LEASES (Tables)

3 Months Ended

Mar. 31, 2019

Leases [Abstract]

Assets and Liabilities, Lessee

Supplemental Statements of Financial Position Information

	March 31, 2019		January 1, 2019
(millions of Canadian dollars, except lease term and discount rate)
Operating leases
Operating lease right-of-use assets, net1	745		771
Operating lease liabilities - current2	67		86
Operating lease liabilities - long-term3	757		770
Total operating lease liabilities	824		856
Weighted average remaining lease term
Operating leases	14 years		14 years
Weighted average discount rate
Operating leases	4.3	%	4.3	%

1 Right-of-use assets are reported under Deferred amounts and other assets in the Consolidated Statements of Financial Position.

2 Current lease liabilities are reported under Accounts payable and other in the Consolidated Statements of Financial Position.

3 Long-term lease liabilities are reported under Other long-term liabilities in the Consolidated Statements of Financial Position.

Lessee, Operating Lease, Liability, Maturity

As at March 31, 2019, we have operating lease commitments as detailed below:

	Operating leases
(millions of Canadian dollars)
20191	83
2020	116
2021	94
2022	89
2023	79
Thereafter	663
Total undiscounted lease payments	1,124
Less imputed interest	(300	)
Total operating lease commitments	824

1 For the nine months remaining in the 2019 fiscal year.

Operating Lease, Lease Income

	Three months ended March 31, 2019
(millions of Canadian dollars)
Operating lease income	64
Variable lease income	100
Total lease income	164

Lessor, Operating Lease, Payments to be Received, Maturity

The following table sets out future minimum lease payments expected to be received under lease contracts where we are the lessor:

	Operating leases
(millions of Canadian dollars)
20191	192
2020	216
2021	189
2022	186
2023	178
Thereafter	2,395
Total undiscounted lease payments	3,356

1

For the nine months remaining in the 2019 fiscal year.