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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
OPERATING ACTIVITIES    
Net income $ 2,838 $ 2,576
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,756 1,584
Deferred income taxes 426 906
Long-term casualty and environmental liabilities, net (63) (33)
Other, net (133) (98)
Changes in current assets and liabilities:    
Accounts receivable, net (99) (75)
Materials and supplies 18 35
Other current assets 11 (288)
Accounts payable and other current liabilities 14 392
Net cash provided by operating activities 4,768 4,999
INVESTING ACTIVITIES    
Capital expenditures excluding equipment (2,107) (2,392)
Acquisition of equipment (280) (493)
Purchases of investments and investments in time deposits (9) (5)
Proceeds from sales of investments and maturities of time deposits 25 24
Other, net (204) (308)
Net cash used for investing activities (2,575) (3,174)
FINANCING ACTIVITIES    
Proceeds from issuance of long-term debt 1,250 750
Payments on long-term debt (710) (266)
Cash distributions (2,625) (1,750)
Other, net (20) (13)
Net cash used for financing activities (2,105) (1,279)
Increase (decrease) in cash and cash equivalents 88 546
Cash and cash equivalents:    
Beginning of period 3,218 2,329
End of period 3,306 2,875
SUPPLEMENTAL CASH FLOW INFORMATION    
Interest paid, net of amounts capitalized 833 804
Capital investments accrued but not yet paid 147 121
Income taxes paid, net of refunds $ 1,193 $ 297