Properties

12 Months Ended

Dec. 31, 2024

Property, Plant and Equipment [Abstract]


	2024		2024						2023
As at December 31 (in millions of Canadian dollars except percentages)	Weighted-average annual depreciation rate		Cost		Accumulated depreciation		Net book value		Cost		Accumulated depreciation		Net book value
Track and roadway	2.8	%	$	46,646	$	7,741	$	38,905	$	42,597	$	6,811	$	35,786
Rolling stock	3.7	%	8,723		1,880		6,843		8,125		1,629		6,496
Land	N/A		3,765		—		3,765		3,487		—		3,487
Concession land rights	1.4	%	1,935		45		1,890		1,779		17		1,762
Buildings	2.9	%	1,927		319		1,608		1,732		281		1,451
Other	6.2	%	4,493		1,480		3,013		4,065		1,303		2,762
Total			$	67,489	$	11,465	$	56,024	$	61,785	$	10,041	$	51,744

Concession assets included within each asset group of Properties shown above are as follows:


	2024						2023
As at December 31, 2024 (in millions of Canadian dollars)	Cost		Accumulated depreciation		Net book value		Cost		Accumulated depreciation		Net book value

Track and roadway	$	7,871	$	302	$	7,569	$	7,056	$	99	$	6,957
Concession land rights	1,935		45		1,890		1,779		17		1,762
Buildings	249		20		229		230		7		223
Other	157		9		148		141		4		137
Total	$	10,212	$	376	$	9,836	$	9,206	$	127	$	9,079

Finance lease ROU assets


	2024						2023
As at December 31 (in millions of Canadian dollars)	Cost		Accumulated depreciation		Net book value		Cost		Accumulated depreciation		Net book value

Rolling stock	$	186	$	90	$	96	$	182	$	79	$	103
Other	8		2		6		14		6		8
Total ROU assets held under finance lease	$	194	$	92	$	102	$	196	$	85	$	111

Government assistance

During the year ended December 31, 2024, the Company received $26 million (2023 - $25 million) of government assistance towards the purchase and construction of properties.

As of December 31, 2024, the total Properties balance of $56,024 million includes $272 million (2023 - $272 million) of unamortized government assistance, primarily related to the enhancement of the Company's track and roadway infrastructure. Amortization expense related to government assistance for the year ended December 31, 2024, was $10 million (2023 - $11 million).