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Other Liabilities | 12 Months Ended
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Dec. 31, 2022
Subclassifications of assets, liabilities and equities [abstract] |
Other Liabilities |
12. Other Liabilities |
12.A Composition of Other Liabilities
As at December 31, | 2022 | 2021
Accounts payable |  | $ | 2,639 |  |  | $ | 1,866 |
Bank overdrafts and cash pooling |  | 6 |  |  | 133 |
Repurchase agreements (Note 5) |  | 2,725 |  |  | 2,324 |
Accrued expenses and taxes |  | 4,213 |  |  | 4,265 |
Credit facilities |  | 2,339 |  |  | 441 |
Borrowed funds(1) |  | 403 |  |  | 432 |
Accrued post-retirement benefit liability (Note 25) |  | 268 |  |  | 528 |
Secured borrowings from mortgage securitization (Note 5) |  | 2,158 |  |  | 2,007 |
Lease liabilities |  | 952 |  |  | 850 |
Other financial liabilities (Note 5)(2) |  | 1,996 |  |  | 1,810 |
Obligations for securities borrowing |  | 73 |  |  | 51 |
Collateralized loan obligation (Note 5) |  | 2,816 |  |  | 1,726 |
Deferred payments liability |  | 299 |  |  | 330 |
Other |  | 1,761 |  |  | 1,020 |
Total other liabilities |  | $ | 22,648 |  |  | $ | 17,783 |
(1) The change in Borrowed funds relates to net cash flow changes of $(34) in 2022 (2021 — $31) and foreign exchange rate movements of $8 in 2022 (2021 — $nil). (2) Comprises financial liabilities related to acquisitions, including put option liabilities and financial liabilities due to NCI. Interest expense related to financial liabilities are $68 in 2022 (2021 — $64). Other financial liabilities include contingent consideration payments and obligations to purchase remaining outstanding shares of certain SLC Management subsidiaries. These amounts are initially measured at fair value. For obligations to purchase remaining outstanding shares, the fair value is based on the expected average EBITDA using multiples in accordance with contractual terms as described in Note 5.A.ii During the year, these amounts were revised to reflect the change in expected cash flows, resulting in an increase in our liability of $96 (2021 — $187), which has been recognized in the Consolidated Statements of Operations. 12.B Borrowed Funds Borrowed funds include the following:
As at December 31, | Currency of borrowing | Maturity | 2022 | 2021
Encumbrances on real estate | Cdn. dollars | Current - 2032 |  | $ | 326 |  |  | $ | 323 |
Encumbrances on real estate | U.S. dollars | 2023 - 2027 |  | 77 |  |  | 109 |
Total borrowed funds |  |  |  |  | $ | 403 |  |  | $ | 432 |
Interest expense for the borrowed funds was $67 and $22 for 2022 and 2021, respectively. The aggregate maturities of borrowed funds are included in Note 6.

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