Properties (Tables)

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


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).