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accounts payable and accrued liabilities

12 Months Ended

Dec. 31, 2024

accounts payable and accrued liabilities

accounts payable and accrued liabilities

23accounts payable and accrued liabilities


As at December 31 (millions)	2024		2023
Trade accounts payable ¹
Supply chain financing – arm’s-length third-party has paid supplier	$	84	$	30
Supply chain financing – eligible payable ²		2		9
Amounts that are a part of supply chain financing		86		39
Amounts that are not a part of supply chain financing		1,040		957
		1,126		996
Accrued liabilities		1,385		1,342
Payroll and other employee-related liabilities		710		674
Interest payable		262		235
Indirect taxes payable and other		147		144
	$	3,630	$	3,391

The composition of trade accounts payable fluctuates due to various factors, including suppliers’ invoice timing, our data processing cycle timing and the seasonal nature of certain business activities, as well as whether the statement of financial position date falls on a business day. Trade accounts payable represent future payments for invoices received in respect of both operating and capital activities, and may include amounts for assessed and self-assessed government remittances.

2	Amounts eligible for suppliers to choose to be paid in advance of industry-standard payment terms.

In 2023, we introduced a supply chain financing program that allows suppliers with qualifying trade accounts payable to opt for early payment from an arm’s-length third party, in advance of industry-standard payment terms; in turn, we reimburse the arm’s-length third party for those payments when the trade accounts payable would originally have been due.

The weighted average due dates for trade accounts payable are largely similar, both within and outside the supply chain financing program, and generally payment is due within one quarter.