XML 52 R26.htm IDEA: XBRL DOCUMENT
v3.22.4

Goodwill and Other Intangible Assets | 12 Months Ended
--- | ---
Dec. 31, 2022
Goodwill and Other Intangible Assets |
Goodwill and Other Intangible Assets | 20. Goodwill and Other Intangible Assets ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Refining and | ​ | ​ | ​ | ​ | ​
​ |  | Oil Sands |  | Marketing |  | Other |  | ​ |
($ millions) | ​ | Goodwill | ​ | Goodwill | ​ | Intangibles | ​ | Total | ​
At December 31, 2020 |  | 2 752 |  | 140 |  | 436 |  | 3 328 | ​
Additions | ​ | - | ​ | - | ​ | 213 | ​ | 213 | ​
Amortization |  | - | ​ | - | ​ | (18) | ​ | (18) | ​
At December 31, 2021 |  | 2 752 |  | 140 |  | 631 |  | 3 523 | ​
Additions | ​ | - | ​ | - | ​ | 140 | ​ | 140 | ​
Amortization | ​ | - | ​ | - | ​ | (57) | ​ | (57) | ​
Reclassified to assets held for sale (note 33) |  | - | ​ | - | ​ | (20) | ​ | (20) | ​
At December 31, 2022 |  | 2 752 |  | 140 |  | 694 |  | 3 586 | ​
​ The company performed a goodwill impairment test at December 31, 2022 on its Oil Sands segment. Recoverable amounts were based on fair value less costs of disposal calculated using the present value of the segment’s expected future cash flows. Cash flow forecasts are based on past experience, historical trends, third-party evaluations of the company’s reserves and resources to estimate production profiles and volumes, and estimates of operating costs, maintenance and capital expenditures. These estimates are validated against the estimates approved through the company’s annual reserves evaluation process and determine the duration of the underlying cash flows used in the discounted cash flow test. Projected cash flows reflect current market assessments of key assumptions, including climate change, long-term forecasts of commodity prices, inflation rates, foreign exchange rates and discount rates (Level 3 fair value inputs note 27). Future cash flow estimates are discounted using after-tax risk-adjusted discount rates. The after-tax discount rate applied to cash flow projections was an average of 7.8% (2021 – 7.5%). The company based its cash flow projections on a West Texas Intermediate price of US$80.00/bbl in 2023, US$71.40/bbl in 2024, US$62.42/bbl in 2025 and escalating at an average of 2% thereafter, adjusted for applicable quality and location differentials. The forecast cash flow period ranged from 50 years to 55 years. As a result of this analysis, management did not identify any impairment of goodwill within the Oil Sands operating segment. The company also performed a goodwill impairment test of its Refining and Marketing CGUs. The recoverable amounts are based on fair value less costs of disposal calculated using the present value of the CGUs’ expected future cash flows, based primarily on historical results adjusted for current economic conditions. As a result of this analysis, management did not identify any impairment of goodwill within the Refining and Marketing segment.

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

X
- Definition The entire disclosure for intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 38 -IssueDate 2022-03-24 -Section Disclosure -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=38&code=ifrs-tx-2022-en-r&doctype=Standard&dita_xref=IAS38_g118-128__IAS38_g118-128_TI -URIDate 2022-03-24 + Details
Name: | ifrs-full_DisclosureOfIntangibleAssetsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration