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Revenues
3 Months Ended
Mar. 31, 2025
Revenue from Contract with Customer [Abstract]  
Revenues Revenues
The Company’s revenues are primarily derived from the transportation of freight as performance obligations that arise from its contracts with customers are satisfied. The below table presents the Company’s revenues disaggregated by market as this best depicts how the nature, amount, timing and uncertainty of revenue and cash flows are affected by economic factors. Fuel surcharge revenue is included in the individual markets.

First Quarters
(Dollars in Millions)
20252024
Chemicals$698 $693 
Agricultural and Food Products408 407 
Automotive271 293 
Forest Products249 262 
Metals and Equipment209 220 
Minerals181 174 
Fertilizers136 136 
Total Merchandise2,152 2,185 
Intermodal493 506 
Coal461 632 
Trucking202 215 
Other115 143 
Total$3,423 $3,681 

The Company’s accounts receivable - net consists of freight and non-freight receivables, reduced by an allowance for credit losses. Freight receivables include amounts earned, billed and unbilled, and currently due from customers for transportation-related services. Non-freight receivables include amounts billed and unbilled and currently due related to government reimbursement receivables and other non-revenue receivables.
(Dollars in Millions)
March 31,
2025
December 31,
2024
Freight Receivables $1,030 $1,012 
Freight Allowance for Credit Losses(19)(16)
Freight Receivables - Net1,011 996 
Non-Freight Receivables 353 343 
Non-Freight Allowance for Credit Losses(16)(13)
Non-Freight Receivables - Net 337 330 
Total Accounts Receivable - Net$1,348 $1,326 

The Company maintains an allowance for credit losses to provide for the estimated amount of receivables that will not be collected. The allowance is based upon an assessment of risk characteristics, historical payment experience, and the age of outstanding receivables adjusted for forward-looking economic conditions as necessary. Credit losses recognized on the Company’s accounts receivable were not material in the first quarters 2025 or 2024.