XML 68 R50.htm IDEA: XBRL DOCUMENT v3.23.2
Debt - Narrative (Details)
$ in Millions
3 Months Ended 6 Months Ended
May 15, 2023
USD ($)
May 11, 2023
CAD ($)
Apr. 19, 2023
USD ($)
series
Jun. 30, 2023
CAD ($)
Jun. 30, 2022
CAD ($)
Jun. 30, 2023
CAD ($)
Jun. 30, 2023
USD ($)
Jun. 30, 2022
CAD ($)
Jul. 12, 2023
USD ($)
Jun. 30, 2023
USD ($)
May 10, 2023
CAD ($)
Apr. 24, 2023
USD ($)
series
Dec. 31, 2022
USD ($)
Debt Instrument [Line Items]                          
Commercial paper borrowings                         $ 0
Number of series of notes included in debt exchange | series     7                    
Acquisition-related costs       $ 9   $ 12              
Series of notes maturing in 2023 | series                       2  
Repayments of long-term debt           600 $ 447,000,000            
Investment in government securities       267 $ 0 267 198,000,000 $ 0          
US Government Debt Securities                          
Debt Instrument [Line Items]                          
Non-callable government securities                       $ 647,000,000  
KCS                          
Debt Instrument [Line Items]                          
Acquisition-related costs       $ 119 $ 19 134   $ 39          
Revolving Credit Facility                          
Debt Instrument [Line Items]                          
Maximum borrowing capacity (up to)                     $ 1,300    
Revolving Credit Facility | Second Amended And Restated Credit Agreement                          
Debt Instrument [Line Items]                          
Maximum borrowing capacity (up to)   $ 2,200               $ 2,200,000,000      
Revolving Credit Facility | Notes Due In September 2026                          
Debt Instrument [Line Items]                          
Note term   5 years                      
Revolving Credit Facility | Notes Due In September 2023                          
Debt Instrument [Line Items]                          
Note term   2 years                      
Senior Notes                          
Debt Instrument [Line Items]                          
Cash consideration paid for debt exchange     $ 1.00                    
Premium on debt exchange     30                    
Principal and interest outstanding     3,014,000,000                    
Senior Notes | Early participation date                          
Debt Instrument [Line Items]                          
Principal amount exchanged     1,000                    
Senior Notes | After the early participation date, before the expiration date                          
Debt Instrument [Line Items]                          
Principal amount exchanged     $ 970                    
Senior Notes | 4.500% 12.5-year Notes                          
Debt Instrument [Line Items]                          
Repayment of note           $ 479 $ 350,000,000            
Interest rate       4.45%   4.45%       4.45%      
Note term           12 years 6 months 12 years 6 months            
Senior Notes | KCS Notes Due In November 2023                          
Debt Instrument [Line Items]                          
Interest rate       3.85%   3.85%       3.85%      
Principal and interest outstanding                   $ 200,000,000      
Senior Notes | 3.00% Senior Notes                          
Debt Instrument [Line Items]                          
Repayment of note $ 439,000,000                        
Interest rate 3.00%                        
Senior Notes | 3.00% 10-Year Senior Notes                          
Debt Instrument [Line Items]                          
Repayment of note           $ 592 $ 439,000,000            
Interest rate       3.00%   3.00%       3.00%      
Note term           10 years 10 years            
Unsecured Debt | Commercial Paper                          
Debt Instrument [Line Items]                          
Maximum borrowing capacity (up to)                   $ 1,000,000,000      
Commercial paper borrowings       $ 536   $ 536       $ 405,000,000      
Weighted average interest rate       5.41%   5.41%       5.41%      
Unsecured Debt | Commercial Paper | Subsequent Event                          
Debt Instrument [Line Items]                          
Maximum borrowing capacity (up to)                 $ 1,500,000,000