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Property, plant and equipment including equipment held for lease (Tables)
12 Months Ended
Dec. 31, 2024
Schedule of depreciation expense

Depreciation expense for each of the three years ending December 31, 2024 is summarized below (in millions).

 

 

 

2024

 

 

2023

 

 

2022

 

Insurance and other

 

$

3,117

 

 

$

2,898

 

 

$

2,276

 

Railroad, utilities and energy

 

 

6,514

 

 

 

6,494

 

 

 

6,181

 

 

$

9,631

 

 

$

9,392

 

 

$

8,457

 

 

Insurance and Other [Member]  
Schedule of property, plant and equipment

A summary of property, plant and equipment of our insurance and other businesses follows (in millions).

 

 

 

December 31,

 

 

 

2024

 

 

2023

 

Land, buildings and improvements

 

$

20,735

 

 

$

19,598

 

Machinery and equipment

 

 

32,475

 

 

 

31,865

 

Furniture, fixtures and other

 

 

5,501

 

 

 

5,850

 

 

 

58,711

 

 

 

57,313

 

Accumulated depreciation

 

 

(28,640

)

 

 

(27,114

)

 

$

30,071

 

 

$

30,199

 

Railroad, Utilities and Energy [Member]  
Schedule of property, plant and equipment

A summary of property, plant and equipment of our railroad and utilities and energy businesses follows (in millions). The utility generation, transmission and distribution systems and interstate natural gas pipeline assets are owned by regulated public utility and natural gas pipeline subsidiaries.

 

 

 

December 31,

 

 

 

2024

 

 

2023

 

Railroad:

 

 

 

 

 

 

Land, track structure and other roadway

 

$

74,093

 

 

$

71,692

 

Locomotives, freight cars and other equipment

 

 

15,766

 

 

 

16,256

 

Construction in progress

 

 

1,813

 

 

 

1,715

 

 

 

91,672

 

 

 

89,663

 

Accumulated depreciation

 

 

(20,411

)

 

 

(19,464

)

 

 

71,261

 

 

 

70,199

 

Utilities and energy:

 

 

 

 

 

 

Utility generation, transmission and distribution systems

 

$

103,015

 

 

$

96,195

 

Interstate natural gas pipeline assets

 

 

20,237

 

 

 

19,226

 

Independent power plants and other

 

 

14,840

 

 

 

14,781

 

Construction in progress

 

 

8,793

 

 

 

9,267

 

 

 

146,885

 

 

 

139,469

 

Accumulated depreciation

 

 

(43,116

)

 

 

(40,221

)

 

 

103,769

 

 

 

99,248

 

 

$

175,030

 

 

$

169,447