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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
OPERATING ACTIVITIES    
Net income $ 2,008 $ 1,640
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 985 1,038
Deferred income taxes 285 77
Long-term casualty and environmental liabilities, net (17) (21)
Other, net (24) (242)
Changes in current assets and liabilities:    
Accounts receivable, net 107 (23)
Materials and supplies (57) (31)
Other current assets (108) (97)
Accounts payable and other current liabilities 181 411
Net cash provided by operating activities 3,360 2,752
INVESTING ACTIVITIES    
Capital expenditures excluding equipment (1,952) (1,529)
Acquisition of equipment (522) (628)
Purchases of investments (123) 0
Other, net (79) (40)
Net cash used for investing activities (2,676) (2,197)
FINANCING ACTIVITIES    
Proceeds from issuance of long-term debt 2,000 1,500
Payments on long-term debt (321) (589)
Cash distributions (2,000) (1,750)
Other, net (19) (15)
Net cash provided by financing activities (340) (854)
Increase in cash and cash equivalents 344 (299)
Cash and cash equivalents:    
Beginning of period 2,384 2,225
End of period 2,728 1,926
SUPPLEMENTAL CASH FLOW INFORMATION    
Interest paid, net of amounts capitalized 460 425
Capital investments accrued but not yet paid 214 196
Income taxes paid, net of refunds $ 548 $ 496