Revenue from Contracts with Customers

9 Months Ended

Sep. 30, 2022

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,
	2022		2021		2022		2021
Consumer Products	$	2,418	$	2,097	$	6,951	$	6,070
Agricultural Products	1,336		1,063		4,081		3,643
Industrial Products	1,468		1,371		4,223		3,949
Coal	1,101		867		2,989		2,320
Total freight revenues	6,323		5,398		18,244		15,982
Non-rail logistics subsidiary	163		199		540		579
Accessorial and other	207		193		517		439
Total other revenues	370		392		1,057		1,018
Total operating revenues	$	6,693	$	5,790	$	19,301	$	17,000

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, 2022 and December 31, 2021, $1.3 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, 2022 and December 31, 2021, remaining performance obligations were $301 million and $274 million, respectively.