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Business acquisition (Tables)
 12 Months Ended
Dec. 31, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]  
Business Combination, Separately Recognized Transactions
The following table summarizes the final purchase price allocation with the amounts recognized in respect of the identifiable assets acquired and liabilities and non-controlling interest assumed on the Control Date, as well as the fair value of the previously held equity interest in KCS and the measurement period adjustments recorded:

(in millions of Canadian dollars)Preliminary allocation - April 14, 2023Measurement period adjustmentsFinal allocation
Net assets acquired:
Cash and cash equivalents$298 $— $298 
Net working capital51 (161)(110)
Properties28,748 1 28,749 
Intangible assets3,022 — 3,022 
Other long-term assets496 (6)490 
Debt including debt maturing within one year(4,545)— (4,545)
Deferred income taxes(6,984)62 (6,922)
Other long-term liabilities(406)(37)(443)
Total identifiable net assets$20,680 $(141)$20,539 
Goodwill17,491 141 17,632 
$38,171 $— $38,171 
Consideration:
Fair value of previously held equity method investment$37,227 $— $37,227 
Intercompany payable balance, net acquired12 — 12 
Fair value of non-controlling interest932 — 932 
Total$38,171 $— $38,171 
Business Acquisition, Pro Forma Information
On a pro forma basis, if the Company had consolidated KCS beginning on January 1, 2022, the revenue and net income attributable to controlling shareholders of the combined entity would be as follows for the years ended December 31, 2023 and December 31, 2022:

For the year ended December 31, 2023For the year ended December 31, 2022
(in millions of Canadian dollars)
KCS Historical(1)
Pro Forma CPKC
KCS Historical(1)
Pro Forma CPKC
Revenue$1,351 $13,909 $4,390 $13,217 
Net income attributable to controlling shareholders280 3,174 1,287 4,153 
(1) KCS's historical amounts in U.S. dollars were translated into Canadian dollars at the Bank of Canada average exchange rate for the period from January 1 to April 13, 2023 and year ended December 31, 2022 with effective exchange rates of $1.35 and $1.30, respectively.