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CONSOLIDATED INCOME STATEMENTS (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
[1]
Jun. 30, 2020
Jun. 30, 2019
[1]
Income Statement        
Revenue $ 2,255 $ 3,061 $ 5,110 $ 6,074
Expense        
Labor and Fringe 507 648 1,113 1,320
Materials, Supplies and Other 407 445 861 916
Depreciation 344 337 688 667
Fuel 91 234 283 467
Equipment and Other Rents 78 92 159 180
Total Expense 1,427 1,756 3,104 3,550
Operating Income 828 1,305 2,006 2,524
Interest Expense (191) (184) (378) (362)
Other Income - Net 15 25 37 48
Earnings Before Income Taxes 652 1,146 1,665 2,210
Income Tax Expense (153) (276) (396) (506)
Net Earnings $ 499 $ 870 $ 1,269 $ 1,704
Per Common Share        
Net Earnings Per Share, Basic (in dollars per share) $ 0.65 $ 1.08 $ 1.65 $ 2.10
Net Earnings Per Share, Assuming Dilution (in dollars per share) $ 0.65 $ 1.08 $ 1.65 $ 2.10
Average Shares Outstanding (in shares) 766 805 769 810
Average Shares Outstanding, Assuming Dilution (in shares) 767 807 770 812
[1] Certain prior year data has been reclassified to conform to the current presentation.