v3.25.4
LONG-TERM DEBT - Long-Term Debt Activity (Details)
$ in Millions, $ in Millions
1 Months Ended 12 Months Ended
Jun. 30, 2025
CAD ($)
Feb. 28, 2025
CAD ($)
Feb. 29, 2024
CAD ($)
Dec. 31, 2025
CAD ($)
Dec. 31, 2025
USD ($)
Dec. 31, 2024
CAD ($)
Dec. 31, 2024
USD ($)
Dec. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
Disclosure of detailed information about borrowings [line items]                  
Proceeds on issuance of long-term debt   $ 4,000              
Net repayment of long-term debt       $ (3,478)   $ (1,103)      
Long-term debt, beginning of year       41,896   40,855      
Discount on principal amount of senior notes repurchased in connection with tender offer       (504)   0      
Increase in government grant liability related to Canada Infrastructure Bank facility       (43)   (39)      
Long-term debt assumed through the MLSE Transaction       298   0      
(Gain) loss on foreign exchange       (1,272)   2,094      
Deferred transaction costs derecognized (incurred)       31   (52)      
Amortization of deferred transaction costs       130   141      
Long-term debt, end of year       37,058   41,896      
Current       1,186   3,696      
Long-term debt       35,872   38,200      
Bank credit facilities                  
Disclosure of detailed information about borrowings [line items]                  
Proceeds on issuance of long-term debt       2,027   64      
Repayment of long-term debt       (1,833)   0      
Net repayment of long-term debt       194   64      
Bank credit facilities (Cdn$ portion)                  
Disclosure of detailed information about borrowings [line items]                  
Proceeds on issuance of long-term debt       216   64      
Repayment of long-term debt       (30)          
Bank Credit Facilities, US Portion                  
Disclosure of detailed information about borrowings [line items]                  
Proceeds on issuance of long-term debt       $ 1,811 $ 1,325 $ 0 $ 0    
Exchange rate on proceeds from non-current borrowings       1.367 1.367 0 0    
Repayment of long-term debt       $ (1,803) $ (1,325) $ 0 $ 0    
Exchange rate on repayments of non-current borrowings       1.361 1.361 0 0    
Senior notes                  
Disclosure of detailed information about borrowings [line items]                  
Proceeds on issuance of long-term debt       $ 0   $ 3,367      
Repayment of long-term debt       (6,723)   (1,100)      
Net repayment of long-term debt       (6,723)   2,267      
Senior Notes, Canadian Portion                  
Disclosure of detailed information about borrowings [line items]                  
Repayment of long-term debt       (2,397)   (1,100)      
Senior Notes, US Portion | United States of America, Dollars                  
Disclosure of detailed information about borrowings [line items]                  
Proceeds on issuance of long-term debt       $ 0   $ 3,367      
Exchange rate on proceeds from non-current borrowings       0 0 1.347 1.347    
Repayment of long-term debt       $ (4,326) $ (3,112) $ 0 $ 0    
Exchange rate on repayments of non-current borrowings       1.390 1.390 0 0    
Principal amount               $ 0 $ 2,500
Subordinated Notes Issued                  
Disclosure of detailed information about borrowings [line items]                  
Proceeds on issuance of long-term debt       $ 4,007   $ 0      
Subordinated Notes, Canadian Portion                  
Disclosure of detailed information about borrowings [line items]                  
Proceeds on issuance of long-term debt       1,000          
Repayment of long-term debt           0      
Subordinated Notes, US Portion                  
Disclosure of detailed information about borrowings [line items]                  
Proceeds on issuance of long-term debt       $ 3,007   $ 0      
Exchange rate on proceeds from non-current borrowings       1.432 1.432 0 0    
Principal amount               $ 2,100 $ 0
Unsecured Non-Revolving Credit Facility                  
Disclosure of detailed information about borrowings [line items]                  
Proceeds on issuance of long-term debt       $ 134          
Term Loan Facilities, US Portion                  
Disclosure of detailed information about borrowings [line items]                  
Proceeds on issuance of long-term debt       6 $ 1 $ 18 $ 8    
Repayment of long-term debt       $ (962) $ (697) $ (3,452) $ (2,553)    
Exchange rate on repayments of non-current borrowings       1.380 1.380 1.352 1.352    
Term Loan Facilities                  
Disclosure of detailed information about borrowings [line items]                  
Repayment of long-term debt $ (1,000)   $ (3,400)            
Net repayment of long-term debt       $ (956)   $ (3,434)