XML 46 R45.htm IDEA: XBRL DOCUMENT
v3.19.3.a.u2

Summarized Consolidating Financial Data (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2019
Condensed Financial Information Disclosure [Abstract] |
Consolidating Income Statements | Consolidating Income Statements (Dollars in Millions)
Fiscal Year Ended December 2019 | CSX Corporation |  | CSX Transportation |  | Eliminations and Other |  | CSX Consolidated
Revenue | $ | — |  |  | $ | 11,856 |  |  | $ | 81 |  |  | $ | 11,937 |
Expense | (549 | ) |  | 7,688 |  |  | (167 | ) |  | 6,972 |
Operating Income | 549 |  |  | 4,168 |  |  | 248 |  |  | 4,965 |
Equity in Earnings of Subsidiaries | 3,505 |  |  | — |  |  | (3,505 | ) |  | — |
Interest Expense | (878 | ) |  | (42 | ) |  | 183 |  |  | (737 | )
Other Income - Net | 25 |  |  | 207 |  |  | (144 | ) |  | 88 |
Earnings Before Income Taxes | 3,201 |  |  | 4,333 |  |  | (3,218 | ) |  | 4,316 |
Income Tax Benefit (Expense) | 130 |  |  | (1,009 | ) |  | (106 | ) |  | (985 | )
Net Earnings | $ | 3,331 |  |  | $ | 3,324 |  |  | $ | (3,324 | ) |  | $ | 3,331 |
Total Comprehensive Earnings | $ | 3,317 |  |  | $ | 3,306 |  |  | $ | (3,306 | ) |  | $ | 3,317 |
Fiscal Year Ended December 2018 |  |  |  |  |  |  |
Revenue | $ | — |  |  | $ | 12,174 |  |  | $ | 76 |  |  | $ | 12,250 |
Expense | (344 | ) |  | 7,868 |  |  | (143 | ) |  | 7,381 |
Operating Income | 344 |  |  | 4,306 |  |  | 219 |  |  | 4,869 |
Equity in Earnings of Subsidiaries | 3,580 |  |  | — |  |  | (3,580 | ) |  | — |
Interest Expense | (742 | ) |  | (39 | ) |  | 142 |  |  | (639 | )
Other Income - Net | 24 |  |  | 152 |  |  | (102 | ) |  | 74 |
Earnings Before Income Taxes | 3,206 |  |  | 4,419 |  |  | (3,321 | ) |  | 4,304 |
Income Tax Benefit (Expense) | 103 |  |  | (1,036 | ) |  | (62 | ) |  | (995 | )
Net Earnings | $ | 3,309 |  |  | $ | 3,383 |  |  | $ | (3,383 | ) |  | $ | 3,309 |
Total Comprehensive Earnings | $ | 3,134 |  |  | $ | 3,441 |  |  | $ | (3,441 | ) |  | $ | 3,134 |
Fiscal Year Ended December 2017 |  |  |  |  |  |  |
Revenue | $ | — |  |  | $ | 11,334 |  |  | $ | 74 |  |  | $ | 11,408 |
Expense | (158 | ) |  | 8,009 |  |  | (163 | ) |  | 7,688 |
Operating Income | 158 |  |  | 3,325 |  |  | 237 |  |  | 3,720 |
Equity in Earnings of Subsidiaries | 5,810 |  |  | — |  |  | (5,810 | ) |  | — |
Interest Expense | (582 | ) |  | (29 | ) |  | 65 |  |  | (546 | )
Other Income - Net | 7 |  |  | (19 | ) |  | (20 | ) |  | (32 | )
Earnings Before Income Taxes | 5,393 |  |  | 3,277 |  |  | (5,528 | ) |  | 3,142 |
Income Tax Benefit | 78 |  |  | 2,247 |  |  | 4 |  |  | 2,329 |
Net Earnings | $ | 5,471 |  |  | $ | 5,524 |  |  | $ | (5,524 | ) |  | $ | 5,471 |
Total Comprehensive Earnings | $ | 5,625 |  |  | $ | 5,538 |  |  | $ | (5,538 | ) |  | $ | 5,625 |
Consolidating Balance Sheets | Consolidating Balance Sheets (Dollars in Millions)
As of December 31, 2019 | CSX Corporation |  | CSX Transportation |  | Eliminations and Other |  | CSX Consolidated
ASSETS |
Current Assets: |  |  |  |  |  |  |
Cash and Cash Equivalents | $ | 814 |  |  | $ | 136 |  |  | $ | 8 |  |  | $ | 958 |
Short-term Investments | 989 |  |  | — |  |  | 7 |  |  | 996 |
Accounts Receivable - Net | 4 |  |  | 969 |  |  | 13 |  |  | 986 |
Receivable from Affiliates | 1,054 |  |  | 7,405 |  |  | (8,459 | ) |  | — |
Materials and Supplies | — |  |  | 261 |  |  | — |  |  | 261 |
Other Current Assets | 26 |  |  | 30 |  |  | 21 |  |  | 77 |
Total Current Assets | 2,887 |  |  | 8,801 |  |  | (8,410 | ) |  | 3,278 |
Properties | 1 |  |  | 42,110 |  |  | 2,989 |  |  | 45,100 |
Accumulated Depreciation | (1 | ) |  | (11,199 | ) |  | (1,732 | ) |  | (12,932 | )
Properties - Net | — |  |  | 30,911 |  |  | 1,257 |  |  | 32,168 |
Investments in Conrail | — |  |  | — |  |  | 982 |  |  | 982 |
Affiliates and Other Companies | (39 | ) |  | 923 |  |  | 13 |  |  | 897 |
Investment in Consolidated Subsidiaries | 34,528 |  |  | — |  |  | (34,528 | ) |  | — |
Right of Use Lease Asset | — |  |  | 514 |  |  | 18 |  |  | 532 |
Other Long-term Assets | 3 |  |  | 629 |  |  | (232 | ) |  | 400 |
Total Assets | $ | 37,379 |  |  | $ | 41,778 |  |  | $ | (40,900 | ) |  | $ | 38,257 |
LIABILITIES AND SHAREHOLDERS' EQUITY |
Current Liabilities: |  |  |  |  |  |  |
Accounts Payable | $ | 153 |  |  | $ | 830 |  |  | $ | 60 |  |  | $ | 1,043 |
Labor and Fringe Benefits Payable | 38 |  |  | 386 |  |  | 65 |  |  | 489 |
Payable to Affiliates | 9,552 |  |  | 574 |  |  | (10,126 | ) |  | — |
Casualty, Environmental and Other Reserves | — |  |  | 87 |  |  | 13 |  |  | 100 |
Current Maturities of Long-term Debt | — |  |  | 245 |  |  | — |  |  | 245 |
Income and Other Taxes Payable | (286 | ) |  | 340 |  |  | 15 |  |  | 69 |
Other Current Liabilities | — |  |  | 192 |  |  | 13 |  |  | 205 |
Total Current Liabilities | 9,457 |  |  | 2,654 |  |  | (9,960 | ) |  | 2,151 |
Casualty, Environmental and Other Reserves | — |  |  | 169 |  |  | 36 |  |  | 205 |
Long-term Debt | 15,534 |  |  | 459 |  |  | — |  |  | 15,993 |
Deferred Income Taxes - Net | (152 | ) |  | 6,827 |  |  | 286 |  |  | 6,961 |
Long-term Lease Liability | — |  |  | 481 |  |  | 12 |  |  | 493 |
Other Long-term Liabilities | 692 |  |  | 215 |  |  | (316 | ) |  | 591 |
Total Liabilities | 25,531 |  |  | 10,805 |  |  | (9,942 | ) |  | 26,394 |
Shareholders' Equity: |  |  |  |  |  |  |
Common Stock, $1 Par Value | 773 |  |  | 181 |  |  | (181 | ) |  | 773 |
Other Capital | 346 |  |  | 5,096 |  |  | (5,096 | ) |  | 346 |
Retained Earnings | 11,404 |  |  | 25,646 |  |  | (25,646 | ) |  | 11,404 |
Accumulated Other Comprehensive Loss | (675 | ) |  | 35 |  |  | (35 | ) |  | (675 | )
Noncontrolling Minority Interest | — |  |  | 15 |  |  | — |  |  | 15 |
Total Shareholders' Equity | 11,848 |  |  | 30,973 |  |  | (30,958 | ) |  | 11,863 |
Total Liabilities and Shareholders' Equity | $ | 37,379 |  |  | $ | 41,778 |  |  | $ | (40,900 | ) |  | $ | 38,257 |
NOTE 18. Summarized Consolidating Financial Data, continued Consolidating Balance Sheets (Dollars in Millions)
