FFilingLens
Quarterly TTM Annual
Income Balance Cash flow
8P

Three-Statement Breakdown

NSC
2026-06-30 · figures in $M

LITTLE CHANGED

Net debt was little changed at $15.5B, and stands at 2.85× annualized EBITDA.

CASH -20.3%
1,069
TOTAL DEBT -2.8%
16,616
NET DEBT -1.4%
15,547
NET DEBT / ANN. EBITDA -0.6%
2.85× TARGET <2.0×
Balance sheet TTM 24-09 TTM 24-12 TTM 25-03 TTM 25-06 TTM 25-09 TTM 25-12 TTM 26-03 vs prior TTM YoY
Cash & equivalents
10-Q
975 1,641 1,006 1,303 1,418 1,530 1,341 1,069 -20.3% -18.0%
Accounts receivable
10-Q
1,302 1,069 1,231 1,123 1,102 988 1,123 1,177 +4.8% +4.8%
Inventories
10-Q
288 277 273 313 297 271 312 327 +4.8% +4.5%
Other current assets
10-Q
125 201 191 168 219 409 248 228 -8.1% +35.7%
Total current assets
10-Q
2,690 3,188 2,701 2,907 3,036 3,198 3,024 2,801 -7.4% -3.6%
Current ratio
10-Q
0.73× 0.90× 0.78× 0.79× 0.86× 0.85× 0.91× 0.83× -8.3% +4.8%
Property, plant & equipment
10-Q
35,390 35,831 35,803 35,921 36,112 36,479 36,442 36,626 +0.5% +2.0%
Total assets
10-Q
43,255 43,682 43,800 44,155 44,580 45,236 45,113 45,122 +0.0% +2.2%
Return on assets (annualized)
10-Q
5.6% 6.0% 7.6% 7.6% 6.6% 6.4% 5.9% 5.8% -1.3% -23.0%
Accounts payable
10-Q
1,614 1,704 1,445 1,504 1,657 1,863 1,695 1,783 +5.2% +18.6%
Accrued liabilities
NOT DISCLOSED
— 58 — — — 65 — — — —
Short-term debt
10-Q
555 555 555 903 607 607 609 649 +6.6% -28.1%
Total current liabilities
10-Q
3,677 3,545 3,450 3,667 3,524 3,775 3,335 3,370 +1.0% -8.1%
Long-term debt
10-Q
16,644 16,651 16,660 16,464 16,476 16,480 16,492 15,967 -3.2% -3.0%
Total liabilities
10-Q
29,470 29,376 29,289 29,368 29,439 29,689 29,309 28,869 -1.5% -1.7%
Net debt
10-Q
16,224 15,565 16,209 16,064 15,665 15,557 15,760 15,547 -1.4% -3.2%
Stockholders' equity
10-Q
13,785 14,306 14,511 14,787 15,141 15,547 15,804 16,253 +2.8% +9.9%
Net debt / TTM EBITDA
10-Q
3.19× 2.87× 2.55× 2.50× 2.64× 2.71× 2.87× 2.85× -0.6% +14.1%

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SELECTED · NET DEBT · QoQ BRIDGE
FROM15,760 TOTAL DEBT-485 CASH & EQUIVALENTS+272 TO15,547
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