Revenue from Contracts with Customers

6 Months Ended

Jun. 30, 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 June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Consumer Products	$	1,895	$	2,450	$	3,762	$	4,533
Agricultural Products	1,292		1,388		2,768		2,745
Industrial Products	1,447		1,458		2,827		2,755
Coal	936		999		1,965		1,888
Total freight revenues	5,570		6,295		11,322		11,921
Non-rail logistics subsidiary	124		186		255		377
Accessorial and other	134		159		270		310
Total other revenues	258		345		525		687
Total operating revenues	$	5,828	$	6,640	$	11,847	$	12,608

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 June 30, 2023 and December 31, 2022, $1.1 billion and $1.2 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 June 30, 2023 and December 31, 2022, remaining performance obligations were $260 million and $293 million, respectively.