COMPONENTS OF ACCUMULATED OTHER COMPREHENSIVE LOSS

6 Months Ended

Jun. 30, 2014

COMPONENTS OF ACCUMULATED OTHER COMPREHENSIVE LOSS

COMPONENTS OF ACCUMULATED OTHER COMPREHENSIVE LOSS

9. COMPONENTS OF ACCUMULATED OTHER COMPREHENSIVE LOSS

Changes in Accumulated other comprehensive loss (AOCI) attributable to Enbridge common shareholders for the six months ended June 30, 2014 and 2013 are as follows:

	Cash Flow Hedges		Net Investment Hedges	6	Cumulative Translation Adjustment		Equity Investees		Pension and OPEB Amortization Adjustment		Total
(millions of Canadian dollars)
Balance at January 1, 2014	(1	)	378		(778	)	(15	)	(183	)	(599	)
Other comprehensive income/(loss) retained in AOCI	(514	)	10		(8	)	7		-		(505	)
Other comprehensive gains reclassified to earnings
Interest rate contracts1	55		-		-		-		-		55
Commodity contracts2	7		-		-		-		-		7
Foreign exchange contracts3	15		-		-		-		-		15
Other contracts4	9		-		-		-		-		9
Amortization of pension and OPEB actuarial loss5	-		-		-		-		6		6
	(428	)	10		(8	)	7		6		(413	)
Tax impact
Income tax on amounts retained in AOCI	141		(1	)	-		-		-		140
Income tax on amounts reclassified to earnings	(11	)	-		-		-		(3	)	(14	)
	130		(1	)	-		-		(3	)	126
Balance at June 30, 2014	(299	)	387		(786	)	(8	)	(180	)	(886	)

	Cash Flow Hedges		Net Investment Hedges	6	Cumulative Translation Adjustment		Equity Investees		Pension and OPEB Amortization Adjustment		Total
(millions of Canadian dollars)
Balance at January 1, 2013	(621	)	474		(1,265	)	(26	)	(324	)	(1,762	)
Other comprehensive income/(loss) retained in AOCI	609		(86	)	357		6		-		886
Other comprehensive gains/(loss) reclassified to earnings
Interest rate contracts1	53		-		-		-		-		53
Commodity contracts2	(1	)	-		-		-		-		(1	)
Foreign exchange contracts3	(3	)	-		-		-		-		(3	)
Amortization of pension and OPEB actuarial loss5	-		-		-		-		23		23
	658		(86	)	357		6		23		958
Tax impact
Income tax on amounts retained in AOCI	(160	)	12		-		-		-		(148	)
Income tax on amounts reclassified to earnings	(10	)	-		-		-		(6	)	(16	)
	(170	)	12		-		-		(6	)	(164	)
Balance at June 30, 2013	(133	)	400		(908	)	(20	)	(307	)	(968	)

1	Reported within Interest expense in the Consolidated Statements of Earnings.
2	Reported within Commodity costs in the Consolidated Statements of Earnings.
3	Reported within Other income/(expense) in the Consolidated Statements of Earnings.
4	Reported within Operating and administrative expense in the Consolidated Statements of Earnings.
5	These components are included in the computation of net periodic pension costs and are reported within Operating and administrative expense in the Consolidated Statements of Earnings.
6	Other comprehensive income/(loss) retained in AOCI includes a $10 million unrealized gain (2013 - $17 million unrealized loss) on foreign currency translation of United States dollar denominated long-term debt designated as a hedge of net investments in United States dollar denominated investments and subsidiaries.