Cover Page
Cover Page - shares | 9 Months Ended | |
Sep. 30, 2020 | Nov. 09, 2020 | |
Entity Information [Line Items] | ||
Document Type | 10-Q | |
Document Quarterly Report | true | |
Document Period End Date | Sep. 30, 2020 | |
Document Transition Report | false | |
Entity File Number | 1-11535 | |
Entity Registrant Name | BURLINGTON NORTHERN SANTA FE, LLC | |
Entity Incorporation, State Country Name | DE | |
Entity Tax Identification Number | 27-1754839 | |
Entity Address, Address Line One | 2650 Lou Menk Drive | |
Entity Address, City or Town | Fort Worth | |
Entity Address, State or Province | TX | |
Entity Address, Postal Zip Code | 76131 | |
City Area Code | 800 | |
Local Phone Number | 795-2673 | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | false | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Document Fiscal Year Focus | 2020 | |
Document Fiscal Period Focus | Q3 | |
Current Fiscal Year End Date | --12-31 | |
Entity Central Index Key | 0000934612 | |
Amendment Flag | false | |
Entity Common Stock, Shares Outstanding | 0 |
Consolidated Statements of Inco
Consolidated Statements of Income - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2020 | Sep. 30, 2019 | Sep. 30, 2020 | Sep. 30, 2019 | |
Income Statement [Abstract] | ||||
Revenues | $ 5,176 | $ 6,021 | $ 15,195 | $ 17,676 |
Operating expenses: | ||||
Compensation and benefits | 1,120 | 1,337 | 3,357 | 4,071 |
Purchased services | 633 | 687 | 1,859 | 2,087 |
Depreciation and amortization | 621 | 602 | 1,848 | 1,788 |
Fuel | 394 | 725 | 1,335 | 2,211 |
Equipment rents | 174 | 195 | 493 | 573 |
Materials and other | 223 | 295 | 739 | 980 |
Total operating expenses | 3,165 | 3,841 | 9,631 | 11,710 |
Operating income | 2,011 | 2,180 | 5,564 | 5,966 |
Interest expense | 257 | 271 | 779 | 806 |
Other (income) expense, net | (23) | (32) | (70) | (219) |
Income before income taxes | 1,777 | 1,941 | 4,855 | 5,379 |
Income tax expense | 430 | 475 | 1,187 | 1,322 |
Net income | $ 1,347 | $ 1,466 | $ 3,668 | $ 4,057 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2020 | Sep. 30, 2019 | Sep. 30, 2020 | Sep. 30, 2019 | |
Consolidated Statements of Comprehensive Income [Abstract] | ||||
Net income | $ 1,347 | $ 1,466 | $ 3,668 | $ 4,057 |
Other comprehensive income: | ||||
Change in pension and retiree health and welfare benefits, net of tax | 0 | 0 | 1 | 63 |
Change in accumulated other comprehensive income (loss) of equity method investees | 0 | 0 | 1 | (1) |
Other comprehensive income (loss), net of tax | 0 | 0 | 2 | 62 |
Total comprehensive income | $ 1,347 | $ 1,466 | $ 3,670 | $ 4,119 |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) $ in Millions | Sep. 30, 2020 | Dec. 31, 2019 |
Current assets: | ||
Cash and cash equivalents | $ 1,969 | $ 1,984 |
Accounts receivable, net | 1,226 | 1,401 |
Materials and supplies | 723 | 789 |
Other current assets | 131 | 113 |
Total current assets | 4,049 | 4,287 |
Property and equipment, net of accumulated depreciation of $12,724 and $12,101, respectively | 65,146 | 64,533 |
Goodwill | 14,851 | 14,851 |
Operating lease right-of-use assets | 2,013 | 2,285 |
Other assets | 2,674 | 2,618 |
Total assets | 88,733 | 88,574 |
Current liabilities: | ||
Accounts payable and other current liabilities | 3,184 | 3,634 |
Long-term debt and finance leases due within one year | 918 | 571 |
Total current liabilities | 4,102 | 4,205 |
Long-term debt and finance leases | 22,327 | 22,640 |
Deferred income taxes | 14,626 | 14,353 |
Operating lease liabilities | 1,300 | 1,632 |
Casualty and environmental liabilities | 436 | 442 |
Pension and retiree health and welfare liability | 277 | 285 |
Other liabilities | 1,375 | 1,297 |
Total liabilities | 44,443 | 44,854 |
Commitments and contingencies (see Note 5) | ||
Equity: | ||
Member’s equity | 44,143 | 43,575 |
Accumulated other comprehensive income (loss) | 147 | 145 |
Total equity | 44,290 | 43,720 |
Total liabilities and equity | $ 88,733 | $ 88,574 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions | Sep. 30, 2020 | Dec. 31, 2019 |
Statement of Financial Position [Abstract] | ||
Accumulated depreciation | $ 12,724 | $ 12,101 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) $ in Millions | 9 Months Ended | |
Sep. 30, 2020 | Sep. 30, 2019 | |
Operating Activities | ||
Net income | $ 3,668 | $ 4,057 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||
Depreciation and amortization | 1,848 | 1,788 |
Deferred income taxes | 272 | 423 |
Long-term casualty and environmental liabilities, net | (11) | (35) |
Other, net | (95) | (314) |
Changes in current assets and liabilities: | ||
Accounts receivable, net | 141 | (80) |
Materials and supplies | 66 | 34 |
Other current assets | (2) | (147) |
Accounts payable and other current liabilities | (385) | 71 |
Net cash provided by operating activities | 5,502 | 5,797 |
Investing Activities | ||
Capital expenditures excluding equipment | (2,300) | (2,363) |
Acquisition of equipment | (181) | (181) |
Purchases of investments and investments in time deposits | 0 | (6) |
Proceeds from sales of investments and maturities of time deposits | 30 | 19 |
Other, net | 10 | (37) |
Net cash used in investing activities | (2,441) | (2,568) |
Financing Activities | ||
Proceeds from issuance of long-term debt | 575 | 825 |
Payments on long-term debt and finance leases | (541) | (54) |
Cash distributions | (3,100) | (3,400) |
Other, net | (10) | (13) |
Net cash used in financing activities | (3,076) | (2,642) |
(Decrease) increase in cash and cash equivalents | (15) | 587 |
Cash and cash equivalents: | ||
Beginning of period | 1,984 | 1,985 |
End of period | 1,969 | 2,572 |
Supplemental Cash Flow Information | ||
Interest paid, net of amounts capitalized | 827 | 815 |
Capital investments accrued but not yet paid | 199 | 227 |
Income taxes paid, net of refunds | 947 | 959 |
Non-cash asset financing | $ 14 | $ 8 |
Consolidated Statements of Chan
Consolidated Statements of Changes in Equity - USD ($) $ in Millions | Total | Member’s Equity | Accumulated Other Comprehensive Income (Loss) |
Beginning Balance at Dec. 31, 2018 | $ 42,649 | $ 42,519 | $ 130 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||
Cash distributions | (1,200) | (1,200) | 0 |
Comprehensive income (loss), net of tax | 1,315 | 1,253 | 62 |
Ending Balance at Mar. 31, 2019 | 42,764 | 42,572 | 192 |
Beginning Balance at Dec. 31, 2018 | 42,649 | 42,519 | 130 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||
Cash distributions | (3,400) | ||
Comprehensive income (loss), net of tax | 4,119 | ||
Ending Balance at Sep. 30, 2019 | 43,368 | 43,176 | 192 |
Beginning Balance at Mar. 31, 2019 | 42,764 | 42,572 | 192 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||
Cash distributions | (1,200) | (1,200) | 0 |
Comprehensive income (loss), net of tax | 1,338 | 1,338 | 0 |
Ending Balance at Jun. 30, 2019 | 42,902 | 42,710 | 192 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||
Cash distributions | (1,000) | (1,000) | 0 |
Comprehensive income (loss), net of tax | 1,466 | 1,466 | 0 |
Ending Balance at Sep. 30, 2019 | 43,368 | 43,176 | 192 |
Beginning Balance at Dec. 31, 2019 | 43,720 | 43,575 | 145 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||
Cash distributions | (1,100) | (1,100) | 0 |
Comprehensive income (loss), net of tax | 1,191 | 1,190 | 1 |
Ending Balance at Mar. 31, 2020 | 43,811 | 43,665 | 146 |
Beginning Balance at Dec. 31, 2019 | 43,720 | 43,575 | 145 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||
Cash distributions | (3,100) | ||
Comprehensive income (loss), net of tax | 3,670 | ||
Ending Balance at Sep. 30, 2020 | 44,290 | 44,143 | 147 |
Beginning Balance at Mar. 31, 2020 | 43,811 | 43,665 | 146 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||
Cash distributions | (1,300) | (1,300) | 0 |
Comprehensive income (loss), net of tax | 1,132 | 1,131 | 1 |
Ending Balance at Jun. 30, 2020 | 43,643 | 43,496 | 147 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||
Cash distributions | (700) | (700) | 0 |
Comprehensive income (loss), net of tax | 1,347 | 1,347 | 0 |
Ending Balance at Sep. 30, 2020 | $ 44,290 | $ 44,143 | $ 147 |
Accounting Policies and Interim
Accounting Policies and Interim Results | 9 Months Ended |
Sep. 30, 2020 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Accounting Policies and Interim Results | Accounting Policies and Interim Results The Consolidated Financial Statements should be read in conjunction with Burlington Northern Santa Fe, LLC’s Annual Report on Form 10-K for the year ended December 31, 2019, including the financial statements and notes thereto. Burlington Northern Santa Fe, LLC (BNSF) is a holding company that conducts no operating activities and owns no significant assets other than through its interests in its subsidiaries. The Consolidated Financial Statements include the accounts of BNSF and its majority-owned subsidiaries, all of which are separate legal entities (collectively, the Company). BNSF’s principal operating subsidiary is BNSF Railway Company (BNSF Railway). All intercompany accounts and transactions have been eliminated. On February 12, 2010, Berkshire Hathaway Inc., a Delaware corporation (Berkshire), acquired 100 percent of the outstanding shares of Burlington Northern Santa Fe Corporation common stock that it did not already own. The acquisition was completed through the merger (Merger) of a Berkshire wholly-owned merger subsidiary and Burlington Northern Santa Fe Corporation with the surviving entity renamed Burlington Northern Santa Fe, LLC. Earnings per share data is not presented because BNSF has only one holder of its membership interests. The results of operations for any interim period are not necessarily indicative of the results of operations to be expected for the entire year. In the opinion of management, the unaudited financial statements reflect all adjustments (consisting of only normal recurring adjustments, except as disclosed) necessary for the fair statement of BNSF’s consolidated financial position as of September 30, 2020, and the results of operations for the three and nine months ended September 30, 2020 and 2019. |
Revenue from Contracts with Cus
Revenue from Contracts with Customers | 9 Months Ended |
Sep. 30, 2020 | |
Revenue from Contract with Customer [Abstract] | |
Revenue from Contract with Customer | Revenue from Contracts with Customers The Company disaggregates revenue from contracts with customers based on the characteristics of the services provided and the types of products transported (in millions): Three Months Ended Nine Months Ended 2020 2019 2020 2019 Consumer Products $ 1,885 $ 1,973 $ 5,221 $ 5,878 Industrial Products 1,190 1,588 3,815 4,637 Agricultural Products 1,186 1,166 3,402 3,500 Coal 651 996 1,958 2,748 Total freight revenues 4,912 5,723 14,396 16,763 Non-rail logistics subsidiary 175 199 497 595 Accessorial and other 89 99 302 318 Total other revenues 264 298 799 913 Total operating revenues $ 5,176 $ 6,021 $ 15,195 $ 17,676 Contract assets and liabilities are immaterial. Receivables from contracts with customers is a component of accounts receivable, net on the Consolidated Balance Sheets. As of September 30, 2020 and December 31, 2019, $1.0 billion and $1.1 billion, respectively, represented net receivables from contracts with customers. |
Accounts Receivable, Net
Accounts Receivable, Net | 9 Months Ended |
Sep. 30, 2020 | |
Receivables [Abstract] | |
Accounts Receivable, Net | Accounts Receivable, Net Accounts receivable, net consists of freight and other receivables, reduced by an allowance for credit losses which is based upon expected collectability. As of September 30, 2020 and December 31, 2019, $56 million and $51 million, respectively, of such allowance had been recorded. |
Debt
Debt | 9 Months Ended |
Sep. 30, 2020 | |
Debt Disclosure [Abstract] | |
