v3.25.4
Revenues (Tables)
 12 Months Ended
Dec. 31, 2025
Revenue from Contract with Customer [Abstract]  
Disaggregation of revenue
In millionsYear ended December 31,202520242023
Freight revenues
Petroleum and chemicals$3,478 $3,414 $3,195 
Metals and minerals1,962 2,048 2,048 
Forest products1,839 1,931 1,943 
Coal960 929 1,017 
Grain and fertilizers3,658 3,422 3,265 
Intermodal3,892 3,757 3,823 
Automotive892 894 945 
Total freight revenues16,681 16,395 16,236 
Other revenues623 651 592 
Total revenues (1) (2)
$17,304 $17,046 $16,828 
(1)As at December 31, 2025, the Company had remaining performance obligations related to freight in-transit, for which revenues of $103 million (2024 - $102 million) are expected to be recognized in the next period.
(2)See Note 23 – Segmented information for the disaggregation of revenues by geographic area.
Schedule of contract liabilities
Contract liabilities

In millions20252024
Beginning of year$191 $95 
Revenue recognized included in the beginning balance(18)(15)
Increase due to consideration received, net of revenue recognized354 111 
End of year$527 $191 
Current portion - end of year$7 $5