Related Party Transactions |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Related Party Transactions [Abstract] | |
| Related Party Transactions | Related Party Transactions The companies identified as affiliates of BNSF include Berkshire and its subsidiaries. During the six-months ended June 30, 2026 and 2025, the Company declared and paid distributions of $2,300 million and $2,200 million, respectively, to Berkshire. The Company made tax payments of $692 million and $699 million during the six-months ended June 30, 2026 and 2025, respectively, while during both periods the Company received no tax refunds from Berkshire. As of June 30, 2026 and December 31, 2025, the Company had a tax payable to Berkshire of $34 million and $94 million, respectively. North American railroads pay TTX Company (TTX) car hire to use TTX’s freight equipment to serve their customers. BNSF owns 17.4 percent of TTX while other North American railroads own the remaining interest. As the Company possesses the ability to exercise significant influence, but not control, over the operating and financial policies of TTX, BNSF applies the equity method of accounting to its investment. The investment in TTX is recorded in other assets in the Consolidated Balance Sheets, and equity income or losses are recorded in materials and other in the Consolidated Statements of Income. The Company’s investment in TTX was $944 million and $930 million as of June 30, 2026 and December 31, 2025, respectively. The Company incurred car hire expenditures with TTX of $112 million and $107 million for the three-months and $215 million and $213 million for the six-months ended June 30, 2026 and 2025, respectively.
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