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CONDENSED CONSOLIDATING FINANCIAL INFORMATION
 6 Months Ended
Jun. 30, 2019
Condensed Financial Information Disclosure [Abstract]  
CONDENSED CONSOLIDATING FINACIAL INFORMATION CONDENSED CONSOLIDATING FINANCIAL INFORMATION

On January 22, 2019, Enbridge entered into supplemental indentures with its wholly-owned subsidiaries, the Partnerships, pursuant to which Enbridge fully and unconditionally guaranteed, on a senior unsecured basis, the payment obligations of the Partnerships with respect to the outstanding series of notes issued under the respective indentures of the Partnerships. Concurrently, the Partnerships entered into a subsidiary guarantee agreement pursuant to which they guaranteed, on a senior unsecured basis, the outstanding series of senior notes of Enbridge. As a result of the guarantees, holders of any of the outstanding guaranteed notes of the Partnerships are in the same position with respect to the net assets, income and cash flows of Enbridge as holders of Enbridge's outstanding guaranteed notes, and vice versa. Other than the Partnerships, Enbridge subsidiaries (including the subsidiaries of the Partnerships, collectively, the Subsidiary Non-Guarantors), are not parties to the subsidiary guarantee agreement and have not otherwise guaranteed any of Enbridge's outstanding series of senior notes.

Consenting SEP notes and EEP notes under Guarantee
SEP Notes1
EEP Notes2
Floating Rate Senior Notes due 2020
5.200% Notes due 2020
4.600% Senior Notes due 2021
4.375% Notes due 2020
4.750% Senior Notes due 2024
4.200% Notes due 2021
3.500% Senior Notes due 2025
5.875% Notes due 2025
3.375% Senior Notes due 2026
5.950% Notes due 2033
5.950% Senior Notes due 2043
6.300% Notes due 2034
4.500% Senior Notes due 2045
7.500% Notes due 2038
 
5.500% Notes due 2040
 
7.375% Notes due 2045
1
As at June 30, 2019, the aggregate outstanding principal amount of SEP notes was approximately US$3.9 billion.
2
As at June 30, 2019, the aggregate outstanding principal amount of EEP notes was approximately US$4.0 billion.

Enbridge Notes under Guarantees
USD Denominated1
CAD Denominated2
Senior Floating Rate Notes due 2020
4.770% Senior Notes due 2019
Senior Floating Rate Notes due 2020
4.530% Senior Notes due 2020
2.900% Senior Notes due 2022
4.850% Senior Notes due 2020
4.000% Senior Notes due 2023
4.260% Senior Notes due 2021
3.500% Senior Notes due 2024
3.160% Senior Notes due 2021
4.250% Senior Notes due 2026
4.850% Senior Notes due 2022
3.700% Senior Notes due 2027
3.190% Senior Notes due 2022
4.500% Senior Notes due 2044
3.940% Senior Notes due 2023
5.500% Senior Notes due 2046
3.940% Senior Notes due 2023
 
3.950% Senior Notes due 2024
 
3.200% Senior Notes due 2027
 
6.100% Senior Notes due 2028
 
7.220% Senior Notes due 2030
 
7.200% Senior Notes due 2032
 
5.570% Senior Notes due 2035
 
5.750% Senior Notes due 2039
 
5.120% Senior Notes due 2040
 
4.240% Senior Notes due 2042
 
4.570% Senior Notes due 2044
 
4.870% Senior Notes due 2044
 
4.560% Senior Notes due 2064
1
As at June 30, 2019, the aggregate outstanding principal amount of the Enbridge United States dollar denominated notes was approximately US$5.9 billion.
2
As at June 30, 2019, the aggregate outstanding principal amount of the Enbridge Canadian dollar denominated notes was approximately $7.0 billion.

