1.0.0.3
false
Hedging Activities (Unaudited)
false
1
$
false
false
USD
Standard
http://www.xbrl.org/2003/iso4217
USD
iso4217
0
USDEPS
Divide
http://www.xbrl.org/2003/iso4217
USD
iso4217
http://www.xbrl.org/2003/instance
shares
xbrli
0
2
0
us-gaap_GeneralDiscussionOfDerivativeInstrumentsAndHedgingActivitiesAbstract
us-gaap
true
na
duration
string
No definition available.
false
false
false
false
false
true
false
false
false
|
1
false
false
0
0
false
false
|
No definition available.
false
3
1
us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock
us-gaap
true
na
duration
string
No definition available.
false
false
false
false
false
false
false
false
false
|
1
false
false
0
0
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" -->
<!-- Begin Block Tagged Note 2 - us-gaap:DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock-->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="justify" style="font-size: 10pt; margin-top: 10pt"><b>2.</b>   <b>Hedging Activities</b>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          The Company uses derivative financial instruments to hedge against increases in diesel fuel
prices and interest rates as well as to convert a portion of its fixed-rate long-term debt to
floating-rate debt. The Company does not hold or issue derivative financial instruments for trading
or speculative purposes. The Company formally documents the relationship between the hedging
instrument and the hedged item, as well as the risk management objective and strategy for the use
of the hedging instrument. This documentation includes linking the derivatives that are designated
as fair value or cash flow hedges to specific assets or liabilities on the balance sheet,
commitments or forecasted transactions. The Company assesses at the time a derivative contract is
entered into, and at least quarterly thereafter, whether the derivative item is effective in
offsetting the changes in fair value or cash flows. Any change in fair value resulting from
ineffectiveness, as defined by authoritative accounting guidance related to derivatives and
hedging<i>, </i>is recognized in current period earnings. For derivative instruments that are designated
and qualify as cash flow hedges, the effective portion of the gain or loss on the derivative
instrument is recorded in accumulated other comprehensive loss (AOCL) as a separate component of
stockholders’ equity and reclassified into earnings in the period during which the hedge
transaction affects earnings. Cash flows related to fuel and interest rate derivatives are
classified as operating activities in the Consolidated Statements of Cash Flows.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          BNSF monitors its hedging positions and credit ratings of its counterparties and does not
anticipate any losses due to counterparty nonperformance. All counterparties were financial
institutions with credit ratings of A2/A or higher as of September 30, 2009. The maximum amount of
loss the Company could incur from credit risk based on the gross fair value of derivative
instruments in asset positions as of September 30, 2009 and December 31, 2008, was $63 million and
$77 million, respectively. Other than as disclosed under the heading “Fuel; Total Fuel-Hedging
Activities,” the Company’s hedge agreements do not include provisions requiring collateral. Certain
of the Company’s hedge instruments are covered by master netting arrangements whereby, in the event
of a default, the non-defaulting party has the right to setoff any amounts payable against any
obligation of the defaulting party under the same counterparty agreement. As such, the Company’s
net asset exposure to counterparty credit risk was $51 million and $53 million as of September 30,
2009 and December 31, 2008, respectively.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          Additional disclosure related to derivative instruments is included in Note 9 to the
Consolidated Financial Statements.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 12pt">          The amounts recorded in the Consolidated Balance Sheets for derivative transactions were as
follows (in millions). These amounts exclude $8 million and $106 million of collateral posted for
certain fuel hedge contracts as of September 30, 2009 and December 31, 2008, respectively.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          
<div style="width: 100%; border-bottom: 1px solid #000000; font-size: 1px; margin-right: 4px"> 
</div>
</div>
<div align="left">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom" style="font-size: 1pt">
<td width="80%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 9pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>September 30,</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>December 31,</b></td>
<td> </td>
</tr>
<tr style="font-size: 9pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2008</b></td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Short-term hedge asset
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">6</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">5</td>
<td style="background: #fffff"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Long-term hedge asset
</div></td>
<td> </td>
<td> </td>
<td align="right">47</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">72</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Short-term hedge liability
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(79</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(387</td>
<td nowrap="nowrap" style="background: #fffff">)</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Long-term hedge liability
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(45</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(193</td>
<td nowrap="nowrap" style="background: #fffff">)</td>
</tr>
<tr style="font-size: 1px">
<td colspan="4" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Total derivatives
</div></td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(71</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(503</td>
<td nowrap="nowrap" style="background: #fffff">)</td>
</tr>
<tr style="font-size: 1px">
<td align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" style="border-top: 2px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" style="border-top: 2px solid #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="center" style="font-size: 10pt; margin-top: 0pt">
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="center" style="font-size: 10pt; margin-top: 0pt">
<b>
</b>
</div>
<div align="center" style="font-size: 10pt; margin-top: 0pt">
<b>
</b>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 12pt">          The tables below contain summaries of all derivative positions reported in the
Consolidated Financial Statements, presented gross of any master netting arrangements (in
millions).
</div>
<div align="left">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="20%"> </td>
<td width="2%"> </td>
<td width="1%"> </td>
<td width="25%"> </td>
<td width="1%"> </td>
<td width="20%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="20%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
</tr>
<tr style="font-size: 9pt" valign="bottom">
<td align="center" colspan="12" style="border-bottom: 1px solid #000000"> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td align="center" colspan="12" style="border-bottom: 1px solid #000000"><b>Fair Value of Derivative Instruments</b></td>
</tr>
<tr style="font-size: 12pt" valign="bottom">
<td align="center" colspan="12" style="border-bottom: 0px solid #000000"> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td align="center" colspan="12" style="border-bottom: 0px solid #000000"><b>Asset Derivatives</b><br />
<br style="font-size: 18pt" />
</td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2">                  <b>Balance Sheet</b>                  </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2">  <b>September 30,</b>  </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2">  <b>December 31,</b>  </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="3" style="border-bottom: 1px solid #000000"><b>Location</b></td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2008</b></td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:0px; text-indent:-0px">Derivatives designated
as hedging instruments
under ASC 815-20
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:0px; text-indent:-0px">Fuel Contracts
</div></td>
<td> </td>
<td colspan="3" align="left">Other current assets</td>
<td align="right">        $</td>
<td> </td>
<td align="right">4</td>
<td> </td>
<td align="center">        $</td>
<td> </td>
<td align="right">–</td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:0px; text-indent:-0px">Interest Rate Contracts
</div></td>
<td> </td>
<td colspan="3" align="left" nowrap="nowrap">Other current assets</td>
<td> </td>
<td> </td>
<td align="right">4</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:0px; text-indent:-0px">Fuel Contracts
</div></td>
<td> </td>
<td colspan="3" align="left">Other assets</td>
<td> </td>
<td> </td>
<td align="right">12</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">–</td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:0px; text-indent:-0px">Interest Rate Contracts
</div></td>
<td> </td>
<td colspan="3" align="left">Other assets</td>
<td> </td>
<td> </td>
