COMPONENTS OF ACCUMULATED OTHER COMPREHENSIVE INCOME

6 Months Ended

Jun. 30, 2019

Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]

COMPONENTS OF ACCUMULATED OTHER COMPREHENSIVE INCOME

COMPONENTS OF ACCUMULATED OTHER COMPREHENSIVE INCOME

Changes in Accumulated Other Comprehensive Income (AOCI) attributable to our common shareholders for the six months ended June 30, 2019 and 2018 are as follows:

	Cash Flow  Hedges		Net Investment Hedges		Cumulative Translation Adjustment		Equity Investees		Pension and OPEB Adjustment		Total
(millions of Canadian dollars)
Balance as at January 1, 2019	(770	)	(598	)	4,323		34		(317	)	2,672
Other comprehensive income/(loss) retained in AOCI	(618	)	252		(2,508	)	22		—		(2,852	)
Other comprehensive (income)/loss reclassified to earnings
Interest rate contracts1	72		—		—		—		—		72
Foreign exchange contracts3	2		—		—		—		—		2
Other contracts4	(3	)	—		—		—		—		(3	)
Amortization of pension and OPEB actuarial loss and prior service costs5	—		—		—		—		57		57
	(547	)	252		(2,508	)	22		57		(2,724	)
Tax impact
Income tax on amounts retained in AOCI	196		(31	)	—		(5	)	—		160
Income tax on amounts reclassified to earnings	(25	)	—		—		—		(14	)	(39	)
	171		(31	)	—		(5	)	(14	)	121
Other	—		—		—		—		55		55
Balance as at June 30, 2019	(1,146	)	(377	)	1,815		51		(219	)	124

	Cash Flow Hedges		Net Investment Hedges		Cumulative Translation Adjustment	Equity Investees	Pension and OPEB Adjustment		Total
(millions of Canadian dollars)
Balance as at January 1, 2018	(644	)	(139	)	77	10	(277	)	(973	)
Other comprehensive income/(loss) retained in AOCI	100		(328	)	2,354	3	—		2,129
Other comprehensive (income)/loss reclassified to earnings
Interest rate contracts1	67		—		—	—	—		67
Commodity contracts2	(1	)	—		—	—	—		(1	)
Foreign exchange contracts3	5		—		—	—	—		5
Other contracts4	3		—		—	—	—		3
Amortization of pension and OPEB actuarial loss and prior service costs5	—		—		—	—	31		31
	174		(328	)	2,354	3	31		2,234
Tax impact
Income tax on amounts retained in AOCI	(13	)	45		—	10	—		42
Income tax on amounts reclassified to earnings	(18	)	—		—	—	(8	)	(26	)
	(31	)	45		—	10	(8	)	16
Balance as at June 30, 2018	(501	)	(422	)	2,431	23	(254	)	1,277

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 periodic benefit costs and are reported within Other income/(expense) in the Consolidated Statements of Earnings.