In accordance with Rule 3-10 of the SEC's Regulation S-X, which provides an exemption from the reporting requirements of the Securities Exchange Act of 1934 for subsidiary issuers of guaranteed securities and subsidiary guarantors, in lieu of filing separate financial statements for each of the Partnerships, we have included the accompanying condensed consolidating financial information with separate columns representing the following:

1.
Enbridge Inc., the Parent Issuer and Guarantor;
2.
SEP, a Subsidiary Issuer and Guarantor;
3.
EEP, a Subsidiary Issuer and Guarantor;
4.
Subsidiary Non-Guarantors, as defined herein;
5.
Consolidating and elimination entries required to consolidate the Parent Issuer and Guarantor and its subsidiaries, including the Subsidiary Issuers and Guarantors, and
6.
Enbridge Inc. and subsidiaries on a consolidated basis.

For the purposes of the condensed consolidating financial information only, investments in subsidiaries are accounted for under the equity method. In addition, the Condensed Consolidating Statements of Cash Flows present the intercompany loan and distribution activity, as well as cash collection and payments made on behalf of our subsidiaries, as cash activities. These intercompany investments and related activities eliminate on consolidation and are presented separately only for the purpose of the accompanying Condensed Consolidating Statements.
Condensed Consolidating Statements of Earnings and Comprehensive Income for the three months ended June 30, 2019
 
Parent Issuer and Guarantor
Subsidiary Issuer and Guarantor - SEP
Subsidiary Issuer and Guarantor - EEP
Subsidiary Non-Guarantors
Consolidating and elimination adjustments
 Consolidated - Enbridge
(millions of Canadian dollars)
 
 
 
 
 
 
Operating revenues
 
 
 
 
 
 
Commodity sales
—

—

—

8,416

—

8,416

Gas distribution sales
—

—

—

755

—

755

Transportation and other services
—

—

—

4,092

—

4,092

Total operating revenues
—

—

—

13,263

—

13,263

Operating Expenses
 
 
 
 
 
 
Commodity costs
—

—

—

8,129

—

8,129

Gas distribution costs
—

—

—

312

—

312

Operating and administrative
69

1

(2
)
1,627

—

1,695

Depreciation and amortization
18

—

—

824

—

842

Total operating expenses
87

1

(2
)
10,892

—

10,978

Operating income/(loss)
(87
)
(1
)
2

2,371

—

2,285

Income from equity investments
8

31

—

380

(6
)
413

Equity earnings from consolidated subsidiaries
1,624

344

251

473

(2,692
)
—

Other
 
 
 
 
 
 
Net foreign currency gain
256

—

—

27

(143
)
140

Other, including other income from affiliates
464

1

53

112

(565
)
65

Interest expense
(322
)
(84
)
(136
)
(690
)
595

(637
)
Earnings before income taxes
1,943

291

170

2,673

(2,811
)
2,266

Income tax (expense)/recovery
(111
)
12

—

(443
)
106

(436
)
Earnings
1,832

303

170

2,230

(2,705
)
1,830

Earnings attributable to noncontrolling interests and redeemable noncontrolling interests
—

—

—

—

2

2

Earnings attributable to controlling interests
1,832

303

170

2,230

(2,703
)
1,832

Preference share dividends
(96
)
—

—

—

—

(96
)
Earnings attributable to common shareholders
1,736

303

170

2,230

(2,703
)
1,736

Earnings
1,832

303

170

2,230

(2,705
)
1,830

Total other comprehensive income/(loss)
(1,325
)
(28
)
14

(148
)
113

(1,374
)
Comprehensive income
507

275

184

2,082

(2,592
)
456

Comprehensive loss attributable to noncontrolling interests
—

—

—

—

51

51

Comprehensive income attributable to controlling interests
507

275

184

2,082

(2,541
)
507





Condensed Consolidating Statements of Earnings and Comprehensive Income for the three months ended June 30, 2018
 
Parent Issuer and Guarantor
Subsidiary Issuer and Guarantor - SEP
Subsidiary Issuer and Guarantor - EEP
Subsidiary Non-Guarantors
Consolidating and elimination adjustments
 Consolidated - Enbridge
(millions of Canadian dollars)
 
 
 
 
 
 
Operating revenues
 
 
 
 
 
 
Commodity sales
—

—

—

6,451

—

6,451

Gas distribution sales
—

—

—

856

—

856

Transportation and other services
—

—

—

3,438

—

3,438

Total operating revenues
—

—

—

10,745

—

10,745

Operating Expenses
 
 
 
