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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating Activities      
Net income $ 5,990 $ 5,161 $ 5,481
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 2,456 2,476 2,403
Deferred income taxes 446 289 553
Long-term casualty and environmental liabilities, net 9 (19) (49)
Other, net (2,644) (108) (351)
Changes in current assets and liabilities:      
Accounts receivable, net (73) 122 134
Materials and supplies (61) (14) 4
Other current assets 50 20 (110)
Accounts payable and other current liabilities 336 (27) 122
Net cash provided by operating activities 6,509 7,900 8,187
Investing Activities      
Capital expenditures excluding equipment (2,735) (2,819) (3,193)
Acquisition of equipment (174) (244) (415)
Purchases of investments and investments in time deposits 0 0 (6)
Proceeds from sales of investments and maturities of time deposits 1 32 42
Other, net (17) (32) (170)
Net cash used for investing activities (2,925) (3,063) (3,742)
Financing Activities      
Proceeds from issuance of long-term debt 1,550 575 825
Payments on long-term debt and finance leases (1,543) (570) (833)
Cash distributions (3,800) (4,830) (4,425)
Other, net (19) (10) (13)
Net cash used for financing activities (3,812) (4,835) (4,446)
Increase (decrease) in cash and cash equivalents (228) 2 (1)
Cash and cash equivalents:      
Beginning of period 1,986 1,984 1,985
End of period 1,758 1,986 1,984
Supplemental Cash Flow Information      
Interest paid, net of amounts capitalized 1,032 1,045 1,064
Capital investments accrued but not yet paid 238 156 245
Income taxes paid, net of refunds 1,386 1,278 1,196
Non-cash asset financing $ 16 $ 19 $ 11