As of December 31, 2018 | CSX Corporation |  | CSX Transportation |  | Eliminations and Other |  | CSX Consolidated
ASSETS |
Current Assets |  |  |  |  |  |  |  |  |  |  |
Cash and Cash Equivalents | $ | 716 |  |  | $ | 130 |  |  | $ | 12 |  |  | $ | 858 |
Short-term Investments | 250 |  |  | — |  |  | 3 |  |  | 253 |
Accounts Receivable - Net | 1 |  |  | 1,003 |  |  | 6 |  |  | 1,010 |
Receivable from Affiliates | 1,020 |  |  | 5,214 |  |  | (6,234 | ) |  | — |
Materials and Supplies | — |  |  | 263 |  |  | — |  |  | 263 |
Other Current Assets | 63 |  |  | 104 |  |  | 14 |  |  | 181 |
Total Current Assets | 2,050 |  |  | 6,714 |  |  | (6,199 | ) |  | 2,565 |
Properties | 1 |  |  | 41,897 |  |  | 2,907 |  |  | 44,805 |
Accumulated Depreciation | (1 | ) |  | (11,194 | ) |  | (1,612 | ) |  | (12,807 | )
Properties - Net | — |  |  | 30,703 |  |  | 1,295 |  |  | 31,998 |
Investments in Conrail | — |  |  | — |  |  | 943 |  |  | 943 |
Affiliates and Other Companies | (39 | ) |  | 859 |  |  | 16 |  |  | 836 |
Investment in Consolidated Subsidiaries | 32,033 |  |  | — |  |  | (32,033 | ) |  | — |
Other Long-term Assets | 2 |  |  | 598 |  |  | (213 | ) |  | 387 |
Total Assets | $ | 34,046 |  |  | $ | 38,874 |  |  | $ | (36,191 | ) |  | $ | 36,729 |
LIABILITIES AND SHAREHOLDERS' EQUITY |
Current Liabilities |  |  |  |  |  |  |
Accounts Payable | $ | 132 |  |  | $ | 763 |  |  | $ | 54 |  |  | $ | 949 |
Labor and Fringe Benefits Payable | 41 |  |  | 440 |  |  | 69 |  |  | 550 |
Payable to Affiliates | 6,973 |  |  | 633 |  |  | (7,606 | ) |  | — |
Casualty, Environmental and Other Reserves | — |  |  | 99 |  |  | 14 |  |  | 113 |
Current Maturities of Long-term Debt | — |  |  | 18 |  |  | — |  |  | 18 |
Income and Other Taxes Payable | (290 | ) |  | 392 |  |  | 4 |  |  | 106 |
Other Current Liabilities | 11 |  |  | 162 |  |  | 6 |  |  | 179 |
Total Current Liabilities | 6,867 |  |  | 2,507 |  |  | (7,459 | ) |  | 1,915 |
Casualty, Environmental and Other Reserves | — |  |  | 176 |  |  | 35 |  |  | 211 |
Long-term Debt | 14,029 |  |  | 710 |  |  | — |  |  | 14,739 |
Deferred Income Taxes - Net | (134 | ) |  | 6,601 |  |  | 223 |  |  | 6,690 |
Other Long-term Liabilities | 721 |  |  | 211 |  |  | (338 | ) |  | 594 |
Total Liabilities | 21,483 |  |  | 10,205 |  |  | (7,539 | ) |  | 24,149 |
Shareholders' Equity |  |  |  |  |  |  |
Common Stock, $1 Par Value | 818 |  |  | 181 |  |  | (181 | ) |  | 818 |
Other Capital | 249 |  |  | 5,096 |  |  | (5,096 | ) |  | 249 |
Retained Earnings | 12,157 |  |  | 23,322 |  |  | (23,322 | ) |  | 12,157 |
Accumulated Other Comprehensive Loss | (661 | ) |  | 53 |  |  | (53 | ) |  | (661 | )
Noncontrolling Minority Interest | — |  |  | 17 |  |  | — |  |  | 17 |
Total Shareholders' Equity | 12,563 |  |  | 28,669 |  |  | (28,652 | ) |  | 12,580 |
Total Liabilities and Shareholders' Equity | $ | 34,046 |  |  | $ | 38,874 |  |  | $ | (36,191 | ) |  | $ | 36,729 |
Consolidating Cash Flow Statements | Consolidating Cash Flow Statements (Dollars in Millions)
Fiscal Year Ended December 2019 | CSX Corporation |  | CSX Transportation |  | Eliminations and Other |  | CSX Consolidated
