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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Income Statement [Abstract]        
Railway operating revenues $ 2,971 $ 3,343 $ 9,083 $ 9,508
Railway operating expenses        
Compensation and benefits 715 735 2,098 1,968
Purchased services and rents 517 484 1,519 1,402
Fuel 289 383 867 1,092
Depreciation 326 306 968 912
Materials and other 205 163 622 506
Eastern Ohio incident 163 0 966 0
Total railway operating expenses 2,215 2,071 7,040 5,880
Income from railway operations 756 1,272 2,043 3,628
Other income (expense) – net 40 (2) 153 (21)
Interest expense on debt 182 177 527 515
Income before income taxes 614 1,093 1,669 3,092
Income taxes 136 135 369 612
Net income $ 478 $ 958 $ 1,300 $ 2,480
Earnings per share        
Basic (in dollars per share) $ 2.11 $ 4.11 $ 5.71 $ 10.49
Diluted (in dollars per share) $ 2.10 $ 4.10 $ 5.70 $ 10.45