XML 45 R37.htm IDEA: XBRL DOCUMENT v2.4.0.8
Related Party Transactions (Tables)
12 Months Ended
Dec. 27, 2013
Related Party Transaction [Line Items]  
Future minimum lease payments
At December 2013, minimum rentals on land, buildings, track and equipment under operating leases are disclosed in the table below.  Also, payments to Conrail, Inc. ("Conrail") for leases on shared rail infrastructure are included in these amounts. (See Note 12, Related Party Transactions).
 (Dollars in Millions)
Operating
 
Sublease
 
Net Lease
Years
Leases
 
Income
 
Commitments
2014
$
79

 
$
(3
)
 
$
76

2015
73

 
(2
)
 
71

2016
64

 
(2
)
 
62

2017
55

 
(2
)
 
53

2018
46

 
(2
)
 
44

Thereafter
275

 
(13
)
 
262

Total
$
592

 
$
(24
)
 
$
568

Schedule of related Conrail amounts included in Company's consolidated income statements
The following table details the related Conrail amounts included in materials, supplies and other in the Company’s consolidated income statements:
 
Fiscal Years 
(Dollars in Millions)
2013
 
2012
 
2011
Rents, Fees and Services
$
115

 
$
139

 
$
111

Purchase Price Amortization and Other
4

 
4

 
4

Equity in Income of Conrail
(35
)
 
(26
)
 
(24
)
Total Conrail Rents, Fees and Services
$
84

 
$
117

 
$
91



Schedule of executed promissory notes with Conrail subsidiary
As required by the Related Party Disclosures Topic in the ASC, the Company has identified amounts below owed to Conrail, or its subsidiaries, representing liabilities under the operating, equipment and shared area agreements with Conrail.  The Company also executed two promissory notes with a subsidiary of Conrail which were included in long-term debt on the consolidated balance sheets.
 
December
 
December
(Dollars in Millions)
2013
 
2012
Balance Sheet Information:
 
 
 
CSX Payable to Conrail (a)
$
172

 
$
175

Promissory Notes Payable to Conrail Subsidiary (b)
 
 
 
4.40% CSX Promissory Note due October 2035
73

 
73

4.52% CSXT Promissory Note due March 2035
23

 
23


(a) CSX Payable to Conrail is included on the consolidated balance sheet of CSX as accounts payable because it is short term in nature.
(b) Promissory notes payable to Conrail are included on the consolidated balance sheet of CSX as long-term debt.
Corporate Joint Venture [Member]
 
Related Party Transaction [Line Items]  
Future minimum lease payments
Future minimum lease payments due to Conrail under the shared asset area agreements are as follows:
(Dollars in Millions)
Conrail Shared
Years
Asset Agreement
2014
$
25

2015
25

2016
25

2017
25

2018
25

Thereafter
144

Total
$
269