2017 Q4 Form 10-K Financial Statement

#000010088519000060 Filed on February 08, 2019

View on sec.gov

Income Statement

Concept 2017 Q4 2017 Q3 2017 Q2
Revenue $5.450B $5.408B $5.250B
YoY Change 5.46% 4.52% 10.06%
Cost Of Revenue $1.132B $1.065B $1.031B
YoY Change 15.04% 11.17% 12.55%
Gross Profit $4.318B $4.343B $4.219B
YoY Change 3.2% 3.01% 9.47%
Gross Profit Margin 79.23% 80.31% 80.36%
Selling, General & Admin $1.512B $1.512B $1.477B
YoY Change 1.14% 2.65% 2.14%
% of Gross Profit 35.02% 34.81% 35.01%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $532.0M $528.0M $525.0M
YoY Change 2.31% 3.13% 4.17%
% of Gross Profit 12.32% 12.16% 12.44%
Operating Expenses $2.283B $3.335B $2.221B
YoY Change 1.56% 47.83% 1.23%
Operating Profit $2.247B $2.073B $1.998B
YoY Change 16.06% 5.77% 20.36%
Interest Expense $30.00M $180.0M -$175.0M
YoY Change -117.54% -199.45% 2.94%
% of Operating Profit 1.34% 8.68% -8.76%
Other Income/Expense, Net $24.00M $90.00M $35.00M
YoY Change -61.9% 291.3% 218.18%
Pretax Income $2.092B $1.983B $1.869B
YoY Change 14.25% 9.86% 19.5%
Income Tax $676.0M $789.0M $701.0M
% Of Pretax Income 32.31% 39.79% 37.51%
Net Earnings $7.278B $1.194B $1.168B
YoY Change 536.19% 5.57% 19.31%
Net Earnings / Revenue 133.54% 22.08% 22.25%
Basic Earnings Per Share $9.29 $1.50 $1.45
Diluted Earnings Per Share $9.25 $1.50 $1.45
COMMON SHARES
Basic Shares Outstanding 794.5M 804.1M
Diluted Shares Outstanding 797.6M

Balance Sheet

Concept 2017 Q4 2017 Q3 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.365B $1.937B $1.376B
YoY Change 2.09% -13.49% -36.3%
Cash & Equivalents $1.275B $1.847B $1.286B
Short-Term Investments $90.00M $90.00M $90.00M
Other Short-Term Assets $399.0M $342.0M $410.0M
YoY Change 40.49% 6.21% 9.92%
Inventory $749.0M $742.0M $726.0M
Prepaid Expenses
Receivables $1.493B $1.428B $1.357B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $4.006B $4.449B $3.869B
YoY Change 11.4% -3.32% -15.27%
LONG-TERM ASSETS
Property, Plant & Equipment $51.61B $51.04B $50.81B
YoY Change 2.41% 2.2% 2.74%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $1.809B $1.566B $1.504B
YoY Change 24.16% 8.3% 6.82%
Other Assets $386.0M $346.0M $291.0M
YoY Change 39.86% 8.81% 14.12%
Total Long-Term Assets $53.80B $52.95B $52.61B
YoY Change 3.22% 2.41% 2.9%
TOTAL ASSETS
Total Short-Term Assets $4.006B $4.449B $3.869B
Total Long-Term Assets $53.80B $52.95B $52.61B
Total Assets $57.81B $57.40B $56.48B
YoY Change 3.75% 1.94% 1.41%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.013B $838.0M $828.0M
YoY Change 6.07% 2.32% 5.21%
Accrued Expenses $798.0M $766.0M $793.0M
YoY Change 1.79% 3.37% 2.45%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $800.0M $903.0M $531.0M
YoY Change 5.54% 121.87% 29.83%
Total Short-Term Liabilities $3.939B $3.831B $3.406B
YoY Change 8.21% 17.62% 10.05%
LONG-TERM LIABILITIES
Long-Term Debt $16.14B $15.93B $15.23B
YoY Change 13.3% 4.77% 3.06%
Other Long-Term Liabilities $1.931B $1.961B $1.899B
YoY Change 1.58% 9.86% 5.32%
Total Long-Term Liabilities $1.931B $17.89B $17.13B
YoY Change -88.04% 5.3% 3.31%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.939B $3.831B $3.406B
Total Long-Term Liabilities $1.931B $17.89B $17.13B
Total Liabilities $32.95B $38.25B $36.86B
YoY Change -7.92% 6.18% 4.52%
SHAREHOLDERS EQUITY
Retained Earnings $41.32B
YoY Change
Common Stock $2.778B
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $22.57B
YoY Change
Treasury Stock Shares
Shareholders Equity $24.86B $19.15B $19.62B
YoY Change
Total Liabilities & Shareholders Equity $57.81B $57.40B $56.48B
YoY Change 3.75% 1.94% 1.41%

Cashflow Statement

Concept 2017 Q4 2017 Q3 2017 Q2
OPERATING ACTIVITIES
Net Income $7.278B $1.194B $1.168B
YoY Change 536.19% 5.57% 19.31%
Depreciation, Depletion And Amortization $532.0M $528.0M $525.0M
YoY Change 2.31% 3.13% 4.17%
Cash From Operating Activities $1.832B $1.939B $1.576B
YoY Change -10.98% -0.15% 16.57%
INVESTING ACTIVITIES
Capital Expenditures -$859.0M -$790.0M -$778.0M
YoY Change -4.66% -22.09% -13.84%
Acquisitions
YoY Change
Other Investing Activities $33.00M $94.00M $57.00M
YoY Change -89.91% 184.85% -121.67%
Cash From Investing Activities -$826.0M -$696.0M -$721.0M
YoY Change 43.9% -29.05% -38.16%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.578B -682.0M -618.0M
YoY Change -25.43% -22.68% -39.94%
NET CHANGE
Cash From Operating Activities 1.832B 1.939B 1.576B
Cash From Investing Activities -826.0M -696.0M -721.0M
Cash From Financing Activities -1.578B -682.0M -618.0M
Net Change In Cash -572.0M 561.0M 237.0M
YoY Change -9.49% 610.13% -128.11%
FREE CASH FLOW
Cash From Operating Activities $1.832B $1.939B $1.576B
Capital Expenditures -$859.0M -$790.0M -$778.0M
Free Cash Flow $2.691B $2.729B $2.354B
YoY Change -9.06% -7.68% 4.39%

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250000000
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The investment of pension plan assets in securities issued by UPC is explicitly prohibited by the plan for both the equity and debt portfolios, other than through index fund holdings.
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The investment strategy for pension plan assets is to maintain a broadly diversified portfolio designed to achieve our target average long-term rate of return of 7.0%.
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Pension Plans – We provide defined benefit retirement income to eligible non-union employees through qualified and non-qualified (supplemental) pension plans. Qualified and non-qualified pension benefits are based on years of service and the highest compensation during the latest years of employment, with specific reductions made for early retirements. Non-union employees hired on or after January 1, 2018 are no longer eligible for pension benefits, but are eligible for an enhanced 401(k) plan as described below in other retirement programs. Other Postretirement Benefits (OPEB) – We provide medical and life insurance benefits for eligible retirees hired before January 1, 2004. These benefits are funded as medical claims and life insurance premiums are paid.
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For non-union employees hired prior to January 1, 2018, and eligible union employees for whom we make matching contributions, we provide a defined contribution plan (401(k)/thrift plan).
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0.350
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0.350
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0.002
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-0.004
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0.031
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0.031
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0.039
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60000000
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30000000
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28000000
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44000000
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28000000
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50000000
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111000000
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30000000
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94000000
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111000000
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30000000
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65000000
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90000000
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90000000
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7632000000
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235000000
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374000000
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278000000
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32000000
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282000000
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870000000
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652000000
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666000000
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728000000
CY2017Q4 us-gaap Interest Payable Current
InterestPayableCurrent
220000000
CY2018Q4 us-gaap Interest Payable Current
InterestPayableCurrent
317000000
CY2018Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
1396000000
CY2016 us-gaap Investment Income Interest
InvestmentIncomeInterest
11000000
CY2017 us-gaap Investment Income Interest
InvestmentIncomeInterest
16000000
CY2018 us-gaap Investment Income Interest
InvestmentIncomeInterest
30000000
CY2017Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
1809000000
CY2018Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
1912000000
CY2016 us-gaap Labor And Related Expense
LaborAndRelatedExpense
4779000000
CY2017 us-gaap Labor And Related Expense
LaborAndRelatedExpense
4939000000
CY2018 us-gaap Labor And Related Expense
LaborAndRelatedExpense
5056000000
CY2017Q4 us-gaap Liabilities
Liabilities
32950000000
CY2018Q4 us-gaap Liabilities
Liabilities
38724000000
CY2017Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
57806000000
CY2018Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
59147000000
CY2017Q4 us-gaap Liabilities Current
LiabilitiesCurrent
3939000000
CY2018Q4 us-gaap Liabilities Current
LiabilitiesCurrent
4626000000
CY2017Q4 us-gaap Long Term Debt
LongTermDebt
16944000000
CY2018Q4 us-gaap Long Term Debt
LongTermDebt
22391000000
CY2017Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
16144000000
CY2018Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
20925000000
CY2017Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
800000000
CY2018Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
1466000000
CY2018Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
17184000000
CY2018Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
1467000000
CY2016 us-gaap Operating Income Loss
OperatingIncomeLoss
7243000000
CY2018Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
913000000
CY2018Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
1267000000
CY2018Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
981000000
CY2018Q1 us-gaap Longterm Debt Weighted Average Interest Rate
LongtermDebtWeightedAverageInterestRate
0.049
CY2017Q4 us-gaap Loss Contingency Accrual Carrying Value Current
LossContingencyAccrualCarryingValueCurrent
194000000
CY2018Q4 us-gaap Loss Contingency Accrual Carrying Value Current
LossContingencyAccrualCarryingValueCurrent
211000000
CY2017Q4 us-gaap Materials Supplies And Other
MaterialsSuppliesAndOther
749000000
CY2018Q4 us-gaap Materials Supplies And Other
MaterialsSuppliesAndOther
742000000
CY2018 us-gaap Nature Of Operations
NatureOfOperations
<div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:100%;font-family:Arial;font-size: 10pt"> <font style="display: inline;">For purposes of this report, unless the context otherwise requires, all references herein to the &#x201C;Corporation&#x201D;, &#x201C;Company&#x201D;, &#x201C;UPC&#x201D;, &#x201C;we&#x201D;, &#x201C;us&#x201D;, and &#x201C;our&#x201D; mean Union Pacific Corporation and its subsidiaries, including Union Pacific Railroad Company, which will be separately referred to herein as &#x201C;UPRR&#x201D; or the &#x201C;Railroad&#x201D;.