v3.26.1
COMPONENTS OF ACCUMULATED OTHER COMPREHENSIVE INCOME
 3 Months Ended
Mar. 31, 2026
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]  
COMPONENTS OF ACCUMULATED OTHER COMPREHENSIVE INCOME

7. COMPONENTS OF ACCUMULATED OTHER COMPREHENSIVE INCOME

 

Changes in Accumulated other comprehensive income (AOCI) attributable to our common shareholders for the three months ended March 31, 2026 and 2025 are as follows:

 

 

Cash
Flow
Hedges

 

Net
Investment
Hedges

 

Cumulative
Translation
Adjustment

 

Equity
Investees
and Other
Investments

 

Pension
and
OPEB
Adjustment

 

Total

 

(millions of Canadian dollars)

 

 

 

 

 

 

 

 

 

 

 

 

Balance as at January 1, 2026

 

462

 

 

(1,614

)

 

5,372

 

 

25

 

 

436

 

 

4,681

 

Other comprehensive income/(loss) retained in AOCI

 

3

 

 

(248

)

 

1,240

 

 

(20

)

 

—

 

 

975

 

Other comprehensive (income)/loss reclassified to earnings

 

 

 

 

 

 

 

 

 

 

 

 

   Interest rate contracts1

 

2

 

 

—

 

 

—

 

 

—

 

 

—

 

 

2

 

   Amortization of pension and OPEB actuarial gain2

 

—

 

 

—

 

 

—

 

 

—

 

 

(9

)

 

(9

)

 

 

5

 

 

(248

)

 

1,240

 

 

(20

)

 

(9

)

 

968

 

Tax impact

 

 

 

 

 

 

 

 

 

 

 

 

   Income tax on amounts retained in AOCI

 

(1

)

 

—

 

 

—

 

 

—

 

 

—

 

 

(1

)

   Income tax on amounts reclassified to earnings

 

—

 

 

—

 

 

—

 

 

—

 

 

4

 

 

4

 

 

 

(1

)

 

—

 

 

—

 

 

—

 

 

4

 

 

3

 

Balance as at March 31, 2026

 

466

 

 

(1,862

)

 

6,612

 

 

5

 

 

431

 

 

5,652

 

 

 

Cash
Flow
Hedges

 

Excluded
Components
of Fair Value
Hedges

 

Net
Investment
Hedges

 

Cumulative
Translation
Adjustment

 

Equity
Investees
and Other
Investments

 

Pension
and
OPEB
Adjustment

 

Total

 

(millions of Canadian dollars)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance as at January 1, 2025

 

407

 

 

(14

)

 

(2,033

)

 

8,452

 

 

1

 

 

302

 

 

7,115

 

Other comprehensive income/(loss) retained in AOCI

 

(35

)

 

(6

)

 

(34

)

 

118

 

 

12

 

 

—

 

 

55

 

Other comprehensive (income)/loss reclassified to earnings

 

 

 

 

 

 

 

 

 

 

 

 

 

 

   Interest rate contracts1

 

8

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

8

 

   Foreign exchange contracts3

 

—

 

 

12

 

 

—

 

 

—

 

 

—

 

 

—

 

 

12

 

   Amortization of pension and OPEB actuarial gain2

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

(9

)

 

(9

)

 

 

(27

)

 

6

 

 

(34

)

 

118

 

 

12

 

 

(9

)

 

66

 

Tax impact

 

 

 

 

 

 

 

 

 

 

 

 

 

 

   Income tax on amounts retained in AOCI

 

9

 

 

1

 

 

—

 

 

—

 

 

—

 

 

—

 

 

10

 

   Income tax on amounts reclassified to earnings

 

(2

)

 

(3

)

 

—

 

 

—

 

 

—

 

 

2

 

 

(3

)

 

 

7

 

 

(2

)

 

—

 

 

—

 

 

—

 

 

2

 

 

7

 

Balance as at March 31, 2025

 

387

 

 

(10

)

 

(2,067

)

 

8,570

 

 

13

 

 

295

 

 

7,188

 

 

1
Reported within Interest expense in the Consolidated Statements of Earnings.
2
These components are included in the computation of net periodic benefit credit and are reported within Other income/(expense) in the Consolidated Statements of Earnings.
3
Reported within Interest expense and Other income/(expense) in the Consolidated Statements of Earnings.