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Preference Shares (Tables) | 12 Months Ended
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Dec. 31, 2024
Equity [Abstract] |
Schedule of Preference Shares Issued and Outstanding |
Issued and Outstanding | 2024 | 2023
First Preference Shares | Number |  |  | Number |  |
of Shares |  | Amount | of Shares |  | Amount
(thousands) |  | ($ millions) | (thousands) |  | ($ millions)
Series F | 5,000 |  |  | 122 |  | 5,000 |  |  | 122 |
Series G | 9,200 |  |  | 225 |  | 9,200 |  |  | 225 |
Series H | 7,665 |  |  | 188 |  | 7,665 |  |  | 188 |
Series I | 2,335 |  |  | 57 |  | 2,335 |  |  | 57 |
Series J | 8,000 |  |  | 196 |  | 8,000 |  |  | 196 |
Series K | 10,000 |  |  | 244 |  | 10,000 |  |  | 244 |
Series M | 24,000 |  |  | 591 |  | 24,000 |  |  | 591 |
| 66,200 |  |  | 1,623 |  | 66,200 |  |  | 1,623 |
Characteristics of the first preference shares are as follows:
|  | Reset |  |  | Right to
| Dividend | Annual | Dividend | Redemption | Redemption | Convert on
| Rate | Dividend | Yield | and/or Conversion | Value | a One-For-
First Preference Shares (1) (2) | (%) | ($) | (%) | Option Date | ($) | One Basis
Perpetual fixed rate |  |  |  |  |  |
Series F | 4.90 |  | 1.2250 |  | — |  | Currently Redeemable | 25.00 |  | — |
Series J | 4.75 |  | 1.1875 |  | — |  | Currently Redeemable | 25.00 |  | — |
Fixed rate reset (3) (4) |  |  |  |  |  |
Series G | 6.12 |  | 1.5308 |  | 2.13 |  | September 1, 2028 | 25.00 |  | — |
Series H | 1.84 |  | 0.4588 |  | 1.45 |  | June 1, 2025 | 25.00 |  | Series I
Series K | 5.47 |  | 1.3673 |  | 2.05 |  | March 1, 2029 | 25.00 |  | Series L
Series M | 5.49 |  | 1.3733 |  | 2.48 |  | December 1, 2029 | 25.00 |  | Series N
Floating rate reset (4) (5) |  |  |  |  |  |
Series I | (5) | — |  | 1.45 |  | June 1, 2025 | 25.00 |  | Series H
Series L | — |  | — |  | — |  | — |  | — |  | Series K
Series N | — |  | — |  | — |  | — |  | — |  | Series M
(1) Holders are entitled to receive a fixed or floating cumulative quarterly cash dividend as and when declared by the Board of Directors of the Corporation, payable in equal installments on the first day of each quarter. (2) On or after the specified redemption dates, the Corporation has the option to redeem for cash the outstanding first preference shares, in whole or in part, at the specified per share redemption value plus all accrued and unpaid dividends up to but excluding the dates fixed for redemption, and in the case of the first preference shares that reset, on every fifth anniversary date thereafter. (3) On the redemption and/or conversion option date, and on each five-year anniversary thereafter, the reset annual dividend per share will be determined by multiplying $25.00 per share by the annual fixed dividend rate, which is the sum of the five-year Government of Canada Bond Yield on the applicable reset date, plus the applicable reset dividend yield. (4) On each conversion option date, the holders have the option, subject to certain conditions, to convert any or all of their shares into an equal number of Cumulative Redeemable first preference shares of a specified series. (5) The floating quarterly dividend rate will be reset every quarter based on the then current three‑month Government of Canada Treasury Bill rate plus the applicable reset dividend yield.

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- Definition Tabular disclosure of an entity's stock, including par or stated value per share, number and dollar amount of share subscriptions, shares authorized, shares issued, shares outstanding, number and dollar amount of shares held in an employee trust, dividend per share, total dividends, share conversion features, par value plus additional paid in capital, the value of treasury stock and other information necessary to a fair presentation, and EPS information. Stock by class includes common, convertible, and preferred stocks which are not redeemable or redeemable solely at the option of the issuer. Includes preferred stock with redemption features that are solely within the control of the issuer and mandatorily redeemable stock if redemption is required to occur only upon liquidation or termination of the reporting entity. If more than one issue is outstanding, state the title of each issue and the corresponding dollar amount; dollar amount of any shares subscribed but unissued and the deduction of subscriptions receivable there from; number of shares authorized, issued, and outstanding. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(27)) -SubTopic 10 -Topic 210 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(28)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(29)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-3 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-4 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-5 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481142/505-10-45-2 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-10 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-8 Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 480 -SubTopic 10 -Section S99 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480244/480-10-S99-1 Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-6 Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-7 + Details
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