</font> </p> <p style="margin:0pt;line-height:100%;font-family:Arial;font-size: 10pt"> <font style="display: inline;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:100%;font-family:Arial;font-size: 10pt"> <font style="display: inline;font-weight:bold;">1. Nature of Operations</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:100%;font-family:Arial;font-size: 10pt"> <font style="display: inline;">&#xFEFF;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:100%;font-family:Arial;font-size: 10pt"> <font style="display: inline;font-weight:bold;">Operations and Segmentation</font><font style="display: inline;"> &#x2013; We are a Class I railroad operating in the U.S. Our network includes </font><font style="display: inline;">32,236</font><font style="display: inline;"> route</font><font style="display: inline;"> miles, linking Pacific Coast and Gulf Coast ports with the Midwest and Eastern U.S. gateways and providing several corridors to key Mexican gateways. We </font><font style="display: inline;">own </font><font style="display: inline;">26,039</font><font style="display: inline;"> miles and operate on the remainder pursuant to trackage rights or leases. We serve the western two-thirds of the country and maintain coordinated schedules with other rail carriers for the handling of freight to and from the Atlantic Coast, the Pacific Coast, the Southeast, the Southwest, Canada, and Mexico. Export and import traffic is moved through Gulf Coast and Pacific Coast ports and across the Mexican and Canadian borders.</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:100%;font-family:Arial;font-size: 10pt"> <font style="display: inline;">&#xFEFF;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:100%;font-family:Arial;font-size: 10pt"> <font style="display: inline;">The Railroad, along with its subsidiaries and rail affiliates, is our </font><font style="display: inline;">one</font><font style="display: inline;"> reportable operating segment. Although we provide and analyze revenue by commodity group, we treat the financial results of the Railroad as one segment due to the integrated nature of our rail network. </font><font style="display: inline;">Our operating revenues are primarily derived from contracts with customers for the transportation of freight from origin to destination.&nbsp;&nbsp;Effective January 1, 2018, the Company reclassified its six commodity groups into four: Agricultural Products, Energy, Industrial, and Premium.&nbsp;&nbsp;The following table represents a disaggregation of our freight and other revenues:</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:100%;font-family:Arial;font-size: 10pt"> <font style="display: inline;">&#xFEFF;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:100%;font-family:Arial;font-size: 1pt"> <font style="display: inline;font-size:1pt;">&#xFEFF;</font> </p> <div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:61.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Arial;height:1.00pt;overflow:hidden;font-size: 1pt"> <font style="display: inline;font-size:1pt;">&#xFEFF;</font></p> </td> <td valign="bottom" style="width:03.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Arial;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Arial;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:03.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Arial;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Arial;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:03.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Arial;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Arial;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:61.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:3pt solid #808080 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.50pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Arial;height:1.50pt;font-size: 9pt"> <font style="display: inline;font-size:9pt;">&#xFEFF;</font></p> </td> <td valign="bottom" style="width:03.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:3pt solid #808080 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.50pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Arial;height:1.50pt;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:3pt solid #808080 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.50pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Arial;height:1.50pt;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:03.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:3pt solid #808080 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.50pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Arial;height:1.50pt;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:3pt solid #808080 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.50pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Arial;height:1.50pt;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:03.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:3pt solid #808080 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.50pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Arial;height:1.50pt;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:3pt solid #808080 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.50pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Arial;height:1.50pt;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:61.48%;border-top:3pt solid #808080 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #808080 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Arial;font-size: 9pt"> <font style="display: inline;font-style:italic;font-size:9pt;">&#xFEFF;</font><font style="display: inline;font-style:italic;font-size:9pt;"> Millions</font></p> </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:3pt solid #808080 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #808080 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.00pt;font-weight:bold;font-style:italic;font-family:Arial;font-size:9pt;text-align:right;" nowrap="nowrap">2018&nbsp; </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:3pt