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INTERIM CONSOLIDATED STATEMENTS OF INCOME - CAD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues (Note 3)    
Total revenues $ 3,520 $ 2,266
Operating expenses    
Compensation and benefits (Note 8) 690 438
Fuel 458 326
Materials (Note 8) 94 72
Equipment rents 82 30
Depreciation and amortization (Note 8) 467 225
Purchased services and other (Note 8) 580 346
Total operating expenses 2,371 1,437
Operating income 1,149 829
Less:    
Equity earnings of Kansas City Southern (Note 8, 9) 0 (204)
Other (income) expense (Note 8) (2) 2
Other components of net periodic benefit recovery (Note 12) (88) (86)
Net interest expense (Note 8) 206 154
Income before income taxes 1,033 963
Income before income tax expense    
Current income tax expense (Note 4) 242 139
Deferred income tax expense (Note 4) 17 24
Income tax expense (Note 4) 259 163
Net income 774 800
Less: Net loss attributable to non-controlling interest (Note 8) (1) 0
Net income attributable to controlling shareholders $ 775 $ 800
Earnings per share (Note 5)    
Basic earnings per share (in dollars per share) $ 0.83 $ 0.86
Diluted earnings per share (in dollars per share) $ 0.83 $ 0.86
Weighted-average number of shares (millions) (Note 5)    
Basic (in shares) 932.4 930.7
Diluted (in shares) 934.4 933.5
Dividends declared per share (in dollars per share) $ 0.19 $ 0.19
Freight    
Revenues (Note 3)    
Total revenues $ 3,427 $ 2,217
Non-freight    
Revenues (Note 3)    
Total revenues $ 93 $ 49