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Long-Term Debt (Detail) - CAD ($)
$ in Millions
Dec. 31, 2019
Dec. 31, 2018
Debt Instrument [Line Items]    
Long-term debt [1] $ 4,447 $ 4,447
Finance leases [2] 514 531
Total long-term debt [3] $ 4,961 $ 4,978
[1] Borrowed under an existing agreement with an affiliated company of ExxonMobil that provides for a long-term, variable-rate, Canadian dollar loan from ExxonMobil to the company of up to $7.75 billion at interest equivalent to Canadian market rates. The agreement is effective until June 30, 2025, cancelable if ExxonMobil provides at least 370 days advance written notice.
[2] Finance leases are primarily associated with transportation facilities and services agreements. The average imputed rate was 7.5 percent in 2019 (2018 – 7.1 percent). Total finance lease obligations also include $18 million in current liabilities (2018 - $27 million). Principal payments on finance leases of approximately $13 million on average per year are due in each of the next four years after December 31, 2020.
[3] Long-term debt included amounts to related parties of $4,447 million (2018 – $4,447 million), (note 17).