2019 Q4 Form 10-K Financial Statement

#000027794821000014 Filed on February 10, 2021

View on sec.gov

Income Statement

Concept 2019 Q4 2018 Q4 2018
Revenue $2.885B $3.143B $12.25B
YoY Change -8.21% 9.78% 7.38%
Cost Of Revenue $652.0M $795.0M $3.013B
YoY Change -17.99% 1.53% 1.21%
Gross Profit $2.233B $2.348B $9.237B
YoY Change -4.9% 12.88% 9.56%
Gross Profit Margin 77.4% 74.71% 75.4%
Selling, General & Admin $759.0M $771.0M $3.133B
YoY Change -1.56% -8.65% -7.17%
% of Gross Profit 33.99% 32.84% 33.92%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $344.0M $345.0M $1.300B
YoY Change -0.29% 2.37% -1.14%
% of Gross Profit 15.41% 14.69% 14.07%
Operating Expenses $1.103B $1.116B $7.381B
YoY Change -1.16% -5.5% -3.99%
Operating Profit $1.154B $1.249B $4.869B
YoY Change -7.61% 10.92% 30.89%
Interest Expense -$165.0M -$154.0M $32.00M
YoY Change 7.14% -294.94% -94.14%
% of Operating Profit -14.3% -12.33% 0.66%
Other Income/Expense, Net $16.00M $20.00M $74.00M
YoY Change -20.0% -41.18% 39.62%
Pretax Income $981.0M $1.098B $4.300B
YoY Change -10.66% 11.7% 36.86%
Income Tax $210.0M $255.0M $995.0M
% Of Pretax Income 21.41% 23.22% 23.14%
Net Earnings $771.0M $843.0M $3.309B
YoY Change -8.54% -79.64% -39.52%
Net Earnings / Revenue 26.72% 26.82% 27.01%
Basic Earnings Per Share $0.99 $1.02 $3.86
Diluted Earnings Per Share $0.99 $1.01 $3.84
COMMON SHARES
Basic Shares Outstanding 857.0M shares
Diluted Shares Outstanding 861.0M shares

Balance Sheet

Concept 2019 Q4 2018 Q4 2018
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.954B $1.111B $1.111B
YoY Change 75.88% 165.16% 165.16%
Cash & Equivalents $958.0M $858.0M $858.0M
Short-Term Investments $996.0M $253.0M $253.0M
Other Short-Term Assets $77.00M $181.0M $181.0M
YoY Change -57.46% 17.53% 17.53%
Inventory $261.0M $263.0M $263.0M
Prepaid Expenses
Receivables $986.0M $1.010B $1.010B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $3.278B $2.565B $2.565B
YoY Change 27.8% 33.94% 33.94%
LONG-TERM ASSETS
Property, Plant & Equipment $32.17B $32.00B $32.00B
YoY Change 0.53% 0.74% 0.74%
Goodwill $63.00M
YoY Change
Intangibles $0.00
YoY Change
Long-Term Investments $1.879B $1.779B $1.779B
YoY Change 5.62% 5.52% 5.52%
Other Assets $400.0M $387.0M $387.0M
YoY Change 3.36% 3.48% 3.48%
Total Long-Term Assets $34.98B $34.16B $34.16B
YoY Change 2.39% 1.01% 1.01%
TOTAL ASSETS
Total Short-Term Assets $3.278B $2.565B $2.565B
Total Long-Term Assets $34.98B $34.16B $34.16B
Total Assets $38.26B $36.73B $36.73B
YoY Change 4.16% 2.77% 2.77%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.043B $949.0M $949.0M
YoY Change 9.91% 12.04% 12.04%
Accrued Expenses $546.0M $550.0M $550.0M
YoY Change -0.73% -8.64% -8.64%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $245.0M $18.00M $18.00M
YoY Change 1261.11% -5.26% -5.26%
Total Short-Term Liabilities $2.151B $1.915B $1.915B
YoY Change 12.32% 1.11% 1.11%
LONG-TERM LIABILITIES
Long-Term Debt $15.99B $14.74B $14.74B
YoY Change 8.51% 25.01% 25.01%
Other Long-Term Liabilities $591.0M $594.0M $805.0M
YoY Change -0.51% -8.62% -12.12%
Total Long-Term Liabilities $591.0M $594.0M $15.54B
YoY Change -0.51% -8.62% 22.34%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.151B $1.915B $1.915B
Total Long-Term Liabilities $591.0M $594.0M $15.54B
Total Liabilities $26.39B $24.15B $24.17B
YoY Change 9.3% 14.9% 14.89%
SHAREHOLDERS EQUITY
Retained Earnings $11.40B $12.16B
YoY Change -6.19% -13.68%
Common Stock $1.119B $1.067B
YoY Change 4.87% -3.61%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $11.85B $12.56B $12.56B
YoY Change
Total Liabilities & Shareholders Equity $38.26B $36.73B $36.73B
YoY Change 4.16% 2.77% 2.77%

Cashflow Statement

Concept 2019 Q4 2018 Q4 2018
OPERATING ACTIVITIES
Net Income $771.0M $843.0M $3.309B
YoY Change -8.54% -79.64% -39.52%
Depreciation, Depletion And Amortization $344.0M $345.0M $1.300B
YoY Change -0.29% 2.37% -1.14%
Cash From Operating Activities $1.113B $1.235B $4.641B
YoY Change -9.88% 102.13% 33.67%
INVESTING ACTIVITIES
Capital Expenditures -$466.0M -$505.0M $1.745B
YoY Change -7.72% -12.63% -14.46%
Acquisitions
YoY Change
Other Investing Activities $93.00M $408.0M $27.00M
YoY Change -77.21% 151.85% -172.97%
Cash From Investing Activities -$373.0M -$97.00M -$1.684B
YoY Change 284.54% -76.68% 12.64%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $4.671B
YoY Change 137.11%
Debt Paid & Issued, Net $19.00M
YoY Change -94.29%
Cash From Financing Activities -1.303B -943.0M -$2.500B
YoY Change 38.18% 144.94% 14.73%
NET CHANGE
Cash From Operating Activities 1.113B 1.235B $4.641B
Cash From Investing Activities -373.0M -97.00M -$1.684B
Cash From Financing Activities -1.303B -943.0M -$2.500B
