Leases (Tables)

6 Months Ended

Jun. 30, 2019

Leases [Abstract]

Components of Lease Expense

The components of lease expense are as follows:

	For the three months ended June 30			For the six months ended June 30
(in millions of Canadian dollars)	2019			2019
Operating lease cost	$	23		$	45
Short-term lease cost	1			2
Variable lease cost	5			6
Sublease income	(1		)	(1		)
Finance Lease Cost
Amortization of right-of use-assets	3			5
Interest on lease liabilities	2			5
Total lease costs	$	33		$	62

Supplemental Balance Sheet Information

Supplemental balance sheet information related to leases is as follows:

		As at June 30
(in millions of Canadian dollars)	Classification	2019
Assets
Operating	Other assets	$	381
Finance	Properties, net book value	181
Liabilities
Current
Operating	Accounts payable and accrued liabilities	72
Finance	Long-term debt maturing within one year	7
Long-term
Operating	Other long-term liabilities	303
Finance	Long-term debt	148

Weighted Average Remaining Lease Terms and Discount Rates

The following table provides the Company's weighted average remaining lease terms and discount rates:

	As at June 30
(in millions of Canadian dollars)	2019
Weighted Average Remaining Lease Term
Operating leases	8 years
Finance leases	4 years
Weighted Average Discount Rate
Operating leases	3.50	%
Finance leases	7.03	%

Supplemental Information Related to Leases

Supplemental information related to leases is as follows:

	For the three months ended June 30		For the six months ended June 30
(in millions of Canadian dollars)	2019		2019
Cash paid for amounts included in measurement of lease liabilities
Operating cash outflows from operating leases	$	18	$	46
Operating cash outflows from finance leases	2		5
Financing cash outflows from finance leases	1		2
Right-of-use assets obtained in exchange for lease liabilities
Operating leases	$	14	$	23
Finance leases	4		4

Maturities of Operating and Finance Lease Liabilities

Maturities of lease liabilities are as follows:

	As at June 30, 2019
(in millions of Canadian dollars)	Finance Leases		Operating Leases
2019	$	5	$	50
2020	11		72
2021	9		55
2022	109		47
2023	9		48
Thereafter	30		149
Total lease payments	$	173	$	421
Less: Imputed interest	18		46
Present value of lease payments	$	155	$	375