XML 85 R68.htm IDEA: XBRL DOCUMENT
v3.24.0.1

COMMITMENTS AND CONTINGENT LIABILITIES (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
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, 2023 and 2022.
December 31, 2023 | Carrying |  | Contractual | Less than | 1 to 3 | 4 to 5 | More than
(In millions of dollars) | amount |  | cash flows | 1 year | years | years | 5 years
Short-term borrowings | 1,750 |  |  | 1,750 |  | 1,750 |  | — |  | — |  | — |
Accounts payable and accrued liabilities | 4,221 |  |  | 4,221 |  | 4,221 |  | — |  | — |  | — |
Long-term debt 1 | 40,855 |  |  | 41,895 |  | 1,100 |  | 8,607 |  | 8,351 |  | 23,837 |
Lease liabilities | 2,593 |  |  | 3,283 |  | 504 |  | 1,002 |  | 405 |  | 1,372 |
Other long-term financial liabilities | 49 |  |  | 49 |  | 1 |  | 2 |  | 42 |  | 4 |
Expenditure derivative instruments: |  |  |  |  |  |  |
Cash outflow (Canadian dollar) | — |  |  | 2,187 |  | 1,591 |  | 596 |  | — |  | — |
Cash inflow (Canadian dollar equivalent of US dollar) | — |  |  | (2,182) |  | (1,587) |  | (595) |  | — |  | — |
Equity derivative instruments | — |  |  | (48) |  | (48) |  | — |  | — |  | — |
Debt derivative instruments accounted for as hedges: |  |  |  |  |  |  |
Cash outflow (Canadian dollar) | — |  |  | 19,051 |  | 228 |  | 3,197 |  | 2,625 |  | 13,001 |
Cash inflow (Canadian dollar equivalent of US dollar) 2 | — |  |  | (19,980) |  | (228) |  | (3,154) |  | (2,711) |  | (13,887) |
Debt derivative instruments not accounted for as hedges: |  |  |  |  |  |  |
Cash outflow (Canadian dollar) | — |  |  | 4,538 |  | 4,538 |  | — |  | — |  | — |
Cash inflow (Canadian dollar equivalent of US dollar) 2 | — |  |  | (4,437) |  | (4,437) |  | — |  | — |  | — |
Net carrying amount of derivatives liability | 538 |  |  |  |  |  |  |
| 50,006 |  |  | 50,327 |  | 7,633 |  | 9,655 |  | 8,712 |  | 24,327 |
1 Reflects repayment of the subordinated notes issued in December 2021 and February 2022 on the five-year anniversary. 2 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, 2022 | Carrying |  | Contractual | Less than | 1 to 3 | 4 to 5 | More than
(In millions of dollars) | amount |  | cash flows | 1 year | years | years | 5 years
Short-term borrowings | 2,985 |  |  | 2,985 |  | 2,985 |  | — |  | — |  | — |
Accounts payable and accrued liabilities | 3,722 |  |  | 3,722 |  | 3,722 |  | — |  | — |  | — |
Long-term debt 1 | 31,733 |  |  | 32,855 |  | 1,828 |  | 4,152 |  | 6,954 |  | 19,921 |
Lease liabilities | 2,028 |  |  | 2,616 |  | 362 |  | 716 |  | 320 |  | 1,218 |
Other long-term financial liabilities | 10 |  |  | 10 |  | — |  | 3 |  | 2 |  | 5 |
Expenditure derivative instruments: |  |  |  |  |  |  |
Cash outflow (Canadian dollar) | — |  |  | 1,200 |  | 1,200 |  | — |  | — |  | — |
Cash inflow (Canadian dollar equivalent of US dollar) | — |  |  | (1,300) |  | (1,300) |  | — |  | — |  | — |
Equity derivative instruments | — |  |  | (54) |  | (54) |  | — |  | — |  | — |
Debt derivative instruments accounted for as hedges: |  |  |  |  |  |  |
Cash outflow (Canadian dollar) | — |  |  | 20,221 |  | 1,543 |  | 2,382 |  | 3,295 |  | 13,001 |
Cash inflow (Canadian dollar equivalent of US dollar) 2 | — |  |  | (22,131) |  | (1,986) |  | (2,470) |  | (3,454) |  | (14,221) |
Debt derivative instruments not accounted for as hedges: |  |  |  |  |  |  |
Cash outflow (Canadian dollar) | — |  |  | 215 |  | 215 |  | — |  | — |  | — |
Cash inflow (Canadian dollar equivalent of US dollar) 2 | — |  |  | (215) |  | (215) |  | — |  | — |  | — |
Net carrying amount of derivatives (asset) | (1,136) |  |  |  |  |  |  |
| 39,342 |  |  | 40,124 |  | 8,300 |  | 4,783 |  | 7,117 |  | 19,924 |
1 Reflects repayment of the subordinated notes issued in December 2021 and February 2022 on the five-year anniversary. 2 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, 2023.
(In millions of dollars) |  |
2024 | 1,100 |  |
2025 | 3,499 |  |
2026 1 | 5,108 |  |
2027 1 | 4,906 |  |
2028 | 3,445 |  |
Thereafter | 23,837 |  |
Total long-term debt | 41,895 |  |
1 Reflects repayment of the subordinated notes issued in December 2021 and February 2022 on the five-year anniversary. Below is a summary of the future minimum payments for our contractual commitments that are not recognized as liabilities as at December 31, 2023.
| Less than |  |  | After |
(In millions of dollars) | 1 Year | 1-3 Years | 4-5 Years | 5 Years | Total
Player contracts 1 | 181 |  | 241 |  | 64 |  | — |  | 486 |
Purchase obligations 2 | 559 |  | 448 |  | 187 |  | 265 |  | 1,459 |
Program rights 3 | 734 |  | 1,000 |  | 173 |  | 60 |  | 1,967 |
Total commitments | 1,474 |  | 1,689 |  | 424 |  | 325 |  | 3,912 |
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 sports broadcasting 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) |  | 2023
Acquisition of property, plant and equipment |  | 263 |
Acquisition of intangible assets 1 |  | 475 |
Our share of commitments related to associates and joint ventures |  | 306 |
Total other commitments |  | 1,044 |
1 Relates to 3800 MHz spectrum licences won at auction in late 2023, $95 million of which was paid in January 2024.

X
- Definition The disclosure of commitments. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2023-01-01 -Paragraph 10 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2023-en-r&anchor=para_10_e&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_DisclosureOfCommitmentsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of a maturity analysis for non-derivative financial liabilities (including issued financial guarantee contracts) that shows the remaining contractual maturities. [Refer: Derivative financial liabilities] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2023-01-01 -Paragraph 39 -Subparagraph a -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2023-en-r&anchor=para_39_a&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_MaturityAnalysisForNonderivativeFinancialLiabilities
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Other Provisions, Contingent Liabilities and Contingent Assets [Abstract] + References No definition available. + Details
Name: | rci_OtherProvisionsContingentLiabilitiesandContingentAssetsAbstract
Namespace Prefix: | rci_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration