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Debt (Tables)
12 Months Ended
Dec. 31, 2016
Debt Disclosure [Abstract]  
Components of Long-term Debt
(in millions of Canadian dollars)
Maturity
Currency
in which
payable
2016

2015

6.500%

10-year Notes (A)
2018-05
U.S.$
$
369

$
380

6.250%

10-year Medium Term Notes (A)
2018-06
CDN$
375

374

7.250%

10-year Notes (A)
2019-05
U.S.$
469

484

9.450%

30-year Debentures (A)
2021-08
U.S.$
336

346

5.100%

10-year Medium Term Notes (A)
2022-01
CDN$
125

125

4.500%

10-year Notes (A)
2022-01
U.S.$
333

343

4.450%

12.5-year Notes (A)
2023-03
U.S.$
469

483

7.125%

30-year Debentures (A)
2031-10
U.S.$
470

484

5.750%

30-year Debentures (A)
2033-03
U.S.$
328

339

5.950%

30-year Notes (A)
2037-05
U.S.$
597

615

6.450%

30-year Notes (A)
2039-11
CDN$
400

400

5.750%

30-year Notes (A)
2042-01
U.S.$
330

340

2.900%

10-year Notes (A)
2025-02
U.S.$
940

968

3.700%

10.5-year Notes (A)
2026-02
U.S.$
335

345

4.800%

30-year Notes (A)
2045-08
U.S.$
736

759

4.800%

20-year Notes (A)
2035-09
U.S.$
401

413

6.125%

100-year Notes (A)
2115-09
U.S.$
1,208

1,246

5.41%

Senior Secured Notes (B)
2024-03
U.S.$
126

138

6.91%

Secured Equipment Notes (C)
2024-10
CDN$
133

145

7.49%

Equipment Trust Certificates (D)
2021-01
U.S.$
56

64

Other long-term loans (nil% – 5.50%)
2016 – 2025
U.S.$/CDN$

10

Obligations under capital leases






(6.313% – 6.99%) (E)
2022 – 2026
U.S.$
163

172



(12.77%) (E)
2031-01
CDN$
3

3




8,702

8,976

Perpetual 4% Consolidated Debenture Stock (F)

U.S.$
41

42

Perpetual 4% Consolidated Debenture Stock (F)

G.B.£
6

7




8,749

9,025

Less: Unamortized fees on long-term debt


65

68




8,684

8,957

Less: Long-term debt maturing within one year


25

30

 

 
 
 
$
8,659

$
8,927

Schedule of Capital Lease Obligations Included in Long-Term Debt
At December 31, 2016, capital lease obligations included in long-term debt were as follows:
(in millions of Canadian dollars)
Year
Capital leases

Minimum lease payments in:
 


2017
$
16


2018
16


2019
16


2020
16


2021
16


Thereafter
152

Total minimum lease payments
 
232

Less: Imputed interest
 
(66
)
Present value of minimum lease payments
 
166

Less: Current portion
 
(4
)
Long-term portion of capital lease obligations
 
$
162