Revenue from Contracts with Customers

3 Months Ended

Mar. 31, 2023

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 March 31,
	2023		2022
Consumer Products	$	1,867	$	2,084
Agricultural Products	1,476		1,356
Industrial Products	1,380		1,297
Coal	1,029		889
Total freight revenues	5,752		5,626
Non-rail logistics subsidiary	131		191
Accessorial and other	136		151
Total other revenues	267		342
Total operating revenues	$	6,019	$	5,968

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 both March 31, 2023 and December 31, 2022, $1.2 billion 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 March 31, 2023 and December 31, 2022, remaining performance obligations were $310 million and $293 million, respectively.