Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2013

Investments All Other Investments [Abstract]

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

At December 31, 2013, 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
2014		206			1.05974		47			1.34745		3,509			0.07128
2014		(656	)		1.03832		(12	)		1.40577		(2	)		0.07678
2015		54			1.04289		12			1.44078		2,174			0.07170
2015		(332	)		1.04592		(1	)		1.42922		0			0
2016		17			1.03766		0			0		510			0.07166
2016		(185	)		1.06735		0			0		0			0
2017		(85	)		1.07747		0			0		0			0
2018		(2	)		1.08040		0			0		0			0

		(983	)				46					6,191


	For euros
Buy (Sell)	U.S. dollar amount			Weighted average rate		GBP amount			Weighted average rate		Czech koruna amount			Weighted average rate
2014		37			0.74048		31			1.14482		2,142			0.03956
2014		(123	)		0.75973		(42	)		1.16896		(8	)		0.03890
2015		6			0.74375		13			1.19170		1,303			0.03945
2015		(80	)		0.75549		(15	)		1.16338		0			0
2016		2			0.73702		0			0		187			0.03904
2016		(34	)		0.75060		(1	)		1.17217		0			0
2017		(16	)		0.73141		0			0		0			0

		(208	)				(14	)				3,624

Schedule of Company's financial assets and liabilities

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


	2013			2012

Held-for-trading
Cash and cash equivalents	$	1,554		$	1,522
Investment in ABCP [note 8]		92			90

	$	1,646		$	1,612


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


Available-for-sale investments
Equity investments	$	4		$	9


Loans and receivables
Accounts receivable	$	5,246		$	4,774
Long-term receivables included in other assets [note 12]		111			95

	$	5,357		$	4,869


Other financial liabilities
Bank indebtedness	$	41		$	71
Long-term debt (including portion due within one year)		332			361
Accounts payable		4,781			4,450

	$	5,154		$	4,882


Derivatives designated as effective hedges, measured at fair value
Foreign currency contracts
Prepaid expenses	$	42		$	37
Other assets		20			32
Other accrued liabilities		(37	)		(11	)
Other long-term liabilities		(28	)		(9	)

		(3	)		49

Natural gas contracts
Prepaid expenses		0			2
Other accrued liabilities		(1	)		(3	)
Other long-term liabilities		0			(1	)

		(1	)		(2	)

	$	(4	)	$	47

Derivative Foreign Currency Contracts at Gross Fair Value and Unrecognized Impacts of Master Netting Arrangements

The following table shows the Company’s derivative foreign currency contracts at gross fair value as reflected in the Consolidated Balance Sheets and the unrecognized impacts of master netting arrangements:


	Gross amounts presented in Consolidated Balance Sheets			Gross amounts not offset in Consolidated Balance Sheets			Net Amounts

December 31, 2013
Assets	$	62		$	42		$	20
Liabilities	$	(65	)	$	(42	)	$	(23	)


December 31, 2012
Assets	$	69		$	20		$	49
Liabilities	$	(20	)	$	(20	)	$	0