COMPONENTS OF ACCUMULATED OTHER COMPREHENSIVE INCOME

6 Months Ended

Jun. 30, 2021

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

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, 2021 and 2020 are as follows:


	Cash Flow Hedges	Excluded Components of Fair Value Hedges	Net Investment Hedges	Cumulative Translation Adjustment	Equity Investees	Pension and OPEB Adjustment	Total
(millions of Canadian dollars)
Balance as at January 1, 2021	(1,326)	5	(215)	568	66	(499)	(1,401)
Other comprehensive income/(loss) retained in AOCI	294	(2)	251	(1,584)	1	—	(1,040)
Other comprehensive loss/(income) reclassified to earnings
Interest rate contracts1	142	—	—	—	—	—	142

Foreign exchange contracts2	3	—	—	—	—	—	3
Other contracts3	1	—	—	—	—	—	1
Amortization of pension and OPEB actuarial loss and prior service costs4	—	—	—	—	—	14	14
Other	17	—	—	(20)	3	—	—
	457	(2)	251	(1,604)	4	14	(880)
Tax impact
Income tax on amounts retained in AOCI	(75)	—	(29)	—	1	—	(103)
Income tax on amounts reclassified to earnings	(33)	—	—	—	—	(3)	(36)
	(108)	—	(29)	—	1	(3)	(139)

Balance as at June 30, 2021	(977)	3	7	(1,036)	71	(488)	(2,420)


	Cash Flow Hedges	Excluded Components of Fair Value Hedges	Net Investment Hedges	Cumulative Translation Adjustment	Equity Investees	Pension and OPEB Adjustment	Total
(millions of Canadian dollars)
Balance as at January 1, 2020	(1,073)	—	(317)	1,396	67	(345)	(272)
Other comprehensive income/(loss) retained in AOCI	(738)	8	(375)	2,843	25	—	1,763
Other comprehensive loss reclassified to earnings
Interest rate contracts1	103	—	—	—	—	—	103

Foreign exchange contracts2	2	—	—	—	—	—	2

Amortization of pension and OPEB actuarial loss and prior service costs4	—	—	—	—	—	9	9
	(633)	8	(375)	2,843	25	9	1,877
Tax impact
Income tax on amounts retained in AOCI	180	—	—	—	(5)	—	175
Income tax on amounts reclassified to earnings	(25)	—	—	—	—	(2)	(27)
	155	—	—	—	(5)	(2)	148

Balance as at June 30, 2020	(1,551)	8	(692)	4,239	87	(338)	1,753

1 Reported within Interest expense in the Consolidated Statements of Earnings.

2 Reported within Transportation and other services revenues and Net foreign currency gain/(loss) in the Consolidated Statements of Earnings.

3 Reported within Operating and administrative expense in the Consolidated Statements of Earnings.

4 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.