XML 180 R151.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Capital Instruments - Schedule of Carrying Value of Capital Instruments (Parenthetical) (Detail) $ in Millions, $ in Millions | 12 Months Ended |  |  |
--- | --- | --- | --- | ---
Dec. 31, 2023 USD ($) | Dec. 31, 2022 USD ($) | Dec. 31, 2023 CAD ($) | Dec. 31, 2022 CAD ($) | Jan. 01, 2022 CAD ($)
Carrying value of capital instruments [line items] |  |  |  |  |
Debt instruments issued |  |  | $ 6,667 | $ 6,122 | $ 6,980
Canadian Dollar Offered Rate [Member] |  |  |  |  |
Carrying value of capital instruments [line items] |  |  |  |  |
Debt instruments issued |  |  | 2,745 | 3,343 |
US Dollar Mid Swaprate [Member] |  |  |  |  |
Carrying value of capital instruments [line items] |  |  |  |  |
Debt instruments issued |  |  | $ 987 | 1,013 |
Three Month Canadian Dollar Offer Rate [Member] |  |  |  |  |
Carrying value of capital instruments [line items] |  |  |  |  |
Borrowings adjustment to interest rate basis |  |  | 1.05% |  |
Singapore Dollar Swap Offer Rate [Member] |  |  |  |  |
Carrying value of capital instruments [line items] |  |  |  |  |
Debt instruments issued |  |  | $ 499 | 504 |
On May 09, 2023 [member] |  |  |  |  |
Carrying value of capital instruments [line items] |  |  |  |  |
Bond redemption variable interest rate |  |  | 3.317% |  |
JHFC subordinated notes [member] |  |  |  |  |
Carrying value of capital instruments [line items] |  |  |  |  |
Borrowings adjustment to interest rate basis |  |  | 0.72% |  |
Debt instruments issued |  |  | $ 647 | 647 |
JHFC subordinated notes [member] | Canadian Dollar Offered Rate [Member] |  |  |  |  |
Carrying value of capital instruments [line items] |  |  |  |  |
Debt instruments issued |  |  | $ 647 | 647 |
2.818% MFC Subordinated debentures [member] |  |  |  |  |
Carrying value of capital instruments [line items] |  |  |  |  |
Borrowings adjustment to interest rate basis |  |  | 1.82% |  |
Debt instruments issued |  |  | $ 996 | 996 |
Earliest par redemption date | May 13, 2030 |  |  |  |
4.061% MFC subordinated notes [member] |  |  |  |  |
Carrying value of capital instruments [line items] |  |  |  |  |
Interest rate, basis | 5-Year US Dollar Mid-Swap Rate plus 1.647%. |  |  |  |
Borrowings adjustment to interest rate basis |  |  | 1.647% |  |
Interest rate reset period | 5 years |  |  |  |
Debt instruments issued |  |  | $ 987 | 1,013 |
Earliest par redemption date | Feb. 24, 2027 |  |  |  |
7.375% JHUSA Surplus notes [Member] |  |  |  |  |
Carrying value of capital instruments [line items] |  |  |  |  |
Debt instruments issued |  |  | $ 594 | 615 |
3.00% MFC subordinated notes [member] |  |  |  |  |
Carrying value of capital instruments [line items] |  |  |  |  |
Interest rate, basis | 5-Year Singapore Dollar Swap Rate plus 0.832%. |  |  |  |
Borrowings adjustment to interest rate basis |  |  | 0.832% |  |
Interest rate reset period | 5 years |  |  |  |
Debt instruments issued |  |  | $ 499 | 504 |
Earliest par redemption date | Nov. 21, 2024 |  |  |  |
3.317% MFC Subordinated debentures [member] |  |  |  |  |
Carrying value of capital instruments [line items] |  |  |  |  |
Debt instruments issued |  |  |  | 600 |
Earliest par redemption date | May 09, 2023 |  |  |  |
2.237% MFC Subordinated debentures [member] |  |  |  |  |
Carrying value of capital instruments [line items] |  |  |  |  |
Borrowings adjustment to interest rate basis |  |  | 1.49% |  |
Debt instruments issued |  |  | $ 999 | $ 998 |
Earliest par redemption date | May 12, 2025 |  |  |  |
5.409% MFC Subordinated debentures [Member] |  |  |  |  |
Carrying value of capital instruments [line items] |  |  |  |  |
Debt instruments issued |  |  | $ 1,195 |  |
Earliest par redemption date | Mar. 10, 2028 |  |  |  |
5.409% MFC Subordinated debentures [Member] | Canadian Overnight Repo Rate [Member] | On Or After March Tenth Two Thousand And Twenty Eight [Member] |  |  |  |  |
Carrying value of capital instruments [line items] |  |  |  |  |
Borrowings adjustment to interest rate basis |  |  | 1.85% |  |
John Hancock Financial Corporation [Member] |  |  |  |  |
Carrying value of capital instruments [line items] |  |  |  |  |
Interest rate, basis | 90-day Bankers’ Acceptance rate plus 0.72%. |  |  |  |
