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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
OPERATING ACTIVITIES      
Net income $ 4,248 $ 3,869 $ 3,793
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 2,001 2,123 1,973
Deferred income taxes 1,148 941 583
Long-term casualty and environmental liabilities, net (35) (43) (98)
Contributions to qualified pension plan 0 0 (25)
Other, net (47) (310) (88)
Changes in current assets and liabilities:      
Accounts receivable, net 196 (88) (130)
Materials and supplies (34) 40 (35)
Other current assets (4) (36) (6)
Accounts payable and other current liabilities (298) 85 (205)
Net cash provided by operating activities 7,175 6,581 5,762
INVESTING ACTIVITIES      
Capital expenditures excluding equipment (4,425) (3,734) (2,975)
Acquisition of equipment (1,226) (1,509) (943)
Purchases of Investments and investments in time deposits (151) 0 0
Proceeds from sales of investments and maturities of time deposits 27 0 0
Partnership Investment (36) 0 0
Other, net (16) (6) 55
Net cash used for investing activities (5,827) (5,249) (3,863)
FINANCING ACTIVITIES      
Proceeds from issuance of long-term debt 3,000 3,000 3,000
Payments on long-term debt (371) (641) (440)
Cash distributions (4,000) (3,500) (4,000)
Other, net (32) (32) (28)
Net cash used for financing activities (1,403) (1,173) (1,468)
Increase/(decrease) in cash and cash equivalents (55) 159 431
Cash and cash equivalents:      
Beginning of period 2,384 2,225 1,794
End of period 2,329 2,384 2,225
SUPPLEMENTAL CASH FLOW INFORMATION      
Interest paid, net of amounts capitalized 953 859 772
Capital investments accrued but not yet paid 421 293 224
Income taxes paid, net of refunds $ 1,281 $ 1,366 $ 1,752