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Item 16. Form 10-K Summary

7K characters. Original on sec.gov ·

Item 16. Form 10-K Summary

Not applicable.

K92

POWER OF ATTORNEY

Each person whose signature appears on the next page under SIGNATURES hereby authorizes Vanessa Allen Sutherland and Mark R. George, or any one of them, to execute in the name of each such person, and to file, any amendments to this report, and hereby appoints Vanessa Allen Sutherland and Mark R. George, or any one of them, as attorneys-in-fact to sign on his or her behalf, individually and in each capacity stated below, and to file, any and all amendments to this report.

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, Norfolk Southern Corporation has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized, on this 4th day of February, 2021.

/s/ James A. Squires
By:James A. Squires
(Chairman, President and Chief Executive Officer)

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Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below on this 4th day of February, 2021, by the following persons on behalf of Norfolk Southern Corporation and in the capacities indicated.

SignatureTitle
/s/ James A. Squires (James A. Squires)Chairman, President and Chief Executive Officer and Director (Principal Executive Officer)
/s/ Mark R. George (Mark R. George)Executive Vice President Finance and Chief Financial Officer (Principal Financial Officer)
/s/ Clyde H. Allison, Jr. (Clyde H. Allison, Jr.)Vice President and Controller (Principal Accounting Officer)
/s/ Thomas D. Bell, Jr. (Thomas D. Bell, Jr.)Director
/s/ Mitchell E. Daniels, Jr. (Mitchell E. Daniels, Jr.)Director
/s/ Marcela E. Donadio (Marcela E. Donadio)Director
/s/ John C. Hufford, Jr. (John C. Hufford, Jr.)Director
/s/ Christopher T. Jones (Christopher T. Jones)Director
/s/ Thomas C. Kelleher (Thomas C. Kelleher)Director
/s/ Steven F. Leer (Steven F. Leer)Director
/s/ Michael D. Lockhart (Michael D. Lockhart)Director
/s/ Amy E. Miles (Amy E. Miles)Director
/s/ Claude Mongeau (Claude Mongeau)Director
/s/ Jennifer F. Scanlon (Jennifer F. Scanlon)Director
/s/ John R. Thompson (John R. Thompson)Director

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Schedule II

Norfolk Southern Corporation and Subsidiaries

Valuation and Qualifying Accounts

Years ended December 31, 2020, 2019, and 2018

($ in millions)

Additions charged to:
Beginning BalanceExpensesOther AccountsDeductionsEnding Balance
Year ended December 31, 2020
Current portion of casualty and
other claims included in
accounts payable$212$27$81(2)$138(3)$182
Casualty and other claims
included in other liabilities17180(1)—82(4)169
Year ended December 31, 2019
Current portion of casualty and
other claims included in
accounts payable$213$22$131(2)$154(3)$212
Casualty and other claims
included in other liabilities15889(1)—76(4)171
Year ended December 31, 2018
Current portion of casualty and
other claims included in
accounts payable$187$32$145(2)$151(3)$213
Casualty and other claims
included in other liabilities17985(1)—106(4)158

(1)Includes adjustments for changes in estimates for prior years’ claims.

(2)Includes revenue refunds and overcharges provided through deductions from operating revenues and transfers

from other accounts.

(3)Payments and reclassifications to/from accounts payable.

(4)Payments and reclassifications to/from other liabilities.

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