John Hancock Financial Corporation [Member] | 7.375% JHUSA Surplus notes [Member] |  |  |  |  |
Carrying value of capital instruments [line items] |  |  |  |  |
Unamortized fair value increment | $ 1 | $ 5 |  |  |

X
- Definition The adjustment to the basis (reference rate) used for calculation of the interest rate on borrowings. [Refer: Borrowings] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IFRS -Number 7 -IssueDate 2023-01-01 -Paragraph 7 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2023-en-r&anchor=para_7&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_BorrowingsAdjustmentToInterestRateBasis
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition The basis (reference rate) used for calculation of the interest rate on borrowings. [Refer: Borrowings] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IFRS -Number 7 -IssueDate 2023-01-01 -Paragraph 7 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2023-en-r&anchor=para_7&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_BorrowingsInterestRateBasis
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The amount of instruments issued by the entity that represent indebtedness. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2023-01-01 -Paragraph 55 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2023-en-r&anchor=para_55&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_DebtSecurities
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Bond redemption variable rate + References No definition available. + Details
Name: | mfc_BondRedemptionVariableRate
Namespace Prefix: | mfc_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Borrowing interest rate reset period. + References No definition available. + Details
Name: | mfc_BorrowingInterestRateResetPeriod
Namespace Prefix: | mfc_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition Carrying value of capital instruments + References No definition available. + Details
Name: | mfc_CarryingValueOfCapitalInstrumentsLineItems
Namespace Prefix: | mfc_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Debt instrument redemption date. + References No definition available. + Details
Name: | mfc_DebtInstrumentRedemptionDate
Namespace Prefix: | mfc_
Data Type: | xbrli:dateItemType
Balance Type: | na
Period Type: | duration

X
- Definition Incremental unamortized fair value. + References No definition available. + Details
Name: | mfc_IncrementalUnamortizedFairValue
Namespace Prefix: | mfc_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Details
Name: | ifrs-full_TypesOfInterestRatesAxis=mfc_CanadianDollarOfferedRateMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_TypesOfInterestRatesAxis=mfc_UsDollarmidSwaprateMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_TypesOfInterestRatesAxis=mfc_ThreeMonthCanadianDollarOfferRateMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_TypesOfInterestRatesAxis=mfc_SingaporeDollarSwapOfferRateMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_MaturityAxis=mfc_MayNineTwoThousandAndTwentyOneMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_JHFCSubordinatedNotesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_TwoPointEightOneEightPercentageSubordinatedNotesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_FourPointZeroSixOnePercentageSubordinatedNotesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_SevenPointThreeSevenFiveSurplusNotesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_ThreePointZeroZeroPercentageSubordinatedDebenturesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_ThreePointThreeOneSevenPercentageSubordinatedDebenturesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_TwoPointTwoThreeSevenPercentageSubordinatedNotesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_FivePointFourZeroNinePercentageSubordinatedDebenturesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_TypesOfInterestRatesAxis=mfc_CanadianOvernightRepoRateMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | mfc_PeriodOfApplicabilityAxis=mfc_OnOrAfterMarchTenthTwoThousandAndTwentyEightMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_CategoriesOfRelatedPartiesAxis=mfc_JohnHancockFinancialCorporationMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |