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Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
OPERATING ACTIVITIES    
Net income $ 701 $ 607
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 463 446
Deferred income taxes 137 196
Long-term casualty and environmental liabilities, net (46) (19)
Contributions to defined benefit pension plan (36) 0
Other, net (29) (64)
Changes in current assets and liabilities:    
Accounts receivable, net 47 (132)
Materials and supplies (97) (74)
Other current assets (76) (126)
Accounts payable and other current liabilities 15 (9)
Net cash provided by operating activities 1,079 825
INVESTING ACTIVITIES    
Capital expenditures excluding equipment (489) (444)
Acquisition of equipment (298) (63)
Other, net (169) (95)
Net cash used for investing activities (956) (602)
FINANCING ACTIVITIES    
Proceeds from issuance of long-term debt 1,250 0
Payments on long-term debt (46) (52)
Cash distributions (1,000) (1,000)
Other, net (11) 0
Net cash provided by (used for) by financing activities 193 (1,052)
Increase (decrease) in cash and cash equivalents 316 (829)
Cash and cash equivalents:    
Beginning of period 1,960 2,087
End of period 2,276 1,258
SUPPLEMENTAL CASH FLOW INFORMATION    
Interest paid, net of amounts capitalized 189 187
Capital investments accrued but not yet paid 118 100
Income taxes paid, net of refunds 28 1
Non-cash asset financing $ 0 $ 1