| property, plant and equipment |
17 | property, plant and equipment |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Owned assets | | Right-of-use lease assets (Note 19) | | | | | | | | | Buildings and | | Computer | | | | | | | | | | | | | | | | | | | | | | | | | | | Network | | leasehold | | hardware | | | | | Assets under | | | | | Network | | Real | | | | | | | | | (millions) | | assets | | improvements | | and other | | Land | | construction | | Total | | assets | | estate | | Other | | Total | | Total | AT COST | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Balance as at January 1, 2024 | | $ | 37,154 | | $ | 3,830 | | $ | 1,842 | | $ | 83 | | $ | 689 | | $ | 43,598 | | $ | 1,308 | | $ | 2,386 | | $ | 116 | | $ | 3,810 | | $ | 47,408 | Additions | | | 461 | | | 14 | | | 20 | | | — | | | 424 | | | 919 | | | 211 | | | 175 | | | 21 | | | 407 | | | 1,326 | Additions arising from business acquisitions | | | — | | | — | | | 1 | | | — | | | — | | | 1 | | | — | | | 1 | | | — | | | 1 | | | 2 | Assets under construction put into service | | | 227 | | | 21 | | | 31 | | | — | | | (279) | | | — | | | — | | | — | | | — | | | — | | | — | Dispositions, retirements and other | | | (971) | | | (96) | | | (94) | | | — | | | — | | | (1,161) | | | — | | | (21) | | | (19) | | | (40) | | | (1,201) | Net foreign exchange differences | | | 2 | | | 6 | | | 13 | | | — | | | — | | | 21 | | | — | | | 15 | | | — | | | 15 | | | 36 | Balance as at June 30, 2024 | | $ | 36,873 | | $ | 3,775 | | $ | 1,813 | | $ | 83 | | $ | 834 | | $ | 43,378 | | $ | 1,519 | | $ | 2,556 | | $ | 118 | | $ | 4,193 | | $ | 47,571 | ACCUMULATED DEPRECIATION | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Balance as at January 1, 2024 | | $ | 25,254 | | $ | 2,404 | | $ | 1,226 | | $ | — | | $ | — | | $ | 28,884 | | $ | 172 | | $ | 1,056 | | $ | 48 | | $ | 1,276 | | $ | 30,160 | Depreciation 1 | | | 784 | | | 95 | | | 98 | | | — | | | — | | | 977 | | | 92 | | | 219 | | | 10 | | | 321 | | | 1,298 | Dispositions, retirements and other | | | (986) | | | (67) | | | (48) | | | — | | | — | | | (1,101) | | | (1) | | | (19) | | | (11) | | | (31) | | | (1,132) | Net foreign exchange differences | | | 2 | | | 3 | | | 8 | | | — | | | — | | | 13 | | | — | | | 6 | | | — | | | 6 | | | 19 | Balance as at June 30, 2024 | | $ | 25,054 | | $ | 2,435 | | $ | 1,284 | | $ | — | | $ | — | | $ | 28,773 | | $ | 263 | | $ | 1,262 | | $ | 47 | | $ | 1,572 | | $ | 30,345 | NET BOOK VALUE | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Balance as at December 31, 2023 | | $ | 11,900 | | $ | 1,426 | | $ | 616 | | $ | 83 | | $ | 689 | | $ | 14,714 | | $ | 1,136 | | $ | 1,330 | | $ | 68 | | $ | 2,534 | | $ | 17,248 | Balance as at June 30, 2024 | | $ | 11,819 | | $ | 1,340 | | $ | 529 | | $ | 83 | | $ | 834 | | $ | 14,605 | | $ | 1,256 | | $ | 1,294 | | $ | 71 | | $ | 2,621 | | $ | 17,226 |
| 1 | For six-month periods ended June 30, 2024, depreciation includes $97 in respect of impairment of real estate right-of-use lease assets. |
As at June 30, 2024, our contractual commitments for the acquisition of property, plant and equipment totalled $271 million over a period ending December 31, 2027 (December 31, 2023 – $297 million over a period ending December 31, 2027).
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