Debt and Credit Agreements (Tables)

12 Months Ended

Dec. 30, 2016

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

Debt at December 2016 and December 2015 is shown in the table below. For information regarding the fair value of debt, see Note 13, Fair Value Measurements.

	Maturity at December	Average Interest Rates at December	December			December
(Dollars in Millions)	2016	2016	2016			2015
Notes(a)	2017-2066	4.5%	$	11,055		$	10,277
Equipment Obligations(b)	2016-2023	6.3%	232			250
Capital Leases	2016-2026	15.6%	6			7
Convertible Debentures(c)		1.0%	—			1
Subtotal Long-term Debt (including current portion)			$	11,293		$	10,535
Less Debt Due within One Year			(331		)	(20		)
Long-term Debt (excluding current portion)			$	10,962		$	10,515

(a) Long-term debt as of December 2015 includes debt issue costs of $168 million that were reclassified from long-term assets to long-term debt on the consolidated balance sheet as a result of ASU, Interest - Imputation of Interest, which became effective for CSX during first quarter 2016.

(b) Equipment obligations are secured by an interest in certain railroad equipment.

(c) Convertible debentures were fully redeemed during August 2016

Schedule of Long-term Debt Maturities

Long-term Debt Maturities (Net of Discounts, Premiums and Issuance Costs)

(Dollars in Millions)	Maturities as of
Fiscal Years Ending	December 2016
2017	$	331
2018	20
2019	18
2020	745
2021	371
Thereafter	9,808
Total Long-term Debt Maturities, including current portion	$	11,293