Norfolk Southern Balance Sheet (2009-2025) | NSC

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Balance Sheet	Mar2009	Jun2009	Sep2009	Dec2009	Mar2010	Jun2010	Sep2010	Dec2010	Mar2011	Jun2011	Sep2011	Dec2011	Mar2012	Jun2012	Sep2012	Dec2012	Mar2013	Jun2013	Sep2013	Dec2013	Mar2014	Jun2014	Sep2014	Dec2014	Mar2015	Jun2015	Sep2015	Dec2015	Mar2016	Jun2016	Sep2016	Dec2016	Mar2017	Jun2017	Sep2017	Dec2017	Mar2018	Jun2018	Sep2018	Dec2018	Mar2019	Jun2019	Sep2019	Dec2019	Mar2020	Jun2020	Sep2020	Dec2020	Mar2021	Jun2021	Sep2021	Dec2021	Mar2022	Jun2022	Sep2022	Dec2022	Mar2023	Jun2023	Sep2023	Dec2023	Mar2024	Jun2024	Sep2024	Dec2024	Mar2025	Jun2025	Sep2025	Dec2025
Assets
Current Assets
Cash & Equivalents	0.88B	0.72B	1.00B	1.00B	1.16B	0.85B	1.13B	0.83B	0.24B	0.68B	0.24B	0.28B	0.83B	0.36B	0.69B	0.65B	0.67B	0.59B	0.98B	1.44B	1.52B	1.67B	1.43B	0.97B	0.52B	0.89B	0.43B	1.10B	0.59B	0.87B	0.98B	0.96B	0.95B	0.64B	0.72B	0.69B	1.07B	0.43B	0.73B	0.36B	0.41B	0.27B	0.45B	0.58B	0.61B	1.14B	1.36B	1.11B	1.00B	1.67B	1.47B	0.84B	1.57B	1.26B	1.21B	0.46B	0.55B	0.56B	1.51B	1.57B	0.65B	0.66B	0.97B	1.64B	1.01B	1.30B	1.42B	1.53B
Short-term Investments				0.09B	0.23B	0.20B	0.23B	0.28B	0.25B	0.23B	0.15B	0.03B	0.00B	0.01B	0.01B	0.01B	0.01B		0.02B	0.12B	0.01B
Cash & Current Investments	0.88B	0.72B	1.00B	1.09B	1.39B	1.06B	1.36B	1.11B	0.49B	0.91B	0.39B	0.30B	0.83B	0.37B	0.71B	0.67B	0.69B	0.59B	1.00B	1.56B	1.53B	1.67B	1.43B	0.97B	0.52B	0.89B	0.43B	1.10B	0.59B	0.87B	0.98B	0.96B	0.95B	0.64B	0.72B	0.69B	1.07B	0.43B	0.73B	0.36B	0.41B	0.27B	0.45B	0.58B	0.61B	1.14B	1.36B	1.11B	1.00B	1.67B	1.47B	0.84B	1.57B	1.26B	1.21B	0.46B	0.55B	0.56B	1.51B	1.57B	0.65B	0.66B	0.97B	1.64B	1.01B	1.30B	1.42B	1.53B
Receivables - Net		0.80B	0.85B	0.01B	0.87B	0.89B	0.91B	0.01B	0.93B	0.99B	1.03B	0.01B	1.06B	1.09B	1.08B	0.01B	1.16B	1.07B	1.08B	1.02B	1.11B	1.12B	1.10B	1.05B	1.03B	1.05B	1.10B	0.95B	0.96B	0.98B	0.96B	0.94B	1.00B	0.93B	0.97B	0.95B	0.97B	1.03B	1.04B	1.01B	1.05B	1.04B	0.97B	0.92B	0.89B	0.82B	0.88B	0.85B	0.94B	0.94B	0.94B	0.98B	1.07B	1.21B	1.15B	1.15B	1.17B	1.09B	1.21B	1.15B	1.20B	1.19B	1.30B	1.07B	1.23B	1.12B	1.10B	0.99B
Receivables		0.80B	0.85B	0.01B	0.87B	0.89B	0.91B	0.01B	0.93B	0.99B	1.03B	0.01B	1.06B	1.09B	1.08B	0.01B	1.16B	1.07B	1.08B	1.02B	1.11B	1.12B	1.10B	1.05B	1.03B	1.05B	1.10B	0.95B	0.96B	0.98B	0.96B	0.94B	1.00B	0.93B	0.97B	0.95B	0.97B	1.03B	1.04B	1.01B	1.05B	1.04B	0.97B	0.92B	0.89B	0.82B	0.88B	0.85B	0.94B	0.94B	0.94B	0.98B	1.07B	1.21B	1.15B	1.15B	1.17B	1.09B	1.21B	1.15B	1.20B	1.19B	1.30B	1.07B	1.23B	1.12B	1.10B	0.99B