Net Change In Cash -563.0M 195.0M $457.0M
YoY Change -388.72% -202.63% -326.24%
FREE CASH FLOW
Cash From Operating Activities $1.113B $1.235B $4.641B
Capital Expenditures -$466.0M -$505.0M $1.745B
Free Cash Flow $1.579B $1.740B $2.896B
YoY Change -9.25% 46.34% 102.23%

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CY2018 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-117000000 USD
CY2020 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-83000000 USD
CY2019 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-45000000 USD
CY2018 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
46000000 USD
CY2020 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
75000000 USD
CY2019 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-68000000 USD
CY2018 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-101000000 USD
CY2020 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-20000000 USD
CY2019 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
98000000 USD
CY2018 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
104000000 USD
CY2020 us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
39000000 USD
CY2019 us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
2000000 USD
CY2018 us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
-104000000 USD
CY2020 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
-25000000 USD
CY2019 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
-96000000 USD
CY2018 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
-47000000 USD
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
4263000000 USD
CY2019 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
4850000000 USD
CY2018 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
4641000000 USD
CY2020 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1626000000 USD
CY2019 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1657000000 USD
CY2018 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1745000000 USD
CY2020 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
426000000 USD
CY2019 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
2838000000 USD
CY2018 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
736000000 USD
CY2020 us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
1424000000 USD
CY2019 us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
2108000000 USD
CY2018 us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
505000000 USD
CY2020 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
56000000 USD
CY2019 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
254000000 USD
CY2018 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
319000000 USD
CY2020 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
77000000 USD
CY2019 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-31000000 USD
CY2018 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
27000000 USD
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
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-649000000 USD
CY2019 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2102000000 USD
CY2018 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1684000000 USD
CY2020 us-gaap Proceeds From Issuance Of Long Term Debt
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1000000000 USD
CY2019 us-gaap Proceeds From Issuance Of Long Term Debt
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2000000000 USD
CY2018 us-gaap Proceeds From Issuance Of Long Term Debt
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3000000000 USD
CY2020 us-gaap Repayments Of Long Term Debt
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745000000 USD
CY2019 us-gaap Repayments Of Long Term Debt
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518000000 USD
CY2018 us-gaap Repayments Of Long Term Debt
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19000000 USD
CY2020 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
797000000 USD
CY2019 us-gaap Payments Of Dividends Common Stock
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763000000 USD
CY2018 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
751000000 USD
CY2020 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
867000000 USD
CY2019 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
3373000000 USD
CY2018 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
4671000000 USD
CY2020 us-gaap Proceeds From Payments For Other Financing Activities
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-34000000 USD
CY2019 us-gaap Proceeds From Payments For Other Financing Activities
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6000000 USD
CY2018 us-gaap Proceeds From Payments For Other Financing Activities
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-59000000 USD
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
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-1443000000 USD
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
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-2648000000 USD
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
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-2500000000 USD
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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2171000000 USD
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
100000000 USD
CY2018 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
457000000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
958000000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
858000000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
401000000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3129000000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
958000000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
858000000 USD
CY2020 us-gaap Interest Paid Net
InterestPaidNet
750000000 USD
CY2019 us-gaap Interest Paid Net
InterestPaidNet
717000000 USD
CY2018 us-gaap Interest Paid Net
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614000000 USD
CY2020 us-gaap Income Taxes Paid
IncomeTaxesPaid
664000000 USD
CY2019 us-gaap Income Taxes Paid
IncomeTaxesPaid
691000000 USD
CY2019 us-gaap Stockholders Equity Other
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-102000000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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11863000000 USD
CY2018 us-gaap Income Taxes Paid
IncomeTaxesPaid
814000000 USD
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
14721000000 USD
CY2018 us-gaap Net Income Loss
NetIncomeLoss
3309000000 USD
CY2018 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-175000000 USD
CY2018 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
3134000000 USD
CY2018 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.88
CY2018 us-gaap Dividends Common Stock Cash
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751000000 USD
CY2018 us-gaap Stock Repurchased And Retired During Period Value
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4671000000 USD
CY2018 us-gaap Stockholders Equity Other
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-147000000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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12580000000 USD
CY2019 us-gaap Net Income Loss
NetIncomeLoss
3331000000 USD
CY2019 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-14000000 USD
CY2019 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
3317000000 USD
CY2019 us-gaap Common Stock Dividends Per Share Cash Paid
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0.96
CY2019 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
763000000 USD
CY2019 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
3373000000 USD
CY2020 us-gaap Net Income Loss
NetIncomeLoss
2765000000 USD
CY2020 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
77000000 USD
CY2020 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
2842000000 USD
CY2020 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
1.04
CY2020 us-gaap Dividends Common Stock Cash
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797000000 USD
CY2020 us-gaap Stock Repurchased And Retired During Period Value
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867000000 USD
CY2020 us-gaap Stockholders Equity Other
StockholdersEquityOther
-69000000 USD
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
13110000000 USD
CY2020Q4 csx Rail Route Network Distance
RailRouteNetworkDistance
19500 mi
CY2020Q4 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
23 state
CY2020Q4 csx Number Of Ocean River And Lake Ports Serviced
NumberOfOceanRiverAndLakePortsServiced
70 port_terminal
CY2020Q4 csx Number Of Short Line And Regional Railroads Served
NumberOfShortLineAndRegionalRailroadsServed
230 railroad
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
10600000000 USD
CY2020 csx Number Of Primary Lines Of Business
NumberOfPrimaryLinesOfBusiness
3 line_of_business
CY2020Q4 dei Entity Number Of Employees
EntityNumberOfEmployees
19300 employee
CY2020 csx Number Of Union Employees
NumberOfUnionEmployees
15700 employee
CY2020 us-gaap Fiscal Period
FiscalPeriod
The Company's fiscal periods are based upon the calendar year. Except as otherwise specified, references to full years indicate CSX’s fiscal years ended on December 31, 2020, December 31, 2019 and December 31, 2018.