solid #808080 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #808080 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.00pt;font-style:italic;font-family:Arial;font-size:9pt;text-align:right;" nowrap="nowrap">2017&nbsp; </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:3pt solid #808080 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #808080 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.00pt;font-style:italic;font-family:Arial;font-size:9pt;text-align:right;" nowrap="nowrap">2016&nbsp; </td> </tr> <tr> <td valign="middle" style="width:61.48%;border-top:1pt solid #808080 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Arial;font-size: 9pt"> <font style="display: inline;font-size:9pt;">&#xFEFF;</font><font style="display: inline;font-size:9pt;"> Agricultural Products</font></p> </td> <td valign="middle" style="width:03.04%;border-top:1pt solid #808080 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.00pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Arial;font-size: 9pt"> <font style="display: inline;font-weight:bold;color:#000000;font-size:9pt;">$</font></p> </td> <td valign="middle" style="width:09.80%;border-top:1pt solid #808080 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.00pt;font-weight:bold;color:#000000;font-family:Arial;font-size:9pt;text-align:right;" nowrap="nowrap">4,469&nbsp; </td> <td valign="middle" style="width:03.04%;border-top:1pt solid #808080 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.00pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Arial;font-size: 9pt"> <font style="display: inline;color:#000000;font-size:9pt;">$</font></p> </td> <td valign="middle" style="width:09.80%;border-top:1pt solid #808080 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.00pt;color:#000000;font-family:Arial;font-size:9pt;text-align:right;" nowrap="nowrap">4,303&nbsp; </td> <td valign="middle" style="width:03.04%;border-top:1pt solid #808080 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.00pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Arial;font-size: 9pt"> <font style="display: inline;font-size:9pt;">$</font></p> </td> <td valign="middle" style="width:09.80%;border-top:1pt solid #808080 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.00pt;color:#000000;font-family:Arial;font-size:9pt;text-align:right;" nowrap="nowrap">4,209&nbsp; </td> </tr> <tr> <td valign="middle" style="width:61.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Arial;font-size: 9pt"> <font style="display: inline;font-size:9pt;">&#xFEFF;</font><font style="display: inline;font-size:9pt;"> Energy </font></p> </td> <td valign="middle" style="width:03.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.00pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Arial;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="middle" style="width:09.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.00pt;font-weight:bold;color:#000000;font-family:Arial;font-size:9pt;text-align:right;" nowrap="nowrap">4,608&nbsp; </td> <td valign="middle" style="width:03.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.00pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Arial;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="middle" style="width:09.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.00pt;color:#000000;font-family:Arial;font-size:9pt;text-align:right;" nowrap="nowrap">4,498&nbsp; </td> <td valign="middle" style="width:03.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.00pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Arial;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="middle" style="width:09.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.00pt;color:#000000;font-family:Arial;font-size:9pt;text-align:right;" nowrap="nowrap">3,715&nbsp; </td> </tr> <tr> <td valign="middle" style="width:61.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Arial;font-size: 9pt"> <font style="display: inline;font-size:9pt;">&#xFEFF;</font><font style="display: inline;font-size:9pt;"> Industrial</font></p> </td> <td valign="middle" style="width:03.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.00pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Arial;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="middle" style="width:09.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.00pt;font-weight:bold;color:#000000;font-family:Arial;font-size:9pt;text-align:right;" nowrap="nowrap">5,679&nbsp; </td> <td valign="middle" style="width:03.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.00pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Arial;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="middle" style="width:09.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.00pt;color:#000000;font-family:Arial;font-size:9pt;text-align:right;" nowrap="nowrap">5,204&nbsp; </td> <td valign="middle" style="width:03.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.00pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Arial;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="middle" style="width:09.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.00pt;color:#000000;font-family:Arial;font-size:9pt;text-align:right;" nowrap="nowrap">4,964&nbsp; </td> </tr> <tr> <td valign="middle" style="width:61.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #808080 ;border-right:1pt none #D9D9D9 ;height:12.