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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Income Statement [Abstract]        
Railway operating revenues $ 3,044 $ 2,980 $ 6,048 $ 6,112
Railway operating expenses        
Compensation and benefits 700 693 1,436 1,383
Purchased services and rents 516 506 1,044 1,002
Fuel 257 263 541 578
Depreciation 335 321 672 642
Materials and other 173 205 388 417
Restructuring and other charges (3) 0 96 0
Eastern Ohio incident (65) 416 527 803
Total railway operating expenses 1,913 2,404 4,704 4,825
Income from railway operations 1,131 576 1,344 1,287
Other income – net 17 57 35 113
Interest expense on debt 204 170 405 345
Income before income taxes 944 463 974 1,055
Income taxes 207 107 184 233
Net income $ 737 $ 356 $ 790 $ 822
Earnings per share        
Basic (in dollars per share) $ 3.26 $ 1.56 $ 3.49 $ 3.61
Diluted (in dollars per share) $ 3.25 $ 1.56 $ 3.48 $ 3.60