text: In June 2012, we issued Cdn$1.1 billion senior notes for total net 
  proceeds of approximately Cdn$1,091 million, after deducting the 
  original issue discount and debt issuance costs, with the proceeds used 
  to repay outstanding advances under our bank credit facility and for 
  general corporate purposes. The notes 
  the 
  following: 
  (cid:129) Cdn$500 million of 3.0% senior notes due 2017 (the*June 2017*
  
  **RATIO OF DEBT TO ADJUSTED OPERATING PROFIT**
  
  **2013**
  issued consisted of 
  
  2012 
  
  *Notes*) 
  2011 
  (cid:129) Cdn$600 million of 4.0% senior notes due 2022 (the*June 2022*
  *Notes*). 
  
  *Accounts Receivable Securitization*
  We received funding of $650 million under our accounts receivable 
  securitization program during 2013. We have committed funding under 
  the program up to a maximum of $900 million. We continue to service 
  and retain substantially all of the risks and rewards relating to the 
  accounts receivable we sold, and therefore, the receivables remain 
  recognized on our statement of financial position and the funding 
  received is recorded as short-term borrowings on our statement of 
  financial position. 