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Arial;font-size: 9pt"> <font style="display: inline;font-size:9pt;">&#xFEFF;</font><font style="display: inline;font-size:9pt;"> Premium </font></p> </td> <td valign="middle" style="width:03.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #808080 ;border-right:1pt none #D9D9D9 ;height:12.00pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Arial;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="middle" style="width:09.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #808080 ;border-right:1pt none #D9D9D9 ;height:12.00pt;font-weight:bold;color:#000000;font-family:Arial;font-size:9pt;text-align:right;" nowrap="nowrap">6,628&nbsp; </td> <td valign="middle" style="width:03.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #808080 ;border-right:1pt none #D9D9D9 ;height:12.00pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Arial;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="middle" style="width:09.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #808080 ;border-right:1pt none #D9D9D9 ;height:12.00pt;color:#000000;font-family:Arial;font-size:9pt;text-align:right;" nowrap="nowrap">5,832&nbsp; </td> <td valign="middle" style="width:03.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #808080 ;border-right:1pt none #D9D9D9 ;height:12.00pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Arial;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="middle" style="width:09.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #808080 ;border-right:1pt none #D9D9D9 ;height:12.00pt;color:#000000;font-family:Arial;font-size:9pt;text-align:right;" nowrap="nowrap">5,713&nbsp; </td> </tr> <tr> <td valign="middle" style="width:61.48%;border-top:1pt solid #808080 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Arial;font-size: 9pt"> <font style="display: inline;font-size:9pt;">&#xFEFF;</font><font style="display: inline;font-size:9pt;"> Total freight revenues </font></p> </td> <td valign="middle" style="width:03.04%;border-top:1pt solid #808080 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Arial;font-size: 9pt"> <font style="display: inline;font-weight:bold;color:#000000;font-size:9pt;">$</font></p> </td> <td valign="middle" style="width:09.80%;border-top:1pt solid #808080 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;font-weight:bold;color:#000000;font-family:Arial;font-size:9pt;text-align:right;" nowrap="nowrap">21,384&nbsp; </td> <td valign="middle" style="width:03.04%;border-top:1pt solid #808080 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Arial;font-size: 9pt"> <font style="display: inline;font-weight:bold;color:#000000;font-size:9pt;">$</font></p> </td> <td valign="middle" style="width:09.80%;border-top:1pt solid #808080 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Arial;font-size:9pt;text-align:right;" nowrap="nowrap">19,837&nbsp; </td> <td valign="middle" style="width:03.04%;border-top:1pt solid #808080 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Arial;font-size: 9pt"> <font style="display: inline;color:#000000;font-size:9pt;">$</font></p> </td> <td valign="middle" style="width:09.80%;border-top:1pt solid #808080 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Arial;font-size:9pt;text-align:right;" nowrap="nowrap">18,601&nbsp; </td> </tr> <tr> <td valign="middle" style="width:61.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Arial;font-size: 9pt"> <font style="display: inline;font-size:9pt;">&#xFEFF;</font><font style="display: inline;font-size:9pt;"> Other subsidiary revenues </font></p> </td> <td valign="middle" style="width:03.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.00pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Arial;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="middle" style="width:09.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.00pt;font-weight:bold;color:#000000;font-family:Arial;font-size:9pt;text-align:right;" nowrap="nowrap">881&nbsp; </td> <td valign="middle" style="width:03.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.00pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Arial;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="middle" style="width:09.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.00pt;color:#000000;font-family:Arial;font-size:9pt;text-align:right;" nowrap="nowrap">885&nbsp; </td> <td valign="middle" style="width:03.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.00pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Arial;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="middle" style="width:09.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.00pt;color:#000000;font-family:Arial;font-size:9pt;text-align:right;" nowrap="nowrap">814&nbsp; </td> </tr> <tr> <td valign="middle" style="width:61.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Arial;font-size: 9pt"> <font style="display: inline;font-size:9pt;">&#xFEFF;</font><font style="display: inline;font-size:9pt;"> Accessorial revenues</font></p> </td> <td valign="middle" style="width:03.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.00pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Arial;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="middle" style="width:09.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.00pt;font-weight:bold;color:#000000;font-family:Arial;font-size:9pt;text-align:right;" nowrap="nowrap">502&nbsp; </td> <td valign="middle" style="width:03.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.00pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Arial;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="middle" style="width:09.