Operating Activities |  |  |  |  |  |  |
Net Cash Provided by (Used in) Operating Activities | $ | 3,440 |  |  | $ | 2,272 |  |  | $ | (862 | ) |  | $ | 4,850 |
Investing Activities |  |  |  |  |  |  |
Property Additions | — |  |  | (1,506 | ) |  | (151 | ) |  | (1,657 | )
Purchases of Short-term Investments | (2,838 | ) |  | — |  |  | — |  |  | (2,838 | )
Proceeds from Sales of Short-term Investments | 2,105 |  |  | — |  |  | 3 |  |  | 2,108 |
Proceeds from Property Dispositions | — |  |  | 254 |  |  | — |  |  | 254 |
Other Investing Activities | 15 |  |  | 10 |  |  | 6 |  |  | 31 |
Net Cash Used in Investing Activities | (718 | ) |  | (1,242 | ) |  | (142 | ) |  | (2,102 | )
Financing Activities |  |  |  |  |  |  |
Long-term Debt Issued | 2,000 |  |  | — |  |  | — |  |  | 2,000 |
Long-term Debt Repaid | (500 | ) |  | (18 | ) |  | — |  |  | (518 | )
Dividends Paid | (763 | ) |  | (1,000 | ) |  | 1,000 |  |  | (763 | )
Shares Repurchased | (3,373 | ) |  | — |  |  | — |  |  | (3,373 | )
Other Financing Activities | 12 |  |  | (6 | ) |  | — |  |  | 6 |
Net Cash (Used in) Provided by Financing Activities | (2,624 | ) |  | (1,024 | ) |  | 1,000 |  |  | (2,648 | )
Net Increase in Cash and Cash Equivalents | 98 |  |  | 6 |  |  | (4 | ) |  | 100 |
Cash and Cash Equivalents at Beginning of Period | 716 |  |  | 130 |  |  | 12 |  |  | 858 |
Cash and Cash Equivalents at End of Period | $ | 814 |  |  | $ | 136 |  |  | $ | 8 |  |  | $ | 958 |
NOTE 18. Summarized Consolidating Financial Data, continued Consolidating Cash Flow Statements (Dollars in Millions)
Fiscal Year Ended December 2018 | CSX Corporation |  | CSX Transportation |  | Eliminations and Other |  | CSX Consolidated
Operating Activities |  |  |  |  |  |  |  |  |  |  |
Net Cash Provided by (Used in) Operating Activities | $ | 3,182 |  |  | $ | 1,657 |  |  | $ | (198 | ) |  | $ | 4,641 |
Investing Activities |  |  |  |  |  |  |
Property Additions | — |  |  | (1,580 | ) |  | (165 | ) |  | (1,745 | )
Purchases of Short-term Investments | (734 | ) |  | — |  |  | (2 | ) |  | (736 | )
Proceeds from Sales of Short-term Investments | 485 |  |  | — |  |  | 20 |  |  | 505 |
Proceeds from Property Dispositions | — |  |  | 319 |  |  | — |  |  | 319 |
Other Investing Activities | (4 | ) |  | 638 |  |  | (661 | ) |  | (27 | )
Net Cash Used in Investing Activities | (253 | ) |  | (623 | ) |  | (808 | ) |  | (1,684 | )
Financing Activities |  |  |  |  |  |  |
Long-term Debt Issued | 3,000 |  |  | — |  |  | — |  |  | 3,000 |
Long-term Debt Repaid | — |  |  | (19 | ) |  | — |  |  | (19 | )
Dividends Paid | (751 | ) |  | (1,000 | ) |  | 1,000 |  |  | (751 | )
Shares Repurchased | (4,671 | ) |  | — |  |  | — |  |  | (4,671 | )
Other Financing Activities | (65 | ) |  | (6 | ) |  | 12 |  |  | (59 | )
Net Cash (Used in) Provided by Financing Activities | (2,487 | ) |  | (1,025 | ) |  | 1,012 |  |  | (2,500 | )
Net Decrease in Cash and Cash Equivalents | 442 |  |  | 9 |  |  | 6 |  |  | 457 |
