Item 1A. Risk Factors

For information regarding factors that could affect the Company's results of operations, financial condition and liquidity, see the risk factors discussed under Part I, Item 1A (Risk Factors) of CSX's most recent annual report on Form 10-K. See also Part I, Item 2 (Forward-Looking Statements) of this quarterly report on Form 10-Q.

Item 2. CSX Purchases of Equity Securities

The Company continues to repurchase shares under the $5 billion share repurchase program announced in October 2020. Total repurchase authority remaining as of June 30, 2022, was $488 million. On July 19, 2022, a new incremental $5 billion share repurchase program was approved. For more information about share repurchases, see Note 2, Earnings Per Share. Share repurchase activity for the second quarter 2022 was as follows:


	CSX Purchases of Equity Securities for the Quarter
Second Quarter	Total Number of Shares Purchased	Average Price Paid per Share		Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs	Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs
Beginning Balance					$	1,986,823,106
April 1 - April 30, 2022	10,174,222	$	34.80	10,174,222	1,632,801,722
May 1 - May 31, 2022	17,759,231	32.72		17,759,231	1,051,808,384
June 1 - June 30, 2022	18,574,945	30.34		18,574,945	488,270,718
Ending Balance	46,508,398	$	32.22	46,508,398	$	488,270,718

Item 3. Defaults Upon Senior Securities

None

Item 4. Mine Safety Disclosures

Not Applicable

Previous: Item 4. CONTROLS AND PROCEDURES · Next: Item 5. Other Information