Consolidated Statements of Income (Unaudited) - USD ($) $ in Millions	3 Months Ended
Mar. 31, 2023	Mar. 31, 2022
Income Statement [Abstract]
Railway operating revenues	$ 3,132	$ 2,915
Railway operating expenses
Compensation and benefits	690	619
Purchased services and rents	496	437
Fuel	315	301
Depreciation	321	302
Materials and other	212	171
Eastern Ohio incident	387	0
Total railway operating expenses	2,421	1,830
Income from railway operations	711	1,085
Other income (expense) – net	56	(5)
Interest expense on debt	175	168
Income before income taxes	592	912
Income taxes	126	209
Net income	$ 466	$ 703
Earnings per share
Basic (in dollars per share)	$ 2.04	$ 2.94
Diluted (in dollars per share)	$ 2.04	$ 2.93

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.