2024 Q1 Form 10-K Financial Statement

#000001687524000009 Filed on February 27, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue 3.520B cads $3.776B 12.56B cads
YoY Change 55.34% 53.37% 42.44%
Cost Of Revenue $550.0M $614.0M $2.027B
YoY Change 38.19% 31.2% 22.11%
Gross Profit $2.970B $3.162B $10.53B
YoY Change 58.99% 58.58% 47.16%
Gross Profit Margin 84.38% 83.74% 83.86%
Selling, General & Admin $758.0M $713.0M $2.609B
YoY Change 61.97% 55.34% 52.57%
% of Gross Profit 25.52% 22.55% 24.78%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization 467.0M cads $457.0M 1.543B cads
YoY Change 107.56% 108.68% 80.89%
% of Gross Profit 15.72% 14.45% 14.66%
Operating Expenses $1.785B $1.720B $6.140B
YoY Change 71.8% 71.14% 60.52%
Operating Profit 1.149B cads $1.442B 4.388B cads
YoY Change 38.6% 45.8% 31.81%
Interest Expense -$206.0M -$206.0M -$541.0M
YoY Change -512.0% -173.05% -228.2%
% of Operating Profit -17.93% -14.29% -12.33%
Other Income/Expense, Net 2.000M cads $57.00M -52.00M cads
YoY Change -200.0% -44.12% 205.88%
Pretax Income 1.033B cads $1.293B -3.053B cads
YoY Change 7.27% -5.83% -173.66%
Income Tax 259.0M cads $275.0M -6.976B cads
% Of Pretax Income 25.07% 21.27%
Net Earnings 775.0M cads $1.023B 3.927B cads
YoY Change -3.13% -19.51% 11.66%
Net Earnings / Revenue 22.02% 27.09% 31.28%
Basic Earnings Per Share $0.83 $4.22
Diluted Earnings Per Share $0.83 $1.10 $4.21
COMMON SHARES
Basic Shares Outstanding 932.4M shares 931.8M shares 931.3M shares
Diluted Shares Outstanding 934.4M shares 933.7M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $519.0M $464.0M $464.0M
YoY Change 78.97% 2.88% 2.88%
Cash & Equivalents 519.0M cads 464.0M cads $464.0M
Short-Term Investments
Other Short-Term Assets 285.0M cads 251.0M cads $251.0M
YoY Change 61.93% 81.88% 81.88%
Inventory $399.0M $400.0M $400.0M
Prepaid Expenses
Receivables 1.943B cads 1.887B cads $1.887B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets 3.146B cads 3.002B cads $3.002B
YoY Change 76.74% 58.92% 58.92%
LONG-TERM ASSETS
Property, Plant & Equipment 52.69B cads 51.74B cads $51.74B
YoY Change 133.62% 131.15% 131.15%
Goodwill 18.23B cads 17.73B cads
YoY Change 5053.78%
Intangibles 3.026B cads 2.974B cads
YoY Change 6980.95%
Long-Term Investments $561.0M 0.000 cads $533.0M
YoY Change -98.75% -100.0% -98.82%
Other Assets 587.0M cads 582.0M cads $3.920B
YoY Change 42.13% 38.57% 11.33%
Total Long-Term Assets 78.52B cads 76.90B cads $76.90B
YoY Change 9.48% 7.39% 7.39%
TOTAL ASSETS
Total Short-Term Assets 3.146B cads 3.002B cads $3.002B
Total Long-Term Assets 78.52B cads 76.90B cads $76.90B
Total Assets 81.67B cads 79.90B cads $79.90B
YoY Change 11.11% 8.72% 8.72%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.525B $2.567B $2.567B
YoY Change 59.61% 50.73% 50.73%
Accrued Expenses 667.0M cads $1.195B
YoY Change 134.86% 65.97%
Deferred Revenue
YoY Change
Short-Term Debt $650.0M $1.058B $1.058B
YoY Change
Long-Term Debt Due $3.249B $3.143B $3.143B
YoY Change 196.44% 108.15% 108.15%
Total Short-Term Liabilities 6.424B cads 5.710B cads $5.710B
YoY Change 139.88% 77.72% 77.72%
LONG-TERM LIABILITIES
Long-Term Debt $18.83B $19.35B $19.35B
YoY Change 4.22% 6.67% 6.67%
Other Long-Term Liabilities 832.0M cads 797.0M cads $1.378B
YoY Change 71.9% 53.27% 30.25%
Total Long-Term Liabilities 832.0M cads 797.0M cads $20.73B
YoY Change 71.9% 53.27% 7.97%
TOTAL LIABILITIES
Total Short-Term Liabilities 6.424B cads 5.710B cads $5.710B
Total Long-Term Liabilities 832.0M cads 797.0M cads $20.73B
Total Liabilities 37.91B cads 37.49B cads $38.41B
YoY Change 11.55% 8.33% 10.98%
SHAREHOLDERS EQUITY
Retained Earnings 17.02B cads 16.42B cads
YoY Change 23.1% 24.38%
Common Stock 25.72B cads 25.69B cads
YoY Change 0.4% 0.38%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity 42.82B cads 41.49B cads $41.49B
YoY Change
Total Liabilities & Shareholders Equity 81.67B cads 79.90B cads $79.90B
YoY Change 11.11% 8.72% 8.72%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income 775.0M cads $1.023B 3.927B cads
YoY Change -3.13% -19.51% 11.66%
Depreciation, Depletion And Amortization 467.0M cads $457.0M 1.543B cads
YoY Change 107.56% 108.68% 80.89%
Cash From Operating Activities 1.015B cads $1.336B 4.137B cads
YoY Change 15.21% -22.33% -0.12%
INVESTING ACTIVITIES
Capital Expenditures 527.0M cads $705.0M 2.468B cads
YoY Change 30.12% 30.8% 58.51%
Acquisitions
YoY Change
Other Investing Activities 12.00M cads $304.0M 25.00M cads
YoY Change 1347.62% -933.33%
Cash From Investing Activities -542.0M cads -$401.0M -2.162B cads
YoY Change 35.16% -22.59% 44.52%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net 69.00M cads
YoY Change -315.63%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -431.0M cads -753.0M -1.955B cads
YoY Change -33.18% -15.2% -14.89%
NET CHANGE
Cash From Operating Activities 1.015B cads 1.336B 4.137B cads
Cash From Investing Activities -542.0M cads -401.0M -2.162B cads
Cash From Financing Activities -431.0M cads -753.0M -1.955B cads
Net Change In Cash 55.00M cads 182.0M 13.00M cads
YoY Change -134.16% -42.04% -96.48%
FREE CASH FLOW
Cash From Operating Activities 1.015B cads $1.336B 4.137B cads
Capital Expenditures 527.0M cads $705.0M 2.468B cads
Free Cash Flow 488.0M cads $631.0M 1.669B cads
YoY Change 2.52% -46.57% -35.44%

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CY2023 us-gaap Use Of Estimates
UseOfEstimates
<div style="text-align:justify"><span style="color:#494949;font-family:'Frutiger LT Com 47 Light Cn',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of estimates and judgements</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Frutiger LT Com 47 Light Cn',sans-serif;font-size:9pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with GAAP requires management to exercise its judgement in applying the Company's accounting policies. It also requires the use of accounting estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the Consolidated Financial Statements, disclosure of contingent assets and liabilities at the date of the Consolidated Financial Statements, and reported amounts of revenues and expenses during the reporting periods. Although these estimates are based on management's best knowledge of current events and actions, actual results may ultimately differ from those estimates.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Frutiger LT Com 47 Light Cn',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Critical estimates and judgements made by management relate to:</span></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="background-color:#ffffff;color:#000000;font-family:'Frutiger LT Com 47 Light Cn',sans-serif;font-size:9pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Frutiger LT Com 47 Light Cn',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:13.5pt">Deferred income taxes (Note 6);</span></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Frutiger LT Com 47 Light Cn',sans-serif;font-size:9pt;font-weight:400;line-height:120%">•</span><span style="background-color:#ffffff;color:#000000;font-family:'Frutiger LT Com 47 Light Cn',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:13.5pt">Business acquisitions </span><span style="color:#000000;font-family:'Frutiger LT Com 47 Light Cn',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(Note 11);</span></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Frutiger LT Com 47 Light Cn',sans-serif;font-size:9pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Frutiger LT Com 47 Light Cn',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:13.5pt">Properties (Note 13);</span></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Frutiger LT Com 47 Light Cn',sans-serif;font-size:9pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Frutiger LT Com 47 Light Cn',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:13.5pt">Goodwill (Note 14);</span></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Frutiger LT Com 47 Light Cn',sans-serif;font-size:9pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Frutiger LT Com 47 Light Cn',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:13.5pt">Intangible assets (Note 15);</span></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Frutiger LT Com 47 Light Cn',sans-serif;font-size:9pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Frutiger LT Com 47 Light Cn',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:13.5pt">Provision for environmental remediation (Note 19);</span></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Frutiger LT Com 47 Light Cn',sans-serif;font-size:9pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Frutiger LT Com 47 Light Cn',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:13.5pt">Pension and other benefits (Note 23); and</span></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Frutiger LT Com 47 Light Cn',sans-serif;font-size:9pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Frutiger LT Com 47 Light Cn',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:13.5pt">Legal claims (Note 26).</span></div>
CY2023 cp Probability Thresholds For Recognizing Income Tax Benefits
ProbabilityThresholdsForRecognizingIncomeTaxBenefits
0.50
CY2023 cp Cash And Cash Equivalents Maturity Period Maximum
CashAndCashEquivalentsMaturityPeriodMaximum
P3M
CY2023 cp Maximum Market Related Assets Value As Percentage Of Market Value
MaximumMarketRelatedAssetsValueAsPercentageOfMarketValue
1.20
CY2023 cp Minimum Market Related Assets Value As Percentage Of Market Value
MinimumMarketRelatedAssetsValueAsPercentageOfMarketValue
0.80
CY2023 cp Unrecognized Actuarial Gains And Losses As Percentage In Excess Of Benefit Obligations And Plan Assets
UnrecognizedActuarialGainsAndLossesAsPercentageInExcessOfBenefitObligationsAndPlanAssets
0.10
CY2023 cp Defined Benefit Plan Expected Average Service Periods Of Active Employees
DefinedBenefitPlanExpectedAverageServicePeriodsOfActiveEmployees
P13Y
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
8730000000 cad
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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CY2023 us-gaap Lease Income
LeaseIncome
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CY2022 us-gaap Lease Income
LeaseIncome
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CY2021 us-gaap Lease Income
LeaseIncome
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CY2023 us-gaap Revenues
Revenues
12555000000 cad
CY2022 us-gaap Revenues
Revenues
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CY2021 us-gaap Revenues
Revenues
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CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
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CY2021Q4 us-gaap Contract With Customer Liability
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CY2023 us-gaap Contract With Customer Liability Increase Decrease For Contract Acquired In Business Combination
ContractWithCustomerLiabilityIncreaseDecreaseForContractAcquiredInBusinessCombination
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CY2022 us-gaap Contract With Customer Liability Increase Decrease For Contract Acquired In Business Combination
ContractWithCustomerLiabilityIncreaseDecreaseForContractAcquiredInBusinessCombination
0 cad
CY2023 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
-36000000 cad
CY2022 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
-21000000 cad
CY2023 cp Contractwith Customers Liability Increase Due To Cash Received
ContractwithCustomersLiabilityIncreaseDueToCashReceived
17000000 cad
CY2022 cp Contractwith Customers Liability Increase Due To Cash Received
ContractwithCustomersLiabilityIncreaseDueToCashReceived
18000000 cad
CY2023Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
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CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
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CY2023 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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CY2022 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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CY2021 us-gaap Other Nonoperating Income Expense
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CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
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CurrentIncomeTaxExpenseBenefit
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CurrentIncomeTaxExpenseBenefit
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CY2022 cp Deferred Income Tax Expense Benefit Reversal Of Outside Basis Deferred Tax
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0 cad
CY2021 cp Deferred Income Tax Expense Benefit Reversal Of Outside Basis Deferred Tax
DeferredIncomeTaxExpenseBenefitReversalOfOutsideBasisDeferredTax
0 cad
CY2023 cp Deferred Income Tax Expense Benefit Origination And Reversal Of Temporary Differences
DeferredIncomeTaxExpenseBenefitOriginationAndReversalOfTemporaryDifferences
53000000 cad
CY2022 cp Deferred Income Tax Expense Benefit Origination And Reversal Of Temporary Differences
DeferredIncomeTaxExpenseBenefitOriginationAndReversalOfTemporaryDifferences
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CY2021 cp Deferred Income Tax Expense Benefit Origination And Reversal Of Temporary Differences
DeferredIncomeTaxExpenseBenefitOriginationAndReversalOfTemporaryDifferences
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CY2023 cp Deferred Income Tax Expense Benefit Change In Enacted Tax Rate
