Union Pacific Balance Sheet (2009-2025) | UNP

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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	1.47B	1.66B	1.44B	1.85B	1.75B	1.32B	1.36B	1.09B	1.25B	1.05B	1.65B	1.22B	0.99B	1.20B	1.13B	1.06B	1.92B	1.84B	1.37B	1.43B	1.86B	1.54B	1.89B	1.59B	1.59B	2.04B	1.08B	1.39B	2.67B	1.83B	1.91B	1.28B	1.05B	1.29B	1.85B	1.27B	1.05B	1.60B	1.81B	1.27B	1.06B	1.05B	1.25B	0.83B	1.13B	2.71B	2.60B	1.80B	1.18B	1.11B	1.19B	0.96B	0.91B	0.79B	1.27B	0.97B	1.08B	0.83B	0.75B	1.05B	0.93B	1.14B	0.95B	1.02B	1.41B	1.06B	0.81B	1.27B
Short-term Investments																														0.33B	0.33B	0.06B	0.09B	0.09B	0.09B	0.09B	0.09B	0.09B	0.09B	0.06B	0.06B	0.06B	0.06B	0.06B	0.06B	0.06B	0.06B	0.06B	0.06B	0.05B	0.05B	0.05B	0.05B	0.05B	0.05B	0.05B			0.02B	0.02B	0.02B	0.02B	0.02B	0.02B				0.25B
Cash & Current Investments	1.47B	1.66B	1.44B	1.85B	1.75B	1.32B	1.36B	1.09B	1.25B	1.05B	1.65B	1.22B	0.99B	1.20B	1.13B	1.06B	1.92B	1.84B	1.37B	1.43B	1.86B	1.54B	1.89B	1.59B	1.59B	2.04B	1.08B	1.39B	2.67B	2.16B	2.24B	1.34B	1.14B	1.38B	1.94B	1.36B	1.14B	1.69B	1.90B	1.33B	1.12B	1.11B	1.31B	0.89B	1.19B	2.77B	2.66B	1.86B	1.24B	1.16B	1.24B	1.01B	0.95B	0.83B	1.31B	1.02B	1.08B	0.83B	0.77B	1.07B	0.94B	1.16B	0.97B	1.04B	1.41B	1.06B	0.81B	1.52B
Receivables - Net	0.05B	0.63B	0.73B	0.67B	1.22B	1.25B	1.30B	1.18B	1.27B	1.43B	1.42B	1.40B	1.33B	1.50B	1.58B	1.33B	1.51B	1.47B	1.47B	1.41B	1.54B	1.67B	1.64B	1.61B	1.56B	1.51B	1.51B	1.36B	1.35B	1.37B	1.35B	1.26B	1.28B	1.36B	1.43B	1.49B	1.57B	1.63B	1.79B	1.75B	1.67B	1.81B	1.65B	1.59B	1.67B	1.39B	1.56B	1.50B	1.61B	1.67B	1.68B	1.72B	1.96B	2.05B	2.05B	1.89B	1.96B	1.83B	1.93B	2.07B	2.16B	2.12B	2.04B	1.89B	1.97B	1.92B	1.92B	1.86B
Receivables	0.05B	0.63B	0.73B	0.67B	1.22B	1.25B	1.30B	1.18B	1.27B	1.43B	1.42B	1.40B	1.33B	1.50B	1.58B	1.33B	1.51B	1.47B	1.47B	1.41B	1.54B	1.67B	1.64B	1.61B	1.56B	1.51B	1.51B	1.36B	1.35B	1.37B	1.35B	1.26B	1.28B	1.36B	1.43B	1.49B	1.57B	1.63B	1.79B	1.75B	1.67B	1.81B	1.65B	1.59B	1.67B	1.39B	1.56B	1.50B	1.61B	1.67B	1.68B	1.72B	1.96B	2.05B	2.05B	1.89B	1.96B	1.83B	1.93B	2.07B	2.16B	2.12B	2.04B	1.89B	1.97B	1.92B	1.92B	1.86B
