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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
OPERATING ACTIVITIES    
Net income $ 3,847 $ 2,838
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,726 1,756
Deferred income taxes 279 426
Long-term casualty and environmental liabilities, net (24) (63)
Other, net (106) (133)
Changes in current assets and liabilities:    
Accounts receivable, net (125) (99)
Materials and supplies (23) 18
Other current assets (55) 11
Accounts payable and other current liabilities 424 14
Net cash provided by operating activities 5,943 4,768
INVESTING ACTIVITIES    
Capital expenditures excluding equipment (2,022) (2,107)
Acquisition of equipment (134) (280)
Purchases of investments and investments in time deposits (23) (9)
Proceeds from sales of investments and maturities of time deposits 37 25
Other, net (114) (204)
Net cash used for investing activities (2,256) (2,575)
FINANCING ACTIVITIES    
Proceeds from issuance of long-term debt 1,500 1,250
Payments on long-term debt (711) (710)
Cash distributions (4,150) (2,625)
Other, net (21) (20)
Net cash used for financing activities (3,382) (2,105)
Increase in cash and cash equivalents 305 88
Cash and cash equivalents:    
Beginning of period 1,975 3,218
End of period 2,280 3,306
SUPPLEMENTAL CASH FLOW INFORMATION    
Interest paid, net of amounts capitalized 819 833
Capital investments accrued but not yet paid 166 147
Income taxes paid, net of refunds 540 1,193
Non-cash asset financing $ 4 $ 0