STATEMENTS OF CONSOLIDATED INCOME - USD ($) $ in Millions |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2020 |
Jun. 30, 2019 |
Jun. 30, 2020 |
Jun. 30, 2019 |
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| Revenue | $ 20,459 | $ 18,048 | $ 38,494 | $ 35,208 |
| Operating Expenses: | ||||
| Compensation and benefits | 10,843 | 9,299 | 20,929 | 18,616 |
| Depreciation and amortization | 661 | 575 | 1,309 | 1,143 |
| Fuel | 499 | 857 | 1,260 | 1,627 |
| Other occupancy | 355 | 322 | 738 | 693 |
| Other expenses | 1,619 | 1,379 | 3,210 | 2,719 |
| Total Operating Expenses | 18,247 | 15,905 | 35,210 | 31,671 |
| Operating Profit | 2,212 | 2,143 | 3,284 | 3,537 |
| Other Income and (Expense): | ||||
| Investment income and other | 328 | 220 | 673 | 435 |
| Interest expense | (183) | (159) | (350) | (328) |
| Total Other Income and (Expense) | 145 | 61 | 323 | 107 |
| Income Before Income Taxes | 2,357 | 2,204 | 3,607 | 3,644 |
| Income Tax Expense | 589 | 519 | 874 | 848 |
| Net Income | $ 1,768 | $ 1,685 | $ 2,733 | $ 2,796 |
| Basic Earnings Per Share | $ 2.04 | $ 1.95 | $ 3.16 | $ 3.23 |
| Diluted Earnings Per Share | $ 2.03 | $ 1.94 | $ 3.14 | $ 3.22 |
| Repairs and maintenance | ||||
| Operating Expenses: | ||||
| Cost of goods sold | $ 554 | $ 473 | $ 1,117 | $ 907 |
| Purchased transportation | ||||
| Operating Expenses: | ||||
| Cost of goods sold | $ 3,716 | $ 3,000 | $ 6,647 | $ 5,966 |
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- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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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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- 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/exampleRef
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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 before deduction of income tax expense (benefit) and income (loss) attributable to noncontrolling interest, and addition of income (loss) from equity method investments. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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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/disclosureRef
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- Definition The aggregate amount of income from investments (for example, dividends) not considered a component of the entity's core operations. 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. No definition available.
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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://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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