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.00pt;color:#000000;font-family:Arial;font-size:9pt;text-align:right;" nowrap="nowrap">458&nbsp; </td> <td valign="middle" style="width:03.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.00pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Arial;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="middle" style="width:09.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.00pt;color:#000000;font-family:Arial;font-size:9pt;text-align:right;" nowrap="nowrap">455&nbsp; </td> </tr> <tr> <td valign="middle" style="width:61.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #808080 ;border-right:1pt none #D9D9D9 ;height:12.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Arial;font-size: 9pt"> <font style="display: inline;font-size:9pt;">&#xFEFF;</font><font style="display: inline;font-size:9pt;"> Other</font></p> </td> <td valign="middle" style="width:03.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #808080 ;border-right:1pt none #D9D9D9 ;height:12.00pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Arial;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="middle" style="width:09.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #808080 ;border-right:1pt none #D9D9D9 ;height:12.00pt;font-weight:bold;color:#000000;font-family:Arial;font-size:9pt;text-align:right;" nowrap="nowrap">65&nbsp; </td> <td valign="middle" style="width:03.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #808080 ;border-right:1pt none #D9D9D9 ;height:12.00pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Arial;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="middle" style="width:09.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #808080 ;border-right:1pt none #D9D9D9 ;height:12.00pt;color:#000000;font-family:Arial;font-size:9pt;text-align:right;" nowrap="nowrap">60&nbsp; </td> <td valign="middle" style="width:03.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #808080 ;border-right:1pt none #D9D9D9 ;height:12.00pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Arial;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="middle" style="width:09.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #808080 ;border-right:1pt none #D9D9D9 ;height:12.00pt;color:#000000;font-family:Arial;font-size:9pt;text-align:right;" nowrap="nowrap">71&nbsp; </td> </tr> <tr> <td valign="middle" style="width:61.48%;border-top:1pt solid #808080 ;border-left:1pt none #D9D9D9 ;border-bottom:3pt solid #808080 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:18.00pt;padding:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Arial;font-size: 9pt"> <font style="display: inline;font-size:9pt;">&#xFEFF;</font><font style="display: inline;font-size:9pt;"> Total operating revenues </font></p> </td> <td valign="middle" style="width:03.04%;border-top:1pt solid #808080 ;border-left:1pt none #D9D9D9 ;border-bottom:3pt solid #808080 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:18.00pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Arial;font-size: 9pt"> <font style="display: inline;font-weight:bold;color:#000000;font-size:9pt;">$</font></p> </td> <td valign="middle" style="width:09.80%;border-top:1pt solid #808080 ;border-left:1pt none #D9D9D9 ;border-bottom:3pt solid #808080 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:18.00pt;font-weight:bold;color:#000000;font-family:Arial;font-size:9pt;text-align:right;" nowrap="nowrap">22,832&nbsp; </td> <td valign="middle" style="width:03.04%;border-top:1pt solid #808080 ;border-left:1pt none #D9D9D9 ;border-bottom:3pt solid #808080 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:18.00pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Arial;font-size: 9pt"> <font style="display: inline;color:#000000;font-size:9pt;">$</font></p> </td> <td valign="middle" style="width:09.80%;border-top:1pt solid #808080 ;border-left:1pt none #D9D9D9 ;border-bottom:3pt solid #808080 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:18.00pt;color:#000000;font-family:Arial;font-size:9pt;text-align:right;" nowrap="nowrap">21,240&nbsp; </td> <td valign="middle" style="width:03.04%;border-top:1pt solid #808080 ;border-left:1pt none #D9D9D9 ;border-bottom:3pt solid #808080 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:18.00pt;padding:0pt;"> <p style="margin:0pt;text-align:right;line-height:100%;font-family:Arial;font-size: 9pt"> <font style="display: inline;font-size:9pt;">$</font></p> </td> <td valign="middle" style="width:09.80%;border-top:1pt solid #808080 ;border-left:1pt none #D9D9D9 ;border-bottom:3pt solid #808080 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:18.00pt;color:#000000;font-family:Arial;font-size:9pt;text-align:right;" nowrap="nowrap">19,941&nbsp; </td> </tr> </table></div> <p style="margin:0pt;line-height:100%;font-family:Arial;font-size: 10pt"> <font style="display: inline;">&#xFEFF;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:100%;font-family:Arial;font-size: 10pt"> <font style="display: inline;">Although our revenues are principally derived from customers domiciled in the U.S., the ultimate points of origination or destination for some products we transport are outside the U.S. Each of our commodity groups includes revenue from shipments to and from Mexico. Included in the above table are freight revenues from our Mexico business which </font><font style="display: inline;">amounted to </font><font style="display: inline;">$2.5</font><font style="display: inline;"> billion in 2018, </font><font style="display: inline;">$2.3</font><font style="display: inline;"> billion in 2017, and </font><font style="display: inline;">$2.2</font><font style="display: inline;"> billion in 2016.