STATEMENTS OF CONSOLIDATED INCOME - USD ($) $ in Millions |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2023 |
Jun. 30, 2022 |
Jun. 30, 2023 |
Jun. 30, 2022 |
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| Income Statement [Abstract] | ||||
| Revenue | $ 22,055 | $ 24,766 | $ 44,980 | $ 49,144 |
| Operating Expenses: | ||||
| Compensation and benefits | 11,197 | 11,344 | 22,659 | 22,945 |
| Repairs and maintenance | 682 | 727 | 1,407 | 1,428 |
| Depreciation and amortization | 828 | 762 | 1,662 | 1,526 |
| Purchased transportation | 3,173 | 4,390 | 6,716 | 8,997 |
| Fuel | 1,090 | 1,697 | 2,361 | 2,917 |
| Other occupancy | 458 | 422 | 1,009 | 923 |
| Other expenses | 1,847 | 1,889 | 3,845 | 3,622 |
| Total Operating Expenses | 19,275 | 21,231 | 39,659 | 42,358 |
| Operating Profit | 2,780 | 3,535 | 5,321 | 6,786 |
| Other Income and (Expense): | ||||
| Investment income and other | 131 | 333 | 300 | 648 |
| Interest expense | (191) | (171) | (379) | (345) |
| Total Other Income and (Expense) | (60) | 162 | (79) | 303 |
| Income Before Income Taxes | 2,720 | 3,697 | 5,242 | 7,089 |
| Income Tax Expense | 639 | 848 | 1,266 | 1,578 |
| Net Income | $ 2,081 | $ 2,849 | $ 3,976 | $ 5,511 |
| Basic Earnings Per Share (in dollars per share) | $ 2.42 | $ 3.26 | $ 4.62 | $ 6.31 |
| Diluted Earnings Per Share (in dollars per share) | $ 2.42 | $ 3.25 | $ 4.61 | $ 6.28 |
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- Definition Purchased Transportation No definition available.
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- Definition Repairs and Maintenance No definition available.
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- Definition Other operating costs incurred during the reporting period and may include amounts paid to maintain the property. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Fuel costs incurred that are directly related to goods produced and sold and services rendered during the reporting period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount after accretion (amortization) of discount (premium), and investment expense, of interest income and dividend income on nonoperating securities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of expense for salary, wage, profit sharing; incentive and equity-based compensation; and other employee benefit. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The total amount of other operating cost and expense items that are associated with the entity's normal revenue producing operation. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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