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Debt (Tables)
12 Months Ended
Dec. 31, 2022
Debt Disclosure [Abstract]  
Long-term Debt
The following table outlines the Company's outstanding long-term debt as at December 31, 2022:

(in millions of Canadian dollars except percentages)MaturityCurrency
in which
payable
20222021
5.100%
10-year Medium Term Notes
(A)Jan 2022CDN$ 125 
4.500%
10-year Notes
(A)Jan 2022U.S.$ 317 
4.450%
12.5-year Notes
(A)Mar 2023U.S.$474 444 
1.589%
2-year Notes
(A)Nov 2023CDN$1,000 1,000 
1.350%
3-year Notes
(A)Dec 2024U.S.$2,030 1,899 
2.900%
10-year Notes
(A)Feb 2025U.S.$948 887 
3.700%
10.5-year Notes
(A)Feb 2026U.S.$338 317 
1.750%
5-year Notes
(A)Dec 2026U.S.$1,353 1,266 
2.540%
6.3-year Notes
(A)Feb 2028CDN$1,200 1,200 
4.000%
10-year Notes
(A)Jun 2028U.S.$677 634 
3.150%
10-year Notes
(A)Mar 2029CDN$399 399 
2.050%
10-year Notes
(A)Mar 2030U.S.$676 633 
7.125%
30-year Debentures
(A)Oct 2031U.S.$474 444 
2.450%
10-year Notes
(A)Dec 2031U.S.$1,896 1,774 
5.750%
30-year Debentures
(A)Mar 2033U.S.$333 311 
4.800%
20-year Notes
(A)Sep 2035U.S.$405 379 
5.950%
30-year Notes
(A)May 2037U.S.$603 564 
6.450%
30-year Notes
(A)Nov 2039CDN$400 400 
3.000%
20-year Notes
(A)Dec 2041U.S.$1,348 1,261 
5.750%
30-year Notes
(A)Jan 2042U.S.$334 312 
4.800%
30-year Notes
(A)Aug 2045U.S.$743 695 
3.050%
30-year Notes
(A)Mar 2050CDN$298 298 
3.100%
30-year Notes
(A)Dec 2051U.S.$2,422 2,266 
6.125%
100-year Notes
(A)Sep 2115U.S.$1,219 1,141 
5.41%Senior Secured Notes (B)Mar 2024U.S.$76 80 
6.91%Secured Equipment Notes (C)Oct 2024CDN$40 58 
Obligations under finance leases
Various(D)VariousCDN$/U.S.$2 
6.99%(D)Mar 2022U.S.$ 97 
6.57%(D)Dec 2026U.S.$29 33 
12.77%(D)Jan 2031CDN$3 
1.93%(D)Feb 2041U.S.$4 
Commercial PaperDec 2022U.S.$ 336 
Term Credit FacilitySep 2022U.S.$ 634 
Demand Promissory NoteCDN$ 
19,724 20,220 
Perpetual 4% Consolidated Debenture Stock
(E)U.S.$41 38 
Perpetual 4% Consolidated Debenture Stock
(E)G.B.£6 
19,771 20,264 
Unamortized fees on long-term debt(120)(137)
19,651 20,127 
Less: Long-term debt maturing within one year1,510 1,550 
$18,141 $18,577 
In 2021, the Company issued the following securities for total net proceeds of $10.7 billion to fund the cash consideration component of the KCS acquisition:

Date IssuedDescription of SecuritiesMaturityNet Proceeds
November 24, 2021
$1.0 billion 1.589% Notes
Nov 2023
$1.00 billion
$1.2 billion 2.540% Notes
Feb 2028
$1.20 billion
December 2, 2021
U.S. $1.5 billion 1.350% Notes
Dec 2024
$1.91 billion (U.S. $1.49 billion)
U.S. $1.0 billion 1.750% Notes
Dec 2026
$1.27 billion (U.S. $0.99 billion)
U.S. $1.4 billion 2.450% Notes
Dec 2031
$1.78 billion (U.S. $1.39 billion)
U.S. $1.0 billion 3.000% Notes
Dec 2041
$1.26 billion (U.S. $0.99 billion)
U.S. $1.8 billion 3.100% Notes
Dec 2051
$2.26 billion (U.S. $1.77 billion)