2024 Q4 Form 10-Q Financial Statement

#000143774924032008 Filed on October 24, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3 2023 Q3
Revenue $6.091B $5.941B
YoY Change 2.52% -9.52%
Cost Of Revenue $1.254B $1.370B
YoY Change -8.47% -12.07%
Gross Profit $4.837B $4.571B
YoY Change 5.82% -8.73%
Gross Profit Margin 79.41% 76.94%
Selling, General & Admin $1.465B $1.436B
YoY Change 2.02% -3.82%
% of Gross Profit 30.29% 31.42%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $602.0M $580.0M
YoY Change 3.79% 3.02%
% of Gross Profit 12.45% 12.69%
Operating Expenses $2.421B $2.394B
YoY Change 1.13% 0.8%
Operating Profit $2.416B $2.177B
YoY Change 10.98% -17.32%
Interest Expense $314.0M $334.0M
YoY Change -5.99% 6.03%
% of Operating Profit 13.0% 15.34%
Other Income/Expense, Net $87.00M $106.0M
YoY Change -17.92% -14.52%
Pretax Income $2.189B $1.949B
YoY Change 12.31% -20.19%
Income Tax $518.0M $421.0M
% Of Pretax Income 23.66% 21.6%
Net Earnings $1.671B $1.528B
YoY Change 9.36% -19.37%
Net Earnings / Revenue 27.43% 25.72%
Basic Earnings Per Share $2.75 $2.51
Diluted Earnings Per Share $2.75 $2.51
COMMON SHARES
Basic Shares Outstanding 606.3M 609.2M 609.5M
Diluted Shares Outstanding 608.6M 609.8M

Balance Sheet

Concept 2024 Q4 2024 Q3 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $967.0M $766.0M
YoY Change 26.24% -41.66%
Cash & Equivalents $947.0M $750.0M
Short-Term Investments $20.00M $16.00M
Other Short-Term Assets $371.0M $343.0M
YoY Change 8.16% 39.43%
Inventory $775.0M $770.0M
Prepaid Expenses
Receivables $2.036B $1.934B
Other Receivables $0.00 $0.00
Total Short-Term Assets $4.149B $3.813B
YoY Change 8.81% -13.44%
LONG-TERM ASSETS
Property, Plant & Equipment $58.04B $57.01B
YoY Change 1.8% 2.37%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $2.649B $2.580B
YoY Change 2.67% 11.5%
Other Assets $1.391B $1.467B
YoY Change -5.18% 19.07%
Total Long-Term Assets $63.42B $62.73B
YoY Change 1.11% 2.94%
TOTAL ASSETS
Total Short-Term Assets $4.149B $3.813B
Total Long-Term Assets $63.42B $62.73B
Total Assets $67.57B $66.54B
YoY Change 1.55% 1.83%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $830.0M $936.0M
YoY Change -11.32% 2.18%
Accrued Expenses $1.555B $1.450B
YoY Change 7.24% 85.19%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $1.652B $1.724B
YoY Change -4.18% 2.74%
Total Short-Term Liabilities $5.366B $5.304B
YoY Change 1.17% -7.14%
LONG-TERM LIABILITIES
Long-Term Debt $29.76B $31.15B
YoY Change -4.47% -1.86%
Other Long-Term Liabilities $1.726B $1.740B
YoY Change -0.8% -11.81%
Total Long-Term Liabilities $1.726B $1.740B
YoY Change -0.8% -11.81%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.366B $5.304B
Total Long-Term Liabilities $1.726B $1.740B
Total Liabilities $50.99B $52.54B
YoY Change -2.95% -1.99%
SHAREHOLDERS EQUITY
Retained Earnings $64.68B $61.24B
YoY Change 5.62% 5.49%
Common Stock $2.783B $2.782B
YoY Change 0.04% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $55.48B $54.68B
YoY Change 1.46% 2.58%
Treasury Stock Shares
Shareholders Equity $16.58B $14.00B
YoY Change
Total Liabilities & Shareholders Equity $67.57B $66.54B
YoY Change 1.55% 1.83%

Cashflow Statement

Concept 2024 Q4 2024 Q3 2023 Q3
OPERATING ACTIVITIES
Net Income $1.671B $1.528B
YoY Change 9.36% -19.37%
Depreciation, Depletion And Amortization $602.0M $580.0M
YoY Change 3.79% 3.02%
Cash From Operating Activities $2.651B $2.126B
YoY Change 24.69% -26.77%
INVESTING ACTIVITIES
Capital Expenditures $831.0M $975.0M
YoY Change -14.77% -193.3%
Acquisitions
YoY Change
Other Investing Activities -$3.000M -$1.000M
YoY Change 200.0% -103.85%
Cash From Investing Activities -$834.0M -$976.0M
YoY Change -14.55% -4.22%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.007B -1.212B
YoY Change 65.59% -14.29%
NET CHANGE
Cash From Operating Activities 2.651B 2.126B
Cash From Investing Activities -834.0M -976.0M
Cash From Financing Activities -2.007B -1.212B
Net Change In Cash -190.0M -62.00M
YoY Change 206.45% -113.19%
FREE CASH FLOW
Cash From Operating Activities $2.651B $2.126B
Capital Expenditures $831.0M $975.0M
Free Cash Flow $1.820B $1.151B
YoY Change 58.12% -70.85%

Facts In Submission

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CY2023Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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CY2023Q3 us-gaap Restricted Cash And Cash Equivalents Noncurrent
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CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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us-gaap Stock Issued During Period Value Share Based Compensation
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CY2023Q3 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2024Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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CY2023Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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CY2023Q3 us-gaap Restricted Cash And Cash Equivalents Noncurrent
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CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2023Q3 us-gaap Stock Issued During Period Value Share Based Compensation
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us-gaap Basis Of Accounting
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<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;">2023</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, 2023</em></span><span style="color:#000000;">, is derived from audited financial statements. The results of operations for the </span><span style="color:#000000;"><em style="font: inherit;">nine</em></span><span style="color:#000000;"> months ended </span><span style="color:#000000;"><em style="font: inherit;"> September 30, 2024</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, 2024</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>
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;">2023</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, 2023</em></span><span style="color:#000000;">, is derived from audited financial statements. The results of operations for the </span><span style="color:#000000;"><em style="font: inherit;">nine</em></span><span style="color:#000000;"> months ended </span><span style="color:#000000;"><em style="font: inherit;"> September 30, 2024</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, 2024</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>
us-gaap Nature Of Operations
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<p style="font-family: Arial; font-size: 10pt; font-variant: normal; text-align: justify; margin: 0pt;"><span style="color:#000000;"><b style="color: rgb(0, 0, 0); font-family: Arial; font-size: 10pt; text-align: justify;"><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 <span style="-sec-ix-hidden:c117324583">one</span> reportable operating segment. Although we provide and analyze revenues by commodity group, we treat the financial results of the Railroad as <span style="-sec-ix-hidden:c117324584">one</span> 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: 'Times New Roman', Times, serif; font-size: 10pt; margin: 0pt; text-align: left"> </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 border="0" cellpadding="0" cellspacing="0" class="finTable" style="width: 100%; font-size: 10pt; font-family: Arial, Helvetica, sans-serif; text-indent: 0px;"> <tbody> <tr class="finHeading" style="vertical-align: bottom; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <td style="border-top: 1px solid rgb(0, 0, 0); font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="border-top: 1px solid rgb(0, 0, 0); font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td colspan="6" style="border-top: 1px solid rgb(0, 0, 0); text-align: center; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> <p style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; font-variant: normal; text-align: center; margin: 0pt;"><span style="color:#000000;"><i><i>Three Months Ended</i></i></span></p> </td> <td style="border-top: 1px solid rgb(0, 0, 0); font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="border-top: 1px solid rgb(0, 0, 0); font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td colspan="6" style="border-top: 1px solid rgb(0, 0, 0); text-align: center; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> <p style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; font-variant: normal; text-align: center; margin: 0pt;"><span style="color:#000000;"><i><i>Nine Months Ended</i></i></span></p> </td> <td style="border-top: 1px solid rgb(0, 0, 0); font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> </tr> <tr class="finHeading" style="vertical-align: bottom; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td colspan="6" style="text-align: center; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid black;"> <p style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; font-variant: normal; text-align: center; margin: 0pt;"><span style="color:#000000;"><i><i>September 30,</i></i></span></p> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid black;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td colspan="6" style="text-align: center; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid black;"> <p style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; font-variant: normal; text-align: center; margin: 0pt;"><span style="color:#000000;"><i><i>September 30,</i></i></span></p> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid black;"> </td> </tr> <tr class="finHeading" style="vertical-align: bottom; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; width: 52%;"> <p style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; font-variant: normal; margin: 0pt;"><span style="color:#000000;"><i>Millions</i></span></p> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> <p style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; font-variant: normal; text-align: right; margin: 0pt;"><span style="color:#000000;"><i><b><b><i><em style="font: inherit;">2024</em></i></b></b></i></span></p> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> <p style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; font-variant: normal; text-align: right; margin: 0pt;"><span style="color:#000000;"><i><i><em style="font: inherit;">2023</em></i></i></span></p> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> <p style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; font-variant: normal; text-align: right; margin: 0pt;"><span style="color:#000000;"><i><b><b><i><em style="font: inherit;">2024</em></i></b></b></i></span></p> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> <p style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; font-variant: normal; text-align: right; margin: 0pt;"><span style="color:#000000;"><i><i><em style="font: inherit;">2023</em></i></i></span></p> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> </tr> <tr style="vertical-align: bottom; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; background-color: rgb(204, 238, 255);"> <td style="border-top: 1px solid black; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> <p style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; font-variant: normal; margin: 0pt;"><span style="color:#000000;">Bulk</span></p> </td> <td style="width: 1%; border-top: 1px solid black; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 1%; border-top: 1px solid black; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><span style="color:#000000;"><b>$</b></span></td> <td style="width: 9%; border-top: 1px solid black; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><span style="color:#000000;"><b>1,805</b></span></td> <td style="width: 1%; border-top: 1px solid black; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; border-top: 1px solid black; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 1%; border-top: 1px solid black; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><span style="color:#000000;">$</span></td> <td style="width: 9%; border-top: 1px solid black; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><span style="color:#000000;">1,766</span></td> <td style="width: 1%; border-top: 1px solid black; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; border-top: 1px solid black; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 1%; border-top: 1px solid black; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><span style="color:#000000;"><b>$</b></span></td> <td style="width: 9%; border-top: 1px solid black; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><span style="color:#000000;"><b>5,343</b></span></td> <td style="width: 1%; border-top: 1px solid black; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; border-top: 1px solid black; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 1%; border-top: 1px solid black; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><span style="color:#000000;">$</span></td> <td style="width: 9%; border-top: 1px solid black; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><span style="color:#000000;">5,420</span></td> <td style="width: 1%; border-top: 1px solid black; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; background-color: rgb(255, 255, 255);"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> <p style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; font-variant: normal; margin: 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;"><span style="color:#000000;"><b> </b></span></td> <td style="width: 9%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><span style="color:#000000;"><b>2,121</b></span></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </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: 9%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><span style="color:#000000;">2,057</span></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </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;"><span style="color:#000000;"><b> </b></span></td> <td style="width: 9%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><span style="color:#000000;"><b>6,348</b></span></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </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: 9%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><span style="color:#000000;">6,160</span></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; background-color: rgb(204, 238, 255);"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <p style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; font-variant: normal; margin: 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);"><span style="color:#000000;"><b> </b></span></td> <td style="width: 9%; 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>1,842</b></span></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </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: 9%; 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;">1,722</span></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </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);"><span style="color:#000000;"><b> </b></span></td> <td style="width: 9%; 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>5,331</b></span></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </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: 9%; 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;">5,190</span></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; background-color: rgb(255, 255, 255);"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <p style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; font-variant: normal; margin: 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);"><span style="color:#000000;"><b>$</b></span></td> <td style="width: 9%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><span style="color:#000000;"><b>5,768</b></span></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><span style="color:#000000;">$</span></td> <td style="width: 9%; 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;">5,545</span></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </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);"><span style="color:#000000;"><b>$</b></span></td> <td style="width: 9%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><span style="color:#000000;"><b>17,022</b></span></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><span style="color:#000000;">$</span></td> <td style="width: 9%; 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;">16,770</span></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; background-color: rgb(204, 238, 255);"> <td style="padding-left: 0px; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> <p style="margin: 0pt; font-size: 10pt; font-family: Arial, Helvetica, sans-serif;"><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;"><span style="color:#000000;"><b> </b></span></td> <td style="width: 9%; text-align: right; padding-left: 0px; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0px;"><span style="color:#000000;"><b>179</b></span></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </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: 9%; text-align: right; padding-left: 0px; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0px;"><span style="color:#000000;">226</span></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </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;"><span