v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 1,441 $ 2,463
Short-Term Investments in U.S. Treasury Bills 590 0
Accounts receivable, net 1,487 1,320
Materials and supplies 1,176 1,066
Other current assets 252 162
Total current assets 4,946 5,011
Property and equipment, net of accumulated depreciation of $23,215 and $22,327, respectively 72,776 72,372
Goodwill 15,351 15,351
Operating lease right-of-use assets 1,108 1,207
Other assets 4,007 3,948
Total assets 98,188 97,889
Current liabilities:    
Accounts payable and other current liabilities 3,994 3,856
Long-term debt and finance leases due within one year 574 571
Total current liabilities 4,568 4,427
Long-term debt and finance leases 22,956 23,491
Deferred income taxes 16,150 15,985
Operating lease liabilities 840 903
Casualty and environmental liabilities 349 364
Pension and retiree health and welfare liability 158 164
Other liabilities 907 921
Total liabilities 45,928 46,255
Commitments and contingencies (see Note 7)
Equity:    
Member’s equity 51,771 51,136
Accumulated other comprehensive income (loss) 489 498
Total equity 52,260 51,634
Total liabilities and equity $ 98,188 $ 97,889