Inventory	0.45B	0.51B	0.49B	0.47B	0.51B		0.50B	0.53B	0.58B	0.63B	0.61B	0.61B	0.68B	0.65B	0.68B	0.66B	0.66B	0.65B	0.68B	0.65B	0.70B	0.74B	0.74B	0.71B	0.74B	0.76B	0.74B	0.74B	0.72B	0.66B	0.69B	0.72B	0.76B	0.73B	0.74B	0.75B	0.81B	0.77B	0.79B	0.74B	0.78B	0.78B	0.77B	0.75B	0.69B	0.67B	0.65B	0.64B	0.66B	0.69B	0.66B	0.62B	0.73B	0.79B	0.79B	0.74B	0.73B	0.74B	0.77B	0.74B	0.77B	0.81B	0.78B	0.77B	0.75B	0.77B	0.78B	0.79B
Current Deferred Tax Assets	0.29B	0.28B	0.30B	0.34B	0.35B		0.36B	0.26B	0.31B	0.32B	0.30B	0.31B	0.31B	0.32B	0.29B	0.26B	0.25B	0.24B	0.23B	0.27B	0.26B	0.24B	0.22B	0.28B	0.25B	0.23B	0.22B
Prepaid Assets	-0.02B	0.27B	0.27B	0.35B	0.28B		0.39B	0.37B	0.27B	0.27B	0.23B	0.19B	0.25B	0.29B	0.26B	0.30B	0.31B	0.33B	0.32B	0.22B	0.32B	0.32B	0.30B	0.49B	0.33B	0.43B	0.40B	0.65B	0.34B	0.37B	0.32B	0.28B	0.41B	0.41B	0.34B	0.40B	0.38B	0.39B	0.34B	0.33B	0.38B	0.39B	0.34B	0.22B	0.25B	0.26B	0.26B	0.21B	0.21B	0.25B	0.23B	0.20B	0.24B	0.30B	0.25B	0.30B	0.30B	0.35B	0.34B	0.26B	0.32B	0.42B	0.37B	0.32B	0.42B	0.43B	0.39B	0.39B
Current Assets	3.02B	3.35B	3.22B	3.68B	4.11B		3.91B	3.43B	3.68B	3.70B	4.21B	3.73B	3.56B	3.96B	3.95B	3.61B	4.65B	4.54B	4.06B	3.99B	4.68B	4.50B	4.78B	4.40B	4.48B	4.98B	3.94B	4.13B	5.08B	4.57B	4.60B	3.60B	3.59B	3.87B	4.45B	4.01B	3.90B	4.49B	4.82B	4.16B	3.95B	4.09B	4.07B	3.46B	3.80B	5.08B	5.13B	4.21B	3.72B	3.76B	3.81B	3.55B	3.88B	3.98B	4.41B	3.95B	4.06B	3.75B	3.81B	4.15B	4.19B	4.50B	4.15B	4.02B	4.54B	4.18B	3.90B	4.55B
Non-Current Assets
Construction in Progress	0.90B			0.97B		1.04B
Land & Improvements	4.86B			4.89B		4.90B	4.91B	4.98B	4.99B	5.01B
Property, Plant & Equipment (Net)	35.86B	36.76B	37.12B	37.20B	37.30B		37.75B	38.25B	38.51B	38.91B	39.42B	39.93B	40.31B	40.94B	41.62B	42.00B	42.38B	42.91B	43.31B	43.75B	44.19B	44.90B	45.55B	46.27B	46.93B	47.51B	48.15B	48.87B	49.07B	49.46B	49.94B	50.39B	50.55B	50.81B	51.04B	51.60B	51.70B	51.95B	52.21B	52.68B	52.86B	53.12B	53.49B	53.92B	54.12B	54.27B	54.38B	54.16B	54.06B	54.15B	54.36B	54.87B	55.06B	55.31B	55.69B	56.04B	56.27B	56.64B	57.01B	57.40B	57.59B	57.84B	58.04B	58.34B	58.71B	59.02B	59.39B	59.65B
Long-Term Investments	0.95B	0.99B	1.01B	1.04B	1.04B		1.10B	1.14B	1.16B	1.18B	1.17B	1.18B	1.21B	1.21B	1.24B	1.26B	1.24B	1.27B	1.28B	1.32B	1.34B	1.37B	1.38B	1.39B	1.38B	1.38B	1.37B	1.41B	1.40B	1.41B	1.45B	1.46B	1.48B	1.50B	1.57B	1.81B	1.81B	1.86B	1.89B	1.91B	1.95B	1.99B	2.00B	2.05B	2.08B	2.04B	2.07B	2.16B	2.17B	2.28B	2.27B	2.24B	2.28B	2.29B	2.31B	2.38B	2.44B	2.52B	2.58B	2.60B	2.65B	2.71B	2.65B	2.66B	2.70B	2.79B	2.84B	2.88B
Long-Term Deferred Tax				10.71B				-11.30B				1.46B				1.25B				0.81B				1.18B				1.19B				1.04B				0.52B				0.50B		0.02B		0.98B				1.07B				0.96B				0.88B				0.82B
Other Non-Current Assets	0.38B	0.45B	0.34B	0.27B	0.26B		0.24B	0.27B	0.24B	0.25B	0.26B	0.26B	0.25B	0.27B	0.27B	0.28B	0.30B	0.30B	0.30B	0.67B	0.69B	0.79B	0.85B	0.31B	0.36B	0.31B	0.30B	0.19B	0.21B	0.26B	0.32B	0.28B	0.28B	0.29B	0.35B	0.39B	0.39B	0.39B	0.40B	0.39B	0.41B	0.44B	0.48B	0.44B	0.44B	0.46B	0.50B	0.25B	0.26B	0.25B	0.28B	1.07B	1.10B	1.16B	1.23B	1.41B	1.50B	1.47B	1.47B	1.34B	1.38B	1.39B	1.39B	1.39B	1.40B	1.40B	1.42B	1.58B
Non-Current Assets	37.18B	38.20B	38.47B	38.50B	38.60B		39.09B	39.66B	39.91B	40.33B	40.85B	41.37B	41.77B	42.42B	43.12B	43.54B	43.91B	44.48B	44.89B	45.74B	46.22B	47.06B	47.79B	47.97B	48.67B	49.19B	49.82B	50.47B	50.69B	51.12B	51.70B	52.12B	52.31B	52.61B	52.95B	53.80B	53.89B	54.20B	54.50B	54.98B	57.37B	57.62B	57.91B	58.21B	58.41B	58.47B	58.58B	58.18B	58.07B	58.31B	58.55B	59.97B	60.17B	60.46B	60.94B	61.50B	61.91B	62.28B	62.73B	62.98B	63.07B	63.32B	63.42B	63.69B	63.95B	64.39B	64.74B	65.14B
Assets	40.20B	41.55B	41.69B	42.18B	42.71B		43.00B	43.09B	43.59B	44.03B	45.07B	45.10B	45.34B	46.37B	47.07B	47.15B	48.56B	49.03B	48.96B	49.73B	50.90B	51.56B	52.57B	52.37B	53.15B	54.18B	53.76B	54.60B	55.77B	55.69B	56.30B	55.72B	55.90B	56.48B	57.40B	57.81B	57.79B	58.69B	59.31B	59.15B	61.32B	61.71B	61.98B	61.67B	62.22B	63.55B	63.71B	62.40B	61.79B	62.07B	62.36B	63.52B	64.05B	64.44B	65.34B	65.45B	65.97B	66.03B	66.54B	67.13B	67.27B	67.82B	67.57B	67.72B	68.49B	68.58B	68.65B	69.70B
Liabilities
Current Liabilities
Accounts Payables		2.66B	2.58B	2.47B	2.67B		2.53B	2.71B	2.77B	2.97B	3.08B	3.11B	3.13B	3.14B	3.16B	2.92B	3.06B	3.09B	2.96B	3.09B	3.56B	3.32B	3.37B	3.30B	2.97B	2.98B	2.99B	2.61B	2.88B	2.69B	2.85B	2.88B	3.12B	2.88B	2.93B	3.14B	2.85B	2.92B	3.06B	3.16B	3.56B	3.37B	3.17B	3.09B	3.13B	3.29B	2.86B	3.10B	3.31B	3.25B	3.28B	3.58B	3.90B	3.67B	4.03B	3.84B	3.62B	3.50B	3.58B	3.68B	3.80B	3.56B	3.71B	3.83B	4.00B	3.93B	3.70B	3.49B
Dividends payables	0.13B			0.13B				0.18B				0.28B	0.28B	0.28B	0.28B	0.32B	0.32B	0.32B	0.36B	0.36B	0.41B	0.40B	0.44B	0.44B
Payables	0.13B	2.66B	2.58B	2.60B	2.67B		2.53B	2.90B	2.77B	2.97B	3.08B	3.39B	3.42B	3.42B	3.44B	3.24B	3.38B	3.41B	3.32B	3.44B	3.96B	3.72B	3.81B	3.74B	2.97B	2.98B	2.99B	2.61B	2.88B	2.69B	2.85B	2.88B	3.12B	2.88B	2.93B	3.14B	2.85B	2.92B	3.06B	3.16B	3.56B	3.37B	3.17B	3.09B	3.13B	3.29B	2.86B	3.10B	3.31B	3.25B	3.28B	3.58B	3.90B	3.67B	4.03B	3.84B	3.62B	3.50B	3.58B	3.68B	3.80B	3.56B	3.71B	3.83B	4.00B	3.93B	3.70B	3.49B
Accumulated Expenses				0.35B			0.35B	0.36B	0.36B	0.40B	0.36B	0.36B	0.37B	0.37B	0.37B	0.21B	0.38B	0.38B	0.38B	0.21B	0.08B	0.08B	0.08B	0.25B	0.07B	0.06B	0.06B	0.18B	0.06B	0.06B	0.06B	0.18B	0.07B	0.07B	0.07B	0.19B	0.07B	0.07B	0.07B	0.21B	0.07B	0.06B	0.06B	0.37B	0.06B	0.07B	0.06B	0.34B	0.34B	0.34B	0.34B	0.06B		0.07B	0.08B	0.94B	0.08B	0.10B	0.10B	0.53B	0.51B	0.56B	0.60B
Other Accumulated Expenses	12.66B			0.48B			0.53B	0.55B	0.47B	0.55B	0.60B	0.62B	0.50B	0.50B	0.56B	0.56B	0.52B	0.57B	0.55B	0.58B	0.55B	0.61B	0.65B	0.64B	0.55B	0.59B	0.64B	0.55B	0.49B	0.55B	0.59B	0.57B	0.58B	0.63B	0.66B	0.67B	0.59B	0.57B	0.58B	0.57B	0.51B	0.55B	0.62B	0.54B	0.49B	0.45B	0.52B	0.59B	0.58B	0.61B	0.69B	0.40B	0.66B	0.72B	0.48B	0.43B	0.42B	0.41B	0.39B	0.46B	0.48B	0.45B	0.45B
Short term Debt	0.14B	0.17B	0.17B	0.21B	0.24B		0.66B	0.24B	0.18B	0.18B	0.64B	0.21B	0.77B	0.78B	0.71B	0.20B	0.55B	0.73B	0.69B	0.70B	0.63B	0.46B	0.46B	0.46B	0.42B	0.43B	0.52B	0.59B	0.40B	0.41B	0.41B	0.76B	0.72B	0.53B	0.90B	0.80B	1.89B	1.46B	1.47B	1.47B	1.70B	2.30B	1.42B	1.26B	1.51B	1.99B	1.98B	1.07B	1.56B	1.11B	1.83B	2.17B	1.56B	2.33B	1.68B	1.68B	2.59B	1.75B	1.72B	1.42B	0.73B	0.73B	1.65B	1.43B	2.23B	2.52B	1.52B	1.52B
Current Leases																																									0.42B	0.44B	0.38B	0.36B	0.33B	0.32B	0.31B	0.32B	0.29B	0.30B	0.31B					0.33B		0.35B	0.36B	0.35B	0.32B	0.32B	0.35B