CY2020 csx Cost Method Investment Maximum Percentage For Treatment
CostMethodInvestmentMaximumPercentageForTreatment
0.20
CY2020 us-gaap Use Of Estimates
UseOfEstimates
The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires that management make estimates in reporting the amounts of certain assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amount of certain revenues and expenses during the reporting period. Actual results may differ from those estimates. Critical accounting estimates using management judgment are made for the following areas:<div style="margin-top:3pt;padding-left:54pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:11pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:14.15pt">personal injury, environmental and legal reserves (see Note 5, </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:11pt;font-style:italic;font-weight:400;line-height:120%">Casualty, Environmental and Other Reserves</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:11pt;font-weight:400;line-height:120%">);</span></div><div style="margin-top:3pt;padding-left:54pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:11pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:14.15pt">pension and post-retirement medical plan accounting (see Note 9, </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:11pt;font-style:italic;font-weight:400;line-height:120%">Employee Benefit Plans</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:11pt;font-weight:400;line-height:120%">); and</span></div><div style="margin-top:3pt;padding-left:54pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:11pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:14.15pt">depreciation policies for assets under the group-life method (see Note 6, </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:11pt;font-style:italic;font-weight:400;line-height:120%">Properties</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:11pt;font-weight:400;line-height:120%">).</span></div>
CY2020 us-gaap Net Income Loss
NetIncomeLoss
2765000000 USD
CY2019 us-gaap Net Income Loss
NetIncomeLoss
3331000000 USD
CY2018 us-gaap Net Income Loss
NetIncomeLoss
3309000000 USD
CY2020 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
0 USD
CY2019 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
0 USD
CY2018 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
-1000000 USD
CY2020 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
2765000000 USD
CY2019 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
3331000000 USD
CY2018 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
3308000000 USD
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
766000000 shares
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
796000000 shares
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
857000000 shares
CY2020Q4 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
5900000000 USD
CY2020 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
2000000 shares
CY2019 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
2000000 shares
CY2018 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
4000000 shares
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
768000000 shares
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
798000000 shares
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
861000000 shares
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.61
CY2019 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.18
CY2018 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.86
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.60
CY2019 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.17
CY2018 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.84
CY2020 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
13000000 shares
CY2019 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
48000000 shares
CY2018 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
72000000 shares
CY2020 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
867000000 USD
CY2019 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
3373000000 USD
CY2018 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
4671000000 USD
CY2020 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
68.70
CY2019 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
70.54
CY2018 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
64.64
CY2020Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
1
CY2020Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1800000000 shares
CY2020Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
763000000 shares
CY2020Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
763000000 shares
CY2020Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
25000000 shares
CY2020Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2020Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2020 csx Common Stock Votes Per Share
CommonStockVotesPerShare
1
CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
29000000 USD
CY2019 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
74000000 USD
CY2018 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
51000000 USD
CY2020 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
19000000 USD
CY2019 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
43000000 USD
CY2018 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
26000000 USD
CY2019Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
3795000 shares
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
49.78
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
1339000 shares
CY2020 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
79.58
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares
131000 shares
