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Financial assets and liabilities (Tables) | 6 Months Ended
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Jun. 30, 2020
Financial Instruments [Abstract] |
Disclosure of financial liabilities | The following table provides the fair value details of financial instruments measured at amortized cost in the consolidated statements of financial position.
|  |  | JUNE 30, 2020 |  | DECEMBER 31, 2019 |
| CLASSIFICATION | FAIR VALUE METHODOLOGY | CARRYING VALUE | FAIR VALUE | CARRYING VALUE | FAIR VALUE
CRTC tangible benefits obligation | Trade payables and other liabilities and other non-current liabilities | Present value of estimated future cash flows discounted using observable market interest rates | 12 |  | 12 |  | 29 |  | 29 |
CRTC deferral account obligation | Trade payables and other liabilities and other non-current liabilities | Present value of estimated future cash flows discounted using observable market interest rates | 82 |  | 86 |  | 82 |  | 85 |
Debt securities and other debt | Debt due within one year and long-term debt | Quoted market price of debt | 21,517 |  | 25,068 |  | 18,653 |  | 20,905 |
Disclosure of fair value measurement of assets | The following table provides the fair value details of financial instruments measured at fair value in the consolidated statements of financial position.
|  |  | FAIR VALUE |  |
| CLASSIFICATION | CARRYING VALUE OF ASSET (LIABILITY) | QUOTED PRICES IN ACTIVE MARKETS FOR IDENTICAL ASSETS (LEVEL 1) | OBSERVABLE MARKET DATA (LEVEL 2)(1) | NON-OBSERVABLE MARKET INPUTS (LEVEL 3)(2)
June 30, 2020 |  |  |  |  |
Publicly-traded and privately-held investments | Other non-current assets | 122 |  | 2 |  | — |  | 120 |
Derivative financial instruments | Other current assets, trade payables and other liabilities, other non-current assets and liabilities | 522 |  | — |  | 522 |  | — |
Maple Leaf Sports & Entertainment Ltd. (MLSE) financial liability(3) | Trade payables and other liabilities | (138) |  | — |  | — |  | (138) |
Other | Other non-current assets and liabilities | 91 |  | 2 |  | 147 |  | (58) |
December 31, 2019 |  |  |  |  |
Publicly-traded and privately-held investments | Other non-current assets | 129 |  | 2 |  | — |  | 127 |
Derivative financial instruments | Other current assets, trade payables and other liabilities, other non-current assets and liabilities | 165 |  | — |  | 165 |  | — |
MLSE financial liability(3) | Trade payables and other liabilities | (135) |  | — |  | — |  | (135) |
Other | Other non-current assets and liabilities | 71 |  | 1 |  | 128 |  | (58) |
(1)Observable market data such as equity prices, interest rates, swap rate curves and foreign currency exchange rates. (2)Non-observable market inputs such as discounted cash flows and earnings multiples. A reasonable change in our assumptions would not result in a significant increase (decrease) to our level 3 financial instruments. (3)Represents BCE’s obligation to repurchase the BCE Master Trust Fund's (Master Trust Fund) 9% interest in MLSE at a price not less than an agreed minimum price should the Master Trust Fund exercise its put option. The obligation to repurchase is marked to market each reporting period and the gain or loss is recognized in Other (expense) income in the consolidated income statements. The option has been exercisable since 2017.
Disclosure of fair value measurement of liabilities | The following table provides the fair value details of financial instruments measured at fair value in the consolidated statements of financial position.
