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 June 30, 2023 was $1.3 billion. For more information about share repurchases, see Note 2, Earnings Per Share. Share repurchase activity for the second quarter 2023 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					$	2,204,587,299
April 1 - April 30, 2023	6,309,910	$	30.10	6,309,910	2,014,674,156
May 1 - May 31, 2023	10,730,613	31.43		10,730,613	1,677,387,037
June 1 - June 30, 2023	10,393,389	32.30		10,393,389	1,341,649,845
Ending Balance	27,433,912	$	31.46	27,433,912	$	1,341,649,845

Item 3. Defaults Upon Senior Securities

None

Item 4. Mine Safety Disclosures

Not Applicable

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