style="color:#000000;"><b> </b></span></td> <td style="width: 9%; text-align: right; padding-left: 0px; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0px;"><span style="color:#000000;"><b>608</b></span></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </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: 9%; text-align: right; padding-left: 0px; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0px;"><span style="color:#000000;">681</span></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; background-color: rgb(255, 255, 255);"> <td style="padding-left: 0px; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> <p style="margin: 0pt; font-size: 10pt; font-family: Arial, Helvetica, sans-serif;"><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;"><span style="color:#000000;"><b> </b></span></td> <td style="width: 9%; text-align: right; padding-left: 0px; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0px;"><span style="color:#000000;"><b>122</b></span></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </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: 9%; text-align: right; padding-left: 0px; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0px;"><span style="color:#000000;">142</span></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </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;"><span style="color:#000000;"><b> </b></span></td> <td style="width: 9%; text-align: right; padding-left: 0px; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0px;"><span style="color:#000000;"><b>427</b></span></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </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: 9%; text-align: right; padding-left: 0px; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0px;"><span style="color:#000000;">442</span></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; background-color: rgb(204, 238, 255);"> <td style="padding-left: 0px; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <p style="margin: 0pt; font-size: 10pt; font-family: Arial, Helvetica, sans-serif;"><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);"><span style="color:#000000;"><b> </b></span></td> <td style="width: 9%; text-align: right; padding-left: 0px; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0px; border-bottom: 1px solid rgb(0, 0, 0);"><span style="color:#000000;"><b>22</b></span></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </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: 9%; text-align: right; padding-left: 0px; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0px; border-bottom: 1px solid rgb(0, 0, 0);"><span style="color:#000000;">28</span></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </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);"><span style="color:#000000;"><b> </b></span></td> <td style="width: 9%; text-align: right; padding-left: 0px; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0px; border-bottom: 1px solid rgb(0, 0, 0);"><span style="color:#000000;"><b>72</b></span></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </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: 9%; text-align: right; padding-left: 0px; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0px; border-bottom: 1px solid rgb(0, 0, 0);"><span style="color:#000000;">67</span></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; background-color: rgb(255, 255, 255);"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <p style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; font-variant: normal; margin: 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: 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);"><span style="color:#000000;"><b>$</b></span></td> <td style="width: 9%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><span style="color:#000000;"><b>6,091</b></span></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><span style="color:#000000;">$</span></td> <td style="width: 9%; 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;">5,941</span></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </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);"><span style="color:#000000;"><b>$</b></span></td> <td style="width: 9%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><span style="color:#000000;"><b>18,129</b></span></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><span style="color:#000000;">$</span></td> <td style="width: 9%; 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;">17,960</span></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </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; margin: 0pt; text-align: justify;"><span style="color:#000000;">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 revenues from shipments to and from Mexico. Included in the above table are revenues from our Mexico business, which amounted to $724 million and $673 million for the <em style="font: inherit;">three</em> months ended </span><span style="color:#000000;"><em style="font: inherit;"> September 30, 2024 </em>and <em style="font: inherit;">2023</em></span><span style="color:#000000;">, respectively, and $2.3 billion and $2.1 billion for the </span><span style="color:#000000;"><em style="font: inherit;">nine</em></span><span style="color:#000000;"> months ended </span><span style="color:#000000;"><em style="font: inherit;"> September 30, 2024 </em>and <em style="font: inherit;">2023</em></span><span style="color:#000000;">, respectively.</span></p>
CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
6091000000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5941000000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
18129000000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
17960000000 usd
CY2024Q3 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
4000000 usd
