Canadian National Railway Company, together with its subsidiaries, engages in the rail and related transportation business. The company's portfolio of goods includes petroleum and chemicals, grain and fertilizers, coal, metals and minerals, forest products, intermodal, and automotive products serving exporters, importers, retailers, farmers, and manufacturers. It operates a network of 19,500 route miles of track spanning Canada and the United States. The company also provides vessels and docks, transloading and distribution, automotive logistics, and freight forwarding and transportation management services. Canadian National Railway Company was incorporated in 1919 and is headquartered in Montreal, Canada.

Canadian National Railway Company

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Assets	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23	Dec '22
Cash and Cash Equivalents	216	389	335	475	539	328
Cash and Cash Equivalents
Total Cash and Cash Equivalents	216	389	335	475	539	328
Accounts Receivable	1,131	1,164	1,223	1,300	1,223	1,371
Accounts Receivable
Total Trade Receivables	1,131	1,164	1,223	1,300	1,223	1,371
Inventories	817	720	788	699	757	692
Material and Supplies
Other Current Assets	703	346	784	615	747	826
Restricted Cash and Cash Equivalents
Deferred and Receivable Income Taxes
Other Current Assets
Total Current Assets	2,867	2,619	3,130	3,089	3,266	3,217
Total Current Assets
Net Property, Plant & Equipment	48,027	48,445	46,080	45,041	43,962	44,007
Properties
Operating Lease Right-of-Use Assets
Net Intangible Assets	484	773	741	714	403	405
Intangible Assets, Goodwill and Other
Other Long-Term Assets	5,398	5,230	4,037	3,822	3,245	3,033
Pension Asset
Deferred Income Tax Assets
Advance to KCS and Other Transaction Costs
Total Assets	56,776	57,067	53,988	52,666	50,876	50,662
Total Assets

Liabilities	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23	Dec '22
Accounts Payable	2,385	2,810	2,520	2,695	2,394	2,785
Accounts Payable and Other
Current Portion of Long-Term Debt	1,124	1,166	2,410	2,340	1,107	1,057
Current Portion of Long-Term Debt
Total Current Liabilities	3,509	3,976	4,930	5,035	3,501	3,842
Total Current Liabilities
Long-Term Debt	19,301	19,728	18,100	16,133	15,831	14,372
Long-Term Debt
Leases	329	343	248	298	295	341
Operating Lease Liabilities
Other Long-Term Liabilities	12,101	11,969	11,306	11,083	10,851	10,723
Deferred Income Tax Liabilities
Other Liabilities and Deferred Credits
Pension and Other Postretirement Benefits
Total Long-Term Liabilities	31,731	32,040	29,654	27,514	26,977	25,436
Total Liabilities	35,240	36,016	34,584	32,549	30,478	29,278
Total Liabilities

Equity	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23	Dec '22
Common Stock	3,510	3,474	3,484	3,512	3,573	3,613
Common Shares
Treasury Stock	-134	-129	-129	-144	-142	-170
Common Shares in Share Trusts
Additional Paid-in Capital	389	372	364	373	369	381
Additional Paid-in Capital
Accumulated Other Comprehensive Income	-1,429	-1,020	-2,064	-2,279	-2,079	-1,969
Accumulated Other Comprehensive Loss
Retained Earnings	19,200	18,354	17,749	18,655	18,677	19,529
Retained Earnings
Total Common Shareholders' Equity	21,536	21,051	19,404	20,117	20,398	21,384
Total Shareholders' Equity	21,536	21,051	19,404	20,117	20,398	21,384
Total Shareholders' Equity
Total Liabilities and Shareholders' Equity	56,776	57,067	53,988	52,666	50,876	50,662
Total Liabilities and Shareholders' Equity