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v3.23.3

Property, Plant and Equipment, Net | 9 Months Ended
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Sep. 30, 2023
Disclosure of detailed information about property, plant and equipment [abstract] |
Property, Plant and Equipment, Net |
9. PROPERTY, PLANT AND EQUIPMENT, NET
| Crude Oil and Natural Gas Properties |  | Processing, Transportation and Storage Assets |  | Manufacturing Assets |  | Other Assets (1) |  | Total
COST |  |  |  |  |  |  |  |  |
As at December 31, 2022 | 43,528 |  | 254 |  | 12,132 |  | 1,825 |  | 57,739
Acquisitions (Note 3) (2) | 9 |  | — |  | 674 |  | — |  | 683
Additions | 2,485 |  | 19 |  | 508 |  | 36 |  | 3,048
Change in Decommissioning Liabilities | 42 |  | — |  | 2 |  | — |  | 44
Divestitures (Note 3) (2) | (17) |  | — |  | (633) |  | (17) |  | (667)
Exchange Rate Movements and Other | (19) |  | 5 |  | (39) |  | (8) |  | (61)
As at September 30, 2023 | 46,028 |  | 278 |  | 12,644 |  | 1,836 |  | 60,786
ACCUMULATED DEPRECIATION, DEPLETION AND AMORTIZATION |  |  |  |  |  |  |  |  |
As at December 31, 2022 | 14,302 |  | 106 |  | 5,547 |  | 1,285 |  | 21,240
Depreciation, Depletion and Amortization (3) | 2,726 |  | 16 |  | 366 |  | 42 |  | 3,150
Divestitures (Note 3) (2) | (8) |  | — |  | (299) |  | (12) |  | (319)
Exchange Rate Movements and Other | 13 |  | 4 |  | (23) |  | (6) |  | (12)
As at September 30, 2023 | 17,033 |  | 126 |  | 5,591 |  | 1,309 |  | 24,059
CARRYING VALUE |  |  |  |  |  |  |  |  |
As at December 31, 2022 | 29,226 |  | 148 |  | 6,585 |  | 540 |  | 36,499
As at September 30, 2023 | 28,995 |  | 152 |  | 7,053 |  | 527 |  | 36,727
(1)Includes assets within the commercial fuels business, office furniture, fixtures, leasehold improvements, information technology and aircraft. (2)In connection with the Toledo Acquisition, Cenovus was deemed to have disposed of its pre-existing interest and reacquired it at fair value as required by IFRS 3. As at February 28, 2023, the carrying value of the pre-existing interest in Toledo’s PP&E was $334 million. (3)DD&A includes asset write-downs of $20 million in the Oil Sands segment and $8 million in the Canadian Manufacturing segment.

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- Definition The entire disclosure for property, plant and equipment. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 16 -IssueDate 2023-01-01 -Section Disclosure -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=16&code=ifrs-tx-2023-en-r&doctype=Standard&dita_xref=IAS16_g73-79_TI -URIDate 2023-03-23 + Details
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