CY2020 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
72.04
CY2020 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
786000 shares
CY2020 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
37.41
CY2020Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
4217000 shares
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
60.88
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y6M
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
126000000 USD
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
1257000 shares
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
40.05
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P6Y
CY2020Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
64000000 USD
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
30000000 USD
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
87000000 USD
CY2020 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
29000000 USD
CY2019 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
45000000 USD
CY2017Q4 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
374000000 USD
CY2018 us-gaap Loss Contingency Accrual Provision
LossContingencyAccrualProvision
72000000 USD
CY2018 us-gaap Loss Contingency Accrual Payments
LossContingencyAccrualPayments
122000000 USD
CY2018Q4 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
324000000 USD
CY2019 us-gaap Loss Contingency Accrual Provision
LossContingencyAccrualProvision
107000000 USD
CY2019 us-gaap Loss Contingency Accrual Payments
LossContingencyAccrualPayments
126000000 USD
CY2019Q4 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
305000000 USD
CY2020 us-gaap Loss Contingency Accrual Provision
LossContingencyAccrualProvision
107000000 USD
CY2020 us-gaap Loss Contingency Accrual Payments
LossContingencyAccrualPayments
98000000 USD
CY2020Q4 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
314000000 USD
CY2020Q4 us-gaap Loss Contingency Accrual Carrying Value Current
LossContingencyAccrualCarryingValueCurrent
90000000 USD
CY2020Q4 us-gaap Loss Contingency Accrual Carrying Value Noncurrent
LossContingencyAccrualCarryingValueNoncurrent
224000000 USD
CY2020Q4 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
314000000 USD
CY2019Q4 us-gaap Loss Contingency Accrual Carrying Value Current
LossContingencyAccrualCarryingValueCurrent
100000000 USD
CY2019Q4 us-gaap Loss Contingency Accrual Carrying Value Noncurrent
LossContingencyAccrualCarryingValueNoncurrent
205000000 USD
CY2019Q4 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
305000000 USD
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
45530000000 USD
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
13086000000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
32444000000 USD
CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
45100000000 USD
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
12932000000 USD
CY2019Q4 us-gaap Property Plant And Equipment Net
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32168000000 USD
CY2020Q4 csx Percentage Of Labor Cost Rail Installation Deconstruction Of Old Track
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47000000 USD
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139000000 USD
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170000000 USD
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1874 locomotive
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1897 locomotive
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1910 locomotive
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234000000 USD
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284000000 USD
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298000000 USD
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3275000000 USD
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50000000 USD
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CasualtyAndCatastrophicPropertyDeductible
100000000 USD
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CY2019Q4 us-gaap Defined Benefit Plan Weighted Average Asset Allocations
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3000000 USD
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2884000000 USD
CY2020Q4 us-gaap Defined Benefit Plan Pension Plan With Projected Benefit Obligation In Excess Of Plan Assets Projected Benefit Obligation
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3170000000 USD
CY2020Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Fair Value Of Plan Assets
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2884000000 USD
CY2020Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Projected Benefit Obligation
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264000000 USD
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CY2020Q4 csx Long Term Debt And Finance Lease Maturity Year Three
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139000000 USD
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LongTermDebtAndFinanceLeaseMaturityYearFour
551000000 USD
CY2020Q4 csx Long Term Debt And Finance Lease Maturity Year Five
LongTermDebtAndFinanceLeaseMaturityYearFive
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4300000000 USD
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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CY2020 csx Contractwith Customer Timingof Satisfactionof Performance Obligation Payment Period
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P15D
CY2020 us-gaap Revenue Performance Obligation Description Of Timing
RevenuePerformanceObligationDescriptionOfTiming
The Company expects to recognize the unearned portion of revenue for freight services in transit within one week of the reporting date.
