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Equity (Tables) | 12 Months Ended
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Dec. 31, 2019
Equity [abstract] |
Summary of Class A Common Shares and Class B Subordinate Voting Shares Issued and Outstanding | Class A Common Shares and Class B Subordinate Voting Shares Issued and Outstanding
Shares (in 000’s) |  | Class A Common Shares |  |  | Class B Subordinate Voting Shares |
As at January 1, 2018 |  | 7,777 |  |  | 565,506 |
Class A common shares conversion |  | (9 | ) |  | 9 |
Options exercised (c) |  | — |  |  | 3,710 |
Acquired and cancelled pursuant to normal course issuer bid (h) |  | — |  |  | (6,300 | )
As at December 31, 2018 |  | 7,768 |  |  | 562,925 |
Class A common shares conversion |  | (3 | ) |  | 3 |
Options exercised (c) |  | — |  |  | 1,239 |
Acquired and cancelled pursuant to normal course issuer bid (h) |  | — |  |  | (24,639 | )
As at December 31, 2019 |  | 7,765 |  |  | 539,528 |
Summary of Weighted Average Assumptions | The weighted average fair value of share options granted in the year was estimated at $10.73 per option (2018 – $11.10) at the grant date based on the Black-Scholes option-pricing model using the following assumptions:
|  | 2019 |  |  | 2018 |
Weighted average exercise price |  | $ | 28.62 |  |  | $ | 37.44 |
Dividend yield |  | 1.05 | % |  | 2.67 | %
Risk-free interest rate |  | 1.81 | % |  | 2.06 | %
Expected option life |  | 5.9 years |  |  | 4.2 years |
Expected volatility |  | 41 | % |  | 41 | %
Forfeiture rate |  | 0.55 | % |  | 0.54 | %
Summary of Outstanding Share Options | Outstanding share options are as follows:
|  | 2019 |  | 2018
|  | Share Options (in 000’s) |  |  | Weighted Average Exercise Price |  |  | Share Options (in 000’s) |  |  | Weighted Average Exercise Price |
Outstanding at beginning of year |  | 19,775 |  |  | $ | 21.75 |  |  | 22,068 |  |  | $ | 19.52 |
Granted |  | 1,940 |  |  | 28.62 |  |  | 1,575 |  |  | 37.44 |
Exercised |  | (1,239 | ) |  | 8.17 |  |  | (3,710 | ) |  | 14.58 |
Forfeited |  | (110 | ) |  | 32.52 |  |  | (107 | ) |  | 32.92 |
Expired |  | (214 | ) |  | 38.24 |  |  | (51 | ) |  | 37.56 |
Outstanding at end of year |  | 20,152 |  |  | $ | 23.02 |  |  | 19,775 |  |  | $ | 21.75 |
Vested and exercisable at end of year |  | 16,617 |  |  | $ | 21.32 |  |  | 14,036 |  |  | $ | 22.83 |
Summary of Information Relating to Share Options Outstanding | Information relating to share options outstanding at December 31, 2019, is as follows:
Outstanding Share Options (in 000’s) |  | Exercise Price Range |  | Weighted Average Remaining Life of Outstanding Options (months)
5,400 |  | $ 5.34 — $ 15.35 |  | 70
3,471 |  | $ 15.36 — $ 24.97 |  | 60
2,155 |  | $ 24.98 — $ 26.79 |  | 47
6,123 |  | $ 26.80 — $ 36.85 |  | 70
3,003 |  | $ 36.86 — $ 58.80 |  | 58
20,152 |  | $ 5.34 — $ 58.80 |  | 64
Summary of Exercise Price Range for Share Options | Information relating to share options outstanding at December 31, 2019, is as follows:
Outstanding Share Options (in 000’s) |  | Exercise Price Range |  | Weighted Average Remaining Life of Outstanding Options (months)
5,400 |  | $ 5.34 — $ 15.35 |  | 70
3,471 |  | $ 15.36 — $ 24.97 |  | 60
2,155 |  | $ 24.98 — $ 26.79 |  | 47
6,123 |  | $ 26.80 — $ 36.85 |  | 70
3,003 |  | $ 36.86 — $ 58.80 |  | 58
20,152 |  | $ 5.34 — $ 58.80 |  | 64
Summary of Outstanding Units | The outstanding Units are summarized in the following table:
(in 000’s) |  | 2019 |  | 2018
|  | Outstanding |  |  | Vested |  |  | Outstanding |  |  | Vested |
DSUs |  | 2,463 |  |  | 2,463 |  |  | 2,644 |  |  | 2,644 |
RSUs |  | 892 |  |  | — |  |  | 821 |  |  | 381 |
PSUs |  | 741 |  |  | — |  |  | 667 |  |  | 312 |
PDSUs |  | 177 |  |  | 65 |  |  | 123 |  |  | 61 |
|  | 4,273 |  |  | 2,528 |  |  | 4,255 |  |  | 3,398 |
Summary of Accumulated Other Comprehensive Income (Loss) | Accumulated Other Comprehensive Income
(CAD$ in millions) |  | 2019 |  |  | 2018 |
Accumulated other comprehensive income – beginning of year |  | $ | 584 |  |  | $ | 244 |
IFRS 9 transition adjustment on January 1, 2018 |  | — |  |  | (34 | )
Currency translation differences: |  |  |  |
Unrealized gains (losses) on translation of foreign subsidiaries |  | (449 | ) |  | 638 |
Foreign exchange differences on debt designated as a hedge of our investment in foreign subsidiaries (net of taxes of $(26) and $40) |  | 167 |  |  | (255 | )
|  | (282 | ) |  | 383 |
Gain (loss) on marketable equity and debt securities (net of taxes of $(1) and $1) |  | 7 |  |  | (9 | )
Remeasurements of retirement benefit plans (net of taxes of $(31) and $(2)) |  | 74 |  |  | 8 |
Total other comprehensive income (loss) |  | (201 | ) |  | 382 |
Less remeasurements of retirement benefit plans recorded in retained earnings |  | (74 | ) |  | (8 | )
Accumulated other comprehensive income – end of year |  | $ | 309 |  |  | $ | 584 |
Summary of Basic and Diluted Earnings Per Share | The following table reconciles our basic and diluted earnings (loss) per share:
(CAD$ in millions, except per share data) |  | 2019 |  |  | 2018 |
Net basic and diluted profit (loss) attributable to shareholders of the company |  | $ | (605 | ) |  | $ | 3,107 |
Weighted average shares outstanding (000’s) |  | 559,765 |  |  | 573,905 |
Dilutive effect of share options |  | — |  |  | 8,233 |
Weighted average diluted shares outstanding (000’s) |  | 559,765 |  |  | 582,138 |
Basic earnings (loss) per share |  | $ | (1.08 | ) |  | $ | 5.41 |
Diluted earnings (loss) per share |  | $ | (1.08 | ) |  | $ | 5.34 |

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