Stock Plans and Share-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2023

Share-Based Payment Arrangement [Abstract]

Schedule of Pre-tax Expense and Income Tax Benefits Associated with Share-Based Compensation

Total pre-tax expense and income tax benefits associated with share-based compensation are shown in the table below. Income tax benefits include impacts from option exercises and the vesting of other equity awards.

	Second Quarters				Six Months
(Dollars in millions)	2023		2022		2023		2022
Share-Based Compensation Expense:
Performance Units	$	6	$	6	$	9	$	26
Restricted Stock Units	5		3		9		9
Stock Options	3		3		6		10
Employee Stock Purchase Plan	3		1		4		2
Stock Awards for Directors	—		—		2		2
Total Share-Based Compensation Expense	$	17	$	13	$	30	$	49
Income Tax Benefit	$	3	$	3	$	7	$	12

Disclosure of Share-Based Compensation Arrangements by Share-Based Payment Award

In February 2023, the Company granted the following awards under a new long-term incentive plan ("LTIP") for the years 2023 through 2025, which was adopted under the CSX 2019 Stock and Incentive Award Plan.

	Granted (in Thousands)	Weighted Avg. Fair Value
Performance Units	680	$	32.77
Restricted Stock Units	648	31.67
Stock Options	1,067	9.86