<td align="right">41</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">72</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:0px; text-indent:-0px">Fuel Contracts
</div></td>
<td> </td>
<td colspan="3" align="left" nowrap="nowrap">Accounts payable and other current<br /> liabilities</td>
<td> </td>
<td> </td>
<td align="right">2</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">–</td>
</tr>
<tr style="font-size: 1px">
<td colspan="8" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:0px; text-indent:-0px">Total Asset
Derivatives designated
as hedging instruments
under ASC 815-20
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">        $</td>
<td> </td>
<td align="right">63</td>
<td> </td>
<td align="right">        $</td>
<td> </td>
<td align="right">77</td>
</tr>
<tr style="font-size: 1px">
<td colspan="5" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 2px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 2px solid #000000"> </td>
</tr>
<!-- End Table Body -->
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="70%"> </td>
<td width="2%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="2%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td align="center" colspan="12" style="border-bottom: 0px solid #000000"><b>Liability Derivatives</b><br />
<br style="font-size: 18pt" />
</td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2">                          <b>Balance Sheet</b>                          </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>September 30,</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>December 31,</b></td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="3" style="border-bottom: 1px solid #000000"><b>Location</b></td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2008</b></td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:0px; text-indent:-0px">Derivatives designated
as hedging instruments
under ASC 815-20
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="line-height: 1pt"><!-- Blank Space -->
<td>
<div style="margin-left:0px; text-indent:-0px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:0px; text-indent:-0px">Fuel Contracts
</div></td>
<td> </td>
<td colspan="3" align="left" nowrap="nowrap">Other current assets</td>
<td align="right">        $</td>
<td> </td>
<td align="right">2</td>
<td> </td>
<td align="right">        $</td>
<td> </td>
<td align="right">–</td>
</tr>
<tr valign="bottom" style="line-height: 1pt"><!-- Blank Space -->
<td>
<div style="margin-left:0px; text-indent:-0px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:0px; text-indent:-0px">Fuel Contracts
</div></td>
<td> </td>
<td colspan="3" align="left" nowrap="nowrap">Other assets</td>
<td> </td>
<td> </td>
<td align="right">6</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">–</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:0px; text-indent:-0px">Fuel Contracts
</div></td>
<td> </td>
<td colspan="3" align="left" nowrap="nowrap">Accounts payable and other current <br />
liabilities</td>
<td> </td>
<td> </td>
<td align="right">81</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">279</td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:0px; text-indent:-0px">Interest Rate Contracts
</div></td>
<td> </td>
<td colspan="3" align="left" nowrap="nowrap">Accounts payable and other<br /> current liabilities</td>
<td> </td>
<td> </td>
<td align="right">–</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">108</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:0px; text-indent:-0px">Fuel Contracts
</div></td>
<td> </td>
<td colspan="3" align="left">Other liabilities</td>
<td> </td>
<td> </td>
<td align="right">45</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">193</td>
</tr>
<tr style="font-size: 1px">
<td colspan="8" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:0px; text-indent:-0px">Total Liability
Derivatives designated
as hedging instruments
under ASC 815-20
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">        $</td>
<td> </td>
<td align="right">134</td>
<td> </td>
<td align="right">        $</td>
<td> </td>
<td align="right">580</td>
</tr>
<tr style="font-size: 1px">
<td colspan="5" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td colspan="2" align="right" style="border-top: 2px solid #000000"> </td>
<td> </td> <td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 2px solid #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="center" style="font-size: 10pt; margin-top: 0pt">
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="center" style="font-size: 10pt; margin-top: 0pt">
<b>
</b>
</div>
<div align="center" style="font-size: 10pt; margin-top: 0pt">
<b>
</b>
</div>
<div align="center" style="font-size: 10pt; margin-top: 18pt"><b>The Effect of Derivative Instruments Gains and Losses</b>
</div>
<div align="center" style="font-size: 10pt; margin-top: 0pt; border-bottom: 1px solid #000000"><b>for the Three Month Periods Ended September 30, 2009 and 2008</b>
</div>
<div align="left">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="50%">
<!-- Begin Table Head -->
<tr valign="bottom" style="font-size: 16pt">
<td width="28%"> </td>
<td width="1%"> </td>
<td width="22%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="11%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="11%"> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="center"><b>Derivatives in</b></td>
<td> </td>
<td nowrap="nowrap" align="center"><b>Location of</b></td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6"> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="center"><b>ASC 815-20</b></td>
<td> </td>
<td nowrap="nowrap" align="center"><b>Gain</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5"><b>Amount of Gain</b></td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="center"><b>Fair Value</b></td>
<td> </td>
<td nowrap="nowrap" align="center"><b>Recognized in</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5"><b>Recognized</b></td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="center"><b>Hedging</b></td>
<td> </td>
<td nowrap="nowrap" align="center"><b>Income on</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5"><b>in Income</b></td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="center" style="border-bottom: 1px solid #000000"><b>Relationships</b></td>
<td> </td>
<td nowrap="nowrap" align="center" style="border-bottom: 1px solid #000000"><b>Derivatives</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5" style="border-bottom: 1px solid #000000"><b>on Derivatives</b></td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="left" style="border-bottom: 0px solid #000000"> </td>
<td> </td>
<td nowrap="nowrap" align="center" style="border-bottom: 0px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="1" style="border-bottom: 1px solid #000000"><b>2009</b></td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="1" style="border-bottom: 1px solid #000000"><b>2008</b></td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:0px; text-indent:-0px">Interest Rate <br />Contracts
</div></td>
<td> </td>
<td align="left" valign="top">  Interest <br />  expense</td>
<td> </td>
<td align="right">$</td>
<td align="right">6</td>
<td> </td>
<td> </td>
<td align="right">$</td>
<td align="right">4</td>
</tr>
<tr style="font-size: 1px">
<td colspan="6" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="1" align="right" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:0px; text-indent:-0px">Total derivatives
</div></td>
<td> </td>
<td align="left" valign="top"> </td>
<td> </td>
<td align="right">$</td>
<td align="right">6</td>
<td> </td>
<td> </td>
<td align="right">$</td>
<td align="right">4</td>
</tr>
<tr style="font-size: 1px">
<td colspan="3" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="1" align="right" style="border-top: 2px solid #000000; border-top: 2px solid #000000"> </td>
<td style="border-top: 0px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="1" align="right" style="border-top: 2px solid #000000; border-top: 2px solid #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom" style="font-size: 16pt">