DeferredIncomeTaxExpenseBenefitChangeInEnactedTaxRate
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CY2022 cp Deferred Income Tax Expense Benefit Change In Enacted Tax Rate
DeferredIncomeTaxExpenseBenefitChangeInEnactedTaxRate
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CY2021 cp Deferred Income Tax Expense Benefit Change In Enacted Tax Rate
DeferredIncomeTaxExpenseBenefitChangeInEnactedTaxRate
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CY2023 cp Deferred Income Tax Expense Benefit Net Investment Hedge And Equity Method Investees
DeferredIncomeTaxExpenseBenefitNetInvestmentHedgeAndEquityMethodInvestees
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CY2022 cp Deferred Income Tax Expense Benefit Net Investment Hedge And Equity Method Investees
DeferredIncomeTaxExpenseBenefitNetInvestmentHedgeAndEquityMethodInvestees
59000000 cad
CY2021 cp Deferred Income Tax Expense Benefit Net Investment Hedge And Equity Method Investees
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CY2023 cp Deferred Income Tax Expense Benefit Other
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CY2022 cp Deferred Income Tax Expense Benefit Other
DeferredIncomeTaxExpenseBenefitOther
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CY2021 cp Deferred Income Tax Expense Benefit Other
DeferredIncomeTaxExpenseBenefitOther
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CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CurrentIncomeTaxExpenseBenefit
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CurrentIncomeTaxExpenseBenefit
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DeferredForeignIncomeTaxExpenseBenefit
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DeferredForeignIncomeTaxExpenseBenefit
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DeferredForeignIncomeTaxExpenseBenefit
421000000 cad
CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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DeferredIncomeTaxExpenseBenefit
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DeferredIncomeTaxExpenseBenefit
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CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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IncomeTaxExpenseBenefit
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CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
768000000 cad
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DeferredTaxAssetsOperatingLossCarryforwards
173000000 cad
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
70000000 cad
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
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276000000 cad
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
108000000 cad
CY2023Q4 us-gaap Deferred Tax Assets Unrealized Currency Losses
DeferredTaxAssetsUnrealizedCurrencyLosses
18000000 cad
CY2022Q4 us-gaap Deferred Tax Assets Unrealized Currency Losses
DeferredTaxAssetsUnrealizedCurrencyLosses
50000000 cad
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
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CY2023Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
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CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
255000000 cad
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CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
36000000 cad
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
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DeferredTaxAssetsLiabilitiesNet
488000000 cad
CY2022Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
251000000 cad
CY2023Q4 us-gaap Deferred Tax Liabilities Investment In Noncontrolled Affiliates
DeferredTaxLiabilitiesInvestmentInNoncontrolledAffiliates
0 cad
CY2022Q4 us-gaap Deferred Tax Liabilities Investment In Noncontrolled Affiliates
DeferredTaxLiabilitiesInvestmentInNoncontrolledAffiliates
7526000000 cad
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DeferredTaxLiabilitiesPropertyPlantAndEquipment
9481000000 cad
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DeferredTaxLiabilitiesPropertyPlantAndEquipment
4149000000 cad
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751000000 cad
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DeferredTaxLiabilitiesDeferredExpenseReservesAndAccruals
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789000000 cad
CY2022Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
