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Summarized Consolidating Financial Data
 3 Months Ended
Mar. 31, 2017
Condensed Financial Information of Parent Company Only Disclosure [Abstract]  
Summarized Consolidating Financial Data
Summarized Consolidating Financial Data

In 2007, CSXT, a wholly-owned subsidiary of CSX Corporation, sold secured equipment notes maturing in 2023 in a registered public offering. CSX has fully and unconditionally guaranteed the notes. In connection with the notes, the Company is providing the following condensed consolidating financial information in accordance with SEC disclosure requirements. Each entity in the consolidating financial information follows the same accounting policies as described in the consolidated financial statements, except for the use of the equity method of accounting to reflect ownership interests in subsidiaries which are eliminated upon consolidation and the allocation of certain expenses of CSX incurred for the benefit of its subsidiaries. Condensed consolidating financial information for the obligor, CSXT, and parent guarantor, CSX, is shown in the tables below.
 Consolidating Income Statements
 (Dollars in millions)
First Quarter 2017
 CSX Corporation
 CSX Transportation
 Eliminations and Other
 Consolidated
 Revenue
$
—

$
2,851

$
18

$
2,869

 Expense
(48
)
2,228

(23
)
2,157

 Operating Income
48

623

41

712

 
 
 
 
 
 Equity in Earnings of Subsidiaries
422

—

(422
)
—

 Interest (Expense) / Benefit
(142
)
(10
)
15

(137
)
 Other Income / (Expense) - Net
3

11

(7
)
7

 
 
 
 
 
 Earnings Before Income Taxes
331

624

(373
)
582

 Income Tax Benefit / (Expense)
31

(235
)
(16
)
(220
)
 Net Earnings
$
362

$
389

$
(389
)
$
362

 
 
 
 
 
Total Comprehensive Earnings
$
368

$
387

$
(387
)
$
368

 
 
 
 
 
First Quarter 2016
 CSX Corporation
 CSX Transportation
 Eliminations and Other
 Consolidated
 Revenue
$
—

$
2,598

$
20

$
2,618

 Expense
(72
)
2,064

(78
)
1,914

 Operating Income
72

534

98

704

 
 
 
 
 
 Equity in Earnings of Subsidiaries
401

—

(401
)
—

 Interest (Expense) / Benefit
(143
)
(10
)
10

(143
)
 Other Income / (Expense) - Net
1

7

(1
)
7

 
 
 
 
 
 Earnings Before Income Taxes
331

531

(294
)
568

 Income Tax (Expense) / Benefit
25

(198
)
(39
)
(212
)
 Net Earnings
$
356

$
333

$
(333
)
$
356

 
 
 
 
 
Total Comprehensive Earnings
$
363

$
332

$
(332
)
$
363

Summarized Consolidating Financial Data, continued
 Consolidating Balance Sheet
 (Dollars in millions)
March 31, 2017
 CSX Corporation
 CSX Transportation
 Eliminations and Other
 Consolidated
 
 
 
 
 
ASSETS
 Current Assets
 
 
 
 
 Cash and Cash Equivalents
$
648

$
272

$
10

$
930

 Short-term Investments
285

—

2

287

 Accounts Receivable - Net
2

198

743

943

 Receivable from Affiliates
1,122

2,397

(3,519
)
—

 Materials and Supplies
—

415

—

415

 Other Current Assets
—

74

11

85

   Total Current Assets
2,057

3,356

(2,753
)
2,660

 
 
 
 
 
 Properties
1

40,670

2,728

43,399

 Accumulated Depreciation
(1
)
(10,662
)
(1,477
)
(12,140
)
 Properties - Net
—

30,008

1,251

31,259

 
 
 
 
 
 Investments in Conrail
—

—

847

847

 Affiliates and Other Companies
(39
)
646

15

622

 Investments in Consolidated Subsidiaries
24,434

—

(24,434
)
—

 Other Long-term Assets
2

603

(281
)
324

   Total Assets
$
26,454

$
34,613

$
(25,355
)
$
35,712

 
 
 
 
 
LIABILITIES AND SHAREHOLDERS' EQUITY
 
 
 Current Liabilities
 
 
 
 
 Accounts Payable
$
171

$
698

$
29

$
898

 Labor and Fringe Benefits Payable
34

383

28

445

 Payable to Affiliates
3,478

475

(3,953
)
—

 Casualty, Environmental and Other Reserves
—

102

12

114

 Current Maturities of Long-term Debt
313

19

(1
)
331

 Income and Other Taxes Payable
(29
)
310

21

302

 Other Current Liabilities
—

178

9

187

   Total Current Liabilities
3,967

2,165

(3,855
)
2,277

 
 
 
 
 
 Casualty, Environmental and Other Reserves
—

203

49

252

 Long-term Debt
10,206

757

—

10,963

 Deferred Income Taxes - Net
(207
)
9,592

263

9,648

 Other Long-term Liabilities
832

396

(325
)
903

   Total Liabilities
$
14,798

$
13,113

$
(3,868
)
$
24,043

 
 
 
 
 
 Shareholders' Equity
 
 
 
 
 Common Stock, $1 Par Value
$
923

$
181

$
(181
)
$
923

 Other Capital
170

5,095

(5,095
)
170

 Retained Earnings
11,197

16,232

(16,232
)
11,197

 Accumulated Other Comprehensive Loss
(634
)
(21
)
21

(634
)
 Noncontrolling Interest
—

13

—

13

 Total Shareholders' Equity
$
11,656

$
21,500

$
(21,487
)
$
11,669

 Total Liabilities and Shareholders' Equity
$
26,454

$
34,613

$
(25,355
)
$
35,712

Summarized Consolidating Financial Data, continued
Consolidating Balance Sheet
(Dollars in millions)
December 30, 2016
 CSX Corporation
 CSX Transportation
Eliminations and Other
 Consolidated
ASSETS
 Current Assets
 
