Company: ENBSF
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000895728-25-000006
Chunk: 159

Company: ENBRIDGE INC
Filing Date: 2025-02-14
Form: 10-K
Item: Item 8
Chunk 159
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-term lease liabilities as at December 31, 2024 were $42 million (December 31, 2023 - $42 million), $6 million (December 31, 2023 - $5 million) and $37 million (December 31, 2023 - $38 million), respectively.2Operating lease ROU assets are reported under Deferred amounts and other assets in the Consolidated Statements of Financial Position.3Current operating lease liabilities and long-term operating lease liabilities are reported under Other current liabilities and Other long-term liabilities, respectively, in the Consolidated Statements of Financial Position.4Finance lease ROU assets are reported under Property, plant and equipment, net in the Consolidated Statements of Financial Position.5Current finance lease liabilities and long-term finance lease liabilities are reported under Current portion of long-term debt and Long-term debt in the Consolidated Statements of Financial Position.As at December 31, 2024, our operating and finance lease liabilities are expected to mature as follows:Operating leasesFinance leases(millions of Canadian dollars)2025148 31 2026134 30 2027123 23 202897 23 202965 22 Thereafter685 531 Total undiscounted lease payments1,252 660 Less imputed interest(393)(344)Total 859 316 

192

LESSORWe receive revenues from operating leases primarily related to natural gas and crude oil storage and processing facilities, and wind power generation assets. Our operating leases have remaining lease terms of 3 months to 27 years as at December 31, 2024.Year ended December 31,202420232022(millions of Canadian dollars)Operating lease income229 241 266 Variable lease income321 299 321 Total lease income1550 540 587 1Lease income is recorded under Transportation and other services in the Consolidated Statements of Earnings.As at December 31, 2024, our future lease payments to be received under operating lease contracts where we are the lessor are as follows:Operating leases(millions of Canadian dollars)2025221 2026202 2027197 2028198 2029199 Thereafter1,415 Future lease payments2,432 

27.  OTHER INCOME/(EXPENSE)

Year ended December 31,202420232022(millions of Canadian dollars)   Realized foreign currency gain/(loss)121 (129)92 Unrealized foreign currency gain