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v3.25.4

Consolidated statements of changes in equity - CAD ($) $ in Millions | Total | Total | Shares issued Preferred shares | Shares issued Common shares | Contri- buted surplus | Publicly-traded and privately-held invest-ments | Derivatives designated as cash-flow hedges | Cumulative translation adjust- ment | Deficit | Non- controlling interest
--- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ---
Beginning balance at Dec. 31, 2023 | $ 20,557 | $ 20,229 | $ 3,667 | $ 20,859 | $ 1,258 | $ 419 | [1] | $ (461) | [1] |  | $ (5,513) | $ 328
Net earnings | 375 | 344 |  |  |  |  |  |  |  |  | 344 | 31
Other comprehensive income (loss) | 488 | 485 |  |  |  | 239 | [1] | (337) | [1] |  | 583 | 3
Total comprehensive income (loss) | 863 | 829 |  |  |  | 239 | [1] | (337) | [1] |  | 927 | 34
Other share-based compensation | (54) | (54) |  | 1 | (22) |  |  |  |  |  | (33) |
Repurchase of preferred shares | (92) | (92) | (134) |  | 42 |  |  |  |  |  |  |
Dividends declared on BCE common and preferred shares | (3,827) | (3,827) |  |  |  |  |  |  |  |  | (3,827) |
Dividends declared by subsidiaries to non- controlling interest | (68) |  |  |  |  |  |  |  |  |  |  | (68)
Settlement of cash flow hedges transferred to the cost basis of hedged items | (19) | (19) |  |  |  |  |  | (19) | [1] |  |  |
Acquisition of minority interest | 0 | 5 |  |  |  |  |  |  |  |  | 5 | (5)
Ending balance at Dec. 31, 2024 | 17,360 | 17,071 | 3,533 | 20,860 | 1,278 | 658 | [1] | (817) | [1] | $ 0 | (8,441) | 289
Net earnings | 6,514 | 6,460 |  |  |  |  |  |  |  |  | 6,460 | 54
Other comprehensive income (loss) | 1,382 | 1,384 |  |  |  | 253 |  | 538 |  | (37) | 630 | (2)
Total comprehensive income (loss) | 7,896 | 7,844 |  |  |  | 253 |  | 538 |  | (37) | 7,090 | 52
Common shares issued under dividend reinvestment plan | 633 | 633 |  | 633 |  |  |  |  |  |  |  |
Other share-based compensation | (19) | (19) |  |  | (33) |  |  |  |  |  | 14 |
Repurchase of preferred shares | (182) | (182) | (245) |  | 63 |  |  |  |  |  |  |
Dividends declared on BCE common and preferred shares | (2,305) | (2,305) |  |  |  |  |  |  |  |  | (2,305) |
Dividends declared by subsidiaries to non- controlling interest | (51) |  |  |  |  |  |  |  |  |  |  | (51)
Settlement of cash flow hedges transferred to the cost basis of hedged items | (22) | (22) |  |  |  |  |  | (22) |  |  |  |
Ending balance at Dec. 31, 2025 | $ 23,310 | $ 23,020 | $ 3,288 | $ 21,493 | $ 1,308 | $ 911 |  | $ (301) |  | $ (37) | $ (3,642) | $ 290
[1] | We have presented amounts from the previous period to make them consistent with the presentation for the current period.

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