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CONSOLIDATED INCOME STATEMENTS (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
[1]
Sep. 30, 2020
Sep. 30, 2019
[1]
Income Statement        
Revenue $ 2,648 $ 2,978 $ 7,758 $ 9,052
Expense        
Labor and Fringe 574 638 1,687 1,958
Materials, Supplies and Other 378 407 1,239 1,323
Depreciation 348 338 1,036 1,005
Fuel 119 223 402 690
Equipment and Other Rents 88 85 247 265
Total Expense 1,507 1,691 4,611 5,241
Operating Income 1,141 1,287 3,147 3,811
Interest Expense (187) (186) (565) (548)
Other Income - Net 14 24 51 72
Earnings Before Income Taxes 968 1,125 2,633 3,335
Income Tax Expense (232) (269) (628) (775)
Net Earnings $ 736 $ 856 $ 2,005 $ 2,560
Per Common Share        
Net Earnings Per Share, Basic (in dollars per share) $ 0.96 $ 1.08 $ 2.61 $ 3.19
Net Earnings Per Share, Assuming Dilution (in dollars per share) $ 0.96 $ 1.08 $ 2.61 $ 3.18
Average Shares Outstanding (in shares) 765 790 767 803
Average Shares Outstanding, Assuming Dilution (in shares) 767 792 769 805
[1] Certain prior year data has been reclassified to conform to the current presentation.