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Note 3 - Operations and Segmentation

6 Months Ended

Jun. 30, 2024

Notes to Financial Statements

Nature of Operations [Text Block]

3. Operations and Segmentation

The Railroad, along with its subsidiaries and rail affiliates, is our one reportable operating segment. Although we provide and analyze revenues by commodity group, we treat the financial results of the Railroad as one segment due to the integrated nature of our rail network. Our operating revenues are primarily derived from contracts with customers for the transportation of freight from origin to destination.

The following table represents a disaggregation of our freight and other revenues:

		Three Months Ended								Six Months Ended
		June 30,								June 30,
Millions		2024				2023				2024				2023
Bulk		$	1,721			$	1,757			$	3,538			$	3,654
Industrial			2,123				2,086				4,227				4,103
Premium			1,794				1,726				3,489				3,468
Total freight revenues		$	5,638			$	5,569			$	11,254			$	11,225
Other subsidiary revenues			212				220				429				455
Accessorial revenues			131				149				305				300
Other			26				25				50				39
Total operating revenues		$	6,007			$	5,963			$	12,038			$	12,019

Although our revenues are principally derived from customers domiciled in the U.S., the ultimate points of origination or destination for some products we transport are outside the U.S. Each of our commodity groups includes revenues from shipments to and from Mexico. Included in the above table are revenues from our Mexico business, which amounted to $744 million and $689 million for the three months ended June 30, 2024 and 2023, respectively, and $1.5 billion and $1.4 billion for the six months ended  June 30, 2024 and 2023, respectively.

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- Definition

The entire disclosure for the nature of an entity's business, major products or services, principal markets including location, and the relative importance of its operations in each business and the basis for the determination, including but not limited to, assets, revenues, or earnings. For an entity that has not commenced principal operations, disclosures about the risks and uncertainties related to the activities in which the entity is currently engaged and an understanding of what those activities are being directed toward.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Topic 275
-Publisher FASB
-URI https://asc.fasb.org/275/tableOfContent

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-SubTopic 10
-Topic 275
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482861/275-10-50-1

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