Item 1A. Risk Factors

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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 program announced in July 2022. Total repurchase authority remaining as of March 31, 2023, was $2.2 billion. For more information about share repurchases, see Note 2, Earnings Per Share. Share repurchase activity for the first quarter 2023 was as follows:


	CSX Purchases of Equity Securities for the Quarter
First 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					$	3,271,977,916
January 1 - January 31, 2023	6,996,932	$	30.95	6,996,932	3,055,413,621
February 1 - February 28, 2023	11,211,300	31.15		11,211,300	2,706,147,435
March 1 - March 31, 2023	16,948,724	29.59		16,948,724	2,204,587,299
Ending Balance	35,156,956	$	30.36	35,156,956	$	2,204,587,299

Item 3. Defaults Upon Senior Securities

None

Item 4. Mine Safety Disclosures

Not Applicable

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