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Condensed Consolidated Statements of Financial Position (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 947 $ 1,055
Short-term investments (Note 13) 20 16
Accounts receivable, net (Note 10) 2,036 2,073
Materials and supplies 775 743
Other current assets 371 261
Total current assets 4,149 4,148
Investments 2,649 2,605
Properties, net (Note 11) 58,036 57,398
Operating lease assets 1,345 1,643
Other assets 1,391 1,338
Total assets 67,570 67,132
Current liabilities:    
Accounts payable and other current liabilities (Note 12) 3,714 3,683
Debt due within one year (Note 14) 1,652 1,423
Total current liabilities 5,366 5,106
Debt due after one year (Note 14) 29,761 31,156
Operating lease liabilities 934 1,245
Deferred income taxes 13,199 13,123
Other long-term liabilities 1,726 1,714
Commitments and contingencies (Note 15)
Total liabilities 50,986 52,344
Common shareholders' equity:    
Common shares, $2.50 par value, 1,400,000,000 authorized; 1,113,023,704 and 1,112,854,806 issued; 606,908,876 and 609,703,814 outstanding, respectively 2,783 2,782
Paid-in-surplus 5,297 5,193
Retained earnings 64,677 62,093
Treasury stock (55,481) (54,666)
Accumulated other comprehensive loss (Note 9) (692) (614)
Total common shareholders' equity 16,584 14,788
Total liabilities and common shareholders' equity $ 67,570 $ 67,132