XML 56 R38.htm IDEA: XBRL DOCUMENT v3.10.0.1
Related Parties and Affiliates (Tables)
12 Months Ended
Dec. 31, 2018
Related Party Transaction [Line Items]  
Schedule of Minimum Rentals and Commitments under Operating Leases
At December 2018, minimum rentals on land, buildings, track and equipment under operating leases are disclosed in the table below. 
 (Dollars in Millions)
Operating
 
Sublease
 
Net Lease
Years
Leases
 
Income
 
Commitments
2019
$
58

 
$
(3
)
 
$
55

2020
59

 
(3
)
 
56

2021
54

 
(4
)
 
50

2022
50

 
(4
)
 
46

2023
44

 
(4
)
 
40

Thereafter
1,312

 
(3
)
 
1,309

Total
$
1,577

 
$
(21
)
 
$
1,556

Corporate Joint Venture  
Related Party Transaction [Line Items]  
Schedule of Minimum Rentals and Commitments under Operating Leases
Future payments due to Conrail under the shared asset area agreements are shown in the table below.

(Dollars in Millions)
Conrail Shared
Years
Asset Agreement
2019
$
27

2020
27

2021
27

2022
27

2023
27

Thereafter
20

Total
$
155

Schedule of Related Party in the Consolidated Income Statement Components
The following table discloses amounts related to Conrail. Purchase price amortization and equity earnings are included in equity earnings of affiliates and all other amounts in the table are included in materials, supplies and other expenses on the Company’s consolidated income statements.
 
Fiscal Years 
(Dollars in Millions)
2018
 
2017
 
2016
Rents, fees and services
$
117

 
$
120

 
$
114

Purchase price amortization and other
4

 
4

 
4

Equity earnings of Conrail
(43
)
 
(58
)
 
(37
)
Total Conrail Expense
$
78

 
$
66

 
$
81

Schedule of Related Party Consolidated Balance Sheet Components
As required by the Related Party Disclosures Topic in the ASC, the Company has identified amounts below owed to Conrail, or its subsidiaries, representing liabilities under the operating, equipment and shared area agreements with Conrail. In 2014, the Company executed two promissory notes with a subsidiary of Conrail which were included in long-term debt on the consolidated balance sheets. Interest expense from these promissory notes was $6 million in each 2018, 2017 and 2016.

 
December
 
December
(Dollars in Millions)
2018
 
2017
Balance Sheet Information:
 
 
 
CSX accounts payable to Conrail
$
153

 
$
123

Promissory notes payable to Conrail subsidiary
 
 
 
2.89% CSX promissory note due October 2044
73

 
73

2.89% CSXT promissory note due October 2044
151

 
151



TTX Company  
Related Party Transaction [Line Items]  
Schedule of Related Party in the Consolidated Income Statement Components
As required by the Related Party Disclosures Topic in the ASC, the following table discloses amounts related to TTX. Car hire rents are included in equipment and other rents expense and equity earnings are included in equity earnings of affiliates in the Company’s consolidated income statements. Also included below is balance sheet information related to CSX's payable to TTX, which represents car rental liabilities.
 
Fiscal Years
(Dollars in Millions)
2018
 
2017
 
2016
Income statement information:
 
 
 
 
 
Car hire rents
$
223

 
$
237

 
$
233

Equity earnings of TTX
(60
)
 
(157
)
 
(26
)
Total TTX expense
$
163

 
$
80

 
$
207

 
 
 
 
 
 
Schedule of Related Party Consolidated Balance Sheet Components
 
December
 
December
 
Balance sheet information:
2018
 
2017
 
CSX payable to TTX
$
36

 
$
43