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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
OPERATING ACTIVITIES    
Net income $ 784 $ 1,045
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 520 496
Deferred income taxes 191 143
Long-term casualty and environmental liabilities, net (12) (11)
Other, net (62) (63)
Changes in current assets and liabilities:    
Accounts receivable, net 13 49
Materials and supplies (15) (25)
Other current assets (130) (82)
Accounts payable and other current liabilities 67 178
Net cash provided by operating activities 1,356 1,730
INVESTING ACTIVITIES    
Capital expenditures excluding equipment (676) (844)
Acquisition of equipment (204) (347)
Purchases of investments and investments in time deposits (1) (45)
Proceeds from sales of investments and maturities of time deposits 4 0
Other, net (240) (64)
Net cash used for investing activities (1,117) (1,300)
FINANCING ACTIVITIES    
Proceeds from issuance of long-term debt 0 1,500
Payments on long-term debt (212) (283)
Cash distributions (750) (1,000)
Other, net 0 (16)
Net cash (used for) provided by financing activities (962) 201
(Decrease) increase in cash and cash equivalents (723) 631
Cash and cash equivalents:    
Beginning of period 2,329 2,384
End of period 1,606 3,015
SUPPLEMENTAL CASH FLOW INFORMATION    
Interest paid, net of amounts capitalized 301 285
Capital investments accrued but not yet paid 108 166
Income taxes paid, net of refunds $ 15 $ 11