Enbridge (ENB) 10-Q 29 Jul 22 2022 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2022	Jul. 22, 2022
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2022
Document Transition Report	false
Entity File Number	1-10934
Entity Registrant Name	ENBRIDGE INC.
Entity Incorporation, State or Country Code	Z4
Entity Tax Identification Number	98-0377957
Entity Address, Address Line One	200, 425 - 1st Street S.W.
Entity Address, City or Town	Calgary
Entity Address, State or Province	AB
Entity Address, Country	CA
Entity Address, Postal Zip Code	T2P 3L8
City Area Code	403
Local Phone Number	231-3900
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		2,024,789,365
Entity Central Index Key	0000895728
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2
Common shares
Entity Information [Line Items]
Title of 12(b) Security	Common Shares
Trading Symbol	ENB
Security Exchange Name	NYSE
6.375% Fixed-to-Floating Rate Subordinated Notes Series 2018-B due 2078
Entity Information [Line Items]
Title of 12(b) Security	6.375% Fixed-to-Floating Rate Subordinated Notes Series 2018-B due 2078
Trading Symbol	ENBA
Security Exchange Name	NYSE

CONSOLIDATED STATEMENTS OF EARN

CONSOLIDATED STATEMENTS OF EARNINGS - CAD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Operating revenues
Total operating revenues	$ 13,215	$ 10,948	$ 28,312	$ 23,085
Operating expenses
Operating and administrative	1,994	1,484	3,869	3,043
Depreciation and amortization	1,064	929	2,119	1,861
Total operating expenses	11,695	9,132	24,372	18,771
Operating income	1,520	1,816	3,940	4,314
Income from equity investments	510	352	1,001	747
Other income/(expense)
Net foreign currency gain/(loss)	(581)	159	(212)	311
Other	82	82	171	191
Interest expense	(791)	(618)	(1,510)	(1,275)
Earnings before income taxes	740	1,791	3,390	4,288
Income tax expense	(133)	(270)	(726)	(753)
Earnings	607	1,521	2,664	3,535
Earnings attributable to noncontrolling interests	(12)	(37)	(40)	(59)
Earnings attributable to controlling interests	595	1,484	2,624	3,476
Preference share dividends	(145)	(90)	(247)	(182)
Earnings attributable to common shareholders	$ 450	$ 1,394	$ 2,377	$ 3,294
Earnings per common share attributable to common shareholders (in Canadian dollars per share)	$ 0.22	$ 0.69	$ 1.17	$ 1.63
Diluted earnings per common share attributable to common shareholders (in Canadian dollars per share)	$ 0.22	$ 0.69	$ 1.17	$ 1.63
Commodity sales
Operating revenues
Total operating revenues	$ 8,108	$ 6,334	$ 16,433	$ 12,763
Operating expenses
Commodity costs and Gas distribution costs	8,181	6,430	16,472	12,628
Gas distribution sales
Operating revenues
Total operating revenues	905	737	3,003	2,277
Operating expenses
Commodity costs and Gas distribution costs	456	289	1,912	1,239
Transportation and other services
Operating revenues
Total operating revenues	$ 4,202	$ 3,877	$ 8,876	$ 8,045

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - CAD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Statement of Comprehensive Income [Abstract]
Earnings	$ 607	$ 1,521	$ 2,664	$ 3,535
Other comprehensive income/(loss), net of tax
Change in unrealized gain/(loss) on cash flow hedges	352	(157)	646	213
Change in unrealized gain/(loss) on net investment hedges	(386)	129	(253)	222
Other comprehensive income from equity investees	0	24	0	2
Excluded components of fair value hedges	(4)	(1)	(5)	(2)
Reclassification to earnings of loss on cash flow hedges	52	61	109	113
Reclassification to earnings of pension and other postretirement benefits (OPEB) amounts	(3)	6	(5)	11
Foreign currency translation adjustments	1,881	(835)	1,173	(1,631)
Other comprehensive income/(loss), net of tax	1,892	(773)	1,665	(1,072)
Comprehensive income	2,499	748	4,329	2,463
Comprehensive income attributable to noncontrolling interests	(58)	(9)	(71)	(6)
Comprehensive income attributable to controlling interests	2,441	739	4,258	2,457
Preference share dividends	(145)	(90)	(247)	(182)
Comprehensive income attributable to common shareholders	$ 2,296	$ 649	$ 4,011	$ 2,275

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - CAD ($) $ in Millions	Total	Preference shares	Common shares	Additional paid-in capital	Deficit	Accumulated other comprehensive income (loss)	Reciprocal shareholding	Total Enbridge Inc. shareholders’ equity	Noncontrolling interests
Balance at the beginning of the period at Dec. 31, 2020		$ 7,747	$ 64,768	$ 277	$ (9,995)	$ (1,401)	$ (29)		$ 2,996
Increase (Decrease) in Stockholders' Equity
Redemption of preference shares		0
Stock-based compensation				16
Options exercised			12	(8)
Share purchases at stated value			0
Other			0	0
Change in reciprocal interest				39			12
Earnings attributable to controlling interests	$ 3,476				3,476
Preference share dividends					(182)
Common share dividends declared					(1,692)
Dividends paid to reciprocal shareholder					5
Share purchases in excess of stated value					0
Other comprehensive income/(loss) attributable to common shareholders, net of tax						(1,019)
Earnings attributable to noncontrolling interests									59
Change in unrealized loss on cash flow hedges									(6)
Foreign currency translation adjustments									(47)
Other comprehensive income/(loss) attributable to common shareholders, net of tax									(53)
Comprehensive income attributable to noncontrolling interests	(6)								6
Distributions									(143)
Contributions									9
Other					0				2
Balance at the end of the period at Jun. 30, 2021	$ 64,896	7,747	64,780	324	(8,388)	(2,420)	(17)	$ 62,026	2,870
Increase (Decrease) in Stockholders' Equity
Common stock, dividends per share, paid (in dollars per share)	$ 1.670
Balance at the beginning of the period at Mar. 31, 2021		7,747	64,772	324	(8,093)	(1,675)	(17)		2,930
Increase (Decrease) in Stockholders' Equity
Redemption of preference shares		0
Stock-based compensation				5
Options exercised			8	(5)
Share purchases at stated value			0
Other			0	0
Change in reciprocal interest	$ 0						0
Earnings attributable to controlling interests	1,484				1,484
Preference share dividends					(90)
Common share dividends declared					(1,692)
Dividends paid to reciprocal shareholder					2
Share purchases in excess of stated value					0
Other comprehensive income/(loss) attributable to common shareholders, net of tax						(745)
Earnings attributable to noncontrolling interests									37
Change in unrealized loss on cash flow hedges									(3)
Foreign currency translation adjustments									(25)
Other comprehensive income/(loss) attributable to common shareholders, net of tax									(28)
Comprehensive income attributable to noncontrolling interests	(9)								9
Distributions									(77)
Contributions									6
Other					1				2
Balance at the end of the period at Jun. 30, 2021	$ 64,896	7,747	64,780	324	(8,388)	(2,420)	(17)	62,026	2,870
Increase (Decrease) in Stockholders' Equity
Common stock, dividends per share, paid (in dollars per share)	$ 0.835
Balance at the beginning of the period at Dec. 31, 2021	$ 63,368	7,747	64,799	365	(10,989)	(1,096)	0		2,542
Increase (Decrease) in Stockholders' Equity
Redemption of preference shares		(929)
Stock-based compensation				18
Options exercised			48	(45)
Share purchases at stated value			(88)
Other			(4)	(33)
Change in reciprocal interest				0			0
Earnings attributable to controlling interests	2,624				2,624
Preference share dividends					(247)
Common share dividends declared					(1,743)
Dividends paid to reciprocal shareholder					0
Share purchases in excess of stated value					(63)
Other comprehensive income/(loss) attributable to common shareholders, net of tax						1,634
Earnings attributable to noncontrolling interests									40
Change in unrealized loss on cash flow hedges									(6)
Foreign currency translation adjustments									37
Other comprehensive income/(loss) attributable to common shareholders, net of tax									31
Comprehensive income attributable to noncontrolling interests	(71)								71
Distributions									(127)
Contributions									8
Other					0				45
Balance at the end of the period at Jun. 30, 2022	$ 64,537	6,818	64,755	305	(10,418)	538	0	61,998	2,539
Increase (Decrease) in Stockholders' Equity
Common stock, dividends per share, paid (in dollars per share)	$ 1.720
Balance at the beginning of the period at Mar. 31, 2022		7,010	64,801	316	(9,082)	(1,308)	0		2,536
Increase (Decrease) in Stockholders' Equity
Redemption of preference shares		(192)
Stock-based compensation				5
Options exercised			12	(11)
Share purchases at stated value			(58)
Other			0	(5)
Change in reciprocal interest				0			0
Earnings attributable to controlling interests	$ 595				595
Preference share dividends					(145)
Common share dividends declared					(1,743)
Dividends paid to reciprocal shareholder					0
Share purchases in excess of stated value					(43)
Other comprehensive income/(loss) attributable to common shareholders, net of tax						1,846
Earnings attributable to noncontrolling interests									12
Change in unrealized loss on cash flow hedges									(8)
Foreign currency translation adjustments									54
Other comprehensive income/(loss) attributable to common shareholders, net of tax									46
Comprehensive income attributable to noncontrolling interests	(58)								58
Distributions									(67)
Contributions									2
Other					0				10
Balance at the end of the period at Jun. 30, 2022	$ 64,537	$ 6,818	$ 64,755	$ 305	$ (10,418)	$ 538	$ 0	$ 61,998	$ 2,539
Increase (Decrease) in Stockholders' Equity
Common stock, dividends per share, paid (in dollars per share)	$ 0.860

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - CAD ($) $ in Millions	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Operating activities
Earnings	$ 2,664	$ 3,535
Adjustments to reconcile earnings to net cash provided by operating activities:
Depreciation and amortization	2,119	1,861
Deferred income tax expense	469	647
Unrealized derivative fair value (gain)/loss, net	415	(448)
Income from equity investments	(1,001)	(747)
Distributions from equity investments	878	737
Gain on disposition	0	(41)
Other	67	(128)
Changes in operating assets and liabilities	(138)	(363)
Net cash provided by operating activities	5,473	5,053
Investing activities
Capital expenditures	(2,002)	(3,725)
Long-term investments and restricted long-term investments	(388)	(155)
Distributions from equity investments in excess of cumulative earnings	296	246
Additions to intangible assets	(91)	(118)
Proceeds from disposition	0	122
Affiliate loans, net	65	29
Net cash used in investing activities	(2,120)	(3,601)
Financing activities
Net change in short-term borrowings	105	289
Net change in commercial paper and credit facility draws	1,031	739
Debenture and term note issues, net of issue costs	2,642	3,247
Debenture and term note repayments	(1,333)	(1,888)
Contributions from noncontrolling interests	8	9
Distributions to noncontrolling interests	(127)	(143)
Common shares issued	3	3
Common shares repurchased	(151)	0
Preference share dividends	(173)	(182)
Common share dividends	(3,485)	(3,382)
Redemption of preferred shares held by subsidiary	0	(115)
Redemption of preference shares	(1,003)	0
Other	(122)	(40)
Net cash used in financing activities	(2,605)	(1,463)
Effect of translation of foreign denominated cash and cash equivalents and restricted cash	20	(20)
Net change in cash and cash equivalents and restricted cash	768	(31)
Cash and cash equivalents and restricted cash at beginning of period	320	490
Cash and cash equivalents and restricted cash at end of period	$ 1,088	$ 459

CONSOLIDATED STATEMENTS OF FINA

CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - CAD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Current assets
Cash and cash equivalents	$ 1,045	$ 286
Restricted cash	43	34
Accounts receivable and other	7,545	6,862
Accounts receivable from affiliates	248	107
Inventory	1,546	1,670
Total current assets	10,427	8,959
Property, plant and equipment, net	101,290	100,067
Long-term investments	13,687	13,324
Restricted long-term investments	543	630
Deferred amounts and other assets	9,360	8,613
Intangible assets, net	3,916	4,008
Goodwill	33,277	32,775
Deferred income taxes	316	488
Total assets	172,816	168,864
Current liabilities
Short-term borrowings	1,620	1,515
Accounts payable and other	8,206	9,767
Accounts payable to affiliates	257	90
Interest payable	704	693
Current portion of long-term debt	7,188	6,164
Total current liabilities	17,975	18,229
Long-term debt	70,005	67,961
Other long-term liabilities	7,799	7,617
Deferred income taxes	12,500	11,689
Total liabilities	108,279	105,496
Contingencies
Share capital
Preference shares	6,818	7,747
Common shares (2,025 and 2,026 outstanding at June 30, 2022 and December 31, 2021)	64,755	64,799
Additional paid-in capital	305	365
Deficit	(10,418)	(10,989)
Accumulated other comprehensive income/(loss)	538	(1,096)
Total Enbridge Inc. shareholders' equity	61,998	60,826
Noncontrolling interests	2,539	2,542
Equity	64,537	63,368
Total liabilities and equity	$ 172,816	$ 168,864

CONSOLIDATED STATEMENTS OF FI_2

CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (Parenthetical) - shares shares in Millions	Jun. 30, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Common shares, outstanding (in shares)	2,025	2,026

BASIS OF PRESENTATION

BASIS OF PRESENTATION	6 Months Ended
	Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PRESENTATION	BASIS OF PRESENTATION The accompanying unaudited interim consolidated financial statements of Enbridge Inc. ("we", "our", "us" and "Enbridge") have been prepared in accordance with generally accepted accounting principles in the United States of America (US GAAP) and Regulation S-X for interim consolidated financial information. They do not include all of the information and notes required by US GAAP for annual consolidated financial statements and should therefore be read in conjunction with our audited consolidated financial statements and notes for the year ended December 31, 2021. In the opinion of management, the interim consolidated financial statements contain all normal recurring adjustments necessary to present fairly our financial position, results of operations and cash flows for the interim periods reported. These interim consolidated financial statements follow the same significant accounting policies as those included in our audited consolidated financial statements for the year ended December 31, 2021, except for the adoption of new standards (Note 2) . Amounts are stated in Canadian dollars unless otherwise noted. Our operations and earnings for interim periods can be affected by seasonal fluctuations within the gas distribution utility businesses, as well as other factors such as supply of and demand for crude oil and natural gas, and may not be indicative of annual results. Certain comparative figures in our interim consolidated financial statements have been reclassified to conform to the current year's presentation.

CHANGES IN ACCOUNTING POLICIES

CHANGES IN ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2022
Accounting Standards Update and Change in Accounting Principle [Abstract]
CHANGES IN ACCOUNTING POLICIES	CHANGES IN ACCOUNTING POLICIES ADOPTION OF NEW ACCOUNTING STANDARDS Disclosures About Government Assistance Effective January 1, 2022, we adopted Accounting Standards Update (ASU) 2021-10 on a prospective basis. The new standard was issued in November 2021 to increase the transparency of government assistance to business entities. The ASU adds new disclosure requirements for transactions with governments that are accounted for using a grant or contribution accounting model by analogy. The required disclosures include information about the nature of transactions, accounting policy applied, impacted financial statement line items and significant terms and conditions. The adoption of this ASU did not have a material impact on our consolidated financial statements. Accounting for Certain Lessor Leases with Variable Lease Payments Effective January 1, 2022, we adopted ASU 2021-05 on a prospective basis. The new standard was issued in July 2021 to amend lessor accounting for certain leases with variable lease payments that do not depend on a reference index or a rate and would have resulted in the recognition of a loss at lease commencement if classified as a sales-type or a direct financing lease. The ASU amends the classification requirements of such leases for lessors to result in an operating lease classification. The adoption of this ASU did not have a material impact on our consolidated financial statements. Accounting for Modifications or Exchanges of Certain Equity-Classified Contracts Effective January 1, 2022, we adopted ASU 2021-04 on a prospective basis. The new standard was issued in May 2021 to clarify issuer accounting for modifications or exchanges of freestanding equity-classified written call options that remain equity classified after modification or exchange. The ASU requires an issuer to determine the accounting for the modification or exchange based on the economic substance of the modification or exchange. The adoption of this ASU did not have a material impact on our consolidated financial statements. Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity Effective January 1, 2022, we adopted ASU 2020-06 on a modified retrospective basis. The new standard was issued in August 2020 to simplify accounting for certain financial instruments. The ASU eliminates the current models that require separation of beneficial conversion and cash conversion features from convertible instruments and simplifies the derivative scope exception guidance pertaining to equity classification of contracts in an entity’s own equity. The ASU also introduces additional disclosures for convertible debt and freestanding instruments that are indexed to and settled in an entity’s own equity. The ASU amends the diluted earnings per share guidance, including the requirement to use if-converted method for all convertible instruments and an update for instruments that can be settled in either cash or shares. The adoption of this ASU did not have a material impact on our consolidated financial statements.

REVENUE

REVENUE	6 Months Ended
	Jun. 30, 2022
Revenue from Contract with Customer [Abstract]
REVENUE	REVENUE REVENUE FROM CONTRACTS WITH CUSTOMERS Major Products and Services Liquids Pipelines Gas Transmission and Midstream Gas Distribution and Storage Renewable Power Generation Energy Services Eliminations and Other Consolidated Three months ended (millions of Canadian dollars) Transportation revenue 2,565 1,200 157 — — — 3,922 Storage and other revenue 64 83 99 — — — 246 Gas gathering and processing revenue — 6 — — — — 6 Gas distribution revenue — — 919 — — — 919 Electricity and transmission revenue — — — 81 — — 81 Total revenue from contracts with customers 2,629 1,289 1,175 81 — — 5,174 Commodity sales — — — — 8,108 — 8,108 Other revenue 1,2 (145) 11 (37) 74 30 — (67) Intersegment revenue 154 1 — — — (155) — Total revenue 2,638 1,301 1,138 155 8,138 (155) 13,215 Liquids Pipelines Gas Transmission and Midstream Gas Distribution and Storage Renewable Power Generation Energy Services Eliminations and Other Consolidated Three months ended (millions of Canadian dollars) Transportation revenue 2,157 1,046 150 — — — 3,353 Storage and other revenue 37 63 51 — — — 151 Gas gathering and processing revenue — 10 — — — — 10 Gas distribution revenue — — 725 — — — 725 Electricity and transmission revenue — — — 55 — — 55 Total revenue from contracts with customers 2,194 1,119 926 55 — — 4,294 Commodity sales — — — — 6,334 — 6,334 Other revenue 1,2 215 9 12 77 1 6 320 Intersegment revenue 138 — 15 — 10 (163) — Total revenue 2,547 1,128 953 132 6,345 (157) 10,948 Liquids Pipelines Gas Transmission and Midstream Gas Distribution and Storage Renewable Power Generation Energy Services Eliminations and Other Consolidated Six months ended (millions of Canadian dollars) Transportation revenue 5,250 2,394 408 — — — 8,052 Storage and other revenue 115 167 146 — — — 428 Gas gathering and processing revenue — 21 — — — — 21 Gas distribution revenue — — 3,017 — — — 3,017 Electricity and transmission revenue — — — 143 — — 143 Total revenue from contracts with customers 5,365 2,582 3,571 143 — — 11,661 Commodity sales — — — — 16,433 — 16,433 Other revenue 1,2 33 18 (33) 168 32 — 218 Intersegment revenue 295 1 11 — 10 (317) — Total revenue 5,693 2,601 3,549 311 16,475 (317) 28,312 Liquids Pipelines Gas Transmission and Midstream Gas Distribution and Storage Renewable Power Generation Energy Services Eliminations and Other Consolidated Six months ended (millions of Canadian dollars) Transportation revenue 4,486 2,167 366 — — — 7,019 Storage and other revenue 63 137 109 — — — 309 Gas gathering and processing revenue — 17 — — — — 17 Gas distribution revenue — — 2,259 — — — 2,259 Electricity and transmission revenue — — — 81 — — 81 Total revenue from contracts with customers 4,549 2,321 2,734 81 — — 9,685 Commodity sales — — — — 12,763 — 12,763 Other revenue 1,2 427 21 18 168 1 2 637 Intersegment revenue 270 — 24 — 14 (308) — Total revenue 5,246 2,342 2,776 249 12,778 (306) 23,085 1 Includes mark-to -market gains/(losses) f rom our hedging program for the three months ended June 30, 2022 and 2021 of $198 million loss and $131 million gain, respectively. For the six months ended June 30, 2022 and 2021, Other revenue includes a $104 million mark-to-market loss and a $261 million mark-to-market gain, respectively. 2 Includes revenues from lease contracts for the three months ended June 30, 2022 and 2021 of $143 million and $143 million, respectively, and for the six months ended June 30, 2022 and 2021 of $307 million and $302 million, respectively. We disaggregate revenues into categories which represent our principal performance obligations within each business segment. These revenue categories represent the most significant revenue streams in each segment and consequently are considered to be the most relevant revenue information for management to consider in evaluating performance. Contract Balances Contract Receivables Contract Assets Contract Liabilities (millions of Canadian dollars) Balance as at June 30, 2022 2,256 223 2,043 Balance as at December 31, 2021 2,369 213 1,898 Contract receivables represent the amount of receivables derived from contracts with customers. Contract assets represent the amount of revenues which have been recognized in advance of payments received for performance obligations we have fulfilled (or partially fulfilled) and prior to the point in time at which our right to payment is unconditional. Amounts included in contract assets are transferred to accounts receivable when our right to receive the consideration becomes unconditional. Contract liabilities represent payments received for performance obligations which have not been fulfilled. Contract liabilities primarily relate to make-up rights and deferred revenues. Revenue recognized during the three and six months ended June 30, 2022 included in contract liabilities at the beginning of the period is $21 million and $82 million, respectively. Increases in contract liabilities from cash received, net of amounts recognized as revenues, during the three and six months ended June 30, 2022 were $131 million and $228 million, respectively. Performance Obligations There were no material revenues recognized in the three and six months ended June 30, 2022 from performance obligations satisfied in previous periods. Revenues to be Recognized from Unfulfilled Performance Obligations Total revenues from performance obligations expected to be fulfilled in future periods are $58.3 billion, of which $3.7 billion and $6.3 billion are expected to be recognized during the remaining six months ending December 31, 2022 and the year ending December 31, 2023, respectively. The revenues excluded from the amounts above based on optional exemptions available under Accounting Standards Codification 606, as explained below, represent a significant portion of our overall revenues and revenues from contracts with customers. Certain revenues such as flow-through operating costs charged to shippers are recognized at the amount for which we have the right to invoice our customers and are excluded from the amounts for revenues to be recognized in the future from unfulfilled performance obligations above. Variable consideration is excluded from the amounts above due to the uncertainty of the associated consideration, which is generally resolved when actual volumes and prices are determined. For example, we consider interruptible transportation service revenues to be variable revenues since volumes cannot be estimated. Additionally, the effect of escalation on certain tolls which are contractually escalated for inflation has not been reflected in the amounts above as it is not possible to reliably estimate future inflation rates. Revenues for periods extending beyond the current rate settlement term for regulated contracts where the tolls are periodically reset by the regulator are excluded from the amounts above since future tolls remain unknown. Finally, revenues from contracts with customers which have an original expected duration of one year or less are excluded from the amounts above. Variable Consideration During the three and six months ended June 30, 2022, revenue for the Canadian Mainline has been recognized in accordance with the terms of the Competitive Tolling Settlement, which expired on June 30, 2021. The tolls in place on June 30, 2021 continue on an interim basis until a new commercial arrangement is implemented and are subject to finalization and adjustment applicable to the interim period, if any. Due to the uncertainty of adjustment to tolling pursuant to a Canada Energy Regulator (CER) decision and potential customer negotiations, interim toll revenue recognized during the three and six months ended June 30, 2022 is considered variable consideration. Recognition and Measurement of Revenues Liquids Pipelines Gas Transmission and Midstream Gas Distribution and Storage Renewable Power Generation Consolidated Three months ended (millions of Canadian dollars) Revenues from products transferred at a point in time — — 20 — 20 Revenues from products and services transferred over time 1 2,629 1,289 1,155 81 5,154 Total revenue from contracts with customers 2,629 1,289 1,175 81 5,174 Liquids Pipelines Gas Transmission and Midstream Gas Distribution and Storage Renewable Power Generation Consolidated Three months ended (millions of Canadian dollars) Revenues from products transferred at a point in time — — 17 — 17 Revenues from products and services transferred over time 1 2,194 1,119 909 55 4,277 Total revenue from contracts with customers 2,194 1,119 926 55 4,294 Liquids Pipelines Gas Transmission and Midstream Gas Distribution and Storage Renewable Power Generation Consolidated Six months ended (millions of Canadian dollars) Revenues from products transferred at a point in time — — 36 — 36 Revenues from products and services transferred over time 1 5,365 2,582 3,535 143 11,625 Total revenue from contracts with customers 5,365 2,582 3,571 143 11,661 Liquids Pipelines Gas Transmission and Midstream Gas Distribution and Storage Renewable Power Generation Consolidated Six months ended (millions of Canadian dollars) Revenues from products transferred at a point in time — — 34 — 34 Revenues from products and services transferred over time 1 4,549 2,321 2,700 81 9,651 Total revenue from contracts with customers 4,549 2,321 2,734 81 9,685 1 Revenue from crude oil and natural gas pipeline transportation, storage, natural gas gathering, compression and treating, natural gas distribution, natural gas storage services and electricity sales.

SEGMENTED INFORMATION

SEGMENTED INFORMATION	6 Months Ended
	Jun. 30, 2022
Segment Reporting [Abstract]
SEGMENTED INFORMATION	SEGMENTED INFORMATION Liquids Pipelines Gas Transmission and Midstream Gas Distribution and Storage Renewable Power Generation Energy Services Eliminations and Other Consolidated Three months ended (millions of Canadian dollars) Operating revenues 2,638 1,301 1,138 155 8,138 (155) 13,215 Commodity and gas distribution costs (16) — (463) (4) (8,305) 151 (8,637) Operating and administrative (976) (545) (281) (53) (11) (128) (1,994) Income/(loss) from equity investments 153 335 1 23 — (2) 510 Other income/(expense) 19 28 22 1 1 (570) (499) Earnings/(loss) before interest, income taxes, and depreciation and amortization 1,818 1,119 417 122 (177) (704) 2,595 Depreciation and amortization (1,064) Interest expense (791) Income tax expense (133) Earnings 607 Capital expenditures 1 273 333 334 11 — 12 963 Liquids Pipelines Gas Transmission and Midstream Gas Distribution and Storage Renewable Power Generation Energy Services Eliminations and Other Consolidated Three months ended June 30, 2021 (millions of Canadian dollars) Operating revenues 2,547 1,128 953 132 6,345 (157) 10,948 Commodity and gas distribution costs (7) — (299) — (6,567) 154 (6,719) Operating and administrative (673) (424) (242) (37) (9) (99) (1,484) Income from equity investments 180 132 27 13 — — 352 Other income/(expense) (3) 32 19 7 (8) 194 241 Earnings/(loss) before interest, income taxes, and depreciation and amortization 2,044 868 458 115 (239) 92 3,338 Depreciation and amortization (929) Interest expense (618) Income tax expense (270) Earnings 1,521 Capital expenditures 1 567 547 300 2 — 9 1,425 Liquids Pipelines Gas Transmission and Midstream Gas Distribution and Storage Renewable Power Generation Energy Services Eliminations and Other Consolidated Six months ended (millions of Canadian dollars) Operating revenues 5,693 2,601 3,549 311 16,475 (317) 28,312 Commodity and gas distribution costs (27) — (1,931) (8) (16,732) 314 (18,384) Operating and administrative (1,923) (1,075) (580) (101) (25) (165) (3,869) Income/(loss) from equity investments 368 556 1 78 — (2) 1,001 Other income/(expense) 36 51 43 4 4 (179) (41) Earnings/(loss) before interest, income taxes, and depreciation and amortization 4,147 2,133 1,082 284 (278) (349) 7,019 Depreciation and amortization (2,119) Interest expense (1,510) Income tax expense (726) Earnings 2,664 Capital expenditures 1 818 562 600 17 — 24 2,021 Liquids Pipelines Gas Transmission and Midstream Gas Distribution and Storage Renewable Power Generation Energy Services Eliminations and Other Consolidated Six months ended (millions of Canadian dollars) Operating revenues 5,246 2,342 2,776 249 12,778 (306) 23,085 Commodity and gas distribution costs (10) — (1,257) — (12,920) 320 (13,867) Operating and administrative (1,492) (858) (514) (80) (23) (76) (3,043) Income from equity investments 334 314 49 50 — — 747 Other income/(expense) 5 43 38 52 (10) 374 502 Earnings/(loss) before interest, income taxes, and depreciation and amortization 4,083 1,841 1,092 271 (175) 312 7,424 Depreciation and amortization (1,861) Interest expense (1,275) Income tax expense (753) Earnings 3,535 Capital expenditures 1 1,923 1,029 519 7 — 21 3,499 1 Includes allowance for equity funds used during construction.

EARNINGS PER COMMON SHARE AND D

EARNINGS PER COMMON SHARE AND DIVIDENDS PER SHARE	6 Months Ended
	Jun. 30, 2022
Earnings Per Share [Abstract]
EARNINGS PER COMMON SHARE AND DIVIDENDS PER SHARE	EARNINGS PER COMMON SHARE AND DIVIDENDS PER SHARE BASIC Earnings per common share is calculated by dividing earnings attributable to common shareholders by the weighted average number of common shares outstanding. On December 30, 2021, we closed the sale of our minority ownership in Noverco Inc. (Noverco). For the three and six months ended June 30, 2021, the weighted average number of common shares outstanding was reduced by our pro-rata weighted average interest in our own common shares of approximately 2 million and 3 million, respectively, resulting from our reciprocal investment in Noverco. DILUTED The treasury stock method is used to determine the dilutive impact of stock options and restricted stock units (RSU). This method assumes any proceeds from the exercise of stock options would be used to purchase common shares at the average market price during the period. Weighted average shares outstanding used to calculate basic and diluted earnings per share are as follows: Three months ended Six months ended 2022 2021 2022 2021 (number of shares in millions) Weighted average shares outstanding 2,026 2,024 2,026 2,023 Effect of dilutive options and RSUs 4 2 4 1 Diluted weighted average shares outstanding 2,030 2,026 2,030 2,024 For the three months ended June 30, 2022 and 2021, 3.2 million and 20.5 million, respectively, of anti-dilutive stock options with a weighted average exercise price of $59.29 and $50.66, respectively, were excluded from the diluted earnings per common share calculation. For the six months ended June 30, 2022 and 2021, 8.0 million and 24.0 million, respectively, of anti-dilutive stock options with a weighted average exercise price of $56.72 and $51.10, respectively, were excluded from the diluted earnings per common share calculation. DIVIDENDS PER SHARE On July 26, 2022, our Board of Directors declared the following quarterly dividends. All dividends are payable on September 1, 2022 to shareholders of record on August 15, 2022. Dividend per share Common Shares 1 $0.86000 Preference Shares, Series A $0.34375 Preference Shares, Series B 2 $0.32513 Preference Shares, Series D $0.27875 Preference Shares, Series F $0.29306 Preference Shares, Series H $0.27350 Preference Shares, Series L US$0.30993 Preference Shares, Series N $0.31788 Preference Shares, Series P $0.27369 Preference Shares, Series R $0.25456 Preference Shares, Series 1 US$0.37182 Preference Shares, Series 3 $0.23356 Preference Shares, Series 5 US$0.33596 Preference Shares, Series 7 $0.27806 Preference Shares, Series 9 $0.25606 Preference Shares, Series 11 $0.24613 Preference Shares, Series 13 $0.19019 Preference Shares, Series 15 $0.18644 Preference Shares, Series 19 $0.30625 1 The quarterly dividend per common share was increased 3% to $0.86 from $0.835, effective March 1, 2022. 2 The quarterly dividend per share paid on Preference Shares, Series B was increased to $0.32513 from $0.21340 on June 1, 2022 due to reset of the annual dividend on June 1, 2022. On June 1, 2022, all outstanding Preference Shares, Series C were converted to Preference Shares, Series B. PREFERENCE SHARE REDEMPTIONS On March 1, 2022, we redeemed our $750 million outstanding Cumulative Redeemable Minimum Rate Reset Preference Shares, Series 17. On June 1, 2022, we also redeemed our US$200 million outstanding Cumulative Redeemable Preference Shares, Series J. Dividends are cumulative, payable quarterly and are included in Preference share dividends in the Consolidated Statements of Earnings.

DEBT

DEBT	6 Months Ended
	Jun. 30, 2022
Debt Disclosure [Abstract]
DEBT	DEBT CREDIT FACILITIES The following table provides details of our committed credit facilities as at June 30, 2022: Maturity 1 Total Draws 2 Available (millions of Canadian dollars) Enbridge Inc. 2023-2026 10,818 9,153 1,665 Enbridge (U.S.) Inc. 2023-2026 7,095 4,493 2,602 Enbridge Pipelines Inc. 2024 2,000 797 1,203 Enbridge Gas Inc. 2023 2,000 1,620 380 Total committed credit facilities 21,913 16,063 5,850 1 Maturity date is inclusive of the one-year term out option for certain credit facilities. 2 Includes facility draws and commercial paper issuances that are back-stopped by credit facilities. On February 10, 2022, we renewed our three year $1.0 billion sustainability-linked credit facility, extending the maturity date out to July 2025. On May 17, 2022, we entered into a three year term loan with a syndicate of Japanese banks for approximately $806 million (¥84.8 billion), which will mature in May 2025 and replaces the approximately $499 million (¥52.5 billion) term loan that matured in May 2022. Additionally, on May 24, 2022, we entered into a 364-day term loan for approximately $1.9 billion, which will mature in May 2023. On June 23, 2022, we renewed approximately $5.5 billion of our 364-day extendible credit facilities to July 2024, which includes a one-year term out provision from July 2023. On July 15 and 22, 2022, we renewed $3.0 billion of our five year credit facilities, extending the maturity date out to July 2027. We also extended approximately $4.8 billion of our 364-day extendible credit facilities to July 2024, which includes a one-year term out provision, from July 2023. As part of the renewal, we also increased our credit facilities by approximately $481 million. In addition to the committed credit facilities noted above, we maintain $1.3 billion of uncommitted demand letter of credit facilities, of which $791 million was unutilized as at June 30, 2022. As at December 31, 2021, we had $1.3 billion of uncommitted demand letter of credit facilities, of which $854 million was unutilized. Our credit facilities carry a weighted average standby fee of 0.1% per annum on the unused portion and draws bear interest at market rates. Certain credit facilities serve as a back-stop to the commercial paper programs and we have the option to extend such facilities, which are currently scheduled to mature from 2023 to 2027. As at June 30, 2022 and December 31, 2021, commercial paper and credit facility draws, net of short-term borrowings and non-revolving credit facilities that mature within one year, of $12.3 billion and $11.3 billion, respectively, were supported by the availability of long-term committed credit facilities and, therefore, have been classified as long-term debt. LONG-TERM DEBT ISSUANCES During the six months ended June 30, 2022, we completed the following long-term debt issuances totaling $750 million and US$1.5 billion: Company Issue Date Principal Amount (millions of Canadian dollars unless otherwise stated) Enbridge Inc. January 2022 5.00% hybrid fixed-to-fixed subordinated notes due January 2082 $750 February 2022 Floating rate senior notes due February 2024 1 US$600 February 2022 2.15% senior notes due February 2024 US$400 February 2022 2.50% senior notes due February 2025 US$500 1 Notes carry an interest rate set to equal the Secured Overnight Financing Rate plus a margin of 63 basis points. LONG-TERM DEBT REPAYMENTS During the six months ended June 30, 2022, we completed the following long-term debt repayments totaling US$784 million and $334 million: Company Repayment Date Principal Amount (millions of Canadian dollars unless otherwise stated) Enbridge Inc. February 2022 Floating rate notes 1 US$750 February 2022 4.85% medium-term notes $200 Enbridge Gas Inc. April 2022 4.85% medium-term notes $125 Enbridge Pipelines (Southern Lights) L.L.C. June 2022 3.98% senior notes US$34 Enbridge Southern Lights LP June 2022 4.01% senior notes $9 1 Notes carried an interest rate set to equal the three-month London Interbank Offered Rate plus a margin of 50 basis points. SUBORDINATED TERM NOTES As at June 30, 2022 and December 31, 2021, our fixed-to-floating rate and fixed-to-fixed rate subordinated term notes had a principal value of $8.6 billion and $7.7 billion, respectively. FAIR VALUE ADJUSTMENT As at June 30, 2022 and December 31, 2021, the net fair value adjustments to total debt assumed in a historical acquisition were $635 million and $667 million, respectively. During the three and six months ended June 30, 2022, amortization of the fair value adjustment recorded as a reduction to Interest expense in the Consolidated Statements of Earnings was $11 million (June 30, 2021 - $13 million) and $22 million (June 30, 2021 - $25 million), respectively. DEBT COVENANTS Our 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 are to default on payment or violate certain covenants. As at June 30, 2022, we are in compliance with all covenant provisions.

COMPONENTS OF ACCUMULATED OTHER

COMPONENTS OF ACCUMULATED OTHER COMPREHENSIVE INCOME/(LOSS)	6 Months Ended
	Jun. 30, 2022
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]
COMPONENTS OF ACCUMULATED OTHER COMPREHENSIVE INCOME/(LOSS)	COMPONENTS OF ACCUMULATED OTHER COMPREHENSIVE INCOME/(LOSS) Changes in Accumulated other comprehensive income/(loss) (AOCI) attributable to our common shareholders for the six months ended June 30, 2022 and 2021 are as follows: Cash Excluded Net Cumulative Equity Pension Total (millions of Canadian dollars) Balance as at January 1, 2022 (897) — (166) 56 (5) (84) (1,096) Other comprehensive income/(loss) retained in AOCI 854 (5) (253) 1,136 — — 1,732 Other comprehensive loss/(income) reclassified to earnings Interest rate contracts 1 142 — — — — — 142 Foreign exchange contracts 2 (4) — — — — — (4) Other contracts 3 2 — — — — — 2 Amortization of pension and OPEB actuarial gain 4 — — — — — (6) (6) 994 (5) (253) 1,136 — (6) 1,866 Tax impact Income tax on amounts retained in AOCI (202) — — — — — (202) Income tax on amounts reclassified to earnings (31) — — — — 1 (30) (233) — — — — 1 (232) Balance as at June 30, 2022 (136) (5) (419) 1,192 (5) (89) 538 Cash Excluded Net Cumulative Equity Pension Total (millions of Canadian dollars) Balance as at January 1, 2021 (1,326) 5 (215) 568 66 (499) (1,401) Other comprehensive income/(loss) retained in AOCI 294 (2) 251 (1,584) 1 — (1,040) Other comprehensive loss/(income) reclassified to earnings Interest rate contracts 1 142 — — — — — 142 Foreign exchange contracts 2 3 — — — — — 3 Other contracts 3 1 — — — — — 1 Amortization of pension and OPEB actuarial loss 4 — — — — — 14 14 Other 17 — — (20) 3 — — 457 (2) 251 (1,604) 4 14 (880) Tax impact Income tax on amounts retained in AOCI (75) — (29) — 1 — (103) Income tax on amounts reclassified to earnings (33) — — — — (3) (36) (108) — (29) — 1 (3) (139) Balance as at June 30, 2021 (977) 3 7 (1,036) 71 (488) (2,420) 1 Reported within Interest expense in the Consolidated Statements of Earnings. 2 Reported within Transportation and other services revenues and Net foreign currency gain/(loss) in the Consolidated Statements of Earnings. 3 Reported within Operating and administrative expense in the Consolidated Statements of Earnings. 4 These components are included in the computation of net periodic benefit costs and are reported within Other income/(expense) in the Consolidated Statements of Earnings.

RISK MANAGEMENT AND FINANCIAL I

RISK MANAGEMENT AND FINANCIAL INSTRUMENTS	6 Months Ended
	Jun. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
RISK MANAGEMENT AND FINANCIAL INSTRUMENTS	RISK MANAGEMENT AND FINANCIAL INSTRUMENTS MARKET RISK Our earnings, cash flows and other comprehensive income/(loss) (OCI) are subject to movements in foreign exchange rates, interest rates, commodity prices and our share price (collectively, market risks). Formal risk management policies, processes and systems have been designed to mitigate these risks. The following summarizes the types of market risks to which we are exposed and the risk management instruments used to mitigate them. We use a combination of qualifying and non-qualifying derivative instruments to manage the risks noted below. Foreign Exchange Risk We generate certain revenues, incur expenses, and hold a number of investments and subsidiaries that are denominated in currencies other than Canadian dollars. As a result, our earnings, cash flows and OCI are exposed to fluctuations resulting from foreign exchange rate variability. We employ financial derivative instruments to hedge foreign currency denominated earnings exposure. A combination of qualifying cash flow, fair value and non-qualifying derivative instruments is used to hedge anticipated foreign currency denominated revenues and expenses, and to manage variability in cash flows. We hedge certain net investments in United States (US) dollar denominated investments and subsidiaries using US dollar denominated debt. Interest Rate Risk Our earnings and cash flows are exposed to short-term interest rate variability due to the regular repricing of our variable rate debt, primarily commercial paper. We monitor our debt portfolio mix of fixed and variable rate debt instruments to manage a consolidated portfolio of floating rate debt within the Board of Directors approved policy limit of a maximum of 30% of floating rate debt as a percentage of total debt outstanding. We primarily use qualifying derivative instruments to manage interest rate risk. Pay fixed-receive floating interest rate swaps may be used to hedge against the effect of future interest rate movements. We have implemented a program to mitigate the impact of short-term interest rate volatility on interest expense via execution of floating-to-fixed interest rate swaps with an average swap rate of 1.9%. We are exposed to changes in the fair value of fixed rate debt that arise as a result of the changes in market interest rates. Pay floating-receive fixed interest rate swaps are used, when applicable, to hedge against future changes to the fair value of fixed rate debt which mitigates the impact of fluctuations in the fair value of fixed rate debt via execution of fixed-to-floating interest rate swaps. As at June 30, 2022, we do not have any pay floating-receive fixed interest rate swaps outstanding. Our earnings and cash flows are also exposed to variability in longer term interest rates ahead of anticipated fixed rate term debt issuances. Forward starting interest rate swaps are used to hedge against the effect of future interest rate movements. We have established a program including some of our subsidiaries to mitigate our exposure to long-term interest rate variability on select forecast term debt issuances via execution of floating-to-fixed interest rate swaps with an average swap rate of 2.2%. Commodity Price Risk Our earnings and cash flows are exposed to changes in commodity prices as a result of our ownership interests in certain assets and investments, as well as through the activities of our energy services subsidiaries. These commodities include natural gas, crude oil, power and natural gas liquids (NGL). We employ financial and physical derivative instruments to fix a portion of the variable price exposures that arise from physical transactions involving these commodities. We use primarily non-qualifying derivative instruments to manage commodity price risk. Equity Price Risk Equity price risk is the risk of earnings fluctuations due to changes in our share price. We have exposure to our own common share price through the issuance of various forms of stock-based compensation, which affect earnings through revaluation of the outstanding units every period. We use equity derivatives to manage the earnings volatility derived from one form of stock-based compensation, restricted share units. We use a combination of qualifying and non-qualifying derivative instruments to manage equity price risk. TOTAL DERIVATIVE INSTRUMENTS We generally have a policy of entering into individual International Swaps and Derivatives Association, Inc. (ISDA) agreements, or other similar derivative agreements, with the majority of our financial derivative counterparties. These agreements provide for the net settlement of derivative instruments outstanding with specific counterparties in the event of bankruptcy or other significant credit events, and reduce our credit risk exposure on financial derivative asset positions outstanding with the counterparties in those circumstances. The following table summarizes 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. All amounts are presented gross in the Consolidated Statements of Financial Position. June 30, 2022 Derivative Derivative Non- Total Gross Amounts Total Net (millions of Canadian dollars) Accounts receivable and other Foreign exchange contracts — — 140 140 (41) 99 Interest rate contracts 341 — 1 342 (21) 321 Commodity contracts — — 358 358 (254) 104 Other contracts 2 — 6 8 — 8 343 — 505 848 1 (316) 532 Deferred amounts and other assets Foreign exchange contracts — 20 183 203 (123) 80 Interest rate contracts 566 — — 566 — 566 Commodity contracts — — 60 60 (22) 38 Other contracts 2 — 2 4 — 4 568 20 245 833 (145) 688 Accounts payable and other Foreign exchange contracts — (31) (221) (252) 41 (211) Interest rate contracts (10) — (41) (51) 21 (30) Commodity contracts (23) — (415) (438) 254 (184) (33) (31) (677) (741) 1 316 (425) Other long-term liabilities Foreign exchange contracts — (8) (574) (582) 123 (459) Interest rate contracts (3) — — (3) — (3) Commodity contracts (19) — (119) (138) 22 (116) (22) (8) (693) (723) 145 (578) Total net derivative assets/(liabilities) Foreign exchange contracts — (19) (472) (491) — (491) Interest rate contracts 894 — (40) 854 — 854 Commodity contracts (42) — (116) (158) — (158) Other contracts 4 — 8 12 — 12 856 (19) (620) 217 — 217 1 As at June 30, 2022, $84 million and $128 million were reported within Accounts receivable from affiliates and Accounts payable to affiliates, respectively, in the Consolidated Statements of Financial Position. December 31, 2021 Derivative Derivative Non- Total Gross Amounts Total Net (millions of Canadian dollars) Accounts receivable and other Foreign exchange contracts — — 259 259 (41) 218 Interest rate contracts 64 — — 64 — 64 Commodity contracts — — 204 204 (129) 75 Other contracts — — 2 2 — 2 64 — 465 529 (170) 359 Deferred amounts and other assets Foreign exchange contracts — — 240 240 (61) 179 Interest rate contracts 88 — — 88 (1) 87 Commodity contracts — — 29 29 (13) 16 Other contracts — — 3 3 — 3 88 — 272 360 (75) 285 Accounts payable and other Foreign exchange contracts (15) (112) (176) (303) 41 (262) Interest rate contracts (150) — — (150) — (150) Commodity contracts (14) — (250) (264) 129 (135) (179) (112) (426) (717) 170 (547) Other long-term liabilities Foreign exchange contracts — — (423) (423) 61 (362) Interest rate contracts (1) — (23) (24) 1 (23) Commodity contracts (17) — (67) (84) 13 (71) (18) — (513) (531) 75 (456) Total net derivative assets/(liabilities) Foreign exchange contracts (15) (112) (100) (227) — (227) Interest rate contracts 1 — (23) (22) — (22) Commodity contracts (31) — (84) (115) — (115) Other contracts — — 5 5 — 5 (45) (112) (202) (359) — (359) The following table summarizes the maturity and notional principal or quantity outstanding related to our derivative instruments. June 30, 2022 2022 2023 2024 2025 2026 Thereafter Total Foreign exchange contracts - US dollar forwards - purchase (millions of US dollars) 762 — 1,000 500 — — 2,262 Foreign exchange contracts - US dollar forwards - sell (millions of US dollars) 4,900 6,384 5,134 3,962 3,362 1,082 24,824 Foreign exchange contracts - British pound (GBP) forwards - sell (millions of GBP) 14 29 30 30 28 32 163 Foreign exchange contracts - Euro forwards - sell (millions of Euro) 68 92 91 86 85 343 765 Foreign exchange contracts - Japanese yen forwards - purchase (millions of yen) — — — 84,800 — — 84,800 Interest rate contracts - short-term debt pay fixed rate (millions of Canadian dollars) 5,242 1,346 132 30 26 64 6,840 Interest rate contracts - long-term debt pay fixed rate (millions of Canadian dollars) 3,052 2,626 1,718 573 — — 7,969 Equity contracts (millions of Canadian dollars) — 36 30 11 — — 77 Commodity contracts - natural gas (billions of cubic feet) 1 120 47 17 11 — — 195 Commodity contracts - crude oil (millions of barrels) 1 10 — — — — — 10 Commodity contracts - power (megawatt per hour) (MW/H) (24) (43) (43) (43) — — (40) 2 1 Total is a net purchase/(sale) of underlying commodity. 2 Total is an average net purchase/(sale) of power. Fair Value Derivatives For foreign exchange derivative instruments that are designated and qualify as fair value hedges, the gain or loss on the derivative is included in Net foreign currency gain/(loss) or Interest expense in the Consolidated Statements of Earnings. The offsetting loss or gain on the hedged item attributable to the hedged risk is included in Net foreign currency gain/(loss) in the Consolidated Statements of Earnings. Any excluded components are included in the Consolidated Statements of Comprehensive Income. Three months ended Six months ended 2022 2021 2022 2021 (millions of Canadian dollars) Unrealized gain/(loss) on derivative 23 (32) 99 (35) Unrealized gain/(loss) on hedged item (2) 32 (89) 28 Realized loss on derivative (21) — (96) (39) Realized gain on hedged item — — 85 45 The Effect of Derivative Instruments on the Statements of Earnings and Comprehensive Income The following table presents the effect of cash flow hedges and fair value hedges on our consolidated earnings and consolidated comprehensive income, before the effect of income taxes: Three months ended Six months ended 2022 2021 2022 2021 (millions of Canadian dollars) Amount of unrealized gain/(loss) recognized in OCI Cash flow hedges Foreign exchange contracts — (5) 2 (25) Interest rate contracts 480 (203) 857 294 Commodity contracts (15) 4 (11) (4) Other contracts (3) 1 — 4 Fair value hedges Foreign exchange contracts (4) (1) (5) (2) 458 (204) 843 267 Amount of (gain)/loss reclassified from AOCI to earnings Foreign exchange contracts 1 — 2 13 3 Interest rate contracts 2 66 79 142 142 Commodity contracts — (1) — — Other contracts 3 — 1 2 1 66 81 157 146 1 Reported within Transportation and other services revenues and Net foreign currency gain/(loss) in the Consolidated Statements of Earnings. 2 Reported within Interest expense in the Consolidated Statements of Earnings. 3 Reported within Operating and administrative expense in the Consolidated Statements of Earnings. We estimate that a gain of $68 million of AOCI related to unrealized cash flow hedges will be reclassified to earnings in the next 12 months. Actual amounts reclassified to earnings depend on the foreign exchange rates, interest rates and commodity prices in effect when derivative contracts that are currently outstanding mature. For all forecasted transactions, the maximum term over which we are hedging exposures to the variability of cash flows is 42 months as at June 30, 2022. Non-Qualifying Derivatives The following table presents the unrealized gains and losses associated with changes in the fair value of our non-qualifying derivatives: Three months ended Six months ended 2022 2021 2022 2021 (millions of Canadian dollars) Foreign exchange contracts 1 (806) 218 (373) 454 Interest rate contracts 2 (16) — (16) 2 Commodity contracts 3 38 (90) (30) (18) Other contracts 4 — 5 4 10 Total unrealized derivative fair value gain/(loss), net (784) 133 (415) 448 1 For the respective six months ended periods, reported within Transportation and other services revenues (2022 - $65 million loss; 2021 - $292 million gain) and Net foreign currency gain/(loss) (2022 - $308 million loss; 2021 - $162 million gain) in the Consolidated Statements of Earnings. 2 Reported as an (increase)/decrease within Interest expense in the Consolidated Statements of Earnings. 3 For the respective six months ended periods, reported within Transportation and other services revenues (2022 - $25 million gain; 2021 - $3 million loss), Commodity sales (2022 - $109 million gain; 2021 - $144 million gain), Commodity costs (2022 - $167 million loss; 2021 - $166 million loss) and Operating and administrative expense (2022 - $3 million gain; 2021 - $7 million gain) in the Consolidated Statements of Earnings. 4 Reported within Operating and administrative expense in the Consolidated Statements of Earnings. LIQUIDITY RISK Liquidity risk is the risk that we will not be able to meet our financial obligations, including commitments and guarantees, as they become due. In order to mitigate this risk, we forecast cash requirements over a 12-month rolling time period to determine whether sufficient funds will be available and maintain substantial capacity under our committed bank lines of credit to address any contingencies. Our primary sources of liquidity and capital resources are funds generated from operations, the issuance of commercial paper and draws under committed credit facilities and long-term debt, which includes debentures and medium-term notes. Our shelf prospectuses with securities regulators enable ready access to either the Canadian or US public capital markets, subject to market conditions. In addition, we maintain sufficient liquidity through committed credit facilities with a diversified group of banks and institutions which, if necessary, enables us to fund all anticipated requirements for approximately one year without accessing the capital markets. We are in compliance with all the terms and conditions of our committed credit facility agreements and term debt indentures as at June 30, 2022. As a result, all credit facilities are available to us and the banks are obligated to fund and have been funding us under the terms of the facilities. CREDIT RISK Entering into derivative instruments may result in exposure to credit risk from the possibility that a counterparty will default on its contractual obligations. In order to mitigate this risk, we enter into risk management transactions primarily with institutions that possess strong investment grade credit ratings. Credit risk relating to derivative counterparties is mitigated through maintenance and monitoring of credit exposure limits and contractual requirements, netting arrangements and ongoing monitoring of counterparty credit exposure using external credit rating services and other analytical tools. We have credit concentrations and credit exposure, with respect to derivative instruments, in the following counterparty segments: June 30, December 31, (millions of Canadian dollars) Canadian financial institutions 638 424 US financial institutions 254 130 European financial institutions 350 181 Asian financial institutions 118 30 Other 1 233 122 1,593 887 1 Other is comprised of commodity clearing house and physical natural gas and crude oil counterparties. As at June 30, 2022, we did not provide any letters of credit in lieu of providing cash collateral to our counterparties pursuant to the terms of the relevant ISDA agreements. We held no cash collateral on derivative asset exposures as at June 30, 2022 and December 31, 2021. Gross derivative balances have been presented without the effects of collateral posted. Derivative assets are adjusted for non-performance risk of our counterparties using their credit default swap spread rates, and are reflected at fair value. For derivative liabilities, our non-performance risk is considered in the valuation. Credit risk also arises from trade and other long-term receivables, and is mitigated through credit exposure limits and contractual requirements, assessment of credit ratings and netting arrangements. Within Enbridge Gas Inc., credit risk is mitigated by the utility's large and diversified customer base and the ability to recover an estimate for expected credit losses through the ratemaking process. We actively monitor the financial strength of large industrial customers, and in select cases, have obtained additional security to minimize the risk of default on receivables. Generally, we utilize a loss allowance matrix which contemplates historical credit losses by age of receivables, adjusted for any forward-looking information and management expectations to measure lifetime expected credit losses of receivables. The maximum exposure to credit risk related to non-derivative financial assets is their carrying value. FAIR VALUE MEASUREMENTS Our financial assets and liabilities measured at fair value on a recurring basis include derivative and other financial instruments. We also disclose the fair value of other financial instruments not measured at fair value. The fair value of financial instruments reflects our best estimates of market value based on generally accepted valuation techniques or models and is supported by observable market prices and rates. When such values are not available, we use discounted cash flow analysis from applicable yield curves based on observable market inputs to estimate fair value. FAIR VALUE OF FINANCIAL INSTRUMENTS We categorize our financial instruments measured at fair value into one of three different levels depending on the observability of the inputs employed in the measurement. Level 1 Level 1 includes financial instruments measured at fair value based on unadjusted quoted prices for identical assets and liabilities in active markets that are accessible at the measurement date. An active market for a financial instrument is considered to be a market where transactions occur with sufficient frequency and volume to provide pricing information on an ongoing basis. Our Level 1 instruments consist primarily of exchange-traded derivatives used to mitigate the risk of crude oil price fluctuations, investments in exchange-traded equity funds held by our captive insurance subsidiaries, as well as restricted long-term investments in Canadian equity securities that are held in trust in accordance with the CER's regulatory requirements under the Land Matters Consultation Initiative (LMCI). Level 2 Level 2 includes financial instrument valuations determined using directly or indirectly observable inputs other than quoted prices included within Level 1. Financial instruments in this category are valued using models or other industry standard valuation techniques derived from observable market data. Such valuation techniques include inputs such as quoted forward prices, time value, volatility factors and broker quotes that can be observed or corroborated in the market for the entire duration of the financial instrument. Derivatives valued using Level 2 inputs include non-exchange traded derivatives such as over-the-counter foreign exchange forward and cross currency swap contracts, interest rate swaps, physical forward commodity contracts, as well as commodity swaps and options for which observable inputs can be obtained. We have also categorized the fair value of our long-term debt, investments in debt securities held by our captive insurance subsidiaries, and restricted long-term investments in Canadian government bonds held in trust in accordance with the CER's regulatory requirements under the LMCI as Level 2. The fair value of our available-for-sale preferred share investment is based on the redemption value, which equals the face value plus accrued and unpaid interest periodically reset based on market interest rates. The fair value of our long-term debt is based on quoted market prices for instruments of similar yield, credit risk and tenor. When possible, the fair value of our restricted long-term investments is based on quoted market prices for similar instruments and, if not available, based on broker quotes. Level 3 Level 3 includes derivative valuations based on inputs which are less observable, unavailable or where the observable data does not support a significant portion of the derivative’s fair value. Generally, Level 3 derivatives are longer dated transactions, occur in less active markets, occur at locations where pricing information is not available or have no binding broker quote to support Level 2 classification. We have developed methodologies, benchmarked against industry standards, to determine fair value for these derivatives based on extrapolation of observable future prices and rates. Derivatives valued using Level 3 inputs primarily include long-dated derivative power, NGL and natural gas contracts, basis swaps, commodity swaps, and power and energy swaps, as well as physical forward commodity contracts. We do not have any other financial instruments categorized in Level 3. We use the most observable inputs available to estimate the fair value of our derivatives. When possible, we estimate the fair value of our derivatives based on quoted market prices. If quoted market prices are not available, we use estimates from third party brokers. For non-exchange traded derivatives classified in Levels 2 and 3, we use standard valuation techniques to calculate the estimated fair value. These methods include discounted cash flows for forwards and swaps and Black-Scholes-Merton pricing models for options. Depending on the type of derivative and nature of the underlying risk, we use observable market prices (interest, foreign exchange, commodity and share price) and volatility as primary inputs to these valuation techniques. Finally, we consider our own credit default swap spread as well as the credit default swap spreads associated with our counterparties in our estimation of fair value. We have categorized our derivative assets and liabilities measured at fair value as follows: June 30, 2022 Level 1 Level 2 Level 3 Total Gross (millions of Canadian dollars) Financial assets Current derivative assets Foreign exchange contracts — 140 — 140 Interest rate contracts — 342 — 342 Commodity contracts 50 180 128 358 Other contracts — 8 — 8 50 670 128 848 Long-term derivative assets Foreign exchange contracts — 203 — 203 Interest rate contracts — 566 — 566 Commodity contracts — 23 37 60 Other contracts — 4 — 4 — 796 37 833 Financial liabilities Current derivative liabilities Foreign exchange contracts — (252) — (252) Interest rate contracts — (51) — (51) Commodity contracts (9) (256) (173) (438) (9) (559) (173) (741) Long-term derivative liabilities Foreign exchange contracts — (582) — (582) Interest rate contracts — (3) — (3) Commodity contracts — (39) (99) (138) — (624) (99) (723) Total net financial assets/(liabilities) Foreign exchange contracts — (491) — (491) Interest rate contracts — 854 — 854 Commodity contracts 41 (92) (107) (158) Other contracts — 12 — 12 41 283 (107) 217 December 31, 2021 Level 1 Level 2 Level 3 Total Gross (millions of Canadian dollars) Financial assets Current derivative assets Foreign exchange contracts — 259 — 259 Interest rate contracts — 64 — 64 Commodity contracts 38 71 95 204 Other contracts — 2 — 2 38 396 95 529 Long-term derivative assets Foreign exchange contracts — 240 — 240 Interest rate contracts — 88 — 88 Commodity contracts — 21 8 29 Other contracts — 3 — 3 — 352 8 360 Financial liabilities Current derivative liabilities Foreign exchange contracts — (303) — (303) Interest rate contracts — (150) — (150) Commodity contracts (52) (66) (146) (264) (52) (519) (146) (717) Long-term derivative liabilities Foreign exchange contracts — (423) — (423) Interest rate contracts — (24) — (24) Commodity contracts — (19) (65) (84) — (466) (65) (531) Total net financial assets/(liabilities) Foreign exchange contracts — (227) — (227) Interest rate contracts — (22) — (22) Commodity contracts (14) 7 (108) (115) Other contracts — 5 — 5 (14) (237) (108) (359) The significant unobservable inputs used in the fair value measurement of Level 3 derivative instruments were as follows: June 30, 2022 Fair Unobservable Minimum Maximum Weighted Unit of (fair value in millions of Canadian dollars) Commodity contracts - financial 1 Natural gas (11) Forward gas price 5.10 8.55 6.65 $/mmbtu 2 Crude (8) Forward crude price 84.71 135.22 105.63 $/barrel Power (65) Forward power price 41.77 244.81 91.29 $/MW/H Commodity contracts - physical 1 Natural gas (39) Forward gas price 3.58 20.21 6.36 $/mmbtu 2 Crude 16 Forward crude price 100.75 144.94 122.72 $/barrel (107) 1 Financial and physical forward commodity contracts are valued using a market approach valuation technique. 2 One million British thermal units (mmbtu). If adjusted, the significant unobservable inputs disclosed in the table above would have a direct impact on the fair value of our Level 3 derivative instruments. The significant unobservable inputs used in the fair value measurement of Level 3 derivative instruments include forward commodity prices. Changes in forward commodity prices could result in significantly different fair values for our Level 3 derivatives. Changes in net fair value of derivative assets and liabilities classified as Level 3 in the fair value hierarchy were as follows: Six months ended 2022 2021 (millions of Canadian dollars) Level 3 net derivative liability at beginning of period (108) (191) Total gain/(loss) Included in earnings 1 14 (143) Included in OCI (11) (12) Settlements (2) 168 Level 3 net derivative liability at end of period (107) (178) 1 Reported within Transportation and other services revenues, Commodity costs and Operating and administrative expense in the Consolidated Statements of Earnings. There were no transfers into or out of Level 3 as at June 30, 2022 or December 31, 2021. NET INVESTMENT HEDGES We currently have designated a portion of our US dollar denominated debt, as well as a portfolio of foreign exchange forward contracts in prior periods, as a hedge of our net investment in US dollar denominated investments and subsidiaries. During the six months ended June 30, 2022 and 2021, we recognized an unrealized foreign exchange loss of $257 million and gain of $251 million, respectively, on the translation of US dollar denominated debt. During the six months ended June 30, 2022 and 2021, we recognized nil on the change in fair value of our outstanding foreign exchange forward contracts in OCI and nil in OCI associated with the settlement of foreign exchange forward contracts or with the settlement of US dollar denominated debt that had matured during the period. FAIR VALUE OF OTHER FINANCIAL INSTRUMENTS Certain long-term investments in other entities with no actively quoted prices are classified as Fair Value Measurement Alternative (FVMA) investments and are recorded at cost less impairment. The carrying value of FVMA investments totaled $52 million as at June 30, 2022 and December 31, 2021. We have Restricted long-term investments held in trust totaling $194 million and $217 million as at June 30, 2022 and December 31, 2021, respectively, which are classified as Level 1 in the fair value hierarchy. We also have Restricted long-term investments held in trust totaling $349 million and $413 million as at June 30, 2022 and December 31, 2021, respectively, which are classified as Level 2 in the fair value hierarchy. Level 1 and Level 2 Restricted long-term investments are recognized at fair value. These securities are classified as restricted funds which are collected from customers and held in trust for the purpose of funding pipeline abandonment in accordance with regulatory requirements. There were unrealized holding losses of $71 million and $131 million for the three and six months ended June 30, 2022, respectively (2021 - gains of $20 million and losses of $25 million, respectively). We have wholly-owned captive insurance subsidiaries whose principal activity is providing insurance and reinsurance coverage for certain insurable property and casualty risk exposures in the US and Canada of our operating subsidiaries and certain equity investments. As at June 30, 2022, the fair value of investments in equity funds and debt securities held by our captive insurance subsidiaries was $322 million (December 31, 2021 - $304 million). These investments in equity funds and debt securities are recognized at fair value, classified as Level 1 and Level 2 in the fair value hierarchy, respectively, and are recorded in Long-term investments in the Consolidated Statements of Financial Position. There were unrealized holding losses of $19 million and $27 million for the three and six months ended June 30, 2022, respectively (2021 - gains of $4 million and $3 million, respectively). As at June 30, 2022 and December 31, 2021, our long-term debt had a carrying value of $77.5 billion and $74.4 billion, respectively, before debt issuance costs and a fair value of $73.1 billion and $82.0 billion, respectively. We also have non-current notes receivable carried at book value and recorded in Deferred amounts and other assets in the Consolidated Statements of Financial Position. As at June 30, 2022 and December 31, 2021, the non-current notes receivable had a carrying value of $840 million and $954 million, respectively, which also approximates their fair value. The fair value of financial assets and liabilities other than derivative instruments, long-term investments, restricted long-term investments, long-term debt and non-current notes receivable described above approximate their carrying value due to the short period to maturity.

INCOME TAXES

INCOME TAXES	6 Months Ended
	Jun. 30, 2022
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The effective income tax rates for the three months ended June 30, 2022 and 2021 were 18.0% and 15.1%, respectively, and for the six months ended June 30, 2022 and 2021 were 21.4% and 17.6%, respectively. The period-over-period increases in the effective income tax rates were due to the effect of rate-regulated accounting for income taxes relative to earnings, an increase in US minimum tax, and the release of previously recognized uncertain tax positions in 2021.

PENSION AND OTHER POSTRETIREMEN

PENSION AND OTHER POSTRETIREMENT BENEFITS	6 Months Ended
	Jun. 30, 2022
Retirement Benefits [Abstract]
PENSION AND OTHER POSTRETIREMENT BENEFITS	PENSION AND OTHER POSTRETIREMENT BENEFITS Three months ended June 30, Six months ended June 30, 2022 2021 2022 2021 (millions of Canadian dollars) Service cost 45 48 90 96 Interest cost 1 41 32 82 64 Expected return on plan assets 1 (98) (84) (196) (168) Amortization of actuarial (gain)/loss 1 (1) 14 (2) 28 Net periodic benefit (credit)/cost (13) 10 (26) 20 1 Reported within Other income/(expense) in the Consolidated Statements of Earnings.

CONTINGENCIES

CONTINGENCIES	6 Months Ended
	Jun. 30, 2022
Loss Contingency [Abstract]
CONTINGENCIES	CONTINGENCIES We and our subsidiaries are involved in various legal and regulatory actions and proceedings which arise in the normal course of business, including interventions in regulatory proceedings and challenges to regulatory approvals and permits. While the final outcome of such actions and proceedings cannot be predicted with certainty, management believes that the resolution of such actions and proceedings will not have a material impact on our interim consolidated financial position or results of operations. TAX MATTERS We and our subsidiaries maintain tax liabilities related to uncertain tax positions. While fully supportable in our view, these tax positions, if challenged by tax authorities, may not be fully sustained on review.

CHANGES IN ACCOUNTING POLICIES

CHANGES IN ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2022
Accounting Standards Update and Change in Accounting Principle [Abstract]
ADOPTION OF NEW ACCOUNTING STANDARDS	ADOPTION OF NEW ACCOUNTING STANDARDS Disclosures About Government Assistance Effective January 1, 2022, we adopted Accounting Standards Update (ASU) 2021-10 on a prospective basis. The new standard was issued in November 2021 to increase the transparency of government assistance to business entities. The ASU adds new disclosure requirements for transactions with governments that are accounted for using a grant or contribution accounting model by analogy. The required disclosures include information about the nature of transactions, accounting policy applied, impacted financial statement line items and significant terms and conditions. The adoption of this ASU did not have a material impact on our consolidated financial statements. Accounting for Certain Lessor Leases with Variable Lease Payments Effective January 1, 2022, we adopted ASU 2021-05 on a prospective basis. The new standard was issued in July 2021 to amend lessor accounting for certain leases with variable lease payments that do not depend on a reference index or a rate and would have resulted in the recognition of a loss at lease commencement if classified as a sales-type or a direct financing lease. The ASU amends the classification requirements of such leases for lessors to result in an operating lease classification. The adoption of this ASU did not have a material impact on our consolidated financial statements. Accounting for Modifications or Exchanges of Certain Equity-Classified Contracts Effective January 1, 2022, we adopted ASU 2021-04 on a prospective basis. The new standard was issued in May 2021 to clarify issuer accounting for modifications or exchanges of freestanding equity-classified written call options that remain equity classified after modification or exchange. The ASU requires an issuer to determine the accounting for the modification or exchange based on the economic substance of the modification or exchange. The adoption of this ASU did not have a material impact on our consolidated financial statements. Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity Effective January 1, 2022, we adopted ASU 2020-06 on a modified retrospective basis. The new standard was issued in August 2020 to simplify accounting for certain financial instruments. The ASU eliminates the current models that require separation of beneficial conversion and cash conversion features from convertible instruments and simplifies the derivative scope exception guidance pertaining to equity classification of contracts in an entity’s own equity. The ASU also introduces additional disclosures for convertible debt and freestanding instruments that are indexed to and settled in an entity’s own equity. The ASU amends the diluted earnings per share guidance, including the requirement to use if-converted method for all convertible instruments and an update for instruments that can be settled in either cash or shares. The adoption of this ASU did not have a material impact on our consolidated financial statements.

REVENUE (Tables)

REVENUE (Tables)	6 Months Ended
	Jun. 30, 2022
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregation of Revenue	Major Products and Services Liquids Pipelines Gas Transmission and Midstream Gas Distribution and Storage Renewable Power Generation Energy Services Eliminations and Other Consolidated Three months ended (millions of Canadian dollars) Transportation revenue 2,565 1,200 157 — — — 3,922 Storage and other revenue 64 83 99 — — — 246 Gas gathering and processing revenue — 6 — — — — 6 Gas distribution revenue — — 919 — — — 919 Electricity and transmission revenue — — — 81 — — 81 Total revenue from contracts with customers 2,629 1,289 1,175 81 — — 5,174 Commodity sales — — — — 8,108 — 8,108 Other revenue 1,2 (145) 11 (37) 74 30 — (67) Intersegment revenue 154 1 — — — (155) — Total revenue 2,638 1,301 1,138 155 8,138 (155) 13,215 Liquids Pipelines Gas Transmission and Midstream Gas Distribution and Storage Renewable Power Generation Energy Services Eliminations and Other Consolidated Three months ended (millions of Canadian dollars) Transportation revenue 2,157 1,046 150 — — — 3,353 Storage and other revenue 37 63 51 — — — 151 Gas gathering and processing revenue — 10 — — — — 10 Gas distribution revenue — — 725 — — — 725 Electricity and transmission revenue — — — 55 — — 55 Total revenue from contracts with customers 2,194 1,119 926 55 — — 4,294 Commodity sales — — — — 6,334 — 6,334 Other revenue 1,2 215 9 12 77 1 6 320 Intersegment revenue 138 — 15 — 10 (163) — Total revenue 2,547 1,128 953 132 6,345 (157) 10,948 Liquids Pipelines Gas Transmission and Midstream Gas Distribution and Storage Renewable Power Generation Energy Services Eliminations and Other Consolidated Six months ended (millions of Canadian dollars) Transportation revenue 5,250 2,394 408 — — — 8,052 Storage and other revenue 115 167 146 — — — 428 Gas gathering and processing revenue — 21 — — — — 21 Gas distribution revenue — — 3,017 — — — 3,017 Electricity and transmission revenue — — — 143 — — 143 Total revenue from contracts with customers 5,365 2,582 3,571 143 — — 11,661 Commodity sales — — — — 16,433 — 16,433 Other revenue 1,2 33 18 (33) 168 32 — 218 Intersegment revenue 295 1 11 — 10 (317) — Total revenue 5,693 2,601 3,549 311 16,475 (317) 28,312 Liquids Pipelines Gas Transmission and Midstream Gas Distribution and Storage Renewable Power Generation Energy Services Eliminations and Other Consolidated Six months ended (millions of Canadian dollars) Transportation revenue 4,486 2,167 366 — — — 7,019 Storage and other revenue 63 137 109 — — — 309 Gas gathering and processing revenue — 17 — — — — 17 Gas distribution revenue — — 2,259 — — — 2,259 Electricity and transmission revenue — — — 81 — — 81 Total revenue from contracts with customers 4,549 2,321 2,734 81 — — 9,685 Commodity sales — — — — 12,763 — 12,763 Other revenue 1,2 427 21 18 168 1 2 637 Intersegment revenue 270 — 24 — 14 (308) — Total revenue 5,246 2,342 2,776 249 12,778 (306) 23,085 1 Includes mark-to -market gains/(losses) f rom our hedging program for the three months ended June 30, 2022 and 2021 of $198 million loss and $131 million gain, respectively. For the six months ended June 30, 2022 and 2021, Other revenue includes a $104 million mark-to-market loss and a $261 million mark-to-market gain, respectively. 2 Includes revenues from lease contracts for the three months ended June 30, 2022 and 2021 of $143 million and $143 million, respectively, and for the six months ended June 30, 2022 and 2021 of $307 million and $302 million, respectively. Recognition and Measurement of Revenues Liquids Pipelines Gas Transmission and Midstream Gas Distribution and Storage Renewable Power Generation Consolidated Three months ended (millions of Canadian dollars) Revenues from products transferred at a point in time — — 20 — 20 Revenues from products and services transferred over time 1 2,629 1,289 1,155 81 5,154 Total revenue from contracts with customers 2,629 1,289 1,175 81 5,174 Liquids Pipelines Gas Transmission and Midstream Gas Distribution and Storage Renewable Power Generation Consolidated Three months ended (millions of Canadian dollars) Revenues from products transferred at a point in time — — 17 — 17 Revenues from products and services transferred over time 1 2,194 1,119 909 55 4,277 Total revenue from contracts with customers 2,194 1,119 926 55 4,294 Liquids Pipelines Gas Transmission and Midstream Gas Distribution and Storage Renewable Power Generation Consolidated Six months ended (millions of Canadian dollars) Revenues from products transferred at a point in time — — 36 — 36 Revenues from products and services transferred over time 1 5,365 2,582 3,535 143 11,625 Total revenue from contracts with customers 5,365 2,582 3,571 143 11,661 Liquids Pipelines Gas Transmission and Midstream Gas Distribution and Storage Renewable Power Generation Consolidated Six months ended (millions of Canadian dollars) Revenues from products transferred at a point in time — — 34 — 34 Revenues from products and services transferred over time 1 4,549 2,321 2,700 81 9,651 Total revenue from contracts with customers 4,549 2,321 2,734 81 9,685 1 Revenue from crude oil and natural gas pipeline transportation, storage, natural gas gathering, compression and treating, natural gas distribution, natural gas storage services and electricity sales.
Schedule of Contract with Customer, Asset and Liability	Contract Balances Contract Receivables Contract Assets Contract Liabilities (millions of Canadian dollars) Balance as at June 30, 2022 2,256 223 2,043 Balance as at December 31, 2021 2,369 213 1,898

SEGMENTED INFORMATION (Tables)

SEGMENTED INFORMATION (Tables)	6 Months Ended
	Jun. 30, 2022
Segment Reporting [Abstract]
Schedule of Reporting Information by Segment	Liquids Pipelines Gas Transmission and Midstream Gas Distribution and Storage Renewable Power Generation Energy Services Eliminations and Other Consolidated Three months ended (millions of Canadian dollars) Operating revenues 2,638 1,301 1,138 155 8,138 (155) 13,215 Commodity and gas distribution costs (16) — (463) (4) (8,305) 151 (8,637) Operating and administrative (976) (545) (281) (53) (11) (128) (1,994) Income/(loss) from equity investments 153 335 1 23 — (2) 510 Other income/(expense) 19 28 22 1 1 (570) (499) Earnings/(loss) before interest, income taxes, and depreciation and amortization 1,818 1,119 417 122 (177) (704) 2,595 Depreciation and amortization (1,064) Interest expense (791) Income tax expense (133) Earnings 607 Capital expenditures 1 273 333 334 11 — 12 963 Liquids Pipelines Gas Transmission and Midstream Gas Distribution and Storage Renewable Power Generation Energy Services Eliminations and Other Consolidated Three months ended June 30, 2021 (millions of Canadian dollars) Operating revenues 2,547 1,128 953 132 6,345 (157) 10,948 Commodity and gas distribution costs (7) — (299) — (6,567) 154 (6,719) Operating and administrative (673) (424) (242) (37) (9) (99) (1,484) Income from equity investments 180 132 27 13 — — 352 Other income/(expense) (3) 32 19 7 (8) 194 241 Earnings/(loss) before interest, income taxes, and depreciation and amortization 2,044 868 458 115 (239) 92 3,338 Depreciation and amortization (929) Interest expense (618) Income tax expense (270) Earnings 1,521 Capital expenditures 1 567 547 300 2 — 9 1,425 Liquids Pipelines Gas Transmission and Midstream Gas Distribution and Storage Renewable Power Generation Energy Services Eliminations and Other Consolidated Six months ended (millions of Canadian dollars) Operating revenues 5,693 2,601 3,549 311 16,475 (317) 28,312 Commodity and gas distribution costs (27) — (1,931) (8) (16,732) 314 (18,384) Operating and administrative (1,923) (1,075) (580) (101) (25) (165) (3,869) Income/(loss) from equity investments 368 556 1 78 — (2) 1,001 Other income/(expense) 36 51 43 4 4 (179) (41) Earnings/(loss) before interest, income taxes, and depreciation and amortization 4,147 2,133 1,082 284 (278) (349) 7,019 Depreciation and amortization (2,119) Interest expense (1,510) Income tax expense (726) Earnings 2,664 Capital expenditures 1 818 562 600 17 — 24 2,021 Liquids Pipelines Gas Transmission and Midstream Gas Distribution and Storage Renewable Power Generation Energy Services Eliminations and Other Consolidated Six months ended (millions of Canadian dollars) Operating revenues 5,246 2,342 2,776 249 12,778 (306) 23,085 Commodity and gas distribution costs (10) — (1,257) — (12,920) 320 (13,867) Operating and administrative (1,492) (858) (514) (80) (23) (76) (3,043) Income from equity investments 334 314 49 50 — — 747 Other income/(expense) 5 43 38 52 (10) 374 502 Earnings/(loss) before interest, income taxes, and depreciation and amortization 4,083 1,841 1,092 271 (175) 312 7,424 Depreciation and amortization (1,861) Interest expense (1,275) Income tax expense (753) Earnings 3,535 Capital expenditures 1 1,923 1,029 519 7 — 21 3,499 1 Includes allowance for equity funds used during construction.

EARNINGS PER COMMON SHARE AND_2

EARNINGS PER COMMON SHARE AND DIVIDENDS PER SHARE (Tables)	6 Months Ended
	Jun. 30, 2022
Earnings Per Share [Abstract]
Schedule of Weighted Average Shares Outstanding Used to Calculate Basic and Diluted Earnings Per Common Share	Weighted average shares outstanding used to calculate basic and diluted earnings per share are as follows: Three months ended Six months ended 2022 2021 2022 2021 (number of shares in millions) Weighted average shares outstanding 2,026 2,024 2,026 2,023 Effect of dilutive options and RSUs 4 2 4 1 Diluted weighted average shares outstanding 2,030 2,026 2,030 2,024
Schedule of Preferred Stock Characteristics by Class	On July 26, 2022, our Board of Directors declared the following quarterly dividends. All dividends are payable on September 1, 2022 to shareholders of record on August 15, 2022. Dividend per share Common Shares 1 $0.86000 Preference Shares, Series A $0.34375 Preference Shares, Series B 2 $0.32513 Preference Shares, Series D $0.27875 Preference Shares, Series F $0.29306 Preference Shares, Series H $0.27350 Preference Shares, Series L US$0.30993 Preference Shares, Series N $0.31788 Preference Shares, Series P $0.27369 Preference Shares, Series R $0.25456 Preference Shares, Series 1 US$0.37182 Preference Shares, Series 3 $0.23356 Preference Shares, Series 5 US$0.33596 Preference Shares, Series 7 $0.27806 Preference Shares, Series 9 $0.25606 Preference Shares, Series 11 $0.24613 Preference Shares, Series 13 $0.19019 Preference Shares, Series 15 $0.18644 Preference Shares, Series 19 $0.30625 1 The quarterly dividend per common share was increased 3% to $0.86 from $0.835, effective March 1, 2022. 2 The quarterly dividend per share paid on Preference Shares, Series B was increased to $0.32513 from $0.21340 on June 1, 2022 due to reset of the annual dividend on June 1, 2022. On June 1, 2022, all outstanding Preference Shares, Series C were converted to Preference Shares, Series B.

DEBT (Tables)

DEBT (Tables)	6 Months Ended
	Jun. 30, 2022
Debt Disclosure [Abstract]
Schedule of Credit Facilities	The following table provides details of our committed credit facilities as at June 30, 2022: Maturity 1 Total Draws 2 Available (millions of Canadian dollars) Enbridge Inc. 2023-2026 10,818 9,153 1,665 Enbridge (U.S.) Inc. 2023-2026 7,095 4,493 2,602 Enbridge Pipelines Inc. 2024 2,000 797 1,203 Enbridge Gas Inc. 2023 2,000 1,620 380 Total committed credit facilities 21,913 16,063 5,850 1 Maturity date is inclusive of the one-year term out option for certain credit facilities. 2 Includes facility draws and commercial paper issuances that are back-stopped by credit facilities.
Schedule of Long-Term Debt Instruments	During the six months ended June 30, 2022, we completed the following long-term debt issuances totaling $750 million and US$1.5 billion: Company Issue Date Principal Amount (millions of Canadian dollars unless otherwise stated) Enbridge Inc. January 2022 5.00% hybrid fixed-to-fixed subordinated notes due January 2082 $750 February 2022 Floating rate senior notes due February 2024 1 US$600 February 2022 2.15% senior notes due February 2024 US$400 February 2022 2.50% senior notes due February 2025 US$500 1 Notes carry an interest rate set to equal the Secured Overnight Financing Rate plus a margin of 63 basis points.
Schedule of Repayment of Debt	During the six months ended June 30, 2022, we completed the following long-term debt repayments totaling US$784 million and $334 million: Company Repayment Date Principal Amount (millions of Canadian dollars unless otherwise stated) Enbridge Inc. February 2022 Floating rate notes 1 US$750 February 2022 4.85% medium-term notes $200 Enbridge Gas Inc. April 2022 4.85% medium-term notes $125 Enbridge Pipelines (Southern Lights) L.L.C. June 2022 3.98% senior notes US$34 Enbridge Southern Lights LP June 2022 4.01% senior notes $9 1 Notes carried an interest rate set to equal the three-month London Interbank Offered Rate plus a margin of 50 basis points.

COMPONENTS OF ACCUMULATED OTH_2

COMPONENTS OF ACCUMULATED OTHER COMPREHENSIVE INCOME/(LOSS) (Tables)	6 Months Ended
	Jun. 30, 2022
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]
Schedule of Changes in AOCI Attributable to Enbridge, Inc. Common Shareholders	Changes in Accumulated other comprehensive income/(loss) (AOCI) attributable to our common shareholders for the six months ended June 30, 2022 and 2021 are as follows: Cash Excluded Net Cumulative Equity Pension Total (millions of Canadian dollars) Balance as at January 1, 2022 (897) — (166) 56 (5) (84) (1,096) Other comprehensive income/(loss) retained in AOCI 854 (5) (253) 1,136 — — 1,732 Other comprehensive loss/(income) reclassified to earnings Interest rate contracts 1 142 — — — — — 142 Foreign exchange contracts 2 (4) — — — — — (4) Other contracts 3 2 — — — — — 2 Amortization of pension and OPEB actuarial gain 4 — — — — — (6) (6) 994 (5) (253) 1,136 — (6) 1,866 Tax impact Income tax on amounts retained in AOCI (202) — — — — — (202) Income tax on amounts reclassified to earnings (31) — — — — 1 (30) (233) — — — — 1 (232) Balance as at June 30, 2022 (136) (5) (419) 1,192 (5) (89) 538 Cash Excluded Net Cumulative Equity Pension Total (millions of Canadian dollars) Balance as at January 1, 2021 (1,326) 5 (215) 568 66 (499) (1,401) Other comprehensive income/(loss) retained in AOCI 294 (2) 251 (1,584) 1 — (1,040) Other comprehensive loss/(income) reclassified to earnings Interest rate contracts 1 142 — — — — — 142 Foreign exchange contracts 2 3 — — — — — 3 Other contracts 3 1 — — — — — 1 Amortization of pension and OPEB actuarial loss 4 — — — — — 14 14 Other 17 — — (20) 3 — — 457 (2) 251 (1,604) 4 14 (880) Tax impact Income tax on amounts retained in AOCI (75) — (29) — 1 — (103) Income tax on amounts reclassified to earnings (33) — — — — (3) (36) (108) — (29) — 1 (3) (139) Balance as at June 30, 2021 (977) 3 7 (1,036) 71 (488) (2,420) 1 Reported within Interest expense in the Consolidated Statements of Earnings. 2 Reported within Transportation and other services revenues and Net foreign currency gain/(loss) in the Consolidated Statements of Earnings. 3 Reported within Operating and administrative expense in the Consolidated Statements of Earnings. 4 These components are included in the computation of net periodic benefit costs and are reported within Other income/(expense) in the Consolidated Statements of Earnings.

RISK MANAGEMENT AND FINANCIAL_2

RISK MANAGEMENT AND FINANCIAL INSTRUMENTS (Tables)	6 Months Ended
	Jun. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of the Consolidated Statements of Financial Position Location and Carrying Value of Derivative Instruments	The following table summarizes 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. All amounts are presented gross in the Consolidated Statements of Financial Position. June 30, 2022 Derivative Derivative Non- Total Gross Amounts Total Net (millions of Canadian dollars) Accounts receivable and other Foreign exchange contracts — — 140 140 (41) 99 Interest rate contracts 341 — 1 342 (21) 321 Commodity contracts — — 358 358 (254) 104 Other contracts 2 — 6 8 — 8 343 — 505 848 1 (316) 532 Deferred amounts and other assets Foreign exchange contracts — 20 183 203 (123) 80 Interest rate contracts 566 — — 566 — 566 Commodity contracts — — 60 60 (22) 38 Other contracts 2 — 2 4 — 4 568 20 245 833 (145) 688 Accounts payable and other Foreign exchange contracts — (31) (221) (252) 41 (211) Interest rate contracts (10) — (41) (51) 21 (30) Commodity contracts (23) — (415) (438) 254 (184) (33) (31) (677) (741) 1 316 (425) Other long-term liabilities Foreign exchange contracts — (8) (574) (582) 123 (459) Interest rate contracts (3) — — (3) — (3) Commodity contracts (19) — (119) (138) 22 (116) (22) (8) (693) (723) 145 (578) Total net derivative assets/(liabilities) Foreign exchange contracts — (19) (472) (491) — (491) Interest rate contracts 894 — (40) 854 — 854 Commodity contracts (42) — (116) (158) — (158) Other contracts 4 — 8 12 — 12 856 (19) (620) 217 — 217 1 As at June 30, 2022, $84 million and $128 million were reported within Accounts receivable from affiliates and Accounts payable to affiliates, respectively, in the Consolidated Statements of Financial Position. December 31, 2021 Derivative Derivative Non- Total Gross Amounts Total Net (millions of Canadian dollars) Accounts receivable and other Foreign exchange contracts — — 259 259 (41) 218 Interest rate contracts 64 — — 64 — 64 Commodity contracts — — 204 204 (129) 75 Other contracts — — 2 2 — 2 64 — 465 529 (170) 359 Deferred amounts and other assets Foreign exchange contracts — — 240 240 (61) 179 Interest rate contracts 88 — — 88 (1) 87 Commodity contracts — — 29 29 (13) 16 Other contracts — — 3 3 — 3 88 — 272 360 (75) 285 Accounts payable and other Foreign exchange contracts (15) (112) (176) (303) 41 (262) Interest rate contracts (150) — — (150) — (150) Commodity contracts (14) — (250) (264) 129 (135) (179) (112) (426) (717) 170 (547) Other long-term liabilities Foreign exchange contracts — — (423) (423) 61 (362) Interest rate contracts (1) — (23) (24) 1 (23) Commodity contracts (17) — (67) (84) 13 (71) (18) — (513) (531) 75 (456) Total net derivative assets/(liabilities) Foreign exchange contracts (15) (112) (100) (227) — (227) Interest rate contracts 1 — (23) (22) — (22) Commodity contracts (31) — (84) (115) — (115) Other contracts — — 5 5 — 5 (45) (112) (202) (359) — (359)
Schedule of the Maturity and Notional Principal or Quantity Outstanding Related to Derivative Instruments	The following table summarizes the maturity and notional principal or quantity outstanding related to our derivative instruments. June 30, 2022 2022 2023 2024 2025 2026 Thereafter Total Foreign exchange contracts - US dollar forwards - purchase (millions of US dollars) 762 — 1,000 500 — — 2,262 Foreign exchange contracts - US dollar forwards - sell (millions of US dollars) 4,900 6,384 5,134 3,962 3,362 1,082 24,824 Foreign exchange contracts - British pound (GBP) forwards - sell (millions of GBP) 14 29 30 30 28 32 163 Foreign exchange contracts - Euro forwards - sell (millions of Euro) 68 92 91 86 85 343 765 Foreign exchange contracts - Japanese yen forwards - purchase (millions of yen) — — — 84,800 — — 84,800 Interest rate contracts - short-term debt pay fixed rate (millions of Canadian dollars) 5,242 1,346 132 30 26 64 6,840 Interest rate contracts - long-term debt pay fixed rate (millions of Canadian dollars) 3,052 2,626 1,718 573 — — 7,969 Equity contracts (millions of Canadian dollars) — 36 30 11 — — 77 Commodity contracts - natural gas (billions of cubic feet) 1 120 47 17 11 — — 195 Commodity contracts - crude oil (millions of barrels) 1 10 — — — — — 10 Commodity contracts - power (megawatt per hour) (MW/H) (24) (43) (43) (43) — — (40) 2 1 Total is a net purchase/(sale) of underlying commodity. 2 Total is an average net purchase/(sale) of power.
Schedule of Effect of Cash Flow Hedges and Net Investment Hedges on Consolidated Earnings and Consolidated Comprehensive Income, Before Income Taxes	For foreign exchange derivative instruments that are designated and qualify as fair value hedges, the gain or loss on the derivative is included in Net foreign currency gain/(loss) or Interest expense in the Consolidated Statements of Earnings. The offsetting loss or gain on the hedged item attributable to the hedged risk is included in Net foreign currency gain/(loss) in the Consolidated Statements of Earnings. Any excluded components are included in the Consolidated Statements of Comprehensive Income. Three months ended Six months ended 2022 2021 2022 2021 (millions of Canadian dollars) Unrealized gain/(loss) on derivative 23 (32) 99 (35) Unrealized gain/(loss) on hedged item (2) 32 (89) 28 Realized loss on derivative (21) — (96) (39) Realized gain on hedged item — — 85 45 The following table presents the effect of cash flow hedges and fair value hedges on our consolidated earnings and consolidated comprehensive income, before the effect of income taxes: Three months ended Six months ended 2022 2021 2022 2021 (millions of Canadian dollars) Amount of unrealized gain/(loss) recognized in OCI Cash flow hedges Foreign exchange contracts — (5) 2 (25) Interest rate contracts 480 (203) 857 294 Commodity contracts (15) 4 (11) (4) Other contracts (3) 1 — 4 Fair value hedges Foreign exchange contracts (4) (1) (5) (2) 458 (204) 843 267 Amount of (gain)/loss reclassified from AOCI to earnings Foreign exchange contracts 1 — 2 13 3 Interest rate contracts 2 66 79 142 142 Commodity contracts — (1) — — Other contracts 3 — 1 2 1 66 81 157 146 1 Reported within Transportation and other services revenues and Net foreign currency gain/(loss) in the Consolidated Statements of Earnings. 2 Reported within Interest expense in the Consolidated Statements of Earnings. 3 Reported within Operating and administrative expense in the Consolidated Statements of Earnings.
Schedule of Unrealized Gains and Losses Associated With Changes in the Fair Value of Non-Qualifying Derivatives	The following table presents the unrealized gains and losses associated with changes in the fair value of our non-qualifying derivatives: Three months ended Six months ended 2022 2021 2022 2021 (millions of Canadian dollars) Foreign exchange contracts 1 (806) 218 (373) 454 Interest rate contracts 2 (16) — (16) 2 Commodity contracts 3 38 (90) (30) (18) Other contracts 4 — 5 4 10 Total unrealized derivative fair value gain/(loss), net (784) 133 (415) 448 1 For the respective six months ended periods, reported within Transportation and other services revenues (2022 - $65 million loss; 2021 - $292 million gain) and Net foreign currency gain/(loss) (2022 - $308 million loss; 2021 - $162 million gain) in the Consolidated Statements of Earnings. 2 Reported as an (increase)/decrease within Interest expense in the Consolidated Statements of Earnings. 3 For the respective six months ended periods, reported within Transportation and other services revenues (2022 - $25 million gain; 2021 - $3 million loss), Commodity sales (2022 - $109 million gain; 2021 - $144 million gain), Commodity costs (2022 - $167 million loss; 2021 - $166 million loss) and Operating and administrative expense (2022 - $3 million gain; 2021 - $7 million gain) in the Consolidated Statements of Earnings. 4 Reported within Operating and administrative expense in the Consolidated Statements of Earnings.
Schedule of Group Credit Concentrations and Maximum Credit Exposure, With Respect to Derivative Instruments	We have credit concentrations and credit exposure, with respect to derivative instruments, in the following counterparty segments: June 30, December 31, (millions of Canadian dollars) Canadian financial institutions 638 424 US financial institutions 254 130 European financial institutions 350 181 Asian financial institutions 118 30 Other 1 233 122 1,593 887 1 Other is comprised of commodity clearing house and physical natural gas and crude oil counterparties.
Schedule of Derivative Assets and Liabilities Measured at Fair Value	We have categorized our derivative assets and liabilities measured at fair value as follows: June 30, 2022 Level 1 Level 2 Level 3 Total Gross (millions of Canadian dollars) Financial assets Current derivative assets Foreign exchange contracts — 140 — 140 Interest rate contracts — 342 — 342 Commodity contracts 50 180 128 358 Other contracts — 8 — 8 50 670 128 848 Long-term derivative assets Foreign exchange contracts — 203 — 203 Interest rate contracts — 566 — 566 Commodity contracts — 23 37 60 Other contracts — 4 — 4 — 796 37 833 Financial liabilities Current derivative liabilities Foreign exchange contracts — (252) — (252) Interest rate contracts — (51) — (51) Commodity contracts (9) (256) (173) (438) (9) (559) (173) (741) Long-term derivative liabilities Foreign exchange contracts — (582) — (582) Interest rate contracts — (3) — (3) Commodity contracts — (39) (99) (138) — (624) (99) (723) Total net financial assets/(liabilities) Foreign exchange contracts — (491) — (491) Interest rate contracts — 854 — 854 Commodity contracts 41 (92) (107) (158) Other contracts — 12 — 12 41 283 (107) 217 December 31, 2021 Level 1 Level 2 Level 3 Total Gross (millions of Canadian dollars) Financial assets Current derivative assets Foreign exchange contracts — 259 — 259 Interest rate contracts — 64 — 64 Commodity contracts 38 71 95 204 Other contracts — 2 — 2 38 396 95 529 Long-term derivative assets Foreign exchange contracts — 240 — 240 Interest rate contracts — 88 — 88 Commodity contracts — 21 8 29 Other contracts — 3 — 3 — 352 8 360 Financial liabilities Current derivative liabilities Foreign exchange contracts — (303) — (303) Interest rate contracts — (150) — (150) Commodity contracts (52) (66) (146) (264) (52) (519) (146) (717) Long-term derivative liabilities Foreign exchange contracts — (423) — (423) Interest rate contracts — (24) — (24) Commodity contracts — (19) (65) (84) — (466) (65) (531) Total net financial assets/(liabilities) Foreign exchange contracts — (227) — (227) Interest rate contracts — (22) — (22) Commodity contracts (14) 7 (108) (115) Other contracts — 5 — 5 (14) (237) (108) (359)
Schedule of Significant Unobservable Inputs Used in the Fair Value Measurement of Level 3 Derivative Instruments	The significant unobservable inputs used in the fair value measurement of Level 3 derivative instruments were as follows: June 30, 2022 Fair Unobservable Minimum Maximum Weighted Unit of (fair value in millions of Canadian dollars) Commodity contracts - financial 1 Natural gas (11) Forward gas price 5.10 8.55 6.65 $/mmbtu 2 Crude (8) Forward crude price 84.71 135.22 105.63 $/barrel Power (65) Forward power price 41.77 244.81 91.29 $/MW/H Commodity contracts - physical 1 Natural gas (39) Forward gas price 3.58 20.21 6.36 $/mmbtu 2 Crude 16 Forward crude price 100.75 144.94 122.72 $/barrel (107) 1 Financial and physical forward commodity contracts are valued using a market approach valuation technique. 2 One million British thermal units (mmbtu).
Schedule of Changes in Net Fair Value of Derivative Assets and Liabilities Classified as Level 3 in the Fair Value Hierarchy	Changes in net fair value of derivative assets and liabilities classified as Level 3 in the fair value hierarchy were as follows: Six months ended 2022 2021 (millions of Canadian dollars) Level 3 net derivative liability at beginning of period (108) (191) Total gain/(loss) Included in earnings 1 14 (143) Included in OCI (11) (12) Settlements (2) 168 Level 3 net derivative liability at end of period (107) (178) 1 Reported within Transportation and other services revenues, Commodity costs and Operating and administrative expense in the Consolidated Statements of Earnings.

PENSION AND OTHER POSTRETIREM_2

PENSION AND OTHER POSTRETIREMENT BENEFITS (Tables)	6 Months Ended
	Jun. 30, 2022
Retirement Benefits [Abstract]
Schedule of Net Benefit Costs Recognized	Three months ended June 30, Six months ended June 30, 2022 2021 2022 2021 (millions of Canadian dollars) Service cost 45 48 90 96 Interest cost 1 41 32 82 64 Expected return on plan assets 1 (98) (84) (196) (168) Amortization of actuarial (gain)/loss 1 (1) 14 (2) 28 Net periodic benefit (credit)/cost (13) 10 (26) 20 1 Reported within Other income/(expense) in the Consolidated Statements of Earnings.

REVENUE - Disaggregation of Rev

REVENUE - Disaggregation of Revenue (Details) - CAD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	$ 5,174	$ 4,294	$ 11,661	$ 9,685
Total revenues	13,215	10,948	28,312	23,085
Mark-to-market (loss) gain from hedging program	(198)	131	(104)	261
Revenues from lease contracts	143	143	307	302
Revenues from products transferred at a point in time
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	20	17	36	34
Revenue from products and services transferred over time
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	5,154	4,277	11,625	9,651
Transportation revenue
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	3,922	3,353	8,052	7,019
Storage and other revenue
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	246	151	428	309
Gas gathering and processing revenue
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	6	10	21	17
Gas distribution sales
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	919	725	3,017	2,259
Total revenues	905	737	3,003	2,277
Electricity and transmission revenue
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	81	55	143	81
Commodity sales
Disaggregation of Revenue [Line Items]
Revenue not from contract with customers	8,108	6,334	16,433	12,763
Total revenues	8,108	6,334	16,433	12,763
Other revenue
Disaggregation of Revenue [Line Items]
Revenue not from contract with customers	(67)	320	218	637
Liquids Pipelines
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	2,629	2,194	5,365	4,549
Liquids Pipelines | Revenues from products transferred at a point in time
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	0	0	0	0
Liquids Pipelines | Revenue from products and services transferred over time
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	2,629	2,194	5,365	4,549
Gas Transmission and Midstream
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	1,289	1,119	2,582	2,321
Gas Transmission and Midstream | Revenues from products transferred at a point in time
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	0	0	0	0
Gas Transmission and Midstream | Revenue from products and services transferred over time
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	1,289	1,119	2,582	2,321
Gas Distribution and Storage
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	1,175	926	3,571	2,734
Gas Distribution and Storage | Revenues from products transferred at a point in time
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	20	17	36	34
Gas Distribution and Storage | Revenue from products and services transferred over time
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	1,155	909	3,535	2,700
Renewable Power Generation
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	81	55	143	81
Renewable Power Generation | Revenues from products transferred at a point in time
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	0	0	0	0
Renewable Power Generation | Revenue from products and services transferred over time
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	81	55	143	81
Business segments | Liquids Pipelines
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	2,629	2,194	5,365	4,549
Total revenues	2,638	2,547	5,693	5,246
Business segments | Liquids Pipelines | Transportation revenue
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	2,565	2,157	5,250	4,486
Business segments | Liquids Pipelines | Storage and other revenue
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	64	37	115	63
Business segments | Liquids Pipelines | Gas gathering and processing revenue
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	0	0	0	0
Business segments | Liquids Pipelines | Gas distribution sales
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	0	0	0	0
Business segments | Liquids Pipelines | Electricity and transmission revenue
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	0	0	0	0
Business segments | Liquids Pipelines | Commodity sales
Disaggregation of Revenue [Line Items]
Revenue not from contract with customers	0	0	0	0
Business segments | Liquids Pipelines | Other revenue
Disaggregation of Revenue [Line Items]
Revenue not from contract with customers	(145)	215	33	427
Business segments | Gas Transmission and Midstream
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	1,289	1,119	2,582	2,321
Total revenues	1,301	1,128	2,601	2,342
Business segments | Gas Transmission and Midstream | Transportation revenue
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	1,200	1,046	2,394	2,167
Business segments | Gas Transmission and Midstream | Storage and other revenue
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	83	63	167	137
Business segments | Gas Transmission and Midstream | Gas gathering and processing revenue
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	6	10	21	17
Business segments | Gas Transmission and Midstream | Gas distribution sales
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	0	0	0	0
Business segments | Gas Transmission and Midstream | Electricity and transmission revenue
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	0	0	0	0
Business segments | Gas Transmission and Midstream | Commodity sales
Disaggregation of Revenue [Line Items]
Revenue not from contract with customers	0	0	0	0
Business segments | Gas Transmission and Midstream | Other revenue
Disaggregation of Revenue [Line Items]
Revenue not from contract with customers	11	9	18	21
Business segments | Gas Distribution and Storage
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	1,175	926	3,571	2,734
Total revenues	1,138	953	3,549	2,776
Business segments | Gas Distribution and Storage | Transportation revenue
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	157	150	408	366
Business segments | Gas Distribution and Storage | Storage and other revenue
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	99	51	146	109
Business segments | Gas Distribution and Storage | Gas gathering and processing revenue
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	0	0	0	0
Business segments | Gas Distribution and Storage | Gas distribution sales
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	919	725	3,017	2,259
Business segments | Gas Distribution and Storage | Electricity and transmission revenue
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	0	0	0	0
Business segments | Gas Distribution and Storage | Commodity sales
Disaggregation of Revenue [Line Items]
Revenue not from contract with customers	0	0	0	0
Business segments | Gas Distribution and Storage | Other revenue
Disaggregation of Revenue [Line Items]
Revenue not from contract with customers	(37)	12	(33)	18
Business segments | Renewable Power Generation
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	81	55	143	81
Total revenues	155	132	311	249
Business segments | Renewable Power Generation | Transportation revenue
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	0	0	0	0
Business segments | Renewable Power Generation | Storage and other revenue
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	0	0	0	0
Business segments | Renewable Power Generation | Gas gathering and processing revenue
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	0	0	0	0
Business segments | Renewable Power Generation | Gas distribution sales
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	0	0	0	0
Business segments | Renewable Power Generation | Electricity and transmission revenue
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	81	55	143	81
Business segments | Renewable Power Generation | Commodity sales
Disaggregation of Revenue [Line Items]
Revenue not from contract with customers	0	0	0	0
Business segments | Renewable Power Generation | Other revenue
Disaggregation of Revenue [Line Items]
Revenue not from contract with customers	74	77	168	168
Business segments | Energy Services
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	0	0	0	0
Total revenues	8,138	6,345	16,475	12,778
Business segments | Energy Services | Transportation revenue
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	0	0	0	0
Business segments | Energy Services | Storage and other revenue
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	0	0	0	0
Business segments | Energy Services | Gas gathering and processing revenue
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	0	0	0	0
Business segments | Energy Services | Gas distribution sales
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	0	0	0	0
Business segments | Energy Services | Electricity and transmission revenue
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	0	0	0	0
Business segments | Energy Services | Commodity sales
Disaggregation of Revenue [Line Items]
Revenue not from contract with customers	8,108	6,334	16,433	12,763
Business segments | Energy Services | Other revenue
Disaggregation of Revenue [Line Items]
Revenue not from contract with customers	30	1	32	1
Eliminations and Other
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	0	0	0	0
Total revenues	(155)	(157)	(317)	(306)
Eliminations and Other | Transportation revenue
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	0	0	0	0
Eliminations and Other | Storage and other revenue
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	0	0	0	0
Eliminations and Other | Gas gathering and processing revenue
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	0	0	0	0
Eliminations and Other | Gas distribution sales
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	0	0	0	0
Eliminations and Other | Electricity and transmission revenue
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	0	0	0	0
Eliminations and Other | Commodity sales
Disaggregation of Revenue [Line Items]
Revenue not from contract with customers	0	0	0	0
Eliminations and Other | Other revenue
Disaggregation of Revenue [Line Items]
Revenue not from contract with customers	0	6	0	2
Intersegment revenue
Disaggregation of Revenue [Line Items]
Revenue not from contract with customers	(155)	(163)	(317)	(308)
Total revenues	(155)	(157)	(317)	(306)
Intersegment revenue | Liquids Pipelines
Disaggregation of Revenue [Line Items]
Revenue not from contract with customers	154	138	295	270
Intersegment revenue | Gas Transmission and Midstream
Disaggregation of Revenue [Line Items]
Revenue not from contract with customers	1	0	1	0
Intersegment revenue | Gas Distribution and Storage
Disaggregation of Revenue [Line Items]
Revenue not from contract with customers	0	15	11	24
Intersegment revenue | Renewable Power Generation
Disaggregation of Revenue [Line Items]
Revenue not from contract with customers	0	0	0	0
Intersegment revenue | Energy Services
Disaggregation of Revenue [Line Items]
Revenue not from contract with customers	$ 0	$ 10	$ 10	$ 14

REVENUE - Narrative (Details)

REVENUE - Narrative (Details) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2022 CAD ($)	Jun. 30, 2022 CAD ($)
Revenue from Contract with Customer [Abstract]
Revenue recognized	$ 21	$ 82
Increase in contract with customers, liability	131	228
Remaining performance obligation	58,300	58,300
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-07-01
Revenue from Contract with Customer [Abstract]
Remaining performance obligation	$ 3,700	$ 3,700
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation, period	6 months	6 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-01-01
Revenue from Contract with Customer [Abstract]
Remaining performance obligation	$ 6,300	$ 6,300
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation, period	1 year	1 year

REVENUE - Contract Balances (De

REVENUE - Contract Balances (Details) - CAD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Revenue from Contract with Customer [Abstract]
Contract Receivables	$ 2,256	$ 2,369
Contract Assets	223	213
Contract Liabilities	$ 2,043	$ 1,898

SEGMENTED INFORMATION (Details)

SEGMENTED INFORMATION (Details) - CAD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Segmented Information
Operating revenues	$ 13,215	$ 10,948	$ 28,312	$ 23,085
Commodity and gas distribution costs	(8,637)	(6,719)	(18,384)	(13,867)
Operating and administrative	(1,994)	(1,484)	(3,869)	(3,043)
Income/(loss) from equity investments	510	352	1,001	747
Other income/(expense)	(499)	241	(41)	502
Earnings/(loss) before interest, income taxes, and depreciation and amortization	2,595	3,338	7,019	7,424
Depreciation and amortization	(1,064)	(929)	(2,119)	(1,861)
Interest expense	(791)	(618)	(1,510)	(1,275)
Income tax expense	(133)	(270)	(726)	(753)
Earnings	607	1,521	2,664	3,535
Capital expenditures	963	1,425	2,021	3,499
Eliminations and Other
Segmented Information
Operating revenues	(155)	(157)	(317)	(306)
Commodity and gas distribution costs	151	154	314	320
Operating and administrative	(128)	(99)	(165)	(76)
Income/(loss) from equity investments	(2)	0	(2)	0
Other income/(expense)	(570)	194	(179)	374
Earnings/(loss) before interest, income taxes, and depreciation and amortization	(704)	92	(349)	312
Capital expenditures	12	9	24	21
Liquids Pipelines | Business segments
Segmented Information
Operating revenues	2,638	2,547	5,693	5,246
Commodity and gas distribution costs	(16)	(7)	(27)	(10)
Operating and administrative	(976)	(673)	(1,923)	(1,492)
Income/(loss) from equity investments	153	180	368	334
Other income/(expense)	19	(3)	36	5
Earnings/(loss) before interest, income taxes, and depreciation and amortization	1,818	2,044	4,147	4,083
Capital expenditures	273	567	818	1,923
Gas Transmission and Midstream | Business segments
Segmented Information
Operating revenues	1,301	1,128	2,601	2,342
Commodity and gas distribution costs	0	0	0	0
Operating and administrative	(545)	(424)	(1,075)	(858)
Income/(loss) from equity investments	335	132	556	314
Other income/(expense)	28	32	51	43
Earnings/(loss) before interest, income taxes, and depreciation and amortization	1,119	868	2,133	1,841
Capital expenditures	333	547	562	1,029
Gas Distribution and Storage | Business segments
Segmented Information
Operating revenues	1,138	953	3,549	2,776
Commodity and gas distribution costs	(463)	(299)	(1,931)	(1,257)
Operating and administrative	(281)	(242)	(580)	(514)
Income/(loss) from equity investments	1	27	1	49
Other income/(expense)	22	19	43	38
Earnings/(loss) before interest, income taxes, and depreciation and amortization	417	458	1,082	1,092
Capital expenditures	334	300	600	519
Renewable Power Generation | Business segments
Segmented Information
Operating revenues	155	132	311	249
Commodity and gas distribution costs	(4)	0	(8)	0
Operating and administrative	(53)	(37)	(101)	(80)
Income/(loss) from equity investments	23	13	78	50
Other income/(expense)	1	7	4	52
Earnings/(loss) before interest, income taxes, and depreciation and amortization	122	115	284	271
Capital expenditures	11	2	17	7
Energy Services | Business segments
Segmented Information
Operating revenues	8,138	6,345	16,475	12,778
Commodity and gas distribution costs	(8,305)	(6,567)	(16,732)	(12,920)
Operating and administrative	(11)	(9)	(25)	(23)
Income/(loss) from equity investments	0	0	0	0
Other income/(expense)	1	(8)	4	(10)
Earnings/(loss) before interest, income taxes, and depreciation and amortization	(177)	(239)	(278)	(175)
Capital expenditures	$ 0	$ 0	$ 0	$ 0

EARNINGS PER COMMON SHARE AND_3

EARNINGS PER COMMON SHARE AND DIVIDENDS PER SHARE - Basic (Details) - shares shares in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2021
Earnings Per Share [Abstract]
Pro-rata weighted average interest in entity's own common shares (in shares)	2	3

EARNINGS PER COMMON SHARE AND_4

EARNINGS PER COMMON SHARE AND DIVIDENDS PER SHARE - Diluted (Details) - $ / shares shares in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Weighted average number of common shares outstanding diluted
Weighted average shares outstanding (in shares)	2,026	2,024	2,026	2,023
Effect of dilutive options and RSUs (in shares)	4	2	4	1
Diluted weighted average shares outstanding (in shares)	2,030	2,026	2,030	2,024
Stock options
Weighted average number of common shares outstanding diluted
Antidilutive securities excluded from the diluted earnings per common share calculation (in shares)	3.2	20.5	8	24
Weighted average exercise price of antidilutive securities (in Canadian dollars per share)	$ 59.29	$ 50.66	$ 56.72	$ 51.10

EARNINGS PER COMMON SHARE AND_5

EARNINGS PER COMMON SHARE AND DIVIDENDS PER SHARE - Dividends Per Share (Details)

1 Months Ended

3 Months Ended

4 Months Ended

6 Months Ended

Sep. 01, 2022 $ / shares

Sep. 01, 2022 $ / shares

Jul. 26, 2022 $ / shares

Jul. 26, 2022 $ / shares

May 31, 2022 $ / shares

Mar. 01, 2022

Feb. 28, 2022 $ / shares

Jun. 30, 2022 $ / shares

Jun. 30, 2022 $ / shares

Jun. 30, 2021 $ / shares

Jun. 30, 2022 $ / shares

Jun. 30, 2022 $ / shares

Jun. 30, 2021 $ / shares

Dividends Payable [Line Items]

Common stock, dividends, per share, declared (in dollars per share)

$ 0.835

$ 0.86

Common stock, dividends per share, paid (in dollars per share)

$ 0.860

$ 0.835

$ 1.720

$ 1.670

Common Stock Dividends Per Share Increase Decrease

3%

Common shares | Subsequent event

Dividends Payable [Line Items]

Common stock, dividends, per share, declared (in dollars per share)

$ 0.86000

Common shares | Forecast

Dividends Payable [Line Items]

Common stock, dividends per share, paid (in dollars per share)

$ 0.86000

Preferred share investment | Preference Shares, Series B

Dividends Payable [Line Items]

Preferred stock, dividend declared per share (dollars per share)

$ 0.21340

$ 0.32513

Preferred share investment | Subsequent event | Preference Shares, Series A

Dividends Payable [Line Items]

Preferred stock, dividend declared per share (dollars per share)

0.34375

Preferred share investment | Subsequent event | Preference Shares, Series B

Dividends Payable [Line Items]

Preferred stock, dividend declared per share (dollars per share)

0.32513

Preferred share investment | Subsequent event | Preference Shares, Series D

Dividends Payable [Line Items]

Preferred stock, dividend declared per share (dollars per share)

0.27875

Preferred share investment | Subsequent event | Preference Shares, Series F

Dividends Payable [Line Items]

Preferred stock, dividend declared per share (dollars per share)

0.29306

Preferred share investment | Subsequent event | Preference Shares, Series H

Dividends Payable [Line Items]

Preferred stock, dividend declared per share (dollars per share)

0.27350

Preferred share investment | Subsequent event | Preference Shares, Series L

Dividends Payable [Line Items]

Preferred stock, dividend declared per share (dollars per share)

$ 0.30993

Preferred share investment | Subsequent event | Preference Shares, Series N

Dividends Payable [Line Items]

Preferred stock, dividend declared per share (dollars per share)

0.31788

Preferred share investment | Subsequent event | Preference Shares, Series P

Dividends Payable [Line Items]

Preferred stock, dividend declared per share (dollars per share)

0.27369

Preferred share investment | Subsequent event | Preference Shares, Series R

Dividends Payable [Line Items]

Preferred stock, dividend declared per share (dollars per share)

0.25456

Preferred share investment | Subsequent event | Preference Shares, Series 1

Dividends Payable [Line Items]

Preferred stock, dividend declared per share (dollars per share)

0.37182

Preferred share investment | Subsequent event | Preference Shares, Series 3

Dividends Payable [Line Items]

Preferred stock, dividend declared per share (dollars per share)

0.23356

Preferred share investment | Subsequent event | Preference Shares, Series 5

Dividends Payable [Line Items]

Preferred stock, dividend declared per share (dollars per share)

$ 0.33596

Preferred share investment | Subsequent event | Preference Shares, Series 7

Dividends Payable [Line Items]

Preferred stock, dividend declared per share (dollars per share)

0.27806

Preferred share investment | Subsequent event | Preference Shares, Series 9

Dividends Payable [Line Items]

Preferred stock, dividend declared per share (dollars per share)

0.25606

Preferred share investment | Subsequent event | Preference Shares, Series 11

Dividends Payable [Line Items]

Preferred stock, dividend declared per share (dollars per share)

0.24613

Preferred share investment | Subsequent event | Preference Shares, Series 13

Dividends Payable [Line Items]

Preferred stock, dividend declared per share (dollars per share)

0.19019

Preferred share investment | Subsequent event | Preference Shares, Series 15

Dividends Payable [Line Items]

Preferred stock, dividend declared per share (dollars per share)

0.18644

Preferred share investment | Subsequent event | Preference Shares, Series 19

Dividends Payable [Line Items]

Preferred stock, dividend declared per share (dollars per share)

$ 0.30625

Preferred share investment | Forecast | Preference Shares, Series A

Dividends Payable [Line Items]

Preferred stock, dividend paid per share (dollars per share)

0.34375

Preferred share investment | Forecast | Preference Shares, Series B

Dividends Payable [Line Items]

Preferred stock, dividend paid per share (dollars per share)

0.32513

Preferred share investment | Forecast | Preference Shares, Series D

Dividends Payable [Line Items]

Preferred stock, dividend paid per share (dollars per share)

0.27875

Preferred share investment | Forecast | Preference Shares, Series F

Dividends Payable [Line Items]

Preferred stock, dividend paid per share (dollars per share)

0.29306

Preferred share investment | Forecast | Preference Shares, Series H

Dividends Payable [Line Items]

Preferred stock, dividend paid per share (dollars per share)

0.27350

Preferred share investment | Forecast | Preference Shares, Series L

Dividends Payable [Line Items]

Preferred stock, dividend paid per share (dollars per share)

$ 0.30993

Preferred share investment | Forecast | Preference Shares, Series N

Dividends Payable [Line Items]

Preferred stock, dividend paid per share (dollars per share)

0.31788

Preferred share investment | Forecast | Preference Shares, Series P

Dividends Payable [Line Items]

Preferred stock, dividend paid per share (dollars per share)

0.27369

Preferred share investment | Forecast | Preference Shares, Series R

Dividends Payable [Line Items]

Preferred stock, dividend paid per share (dollars per share)

0.25456

Preferred share investment | Forecast | Preference Shares, Series 1

Dividends Payable [Line Items]

Preferred stock, dividend paid per share (dollars per share)

0.37182

Preferred share investment | Forecast | Preference Shares, Series 3

Dividends Payable [Line Items]

Preferred stock, dividend paid per share (dollars per share)

0.23356

Preferred share investment | Forecast | Preference Shares, Series 5

Dividends Payable [Line Items]

Preferred stock, dividend paid per share (dollars per share)

$ 0.33596

Preferred share investment | Forecast | Preference Shares, Series 7

Dividends Payable [Line Items]

Preferred stock, dividend paid per share (dollars per share)

0.27806

Preferred share investment | Forecast | Preference Shares, Series 9

Dividends Payable [Line Items]

Preferred stock, dividend paid per share (dollars per share)

0.25606

Preferred share investment | Forecast | Preference Shares, Series 11

Dividends Payable [Line Items]

Preferred stock, dividend paid per share (dollars per share)

0.24613

Preferred share investment | Forecast | Preference Shares, Series 13

Dividends Payable [Line Items]

Preferred stock, dividend paid per share (dollars per share)

0.19019

Preferred share investment | Forecast | Preference Shares, Series 15

Dividends Payable [Line Items]

Preferred stock, dividend paid per share (dollars per share)

0.18644

Preferred share investment | Forecast | Preference Shares, Series 19

Dividends Payable [Line Items]

Preferred stock, dividend paid per share (dollars per share)

$ 0.30625

EARNINGS PER COMMON SHARE AND_6

EARNINGS PER COMMON SHARE AND DIVIDENDS PER SHARE - Preference Share Redemption (Details) $ in Millions, $ in Millions	Jun. 01, 2022 USD ($)	Mar. 01, 2022 CAD ($)
Preference Shares, Series 17
Preferred stock outstanding, redemption amount		$ 750
Preference Shares, Series J
Preferred stock outstanding, redemption amount	$ 200

DEBT - Credit Facilities (Detai

DEBT - Credit Facilities (Details) - Committed credit facilities $ in Millions	6 Months Ended
	Jun. 30, 2022 CAD ($)
CREDIT FACILITIES
Total Facilities	$ 21,913
Draws	16,063
Available	$ 5,850
Term out option period	1 year
Enbridge (U.S.) Inc.
CREDIT FACILITIES
Total Facilities	$ 7,095
Draws	4,493
Available	2,602
Enbridge Pipelines Inc.
CREDIT FACILITIES
Total Facilities	2,000
Draws	797
Available	1,203
Enbridge Gas Inc.
CREDIT FACILITIES
Total Facilities	2,000
Draws	1,620
Available	380
Enbridge Inc.
CREDIT FACILITIES
Total Facilities	10,818
Draws	9,153
Available	$ 1,665

DEBT - Narrative (Details)

DEBT - Narrative (Details) $ in Millions, ¥ in Billions

1 Months Ended

3 Months Ended

6 Months Ended

Jul. 22, 2022 CAD ($)

Jul. 22, 2022 CAD ($)

Jul. 15, 2022 CAD ($)

Jun. 23, 2022 CAD ($)

May 24, 2022 USD ($)

May 17, 2022 CAD ($)

Feb. 10, 2022 CAD ($)

Feb. 28, 2022 USD ($)

Jun. 30, 2022 CAD ($)

Jun. 30, 2021 CAD ($)

Jun. 30, 2022 CAD ($)

Jun. 30, 2021 CAD ($)

Jun. 30, 2022 USD ($)

May 17, 2022 JPY (¥)

Jan. 31, 2022 CAD ($)

Dec. 31, 2021 CAD ($)

Line of Credit Facility [Line Items]

Commitment fee percentage

0.10%

Long-term debt

$ 70,005,000,000

$ 70,005,000,000

$ 67,961,000,000

Long-term debt, fair value adjustment

635,000,000

635,000,000

667,000,000

Amortization of fair value adjustment

11,000,000

$ 13,000,000

22,000,000

$ 25,000,000

364 Day Extendible Credit Facilities

Line of Credit Facility [Line Items]

Debt instrument maturity period (in year)

364 days

Amount of credit facility

$ 5,500,000,000

Term out option period

1 year

364 Day Extendible Credit Facilities | Subsequent event

Line of Credit Facility [Line Items]

Debt instrument maturity period (in year)

364 days

Amount of credit facility

$ 4,800,000,000

$ 4,800,000,000

Term out option period

1 year

Commercial paper and credit facility draws

Line of Credit Facility [Line Items]

Long-term debt

12,300,000,000

12,300,000,000

11,300,000,000

5.00% hybrid fixed-to-fixed subordinated notes due January 2082 | Enbridge Inc.

Line of Credit Facility [Line Items]

Principal amount of debt

750,000,000

750,000,000

$ 1,500

$ 750,000,000

Floating rate notes | Enbridge Inc.

Line of Credit Facility [Line Items]

Principal amount

$ 750

Fixed-to-floating subordinated term notes | Subordinated term notes

Line of Credit Facility [Line Items]

Subordinated debt

8,600,000,000

8,600,000,000

Fixed-to-fixed subordinated term notes | Subordinated term notes

Line of Credit Facility [Line Items]

Subordinated debt

7,700,000,000

Revolving credit facility | Subsequent event

Line of Credit Facility [Line Items]

Debt instrument maturity period (in year)

5 years

Amount of credit facility

$ 3,000,000,000

Line of credit facility, increase

$ 481,000,000

Revolving credit facility | Sustainability-linked Credit Facility

Line of Credit Facility [Line Items]

Debt instrument maturity period (in year)

3 years

Amount of credit facility

$ 1,000,000,000

Uncommitted demand credit facilities

Line of Credit Facility [Line Items]

Amount of credit facility

1,300,000,000

1,300,000,000

1,300,000,000

Unutilized amount of facility

$ 791,000,000

$ 791,000,000

$ 854,000,000

Term Loan Maturing In May 2025 | Three Year Term Loan | Term Loan

Line of Credit Facility [Line Items]

Debt instrument maturity period (in year)

3 years

Amount of credit facility

$ 806,000,000

¥ 84.8

Term Loan Matured In May 2022 | Term Loan

Line of Credit Facility [Line Items]

Amount of credit facility

$ 499,000,000

¥ 52.5

Term Loan Maturing In 2023 | 364-Day Term Loan | Term Loan

Line of Credit Facility [Line Items]

Debt instrument maturity period (in year)

364 days

Amount of credit facility

$ 1,900

DEBT - Long Term Debt Issuance

DEBT - Long Term Debt Issuance (Details) - Enbridge Inc. $ in Millions, $ in Millions	6 Months Ended
	Jun. 30, 2022 CAD ($)	Jun. 30, 2022 USD ($)	Feb. 28, 2022 USD ($)	Jan. 31, 2022 CAD ($)
5.00% hybrid fixed-to-fixed subordinated notes due January 2082
Debt Instrument [Line Items]
Interest rate (as a percent)				5%
Principal amount of debt	$ 750	$ 1,500		$ 750
Floating rate senior notes due February 2024
Debt Instrument [Line Items]
Principal amount of debt			$ 600
Floating rate senior notes due February 2024 | SOFR
Debt Instrument [Line Items]
Spread on variable rate (percent)	0.63%
2.15% senior notes due February 2024
Debt Instrument [Line Items]
Interest rate (as a percent)			2.15%
Principal amount of debt			$ 400
2.5% senior notes due February 2025
Debt Instrument [Line Items]
Interest rate (as a percent)			2.50%
Principal amount of debt			$ 500

DEBT - Long Term Debt Repayment

DEBT - Long Term Debt Repayments (Details) $ in Millions, $ in Millions	1 Months Ended					6 Months Ended
	Apr. 30, 2022 CAD ($)	Feb. 28, 2022 USD ($)	Feb. 28, 2022 CAD ($)	Jun. 30, 2021 USD ($)	Jun. 30, 2021 CAD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2022 CAD ($)
Long-Term Debt
DEBT
Principal Amount						$ 784	$ 334
4.85% medium-term notes | Enbridge Gas Inc.
DEBT
Interest rate (as a percent)	4.85%
Principal Amount	$ 125
senior notes | Enbridge Pipelines (Southern Lights) L.L.C.
DEBT
Interest rate (as a percent)						3.98%	3.98%
Principal Amount				$ 34
4.01% senior notes | Enbridge Southern Lights LP
DEBT
Interest rate (as a percent)						4.01%	4.01%
Principal Amount					$ 9
Enbridge Inc. | Floating rate notes
DEBT
Principal Amount		$ 750
Enbridge Inc. | Floating rate notes | London Interbank Offered Rate
DEBT
Spread on variable rate (percent)						0.50%	0.50%
Enbridge Inc. | 4.85% medium-term notes
DEBT
Interest rate (as a percent)		4.85%	4.85%
Principal Amount			$ 200

COMPONENTS OF ACCUMULATED OTH_3

COMPONENTS OF ACCUMULATED OTHER COMPREHENSIVE INCOME/(LOSS) (Details) - CAD ($) $ in Millions	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Changes in AOCI
Balance at the beginning of the period	$ 63,368
Other comprehensive income/(loss) retained in AOCI	1,732	$ (1,040)
Total before tax impact	1,866	(880)
Income tax on amounts retained in AOCI	(202)	(103)
Income tax on amounts reclassified to earnings	(30)	(36)
Tax impact	(232)	(139)
Balance at the end of the period	64,537	64,896
Interest rate contracts
Changes in AOCI
Other comprehensive loss/(income) reclassified to earnings	142	142
Foreign exchange contracts
Changes in AOCI
Other comprehensive loss/(income) reclassified to earnings	(4)	3
Other contracts
Changes in AOCI
Other comprehensive loss/(income) reclassified to earnings	2	1
Total
Changes in AOCI
Balance at the beginning of the period	(1,096)	(1,401)
Balance at the end of the period	538	(2,420)
Cash Flow Hedges
Changes in AOCI
Balance at the beginning of the period	(897)	(1,326)
Other comprehensive income/(loss) retained in AOCI	854	294
Other		17
Total before tax impact	994	457
Income tax on amounts retained in AOCI	(202)	(75)
Income tax on amounts reclassified to earnings	(31)	(33)
Tax impact	(233)	(108)
Balance at the end of the period	(136)	(977)
Cash Flow Hedges | Interest rate contracts
Changes in AOCI
Other comprehensive loss/(income) reclassified to earnings	142	142
Cash Flow Hedges | Foreign exchange contracts
Changes in AOCI
Other comprehensive loss/(income) reclassified to earnings	(4)	3
Cash Flow Hedges | Other contracts
Changes in AOCI
Other comprehensive loss/(income) reclassified to earnings	2	1
Excluded Components of Fair Value Hedges
Changes in AOCI
Balance at the beginning of the period	0	5
Other comprehensive income/(loss) retained in AOCI	(5)	(2)
Total before tax impact	(5)	(2)
Income tax on amounts retained in AOCI	0	0
Income tax on amounts reclassified to earnings	0	0
Tax impact	0	0
Balance at the end of the period	(5)	3
Net Investment Hedges
Changes in AOCI
Balance at the beginning of the period	(166)	(215)
Other comprehensive income/(loss) retained in AOCI	(253)	251
Total before tax impact	(253)	251
Income tax on amounts retained in AOCI	0	(29)
Income tax on amounts reclassified to earnings	0	0
Tax impact	0	(29)
Balance at the end of the period	(419)	7
Cumulative Translation Adjustment
Changes in AOCI
Balance at the beginning of the period	56	568
Other comprehensive income/(loss) retained in AOCI	1,136	(1,584)
Other		(20)
Total before tax impact	1,136	(1,604)
Income tax on amounts retained in AOCI	0	0
Income tax on amounts reclassified to earnings	0	0
Tax impact	0	0
Balance at the end of the period	1,192	(1,036)
Equity Investees
Changes in AOCI
Balance at the beginning of the period	(5)	66
Other comprehensive income/(loss) retained in AOCI	0	1
Other		3
Total before tax impact	0	4
Income tax on amounts retained in AOCI	0	1
Income tax on amounts reclassified to earnings	0	0
Tax impact	0	1
Balance at the end of the period	(5)	71
Pension and OPEB Adjustment
Changes in AOCI
Balance at the beginning of the period	(84)	(499)
Other comprehensive loss/(income) reclassified to earnings	(6)	14
Total before tax impact	(6)	14
Income tax on amounts retained in AOCI	0	0
Income tax on amounts reclassified to earnings	1	(3)
Tax impact	1	(3)
Balance at the end of the period	$ (89)	$ (488)

RISK MANAGEMENT AND FINANCIAL_3

RISK MANAGEMENT AND FINANCIAL INSTRUMENTS - Market Risk (Details)	6 Months Ended
	Jun. 30, 2022 equity_type
RISK MANAGEMENT AND FINANCIAL INSTRUMENTS
Average swap rate (percent)	1.90%
Average swap rate, variable (as a percent)	2.20%
Interest rate contracts - short-term borrowings
RISK MANAGEMENT AND FINANCIAL INSTRUMENTS
Floating rate debt as target percentage of total debt outstanding maximum	30%
Equity contracts
RISK MANAGEMENT AND FINANCIAL INSTRUMENTS
Number of forms of stock-based compensation with equity price risk	1

RISK MANAGEMENT AND FINANCIAL_4

RISK MANAGEMENT AND FINANCIAL INSTRUMENTS - Total Derivative Instruments (Details) - CAD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
TOTAL DERIVATIVE INSTRUMENTS
Total net financial assets/(liabilities)	$ 217	$ (359)
Derivative liabilities, Total Net Derivative Instruments	217	(359)
Non-Qualifying Derivative Instruments
TOTAL DERIVATIVE INSTRUMENTS
Total net financial assets/(liabilities)	(620)	(202)
Derivative Instruments Used as Cash Flow Hedges | Designated as hedging instrument
TOTAL DERIVATIVE INSTRUMENTS
Total net financial assets/(liabilities)	856	(45)
Derivative Instruments Used as Fair Value Hedges | Designated as hedging instrument
TOTAL DERIVATIVE INSTRUMENTS
Total net financial assets/(liabilities)	(19)	(112)
Accounts receivable and other
TOTAL DERIVATIVE INSTRUMENTS
Derivative assets	848	529
Derivative assets, Amounts Available for Offset	(316)	(170)
Derivative assets, Total Net Derivative Instruments	532	359
Accounts receivable and other | Non-Qualifying Derivative Instruments
TOTAL DERIVATIVE INSTRUMENTS
Derivative assets	505	465
Accounts receivable and other | Derivative Instruments Used as Cash Flow Hedges | Designated as hedging instrument
TOTAL DERIVATIVE INSTRUMENTS
Derivative assets	343	64
Accounts receivable and other | Derivative Instruments Used as Fair Value Hedges | Designated as hedging instrument
TOTAL DERIVATIVE INSTRUMENTS
Derivative assets	0	0
Deferred amounts and other assets
TOTAL DERIVATIVE INSTRUMENTS
Derivative assets	833	360
Derivative assets, Amounts Available for Offset	(145)	(75)
Derivative assets, Total Net Derivative Instruments	688	285
Deferred amounts and other assets | Non-Qualifying Derivative Instruments
TOTAL DERIVATIVE INSTRUMENTS
Derivative assets	245	272
Deferred amounts and other assets | Derivative Instruments Used as Cash Flow Hedges | Designated as hedging instrument
TOTAL DERIVATIVE INSTRUMENTS
Derivative assets	568	88
Deferred amounts and other assets | Derivative Instruments Used as Fair Value Hedges | Designated as hedging instrument
TOTAL DERIVATIVE INSTRUMENTS
Derivative assets	20	0
Accounts payable and other
TOTAL DERIVATIVE INSTRUMENTS
Derivative liabilities	(741)	(717)
Derivative liabilities, Amounts Available for Offset	316	170
Derivative liabilities, Total Net Derivative Instruments	(425)	(547)
Accounts payable and other | Non-Qualifying Derivative Instruments
TOTAL DERIVATIVE INSTRUMENTS
Derivative liabilities	(677)	(426)
Accounts payable and other | Derivative Instruments Used as Cash Flow Hedges | Designated as hedging instrument
TOTAL DERIVATIVE INSTRUMENTS
Derivative liabilities	(33)	(179)
Accounts payable and other | Derivative Instruments Used as Fair Value Hedges | Designated as hedging instrument
TOTAL DERIVATIVE INSTRUMENTS
Derivative liabilities	(31)	(112)
Other long-term liabilities
TOTAL DERIVATIVE INSTRUMENTS
Derivative liabilities	(723)	(531)
Derivative liabilities, Amounts Available for Offset	145	75
Derivative liabilities, Total Net Derivative Instruments	(578)	(456)
Other long-term liabilities | Non-Qualifying Derivative Instruments
TOTAL DERIVATIVE INSTRUMENTS
Derivative liabilities	(693)	(513)
Other long-term liabilities | Derivative Instruments Used as Cash Flow Hedges | Designated as hedging instrument
TOTAL DERIVATIVE INSTRUMENTS
Derivative liabilities	(22)	(18)
Other long-term liabilities | Derivative Instruments Used as Fair Value Hedges | Designated as hedging instrument
TOTAL DERIVATIVE INSTRUMENTS
Derivative liabilities	(8)	0
Accounts receivable from affiliates
TOTAL DERIVATIVE INSTRUMENTS
Derivative assets	84
Accounts payable to affiliates
TOTAL DERIVATIVE INSTRUMENTS
Derivative liabilities	(128)
Foreign exchange contracts
TOTAL DERIVATIVE INSTRUMENTS
Total net financial assets/(liabilities)	(491)	(227)
Derivative liabilities, Total Net Derivative Instruments	(491)	(227)
Foreign exchange contracts | Non-Qualifying Derivative Instruments
TOTAL DERIVATIVE INSTRUMENTS
Total net financial assets/(liabilities)	(472)	(100)
Foreign exchange contracts | Derivative Instruments Used as Cash Flow Hedges | Designated as hedging instrument
TOTAL DERIVATIVE INSTRUMENTS
Total net financial assets/(liabilities)	0	(15)
Foreign exchange contracts | Derivative Instruments Used as Fair Value Hedges | Designated as hedging instrument
TOTAL DERIVATIVE INSTRUMENTS
Total net financial assets/(liabilities)	(19)	(112)
Foreign exchange contracts | Accounts receivable and other
TOTAL DERIVATIVE INSTRUMENTS
Derivative assets	140	259
Derivative assets, Amounts Available for Offset	(41)	(41)
Derivative assets, Total Net Derivative Instruments	99	218
Foreign exchange contracts | Accounts receivable and other | Non-Qualifying Derivative Instruments
TOTAL DERIVATIVE INSTRUMENTS
Derivative assets	140	259
Foreign exchange contracts | Accounts receivable and other | Derivative Instruments Used as Cash Flow Hedges | Designated as hedging instrument
TOTAL DERIVATIVE INSTRUMENTS
Derivative assets	0	0
Foreign exchange contracts | Accounts receivable and other | Derivative Instruments Used as Fair Value Hedges | Designated as hedging instrument
TOTAL DERIVATIVE INSTRUMENTS
Derivative assets	0	0
Foreign exchange contracts | Deferred amounts and other assets
TOTAL DERIVATIVE INSTRUMENTS
Derivative assets	203	240
Derivative assets, Amounts Available for Offset	(123)	(61)
Derivative assets, Total Net Derivative Instruments	80	179
Foreign exchange contracts | Deferred amounts and other assets | Non-Qualifying Derivative Instruments
TOTAL DERIVATIVE INSTRUMENTS
Derivative assets	183
Foreign exchange contracts | Deferred amounts and other assets | Derivative Instruments Used as Cash Flow Hedges | Designated as hedging instrument
TOTAL DERIVATIVE INSTRUMENTS
Derivative assets	0	0
Foreign exchange contracts | Deferred amounts and other assets | Derivative Instruments Used as Fair Value Hedges | Designated as hedging instrument
TOTAL DERIVATIVE INSTRUMENTS
Derivative assets	20	0
Foreign exchange contracts | Accounts payable and other
TOTAL DERIVATIVE INSTRUMENTS
Derivative liabilities	(252)	(303)
Derivative liabilities, Amounts Available for Offset	41	41
Derivative liabilities, Total Net Derivative Instruments	(211)	(262)
Foreign exchange contracts | Accounts payable and other | Non-Qualifying Derivative Instruments
TOTAL DERIVATIVE INSTRUMENTS
Derivative liabilities	(221)	(176)
Foreign exchange contracts | Accounts payable and other | Derivative Instruments Used as Cash Flow Hedges | Designated as hedging instrument
TOTAL DERIVATIVE INSTRUMENTS
Derivative liabilities	0	(15)
Foreign exchange contracts | Accounts payable and other | Derivative Instruments Used as Fair Value Hedges | Designated as hedging instrument
TOTAL DERIVATIVE INSTRUMENTS
Derivative liabilities	(31)	(112)
Foreign exchange contracts | Other long-term liabilities
TOTAL DERIVATIVE INSTRUMENTS
Derivative liabilities	(582)	(423)
Derivative liabilities, Amounts Available for Offset	123	61
Derivative liabilities, Total Net Derivative Instruments	(459)	(362)
Foreign exchange contracts | Other long-term liabilities | Non-Qualifying Derivative Instruments
TOTAL DERIVATIVE INSTRUMENTS
Derivative liabilities	(574)	(423)
Foreign exchange contracts | Other long-term liabilities | Derivative Instruments Used as Cash Flow Hedges | Designated as hedging instrument
TOTAL DERIVATIVE INSTRUMENTS
Derivative liabilities	0	0
Foreign exchange contracts | Other long-term liabilities | Derivative Instruments Used as Fair Value Hedges | Designated as hedging instrument
TOTAL DERIVATIVE INSTRUMENTS
Derivative liabilities	(8)	0
Interest rate contracts
TOTAL DERIVATIVE INSTRUMENTS
Total net financial assets/(liabilities)	854	(22)
Derivative liabilities, Total Net Derivative Instruments	854	(22)
Interest rate contracts | Non-Qualifying Derivative Instruments
TOTAL DERIVATIVE INSTRUMENTS
Total net financial assets/(liabilities)	(40)	(23)
Interest rate contracts | Derivative Instruments Used as Cash Flow Hedges | Designated as hedging instrument
TOTAL DERIVATIVE INSTRUMENTS
Total net financial assets/(liabilities)	894	1
Interest rate contracts | Derivative Instruments Used as Fair Value Hedges | Designated as hedging instrument
TOTAL DERIVATIVE INSTRUMENTS
Total net financial assets/(liabilities)	0	0
Interest rate contracts | Accounts receivable and other
TOTAL DERIVATIVE INSTRUMENTS
Derivative assets	342	64
Derivative assets, Amounts Available for Offset	(21)	0
Derivative assets, Total Net Derivative Instruments	321	64
Interest rate contracts | Accounts receivable and other | Non-Qualifying Derivative Instruments
TOTAL DERIVATIVE INSTRUMENTS
Derivative assets	1	0
Interest rate contracts | Accounts receivable and other | Derivative Instruments Used as Cash Flow Hedges | Designated as hedging instrument
TOTAL DERIVATIVE INSTRUMENTS
Derivative assets	341	64
Interest rate contracts | Accounts receivable and other | Derivative Instruments Used as Fair Value Hedges | Designated as hedging instrument
TOTAL DERIVATIVE INSTRUMENTS
Derivative assets	0	0
Interest rate contracts | Deferred amounts and other assets
TOTAL DERIVATIVE INSTRUMENTS
Derivative assets	566	88
Derivative assets, Amounts Available for Offset	0	(1)
Derivative assets, Total Net Derivative Instruments	566	87
Interest rate contracts | Deferred amounts and other assets | Non-Qualifying Derivative Instruments
TOTAL DERIVATIVE INSTRUMENTS
Derivative assets	0	0
Interest rate contracts | Deferred amounts and other assets | Derivative Instruments Used as Cash Flow Hedges | Designated as hedging instrument
TOTAL DERIVATIVE INSTRUMENTS
Derivative assets	566	88
Interest rate contracts | Deferred amounts and other assets | Derivative Instruments Used as Fair Value Hedges | Designated as hedging instrument
TOTAL DERIVATIVE INSTRUMENTS
Derivative assets	0	0
Interest rate contracts | Accounts payable and other
TOTAL DERIVATIVE INSTRUMENTS
Derivative liabilities	(51)	(150)
Derivative liabilities, Amounts Available for Offset	21	0
Derivative liabilities, Total Net Derivative Instruments	(30)	(150)
Interest rate contracts | Accounts payable and other | Non-Qualifying Derivative Instruments
TOTAL DERIVATIVE INSTRUMENTS
Derivative liabilities	(41)	0
Interest rate contracts | Accounts payable and other | Derivative Instruments Used as Cash Flow Hedges | Designated as hedging instrument
TOTAL DERIVATIVE INSTRUMENTS
Derivative liabilities	(10)	(150)
Interest rate contracts | Accounts payable and other | Derivative Instruments Used as Fair Value Hedges | Designated as hedging instrument
TOTAL DERIVATIVE INSTRUMENTS
Derivative liabilities	0	0
Interest rate contracts | Other long-term liabilities
TOTAL DERIVATIVE INSTRUMENTS
Derivative liabilities	(3)	(24)
Derivative liabilities, Amounts Available for Offset	0	1
Derivative liabilities, Total Net Derivative Instruments	(3)	(23)
Interest rate contracts | Other long-term liabilities | Non-Qualifying Derivative Instruments
TOTAL DERIVATIVE INSTRUMENTS
Derivative liabilities	0	(23)
Interest rate contracts | Other long-term liabilities | Derivative Instruments Used as Cash Flow Hedges | Designated as hedging instrument
TOTAL DERIVATIVE INSTRUMENTS
Derivative liabilities	(3)	(1)
Interest rate contracts | Other long-term liabilities | Derivative Instruments Used as Fair Value Hedges | Designated as hedging instrument
TOTAL DERIVATIVE INSTRUMENTS
Derivative liabilities	0	0
Commodity contracts
TOTAL DERIVATIVE INSTRUMENTS
Total net financial assets/(liabilities)	(158)	(115)
Derivative liabilities, Total Net Derivative Instruments	(158)	(115)
Commodity contracts | Non-Qualifying Derivative Instruments
TOTAL DERIVATIVE INSTRUMENTS
Total net financial assets/(liabilities)	(116)	(84)
Commodity contracts | Derivative Instruments Used as Cash Flow Hedges | Designated as hedging instrument
TOTAL DERIVATIVE INSTRUMENTS
Total net financial assets/(liabilities)	(42)	(31)
Commodity contracts | Derivative Instruments Used as Fair Value Hedges | Designated as hedging instrument
TOTAL DERIVATIVE INSTRUMENTS
Total net financial assets/(liabilities)	0	0
Commodity contracts | Accounts receivable and other
TOTAL DERIVATIVE INSTRUMENTS
Derivative assets	358	204
Derivative assets, Amounts Available for Offset	(254)	(129)
Derivative assets, Total Net Derivative Instruments	104	75
Commodity contracts | Accounts receivable and other | Non-Qualifying Derivative Instruments
TOTAL DERIVATIVE INSTRUMENTS
Derivative assets	358	204
Commodity contracts | Accounts receivable and other | Derivative Instruments Used as Cash Flow Hedges | Designated as hedging instrument
TOTAL DERIVATIVE INSTRUMENTS
Derivative assets	0	0
Commodity contracts | Accounts receivable and other | Derivative Instruments Used as Fair Value Hedges | Designated as hedging instrument
TOTAL DERIVATIVE INSTRUMENTS
Derivative assets	0	0
Commodity contracts | Deferred amounts and other assets
TOTAL DERIVATIVE INSTRUMENTS
Derivative assets	60	29
Derivative assets, Amounts Available for Offset	(22)	(13)
Derivative assets, Total Net Derivative Instruments	38	16
Commodity contracts | Deferred amounts and other assets | Non-Qualifying Derivative Instruments
TOTAL DERIVATIVE INSTRUMENTS
Derivative assets	60
Commodity contracts | Deferred amounts and other assets | Derivative Instruments Used as Cash Flow Hedges | Designated as hedging instrument
TOTAL DERIVATIVE INSTRUMENTS
Derivative assets	0	0
Commodity contracts | Deferred amounts and other assets | Derivative Instruments Used as Fair Value Hedges | Designated as hedging instrument
TOTAL DERIVATIVE INSTRUMENTS
Derivative assets	0	0
Commodity contracts | Accounts payable and other
TOTAL DERIVATIVE INSTRUMENTS
Derivative liabilities	(438)	(264)
Derivative liabilities, Amounts Available for Offset	254	129
Derivative liabilities, Total Net Derivative Instruments	(184)	(135)
Commodity contracts | Accounts payable and other | Non-Qualifying Derivative Instruments
TOTAL DERIVATIVE INSTRUMENTS
Derivative liabilities	(415)	(250)
Commodity contracts | Accounts payable and other | Derivative Instruments Used as Cash Flow Hedges | Designated as hedging instrument
TOTAL DERIVATIVE INSTRUMENTS
Derivative liabilities	(23)	(14)
Commodity contracts | Accounts payable and other | Derivative Instruments Used as Fair Value Hedges | Designated as hedging instrument
TOTAL DERIVATIVE INSTRUMENTS
Derivative liabilities	0	0
Commodity contracts | Other long-term liabilities
TOTAL DERIVATIVE INSTRUMENTS
Derivative liabilities	(138)	(84)
Derivative liabilities, Amounts Available for Offset	22	13
Derivative liabilities, Total Net Derivative Instruments	(116)	(71)
Commodity contracts | Other long-term liabilities | Non-Qualifying Derivative Instruments
TOTAL DERIVATIVE INSTRUMENTS
Derivative liabilities	(119)	(67)
Commodity contracts | Other long-term liabilities | Derivative Instruments Used as Cash Flow Hedges | Designated as hedging instrument
TOTAL DERIVATIVE INSTRUMENTS
Derivative liabilities	(19)	(17)
Commodity contracts | Other long-term liabilities | Derivative Instruments Used as Fair Value Hedges | Designated as hedging instrument
TOTAL DERIVATIVE INSTRUMENTS
Derivative liabilities	0	0
Other contracts
TOTAL DERIVATIVE INSTRUMENTS
Total net financial assets/(liabilities)	12	5
Derivative liabilities, Total Net Derivative Instruments	12	5
Other contracts | Non-Qualifying Derivative Instruments
TOTAL DERIVATIVE INSTRUMENTS
Total net financial assets/(liabilities)	8	5
Other contracts | Derivative Instruments Used as Cash Flow Hedges | Designated as hedging instrument
TOTAL DERIVATIVE INSTRUMENTS
Total net financial assets/(liabilities)	4	0
Other contracts | Derivative Instruments Used as Fair Value Hedges | Designated as hedging instrument
TOTAL DERIVATIVE INSTRUMENTS
Total net financial assets/(liabilities)	0	0
Other contracts | Accounts receivable and other
TOTAL DERIVATIVE INSTRUMENTS
Derivative assets	8	2
Derivative assets, Amounts Available for Offset	0	0
Derivative assets, Total Net Derivative Instruments	8	2
Other contracts | Accounts receivable and other | Non-Qualifying Derivative Instruments
TOTAL DERIVATIVE INSTRUMENTS
Derivative assets	6	2
Other contracts | Accounts receivable and other | Derivative Instruments Used as Cash Flow Hedges | Designated as hedging instrument
TOTAL DERIVATIVE INSTRUMENTS
Derivative assets	2	0
Other contracts | Accounts receivable and other | Derivative Instruments Used as Fair Value Hedges | Designated as hedging instrument
TOTAL DERIVATIVE INSTRUMENTS
Derivative assets	0	0
Other contracts | Deferred amounts and other assets
TOTAL DERIVATIVE INSTRUMENTS
Derivative assets	4	3
Derivative assets, Amounts Available for Offset	0	0
Derivative assets, Total Net Derivative Instruments	4	3
Other contracts | Deferred amounts and other assets | Non-Qualifying Derivative Instruments
TOTAL DERIVATIVE INSTRUMENTS
Derivative assets	2
Other contracts | Deferred amounts and other assets | Derivative Instruments Used as Cash Flow Hedges | Designated as hedging instrument
TOTAL DERIVATIVE INSTRUMENTS
Derivative assets	2	0
Other contracts | Deferred amounts and other assets | Derivative Instruments Used as Fair Value Hedges | Designated as hedging instrument
TOTAL DERIVATIVE INSTRUMENTS
Derivative assets	$ 0	$ 0

RISK MANAGEMENT AND FINANCIAL_5

RISK MANAGEMENT AND FINANCIAL INSTRUMENTS - Notional Principal or Quantity Information (Details) - Jun. 30, 2022 € in Millions, ¥ in Millions, £ in Millions, $ in Millions, $ in Millions	USD ($)	GBP (£)	EUR (€)	JPY (¥)	CAD ($)	Bcf	MMBbls	MWh
Foreign exchange contracts - forwards - purchase
RISK MANAGEMENT AND FINANCIAL INSTRUMENTS
Derivative Notional Amount Outstanding	$ 2,262			¥ 84,800
Foreign exchange contracts - forwards - purchase | United States dollar
RISK MANAGEMENT AND FINANCIAL INSTRUMENTS
2022	762
2023	0
2024	1,000
2025	500
2026	0
Thereafter	0
Foreign exchange contracts - forwards - purchase | Japanese yen
RISK MANAGEMENT AND FINANCIAL INSTRUMENTS
2022 | ¥				0
2023 | ¥				0
2024 | ¥				0
2025 | ¥				84,800
2026 | ¥				0
Thereafter | ¥				¥ 0
Foreign exchange contracts - forwards - sell
RISK MANAGEMENT AND FINANCIAL INSTRUMENTS
Derivative Notional Amount Outstanding	24,824	£ 163	€ 765
Foreign exchange contracts - forwards - sell | United States dollar
RISK MANAGEMENT AND FINANCIAL INSTRUMENTS
2022	4,900
2023	6,384
2024	5,134
2025	3,962
2026	3,362
Thereafter	$ 1,082
Foreign exchange contracts - forwards - sell | GBP
RISK MANAGEMENT AND FINANCIAL INSTRUMENTS
2022 | £		14
2023 | £		29
2024 | £		30
2025 | £		30
2026 | £		28
Thereafter | £		£ 32
Foreign exchange contracts - forwards - sell | Euro
RISK MANAGEMENT AND FINANCIAL INSTRUMENTS
2022 | €			68
2023 | €			92
2024 | €			91
2025 | €			86
2026 | €			85
Thereafter | €			€ 343
Interest rate contracts - short-term borrowings
RISK MANAGEMENT AND FINANCIAL INSTRUMENTS
2022					$ 5,242
2023					1,346
2024					132
2025					30
2026					26
Thereafter					64
Derivative Notional Amount Outstanding					6,840
Interest rate contracts - long-term debt pay fixed rate
RISK MANAGEMENT AND FINANCIAL INSTRUMENTS
2022					3,052
2023					2,626
2024					1,718
2025					573
2026					0
Thereafter					0
Derivative Notional Amount Outstanding					7,969
Equity contracts
RISK MANAGEMENT AND FINANCIAL INSTRUMENTS
2022					0
2023					36
2024					30
2025					11
2026					0
Thereafter					0
Derivative Notional Amount Outstanding					$ 77
Commodity contracts
RISK MANAGEMENT AND FINANCIAL INSTRUMENTS
Derivative Nonmonetary Notional Amount Outstanding						195,000,000	10,000,000
Commodity contracts | Natural gas
RISK MANAGEMENT AND FINANCIAL INSTRUMENTS
2022 (bcf / mmbbls) | Bcf						120,000,000
2023 (bcf / mmbbls) | Bcf						47,000,000
2024 (bcf / mmbbls) | Bcf						17,000,000
2025 (bcf / mmbbls) | Bcf						11,000,000
2026 (bcf / mmbbls) | Bcf						0
Thereafter (bcf / mmbbls) | Bcf						0
Commodity contracts | Crude
RISK MANAGEMENT AND FINANCIAL INSTRUMENTS
2022 (bcf / mmbbls) | MMBbls							10,000,000
2023 (bcf / mmbbls) | MMBbls							0
2024 (bcf / mmbbls) | MMBbls							0
2025 (bcf / mmbbls) | MMBbls							0
2026 (bcf / mmbbls) | MMBbls							0
Thereafter (bcf / mmbbls) | MMBbls							0
Net sell | Commodity contracts | Power
RISK MANAGEMENT AND FINANCIAL INSTRUMENTS
2022 (MWH) | MWh								(24,000,000)
2023 (MWH) | MWh								(43,000,000)
2024 (MWH) | MWh								(43,000,000)
2025 (MWH) | MWh								(43,000,000)
2026 (MWH) | MWh								0
Thereafter (MWH) | MWh								0
Total (MWH) | MWh								(40)

RISK MANAGEMENT AND FINANCIAL_6

RISK MANAGEMENT AND FINANCIAL INSTRUMENTS - Fair Value Derivatives (Details) - CAD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Foreign Currency Fair Value Hedge Derivative [Line Items]
Realized loss on derivative	$ (198)	$ 131	$ (104)	$ 261
Fair value hedges | Interest rate contracts
Foreign Currency Fair Value Hedge Derivative [Line Items]
Unrealized gain/(loss) on derivative	23	(32)	99	(35)
Unrealized gain/(loss) on hedged item	(2)	32	(89)	28
Realized loss on derivative	(21)	0	(96)	(39)
Realized gain on hedged item	$ 0	$ 0	$ 85	$ 45

RISK MANAGEMENT AND FINANCIAL_7

RISK MANAGEMENT AND FINANCIAL INSTRUMENTS - Earnings and Comprehensive Income (Details) - CAD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
The Effect of Derivative Instruments on the Statements of Earnings and Comprehensive Income
Amount of unrealized gain/(loss) recognized in OCI	$ 458	$ (204)	$ 843	$ 267
Amount of (gain)/loss reclassified from AOCI to earnings	66	81	157	146
Estimated gain (loss) of AOCI related to cash flow hedges reclassified to earnings in the next 12 months			$ 68
Maximum term of hedging exposures to variability of cash flows			42 months
Unrealized gain (loss) on derivatives			$ (415)	448
Non-Qualifying Derivative Instruments
The Effect of Derivative Instruments on the Statements of Earnings and Comprehensive Income
Unrealized gain (loss) on derivatives	(784)	133	(415)	448
Foreign exchange contracts
The Effect of Derivative Instruments on the Statements of Earnings and Comprehensive Income
Amount of (gain)/loss reclassified from AOCI to earnings	0	2	13	3
Foreign exchange contracts | Non-Qualifying Derivative Instruments
The Effect of Derivative Instruments on the Statements of Earnings and Comprehensive Income
Unrealized gain (loss) on derivatives	(806)	218	(373)	454
Foreign exchange contracts | Non-Qualifying Derivative Instruments | Transportation and other services
The Effect of Derivative Instruments on the Statements of Earnings and Comprehensive Income
Unrealized gain (loss) on derivatives			65	292
Foreign exchange contracts | Non-Qualifying Derivative Instruments | Other income/(expense)
The Effect of Derivative Instruments on the Statements of Earnings and Comprehensive Income
Unrealized gain (loss) on derivatives			308	162
Interest rate contracts
The Effect of Derivative Instruments on the Statements of Earnings and Comprehensive Income
Amount of (gain)/loss reclassified from AOCI to earnings	66	79	142	142
Interest rate contracts | Non-Qualifying Derivative Instruments
The Effect of Derivative Instruments on the Statements of Earnings and Comprehensive Income
Unrealized gain (loss) on derivatives	(16)	0	(16)	2
Commodity contracts
The Effect of Derivative Instruments on the Statements of Earnings and Comprehensive Income
Amount of (gain)/loss reclassified from AOCI to earnings	0	(1)	0	0
Commodity contracts | Non-Qualifying Derivative Instruments
The Effect of Derivative Instruments on the Statements of Earnings and Comprehensive Income
Unrealized gain (loss) on derivatives	38	(90)	(30)	(18)
Commodity contracts | Non-Qualifying Derivative Instruments | Transportation and other services
The Effect of Derivative Instruments on the Statements of Earnings and Comprehensive Income
Unrealized gain (loss) on derivatives			25	(3)
Commodity contracts | Non-Qualifying Derivative Instruments | Commodity sales
The Effect of Derivative Instruments on the Statements of Earnings and Comprehensive Income
Unrealized gain (loss) on derivatives			(109)	144
Commodity contracts | Non-Qualifying Derivative Instruments | Commodity costs
The Effect of Derivative Instruments on the Statements of Earnings and Comprehensive Income
Unrealized gain (loss) on derivatives			(167)	(166)
Commodity contracts | Non-Qualifying Derivative Instruments | Operating and administrative expense
The Effect of Derivative Instruments on the Statements of Earnings and Comprehensive Income
Unrealized gain (loss) on derivatives			3	7
Other contracts
The Effect of Derivative Instruments on the Statements of Earnings and Comprehensive Income
Amount of (gain)/loss reclassified from AOCI to earnings	0	1	2	1
Other contracts | Non-Qualifying Derivative Instruments
The Effect of Derivative Instruments on the Statements of Earnings and Comprehensive Income
Unrealized gain (loss) on derivatives	0	5	4	10
Cash flow hedges | Foreign exchange contracts
The Effect of Derivative Instruments on the Statements of Earnings and Comprehensive Income
Amount of unrealized gain/(loss) recognized in OCI	0	(5)	2	(25)
Cash flow hedges | Interest rate contracts
The Effect of Derivative Instruments on the Statements of Earnings and Comprehensive Income
Amount of unrealized gain/(loss) recognized in OCI	480	(203)	857	294
Cash flow hedges | Commodity contracts
The Effect of Derivative Instruments on the Statements of Earnings and Comprehensive Income
Amount of unrealized gain/(loss) recognized in OCI	(15)	4	(11)	(4)
Cash flow hedges | Other contracts
The Effect of Derivative Instruments on the Statements of Earnings and Comprehensive Income
Amount of unrealized gain/(loss) recognized in OCI	(3)	1	0	4
Fair value hedges | Foreign exchange contracts
The Effect of Derivative Instruments on the Statements of Earnings and Comprehensive Income
Amount of unrealized gain/(loss) recognized in OCI	$ (4)	$ (1)	$ (5)	$ (2)

RISK MANAGEMENT AND FINANCIAL_8

RISK MANAGEMENT AND FINANCIAL INSTRUMENTS - Liquidity and Credit Risk (Details) - CAD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
LIQUIDITY RISK AND CREDIT RISK
Rolling time period over which the Company forecasts cash requirements	12 months
Period of anticipated requirements for which the Company maintains sufficient liquidity through committed credit facilities	1 year
Derivative instruments
LIQUIDITY RISK AND CREDIT RISK
Maximum credit exposure with respect to derivative instruments	$ 1,593,000,000	$ 887,000,000
Cash collateral on asset exposure		0
Derivative instruments | Canadian financial institutions
LIQUIDITY RISK AND CREDIT RISK
Maximum credit exposure with respect to derivative instruments	638,000,000	424,000,000
Derivative instruments | US financial institutions
LIQUIDITY RISK AND CREDIT RISK
Maximum credit exposure with respect to derivative instruments	254,000,000	130,000,000
Derivative instruments | European financial institutions
LIQUIDITY RISK AND CREDIT RISK
Maximum credit exposure with respect to derivative instruments	350,000,000	181,000,000
Derivative instruments | Asian financial institutions
LIQUIDITY RISK AND CREDIT RISK
Maximum credit exposure with respect to derivative instruments	118,000,000	30,000,000
Derivative instruments | Other
LIQUIDITY RISK AND CREDIT RISK
Maximum credit exposure with respect to derivative instruments	$ 233,000,000	$ 122,000,000

RISK MANAGEMENT AND FINANCIAL_9

RISK MANAGEMENT AND FINANCIAL INSTRUMENTS - Fair Value of Derivatives (Details) - CAD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Fair Value of Derivatives
Total net financial assets/(liabilities)	$ 217	$ (359)
Fair Value
Fair Value of Derivatives
Current derivative assets	848	529
Long-term derivative assets	833	360
Current derivative liabilities	(741)	(717)
Long-term derivative liabilities	(723)	(531)
Total net financial assets/(liabilities)	217	(359)
Foreign exchange contracts
Fair Value of Derivatives
Total net financial assets/(liabilities)	(491)	(227)
Foreign exchange contracts | Fair Value
Fair Value of Derivatives
Current derivative assets	140	259
Long-term derivative assets	203	240
Current derivative liabilities	(252)	(303)
Long-term derivative liabilities	(582)	(423)
Total net financial assets/(liabilities)	(491)	(227)
Interest rate contracts
Fair Value of Derivatives
Total net financial assets/(liabilities)	854	(22)
Interest rate contracts | Fair Value
Fair Value of Derivatives
Current derivative assets	342	64
Long-term derivative assets	566	88
Current derivative liabilities	(51)	(150)
Long-term derivative liabilities	(3)	(24)
Total net financial assets/(liabilities)	854	(22)
Commodity contracts
Fair Value of Derivatives
Total net financial assets/(liabilities)	(158)	(115)
Commodity contracts | Fair Value
Fair Value of Derivatives
Current derivative assets	358	204
Long-term derivative assets	60	29
Current derivative liabilities	(438)	(264)
Long-term derivative liabilities	(138)	(84)
Total net financial assets/(liabilities)	(158)	(115)
Other contracts
Fair Value of Derivatives
Total net financial assets/(liabilities)	12	5
Other contracts | Fair Value
Fair Value of Derivatives
Current derivative assets	8	2
Long-term derivative assets	4	3
Total net financial assets/(liabilities)	12	5
Level 1 | Fair Value
Fair Value of Derivatives
Current derivative assets	50	38
Long-term derivative assets	0	0
Current derivative liabilities	(9)	(52)
Long-term derivative liabilities	0	0
Total net financial assets/(liabilities)	41	(14)
Level 1 | Foreign exchange contracts | Fair Value
Fair Value of Derivatives
Current derivative assets	0	0
Long-term derivative assets	0	0
Current derivative liabilities	0	0
Long-term derivative liabilities	0	0
Total net financial assets/(liabilities)	0	0
Level 1 | Interest rate contracts | Fair Value
Fair Value of Derivatives
Current derivative assets	0	0
Long-term derivative assets	0	0
Current derivative liabilities	0	0
Long-term derivative liabilities	0	0
Total net financial assets/(liabilities)	0	0
Level 1 | Commodity contracts | Fair Value
Fair Value of Derivatives
Current derivative assets	50	38
Long-term derivative assets	0	0
Current derivative liabilities	(9)	(52)
Long-term derivative liabilities	0	0
Total net financial assets/(liabilities)	41	(14)
Level 1 | Other contracts | Fair Value
Fair Value of Derivatives
Current derivative assets	0	0
Long-term derivative assets	0	0
Total net financial assets/(liabilities)	0	0
Level 2 | Fair Value
Fair Value of Derivatives
Current derivative assets	670	396
Long-term derivative assets	796	352
Current derivative liabilities	(559)	(519)
Long-term derivative liabilities	(624)	(466)
Total net financial assets/(liabilities)	283	(237)
Level 2 | Foreign exchange contracts | Fair Value
Fair Value of Derivatives
Current derivative assets	140	259
Long-term derivative assets	203	240
Current derivative liabilities	(252)	(303)
Long-term derivative liabilities	(582)	(423)
Total net financial assets/(liabilities)	(491)	(227)
Level 2 | Interest rate contracts | Fair Value
Fair Value of Derivatives
Current derivative assets	342	64
Long-term derivative assets	566	88
Current derivative liabilities	(51)	(150)
Long-term derivative liabilities	(3)	(24)
Total net financial assets/(liabilities)	854	(22)
Level 2 | Commodity contracts | Fair Value
Fair Value of Derivatives
Current derivative assets	180	71
Long-term derivative assets	23	21
Current derivative liabilities	(256)	(66)
Long-term derivative liabilities	(39)	(19)
Total net financial assets/(liabilities)	(92)	7
Level 2 | Other contracts | Fair Value
Fair Value of Derivatives
Current derivative assets	8	2
Long-term derivative assets	4	3
Total net financial assets/(liabilities)	12	5
Level 3
Fair Value of Derivatives
Total net financial assets/(liabilities)	(107)
Level 3 | Fair Value
Fair Value of Derivatives
Current derivative assets	128	95
Long-term derivative assets	37	8
Current derivative liabilities	(173)	(146)
Long-term derivative liabilities	(99)	(65)
Total net financial assets/(liabilities)	(107)	(108)
Level 3 | Foreign exchange contracts | Fair Value
Fair Value of Derivatives
Current derivative assets	0	0
Long-term derivative assets	0	0
Current derivative liabilities	0	0
Long-term derivative liabilities	0	0
Total net financial assets/(liabilities)	0	0
Level 3 | Interest rate contracts | Fair Value
Fair Value of Derivatives
Current derivative assets	0	0
Long-term derivative assets	0	0
Current derivative liabilities	0	0
Long-term derivative liabilities	0	0
Total net financial assets/(liabilities)	0	0
Level 3 | Commodity contracts | Fair Value
Fair Value of Derivatives
Current derivative assets	128	95
Long-term derivative assets	37	8
Current derivative liabilities	(173)	(146)
Long-term derivative liabilities	(99)	(65)
Total net financial assets/(liabilities)	(107)	(108)
Level 3 | Other contracts | Fair Value
Fair Value of Derivatives
Current derivative assets	0	0
Long-term derivative assets	0	0
Total net financial assets/(liabilities)	$ 0	$ 0

RISK MANAGEMENT AND FINANCIA_10

RISK MANAGEMENT AND FINANCIAL INSTRUMENTS - Level 3 Inputs (Details) $ in Millions	Jun. 30, 2022 CAD ($) $ / bbl $ / MillionsofBTU-MMBTU $ / MWh	Dec. 31, 2021 CAD ($)
Significant unobservable inputs used in the fair value measurement of Level 3 derivative instruments
Fair Value	$ 217	$ (359)
Fair Value
Significant unobservable inputs used in the fair value measurement of Level 3 derivative instruments
Fair Value	217	(359)
Level 3
Significant unobservable inputs used in the fair value measurement of Level 3 derivative instruments
Fair Value	(107)
Level 3 | Fair Value
Significant unobservable inputs used in the fair value measurement of Level 3 derivative instruments
Fair Value	(107)	$ (108)
Market approach valuation technique | Level 3 | Commodity contracts - financial | Natural gas | Fair Value
Significant unobservable inputs used in the fair value measurement of Level 3 derivative instruments
Fair Value	$ (11)
Market approach valuation technique | Level 3 | Commodity contracts - financial | Natural gas | Minimum
Significant unobservable inputs used in the fair value measurement of Level 3 derivative instruments
Forward price ($ / mmbtu, barrel, gallon, MW/H) | $ / MillionsofBTU-MMBTU	5.10
Market approach valuation technique | Level 3 | Commodity contracts - financial | Natural gas | Maximum
Significant unobservable inputs used in the fair value measurement of Level 3 derivative instruments
Forward price ($ / mmbtu, barrel, gallon, MW/H) | $ / MillionsofBTU-MMBTU	8.55
Market approach valuation technique | Level 3 | Commodity contracts - financial | Natural gas | Weighted Average
Significant unobservable inputs used in the fair value measurement of Level 3 derivative instruments
Forward price ($ / mmbtu, barrel, gallon, MW/H) | $ / MillionsofBTU-MMBTU	6.65
Market approach valuation technique | Level 3 | Commodity contracts - financial | Crude | Fair Value
Significant unobservable inputs used in the fair value measurement of Level 3 derivative instruments
Fair Value	$ (8)
Market approach valuation technique | Level 3 | Commodity contracts - financial | Crude | Minimum
Significant unobservable inputs used in the fair value measurement of Level 3 derivative instruments
Forward price ($ / mmbtu, barrel, gallon, MW/H) | $ / bbl	84.71
Market approach valuation technique | Level 3 | Commodity contracts - financial | Crude | Maximum
Significant unobservable inputs used in the fair value measurement of Level 3 derivative instruments
Forward price ($ / mmbtu, barrel, gallon, MW/H) | $ / bbl	135.22
Market approach valuation technique | Level 3 | Commodity contracts - financial | Crude | Weighted Average
Significant unobservable inputs used in the fair value measurement of Level 3 derivative instruments
Forward price ($ / mmbtu, barrel, gallon, MW/H) | $ / bbl	105.63
Market approach valuation technique | Level 3 | Commodity contracts - financial | Power | Fair Value
Significant unobservable inputs used in the fair value measurement of Level 3 derivative instruments
Fair Value	$ (65)
Market approach valuation technique | Level 3 | Commodity contracts - financial | Power | Minimum
Significant unobservable inputs used in the fair value measurement of Level 3 derivative instruments
Forward price ($ / mmbtu, barrel, gallon, MW/H) | $ / MWh	41.77
Market approach valuation technique | Level 3 | Commodity contracts - financial | Power | Maximum
Significant unobservable inputs used in the fair value measurement of Level 3 derivative instruments
Forward price ($ / mmbtu, barrel, gallon, MW/H) | $ / MWh	244.81
Market approach valuation technique | Level 3 | Commodity contracts - financial | Power | Weighted Average
Significant unobservable inputs used in the fair value measurement of Level 3 derivative instruments
Forward price ($ / mmbtu, barrel, gallon, MW/H) | $ / MWh	91.29
Market approach valuation technique | Level 3 | Commodity contracts - physical | Natural gas | Fair Value
Significant unobservable inputs used in the fair value measurement of Level 3 derivative instruments
Fair Value	$ (39)
Market approach valuation technique | Level 3 | Commodity contracts - physical | Natural gas | Minimum
Significant unobservable inputs used in the fair value measurement of Level 3 derivative instruments
Forward price ($ / mmbtu, barrel, gallon, MW/H) | $ / MillionsofBTU-MMBTU	3.58
Market approach valuation technique | Level 3 | Commodity contracts - physical | Natural gas | Maximum
Significant unobservable inputs used in the fair value measurement of Level 3 derivative instruments
Forward price ($ / mmbtu, barrel, gallon, MW/H) | $ / MillionsofBTU-MMBTU	20.21
Market approach valuation technique | Level 3 | Commodity contracts - physical | Natural gas | Weighted Average
Significant unobservable inputs used in the fair value measurement of Level 3 derivative instruments
Forward price ($ / mmbtu, barrel, gallon, MW/H) | $ / MillionsofBTU-MMBTU	6.36
Market approach valuation technique | Level 3 | Commodity contracts - physical | Crude | Fair Value
Significant unobservable inputs used in the fair value measurement of Level 3 derivative instruments
Fair Value	$ 16
Market approach valuation technique | Level 3 | Commodity contracts - physical | Crude | Minimum
Significant unobservable inputs used in the fair value measurement of Level 3 derivative instruments
Forward price ($ / mmbtu, barrel, gallon, MW/H) | $ / bbl	100.75
Market approach valuation technique | Level 3 | Commodity contracts - physical | Crude | Maximum
Significant unobservable inputs used in the fair value measurement of Level 3 derivative instruments
Forward price ($ / mmbtu, barrel, gallon, MW/H) | $ / bbl	144.94
Market approach valuation technique | Level 3 | Commodity contracts - physical | Crude | Weighted Average
Significant unobservable inputs used in the fair value measurement of Level 3 derivative instruments
Forward price ($ / mmbtu, barrel, gallon, MW/H) | $ / bbl	122.72

RISK MANAGEMENT AND FINANCIA_11

RISK MANAGEMENT AND FINANCIAL INSTRUMENTS - Changes in Level 3 (Details) - CAD ($) $ in Millions	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Changes in net fair value of derivative assets and liabilities classified as Level 3
Level 3 net derivative liability at beginning of period	$ (108)	$ (191)
Total gain/(loss)
Included in earnings	14	(143)
Included in OCI	(11)	(12)
Settlements	(2)	168
Level 3 net derivative liability at end of period	$ (107)	$ (178)

RISK MANAGEMENT AND FINANCIA_12

RISK MANAGEMENT AND FINANCIAL INSTRUMENTS - Other Financial Instruments (Details) - CAD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Fair Value of Other Financial Instruments
FMVA investments	$ 52		$ 52		$ 52
Restricted long-term investments	543		543		630
Long-term debt, carrying value	77,500		77,500		74,400
Long-term debt	73,100		73,100		82,000
Net investment hedges
Fair Value of Other Financial Instruments
Unrealized foreign exchange gain (loss) on translation of United States dollar denominated debt			(257)	$ 251
Unrealized gain (loss) on change in fair value of outstanding forward exchange forward contracts			0	0
Unrealized gain (loss) associated with the settlement of outstanding forward exchange forward contracts			0	0
Level 1
Fair Value of Other Financial Instruments
Restricted long-term investments	194		194		217
Level 2
Fair Value of Other Financial Instruments
Restricted long-term investments	349		349		413
Fair value of investments	322		322		304
Unrealized gain (loss) on lnvestments	(19)	$ 4	(27)	3
Fair Value
Fair Value of Other Financial Instruments
Unrealized holding gains (losses)	(71)	$ 20	(131)	$ (25)
Fair value note receivable	840		840		954
Carrying value
Fair Value of Other Financial Instruments
Non-current notes receivable	$ 840		$ 840		$ 954

INCOME TAXES (Details)

INCOME TAXES (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Income Tax Disclosure [Abstract]
Effective income tax rate (as a percent)	18%	15.10%	21.40%	17.60%

PENSION AND OTHER POSTRETIREM_3

PENSION AND OTHER POSTRETIREMENT BENEFITS (Details) - CAD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) [Abstract]
Service cost	$ 45	$ 48	$ 90	$ 96
Interest cost	41	32	82	64
Expected return on plan assets	(98)	(84)	(196)	(168)
Amortization of actuarial (gain)/loss	(1)	14	(2)	28
Net periodic benefit (credit)/cost	$ (13)	$ 10	$ (26)	$ 20