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Investment in Affiliates and Related-Party Transactions (Tables) | 12 Months Ended
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Dec. 31, 2023
Related Party Transactions [Abstract] |
Schedule of Equity-method Investments in Affiliates | CSX's investments in affiliates are included on the consolidated balance sheet as investments in affiliates and other companies.
| December |  | December
(Dollars in Millions) | 2023 |  | 2022
Conrail | $ | 1,175 |  |  | $ | 1,124 |
TTX | 961 |  |  | 914 |
Other Equity Method and Cost Method Investments | 261 |  |  | 254 |
Total | $ | 2,397 |  |  | $ | 2,292 |
Schedule of Future Payments Under Shared Asset Area Agreements | The following table presents information about the amount, timing and uncertainty of cash flows arising from all of the Company’s operating leases as of December 31, 2023.
(Dollars in Millions) | December 2023
Maturity of Lease Liabilities | Lease Payments
2024 | $ | 70 |
2025 | 67 |
2026 | 51 |
2027 | 43 |
2028 | 35 |
Thereafter | 1,108 |
Total Undiscounted Operating Lease Payments | $ | 1,374 |
Less: Imputed Interest | (815) |
Present Value of Operating Lease Liabilities | $ | 559 |
Future payments due to Conrail under the shared asset area agreements are shown in the table below.
(Dollars in Millions) | Conrail Shared
Years | Asset Agreement
2024 | $ | 32 |
2025 | 32 |
2026 | 32 |
2027 | 32 |
2028 | 32 |
Thereafter | 13 |
Total | $ | 173 |
Schedule of Related Party Transactions | The following table discloses amounts related to Conrail. All amounts in the table below are included in purchased services and other expenses on the Company’s consolidated income statements.
| Years Ended
(Dollars in Millions) | 2023 |  | 2022 |  | 2021
Rents, Fees and Services | $ | 132 |  |  | $ | 130 |  |  | $ | 128 |
Purchase Price Amortization and Other | 4 |  |  | 4 |  |  | 4 |
Equity Earnings of Conrail | (54) |  |  | (44) |  |  | (44) |
Total Conrail Expense | $ | 82 |  |  | $ | 90 |  |  | $ | 88 |
| December |  | December
(Dollars in Millions) | 2023 |  | 2022
Balance Sheet Information: |  |  |
CSX Accounts Payable to Conrail | $ | 154 |  |  | $ | 136 |
Promissory Notes Payable to Conrail Subsidiary |  |  |
1.31% CSX Promissory Note due December 2050 | 73 |  |  | 73 |
1.31% CSXT Promissory Note due December 2050 | 368 |  |  | 368 |
As required by the Related Party Disclosures Topic in the ASC, the following table discloses amounts related to TTX. Car hire rents and equity earnings are included in equipment and other rents expense on the Company’s consolidated income statement.
| Years Ended
(Dollars in Millions) | 2023 |  | 2022 |  | 2021
Income Statement Information: |  |  |  |  |
Car Hire Rents | $ | 249 |  |  | $ | 241 |  |  | $ | 221 |
Equity Earnings of TTX | (49) |  |  | (51) |  |  | (52) |
Total TTX Expense | $ | 200 |  |  | $ | 190 |  |  | $ | 169 |
Also included below is balance sheet information related to CSX's payable to TTX, which represents car rental liabilities.
(Dollars in Millions) | December |  | December
Balance Sheet Information: | 2023 |  | 2022
CSX Payable to TTX | $ | 43 |  |  | $ | 38 |

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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-6 + Details
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- Definition Tabular disclosure of related party transactions. Examples of related party transactions include, but are not limited to, transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners and (d) affiliates. + References No definition available. + Details
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