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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
OPERATING ACTIVITIES      
Net income $ 3,569 $ 4,248 $ 3,869
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 2,128 2,001 2,123
Deferred income taxes 998 1,148 941
Long-term casualty and environmental liabilities, net (35) (35) (43)
Other, net 27 (47) (310)
Changes in current assets and liabilities:      
Accounts receivable, net (74) 196 (88)
Materials and supplies 4 (34) 40
Other current assets (129) (4) (36)
Accounts payable and other current liabilities 437 (298) 85
Net cash provided by operating activities 6,925 7,175 6,581
INVESTING ACTIVITIES      
Capital expenditures excluding equipment (3,205) (4,425) (3,734)
Acquisition of equipment (614) (1,226) (1,509)
Purchases of Investments and investments in time deposits (8) (151) 0
Proceeds from sales of investments and maturities of time deposits 27 27 0
Partnership Investment 0 (36) 0
Other, net (181) (16) (6)
Net cash used for investing activities (3,981) (5,827) (5,249)
FINANCING ACTIVITIES      
Proceeds from issuance of long-term debt 750 3,000 3,000
Payments on long-term debt (292) (371) (641)
Cash distributions (2,500) (4,000) (3,500)
Other, net (13) (32) (32)
Net cash used for financing activities (2,055) (1,403) (1,173)
Increase/(decrease) in cash and cash equivalents 889 (55) 159
Cash and cash equivalents:      
Beginning of period 2,329 2,384 2,225
End of period 3,218 2,329 2,384
SUPPLEMENTAL CASH FLOW INFORMATION      
Interest paid, net of amounts capitalized 1,016 953 859
Capital investments accrued but not yet paid 305 421 293
Income taxes paid, net of refunds $ 752 $ 1,281 $ 1,366