v3.24.0.1
Intangible assets and goodwill (Tables)
12 Months Ended
Dec. 31, 2023
Disclosure of detailed information about intangible assets [abstract]  
Schedule of Intangible assets and goodwill
Intangible assets subject to amortization
(millions)NoteCustomer
relationships
Crowdsource assetsSoftwareBrand and other Total
intangible
assets
GoodwillTotal
intangible
assets and
goodwill
At cost
As at January 1, 2022$1,182 $120 $57 $37 $1,396 $1,380 $2,776 
Additions— — 12 — 12 — 12 
Additions from acquisition— — — — — 9 9 
Dispositions and other— — (11)— (11)— (11)
Foreign exchange(31)— (1)(2)(34)(39)(73)
As at December 31, 2022$1,151 $120 $57 $35 $1,363 $1,350 $2,713 
Additions— — 14 — 14 — 14 
Additions from acquisition14(c)602 — — 92 694 599 1,293 
Dispositions and other— — (9)(25)(34)— (34)
Foreign exchange16 — 1 2 19 14 33 
As at December 31, 2023$1,769 $120 $63 $104 $2,056 $1,963 $4,019 
Accumulated amortization
As at January 1, 2022$173 $15 $31 $19 $238 $— $238 
Amortization96 15 13 10 134 — 134 
Dispositions and other— — (11)— (11)— (11)
Foreign exchange(5)— — (1)(6)— (6)
As at December 31, 2022$264 $30 $33 $28 $355 $— $355 
Amortization138 15 9 21 183 — 183 
Dispositions and other— — (9)(25)(34)— (34)
Foreign exchange5 — — 1 6 — 6 
As at December 31, 2023$407 $45 $33 $25 $510 $— $510 
Net book value
As at December 31, 2022$887 $90 $24 $7 $1,008 $1,350 $2,358 
As at December 31, 2023$1,362 $75 $30 $79 $1,546 $1,963 $3,509 
Schedule of acquisition costs
Acquisition-date fair values assigned to the assets acquired and liabilities assumed are set out in the following table:
(millions)WillowTreeOtherTotal
Assets
Current assets
Cash$5 $— $5 
Accounts receivable
62 1 63 
Prepaid and other assets3 — 3 
70 1 71 
Non-current assets
Property, plant and equipment
Owned assets15 — 15 
Right-of-use lease assets19 — 19 
Intangible assets subject to amortization(1)
692 2 694 
726 2 728 
Total identifiable assets acquired796 3 799 
Liabilities
Current liabilities
Accounts payable and accrued liabilities
43 — 43 
Income and other taxes payable1 — 1 
Current maturities of long-term debt91 1 92 
135 1 136 
Non-current liabilities
Long-term debt16 — 16 
Deferred income taxes69 — 69 
85 — 85 
Total liabilities assumed220 1 221 
Net identifiable assets acquired576 2 578 
Goodwill
599 — 599 
Net assets acquired$1,175 $2 $1,177 
Acquisition effected by way of:
— 
Cash$856 $1 $857 
Provisions(2)
194 1 195 
Subordinate voting shares(3)
125 — 125 
$1,175 $2 $1,177 
______________________________________________
(1)Customer relationships are generally expected to be amortized over a period of 15 years; brand and other intangible assets recognized are expected to be amortized over a period of three to 10 years.
(2)Provisions recognized in the WillowTree acquisition were in connection with the written put options granted to certain members of the WillowTree management team.
(3)The fair value of TELUS International subordinate voting shares was measured based upon market prices observed at the date of acquisition of control