0 cad
CY2023Q4 us-gaap Deferred Tax Liabilities Investments
DeferredTaxLiabilitiesInvestments
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DeferredTaxLiabilitiesInvestments
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CY2023Q4 us-gaap Deferred Income Tax Liabilities
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CY2022Q4 us-gaap Deferred Income Tax Liabilities
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CY2023Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
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CY2022Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
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CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.2611
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.2612
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2023 cp Effective Income Tax Rate Reconciliation Reversal Of Outside Basis Deferred Tax Amount
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CY2022 cp Effective Income Tax Rate Reconciliation Reversal Of Outside Basis Deferred Tax Amount
EffectiveIncomeTaxRateReconciliationReversalOfOutsideBasisDeferredTaxAmount
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CY2021 cp Effective Income Tax Rate Reconciliation Reversal Of Outside Basis Deferred Tax Amount
EffectiveIncomeTaxRateReconciliationReversalOfOutsideBasisDeferredTaxAmount
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CY2023 cp Effective Income Tax Rate Reconciliation Remeasurement Loss Of Acquisition Amount
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CY2022 cp Effective Income Tax Rate Reconciliation Remeasurement Loss Of Acquisition Amount
EffectiveIncomeTaxRateReconciliationRemeasurementLossOfAcquisitionAmount
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CY2021 cp Effective Income Tax Rate Reconciliation Remeasurement Loss Of Acquisition Amount
EffectiveIncomeTaxRateReconciliationRemeasurementLossOfAcquisitionAmount
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CY2022 us-gaap Income Tax Reconciliation State And Local Income Taxes
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CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
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CY2023 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
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CY2022 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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CY2021 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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CY2023 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
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CY2022 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
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CY2021 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
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CY2023 cp Effective Income Tax Reconciliation Deduction For Dividends Taxed On Outside Basis
EffectiveIncomeTaxReconciliationDeductionForDividendsTaxedOnOutsideBasis
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CY2022 cp Effective Income Tax Reconciliation Deduction For Dividends Taxed On Outside Basis
EffectiveIncomeTaxReconciliationDeductionForDividendsTaxedOnOutsideBasis
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CY2021 cp Effective Income Tax Reconciliation Deduction For Dividends Taxed On Outside Basis
EffectiveIncomeTaxReconciliationDeductionForDividendsTaxedOnOutsideBasis
0 cad
CY2023 us-gaap Income Tax Reconciliation Tax Contingencies
IncomeTaxReconciliationTaxContingencies
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CY2022 us-gaap Income Tax Reconciliation Tax Contingencies
IncomeTaxReconciliationTaxContingencies
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CY2021 us-gaap Income Tax Reconciliation Tax Contingencies
IncomeTaxReconciliationTaxContingencies
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CY2023 cp Effective Income Tax Rate Reconciliation Inflation Amount
EffectiveIncomeTaxRateReconciliationInflationAmount
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CY2022 cp Effective Income Tax Rate Reconciliation Inflation Amount
EffectiveIncomeTaxRateReconciliationInflationAmount
0 cad
CY2021 cp Effective Income Tax Rate Reconciliation Inflation Amount
EffectiveIncomeTaxRateReconciliationInflationAmount
0 cad
CY2023 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2022 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
