Investment in Affiliates and Related-Party Transactions (Tables)

12 Months Ended

Dec. 31, 2021

Schedule of Equity-method Investments in Affiliates

CSX's investments in affiliates are included on the consolidated balance sheet as investments in affiliates and other companies.


	December		December
(Dollars in Millions)	2021		2020
Equity-method investments:
Conrail	$	1,083	$	1,025
TTX	849		796
Other	167		164
Total	$	2,099	$	1,985

Schedule of Future Payments Under Shared Asset Area Agreements

The following table presents information about the amount, timing and uncertainty of cash flows arising from all of the Company’s operating leases as of December 31, 2021.


(Dollars in Millions)	December 2021
Maturity of Lease Liabilities	Lease Payments
2022	$	66
2023	55
2024	45
2025	40
2026	31
Thereafter	1,153
Total undiscounted operating lease payments	$	1,390
Less: Imputed interest	(848)
Present value of operating lease liabilities	$	542

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
2022	$	31
2023	31
2024	23
2025	—
2026	—
Thereafter	—
Total	$	85

The following table discloses amounts related to Conrail. All amounts in the table below are included in purchased services and other expenses on the Company’s consolidated income statements.


	Fiscal Years
(Dollars in Millions)	2021		2020		2019

Rents, fees and services	$	128	$	126	$	119
Purchase price amortization and other	4		4		4
Equity earnings of Conrail	(44)		(49)		(42)
Total Conrail Expense	$	88	$	81	$	81

As required by the Related Party Disclosures Topic in the ASC, the following table discloses amounts related to TTX. Car hire rents and equity earnings are included in equipment and other rents expense on the Company’s consolidated income statement.


	Fiscal Years
(Dollars in Millions)	2021		2020		2019
Income statement information:
Car hire rents	$	221	$	219	$	223
Equity earnings of TTX	(52)		(51)		(56)
Total TTX expense	$	169	$	168	$	167

As required by the Related Party Disclosures Topic in the ASC, the Company has disclosed 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. In December 2020, the Company completed a non-cash conversion of its existing payable balance of approximately $217 million and $224 million, 2.89% notes due 2044 into new notes. The new notes for operation of the shared asset area are $441 million, 1.31% notes due 2050. Interest expense from these promissory notes was $6 million in each 2021, 2020 and 2019.


	December		December
(Dollars in Millions)	2021		2020
Balance Sheet Information:
CSX accounts payable to Conrail	$	100	$	50
Promissory notes payable to Conrail subsidiary
1.31% CSX Promissory Note due December 2050	73		73
1.31% CSXT Promissory Note due December 2050	368		368

Also included below is balance sheet information related to CSX's payable to TTX, which represents car rental liabilities.


	December		December
Balance sheet information:	2021		2020
CSX payable to TTX	$	35	$	40