Related Party Transactions

12 Months Ended

Dec. 31, 2021

The companies identified as affiliates of BNSF include Berkshire and its subsidiaries. During the years ended December 31, 2021, 2020 and 2019, the Company declared and paid cash distributions of $3.8 billion, $4.8 billion and $4.4 billion, respectively, to Berkshire. For the years ended December 31, 2021, 2020 and 2019, the Company received tax refunds of $47 million, $55 million and $1 million, respectively, from Berkshire, and made tax payments of $1.1 billion, $1.1 billion and $934 million, respectively, to Berkshire. As of December 31, 2021 and 2020, the Company had a payable to Berkshire of $124 million and $70 million, respectively.

BNSF engages in various transactions with related parties in the ordinary course of business. The following table summarizes revenues earned by BNSF for services provided to related parties and expenditures to related parties (in millions):


	Years ended December 31,
	2021		2020		2019
Revenues	$	106	$	119	$	158
Expenditures	$	385	$	367	$	386

BNSF owns 17.3 percent of TTX Company (TTX) while other North American railroads own the remaining interest. As BNSF possesses the ability to exercise significant influence, but not control, over the operating and financial policies of TTX, BNSF applies the equity method of accounting to its investment in TTX. The investment in TTX recorded under the equity method is recorded in other assets. Equity income or losses are recorded in materials and other in the Consolidated Statements of Income. North American railroads pay TTX car hire to use TTX’s freight equipment to serve their customers. BNSF’s car hire expenditures incurred with TTX are included in the table above. BNSF had $749 million and $703 million recognized as investments related to TTX in its Consolidated Balance Sheets as of December 31, 2021 and 2020, respectively.