CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Millions	Mar. 25, 2016	Dec. 25, 2015	Mar. 27, 2015	Dec. 26, 2014
Current Assets:
Cash and Cash Equivalents	$ 731	$ 628	$ 561	$ 669
Short-term Investments	375	810
Accounts Receivable - Net	917	982
Materials and Supplies	370	350
Deferred Income Taxes	132	126
Other Current Assets	83	70
Total Current Assets	2,608	2,966
Properties	41,865	41,574
Accumulated Depreciation	(11,572)	(11,400)
Properties - Net	30,293	30,174
Other Long-term Assets	307	337
Total Assets	34,610	34,871
Current Liabilities:
Accounts Payable	815	764
Labor and Fringe Benefits Payable	398	490
Casualty, Environmental and Other Reserves	130	131
Current Maturities of Long-term Debt	20	20
Income and Other Taxes Payable	170	108
Other Current Liabilities	159	439
Total Current Liabilities	1,692	1,952
Casualty, Environmental and Other Reserves	255	269
Long-term Debt	10,516	10,515
Deferred Income Taxes	9,396	9,305
Other Long-term Liabilities	1,145	1,162
Total Liabilities	23,004	23,203
Shareholders' Equity:
Common Stock, $1 Par Value	956	966
Other Capital	112	113
Retained Earnings	11,183	11,238
Accumulated Other Comprehensive Loss	(658)	(665)
Noncontrolling Interest	13	16
Total Shareholders' Equity	11,606	11,668
Total Liabilities and Shareholders' Equity	34,610	34,871
Investments in Conrail
Current Assets:
Investment in Affiliates and Consolidated Subsidiaries	811	803
Affiliates and Other Companies
Current Assets:
Investment in Affiliates and Consolidated Subsidiaries	$ 591	$ 591