XML 34 R18.htm IDEA: XBRL DOCUMENT
v3.22.4

FINANCE COSTS | 12 Months Ended
--- | ---
Dec. 31, 2022
Finance Costs [Abstract] |
FINANCE COSTS | FINANCE COSTS
|  | Years ended December 31
(In millions of dollars) | Note | 2022 | 2021
Interest on borrowings |  | 907 |  | 745 |
Interest on Shaw senior note financing |  | 447 |  | — |
Total interest on borrowings 1 | 21 |  | 1,354 |  | 745 |
Interest earned on restricted cash and cash equivalents |  | (235) |  | — |
Interest on borrowings, net |  | 1,119 |  | 745 |
Interest on lease liabilities | 8 |  | 80 |  | 74 |
Interest on post-employment benefits liability | 23 |  | (1) |  | 14 |
Loss on foreign exchange |  | 127 |  | 10 |
Change in fair value of derivative instruments |  | (126) |  | (6) |
Capitalized interest |  | (29) |  | (17) |
Deferred transaction costs and other |  | 63 |  | 29 |
Total finance costs |  | 1,233 |  | 849 |
1 Interest on borrowings includes interest on short-term borrowings and on long-term debt. FOREIGN EXCHANGE AND CHANGE IN FAIR VALUE OF DERIVATIVE INSTRUMENTS We recognized $127 million in net foreign exchange losses in 2022 (2021 - $10 million in net losses). These losses were primarily attributed to our US$1 billion senior notes due 2025 (see note 21) and our US CP program borrowings (see note 17). These foreign exchange losses were offset by the $126 million gain related to the change in fair value of derivatives (2021 - $6 million gain) that was primarily attributed to the debt derivatives, which were not designated as hedges for accounting purposes, we used to substantially offset the foreign exchange risk related to these US dollar-denominated borrowings.

X
- Definition The disclosure of finance cost. [Refer: Finance costs] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 10 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_10_e&doctype=Standard -URIDate 2022-03-24 + Details
Name: | ifrs-full_DisclosureOfFinanceCostExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Finance Costs [Abstract] + References No definition available. + Details
Name: | rci_FinanceCostsAbstract
Namespace Prefix: | rci_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration