XML 144 R82.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Goodwill and Intangible Assets - Change in Carrying Value of Goodwill and Intangible Assets (Details) - CAD ($) $ in Millions | 12 Months Ended |
--- | --- | ---
Dec. 31, 2024 | Dec. 31, 2023 | Apr. 30, 2024
Reconciliation of changes in intangible assets and goodwill [abstract] |  |  |
Goodwill at beginning of period | $ 5,919 | $ 6,014 |
Intangible assets at beginning of period | 4,391 | 4,505 |
Intangible assets and goodwill at beginning of period | 10,310 | 10,519 |
Net additions / (disposals), goodwill | 150 | 0 |
Net additions / (disposals), intangible assets | 508 | 312 |
Net additions / (disposals), goodwill and intangible assets | 658 | 312 |
Amortization expense | (374) | (328) |
Effect of changes in foreign exchange rates | 206 | (95) |
Effect of changes in foreign exchange rates, intangible assets | 252 | (98) |
Effect of changes in foreign exchange rates, goodwill and intangible assets | 458 | (193) |
Goodwill at end of period | 6,275 | 5,919 |
Intangible assets at end of period | 4,777 | 4,391 |
Goodwill and intangible assets at end of period | 11,052 | 10,310 |
CQS Management Limited |  |  |
Reconciliation of changes in intangible assets and goodwill [abstract] |  |  |
Percentage of voting equity interests acquired |  |  | 100.00%
Cash consideration |  |  | $ 334
Contingent consideration |  |  | 8
Goodwill |  |  | 150
Canada WAM |  |  |
Reconciliation of changes in intangible assets and goodwill [abstract] |  |  |
Goodwill at beginning of period | 1,436 | 1,436 |
Net additions / (disposals), goodwill | 0 | 0 |
Effect of changes in foreign exchange rates | 0 | 0 |
Goodwill at end of period | 1,436 | 1,436 |
U.S. WAM |  |  |
Reconciliation of changes in intangible assets and goodwill [abstract] |  |  |
Goodwill at beginning of period | 1,250 | 1,286 |
Net additions / (disposals), goodwill | 150 | 0 |
Effect of changes in foreign exchange rates | 121 | (36) |
Goodwill at end of period | 1,521 | 1,250 |
Distribution networks |  |  |
Reconciliation of changes in intangible assets and goodwill [abstract] |  |  |
Intangible assets at beginning of period | 834 | 881 |
Net additions / (disposals), intangible assets | 13 | 31 |
Amortization expense | (56) | (53) |
Effect of changes in foreign exchange rates, intangible assets | 49 | (25) |
Intangible assets at end of period | 840 | 834 |
Gross carrying amount of finite life intangible assets | 1,617 | 1,511 |
Customer relationships |  |  |
Reconciliation of changes in intangible assets and goodwill [abstract] |  |  |
Intangible assets at beginning of period | 582 | 643 |
Net additions / (disposals), intangible assets | 0 | (4) |
Amortization expense | (52) | (53) |
Effect of changes in foreign exchange rates, intangible assets | 12 | (4) |
Intangible assets at end of period | 542 | 582 |
Gross carrying amount of finite life intangible assets | 1,156 | 1,136 |
Software |  |  |
Reconciliation of changes in intangible assets and goodwill [abstract] |  |  |
Intangible assets at beginning of period | 1,102 | 1,068 |
Net additions / (disposals), intangible assets | 329 | 274 |
Amortization expense | (257) | (217) |
Effect of changes in foreign exchange rates, intangible assets | 38 | (23) |
Intangible assets at end of period | 1,212 | 1,102 |
Gross carrying amount of finite life intangible assets | 3,408 | 2,955 |
Other |  |  |
Reconciliation of changes in intangible assets and goodwill [abstract] |  |  |
Intangible assets at beginning of period | 48 | 52 |
Net additions / (disposals), intangible assets | 7 | 11 |
Amortization expense | (9) | (5) |
Effect of changes in foreign exchange rates, intangible assets | 13 | (10) |
Intangible assets at end of period | 59 | 48 |
Gross carrying amount of finite life intangible assets | 156 | 138 |
Finite life intangible assets |  |  |
Reconciliation of changes in intangible assets and goodwill [abstract] |  |  |
Intangible assets at beginning of period | 2,566 | 2,644 |
Net additions / (disposals), intangible assets | 349 | 312 |
Amortization expense | (374) | (328) |
Effect of changes in foreign exchange rates, intangible assets | 112 | (62) |
Intangible assets at end of period | 2,653 | 2,566 |
Finite life intangible assets | CQS Management Limited |  |  |
Reconciliation of changes in intangible assets and goodwill [abstract] |  |  |
Identifiable intangible assets recognised as of acquisition date |  |  | 7
Brand |  |  |
Reconciliation of changes in intangible assets and goodwill [abstract] |  |  |
Intangible assets at beginning of period | 791 | 813 |
Net additions / (disposals), intangible assets | 3 | 0 |
Effect of changes in foreign exchange rates, intangible assets | 72 | (22) |
Intangible assets at end of period | 866 | 791 |
Brand | CQS Management Limited |  |  |
Reconciliation of changes in intangible assets and goodwill [abstract] |  |  |
Identifiable intangible assets recognised as of acquisition date |  |  | 3
Fund management contracts and other |  |  |
Reconciliation of changes in intangible assets and goodwill [abstract] |  |  |
Intangible assets at beginning of period | 1,034 | 1,048 |
Net additions / (disposals), intangible assets | 156 | 0 |
Effect of changes in foreign exchange rates, intangible assets | 68 | (14) |
Intangible assets at end of period | 1,258 | 1,034 |
Fund management contracts and other | Canada WAM |  |  |
Reconciliation of changes in intangible assets and goodwill [abstract] |  |  |
Intangible assets at beginning of period | 273 |  |
Intangible assets at end of period | 273 | 273 |
Fund management contracts and other | U.S. WAM |  |  |
Reconciliation of changes in intangible assets and goodwill [abstract] |  |  |
Intangible assets at beginning of period | 386 |  |
Intangible assets at end of period | 421 | 386 |
Indefinite life intangible assets |  |  |
Reconciliation of changes in intangible assets and goodwill [abstract] |  |  |
Intangible assets at beginning of period | 1,825 | 1,861 |
Net additions / (disposals), intangible assets | 159 | 0 |
Effect of changes in foreign exchange rates, intangible assets | 140 | (36) |
Intangible assets at end of period | $ 2,124 | $ 1,825 |
Indefinite life intangible assets | CQS Management Limited |  |  |
Reconciliation of changes in intangible assets and goodwill [abstract] |  |  |
Identifiable intangible assets recognised as of acquisition date |  |  | $ 153

X
- Definition The increase in intangible assets and goodwill resulting from acquisitions through business combinations. [Refer: Total for all business combinations [member]; Intangible assets and goodwill] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 38 -IssueDate 2024-01-01 -Paragraph 118 -Subparagraph e -Clause i -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=38&code=ifrs-tx-2024-en-r&anchor=para_118_e_i&doctype=Standard -URIDate 2024-03-27 + Details
Name: | ifrs-full_AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The amount of additional goodwill recognised, except goodwill included in a disposal group that, on acquisition, meets the criteria to be classified as held for sale in accordance with IFRS 5. [Refer: Goodwill; Disposal groups classified as held for sale [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 3 -IssueDate 2024-01-01 -Paragraph B67 -Subparagraph d -Clause ii -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=3&code=ifrs-tx-2024-en-r&anchor=para_B67_d_ii&doctype=Appendix&subtype=B -URIDate 2024-03-27 + Details
Name: | ifrs-full_AdditionalRecognitionGoodwill
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The amount of amortisation expense. Amortisation is the systematic allocation of depreciable amounts of intangible assets over their useful lives. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2024-01-01 -Paragraph 112 -Subparagraph c -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2024-en-r&anchor=para_112_c&doctype=Standard -URIDate 2024-03-27 + Details
Name: | ifrs-full_AmortisationExpense
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The fair value, at acquisition date, of cash transferred as consideration in a business combination. [Refer: Total for all business combinations [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 3 -IssueDate 2024-01-01 -Paragraph B64 -Subparagraph f -Clause i -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=3&code=ifrs-tx-2024-en-r&anchor=para_B64_f_i&doctype=Appendix&subtype=B -URIDate 2024-03-27 + Details
Name: | ifrs-full_CashTransferred
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The amount, at acquisition date, of contingent consideration arrangements recognised as consideration transferred in a business combination. [Refer: Total for all business combinations [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 3 -IssueDate 2024-01-01 -Paragraph B64 -Subparagraph g -Clause i -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=3&code=ifrs-tx-2024-en-r&anchor=para_B64_g_i&doctype=Appendix&subtype=B -URIDate 2024-03-27 + Details
Name: | ifrs-full_ContingentConsiderationRecognisedAsOfAcquisitionDate
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The amount of assets representing the future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognised. [Refer: Total for all business combinations [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 36 -IssueDate 2024-01-01 -Paragraph 134 -Subparagraph a -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=36&code=ifrs-tx-2024-en-r&anchor=para_134_a&doctype=Standard -URIDate 2024-03-27 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 36 -IssueDate 2024-01-01 -Paragraph 135 -Subparagraph a -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=36&code=ifrs-tx-2024-en-r&anchor=para_135_a&doctype=Standard -URIDate 2024-03-27 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 3 -IssueDate 2024-01-01 -Paragraph B67 -Subparagraph d -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=3&code=ifrs-tx-2024-en-r&anchor=para_B67_d&doctype=Appendix&subtype=B -URIDate 2024-03-27 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 1 -IssueDate 2024-01-01 -Paragraph 54 -Subparagraph c -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2024-en-r&anchor=para_54_c&doctype=Standard -URIDate 2024-03-27 + Details
Name: | ifrs-full_Goodwill
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition The amount recognised as of the business combination's acquisition date for goodwill. [Refer: Goodwill; Total for all business combinations [member]] + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Name IFRS -Number 3 -IssueDate 2024-01-01 -Paragraph IE72 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=3&code=ifrs-tx-2024-en-r&anchor=para_IE72&doctype=Illustrative%20Examples -URIDate 2024-03-27 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Name IFRS -Number 3 -IssueDate 2024-01-01 -Paragraph B64 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=3&code=ifrs-tx-2024-en-r&anchor=para_B64&doctype=Appendix&subtype=B -URIDate 2024-03-27 + Details
Name: | ifrs-full_GoodwillRecognisedAsOfAcquisitionDate
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition The amount recognised as of the acquisition date for identifiable intangible assets acquired in a business combination. [Refer: Intangible assets other than goodwill; Total for all business combinations [member]] + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Name IFRS -Number 3 -IssueDate 2024-01-01 -Paragraph B64 -Subparagraph i -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=3&code=ifrs-tx-2024-en-r&anchor=para_B64_i&doctype=Appendix&subtype=B -URIDate 2024-03-27 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Name IFRS -Number 3 -IssueDate 2024-01-01 -Paragraph IE72 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=3&code=ifrs-tx-2024-en-r&anchor=para_IE72&doctype=Illustrative%20Examples -URIDate 2024-03-27 + Details
Name: | ifrs-full_IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition The increase (decrease) in goodwill resulting from net exchange differences arising on the translation of the financial statements from the functional currency into a different presentation currency, including the translation of a foreign operation into the presentation currency of the reporting entity. [Refer: Goodwill] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 3 -IssueDate 2024-01-01 -Paragraph B67 -Subparagraph d -Clause vi -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=3&code=ifrs-tx-2024-en-r&anchor=para_B67_d_vi&doctype=Appendix&subtype=B -URIDate 2024-03-27 + Details
Name: | ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesGoodwill
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The increase (decrease) in intangible assets and goodwill resulting from the net exchange differences arising when the financial statements are translated from the functional currency into a different presentation currency, including the translation of a foreign operation into the presentation currency of the reporting entity. [Refer: Intangible assets and goodwill] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 38 -IssueDate 2024-01-01 -Paragraph 118 -Subparagraph e -Clause vii -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=38&code=ifrs-tx-2024-en-r&anchor=para_118_e_vii&doctype=Standard -URIDate 2024-03-27 + Details
Name: | ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The increase (decrease) in intangible assets other than goodwill resulting from net exchange differences arising on the translation of the financial statements from the functional currency into a different presentation currency, including the translation of a foreign operation into the presentation currency of the reporting entity. [Refer: Intangible assets other than goodwill] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 38 -IssueDate 2024-01-01 -Paragraph 118 -Subparagraph e -Clause vii -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=38&code=ifrs-tx-2024-en-r&anchor=para_118_e_vii&doctype=Standard -URIDate 2024-03-27 + Details
Name: | ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsOtherThanGoodwill
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The amount of intangible assets and goodwill held by the entity. [Refer: Goodwill; Intangible assets other than goodwill] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2024-01-01 -Paragraph 55 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2024-en-r&anchor=para_55&doctype=Standard -URIDate 2024-03-27 + Details
Name: | ifrs-full_IntangibleAssetsAndGoodwill
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition The amount of intangible assets that are material to the entity’s financial statements. [Refer: Intangible assets other than goodwill] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 38 -IssueDate 2024-01-01 -Paragraph 122 -Subparagraph b -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=38&code=ifrs-tx-2024-en-r&anchor=para_122_b&doctype=Standard -URIDate 2024-03-27 + Details
Name: | ifrs-full_IntangibleAssetsMaterialToEntity
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition The amount of identifiable non-monetary assets without physical substance. This amount does not include goodwill. [Refer: Goodwill] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 38 -IssueDate 2024-01-01 -Paragraph 118 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=38&code=ifrs-tx-2024-en-r&anchor=para_118_e&doctype=Standard -URIDate 2024-03-27 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 1 -IssueDate 2024-01-01 -Paragraph 54 -Subparagraph c -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2024-en-r&anchor=para_54_c&doctype=Standard -URIDate 2024-03-27 + Details
Name: | ifrs-full_IntangibleAssetsOtherThanGoodwill
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition The percentage of voting equity interests acquired in a business combination. [Refer: Total for all business combinations [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 3 -IssueDate 2024-01-01 -Paragraph B64 -Subparagraph c -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=3&code=ifrs-tx-2024-en-r&anchor=para_B64_c&doctype=Appendix&subtype=B -URIDate 2024-03-27 + Details
Name: | ifrs-full_PercentageOfVotingEquityInterestsAcquired
Namespace Prefix: | ifrs-full_
Data Type: | dtr-2022:percentItemType
Balance Type: | na
Period Type: | instant

X
- References No definition available. + Details
Name: | ifrs-full_ReconciliationOfChangesInIntangibleAssetsAndGoodwillAbstract
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Additions (Dispositions) Other Than Through Business Combinations Intangible Assets Other Than Goodwill + References No definition available. + Details
Name: | mfc_AdditionsDispositionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill
Namespace Prefix: | mfc_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Details
Name: | ifrs-full_BusinessCombinationsAxis=mfc_CQSManagementLimitedMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_IndividualAssetsOrCashgeneratingUnitsAxis=mfc_CanadaWealthAndAssetManagementCanadaWAMMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_IndividualAssetsOrCashgeneratingUnitsAxis=mfc_UnitedStatesWealthAndAssetManagementUnitedStatesWAMMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_IntangibleAssetsMaterialToEntityAxis=mfc_DistributionNetworksMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_IntangibleAssetsMaterialToEntityAxis=ifrs-full_CustomerrelatedIntangibleAssetsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_IntangibleAssetsMaterialToEntityAxis=ifrs-full_ComputerSoftwareMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_IntangibleAssetsMaterialToEntityAxis=ifrs-full_OtherIntangibleAssetsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_IntangibleAssetsMaterialToEntityAxis=mfc_IntangibleAssetsWithFiniteUsefulLifeMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_IntangibleAssetsWithIndefiniteUsefulLifeAxis=ifrs-full_BrandNamesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_IntangibleAssetsWithIndefiniteUsefulLifeAxis=mfc_FundManagementContractsAndOtherMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_IntangibleAssetsWithIndefiniteUsefulLifeAxis=mfc_IntangibleAssetsWithInfiniteUsefulLifeMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |