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Per Share Amounts (Tables) | 9 Months Ended
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Sep. 30, 2021
Earnings per share [abstract] |
Schedule Representing Per Share Amounts |
| Three Months Ended |  |  | Nine Months Ended |
For the periods ended September 30, |  | 2021 |  |  |  | 2020 |  |  |  | 2021 |  |  |  | 2020 |
Net Earnings (Loss) |  | 551 |  |  |  | (194) |  |  |  | 995 |  |  |  | (2,226) |
Effect of Cumulative Dividends on Preferred Shares |  | (9) |  |  |  | — |  |  |  | (26) |  |  |  | — |
Net Earnings (Loss) – Basic and Diluted |  | 542 |  |  |  | (194) |  |  |  | 969 |  |  |  | (2,226) |
Basic – Weighted Average Number of Shares |  | 2,017.6 |  |  |  | 1,228.9 |  |  |  | 2,017.5 |  |  |  | 1,228.9 |
Dilutive Effect of Warrants |  | 25.6 |  |  |  | — |  |  |  | 22.7 |  |  |  | — |
Dilutive Effect of Net Settlement Rights |  | 0.3 |  |  |  | — |  |  |  | 0.2 |  |  |  | — |
Diluted – Weighted Average Number of Shares |  | 2,043.5 |  |  |  | 1,228.9 |  |  |  | 2,040.4 |  |  |  | 1,228.9 |
Net Earnings (Loss) Per Share – Basic ($) |  | 0.27 |  |  |  | (0.16) |  |  |  | 0.48 |  |  |  | (1.81) |
Net Earnings (Loss) Per Share – Diluted (1) ($) |  | 0.27 |  |  |  | (0.16) |  |  |  | 0.47 |  |  |  | (1.81) |
(1)Excluded from the calculation for the three and nine months ended September 30, 2021, diluted net earnings (loss) per share were $3 million and $14 million, respectively, of net earnings and 1.9 million and 1.8 million, respectively, of potential ordinary shares related to the assumed exercise of Cenovus replacement stock options as the impact was anti-dilutive.
Disclosure Of Dividends To Shareholders | C) Preferred Share Dividends
For the periods ended September 30, | Three Months Ended |  |  | Nine Months Ended |
Series 1 First Preferred Shares |  | 2 |  |  |  | 6 |
Series 2 First Preferred Shares |  | — |  |  |  | — |
Series 3 First Preferred Shares |  | 3 |  |  |  | 9 |
Series 5 First Preferred Shares |  | 3 |  |  |  | 7 |
Series 7 First Preferred Shares |  | 1 |  |  |  | 4 |
Total Declared and Paid Preferred Share Dividends |  | 9 |  |  |  | 26 |

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