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intangible assets and goodwill (Tables)

12 Months Ended

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 receivable²			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