BORROWINGS (Tables)

6 Months Ended

Jun. 30, 2026

Disclosure of detailed information about borrowings


	Maturity	Annual Rate	Currency	As of
				June 30, 2026		December 31, 2025
Corporate revolving credit facility	June 29, 2031	SOFR plus 1.2%	US$	$	700	$	—

Commercial paper(1)	July 27, 2026	4.1%	US$	467		735





Non-current:
Medium-term notes:
Public - Canadian	November 14, 2027	5.6%	C$	317		328
Public - Canadian	September 11, 2028	4.2%	C$	493		510
Public - Canadian	October 9, 2029	3.4%	C$	493		510
Public - Canadian	July 27, 2030	5.7%	C$	352		364
Public - Canadian	January 6, 2031	3.7%	C$	264		273
Public - Canadian	September 1, 2032	2.9%	C$	352		364
Public - Canadian	February 14, 2033	6.0%	C$	176		182
Public - Canadian	April 25, 2034	5.4%	C$	281		291
Public - Canadian	September 24, 2035	4.5%	C$	229		237
Public - Canadian	April 25, 2052	5.8%	C$	141		146
Public - Canadian	July 27, 2053	6.0%	C$	141		146

Subordinated notes:
Public - United States	March 15, 2055	6.8%	US$	300		300
Public - Canadian	September 1, 2055	5.6%	C$	177		183
Public – United States	May 24, 2081	5.0%	US$	250		250
Public – United States	May 31, 2084	7.3%	US$	158		158
				5,291		4,977
Deferred financing costs and other				(28)		(30)
Total				$	5,263	$	4,947

1.Maturity and annual rate associated with our commercial paper program represents a weighted average of all outstanding obligations as of June 30, 2026.


	As of
US$ MILLIONS	June 30, 2026		December 31, 2025
Current	$	3,774	$	6,013
Non-current	53,428		53,538
Total	$	57,202	$	59,551