Investment in KCS (Tables)

3 Months Ended

Mar. 31, 2024

Equity Method Investments and Joint Ventures [Abstract]

Summarized Financial Information

The following table presents summarized financial information for KCS, on its historical cost basis, for the period ended March 31, 2023:

Statement of Income

(in millions of Canadian dollars)(1)	For the three months ended March 31, 2023
Total revenues	$	1,187
Total operating expenses	779
Operating income	408
Less: Other(2)	74
Income before income taxes	334
Net income	$	246

(1) Amounts translated at the average foreign exchange ("FX") rate $1.00 USD = $1.35 CAD for the three months ended March 31, 2023.

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