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Lease Liabilities (Tables) | 12 Months Ended
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Dec. 31, 2023
Lease liabilities [abstract] |
Summary of Lease Liabilities |
| 2023 |  | 2022
Lease Liabilities, Beginning of Year | 2,836 |  | 2,957
Acquisitions (Note 5) (1) | 33 |  | —
Additions | 57 |  | 25
Interest Expense (Note 7) | 161 |  | 163
Lease Payments | (449) |  | (465)
Divestitures (Note 5) (1) | (11) |  | —
Exchange Rate Movements and Other | 31 |  | 156
Lease Liabilities, End of Year | 2,658 |  | 2,836
Less: Current Portion | 299 |  | 308
Long-Term Portion | 2,359 |  | 2,528
(1)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 lease liabilities was $11 million.

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