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Debt due within one year (Tables) | 12 Months Ended
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Dec. 31, 2022
Financial Instruments [Abstract] |
Schedule of debt due within one year |
FOR THE YEAR ENDED DECEMBER 31 | NOTE | WEIGHTED AVERAGE INTEREST RATE AT DECEMBER 31, 2022 |  | 2022 | 2021
Notes payable(1) | 29 | 4.27 |  | % | 869 |  | 735 |
Loans secured by receivables(2) | 29 | 5.19 |  | % | 1,588 |  | 900 |
Long-term debt due within one year(3) | 25 | 4.79 |  | % | 1,680 |  | 990 |
Total debt due within one year |  |  |  | 4,137 |  | 2,625 |
(1)Includes commercial paper of $627 million in U.S. dollars ($849 million in Canadian dollars) and $561 million in U.S. dollars ($711 million in Canadian dollars) as at December 31, 2022 and December 31, 2021, respectively, which were issued under our U.S. commercial paper program and have been hedged for foreign currency fluctuations through forward currency contracts. See Note 29, Financial and capital management, for additional details. (2)At December 31, 2022, loans secured by receivables totaled $1,173 million in U.S. dollars ($1,588 million in Canadian dollars) and have been hedged for foreign currency fluctuations through foreign currency forward contracts. At December 31, 2021, loans secured by receivables totaled $900 million in Canadian dollars. See Note 29, Financial and capital management, for additional details. (3)Included in long-term debt due within one year is the current portion of lease liabilities of $930 million and $864 million as at December 31, 2022 and December 31, 2021, respectively.
FOR THE YEAR ENDED DECEMBER 31 | NOTE | WEIGHTED AVERAGE INTEREST RATE AT DECEMBER 31, 2022 |  | MATURITY | 2022 | 2021
| Debt securities |  |  |  |  |  |
|  | 1997 trust indenture (1) |  | 3.82 | % |  | 2023-2051 | 16,747 |  | 16,750 |
|  | 1976 trust indenture |  | 9.38 | % |  | 2027-2054 | 975 |  | 975 |
|  | 2011 trust indenture |  | 4.00 | % |  | 2024 | 225 |  | 225 |
|  | 2016 U.S. trust indenture (2) |  | 3.32 | % |  | 2024-2052 | 6,525 |  | 5,188 |
|  | 1996 trust indenture (subordinated) |  | 8.21 | % |  | 2026-2031 | 275 |  | 275 |
| Lease liabilities |  | 4.53 | % |  | 2023-2068 | 4,402 |  | 4,309 |
| Other |  |  |  |  | 449 |  | 438 |
Total debt |  |  |  |  | 29,598 |  | 28,160 |
| Net unamortized discount |  |  |  |  | (34) |  | (26) |
| Unamortized debt issuance costs |  |  |  |  | (101) |  | (96) |
| Less: |  |  |  |  |  |
|  | Amount due within one year | 24 |  |  |  | (1,680) |  | (990) |
Total long-term debt |  |  |  |  | 27,783 |  | 27,048 |
(1)At December 31, 2022, $500 million has been swapped from fixed to floating using interest rate swaps. See Note 29, Financial and capital management for additional details. (2)At December 31, 2022 and 2021, notes issued under the 2016 U.S. trust indenture totaled $4,850 million and $4,100 million in U.S. dollars, respectively, and have been hedged for foreign currency fluctuations through cross currency interest rate swaps, including $600 million in U.S. dollars, which has been swapped from fixed to floating. See Note 29, Financial and capital management, for additional details.
Details of securitized trade receivables | The following table provides further details on our securitized receivables programs during 2022 and 2021.
FOR THE YEAR ENDED DECEMBER 31 | 2022 | 2021
Average interest rate throughout the year | 3.15 | % | 1.07 | %
Securitized receivables | 3,353 |  | 1,701 |
Summary of total bank credit facilities | The table below is a summary of our total bank credit facilities at December 31, 2022.
| TOTAL AVAILABLE | DRAWN | LETTERS OF CREDIT | COMMERCIAL PAPER OUTSTANDING | NET AVAILABLE
Committed credit facilities |  |  |  |  |
Unsecured revolving and expansion credit facilities (1)(2) | 3,500 |  | — |  | — |  | 849 |  | 2,651 |
Unsecured non-revolving credit facilities(3) | 647 |  | — |  | — |  | — |  | 647 |
Other | 106 |  | — |  | 96 |  | — |  | 10 |
Total committed credit facilities | 4,253 |  | — |  | 96 |  | 849 |  | 3,308 |
Total non-committed credit facilities | 1,939 |  | — |  | 808 |  | — |  | 1,131 |
Total committed and non-committed credit facilities | 6,192 |  | — |  | 904 |  | 849 |  | 4,439 |
(1)Bell Canada’s $2.5 billion committed revolving credit facility expires in August 2027 and its $1 billion committed expansion credit facility expires in August 2025. In 2022, Bell Canada converted its committed credit facilities into a sustainability-linked loan. The amendment introduces a borrowing cost that varies based on Bell's performance of certain sustainability performance targets. (2)As of December 31, 2022, Bell Canada’s outstanding commercial paper included $627 million in U.S. dollars ($849 million in Canadian dollars). All of Bell Canada’s commercial paper outstanding is included in Debt due within one year. (3)In 2022, Bell Canada entered into two 30-year senior unsecured non-revolving credit facilities in the aggregate principal amount of up to $647 million to partly fund the expansion of its broadband networks as part of government subsidy programs.

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