<td width="12%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="7%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="7%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5" style="border-bottom: 0px solid #000000"><b>Amount of Gain</b></td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5" style="border-bottom: 0px solid #000000"><b> or (Loss)</b></td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center"><b>Location of</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5"><b> </b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center"><b>Location of</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5"><b> Recognized in Income</b></td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center"><b>Gain or</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5"><b> </b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center"><b>Gain or</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5"><b>on Derivatives</b></td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="center"><b>Derivatives in</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5"><b>Amount of Gain or</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center"><b>(Loss)</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5"><b>Amount of Gain or</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center"><b>(Loss)</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5"><b>(Ineffective Portion</b></td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="center"><b>ASC 815-20</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5" style="border-bottom: 0px solid #000000"><b>(Loss) Recognized</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center"><b>Recognized</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5"><b>(Loss) Recognized</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center"><b>Recognized</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5"><b>and Amount</b></td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="center"><b>Cash Flow</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5" style="border-bottom: 0px solid #000000"><b>in OCI on</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center"><b>from</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5"><b>from AOCL</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center"><b>in Income</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5" style="border-bottom: 0px solid #000000"><b>Excluded from</b></td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="center"><b>Hedging</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5"><b>Derivatives</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center"><b>AOCL into</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5"><b>into Income</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center"><b>on</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5" style="border-bottom: 0px solid #000000"><b>Effectiveness</b></td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="center" style="border-bottom: 1px solid #000000"><b>Relationships</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5" style="border-bottom: 1px solid #000000"><b>(Effective Portion)</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" style="border-bottom: 1px solid #000000"><b>Income</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5" style="border-bottom: 1px solid #000000"><b>(Effective Portion)</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" style="border-bottom: 1px solid #000000"><b>Derivatives</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5" style="border-bottom: 1px solid #000000"><b>Testing)</b><sup style="font-size: 85%; vertical-align: text-top"><b>a</b></sup></td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="left" style="border-bottom: 0px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="1" style="border-bottom: 1px solid #000000"><b>2009</b></td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="1" style="border-bottom: 1px solid #000000"><b>2008</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" style="border-bottom: 0px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="1" style="border-bottom: 1px solid #000000"><b>2009</b></td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="1" style="border-bottom: 1px solid #000000"><b>2008</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" style="border-bottom: 0px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="1" style="border-bottom: 1px solid #000000"><b>2009</b></td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="1" style="border-bottom: 1px solid #000000"><b>2008</b></td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:0px; text-indent:0px">Fuel
<br />Contracts
</div></td>
<td> </td>
<td nowrap="nowrap" align="right">$</td>
<td align="right">(20)</td>
<td nowrap="nowrap"></td>
<td> </td>
<td nowrap="nowrap" align="right">$</td>
<td align="right">(136)</td>
<td nowrap="nowrap"></td>
<td> </td>
<td align="left" valign="top">Fuel <br />expense</td>
<td> </td>
<td nowrap="nowrap" align="right">$</td>
<td align="right">(38)</td>
<td nowrap="nowrap"></td>
<td> </td>
<td align="right">$</td>
<td align="right">17</td>
<td> </td>
<td> </td>
<td align="left" valign="top">Fuel <br />expense</td>
<td> </td>
<td align="right">$</td>
<td align="right">3</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right">$</td>
<td align="right">(6)</td>
<td style="background: #fffff" nowrap="nowrap"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:0px; text-indent:0px">Interest Rate
<br />Contracts
</div></td>
<td> </td>
<td> </td>
<td align="right">1</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">8</td>
<td> </td>
<td> </td>
<td align="left" valign="top">Interest expense</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1)</td>
<td nowrap="nowrap"></td>
<td> </td>
<td> </td>
<td align="right">–</td>
<td> </td>
<td> </td>
<td align="left" valign="top">Interest expense</td>
<td> </td>
<td> </td>
<td align="right">–</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">–</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="4" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="1" align="right" style="border-top: 1px solid #000000; border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td colspan="4" valign="top" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="1" align="right" style="border-top: 1px solid #000000; border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td colspan="4" valign="top" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="1" align="right" style="border-top: 1px solid #000000; border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:0px; text-indent:0px">Total derivatives
</div></td>
<td> </td>
<td nowrap="nowrap" align="right">$</td>
<td align="right">(19)</td>
<td nowrap="nowrap"></td>
<td> </td>
<td nowrap="nowrap" align="right">$</td>
<td align="right">(128)</td>
<td nowrap="nowrap"></td>
<td> </td>
<td align="left" valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right">$</td>
<td align="right">(39)</td>
<td nowrap="nowrap"></td>
<td> </td>
<td align="right">$</td>
<td align="right">17</td>
<td> </td>
<td> </td>
<td align="left" valign="top"> </td>
<td> </td>
<td align="right">$</td>
<td align="right">3</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right">$</td>
<td align="right">(6)</td>
<td style="background: #fffff" nowrap="nowrap"> </td>
</tr>
<tr style="font-size: 1px">
<td style="border-top: 1px solid #000000">
<div style="margin-left:0px; text-indent:-0px"> 
</div></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="1" align="right" style="border-top: 2px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="1" align="right" style="border-top: 2px solid #000000"> </td>
<td> </td>
<td> </td>
<td align="left" valign="top"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="1" align="right" style="border-top: 2px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="1" align="right" style="border-top: 2px solid #000000"> </td>
<td> </td>
<td> </td>
<td align="left" valign="top"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="1" align="right" style="border-top: 2px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="1" align="right" style="border-top: 2px solid #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="left" style="font-size: 10pt; margin-top: 10pt">a  No portion of the gain or (loss) was excluded from the assessment of hedge
effectiveness for the periods then ended.
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="center" style="font-size: 10pt; margin-top: 0pt">
<b>
</b>
</div>
<div align="center" style="font-size: 10pt; margin-top: 0pt">
<b>
</b>
</div>
<div align="center" style="font-size: 10pt; margin-top: 30pt"><b>The Effect of Derivative Instruments Gains and Losses</b><br />
<b>for the Nine Month Periods Ended September 30, 2009 and 2008</b><br />
<div style="width: 100%; border-bottom: 1px solid #000000; font-size: 1px"> 
</div>
</div>
<div align="left">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="50%">
<!-- Begin Table Head -->
<tr valign="bottom" style="font-size: 16pt">
<td width="28%"> </td>
<td width="1%"> </td>
<td width="22%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="11%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="11%"> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="center"><b>Derivatives in</b></td>
<td> </td>
<td nowrap="nowrap" align="center"><b>Location of</b></td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6"> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="center"><b>ASC 815-20</b></td>
<td> </td>
<td nowrap="nowrap" align="center"><b>Gain</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5"><b>Amount of Gain</b></td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="center"><b>Fair Value</b></td>
<td> </td>
<td nowrap="nowrap" align="center"><b>Recognized in</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5"><b>Recognized</b></td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="center"><b>Hedging</b></td>
<td> </td>
<td nowrap="nowrap" align="center"><b>Income on</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5"><b>in Income</b></td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="center" style="border-bottom: 1px solid #000000"><b>Relationships</b></td>
<td> </td>
<td nowrap="nowrap" align="center" style="border-bottom: 1px solid #000000"><b>Derivatives</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5" style="border-bottom: 1px solid #000000"><b>on Derivatives</b></td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="left" style="border-bottom: 0px solid #000000"> </td>
<td> </td>
