Related Party Transactions

12 Months Ended

Dec. 31, 2014

The companies identified as affiliates of BNSF include Berkshire and its subsidiaries. For the years ended December 31, 2014, 2013 and 2012, the Company declared and paid distributions of $3.5 billion, $4 billion and $3.75 billion, respectively, to its parent company. For the years ended December 31, 2014, 2013 and 2012, the Company received tax refunds of $104 million, $8 million and $0 million, respectively, from Berkshire, and made cash payments of $1,253 million, $1,560 million and $1,033 million, respectively, for income taxes to Berkshire.

BNSF engages in various arm's-length transactions with affiliates in the ordinary course of business. The following table summarizes revenues earned by BNSF for services provided to affiliates and expenditures to affiliates (in millions):



	Year Ended		Year Ended		Year Ended
	December 31, 2014		December 31, 2013		December 31, 2012
Revenues	$	148	$	150	$	50
Expenditures	$	20	$	20	$	23

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

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