Company: ENBSF
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000895728-25-000006
Chunk: 151

Company: ENBRIDGE INC
Filing Date: 2025-02-14
Form: 10-K
Item: Item 8
Chunk 151
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December 31,2024202320242023(millions of Canadian dollars)Accumulated benefit obligation404 394 107 99 Fair value of plan assets283 243 — — Certain of our pension plans have projected benefit obligations in excess of the fair value of plan assets. For these plans, the projected benefit obligation and fair value of plan assets were as follows: CanadaUSDecember 31,2024202320242023(millions of Canadian dollars)Projected benefit obligation428 416 107 99 Fair value of plan assets283 243 — — Amount Recognized in Accumulated Other Comprehensive IncomeThe amount of pre-tax AOCI relating to our pension plans are as follows: CanadaUSDecember 31,2024202320242023(millions of Canadian dollars)    Net actuarial (gain)/loss(122)51 (42)74 Prior service cost— — 5 1 Total amount recognized in AOCI1(122)51 (37)75 1Excludes amounts related to CTA.Net Periodic Benefit (Credit)/Cost and Other Amounts Recognized in Comprehensive IncomeThe components of net periodic benefit (credit)/cost and other amounts recognized in pre-tax Comprehensive income related to our pension plans are as follows:CanadaUSYear ended December 31, 202420232022202420232022(millions of Canadian dollars) Service cost1103 81 131 60 40 43 Interest cost2186 184 127 69 47 24 Expected return on plan assets2(304)(271)(295)(131)(77)(85)Amortization/settlement of net actuarial (gain)/loss24 — 8 7 (4)— Amortization/curtailment of prior service credit2— — — (4)— (2)Net periodic benefit (credit)/cost(11)(6)(29)1 6 (20)Defined contribution benefit cost12 12 10 — — — Net pension (credit)/cost recognized in Earnings1 6 (19)1 6 (20)Amount recognized in OCI: Amortization/settlement of net actuarial (gain)/loss— — (2)— 4 — Amortization/curtailment of prior service credit— — — 4 — 2 Net actuarial (gain