Property and Equipment (including Concession Assets)

12 Months Ended

Dec. 31, 2020

Property, Plant and Equipment [Abstract]

Property and Equipment (including Concession Assets)

The following tables list the major categories of property and equipment, including Concession assets, as well as the weighted-average composite depreciation rate for each category (in millions):


As of December 31, 2020	Cost		Accumulated Depreciation		Net Book Value		Depreciation Rates for 2020
Land	$	227.5	$	—	$	227.5	N/A
Concession land rights	141.1		(30.8)		110.3		1.0	%
Rail and other track material	2,147.5		(389.8)		1,757.7		1.8-3.2%
Ties	1,753.5		(420.2)		1,333.3		1.4-5.0%
Grading	998.5		(190.0)		808.5		1.0	%
Bridges and tunnels	858.5		(171.3)		687.2		1.3	%
Ballast	867.4		(245.3)		622.1		2.2-4.7%
Other (a)	1,549.0		(477.6)		1,071.4		2.7	%
Total road property	8,174.4		(1,894.2)		6,280.2		2.6	%
Locomotives	1,713.6		(478.7)		1,234.9		4.8	%
Freight cars	970.4		(210.6)		759.8		2.2	%
Other equipment	80.6		(36.6)		44.0		4.5	%
Total equipment	2,764.6		(725.9)		2,038.7		3.9	%
Technology and other	372.6		(253.4)		119.2		18.7	%
Construction in progress	221.9		—		221.9		N/A
Total property and equipment (including Concession assets)	$	11,902.1	$	(2,904.3)	$	8,997.8	N/A

_____________

(a)Other includes signals, buildings and other road assets.


As of December 31, 2019	Cost		Accumulated Depreciation		Net Book Value		Depreciation Rates for 2019
Land	$	224.9	$	—	$	224.9	N/A
Concession land rights	141.1		(29.4)		111.7		1.0	%
Rail and other track material	2,122.9		(373.3)		1,749.6		1.8-3.2%
Ties	1,738.4		(405.7)		1,332.7		1.4-5.0%
Grading	991.5		(179.4)		812.1		1.1	%
Bridges and tunnels	823.8		(163.0)		660.8		1.2	%
Ballast	835.6		(236.4)		599.2		2.2-4.7%
Other (a)	1,449.9		(438.5)		1,011.4		3.0	%
Total road property	7,962.1		(1,796.3)		6,165.8		2.8	%
Locomotives	1,593.9		(429.7)		1,164.2		5.2	%
Freight cars	980.8		(196.6)		784.2		2.4	%
Other equipment	77.9		(30.4)		47.5		4.5	%
Total equipment	2,652.6		(656.7)		1,995.9		4.1	%
Technology and other	345.1		(207.3)		137.8		16.3	%
Construction in progress	170.2		—		170.2		N/A
Total property and equipment (including Concession assets)	$	11,496.0	$	(2,689.7)	$	8,806.3	N/A

_____________

(a)Other includes signals, buildings and other road assets.

Concession assets, net of accumulated amortization of $709.7 million and $678.1 million, totaled $2,383.5 million and $2,335.5 million at December 31, 2020 and 2019, respectively.

Depreciation and amortization of property and equipment (including Concession assets) totaled $357.9 million, $350.7 million and $346.7 million, for 2020, 2019, and 2018, respectively.

In the fourth quarter of 2020, $13.6 million of expense was recognized related to costs previously capitalized for the development of internal-use software. The development of the software was cancelled prior to completion and had no further use. The expense was recognized in write-off of software development costs in the consolidated statements of income.