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Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Income Statement [Abstract]        
Railway operating revenues $ 2,085 $ 2,925 $ 4,710 $ 5,765
Railway operating expenses:        
Compensation and benefits 586 712 1,208 1,439
Purchased services and rents 372 418 775 842
Fuel 84 254 273 504
Depreciation 282 284 574 567
Materials and other 151 192 317 382
Loss on asset disposal 0 0 (385) 0
Total railway operating expenses 1,475 1,860 3,532 3,734
Income from railway operations 610 1,065 1,178 2,031
Other income – net 49 22 71 66
Interest expense on debt 156 153 310 302
Income before income taxes 503 934 939 1,795
Income taxes 111 212 166 396
Net income $ 392 $ 722 $ 773 $ 1,399
Earnings per share:        
Basic (in dollars per share) $ 1.53 $ 2.72 $ 3.01 $ 5.25
Diluted (in dollars per share) $ 1.53 $ 2.70 $ 3.00 $ 5.21