Debt | Debt Notes and Debentures In April 2020, BNSF issued $575 million of 3.05 percent debentures due February 15, 2051. The net proceeds from the sale of the debentures will be used for general corporate purposes, which may include but are not limited to working capital, capital expenditures, repayment of outstanding indebtedness and distributions. As of September 30, 2020, $1.1 billion remained authorized by the Board of Managers to be issued through the Securities and Exchange Commission debt shelf offering process. On June 1, 2020, BNSF redeemed all of its $250 million 3.60 percent debentures maturing on September 1, 2020. The Company is required to maintain certain financial covenants in conjunction with $500 million of certain issued and outstanding junior subordinated notes. As of September 30, 2020, the Company was in compliance with these financial covenants. Fair Value of Debt Instruments As of September 30, 2020 and December 31, 2019, the fair value of BNSF’s debt, excluding finance leases, was $28.6 billion and $26.6 billion, respectively, while the book value, which also excludes finance leases, was $22.9 billion and $22.8 billion, respectively. The fair value of BNSF’s debt is primarily based on market value price models using observable market-based data for the same or similar issues, or on the estimated rates that would be offered to BNSF for debt of the same remaining maturities (Level 2 inputs). Guarantees As of September 30, 2020, BNSF has not been called upon to perform under the guarantees specifically disclosed in this footnote and does not anticipate a significant performance risk in the foreseeable future. Debt and other obligations of non-consolidated entities guaranteed by the Company as of September 30, 2020, were as follows (dollars in millions): Guarantees BNSF Principal Maximum Maximum Recourse Amount a Remaining Capitalized Obligations Kinder Morgan Energy Partners, L.P. 0.5 % $ 190 $ 190 $ — Termination of Ownership $ 2 b Chevron Phillips Chemical Company LP — % N/A d N/A d N/A d 7 $ 15 c a Reflects the maximum amount the Company could recover from a third party other than the counterparty. b Reflects capitalized obligations that are recorded on the Company’s Consolidated Balance Sheets. c Reflects the asset and corresponding liability for the fair value of these guarantees required by authoritative accounting guidance related to guarantees. d There is no cap to the liability that can be sought from BNSF for BNSF’s negligence or the negligence of the indemnified party. However, BNSF could receive reimbursement from certain insurance policies if the liability exceeds a certain amount. Kinder Morgan Energy Partners, L.P. Santa Fe Pacific Pipelines, Inc., an indirect, wholly-owned subsidiary of BNSF, has a guarantee in connection with its remaining special limited partnership interest in Santa Fe Pacific Pipeline Partners, L.P. (SFPP), a subsidiary of Kinder Morgan Energy Partners, L.P., to be paid only upon default by the partnership. All obligations with respect to the guarantee will cease upon termination of ownership rights, which would occur upon a put notice issued by BNSF or the exercise of the call rights by the general partners of SFPP. Chevron Phillips Chemical Company LP BNSF has an indemnity agreement with Chevron Phillips Chemical Company LP (Chevron Phillips), granting certain rights of indemnity from BNSF, in order to facilitate access to a storage facility. Under certain circumstances, payment under this obligation may be required in the event Chevron Phillips were to incur certain liabilities or other incremental costs resulting from trackage access. Indemnities In the ordinary course of business, BNSF enters into agreements with third parties that include indemnification clauses. The Company believes that these clauses are generally customary for the types of agreements in which they are included. At times, these clauses may involve indemnification for the acts of the Company, its employees and agents, indemnification for another party’s acts, indemnification for future events, indemnification based upon a certain standard of performance, indemnification for liabilities arising out of the Company’s use of leased equipment or other property, or other types of indemnification. Despite the uncertainty whether events which would trigger the indemnification obligations would ever occur, the Company does not believe that these indemnity agreements will have a material adverse effect on the Company’s results of operations, financial position, or liquidity. Additionally, the Company believes that, due to lack of historical payment experience, the fair value of indemnities cannot be estimated with any amount of certainty and that the fair value of any such amount would be immaterial to the Consolidated Financial Statements. Unless separately disclosed above, no fair value liability related to indemnities has been recorded in the Consolidated Financial Statements. |
Commitments and Contingencies
Commitments and Contingencies | 9 Months Ended |
Sep. 30, 2020 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingencies | Commitments and Contingencies Personal Injury BNSF’s personal injury liability includes the cost of claims for employee work-related injuries, third-party claims, and asbestos claims. BNSF records a liability for asserted and unasserted claims when the expected loss is both probable and reasonably estimable. Because of the uncertainty of the timing of future payments, the liability is undiscounted. Defense and processing costs, which are recorded on an as-reported basis, are not included in the recorded liability. Expense accruals and adjustments are classified as materials and other in the Consolidated Statements of Income. Personal injury claims by BNSF Railway employees are subject to the provisions of the Federal Employers’ Liability Act (FELA) rather than state workers’ compensation laws. Resolution of these cases under the FELA’s fault-based system requires either a finding of fault by a jury or an out of court settlement. Third-party claims include claims by non-employees for compensatory damages and may, from time to time, include requests for punitive damages or treatment of the claim as a class action. BNSF estimates its personal injury liability claims and expense using standard actuarial methodologies based on the covered population, activity levels and trends in frequency, and the costs of covered injuries. The Company monitors actual experience against the forecasted number of claims to be received, the forecasted number of claims closing with payment, and expected claim payments and records adjustments as new events or changes in estimates develop. BNSF is party to asbestos claims by employees and non-employees who may have been exposed to asbestos. Because of the relatively finite exposed population, the Company has recorded an estimate for the full amount of probable exposure. This is determined through an actuarial analysis based on estimates of the exposed population, the number of claims likely to be filed, the number of claims that will likely require payment, and the cost per claim. Estimated filing and dismissal rates and average cost per claim are determined utilizing recent claim data and trends. The following table summarizes the activity in the Company’s accrued obligations for personal injury claims (in millions): Nine Months Ended September 30, 2020 2019 Beginning balance $ 275 $ 308 Accruals / changes in estimates 36 69 Payments (34) (88) Ending balance $ 277 $ 289 Current portion of ending balance $ 75 $ 85 The amount recorded by the Company for the personal injury liability is based upon the best information currently available. Because of the uncertainty surrounding the ultimate outcome of personal injury claims, it is reasonably possible that future costs to resolve these claims may be different from the recorded amounts. The Company estimates that costs to resolve the liability may range from approximately $235 million to $330 million. Although the final outcome of these personal injury matters cannot be predicted with certainty, it is the opinion of BNSF that none of these items, when finally resolved, will have a material adverse effect on the Company’s financial position or liquidity. However, the occurrence of a number of these items in the same period could have a material adverse effect on the results of operations in a particular quarter or fiscal year. Environmental BNSF is subject to extensive federal, state, and local environmental regulation. The Company’s operating procedures include practices to protect the environment from the risks inherent in railroad operations, which frequently involve transporting chemicals and other hazardous materials. Additionally, many of BNSF’s land holdings are or have been used for industrial or transportation-related purposes or leased to commercial or industrial companies whose activities may have resulted in discharges onto the property. Under federal (in particular, the Comprehensive Environmental Response, Compensation, and Liability Act) and state statutes, the Company may be held jointly and severally liable for cleanup and enforcement costs associated with a particular site without regard to fault or the legality of the original conduct. The Company participates in the study, cleanup, or both of environmental contamination at approximately 200 sites. Environmental costs may include, but are not limited to, site investigations, remediation, and restoration. The liability is recorded when the expected loss is both probable and reasonably estimable and is undiscounted due to uncertainty of the timing of future payments. Expense accruals and adjustments are classified as materials and other in the Consolidated Statements of Income. BNSF estimates the cost of cleanup efforts at its known environmental sites based on experience gained from cleanup efforts at similar sites, estimated percentage to closure ratios, possible remediation work plans, estimates of the costs and likelihood of each possible outcome, historical payment patterns, and benchmark patterns developed from data accumulated from industry and public sources. The Company monitors actual experience against expectations and records adjustments as new events or changes in estimates develop. The following table summarizes the activity in the Company’s accrued obligations for environmental costs (in millions): Nine Months Ended September 30, 2020 2019 Beginning balance $ 282 $ 298 Accruals / changes in estimates 2 — Payments (15) (16) Ending balance $ 269 $ 282 Current portion of ending balance $ 35 $ 40 The amount recorded by the Company for the environmental liability is based upon the best information currently available. It has not been reduced by anticipated recoveries from third parties and includes both asserted and unasserted claims. BNSF’s total cleanup costs at these sites cannot be predicted with certainty due to various factors, such as the extent of corrective actions that may be required, evolving environmental laws and regulations, advances in environmental technology, the extent of other parties’ participation in cleanup efforts, developments in ongoing environmental analyses related to sites determined to be contaminated, and developments in environmental surveys and studies of contaminated sites. Because of the uncertainty surrounding various factors, it is reasonably possible that future costs to settle these claims may be different from the recorded amounts. The Company estimates that costs to settle the liability may range from approximately $220 million to $360 million. Although the final outcome of these environmental matters cannot be predicted with certainty, it is the opinion of BNSF that none of these items, when finally resolved, will have a material adverse effect on the Company’s financial position or liquidity. However, the occurrence of a number of these items in the same period could have a material adverse effect on the results of operations in a particular quarter or fiscal year. Other Claims and Litigation In addition to personal injury and environmental matters, BNSF and its subsidiaries are also parties to a number of other legal actions and claims, governmental proceedings, and private civil suits arising in the ordinary course of business, including those related to disputes and complaints involving certain transportation rates and charges. Some of the legal proceedings include claims for compensatory damages and may, from time to time, include requests for punitive damages or treatment of the claim as a class action. Although the final outcome of these matters cannot be predicted with certainty, it is the opinion of BNSF that none of these items, when finally resolved, will have a material adverse effect on the Company’s financial position or liquidity. However, the occurrence of a number of these items in the same period could have a material adverse effect on the results of operations in a particular quarter or fiscal year. BNSF Insurance Company BNSF has a consolidated, wholly-owned subsidiary, Burlington Northern Santa Fe Insurance Company, Ltd. (BNSFIC), that offers insurance coverage for certain risks, including FELA claims, railroad protective and force account insurance claims, certain excess general liability and property coverage, and certain other claims which are subject to reinsurance. BNSFIC has entered into annual reinsurance treaty agreements with several other companies. The treaty agreements insure workers’ compensation, general liability, auto liability, and FELA risk. In accordance with the agreements, BNSFIC cedes a portion of its FELA exposure through the treaties and assumes a proportionate share of the entire risk. Each year, BNSFIC reviews the objectives and performance of the treaties to determine its continued participation. The treaty agreements provide for certain protections against the risk of treaty participants’ non-performance. On an ongoing basis, BNSF and/or the treaty manager reviews the creditworthiness of each of the participants. The Company does not believe its exposure to treaty participants’ non-performance is material at this time. BNSFIC typically invests in time deposits, money market accounts, and treasuries. As of September 30, 2020, there was $531 million related to these third-party investments, which were classified as cash and cash equivalents on the Company’s Consolidated Balance Sheets, as compared with $492 million as of December 31, 2019. In 2019, the Company experienced significant flooding across parts of the network. The Company is insured for certain costs incurred as a result of the flooding, including property damage, business interruption, and extra expense. As of September 30, 2020, the Company had recognized and resolved $250 million, which is the full amount that may be recovered for the claim. |
Employment Benefit Plans
Employment Benefit Plans | 9 Months Ended |
Sep. 30, 2020 | |
Retirement Benefits [Abstract] | |
Employment Benefit Plans | Employment Benefit PlansBNSF provides a funded, noncontributory qualified pension plan (BNSF Retirement Plan), which covers most non-union employees, and an unfunded non-tax-qualified pension plan (BNSF Supplemental Retirement Plan), which covers certain officers and other employees. The benefits under these pension plans are based on years of credited service and the highest consecutive sixty months of compensation for the last ten years of salaried employment with the Company. BNSF also provides a funded, noncontributory qualified pension plan which covers certain union employees of the former The Atchison, Topeka and Santa Fe Railway Company (Union Plan). The benefits under this pension plan are based on elections made at the time the plan was implemented. With respect to the funded plans, the Company's funding policy is to contribute annually not less than the regulatory minimum and not more than the maximum amount deductible for income tax purposes. The BNSF Retirement Plan, the BNSF Supplemental Retirement Plan, and the Union Plan are collectively referred to herein as the Pension Plans. During the first quarter of 2019, the Company amended the BNSF Retirement Plan and the BNSF Supplemental Retirement Plan. Non-union employees hired on or after April 1, 2019 are not eligible to participate in these retirement plans and instead receive an additional employer contribution as part of the qualified 401(k) plan based on the employees’ age and years of service. Current employees are being transitioned away from the retirement plans within the next ten years, which began October 1, 2019, and upon transition are eligible for the additional employer contribution. As a result of the plan amendments, the Company recognized a curtailment gain of $120 million in the first quarter of 2019 consisting of $117 million for the reduction in projected benefit obligation and $3 million for the recognition of prior service credits. Components of the net (benefit) cost for the Pension Plans were as follows (in millions): Pension Benefits Three Months Ended Nine Months Ended 2020 2019 2020 2019 Service cost $ 6 $ 7 $ 16 $ 24 Interest cost 18 20 53 62 Expected return on plan assets (42) (41) (126) (120) Amortization of net gain — — 1 (1) Amortization of prior service credits — — — (3) Curtailment gain — — — (117) Net (benefit) cost recognized $ (18) $ (14) $ (56) $ (155) Service cost is included in compensation and benefits expense and the other components of net periodic benefit costs are included in other (income) expense, net in the Consolidated Statements of Income. |
Related Party Transactions
Related Party Transactions | 9 Months Ended |
Sep. 30, 2020 | |
Related Party Transactions [Abstract] | |
Related Party Transactions | Related Party Transactions The companies identified as affiliates of BNSF include Berkshire and its subsidiaries. During the nine months ended September 30, 2020 and 2019, the Company declared and paid cash distributions of $3.1 billion and $3.4 billion, respectively, to Berkshire. In the nine-months ended September 30, 2020 and 2019, the Company made tax payments of $781 million and $741 million to Berkshire, respectively. Additionally, in the nine months ended September 30, 2020, the Company received $29 million of tax refunds from Berkshire. As of September 30, 2020 and December 31, 2019, the Company had a tax payable to Berkshire of $3 million and $31 million, respectively. BNSF engages in various transactions with related parties in the ordinary course of business. The following table summarizes revenues earned by BNSF for services provided to related parties and expenditures to related parties (in millions): Three Months Ended Nine Months Ended 2020 2019 2020 2019 Revenues $ 28 $ 39 $ 94 $ 118 Expenditures $ 85 $ 93 $ 259 $ 286 BNSF own s 17.3 percent of TTX Company (TTX) while other North American railroads own the remaining interest. As BNSF possesses the ability to exercise significant influence, but not control, over the operating and financial policies of TTX, BNSF applies the equity method of accounting to its investment in TTX. The investment in TTX recorded under the equity method is recorded in other assets. Equity income or losses are recorded in materials and other in the Consolidated Statements of Income. North American railroads pay TTX car hire to use TTX’s freight equipment to serve their customers. BNSF’s car hire expenditures incurred with TTX are included in the table above. BNSF had $691 million a nd $656 million recognized as investments related to TTX in its Consolidated Balance Sheets as of September 30, 2020 and December 31, 2019, respectively. |
