Goodwill

6 Months Ended

Jun. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

Goodwill

(in millions of Canadian dollars)	Net carrying amount
Balance as at December 31, 2022	$	344
Additions (Note 8)	17,491
Foreign exchange impact	(161)
Balance as at June 30, 2023	$	17,674

Goodwill acquired in the period is the excess of the purchase price over the estimated fair value of net assets acquired in the business acquisition of KCS. The goodwill represents future growth opportunities, synergies and an assembled workforce.