Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2020

Summary of Fair Values of Financial Assets Measured at Fair Value on Recurring Basis

The fair values of our financial assets and liabilities measured at fair value on a recurring basis at December 31, 2020 and 2019, are summarized in the following table:


(CAD$ in millions)	2020								2019
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Financial assets
Cash equivalents	$	313	$	—	$	—	$	313	$	877	$	—	$	—	$	877
Marketable equity securities	64		—		38		102		53		—		36		89
Debt securities	88		—		2		90		104		—		2		106
Settlement receivables	—		949		—		949		—		465		—		465
Derivative instruments and embedded derivatives	—		96		—		96		—		29		—		29
	$	465	$	1,045	$	40	$	1,550	$	1,034	$	494	$	38	$	1,566

Financial liabilities
Derivative instruments and embedded derivatives	$	—	$	32	$	—	$	32	$	—	$	33	$	—	$	33
Settlement payables	—		61		—		61		—		16		—		16
	$	—	$	93	$	—	$	93	$	—	$	49	$	—	$	49

Summary of Fair Values of Financial Liabilities Measured at Fair Value on Recurring Basis

The fair values of our financial assets and liabilities measured at fair value on a recurring basis at December 31, 2020 and 2019, are summarized in the following table:


(CAD$ in millions)	2020								2019
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Financial assets
Cash equivalents	$	313	$	—	$	—	$	313	$	877	$	—	$	—	$	877
Marketable equity securities	64		—		38		102		53		—		36		89
Debt securities	88		—		2		90		104		—		2		106
Settlement receivables	—		949		—		949		—		465		—		465
Derivative instruments and embedded derivatives	—		96		—		96		—		29		—		29
	$	465	$	1,045	$	40	$	1,550	$	1,034	$	494	$	38	$	1,566

Financial liabilities
Derivative instruments and embedded derivatives	$	—	$	32	$	—	$	32	$	—	$	33	$	—	$	33
Settlement payables	—		61		—		61		—		16		—		16
	$	—	$	93	$	—	$	93	$	—	$	49	$	—	$	49