Revenues

12 Months Ended

Dec. 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:

(in millions of Canadian dollars)	2022		2021		2020
Freight
Grain	$	1,776	$	1,684	$	1,829
Coal	577		625		566
Potash	581		463		493
Fertilizers and sulphur	332		305		290
Forest products	403		348		328
Energy, chemicals and plastics	1,394		1,563		1,519
Metals, minerals and consumer products	884		728		629
Automotive	438		376		324
Intermodal	2,242		1,724		1,563
Total freight revenues	8,627		7,816		7,541
Non-freight excluding leasing revenues	103		100		107
Revenues from contracts with customers	8,730		7,916		7,648
Leasing revenues	84		79		62
Total revenues	$	8,814	$	7,995	$	7,710

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 Consolidated Balance Sheets.

The following table summarizes the changes in contract liabilities for the years ended December 31, 2022 and 2021:

(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	(21)		(48)
Increase due to consideration received, net of revenue recognized during the period	18		54
Closing balance	$	64	$	67