16. Debt 103 CP 2020 ANNUAL REPORT Long-term debt includes debt instruments and finance lease obligations. The following table outlines the Company's outstanding long-term debt as at December 31, 2020: At December 31, 2020, the gross amount of long-term debt denominated in U.S. dollars was U.S. $6,713 million (2019 – U.S. $6,016 million). (in millions of Canadian dollars except percentages) Maturity Currency in which payable 2020 2019 9.450% 30-year Debentures (A) Aug 2021 U.S.$ 318 325  5.100% 10-year Medium Term Notes (A) Jan 2022 CDN$ 125 125  4.500% 10-year Notes (A) Jan 2022 U.S.$ 318 324  4.450% 12.5-year Notes (A) Mar 2023 U.S.$ 445 454  2.900% 10-year Notes (A) Feb 2025 U.S.$ 891 909  3.700% 10.5-year Notes (A) Feb 2026 U.S.$ 318 324  4.000% 10-year Notes (A) Jun 2028 U.S.$ 636 649  3.150% 10-year Notes (A) Mar 2029 CDN$ 399 399  2.050% 10-year Notes (A) Mar 2030 U.S.$ 636 —  7.125% 30-year Debentures (A) Oct 2031 U.S.$ 446 454  5.750% 30-year Debentures (A) Mar 2033 U.S.$ 312 318  4.800% 20-year Notes (A) Sep 2035 U.S.$ 381 388  5.950% 30-year Notes (A) May 2037 U.S.$ 567 578  6.450% 30-year Notes (A) Nov 2039 CDN$ 400 400  5.750% 30-year Notes (A) Jan 2042 U.S.$ 313 319  4.800% 30-year Notes (A) Aug 2045 U.S.$ 698 712  3.050% 30-year Notes (A) Mar 2050 CDN$ 298 —  6.125% 100-year Notes (A) Sep 2115 U.S.$ 1,146 1,169  8.000% 5-year Promissory Notes (B) up to Jun 2020 U.S.$ — 11  5.41% Senior Secured Notes (C) Mar 2024 U.S.$ 89 100  6.91% Secured Equipment Notes (D) Oct 2024 CDN$ 75 91  7.49% Equipment Trust Certificates (E) Jan 2021 U.S.$ 14 55  Obligations under finance leases 1.99% -2.97% (F) 2021 - 2023 CDN$/U.S.$ 4 3  6.99% (F) Mar 2022 U.S.$ 97 99  6.57% (F) Dec 2026 U.S.$ 38 45  12.77% (F) Jan 2031 CDN$ 4 4  Commercial Paper up to Feb 2021 U.S.$ 820 516  9,788 8,771  Perpetual 4% Consolidated Debenture Stock (G) U.S.$ 39 39  Perpetual 4% Consolidated Debenture Stock (G) G.B.£ 6 6  9,833 8,816  Unamortized fees on long-term debt (62) (59) 9,771 8,757  Less: Long-term debt maturing within one year 1,186 599  $ 8,585 $ 8,158 