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intangible assets and goodwill (Tables) | 12 Months Ended
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Dec. 31, 2024
intangible assets and goodwill |
Schedule of Intangible assets and goodwill, net | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Intangible | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | assets with | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Intangible assets subject to amortization | ​ | indefinite lives | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Customer contracts, | ​ | ​ | ​ | ​ | Access to | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Total
​ | ​ | ​ | ​ | related customer | ​ | ​ | ​ | ​ | rights-of-way, | ​ | Assets | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Total | ​ | ​ | ​ | ​ | intangible
​ | ​ | ​ | ​ | relationships and | ​ | ​ | ​ | ​ | crowdsource assets | ​ | under | ​ | ​ | ​ | ​ | Spectrum | ​ | intangible | ​ | ​ | ​ | ​ | assets and
(millions) | ​ | Note |  | subscriber base |  | Software |  | and other |  | construction |  | Total |  | licences |  | assets |  | Goodwill 1 |  | goodwill
AT COST | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Balance as at January 1, 2023 | ​ | ​ | ​ | $ | 4,489 | ​ | $ | 7,522 | ​ | $ | 498 | ​ | $ | 535 | ​ | $ | 13,044 | ​ | $ | 12,215 | ​ | $ | 25,259 | ​ | $ | 9,495 | ​ | $ | 34,754
Additions | ​ | ​ | ​ | ​ | — | ​ | ​ | 119 | ​ | ​ | 5 | ​ | ​ | 857 | ​ | ​ | 981 | ​ | ​ | 29 | ​ | ​ | 1,010 | ​ | ​ | — | ​ | ​ | 1,010
Additions arising from business acquisitions | ​ | ​ | ​ | ​ | 866 | ​ | ​ | — | ​ | ​ | 131 | ​ | ​ | — | ​ | ​ | 997 | ​ | ​ | — | ​ | ​ | 997 | ​ | ​ | 975 | ​ | ​ | 1,972
Assets under construction put into service | ​ | ​ | ​ | ​ | — | ​ | ​ | 845 | ​ | ​ | 17 | ​ | ​ | (862) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Dispositions, retirements and other (including capitalized interest) | ​ | 9 | ​ | ​ | 47 | ​ | ​ | (570) | ​ | ​ | (63) | ​ | ​ | — | ​ | ​ | (586) | ​ | ​ | 6 | ​ | ​ | (580) | ​ | ​ | — | ​ | ​ | (580)
Net foreign exchange differences | ​ | ​ | ​ | ​ | (42) | ​ | ​ | (1) | ​ | ​ | (6) | ​ | ​ | — | ​ | ​ | (49) | ​ | ​ | — | ​ | ​ | (49) | ​ | ​ | (48) | ​ | ​ | (97)
Balance as at December 31, 2023 | ​ | ​ | ​ | ​ | 5,360 | ​ | ​ | 7,915 | ​ | ​ | 582 | ​ | ​ | 530 | ​ | ​ | 14,387 | ​ | ​ | 12,250 | ​ | ​ | 26,637 | ​ | ​ | 10,422 | ​ | ​ | 37,059
Additions | ​ | ​ | ​ | ​ | 35 | ​ | ​ | 107 | ​ | ​ | 41 | ​ | ​ | 865 | ​ | ​ | 1,048 | ​ | ​ | 936 | ​ | ​ | 1,984 | ​ | ​ | — | ​ | ​ | 1,984
Additions arising from business acquisitions | ​ | (b) | ​ | ​ | 191 | ​ | ​ | 31 | ​ | ​ | 5 | ​ | ​ | — | ​ | ​ | 227 | ​ | ​ | — | ​ | ​ | 227 | ​ | ​ | 319 | ​ | ​ | 546
Assets under construction put into service | ​ | ​ | ​ | ​ | — | ​ | ​ | 921 | ​ | ​ | — | ​ | ​ | (921) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Dispositions, retirements and other (including capitalized interest) | ​ | 9 | ​ | ​ | (3) | ​ | ​ | (331) | ​ | ​ | (32) | ​ | ​ | — | ​ | ​ | (366) | ​ | ​ | 20 | ​ | ​ | (346) | ​ | ​ | — | ​ | ​ | (346)
Net foreign exchange differences | ​ | ​ | ​ | ​ | 159 | ​ | ​ | 6 | ​ | ​ | 26 | ​ | ​ | — | ​ | ​ | 191 | ​ | ​ | — | ​ | ​ | 191 | ​ | ​ | 167 | ​ | ​ | 358
Balance as at December 31, 2024 | ​ | ​ | ​ | $ | 5,742 | ​ | $ | 8,649 | ​ | $ | 622 | ​ | $ | 474 | ​ | $ | 15,487 | ​ | $ | 13,206 | ​ | $ | 28,693 | ​ | $ | 10,908 | ​ | $ | 39,601
ACCUMULATED AMORTIZATION | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Balance as at January 1, 2023 | ​ | ​ | ​ | $ | 1,082 | ​ | $ | 4,713 | ​ | $ | 225 | ​ | $ | — | ​ | $ | 6,020 | ​ | $ | — | ​ | $ | 6,020 | ​ | $ | 364 | ​ | $ | 6,384
Amortization | ​ | ​ | ​ | ​ | 473 | ​ | ​ | 995 | ​ | ​ | 87 | ​ | ​ | — | ​ | ​ | 1,555 | ​ | ​ | — | ​ | ​ | 1,555 | ​ | ​ | — | ​ | ​ | 1,555
Dispositions, retirements and other | ​ | ​ | ​ | ​ | (18) | ​ | ​ | (571) | ​ | ​ | (64) | ​ | ​ | — | ​ | ​ | (653) | ​ | ​ | — | ​ | ​ | (653) | ​ | ​ | — | ​ | ​ | (653)
Net foreign exchange differences | ​ | ​ | ​ | ​ | (4) | ​ | ​ | (1) | ​ | ​ | (1) | ​ | ​ | — | ​ | ​ | (6) | ​ | ​ | — | ​ | ​ | (6) | ​ | ​ | — | ​ | ​ | (6)
Balance as at December 31, 2023 | ​ | ​ | ​ | ​ | 1,533 | ​ | ​ | 5,136 | ​ | ​ | 247 | ​ | ​ | — | ​ | ​ | 6,916 | ​ | ​ | — | ​ | ​ | 6,916 | ​ | ​ | 364 | ​ | ​ | 7,280
Amortization | ​ | ​ | ​ | ​ | 473 | ​ | ​ | 959 | ​ | ​ | 91 | ​ | ​ | — | ​ | ​ | 1,523 | ​ | ​ | — | ​ | ​ | 1,523 | ​ | ​ | — | ​ | ​ | 1,523
Dispositions, retirements and other | ​ | ​ | ​ | ​ | 1 | ​ | ​ | (330) | ​ | ​ | (61) | ​ | ​ | — | ​ | ​ | (390) | ​ | ​ | — | ​ | ​ | (390) | ​ | ​ | — | ​ | ​ | (390)
Net foreign exchange differences | ​ | ​ | ​ | ​ | 36 | ​ | ​ | 5 | ​ | ​ | 10 | ​ | ​ | — | ​ | ​ | 51 | ​ | ​ | — | ​ | ​ | 51 | ​ | ​ | — | ​ | ​ | 51
Balance as at December 31, 2024 | ​ | ​ | ​ | $ | 2,043 | ​ | $ | 5,770 | ​ | $ | 287 | ​ | $ | — | ​ | $ | 8,100 | ​ | $ | — | ​ | $ | 8,100 | ​ | $ | 364 | ​ | $ | 8,464
NET BOOK VALUE | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Balance as at December 31, 2023 | ​ | ​ | ​ | $ | 3,827 | ​ | $ | 2,779 | ​ | $ | 335 | ​ | $ | 530 | ​ | $ | 7,471 | ​ | $ | 12,250 | ​ | $ | 19,721 | ​ | $ | 10,058 | ​ | $ | 29,779
Balance as at December 31, 2024 | ​ | ​ | ​ | $ | 3,699 | ​ | $ | 2,879 | ​ | $ | 335 | ​ | $ | 474 | ​ | $ | 7,387 | ​ | $ | 13,206 | ​ | $ | 20,593 | ​ | $ | 10,544 | ​ | $ | 31,137
​
1 | Accumulated amortization of goodwill of $364 is amortization recorded before 2002; there are no accumulated impairment losses in the accumulated amortization of goodwill.
Schedule of acquisition-date fair values assigned to the assets acquired and liabilities assumed | ​
​ | ​ | ​ | ​
​ | ​ | Total of individually
​ | ​ | immaterial
(millions) |  | transactions 1
Assets | ​ | ​ | ​
Current assets | ​ | ​ | ​
Cash | ​ | $ | 21
Accounts receivable 2 | ​ | ​ | 39
Income and other taxes receivable | ​ | ​ | 15
Other | ​ | ​ | 6
​ | ​ | ​ | 81
Non-current assets | ​ | ​ | ​
Property plant and equipment | ​ | ​ | ​
Owned assets | ​ | ​ | 15
Right-of-use lease assets | ​ | ​ | 9
Intangible assets subject to amortization 3 | ​ | ​ | 227
​ | ​ | ​ | 251
Total identifiable assets acquired | ​ | ​ | 332
Liabilities | ​ | ​ | ​
Current liabilities | ​ | ​ | ​
Accounts payable and accrued liabilities | ​ | ​ | 38
Income and other taxes payable | ​ | ​ | 34
Advance billings and customer deposits | ​ | ​ | 22
Provisions | ​ | ​ | 7
Current maturities of long-term debt | ​ | ​ | 44
​ | ​ | ​ | 145
Non-current liabilities | ​ | ​ | ​
Provisions | ​ | ​ | 1
Long-term debt | ​ | ​ | 6
Deferred income taxes | ​ | ​ | 49
​ | ​ | ​ | 56
Total liabilities assumed | ​ | ​ | 201
Net identifiable assets acquired | ​ | ​ | 131
Goodwill | ​ | ​ | 319
Net assets acquired | ​ | $ | 450
Acquisition effected by way of: | ​ | ​ | ​
Cash consideration | ​ | $ | 380
Accounts payable and accrued liabilities | ​ | ​ | 5
Provisions | ​ | ​ | 51
Issue of TELUS Corporation Common Shares 4 | ​ | ​ | 14
​ | ​ | $ | 450
​
1 | The purchase price allocation, primarily in respect of customer contracts, related customer relationships and deferred income taxes, had not been finalized as of the date of issuance of these consolidated financial statements. As is customary in a business acquisition transaction, until the time of acquisition of control, we did not have full access to the books and records of the acquired businesses. Upon having sufficient time to review the books and records of the acquired businesses, we expect to finalize our purchase price allocations.
2 | The fair value of accounts receivable is equal to the gross contractual amounts receivable and reflects the best estimate at the acquisition date of the contractual cash flows expected to be collected.
3 | Customer contracts and customer relationships (including those related to customer contracts) are generally expected to be amortized over a period of 10-15 years, and other intangible assets are expected to be amortized over a period of 5-15 years.
4 | The fair value of TELUS Corporation Common Shares was measured based upon market prices observed at the date of acquisition of control.
Schedule of carrying values of intangible assets with indefinite lives and goodwill | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
As at December 31 (millions) |  | 2024 |  | 2023
Intangible assets with indefinite lives | ​ | ​ | ​ | ​ | ​ | ​
TELUS technology solutions | ​ | $ | 13,206 | ​ | $ | 12,250
Goodwill | ​ | ​ | ​ | ​ | ​ | ​
TELUS technology solutions | ​ | ​ | 7,608 | ​ | ​ | 7,296
TELUS digital experience | ​ |  | 2,936 | ​ |  | 2,762
​ | ​ | ​ | 10,544 | ​ | ​ | 10,058
​ | ​ | $ | 23,750 | ​ | $ | 22,308
​

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