Revenue from Contracts with Customers

9 Months Ended

Sep. 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 September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Consumer Products	$	1,982	$	2,418	$	5,744	$	6,951
Agricultural Products	1,220		1,336		3,988		4,081
Industrial Products	1,458		1,468		4,285		4,223
Coal	932		1,101		2,897		2,989
Total freight revenues	5,592		6,323		16,914		18,244
Non-rail logistics subsidiary	128		163		383		540
Accessorial and other	127		207		397		517
Total other revenues	255		370		780		1,057
Total operating revenues	$	5,847	$	6,693	$	17,694	$	19,301

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, 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 September 30, 2023 and December 31, 2022, remaining performance obligations were $249 million and $293 million, respectively.