XML 108 R22.htm IDEA: XBRL DOCUMENT
v3.19.3.a.u2

Financing and additional notes and loans payable information | 12 Months Ended
--- | ---
Dec. 31, 2019
Financing and additional notes and loans payable information | 13. Financing and additional notes and loans payable information
millions of Canadian dollars |  | 2019 |  |  | 2018 |  |  | 2017 |
Debt-related interest (a) |  |  | 138 |  |  |  | 133 |  |  |  | 103 |
Capitalized interest |  |  | (48 | ) |  |  | (28 | ) |  |  | (38) |
Net interest expense |  |  | 90 |  |  |  | 105 |  |  |  | 65 |
Other interest |  |  | 3 |  |  |  | 3 |  |  |  | 13 |
Total financing (b) |  |  | 93 |  |  |  | 108 |  |  |  | 78 |
(a) | Includes related party interest with ExxonMobil.
(b) | The weighted average interest rate on short-term borrowings in 2019 was 1.8 percent (2018 – 1.5 percent, 2017– 0.9 percent). Average effective rate on the long-term borrowings with ExxonMobil in 2019 was 2.2 percent (2018 – 2.0 percent, 2017 – 1.3 percent).
In November 2019, the company increased the capacity of its non-interest bearing, revolving demand loan with ExxonMobil from $75 million to $150 million. The loan represents ExxonMobil’s share of a working capital facility required to support purchasing, marketing, transportation and derivative arrangements for crude oil and diluent products undertaken by Imperial on behalf of ExxonMobil. At December 31, 2019 the company had borrowed $111 million under this arrangement. In November 2019, the company extended the maturity date of its existing $250 million committed long-term line of credit to November 2021. The company has no t drawn on the facility. In December 2019, the company extended the maturity date of its existing $250 million committed short-term line of credit to December 2020. The company has no t drawn on the facility.

X
- Definition The disclosure for the amount of the cost of financing and information relating to notes and loans payable. + References No definition available. + Details
Name: | imo_FinancingCostsAndAdditionalNotesAndLoansPayableInformationTextBlock
Namespace Prefix: | imo_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration