Employee Future Benefits (Tables)

12 Months Ended

Dec. 31, 2019

The costs recognized in net earnings during the year on the defined benefit, defined contribution and other post-employment benefits plans are as follows:


Year ended Dec. 31, 2019	Registered	Supplemental	Other	Total
Current service cost	7	2	1	10
Administration expenses	2	—	—	2
Interest cost on defined benefit obligation	19	3	1	23
Interest on plan assets	(12)	(1)	—	(13)
Curtailment and amendment gain	(3)	—	—	(3)
Defined benefit expense	13	4	2	19
Defined contribution expense	9	—	—	9
Net expense	22	4	2	28

Year ended Dec. 31, 2018	Registered	Supplemental	Other	Total
Current service cost	9	2	1	12
Administration expenses	1	—	—	1
Interest cost on defined benefit obligation	18	3	1	22
Interest on plan assets	(13)	—	—	(13)
Defined benefit expense	15	5	2	22
Defined contribution expense	10	—	—	10
Net expense	25	5	2	32


Year ended Dec. 31, 2017	Registered	Supplemental	Other	Total
Current service cost	7	2	1	10
Administration expenses	2	—	—	2
Interest cost on defined benefit obligation	20	3	1	24
Interest on plan assets	(15)	—	—	(15)

Defined benefit expense	14	5	2	21
Defined contribution expense	11	—	—	11
Net expense	25	5	2	32

The expected employer contributions for 2020 for the defined benefit pension and other post-employment benefit plans are as follows:


	Registered	Supplemental	Other	Total
Expected employer contributions	4	5	1	10

Defined Benefit Obligation

The status of the defined benefit pension and other post-employment benefit plans is as follows:


As at Dec. 31, 2019	Registered	Supplemental	Other	Total
Fair value of plan assets	373	13	—	386
Present value of defined benefit obligation	(543)	(99)	(22)	(664)
Funded status – plan deficit	(170)	(86)	(22)	(278)
Amount recognized in the consolidated financial statements:
Accrued current liabilities	(3)	(5)	(2)	(10)
Other long-term liabilities	(167)	(81)	(20)	(268)
Total amount recognized	(170)	(86)	(22)	(278)

As at Dec. 31, 2018	Registered	Supplemental	Other	Total
Fair value of plan assets	368	13	—	381
Present value of defined benefit obligation	(514)	(80)	(25)	(619)
Funded status – plan deficit	(146)	(67)	(25)	(238)
Amount recognized in the consolidated financial statements:
Accrued current liabilities	(5)	(5)	(1)	(11)
Other long-term liabilities	(141)	(62)	(24)	(227)
Total amount recognized	(146)	(67)	(25)	(238)

The present value of the obligation for the defined benefit pension and other post-employment benefit plans is as follows:


	Registered	Supplemental	Other	Total
Present value of defined benefit obligation as at Dec. 31, 2017	561	87	27	675
Current service cost	9	2	1	12
Interest cost	18	3	1	22
Benefits paid	(42)	(5)	(1)	(48)
Actuarial gain arising from demographic assumptions	—	—	—	—
Actuarial loss arising from financial assumptions	(35)	(7)	(2)	(44)
Actuarial gain (loss) arising from experience adjustments	—	—	(1)	(1)
Effect of translation on US plans	3	—	—	3
Present value of defined benefit obligation as at Dec. 31, 2018	514	80	25	619
Current service cost	7	2	1	10
Interest cost	19	3	1	23
Benefits paid	(51)	(4)	(1)	(56)
Curtailment	(3)	—	—	(3)
Actuarial loss arising from demographic assumptions	—	—	(2)	(2)
Actuarial (gain) loss arising from financial assumptions	57	9	2	68
Actuarial (gain) loss arising from experience adjustments	2	9	(4)	7
Effect of translation on US plans	(2)	—	—	(2)
Present value of defined benefit obligation as at Dec. 31, 2019	543	99	22	664

Plan Assets

The fair value of the plan assets of the defined benefit pension and other post-employment benefit plans is as follows:


	Registered	Supplemental	Other	Total
As at Dec. 31, 2017	416	12	—	428
Interest on plan assets	13	—	—	13
Net return on plan assets	(25)	—	—	(25)
Contributions	5	6	1	12
Benefits paid	(42)	(5)	(1)	(48)
Administration expenses	(1)	—	—	(1)
Effect of translation on US plans	2	—	—	2
As at Dec. 31, 2018	368	13	—	381
Interest on plan assets	12	1	—	13
Net return on plan assets	40	—	—	40
Contributions	6	4	1	11
Benefits paid	(50)	(5)	(1)	(56)
Administration expenses	(2)	—	—	(2)
Effect of translation on US plans	(1)	—	—	(1)
As at Dec. 31, 2019	373	13	—	386

The fair value of the Corporation’s defined benefit plan assets by major category is as follows:


Year ended Dec. 31, 2019	Level I	Level II	Level III	Total
Equity securities
Canadian	—	66	—	66
US	—	28	—	28
International	—	102	—	102
Private	—	—	1	1
Bonds
AAA	—	40	—	40
AA	—	68	—	68
A	—	37	—	37
BBB	1	21	—	22
Below BBB	—	3	—	3
Money market and cash and cash equivalents	—	19	—	19
Total	1	384	1	386


Year ended Dec. 31, 2018	Level I	Level II	Level III	Total
Equity securities
Canadian	—	65	—	65
US	—	26	—	26
International	—	101	—	101
Private	—	—	1	1
Bonds
AAA	—	48	—	48
AA	—	64	—	64
A	—	39	—	39
BBB	1	21	—	22
Below BBB	—	3	—	3
Money market and cash and cash equivalents	(2)	14	—	12
Total	(1)	381	1	381

Schedule of Estimated Increase In The Net Defined Benefit Obligation Assuming Certain Changes In Key Assumptions

The following table outlines the estimated increase in the net defined benefit obligation assuming certain changes in key assumptions:


	Canadian plans					US plans
Year ended Dec. 31, 2019	Registered	Supplemental	Other	Pension	Other
1% decrease in the discount rate	84	15	2	3	1
1% increase in the salary scale	14	—	—	—	—
1% increase in the health-care cost trend rate	—	—	2	—	—
10% improvement in mortality rates	22	3	—	1	—