CSX Corp., adjusted current assets

US$ in millions

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
As Reported
Current assets	3,849)	3,873)	4,441)	3,278)	2,565)
Adjustments
Add: Allowance for credit losses	33)	28)	28)	30)	26)
After Adjustment
Adjusted current assets	3,882)	3,901)	4,469)	3,308)	2,591)

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CSX Corp., adjusted total assets

US$ in millions

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
As Reported
Total assets	41,912)	40,531)	39,793)	38,257)	36,729)
Adjustments
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	303)
Add: Allowance for credit losses	33)	28)	28)	30)	26)
After Adjustment
Adjusted total assets	41,945)	40,559)	39,821)	38,287)	37,058)

¹ Operating lease right-of-use asset (before adoption of FASB Topic 842). See details »

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CSX Corp., adjusted total liabilities

US$ in millions

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
As Reported
Total liabilities	29,287)	27,031)	26,683)	26,394)	24,149)
Adjustments
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	303)
Less: Deferred income tax liabilities²	7,569)	7,383)	7,168)	6,961)	6,690)
After Adjustment
Adjusted total liabilities	21,718)	19,648)	19,515)	19,433)	17,762)

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Deferred income tax liabilities. See details »

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CSX Corp., adjusted shareholders’ equity, attributable to CSX

US$ in millions

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
As Reported
Shareholders’ equity, attributable to CSX	12,615)	13,490)	13,101)	11,848)	12,563)
Adjustments
Less: Net deferred income tax assets (liabilities)¹	(7,569)	(7,383)	(7,168)	(6,961)	(6,690)
Add: Allowance for credit losses	33)	28)	28)	30)	26)
Add: Non-controlling minority interest	10)	10)	9)	15)	17)
After Adjustment
Adjusted total shareholders’ equity	20,227)	20,911)	20,306)	18,854)	19,296)

¹ Net deferred income tax assets (liabilities). See details »

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CSX Corp., adjusted capitalization table

US$ in millions

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
As Reported
Current maturities of long-term debt	151)	181)	401)	245)	18)
Long-term debt, excluding current portion	17,896)	16,185)	16,304)	15,993)	14,739)
Total reported debt	18,047)	16,366)	16,705)	16,238)	14,757)
Shareholders’ equity, attributable to CSX	12,615)	13,490)	13,101)	11,848)	12,563)
Total reported capital	30,662)	29,856)	29,806)	28,086)	27,320)
Adjustments to Debt
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	303)
Add: Current operating lease liabilities (recorded in Other current liabilities)²	69)	64)	45)	57)	—)
Add: Long-term operating lease liability³	488)	478)	455)	493)	—)
Adjusted total debt	18,604)	16,908)	17,205)	16,788)	15,060)
Adjustments to Equity
Less: Net deferred income tax assets (liabilities)⁴	(7,569)	(7,383)	(7,168)	(6,961)	(6,690)
Add: Allowance for credit losses	33)	28)	28)	30)	26)
Add: Non-controlling minority interest	10)	10)	9)	15)	17)
Adjusted total shareholders’ equity	20,227)	20,911)	20,306)	18,854)	19,296)
After Adjustment
Adjusted total capital	38,831)	37,819)	37,511)	35,642)	34,356)

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Current operating lease liabilities (recorded in Other current liabilities). See details »

³ Long-term operating lease liability. See details »

⁴ Net deferred income tax assets (liabilities). See details »

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CSX Corp., adjusted net earnings

US$ in millions

12 months ended:	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
As Reported
Net earnings	4,166)	3,781)	2,765)	3,331)	3,309)
Adjustments
Add: Deferred income tax expense (benefit)¹	117)	167)	180)	273)	279)
Add: Increase (decrease) in allowance for credit losses	5)	—)	(2)	4)	—)
Add: Other comprehensive income (loss), net of tax	20)	190)	77)	(14)	(175)
After Adjustment
Adjusted net earnings	4,308)	4,138)	3,020)	3,594)	3,413)

¹ Deferred income tax expense (benefit). See details »

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CSX Corp. (NASDAQ:CSX)

Adjustments to Financial Statements