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Other Liabilities And Provisions
12 Months Ended
Dec. 31, 2017
Other Liabilities And Provisions [Abstract]  
Other Liabilities And Provisions

13.Other Liabilities and Provisions





 

 

 

 

 

As at December 31

 

2017 

 

 

2016 



 

 

 

 

 

The Bow Office Building

$

1,344 

 

$

1,266 

Capital Lease Obligations

 

295 

 

 

304 

Unrecognized Tax Benefits (See Note 6)

 

202 

 

 

193 

Pensions and Other Post-Employment Benefits

 

116 

 

 

124 

Long-Term Incentive Costs (See Note 19)

 

175 

 

 

120 

Other Derivative Contracts (See Notes 21, 22)

 

14 

 

 

14 

Other

 

21 

 

 

26 



$

2,167 

 

$

2,047 





The Bow Office Building



As described in Note 8, Encana has recognized the accumulated costs for The Bow office building, which is under a 25-year lease agreement. At the conclusion of the lease term, the remaining asset and corresponding liability are expected to be derecognized. Encana has also subleased approximately 50 percent of The Bow office space under the lease agreement. The total expected future principal and interest payments related to the 25-year lease agreement and the total undiscounted future amounts expected to be recovered from the sublease are outlined below. 





 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

2018 

 

2019 

 

2020 

 

2021 

 

2022 

 

Thereafter

 

 

Total

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Expected Future Lease Payments

$

76 

$

77 

$

77 

$

78 

$

78 

$

1,295 

 

$

1,681 

 

Less: Amounts Representing Interest

 

65 

 

65 

 

63 

 

63 

 

62 

 

802 

 

 

1,120 

 

Present Value of Expected Future

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Lease Payments

$

11 

$

12 

$

14 

$

15 

$

16 

$

493 

 

$

561 

 

Sublease Recoveries (undiscounted)

$

(37)

$

(38)

$

(38)

$

(38)

$

(39)

$

(636)

 

$

(826)

 





Capital Lease Obligations



As described in Note 8, the Company has several lease arrangements that are accounted for as capital leases including an office building and the Deep Panuke offshore Production Field Centre (“PFC”). Variable interests related to the PFC are described in Note 17.







The total expected future lease payments related to the Company’s capital lease obligations are outlined below.







 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

2018 

 

2019 

 

2020 

 

2021 

 

2022 

 

Thereafter

 

 

Total

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Expected Future Lease Payments

$

99 

$

99 

$

99 

$

87 

$

8 

$

38 

 

$

430 

 

Less: Amounts Representing Interest

 

20 

 

15 

 

10 

 

4 

 

2 

 

5 

 

 

56 

 

Present Value of Expected Future

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Lease Payments

$

79 

$

84 

$

89 

$

83 

$

6 

$

33 

 

$

374