Company: ENBSF
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000895728-25-000006
Chunk: 56

Company: ENBRIDGE INC
Filing Date: 2025-02-14
Form: 10-K
Item: Item 8
Chunk 56
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 COMPREHENSIVE INCOME

Year ended December 31,202420232022(millions of Canadian dollars)Earnings5,631 6,058 2,938 Other comprehensive income/(loss), net of taxChange in unrealized gain on cash flow hedges73 220 847 Change in unrealized gain/(loss) on net investment hedges(1,305)409 (971)Other comprehensive income/(loss) from equity investees(10)6 (6)Excluded components of fair value hedges9 12 (35)Reclassification to earnings of loss on cash flow hedges23 14 143 Reclassification to earnings of pension and other postretirement benefits (OPEB) amounts(16)(18)(10)Reclassification to earnings of loss on equity investees— — 16 Actuarial gain/(loss) on pension and OPEB248 (130)312 Foreign currency translation adjustments5,895 (1,728)4,406 Other comprehensive income/(loss), net of tax4,917 (1,215)4,702 Comprehensive income10,548 4,843 7,640 Comprehensive (income)/loss attributable to noncontrolling interests(295)131 (21)Comprehensive income attributable to controlling interests10,253 4,974 7,619 Preference share dividends(388)(352)(414)Comprehensive income attributable to common shareholders9,865 4,622 7,205 

The accompanying notes are an integral part of these consolidated financial statements.

108

ENBRIDGE INC.

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY

Year ended December 31,202420232022(millions of Canadian dollars, except per share amounts)Preference shares (Note 20)   Balance at beginning of year6,818 6,818 7,747 Redemption of preference shares— — (929)Balance at end of year6,818 6,818 6,818 Common shares (Note 20)Balance at beginning of year69,180 64,760 64,799 Shares issued, net of issue costs2,489 4,485 — Shares issued on exercise of stock options39 3 53 Shares issued on vesting of restricted stock units (RSU), net of tax30 12 — Share repurchases at stated value—