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Condensed Consolidated Statements of Financial Position (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 925 $ 1,055
Short-term investments (Note 12) 20 16
Accounts receivable, net (Note 9) 2,162 2,073
Materials and supplies 770 743
Other current assets 317 261
Total current assets 4,194 4,148
Investments 2,651 2,605
Properties, net (Note 10) 57,590 57,398
Operating lease assets 1,453 1,643
Other assets 1,378 1,338
Total assets 67,266 67,132
Current liabilities:    
Accounts payable and other current liabilities (Note 11) 3,801 3,683
Debt due within one year (Note 13) 733 1,423
Total current liabilities 4,534 5,106
Debt due after one year (Note 13) 31,195 31,156
Operating lease liabilities 1,016 1,245
Deferred income taxes 13,146 13,123
Other long-term liabilities 1,710 1,714
Total liabilities 51,601 52,344
Common shareholders' equity:    
Common shares, $2.50 par value, 1,400,000,000 authorized; 1,113,042,000 and 1,112,854,806 issued; 610,088,307 and 609,703,814 outstanding, respectively 2,783 2,782
Paid-in-surplus 5,213 5,193
Retained earnings 62,940 62,093
Treasury stock (54,661) (54,666)
Accumulated other comprehensive loss (Note 8) (610) (614)
Total common shareholders' equity 15,665 14,788
Total liabilities and common shareholders' equity $ 67,266 $ 67,132