Leases (Tables)

12 Months Ended

Dec. 31, 2019

Leases [Abstract]

Components of Lease Expense

The components of lease expense for the year ended December 31 are as follows:

(in millions of Canadian dollars)	2019
Operating lease cost	$	89
Short-term lease cost	10
Variable lease cost	13
Sublease income	(3		)
Finance Lease Cost
Amortization of right-of use-assets	9
Interest on lease liabilities	11
Total lease costs	$	129

Supplemental Balance Sheet Information

Supplemental balance sheet information related to leases is as follows:

(in millions of Canadian dollars)	Classification	2019
Assets
Operating	Other assets	$	358
Finance	Properties, net book value	177
Liabilities
Current
Operating	Accounts payable and accrued liabilities	69
Finance	Long-term debt maturing within one year	7
Long-term
Operating	Other long-term liabilities	285
Finance	Long-term debt	144

Weighted Average Remaining Lease Terms and Discount Rates

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

	2019
Weighted-Average Remaining Lease Term
Operating leases	7 years
Finance leases	4 years
Weighted-Average Discount Rate
Operating leases	3.45	%
Finance leases	7.07	%

Supplemental Information Related to Leases

Supplemental information related to leases is as follows:

(in millions of Canadian dollars)	2019
Cash paid for amounts included in measurement of lease liabilities
Operating cash outflows from operating leases	$	82
Operating cash outflows from finance leases	10
Financing cash outflows from finance leases	6
Right-of-use assets obtained in exchange for lease liabilities
Operating leases	38
Finance leases	4

Maturities of Lease Liabilities

(in millions of Canadian dollars)	Finance Leases			Operating Leases
2020	$	11		$	80
2021	10			55
2022	108			51
2023	8			39
2024	9			40
Thereafter	21			130
Total lease payments	167			395
Imputed interest	(16		)	(41		)
Present value of lease payments	$	151		$	354