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CONSOLIDATED INCOME STATEMENTS (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Income Statement    
Revenue $ 3,413 $ 2,813
Expense    
Labor and Fringe 692 620
Purchased Services and Other [1] 675 472
Depreciation and Amortization 360 345
Fuel 331 190
Equipment and Other Rents 100 88
Gains on Property Dispositions (27) (3)
Total Expense 2,131 1,712
Operating Income 1,282 1,101
Interest Expense (179) (184)
Other Income - Net 26 20
Earnings Before Income Taxes 1,129 937
Income Tax Expense (270) (231)
Net Earnings $ 859 $ 706
Per Common Share    
Net Earnings Per Share, Basic (in dollars per share) $ 0.39 $ 0.31 [2]
Net Earnings Per Share, Assuming Dilution (in dollars per share) $ 0.39 $ 0.31 [2]
Average Shares Outstanding (in shares) 2,188 2,282 [2]
Average Shares Outstanding, Assuming Dilution (in shares) 2,193 2,286 [2]
[1] Beginning third quarter 2021, the Company changed the name of Materials, Supplies and Other expense to Purchased Services and Other, which better describes the composition of this expense amount. This change in naming convention does not impact previously reported results.
[2] All prior period share and per share data has been retroactively adjusted to reflect the stock split effective June 28, 2021. Certain prior year data has been reclassified to conform to the current presentation.