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Financial assets and liabilities (Tables)
6 Months Ended
Jun. 30, 2022
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, 2022 DECEMBER 31, 2021
CLASSIFICATION FAIR VALUE METHODOLOGY CARRYING VALUE FAIR VALUE CARRYING VALUE FAIR VALUE
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 56  56  66  67 
Debt securities
and other debt
Debt due within one year and long-term debt Quoted market price of debt 23,734  22,072  23,729  26,354 
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, 2022        
Publicly-traded and privately-held investments (3)
Other non-current assets 175  14    161 
Derivative financial instruments Other current assets, trade payables and other liabilities, other non-current assets and liabilities 365    365   
Maple Leaf Sports & Entertainment Ltd. (MLSE) financial liability(4)
Trade payables and other liabilities (149)     (149)
Other Other non-current assets and liabilities 124    173  (49)
December 31, 2021        
Publicly-traded and privately-held investments (3)
Other non-current assets 183  24  —  159 
Derivative financial instruments Other current assets, trade payables and other liabilities, other non-current assets and liabilities 279  —  279  — 
MLSE financial liability(4)
Trade payables and other liabilities (149) —  —  (149)
Other Other non-current assets and liabilities 122  —  185  (63)
(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)Unrealized gains and losses are recorded in Other comprehensive income in the statements of comprehensive income and are reclassified from Accumulated other comprehensive income to Deficit in the statements of financial position when realized.
(4)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 income statements.
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, 2022        
Publicly-traded and privately-held investments (3)
Other non-current assets 175  14    161 
Derivative financial instruments Other current assets, trade payables and other liabilities, other non-current assets and liabilities 365    365   
Maple Leaf Sports & Entertainment Ltd. (MLSE) financial liability(4)
Trade payables and other liabilities (149)     (149)
Other Other non-current assets and liabilities 124    173  (49)
December 31, 2021        
Publicly-traded and privately-held investments (3)
Other non-current assets 183  24  —  159 
Derivative financial instruments Other current assets, trade payables and other liabilities, other non-current assets and liabilities 279  —  279  — 
MLSE financial liability(4)
Trade payables and other liabilities (149) —  —  (149)
Other Other non-current assets and liabilities 122  —  185  (63)
(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)Unrealized gains and losses are recorded in Other comprehensive income in the statements of comprehensive income and are reclassified from Accumulated other comprehensive income to Deficit in the statements of financial position when realized.
(4)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 income statements.
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, 2022.
TYPE OF HEDGE BUY CURRENCY AMOUNT TO RECEIVE SELL CURRENCY AMOUNT TO PAY MATURITY HEDGED ITEM
Cash flow USD 1,095  CAD 1,390  2022 Commercial paper
Cash flow USD 291  CAD 370  2022 Anticipated purchases
Cash flow PHP 1,174  CAD 28  2022 Anticipated purchases
Cash flow PHP 2,147  CAD 50  2023 Anticipated purchases
Cash flow USD 611  CAD 752  2023 Anticipated purchases
Cash flow USD 254  CAD 317  2024 Anticipated purchases
Cash flow - call options USD 100  CAD 129  2022 Anticipated purchases
Cash flow - put options USD 100  CAD 127  2022 Anticipated purchases
Economic USD 12  CAD 15  2022 Anticipated purchases
Economic - put options USD 120  CAD 147  2022 Anticipated purchases
Economic - call options USD 75  CAD 89  2022 Anticipated purchases
Economic - call options CAD 95  USD 75  2022  Anticipated purchases
Economic - options (1)
USD 90  CAD 109  2022  Anticipated purchases
Economic - options (1)
USD 169  CAD 205  2023  Anticipated purchases
Economic - call options USD 120  CAD 146  2024  Anticipated purchases
(1) Foreign currency options with a leverage provision and a profit cap limitation.