filings.toolsItem 16. Form 10-K Summary
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Item 16. Form 10-K Summary
Not applicable.
K101
POWER OF ATTORNEY
Each person whose signature appears on the next page under SIGNATURES hereby authorizes Nabanita C. Nag 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 Nabanita C. Nag and Mark R. George, or any one of them, as attorneys-in-fact to sign on her or his 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 5th day of February, 2024.
| /s/ Alan H. Shaw | |||||
| By: | Alan H. Shaw | ||||
| (President and Chief Executive Officer) |
K102
Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below on this 5th day of February, 2024, by the following persons on behalf of Norfolk Southern Corporation and in the capacities indicated.
| Signature | Title | ||||
| /s/ Alan H. Shaw (Alan H. Shaw) | President and Chief Executive Officer (Principal Executive Officer) | ||||
| /s/ Mark R. George (Mark R. George) | Executive Vice President and Chief Financial Officer (Principal Financial Officer) | ||||
| /s/ Claiborne L. Moore (Claiborne L. Moore) | Vice President and Controller (Principal Accounting Officer) | ||||
| /s/ Amy E. Miles (Amy E. Miles) | Independent Chair and Director | ||||
| /s/ Thomas D. Bell, Jr. (Thomas D. Bell, Jr.) | Director | ||||
| /s/ Mitchell E. Daniels, Jr. (Mitchell E. Daniels, Jr.) | Director | ||||
| /s/ Philip S. Davidson (Philip S. Davidson) | Director | ||||
| /s/ Francesca A. DeBiase (Francesca A. DeBiase) | Director | ||||
| /s/ Marcela E. Donadio (Marcela E. Donadio) | Director | ||||
| /s/ John C. Huffard, Jr. (John C. Huffard, 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/ Claude Mongeau (Claude Mongeau) | Director | ||||
| /s/ Jennifer F. Scanlon (Jennifer F. Scanlon) | Director | ||||
| /s/ John R. Thompson (John R. Thompson) | Director |
K103
Schedule II
Norfolk Southern Corporation and Subsidiaries
Valuation and Qualifying Accounts
Years ended December 31, 2023, 2022, and 2021
($ in millions)
| Additions charged to: | |||||||||||||||||||||||||||||
| Beginning Balance | Expenses | Other Accounts | Deductions | Ending Balance | |||||||||||||||||||||||||
| Year ended December 31, 2023 | |||||||||||||||||||||||||||||
| Current portion of casualty and | |||||||||||||||||||||||||||||
| other claims included in | |||||||||||||||||||||||||||||
| accounts payable | $ | 170 | $ | 51 | $ | 84 | (2) | $ | (119) | (3) | $ | 186 | |||||||||||||||||
| Casualty and other claims | |||||||||||||||||||||||||||||
| included in other liabilities | 218 | 153 | (1) | — | (150) | (4) | 221 | ||||||||||||||||||||||
| Year ended December 31, 2022 | |||||||||||||||||||||||||||||
| Current portion of casualty and | |||||||||||||||||||||||||||||
| other claims included in | |||||||||||||||||||||||||||||
| accounts payable | $ | 166 | $ | 43 | $ | 88 | (2) | $ | 127 | (3) | $ | 170 | |||||||||||||||||
| Casualty and other claims | |||||||||||||||||||||||||||||
| included in other liabilities | 170 | 147 | (1) | — | 99 | (4) | 218 | ||||||||||||||||||||||
| Year ended December 31, 2021 | |||||||||||||||||||||||||||||
| Current portion of casualty and | |||||||||||||||||||||||||||||
| other claims included in | |||||||||||||||||||||||||||||
| accounts payable | $ | 182 | $ | 20 | $ | 80 | (2) | $ | 116 | (3) | $ | 166 | |||||||||||||||||
| Casualty and other claims | |||||||||||||||||||||||||||||
| included in other liabilities | 169 | 77 | (1) | — | 76 | (4) | 170 |
(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.
K104
Previous: Item 15. Exhibits and Financial Statement Schedules