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COMMITMENTS AND CONTINGENT LIABILITIES (Tables)
 12 Months Ended
Dec. 31, 2021
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, 2021 and 2020.
December 31, 2021CarryingContractualLess than1 to 34 to 5More than
(In millions of dollars)amountcash flows1 yearyearsyears5 years
 
Short-term borrowings2,200 2,200 2,200 — — — 
Accounts payable and accrued liabilities3,416 3,416 3,416 — — — 
Long-term debt 1
18,688 18,873 1,551 2,312 3,520 11,490 
Lease liabilities1,957 2,498 336 677 308 1,177 
Other long-term financial liabilities14 14 — 7 2 5 
Expenditure derivative instruments:
Cash outflow (Canadian dollar)— 1,374 1,240 134 — — 
Cash inflow (Canadian dollar equivalent of US dollar)— (1,354)(1,217)(137)— — 
Equity derivative instruments— (36)(36)— — — 
Debt derivative instruments accounted for as hedges:
Cash outflow (Canadian dollar)— 11,313 1,297 1,504 1,607 6,905 
Cash inflow (Canadian dollar equivalent of US dollar) 2
— (11,717)(1,084)(1,822)(1,521)(7,290)
Debt derivative instruments not accounted for as hedges:
Cash outflow (Canadian dollar)— 1,390 1,390 — — — 
Cash inflow (Canadian dollar equivalent of US dollar) 2
— (1,401)(1,401)— — — 
Interest rate derivatives— 243 243 — — — 
Net carrying amount of derivatives (asset)(895)
 25,380 26,813 7,935 2,675 3,916 12,287 
1    Reflects repayment of the subordinated notes issued in December 2021 on the five-year anniversary.
2    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, 2020CarryingContractualLess than1 to 34 to 5More than
(In millions of dollars)amountcash flows1 yearyearsyears5 years
 
Short-term borrowings1,221 1,221 1,221 — — — 
Accounts payable and accrued liabilities2,714 2,714 2,714 — — — 
Long-term debt18,201 18,373 1,450 3,274 1,490 12,159 
Lease liabilities1,835 2,353 278 647 300 1,128 
Other long-term financial liabilities22 22 — 14 2 6 
Expenditure derivative instruments: 
Cash outflow (Canadian dollar)— 2,134 1,305 829 — — 
Cash inflow (Canadian dollar equivalent of US dollar)— (2,024)(1,222)(802)— — 
Equity derivative instruments— (34)(34)— — — 
Debt derivative instruments accounted for as hedges: 
Cash outflow (Canadian dollar)— 11,114 86 2,516 937 7,575 
Cash inflow (Canadian dollar equivalent of US dollar) 1
— (11,702)(81)(2,772)(891)(7,958)
Debt derivative instruments not accounted for as hedges:
Cash outflow (Canadian dollar)— 585 585 — — — 
Cash inflow (Canadian dollar equivalent of US dollar) 1
— (573)(573)— — — 
Net carrying amount of derivatives (asset)(1,011)
 22,982 24,183 5,729 3,706 1,838 12,910 
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 principal repayments on our long-term debt due in each of the next five years and thereafter as at December 31, 2021.
(In millions of dollars) 
20221,551 
20231,712 
2024600 
2025886 
2026 1
2,634 
Thereafter11,490 
Total long-term debt18,873 
1    Reflects repayment of the subordinated notes issued in December 2021 on the five-year anniversary.
Below is a summary of the future minimum payments for our contractual commitments that are not recognized as liabilities as at December 31, 2021.
Less than After
(In millions of dollars) 1 Year 1-3 Years 4-5 Years 5 Years Total
Player contracts 1
129 204 222 — 555 
Purchase obligations 2
327 192 85 19 623 
Program rights 3
659 1,151 824 1 2,635 
Total commitments1,115 1,547 1,131 20 3,813 
1    Toronto Blue Jays players' salary contracts into which we have entered and are contractually obligated to pay.
2    Contractual obligations under service, product, and wireless device contracts to which we have committed.
3    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.
Disclosure of commitments
Below is a summary of our other contractual commitments that are not included in the table above.
  As at December 31
(In millions of dollars)2021
Acquisition of property, plant and equipment209 
Acquisition of intangible assets21 
Our share of commitments related to associates and joint ventures387 
Total other commitments617