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Business acquisition (Tables)
 6 Months Ended
Jun. 30, 2023
Business Combination and Asset Acquisition [Abstract]  
Schedule of Allocation of Net Assets and Consideration Paid
The following table summarizes the preliminary purchase price allocation with the amounts recognized in respect of the identifiable assets acquired and liabilities and non-controlling interest assumed on the Control Date, as well as the fair value at the Control Date of the previously held equity interest in KCS:

(in millions of Canadian dollars)
Net assets acquired:
Cash and cash equivalents$298 
Net working capital51 
Properties28,748 
Intangible assets3,022 
Other long-term assets496 
Long-term debt(4,545)
Deferred income taxes(6,984)
Other long-term liabilities(406)
Total identifiable net assets$20,680 
Goodwill17,491 
$38,171 
Consideration:
Fair value of previously held equity method investment$37,227 
Intercompany net balances acquired12 
Fair value of non-controlling interest932 
Total$38,171 
Schedule of Pro Forma Information On a pro forma basis, if the Company had consolidated KCS starting January 1, 2022, the revenue and earnings of the combined entity would be as follows for the three and six months ended June 30, 2023 and June 30, 2022:
Three Months Ended June 30, 2023Three Months Ended June 30, 2022
(in millions of Canadian dollars)
KCS Historical(1)
Pro Forma CPKC
KCS Historical(1)
Pro Forma CPKC
Revenue$164 $3,338 $1,079 $3,285 
Net income attributable to controlling shareholders34 615 248 794 
(1) KCS's results were translated into Canadian dollars at the Bank of Canada daily exchange rate for the period from April 1 to April 13, 2023 and three months ended June 30, 2022 with effective exchange rates of $1.35 and $1.28, respectively.
Six Months Ended June 30, 2023Six Months Ended June 30, 2022
(in millions of Canadian dollars)
KCS Historical(1)
Pro Forma CPKC
KCS Historical(1)
Pro Forma CPKC
Revenue$1,351 $6,794 $2,065 $6,112 
Net income attributable to controlling shareholders280 1,371 485 2,018 
(1) KCS's results were translated into Canadian dollars at the Bank of Canada daily exchange rate for the period from January 1 to April 13, 2023 and six months ended June 30, 2022 with effective exchange rates of $1.35 and $1.27, respectively.