Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2016

Investments, All Other Investments [Abstract]

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

At December 31, 2016, 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
2017		122			1.32036		23			1.45496		3,500		0.05995
2017		(885	)		0.79352		(15	)		0.68983		—		—
2018		1			1.30509		1			1.44050		1,819		0.05194
2018		(597	)		0.78550		(2	)		0.68689		—		—
2019		—			—		—			—		564		0.04335
2019		(338	)		0.78407		—			—		—		—
2020		(126	)		0.76519		—			—		—		—
2021		(8	)		0.76001		—			—		—		—

		(1,831	)				7					5,883


	For euros
Buy (Sell)	U.S. dollar amount			Weighted average rate		GBP amount			Weighted average rate		Czech koruna amount		Weighted average rate
2017		115			0.90038		5			1.18435		4,084		0.03722
2017		(112	)		1.19637		(28	)		0.84126		—		—
2018		43			0.87976		1			1.17412		2,389		0.03766
2018		(53	)		1.16833		(17	)		0.80446		—		—
2019		24			0.86787		—			—		1,167		0.03777
2019		(24	)		1.15362		(9	)		0.80790		—		—
2020		5			0.86156		—			—		165		0.03802
2020		(2	)		1.17400		(5	)		0.87553		—		—

		(4	)				(53	)				7,805

Schedule of Company's Financial Assets and Liabilities

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


	2016			2015

Trading
Cash and cash equivalents	$	974		$	2,863
Investment in ABCP		60			73
Equity investments		—			4

	$	1,034		$	2,940


Held-to-maturity investments
Severance investments	$	3		$	3


Loans and receivables
Accounts receivable	$	6,165		$	5,439
Long-term receivables included in other assets [note 14]		229			87

	$	6,394		$	5,526


Other financial liabilities
Bank indebtedness	$	8		$	25
Commercial paper		615			—
Long-term debt (including portion due within one year)		2,533			2,538
Accounts payable		5,430			4,746

	$	8,586		$	7,309


Derivatives designated as effective hedges, measured at fair value
Foreign currency contracts
Prepaid expenses and other	$	12		$	27
Other assets		6			4
Other accrued liabilities		(134	)		(191	)
Other long-term liabilities		(61	)		(152	)

	$	(177	)	$	(312	)

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, 2016
Assets	$	18		$	17		$	1
Liabilities	$	(195	)	$	(17	)	$	(178	)


December 31, 2015
Assets	$	31		$	30		$	1
Liabilities	$	(343	)	$	(30	)	$	(313	)