Inventory		0.19B	0.17B	0.16B	0.18B	0.18B	0.18B	0.17B	0.19B	0.20B	0.21B	0.21B	0.23B	0.24B	0.24B	0.22B	0.25B	0.23B	0.22B	0.22B	0.24B	0.25B	0.25B	0.24B	0.27B	0.28B	0.29B	0.27B	0.32B	0.31B	0.30B	0.26B	0.28B	0.29B	0.24B	0.22B	0.24B	0.26B	0.27B	0.21B	0.23B	0.26B	0.27B	0.24B	0.27B	0.26B	0.25B	0.22B	0.24B	0.25B	0.23B	0.22B	0.26B	0.29B	0.28B	0.25B	0.26B	0.27B	0.30B	0.26B	0.27B	0.31B	0.29B	0.28B	0.27B	0.31B	0.30B	0.27B
Current Deferred Tax Assets		0.14B	0.15B	0.14B	0.14B	0.15B	0.15B	0.14B	0.15B	0.16B	0.16B	0.14B	0.15B	0.13B	0.14B	0.17B	0.17B	0.14B	0.15B	0.18B	0.18B	0.16B	0.18B	0.17B	0.12B	0.12B	0.12B	0.12B
Prepaid Assets		0.09B	0.06B	0.09B	0.07B	0.05B	0.04B	0.24B	0.07B	0.05B	0.03B	0.08B	0.07B	0.05B	0.03B	0.08B	0.07B	0.05B	0.03B	0.09B	0.07B	0.07B	0.05B	0.35B	0.17B	0.07B	0.06B	0.19B	0.10B	0.08B	0.07B	0.13B	0.09B	0.08B	0.06B	0.28B	0.19B	0.18B	0.07B	0.29B	0.23B	0.34B	0.33B	0.34B	0.24B	0.13B	0.09B	0.13B	0.12B	0.15B	0.08B	0.13B	0.11B	0.10B	0.07B	0.15B	0.14B	0.11B	0.12B	0.29B	0.24B	0.15B	0.12B	0.20B	0.19B	0.17B	0.22B	0.41B
Current Assets		1.94B	2.23B	2.25B	2.65B	2.33B	2.63B	2.47B	1.83B	2.31B	1.82B	1.75B	2.33B	1.88B	2.20B	2.24B	2.32B	2.08B	2.49B	3.08B	3.13B	3.27B	3.01B	2.78B	2.12B	2.41B	2.00B	2.51B	1.97B	2.24B	2.32B	2.29B	2.33B	1.94B	2.00B	2.15B	2.48B	1.90B	2.11B	1.86B	1.92B	1.91B	2.02B	2.08B	2.00B	2.35B	2.58B	2.32B	2.30B	3.01B	2.72B	2.17B	3.02B	2.86B	2.71B	2.01B	2.12B	2.03B	3.14B	3.27B	2.36B	2.30B	2.69B	3.19B	2.70B	2.91B	3.04B	3.20B
Non-Current Assets
Property, Plant & Equipment (Net)		22.38B	22.49B	22.64B	22.70B	22.79B	22.89B	23.23B	23.45B	23.67B	23.98B	24.47B	24.70B	24.97B	25.26B	25.74B	25.87B	26.10B	26.41B	26.64B	26.77B	26.93B	27.23B	27.69B	27.83B	28.07B	28.68B	28.99B	29.14B	29.39B	29.47B	29.75B	29.93B	30.03B	30.16B	30.33B	30.40B	30.54B	30.71B	31.09B	31.16B	31.20B	31.39B	31.61B	31.18B	31.22B	31.24B	31.34B	31.31B	31.36B	31.43B	31.65B	31.66B	31.79B	31.84B	32.16B	32.24B	32.47B	32.67B	33.33B	35.05B	35.28B	35.39B	35.83B	35.80B	35.92B	36.11B	36.48B
Long-Term Investments		2.03B	2.07B	2.16B	2.17B	2.29B	2.31B	2.19B	2.20B	2.23B	2.24B	2.23B	2.26B	2.28B	2.31B	2.30B	2.34B	2.37B	2.40B	2.44B	2.47B	2.50B	2.61B	2.68B	2.70B	2.72B	2.74B	2.57B	2.62B	2.64B	2.78B	2.78B	2.81B	2.85B	2.89B	2.98B	3.02B	3.06B	3.11B	3.11B	3.20B	3.30B	3.38B	3.43B	3.47B	3.59B	3.57B	3.59B	3.60B	3.66B	3.68B	3.71B	3.70B	3.67B	3.69B	3.69B	3.74B	3.67B	3.82B	3.84B	3.57B	3.81B	3.97B	3.37B	4.00B	4.04B	4.08B	4.09B
Long-Term Deferred Tax				-6.61B				-6.94B
Other Non-Current Assets		0.29B	0.28B	0.32B	0.22B	0.23B	0.23B	0.30B	0.25B	0.26B	0.27B	0.08B	0.08B	0.06B	0.07B	0.26B	0.07B	0.06B	0.06B	0.32B	0.34B	0.34B	0.35B	0.05B	0.13B	0.10B	0.10B	0.06B	0.07B	0.07B	0.07B	0.07B	0.08B	0.10B	0.10B	0.25B	0.27B	0.29B	0.39B	0.18B	0.78B	0.76B	0.71B	0.80B	0.79B	0.81B	0.80B	0.71B	0.72B	0.73B	0.77B	0.97B	0.99B	1.02B	1.07B	1.03B	1.07B	1.08B	1.10B	1.22B	1.15B	1.16B	1.21B	1.29B	1.29B	1.29B	1.35B	1.47B
Non-Current Assets		24.70B	24.84B	25.12B	25.08B	25.30B	25.43B	25.73B	25.90B	26.16B	26.49B	26.79B	27.04B	27.31B	27.64B	28.10B	28.28B	28.53B	28.87B	29.41B	29.57B	29.77B	30.19B	30.42B	30.66B	30.90B	31.52B	31.63B	31.82B	32.09B	32.31B	32.60B	32.82B	32.99B	33.15B	33.56B	33.68B	33.88B	34.21B	34.38B	35.14B	35.26B	35.48B	35.84B	35.44B	35.61B	35.60B	35.64B	35.63B	35.74B	35.88B	36.33B	36.35B	36.48B	36.59B	36.88B	37.05B	37.23B	37.60B	38.38B	39.77B	40.25B	40.56B	40.49B	41.10B	41.25B	41.54B	42.04B
Assets		26.63B	27.07B	27.37B	27.73B	27.63B	28.06B	28.20B	27.73B	28.48B	28.31B	28.54B	29.38B	29.19B	29.84B	30.34B	30.60B	30.61B	31.36B	32.48B	32.70B	33.04B	33.21B	33.20B	32.77B	33.31B	33.53B	34.14B	33.78B	34.33B	34.63B	34.89B	35.15B	34.92B	35.15B	35.71B	36.16B	35.79B	36.32B	36.24B	37.06B	37.17B	37.50B	37.92B	37.44B	37.96B	38.18B	37.96B	37.94B	38.75B	38.60B	38.49B	39.36B	39.34B	39.31B	38.88B	39.17B	39.26B	40.74B	41.65B	42.13B	42.56B	43.26B	43.68B	43.80B	44.16B	44.58B	45.24B
Liabilities
Current Liabilities
Accounts Payables		0.94B	0.98B	0.97B	0.99B	1.06B	1.13B	1.18B	1.09B	1.25B	1.33B	1.09B	1.24B	1.13B	1.26B	1.36B	1.19B	1.18B	1.27B	1.26B	1.19B	1.25B	1.39B	1.23B	1.09B	1.14B	1.16B	1.09B	1.12B	1.08B	1.13B	1.22B	1.21B	1.22B	1.29B	1.40B	1.22B	1.32B	1.39B	1.50B	1.33B	1.41B	1.41B	1.43B	1.28B	1.27B	1.27B	1.02B	1.04B	1.12B	1.20B	1.35B	1.18B	1.31B	1.49B	1.29B	1.31B	1.42B	1.50B	1.64B	1.51B	1.53B	1.61B	1.70B	1.45B	1.50B	1.66B	1.86B
Notes Payables				0.10B				0.10B				0.10B				0.20B				0.10B				0.10B			0.10B	0.20B	0.10B			0.10B				0.10B	0.05B				0.25B		0.35B													0.10B		0.13B			0.40B	0.40B
Payables		0.94B	0.98B	1.07B	0.99B	1.06B	1.13B	1.28B	1.09B	1.25B	1.33B	1.19B	1.24B	1.13B	1.26B	1.56B	1.19B	1.18B	1.27B	1.36B	1.19B	1.25B	1.39B	1.33B	1.09B	1.14B	1.26B	1.29B	1.22B	1.08B	1.13B	1.31B	1.21B	1.22B	1.29B	1.50B	1.27B	1.32B	1.39B	1.50B	1.58B	1.41B	1.76B	1.43B	1.28B	1.27B	1.27B	1.02B	1.04B	1.12B	1.20B	1.35B	1.18B	1.31B	1.49B	1.39B	1.31B	1.55B	1.50B	1.64B	1.91B	1.94B	1.61B	1.70B	1.45B	1.50B	1.66B	1.86B
Accumulated Expenses				0.12B				0.12B				0.12B				0.13B				0.13B
Other Accumulated Expenses		0.24B	0.29B	0.23B	0.31B	0.28B	0.35B	0.24B	0.31B	0.28B	0.33B	0.25B	0.34B	0.30B	0.36B	0.26B	0.35B	0.30B	0.38B	0.27B	0.36B	0.33B	0.39B	0.23B	0.30B	0.26B	0.33B	0.24B	0.31B	0.27B	0.33B	0.23B	0.30B	0.25B	0.32B	0.23B	0.30B	0.26B	0.32B	0.25B	0.38B	0.37B	0.40B	0.33B	0.35B	0.34B	0.39B	0.30B	0.34B	0.33B	0.38B	0.31B	0.37B	0.36B	0.41B	0.34B	0.67B	0.79B	0.80B	0.73B	1.31B	1.27B	1.33B	0.95B	0.96B	1.04B	1.03B	0.96B
Short term Debt		0.39B	0.38B	0.37B	0.65B	0.36B	0.36B	0.36B	0.06B	0.06B	0.06B	0.10B	0.03B	0.03B	0.05B	0.20B	0.05B	0.05B	0.45B	0.45B	0.45B	0.43B	0.00B	0.10B	0.50B	0.50B	0.50B	0.50B	0.10B	0.55B	0.55B	0.55B	0.55B	0.60B	0.60B	0.60B	0.60B	0.50B	0.50B	0.58B	0.58B	0.40B	0.40B	0.32B	0.40B	0.09B	0.09B	0.58B	0.50B	1.05B	0.56B	0.55B	1.15B	0.60B	0.60B	0.60B	0.40B	0.41B	0.41B	0.00B	0.40B	0.40B	0.56B	0.56B	0.56B	0.90B	0.61B	0.61B
Current Taxes		0.16B	0.22B	0.11B	0.25B	0.23B	0.12B	0.20B	0.10B	0.16B	0.22B	0.21B	0.32B	0.32B	0.15B	0.21B	0.32B	0.28B	0.24B	0.23B	0.32B	0.36B	0.30B	0.22B	0.21B	0.29B	0.27B	0.20B	0.30B	0.20B	0.22B	0.24B	0.38B	0.27B	0.21B	0.21B	0.22B	0.27B	0.23B	0.26B	0.34B	0.27B	0.20B	0.23B	0.20B	0.24B	0.26B	0.26B	0.36B	0.30B	0.27B	0.30B	0.44B	0.33B	0.30B	0.31B	0.44B	0.24B	0.21B	0.26B	0.22B	0.21B	0.18B	0.34B	0.49B	0.22B	0.23B	0.34B
Total Current Liabilities		1.74B	1.87B	1.79B	2.19B	1.94B	1.96B	2.08B	1.57B	1.75B	1.94B	1.70B	1.93B	1.77B	1.82B	2.08B	1.90B	1.81B	2.33B	2.31B	2.32B	2.37B	2.08B	1.78B	2.10B	2.20B	2.37B	2.23B	1.83B	2.11B	2.23B	2.34B	2.44B	2.34B	2.41B	2.54B	2.39B	2.35B	2.44B	2.59B	2.88B	2.45B	2.76B	2.30B	2.24B	1.94B	2.00B	2.16B	2.25B	2.80B	2.41B	2.52B	3.15B	2.61B	2.80B	2.65B	2.82B	2.99B	2.91B	2.63B	3.45B	3.67B	3.68B	3.54B	3.45B	3.67B	3.52B	3.77B
Non-Current Liabilities
Capital Leases																																								0.00B
Non-Current Debt		6.69B	6.68B	6.68B	6.38B	6.33B	6.57B	6.57B	6.55B	6.93B	6.78B	7.39B	7.99B	7.97B	8.43B	8.43B	8.44B	8.43B	8.50B	8.90B	8.91B	8.81B	8.92B	8.88B	8.43B	8.89B	8.90B	9.39B	9.40B	9.55B	9.55B	9.56B	9.57B	9.27B	9.28B	9.14B	9.64B	9.15B	10.63B	10.56B	10.57B	11.08B	11.09B	11.88B	11.81B	12.61B	12.63B	12.10B	12.12B	12.67B	13.27B	13.29B	13.69B	14.45B	14.46B	14.48B	14.59B	14.59B	16.18B	17.18B	17.18B	16.94B	16.64B	16.65B	16.66B	16.46B	16.48B	16.48B
Non-Current Deffered Revenue				0.13B				0.12B				0.12B				0.12B				0.12B
Pension								0.85B				0.96B				1.05B				0.57B
Non-Current Deferred Tax Liability		6.45B	6.57B	6.75B	6.80B	6.82B	6.96B	7.09B	7.21B	7.37B	7.55B	7.49B	7.59B	7.64B	7.80B	7.83B	7.92B	7.97B	8.07B	8.96B	8.65B	8.66B	8.68B	9.22B	8.78B	8.82B	8.84B	8.94B	8.99B	9.05B	9.13B	9.73B	9.20B	9.26B	9.37B	6.65B	6.37B	6.41B	6.46B	6.83B	6.52B	6.60B	6.69B	7.27B	6.83B	6.87B	6.90B	7.37B	6.98B	7.04B	7.09B	7.57B	7.22B	7.28B	7.19B	7.60B	7.25B	7.23B	7.21B	7.76B	7.20B	7.23B	7.36B	7.84B	7.48B	7.53B	7.73B	8.08B
Other Non-Current Liabilities		1.90B	1.89B	1.80B	1.79B	1.79B	1.78B	1.79B	1.79B	1.79B	1.79B	2.05B	2.05B	2.03B	2.02B	2.24B	2.23B	2.20B	2.17B	1.44B	1.13B	1.12B	1.08B	1.31B	1.30B	1.32B	1.29B	1.39B	1.34B	1.36B	1.32B	1.44B	1.41B	1.39B	1.37B	1.35B	1.35B	1.32B	1.30B	1.27B	1.76B	1.74B	1.73B	1.74B	1.68B	1.68B	1.70B	1.99B	1.95B	1.94B	1.94B	1.88B	1.84B	1.84B	1.83B	1.76B	1.78B	1.81B	1.82B	1.84B	1.77B	1.75B	1.79B	1.76B	1.70B	1.71B	1.71B	1.72B
Total Non-Current Liabilities		14.87B	15.12B	15.21B	15.37B	15.08B	15.49B	15.74B	15.33B	16.06B	16.27B	16.58B	17.51B	17.39B	18.05B	18.34B	18.26B	18.22B	18.91B	19.75B	19.88B	19.84B	19.68B	19.48B	19.32B	19.91B	20.10B	20.57B	20.22B	20.70B	20.91B	21.04B	21.21B	20.88B	21.06B	18.00B	18.39B	17.91B	19.54B	19.61B	19.97B	20.12B	20.54B	21.00B	20.87B	21.42B	21.54B	21.18B	21.34B	22.50B	22.77B	22.97B	24.05B	24.34B	24.45B	24.39B	24.66B	24.81B	26.30B	27.03B	27.82B	27.83B	27.68B	27.62B	27.59B	27.66B	27.73B	27.97B
Total Liabilities		16.77B	17.01B	17.02B	17.17B	16.87B	17.27B	17.53B	17.13B	17.85B	18.06B	18.63B	19.56B	19.41B	20.07B	20.58B	20.49B	20.42B	21.07B	21.19B	21.01B	20.96B	20.77B	20.79B	20.62B	21.23B	21.40B	21.95B	21.56B	22.06B	22.24B	22.48B	22.62B	22.26B	22.43B	19.35B	19.74B	19.23B	20.84B	20.88B	21.73B	21.86B	22.26B	22.74B	22.55B	23.10B	23.24B	23.17B	23.29B	24.44B	24.72B	24.85B	25.90B	26.18B	26.28B	26.15B	26.44B	26.62B	28.12B	28.87B	29.59B	29.58B	29.47B	29.38B	29.29B	29.37B	29.44B	29.69B
Shareholder's Equity
Total Debt		7.08B	7.07B	7.05B	7.03B	6.69B	6.93B	6.92B	6.62B	6.99B	6.84B	7.49B	8.02B	8.00B	8.48B	8.63B	8.48B	8.48B	8.95B	9.35B	9.35B	9.25B	8.92B	8.98B	8.93B	9.39B	9.40B	9.89B	9.50B	10.10B	10.11B	10.11B	10.12B	9.87B	9.88B	9.74B	10.24B	9.65B	11.13B	11.14B	11.15B	11.48B	11.49B	12.20B	12.21B	12.70B	12.72B	12.68B	12.62B	13.72B	13.83B	13.84B	14.84B	15.05B	15.07B	15.08B	14.99B	15.00B	16.58B	17.18B	17.58B	17.34B	17.20B	17.21B	17.21B	17.37B	17.08B	17.09B