|  |  | FAIR VALUE |  |
| CLASSIFICATION | CARRYING VALUE OF ASSET (LIABILITY) | QUOTED PRICES IN ACTIVE MARKETS FOR IDENTICAL ASSETS (LEVEL 1) | OBSERVABLE MARKET DATA (LEVEL 2)(1) | NON-OBSERVABLE MARKET INPUTS (LEVEL 3)(2)
June 30, 2020 |  |  |  |  |
Publicly-traded and privately-held investments | Other non-current assets | 122 |  | 2 |  | — |  | 120 |
Derivative financial instruments | Other current assets, trade payables and other liabilities, other non-current assets and liabilities | 522 |  | — |  | 522 |  | — |
Maple Leaf Sports & Entertainment Ltd. (MLSE) financial liability(3) | Trade payables and other liabilities | (138) |  | — |  | — |  | (138) |
Other | Other non-current assets and liabilities | 91 |  | 2 |  | 147 |  | (58) |
December 31, 2019 |  |  |  |  |
Publicly-traded and privately-held investments | Other non-current assets | 129 |  | 2 |  | — |  | 127 |
Derivative financial instruments | Other current assets, trade payables and other liabilities, other non-current assets and liabilities | 165 |  | — |  | 165 |  | — |
MLSE financial liability(3) | Trade payables and other liabilities | (135) |  | — |  | — |  | (135) |
Other | Other non-current assets and liabilities | 71 |  | 1 |  | 128 |  | (58) |
(1)Observable market data such as equity prices, interest rates, swap rate curves and foreign currency exchange rates. (2)Non-observable market inputs such as discounted cash flows and earnings multiples. A reasonable change in our assumptions would not result in a significant increase (decrease) to our level 3 financial instruments. (3)Represents BCE’s obligation to repurchase the BCE Master Trust Fund's (Master Trust Fund) 9% interest in MLSE at a price not less than an agreed minimum price should the Master Trust Fund exercise its put option. The obligation to repurchase is marked to market each reporting period and the gain or loss is recognized in Other (expense) income in the consolidated income statements. The option has been exercisable since 2017.
Disclosure of change in allowance for doubtful accounts | The following table provides the change in allowance for doubtful accounts for trade receivables, which reflects an increase for the period ended June 30, 2020, mainly as a result of the impact of the COVID-19 pandemic.
| NOTE |
Balance, January 1, 2020 |  | (62) |
Additions |  | (90) |
Usage |  | 48 |
Balance, June 30, 2020 | 10 | (104) |
Disclosure of details on trade receivables not impaired | The following table provides further details on trade receivables, net of allowance for doubtful accounts.
| June 30, 2020 | December 31, 2019
Trade receivables not past due | 1,926 |  | 2,082 |
Trade receivables past due |  |
Under 60 days | 395 |  | 541 |
60 to 120 days | 252 |  | 232 |
Over 120 days | 112 |  | 64 |
Trade receivables, net of allowance for doubtful accounts | 2,685 |  | 2,919 |
Disclosure of detailed information of foreign currency forward contracts and options | The following table provides further details on our outstanding foreign currency forward contracts and options as at June 30, 2020.
TYPE OF HEDGE | BUY CURRENCY | AMOUNT TO RECEIVE | SELL CURRENCY | AMOUNT TO PAY | MATURITY | HEDGED ITEM
Cash flow | USD | 200 |  | CAD | 279 |  | 2020 | Commercial paper
Cash flow | USD | 370 |  | CAD | 480 |  | 2020 |  | Anticipated transactions
Cash flow | PHP | 1,012 |  | CAD | 26 |  | 2020 |  | Anticipated transactions
Cash flow | USD | 588 |  | CAD | 768 |  | 2021 | Anticipated transactions
Economic | USD | 26 |  | CAD | 36 |  | 2021 | Anticipated transactions
Economic - put options | USD | 209 |  | CAD | 284 |  | 2020 | Anticipated transactions
Economic - put options | USD | 214 |  | CAD | 284 |  | 2021 |  | Anticipated transactions
Economic - call options | USD | 149 |  | CAD | 201 |  | 2020 |  | Anticipated transactions
Economic - call options | CAD | 87 |  | USD | 60 |  | 2020 |  | Anticipated transactions
Economic - call options | USD | 47 |  | CAD | 65 |  | 2021 |  | Anticipated transactions
Economic - call options | CAD | 68 |  | USD | 47 |  | 2021 |  | Anticipated transactions
Economic - options (1) | USD | 60 |  | CAD | 81 |  | 2020 |  | Anticipated transactions
Economic - options (1) | USD | 120 |  | CAD | 161 |  | 2021 |  | Anticipated transactions
(1) Foreign currency options with a leverage provision and a profit cap limitation.

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