</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:100%;font-family:Arial;font-size: 10pt"> <font style="display: inline;">&#xFEFF;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:100%;font-family:Arial;font-size: 10pt"> <font style="display: inline;font-weight:bold;">Basis of Presentation</font><font style="display: inline;"> &#x2013; The Consolidated Financial Statements are presented in accordance with accounting principles generally accepted in the U.S. (GAAP) as codified in the Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC). </font> </p> <p style="margin:0pt;line-height:100%;font-family:Arial;font-size: 10pt"> <font style="display: inline;">&nbsp;</font> </p> <p><font size="1"> </font></p> </div> </div>
CY2016 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-4246000000
CY2017 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-4146000000
CY2018 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-5222000000
CY2016 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-3393000000
CY2017 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-3086000000
CY2018 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-3411000000
CY2016 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
7525000000
CY2017 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
7230000000
CY2018 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
8686000000
CY2016 us-gaap Net Income Loss
NetIncomeLoss
4233000000
CY2017Q1 us-gaap Net Income Loss
NetIncomeLoss
1072000000
CY2017 us-gaap Net Income Loss
NetIncomeLoss
10712000000
CY2017Q2 us-gaap Net Income Loss
NetIncomeLoss
1168000000
CY2017Q3 us-gaap Net Income Loss
NetIncomeLoss
1194000000
CY2017Q4 us-gaap Net Income Loss
NetIncomeLoss
7278000000
CY2018Q1 us-gaap Net Income Loss
NetIncomeLoss
1310000000
CY2018 us-gaap Net Income Loss
NetIncomeLoss
5966000000
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
1509000000
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
1593000000
CY2018Q4 us-gaap Net Income Loss
NetIncomeLoss
1554000000
CY2016 us-gaap Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component
NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent
-29000000
CY2017 us-gaap Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component
NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent
45000000
CY2018 us-gaap Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component
NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent
-13000000
CY2018 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1
CY2016 us-gaap Operating Expenses
OperatingExpenses
12698000000
CY2017 us-gaap Operating Expenses
OperatingExpenses
13134000000
CY2018 us-gaap Operating Expenses
OperatingExpenses
14315000000
CY2017Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
1788000000
CY2017 us-gaap Operating Income Loss
OperatingIncomeLoss
8106000000
CY2017Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
1998000000
CY2017Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
2073000000
CY2017Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
2247000000
CY2018Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
1939000000
CY2018 us-gaap Operating Income Loss
OperatingIncomeLoss
8517000000
CY2018Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
2099000000
CY2018Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
2269000000
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CY2018 us-gaap Property Plant And Equipment Additional Disclosures
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We currently have more than 60 depreciable asset classes, and we may increase or decrease the number of asset classes due to changes in technology, asset strategies, or other factors.
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CY2017Q4 us-gaap Unrecognized Tax Benefits
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CY2016 us-gaap Unrecognized Tax Benefits Increases Resulting From Settlements With Taxing Authorities
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CY2017Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2018 us-gaap Use Of Estimates
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<div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:100%;font-family:Arial;font-size: 10pt"> <font style="display: inline;font-weight:bold;">Use of Estimates </font><font style="display: inline;">&#x2013; The preparation of our Consolidated Financial Statements in conformity with GAAP requires management to make estimates and assumptions that affect certain reported assets and liabilities, and the disclosure of certain contingent assets and liabilities as of the date of the consolidated financial statements, as well as the reported amounts of revenue and expenses during the reporting period. Actual future results may differ from such estimates.</font> </p> <p><font size="1"> </font></p> </div> </div>
CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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801700000
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
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832400000
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
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798400000

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