Property and Equipment, Net

12 Months Ended

Dec. 31, 2024

Property and equipment, net (in millions), and the corresponding ranges of estimated useful lives were as follows:


	December 31, 2024		December 31, 2023		Range of Estimated Useful Life
Land for transportation purposes	$	7,108	$	7,068	—
Track structure	32,047		30,366		15 – 55 years
Other roadway a	34,938		34,257		10 – 100 years
Locomotives	9,995		10,627		8 – 38 years
Freight cars and other equipment	3,983		3,927		8 – 45 years
Computer hardware, software and other	1,788		1,703		6 – 15 years
Construction in progress	1,813		1,715		—
Total cost	91,672		89,663
Less accumulated depreciation and amortization	(20,411)		(19,464)
Property and equipment, net	$	71,261	$	70,199
a Other roadway includes grading, bridges, signals, buildings and other road assets.

The Consolidated Balance Sheets as of December 31, 2024 and 2023 included $1.3 billion and $1.2 billion, respectively, of capitalized right-of-use fixed assets and related accumulated amortization of $475 million and $449 million, respectively, under other assets.

The Company capitalized $37 million, $39 million and $28 million of interest for the years ended December 31, 2024, 2023 and 2022, respectively.