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CONSOLIDATED INCOME STATEMENTS (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Income Statement        
Revenue $ 2,978 $ 3,129 $ 9,052 $ 9,107
Expense        
Labor and Fringe 638 695 1,958 2,060
Materials, Supplies and Other 415 474 1,348 1,425
Depreciation 338 334 1,005 986
Fuel 223 268 690 793
Equipment and Other Rents 104 89 307 302
Equity Earnings of Affiliates (27) (24) (67) (79)
Total Expense 1,691 1,836 5,241 5,487
Operating Income 1,287 1,293 3,811 3,620
Interest Expense (186) (162) (548) (468)
Other Income - Net 24 19 72 54
Earnings Before Income Taxes 1,125 1,150 3,335 3,206
Income Tax Expense (269) (256) (775) (740)
Net Earnings $ 856 $ 894 $ 2,560 $ 2,466
Per Common Share        
Net Earnings Per Share, Basic (in dollars per share) $ 1.08 $ 1.05 $ 3.19 $ 2.85
Net Earnings Per Share, Assuming Dilution (in dollars per share) $ 1.08 $ 1.05 $ 3.18 $ 2.83
Average Shares Outstanding (in shares) 790 850 803 866
Average Shares Outstanding, Assuming Dilution (in shares) 792 854 805 870