Properties

12 Months Ended

Dec. 31, 2024

Property, Plant and Equipment [Abstract]


	As at	December 31, 2024								December 31, 2023
In millions		Depreciation rate		Cost		Accumulated Depreciation		Net		Cost		Accumulated Depreciation		Net
Properties including finance leases
Track and roadway (1)		3	%	$	48,744	$	11,557	$	37,187	$	45,370	$	10,506	$	34,864
Rolling stock		4	%	9,482		3,642		5,840		8,544		3,401		5,143
Buildings		3	%	2,452		848		1,604		2,254		782		1,472
Information technology (2)		9	%	3,128		1,460		1,668		2,879		1,331		1,548
Other		5	%	3,116		1,455		1,661		2,964		1,374		1,590
Total properties including finance leases (3)				$	66,922	$	18,962	$	47,960	$	62,011	$	17,394	$	44,617


Finance leases included in properties
Track and roadway (4)	$	405	$	110	$	295	$	406	$	105	$	301
Rolling stock	12		2		10		28		1		27
Buildings	27		12		15		27		12		15
Other	102		41		61		107		34		73
Total finance leases included in properties	$	546	$	165	$	381	$	568	$	152	$	416

(1) As at December 31, 2024, includes land of $2,682 million (2023 - $2,497 million).

(2) In 2024, the Company capitalized costs for internally developed software and related licenses of $235 million (2023 - $203 million).

(3) In 2024, property additions, net of finance leases, were $3,549 million (2023 - $3,187 million), of which $1,564 million (2023 - $1,529 million) related to track and railway infrastructure maintenance, including the replacement of rail, ties, bridge improvements, and other general track maintenance.

(4) As at December 31, 2024, includes right-of-way access of $106 million (2023 - $106 million).

Government assistance

For the year ended December 31, 2024 and 2023, the Company received $78 million and $90 million, respectively, of government assistance towards the purchase and self-construction of properties.

As at December 31, 2024 and 2023, the total Properties balance of $47,960 million and $44,617 million, respectively, is net of $1,721 million and $1,736 million of unamortized government assistance, respectively, primarily related to the enhancement of CN's track and roadway infrastructure. For the year ended December 31, 2024 and 2023, Depreciation and amortization expense on the Consolidated Statements of Income is presented net of amortization of government assistance of $68 million and $66 million, respectively.