INTERIM CONSOLIDATED BALANCE SHEETS AS AT - CAD ($) $ in Millions	Mar. 31, 2025	Dec. 31, 2024
Current assets
Cash and cash equivalents	$ 695	$ 739
Accounts receivable, net (Note 7)	2,044	1,968
Materials and supplies	466	457
Other current assets	255	220
Total current assets	3,460	3,384
Investments	588	586
Properties	56,165	56,024
Goodwill	19,333	19,350
Intangible assets	3,120	3,146
Pension asset	4,684	4,586
Other assets	690	668
Total assets	88,040	87,744
Current liabilities
Accounts payable and accrued liabilities	2,735	2,842
Long-term debt maturing within one year (Note 8, 9)	1,512	2,819
Total current liabilities	4,247	5,661
Pension and other benefit liabilities	547	548
Other long-term liabilities	866	867
Long-term debt (Note 8, 9)	21,140	19,804
Deferred income taxes	11,997	11,974
Total liabilities	38,797	38,854
Shareholders’ equity
Share capital	25,603	25,689
Additional paid-in capital	107	94
Accumulated other comprehensive income (Note 6)	2,653	2,680
Retained earnings	19,883	19,429
Total shareholders' equity	48,246	47,892
Non-controlling interest	997	998
Total equity	49,243	48,890
Total liabilities and equity	$ 88,040	$ 87,744