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COMPONENTS OF ACCUMULATED OTHER COMPREHENSIVE INCOME/(LOSS)
12 Months Ended
Dec. 31, 2017
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]  
COMPONENTS OF ACCUMULATED OTHER COMPREHENSIVE INCOME/(LOSS)
 COMPONENTS OF ACCUMULATED OTHER COMPREHENSIVE INCOME/(LOSS)
 
Changes in AOCI attributable to our common shareholders for the years ended December 31, 2017, 2016 and 2015 are as follows:
 
 
Cash Flow
Hedges

Net
Investment
Hedges

Cumulative
Translation
Adjustment

Equity
Investees

Pension and
OPEB
Adjustment

Total

(millions of Canadian dollars)
 

 

 

 

 

 

Balance at January 1, 2017
(746
)
(629
)
2,700

37

(304
)
1,058

Other comprehensive income/(loss) retained in AOCI
1

478

(2,623
)
(11
)
18

(2,137
)
Other comprehensive (income)/loss reclassified to earnings
 

 

 

 

 

 

Interest rate contracts1
207





207

Commodity contracts2
(7
)




(7
)
Foreign exchange contracts3
(6
)




(6
)
Other contracts4
(6
)




(6
)
 Amortization of pension and OPEB actuarial loss and prior service costs5




41

41

 
189

478

(2,623
)
(11
)
59

(1,908
)
Tax impact
 

 

 

 

 

 

Income tax on amounts retained in AOCI
(16
)
12


(16
)
(10
)
(30
)
Income tax on amounts reclassified to earnings
(71
)



(22
)
(93
)
 
(87
)
12


(16
)
(32
)
(123
)
Balance at December 31, 2017
(644
)
(139
)
77

10

(277
)
(973
)
 
Cash Flow
Hedges

Net
Investment
Hedges

Cumulative
Translation
Adjustment

Equity
Investees

Pension and
OPEB
Adjustment

Total

(millions of Canadian dollars)
 
 
 
 
 
 
Balance at January 1, 2016
(688
)
(795
)
3,365

37

(287
)
1,632

Other comprehensive income/(loss) retained in AOCI
(216
)
171

(665
)
(5
)
(45
)
(760
)
Other comprehensive (income)/loss reclassified to earnings
 
 
 
 
 
 
Interest rate contracts1
147





147

Commodity contracts2
(11
)




(11
)
Foreign exchange contracts3
1





1

Other contracts4
(18
)




(18
)
 Amortization of pension and OPEB actuarial loss and prior service costs5




21

21

 
(97
)
171

(665
)
(5
)
(24
)
(620
)
Tax impact
 
 
 
 
 
 
Income tax on amounts retained in AOCI
91

(5
)

5

11

102

Income tax on amounts reclassified to earnings
(52
)



(4
)
(56
)
 
39

(5
)

5

7

46

Balance at December 31, 2016
(746
)
(629
)
2,700

37

(304
)
1,058

 
 
Cash Flow
Hedges

Net
Investment
Hedges

Cumulative
Translation
Adjustment

Equity
Investees

Pension and
OPEB
Adjustment

Total

(millions of Canadian dollars)
 
 
 
 
 
 
Balance at January 1, 2015
(488
)
108

309

(5
)
(359
)
(435
)
Other comprehensive income/(loss) retained in AOCI
73

(952
)
3,056

47

65

2,289

Other comprehensive (income)/loss reclassified to earnings
 
 
 
 
 
 
Interest rate contracts1
(34
)




(34
)
Commodity contracts2
(11
)




(11
)
Foreign exchange contracts3
7





7

Other contracts4
26





26

 Amortization of pension and OPEB actuarial loss and prior service costs5




32

32

Other comprehensive income reclassified to earnings of derecognized cash flow hedges
(338
)




(338
)
 
(277
)
(952
)
3,056

47

97

1,971

Tax impact
 
 
 
 
 
 
Income tax on amounts retained in AOCI
(29
)
49


(5
)
(14
)
1

Income tax on amounts reclassified to earnings
15




(11
)
4

Income tax on amounts reclassified to earnings of derecognized cash flow hedges
91





91

 
77

49


(5
)
(25
)
96

Balance at December 31, 2015
(688
)
(795
)
3,365

37

(287
)
1,632

1
Reported within Interest expense in the Consolidated Statements of Earnings.
2
Reported within Commodity costs in the Consolidated Statements of Earnings.
3
Reported within Other income/(expense) in the Consolidated Statements of Earnings.
4
Reported within Operating and administrative expense in the Consolidated Statements of Earnings.
5
These components are included in the computation of net benefit costs and are reported within Operating and administrative expense in the Consolidated Statements of Earnings.