Common Equity		9.86B	10.07B	10.35B	10.56B	10.76B	10.79B	10.67B	10.60B	10.63B	10.26B	9.91B	9.81B	9.78B	9.77B	9.76B	10.11B	10.19B	10.29B	11.29B	11.69B	12.08B	12.44B	12.41B	12.16B	12.08B	12.13B	12.19B	12.22B	12.27B	12.40B	12.41B	12.53B	12.66B	12.73B	16.36B	16.42B	16.56B	15.48B	15.36B	15.33B	15.31B	15.24B	15.18B	14.88B	14.86B	14.94B	14.79B	14.64B	14.32B	13.89B	13.64B	13.46B	13.15B	13.02B	12.73B	12.73B	12.64B	12.62B	12.78B	12.54B	12.98B	13.79B	14.31B	14.51B	14.79B	15.14B	15.55B
Shareholder's Equity		9.86B	10.07B	10.35B	10.56B	10.76B	10.79B	10.67B	10.60B	10.63B	10.26B	9.91B	9.81B	9.78B	9.77B	9.76B	10.11B	10.19B	10.29B	11.29B	11.69B	12.08B	12.44B	12.41B	12.16B	12.08B	12.13B	12.19B	12.22B	12.27B	12.40B	12.41B	12.53B	12.66B	12.73B	16.36B	16.42B	16.56B	15.48B	15.36B	15.33B	15.31B	15.24B	15.18B	14.88B	14.86B	14.94B	14.79B	14.64B	14.32B	13.89B	13.64B	13.46B	13.15B	13.02B	12.73B	12.73B	12.64B	12.62B	12.78B	12.54B	12.98B	13.79B	14.31B	14.51B	14.79B	15.14B	15.55B
Liabilities and Shareholders Equity		26.63B	27.07B	27.37B	27.73B	27.63B	28.06B	28.20B	27.73B	28.48B	28.31B	28.54B	29.38B	29.19B	29.84B	30.34B	30.60B	30.61B	31.36B	32.48B	32.70B	33.04B	33.21B	33.20B	32.77B	33.31B	33.53B	34.14B	33.78B	34.33B	34.63B	34.89B	35.15B	34.92B	35.15B	35.71B	36.16B	35.79B	36.32B	36.24B	37.06B	37.17B	37.50B	37.92B	37.44B	37.96B	38.18B	37.96B	37.94B	38.75B	38.60B	38.49B	39.36B	39.34B	39.31B	38.88B	39.17B	39.26B	40.74B	41.65B	42.13B	42.56B	43.26B	43.68B	43.80B	44.16B	44.58B	45.24B
Retained Earnings		8.67B	8.85B	-0.85B	9.16B	9.32B	9.34B	-0.81B	9.09B	9.10B	8.76B	-1.03B	8.58B	8.54B	8.51B	-1.11B	-1.09B	-1.06B	-1.04B	-0.38B	-0.19B	-0.18B	-0.18B	-0.40B	-0.40B	-0.39B	-0.38B	-0.45B	-0.44B	-0.44B	-0.43B	-0.49B	-0.48B	-0.48B	10.66B	14.18B	14.33B	14.46B	13.64B	13.44B	13.41B	13.38B	13.31B	13.21B	12.90B	12.86B	12.91B	12.88B	12.74B	12.41B	11.99B	11.59B	11.41B	11.12B	10.99B	10.70B	10.70B	10.61B	10.59B	10.70B	10.44B	10.87B	11.67B	12.09B	12.30B	12.56B	12.89B	13.23B
Treasury Shares				0.02B		0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B		0.02B				0.02B				0.02B				0.02B				0.02B				0.02B				0.02B				0.02B				0.02B	0.00B	0.00B	0.00B	0.02B

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Norfolk Southern Balance Sheet (2009-2025) | NSC

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