<td nowrap="nowrap" align="center" style="border-bottom: 0px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="1" style="border-bottom: 1px solid #000000"><b>2009</b></td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="1" style="border-bottom: 1px solid #000000"><b>2008</b></td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:0px; text-indent:-0px">Interest Rate <br />Contracts
</div></td>
<td> </td>
<td align="left" valign="top">  Interest <br />  expense</td>
<td> </td>
<td align="right">$</td>
<td align="right">16</td>
<td> </td>
<td> </td>
<td align="right">$</td>
<td align="right">8</td>
</tr>
<tr style="font-size: 1px">
<td colspan="6" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="1" align="right" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:0px; text-indent:-0px">Total derivatives
</div></td>
<td> </td>
<td align="left" valign="top"> </td>
<td> </td>
<td align="right">$</td>
<td align="right">16</td>
<td> </td>
<td> </td>
<td align="right">$</td>
<td align="right">8</td>
</tr>
<tr style="font-size: 1px">
<td colspan="3" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="1" align="right" style="border-top: 2px solid #000000; border-top: 2px solid #000000"> </td>
<td style="border-top: 0px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="1" align="right" style="border-top: 2px solid #000000; border-top: 2px solid #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom" style="font-size: 16pt">
<td width="12%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="7%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="7%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5" style="border-bottom: 0px solid #000000"><b>Amount of Gain</b></td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5" style="border-bottom: 0px solid #000000"><b> or (Loss)</b></td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center"><b>Location of</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5"><b> </b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center"><b>Location of</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5"><b> Recognized in Income</b></td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center"><b>Gain or</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5"><b> </b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center"><b>Gain or</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5"><b>on Derivatives</b></td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="center"><b>Derivatives in</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5"><b>Amount of Gain or</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center"><b>(Loss)</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5"><b>Amount of Gain or</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center"><b>(Loss)</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5"><b>(Ineffective Portion</b></td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="center"><b>ASC 815-20</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5" style="border-bottom: 0px solid #000000"><b>(Loss) Recognized</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center"><b>Recognized</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5"><b>(Loss) Recognized</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center"><b>Recognized</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5"><b>and Amount</b></td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="center"><b>Cash Flow</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5" style="border-bottom: 0px solid #000000"><b>in OCI on</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center"><b>from</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5"><b>from AOCL</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center"><b>in Income</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5" style="border-bottom: 0px solid #000000"><b>Excluded from</b></td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="center"><b>Hedging</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5"><b>Derivatives</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center"><b>AOCL into</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5"><b>into Income</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center"><b>on</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5" style="border-bottom: 0px solid #000000"><b>Effectiveness</b></td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="center" style="border-bottom: 1px solid #000000"><b>Relationships</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5" style="border-bottom: 1px solid #000000"><b>(Effective Portion)</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" style="border-bottom: 1px solid #000000"><b>Income</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5" style="border-bottom: 1px solid #000000"><b>(Effective Portion)</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" style="border-bottom: 1px solid #000000"><b>Derivatives</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5" style="border-bottom: 1px solid #000000"><b>Testing)</b><sup style="font-size: 85%; vertical-align: text-top"><b>a</b></sup></td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="left" style="border-bottom: 0px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="1" style="border-bottom: 1px solid #000000"><b>2009</b></td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="1" style="border-bottom: 1px solid #000000"><b>2008</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" style="border-bottom: 0px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="1" style="border-bottom: 1px solid #000000"><b>2009</b></td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="1" style="border-bottom: 1px solid #000000"><b>2008</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" style="border-bottom: 0px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="1" style="border-bottom: 1px solid #000000"><b>2009</b></td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="1" style="border-bottom: 1px solid #000000"><b>2008</b></td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:0px; text-indent:0px">Fuel
<br />Contracts
</div></td>
<td> </td>
<td nowrap="nowrap" align="right">$</td>
<td align="right">152</td>
<td nowrap="nowrap"></td>
<td> </td>
<td nowrap="nowrap" align="right">$</td>
<td align="right">(16)</td>
<td nowrap="nowrap"></td>
<td> </td>
<td align="left" valign="top">Fuel <br />expense</td>
<td> </td>
<td nowrap="nowrap" align="right">$</td>
<td align="right">(204)</td>
<td nowrap="nowrap"></td>
<td> </td>
<td align="right">$</td>
<td align="right">50</td>
<td> </td>
<td> </td>
<td align="left" valign="top">Fuel <br />expense</td>
<td> </td>
<td align="right">$</td>
<td align="right">19</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right">$</td>
<td align="right">(6)</td>
<td style="background: #fffff" nowrap="nowrap"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:0px; text-indent:0px">Interest Rate
<br />Contracts
</div></td>
<td> </td>
<td> </td>
<td align="right">66</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">–</td>
<td> </td>
<td> </td>
<td align="left" valign="top">Interest expense</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1)</td>
<td nowrap="nowrap"></td>
<td> </td>
<td> </td>
<td align="right">–</td>
<td> </td>
<td> </td>
<td align="left" valign="top">Interest expense</td>
<td> </td>
<td> </td>
<td align="right">–</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">–</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="4" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="1" align="right" style="border-top: 1px solid #000000; border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td colspan="4" valign="top" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="1" align="right" style="border-top: 1px solid #000000; border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td colspan="4" valign="top" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="1" align="right" style="border-top: 1px solid #000000; border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:0px; text-indent:0px">Total derivatives
</div></td>
<td> </td>
<td nowrap="nowrap" align="right">$</td>
<td align="right">218</td>
<td nowrap="nowrap"></td>
<td> </td>
<td nowrap="nowrap" align="right">$</td>
<td align="right">(16)</td>
<td nowrap="nowrap"></td>
<td> </td>
<td align="left" valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right">$</td>
<td align="right">(205)</td>
<td nowrap="nowrap"></td>
<td> </td>
<td align="right">$</td>
<td align="right">50</td>
<td> </td>
<td> </td>
<td align="left" valign="top"> </td>
<td> </td>
<td align="right">$</td>
<td align="right">19</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right">$</td>
<td align="right">(6)</td>
<td style="background: #fffff" nowrap="nowrap"> </td>
</tr>
<tr style="font-size: 1px">
<td style="border-top: 1px solid #000000">
<div style="margin-left:0px; text-indent:-0px"> 
</div></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="1" align="right" style="border-top: 2px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="1" align="right" style="border-top: 2px solid #000000"> </td>
<td> </td>
<td> </td>
<td align="left" valign="top"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="1" align="right" style="border-top: 2px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="1" align="right" style="border-top: 2px solid #000000"> </td>
<td> </td>
<td> </td>
<td align="left" valign="top"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="1" align="right" style="border-top: 2px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="1" align="right" style="border-top: 2px solid #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="left">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="48%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="10%"> </td>
<td width="1%"> </td>
<td width="7%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="2%"> </td>
<td width="7%"> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="center"><b>Derivatives</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="7"> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="center"><b> Not</b></td>
<td> </td>
<td align="center"><b>Location of</b></td>
<td nowrap="nowrap" align="center" colspan="7"> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="center"><b>Designated as</b></td>
<td> </td>
<td nowrap="nowrap" align="center"><b>(Loss)</b></td>
<td nowrap="nowrap" align="center" colspan="7"> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="center"><b>Hedging</b></td>
<td> </td>
<td nowrap="nowrap" align="center"><b>Recognized </b></td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5"><b>Amount of (Loss)</b></td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="center"><b>Instruments</b></td>
<td> </td>
<td nowrap="nowrap" align="center"><b>in</b></td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5"><b>Recognized</b></td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="center"><b>under</b></td>
<td> </td>
<td nowrap="nowrap" align="center"><b>Income on</b></td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5"><b>in Income</b></td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="center" style="border-bottom: 1px solid #000000"><b>ASC 815-20</b></td>
<td> </td>
<td nowrap="nowrap" align="center" style="border-bottom: 1px solid #000000"><b>Derivatives</b></td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5" style="border-bottom: 1px solid #000000"><b>on Derivatives</b></td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="3" style="border-bottom: 1px solid #000000"><b>2009</b></td>
<td> </td>
<td nowrap="nowrap" align="center" style="border-bottom: 1px solid #000000"><b>2008</b></td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td valign="top">
<div style="margin-left:0px; text-indent:-0px">Interest Rate Contracts
</div></td>
<td> </td>
<td>
<div style="text-align: justify">Interest expense
</div></td>
<td nowrap="nowrap" align="right" valign="bottom">$</td>
<td align="right" valign="bottom" colspan="3">(32)</td>
<td nowrap="nowrap" align="right" valign="bottom">$</td>
<td align="right" valign="bottom">–</td>
</tr>
<tr style="font-size: 1px">
<td valign="top" style="border-top: 1px solid #000000">
<div style="margin-left:0px; text-indent:-0px"> 
</div></td>
<td style="border-top: 1px solid #000000"> </td>
<td align="left" valign="top" style="border-top: 1px solid #000000"> 
</td>
<td style="border-top: 1px solid #000000"> </td>
<td colspan="3" align="right" valign="bottom" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td align="left" valign="bottom" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td valign="top">
<div style="text-align: justify">
<div style="margin-left:0px; text-indent:-0px">Total derivatives
</div>
</div></td>
<td> </td>
<td>
<div style="text-align: justify"> 
</div></td>
<td nowrap="nowrap" align="right" valign="bottom">$</td>
<td align="right" valign="bottom" colspan="3">(32)</td>
<td nowrap="nowrap" align="right" valign="bottom">$</td>
<td align="right" valign="bottom">–</td>
</tr>
<tr style="font-size: 1px">
<td valign="top" style="border-top: 1px solid #000000">
<div style="text-align: justify">
<div style="margin-left:0px; text-indent:-0px"> 
</div>
</div></td>
<td style="border-top: 1px solid #000000"> </td>
<td align="left" valign="top" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td colspan="3" align="right" valign="bottom" style="border-top: 2px solid #000000"> </td>
<td> </td>
<td align="left" valign="bottom" style="border-top: 2px solid #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">a  No portion of the gain or (loss) was excluded from the assessment of hedge
effectiveness for the periods then ended.
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="center" style="font-size: 10pt; margin-top: 0pt">
<b>
</b>
</div>
<div align="center" style="font-size: 10pt; margin-top: 0pt">
<b>
</b>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 30pt">          <u><b>Fuel</b></u>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          Fuel costs represented 22 percent and 34 percent of total operating expenses during the nine
month periods ended September 30, 2009 and 2008, respectively. Due to the significance of diesel
fuel expenses to the operations of BNSF and the historical volatility of fuel prices, the Company
has entered into hedges to partially mitigate the risk of fluctuations in the price of its diesel
fuel purchases. The fuel hedges include the use of derivatives that are accounted for as cash flow
hedges. The hedging is intended to protect the Company’s operating margins and overall
profitability from adverse fuel price changes by entering into fuel-hedge instruments based on
management’s evaluation of current and expected diesel fuel price trends. However, to the extent
the Company hedges portions of its fuel purchases, it may not realize the impact of decreases in
fuel prices. Conversely, to the extent the Company does not hedge portions of its fuel purchases,
it may be adversely affected by increases in fuel prices. Based on locomotive fuel consumption
(which represents substantially all fuel consumption) during the twelve-month period ended
September 30, 2009, and excluding the impact of the hedges, each one-cent increase in the price of
fuel per gallon would result in approximately $12 million of additional fuel expense on an annual
basis. However, BNSF believes any fuel price increase would be substantially offset by the
Company’s fuel surcharge program.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt; margin-left: 1%"><b><i>Total Fuel-Hedging Activities</i></b>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          As of September 30, 2009, BNSF’s total fuel-hedging positions for the remainder of 2009, 2010,
2011, and 2012 covered approximately 22 percent, 20 percent, 16 percent, and 3 percent,
respectively, of the average annual locomotive fuel consumption over the past three years. Hedge
positions are closely monitored to ensure that they will not exceed actual fuel requirements in any
period.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          The amounts recorded in the Consolidated Balance Sheets for settled fuel-hedge transactions
were as follows (in millions):
</div>
<div align="left">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="68%"> </td>
<td width="5%"> </td>
<td width="3%"> </td>
<td width="7%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="3%"> </td>
<td width="7%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td style="border-top: 1px solid #000000"> </td>
<td style="border-top: 1px solid #000000"> </td>
<td style="border-top: 1px solid #000000" nowrap="nowrap" align="center" colspan="3"><b>September 30,</b></td>
<td style="border-top: 1px solid #000000"> </td>
<td style="border-top: 1px solid #000000" nowrap="nowrap" align="center" colspan="3"><b>December 31,</b></td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="3" style="border-bottom: 1px solid #000000"><b>2009</b></td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="3" style="border-bottom: 1px solid #000000"><b>2008</b></td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="line-height: 10pt"><!-- Blank Space -->
<td valign="top">
<div style="text-align: justify">
<div style="margin-left:0px; text-indent:-0px"> 
</div>
</div></td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"> </td>
<td valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"> </td>
<td valign="top"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td valign="top">
<div style="margin-left:0px; text-indent:-0px">Settled fuel-hedging contracts payable
</div></td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top">$</td>
<td colspan="2" align="right" valign="top">(38)</td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top">$</td>
<td colspan="2" align="right" valign="top">(38</td>
<td style="background: #fffff" nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td valign="top" style="border-top: 1px solid #000000">
<div style="margin-left:0px; text-indent:-0px"> 
</div></td>
<td> </td>
<td colspan="3" align="right" valign="top" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td colspan="3" align="right" valign="top" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          Certain of the Company’s fuel-hedge instruments are covered by an agreement which includes a
provision such that the Company either receives or posts cash collateral if the fair value of the
instruments exceeds a certain net asset or net liability threshold, respectively. The threshold is
based on a sliding scale, utilizing either the counterparty’s credit rating, if the instruments are
in a net asset position, or BNSF’s credit rating, if the instruments are in a net liability
position. If the applicable credit rating should fall below Ba3 (Moody’s) or BB- (S&P), the
threshold would be eliminated and collateral would be required for the entire fair value amount.
All cash collateral paid is held on deposit by the payee and earns interest to the benefit of the
payor based on the London Interbank Offered Rate (LIBOR). The aggregate fair value of all open
fuel-hedge instruments under these provisions was in a net liability position on September 30, 2009
and December 31, 2008, of $43 million and $131 million, respectively, for which the Company posted
collateral of $8 million and $106 million, respectively. Additional collateral of $15 million and
$20 million was posted related to settled fuel-hedging contracts payable at September 30, 2009 and
December 31, 2008, respectively. The collateral was reflected as a reduction to either accounts
payable and other current liabilities or other liabilities in the Consolidated Balance Sheets,
depending on the expiration date of the related fuel hedges. The settled fuel-hedge liabilities
presented in the table above do not reflect a reduction for the posted collateral.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          The Company uses the forward commodity price for the periods hedged to value its fuel-hedge
swaps and costless collars. This methodology is a market approach, which under authoritative
accounting guidance related to fair value measurements utilizes Level 2 inputs as it uses
market data for similar instruments in active markets.
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="center" style="font-size: 10pt; margin-top: 0pt">
<b>
</b>
<b>
</b>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">     <u><b><i>New York Mercantile Exchange (NYMEX) #2 Heating Oil (HO) Hedges</i></b></u>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          As of September 30, 2009, BNSF had entered into fuel swap agreements utilizing NYMEX #2 HO.
The hedge prices do not include taxes, transportation costs, certain other fuel handling costs and
any differences that may occur between the prices of HO and the purchase price of BNSF’s diesel
fuel. Over the twelve months ended September 30, 2009, the sum of all such costs averaged
approximately 17 cents per gallon.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          During the first nine months of 2009, the Company entered into fuel swap agreements utilizing
HO to hedge the equivalent of approximately 77.35 million gallons of fuel with an average swap
price of $1.95 per gallon. The following table provides fuel-hedge data based on the quarter being
hedged for all HO fuel hedges outstanding as of September 30, 2009.
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="33%"> </td>
<td width="2%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="2%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="2%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="2%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="2%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="20" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="14" style="border-bottom: 1px solid #000000"><b>Quarter Ending</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="left" style="border-bottom: 0px solid #000000"><b>2010</b></td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>March 31,</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>June 30,</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>September 30,</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>December 31,</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>Annual</b></td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>HO Swaps</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Gallons hedged (in millions)
</div></td>
<td> </td>
<td> </td>
<td align="right">5.60</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">8.35</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">6.10</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">6.50</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">26.55</td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Average swap price (per gallon)
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">1.79</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">1.81</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">1.87</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">1.93</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">1.85</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Fair value (in millions)
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">–</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">1</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">1</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">1</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">3</td>
</tr>
<tr style="font-size: 1px">
<td colspan="20" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="font-size:12pt">
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="20" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="14" style="border-bottom: 1px solid #000000"><b>Quarter Ending</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="left" style="border-bottom: 0px solid #000000"><b>2011</b></td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>March 31,</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>June 30,</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>September 30,</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>December 31,</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>Annual</b></td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>HO Swaps</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Gallons hedged (in millions)
</div></td>
<td> </td>
<td> </td>
<td align="right">8.30</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">8.30</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">7.50</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">7.50</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">31.60</td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Average swap price (per gallon)
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">1.91</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">1.89</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">1.95</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">2.01</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">1.94</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Fair value (in millions)
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">2</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">2</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">1</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">1</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">6</td>
</tr>
<tr style="font-size: 1px">
<td colspan="20" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="font-size:12pt">
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="20" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="14" style="border-bottom: 1px solid #000000"><b>Quarter Ending</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="left" style="border-bottom: 0px solid #000000"><b>2012</b></td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>March 31,</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>June 30,</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>September 30,</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>December 31,</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>Annual</b></td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>HO Swaps</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Gallons hedged (in millions)
</div></td>
<td> </td>
<td> </td>
<td align="right">17.20</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2.00</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">–</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">–</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">19.20</td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Average swap price (per gallon)
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">2.08</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">2.18</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">–</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">–</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">2.09</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Fair value (in millions)
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">2</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">–</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">–</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">–</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">2</td>
</tr>
<tr style="font-size: 1px">
<td colspan="20" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 24pt">     <u><b><i>West Texas Intermediate (WTI) Crude Oil Hedges</i></b></u>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          In addition, BNSF enters into fuel swap and costless collar agreements utilizing WTI crude
oil. The hedge prices do not include taxes, transportation costs, certain other fuel handling costs
and any differences which may occur between the prices of WTI and the purchase price of BNSF’s
diesel fuel, including refining costs. Over the twelve months ended September 30, 2009, the sum of
all such costs averaged approximately 43 cents per gallon.
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="center" style="font-size: 10pt; margin-top: 0pt">
<b>
</b>
<b>
</b>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          During the first nine months of 2009, the Company entered into fuel swap agreements utilizing
WTI to hedge the equivalent of approximately 890 thousand barrels of fuel with an average swap
price of $76.44 per barrel and costless collar agreements utilizing WTI to hedge the equivalent of
approximately 80 thousand barrels of fuel with an average call price of $79.86 per barrel and an
average put price of $70.06 per barrel. The following table provides fuel-hedge data based on the
quarter being hedged for all WTI fuel hedges outstanding as of September 30, 2009.
</div>
<div align="justify">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="50%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="87%"> </td>
<td width="5%"> </td>
<td width="3%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="4" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>  Quarter Ending</b></td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="left" style="border-bottom: 0px solid #000000"><b>2009</b></td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>December 31,</b></td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>WTI Swaps</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td style="background: #fffff"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Barrels hedged (in thousands)
</div></td>
<td> </td>
<td> </td>
<td align="right">1,425</td>
<td style="background: #fffff"> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Equivalent gallons hedged (in millions)
</div></td>
<td> </td>
<td> </td>
<td align="right">59.85</td>
<td style="background: #fffff"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Average swap price (per barrel)
</div></td>
<td> </td>
<td align="right">  $</td>
<td align="right">75.72</td>
<td style="background: #fffff"> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Fair value (in millions)
</div></td>
<td> </td>
<td nowrap="nowrap" align="right">  $</td>
<td align="right">(7</td>
<td nowrap="nowrap" style="background: #fffff">)</td>
</tr>
<tr valign="bottom" style="font-size:14pt"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td style="background: #fffff"> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>WTI Costless Collars</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td style="background: #fffff"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Barrels hedged (in thousands)
</div></td>
<td> </td>
<td> </td>
<td align="right">475</td>
<td style="background: #fffff"> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Equivalent gallons hedged (in millions)
</div></td>
<td> </td>
<td> </td>
<td align="right">19.95</td>
<td style="background: #fffff"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Average cap price (per barrel)
</div></td>
<td> </td>
<td align="right">  $</td>
<td align="right">135.46</td>
<td style="background: #fffff"> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Average floor price (per barrel)
</div></td>
<td> </td>
<td align="right">  $</td>
<td align="right">125.38</td>
<td style="background: #fffff"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Fair value (in millions)
</div></td>
<td> </td>
<td nowrap="nowrap" align="right">  $</td>
<td align="right">(25</td>
<td nowrap="nowrap" style="background: #fffff">)</td>
</tr>
<tr style="font-size: 1px">
<td colspan="4" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="33%"> </td>
<td width="2%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="2%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="2%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="2%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="2%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="20" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="14" style="border-bottom: 1px solid #000000"><b>Quarter Ending</b></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="left" style="border-bottom: 0px solid #000000"><b>2010</b></td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>March 31,</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>June 30,</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>September 30,</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>December 31,</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>Annual</b></td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>WTI Swaps</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="background: #fffff"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Barrels hedged (in thousands)
</div></td>
<td> </td>
<td> </td>
<td align="right">1,210</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,110</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,125</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,235</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4,680</td>
<td style="background: #fffff"> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Equivalent gallons hedged (in millions)
</div></td>
<td> </td>
<td> </td>
<td align="right">50.82</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">46.62</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">47.25</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">51.87</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">196.56</td>
<td style="background: #fffff"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Average swap price (per barrel)
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">85.05</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">87.89</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">87.82</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">86.27</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">86.71</td>