Accumulated Other Comprehensive
Accumulated Other Comprehensive Income | 9 Months Ended |
Sep. 30, 2020 | |
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] | |
Accumulated Other Comprehensive Income | Accumulated Other Comprehensive Income Other comprehensive income refers to revenues, expenses, gains, and losses that under generally accepted accounting principles are included in accumulated other comprehensive income, a component of equity within the Consolidated Balance Sheets, rather than net income on the Consolidated Statements of Income. Under existing accounting standards, other comprehensive income may include, among other things, unrecognized gains and losses and prior service credit related to pension and other postretirement benefit plans. The following table provides the components of accumulated other comprehensive income (loss) (AOCI) by component (in millions): Pension and Retiree Health and Welfare Benefit Items Equity Method Investments Accumulated Other Comprehensive Income (Loss) Balance as of December 31, 2018 $ 133 $ (3) $ 130 Other comprehensive income (loss), net before reclassifications 66 (1) 65 Amounts reclassified from AOCI: Amortization of net gain a (1) — (1) Amortization of prior service credits a (3) — (3) Tax expense (benefit) 1 — 1 Balance as of September 30, 2019 $ 196 $ (4) $ 192 Balance as of December 31, 2019 $ 149 $ (4) $ 145 Other comprehensive income (loss), net before reclassifications — 1 1 Amounts reclassified from AOCI: Amortization of net gain a 1 — 1 Balance as of September 30, 2020 $ 150 $ (3) $ 147 a This accumulated other comprehensive income component is included in the computation of net periodic pension cost (see Note 6 for additional details). |
Accounting Pronouncements
Accounting Pronouncements | 9 Months Ended |
Sep. 30, 2020 | |
Accounting Standards Update and Change in Accounting Principle [Abstract] | |
Accounting Pronouncements | Accounting Pronouncements In August 2018, the FASB issued Accounting Standards Update No. 2018-15 (ASU 2018-15), Intangibles—Goodwill and Other - Internal-Use Software (Subtopic 350-40). ASU 2018-15 aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. The guidance requires an entity in such an arrangement to capitalize costs for certain implementation activities in the application development stage, expense the capitalized implementation costs over the term of the hosting arrangement, and present the expense with the associated hosting fees in the Consolidated Statements of Income. BNSF adopted the standard as of January 1, 2020. Adoption of the standard did not have a material impact on the Company's Consolidated Financial Statements and disclosures. In June 2016, the FASB issued Accounting Standards Update No. 2016-13 (ASU 2016-13), Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. ASU 2016-13 requires the use of an "expected loss" model on financial instruments and other commitments to extend credit held by a reporting entity at each reporting date. ASU 2016-13 replaces the incurred loss methodology with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to calculate credit loss estimates. BNSF adopted the standard as of January 1, 2020. Adoption of the standard did not have a material impact on the Company's Consolidated Financial Statements and disclosures. |
Revenue from Contracts with C_2
Revenue from Contracts with Customers (Tables) | 9 Months Ended |
Sep. 30, 2020 | |
Revenue from Contract with Customer [Abstract] | |
Disaggregation of Revenue | The Company disaggregates revenue from contracts with customers based on the characteristics of the services provided and the types of products transported (in millions): Three Months Ended Nine Months Ended 2020 2019 2020 2019 Consumer Products $ 1,885 $ 1,973 $ 5,221 $ 5,878 Industrial Products 1,190 1,588 3,815 4,637 Agricultural Products 1,186 1,166 3,402 3,500 Coal 651 996 1,958 2,748 Total freight revenues 4,912 5,723 14,396 16,763 Non-rail logistics subsidiary 175 199 497 595 Accessorial and other 89 99 302 318 Total other revenues 264 298 799 913 Total operating revenues $ 5,176 $ 6,021 $ 15,195 $ 17,676 |
Debt (Tables)
Debt (Tables) | 9 Months Ended |
Sep. 30, 2020 | |
Debt Disclosure [Abstract] | |
Schedule of Guarantor Obligations | Debt and other obligations of non-consolidated entities guaranteed by the Company as of September 30, 2020, were as follows (dollars in millions): Guarantees BNSF Principal Maximum Maximum Recourse Amount a Remaining Capitalized Obligations Kinder Morgan Energy Partners, L.P. 0.5 % $ 190 $ 190 $ — Termination of Ownership $ 2 b Chevron Phillips Chemical Company LP — % N/A d N/A d N/A d 7 $ 15 c a Reflects the maximum amount the Company could recover from a third party other than the counterparty. b Reflects capitalized obligations that are recorded on the Company’s Consolidated Balance Sheets. c Reflects the asset and corresponding liability for the fair value of these guarantees required by authoritative accounting guidance related to guarantees. d There is no cap to the liability that can be sought from BNSF for BNSF’s negligence or the negligence of the indemnified party. However, BNSF could receive reimbursement from certain insurance policies if the liability exceeds a certain amount. |
Commitments and Contingencies (
Commitments and Contingencies (Tables) | 9 Months Ended |
Sep. 30, 2020 | |
Commitments and Contingencies Disclosure [Abstract] | |
Schedule of Loss Contingencies by Contingency | The following table summarizes the activity in the Company’s accrued obligations for personal injury claims (in millions): Nine Months Ended September 30, 2020 2019 Beginning balance $ 275 $ 308 Accruals / changes in estimates 36 69 Payments (34) (88) Ending balance $ 277 $ 289 Current portion of ending balance $ 75 $ 85 |
Accrued Obligations for Environmental Matters | The following table summarizes the activity in the Company’s accrued obligations for environmental costs (in millions): Nine Months Ended September 30, 2020 2019 Beginning balance $ 282 $ 298 Accruals / changes in estimates 2 — Payments (15) (16) Ending balance $ 269 $ 282 Current portion of ending balance $ 35 $ 40 |
Employment Benefit Plans (Table
Employment Benefit Plans (Tables) | 9 Months Ended |
