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Leases (Tables)

12 Months Ended

Dec. 31, 2019

Schedule Of Lease Cost

The table below summarizes the total lease cost incurred:

		2019
millions of Canadian dollars		Operating leases				Finance leases
Operating lease cost			151
Short-term and other (net of sublease rental income)			76
Amortization of right of use assets							55
Interest on lease liabilities							40
Total lease cost			227				95

Schedule Of Operating Leases and Finance Leases Recorded In Balance Sheet

The following table summarizes the amounts related to operating leases and finance leases recorded on the Consolidated balance sheet as at December 31, 2019:

		2019
millions of Canadian dollars		Operating leases				Finance leases
Right of use assets
Included in Other assets, including intangibles, net			260
Included in Property, plant and equipment, net							546
Total right of use assets			260				546
Lease liability due within one year
Included in Accounts payable and accrued liabilities			115				15
Included in Notes and loans payable							18
Long-term lease liability
Included in Other long-term obligations			143				-
Included in Long-term debt							514
Total lease liability			258				547

Maturity Of Lease Liabilities

The maturity analysis of the company’s lease liabilities, weighted average remaining lease term and weighted average discount rates applied at December 31, 2019, are summarized below:

		2019
millions of Canadian dollars, unless noted			Operating leases				Finance leases
Maturity analysis of lease liabilities
2020			121				71
2021			70				50
2022			30				49
2023			13				48
2024			11				47
2025 and beyond			30				1,086
Total lease payments			275				1,351
Discount to present value			(17	)			(804	)
Total lease liability			258				547
Weighted average remaining lease term (years)			4				40
Weighted average discount rate (percent)			2.6				7.5

Schedule Of Measurement Of Lease Liabilities and Right Of Use Assets

		2019
millions of Canadian dollars			Operating leases				Finance leases
Cash paid for amounts included in the measurement of lease liabilities
Cash flows from operating activities			147				45
Cash flows from financing activities							27
Non-cash right of use assets recorded for lease liabilities
For January 1 adoption of Leases (Topic 842)			298
In exchange for new lease liabilities during the year			104

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- Definition

Tabular disclosure of Maturity of Lease Liabilities and Weighted Average Remaining Lease Term and Discount Rate.

+ References

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- Definition

Cash paid for amounts included in the measurement of lease liabilities and the right of use assets obtained in exchange for new lease liabilities.

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- Definition

Schedule of Operating and Finance Leases Recorded on Consolidated Balance Sheet.

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- Definition

Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918686-209980

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