Related Party Transactions (Tables)

12 Months Ended

Dec. 30, 2016

Schedule of Minimum Rentals and Commitments under Operating Leases

At December 2016, minimum rentals on land, buildings, track and equipment under operating leases are disclosed in the table below. Also, payments to 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
2017	$	78	$	(3	)	$	75
2018	66		(3		)	63
2019	62		(3		)	59
2020	49		(3		)	46
2021	40		(3		)	37
Thereafter	153		(7		)	146
Total	$	448	$	(22	)	$	426

Corporate Joint Venture

Schedule of Minimum Rentals and Commitments under Operating Leases

Future minimum lease payments due to Conrail under the shared asset area agreements are shown in the table below.



(Dollars in Millions)	Conrail Shared
Years	Asset Agreement
2017	$	27
2018	27
2019	27
2020	27
2021	27
Thereafter	74
Total	$	209

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)	2016			2015			2014
Rents, fees and services	$	114		$	123		$	124
Purchase price amortization and other	4			4			4
Equity earnings of Conrail	(37		)	(33		)	(31		)
Total Conrail Expense	$	81		$	94		$	97

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. In 2014, the Company also executed two promissory notes with a subsidiary of Conrail which were included in long-term debt on the consolidated balance sheets. Interest expense from these promissory notes was $6 million for both 2016 and 2015, and $3 million for 2014.



	December		December
(Dollars in Millions)	2016		2015
Balance Sheet Information:
CSX payable to Conrail	$	91	$	65
Promissory notes payable to Conrail subsidiary
2.89% CSX promissory note due October 2044	73		73
2.89% CSXT promissory note due October 2044	151		151

TTX Company



	Fiscal Years
(Dollars in Millions)	2016			2015			2014
Income statement information:
Car hire rents	$	233		$	218		$	207
Equity earnings of TTX	(26		)	(20		)	(21		)
Total TTX expense	$	207		$	198		$	186



	December		December
Balance sheet information:	2016		2015
CSX payable to TTX	$	47	$	40