XML 176 R147.htm IDEA: XBRL DOCUMENT
v3.22.4

Employee Future Benefits - Summary of Amounts Recognized in Consolidated Statements of Financial Position (Detail) - CAD ($) $ in Millions | 12 Months Ended
--- | ---
Dec. 31, 2022 | Dec. 31, 2021
Pension defined benefit plans [member] |  |
Disclosure of defined benefit plans [Line Items] |  |
Defined benefit obligation | $ 3,794 | $ 4,560
Fair value of plan assets | 3,722 | 4,510
Deficit | 72 | 50
Effect of asset limit | 48 | 37
Deficit and net defined benefit liability | 120 | 87
Pension defined benefit plans [member] | Funded [Member] |  |
Disclosure of defined benefit plans [Line Items] |  |
Deficit and net defined benefit liability | (441) | (600)
Pension defined benefit plans [member] | Unfunded [Member] |  |
Disclosure of defined benefit plans [Line Items] |  |
Deficit and net defined benefit liability | 561 | 687
Retiree welfare plans [Member] |  |
Disclosure of defined benefit plans [Line Items] |  |
Defined benefit obligation | 466 | 584
Fair value of plan assets | 523 | 587
Deficit | (57) | (3)
Effect of asset limit | 0 |
Deficit and net defined benefit liability | (57) | (3)
Retiree welfare plans [Member] | Funded [Member] |  |
Disclosure of defined benefit plans [Line Items] |  |
Deficit and net defined benefit liability | (168) | (154)
Retiree welfare plans [Member] | Unfunded [Member] |  |
Disclosure of defined benefit plans [Line Items] |  |
Deficit and net defined benefit liability | $ 111 | $ 151

X
- Definition The present value, without deducting any plan assets, of expected future payments required to settle the obligation resulting from employee service in the current and prior periods. [Refer: Plan assets, at fair value] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 19 -IssueDate 2022-03-24 -Paragraph 57 -Subparagraph a -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=19&code=ifrs-tx-2022-en-r&anchor=para_57_a&doctype=Standard -URIDate 2022-03-24 + Details
Name: | ifrs-full_DefinedBenefitObligationAtPresentValue
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with members defined in one or many axes of the table. + References No definition available. + Details
Name: | ifrs-full_DisclosureOfDefinedBenefitPlansLineItems
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The decrease (increase) in the net defined benefit liability (asset) resulting from the gain (loss) on changes in the effect of limiting a net defined benefit asset to the asset ceiling, excluding amounts included in interest income or expense. [Refer: Interest income (expense); Net defined benefit liability (asset); Increase (decrease) in net defined benefit liability (asset) resulting from interest expense (income)] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 19 -IssueDate 2022-03-24 -Paragraph 141 -Subparagraph c -Clause iv -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=19&code=ifrs-tx-2022-en-r&anchor=para_141_c_iv&doctype=Standard -URIDate 2022-03-24 + Details
Name: | ifrs-full_GainLossOnChangesInEffectOfLimitingNetDefinedBenefitAssetToAssetCeiling
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The amount of deficit or surplus in a defined benefit plan, adjusted for any effect of limiting a net defined benefit asset to the asset ceiling. [Refer: Defined benefit plans [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 19 -IssueDate 2022-03-24 -Paragraph 140 -Subparagraph a -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=19&code=ifrs-tx-2022-en-r&anchor=para_140_a&doctype=Standard -URIDate 2022-03-24 + Details
Name: | ifrs-full_LiabilityAssetOfDefinedBenefitPlans
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The fair value of defined benefit plan assets. Plan assets comprise assets held by a long-term employee benefit fund and qualifying insurance policies. [Refer: At fair value [member]] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 19 -IssueDate 2022-03-24 -Paragraph 57 -Subparagraph a -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=19&code=ifrs-tx-2022-en-r&anchor=para_57_a&doctype=Standard -URIDate 2022-03-24 + Details
Name: | ifrs-full_PlanAssetsAtFairValue
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition The fair value of any plan assets, less the present value of the defined benefit obligation. [Refer: Plan assets [member]] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 19 -IssueDate 2022-03-24 -Paragraph 57 -Subparagraph a -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=19&code=ifrs-tx-2022-en-r&anchor=para_57_a&doctype=Standard -URIDate 2022-03-24 + Details
Name: | ifrs-full_SurplusDeficitInPlan
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Details
Name: | ifrs-full_DefinedBenefitPlansAxis=ifrs-full_PensionDefinedBenefitPlansMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_NetDefinedBenefitLiabilityAssetAxis=ifrs-full_WhollyOrPartlyFundedDefinedBenefitPlansMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_NetDefinedBenefitLiabilityAssetAxis=ifrs-full_WhollyUnfundedDefinedBenefitPlansMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_DefinedBenefitPlansAxis=mfc_RetireeWelfarePlansMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |