2022 Q1 Form 10-Q Financial Statement

#000143774922009414 Filed on April 21, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $5.860B $5.001B
YoY Change 17.18% -4.36%
Cost Of Revenue $1.275B $901.0M
YoY Change 41.51% -5.65%
Gross Profit $4.585B $4.100B
YoY Change 11.83% -4.07%
Gross Profit Margin 78.24% 81.98%
Selling, General & Admin $1.316B $1.238B
YoY Change 6.3% -3.73%
% of Gross Profit 28.7% 30.2%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $555.0M $549.0M
YoY Change 1.09% 0.37%
% of Gross Profit 12.1% 13.39%
Operating Expenses $2.208B $3.008B
YoY Change -26.6% -2.53%
Operating Profit $2.377B $1.993B
YoY Change 19.27% -7.0%
Interest Expense $307.0M $290.0M
YoY Change 5.86% 4.32%
% of Operating Profit 12.92% 14.55%
Other Income/Expense, Net $47.00M $51.00M
YoY Change -7.84% -3.77%
Pretax Income $2.117B $1.754B
YoY Change 20.7% -8.55%
Income Tax $487.0M $413.0M
% Of Pretax Income 23.0% 23.55%
Net Earnings $1.630B $1.341B
YoY Change 21.55% -9.02%
Net Earnings / Revenue 27.82% 26.81%
Basic Earnings Per Share $2.58 $2.01
Diluted Earnings Per Share $2.57 $2.00
COMMON SHARES
Basic Shares Outstanding 632.2M 667.6M
Diluted Shares Outstanding 633.6M 669.2M

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $955.0M $1.243B
YoY Change -23.17% 4.45%
Cash & Equivalents $909.0M $1.183B
Short-Term Investments $46.00M $60.00M
Other Short-Term Assets $237.0M $207.0M
YoY Change 14.49% -18.18%
Inventory $726.0M $659.0M
Prepaid Expenses
Receivables $1.958B $1.610B
Other Receivables $0.00 $0.00
Total Short-Term Assets $3.876B $3.719B
YoY Change 4.22% -2.23%
LONG-TERM ASSETS
Property, Plant & Equipment $55.06B $54.06B
YoY Change 1.85% -0.11%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $2.279B $2.167B
YoY Change 5.17% 4.28%
Other Assets $1.105B $264.0M
YoY Change 318.56% -40.0%
Total Long-Term Assets $60.18B $58.07B
YoY Change 3.62% -0.58%
TOTAL ASSETS
Total Short-Term Assets $3.876B $3.719B
Total Long-Term Assets $60.18B $58.07B
Total Assets $64.05B $61.79B
YoY Change 3.65% -0.68%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $868.0M $634.0M
YoY Change 36.91% -10.83%
Accrued Expenses $1.099B $1.021B
YoY Change 7.64% -4.85%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $1.559B $1.565B
YoY Change -0.38% 3.57%
Total Short-Term Liabilities $5.462B $4.871B
YoY Change 12.13% 4.96%
LONG-TERM LIABILITIES
Long-Term Debt $30.68B $25.12B
YoY Change 22.15% -4.73%
Other Long-Term Liabilities $1.982B $2.073B
YoY Change -4.39% 15.68%
Total Long-Term Liabilities $1.982B $2.073B
YoY Change -4.39% 15.68%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.462B $4.871B
Total Long-Term Liabilities $1.982B $2.073B
Total Liabilities $52.15B $45.54B
YoY Change 14.53% -1.48%
SHAREHOLDERS EQUITY
Retained Earnings $55.94B $52.02B
YoY Change 7.53% 5.26%
Common Stock $2.782B $2.781B
YoY Change 0.04% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $50.52B $41.83B
YoY Change 20.77% 7.27%
Treasury Stock Shares
Shareholders Equity $11.90B $16.25B
YoY Change
Total Liabilities & Shareholders Equity $64.05B $61.79B
YoY Change 3.65% -0.68%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income $1.630B $1.341B
YoY Change 21.55% -9.02%
Depreciation, Depletion And Amortization $555.0M $549.0M
YoY Change 1.09% 0.37%
Cash From Operating Activities $2.236B $1.958B
YoY Change 14.2% -9.14%
INVESTING ACTIVITIES
Capital Expenditures $848.0M $536.0M
YoY Change 58.21% -33.58%
Acquisitions
YoY Change
Other Investing Activities $20.00M -$14.00M
YoY Change -242.86% -275.0%
Cash From Investing Activities -$836.0M -$505.0M
YoY Change 65.54% -37.42%
FINANCING ACTIVITIES
Cash Dividend Paid $743.0M $650.0M
YoY Change 14.31% -1.52%
Common Stock Issuance & Retirement, Net $2.743B $1.347B
YoY Change 103.64% -47.3%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$1.453B -$2.073B
YoY Change -29.91% 107.92%
NET CHANGE
Cash From Operating Activities $2.236B $1.958B
Cash From Investing Activities -$836.0M -$505.0M
Cash From Financing Activities -$1.453B -$2.073B
Net Change In Cash -$53.00M -$620.0M
YoY Change -91.45% -276.64%
FREE CASH FLOW
Cash From Operating Activities $2.236B $1.958B
Capital Expenditures $848.0M $536.0M
Free Cash Flow $1.388B $1.422B
YoY Change -2.39% 5.49%

Facts In Submission

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CapitalExpendituresIncurredButNotYetPaid
99000000 USD
CY2022Q1 unp Repurchase Of Common Stock Not Yet Paid
RepurchaseOfCommonStockNotYetPaid
10000000 USD
CY2021Q1 unp Repurchase Of Common Stock Not Yet Paid
RepurchaseOfCommonStockNotYetPaid
55000000 USD
CY2022Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-7000000 USD
CY2021Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-1000000 USD
CY2022Q1 us-gaap Interest Paid Net
InterestPaidNet
382000000 USD
CY2021Q1 us-gaap Interest Paid Net
InterestPaidNet
394000000 USD
CY2022Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
909000000 USD
CY2021Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1183000000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
930000000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1198000000 USD
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
16958000000 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
1341000000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-1000000 USD
CY2021Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
6000000 USD
CY2021Q1 unp Treasury Stock Value Acquired Cost Method Including Amount Paid In Excess
TreasuryStockValueAcquiredCostMethodIncludingAmountPaidInExcess
1402000000 USD
CY2021Q1 us-gaap Dividends
Dividends
648000000 USD
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
16254000000 USD
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
14161000000 USD
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
1630000000 USD
CY2022Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
36000000 USD
CY2022Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
5000000 USD
CY2022Q1 unp Treasury Stock Value Acquired Cost Method Including Amount Paid In Excess
TreasuryStockValueAcquiredCostMethodIncludingAmountPaidInExcess
3193000000 USD
CY2022Q1 us-gaap Dividends
Dividends
742000000 USD
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
11897000000 USD
CY2022Q1 us-gaap Basis Of Accounting
BasisOfAccounting
<p style="font-family: Arial; font-size: 10pt; font-variant: normal; text-align: justify; margin: 0pt;"><span style="color:#000000;"><b><em style="font: inherit;">1.</em> Basis of Presentation</b></span></p> <p style="font-family: Arial; font-size: 10pt; font-variant: normal; margin: 0pt;"> </p> <p style="font-family: Arial; font-size: 10pt; font-variant: normal; text-align: justify; margin: 0pt;"><span style="color:#000000;">Our Condensed Consolidated Financial Statements are unaudited and reflect all adjustments (consisting of normal and recurring adjustments) that are, in the opinion of management, necessary for their fair presentation in conformity with accounting principles generally accepted in the United States of America (GAAP). Pursuant to the rules and regulations of the Securities and Exchange Commission (SEC), certain information and note disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted. Accordingly, this Quarterly Report on Form <em style="font: inherit;">10</em>-Q should be read in conjunction with our Consolidated Financial Statements and notes thereto contained in our </span><span style="color:#000000;"><em style="font: inherit;">2021</em></span><span style="color:#000000;"> Annual Report on Form <em style="font: inherit;">10</em>-K. Our Consolidated Statement of Financial Position at </span><span style="color:#000000;"><em style="font: inherit;"> December 31, 2021</em></span><span style="color:#000000;">, is derived from audited financial statements. The results of operations for the <em style="font: inherit;">three</em> months ended </span><span style="color:#000000;"><em style="font: inherit;"> March 31, 2022</em></span><span style="color:#000000;">, are <em style="font: inherit;">not</em> necessarily indicative of the results for the entire year ending </span><span style="color:#000000;"><em style="font: inherit;"> December 31, 2022</em></span><span style="color:#000000;">.</span></p> <p style="font-family: Arial; font-size: 10pt; font-variant: normal; margin: 0pt;"> </p> <p style="font-family: Arial; font-size: 10pt; font-variant: normal; text-align: justify; margin: 0pt;"><span style="color:#000000;">The Condensed Consolidated Financial Statements are presented in accordance with GAAP as codified in the Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC).</span></p>
CY2022Q1 us-gaap Nature Of Operations
NatureOfOperations
<p style="font-family: Arial; font-size: 10pt; font-variant: normal; text-align: justify; margin: 0pt;"><span style="color:#000000;"><b><em style="font: inherit;">3.</em> Operations and Segmentation</b></span></p> <p style="font-family: Arial; font-size: 10pt; font-variant: normal; margin: 0pt;"> </p> <p style="font-family: Arial; font-size: 10pt; font-variant: normal; text-align: justify; margin: 0pt;"><span style="color:#000000;">The Railroad, along with its subsidiaries and rail affiliates, is our one reportable operating segment. Although we provide and analyze revenue by commodity group, we treat the financial results of the Railroad as <em style="font: inherit;">one</em> segment due to the integrated nature of our rail network. Our operating revenues are primarily derived from contracts with customers for the transportation of freight from origin to destination.</span></p> <p style="font-family: Arial; font-size: 10pt; font-variant: normal; margin: 0pt;"> </p> <p style="font-family: Arial; font-size: 10pt; font-variant: normal; margin: 0pt;"><span style="color:#000000;">The following table represents a disaggregation of our freight and other revenues:</span></p> <p style="font-family: Arial; font-size: 10pt; font-variant: normal; margin: 0pt;"> </p> <table cellpadding="0" cellspacing="0" class="finTable" style="width: 100%; font-size: 10pt; font-family: Arial, Helvetica, sans-serif; text-indent: 0px; margin-left: 0pt; margin-right: 0pt;"><tbody><tr class="GFJY4-DFU-com-rdg-thunderdome-client-resources-CssResource-html-lineItem-v2v-addition" style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0); width: 82%;"> <p style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; font-variant: normal; margin-top: 0pt; margin-bottom: 0pt;"><span style="color:#000000;"><i>Millions, for the Three Months Ended March 31,</i></span></p> </td><td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0); width: 1%;"> </td><td colspan="2" style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0); width: 1%;"> <p style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; font-variant: normal; text-align: right; margin: 0pt;"><span style="color:#000000;"><b><i><em style="font: inherit;">2022</em></i></b></span></p> </td><td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0); width: 1%;"> </td><td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0); width: 3%;"> </td><td colspan="2" style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0); width: 1%;"> <p style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; font-variant: normal; text-align: right; margin: 0pt;"><span style="color:#000000;"><i><em style="font: inherit;">2021</em></i></span></p> </td><td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0); width: 1%;"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 82%;"> <p style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; font-variant: normal; margin-top: 0pt; margin-bottom: 0pt;"><span style="color:#000000;">Bulk</span></p> </td><td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td><td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; text-align: right;"><span style="color:#000000;"><b>$</b></span></td><td style="width: 5%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><span style="color:#000000;"><b>1,832</b></span></td><td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td><td style="width: 3%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td><td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; text-align: right;"><span style="color:#000000;">$</span></td><td style="width: 5%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><span style="color:#000000;">1,512</span></td><td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 82%;"> <p style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; font-variant: normal; margin-top: 0pt; margin-bottom: 0pt;"><span style="color:#000000;">Industrial</span></p> </td><td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td><td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td><td style="width: 5%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><span style="color:#000000;"><b>1,921</b></span></td><td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td><td style="width: 3%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td><td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td><td style="width: 5%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><span style="color:#000000;">1,656</span></td><td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); width: 82%;"> <p style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; font-variant: normal; margin-top: 0pt; margin-bottom: 0pt;"><span style="color:#000000;">Premium</span></p> </td><td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 5%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><span style="color:#000000;"><b>1,687</b></span></td><td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 3%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 5%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><span style="color:#000000;">1,481</span></td><td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); width: 82%;"> <p style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; font-variant: normal; margin-top: 0pt; margin-bottom: 0pt;"><span style="color:#000000;">Total freight revenues</span></p> </td><td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); text-align: right;"><span style="color:#000000;"><b>$</b></span></td><td style="width: 5%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><span style="color:#000000;"><b>5,440</b></span></td><td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 3%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); text-align: right;"><span style="color:#000000;">$</span></td><td style="width: 5%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><span style="color:#000000;">4,649</span></td><td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 82%;"> <p style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; font-variant: normal; margin-top: 0pt; margin-bottom: 0pt;"><span style="color:#000000;">Other subsidiary revenues</span></p> </td><td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td><td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td><td style="width: 5%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><span style="color:#000000;"><b>205</b></span></td><td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td><td style="width: 3%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td><td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td><td style="width: 5%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><span style="color:#000000;">177</span></td><td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 82%;"> <p style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; font-variant: normal; margin-top: 0pt; margin-bottom: 0pt;"><span style="color:#000000;">Accessorial revenues</span></p> </td><td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td><td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td><td style="width: 5%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><span style="color:#000000;"><b>201</b></span></td><td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td><td style="width: 3%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td><td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td><td style="width: 5%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><span style="color:#000000;">161</span></td><td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); width: 82%;"> <p style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; font-variant: normal; margin-top: 0pt; margin-bottom: 0pt;"><span style="color:#000000;">Other</span></p> </td><td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 5%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><span style="color:#000000;"><b>14</b></span></td><td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 3%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 5%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><span style="color:#000000;">14</span></td><td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); width: 82%;"> <p style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; font-variant: normal; margin-top: 0pt; margin-bottom: 0pt;"><span style="color:#000000;">Total operating revenues</span></p> </td><td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 2px solid rgb(0, 0, 0); text-align: right;"><span style="color:#000000;"><b>$</b></span></td><td style="width: 5%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 2px solid rgb(0, 0, 0);"><span style="color:#000000;"><b>5,860</b></span></td><td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 2px solid rgb(0, 0, 0);"> </td><td style="width: 3%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 2px solid rgb(0, 0, 0); text-align: right;"><span style="color:#000000;">$</span></td><td style="width: 5%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 2px solid rgb(0, 0, 0);"><span style="color:#000000;">5,001</span></td><td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 2px solid rgb(0, 0, 0);"> </td></tr> </tbody></table> <p style="font-family: Arial; font-size: 10pt; font-variant: normal; margin: 0pt;"> </p> <p style="font-family: Arial; font-size: 10pt; font-variant: normal; text-align: justify; margin: 0pt;"><span style="color:#000000;">Although our revenues are principally derived from customers domiciled in the U.S., the ultimate points of origin 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 amounted to $654 million and $565 million, respectively, for the <em style="font: inherit;">three</em> months ended </span><span style="color:#000000;"><em style="font: inherit;"> March 31, 2022 </em>and <em style="font: inherit;">2021</em></span><span style="color:#000000;">. </span></p>
CY2022Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 pure
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5860000000 USD
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5001000000 USD
CY2022Q1 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
322000
CY2022Q1 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
4000000 USD
CY2021Q1 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
4000000 USD
CY2022Q1 us-gaap Restricted Stock Expense
RestrictedStockExpense
22000000 USD
CY2021Q1 us-gaap Restricted Stock Expense
RestrictedStockExpense
16000000 USD
CY2022Q1 us-gaap Share Based Compensation
ShareBasedCompensation
30000000 USD
CY2021Q1 us-gaap Share Based Compensation
ShareBasedCompensation
20000000 USD
CY2022Q1 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
17000000 USD
CY2021Q1 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
15000000 USD
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2106000
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
149.84
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y3M18D
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
215000000 USD
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
328000
CY2022Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
244.35
CY2022Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
127.49
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
6000
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
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CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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P6Y9M18D
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
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CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
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CY2022Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
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CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
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CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
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CY2022Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P5Y7M6D
CY2022Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
185000000 USD
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42000000 USD
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23000000 USD
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CY2022Q1 us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
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CY2021Q1 us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
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CY2022Q1 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
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CY2021Q1 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
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CY2021Q1 us-gaap Rental Income Nonoperating
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CY2022Q1 unp Environmental Nonoperating
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CY2021Q1 unp Environmental Nonoperating
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CY2022Q1 us-gaap Other Nonoperating Income Expense
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CY2021Q1 us-gaap Other Nonoperating Income Expense
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CY2022Q1 us-gaap Net Income Loss
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CY2021Q1 us-gaap Net Income Loss
