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Other Comprehensive Income (Loss) and Accumulated Other Comprehensive Loss (Tables)
 12 Months Ended
Dec. 31, 2016
Equity [Abstract]  
Accumulated Other Comprehensive Loss, Net of Tax
The components of “Accumulated other comprehensive loss”, net of tax, are as follows:
(in millions of Canadian dollars)
2016

2015

Unrealized foreign exchange gain on translation of the net investment in U.S. subsidiaries
$
738

$
870

Unrealized foreign exchange loss on translation of the U.S. dollar-denominated long-term debt designated as a hedge of the net investment in U.S. subsidiaries
(611
)
(741
)
Deferred losses on settled hedge instruments
(3
)
(11
)
Unrealized effective losses on cash flow hedges
(99
)
(89
)
Amounts for defined benefit pension and other post-retirement plans not recognized in income (Note 20)
(1,822
)
(1,504
)
Equity accounted investments
(2
)
(2
)
Accumulated other comprehensive loss
$
(1,799
)
$
(1,477
)
Components of Other Comprehensive (Loss) Income and Related Tax Effects
omponents of Other comprehensive (loss) income and the related tax effects are as follows:
(in millions of Canadian dollars)
Before
tax amount

Income tax
recovery
(expense)

Net of tax
amount

For the year ended December 31, 2016



Unrealized foreign exchange gain (loss) on:



Translation of the net investment in U.S. subsidiaries
$
(132
)
$
—

$
(132
)
Translation of the U.S. dollar-denominated long-term debt designated as a hedge of the net investment in U.S. subsidiaries (Note 17)
150

(20
)
130

Change in derivatives designated as cash flow hedges:



Realized loss on cash flow hedges recognized in income
10

(2
)
8

Unrealized loss on cash flow hedges
(12
)
2

(10
)
Change in pension and other benefits actuarial gains and losses
(422
)
113

(309
)
Change in prior service pension and other benefit costs
(12
)
3

(9
)
Other comprehensive loss
$
(418
)
$
96

$
(322
)
For the year ended December 31, 2015



Unrealized foreign exchange gain (loss) on:



Translation of the net investment in U.S. subsidiaries
$
671

$
—

$
671

Translation of the U.S. dollar-denominated long-term debt designated as a hedge of the net investment in U.S. subsidiaries (Note 17)
(757
)
100

(657
)
Change in derivatives designated as cash flow hedges:



Realized loss on cash flow hedges recognized in income
7

(2
)
5

Unrealized loss on cash flow hedges
(76
)
21

(55
)
Change in pension and other benefits actuarial gains and losses
1,058

(281
)
777

Change in prior service pension and other benefit costs
1

—

1

Other comprehensive income
$
904

$
(162
)
$
742

For the year ended December 31, 2014
 
 
 
Unrealized foreign exchange gain (loss) on:
 
 
 
Translation of the net investment in U.S. subsidiaries
$
287

$
—

$
287

Translation of the U.S. dollar-denominated long-term debt designated as a hedge of the net investment in U.S. subsidiaries (Note 17)
(319
)
42

(277
)
Change in derivatives designated as cash flow hedges:
 
 
 
Realized gain on cash flow hedges recognized in income
(3
)
—

(3
)
Unrealized loss on cash flow hedges
(46
)
12

(34
)
Change in pension and other benefits actuarial gains and losses
(873
)
234

(639
)
Change in prior service pension and other benefit costs
(68
)
18

(50
)
Other comprehensive loss
$
(1,022
)
$
306

$
(716
)
Changes in Accumulated Other Comprehensive Loss (AOCL) by Component
Changes in accumulated other comprehensive loss by component:
(in millions of Canadian dollars)
Foreign currency
net of hedging
activities(1)
Derivatives and
other(1)

Pension and post-
retirement defined
benefit plans(1)

Total(1)

Opening balance, 2016
$
129

$
(102
)
$
(1,504
)
$
(1,477
)
Other comprehensive (loss) income before reclassifications
(2
)
(10
)
(456
)
(468
)
Amounts reclassified from accumulated other comprehensive loss
—

8

138

146

Net current-period other comprehensive income (loss)
(2
)
(2
)
(318
)
(322
)
Closing balance, 2016
$
127

$
(104
)
$
(1,822
)
$
(1,799
)
Opening balance, 2015
$
115

$
(52
)
$
(2,282
)
$
(2,219
)
Other comprehensive income (loss) before reclassifications
14

(55
)
585

544

Amounts reclassified from accumulated other comprehensive loss
—

5

193

198

Net current-period other comprehensive income (loss)
14

(50
)
778

742

Closing balance, 2015
$
129

$
(102
)
$
(1,504
)
$
(1,477
)
(1) Amounts are presented net of tax.
Summary of Amounts in Pension and Post-retirement Defined Benefit Plans Reclassified from Accumulated Other Comprehensive Loss
Amounts in Pension and post-retirement defined benefit plans reclassified from Accumulated other comprehensive loss

2016

2015

Amortization of prior service costs(1)
$
(6
)
$
(5
)
Recognition of net actuarial loss(1)
194

269

Total before income tax
$
188

$
264

Income tax recovery
(50
)
(71
)
Net of income tax
$
138

$
193

(1) Impacts Compensation and benefits on the Consolidated Statements of Income.