Long-term debt (Tables)

12 Months Ended

Dec. 31, 2022

Disclosure of detailed information about borrowings [abstract]


As at December 31 (millions)	Note	2022		2021
Credit facility	(b)	$	742	$	941
Deferred debt transaction costs		(14)		(8)
		728		933
Lease liabilities	(c)	236		215
Long-term debt		$	964	$	1,148
Current		$	83	$	328
Non-current		881		820
Long-term debt		$	964	$	1,148


	2022						2021
As at December 31 (millions)	Revolving component		Term loan component(1)		Total		Revolving component		Term loan component(1)		Total
Available(2)	$	658	$	600	$	1,258	$	716	N/A		$	716
Outstanding
Due to TELUS Corporation	$	10	43		53		16		71		87
Due to Other	132		557		689		118		736		854
	$	142	$	600	$	742	$	134	$	807	$	941
Total	$	800	$	1,200	$	2,000	$	850	$	807	$	1,657

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(1)In the fourth quarter of 2022, our interest rate swap derivative that converted our interest rate from floating rate to fixed rate 2.64% (2021 - 2.64%) plus applicable margins matured.

(2)Of the amounts available at December 31, 2022, $525 million of the revolving components and $600 million of the term loan components had a condition precedent of consummating the WillowTree acquisition, which occurred on January 3, 2023 (see Note 14(c)—Intangible assets and goodwill—Business acquisition subsequent to reporting period - WillowTree).

Schedule of long-term debt maturities

Anticipated requirements to meet long-term debt repayments, calculated upon such long-term debts owing as at
December 31, 2022, are as follows:


Composite long-term debt denominated in	U.S dollars						European euros		Other currencies
Years ending December 31 (millions)	Long-term debt, excluding leases		Leases		Total		Leases		Leases		Total
2023	$	23	$	19	$	42	$	13	$	28	$	83
2024	30		11		41		12		21		74
2025	30		12		42		12		14		68
2026	30		13		43		8		12		63
2027	30		10		40		6		5		51
Thereafter	599		8		607		29		3		639
Future cash outflows in respect of composite long-term debt principal repayments	742		73		815		80		83		978
Future cash outflows in respect of associated interest and like carrying costs(1)	230		23		253		12		13		278
Undiscounted contractual maturities	$	972	$	96	$	1,068	$	92	$	96	$	1,256

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(1)Future cash outflows in respect of associated interest and carrying costs for amounts drawn under our credit facilities (if any) have been calculated based upon the rates in effect at December 31, 2022.