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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
Current Assets:    
Cash and Cash Equivalents $ 612 $ 933
Short-term Investments (Note 9) 6 72
Accounts Receivable - Net (Note 8) 1,370 1,326
Materials and Supplies 414 414
Other Current Assets 109 75
Total Current Assets 2,511 2,820
Properties 53,864 52,191
Accumulated Depreciation (17,330) (16,533)
Properties - Net 36,534 35,658
Investment in Affiliates and Other Companies 2,598 2,520
Right-of-Use Lease Asset 470 487
Goodwill and Other Intangible Assets - Net (Note 12) 270 433
Other Long-term Assets 896 846
Total Assets 43,279 42,764
Current Liabilities:    
Accounts Payable 1,344 1,290
Labor and Fringe Benefits Payable 439 480
Casualty, Environmental and Other Reserves (Note 4) 159 149
Current Maturities of Long-term Debt (Note 7) 608 606
Income and Other Taxes Payable 164 508
Other Current Liabilities 252 243
Total Current Liabilities 2,966 3,276
Casualty, Environmental and Other Reserves (Note 4) 311 313
Long-term Debt (Note 7) 18,554 17,897
Deferred Income Taxes - Net 7,709 7,725
Long-term Lease Liability 481 486
Other Long-term Liabilities 500 560
Total Liabilities 30,521 30,257
Shareholders' Equity:    
Common Stock, $1 Par Value 1,862 1,900
Other Capital 920 846
Retained Earnings 10,191 9,988
Accumulated Other Comprehensive Loss (Note 10) (220) (232)
Non-controlling Minority Interest 5 5
Total Shareholders' Equity 12,758 12,507
Total Liabilities and Shareholders' Equity $ 43,279 $ 42,764