XML 68 R40.htm IDEA: XBRL DOCUMENT
v3.22.1

Long-Term Debt (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2021
Financial Instruments [Abstract] |
Summary of long-term debt |
|  | 2021 |  | 2020
Canadian dollar denominated debt, unsecured |  |  |  |
Bank credit facilities |  | $ | — |  |  | $ | 1,614 |
Medium-term notes |  |  |  |
3.31% debentures due February 11, 2022 |  | 1,000 |  |  | 1,000 |
1.45% debentures due November 16, 2023 |  | 500 |  |  | 500 |
3.55% debentures due June 3, 2024 |  | 500 |  |  | 500 |
3.42% debentures due December 1, 2026 |  | 600 |  |  | 600 |
2.50% debentures due January 17, 2028 |  | 300 |  |  | 300 |
4.85% debentures due May 30, 2047 |  | 300 |  |  | 300 |
|  | 3,200 |  |  | 4,814 |
US dollar denominated debt, unsecured |  |  |  |
Bank credit facilities (December 31, 2021 – US$901 million; December 31, 2020 – US$3,953 million) |  | 1,140 |  |  | 5,041 |
Commercial paper (December 31, 2021 – US$nil; December 31, 2020 – US$426 million) |  | — |  |  | 544 |
US dollar debt securities |  |  |  |
3.45% due November 15, 2021 (US$500 million) |  | — |  |  | 638 |
2.95% due January 15, 2023 (US$1,000 million) |  | 1,266 |  |  | 1,276 |
3.80% due April 15, 2024 (US$500 million) |  | 633 |  |  | 638 |
3.90% due February 1, 2025 (US$600 million) |  | 759 |  |  | 765 |
2.05% due July 15, 2025 (US$600 million) |  | 759 |  |  | 765 |
3.85% due June 1, 2027 (US$1,250 million) |  | 1,582 |  |  | 1,595 |
2.95% due July 15, 2030 (US$500 million) |  | 633 |  |  | 638 |
7.20% due January 15, 2032 (US$400 million) |  | 506 |  |  | 510 |
6.45% due June 30, 2033 (US$350 million) |  | 443 |  |  | 446 |
5.85% due February 1, 2035 (US$350 million) |  | 443 |  |  | 446 |
6.50% due February 15, 2037 (US$450 million) |  | 570 |  |  | 574 |
6.25% due March 15, 2038 (US$1,100 million) |  | 1,392 |  |  | 1,403 |
6.75% due February 1, 2039 (US$400 million) |  | 506 |  |  | 510 |
4.95% due June 1, 2047 (US$750 million) |  | 949 |  |  | 957 |
|  | 11,581 |  |  | 16,746 |
Long-term debt before transaction costs and original issue discounts, net |  | 14,781 |  |  | 21,560 |
Less: original issue discounts, net (1) |  | 15 |  |  | 18 |
transaction costs (1) (2) |  | 72 |  |  | 89 |
|  | 14,694 |  |  | 21,453 |
Less: current portion of commercial paper |  | — |  |  | 544 |
current portion of other long-term debt (1) (2) |  | 1,000 |  |  | 799 |
|  | $ | 13,694 |  |  | $ | 20,110 |
(1)The Company has included unamortized original issue discounts and premiums, and directly attributable transaction costs in the carrying amount of the outstanding debt. (2)Transaction costs primarily represent underwriting commissions charged as a percentage of the related debt offerings, as well as legal, rating agency and other professional fees.
Schedule of debt repayments | Scheduled debt repayments are as follows:
Year | Repayment
2022 | $ | 1,000 |
2023 | $ | 2,906 |
2024 | $ | 1,133 |
2025 | $ | 1,518 |
2026 | $ | 600 |
Thereafter | $ | 7,624 |
The maturity dates of the Company’s financial liabilities were as follows:
|  | Less than 1 year |  | 1 to less than 2 years |  | 2 to less than 5 years |  | Thereafter
Accounts payable |  | $ | 803 |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Accrued liabilities |  | $ | 3,064 |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Long-term debt (1) |  | $ | 1,000 |  |  | $ | 2,906 |  |  | $ | 3,251 |  |  | $ | 7,624 |
Other long-term liabilities (2) |  | $ | 282 |  |  | $ | 181 |  |  | $ | 430 |  |  | $ | 824 |
Interest and other financing expense (3) |  | $ | 650 |  |  | $ | 583 |  |  | $ | 1,503 |  |  | $ | 3,971 |
(1)Long-term debt represents principal repayments only and does not reflect interest, original issue discounts and premiums or transaction costs. (2)Lease payments included within other long-term liabilities reflect principal payments only and are as follows; less than one year, $185 million; one to less than two years, $149 million; two to less than five years, $426 million; and thereafter, $824 million. (3)Includes interest and other financing expense on long-term debt and other long-term liabilities. Payments were estimated based upon applicable interest and foreign exchange rates at December 31, 2021.

X
- Definition Financial Instruments [Abstract] + References No definition available. + Details
Name: | cnq_FinancialInstrumentsAbstract
Namespace Prefix: | cnq_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of detailed information about borrowings. [Refer: Borrowings] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IFRS -Number 7 -IssueDate 2021-01-01 -Paragraph 7 -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2021-en-r&anchor=para_7&doctype=Standard -URIDate 2021-03-24 + Details
Name: | ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of a maturity analysis for non-derivative financial liabilities (including issued financial guarantee contracts) that shows the remaining contractual maturities. [Refer: Derivative financial liabilities] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2021-01-01 -Paragraph 39 -Subparagraph a -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2021-en-r&anchor=para_39_a&doctype=Standard -URIDate 2021-03-24 + Details
Name: | ifrs-full_MaturityAnalysisForNonderivativeFinancialLiabilities
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration