FINANCIAL CHARGES AND OTHER (Tables)

3 Months Ended

Mar. 31, 2016

FINANCIAL CHARGES AND OTHER

Schedule of components of financial charges and other

	Three months ended
(unaudited)	March 31,
(millions of dollars)	2016	2015
Interest Expense (a)	17	13
Net realized loss related to the interest rate swaps	-	1
Other Income	-	(1)
	17	13

(a) Effective January 1, 2016, interest expense includes debt issuance costs and amortization of discount costs. Refer to Note 3.