<td style="background: #fffff"> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Fair value (in millions)
</div></td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(15</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(15</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(14</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(12</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(56</td>
<td nowrap="nowrap" style="background: #fffff">)</td>
</tr>
<tr valign="bottom" style="font-size:14pt"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="background: #fffff"> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>WTI Costless Collars</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="background: #fffff"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Barrels hedged (in thousands)
</div></td>
<td> </td>
<td> </td>
<td align="right">420</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">420</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">420</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">320</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,580</td>
<td style="background: #fffff"> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Equivalent gallons hedged (in millions)
</div></td>
<td> </td>
<td> </td>
<td align="right">17.64</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">17.64</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">17.64</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">13.44</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">66.36</td>
<td style="background: #fffff"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Average cap price (per barrel)
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">78.23</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">79.79</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">81.33</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">82.84</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">80.40</td>
<td style="background: #fffff"> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Average floor price (per barrel)
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">72.35</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">73.84</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">75.15</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">76.54</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">74.34</td>
<td style="background: #fffff"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Fair value (in millions)
</div></td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(1</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(1</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(1</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(1</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(4</td>
<td nowrap="nowrap" style="background: #fffff">)</td>
</tr>
<tr style="font-size: 1px">
<td colspan="20" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="center" style="font-size: 10pt; margin-top: 0pt">
<b>
</b>
<b>
</b>
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="33%"> </td>
<td width="2%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="2%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="2%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="2%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="2%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="20" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="14" style="border-bottom: 1px solid #000000"><b>Quarter Ending</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"> </td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="left" style="border-bottom: 0px solid #000000"><b>2011</b></td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>March 31,</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>June 30,</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>September 30,</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>December 31,</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>Annual</b></td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>WTI Swaps</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="background: #fffff"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Barrels hedged (in thousands)
</div></td>
<td> </td>
<td> </td>
<td align="right">995</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,000</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,005</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,055</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4,055</td>
<td style="background: #fffff"> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Equivalent gallons hedged (in millions)
</div></td>
<td> </td>
<td> </td>
<td align="right">41.79</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">42.00</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">42.21</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">44.31</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">170.31</td>
<td style="background: #fffff"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Average swap price (per barrel)
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">85.59</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">85.20</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">85.52</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">85.88</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">85.55</td>
<td style="background: #fffff"> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Fair value (in millions)
</div></td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(8</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(8</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(7</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(8</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(31</td>
<td nowrap="nowrap" style="background: #fffff">)</td>
</tr>
<tr style="font-size: 10pt">
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>WTI Costless Collars</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="background: #fffff"> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Barrels hedged (in thousands)
</div></td>
<td> </td>
<td> </td>
<td align="right">200</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">200</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">200</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">200</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">800</td>
<td style="background: #fffff"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Equivalent gallons hedged (in millions)
</div></td>
<td> </td>
<td> </td>
<td align="right">8.40</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">8.40</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">8.40</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">8.40</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">33.60</td>
<td style="background: #fffff"> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Average cap price (per barrel)
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">84.00</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">84.70</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">85.39</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">86.10</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">85.05</td>
<td style="background: #fffff"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Average floor price (per barrel)
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">77.75</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">78.40</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">79.05</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">79.70</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">78.73</td>
<td style="background: #fffff"> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Fair value (in millions)
</div></td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(1</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(1</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(1</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(1</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(4</td>
<td nowrap="nowrap" style="background: #fffff">)</td>
</tr>
<tr style="font-size: 1px">
<td colspan="20" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="20" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="14" style="border-bottom: 1px solid #000000"><b>Quarter Ending</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"> </td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="left" style="border-bottom: 0px solid #000000"><b>2012</b></td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>March 31,</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>June 30,</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>September 30,</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>December 31,</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>Annual</b></td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>WTI Swaps</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="background: #fffff"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Barrels hedged (in thousands)
</div></td>
<td> </td>
<td> </td>
<td align="right">205</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">200</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">–</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">–</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">405</td>
<td style="background: #fffff"> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Equivalent gallons hedged (in millions)
</div></td>
<td> </td>
<td> </td>
<td align="right">8.61</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">8.40</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">–</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">–</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">17.01</td>
<td style="background: #fffff"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Average swap price (per barrel)
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">76.95</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">77.52</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">–</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">–</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">77.23</td>
<td style="background: #fffff"> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Fair value (in millions)
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">–</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">–</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">–</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">–</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">–</td>
<td style="background: #fffff"> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="20" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">     <u><b><i>NYMEX #2 Heating Oil Refining Spread Hedges</i></b></u>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          During the first nine months of 2009, the Company entered into fuel swap agreements utilizing
the HO refining spread (HO-WTI) to hedge the equivalent of approximately 250 thousand barrels of
fuel with an average swap price of $8.06 per barrel. HO-WTI is the difference in price between HO
and WTI; therefore, a HO-WTI swap in combination with a WTI swap is equivalent to a HO swap. The
following table provides fuel-hedge data based upon the quarter being hedged for all HO-WTI fuel
hedges outstanding as of September 30, 2009.
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="33%"> </td>
<td width="2%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="2%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="2%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="2%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="2%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="20" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="14" style="border-bottom: 1px solid #000000"><b>Quarter Ending</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"> </td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="left" style="border-bottom: 0px solid #000000"><b>2010</b></td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>March 31,</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>June 30,</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>September 30,</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>December 31,</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>Annual</b></td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>HO-WTI Swaps</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="background: #fffff"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Barrels hedged (in thousands)
</div></td>
<td> </td>
<td> </td>
<td align="right">115</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">90</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">45</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">–</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">250</td>
<td style="background: #fffff"> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Equivalent gallons hedged (in millions)
</div></td>
<td> </td>
<td> </td>
<td align="right">4.83</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3.78</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1.89</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">–</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">10.50</td>
<td style="background: #fffff"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Average swap price (per barrel)
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">7.70</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">7.95</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">9.20</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">–</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">8.06</td>
<td style="background: #fffff"> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Fair value (in millions)
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">–</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">–</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">–</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">–</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">–</td>
<td style="background: #fffff"> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="20" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt"><u><b>Interest Rate</b></u>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          From time to time, the Company enters into various interest rate hedging transactions for the
purpose of managing exposure to fluctuations in interest rates by establishing rates in
anticipation of both future debt issuances and the refinancing of leveraged leases, as well as
converting a portion of its fixed-rate long-term debt to floating-rate debt. The Company uses
interest rate swaps and treasury locks as part of its interest rate risk management strategy.
