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Equity (Tables)
 12 Months Ended
Dec. 31, 2019
Equity [abstract]  
Summary of Class A Common Shares and Class B Subordinate Voting Shares Issued and Outstanding
Class A Common Shares and Class B Subordinate Voting Shares Issued and Outstanding 
Shares (in 000’s)
 
Class A
Common Shares

 
Class B Subordinate Voting
Shares

As at January 1, 2018
 
7,777

 
565,506

Class A common shares conversion
 
(9
)
 
9

Options exercised (c)
 
—

 
3,710

Acquired and cancelled pursuant to normal course issuer bid (h)
 
—

 
(6,300
)
As at December 31, 2018
 
7,768

 
562,925

Class A common shares conversion
 
(3
)
 
3

Options exercised (c)
 
—

 
1,239

Acquired and cancelled pursuant to normal course issuer bid (h)
 
—

 
(24,639
)
As at December 31, 2019
 
7,765

 
539,528
Summary of Weighted Average Assumptions
The weighted average fair value of share options granted in the year was estimated at $10.73 per option (2018 – $11.10) at the grant date based on the Black-Scholes option-pricing model using the following assumptions:
 
 
2019

 
2018

Weighted average exercise price
 
$
28.62

 
$
37.44

Dividend yield
 
1.05
%
 
2.67
%
Risk-free interest rate
 
1.81
%
 
2.06
%
Expected option life
 
5.9 years

 
4.2 years

Expected volatility
 
41
%
 
41
%
Forfeiture rate
 
0.55
%
 
0.54
%
Summary of Outstanding Share Options
Outstanding share options are as follows:
 
 
2019
 
2018
 
 
Share
Options
(in 000’s)

 
Weighted
Average
Exercise Price

 
Share
Options
(in 000’s)

 
Weighted
Average
Exercise Price

Outstanding at beginning of year
 
19,775

 
$
21.75

 
22,068

 
$
19.52

Granted
 
1,940

 
28.62

 
1,575

 
37.44

Exercised
 
(1,239
)
 
8.17

 
(3,710
)
 
14.58

Forfeited
 
(110
)
 
32.52

 
(107
)
 
32.92

Expired
 
(214
)
 
38.24

 
(51
)
 
37.56

Outstanding at end of year
 
20,152

 
$
23.02

 
19,775

 
$
21.75

Vested and exercisable at end of year
 
16,617

 
$
21.32

 
14,036

 
$
22.83
Summary of Information Relating to Share Options Outstanding
Information relating to share options outstanding at December 31, 2019, is as follows:
Outstanding Share Options (in 000’s)
 
Exercise
Price Range
 
Weighted Average Remaining Life
of Outstanding Options (months)
5,400
 
$ 5.34 — $ 15.35
 
70
3,471
 
$ 15.36 — $ 24.97
 
60
2,155
 
$ 24.98 — $ 26.79
 
47
6,123
 
$ 26.80 — $ 36.85
 
70
3,003
 
$ 36.86 — $ 58.80
 
58
20,152
 
$ 5.34 — $ 58.80
 
64
Summary of Exercise Price Range for Share Options
Information relating to share options outstanding at December 31, 2019, is as follows:
Outstanding Share Options (in 000’s)
 
Exercise
Price Range
 
Weighted Average Remaining Life
of Outstanding Options (months)
5,400
 
$ 5.34 — $ 15.35
 
70
3,471
 
$ 15.36 — $ 24.97
 
60
2,155
 
$ 24.98 — $ 26.79
 
47
6,123
 
$ 26.80 — $ 36.85
 
70
3,003
 
$ 36.86 — $ 58.80
 
58
20,152
 
$ 5.34 — $ 58.80
 
64
Summary of Outstanding Units
The outstanding Units are summarized in the following table:
(in 000’s)
 
2019
 
2018
 
 
Outstanding

 
Vested

 
Outstanding

 
Vested

DSUs
 
2,463

 
2,463

 
2,644

 
2,644

RSUs
 
892

 
—

 
821

 
381

PSUs
 
741

 
—

 
667

 
312

PDSUs
 
177

 
65

 
123

 
61

 
 
4,273

 
2,528

 
4,255

 
3,398
Summary of Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income
(CAD$ in millions)
 
2019

 
2018

Accumulated other comprehensive income – beginning of year
 
$
584

 
$
244

IFRS 9 transition adjustment on January 1, 2018
 
—

 
(34
)
Currency translation differences:
 
 
 
 
Unrealized gains (losses) on translation of foreign subsidiaries
 
(449
)
 
638

Foreign exchange differences on debt designated as a hedge of our investment in foreign subsidiaries (net of taxes of $(26) and $40)
 
167

 
(255
)
 
 
(282
)
 
383

Gain (loss) on marketable equity and debt securities (net of taxes of $(1) and $1)
 
7

 
(9
)
Remeasurements of retirement benefit plans (net of taxes of $(31) and $(2))
 
74

 
8

Total other comprehensive income (loss)
 
(201
)
 
382

Less remeasurements of retirement benefit plans recorded in retained earnings
 
(74
)
 
(8
)
Accumulated other comprehensive income – end of year
 
$
309

 
$
584
Summary of Basic and Diluted Earnings Per Share
The following table reconciles our basic and diluted earnings (loss) per share:
(CAD$ in millions, except per share data)
 
2019

 
2018

Net basic and diluted profit (loss) attributable to shareholders of the company
 
$
(605
)
 
$
3,107

Weighted average shares outstanding (000’s)
 
559,765

 
573,905

Dilutive effect of share options
 
—

 
8,233

Weighted average diluted shares outstanding (000’s)
 
559,765

 
582,138

Basic earnings (loss) per share
 
$
(1.08
)
 
$
5.41

Diluted earnings (loss) per share
 
$
(1.08
)
 
$
5.34