)	—		—	—
Bond forwards	—		64		64		—		—	—
Net carrying amount of derivatives (asset)	(1,094	)
	17,885		18,148		6,016		1,796		2,052	8,284

¹  Represents Canadian dollar equivalent amount of US dollar inflows matched to an equal amount of US dollar maturities in long-term debt for debt derivatives.

December 31, 2016	Carrying		Contractual		Less than		1 to 3		4 to 5	More than
(In millions of dollars)	amount		cash flows		1 year		years		years	5 years
Bank advances	71		71		71		—		—	—
Short-term borrowings	800		800		800		—		—	—
Accounts payable and accrued liabilities	2,783		2,783		2,783		—		—	—
Long-term debt	16,080		16,197		750		3,081		2,350	10,016
Other long-term financial liabilities	18		18		—		12		3	3
Expenditure derivative instruments:
Cash outflow (Canadian dollar)	—		1,708		1,240		468		—	—
Cash inflow (Canadian dollar equivalent of US dollar)	—		(1,732	)	(1,249	)	(483	)	—	—
Equity derivative instruments	—		(8	)	(8	)	—		—	—
Debt derivative instruments accounted for as hedges:
Cash outflow (Canadian dollar)	—		7,417		—		1,435		—	5,982
Cash inflow (Canadian dollar equivalent of US dollar) 1	—		(8,996	)	—		(1,880	)	—	(7,116	)
Debt derivative instruments not accounted for as hedges:
Cash outflow (Canadian dollar)	—		201		201		—		—	—
Cash inflow (Canadian dollar equivalent of US dollar) 1	—		(201	)	(201	)	—		—	—
Bond forwards	—		51		—		51		—	—
Net carrying amount of derivatives (asset)	(1,659	)
	18,093		18,309		4,387		2,684		2,353	8,885

¹  Represents Canadian dollar equivalent amount of US dollar inflows matched to an equal amount of US dollar maturities in long-term debt for debt derivatives.

Below is a summary of the repayment of our senior notes during 2017 and 2016. There were no debt derivatives associated with these repayments.

(In millions of dollars)
Maturity date	Notional amount (Cdn$)
2017 repayments
March 2017	250
June 2017	500
Total for 2017	750
2016 repayments
May 2016	1,000

PRINCIPAL REPAYMENTS

Below is a summary of the principal repayments on our long-term debt due in each of the next five years and thereafter as at December 31, 2017.

(In millions of dollars)
2018	1,756
2019	900
2020	900
2021	1,450
2022	600
Thereafter	8,949
Total long-term debt	14,555

Below is a summary of the future minimum payments for our contractual commitments that are not recognized as liabilities as at December 31, 2017:

	Less than			After
(In millions of dollars)	1 Year	1-3 Years	4-5 Years	5 Years	Total
Operating leases	202	308	167	294	971
Player contracts 1	111	88	10	7	216
Purchase obligations 2	368	346	167	121	1,002
Program rights 3	546	1,121	1,079	1,886	4,632
Total commitments	1,227	1,863	1,423	2,308	6,821

¹  Player contracts are Toronto Blue Jays players’ salary contracts into which we have entered and are contractually obligated to pay.

²  Purchase obligations are the contractual obligations under service, product, and wireless device contracts to which we have committed.

³  Program rights are the agreements into which we have entered to acquire broadcasting rights for sports broadcasting programs and films for periods in excess of one year at contract inception.