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Foreign Exchange (Gain) Loss, Net
 12 Months Ended
Dec. 31, 2017
Foreign Currency [Abstract]  
Foreign Exchange (Gain) Loss, Net

5.Foreign Exchange (Gain) Loss, Net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the years ended December 31

 

 2017 

 

 

 2016 

 

 2015 



 

 

 

 

 

 

 

Unrealized Foreign Exchange (Gain) Loss on:

 

 

 

 

 

 

 

Translation of U.S. dollar financing debt issued from Canada

$

 (243)

 

$

 (130)

$

 754 

Translation of U.S. dollar risk management contracts issued from Canada

 

 (44)

 

 

 4 

 

 (67)

Translation of intercompany notes

 

 (4)

 

 

 (14)

 

 -



 

 (291)

 

 

 (140)

 

 687 

Foreign Exchange on Settlements of:

 

 

 

 

 

 

 

U.S. dollar financing debt issued from Canada

 

 14 

 

 

 (73)

 

 269 

U.S. dollar risk management contracts issued from Canada

 

 (15)

 

 

 -

 

 -

Intercompany notes

 

 10 

 

 

 5 

 

 89 

Other Monetary Revaluations

 

 3 

 

 

 (2)

 

 37 



$

 (279)

 

$

 (210)

$

 1,082 





The unrealized foreign exchange (gain) loss on translation of U.S. dollar financing debt issued from Canada for the year ended December 31, 2017 disclosed in the table above includes an out-of-period adjustment in respect of unrealized losses on a foreign-denominated capital lease obligation since December 2013. The cumulative impact recognized within foreign exchange (gain) loss in the Company’s Consolidated Statement of Earnings for the year ended December 31, 2017 was $68 million, before tax ($47 million, after tax). Encana has determined that the adjustment is not material to the Consolidated Financial Statements for the year ended December 31, 2017 or any prior periods. Accordingly, comparative periods presented in the Consolidated Financial Statements have not been restated.