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COMMITMENTS AND CONTINGENT LIABILITIES (Tables)
 12 Months Ended
Dec. 31, 2020
Other Provisions, Contingent Liabilities and Contingent Assets [Abstract]  
Disclosure of maturity analysis for commitments
Below is a summary of the undiscounted contractual maturities of our financial liabilities and the receivable components of our derivatives as at December 31, 2020 and 2019.
December 31, 2020CarryingContractualLess than1 to 34 to 5More than
(In millions of dollars)amountcash flows1 yearyearsyears5 years
 
Short-term borrowings1,221 1,221 1,221 — — — 
Accounts payable and accrued liabilities2,714 2,714 2,714 — — — 
Long-term debt18,201 18,373 1,450 3,274 1,490 12,159 
Lease liabilities1,835 2,353 278 647 300 1,128 
Other long-term financial liabilities22 22 — 14 2 6 
Expenditure derivative instruments:
Cash outflow (Canadian dollar)— 2,134 1,305 829 — — 
Cash inflow (Canadian dollar equivalent of US dollar)— (2,024)(1,222)(802)— — 
Equity derivative instruments— (34)(34)— — — 
Debt derivative instruments accounted for as hedges:
Cash outflow (Canadian dollar)— 11,114 86 2,516 937 7,575 
Cash inflow (Canadian dollar equivalent of US dollar) 1
— (11,702)(81)(2,772)(891)(7,958)
Debt derivative instruments not accounted for as hedges:
Cash outflow (Canadian dollar)— 585 585 — — — 
Cash inflow (Canadian dollar equivalent of US dollar) 1
— (573)(573)— — — 
Net carrying amount of derivatives (asset)(1,011)
 22,982 24,183 5,729 3,706 1,838 12,910 
1    Represents Canadian dollar equivalent amount of US dollar inflows matched to an equal amount of US dollar maturities in long-term debt for debt derivatives.
December 31, 2019CarryingContractualLess than1 to 34 to 5More than
(In millions of dollars)amountcash flows1 yearyearsyears5 years
 
Short-term borrowings2,238 2,238 2,238 — — — 
Accounts payable and accrued liabilities3,033 3,033 3,033 — — — 
Long-term debt15,967 16,130 — 2,050 2,353 11,727 
Lease liabilities1,725 2,220 230 413 326 1,251 
Other long-term financial liabilities26 26 — 12 7 7 
Expenditure derivative instruments: 
Cash outflow (Canadian dollar)— 1,287 1,248 39 — — 
Cash inflow (Canadian dollar equivalent of US dollar)— (1,286)(1,247)(39)— — 
Equity derivative instruments— (55)(55)— — — 
Debt derivative instruments accounted for as hedges: 
Cash outflow (Canadian dollar)— 9,903 — — 1,392 8,511 
Cash inflow (Canadian dollar equivalent of US dollar) 1
— (10,780)— — (1,753)(9,027)
Debt derivative instruments not accounted for as hedges:
Cash outflow (Canadian dollar)— 1,622 1,622 — — — 
Cash inflow (Canadian dollar equivalent of US dollar) 1
— (1,593)(1,593)— — — 
Bond forwards— — — — — — 
Net carrying amount of derivatives (asset)(1,439)
 21,550 22,745 5,476 2,475 2,325 12,469 
1    Represents Canadian dollar equivalent amount of US dollar inflows matched to an equal amount of US dollar maturities in long-term debt for debt derivatives.
Below is a summary of the principal repayments on our long-term debt due in each of the next five years and thereafter as at December 31, 2020.
(In millions of dollars) 
20211,450 
20221,555 
20231,719 
2024600 
2025890 
Thereafter12,159 
Total long-term debt18,373 
Below is a summary of the future minimum payments for our contractual commitments that are not recognized as liabilities as at December 31, 2020.
Less than After
(In millions of dollars) 1 Year 1-3 Years 4-5 Years 5 Years Total
Player contracts 1
73 87 — — 160 
Purchase obligations 2
295 178 70 48 591 
Program rights 3
626 1,198 1,078 316 3,218 
Total commitments994 1,463 1,148 364 3,969 
1    Toronto Blue Jays players' salary contracts into which we have entered and are contractually obligated to pay.
2    Contractual obligations under service, product, and wireless device contracts to which we have committed.
3    Agreements into which we have entered to acquire broadcasting rights for programs and films for periods in excess of one year at contract inception.
Disclosure of commitments
Below is a summary of our other contractual commitments that are not included in the table above.
  As at December 31
(In millions of dollars)2020
Acquisition of property, plant and equipment344 
Acquisition of intangible assets30 
Commitments related to associates and joint ventures405 
Total other commitments779