Revenue from Contracts with Customers

12 Months Ended

Dec. 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):

	Years ended December 31,
	2023		2022		2021
Consumer Products	$	7,879	$	9,234	$	8,256
Industrial Products	5,690		5,587		5,291
Agricultural Products	5,583		5,743		5,100
Coal	3,795		3,927		3,227
Total freight revenues	22,947		24,491		21,874
Non-rail logistics subsidiary	402		685		769
Accessorial and other	527		712		639
Total other revenues	929		1,397		1,408
Total operating revenues	$	23,876	$	25,888	$	23,282

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 December 31, 2023 and 2022, $1.2 billion represents 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 December 31, 2023 and 2022, remaining performance obligations were $248 million and $293 million, respectively.