 
 
 
Commodity costs
—

—

—

6,278

—

6,278

Gas distribution costs
—

—

—

421

—

421

Operating and administrative
33

3

5

1,595

—

1,636

Depreciation and amortization
15

—

—

814

—

829

Impairment of long-lived assets
—

—

—

10

—

10

Total operating expenses
48

3

5

9,118

—

9,174

Operating income/(loss)
(48
)
(3
)
(5
)
1,627

—

1,571

Income from equity investments
59

36

—

323

(55
)
363

Equity earnings from consolidated subsidiaries
1,287

529

229

615

(2,660
)
—

Other
 
 
 
 
 
 
Net foreign currency gain/(loss)
(171
)
2

—

65

61

(43
)
Other, including other income/(expense) from affiliates
272

1

35

(3
)
(276
)
29

Interest expense
(286
)
(72
)
(137
)
(477
)
282

(690
)
Earnings before income taxes
1,113

493

122

2,150

(2,648
)
1,230

Income tax recovery
47

—

—

41

9

97

Earnings
1,160

493

122

2,191

(2,639
)
1,327

Earnings attributable to noncontrolling interests and redeemable noncontrolling interests
—

—

—

—

(167
)
(167
)
Earnings attributable to controlling interests
1,160

493

122

2,191

(2,806
)
1,160

Preference share dividends
(89
)
—

—

—

—

(89
)
Earnings attributable to common shareholders
1,071

493

122

2,191

(2,806
)
1,071

Earnings
1,160

493

122

2,191

(2,639
)
1,327

Total other comprehensive income
948

11

6

162

(49
)
1,078

Comprehensive income
2,108

504

128

2,353

(2,688
)
2,405

Comprehensive income attributable to noncontrolling interests
—

—

—

—

(297
)
(297
)
Comprehensive income attributable to controlling interests
2,108

504

128

2,353

(2,985
)
2,108



Condensed Consolidating Statements of Earnings and Comprehensive Income for the six months ended June 30, 2019
 
Parent Issuer and Guarantor
Subsidiary Issuer and Guarantor - SEP
Subsidiary Issuer and Guarantor - EEP
Subsidiary Non-Guarantors
Consolidating and elimination adjustments
 Consolidated - Enbridge
(millions of Canadian dollars)
 
 
 
 
 
 
Operating revenues
 
 
 
 
 
 
Commodity sales
—

—

—

15,048

—

15,048

Gas distribution sales
—

—

—

2,631

—

2,631

Transportation and other services
—

—

—

8,440

—

8,440

Total operating revenues
—

—

—

26,119

—

26,119

Operating Expenses
 
 
 
 
 
 
Commodity costs
—

—

—

14,694

—

14,694

Gas distribution costs
—

—

—

1,519

—

1,519

Operating and administrative
35

3

(1
)
3,283

—

3,320

Depreciation and amortization
33

—

—

1,649

—

1,682

Total operating expenses
68

3

(1
)
21,145

—

21,215

Operating income/(loss)
(68
)
(3
)
1

4,974

—

4,904

Income from equity investments
67

62

—

762

(65
)
826

Equity earnings from consolidated subsidiaries
2,398

742

514

966

(4,620
)
—

Other
 
 
 
 
 
 
Net foreign currency gain/(loss)
1,477

—

—

(76
)
(1,047
)
354

Other, including other income from affiliates
794

1

94

235

(1,013
)
111

Interest expense
(630
)
(178
)
(294
)
(1,273
)
1,053

(1,322
)
Earnings before income taxes
4,038

624

315

5,588

(5,692
)
4,873

Income tax (expense)/recovery
(220
)
27


(1,039
)
212

(1,020
)
Earnings
3,818

651

315

4,549

(5,480
)
3,853

Earnings attributable to noncontrolling interests and redeemable noncontrolling interests
—