0 cad
CY2021 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
0 cad
CY2023 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
26000000 cad
CY2022 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-21000000 cad
CY2021 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
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CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
628000000 cad
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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cp Effective Income Tax Rate Reconciliation Basis Difference On Equity Method Investment
EffectiveIncomeTaxRateReconciliationBasisDifferenceOnEquityMethodInvestment
-23000000 cad
cp Effective Income Tax Rate Reconciliation Basis Difference On Equity Method Investment
EffectiveIncomeTaxRateReconciliationBasisDifferenceOnEquityMethodInvestment
-17000000 usd
CY2022 cp Effective Income Tax Rate Reconciliation Basis Difference On Equity Method Investment
EffectiveIncomeTaxRateReconciliationBasisDifferenceOnEquityMethodInvestment
-19000000 cad
CY2022 cp Effective Income Tax Rate Reconciliation Basis Difference On Equity Method Investment
EffectiveIncomeTaxRateReconciliationBasisDifferenceOnEquityMethodInvestment
-15000000 usd
CY2021 cp Effective Income Tax Rate Reconciliation Basis Difference On Equity Method Investment
EffectiveIncomeTaxRateReconciliationBasisDifferenceOnEquityMethodInvestment
-33000000 cad
CY2021 cp Effective Income Tax Rate Reconciliation Basis Difference On Equity Method Investment
EffectiveIncomeTaxRateReconciliationBasisDifferenceOnEquityMethodInvestment
-26000000 usd
CY2023 cp Effective Income Tax Rate Reconciliation Derecognition Of Deferred Tax Liability
EffectiveIncomeTaxRateReconciliationDerecognitionOfDeferredTaxLiability
7832000000 cad
CY2023 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
-13000000 cad
CY2022 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
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CY2022Q4 us-gaap Accrual For Environmental Loss Contingencies
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CY2023Q4 us-gaap Finance Lease Liability Payments Due After Year Five
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CY2023 cp Expected Return On Fund Assets Calculated Using Market Related Assets Values Developed Period
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CY2021 us-gaap Stock Issued During Period Shares Share Based Compensation
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CY2023Q4 cp Other Than Deferred Investment Losses Gains
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CY2022Q4 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Net Prior Service Cost Credit Before Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetPriorServiceCostCreditBeforeTax
-32000000 cad
CY2023Q4 cp Defined Benefit Plan Accumulated Other Comprehensive Income Deferred Income Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeDeferredIncomeTax
-619000000 cad
CY2022Q4 cp Defined Benefit Plan Accumulated Other Comprehensive Income Deferred Income Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeDeferredIncomeTax
-599000000 cad
CY2023Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
-1463000000 cad
CY2022Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
-1410000000 cad
CY2023Q4 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate
0.0464
CY2022Q4 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate
0.0501
CY2021Q4 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate
0.0301
CY2023Q4 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Rate Of Compensation Increase
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationRateOfCompensationIncrease
0.0275
CY2022Q4 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Rate Of Compensation Increase
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationRateOfCompensationIncrease
0.0275
CY2021Q4 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Rate Of Compensation Increase
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationRateOfCompensationIncrease
0.0275
CY2023Q4 us-gaap Defined Benefit Plan Ultimate Health Care Cost Trend Rate1
DefinedBenefitPlanUltimateHealthCareCostTrendRate1
0.0500
CY2022Q4 us-gaap Defined Benefit Plan Ultimate Health Care Cost Trend Rate1
DefinedBenefitPlanUltimateHealthCareCostTrendRate1
0.0500
CY2021Q4 us-gaap Defined Benefit Plan Ultimate Health Care Cost Trend Rate1
