Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2022

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, 2022 and 2021, are summarized in the following table:


(CAD$ in millions)	2022								2021
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Financial assets
Cash equivalents	$	1,624	$	—	$	—	$	1,624	$	790	$	—	$	—	$	790
Marketable and other equity securities	69		—		150		219		41		—		47		88
Debt securities	159		—		—		159		104		—		1		105
Settlement receivables	—		1,118		—		1,118		—		1,126		—		1,126
Derivative instruments and embedded derivatives	—		74		—		74		—		78		—		78
	$	1,852	$	1,192	$	150	$	3,194	$	935	$	1,204	$	48	$	2,187

Financial liabilities
Derivative instruments and embedded derivatives	$	—	$	149	$	—	$	149	$	—	$	158	$	—	$	158
Settlement payables	—		45		—		45		—		39		—		39
	$	—	$	194	$	—	$	194	$	—	$	197	$	—	$	197

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, 2022 and 2021, are summarized in the following table:


(CAD$ in millions)	2022								2021
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Financial assets
Cash equivalents	$	1,624	$	—	$	—	$	1,624	$	790	$	—	$	—	$	790
Marketable and other equity securities	69		—		150		219		41		—		47		88
Debt securities	159		—		—		159		104		—		1		105
Settlement receivables	—		1,118		—		1,118		—		1,126		—		1,126
Derivative instruments and embedded derivatives	—		74		—		74		—		78		—		78
	$	1,852	$	1,192	$	150	$	3,194	$	935	$	1,204	$	48	$	2,187

Financial liabilities
Derivative instruments and embedded derivatives	$	—	$	149	$	—	$	149	$	—	$	158	$	—	$	158
Settlement payables	—		45		—		45		—		39		—		39
	$	—	$	194	$	—	$	194	$	—	$	197	$	—	$	197