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Investment in KCS (Tables)

6 Months Ended

Jun. 30, 2023

Equity Method Investments and Joint Ventures [Abstract]

The following table presents summarized financial information for KCS, on its historical cost basis:

Statement of Income


(in millions of Canadian dollars)(1)	For the period April 1 to April 13, 2023		For the three months ended June 30, 2022		For the period January 1 to April 13, 2023		For the six months ended June 30, 2022
Total revenues	$	164	$	1,079	$	1,351	$	2,065
Total operating expenses	109		680		888		1,297
Operating income	55		399		463		768
Less: Other(2)	9		59		83		98
Income before income taxes	46		340		380		670
Net income	$	34	$	248	$	280	$	485

(1) Amounts translated at the average FX rate for the period April 1 to April 13, 2023 and three months ended June 30, 2022 of $1.00 USD = $1.35 CAD and $1.00 USD = $1.28 CAD respectively. Also, for the period January 1 to April 13, 2023 and six months ended June 30, 2022 of $1.00 USD= $1.35 CAD and $1.00 USD = $1.27 CAD respectively.

(2) Includes Equity in net earnings of KCS's affiliates, Interest expense, FX loss, and Other income, net.