Revenue from Contracts with Customers

3 Months Ended

Mar. 31, 2024

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,
	2024		2023
Consumer Products	$	1,970	$	1,867
Agricultural Products	1,432		1,476
Industrial Products	1,360		1,380
Coal	765		1,029
Total freight revenues	5,527		5,752
Non-rail logistics subsidiary	16		131
Accessorial and other	117		136
Total other revenues	133		267
Total operating revenues	$	5,660	$	6,019

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, 2024 and December 31, 2023, $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, 2024 and December 31, 2023, remaining performance obligations were $232 million and $248 million, respectively.