FINANCING EXPENSES

12 Months Ended

Dec. 31, 2019

DEBT AND CREDIT FACILITIES

FINANCING (INCOME) EXPENSES

9. FINANCING EXPENSES

Financing expenses consist of the following:

($ millions)		2019		2018
Interest on debt		825		897
Interest on lease liabilities(1)		172		—
Capitalized interest at 5.3% (2018 – 5.4%)		(122	)	(156	)
	Interest expense	875		741
	Interest on partnership liability	55		56
	Interest on pension and other post-retirement benefits	59		56
	Accretion	270		266
	Foreign exchange (gain) loss on U.S. dollar denominated debt	(624	)	1 090
	Operational foreign exchange and other	(2	)	(67	)
		633		2 142

(1) The company adopted IFRS 16 on January 1, 2019 using the modified retrospective transition approach and, therefore, prior periods have not been restated. Refer to note 5 for further information.