Pension and Other Benefits

6 Months Ended

Jun. 30, 2022

Retirement Benefits [Abstract]

Pensions and Other Benefits

Pension and other benefits In the three and six months ended June 30, 2022, the Company made contributions to its defined benefit pension plans of $4 million and $7 million, respectively (three and six months ended June 30, 2021 - $7 million and $11 million, respectively).

Net periodic benefit costs for defined benefit pension plans and other benefits included the following components:        

	For the three months ended June 30
	Pensions				Other benefits
(in millions of Canadian dollars)	2022		2021		2022		2021
Current service cost (benefits earned by employees)	$	37	$	43	$	3	$	3
Other components of net periodic benefit (recovery) cost:
Interest cost on benefit obligation	96		88		4		4
Expected return on fund assets	(239)		(240)		—		—
Recognized net actuarial loss	38		51		—		1
Total other components of net periodic benefit (recovery) cost	(105)		(101)		4		5
Net periodic benefit (recovery) cost	$	(68)	$	(58)	$	7	$	8

	For the six months ended June 30
	Pensions				Other benefits
(in millions of Canadian dollars)	2022		2021		2022		2021
Current service cost (benefits earned by employees)	$	74	$	86	$	5	$	6
Other components of net periodic benefit (recovery) cost:
Interest cost on benefit obligation	192		176		8		8
Expected return on fund assets	(479)		(480)		—		—
Recognized net actuarial loss	76		103		1		2
Total other components of net periodic benefit (recovery) cost	(211)		(201)		9		10
Net periodic benefit (recovery) cost	$	(137)	$	(115)	$	14	$	16