LEASES (Tables)

12 Months Ended

Dec. 31, 2019

Leases [Abstract]

Assets and liabilities, lessee

Supplemental Statements of Financial Position Information

	December 31, 2019		January 1, 2019
(millions of Canadian dollars, except lease term and discount rate)
Operating leases
Operating lease right-of-use assets, net1	713		771
Operating lease liabilities - current2	94		86
Operating lease liabilities - long-term3	689		770
Total operating lease liabilities	783		856
Weighted average remaining lease term
Operating leases	13 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 December 31, 2019, our operating lease liabilities are expected to mature as follows:

	Operating leases
(millions of Canadian dollars)
2020	128
2021	99
2022	94
2023	84
2024	79
Thereafter	588
Total undiscounted lease payments	1,072
Less imputed interest	(289	)
Total operating lease liabilities	783

Operating lease, lease income

Year ended December 31,	2019
(millions of Canadian dollars)
Operating lease income	265
Variable lease income	360
Total lease income1	625

1 Lease income is recorded under Transportation and other services in the Consolidated Statements of Earnings.

Lessor, operating lease, payments to be received, maturity

As at December 31, 2019, the following table sets out future lease payments to be received under operating lease contracts where we are the lessor:

	Operating leases
(millions of Canadian dollars)
2020	236
2021	199
2022	188
2023	180
2024	178
Thereafter	2,276
Future lease payments	3,257