 
 
 
 Cash and Cash Equivalents
$
305

$
281

$
17

$
603

 Short-term Investments
415

—

2

417

 Accounts Receivable - Net
2

215

721

938

 Receivable from Affiliates
1,157

2,351

(3,508
)
—

 Materials and Supplies
—

407

—

407

 Other Current Assets
—

106

16

122

   Total Current Assets
1,879

3,360

(2,752
)
2,487

 
 
 
 
 
 Properties
1

40,518

2,708

43,227

 Accumulated Depreciation
(1
)
(10,634
)
(1,442
)
(12,077
)
 Properties - Net
—

29,884

1,266

31,150

 
 
 
 
 
 Investments in Conrail
—

—

840

840

 Affiliates and Other Companies
(39
)
643

15

619

 Investment in Consolidated Subsidiaries
24,179

—

(24,179
)
—

 Other Long-term Assets
2

607

(291
)
318

   Total Assets
$
26,021

$
34,494

$
(25,101
)
$
35,414

 
 
 
 
 
LIABILITIES AND SHAREHOLDERS' EQUITY
 
 
 Current Liabilities
 
 
 
 
 Accounts Payable
$
95

$
678

$
33

$
806

 Labor and Fringe Benefits Payable
40

440

65

545

 Payable to Affiliates
3,457

500

(3,957
)
—

 Casualty, Environmental and Other Reserves
—

102

13

115

 Current Maturities of Long-term Debt
313

19

(1
)
331

 Income and Other Taxes Payable
(346
)
459

16

129

 Other Current Liabilities
—

112

2

114

   Total Current Liabilities
3,559

2,310

(3,829
)
2,040

 
 
 
 
 
 Casualty, Environmental and Other Reserves
—

208

51

259

 Long-term Debt
10,203

759

—

10,962

 Deferred Income Taxes - Net
(203
)
9,541

258

9,596

 Other Long-term Liabilities
783

410

(330
)
863

   Total Liabilities
$
14,342

$
13,228

$
(3,850
)
$
23,720

 
 
 
 
 
 Shareholders' Equity
 
 
 
 
 Common Stock, $1 Par Value
$
928

$
181

$
(181
)
$
928

 Other Capital
138

5,095

(5,095
)
138

 Retained Earnings
11,253

15,994

(15,994
)
11,253

 Accumulated Other Comprehensive Loss
(640
)
(19
)
19

(640
)
 Noncontrolling Minority Interest
—

15

—

15

   Total Shareholders' Equity
$
11,679

$
21,266

$
(21,251
)
$
11,694

   Total Liabilities and Shareholders' Equity
$
26,021

$
34,494

$
(25,101
)
$
35,414

Summarized Consolidating Financial Data, continued
Consolidating Cash Flow Statements
(Dollars in millions)
Three Months 2017
CSX
Corporation
CSX
Transportation
Eliminations and Other
Consolidated
Operating Activities
 
 
 
 
Net Cash Provided by (Used in) Operating Activities
$
644

$
566

$
(167
)
$
1,043

Investing Activities
 

 
 
Property Additions
—

(397
)
(44
)
(441
)
Purchases of Short-term Investments
(75
)
—

—

(75
)
Proceeds from Sales of Short-term Investments
205

—

—

205

Other Investing Activities
(1
)
(24
)
50

25

Net Cash Provided by (Used in) Investing Activities
129

(421
)
6

(286
)
Financing Activities
 
 
 
 
Dividends Paid
(166
)
(150
)
150

(166
)
Shares Repurchased
(258
)
—

—

(258
)
Other Financing Activities
(6
)
(4
)
4

(6
)
Net Cash Provided by (Used in) Financing Activities
(430
)
(154
)
154

(430
)
Net Increase (Decrease) in Cash and Cash Equivalents
343

(9
)
(7
)
327

Cash and Cash Equivalents at Beginning of Period
305

281

17

603

Cash and Cash Equivalents at End of Period
$
648

$
272

$
10

$
930



NOTE 11.    Summarized Consolidating Financial Data, continued
Consolidating Cash Flow Statements
(Dollars in millions)
Three Months 2016
 CSX
Corporation
CSX
Transportation
Eliminations and Other
Consolidated
Operating Activities
 
 
 
 
Net Cash Provided by (Used in) Operating Activities
$
36

$
834

$
(116
)
$
754

Investing Activities
 
 
 
 
Property Additions
—

(391
)
(34
)
(425
)
Purchases of Short-term Investments
(235
)
—

—

(235
)
Proceeds from Sales of Short-term Investments
670

—

—

670

Other Investing Activities
(1
)
26

6

31

Net Cash Provided by (Used in) Investing Activities
434

(365
)
(28
)
41

Financing Activities
 
 
 
 
Dividends Paid
(173
)
(150
)
150

(173
)
Shares Repurchased
(249
)
—

—

(249
)
Other Financing Activities
1

(271
)
—

(270
)
Net Cash Provided by (Used in) Financing Activities
(421
)
(421
)
150

(692
)
Net Increase (Decrease) in Cash and Cash Equivalents
49

48

6

103

Cash and Cash Equivalents at Beginning of Period
444

175

9

628

Cash and Cash Equivalents at End of Period
$
493

$
223

$
15

$
731