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Long-term debt (Tables)
 12 Months Ended
Dec. 31, 2016
Long-term debt  
Schedule Of Long-term Debt
US dollar-denominated amount
In millionsMaturityDecember 31,20162015
Notes and debentures (1)
Canadian National series:
5.80%10-year notes (2)June 1, 2016US$250$-$346
1.45%5-year notes (2)Dec. 15, 2016US$300-415
-3-year floating rate notes (3)Nov. 14, 2017US$250336346
5.85%10-year notes (2)Nov. 15, 2017US$250336346
5.55%10-year notes (2)May 15, 2018US$325436450
6.80%20-year notes (2)July 15, 2018US$200269277
5.55%10-year notes (2)Mar. 1, 2019US$550738761
2.75%7-year notes (2)Feb. 18, 2021250250
2.85%10-year notes (2)Dec. 15, 2021US$400537554
2.25%10-year notes (2)Nov. 15, 2022US$250336346
7.63%30-year debentures May 15, 2023US$150201208
2.95%10-year notes (2)Nov. 21, 2024US$350470484
2.80%10-year notes (2)Sep. 22, 2025350350
2.75%10-year notes (2)Mar. 1, 2026US$500671-
6.90%30-year notes (2)July 15, 2028US$475638657
7.38%30-year debentures (2)Oct. 15, 2031US$200269277
6.25%30-year notes (2)Aug. 1, 2034US$500671692
6.20%30-year notes (2)June 1, 2036US$450604623
6.71%Puttable Reset Securities PURSSM (2)July 15, 2036US$250336346
6.38%30-year debentures (2)Nov. 15, 2037US$300403415
3.50%30-year notes (2)Nov. 15, 2042US$250336346
4.50%30-year notes (2)Nov. 7, 2043US$250336346
3.95%30-year notes (2)Sep. 22, 2045400400
3.20%30-year notes (2)Aug. 2, 2046US$650872-
4.00%50-year notes (2)Sep. 22, 2065100100
Illinois Central series:
7.70%100-year debentures Sep. 15, 2096US$125168173
BC Rail series:
Non-interest bearing 90-year subordinated notes (4) July 14, 2094842842
Total notes and debentures$10,905$10,350
Other
Commercial paper 605458
Capital lease obligations 344522
Total debt, gross11,85411,330
Net unamortized discount and debt issuance costs (4) (917)(903)
Total debt (5)10,93710,427
Less: Current portion of long-term debt 1,4891,442
Total long-term debt$9,448$8,985
(1)The Company’s notes and debentures are unsecured.
(2)The fixed rate debt securities are redeemable, in whole or in part, at the option of the Company, at any time, at the greater of par and a formula price based on interest rates prevailing at the time of redemption.
(3)This floating rate note bears interest at the three-month London Interbank Offered Rate (LIBOR) plus 0.17%. The interest rate as at December 31, 2016 was 1.07% (2015 - 0.53%).
(4)As at December 31, 2016, these notes were recorded as a discounted debt of $10 million (2015 - $10 million) using an imputed interest rate of 5.75% (2015 - 5.75%). The discount of $832 million (2015 - $832 million) is included in Net unamortized discount and debt issuance costs.
(5)See Note 17 - Financial instruments for the fair value of debt.
Schedule of Gross Issuance Repayments Commercial Paper

The following table presents the issuances and repayments of commercial paper:

In millionsYear ended December 31,201620152014
Issuances of commercial paper$3,656$2,624$2,443
Repayments of commercial paper(3,519)(2,173)(2,720)
Net issuance (repayment) of commercial paper$137$451$(277)
Schedule of Long term debt maturities, including capital lease repayments on debt outstanding for the next five years and thereafter

The following table provides the long-term debt maturities, including capital lease repayments on debt outstanding as at December 31, 2016, for the next five years and thereafter

In millions Capital leases Debt Total
2017 (1)$212$1,277$1,489
201817697714
201910730740
202016-16
20216781787
2022 and thereafter837,1087,191
Total$344$10,593$10,937
(1)Current portion of long-term debt.
Schedule Of US Dollar Denominated Debt
In millionsDecember 31,20162015
Notes and debenturesUS$ 6,675US$ 6,075
Commercial paper451331
Capital lease obligations158274
Total amount of US dollar-denominated debt in US$US$ 7,284US$ 6,680
Total amount of US dollar-denominated debt in C$$9,780$9,245