Cash and Cash Equivalents at Beginning of Period | 274 |  |  | 121 |  |  | 6 |  |  | 401 |
Cash and Cash Equivalents at End of Period | $ | 716 |  |  | $ | 130 |  |  | $ | 12 |  |  | $ | 858 |
NOTE 18. Summarized Consolidating Financial Data, continued Consolidating Cash Flow Statements (Dollars in Millions)
Fiscal Year Ended December 2017 | CSX Corporation |  | CSX Transportation |  | Eliminations and Other |  | CSX Consolidated
Operating Activities |  |  |  |  |  |  |
Net Cash Provided by (Used in) Operating Activities | $ | 1,719 |  |  | $ | 2,112 |  |  | $ | (359 | ) |  | $ | 3,472 |
Investing Activities |  |  |  |  |  |  |
Property Additions | — |  |  | (1,848 | ) |  | (192 | ) |  | (2,040 | )
Purchases of Short-term Investments | (774 | ) |  | — |  |  | (8 | ) |  | (782 | )
Proceeds from Sales of Short-term Investments | 1,190 |  |  | — |  |  | 3 |  |  | 1,193 |
Proceeds from Property Dispositions | — |  |  | 97 |  |  | — |  |  | 97 |
Other Investing Activities | (2 | ) |  | 94 |  |  | (55 | ) |  | 37 |
Net Cash Provided by (Used in) Investing Activities | 414 |  |  | (1,657 | ) |  | (252 | ) |  | (1,495 | )
Financing Activities |  |  |  |  |  |  |
Long-term Debt Issued | 850 |  |  | — |  |  | — |  |  | 850 |
Long-term Debt Repaid | (313 | ) |  | (20 | ) |  | — |  |  | (333 | )
Dividends Paid | (708 | ) |  | (600 | ) |  | 600 |  |  | (708 | )
Shares Repurchased | (1,970 | ) |  | — |  |  | — |  |  | (1,970 | )
Other Financing Activities | (23 | ) |  | 5 |  |  | — |  |  | (18 | )
Net Cash (Used in) Provided by Financing Activities | (2,164 | ) |  | (615 | ) |  | 600 |  |  | (2,179 | )
Net (Decrease) Increase in Cash and Cash Equivalents | (31 | ) |  | (160 | ) |  | (11 | ) |  | (202 | )
Cash and Cash Equivalents at Beginning of Period | 305 |  |  | 281 |  |  | 17 |  |  | 603 |
Cash and Cash Equivalents at End of Period | $ | 274 |  |  | $ | 121 |  |  | $ | 6 |  |  | $ | 401 |

X
- References No definition available. + Details
Name: | srt_CondensedFinancialInformationOfParentCompanyOnlyDisclosureAbstract
Namespace Prefix: | srt_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed balance sheet, including, but not limited to, balance sheets of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 3 -Paragraph i -Subsection 10 + Details
Name: | srt_ScheduleOfCondensedBalanceSheetTableTextBlock
Namespace Prefix: | srt_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed cash flow statement, including, but not limited to, cash flow statements of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 3 -Paragraph i -Subsection 10 + Details
Name: | srt_ScheduleOfCondensedCashFlowStatementTableTextBlock
Namespace Prefix: | srt_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed income statement, including, but not limited to, income statements of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 3 -Paragraph i -Subsection 10 + Details
Name: | srt_ScheduleOfCondensedIncomeStatementTableTextBlock
Namespace Prefix: | srt_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration