v3.25.4
Consolidated statements of changes in equity - CAD ($)
$ in Millions
Total
Total
Shares issued
Preferred shares
Shares issued
Common shares
Contri- buted surplus
Publicly-traded and privately-held invest-ments
Derivatives designated as cash-flow hedges
Cumulative translation adjust- ment
Deficit
Non- controlling interest
Beginning balance at Dec. 31, 2023 $ 20,557 $ 20,229 $ 3,667 $ 20,859 $ 1,258 $ 419 [1] $ (461) [1]   $ (5,513) $ 328
Net earnings 375 344             344 31
Other comprehensive income (loss) 488 485       239 [1] (337) [1]   583 3
Total comprehensive income (loss) 863 829       239 [1] (337) [1]   927 34
Other share-based compensation (54) (54)   1 (22)       (33)  
Repurchase of preferred shares (92) (92) (134)   42          
Dividends declared on BCE common and preferred shares (3,827) (3,827)             (3,827)  
Dividends declared by subsidiaries to non- controlling interest (68)                 (68)
Settlement of cash flow hedges transferred to the cost basis of hedged items (19) (19)         (19) [1]      
Acquisition of minority interest 0 5             5 (5)
Ending balance at Dec. 31, 2024 17,360 17,071 3,533 20,860 1,278 658 [1] (817) [1] $ 0 (8,441) 289
Net earnings 6,514 6,460             6,460 54
Other comprehensive income (loss) 1,382 1,384       253 538 (37) 630 (2)
Total comprehensive income (loss) 7,896 7,844       253 538 (37) 7,090 52
Common shares issued under dividend reinvestment plan 633 633   633            
Other share-based compensation (19) (19)     (33)       14  
Repurchase of preferred shares (182) (182) (245)   63          
Dividends declared on BCE common and preferred shares (2,305) (2,305)             (2,305)  
Dividends declared by subsidiaries to non- controlling interest (51)                 (51)
Settlement of cash flow hedges transferred to the cost basis of hedged items (22) (22)         (22)      
Ending balance at Dec. 31, 2025 $ 23,310 $ 23,020 $ 3,288 $ 21,493 $ 1,308 $ 911 $ (301) $ (37) $ (3,642) $ 290
[1] We have presented amounts from the previous period to make them consistent with the presentation for the current period.