DefinedBenefitPlanUltimateHealthCareCostTrendRate1
0.0500
CY2023 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate
0.0501
CY2022 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate
0.0301
CY2021 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate
0.0258
CY2023 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets
0.0690
CY2022 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets
0.0690
CY2021 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets
0.0690
CY2023 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Rate Of Compensation Increase
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostRateOfCompensationIncrease
0.0275
CY2022 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Rate Of Compensation Increase
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostRateOfCompensationIncrease
0.0275
CY2021 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Rate Of Compensation Increase
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostRateOfCompensationIncrease
0.0275
CY2023 cp Defined Benefit Plan Health Care Cost Trend Rate Change
DefinedBenefitPlanHealthCareCostTrendRateChange
0.0500
CY2022 cp Defined Benefit Plan Health Care Cost Trend Rate Change
DefinedBenefitPlanHealthCareCostTrendRateChange
0.0500
CY2021 cp Defined Benefit Plan Health Care Cost Trend Rate Change
DefinedBenefitPlanHealthCareCostTrendRateChange
0.0500
CY2023 cp Maximum Value Of Underlying Asset Represented By Financial Derivatives Excluding Currency Forwards
MaximumValueOfUnderlyingAssetRepresentedByFinancialDerivativesExcludingCurrencyForwards
0.30
CY2023Q4 cp Solvencyfundedpositionhedgedagainstinterestraterisk
Solvencyfundedpositionhedgedagainstinterestraterisk
0.50
CY2022Q4 cp Solvencyfundedpositionhedgedagainstinterestraterisk
Solvencyfundedpositionhedgedagainstinterestraterisk
0.45
CY2023Q4 us-gaap Defined Benefit Plan Number Of Shares Of Equity Securities Issued By Employer And Related Parties Included In Plan Assets
DefinedBenefitPlanNumberOfSharesOfEquitySecuritiesIssuedByEmployerAndRelatedPartiesIncludedInPlanAssets
354530 shares
CY2022Q4 us-gaap Defined Benefit Plan Number Of Shares Of Equity Securities Issued By Employer And Related Parties Included In Plan Assets
DefinedBenefitPlanNumberOfSharesOfEquitySecuritiesIssuedByEmployerAndRelatedPartiesIncludedInPlanAssets
570074 shares
CY2023 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
14000000 cad
CY2022 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
12000000 cad
CY2021 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
13000000 cad
CY2023 us-gaap Multiemployer Plan Employer Contribution Cost
MultiemployerPlanEmployerContributionCost
4000000 cad
CY2022 us-gaap Multiemployer Plan Employer Contribution Cost
MultiemployerPlanEmployerContributionCost
2000000 cad
CY2021 us-gaap Multiemployer Plan Employer Contribution Cost
MultiemployerPlanEmployerContributionCost
3000000 cad
CY2023 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
122000000 cad
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
113000000 cad
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
131000000 cad
CY2023 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
27000000 cad
CY2022 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
26000000 cad
CY2021 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
29000000 cad
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Share Based Liabilities Paid
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsShareBasedLiabilitiesPaid
89000000 cad
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Share Based Liabilities Paid
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsShareBasedLiabilitiesPaid
137000000 cad
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Share Based Liabilities Paid
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsShareBasedLiabilitiesPaid
126000000 cad
CY2023Q4 us-gaap Guarantee Obligations Current Carrying Value
GuaranteeObligationsCurrentCarryingValue
8000000 cad
CY2022Q4 us-gaap Guarantee Obligations Current Carrying Value
GuaranteeObligationsCurrentCarryingValue
5000000 cad
CY2023 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2023 us-gaap Revenues
Revenues
12555000000 cad
CY2023Q4 us-gaap Noncurrent Assets
NoncurrentAssets
52091000000 cad
CY2022 us-gaap Revenues
Revenues
8814000000 cad
CY2022Q4 us-gaap Noncurrent Assets
NoncurrentAssets
22652000000 cad
CY2021 us-gaap Revenues
Revenues
7995000000 cad

Files In Submission

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