Revenues

3 Months Ended

Mar. 31, 2022

Revenue from Contract with Customer [Abstract]

Revenues

Revenues

The following table disaggregates the Company’s revenues from contracts with customers by major source:

	For the three months ended March 31
(in millions of Canadian dollars)	2022		2021
Freight
Grain	$	360	$	448
Coal	139		163
Potash	104		101
Fertilizers and sulphur	78		77
Forest products	86		80
Energy, chemicals and plastics	310		388
Metals, minerals and consumer products	181		159
Automotive	91		108
Intermodal	447		394
Total freight revenues	1,796		1,918
Non-freight excluding leasing revenues	22		24
Revenues from contracts with customers	1,818		1,942
Leasing revenues	20		17
Total revenues	$	1,838	$	1,959

Contract liabilities       

Contract liabilities represent payments received for performance obligations not yet satisfied and relate to deferred revenue and are presented as components of "Accounts payable and accrued liabilities" and "Other long-term liabilities" on the Company's Interim Consolidated Balance Sheets.

The following table summarizes the changes in contract liabilities:

	For the three months ended March 31
(in millions of Canadian dollars)	2022		2021
Opening balance	$	67	$	61
Revenue recognized that was included in the contract liability balance at the beginning of the period	(7)		(11)
Increase due to consideration received, net of revenue recognized during the period	7		64
Closing balance	$	67	$	114