Changes in Accumulated other comprehensive income ("AOCI") by component

3 Months Ended

Mar. 31, 2024

Changes in AOCI attributable to controlling shareholders, net of tax, by component are as follows:


	For the three months ended March 31
(in millions of Canadian dollars)	Foreign currency net of hedging activities		Derivatives		Pension and post- retirement defined benefit plans		Equity accounted investments		Total
Opening balance, January 1, 2024	$	837	$	5	$	(1,463)	$	3	$	(618)
Other comprehensive income before reclassifications	685		—		—		—		685
Amounts reclassified from AOCI	—		1		9		—		10
Net other comprehensive income	685		1		9		—		695
Closing balance, March 31, 2024	$	1,522	$	6	$	(1,454)	$	3	$	77
Opening balance, January 1, 2023	$	1,505	$	—	$	(1,410)	$	(4)	$	91
Other comprehensive (loss) income before reclassifications	(27)		—		—		3		(24)
Amounts reclassified from AOCI	—		1		6		—		7
Net other comprehensive (loss) income	(27)		1		6		3		(17)
Closing balance, March 31, 2023	$	1,478	$	1	$	(1,404)	$	(1)	$	74