accounts payable and accrued liabilities

6 Months Ended

Jun. 30, 2024

accounts payable and accrued liabilities

accounts payable and accrued liabilities

23 accounts payable and accrued liabilities

	June 30,		December 31,
As at (millions)	2024		2023
Trade accounts payable 1	$	998	$	996
Accrued liabilities		1,341		1,342
Payroll and other employee-related liabilities		564		674
Interest payable		255		235
Indirect taxes payable and other		151		144
	$	3,309	$	3,391

1 The composition of trade accounts payable varies due to factors that include suppliers’ invoice timing, data processing cycle timing and the seasonal nature of some of business activities, as well as whether the statement of financial position date is a business day. Trade accounts payable represent future payments for invoices received in respect of both operating and capital activities, and may include amounts for assessed and self-assessed government remittances.

Initiated in 2023, we have a supply chain financing program that allows suppliers of qualifying trade accounts payable to choose to be paid in advance of industry-standard payment terms by an arm’s-length third party; in turn, we reimburse the arm’s-length third party for those payments when the trade accounts payable would otherwise have been due.