Current Taxes				0.22B			0.27B	0.34B	0.46B	0.42B	0.57B	0.48B	0.70B	0.51B	0.61B	0.37B	0.58B	0.41B	0.41B	0.49B	0.88B	0.51B	0.56B	0.41B	0.68B	0.48B	0.56B	0.43B	0.76B	0.47B	0.59B	0.47B	0.90B	0.52B	0.56B	0.55B	0.64B	0.58B	0.64B	0.69B	0.93B	0.64B	0.58B	0.50B	0.75B	0.97B	0.55B	0.64B	0.97B	0.77B	0.74B					0.63B		0.56B	0.70B	0.69B	1.02B	0.52B	0.76B
Total Current Liabilities	2.68B	2.83B	2.75B	2.68B	2.91B		3.19B	2.95B	2.95B	3.15B	3.72B	3.32B	3.90B	3.92B	3.87B	3.12B	3.61B	3.83B	3.65B	3.79B	4.19B	3.78B	3.83B	3.76B	3.39B	3.41B	3.51B	3.21B	3.29B	3.10B	3.26B	3.64B	3.85B	3.41B	3.83B	3.94B	4.75B	4.37B	4.53B	4.63B	5.26B	5.67B	4.59B	4.35B	4.64B	5.28B	4.84B	4.17B	4.87B	4.36B	5.11B	5.74B	5.46B	6.00B	5.71B	5.52B	6.21B	5.25B	5.30B	5.11B	4.53B	4.29B	5.37B	5.25B	6.22B	6.45B	5.22B	5.01B
Non-Current Liabilities
Capital Leases															0.23B	0.29B
Non-Current Debt	9.06B	9.82B	9.62B	9.64B	9.48B		9.06B	9.00B	9.02B	8.76B	8.77B	8.70B	8.07B	8.64B	8.77B	8.80B	9.31B	9.08B	8.76B	8.87B	9.54B	10.38B	11.04B	10.95B	11.88B	12.91B	12.80B	13.61B	14.79B	14.78B	15.21B	14.25B	14.31B	15.23B	15.93B	16.14B	15.70B	21.36B	20.94B	20.93B	23.41B	22.95B	24.31B	23.94B	26.36B	26.44B	26.08B	25.66B	25.12B	27.70B	27.56B	27.56B	30.68B	29.67B	31.74B	31.65B	31.19B	31.56B	31.15B	31.16B	31.20B	31.16B	29.76B	29.77B	30.61B	30.29B	30.29B	30.29B
Pension																																																0.62B				0.52B				0.36B				0.37B
Non-Current Deferred Tax Liability	10.32B	10.49B	10.60B	11.04B	11.12B		11.48B	-12.76B	11.79B	12.02B	12.29B	13.52B	12.51B	12.65B	12.86B	14.10B	13.29B	13.48B	13.74B	14.16B	14.23B	14.30B	14.42B	15.58B	14.77B	14.91B	15.06B	16.43B	15.40B	15.59B	15.77B	17.03B	16.16B	16.33B	16.52B	11.46B	11.05B	11.11B	11.27B	11.80B	11.41B	11.57B	11.74B	12.97B	12.09B	12.17B	12.33B	13.31B	12.31B	12.39B	12.50B	13.63B	12.74B	12.78B	12.87B	13.91B	13.08B	13.07B	13.10B	13.95B	13.15B	13.17B	13.20B	13.91B	13.14B	13.03B	13.33B	14.15B
Operating Leases	0.01B																																								2.08B	2.05B	1.92B	1.47B	1.67B	1.64B	1.60B	2.05B	1.17B	1.26B	1.26B	2.10B	1.29B	1.29B	1.30B	1.86B	1.23B	1.22B	1.24B	1.25B	1.02B	0.99B	0.93B	0.93B	0.76B	0.83B	0.76B	1.01B
Other Non-Current Liabilities	2.49B	2.39B	2.30B	2.02B	1.99B		1.84B	1.81B	1.79B	1.79B	1.72B	2.14B	2.11B	2.09B	2.02B	2.25B	2.21B	2.12B	2.03B	1.68B	1.67B	1.66B	1.72B	2.06B	2.04B	1.96B	1.80B	1.84B	1.81B	1.80B	1.78B	1.90B	1.86B	1.90B	1.96B	1.93B	1.91B	1.94B	1.93B	1.87B	1.83B	1.73B	1.77B	1.79B	1.79B	1.89B	1.97B	2.08B	2.07B	2.07B	2.01B	1.95B	1.98B	1.98B	1.97B	1.78B	1.80B	1.75B	1.74B	1.71B	1.71B	1.72B	1.73B	1.73B	1.71B	1.72B	1.74B	1.76B
Total Non-Current Liabilities	22.06B	23.14B	22.96B	23.36B	23.50B		23.73B	23.51B	23.75B	23.93B	24.78B	24.38B	24.47B	25.20B	25.50B	25.03B	26.21B	26.38B	26.16B	26.83B	27.96B	28.46B	29.30B	29.12B	30.05B	31.23B	31.37B	32.05B	33.48B	33.47B	34.24B	33.88B	34.31B	34.96B	36.28B	31.02B	31.49B	36.84B	36.74B	36.85B	41.74B	41.81B	42.19B	41.76B	44.43B	45.21B	44.54B	43.36B	43.47B	45.70B	46.43B	47.41B	50.17B	49.75B	51.63B	51.50B	51.72B	51.09B	50.80B	50.63B	49.89B	49.61B	49.26B	49.10B	50.74B	50.60B	49.60B	49.47B
Total Liabilities	24.55B	25.53B	25.26B	25.38B	25.50B	-17.32B	25.57B	25.32B	25.54B	25.72B	26.50B	26.52B	26.58B	27.29B	27.52B	27.28B	28.42B	28.50B	28.18B	28.51B	29.63B	30.12B	31.02B	31.18B	32.09B	33.19B	33.16B	33.90B	35.30B	35.27B	36.02B	35.79B	36.18B	36.86B	38.25B	32.95B	33.40B	38.78B	38.67B	38.72B	43.58B	43.54B	43.96B	43.55B	46.23B	47.10B	46.52B	45.44B	45.54B	47.77B	48.44B	49.36B	52.15B	51.73B	53.60B	53.29B	53.51B	52.84B	52.54B	52.34B	51.60B	51.33B	50.99B	50.83B	52.45B	52.32B	51.34B	51.23B
Shareholder's Equity
Total Debt	9.20B	9.99B	9.79B	9.85B	9.72B		9.72B	9.24B	9.20B	8.94B	9.41B	8.91B	8.84B	9.42B	9.49B	9.00B	9.86B	9.81B	9.46B	9.58B	10.18B	10.84B	11.51B	11.41B	12.30B	13.34B	13.32B	14.20B	15.19B	15.19B	15.61B	15.01B	15.03B	15.76B	16.83B	16.94B	17.59B	22.81B	22.41B	22.39B	25.11B	25.25B	25.73B	25.20B	27.88B	28.43B	28.06B	26.73B	26.68B	28.81B	29.39B	29.73B	32.24B	32.01B	33.42B	33.33B	33.78B	33.30B	32.88B	32.58B	31.93B	31.89B	31.41B	31.19B	32.84B	32.81B	31.81B	31.81B
Common Equity	15.52B	16.02B	16.29B	16.80B	17.21B	17.32B	17.44B	17.76B	18.05B	18.31B	18.57B	18.58B	18.75B	19.09B	19.55B	19.88B	20.14B	20.52B	20.77B	21.23B	21.27B	21.44B	21.55B	21.19B	21.06B	20.99B	20.60B	20.70B	20.48B	20.42B	20.28B	19.93B	19.72B	19.61B	19.15B	24.86B	24.39B	19.91B	20.64B	20.42B	17.74B	18.17B	18.02B	18.13B	15.99B	16.45B	17.20B	16.96B	16.25B	14.30B	13.92B	14.16B	11.90B	12.71B	11.74B	12.16B	12.45B	13.19B	14.00B	14.79B	15.66B	16.49B	16.58B	16.89B	16.04B	16.26B	17.30B	18.47B
