COMPONENTS OF ACCUMULATED OTHER COMPREHENSIVE INCOME/(LOSS)

12 Months Ended

Dec. 31, 2021

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

COMPONENTS OF ACCUMULATED OTHER COMPREHENSIVE INCOME/(LOSS)

Changes in AOCI attributable to our common shareholders for the years ended December 31, 2021, 2020 and 2019 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 at January 1, 2021	(1,326)	5	(215)	568	66	(499)	(1,401)
Other comprehensive income/(loss) retained in AOCI	238	(5)	49	(492)	(12)	520	298
Other comprehensive (income)/loss reclassified to earnings
Interest rate contracts1	296	—	—	—	—	—	296
Commodity contracts2	1	—	—	—	—	—	1
Foreign exchange contracts3	5	—	—	—	—	—	5
Other contracts4	2	—	—	—	—	—	2
Equity investment disposal	—	—	—	—	(66)	—	(66)
Amortization of pension and OPEB actuarial loss and prior service costs5	—	—	—	—	—	28	28
Other	17	—	—	(20)	3	—	—
	559	(5)	49	(512)	(75)	548	564
Tax impact
Income tax on amounts retained in AOCI	(61)	—	—	—	—	(126)	(187)
Income tax on amounts reclassified to earnings	(69)	—	—	—	4	(7)	(72)
	(130)	—	—	—	4	(133)	(259)

Balance at December 31, 2021	(897)	—	(166)	56	(5)	(84)	(1,096)


	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 at January 1, 2020	(1,073)	—	(317)	1,396	67	(345)	(272)
Other comprehensive income/(loss) retained in AOCI	(591)	5	115	(828)	(2)	(221)	(1,522)
Other comprehensive (income)/loss reclassified to earnings
Interest rate contracts1	253	—	—	—	—	—	253

Foreign exchange contracts3	5	—	—	—	—	—	5
Other contracts4	(2)	—	—	—	—	—	(2)
Amortization of pension and OPEB actuarial loss and prior service costs5	—	—	—	—	—	17	17
	(335)	5	115	(828)	(2)	(204)	(1,249)
Tax impact
Income tax on amounts retained in AOCI	140	—	(13)	—	1	54	182
Income tax on amounts reclassified to earnings	(58)	—	—	—	—	(4)	(62)
	82	—	(13)	—	1	50	120

Balance at December 31, 2020	(1,326)	5	(215)	568	66	(499)	(1,401)


	Cash Flow Hedges	Net Investment Hedges	Cumulative Translation Adjustment	Equity Investees	Pension and OPEB Adjustment	Total
(millions of Canadian dollars)
Balance at January 1, 2019	(770)	(598)	4,323	34	(317)	2,672
Other comprehensive income/(loss) retained in AOCI	(599)	320	(2,927)	34	(124)	(3,296)
Other comprehensive (income)/loss reclassified to earnings
Interest rate contracts1	157	—	—	—	—	157
Commodity contracts2	(1)	—	—	—	—	(1)
Foreign exchange contracts3	5	—	—	—	—	5
Other contracts4	(3)	—	—	—	—	(3)
Amortization of pension and OPEB actuarial loss and prior service costs5	—	—	—	—	17	17

	(441)	320	(2,927)	34	(107)	(3,121)
Tax impact
Income tax on amounts retained in AOCI	169	(39)	—	6	28	164
Income tax on amounts reclassified to earnings	(31)	—	—	—	(4)	(35)

	138	(39)	—	6	24	129
Other	—	—	—	(7)	55	48
Balance at December 31, 2019	(1,073)	(317)	1,396	67	(345)	(272)

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

2Reported within Transportation and other services revenue, Commodity sales revenue, Commodity costs and Operating and administrative expense in the Consolidated Statements of Earnings.

3Reported within Transportation and other services revenue and Net foreign currency gain in the Consolidated Statements of Earnings.

4Reported within Operating and administrative expense in the Consolidated Statements of Earnings.

5These components are included in the computation of net benefit costs and are reported within Other income/(expense) in the Consolidated Statements of Earnings.