XML 127 R42.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Related Parties and Affiliates (Tables)
 12 Months Ended
Dec. 31, 2019
Related Party Transactions [Abstract]  
Schedule of Future Payments Under Shared Asset Area Agreements Future payments due to Conrail under the shared asset area agreements are shown in the table below.

(Dollars in Millions)
Conrail Shared
Years
Asset Agreement
2020
$
29

2021
29

2022
29

2023
29

2024
22

Thereafter
—

Total
$
138
Schedule of Related Party in the Consolidated Income Statement Components
The following table discloses amounts related to Conrail. Purchase price amortization and equity earnings are included in equity earnings of affiliates and all other amounts in the table are included in materials, supplies and other expenses on the Company’s consolidated income statements.
 
Fiscal Years 
(Dollars in Millions)
2019
 
2018
 
2017
Rents, fees and services
$
119

 
$
117

 
$
120

Purchase price amortization and other
4

 
4

 
4

Equity earnings of Conrail
(42
)
 
(43
)
 
(58
)
Total Conrail Expense
$
81

 
$
78

 
$
66


As required by the Related Party Disclosures Topic in the ASC, the following table discloses amounts related to TTX. Car hire rents are included in equipment and other rents expense and equity earnings are included in equity earnings of affiliates in the Company’s consolidated income statements. Also included below is balance sheet information related to CSX's payable to TTX, which represents car rental liabilities.
 
Fiscal Years
(Dollars in Millions)
2019
 
2018
 
2017
Income statement information:
 
 
 
 
 
Car hire rents
$
223

 
$
223

 
$
237

Equity earnings of TTX
(56
)
 
(60
)
 
(157
)
Total TTX expense
$
167

 
$
163

 
$
80

 
 
 
 
 
 
Schedule of Related Party Consolidated Balance Sheet Components
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 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 in each 2019, 2018 and 2017.

 
December
 
December
(Dollars in Millions)
2019
 
2018
Balance Sheet Information:
 
 
 
CSX accounts payable to Conrail
$
213

 
$
153

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



 
December
 
December
 
Balance sheet information:
2019
 
2018
 
CSX payable to TTX
$
34

 
$
36