Leases (Tables)

12 Months Ended

Dec. 31, 2023

Presentation of leases for lessee [abstract]

Adoption of New IFRS Pronouncements

As at December 31, 2023, $1.1 billion (2022 – $612 million) of right-of-use assets are recorded as part of land, buildings, plant and equipment within property, plant and equipment.

(CAD$ in millions)	2023		2022
Opening net book value	$	612	$	728
Additions	673		214
Depreciation	(147)		(142)
Changes in foreign exchange rates and other	(30)		31
Transfer to assets held for sale	—		(219)
Closing net book value	$	1,108	$	612

Disclosure of Lease Liability Continuity

Lease Liability Continuity

(CAD$ in millions)	2023		2022
As at January 1	$	571	$	694
Cash flows
Principal payments	(160)		(149)
Interest payments	(31)		(38)
Non-cash changes
Additions	674		210
Interest expense	31		38
Changes in foreign exchange and other	(24)		25
Transfer to liabilities associated with assets held for sale	—		(209)
As at December 31	$	1,061	$	571
Less current portion of lease liabilities	(195)		(132)
Non-current lease liabilities	$	866	$	439