—

—

—

(35
)
(35
)
Earnings attributable to controlling interests
3,818

651

315

4,549

(5,515
)
3,818

Preference share dividends
(191
)
—

—

—

—

(191
)
Earnings attributable to common shareholders
3,627

651

315

4,549

(5,515
)
3,627

Earnings
3,818

651

315

4,549

(5,480
)
3,853

Total other comprehensive income/(loss)
(2,603
)
(44
)
29

(868
)
784

(2,702
)
Comprehensive income
1,215

607

344

3,681

(4,696
)
1,151

Comprehensive loss attributable to noncontrolling interests
—

—

—

—

64

64

Comprehensive income attributable to controlling interests
1,215

607

344

3,681

(4,632
)
1,215


Condensed Consolidating Statements of Earnings and Comprehensive Income for the six months ended June 30, 2018
 
Parent Issuer and Guarantor
Subsidiary Issuer and Guarantor - SEP
Subsidiary Issuer and Guarantor - EEP
Subsidiary Non-Guarantors
Consolidating and elimination adjustments
 Consolidated - Enbridge
(millions of Canadian dollars)
 
 
 
 
 
 
Operating revenues
 
 
 
 
 
 
Commodity sales
—

—

—

13,719

—

13,719

Gas distribution sales
—

—

—

2,782

—

2,782

Transportation and other services
—

—

—

6,970

—

6,970

Total operating revenues
—

—

—

23,471

—

23,471

Operating Expenses
 
 
 
 
 
 
Commodity costs
—

—

—

13,275

—

13,275

Gas distribution costs
—

—

—

1,745

—

1,745

Operating and administrative
100

4

9

3,164

—

3,277

Depreciation and amortization
29

—

—

1,624

—

1,653

   Impairment of long lived assets
—

—

—

1,072

—

1,072

Total operating expenses
129

4

9

20,880

—

21,022

Operating income/(loss)
(129
)
(4
)
(9
)
2,591

—

2,449

Income from equity investments
76

70

—

623

(71
)
698

Equity earnings from consolidated subsidiaries
1,994

1,080

432

1,223

(4,729
)
—

Other
 
 
 
 
 
 
Net foreign currency gain/(loss)
(370
)
4

—

7

131

(228
)
Other, including other income from affiliates
518

2

65

36

(527
)
94

Interest expense
(529
)
(144
)
(273
)
(956
)
556

(1,346
)
Earnings before income taxes
1,560

1,008

215

3,524

(4,640
)
1,667

Income tax recovery
134

—

—

18

18

170

Earnings
1,694

1,008

215

3,542

(4,622
)
1,837

Earnings attributable to noncontrolling interests and redeemable noncontrolling interests
—

—

—

—

(143
)
(143
)
Earnings attributable to controlling interests
1,694

1,008

215

3,542

(4,765
)
1,694

Preference share dividends
(178
)
—

—

—

—

(178
)
Earnings attributable to common shareholders
1,516

1,008

215

3,542

(4,765
)
1,516

Earnings
1,694

1,008

215

3,542

(4,622
)
1,837

Total other comprehensive income
2,250

30

14

415

(158
)
2,551

Comprehensive income
3,944

1,038

229

3,957

(4,780
)
4,388

Comprehensive loss attributable to noncontrolling interests
—

—

—

—

(444
)
(444
)
Comprehensive income attributable to controlling interests
3,944

1,038

229

3,957

(5,224
)
3,944





Condensed Consolidating Statements of Financial Position as at June 30, 2019
 
Parent Issuer and Guarantor
Subsidiary Issuer and Guarantor - SEP
Subsidiary Issuer and Guarantor - EEP
Subsidiary Non-Guarantors
Consolidating and elimination adjustments
 Consolidated - Enbridge
(millions of Canadian dollars)
 
 
 
 
 
 
Assets
 
 
 
 
 
 
Current assets
 
 
 
 
 
 
Cash and cash equivalents
—

14

27

667

—

708

Restricted cash
9

—

—

50

—

59

Accounts receivable and other
153

2

2

6,100

—

6,257

Accounts receivable from affiliates
786

—

13

334

(1,048
)
85

Short-term loans receivable from affiliates
3,417

—

4,523

6,225

(14,165
)
—

Inventory
—

—

—

1,284

—

1,284

 
4,365

16

4,565

14,660

(15,213
)
8,393

Property, plant and equipment, net
161

—

—

93,041

—

93,202

Long-term loans receivable from affiliates
38,335

73

2,418

25,830

(66,656
)
—

Investments in subsidiaries
78,955

19,932

6,009

14,762

(119,658
)
—

Long-term investments
1,735

927

—

14,517

(648
)
16,531

Restricted long-term investments
—

—

—

389

—

389

Deferred amounts and other assets
1,384

—

4

9,421

(1,257
)
9,552

Intangible assets, net
227

—

—

1,988

—

2,215

Goodwill
—

—

—

33,342

—

33,342

Deferred income taxes
672

—

—

532

—

1,204

Total assets
125,834

20,948

12,996

208,482

(203,432
)
164,828

 
 
 
 
 
 
 
Liabilities and equity
 
 
 
 
 
 
Current liabilities
 
 
 
 
 
 
Short-term borrowings
—

—

—

916

—

916

Accounts payable and other
718

52

5

6,240

141

7,156

Accounts payable to affiliates
1,158

819

524

(1,427
)
(1,048
)
26

Interest payable
273

53

68

232

—

626

Short-term loans payable to affiliates
430

3,113

2,681

7,941

(14,165
)
—

Current portion of long-term debt
2,466

522

653

1,003

—

4,644

 
5,045

4,559

3,931

14,905

(15,072
)
13,368

Long-term debt
23,545

4,465

4,467

27,540

—

60,017

Other long-term liabilities
2,063

20

21

8,024

(1,257
)
8,871

Long-term loans payable to affiliates
25,776

—

1,437

39,443

(66,656
)
—

Deferred income taxes
—

282

—

5,120

4,365

9,767

 
56,429

9,326

9,856

95,032

(78,620
)
92,023

Equity
 
 
 
 
 
 
Controlling interests1
69,405

11,622

3,140

113,450

(128,263
)
69,354

Noncontrolling interests
—

—

—

—

3,451

3,451

 
69,405

11,622

3,140

113,450

(124,812
)
72,805

Total liabilities and equity
125,834

20,948

12,996

208,482

(203,432
)
164,828

1 Equity attributable to controlling interests for parent issuer and guarantor excludes reciprocal shareholding balance included within consolidating and elimination adjustments.








Condensed Consolidating Statements of Financial Position as at December 31, 2018
 
Parent Issuer and Guarantor
Subsidiary Issuer and Guarantor - SEP
Subsidiary Issuer and Guarantor - EEP
Subsidiary Non-Guarantors
Consolidating and elimination adjustments
 Consolidated - Enbridge
(millions of Canadian dollars)
 
 
 
 
 
 
Assets
 
 
 
 
 
 
Current assets
 
 
 
 
 
 
Cash and cash equivalents
—

16

—

502

—

518

Restricted cash
9

—

—

110

—

119

Accounts receivable and other
283

15

8

6,211

—

6,517

Accounts receivable from affiliates
726

—

13

(142
)
(518
)
79

Short-term loans receivable from affiliates
3,943

—

3,689

653

(8,285
)
—

Inventory
—

—

—

1,339

—

1,339

 
4,961

31

3,710

8,673

(8,803
)
8,572

Property, plant and equipment, net
140

—

—

94,400

—

94,540

Long-term loans receivable from affiliates
10,318

73

2,539

1,344

(14,274
)
—

Investments in subsidiaries
78,474

19,777

6,363

15,567

(120,181
)
—

Long-term investments
4,561

987

—

14,841

(3,682
)
16,707

Restricted long-term investments
—

—

—

323

—

323

Deferred amounts and other assets
1,700

9

17

8,558

(1,726
)
8,558

Intangible assets, net
234

—

—

2,138

—

2,372

Goodwill
—

—

—

34,459

—

34,459

Deferred income taxes
817

—

—

229

328

1,374

Total assets
101,205

20,877

12,629

180,532

(148,338
)
166,905

 
 
 
 
 
 
 
Liabilities and equity
 
 
 