Sep. 30, 2020 | |
Retirement Benefits [Abstract] | |
Schedule of Net Benefit Costs | Components of the net (benefit) cost for the Pension Plans were as follows (in millions): Pension Benefits Three Months Ended Nine Months Ended 2020 2019 2020 2019 Service cost $ 6 $ 7 $ 16 $ 24 Interest cost 18 20 53 62 Expected return on plan assets (42) (41) (126) (120) Amortization of net gain — — 1 (1) Amortization of prior service credits — — — (3) Curtailment gain — — — (117) Net (benefit) cost recognized $ (18) $ (14) $ (56) $ (155) |
Related Party Transactions (Tab
Related Party Transactions (Tables) | 9 Months Ended |
Sep. 30, 2020 | |
Related Party Transactions [Abstract] | |
Schedule of Related Party Transactions | The following table summarizes revenues earned by BNSF for services provided to related parties and expenditures to related parties (in millions): Three Months Ended Nine Months Ended 2020 2019 2020 2019 Revenues $ 28 $ 39 $ 94 $ 118 Expenditures $ 85 $ 93 $ 259 $ 286 |
Accumulated Other Comprehensi_2
Accumulated Other Comprehensive Income (Tables) | 9 Months Ended |
Sep. 30, 2020 | |
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] | |
Schedule of Accumulated Other Comprehensive Income (Loss) | The following table provides the components of accumulated other comprehensive income (loss) (AOCI) by component (in millions): Pension and Retiree Health and Welfare Benefit Items Equity Method Investments Accumulated Other Comprehensive Income (Loss) Balance as of December 31, 2018 $ 133 $ (3) $ 130 Other comprehensive income (loss), net before reclassifications 66 (1) 65 Amounts reclassified from AOCI: Amortization of net gain a (1) — (1) Amortization of prior service credits a (3) — (3) Tax expense (benefit) 1 — 1 Balance as of September 30, 2019 $ 196 $ (4) $ 192 Balance as of December 31, 2019 $ 149 $ (4) $ 145 Other comprehensive income (loss), net before reclassifications — 1 1 Amounts reclassified from AOCI: Amortization of net gain a 1 — 1 Balance as of September 30, 2020 $ 150 $ (3) $ 147 a This accumulated other comprehensive income component is included in the computation of net periodic pension cost (see Note 6 for additional details). |
Accounting Policies and Inter_2
Accounting Policies and Interim Results (Details) - Burlington Northern Santa Fe Corporation | Sep. 30, 2020 | Feb. 12, 2010 |
Business Acquisition [Line Items] | ||
Acquired remaining outstanding shares, percentage | 100.00% | |
Holders of membership interests | 1 |
Revenue from Contracts with C_3
Revenue from Contracts with Customers Disaggregation of Revenue (Details) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2020 | Sep. 30, 2019 | Sep. 30, 2020 | Sep. 30, 2019 | |
Disaggregation of Revenue [Line Items] | ||||
Revenues | $ 5,176 | $ 6,021 | $ 15,195 | $ 17,676 |
Total freight revenues | 4,912 | 5,723 | 14,396 | 16,763 |
Total other revenues | 264 | 298 | 799 | 913 |
Consumer Products | ||||
Disaggregation of Revenue [Line Items] | ||||
Revenues | 1,885 | 1,973 | 5,221 | 5,878 |
Industrial Products | ||||
Disaggregation of Revenue [Line Items] | ||||
Revenues | 1,190 | 1,588 | 3,815 | 4,637 |
Agricultural Products | ||||
Disaggregation of Revenue [Line Items] | ||||
Revenues | 1,186 | 1,166 | 3,402 | 3,500 |
Coal | ||||
Disaggregation of Revenue [Line Items] | ||||
Revenues | 651 | 996 | 1,958 | 2,748 |
Non-rail logistics subsidiary | ||||
Disaggregation of Revenue [Line Items] | ||||
Revenues | 175 | 199 | 497 | 595 |
Accessorial and other | ||||
Disaggregation of Revenue [Line Items] | ||||
Revenues | $ 89 | $ 99 | $ 302 | $ 318 |
Revenue from Contracts with C_4
Revenue from Contracts with Customers Disclosure of contract asset and liability (Details) - USD ($) $ in Billions | Sep. 30, 2020 | Dec. 31, 2019 |
Revenue from Contract with Customer [Abstract] | ||
Net receivables from contracts with customers | $ 1 | $ 1.1 |
Revenue from Contracts with C_5
Revenue from Contracts with Customers Remaining performance obligations (Details) - USD ($) $ in Millions | Sep. 30, 2020 | Dec. 31, 2019 |
Revenue from Contract with Customer [Abstract] | ||
Remaining performance obligations | $ 211 | $ 175 |
Accounts Receivable, Net Allowa
Accounts Receivable, Net Allowance for Credit Losses (Details) - USD ($) $ in Millions | Sep. 30, 2020 | Dec. 31, 2019 |
Receivables [Abstract] | ||
Accounts receivable, allowance for credit loss | $ 56 | $ 51 |
Debt Notes and Debentures (Deta
Debt Notes and Debentures (Details) - USD ($) $ in Millions | Sep. 30, 2020 | Jun. 01, 2020 | Apr. 30, 2020 |
SEC Debt Shelf Registration | |||
Debt Instrument [Line Items] | |||
Remaining Debt Securities Authorized by the Board | $ 1,100 | ||
Junior Subordinated Debt | |||
Debt Instrument [Line Items] | |||
Subordinated notes related to financial covenants | $ 500 | ||
Three Point Zero Five Percent Due February 15, 2051 | Corporate Debt Securities | |||
Debt Instrument [Line Items] | |||
Debt Instrument, Face Amount | $ 575 | ||
Debt Instrument, Interest Rate, Stated Percentage | 3.05% | ||
Three Point Six Percent Debenture Due September 1, 2020 | Corporate Debt Securities | |||
Debt Instrument [Line Items] | |||
Debt Instrument, Face Amount | $ 250 | ||
Debt Instrument, Interest Rate, Stated Percentage | 3.60% |
Debt Fair Value of Debt Instrum
Debt Fair Value of Debt Instruments (Details) - USD ($) $ in Billions | Sep. 30, 2020 | Dec. 31, 2019 |
Debt Disclosure [Abstract] | ||
Fair value of debt excluding capital leases and unamortized gains on interest rate swaps | $ 28.6 | $ 26.6 |
Book value of debt excluding capital leases, the associated unamortized fair value adjustment and unamortized gains on interest rate swaps | $ 22.9 | $ 22.8 |
Debt Guarantees (Details)
Debt Guarantees (Details) $ in Millions | 9 Months Ended |
Sep. 30, 2020USD ($) | |
Kinder Morgan Energy Partners, L.P. | Payment Guarantee | |
Guarantor Obligations [Line Items] | |
Principal Amount Guaranteed | $ 190 |
Maximum Future Payments | 190 |
Maximum Recourse Amount | 0 |
Capitalized Obligations | $ 2 |
Chevron Phillips Chemical Company LP | Indemnification Agreement | |
Guarantor Obligations [Line Items] | |
Remaining Term (in years) | 7 years |
Capitalized Obligations | $ 15 |
Kinder Morgan Energy Partners, L.P. | Kinder Morgan Energy Partners, L.P. | Payment Guarantee | |
