Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2021

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, 2021 and 2020, are summarized in the following table:


(CAD$ in millions)	2021								2020
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Financial assets
Cash equivalents	$	790	$	—	$	—	$	790	$	313	$	—	$	—	$	313
Marketable equity securities	41		—		47		88		64		—		38		102
Debt securities	104		—		1		105		88		—		2		90
Settlement receivables	—		1,126		—		1,126		—		949		—		949
Derivative instruments and embedded derivatives	—		78		—		78		—		96		—		96
	$	935	$	1,204	$	48	$	2,187	$	465	$	1,045	$	40	$	1,550

Financial liabilities
Derivative instruments and embedded derivatives	$	—	$	158	$	—	$	158	$	—	$	32	$	—	$	32
Settlement payables	—		39		—		39		—		61		—		61
	$	—	$	197	$	—	$	197	$	—	$	93	$	—	$	93

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, 2021 and 2020, are summarized in the following table:


(CAD$ in millions)	2021								2020
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Financial assets
Cash equivalents	$	790	$	—	$	—	$	790	$	313	$	—	$	—	$	313
Marketable equity securities	41		—		47		88		64		—		38		102
Debt securities	104		—		1		105		88		—		2		90
Settlement receivables	—		1,126		—		1,126		—		949		—		949
Derivative instruments and embedded derivatives	—		78		—		78		—		96		—		96
	$	935	$	1,204	$	48	$	2,187	$	465	$	1,045	$	40	$	1,550

Financial liabilities
Derivative instruments and embedded derivatives	$	—	$	158	$	—	$	158	$	—	$	32	$	—	$	32
Settlement payables	—		39		—		39		—		61		—		61
	$	—	$	197	$	—	$	197	$	—	$	93	$	—	$	93