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v3.8.0.1

Consolidated statements of cash flows - CAD ($) $ in Millions | 12 Months Ended
--- | ---
Dec. 31, 2017 | Dec. 31, 2016
Cash flows from operating activities |  |
Net earnings | $ 2,970 | $ 3,087
Adjustments to reconcile net earnings to cash flows from operating activities |  |
Severance, acquisition and other costs | 190 | 135
Depreciation and amortization | 3,850 | 3,508
Post-employment benefit plans cost | 314 | 305
Net interest expense | 942 | 875
Losses (gains) on investments | 5 | (58)
Income taxes | 1,039 | 1,110
Contributions to post-employment benefit plans | (413) | (725)
Payments under other post-employment benefit plans | (77) | (76)
Severance and other costs paid | (147) | (231)
Interest paid | (965) | (882)
Income taxes paid (net of refunds) | (675) | (565)
Acquisition and other costs paid | (155) | (126)
Net change in operating assets and liabilities | 480 | 286
Cash flows from operating activities | 7,358 | 6,643
Cash flows used in investing activities |  |
Capital expenditures | (4,034) | (3,771)
Business acquisitions | (1,649) | (404)
Disposition of intangibles and other assets | 323 | 0
Decrease in investments | 6 | 107
Loan to related party | 0 | (517)
Other investing activities | (83) | 1
Cash flows used in investing activities | (5,437) | (4,584)
Cash flows used in financing activities |  |
Increase in notes payable | 333 | 991
Issue of long-term debt | 3,011 | 2,244
Repayment of long-term debt | (2,653) | (2,516)
Issue of common shares | 117 | 99
Repurchase of shares for settlement of share-based payments | (224) | (106)
Cash dividends paid on common shares | (2,512) | (2,305)
Cash dividends paid on preferred shares | (127) | (126)
Cash dividends paid by subsidiaries to non-controlling interest | (34) | (46)
Other financing activities | (60) | (54)
Cash flows used in financing activities | (2,149) | (1,819)
Net (decrease) increase in cash | (161) | 503
Cash at beginning of year | 603 | 100
Cash at end of year | 442 | 603
Net decrease in cash equivalents | (67) | (263)
Cash equivalents at beginning of year | 250 | 513
Cash equivalents at end of year | $ 183 | $ 250

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X
- Definition The cash outflow for repayments of non-current borrowings. [Refer: Borrowings] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 7 -IssueDate 2017-01-01 -Paragraph 17 -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&num=7&date=2017-03-01&anchor=para_17&doctype=Standard -URIDate 2017-03-09 + Details
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