Revenues (Tables)

9 Months Ended

Sep. 30, 2025

Revenue from Contract with Customer [Abstract]

Schedule of Revenues Disaggregated by Lines of Business

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.

	Third Quarters				Nine Months
(Dollars in Millions)	2025		2024		2025		2024
Chemicals	$	697	$	727	$	2,096	$	2,142
Agricultural and Food Products	382		416		1,208		1,229
Automotive	306		301		897		930
Forest Products	247		259		746		790
Minerals	226		202		625		583
Metals and Equipment	224		208		657		658
Fertilizers	126		118		388		380
Total Merchandise	2,208		2,231		6,617		6,712
Intermodal	527		509		1,511		1,521
Coal	490		553		1,428		1,748
Trucking	207		214		620		650
Other	155		112		408		370
Total	$	3,587	$	3,619	$	10,584	$	11,001

Schedule of Accounts Receivable, Net

(Dollars in Millions)	September 30, 2025		December 31, 2024
Freight Receivables	$	1,024	$	1,012
Freight Allowance for Credit Losses	(19)		(16)
Freight Receivables - Net	1,005		996
Non-Freight Receivables	381		343
Non-Freight Allowance for Credit Losses	(16)		(13)
Non-Freight Receivables - Net	365		330
Total Accounts Receivable - Net	$	1,370	$	1,326