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Investment in KCS (Tables)

9 Months Ended

Sep. 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 January 1 to April 13, 2023		For the three months ended September 30, 2022		For the nine months ended September 30, 2022
Total revenues	$	1,351	$	1,152	$	3,216
Total operating expenses	888		728		2,024
Operating income	463		424		1,192
Less: Other(2)	83		67		164
Income before income taxes	380		357		1,028
Net income	$	280	$	263	$	748

(1) Amounts translated at the average FX rate for the three months ended September 30, 2022 of $1.00 USD = $1.30 CAD. Also, for the period January 1 to April 13, 2023 and nine months ended September 30, 2022 of $1.00 USD= $1.35 CAD and $1.00 USD = $1.28 CAD, respectively.

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