Related Party Transactions

12 Months Ended

Dec. 31, 2015

The companies identified as affiliates of BNSF include Berkshire and its subsidiaries. For the years ended December 31, 2015, 2014 and 2013, the Company declared and paid cash distributions of $4 billion, $3.5 billion and $4 billion, respectively, to its parent company. For the years ended December 31, 2015, 2014 and 2013, the Company received tax refunds of $167 million, $104 million and $8 million, respectively, from Berkshire, and made cash payments of $1,285 million, $1,253 million and $1,560 million, respectively, for income taxes to Berkshire.

BNSF engages in various transactions with related parties in the ordinary course of business. The following table summarizes revenues earned by BNSF for services provided to related parties and expenditures to related parties (in millions):



	Year Ended		Year Ended		Year Ended
	December 31, 2015		December 31, 2014		December 31, 2013
Revenues	$	178	$	148	$	150
Expenditures	$	298	$	297	$	272

- 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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