 
 
 
Current liabilities
 
 
 
 
 
 
Short-term borrowings
—

—

—

1,024

—

1,024

Accounts payable and other
2,742

7

34

7,086

(6
)
9,863

Accounts payable to affiliates
946

233

56

(677
)
(518
)
40

Interest payable
283

56

105

225

—

669

Short-term loans payable to affiliates
426

682

—

7,177

(8,285
)
—

Current portion of long-term debt
1,853

—

683

723

—

3,259

 
6,250

978

878

15,558

(8,809
)
14,855

Long-term debt
22,893

7,276

6,943

23,215

—

60,327

Other long-term liabilities
2,428

2

30

8,100

(1,726
)
8,834

Long-term loans payable to affiliates
76

—

1,502

12,696

(14,274
)
—

Deferred income taxes
—

331

—

13,523

(4,400
)
9,454

 
31,647

8,587

9,353

73,092

(29,209
)
93,470

Equity
 
 
 
 
 
 
Controlling interests1
69,558

12,290

3,276

107,440

(123,094
)
69,470

Noncontrolling interests
—

—

—

—

3,965

3,965

 
69,558

12,290

3,276

107,440

(119,129
)
73,435

Total liabilities and equity
101,205

20,877

12,629

180,532

(148,338
)
166,905

1 Equity attributable to controlling interests for parent issuer and guarantor excludes reciprocal shareholding balance included within consolidating and elimination adjustments.







Condensed Consolidating Statements of Cash Flows for the six months ended June 30, 2019
 
Parent Issuer and Guarantor
Subsidiary Issuer and Guarantor - SEP
Subsidiary Issuer and Guarantor - EEP
Subsidiary Non-Guarantors
Consolidating and elimination adjustments
 Consolidated - Enbridge
(millions of Canadian dollars)
 
 
 
 
 
 
Net cash provided by operating activities
560

551

252

4,723

(1,416
)
4,670

Investing activities
 
 
 
 
 
 
Capital expenditures
(31
)
—

—

(2,754
)
—

(2,785
)
Long-term investments and restricted long-term investments
(8
)
(4
)
—

(688
)
—

(700
)
Distributions from equity investments in excess of cumulative earnings
—

17

564

251

(564
)
268

Additions to intangible assets
(36
)
—

—

(64
)
—

(100
)
Affiliate loans, net
—

—

—

(140
)
—

(140
)
Contributions to subsidiaries
(2,336
)
—

(3
)
—

2,339

—

Return of share capital from subsidiary companies
4,921

—

—

—

(4,921
)
—

Advances to affiliates
(32,520
)
—

(1,407
)
(41,213
)
75,140

—

Repayment of advances to affiliates
4,748

—

422

9,930

(15,100
)
—

Net cash (used in)/provided by investing activities
(25,262
)
13

(424
)
(34,678
)
56,894

(3,457
)
Financing activities
 
 
 
 
 
 
Net change in short-term borrowings
—

—

—

(108
)
—

(108
)
Net change in commercial paper and credit facility draws
2,827

(2,017
)
(1,017
)
4,222

—

4,015

Debenture and term note issues, net of issue costs
—

—

—

1,195

—

1,195

Debenture and term note repayments
(1,050
)
—

(1,189
)
(345
)
—

(2,584
)
Contributions from noncontrolling interests
—

—

—

—

9

9

Distributions to noncontrolling interests
—

—

—

—

(100
)
(100
)
Contributions from redeemable noncontrolling interests
—

—

—

—

—

—

Distributions to redeemable noncontrolling interests
—

—

—

—

—

—

Contributions from parents
—

—

—

2,339

(2,339
)
—

Distributions to parents
—

(1,014
)
(328
)
(5,650
)
6,992

—

Redemption of preferred shares
—

—

—

(300
)
—

(300
)
Common shares issued
18

—

—

—

—

18

Preference share dividends
(191
)
—

—

—

—

(191
)
Common share dividends
(2,976
)
—

—

—

—

(2,976
)
Advances from affiliates
33,074

4,419

3,720

33,927

(75,140
)
—

Repayment of advances from affiliates
(7,000
)
(1,949
)
(981
)
(5,170
)
15,100

—

Other
—

(5
)
(6
)
(25
)
—

(36
)
Net cash provided by/(used in) financing activities
24,702

(566
)
199

30,085

(55,478
)
(1,058
)
Effect of translation of foreign denominated cash and cash equivalents and restricted cash
—

—

—

(25
)
—

(25
)
Net increase/(decrease) in cash and cash equivalents and restricted cash
—

(2
)
27

105

—

130

Cash and cash equivalents and restricted cash at beginning of period
9

16

—

612

—

637

Cash and cash equivalents and restricted cash at end of period
9

14

27

717

—

767

Condensed Consolidating Statements of Cash Flows for the six months ended June 30, 2018
 
Parent Issuer and Guarantor
Subsidiary Issuer and Guarantor - SEP
Subsidiary Issuer and Guarantor - EEP
Subsidiary Non-Guarantors
Consolidating and elimination adjustments
 Consolidated - Enbridge
(millions of Canadian dollars)
 
 
 
 
 
 
Net cash (used in)/provided by operating activities
(79
)
1,875

(145
)
5,639

(752
)
6,538

Investing activities
 
 
 
 
 
 
Capital expenditures
(8
)
—

—

(3,235
)
—

(3,243
)
Long-term investments and restricted long-term investments
(36
)
(9
)
—

(600
)
34

(611
)
Distributions from equity investments in excess of cumulative earnings
1,260

24

451

1,116

(1,711
)
1,140

Additions to intangible assets
(20
)
—

—

(405
)
—

(425
)
Affiliate loans, net
—

—

—

—

—

—

Proceeds from dispositions
—

—

—

4

—

4

Reimbursement of capital expenditures
—

—

—

—

—

—

Contributions to subsidiaries
(2,093
)
(78
)
(7
)
—

2,178

—

Return of share capital from subsidiary companies
1,916

—

—

—

(1,916
)
—

Advances to affiliates
(2,324
)
—

(910
)
(2,397
)
5,631

—

Repayment of advances to affiliates
1,094

511

960

1,890

(4,455
)
—

Other
—

—

—

(4
)
—

(4
)
Net cash (used in)/provided by investing activities
(211
)
448

494

(3,631
)
(239
)
(3,139
)
Financing activities
 
 
 
 
 
 
Net change in short-term borrowings
—

—

—

(433
)
—

(433
)
Net change in commercial paper and credit facility draws
(931
)
(1,397
)
312

(150
)
—

(2,166
)
Debenture and term note issues, net of issue costs
2,556

—

—

981

—

3,537

Debenture and term note repayments
—

—

(509
)
(1,638
)
—

(2,147
)
Contributions from noncontrolling interests
—

—

—

—

21

21

Distributions to noncontrolling interests
—

—

—

—

(425
)
(425
)
Contributions from redeemable noncontrolling interests
—

—

—

—

41

41

Distributions to redeemable noncontrolling interests
—

—

—

—

(174
)
(174
)
Contributions from parents
—

—

—

2,178

(2,178
)
—

Distributions to parents
—

(924
)
(331
)
(3,627
)
4,882

—

Common shares issued
14

—

—

—

—

14

Preference share dividends
(174
)
—

—

—

—

(174
)
Common share dividends
(1,493
)
—

—

—

—

(1,493
)
Advances from affiliates
368

—

2,029

3,234

(5,631
)
—

Repayment of advances from affiliates
(43
)
—

(1,847
)
(2,565
)
4,455

—

Other
—

(6
)
(3
)
9

—

—

Net cash provided by/(used in) financing activities
297

(2,327
)
(349
)
(2,011
)
991

(3,399
)
Effect of translation of foreign denominated cash and cash equivalents and restricted cash
—

—

—

35

—

35

Net increase/(decrease) in cash and cash equivalents and restricted cash
7

(4
)
—

32

—

35

Cash and cash equivalents and restricted cash at beginning of period
2

14

—

571

—

587

Cash and cash equivalents and restricted cash at end of period
9

10

—

603

—

622