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CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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632200000
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2022Q1 us-gaap Earnings Per Share Basic
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CY2021Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2022Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
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CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
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CY2022Q1 unp Total Transfer Capacity Undivided Interests To Investors Under Receivables Securitization Facility
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CY2022Q1 unp Value Outstanding Undivided Interest Held By Investors Under Receivables Securitization Facility
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CY2021Q4 unp Value Outstanding Undivided Interest Held By Investors Under Receivables Securitization Facility
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CY2022Q1 unp Accounts Receivable Supporting Undivided Investor Held Interest
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CY2022Q1 us-gaap Property Plant And Equipment Gross
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CY2022Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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CY2022Q1 us-gaap Property Plant And Equipment Net
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CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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CY2022Q1 us-gaap Accrued Employee Benefits Current
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CY2022Q1 us-gaap Interest Payable Current
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CY2021Q4 us-gaap Interest Payable Current
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CY2022Q1 us-gaap Loss Contingency Accrual Carrying Value Current
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CY2022Q1 us-gaap Other Accrued Liabilities Current
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CY2022Q1 us-gaap Accounts Payable And Accrued Liabilities Current
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CY2021Q1 us-gaap Accrual For Environmental Loss Contingencies Payments1
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CY2022Q1 us-gaap Accrual For Environmental Loss Contingencies
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CY2021Q1 us-gaap Accrual For Environmental Loss Contingencies
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64000000 USD
CY2022Q1 us-gaap Accrual For Environmental Loss Contingencies Payments1
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CY2022Q1 us-gaap Debt Instrument Fair Value
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CY2021Q4 us-gaap Debt Instrument Fair Value
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CY2021Q4 unp Fair Value Of Total Debt In Excess Of Carrying Value
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CY2022Q1 us-gaap Proceeds From Issuance Of Commercial Paper
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CY2022Q1 us-gaap Repayments Of Commercial Paper
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1300000000 USD
CY2022Q1 unp Commercial Paper Maturity Duration Minimum
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CY2022Q1 unp Commercial Paper Maturity Duration Maximum
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CY2022Q1 us-gaap Commercial Paper
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CY2022Q1 unp Board Of Directors Authorized Debt Issuance
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CY2022Q1 unp Board Of Directors Remaining Debt Issuance
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CY2022Q1 unp Sites Identified
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CY2022Q1 unp Sites Subject Of Actions Taken By Us Government
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CY2022Q1 unp Sites On Superfund National Priorities List
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CY2021Q4 us-gaap Accrual For Environmental Loss Contingencies
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243000000 USD
CY2020Q4 us-gaap Accrual For Environmental Loss Contingencies
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233000000 USD
CY2022Q1 us-gaap Accrual For Environmental Loss Contingencies Charges To Expense For New Losses
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40000000 USD
CY2021Q1 us-gaap Accrual For Environmental Loss Contingencies Charges To Expense For New Losses
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12000000 USD
CY2021Q1 us-gaap Accrued Environmental Loss Contingencies Current
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63000000 USD
CY2022Q1 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
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150000000
us-gaap Treasury Stock Shares Acquired
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83300000
CY2022Q1 us-gaap Treasury Stock Shares Acquired
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11014201
CY2021Q1 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
6691421
CY2022Q1 us-gaap Treasury Stock Acquired Average Cost Per Share
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249.95
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209.50

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