Properties

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]


	As at	December 31, 2023								December 31, 2022
In millions		Depreciation rate		Cost		Accumulated Depreciation		Net		Cost		Accumulated Depreciation		Net
Properties including finance leases
Track and roadway (1)		2	%	$	45,370	$	10,506	$	34,864	$	44,037	$	9,977	$	34,060
Rolling stock		4	%	8,544		3,401		5,143		8,233		3,295		4,938
Buildings		3	%	2,254		782		1,472		2,202		750		1,452
Information technology (2)		10	%	2,879		1,331		1,548		2,670		1,156		1,514
Other		5	%	2,964		1,374		1,590		2,921		1,348		1,573
Total properties including finance leases (3)				$	62,011	$	17,394	$	44,617	$	60,063	$	16,526	$	43,537


Finance leases included in properties
Track and roadway (4)	$	406	$	105	$	301	$	405	$	100	$	305
Rolling stock	28		1		27		12		1		11
Buildings	27		12		15		27		11		16
Other	107		34		73		101		31		70
Total finance leases included in properties	$	568	$	152	$	416	$	545	$	143	$	402

(1) As at December 31, 2023, includes land of $2,497 million (2022 - $2,483 million).

(2) In 2023, the Company capitalized costs for internally developed software and related licenses of $203 million (2022 - $213 million).

(3) In 2023, property additions, net of finance leases, were $3,187 million (2022 - $2,750 million), of which $1,529 million (2022 - $1,490 million) related to track and railway infrastructure maintenance, including the replacement of rail, ties, bridge improvements, and other general track maintenance.

(4) As at December 31, 2023, includes right-of-way access of $106 million (2022 - $106 million).

Government assistance

For the year ended December 31, 2023 and 2022, the Company received $90 million and $70 million, respectively, of government assistance towards the purchase and self-construction of properties.

As at December 31, 2023 and 2022, the total Properties balance of $44,617 million and $43,537 million, respectively, is net of $1,736 million and $1,721 million of unamortized government assistance, respectively, primarily related to the enhancement of CN's track and roadway infrastructure. For the year ended December 31, 2023 and 2022, Depreciation and amortization expense on the Consolidated Statements of Income is presented net of amortization of government assistance of $66 million and $63 million, respectively.