CY2020Q4 us-gaap Accounts Receivable Net
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CY2019Q4 us-gaap Accounts Receivable Net
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3600000000 USD
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4300000000 USD
CY2020 us-gaap Current Federal Tax Expense Benefit
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CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
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CurrentIncomeTaxExpenseBenefit
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235000000 USD
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275000000 USD
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CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2020 us-gaap Deferred Income Tax Expense Benefit
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180000000 USD
CY2019 us-gaap Deferred Income Tax Expense Benefit
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273000000 USD
CY2018 us-gaap Deferred Income Tax Expense Benefit
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279000000 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
985000000 USD
CY2018 us-gaap Income Tax Expense Benefit
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995000000 USD
CY2020 us-gaap Tax Adjustments Settlements And Unusual Provisions
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-30000000 USD
CY2019 us-gaap Tax Adjustments Settlements And Unusual Provisions
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CY2018 us-gaap Tax Adjustments Settlements And Unusual Provisions
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762000000 USD
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CY2019 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
906000000 USD
CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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904000000 USD
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117000000 USD
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108000000 USD
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112000000 USD
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478000000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities
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0.238
CY2019 us-gaap Income Tax Expense Benefit
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985000000 USD
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995000000 USD
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CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Pensions
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62000000 USD
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71000000 USD
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96000000 USD
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeBenefits
127000000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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7195000000 USD
CY2019Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
7020000000 USD
CY2020Q4 us-gaap Deferred Tax Assets Other
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320000000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Other
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451000000 USD
CY2019Q4 us-gaap Deferred Tax Assets Other
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426000000 USD
CY2019Q4 us-gaap Deferred Tax Liabilities Other
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565000000 USD
CY2019Q4 us-gaap Deferred Tax Assets Net
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624000000 USD
CY2019Q4 us-gaap Deferred Tax Liabilities
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7585000000 USD
CY2020Q4 us-gaap Deferred Income Tax Liabilities Net
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7168000000 USD
CY2019Q4 us-gaap Deferred Income Tax Liabilities Net
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6961000000 USD
CY2020Q4 us-gaap Unrecognized Tax Benefits
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16000000 USD
CY2019Q4 us-gaap Unrecognized Tax Benefits
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13000000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits
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12000000 USD
CY2020Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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13000000 USD
CY2019Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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10000000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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9000000 USD
CY2020 us-gaap Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component
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CY2019 us-gaap Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component
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-43000000 USD
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CY2020 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
17000000 USD
CY2019 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
48000000 USD
CY2018 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
32000000 USD
CY2019 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
3300000000 USD
CY2018 us-gaap Comprehensive Income Net Of Tax
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3100000000 USD
CY2020 us-gaap Gain Loss On Repurchase Of Debt Instrument
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-48000000 USD
CY2019 us-gaap Gain Loss On Repurchase Of Debt Instrument
GainLossOnRepurchaseOfDebtInstrument
-10000000 USD
CY2018 us-gaap Gain Loss On Repurchase Of Debt Instrument
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0 USD
CY2020 us-gaap Other Nonoperating Income Expense
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8000000 USD
CY2019 us-gaap Other Nonoperating Income Expense
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7000000 USD
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4000000 USD
CY2020 us-gaap Nonoperating Income Expense
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19000000 USD
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88000000 USD
CY2018 us-gaap Nonoperating Income Expense
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74000000 USD
CY2020 us-gaap Comprehensive Income Net Of Tax
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2800000000 USD
CY2018 us-gaap Tax Cuts And Jobs Act Of2017 Reclassification From Aoci To Retained Earnings Tax Effect
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CY2018 us-gaap Oci Before Reclassifications Before Tax Attributable To Parent
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CY2018 us-gaap Reclassification From Aoci Current Period Before Tax Attributable To Parent
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CY2018 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
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CY2018 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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-175000000 USD
CY2019 us-gaap Oci Before Reclassifications Before Tax Attributable To Parent
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-48000000 USD
CY2019 us-gaap Reclassification From Aoci Current Period Before Tax Attributable To Parent
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CY2019 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
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CY2019 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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CY2020 us-gaap Oci Before Reclassifications Before Tax Attributable To Parent
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53000000 USD
CY2020 us-gaap Reclassification From Aoci Current Period Before Tax Attributable To Parent
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CY2020 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
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28000000 USD
CY2020 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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77000000 USD

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