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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2024
Fair Value Measurement [Abstract]  
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, 2024 and 2023, are summarized in the following table:

(CAD$ in millions)20242023
 Level 1Level 2Level 3TotalLevel 1Level 2Level 3Total
Financial assets
Cash equivalents$5,244 $— $— $5,244 $345 $— $— $345 
Marketable and other equity securities
118 — 189 307 79 — 150 229 
Debt securities220 — — 220 184 — — 184 
Settlement receivables— 1,456 — 1,456 — 1,254 — 1,254 
Derivative instruments and embedded derivatives— 168 — 168 — 92 — 92 
$5,582 $1,624 $189 $7,395 $608 $1,346 $150 $2,104 
Financial liabilities
Derivative instruments and embedded derivatives
$— $179 $— $179 $— $148 $— $148 
Settlement payables— 70 — 70 — 36 — 36 
$— $249 $— $249 $— $184 $— $184 
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, 2024 and 2023, are summarized in the following table:

(CAD$ in millions)20242023
 Level 1Level 2Level 3TotalLevel 1Level 2Level 3Total
Financial assets
Cash equivalents$5,244 $— $— $5,244 $345 $— $— $345 
Marketable and other equity securities
118 — 189 307 79 — 150 229 
Debt securities220 — — 220 184 — — 184 
Settlement receivables— 1,456 — 1,456 — 1,254 — 1,254 
Derivative instruments and embedded derivatives— 168 — 168 — 92 — 92 
$5,582 $1,624 $189 $7,395 $608 $1,346 $150 $2,104 
Financial liabilities
Derivative instruments and embedded derivatives
$— $179 $— $179 $— $148 $— $148 
Settlement payables— 70 — 70 — 36 — 36 
$— $249 $— $249 $— $184 $— $184