Investment in KCS (Tables)

12 Months Ended

Dec. 31, 2022

Equity Method Investments and Joint Ventures [Abstract]

Summarized Financial Information

The following tables present summarized financial information for KCS, on its historical cost basis:

Statement of Income

(in millions of Canadian dollars)(1)	For the year ended December 31, 2022		For the period December 14 to December 31, 2021
Total revenues	$	4,387	$	178
Total operating expenses	2,790		287
Operating income (loss)	1,597		(109)
Less: Other(2)	(108)		12
Income (loss) before income taxes	1,705		(121)
Net income (loss)	$	1,278	$	(106)

(1) Amounts translated at the average FX rate for the year ended December 31, 2022 of $1.00 USD = $1.30 CAD and for the period from December 14 to 31, 2021 of $1.00 USD = $1.28 CAD.

(2) Includes Equity in net earnings of KCS's affiliates, Interest expense, FX loss, Gain on settlement of treasury lock agreements, and Other income, net.

Balance Sheet

(in millions of Canadian dollars)(1)	As at December 31, 2022		As at December 31, 2021
Assets
Current assets	$	1,441	$	1,120
Properties	12,680		11,676
Other non-current assets	340		425
Liabilities
Current liabilities	$	1,748	$	619
Long-term debt	4,232		4,778
Other non-current liabilities	1,987		1,823
Non-controlling interest	448		416

(1) Amounts translated at the December 31, 2022 and 2021 year-end at FX rate of $1.00 USD = $1.35 CAD and $1.27, respectively.