Company: ENBSF
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000895728-25-000006
Chunk: 158

Company: ENBRIDGE INC
Filing Date: 2025-02-14
Form: 10-K
Item: Item 8
Chunk 158
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 US16 16 16 16 16 71  EXPECTED EMPLOYER CONTRIBUTIONSIn 2025, we expect to contribute approximately $21 million and $6 million to the Canadian and US pension plans, respectively, and $11 million and $6 million to the Canadian and US OPEB plans, respectively.RETIREMENT SAVINGS PLANSIn addition to the pension and OPEB plans discussed above, we also have defined contribution employee savings plans available to US employees. Employees may receive a matching contribution where we match a certain percentage of before-tax employee contributions ranging from 3.0% to 7.0% of eligible pay per pay period. For the year ended December 31, 2024, pre-tax employer matching contribution costs were $35 million ($33 million in 2023 and $30 million in 2022).

26.  LEASES

LESSEEWe incur operating lease expenses related primarily to real estate, pipelines, storage and equipment. Our operating leases have remaining lease terms of 2 months to 41 years as at December 31, 2024.For the years ended December 31, 2024, 2023 and 2022, we incurred operating lease expenses of $132 million, $131 million and $118 million, respectively. Operating lease expenses are reported under Operating and administrative expense in the Consolidated Statements of Earnings.For the years ended December 31, 2024, 2023 and 2022, operating lease payments to settle lease liabilities were $128 million, $129 million and $123 million, respectively. Operating lease payments are reported under Operating activities in the Consolidated Statements of Cash Flows.

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Supplemental Statements of Financial Position InformationDecember 31, 2024December 31, 2023(millions of Canadian dollars, except lease term and discount rate)Operating leases1Operating lease right-of-use assets, net2785669Operating lease liabilities - current312198Operating lease liabilities - long-term3738652Total operating lease liabilities859750Finance leasesFinance lease right-of-use assets, net4294287Finance lease liabilities - current51619Finance lease liabilities - long-term5300264Total finance lease liabilities316283Weighted average remaining lease termOperating leases14 years12 yearsFinance leases31 years31 yearsWeighted average discount rateOperating leases4.8 %4.5 %Finance leases5.8 %5.7 %1Affiliate ROU assets, current lease liabilities and long