<SEC-DOCUMENT>0000277948-17-000026.txt : 20170607
<SEC-HEADER>0000277948-17-000026.hdr.sgml : 20170607
<ACCEPTANCE-DATETIME>20170508154706
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0000277948-17-000026
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20170508

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CSX CORP
		CENTRAL INDEX KEY:			0000277948
		STANDARD INDUSTRIAL CLASSIFICATION:	RAILROADS, LINE-HAUL OPERATING [4011]
		IRS NUMBER:				621051971
		STATE OF INCORPORATION:			VA
		FISCAL YEAR END:			1225

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		500 WATER STREET
		STREET 2:		15TH FLOOR
		CITY:			JACKSONVILLE
		STATE:			FL
		ZIP:			32202
		BUSINESS PHONE:		9043593200

	MAIL ADDRESS:	
		STREET 1:		500 WATER STREET
		STREET 2:		15TH FLOOR
		CITY:			JACKSONVILLE
		STATE:			FL
		ZIP:			32202
</SEC-HEADER>
<DOCUMENT>
<TYPE>CORRESP
<SEQUENCE>1
<FILENAME>filename1.htm
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<div><a name="se48337db01d94c9cb344d10ee96ad905"></a></div><div></div><div><br></div><div style="line-height:120%;padding-top:3px;text-align:left;padding-left:8px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">May 8, 2017</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;padding-left:8px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-style:italic;font-weight:bold;">VIA EDGAR AND E-MAIL</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;padding-left:8px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Ms. Melissa Raminpour</font></div><div style="line-height:120%;text-align:left;padding-left:8px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Division of Corporation</font></div><div style="line-height:120%;text-align:left;padding-left:8px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Finance</font></div><div style="line-height:120%;text-align:left;padding-left:8px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">United States Securities and Exchange Commission</font></div><div style="line-height:120%;text-align:left;padding-left:8px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">100 F Street, N.E.</font></div><div style="line-height:120%;text-align:left;padding-left:6px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Washington, DC 20549</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;padding-left:6px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Re:</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:Arial;font-size:11pt;">CSX Corporation</font></div><div style="line-height:120%;text-align:left;padding-left:56px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Form 10-K for the year ended December 30, 2016</font></div><div style="line-height:120%;text-align:left;padding-left:56px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Filed February 14, 2017</font></div><div style="line-height:120%;text-align:left;padding-left:56px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Form 10-Q for the period ended March 31, 2017</font></div><div style="line-height:120%;text-align:left;padding-left:56px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Filed April 20, 2017</font></div><div style="line-height:120%;text-align:left;padding-left:56px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">File No. 001-08022</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;padding-left:6px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Dear Ms. Raminpour:</font></div><div style="line-height:120%;padding-top:0px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:8px;text-indent:46px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">CSX Corporation (</font><font style="font-family:inherit;font-size:11pt;">&#8220;</font><font style="font-family:Arial;font-size:11pt;">CSX</font><font style="font-family:inherit;font-size:11pt;">&#8221; </font><font style="font-family:Arial;font-size:11pt;">or the </font><font style="font-family:inherit;font-size:11pt;">&#8220;</font><font style="font-family:Arial;font-size:11pt;">Company</font><font style="font-family:inherit;font-size:11pt;">&#8221;</font><font style="font-family:Arial;font-size:11pt;">) is writing in response to the staff</font><font style="font-family:inherit;font-size:11pt;">&#8217;</font><font style="font-family:Arial;font-size:11pt;">s comment letter dated April 25, 2017 with respect to the above-referenced filing. CSX believes this letter responds fully to the staff</font><font style="font-family:inherit;font-size:11pt;">&#8217;</font><font style="font-family:Arial;font-size:11pt;">s comments. For the convenience of the staff, the comment is set forth below, followed by the Company</font><font style="font-family:inherit;font-size:11pt;">&#8217;</font><font style="font-family:Arial;font-size:11pt;">s response.</font></div><div style="line-height:120%;padding-top:0px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;padding-left:8px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">Form 10-Q for the period ended March 31, 2017</font></div><div style="line-height:120%;padding-top:0px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-top:4px;text-align:left;padding-left:8px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">Item 2. Management</font><font style="font-family:inherit;font-size:11pt;font-weight:bold;">&#8217;</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">s Discussion and Analysis of Financial Condition and Results of Operations, page 27</font></div><div style="line-height:120%;padding-top:0px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-top:4px;text-align:justify;padding-left:56px;text-indent:-24px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">1. You disclose the company reduced the management workforce and completed other restructuring activities that resulted in a restructuring charge of $173 million. In future filings, please revise to disclose the facts and circumstances that led to the restructuring and quantify the estimated range of these savings on your future earnings and cash flows resulting from this exit plan. Please refer to ASC 420-10-50-1(a) and SAB Topic 5.P.4.</font></div><div style="line-height:120%;padding-top:0px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;padding-left:8px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">CSX Response</font></div><div style="line-height:120%;padding-top:0px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-top:4px;text-align:justify;padding-left:56px;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">In future filings, CSX will expand the disclosure on restructuring activities to indicate that these activities were prompted by furthering its strategic objectives. The Company has been focused on driving efficiencies through process improvement and enhanced cost control while responding to business mix shifts, particularly the significant decline in the coal market. These reductions were designed to further streamline general and administrative and operating support functions to speed decision making and further control costs. In addition, the Company will quantify the estimated impact of the associated savings on future earnings and cash flows in the expanded disclosure.</font></div><div style="line-height:120%;text-align:justify;padding-left:8px;text-indent:46px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div><br></div><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;padding-top:3px;text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">Ms. Melissa Raminpour</font></div><div style="line-height:120%;padding-top:3px;text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">U. S. Securities and Exchange Commission</font></div><div style="line-height:120%;padding-top:3px;text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">May 8, 2017</font></div><div style="line-height:120%;padding-top:3px;text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">Page 2 of 2</font></div></div><div><br></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Please do not hesitate to contact me at (904) 359-3596 or Andrew L. Glassman, Vice President &amp; Controller, at (904) 359-1411 if you would like additional information or if the staff has additional comments.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;padding-left:6px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Very truly yours,</font></div><div style="line-height:120%;padding-top:0px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;padding-left:6px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;text-decoration:underline;">/s/ Frank A. Lonegro</font></div><div style="line-height:120%;text-align:left;padding-left:6px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Frank A. Lonegro</font></div><div style="line-height:120%;padding-top:0px;text-align:left;padding-left:6px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Executive Vice President &amp; Chief Financial Officer CSX Corporation</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;padding-left:6px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">cc:</font></div><div style="line-height:120%;text-align:left;padding-left:6px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Ellen M. Fitzsimmons</font></div><div style="line-height:120%;padding-top:0px;text-align:left;padding-left:6px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Executive Vice President Law &amp; Public Affairs CSX Corporation</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;padding-left:6px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Andrew L. Glassman</font></div><div style="line-height:120%;text-align:left;padding-left:6px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Vice President &amp; Controller CSX Corporation</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div>	</body>
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