113  /  CP 2018 ANNUAL REPORT CONDENSED CONSOLIDATING BALANCE SHEETS AS AT DECEMBER 31, 2017 (in millions of Canadian dollars) CPRL (Parent Guarantor) CPRC (Subsidiary Issuer) Non-Guarantor Subsidiaries Consolidating Adjustments and Eliminations CPRL Consolidated Assets Current assets Cash and cash equivalents $ — $ 241 $ 97 $ — $ 338 Accounts receivable, net — 508 179 — 687 Accounts receivable, intercompany 97 153 215 (465 ) — Short-term advances to affiliates 500 1,004 4,996 (6,500) — Materials and supplies — 120 32 — 152 Other current assets — 31 66 — 97 597 2,057 5,585 (6,965 ) 1,274 Long-term advances to affiliates 590 — 410 (1,000) — Investments — 27 155 — 182 Investments in subsidiaries 10,623 12,122 — (22,745) — Properties — 8,982 8,034 — 17,016 Goodwill and intangible assets — — 187 — 187 Pension asset — 1,407 — — 1,407 Other assets — 56 13 — 69 Deferred income taxes 3 — — (3 ) — Total assets $ 11,813 $ 24,651 $ 14,384 $ (30,713) $ 20,135 Liabilities and shareholders’ equity Current liabilities Accounts payable and accrued liabilities $ 82 $ 844 $ 312 $ — $ 1,238 Accounts payable, intercompany 3 309 153 (465) — Short-term advances from affiliates 5,291 1,185 24 (6,500 ) — Long-term debt maturing within one year — 746 — — 746 5,376 3,084 489 (6,965 ) 1,984 Pension and other benefit liabilities — 672 77 — 749 Long-term advances from affiliates — 1,000 — (1,000 ) — Other long-term liabilities — 108 123 — 231 Long-term debt — 7,362 51 — 7,413 Deferred income taxes — 1,802 1,522 (3) 3,321 Total liabilities 5,376 14,028 2,262 (7,968 ) 13,698 Shareholders’ equity Share capital 2,032 1,037 6,730 (7,767 ) 2,032 Additional paid-in capital 43 1,643 259 (1,902) 43 Accumulated other comprehensive (loss) income (1,741 ) (1,742 ) 417 1,325 (1,741 ) Retained earnings 6,103 9,685 4,716 (14,401) 6,103 6,437 10,623 12,122 (22,745 ) 6,437 Total liabilities and shareholders’ equity $ 11,813 $ 24,651 $ 14,384 $ (30,713) $ 20,135