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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Income Statement [Abstract]        
Railway operating revenues $ 2,506 $ 2,841 $ 7,216 $ 8,606
Railway operating expenses:        
Compensation and benefits 578 682 1,786 2,121
Purchased services and rents 486 423 1,261 1,265
Fuel 126 226 399 730
Depreciation 293 286 867 853
Materials and other 183 228 500 610
Loss on asset disposal 0 0 (385) 0
Total railway operating expenses 1,666 1,845 5,198 5,579
Income from railway operations 840 996 2,018 3,027
Other income – net 39 22 110 88
Interest expense on debt 155 150 465 452
Income before income taxes 724 868 1,663 2,663
Income taxes 155 211 321 607
Net income $ 569 $ 657 $ 1,342 $ 2,056
Earnings per share:        
Basic (in dollars per share) $ 2.23 $ 2.50 $ 5.24 $ 7.76
Diluted (in dollars per share) $ 2.22 $ 2.49 $ 5.21 $ 7.70