v3.26.1
INTERIM CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - CAD ($)
shares in Millions, $ in Millions
Total
Total shareholders’ equity
Share capital
Additional paid-in capital
Accumulated other comprehensive income (loss)
Retained earnings
Non-controlling interest
Beginning balance (shares) at Dec. 31, 2024     933.5        
Beginning balance at Dec. 31, 2024 $ 48,890 $ 47,892 $ 25,689 $ 94 $ 2,680 $ 19,429 $ 998
Increase (Decrease) in Equity [Roll Forward]              
Net income 2,143 2,144       2,144 (1)
Contribution from non-controlling interest 1           1
Other comprehensive income (loss) (1,784) (1,729)     (1,729)   (55)
Dividends declared (387) (387)       (387)  
Effect of stock-based compensation expense 20 20   20      
Common Shares repurchased (in shares)     (16.4)        
Common Shares repurchased (1,773) (1,773) $ (450)     (1,323)  
Shares issued under stock option plan (shares)     0.8        
Common Shares issued under stock option plan 37 37 $ 46 (9)      
Ending balance (shares) at Jun. 30, 2025     917.9        
Ending balance at Jun. 30, 2025 47,147 46,204 $ 25,285 105 951 19,863 943
Beginning balance (shares) at Mar. 31, 2025     930.4        
Beginning balance at Mar. 31, 2025 49,243 48,246 $ 25,603 107 2,653 19,883 997
Increase (Decrease) in Equity [Roll Forward]              
Net income 1,234 1,234       1,234  
Other comprehensive income (loss) (1,756) (1,702)     (1,702)   (54)
Dividends declared (210) (210)       (210)  
Effect of stock-based compensation expense 4 4   4      
Common Shares repurchased (in shares)     (13.1)        
Common Shares repurchased (1,398) (1,398) $ (354)     (1,044)  
Shares issued under stock option plan (shares)     0.6        
Common Shares issued under stock option plan 30 30 $ 36 (6)      
Ending balance (shares) at Jun. 30, 2025     917.9        
Ending balance at Jun. 30, 2025 47,147 46,204 $ 25,285 105 951 19,863 943
Beginning balance (shares) at Dec. 31, 2025     897.6        
Beginning balance at Dec. 31, 2025 46,825 45,877 $ 24,751 105 1,238 19,783 948
Increase (Decrease) in Equity [Roll Forward]              
Net income 1,869 1,870       1,870 (1)
Other comprehensive income (loss) 1,220 1,186     1,186   34
Dividends declared (440) (440)       (440)  
Effect of stock-based compensation expense 22 22   22      
Common Shares repurchased (in shares)     (16.4)        
Common Shares repurchased (1,944) (1,944) $ (458)     (1,486)  
Shares issued under stock option plan (shares)     0.8        
Common Shares issued under stock option plan 55 55 $ 67 (12)      
Ending balance (shares) at Jun. 30, 2026     882.0        
Ending balance at Jun. 30, 2026 47,607 46,626 $ 24,360 115 2,424 19,727 981
Beginning balance (shares) at Mar. 31, 2026     892.6        
Beginning balance at Mar. 31, 2026 47,416 46,453 $ 24,623 118 1,775 19,937 963
Increase (Decrease) in Equity [Roll Forward]              
Net income 1,024 1,024       1,024  
Other comprehensive income (loss) 667 649     649   18
Dividends declared (236) (236)       (236)  
Effect of stock-based compensation expense 3 3   3      
Common Shares repurchased (in shares)     (11.0)        
Common Shares repurchased (1,298) (1,298) $ (300)     (998)  
Shares issued under stock option plan (shares)     0.4        
Common Shares issued under stock option plan 31 31 $ 37 (6)      
Ending balance (shares) at Jun. 30, 2026     882.0        
Ending balance at Jun. 30, 2026 $ 47,607 $ 46,626 $ 24,360 $ 115 $ 2,424 $ 19,727 $ 981