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Acquisition Of Canadian Oil Sands Limited (Tables) - COS
12 Months Ended
Dec. 31, 2017
Disclosure of detailed information about business combination [line items]  
Purchase Price Consideration

                                                                                                                                                                                    


Number of COS common shares tendered (millions)

 

353.3

 


Multiplied by share exchange ratio

 

0.28

 


Number of Suncor common shares issued (millions)

 

98.9

 


Share price on acquisition date

 

$
31.88

 


Fair value of consideration ($ millions)

 

3 154

 


 

Purchase Price Allocation

The purchase price allocation was based on management's best estimates of fair values of COS' assets and liabilities as at February 5, 2016.

 

                                                                                                                                                                                    

($ millions)

 

 

 

 


Cash

 

109

 

 


Accounts receivable

 

231

 

 


Inventory

 

135

 

 


Other assets

 

105

 

 


Property, plant and equipment

 

9 476

 

 


Exploration and evaluation

 

602

 

 


Total assets acquired

 

10 658

 

 


Accounts payable and other liabilities

 

(375

)

 


Long-term debt

 

(2 639

)

 


Employee future benefits

 

(323

)

 


Decommissioning provision

 

(1 169

)

 


Deferred income taxes

 

(1 826

)

 


Total liabilities assumed

 

(6 332

)

 


Net assets of COS

 

4 326

 

 


Non-controlling interest

 

(1 172

)

 


Net assets acquired

 

3 154

 

 


 

Fair value of debt acquired

                                                                                                                                                                                    

($ millions)

 

February 5,
2016

 


Fixed-term debt, redeemable at the option of the company

 

 

 


 

7.75% Notes, due 2019 (US$500)

 

755

 


 

7.90% Notes, due 2021 (US$250)

 

389

 


 

4.50% Notes, due 2022 (US$400)

 

515

 


 

8.20% Notes, due 2027 (US$74)

 

114

 


 

6.00% Notes, due 2042 (US$300)

 

316

 


Total Notes

 

2 089

 


Credit facility

 

550

 


Total long-term debt

 

2 639