Revenues

6 Months Ended

Jun. 30, 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 June 30				For the six months ended June 30
(in millions of Canadian dollars)	2022		2021		2022		2021
Freight
Grain	$	370	$	444	$	730	$	892
Coal	163		170		302		333
Potash	171		134		275		235
Fertilizers and sulphur	85		78		163		155
Forest products	104		90		190		170
Energy, chemicals and plastics	340		369		650		757
Metals, minerals and consumer products	228		180		409		339
Automotive	120		98		211		206
Intermodal	573		445		1,020		839
Total freight revenues	2,154		2,008		3,950		3,926
Non-freight excluding leasing revenues	27		26		49		50
Revenues from contracts with customers	2,181		2,034		3,999		3,976
Leasing revenues	21		20		41		37
Total revenues	$	2,202	$	2,054	$	4,040	$	4,013

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 June 30				For the six months ended June 30
(in millions of Canadian dollars)	2022		2021		2022		2021
Opening balance	$	67	$	114	$	67	$	61
Revenue recognized that was included in the contract liability balance at the beginning of the period	(7)		(19)		(11)		(23)
Increase due to consideration received, net of revenue recognized during the period	9		150		13		207
Closing balance	$	69	$	245	$	69	$	245