FINANCIAL INSTRUMENTS (Tables)

12 Months Ended

Dec. 31, 2012

Foreign exchange forward contracts representing commitments to buy and sell various foreign currencies

At December 31, 2012, the Company had outstanding foreign exchange forward contracts representing commitments to buy and sell various foreign currencies. Significant commitments are as follows:


	For Canadian dollars										For U.S. dollars
Buy (Sell)	U.S. dollar amount			Weighted average rate		Euro amount			Weighted average rate		Peso amount		Weighted average rate
2013		229			1.01252		48			1.31881		3,179		0.07313
2013		(600	)		1.02054		(8	)		1.28626		—		—
2014		31			1.04151		34			1.31939		2,071		0.06844
2014		(271	)		1.01573		—			—		—		—
2015		23			1.03073		—			—		799		0.06894
2015		(104	)		1.01754		—			—		—		—
2016		12			1.03697		—			—		—		—
2016		(4	)		1.04751		—			—		—		—

		(684	)				74					6,049


	For euros
Buy (Sell)	U.S. dollar amount			Weighted average rate		GBP amount			Weighted average rate		Czech Koruna amount			Weighted average rate		Polish Zlotys amount		Weighted average rate
2013		53			0.75541		41			1.17565		2,488			0.03988		86		0.23344
2013		(93	)		0.76441		(14	)		1.24572		(11	)		0.04014		—		—
2014		17			0.74515		31			1.14482		1,572			0.03980		41		0.22452
2014		(52	)		0.77097		—			—		—			—		—		—
2015		—			—		13			1.19170		784			0.03971		—		—
2015		(35	)		0.77597		—			—		—			—		—		—
2016		(13	)		0.77162		—			—		—			—		—		—

		(123	)				71					4,833					127

Schedule of Company's financial assets and liabilities

The Company’s financial assets and liabilities consist of the following:


	2012		2011

Held-for-trading
Cash and cash equivalents	$	1,522	$	1,325
Investment in ABCP [note 8]		90		82

	$	1,612	$	1,407


Held-to-maturity investments
Severance investments	$	8	$	5


Available-for-sale investments
Equity investments	$	9	$	12


Loans and receivables
Accounts receivable	$	4,774	$	4,398
Long-term receivables included in other assets [note 12]		95		176

	$	4,869	$	4,574


	2012			2011

Other financial liabilities
Bank indebtedness	$	71		$	36
Long-term debt (including portion due within one year)		361			197
Accounts payable		4,450			3,961

	$	4,882		$	4,194


Derivatives designated as effective hedges, measured at fair value
Foreign currency contracts
Prepaid expenses	$	37		$	21
Other assets		32			15
Other accrued liabilities		(11	)		(31	)
Other long-term liabilities		(9	)		(38	)

		49			(33	)

Natural gas contracts
Prepaid expenses		2			—
Other accrued liabilities		(3	)		(6	)
Other long-term liabilities		(1	)		(3	)

		(2	)		(9	)

	$	47		$	(42	)