v3.25.4
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - CAD ($)
shares in Millions, $ in Millions
Total
Common shares
Common shares in Share Trusts
Additional paid-in capital
Accumulated other comprehensive loss
Retained earnings
Shareholders' equity, beginning balance (in shares) at Dec. 31, 2022   671.0 1.4      
Shareholders' equity, beginning balance at Dec. 31, 2022 $ 21,384 $ 3,613 $ (170) $ 381 $ (1,969) $ 19,529
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 5,625         5,625
Stock options exercised (in shares)   0.5        
Stock options exercised 49 $ 56   (7)    
Settlement of equity settled awards (in shares)   0.5 (0.5)      
Settlement of equity settled awards (55)   $ 54 (77)   (32)
Stock-based compensation and other $ 74     76   (2)
Repurchase of common shares (in shares) (29.1) (29.1)        
Repurchase of common shares $ (4,551) $ (157)       (4,394)
Share purchases by Share Trusts (in shares)   (0.2) 0.2      
Share purchases by Share Trusts (28)   $ (28)      
Other comprehensive (loss) income (310)       (310)  
Dividends $ (2,071)         (2,071)
Shareholders' equity, ending balance (in shares) at Dec. 31, 2023 643.8 642.7 1.1      
Shareholders' equity, ending balance at Dec. 31, 2023 $ 20,117 $ 3,512 $ (144) 373 (2,279) 18,655
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 4,448         4,448
Stock options exercised (in shares)   0.4        
Stock options exercised 41 $ 47   (6)    
Settlement of equity settled awards (in shares)   0.5 (0.5)      
Settlement of equity settled awards (57)   $ 65 (80)   (42)
Stock-based compensation and other $ 82     85   (3)
Repurchase of common shares (in shares) (15.4) (15.4)        
Repurchase of common shares $ (2,651) $ (85)       (2,566)
Share purchases by Share Trusts (in shares)   (0.3) 0.3      
Share purchases by Share Trusts (50)   $ (50)      
Other comprehensive (loss) income 1,259       1,259  
Dividends $ (2,138)         (2,138)
Shareholders' equity, ending balance (in shares) at Dec. 31, 2024 628.8 627.9 0.9      
Shareholders' equity, ending balance at Dec. 31, 2024 $ 21,051 $ 3,474 $ (129) 372 (1,020) 18,354
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 4,720         4,720
Stock options exercised (in shares)   0.5        
Stock options exercised 56 $ 63   (7)    
Settlement of equity settled awards (in shares)   0.2 (0.2)      
Settlement of equity settled awards (14)   $ 33 (68)   21
Stock-based compensation and other $ 113     118   (5)
Repurchase of common shares (in shares) (14.9) (14.9)        
Repurchase of common shares $ (2,047) $ (83)       (1,964)
Share purchases by Share Trusts (in shares)   (0.4) 0.4      
Share purchases by Share Trusts (56)   $ (56)      
Other comprehensive (loss) income (47)       (47)  
Dividends $ (2,208)         (2,208)
Shareholders' equity, ending balance (in shares) at Dec. 31, 2025 614.4 613.3 1.1      
Shareholders' equity, ending balance at Dec. 31, 2025 $ 21,568 $ 3,454 $ (152) $ 415 $ (1,067) $ 18,918