Revenue from Contracts with Customers

9 Months Ended

Sep. 30, 2020

Revenue from Contract with Customer [Abstract]

Revenue from Contract with Customer

Revenue from Contracts with Customers

The Company disaggregates revenue from contracts with customers based on the characteristics of the services provided and the types of products transported (in millions):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Consumer Products	$	1,885	$	1,973	$	5,221	$	5,878
Industrial Products	1,190		1,588		3,815		4,637
Agricultural Products	1,186		1,166		3,402		3,500
Coal	651		996		1,958		2,748
Total freight revenues	4,912		5,723		14,396		16,763
Non-rail logistics subsidiary	175		199		497		595
Accessorial and other	89		99		302		318
Total other revenues	264		298		799		913
Total operating revenues	$	5,176	$	6,021	$	15,195	$	17,676

Contract assets and liabilities are immaterial. Receivables from contracts with customers is a component of accounts receivable, net on the Consolidated Balance Sheets. As of September 30, 2020 and December 31, 2019, $1.0 billion and $1.1 billion, respectively, represented net receivables from contracts with customers.

Remaining performance obligations primarily consist of in-transit freight revenues, which will be recognized in the next reporting period. As of September 30, 2020 and December 31, 2019, remaining performance obligations were $211 million and $175 million, respectively.