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Employee Future Benefits (Tables)
12 Months Ended
Dec. 31, 2021
Employee Benefits [Abstract]  
Costs Recognized 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, 2021RegisteredSupplementalOtherTotal
Current service cost3 2 1 6 
Administration expenses1   1 
Interest cost on defined benefit obligation12 2  14 
Interest on plan assets(8)  (8)
Curtailment and amendment gain(7)  (7)
Defined benefit expense1 4 1 6 
Defined contribution expense8   8 
Net expense9 4 1 14 
Year ended Dec. 31, 2020RegisteredSupplementalOtherTotal
Current service cost
Administration expenses— — 
Interest cost on defined benefit obligation16 20 
Interest on plan assets(11)(1)— (12)
Curtailment and amendment gain(2)— — (2)
Defined benefit expense15 
Defined contribution expense— — 
Net expense18 24 
Year ended Dec. 31, 2019RegisteredSupplementalOtherTotal
Current service cost10 
Administration expenses— — 
Interest cost on defined benefit obligation19 23 
Interest on plan assets(12)(1)— (13)
Curtailment and amendment gain(3)— — (3)
Defined benefit expense13 19 
Defined contribution expense— — 
Net expense22 28 
The expected employer contributions for 2022 for the defined benefit pension and other post-employment benefit plans are as follows:
 RegisteredSupplementalOtherTotal
Expected employer contributions5 6 2 13 
Defined Benefit Obligation
The status of the defined benefit pension and other post-employment benefit plans is as follows:
Year ended Dec. 31, 2021RegisteredSupplementalOtherTotal
Fair value of plan assets339 14  353 
Present value of defined benefit obligation(469)(101)(23)(593)
Funded status – plan deficit(130)(87)(23)(240)
Amount recognized in the consolidated financial statements:    
Accrued current liabilities(4)(6)(2)(12)
Other long-term liabilities(126)(81)(21)(228)
Total amount recognized(130)(87)(23)(240)

Year ended Dec. 31, 2020RegisteredSupplementalOtherTotal
Fair value of plan assets367 14 — 381 
Present value of defined benefit obligation(542)(109)(24)(675)
Funded status – plan deficit(175)(95)(24)(294)
Amount recognized in the consolidated financial statements:    
Accrued current liabilities(5)(5)(2)(12)
Other long-term liabilities(170)(90)(22)(282)
Total amount recognized(175)(95)(24)(294)
The present value of the obligation for the defined benefit pension and other post-employment benefit plans is as follows:
 RegisteredSupplementalOtherTotal
Present value of defined benefit obligation as at Dec. 31, 2019543 99 22 664 
Current service cost
Interest cost16 20 
Benefits paid(45)(5)(1)(51)
Curtailment(2)— — (2)
Actuarial loss arising from financial assumptions43 10 55 
Actuarial gain arising from experience adjustments(17)— — (17)
Effect of translation on US plans(1)— (1)(2)
Present value of defined benefit obligation as at Dec. 31, 2020542 109 24 675 
Current service cost3 2 1 6 
Interest cost12 2  14 
Benefits paid(54)(5)(1)(60)
Curtailment(7)  (7)
Actuarial gain arising from financial assumptions(26)(7)(1)(34)
Actuarial gain arising from experience adjustments(1)  (1)
Present value of defined benefit obligation as at Dec. 31, 2021469 101 23 593 
Plan Assets The fair value of the plan assets of the defined benefit pension and other post-employment benefit plans is as follows:
 RegisteredSupplementalOtherTotal
As at Dec. 31, 2019373 13 — 386 
Interest on plan assets11 — 12 
Net return on plan assets25 (1)— 24 
Contributions13 
Benefits paid(45)(5)(1)(51)
Administration expenses(1)— — (1)
Effect of translation on US plans(2)— — (2)
As at Dec. 31, 2020367 14 — 381 
Interest on plan assets8   8 
Net return on plan assets14 (1) 13 
Contributions5 6 1 12 
Benefits paid(54)(5)(1)(60)
Administration expenses(1)  (1)
As at Dec. 31, 2021339 14  353 
The fair value of the Company’s defined benefit plan assets by major category is as follows:
Year ended Dec. 31, 2021Level ILevel IILevel IIITotal
Equity securities    
Canadian 29 4 33 
US 20  20 
International47 79  126 
Private  1 1 
Bonds    
AAA 28  28 
AA 54  54 
A 36  36 
BBB1 24  25 
Below BBB 10  10 
Money market and cash and cash equivalents 20  20 
Total48 300 5 353 
Year ended Dec. 31, 2020Level ILevel IILevel IIITotal
Equity securities    
Canadian— 64 — 64 
US— 30 — 30 
International— 103 — 103 
Private— — 
Bonds
AAA— 36 — 36 
AA— 67 — 67 
A— 34 — 34 
BBB22 — 23 
Below BBB— — 
Money market and cash and cash equivalents— 19 — 19 
Total379 381 
Assumptions Assumptions
 
The significant actuarial assumptions used in measuring the Company’s defined benefit obligation for the defined benefit pension and other post-employment benefit plans are as follows:
 As at Dec. 31, 2021As at Dec. 31, 2020
(per cent)RegisteredSupplementalOther RegisteredSupplementalOther
Accrued benefit obligation      
Discount rate2.8 2.8 2.7 2.4 2.3 2.3 
Rate of compensation increase2.9 3.0  2.9 3.0 — 
Assumed health-care cost trend rate   
Health-care cost escalation(1)(3)
  6.8 — — 6.8 
Dental-care cost escalation  4.0 — — 4.0 
Benefit cost for the year   
Discount rate2.4 2.3 2.3 3.0 3.0 3.0 
Rate of compensation increase2.9 3.0  2.9 3.0 — 
Assumed health-care cost trend rate   
Health-care cost escalation(2)(4)
  7.1 — — 7.1 
Dental-care cost escalation  4.0 — — 4.0 
(1) 2021 Post- and pre-65 rates: decreasing gradually to 4.5% by 2029 and remaining at that level thereafter for the US and decreasing gradually by 0.3% per year to 4.5% in 2030 for Canada.
(2) 2021 Post- and pre-65 rates: decreasing gradually to 4.5% by 2029 and remaining at that level thereafter for the US and decreasing gradually by 0.3% per year to 4.5% in 2030 for Canada.
(3) 2020 Post- and pre-65 rates: decreasing gradually to 4.5% by 2029 and remaining at that level thereafter for the US and decreasing gradually by 0.3% per year to 4.5% in 2030 for Canada.
(4) 2020 Post- and pre-65 rates: decreasing gradually to 4.5% by 2029 and remaining at that level thereafter for the US and decreasing gradually by 0.3% per year to 4.5% in 2030 for Canada.
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 plansUS plans
Year ended Dec. 31, 2021Registered  Supplemental  Other PensionOther
1% decrease in the discount rate
61 15 2 3 1 
1% increase in the salary scale
3     
1% increase in the health-care cost trend rate
  2   
10% improvement in mortality rates
20 4  1