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FINANCE COSTS (Tables)

12 Months Ended

Dec. 31, 2022

Finance Costs [Abstract]

Schedule of finance cost

						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.

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