Company: ENBSF
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000895728-25-000012
Chunk: 39

Company: ENBRIDGE INC
Filing Date: 2025-05-09
Form: 10-Q
Item: Item 1
Chunk 39
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 NOTESAs at March 31, 2025 and December 31, 2024, our fixed-to-floating rate and fixed-to-fixed rate subordinated term notes had a principal value of $15.5 billion.FAIR VALUE ADJUSTMENTAs at March 31, 2025 and December 31, 2024, the fair value adjustments to decrease total debt assumed in a historical acquisition were $465 million and $468 million, respectively. DEBT COVENANTSOur credit facility agreements and term debt indentures include standard events of default and covenant provisions whereby accelerated repayment and/or termination of the agreements may result if we were to default on payment or violate certain covenants. As at March 31, 2025, we were in compliance with all such debt covenant provisions.

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8.  COMPONENTS OF ACCUMULATED OTHER COMPREHENSIVE INCOME

Changes in Accumulated other comprehensive income (AOCI) attributable to our common shareholders for the three months ended March 31, 2025 and 2024 are as follows:CashFlowHedgesExcludedComponentsof Fair ValueHedgesNetInvestmentHedgesCumulativeTranslationAdjustmentEquityInvestees and Other InvestmentsPensionandOPEBAdjustmentTotal(millions of Canadian dollars)      Balance as at January 1, 2025407 (14)(2,033)8,452 1 302 7,115 Other comprehensive income/(loss) retained in AOCI(35)(6)(34)118 12 — 55 Other comprehensive (income)/loss reclassified to earningsInterest rate contracts18 — — — — — 8 Foreign exchange contracts2— 12 — — — — 12 Amortization of pension and OPEB actuarial gain3— — — — — (9)(9)(27)6 (34)118 12 (9)66 Tax impact      Income tax on amounts retained in AOCI9 1 — — — — 10 Income tax on amounts reclassified to earnings(2)(3)— — — 2 (3)7 (2)— — — 2 7 Balance as at March 31, 2025387 (10)(2,067)8,570 13 295 7,188 CashFlowHedgesExcludedComponent