Company: ENBSF
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000895728-25-000012
Chunk: 42

Company: ENBRIDGE INC
Filing Date: 2025-05-09
Form: 10-Q
Item: Item 1
Chunk 42
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 in the event of bankruptcy or other significant credit events and reduce our credit risk exposure on financial derivative asset positions in those circumstances.The following tables summarize the Consolidated Statements of Financial Position location and carrying value of our derivative instruments, as well as the maximum potential settlement amounts, in the event of the specific circumstances described above.March 31, 2025DerivativeInstrumentsUsed asCash FlowHedgesDerivativeInstrumentsUsed asFair Value HedgesNon-QualifyingDerivativeInstrumentsTotal GrossDerivativeInstrumentsas PresentedAmountsAvailablefor OffsetTotal NetDerivativeInstruments(millions of Canadian dollars)Other current assetsForeign exchange contracts— — 26 26 (17)9 Interest rate contracts5 — 16 21 (9)12 Commodity contracts2 — 432 434 (257)177 7 — 474 481 (283)198 Deferred amounts and other assetsForeign exchange contracts— — 68 68 (58)10 Interest rate contracts15 — 92 107 (32)75 Commodity contracts— — 196 196 (53)143 15 — 356 371 (143)228 Other current liabilitiesForeign exchange contracts— (31)(713)(744)17 (727)Interest rate contracts(11)— (25)(36)9 (27)Commodity contracts— — (483)(483)257 (226)(11)(31)(1,221)(1,263)283 (980)Other long-term liabilitiesForeign exchange contracts— — (1,523)(1,523)58 (1,465)Interest rate contracts(16)— (97)(113)32 (81)Commodity contracts— — (162)(162)53 (109)(16)— (1,782)(1,798)143 (1,655)Total net derivative asset/(liability)Foreign exchange contracts— (31)(2,142)(2,173)— (2,173)Interest rate contracts(7)— (14)(21)— (21)Commodity contracts2 — (17)(15)— (15)(5)(31)(2,173)(2,209)— (2,209)

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December 31, 2024DerivativeInstrumentsUsed asCash FlowHedgesDerivativeInstrumentsUsed asFair Value