Pension and Other Benefits

9 Months Ended

Sep. 30, 2022

Retirement Benefits [Abstract]

Pensions and Other Benefits

Pension and other benefits In the three and nine months ended September 30, 2022, the Company made contributions to its defined benefit pension plans of $5 million and $12 million, respectively (three and nine months ended September 30, 2021 - $4 million and $15 million, respectively).

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

	For the three months ended September 30
	Pensions				Other benefits
(in millions of Canadian dollars)	2022		2021		2022		2021
Current service cost (benefits earned by employees)	$	37	$	42	$	3	$	4
Other components of net periodic benefit (recovery) cost:
Interest cost on benefit obligation	95		88		4		4
Expected return on fund assets	(240)		(240)		—		—
Recognized net actuarial loss	39		52		—		1
Total other components of net periodic benefit (recovery) cost	(106)		(100)		4		5
Net periodic benefit (recovery) cost	$	(69)	$	(58)	$	7	$	9

	For the nine months ended September 30
	Pensions				Other benefits
(in millions of Canadian dollars)	2022		2021		2022		2021
Current service cost (benefits earned by employees)	$	111	$	128	$	8	$	10
Other components of net periodic benefit (recovery) cost:
Interest cost on benefit obligation	287		264		12		12
Expected return on fund assets	(719)		(720)		—		—
Recognized net actuarial loss	115		155		1		3
Total other components of net periodic benefit (recovery) cost	(317)		(301)		13		15
Net periodic benefit (recovery) cost	$	(206)	$	(173)	$	21	$	25