CY2023Q3 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
4000000 usd
us-gaap Stock Option Plan Expense
StockOptionPlanExpense
13000000 usd
us-gaap Stock Option Plan Expense
StockOptionPlanExpense
12000000 usd
CY2024Q3 us-gaap Restricted Stock Expense
RestrictedStockExpense
23000000 usd
CY2023Q3 us-gaap Restricted Stock Expense
RestrictedStockExpense
24000000 usd
us-gaap Restricted Stock Expense
RestrictedStockExpense
58000000 usd
us-gaap Restricted Stock Expense
RestrictedStockExpense
57000000 usd
CY2024Q3 us-gaap Share Based Compensation
ShareBasedCompensation
33000000 usd
CY2023Q3 us-gaap Share Based Compensation
ShareBasedCompensation
32000000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
87000000 usd
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 style="color: rgb(0, 0, 0); font-family: Arial; font-size: 10pt; text-align: justify;"><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 <span style="-sec-ix-hidden:c117324583">one</span> reportable operating segment. Although we provide and analyze revenues by commodity group, we treat the financial results of the Railroad as <span style="-sec-ix-hidden:c117324584">one</span> 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: 'Times New Roman', Times, serif; font-size: 10pt; margin: 0pt; text-align: left"> </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 border="0" cellpadding="0" cellspacing="0" class="finTable" style="width: 100%; font-size: 10pt; font-family: Arial, Helvetica, sans-serif; text-indent: 0px;"> <tbody> <tr class="finHeading" style="vertical-align: bottom; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <td style="border-top: 1px solid rgb(0, 0, 0); font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="border-top: 1px solid rgb(0, 0, 0); font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td colspan="6" style="border-top: 1px solid rgb(0, 0, 0); text-align: center; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> <p style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; font-variant: normal; text-align: center; margin: 0pt;"><span style="color:#000000;"><i><i>Three Months Ended</i></i></span></p> </td> <td style="border-top: 1px solid rgb(0, 0, 0); font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="border-top: 1px solid rgb(0, 0, 0); font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td colspan="6" style="border-top: 1px solid rgb(0, 0, 0); text-align: center; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> <p style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; font-variant: normal; text-align: center; margin: 0pt;"><span style="color:#000000;"><i><i>Nine Months Ended</i></i></span></p> </td> <td style="border-top: 1px solid rgb(0, 0, 0); font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> </tr> <tr class="finHeading" style="vertical-align: bottom; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td colspan="6" style="text-align: center; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid black;"> <p style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; font-variant: normal; text-align: center; margin: 0pt;"><span style="color:#000000;"><i><i>September 30,</i></i></span></p> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid black;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td colspan="6" style="text-align: center; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid black;"> <p style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; font-variant: normal; text-align: center; margin: 0pt;"><span style="color:#000000;"><i><i>September 30,</i></i></span></p> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid black;"> </td> </tr> <tr class="finHeading" style="vertical-align: bottom; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; width: 52%;"> <p style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; font-variant: normal; margin: 0pt;"><span style="color:#000000;"><i>Millions</i></span></p> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> <p style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; font-variant: normal; text-align: right; margin: 0pt;"><span style="color:#000000;"><i><b><b><i><em style="font: inherit;">2024</em></i></b></b></i></span></p> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> <p style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; font-variant: normal; text-align: right; margin: 0pt;"><span style="color:#000000;"><i><i><em style="font: inherit;">2023</em></i></i></span></p> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> <p style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; font-variant: normal; text-align: right; margin: 0pt;"><span style="color:#000000;"><i><b><b><i><em style="font: inherit;">2024</em></i></b></b></i></span></p> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> <p style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; font-variant: normal; text-align: right; margin: 0pt;"><span style="color:#000000;"><i><i><em style="font: inherit;">2023</em></i></i></span></p> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> </tr> <tr style="vertical-align: bottom; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; background-color: rgb(204, 238, 255);"> <td style="border-top: 1px solid black; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> <p style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; font-variant: normal; margin: 0pt;"><span style="color:#000000;">Bulk</span></p> </td> <td style="width: 1%; border-top: 1px solid black; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 1%; border-top: 1px solid black; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><span style="color:#000000;"><b>$</b></span></td> <td style="width: 9%; border-top: 1px solid black; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><span style="color:#000000;"><b>1,805</b></span></td> <td