Shareholder's Equity	15.52B	16.02B	16.29B	16.80B	17.21B	17.32B	17.44B	17.76B	18.05B	18.31B	18.57B	18.58B	18.75B	19.09B	19.55B	19.88B	20.14B	20.52B	20.77B	21.23B	21.27B	21.44B	21.55B	21.19B	21.06B	20.99B	20.60B	20.70B	20.48B	20.42B	20.28B	19.93B	19.72B	19.61B	19.15B	24.86B	24.39B	19.91B	20.64B	20.42B	17.74B	18.17B	18.02B	18.13B	15.99B	16.45B	17.20B	16.96B	16.25B	14.30B	13.92B	14.16B	11.90B	12.71B	11.74B	12.16B	12.45B	13.19B	14.00B	14.79B	15.66B	16.49B	16.58B	16.89B	16.04B	16.26B	17.30B	18.47B
Liabilities and Shareholders Equity	40.20B	41.55B	41.69B	42.18B	42.71B		43.00B	43.09B	43.59B	44.03B	45.07B	45.10B	45.34B	46.37B	47.07B	47.15B	48.56B	49.03B	48.96B	49.73B	50.90B	51.56B	52.57B	52.37B	53.15B	54.18B	53.76B	54.60B	55.77B	55.69B	56.30B	55.72B	55.90B	56.48B	57.40B	57.81B	57.79B	58.69B	59.31B	59.15B	61.32B	61.71B	61.98B	61.67B	62.22B	63.55B	63.71B	62.40B	61.79B	62.07B	62.36B	63.52B	64.05B	64.44B	65.34B	65.45B	65.97B	66.03B	66.54B	67.13B	67.27B	67.82B	67.57B	67.72B	68.49B	68.58B	68.65B	69.70B
Treasury Shares				0.00B		0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.01B	0.00B	0.00B	0.00B	0.03B	0.01B	0.01B	0.01B	0.03B	0.01B	0.01B	0.01B	0.03B	0.01B	0.01B	0.01B	0.04B	0.01B	0.01B	0.01B	0.04B	0.01B	0.01B	0.01B	0.04B	0.01B	0.03B	0.00B	0.06B	0.02B	0.00B	0.01B	0.04B	0.01B		0.00B	0.02B	0.01B	0.01B	0.01B	0.47B	0.08B	0.00B	0.01B	0.50B	0.00B	0.00B		0.50B		0.00B	0.00B	0.01B	0.03B	0.01B		0.01B
Retained Earnings	14.04B	14.37B	14.75B	15.03B	15.41B		16.57B	17.15B	17.61B	18.16B	18.83B	-1.05B	-1.05B	-1.06B	-1.01B	-1.19B	-1.17B	-1.15B	-1.14B	-0.75B	-0.73B	-0.71B	-0.71B	-1.21B	-1.22B	-1.21B	-1.21B	-1.20B	-1.21B	-1.20B	-1.19B	-1.27B	-1.25B	-1.22B	-1.17B	-1.14B	-1.42B	-1.43B	-1.39B	-1.42B	-1.38B	-1.30B	-1.30B	48.60B	-1.33B	-1.37B	-1.35B	51.33B	52.02B	53.12B	54.09B	55.05B	55.94B	56.96B	58.05B	58.89B	59.72B	60.50B	61.23B	62.09B	62.94B	63.82B	64.68B	65.63B	66.45B	67.53B	68.50B	69.53B

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Union Pacific Balance Sheet (2009-2025) | UNP

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