Balance Sheet: Liabilities and Stockholders’ Equity

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

CSX Corp., consolidated balance sheet: liabilities and stockholders’ equity

US$ in millions

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Accounts payable	1,130)	963)	809)	1,043)	949)
Labor and fringe benefits payable	707)	630)	482)	489)	550)
Personal injury	40)	37)	38)	42)	40)
Occupational	10)	7)	11)	6)	10)
Casualty reserves	50)	44)	49)	48)	50)
Environmental reserves	53)	37)	23)	31)	39)
Other reserves	41)	37)	18)	21)	24)
Casualty, environmental and other reserves	144)	118)	90)	100)	113)
Current maturities of long-term debt	151)	181)	401)	245)	18)
Income and other taxes payable	111)	134)	73)	69)	106)
Other current liabilities	228)	207)	164)	205)	179)
Current liabilities	2,471)	2,233)	2,019)	2,151)	1,915)
Personal injury	86)	81)	93)	87)	103)
Occupational	58)	55)	54)	52)	46)
Casualty reserves	144)	136)	147)	139)	149)
Environmental reserves	108)	71)	53)	43)	41)
Other reserves	40)	43)	24)	23)	21)
Casualty, environmental and other reserves	292)	250)	224)	205)	211)
Long-term debt, excluding current portion	17,896)	16,185)	16,304)	15,993)	14,739)
Deferred income taxes, net	7,569)	7,383)	7,168)	6,961)	6,690)
Long-term operating lease liability	488)	478)	455)	493)	—)
Other long-term liabilities	571)	502)	513)	591)	594)
Long-term liabilities	26,816)	24,798)	24,664)	24,243)	22,234)
Total liabilities	29,287)	27,031)	26,683)	26,394)	24,149)
Common stock, $1 par value	2,066)	2,202)	763)	773)	818)
Other capital	574)	66)	409)	346)	249)
Retained earnings	10,363)	11,630)	12,527)	11,404)	12,157)
Accumulated other comprehensive loss	(388)	(408)	(598)	(675)	(661)
Shareholders’ equity, attributable to CSX	12,615)	13,490)	13,101)	11,848)	12,563)
Non-controlling minority interest	10)	10)	9)	15)	17)
Total shareholders’ equity	12,625)	13,500)	13,110)	11,863)	12,580)
Total liabilities and shareholders’ equity	41,912)	40,531)	39,793)	38,257)	36,729)

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

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Balance sheet item	Description	The company
Current liabilities	Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.	CSX Corp. current liabilities increased from 2020 to 2021 and from 2021 to 2022.
Long-term liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	CSX Corp. long-term liabilities increased from 2020 to 2021 and from 2021 to 2022.
Total liabilities	Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.	CSX Corp. total liabilities increased from 2020 to 2021 and from 2021 to 2022.
Shareholders’ equity, attributable to CSX	Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.	CSX Corp. shareholders’ equity, attributable to CSX increased from 2020 to 2021 but then decreased significantly from 2021 to 2022.

CSX Corp. (NASDAQ:CSX)

Balance Sheet: Liabilities and Stockholders’ Equity