style="width: 1%; border-top: 1px solid black; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; border-top: 1px solid black; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 1%; border-top: 1px solid black; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><span style="color:#000000;">$</span></td> <td style="width: 9%; border-top: 1px solid black; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><span style="color:#000000;">1,766</span></td> <td style="width: 1%; border-top: 1px solid black; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; border-top: 1px solid black; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 1%; border-top: 1px solid black; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><span style="color:#000000;"><b>$</b></span></td> <td style="width: 9%; border-top: 1px solid black; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><span style="color:#000000;"><b>5,343</b></span></td> <td style="width: 1%; border-top: 1px solid black; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; border-top: 1px solid black; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 1%; border-top: 1px solid black; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><span style="color:#000000;">$</span></td> <td style="width: 9%; border-top: 1px solid black; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><span style="color:#000000;">5,420</span></td> <td style="width: 1%; border-top: 1px solid black; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; background-color: rgb(255, 255, 255);"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> <p style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; font-variant: normal; margin: 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;"><span style="color:#000000;"><b> </b></span></td> <td style="width: 9%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><span style="color:#000000;"><b>2,121</b></span></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </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: 9%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><span style="color:#000000;">2,057</span></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </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;"><span style="color:#000000;"><b> </b></span></td> <td style="width: 9%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><span style="color:#000000;"><b>6,348</b></span></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </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: 9%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><span style="color:#000000;">6,160</span></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; background-color: rgb(204, 238, 255);"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <p style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; font-variant: normal; margin: 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);"><span style="color:#000000;"><b> </b></span></td> <td style="width: 9%; 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>1,842</b></span></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </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: 9%; 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;">1,722</span></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </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);"><span style="color:#000000;"><b> </b></span></td> <td style="width: 9%; 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>5,331</b></span></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </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: 9%; 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;">5,190</span></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; background-color: rgb(255, 255, 255);"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <p style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; font-variant: normal; margin: 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);"><span style="color:#000000;"><b>$</b></span></td> <td style="width: 9%; 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>5,768</b></span></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </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);"><span style="color:#000000;">$</span></td> <td style="width: 9%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><span style="color:#000000;">5,545</span></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><span style="color:#000000;"><b>$</b></span></td> <td style="width: 9%; 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>17,022</b></span></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </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);"><span style="color:#000000;">$</span></td> <td style="width: 9%; 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;">16,770</span></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; background-color: rgb(204, 238, 255);"> <td style="padding-left: 0px; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> <p style="margin: 0pt; font-size: 10pt; font-family: Arial, Helvetica, sans-serif;"><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;"><span style="color:#000000;"><b> </b></span></td> <td style="width: 9%; text-align: right; padding-left: 0px; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0px;"><span style="color:#000000;"><b>179</b></span></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </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: 9%; text-align: right; padding-left: 0px; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0px;"><span style="color:#000000;">226</span></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </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;"><span style="color:#000000;"><b> </b></span></td> <td style="width: 9%; text-align: right; padding-left: 0px; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0px;"><span style="color:#000000;"><b>608</b></span></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </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: 9%; text-align: right; padding-left: 0px; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0px;"><span style="color:#000000;">681</span></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; background-color: rgb(255, 255, 255);"> <td style="padding-left: 0px; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> <p style="margin: 0pt; font-size: 10pt; font-family: Arial, Helvetica, sans-serif;"><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;"><span style="color:#000000;"><b> </b></span></td> <td style="width: 9%; text-align: right; padding-left: 0px; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0px;"><span style="color:#000000;"><b>122</b></span></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </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: 9%; text-align: right; padding-left: 0px; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0px;"><span style="color:#000000;">142</span></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </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;"><span style="color:#000000;"><b> </b></span></td> <td style="width: 9%; text-align: right; padding-left: 0px; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0px;"><span style="color:#000000;"><b>427</b></span></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </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: 9%; text-align: right; padding-left: 0px; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0px;"><span style="color:#000000;">442</span></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; background-color: rgb(204, 238, 255);"> <td style="padding-left: 0px; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <p style="margin: 0pt; font-size: 10pt; font-family: Arial, Helvetica, sans-serif;"><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);"><span style="color:#000000;"><b> </b></span></td> <td style="width: 9%; text-align: right; padding-left: 0px; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0px; border-bottom: 1px solid rgb(0, 0, 0);"><span style="color:#000000;"><b>22</b></span></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </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: 9%; text-align: right; padding-left: 0px; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0px; border-bottom: 1px solid rgb(0, 0, 0);"><span style="color:#000000;">28</span></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </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);"><span style="color:#000000;"><b> </b></span></td> <td style="width: 9%; text-align: right; padding-left: 0px; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0px; border-bottom: 1px solid rgb(0, 0, 0);"><span style="color:#000000;"><b>72</b></span></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </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: 9%; text-align: right; padding-left: 0px; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0px; border-bottom: 1px solid rgb(0, 0, 0);"><span style="color:#000000;">67</span></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; background-color: rgb(255, 255, 255);"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <p style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; font-variant: normal; margin: 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: 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);"><span style="color:#000000;"><b>$</b></span></td> <td style="width: 9%; 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>6,091</b></span></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </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);"><span style="color:#000000;">$</span></td> <td style="width: 9%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><span style="color:#000000;">5,941</span></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><span style="color:#000000;"><b>$</b></span></td> <td style="width: 9%; 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>18,129</b></span></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </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);"><span style="color:#000000;">$</span></td> <td style="width: 9%; 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;">17,960</span></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </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; margin: 0pt; text-align: justify;"><span style="color:#000000;">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 revenues from shipments to and from Mexico. Included in the above table are revenues from our Mexico business, which amounted to $724 million and $673 million for the <em style="font: inherit;">three</em> months ended </span><span style="color:#000000;"><em style="font: inherit;"> September 30, 2024 </em>and <em style="font: inherit;">2023</em></span><span style="color:#000000;">, respectively, and $2.3 billion and $2.1 billion for the </span><span style="color:#000000;"><em style="font: inherit;">nine</em></span><span style="color:#000000;"> months ended </span><span style="color:#000000;"><em style="font: inherit;"> September 30, 2024 </em>and <em style="font: inherit;">2023</em></span><span style="color:#000000;">, respectively.</span></p>
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StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased
76893646
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
242.7
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
202.61
CY2024Q3 us-gaap Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased
76893646

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