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:
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|
Cash
Flow
Hedges |
|
Net
Investment
Hedges |
|
Cumulative
Translation
Adjustment |
|
Equity
Investees
and Other
Investments |
|
Pension
and
OPEB
Adjustment |
|
Total |
|
(millions of Canadian dollars) |
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|
|
|
|
|
|
|
|
|
|
|
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 |
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|
|
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|
|
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|
Interest rate contracts1 |
|
2 |
|
|
— |
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|
— |
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|
— |
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|
— |
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|
2 |
|
Amortization of pension and OPEB actuarial gain2 |
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
(9 |
) |
|
(9 |
) |
|
|
5 |
|
|
(248 |
) |
|
1,240 |
|
|
(20 |
) |
|
(9 |
) |
|
968 |
|
Tax impact |
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|
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 |
|
|
|
|
|
|
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|
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|
|
|
|
|
|
|
|
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 |
|
1Reported within Interest expense in the Consolidated Statements of Earnings. 2These components are included in the computation of net periodic benefit credit and are reported within Other income/(expense) in the Consolidated Statements of Earnings. 3Reported within Interest expense and Other income/(expense) in the Consolidated Statements of Earnings.
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