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Financial and capital management (Tables)
 12 Months Ended
Dec. 31, 2021
Financial Instruments [Abstract]  
Fair value details of financial instruments measured at amortized cost
The following table provides the fair value details of other financial instruments measured at amortized cost in the statements of financial position.
  December 31, 2021 December 31, 2020
CLASSIFICATION FAIR VALUE METHODOLOGY NOTE 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 23, 28 66  67  82  86 
Debt securities and other debt Debt due within one year and long-term debt Quoted market price of debt 24, 25 23,729  26,354  20,525  24,366 
Disclosure of fair value measurement of assets
The following table provides the fair value details of financial instruments measured at fair value in the statements of financial position.
    FAIR VALUE
  CLASSIFICATION NOTE CARRYING VALUE QUOTED PRICES IN ACTIVE MARKETS FOR IDENTICAL ASSETS (LEVEL 1)
OBSERVABLE MARKET DATA (LEVEL 2)(1)
NON-OBSERVABLE MARKET INPUTS (LEVEL 3)(2)
December 31, 2021        
Publicly-traded and privately-held investments(3)
Other non-current assets 21 183  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 23 (149) —  —  (149)
Other Other non-current assets and liabilities 122  —  185  (63)
December 31, 2020        
Publicly-traded and privately-held investments(3)
 Other non-current assets 21 126  3  —  123 
Derivative financial instruments Other current assets, trade payables and other liabilities, other non-current assets and liabilities (51) —  (51) — 
MLSE financial liability(4)
Trade payables and other liabilities 23 (149) —  —  (149)
Other Other non-current assets and liabilities 109  —  167  (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)Unrealized gains and losses are recorded in Other comprehensive income from continuing operations in the statements of comprehensive income and are reclassified from Accumulated other comprehensive income to the deficit in the statements of financial position when realized.
(4)Represents BCE’s obligation to repurchase the Master Trust Fund’s 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 income (expense) 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 statements of financial position.
    FAIR VALUE
  CLASSIFICATION NOTE CARRYING VALUE QUOTED PRICES IN ACTIVE MARKETS FOR IDENTICAL ASSETS (LEVEL 1)
OBSERVABLE MARKET DATA (LEVEL 2)(1)
NON-OBSERVABLE MARKET INPUTS (LEVEL 3)(2)
December 31, 2021        
Publicly-traded and privately-held investments(3)
Other non-current assets 21 183  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 23 (149) —  —  (149)
Other Other non-current assets and liabilities 122  —  185  (63)
December 31, 2020        
Publicly-traded and privately-held investments(3)
 Other non-current assets 21 126  3  —  123 
Derivative financial instruments Other current assets, trade payables and other liabilities, other non-current assets and liabilities (51) —  (51) — 
MLSE financial liability(4)
Trade payables and other liabilities 23 (149) —  —  (149)
Other Other non-current assets and liabilities 109  —  167  (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)Unrealized gains and losses are recorded in Other comprehensive income from continuing operations in the statements of comprehensive income and are reclassified from Accumulated other comprehensive income to the deficit in the statements of financial position when realized.
(4)Represents BCE’s obligation to repurchase the Master Trust Fund’s 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 income (expense) in the income statements.
Change in allowance for doubtful accounts
The following table provides the change in allowance for doubtful accounts for trade receivables, including the current portion of wireless device financing plan receivables.
  NOTE 2021 2020
Balance, January 1 (149) (62)
Additions (83) (134)
Usage and reversals 96  47 
Balance, December 31 11  (136) (149)
The following table provides the change in allowance for doubtful accounts for contract assets.
  NOTE 2021 2020
Balance, January 1 (59) (68)
Additions (9) (31)
Usage and reversals 48  40 
Balance, December 31 (20) (59)
Current (6) (29)
Non-current (14) (30)
Balance, December 31 13 (20) (59)
Details on trade receivables not impaired
The following table provides further details on trade receivables, net of allowance for doubtful accounts.
AT DECEMBER 31 2021 2020
Trade receivables not past due 2,958  2,574 
Trade receivables past due
Under 60 days 420  432 
60 to 120 days 284  214 
Over 120 days 45  45 
Trade receivables, net of allowance for doubtful accounts 3,707  3,265 
Maturity analysis for recognized financial liabilities
The following table is a maturity analysis for recognized financial liabilities at December 31, 2021 for each of the next five years and thereafter.
AT DECEMBER 31, 2021 NOTE 2022 2023 2024 2025 2026 THERE-
AFTER		 TOTAL
Long-term debt 25 156  1,632  2,060  2,153  1,561  16,289  23,851 
Notes payable 24 735  —  —  —  —  —  735 
Lease liabilities (1)
 1,009  833  541  439  406  1,922  5,150 
Loan secured by trade receivables 24 900  —  —  —  —  —  900 
Interest payable on long-term debt, notes
payable and loan secured by trade
receivables		 918  890  825  770  718  9,068  13,189 
Net payments (receipts) on cross currency interest rate swaps 11  12  (2) 12  12  314  359 
MLSE financial liability 23 149  —  —  —  —  —  149 
Total 3,878  3,367  3,424  3,374  2,697  27,593  44,333 
(1) Includes imputed interest of $841 million.
Details on outstanding foreign currency forward contracts and cross currency basis swaps
The following table provides further details on our outstanding foreign currency forward contracts and options as at December 31, 2021.
TYPE OF HEDGE BUY CURRENCY AMOUNT TO RECEIVE SELL CURRENCY AMOUNT TO PAY MATURITY HEDGED ITEM
Cash flow USD 561  CAD 721  2022 Commercial paper
Cash flow PHP 2,270  CAD 58  2022 Anticipated purchases
Cash flow USD 568  CAD 723  2022 Anticipated purchases
Cash flow USD 550  CAD 678  2023 Anticipated purchases
Cash flow - call options USD 212  CAD 275  2022 Anticipated purchases
Cash flow - put options USD 212  CAD 272  2022 Anticipated purchases
Economic USD 40  CAD 50  2022 Anticipated purchases
Economic - put options USD 99  CAD 123  2022 Anticipated purchases
Economic - call options USD 150  CAD 178  2022 Anticipated purchases
Economic - call options CAD 190  USD 150  2022 Anticipated purchases
Economic - put options USD 240  CAD 290  2023 Anticipated purchases
Summary of key ratios
The following table provides a summary of our key ratios.
AT DECEMBER 31 2021 2020
Net debt leverage ratio 3.18  2.93 
Adjusted EBITDA to adjusted net interest expense ratio 8.77  8.32