Properties (Tables)

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

Schedule of Net Properties

Details of the Company’s net properties are as follows:

(Dollars in Millions)				Accumulated		Net Book		Annual Depreciation	Estimated Useful Life	Depreciation
December 2023		Cost		Depreciation		Value		Rate	(Avg. Years)	Method
Road
	Rail and Other Track Material	$	9,537	$	(1,978)	$	7,559	2.5%	41	Group Life
	Ties	7,020		(2,131)		4,889		3.5%	28	Group Life
	Grading	2,796		(668)		2,128		1.3%	75	Group Life
	Ballast	3,424		(1,119)		2,305		2.6%	38	Group Life
	Bridges, Trestles, and Culverts	3,121		(525)		2,596		1.7%	60	Group Life
	Signals and Interlockers	3,376		(1,351)		2,025		4.1%	24	Group Life
	Buildings	1,530		(608)		922		2.5%	40	Group Life/ Straight Line (a)
	Other	5,786		(2,546)		3,240		4.1%	25	Group Life/ Straight Line (a)
Total Road		36,590		(10,926)		25,664
Equipment
	Locomotive	4,952		(1,981)		2,971		3.8%	26	Group Life
	Freight Cars	2,300		(378)		1,922		3.1%	32	Group Life
	Work Equipment and Other	3,391		(2,100)		1,291		8.9%	11	Group Life/ Straight Line (a)
Total Equipment		10,643		(4,459)		6,184
Land		2,272		—		2,272		N/A	N/A	N/A
Construction In Progress		815		—		815		N/A	N/A	N/A
Total Properties		$	50,320	$	(15,385)	$	34,935

(a) For depreciation method, certain asset categories contain intermodal terminals, trucking or technology-related assets, which are depreciated using the straight-line method.

NOTE 6.  Properties, continued

(Dollars in Millions)				Accumulated		Net Book		Annual Depreciation	Estimated Useful Life	Depreciation
December 2022		Cost		Depreciation		Value		Rate	(Avg. Years)	Method
Road
	Rail and Other Track Material	$	8,660	$	(1,405)	$	7,255	2.5%	41	Group Life
	Ties	6,763		(2,010)		4,753		3.5%	28	Group Life
	Grading	2,741		(637)		2,104		1.3%	75	Group Life
	Ballast	3,383		(1,130)		2,253		2.6%	38	Group Life
	Bridges, Trestles, and Culverts	2,989		(454)		2,535		1.7%	60	Group Life
	Signals and Interlockers	3,299		(1,210)		2,089		4.1%	24	Group Life
	Buildings	1,416		(558)		858		2.5%	40	Group Life/ Straight Line (a)
	Other	5,541		(2,323)		3,218		4.1%	25	Group Life/ Straight Line (a)
Total Road		34,792		(9,727)		25,065
Equipment
	Locomotive	4,848		(1,856)		2,992		3.8%	26	Group Life
	Freight Cars	2,316		(369)		1,947		3.1%	32	Group Life
	Work Equipment and Other	3,132		(1,911)		1,221		8.9%	11	Group Life/ Straight Line (a)
Total Equipment		10,296		(4,136)		6,160
Land		2,272		—		2,272		N/A	N/A	N/A
Construction In Progress		745		—		745		N/A	N/A	N/A
Total Properties		$	48,105	$	(13,863)	$	34,242

(a) For depreciation method, certain asset categories contain intermodal terminals, trucking or technology-related assets, which are depreciated using the straight-line method.

Disclosure of Long-Lived Assets Held-for-sale

	Years Ended
(Dollars in Millions)	2023		2022		2021
Gains	$	—	$	144	$	349
Proceeds	—		125		400