Related Parties |
6 Months Ended |
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Jun. 30, 2025 | |
| Related Party Transactions [Abstract] | |
| Related Parties | Related Parties UPRR and other North American railroad companies jointly own TTX Company (TTX). UPRR has a 37.03% economic interest in TTX while the other North American railroads own the remaining interest. In accordance with ASC 323 Investments - Equity Method and Joint Venture, UPRR applies the equity method of accounting to our investment in TTX. TTX is a rail car pooling company that owns rail cars and intermodal wells to serve North America’s railroads. TTX assists railroads in meeting the needs of their customers by providing rail cars in an efficient, pooled environment. All railroads may utilize TTX rail cars through car hire (i.e., renting rail cars at stated rates). UPRR had $1.9 billion recognized as investments related to TTX in our Condensed Consolidated Statements of Financial Position as of both June 30, 2025, and December 31, 2024. TTX car hire expense of $109 million and $107 million for the three months ended June 30, 2025 and 2024, respectively, and $221 million and $209 million for the six months ended June 30, 2025 and 2024, respectively, are included in equipment and other rents in our Condensed Consolidated Statements of Income. In addition, UPRR had accounts payable to TTX of $71 million and $70 million at June 30, 2025, and December 31, 2024, respectively.
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