v3.19.2
financing costs
6 Months Ended
Jun. 30, 2019
financing costs  
financing costs

9     financing costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months

 

Six months

Periods ended June 30 (millions)

    

Note

    

2019

    

2018

    

2019

 

2018

Interest expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest on long-term debt, excluding lease liabilities – gross 

 

 

 

$

161

 

$

151

 

$

311

 

$

295

Interest on long-term debt, excluding lease liabilities - capitalized 1

 

18(a)

 

 

(4)

 

 

 —

 

 

(4)

 

 

 —

Interest on long-term debt, excluding lease liabilities

 

 

 

 

157

 

 

151

 

 

307

 

 

295

Interest on lease liabilities

 

 

 

 

16

 

 

 —

 

 

32

 

 

 —

Interest on short-term borrowings and other

 

 

 

 

 3

 

 

(1)

 

 

 8

 

 

 1

Interest accretion on provisions

 

25

 

 

 5

 

 

 6

 

 

11

 

 

10

 

 

 

 

 

181

 

 

156

 

 

358

 

 

306

Employee defined benefit plans net interest

 

15

 

 

 —

 

 

 3

 

 

 —

 

 

 7

Foreign exchange

 

 

 

 

11

 

 

(6)

 

 

 4

 

 

(2)

 

 

 

 

 

192

 

 

153

 

 

362

 

 

311

Interest income

 

 

 

 

(3)

 

 

(3)

 

 

(5)

 

 

(5)

 

 

 

 

$

189

 

$

150

 

$

357

 

$

306


(1)

Long-term debt, excluding lease liabilities, interest at a composite rate of 4.33% was capitalized to intangible assets with indefinite lives in the period.