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Investment in KCS (Tables)
3 Months Ended
Jun. 30, 2022
Equity Method Investments and Joint Ventures [Abstract]  
Summarized Financial Information
The following table presents summarized financial information for KCS, on its historical cost basis:

Statement of Income

(in millions of Canadian dollars)(1)
For the three months ended June 30, 2022For the six months ended June 30, 2022
Total revenues$1,079 $2,065 
Total operating expenses680 1,297 
Operating income399 768 
Less: Other(2)
59 98 
Income before income taxes340 670 
Net income$248 $485 
(1) Amounts translated at the average FX rate for the three and six months ended June 30, 2022 of $1.00 USD = $1.28 CAD and $1.00 USD = $1.27 CAD, respectively.
(2) Includes Equity in net earnings of KCS's affiliates, Interest expense, FX loss, and Other income, net.