INTERIM CONSOLIDATED BALANCE SHEETS AS AT - CAD ($) $ in Millions	Jun. 30, 2025	Dec. 31, 2024
Current assets
Cash and cash equivalents	$ 799	$ 739
Accounts receivable, net (Note 8)	2,005	1,968
Materials and supplies	455	457
Other current assets	266	220
Total current assets	3,525	3,384
Investments (Note 4)	454	586
Properties	54,458	56,024
Goodwill	18,352	19,350
Intangible assets	2,940	3,146
Pension asset	4,782	4,586
Other assets	669	668
Total assets	85,180	87,744
Current liabilities
Accounts payable and accrued liabilities	2,736	2,842
Long-term debt maturing within one year (Note 9, 10)	1,042	2,819
Total current liabilities	3,778	5,661
Pension and other benefit liabilities	545	548
Other long-term liabilities	875	867
Long-term debt (Note 9, 10)	21,227	19,804
Deferred income taxes	11,608	11,974
Total liabilities	38,033	38,854
Shareholders’ equity
Share capital	25,285	25,689
Additional paid-in capital	105	94
Accumulated other comprehensive income (Note 7)	951	2,680
Retained earnings	19,863	19,429
Total shareholders' equity	46,204	47,892
Non-controlling interest	943	998
Total equity	47,147	48,890
Total liabilities and equity	$ 85,180	$ 87,744