Annual report [Section 13 and 15(d), not S-K Item 405]

STATEMENTS OF CONSOLIDATED INCOME

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STATEMENTS OF CONSOLIDATED INCOME - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Income Statement [Abstract]      
Revenue $ 88,661 $ 91,070 $ 90,958
Operating Expenses:      
Compensation and benefits 48,605 48,093 47,092
Repairs and maintenance 3,107 2,940 2,828
Depreciation and amortization 3,746 3,609 3,366
Purchased transportation 10,588 13,589 13,640
Fuel 4,316 4,366 4,775
Other occupancy 2,269 2,117 2,019
Other expenses 8,163 7,888 8,097
Total Operating Expenses 80,794 82,602 81,817
Operating Profit 7,867 8,468 9,141
Other Income and (Expense):      
Investment income (expense) and other 314 (160) 219
Interest expense (1,017) (866) (787)
Total Other Income and (Expense) (703) (1,026) (568)
Income Before Income Taxes 7,164 7,442 8,573
Income Tax Expense 1,592 1,660 1,865
Net Income $ 5,572 $ 5,782 $ 6,708
Basic Earnings Per Share (in dollars per share) $ 6.56 $ 6.76 $ 7.81
Diluted Earnings Per Share (in dollars per share) $ 6.56 $ 6.75 $ 7.80