Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2014

Investments, All Other Investments [Abstract]

Foreign Exchange Forward Contracts Representing Commitments to Buy and Sell Various Foreign Currencies

At December 31, 2014, 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
2015		235			1.10195		42			1.47805		4,390			0.07221
2015		(617	)		0.92552		(15	)		0.69344		(123	)		13.47236
2016		30			1.07317		23			1.48303		2,766			0.07135
2016		(370	)		0.91253		—			—		—			—
2017		2			1.09970		—			—		911			0.06884
2017		(226	)		0.89597		—			—		—			—
2018		(76	)		0.87961		—			—		—			—
2019		(39	)		0.87043		—			—		—			—

		(1,061	)				50					7,944


	For euros
Buy (Sell)	U.S. dollar amount			Weighted average rate		GBP amount			Weighted average rate		Czech koruna amount		Weighted average rate
2015		85			0.76616		13			1.19170		2,571		0.03800
2015		(152	)		1.31120		(15	)		0.85706		—		—
2016		24			0.76905		—			—		1,609		0.03698
2016		(81	)		1.30607		(13	)		0.80758		—		—
2017		3			0.78725		—			—		755		0.03656
2017		(43	)		1.33328		(9	)		0.81324		—		—
2018		(12	)		1.31030		(1	)		0.81930		—		—

		(176	)				(25	)				4,935

Schedule of Company's Financial Assets and Liabilities

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


	2014			2013
Trading
Cash and cash equivalents	$	1,253		$	1,554
Investment in ABCP [note 8]		88			92

	$	1,341		$	1,646

Held-to-maturity investments
Severance investments	$	4		$	5

Available-for-sale investments
Equity investments	$	5		$	4

Loans and receivables
Accounts receivable	$	5,635		$	5,246
Long-term receivables included in other assets [note 12]		87			111

	$	5,722		$	5,357

Other financial liabilities
Bank indebtedness	$	33		$	41
Long-term debt (including portion due within one year)		995			332
Accounts payable		5,105			4,781

	$	6,133		$	5,154

Derivatives designated as effective hedges, measured at fair value
Foreign currency contracts
Prepaid expenses and other	$	22		$	42
Other assets		8			20
Other accrued liabilities		(93	)		(37	)
Other long-term liabilities		(82	)		(28	)

		(145	)		(3	)
Commodity contracts
Other accrued liabilities		(1	)		(1	)

	$	(146	)	$	(4	)

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, 2014
Assets	$	30		$	28		$	2
Liabilities	$	(174	)	$	(28	)	$	(146	)
December 31, 2013
Assets	$	62		$	42		$	20
Liabilities	$	(65	)	$	(42	)	$	(23	)