XML 44 R125.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
FINANCIAL INSTRUMENTS AND RISK MANAGEMENT - Risk Management (Details)
$ in Millions, $ in Millions
12 Months Ended
Dec. 31, 2019
CAD ($)
Dec. 31, 2018
CAD ($)
Dec. 31, 2017
CAD ($)
Dec. 31, 2019
USD ($)
$ / bbl
Dec. 31, 2019
CAD ($)
$ / bbl
Risk Management Strategy Related to Hedge Accounting          
Forward starting swaps   $ 1,384     $ 1,643
Weighted average interest rate on total debt   5.40%   5.30% 5.30%
Cash and cash equivalents   $ 2,221 $ 2,672   $ 1,960
Total credit facilities         8,328
Total unutilized credit facilities         $ 889
Commodity Price Risk          
Risk Management Strategy Related to Hedge Accounting          
Increase in price per barrel of crude oil | $ / bbl       10 10
Decrease in pre tax earnings for the company's outstanding derivative financial instruments $ 46 39      
Foreign Currency Exchange Risk          
Risk Management Strategy Related to Hedge Accounting          
Strengthening in the Cdn$ relative to the US$ 1.00%        
Gains (losses) on change in value of foreign currency basis spreads, net of tax $ 146   $ 167    
Liquidity Risk          
Risk Management Strategy Related to Hedge Accounting          
Cash and cash equivalents         $ 2,000
Total credit facilities         8,300
Total unutilized credit facilities         $ 4,900
Unused capacity under a Canadian debt shelf prospectus       $ 2,250  
Unused capacity under Canadian and U.S. universal shelf prospectus       $ 3,000  
Variable interest rates | Interest Rate Risk          
Risk Management Strategy Related to Hedge Accounting          
Increase in interest rates 1.00%        
Increase (decrease) in pre-tax earnings from increase in interest rates $ (2) $ (10)      
Proportion of floating interest rate exposure 12.00%   18.60%    
Weighted average | Fixed interest rates | Interest Rate Risk          
Risk Management Strategy Related to Hedge Accounting          
Weighted average interest rate on total debt   5.40%   5.60% 5.60%