Changes in Accumulated other comprehensive income (AOCI) attributable to our common shareholders for the six months ended June 30, 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) |
|
|
|
|
|
|
|
|
|
|
|
|
Balance as at January 1, 2026 |
|
462 |
|
|
(1,614 |
) |
|
5,372 |
|
|
25 |
|
|
436 |
|
|
4,681 |
|
Other comprehensive income/(loss) retained in AOCI |
|
28 |
|
|
(495 |
) |
|
2,449 |
|
|
(10 |
) |
|
— |
|
|
1,972 |
|
Other comprehensive (income)/loss reclassified to earnings |
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|
|
|
|
|
|
|
|
|
|
|
Interest rate contracts1 |
|
142 |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
142 |
|
Amortization of pension and OPEB actuarial gain2 |
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
(18 |
) |
|
(18 |
) |
|
|
170 |
|
|
(495 |
) |
|
2,449 |
|
|
(10 |
) |
|
(18 |
) |
|
2,096 |
|
Tax impact |
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|
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|
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Income tax on amounts retained in AOCI |
|
(7 |
) |
|
— |
|
|
— |
|
|
(7 |
) |
|
— |
|
|
(14 |
) |
Income tax on amounts reclassified to earnings |
|
(36 |
) |
|
— |
|
|
— |
|
|
— |
|
|
6 |
|
|
(30 |
) |
|
|
(43 |
) |
|
— |
|
|
— |
|
|
(7 |
) |
|
6 |
|
|
(44 |
) |
Balance as at June 30, 2026 |
|
589 |
|
|
(2,109 |
) |
|
7,821 |
|
|
8 |
|
|
424 |
|
|
6,733 |
|
|
|
|
|
|
|
|
|
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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 |
|
(15 |
) |
|
12 |
|
|
413 |
|
|
(3,356 |
) |
|
21 |
|
|
62 |
|
|
(2,863 |
) |
Other comprehensive (income)/loss reclassified to earnings |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest rate contracts1 |
|
17 |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
17 |
|
Foreign exchange contracts3 |
|
— |
|
|
(3 |
) |
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
(3 |
) |
Amortization of pension and OPEB actuarial gain2 |
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
(14 |
) |
|
(14 |
) |
|
|
2 |
|
|
9 |
|
|
413 |
|
|
(3,356 |
) |
|
21 |
|
|
48 |
|
|
(2,863 |
) |
Tax impact |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income tax on amounts retained in AOCI |
|
2 |
|
|
(3 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(13 |
) |
|
(14 |
) |
Income tax on amounts reclassified to earnings |
|
(3 |
) |
|
8 |
|
|
— |
|
|
— |
|
|
— |
|
|
1 |
|
|
6 |
|
|
|
(1 |
) |
|
5 |
|
|
— |
|
|
— |
|
|
— |
|
|
(12 |
) |
|
(8 |
) |
Balance as at June 30, 2025 |
|
408 |
|
|
— |
|
|
(1,620 |
) |
|
5,096 |
|
|
22 |
|
|
338 |
|
|
4,244 |
|
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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