Employee Future Benefits

6 Months Ended

Jun. 30, 2020

EMPLOYEE FUTURE BENEFITS

The Corporation and its subsidiaries each maintain one or a combination of defined benefit pension plans and defined contribution pension plans, including group Registered Retirement Savings Plans and group 401(k) plans, for employees. The Corporation and certain subsidiaries also offer other post-employment benefit ("OPEB") plans for qualifying employees. The net benefit cost is detailed below.


	Defined Benefit Pension Plans			OPEB Plans
($ millions)	2020	2019	2020	2019
Quarter Ended June 30
Components of net benefit cost
Service costs	25	19	8	7
Interest costs	29	32	5	7
Expected return on plan assets	(44)	(40)	(5)	(4)
Amortization of actuarial losses (gains)	9	6	(2)	(1)
Amortization of past service credits/plan amendments	(1)	(1)	—	(2)
Regulatory adjustments	(1)	—	1	1
Net benefit cost	17	16	7	8

Year-to-Date June 30
Components of net benefit cost
Service costs	50	38	16	14
Interest costs	57	63	11	13
Expected return on plan assets	(88)	(80)	(10)	(8)
Amortization of actuarial losses (gains)	17	12	(3)	(2)
Amortization of past service credits/plan amendments	(1)	(1)	(1)	(4)
Regulatory adjustments	(2)	1	2	3
Net benefit cost	33	33	15	16

Defined contribution pension plan expense for the three and six months ended June 30, 2020 was $9 million and $22 million, respectively (three and six months ended June 30, 2019 - $10 million and $22 million, respectively).