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v3.25.4

Additional cash flow information (Details) - CAD ($) $ in Millions | 12 Months Ended
--- | ---
Dec. 31, 2025 | Dec. 31, 2024
Changes in liabilities arising from financing activities [abstract] |  |
Beginning balance | $ 40,467 | $ 37,012
Cash flows used in financing activities |  |
Increase in notes payable | 452 | 1,945
Issue of long-term debt | 7,809 | 3,834
Repayment of supplier finance arrangements | (79) | (78)
Repayment of long-term debt | (10,013) | (3,225)
Cash dividends paid on common and preferred shares | (2,177) | (3,800)
Cash dividends paid by subsidiaries to non-controlling interests | (51) | (68)
Other financing activities | (189) | (31)
Total cash flows used in financing activities excluding equity | (4,248) | (1,423)
Non-cash changes arising from |  |
Increase in lease liabilities | 850 | 774
Dividends declared on common and preferred shares | 2,305 | 3,827
Dividends declared by subsidiaries to non-controlling interests | 51 | 68
Effect of changes in foreign exchange rates | 0 | 0
Business acquisitions | 2,757 | 120
Common shares issued under dividend reinvestment plan | (633) |
Net early redemption (gains) losses on U.S. and CAD debentures | (361) |
Additions to supplier finance arrangements | 47 | 58
Reclassification to liabilities held for sale | (7) | (10)
Other | 70 | 41
Total non-cash changes | 5,079 | 4,878
Ending balance | 41,298 | 40,467
Debt due within one year and long-term debt |  |
Changes in liabilities arising from financing activities [abstract] |  |
Beginning balance | 40,504 | 36,177
Cash flows used in financing activities |  |
Increase in notes payable | 475 | 1,817
Issue of long-term debt | 7,809 | 3,834
Repayment of supplier finance arrangements | (79) | (78)
Repayment of long-term debt | (10,013) | (3,289)
Cash dividends paid on common and preferred shares | 0 | 0
Cash dividends paid by subsidiaries to non-controlling interests | 0 | 0
Other financing activities | (74) | (27)
Total cash flows used in financing activities excluding equity | (1,882) | 2,257
Non-cash changes arising from |  |
Increase in lease liabilities | 850 | 774
Dividends declared on common and preferred shares | 0 | 0
Dividends declared by subsidiaries to non-controlling interests | 0 | 0
Effect of changes in foreign exchange rates | (664) | 987
Business acquisitions | 2,757 | 120
Common shares issued under dividend reinvestment plan | 0 |
Net early redemption (gains) losses on U.S. and CAD debentures | (599) |
Additions to supplier finance arrangements | 47 | 58
Reclassification to liabilities held for sale | (7) | (10)
Other | 53 | 141
Total non-cash changes | 2,437 | 2,070
Ending balance | 41,059 | 40,504
Derivative to hedge foreign currency on debt |  |
Changes in liabilities arising from financing activities [abstract] |  |
Beginning balance | (975) | (153)
Cash flows used in financing activities |  |
Increase in notes payable | (23) | 128
Issue of long-term debt | 0 | 0
Repayment of supplier finance arrangements | 0 | 0
Repayment of long-term debt |  | 64
Cash dividends paid on common and preferred shares | 0 | 0
Cash dividends paid by subsidiaries to non-controlling interests | 0 | 0
Other financing activities | 0 | 0
Total cash flows used in financing activities excluding equity | (23) | 192
Non-cash changes arising from |  |
Increase in lease liabilities | 0 | 0
Dividends declared on common and preferred shares | 0 | 0
Dividends declared by subsidiaries to non-controlling interests | 0 | 0
Effect of changes in foreign exchange rates | 664 | (987)
Business acquisitions | 0 | 0
Common shares issued under dividend reinvestment plan | 0 |
Net early redemption (gains) losses on U.S. and CAD debentures | 122 |
Additions to supplier finance arrangements | 0 | 0
Reclassification to liabilities held for sale | 0 | 0
Other | 20 | (27)
Total non-cash changes | 806 | (1,014)
Ending balance | (192) | (975)
Dividends payable |  |
Changes in liabilities arising from financing activities [abstract] |  |
Beginning balance | 933 | 910
Cash flows used in financing activities |  |
Increase in notes payable | 0 | 0
Issue of long-term debt | 0 | 0
Repayment of supplier finance arrangements | 0 | 0
Repayment of long-term debt | 0 | 0
Cash dividends paid on common and preferred shares | (2,177) | (3,800)
Cash dividends paid by subsidiaries to non-controlling interests | (51) | (68)
Other financing activities | 0 | 0
Total cash flows used in financing activities excluding equity | (2,228) | (3,868)
Non-cash changes arising from |  |
Increase in lease liabilities | 0 | 0
Dividends declared on common and preferred shares | 2,305 | 3,827
Dividends declared by subsidiaries to non-controlling interests | 51 | 68
Effect of changes in foreign exchange rates | 0 | 0
Business acquisitions | 0 | 0
Common shares issued under dividend reinvestment plan | (633) |
Net early redemption (gains) losses on U.S. and CAD debentures | 0 |
Additions to supplier finance arrangements | 0 | 0
Reclassification to liabilities held for sale | 0 | 0
Other | (3) | (4)
Total non-cash changes | 1,720 | 3,891
Ending balance | 425 | 933
Other liabilities |  |
Changes in liabilities arising from financing activities [abstract] |  |
Beginning balance | 5 | 78
Cash flows used in financing activities |  |
Increase in notes payable | 0 | 0
Issue of long-term debt | 0 | 0
Repayment of supplier finance arrangements | 0 | 0
Repayment of long-term debt | 0 | 0
Cash dividends paid on common and preferred shares | 0 | 0
Cash dividends paid by subsidiaries to non-controlling interests | 0 | 0
Other financing activities | (115) | (4)
Total cash flows used in financing activities excluding equity | (115) | (4)
Non-cash changes arising from |  |
Increase in lease liabilities | 0 | 0
Dividends declared on common and preferred shares | 0 | 0
Dividends declared by subsidiaries to non-controlling interests | 0 | 0
Effect of changes in foreign exchange rates | 0 | 0
Business acquisitions | 0 | 0
Common shares issued under dividend reinvestment plan | 0 |
Net early redemption (gains) losses on U.S. and CAD debentures | 116 |
Additions to supplier finance arrangements | 0 | 0
Reclassification to liabilities held for sale | 0 | 0
Other | 0 | (69)
Total non-cash changes | 116 | (69)
Ending balance | $ 6 | $ 5

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