Consolidated Statements of Income (Unaudited) - USD ($) $ in Millions	3 Months Ended
Mar. 31, 2022	Mar. 31, 2021
Income Statement [Abstract]
Railway operating revenues	$ 2,915	$ 2,639
Railway operating expenses
Compensation and benefits	619	611
Purchased services and rents	437	393
Fuel	301	177
Depreciation	302	292
Materials and other	171	151
Total railway operating expenses	1,830	1,624
Income from railway operations	1,085	1,015
Other income (expense) – net	(5)	7
Interest expense on debt	168	156
Income before income taxes	912	866
Income taxes	209	193
Net income	$ 703	$ 673
Earnings per share
Basic (in dollars per share)	$ 2.94	$ 2.67
Diluted (in dollars per share)	$ 2.93	$ 2.66

The amount of expense for contract services provided to the Company and rent paid for freight cars owned by other railroads or private companies net of rents received, including lease expenses, primarily for locomotives, railcars, containers, and trailers.

No definition available.