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Shareholders' Equity
12 Months Ended
Dec. 25, 2015
Stockholders' Equity Note [Abstract]  
Stockholders' Equity
Shareholders’ Equity

Common and preferred stock consists of the following:


Common Stock, $1 Par Value
December 2015
 
(Units in Millions)
Common Shares Authorized
1,800

Common Shares Issued and Outstanding
966

 
 
Preferred Stock
 
Preferred Shares Authorized
25

Preferred Shares Issued and Outstanding
—



Holders of common stock are entitled to one vote on all matters requiring a vote for each share held.  Preferred stock is senior to common stock with respect to dividends and upon liquidation of CSX.