Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2023

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, 2023 and 2022, are summarized in the following table:


(CAD$ in millions)	2023								2022
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Financial assets
Cash equivalents	$	345	$	—	$	—	$	345	$	1,624	$	—	$	—	$	1,624
Marketable and other equity securities	79		—		150		229		69		—		150		219
Debt securities	184		—		—		184		159		—		—		159
Settlement receivables	—		1,254		—		1,254		—		1,118		—		1,118
Derivative instruments and embedded derivatives	—		92		—		92		—		74		—		74
	$	608	$	1,346	$	150	$	2,104	$	1,852	$	1,192	$	150	$	3,194

Financial liabilities
Derivative instruments and embedded derivatives	$	—	$	148	$	—	$	148	$	—	$	149	$	—	$	149
Settlement payables	—		36		—		36		—		45		—		45
	$	—	$	184	$	—	$	184	$	—	$	194	$	—	$	194

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, 2023 and 2022, are summarized in the following table:


(CAD$ in millions)	2023								2022
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Financial assets
Cash equivalents	$	345	$	—	$	—	$	345	$	1,624	$	—	$	—	$	1,624
Marketable and other equity securities	79		—		150		229		69		—		150		219
Debt securities	184		—		—		184		159		—		—		159
Settlement receivables	—		1,254		—		1,254		—		1,118		—		1,118
Derivative instruments and embedded derivatives	—		92		—		92		—		74		—		74
	$	608	$	1,346	$	150	$	2,104	$	1,852	$	1,192	$	150	$	3,194

Financial liabilities
Derivative instruments and embedded derivatives	$	—	$	148	$	—	$	148	$	—	$	149	$	—	$	149
Settlement payables	—		36		—		36		—		45		—		45
	$	—	$	184	$	—	$	184	$	—	$	194	$	—	$	194