Guarantor Obligations [Line Items] | |
BNSF Ownership Percentage | 0.50% |
Chevron Phillips Chemical Company LP | Chevron Phillips Chemical Company LP | Indemnification Agreement | |
Guarantor Obligations [Line Items] | |
BNSF Ownership Percentage | 0.00% |
Commitments and Contingencies P
Commitments and Contingencies Personal Injury (Details) - Personal Injury - USD ($) $ in Millions | 9 Months Ended | |
Sep. 30, 2020 | Sep. 30, 2019 | |
Loss Contingency Accrual [Roll Forward] | ||
Beginning balance | $ 275 | $ 308 |
Accruals / changes in estimates | 36 | 69 |
Payments | (34) | (88) |
Ending balance | 277 | 289 |
Current portion of ending balance | 75 | $ 85 |
Minimum | ||
Loss Contingencies [Line Items] | ||
Loss contingency, estimate of possible loss | 235 | |
Maximum | ||
Loss Contingencies [Line Items] | ||
Loss contingency, estimate of possible loss | $ 330 |
Commitments and Contingencies E
Commitments and Contingencies Environmental (Details) - Environmental Issue $ in Millions | 9 Months Ended | |
Sep. 30, 2020USD ($)sites | Sep. 30, 2019USD ($) | |
Loss Contingencies [Line Items] | ||
Number of alleged environmental contamination sites | sites | 200 | |
Accrual for Environmental Loss Contingencies [Roll Forward] | ||
Beginning balance | $ 282 | $ 298 |
Accruals / changes in estimates | 2 | 0 |
Payments | (15) | (16) |
Ending balance | 269 | 282 |
Current portion of ending balance | 35 | $ 40 |
Minimum | ||
Loss Contingencies [Line Items] | ||
Future costs to settle claims and associated liability | 220 | |
Maximum | ||
Loss Contingencies [Line Items] | ||
Future costs to settle claims and associated liability | $ 360 |
Commitments and Contingencies I
Commitments and Contingencies Insurance (Details) - USD ($) $ in Millions | 9 Months Ended | |
Sep. 30, 2020 | Dec. 31, 2019 | |
Loss Contingencies [Line Items] | ||
Cash and cash equivalents | $ 1,969 | $ 1,984 |
Insurance recoveries | 250 | |
Commercial Paper, Bank Time Deposits, and Money Market Funds | BNSF Insurance Company | ||
Loss Contingencies [Line Items] | ||
Cash and cash equivalents | $ 531 | $ 492 |
Employment Benefit Plans (Detai
Employment Benefit Plans (Details) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2020 | Sep. 30, 2019 | Mar. 31, 2019 | Sep. 30, 2020 | Sep. 30, 2019 | |
Defined Benefit Plan Disclosure [Line Items] | |||||
Number of months for highest consecutive compensation | 60 months | ||||
Total number of years of salaried employees to qualify for pension plans | 10 years | ||||
Transition period | 10 years | ||||
Pension Plan | |||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Curtailment gain as a result of plan amendments | $ 120 | ||||
Curtailment gain | $ 0 | $ 0 | (117) | $ 0 | $ (117) |
Amortization of prior service credits | 0 | 0 | $ (3) | 0 | (3) |
Service cost | 6 | 7 | 16 | 24 | |
Interest cost | 18 | 20 | 53 | 62 | |
Expected return on plan assets | (42) | (41) | (126) | (120) | |
Amortization of net gain | 0 | 0 | 1 | (1) | |
Net cost recognized | $ (18) | $ (14) | $ (56) | $ (155) |
Related Party Transactions (Det
Related Party Transactions (Details) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended | |||||||
Sep. 30, 2020 | Jun. 30, 2020 | Mar. 31, 2020 | Sep. 30, 2019 | Jun. 30, 2019 | Mar. 31, 2019 | Sep. 30, 2020 | Sep. 30, 2019 | Dec. 31, 2019 | |
Related Party Transaction [Line Items] | |||||||||
Cash distributions | $ 700 | $ 1,300 | $ 1,100 | $ 1,000 | $ 1,200 | $ 1,200 | $ 3,100 | $ 3,400 | |
Tax refunds from Parent company | 29 | ||||||||
Related Party Transaction Revenue with Affiliates | 28 | 39 | 94 | 118 | |||||
Related Party Transaction Expenditures from Transactions with Related Party | $ 85 | $ 93 | $ 259 | 286 | |||||
Equity Method Investments and Joint Ventures [Abstract] | |||||||||
Ownership Percentage in TTX Company | 17.30% | 17.30% | |||||||
Equity Method Investments | $ 691 | $ 691 | $ 656 | ||||||
Parent Company | |||||||||
Related Party Transaction [Line Items] | |||||||||
Cash distributions | 3,100 | 3,400 | |||||||
Tax payments to parent company | 781 | $ 741 | |||||||
Accounts Payable, Related Parties | $ 3 | $ 3 | $ 31 |
Accumulated Other Comprehensi_3
Accumulated Other Comprehensive Income AOCI by Component (Details) - USD ($) $ in Millions | 9 Months Ended | |
Sep. 30, 2020 | Sep. 30, 2019 | |
Other Comprehensive Income (Loss) Net of Tax, Period Change [Abstract] | ||
Beginning Balance | $ 145 | $ 130 |
Other comprehensive income (loss), net before reclassifications | 1 | 65 |
Tax expense (benefit) | 1 | |
Ending Balance | 147 | 192 |
Equity Method Investments | ||
Other Comprehensive Income (Loss) Net of Tax, Period Change [Abstract] | ||
Beginning Balance | (4) | (3) |
Other comprehensive income (loss), net before reclassifications | 1 | (1) |
Tax expense (benefit) | 0 | |
Ending Balance | (3) | (4) |
Pension and Retiree Health and Welfare Benefit Items | ||
Other Comprehensive Income (Loss) Net of Tax, Period Change [Abstract] | ||
Beginning Balance | 149 | 133 |
Other comprehensive income (loss), net before reclassifications | 0 | 66 |
Tax expense (benefit) | 1 | |
Ending Balance | 150 | 196 |
Amortization of net gain | ||
Other Comprehensive Income (Loss) Net of Tax, Period Change [Abstract] | ||
Reclassification from AOCI, Before Tax | 1 | (1) |
Amortization of net gain | Equity Method Investments | ||
Other Comprehensive Income (Loss) Net of Tax, Period Change [Abstract] | ||
Reclassification from AOCI, Before Tax | 0 | 0 |
Amortization of net gain | Pension and Retiree Health and Welfare Benefit Items | ||
Other Comprehensive Income (Loss) Net of Tax, Period Change [Abstract] | ||
Reclassification from AOCI, Before Tax | $ 1 | (1) |
Amortization of prior service costs/ credits | ||
Other Comprehensive Income (Loss) Net of Tax, Period Change [Abstract] | ||
Reclassification from AOCI, Before Tax | (3) | |
Amortization of prior service costs/ credits | Equity Method Investments | ||
Other Comprehensive Income (Loss) Net of Tax, Period Change [Abstract] | ||
Reclassification from AOCI, Before Tax | 0 | |
Amortization of prior service costs/ credits | Pension and Retiree Health and Welfare Benefit Items | ||
Other Comprehensive Income (Loss) Net of Tax, Period Change [Abstract] | ||
Reclassification from AOCI, Before Tax | $ (3) |