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="center" style="font-size: 10pt; margin-top: 0pt">
<b>
</b>
<b>
</b>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 12pt"><b>Total Interest Rate Hedging Program</b>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          All interest rate hedge transactions outstanding are reflected in the following table:
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="20%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="32" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr style="font-size: 9pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="30" style="border-bottom: 1px solid #000000"><b>September 30, 2009</b></td>
<td> </td>
</tr>
<tr style="font-size: 9pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="22" style="border-bottom: 1px solid #000000"><b>Maturity Date</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>Fair</b></td>
<td> </td>
</tr>
<tr style="font-size: 9pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>2010</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>2011</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>2012</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>2013</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>Thereafter</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>Total</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>Value</b></td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="font-size:14pt"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Fair Value Hedges</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="background: #fffff"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Fixed to variable swaps<br />
(in millions)
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">–</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">250</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">–</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">–</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">–</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">400</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">650</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">45</td>
<td nowrap="nowrap"><sup>a</sup></td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Average fixed rate
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">–</td>
<td nowrap="nowrap">%</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">7.13</td>
<td nowrap="nowrap">%</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">–</td>
<td nowrap="nowrap">%</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">–</td>
<td nowrap="nowrap">%</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">–</td>
<td nowrap="nowrap">%</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">5.75</td>
<td nowrap="nowrap">%</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">6.28</td>
<td nowrap="nowrap">%</td>
<td> </td>
<td> </td>
<td> </td>
<td style="background: #fffff"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Average floating rate
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">–</td>
<td nowrap="nowrap">%</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">3.17</td>
<td nowrap="nowrap">%</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">–</td>
<td nowrap="nowrap">%</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">–</td>
<td nowrap="nowrap">%</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">–</td>
<td nowrap="nowrap">%</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">1.70</td>
<td nowrap="nowrap">%</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">2.27</td>
<td nowrap="nowrap">%</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="32" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 8pt">a  Fair value includes $4 million of accrued interest.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          BNSF’s measurement of the fair value of interest rate derivatives is based on estimates of the
mid-market values for the transactions which are provided by the counterparties to these
agreements. BNSF reviews these estimates for reasonableness. This methodology is a market approach,
which under authoritative accounting guidance related to fair value measurements utilizes Level 2
inputs as it uses market data for similar instruments in active markets.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">     <b><i>Fair Value Interest Rate Hedges</i></b>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          The Company enters into interest rate swaps to convert fixed-rate long-term debt to
floating-rate debt. These swaps are accounted for as fair value hedges under authoritative
accounting guidance related to derivatives and hedging. These fair value hedges qualify for the
short-cut method of recognition; therefore, no portion of these swaps is treated as ineffective.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          The gain or loss on the fair value hedges as well as the offsetting loss or gain on the hedged
items (fixed-rate debt) attributable to the hedged risk are recorded in current earnings. The
Company includes the gain or loss on the fixed-rate debt in the same line item - interest expense -
as the offsetting loss or gain on the related interest rate swaps as follows (in millions):
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="25%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="2%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="2%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="2%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="4%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="2%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="2%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="2%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="14" style="border-bottom: 1px solid #000000"><b>Gain (Loss) on Interest Rate Swaps</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="14" style="border-bottom: 1px solid #000000"><b>Gain (Loss) on Fixed-rate Debt</b></td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6"><b>Three Months</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6"><b>Nine Months</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6"><b>Three Months</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6"><b>Nine Months</b></td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="center"><b>Income Statement</b></td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6"><b>Ended</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6"><b>Ended</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6"><b>Ended</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6"><b>Ended</b></td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="center" style="border-bottom: 1px solid #000000"><b>Classification</b></td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>September 30,</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>September 30,</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>September 30,</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>September 30,</b></td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="left" style="border-bottom: 0px solid #000000"> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2008</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2008</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2008</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2008</b></td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Interest expense
</div></td>
<td align="right"> </td>
<td>$</td>
<td align="right">9</td>
<td> </td>
<td align="right"> </td>
<td>$</td>
<td align="right">7</td>
<td> </td>
<td align="right"> </td>
<td>$</td>
<td align="right">(32</td>
<td nowrap="nowrap">)</td>
<td align="right"> </td>
<td>$</td>
<td align="right">(3</td>
<td nowrap="nowrap">)</td>
<td align="right"> </td>
<td>$</td>
<td align="right">(9</td>
<td nowrap="nowrap">)</td>
<td align="right"> </td>
<td>$</td>
<td align="right">(7</td>
<td nowrap="nowrap">)</td>
<td align="right"> </td>
<td>$</td>
<td align="right">32</td>
<td> </td>
<td align="right"> </td>
<td>$</td>
<td align="right">3</td>
<td style="background: #fffff"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          As of September 30, 2009 and December 31, 2008, BNSF had entered into nine and eleven separate
swaps, respectively, with an aggregate notional amount of $650 million and $850 million,
respectively, in which it pays an average floating rate, which fluctuates quarterly, based on
LIBOR. The average floating rate to be paid by BNSF as of September 30, 2009, was 2.27 percent, and
the average fixed rate BNSF is to receive was 6.28 percent.
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="center" style="font-size: 10pt; margin-top: 0pt">
<b>
</b>
<b>
</b>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">     <b><i>Cash Flow Interest Rate Hedges</i></b>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          In September 2009, the Company entered into a treasury lock having a notional amount of $500
million and a locked-in rate of 3.46 percent, to fix a portion of the rate for a 10-year unsecured
debt issuance. The treasury lock was terminated in connection with the issuance of $750 million
10-year notes (see Note 4 to the Consolidated Financial Statements). Upon termination, BNSF
received approximately $600 thousand from the counterparty, which will be amortized as a reduction
to interest expense over the life of the issued debt. This transaction was accounted for as a cash
flow hedge. As of September 30, 2009, no cash flow hedges were outstanding.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          In anticipation of a future debt issuance, the Company entered into five treasury locks during
2008 having an aggregate notional amount of $250 million, and an average locked-in rate of 4.18
percent, to fix a portion of the rate for a future 30-year unsecured debt issuance. The Company
also entered into six treasury locks during 2008 having an aggregate notional amount of $150
million, and an average locked-in rate of 3.80 percent, to fix a portion of the rate for a future
10-year unsecured debt issuance. These transactions were previously accounted for as cash flow
hedges. However, during the first quarter of 2009, the Company determined that it was no longer
probable that it would issue debt according to the terms of the hedges. As such, hedge accounting
could no longer be applied to the treasury locks. The treasury locks were terminated in early April
and $32 million was paid to the counterparties, which was the fair value of the treasury locks at
the date of termination. Therefore, a net $32 million loss was recognized as an increase to
interest expense.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          AOCL included $8 million and $6 million of unrecognized gains on closed hedges as of September
30, 2009 and December 31, 2008, respectively. These amounts will be amortized to interest expense
over the life of the corresponding issued debt.
</div>
</div>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" -->
<!-- Begin Block Tagged Note
false
false
|
No definition available.
No authoritative reference available.
false
false
1
2
false
UnKnown
UnKnown
UnKnown
false
true