CONSOLIDATED STATEMENTS OF CASH FLOWS - CAD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Operating activities
Earnings	$ 2,057	$ 2,014
Adjustments to reconcile earnings to net cash provided by operating activities:
Depreciation and amortization	1,055	932
Deferred income tax expense	423	369
Unrealized derivative fair value gain, net (Note 8)	(369)	(315)
Income from equity investments	(491)	(395)
Distributions from equity investments	394	388
(Gain)/loss on dispositions	2	(41)
Other	120	30
Changes in operating assets and liabilities	(252)	(418)
Net cash provided by operating activities	2,939	2,564
Investing activities
Capital expenditures	(1,048)	(2,059)
Long-term investments and restricted long-term investments	(314)	(61)
Distributions from equity investments in excess of cumulative earnings	97	61
Additions to intangible assets	(53)	(65)
Proceeds from disposition	0	122
Affiliate loans, net	0	44
Net cash used in investing activities	(1,318)	(1,958)
Financing activities
Net change in short-term borrowings	89	(27)
Net change in commercial paper and credit facility draws	(283)	1,727
Debenture and term note issues, net of issue costs	2,643	629
Debenture and term note repayments	(1,155)	(912)
Contributions from noncontrolling interests	6	3
Distributions to noncontrolling interests	(60)	(66)
Common shares issued	2	0
Common shares repurchased	(50)	0
Preference share dividends	(91)	(92)
Common share dividends	(1,742)	(1,691)
Redemption of preferred shares held by subsidiary	0	(115)
Redemption of preference shares	(750)	0
Other	(92)	(21)
Net cash used in financing activities	(1,483)	(565)
Effect of translation of foreign denominated cash and cash equivalents and restricted cash	(4)	(7)
Net increase in cash and cash equivalents and restricted cash	134	34
Cash and cash equivalents and restricted cash at beginning of period	320	490
Cash and cash equivalents and restricted cash at end of period	$ 454	$ 524