Related Party Transactions

9 Months Ended

Sep. 30, 2015

The companies identified as affiliates of BNSF include Berkshire and its subsidiaries. During the nine months ended September 30, 2015 and 2014, the Company declared and paid cash distributions of $3 billion and $2.75 billion, respectively, to its parent company. For the nine months ended September 30, 2015 and 2014, the Company made tax payments of $863 million and $1,220 million to Berkshire, and received a tax refund of $160 million and $94 million from Berkshire, respectively.

BNSF engages in various transactions with affiliates in the ordinary course of business. The following tables summarize revenues earned by BNSF for services provided to affiliates and expenditures to affiliates (in millions):



	Three Months Ended September 30,
	2015		2014
Revenues	$	48	$	38
Expenditures	$	4	$	5



	Nine Months Ended September 30,
	2015		2014
Revenues	$	137	$	112
Expenditures	$	13	$	15

- 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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