XML 102 R65.htm IDEA: XBRL DOCUMENT v3.25.0.1

Other Liabilities (Tables)

12 Months Ended

Dec. 31, 2024

Miscellaneous non-current liabilities [abstract]

Summary of Other Liabilities

As at December 31,			2024						2023
Renewable Volume Obligation, Net (1)			284						397
Pension and Other Post-Employment Benefit Plan			269						276
Employee Long-Term Incentives			96						100
Provisions for Onerous and Unfavourable Contracts			66						72
Provision for West White Rose Expansion Project (2)			54						156
Drilling Provisions			3						25
Other			147						157
			919						1,183

(1)The gross amounts of the renewable volume obligation (“RVO”) and RINs asset were $652 million and $368 million, respectively (December 31, 2023 – $785 million and $388 million, respectively).

(2)Cenovus expects to draw down the provision by $54 million in the next 12 months.

X

- Definition

The disclosure of other liabilities. [Refer: Other liabilities]

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Name IAS
-Number 1
-IssueDate 2024-01-01
-Paragraph 10
-Subparagraph e
-URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2024-en-r&anchor=para_10_e&doctype=Standard
-URIDate 2024-03-27

+ Details

Name:	ifrs-full_DisclosureOfOtherLiabilitiesExplanatory
Namespace Prefix:	ifrs-full_
Data Type:	dtr-2022:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	ifrs-full_MiscellaneousNoncurrentLiabilitiesAbstract
Namespace Prefix:	ifrs-full_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration