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| State      of IncorporationDelaware                                                                                                                                                                                                                                                                                         | I.R.S.      Employer Identification No.41-6034000                                                            |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------|
| Address      of principal executive offices, including zip code2650      Lou Menk Drive Fort      Worth, Texas 76131-2830                                                                                                                                                                                                   | Registrant’s      telephone number, including area code(800)      795-2673                        |
| Securities      registered pursuant to Section 12(b) of the Act:The      securities listed below are registered on the New York Stock      Exchange.Title of      each class                                                                                                                                           |
| Burlington      Northern Inc.(Now      BNSF Railway Company)Consolidated      Mortgage Bonds6.55%,      Series K, due 20203.80%,      Series L, due 20203.20%,      Series M, due 20458.15%,      Series N, due 20206.55%,      Series O, due 20208.15%,      Series P, due 2020 Debenture,      8.75%, due 2022  | Northern      Pacific Railway CompanyGeneral      Lien Railway and Land Grant 3% Bonds, due 2047   |

| Indicate by check      mark if the registrant is a well-known seasoned issuer, as defined in Rule      405 of the Securities Act.                                                                                                                                                                                                                                                                                                   | Yes [  ] No [x]                 |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                    |                                 |
| Indicate by check      mark if the registrant is not required to file reports pursuant to Section      13 or Section 15(d) of the Act.                                                                                                                                                                                                                                                                                                   | Yes [  ] No [x]                 |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                    |                                 |
| Indicate      by check mark whether the registrant (1) has filed all reports required to      be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934      during the preceding 12 months (or for such shorter period that the registrant      was required to file such reports), and (2) has been subject to such      filing requirement for the past 90 days.                                                                   | Yes [x] No [  ]                 |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                    |                                 |
| Indicate      by check mark whether the registrant has submitted electronically and      posted on its corporate Web site, if any, every Interactive Data File      required to be submitted and posted pursuant to Rule 405 of      Regulation S-T (§      232.405 of this chapter) during the preceding 12 months (or for such      shorter period that the registrant was required to submit and post such      files).     | Yes [  ] No      [x]            |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                    |                                 |
| Indicate by check      mark whether the registrant is a large accelerated filer, accelerated      filer, non-accelerated filer, or smaller reporting company (as defined in      Rule 12b-2 of the Act).                                                                                                                                                                                                                                           |                                 |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                    |                                 |
| Large      accelerated filer      [    ]       Accelerated      filer      [    ]     Non-accelerated      filer [x]     Smaller reporting company      [    ]                                                                                                                                         |                                 |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                    |                                 |
| Indicate by check      mark whether the registrant is a shell company (as defined in Rule 12b-2      of the Act).                                                                                                                                                                                                                                                                                                                             | Yes [   ] No      [x] |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                    |                                 |
| Indicate the number      of shares outstanding of each of the registrant’s classes of common stock,      as of the latest practicable date:                                                                                                                                                                                                                                                                                                  |                                 |
| 1,000 shares of      Outstanding Common Stock, $1.00 par value, as of February 11,      2010.                                                                                                                                                                                                                                                                                                                                                      |                                 |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                    |                                 |
| *BNSF Railway      Company is a wholly–owned subsidiary of      Burlington Northern Santa Fe Corporation; as a result, there is no market      data with respect to registrant’s shares.                                                                                                                                                                                                                                          |                                 |

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| Part I         | Item 1.         | Business                                                                                                                           | 1         |
|---------------------|---------------------------|-----------------------------------------------------------------------------------------------------------------------------------------|----------------|
|                |                      |                                                                                                                                    |           |
|                | Item 1A.        | Risk Factors                                                                                                                       | 1         |
|                |                      |                                                                                                                                    |           |
|                | Item 1B.             | Unresolved Staff Comments                                                                                                          | 4         |
|                |                      |                                                                                                                                    |           |
|                | Item 2.              | Properties                                                                                                                         | 5         |
|                |                      |                                                                                                                                    |           |
|                | Item 3.              | Legal Proceedings                                                                                                                  | 7         |
|                |                      |                                                                                                                                    |           |
|  Part II       |  Item 5.   |  Market for Registrant’s Common Equity, Related Stockholder      Matters and      Issuer Purchases of Equity Securities |  8   |
|                |                      |                                                                                                                                    |           |
|                | Item 7.              | Management’s Narrative Analysis of Results of      Operations                                                                | 8         |
|                |                      |                                                                                                                                    |           |
|                | Item 7A.        | Quantitative and Qualitative Disclosures About Market      Risk                                                                    | 13        |
|                |                      |                                                                                                                                    |           |
|                | Item 8.              | Financial Statements and Supplementary    Data                                                                                     | 15             |
|                |                      |                                                                                                                                    |           |
|                | Item 9.         | Changes in and Disagreements With Accountants on Accounting      and Financial Disclosure                                          | 51        |
|                |                      |                                                                                                                                    |           |
|                | Item 9A(T).          | Controls and Procedures                                                                                                            | 51        |
|                |                      |                                                                                                                                    |           |
|                | Item 9B.             | Other Information                                                                                                                  | 51        |
|                |                      |                                                                                                                                    |           |
|  Part      III |  Item 14.            |  Principal Accountant Fees and      Services                                                                                  |  52       |
|                |                      |                                                                                                                                    |           |
|  Part      IV  |  Item 15.       |  Exhibits and Financial Statement      Schedules                                                                              |  53  |
|                |                      |                                                                                                                                    |           |
|                | Signatures           |                                                                                                                                    | S-1            |
|                |                      |                                                                                                                                    |           |
|                | Exhibit Index        |                                                                                                                                    | E-1            |

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Business

Factors

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Comments

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Properties

| At      December 31,                                                                             |   | 2009   |    | 2008   |   | 2007   |
|--------------------------------------------------------------------------------------------------|--------|--------|---------|--------|--------|--------|
|                                                                                             |   |   |    |   |   |   |   |   |   |
| Locomotives                                                                                      |   |   | 6,759   |   |   | 6,510  |   |   | 6,400 |
|                                                                                             |   |   |    |   |   |   |   |   |   |
| Freight      cars:                                                                               |   |   |    |   |   |   |   |   |   |
| Covered hopper                                                                                   |   |   | 33,878  |   |   | 35,381 |   |   | 36,439 |
| Gondola                                                                                          |   |   | 13,559  |   |   | 14,485 |   |   | 13,690 |
| Open hopper                                                                                      |   |   | 11,028  |   |   | 11,046 |   |   | 11,428 |
| Flat                                                                                             |   |   | 10,179  |   |   | 10,073 |   |   | 10,470 |
| Box                                                                                              |   |   | 5,493   |   |   | 6,145  |   |   | 7,948 |
| Refrigerator                                                                                     |   |   | 3,653   |   |   | 3,944  |   |   | 4,196 |
| Auto rack                                                                                        |   |   | 709     |   |   | 618    |   |   | 416 |
| Tank                                                                                             |   |   | 433     |   |   | 447    |   |   | 427 |
| Other                                                                                            |   |   | 397     |   |   | 416    |   |   | 324 |
| Total freight    cars                                                                            |   |   | 79,329  |   |   | 82,555 |   |   | 85,338 |
|                                                                                             |   |   |    |   |   |   |   |   |   |
| Domestic      chassis                                                                            |   |   | 6,034   |   |   | 11,336 |   |   | 11,714 |
| Domestic      containers                                                                         |   |   | 775     |   |   | 3,246  |   |   | 3,253 |
| Trailers                                                                                         |   |   | − |   |   | 1,195  |   |   | 1,200 |
| Maintenance      of way and other                                                                |   |   | 4,637   |   |   | 4,499  |   |   | 4,232 |
| Commuter      passenger cars                                                                     |   |   | 164     |   |   | 163    |   |   | 163 |
|                                                                                             |   |   |    |   |   |   |   |   |   |
| Average      age from date of manufacture–locomotive fleet (years)a                        |   |   | 16      |   |   | 15     |   |   | 15 |
| Average      age from date of manufacture–freight car fleet (years)a                       |   |   | 19      |   |   | 18     |   |   | 18 |
| aThese averages are not weighted      to reflect the greater capacities of the newer  equipment. |

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Proceedings

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Securities

Operations

|                          |   | Revenues      (in      millions) |   | Cars      / Units (in      thousands) |   | Average      Revenue Per      Car / Unit |
|-------------------------------|--------|----------------------------------|--------|---------------------------------------|--------|------------------------------------------|
| Year      ended December 31,  |   |                             | 2009   |                                  |   | 2008                                     |   | 2009 |   | 2008 |   |   | 2009 |   |   | 2008 |
|                          |   |                             |   |                                  |   |                                     |   |   |   |   |   |   |   |   |   |   |
| Consumer      Products        |   | $                                | 4,316  |                                  | $      | 6,064                                    |   | 3,911 |   | 4,818 |   | $ | 1,104 |   | $ | 1,259 |
| Coal                          |   |                             | 3,564  |                                  |   | 3,970                                    |   | 2,390 |   | 2,516 |   |   | 1,491 |   |   | 1,578 |
| Industrial      Products      |   |                             | 2,874  |                                  |   | 4,028                                    |   | 1,172 |   | 1,598 |   |   | 2,452 |   |   | 2,521 |
| Agricultural      Products    |   |                             | 2,834  |                                  |   | 3,441                                    |   | 945 |   | 1,062 |   |   | 2,999 |   |   | 3,240 |
| Total      freight revenues   |   |                             | 13,588 |                                  |   | 17,503                                   |   | 8,418 |   | 9,994 |   | $ | 1,614 |   | $ | 1,751 |
| Other      revenues           |   |                             | 260    |                                  |   | 284                                      |   |   |   |   |   |   |   |   |   |   |
| Total operating      revenues |   | $                                | 13,848 |                                  | $      | 17,787                                   |   |   |   |   |   |   |   |   |   |   |

|                      |   | 2009   |   |   | 2008   |
|---------------------------|--------|--------|--------|--------|--------|
|                      |   |   |   |   |   |
| Total      fuel expense a | $      | 2,372  |   | $      | 4,640  |
| BNSF      fuel surcharges | $      | 1,226  |   | $      | 3,255  |

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| Year      ended December 31,          |   |   | 2009   |   |   | 2008   |   |
|---------------------------------------|--------|--------|--------|--------|--------|--------|--------|
|                                  |   |   |   |   |   |   |   |
| Compensation      and benefits        |   | $      | 3,458  |   | $      | 3,859  |   |
| Fuel                                  |   |   | 2,372  |   |   | 4,640  |   |
| Purchased      services               |   |   | 1,859  |   |   | 2,074  |   |
| Depreciation      and amortization    |   |   | 1,534  |   |   | 1,395  |   |
| Equipment      rents                  |   |   | 777    |   |   | 901    |   |
| Materials      and other              |   |   | 640    |   |   | 1,022  |   |
| Total operating      expenses         |   | $      | 10,640 |   | $      | 13,891 |   |
|                                  |   |   |   |   |   |   |   |
| Interest      expense                 |   | $      | 124    |   | $      | 97     |   |
| Interest      income, related parties |   | $      | (3     | )      | $      | (19    | )      |
| Other      expense, net               |   | $      | 6      |   | $      | 18     |   |
| Income      tax expense               |   | $      | 1,067  |   | $      | 1,438  |   |

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|   | • | Expectations      as to operating results, such as revenues and earnings;                                                                                                                                                                                                                                                                                                                             |
|--------|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |    |                                                                                                                                                                                                                                                                                                                                                                                                  |
|   | • | Expectations      as to the effect on the Company’s financial condition of claims,      litigation, environmental and personal injury costs, commitments,      contingent liabilities, U.S. Surface Transportation Board and other      governmental and regulatory investigations and proceedings, and changes in      the economic laws and regulations applicable to the rail      industry; |
|   |    |                                                                                                                                                                                                                                                                                                                                                                                                  |
|   | • | Plans      and goals for future operational improvements and capital commitments;      and                                                                                                                                                                                                                                                                                                            |
|   |    |                                                                                                                                                                                                                                                                                                                                                                                                  |
|   | • | Current      or future volatility in the credit market and future market conditions or      economic performance.                                                                                                                                                                                                                                                                                     |

| •  | Economic      and industry conditions: material adverse changes in economic or      industry conditions, both in the United States and globally, volatility in      the capital or credit markets, including changes affecting the timely      availability and cost of capital, changes in customer demand, effects of      adverse economic conditions affecting shippers or BNSF Railway’s supplier      base and in the industries and geographic areas that produce and consume      freight, changes in demand due to more stringent regulatory policies      such as the regulation of carbon dioxide emissions that could reduce      the demand for coal or governmental tariffs or subsidies that could affect      the demand for grain, competition and consolidation within the      transportation industry, the extent to which BNSF Railway is successful in      gaining new long-term relationships with customers or retaining existing      ones, level of service failures that could lead customers to use      competitors' services, changes in fuel prices and other key materials and      disruptions in supply chains for these materials, increased customer      bankruptcies, closures or slowdowns and changes in crew availability,      labor costs and labor difficulties, including stoppages affecting either      BNSF Railway’s operations or customers’ abilities to deliver goods to BNSF      Railway for shipment; |
|---------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| •  | Legal,      legislative and regulatory factors: developments and changes in      laws and regulations, including those affecting train operations or the      marketing of services, the ultimate outcome of shipper and rate claims      subject to adjudication or claims, investigations or litigation alleging      violations of the antitrust laws, increased economic regulation of the      rail industry through legislative action and revised rules and standards      applied by the U.S. Surface Transportation Board in various areas      including rates and services, other more general legislative actions,      developments in environmental investigations or proceedings with respect      to rail operations or current or past ownership or control of real      property or properties owned by others impacted by BNSF Railway operations      and developments in and losses resulting from other types of claims and      litigation, including those relating to personal injuries, asbestos and      other occupational diseases, the release of hazardous materials,      environmental contamination and damage to property; the availability of      adequate insurance to cover the risks associated with operations;      and |
|---------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| • | Operating      factors: technical difficulties, changes in operating conditions      and costs, changes in business mix, the availability of equipment and      human resources to meet changes in demand, the extent of the Company’s      ability to achieve its operational and financial initiatives and to      contain costs in response to changes in demand and other factors, the      effectiveness of steps taken to maintain and improve operations and      velocity and network fluidity, operational and other difficulties in      implementing positive train control technology, restrictions on      development and expansion plans due to environmental concerns,      constraints due to the nation’s aging infrastructure, disruptions to BNSF      Railway’s technology network including computer systems and software, as      well as natural events such as severe weather, fires, floods and      earthquakes or man-made or other disruptions of BNSF Railway’s operating      systems, structures, or equipment including the effects of acts of      terrorism on the Company’s system or other railroads’ systems or other      links in the transportation chain. |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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Risk

| Year      ended December 31,                                             |   |   | 2009   |   |   | 2008   |   |
|--------------------------------------------------------------------------|--------|--------|--------|--------|--------|--------|--------|
|                                                                     |   |   |   |   |   |   |   |
| Fuel-hedge      loss (including ineffective portion of unexpired hedges) |   | $      | (195   | )      | $      | (5     | )      |
| Tax      effect                                                          |   |   | 75     |   |   | 2      |   |
| Hedge      loss, net of tax                                              |   | $      | (120   | )      | $      | (3     | )      |

| Sensitivity      Analysis          |
|------------------------------------|
|                               |   |   |   |   |
| Hedged      Commodity Price Change |   | Fuel-Hedge      Annual Pre-Tax Earnings Impact |   | Balance      Sheet Impact of Change in Fuel-Hedge Fair Value |
| 10-percent      increase           |   | $54      million increase |   | $112      million increase |
| 10-percent      decrease           |   | $51      million decrease |   | $108      million decrease |

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| Sensitivity      Analysis                       |
|-------------------------------------------------|
| Hypothetical      Change in      Interest Rates |   |   | Change      in Fair Value |
| Total      Debt                                 |
|                                            |   |   |   |
| 1-percent      decrease                         |   |   | $79      million increase |
| 1-percent      increase                         |   |   | $70      million decrease |

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Data

|                                                                                                                                              |        |
|---------------------------------------------------------------------------------------------------------------------------------------------------|-------------|
| Report of Independent Registered Public Accounting      Firm                                                                                 | 16          |
|                                                                                                                                              |        |
| Consolidated Statements of Income for each of the three years      in the period ended December 31, 2009                                     | 17          |
|                                                                                                                                              |        |
| Consolidated Balance Sheets as of December 31, 2009 and      2008                                                                            | 18     |
|                                                                                                                                              |        |
| Consolidated Statements of Cash Flows for each of the three      years in the period ended December 31, 2009                                 | 19     |
|                                                                                                                                              |        |
| Consolidated      Statements of Changes in Stockholder’s Equity for      each of the three years in the period ended December 31,      2009 | 20          |
|                                                                                                                                              |        |
| Notes to Consolidated Financial    Statements                                                                                                | 21-50  |

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Income

| Year      ended December 31,                                                   |   |   | 2009   |   |   | 2008   |   |   | 2007   |   |
|--------------------------------------------------------------------------------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|
|                                                                           |   |   |   |   |   |   |   |   |
| Revenues                                                                       |   | $      | 13,848 |   | $      | 17,787 |   | $      | 15,610 |   |
| Operating      expenses:                                                       |   |   |   |   |   |   |   |   |   |   |
| Compensation and      benefits                                                 |   |   | 3,458  |   |   | 3,859  |   |   | 3,754  |   |
|           Fuel                                             |   |   | 2,372  |   |   | 4,640  |   |   | 3,327  |   |
| Purchased    services                                                          |   |   | 1,859  |   |   | 2,074  |   |   | 1,995  |   |
| Depreciation and      amortization                                             |   |   | 1,534  |   |   | 1,395  |   |   | 1,292  |   |
| Equipment rents                                                                |   |   | 777    |   |   | 901    |   |   | 942    |   |
| Materials and other                                                            |   |   | 640    |   |   | 1,022  |   |   | 790    |   |
|               Total operating expenses |   |   | 10,640 |   |   | 13,891 |   |   | 12,100 |   |
| Operatingincome                                                                |   |   | 3,208  |   |   | 3,896  |   |   | 3,510  |   |
| Interest      expense                                                          |   |   | 124    |   |   | 97     |   |   | 87     |   |
| Interest      income, related parties                                          |   |   | (3     | )      |   | (19    | )      |   | (191   | )      |
| Other      expense, net                                                        |   |   | 6      |   |   | 18     |   |   | 31     |   |
| Income before income taxes                                                     |   |   | 3,081  |   |   | 3,800  |   |   | 3,583  |   |
| Income      tax expense                                                        |   |   | 1,067  |   |   | 1,438  |   |   | 1,384  |   |
| Net income                                                                     |   | $      | 2,014  |   | $      | 2,362  |   | $      | 2,199  |   |

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Sheets

| December      31,                                                                                        |   |   | 2009   |   |   | 2008   |   |
|----------------------------------------------------------------------------------------------------------|--------|--------|--------|--------|--------|--------|--------|
|                                                                                                     |   |   |   |   |   |   |   |
| Assets                                                                                                   |   |   |   |   |   |   |   |
| Current      assets:                                                                                     |   |   |   |   |   |   |   |
| Cash and cash      equivalents                                                                           |   | $      | 20     |   | $      | 209    |   |
| Accounts receivable,      net                                                                            |   |   | 810    |   |   | 873    |   |
| Materials and      supplies                                                                              |   |   | 632    |   |   | 524    |   |
| Current portion of deferred      income taxes                                                            |   |   | 282    |   |   | 434    |   |
| Other current      assets                                                                                |   |   | 375    |   |   | 337    |   |
| Total current      assets                                                                                |   |   | 2,119  |   |   | 2,377  |   |
|                                                                                                     |   |   |   |   |   |   |   |
| Property      and equipment, net of accumulated depreciation of $10,731 and $9,908,      respectively    |   |   | 32,278 |   |   | 30,838 |   |
| Other      assets                                                                                        |   |   | 3,193  |   |   | 2,910  |   |
| Total assets                                                                                             |   | $      | 37,590 |   | $      | 36,125 |   |
|                                                                                                     |   |   |   |   |   |   |   |
| Liabilities      and Stockholder’s Equity                                                          |   |   |   |   |   |   |   |
| Current      liabilities:                                                                                |   |   |   |   |   |   |   |
| Accounts payable and other      current liabilities                                                      |   | $      | 2,548  |   | $      | 3,114  |   |
| Long-term debt due within one      year                                                                  |   |   | 335    |   |   | 254    |   |
| Total current liabilities                                                                                |   |   | 2,883  |   |   | 3,368  |   |
|                                                                                                     |   |   |   |   |   |   |   |
| Long-term      debt                                                                                      |   |   | 2,118  |   |   | 1,821  |   |
| Deferred      income taxes                                                                               |   |   | 9,360  |   |   | 8,672  |   |
| Casualty      and environmental liabilities                                                              |   |   | 899    |   |   | 959    |   |
| Pension      and retiree health and welfare liability                                                    |   |   | 783    |   |   | 1,047  |   |
| Other      liabilities                                                                                   |   |   | 1,799  |   |   | 1,892  |   |
| Total    liabilities                                                                                     |   |   | 17,842 |   |   | 17,759 |   |
| Commitments      and contingencies (see Notes 3, 9 and 10)                                               |   |   |   |   |   |   |   |
| Stockholder’s      equity:                                                                         |   |   |   |   |   |   |   |
| Common stock, $1 par value,      1,000 shares authorized;issued and outstanding and      paid-in-capital |   |   | 6,331  |   |   | 6,331  |   |
| Retained    earnings                                                                                     |   |   | 14,866 |   |   | 12,852 |   |
| Intercompany notes      receivable                                                                       |   |   | (948   | )      |   | (6     | )      |
| Accumulated other comprehensive      loss                                                                |   |   | (501   | )      |   | (811   | )      |
| Total stockholder’s      equity                                                                    |   |   | 19,748 |   |   | 18,366 |   |
| Total liabilities and      stockholder’s equity                                                    |   | $      | 37,590 |   | $      | 36,125 |   |

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Flows

| Year      ended December 31,                                                                |   |   | 2009    |   |   | 2008    |   |   | 2007    |   |
|---------------------------------------------------------------------------------------------|--------|--------|---------|--------|--------|---------|--------|--------|---------|--------|
|                                                                                        |   |   |    |   |   |    |   |   |
| Operating      Activities                                                                   |   |   |    |   |   |    |   |   |    |   |
| Net      income                                                                             |   | $      | 2,014   |   | $      | 2,362   |   | $      | 2,199   |   |
| Adjustments      to reconcile net income to net cash provided by      operating activities: |   |   |    |   |   |    |   |   |    |   |
| Depreciation      and amortization                                                          |   |   | 1,534   |   |   | 1,395   |   |   | 1,292   |   |
| Deferred      income taxes                                                                  |   |   | 610     |   |   | 420     |   |   | 302     |   |
| Long-term      casualty and environmental liabilities, net                                  |   |   | (90     | )      |   | 150     |   |   | 26      |   |
| Other,      net                                                                             |   |   | (261    | )      |   | 11      |   |   | 80      |   |
| Changes      in current assets and liabilities:                                             |   |   |    |   |   |    |   |   |    |   |
| Accounts      receivable, net                                                               |   |   | 120     |   |   | 176     |   |   | (120    | )      |
| Change      in accounts receivable sales program                                            |   |   | (50     | )      |   | (250    | )      |   | – |   |
| Materials      and supplies                                                                 |   |   | (108    | )      |   | 55      |   |   | (91     | )      |
| Other      current assets                                                                   |   |   | (36     | )      |   | (28     | )      |   | 12      |   |
| Accounts      payable and other current liabilities                                         |   |   | (245    | )      |   | (49     | )      |   | (123    | )      |
| Net      cash provided by operating activities                                              |   |   | 3,488   |   |   | 4,242   |   |   | 3,577   |   |
|                                                                                        |   |   |    |   |   |    |   |   |    |   |
| Investing      Activities                                                                   |   |   |    |   |   |    |   |   |    |   |
| Capital      expenditures excluding equipment                                               |   |   | (1,988  | )      |   | (2,165  | )      |   | (2,248  | )      |
| Acquisition      of equipment                                                               |   |   | (733    | )      |   | (949    | )      |   | (745    | )      |
| Proceeds      from sale of equipment financed                                               |   |   | 368     |   |   | 348     |   |   | 778     |   |
| Construction      costs for facility financing obligation                                   |   |   | (37     | )      |   | (64     | )      |   | (37     | )      |
| Net      increase in intercompany notes receivable                                          |   |   | − |   |   | − |   |   | (993    | )      |
| Other,      net                                                                             |   |   | (238    | )      |   | (228    | )      |   | (147    | )      |
| Net      cash used for investing activities                                                 |   |   | (2,628  | )      |   | (3,058  | )      |   | (3,392  | )      |
|                                                                                        |   |   |    |   |   |    |   |   |    |   |
| Financing      Activities                                                                   |   |   |    |   |   |    |   |   |    |   |
| Proceeds      from issuance of long-term debt                                               |   |   | 75      |   |   | − |   |   | − |   |
| Payments      on long-term debt                                                             |   |   | (228    | )      |   | (216    | )      |   | (182    | )      |
| Proceeds      from facility financing obligation                                            |   |   | 51      |   |   | 68      |   |   | 41      |   |
| Net      increase in intercompany notes receivable classified as    equity                  |   |   | (942    | )      |   | (850    | )      |   | − |   |
| Net      decrease in intercompany notes payable                                             |   |   | − |   |   | − |   |   | (35     | )      |
| Other,      net                                                                             |   |   | (5      | )      |   | (1      | )      |   | (4      | )      |
| Net      cash used for financing activities                                                 |   |   | (1,049  | )      |   | (999    | )      |   | (180    | )      |
| (Decrease)      increase in cash and cash equivalents                                       |   |   | (189    | )      |   | 185     |   |   | 5       |   |
| Cash      and cash equivalents:                                                             |   |   |    |   |   |    |   |   |    |   |
| Beginning      of year                                                                      |   |   | 209     |   |   | 24      |   |   | 19      |   |
| End      of year                                                                            |   | $      | 20      |   | $      | 209     |   | $      | 24      |   |
|                                                                                        |   |   |    |   |   |    |   |   |    |   |
| Supplemental      Cash Flow Information                                                     |   |   |    |   |   |    |   |   |    |   |
| Interest      paid, net of amounts capitalized                                              |   | $      | 113     |   | $      | 112     |   | $      | 75      |   |
| Income      taxes paid, net of refunds                                                      |   | $      | 626     |   | $      | 1,052   |   | $      | 930     |   |
| Non-cash      asset financing                                                               |   | $      | 514     |   | $      | 258     |   | $      | 461     |   |
| Non-cash      dividend                                                                      |   | $      | − |   | $      | 1,300   |   | $      | 4,100   |   |

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Equity

|                                                                                                                                                                                                           |   | Common      Stock and Paid-in-Capital |    | Retained      Earnings |   | Intercompany      Notes      Receivable |   | Accumu­lated      Other      Comprehensive      Income      (Loss) |    | Total      Stockholder’s      Equity |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------|---------|------------------------|--------|-----------------------------------------|--------|-------------------------------------------------------------------------|---------|--------------------------------------------|--------|
| Balance      at December 31, 2006                                                                                                                                                                              |   | $                                     | 6,331   |                   | $      | 13,711                                  |   | $                                                                       | – |                                       | $      | (286 | ) | $ | 19,756 |   |
| Comprehensive      income:                                                                                                                                                                                     |   |                                  |    |                   |   |                                    |   |                                                                    |    |                                       |   |   |   |   |   |   |
| Net      income                                                                                                                                                                                                |   |                                  | – |                   |   | 2,199                                   |   |                                                                    | – |                                       |   | – |   |   | 2,199 |   |
| Change      in unrecognized prior service credit and actuarial losses, net of tax      expense of $76                                                                                                          |   |                                  | – |                   |   | –                                 |   |                                                                    | – |                                       |   | 122 |   |   | 122 |   |
| Change      in fuel hedge mark-to-market, net of tax expense of $11                                                                                                                                            |   |                                  | – |                   |   | –                                 |   |                                                                    | – |                                       |   | 16 |   |   | 16 |   |
| Total comprehensive      income                                                                                                                                                                                |   |                                  | – |                   |   | 2,199                                   |   |                                                                    | – |                                       |   | 138 |   |   | 2,337 |   |
| Adjustment      for the adoption of authoritative accounting guidance related to      accounting for uncertainty in income taxes                                                                               |   |                                  | – |                   |   | (13                                     | )      |                                                                    | – |                                       |   | – |   |   | (13 | ) |
| Non-cash      dividend ($4.1 per share)                                                                                                                                                                        |   |                                  | – |                   |   | (4,100                                  | )      |                                                                    | – |                                       |   | – |   |   | (4,100 | ) |
| Intercompany      notes receivable                                                                                                                                                                             |   |                                  | – |                   |   | –                                 |   |                                                                    | (456    | )                                          |   | – |   |   | (456 | ) |
| Balance      at December 31, 2007                                                                                                                                                                              |   |                                  | 6,331   |                   |   | 11,797                                  |   |                                                                    | (456    | )                                          |   | (148 | ) |   | 17,524 |   |
| Comprehensive      income:                                                                                                                                                                                     |   |                                  |    |                   |   |                                    |   |                                                                    |    |                                       |   |   |   |   |   |   |
| Net      income                                                                                                                                                                                                |   |                                  | – |                   |   | 2,362                                   |   |                                                                    | – |                                       |   | – |   |   | 2,362 |   |
| Change      in unrecognized prior service credit and actuarial losses, net of tax      benefit of $219                                                                                                         |   |                                  | – |                   |   | –                                 |   |                                                                    | – |                                       |   | (353 | ) |   | (353 | ) |
| Change      in fuel hedge mark-to-market, net of tax benefit of $189                                                                                                                                           |   |                                  | – |                   |   | –                                 |   |                                                                    | – |                                       |   | (305 | ) |   | (305 | ) |
|          Change in other comprehensive income of equity method      investees                                                                                                                   |   |                                  | – |                   |   | –                                 |   |                                                                    | – |                                       |   | (5 | ) |   | (5 | ) |
| Total comprehensive      income                                                                                                                                                                                |   |                                  | – |                   |   | 2,362                                   |   |                                                                    | – |                                       |   | (663 | ) |   | 1,699 |   |
| Adjustment      to change the measurement date pursuant to adoption of authoritative      accounting guidance related to defined benefit pension and other      postretirement plans, net of tax benefit of $3 |   |                                  | – |                   |   | (7                                      | )      |                                                                    | – |                                       |   | 2 |   |   | (5 | ) |
| Adjustment      to initially apply authoritative accounting guidance related to defined      benefit pension and other postretirement plans to equity method      investees                                    |   |                                  | – |                   |   | –                                 |   |                                                                    | – |                                       |   | (2 | ) |   | (2 | ) |
| Non-cash      dividend ($1.3 per share)                                                                                                                                                                        |   |                                  | – |                   |   | (1,300                                  | )      |                                                                    | – |                                       |   | – |   |   | (1,300 | ) |
| Intercompany      notes receivable                                                                                                                                                                             |   |                                  | – |                   |   | –                                 |   |                                                                    | 450     |                                       |   | – |   |   | 450 |   |
| Balance      at December 31, 2008                                                                                                                                                                              |   |                                  | 6,331   |                   |   | 12,852                                  |   |                                                                    | (6      | )                                          |   | (811 | ) |   | 18,366 |   |
| Comprehensive      income:                                                                                                                                                                                     |   |                                  |    |                   |   |                                    |   |                                                                    |    |                                       |   |   |   |   |   |   |
| Net      income                                                                                                                                                                                                |   |                                  | – |                   |   | 2,014                                   |   |                                                                    | – |                                       |   | – |   |   | 2,014 |   |
| Change      in unrecognized prior service credit and actuarial losses, net of tax      expense of $13                                                                                                          |   |                                  | – |                   |   | –                                 |   |                                                                    | – |                                       |   | 24 |   |   | 24 |   |
| Change      in fuel hedge mark-to-market, net of tax expense of $177                                                                                                                                           |   |                                  | – |                   |   | –                                 |   |                                                                    | – |                                       |   | 286 |   |   | 286 |   |
| Total comprehensive      income                                                                                                                                                                                |   |                                  | – |                   |   | 2,014                                   |   |                                                                    | – |                                       |   | 310 |   |   | 2,324 |   |
| Intercompany      notes receivable                                                                                                                                                                             |   |                                  | – |                   |   | –                                 |   |                                                                    | (942    | )                                          |   | – |   |   | (942 | ) |
| Balance      at December 31, 2009                                                                                                                                                                              |   | $                                     | 6,331   |                   | $      | 14,866                                  |   | $                                                                       | (948    | )                                          | $      | (501 | ) | $ | 19,748 |   |

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Statements
 

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| ·   | Level      1–Quoted prices for identical assets or liabilities in active markets that      the Company has the ability to access at the measurement    date. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Level      2–Quoted prices for similar assets or liabilities in active markets;      quoted prices for identical or similar assets or liabilities in markets      that are not active; and model-derived valuations in which all significant      inputs are observable market data. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Level      3–Valuations derived from valuation techniques in which one or more      significant inputs are unobservable. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------|

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| Year      ended December 31,    |   | 2009   |   | 2008   |   |
|---------------------------------|--------|--------|--------|--------|--------|
|                            |   |   |   |   |   |   |   |
| Short-term      hedge asset     |   | $      | 20     |   | $      | − |   |
| Long-term      hedge asset      |   |   | 40     |   |   | − |   |
| Short-term      hedge liability |   |   | (25    | )      |   | (279 | ) |
| Long-term      hedge liability  |   |   | (12    | )      |   | (193 | ) |
| Total    derivatives            |   | $      | 23     |   | $      | (472 | ) |

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| Fair      Value of Derivative Instruments                                            |
|--------------------------------------------------------------------------------------|
|                                                                                 |
| Asset      Derivatives                                                               |
|                                                                                 |   |   |   |   |   |   |   | Balance      Sheet |
| December      31,                                                                    |   | 2009 |   | 2008 |   | Location |
|                                                                                 |   |   |   |   |   |   |   |   |
| Derivatives      designated as hedging instruments under ASC 815-20                  |   |   |   |   |   |   |   |   |
| Fuel      Contracts                                                                  |   | $ | 20 |   | $ | − |   | Other      current assets |
| Fuel      Contracts                                                                  |   |   | 40 |   |   | − |   | Other      assets |
| Fuel      Contracts                                                                  |   |   |  10 |   |   | − |   | Accounts      payable and other current liabilities |
| Fuel      Contracts                                                                  |   |   |  3 |   |   | − |   | Other      liabilities |
| Total      Asset Derivatives designated as hedging instruments under ASC      815-20 |   | $ | 73 |   | $ | − |   |   |

| Liability      Derivatives                                                               |
|------------------------------------------------------------------------------------------|
|                                                                                     |   |   |   |   |   |   |   | Balance      Sheet |
| December      31,                                                                        |   | 2009 |   | 2008 |   | Location |
|                                                                                     |   |   |   |   |   |   |   |   |
| Derivatives      designated as hedging instruments under ASC 815-20                      |   |   |   |   |   |   |   |   |
| Fuel      Contracts                                                                      |   | $ | 35 |   | $ | 279 |   | Accounts      payable and other current liabilities |
| Fuel      Contracts                                                                      |   |   | 15 |   |   | 193 |   | Other      liabilities |
| Total      Liability Derivatives designated as hedging instruments under ASC      815-20 |   | $ | 50 |   | $ | 472 |   |   |

| The      Effect of Derivative Instruments Gains and Lossesfor      the Twelve Month Periods Ended December 31, 2009, 2008 and      2007 |
|-----------------------------------------------------------------------------------------------------------------------------------------|

| Derivatives      in ASC 815-20 Cash Flow Hedging Relationships |   | Amount      of Gain or (Loss) Recognized in      OCIon      Derivatives(Effective      Portion) |            | Location      of Gain or (Loss) Recognized from AOCL into Income |   | Amount      of Gain or (Loss) Recognized fromAOCL      into Income(Effective      Portion) |   | Location      of Gain or (Loss) Recognized in Income on Derivatives |   | Amount      of Gain or (Loss) Recognized in      Incomeon      Derivatives(Ineffective      Portion and Amount Excluded      fromEffectiveness      Testing)a |
|----------------------------------------------------------------|--------|-------------------------------------------------------------------------------------------------|-----------------|------------------------------------------------------------------|--------|--------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                           |   | 2009                                                                                            |            | 2008                                                             |   | 2007                                                                                       |   |                                                                |   | 2009                                                                                                                                                          |   | 2008 |   | 2007 |   |   |   | 2009 |   | 2008 |   | 2007 |
| Fuel      Contracts                                            |   | $        $                                                                            | 268   |                                                             | $      | (499)                                                                                      |   | $                                                                   | 58     |                                                                                                                                                          | Fuel      expense |   | $           | (227)    |   | $ | 12 |   | $ | 30 |   | Fuel      expense |   | $              | 32    |   | $ | (17) |   | $ | 1 |
| Total      derivatives                                         |   | $        $                                                                            | 268   |                                                             | $      | (499)                                                                                      |   | $                                                                   | 58     |                                                                                                                                                          |   |   | $           | (227)    |   | $ | 12 |   | $ | 30 |   |   |   | $              | 32    |   | $ | (17) |   | $ | 1 |
|                                                           |   |                                                                                            |            |                                                             |   |                                                                                       |   |                                                                |   |                                                                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

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| December      31,                           |   | 2009   |   | 2008   |   |
|---------------------------------------------|--------|--------|--------|--------|--------|
|                                        |   |   |   |   |   |   |   |
| Settled      fuel-hedging contracts payable |   | $      | (23    | )      | $      | (38 | ) |

|                                 |   |  Quarter      Ending |   |          |   |
|--------------------------------------|--------|---------------------------|--------|---------------|--------|
| 2010                                 |   | March      31,            |   | June      30, |   | September      30, |   | December      31, |   | Annual |   |
|                                 |   |                      |   |          |   |   |   |   |   |   |   |   |   |   |   |   |
| HO      Swaps                        |   |                      |   |          |   |   |   |   |   |   |   |   |   |   |   |   |
| Gallons      hedged (in millions)    |   |                      | 5.60   |          |   | 8.35 |   |   | 6.10 |   |   | 6.50 |   |   | 26.55 |   |
| Average      swap price (per gallon) |   | $                         | 1.79   |          | $      | 1.81 |   | $ | 1.87 |   | $ | 1.93 |   | $ | 1.85 |   |
| Fair      value (in millions)        |   | $                         | 2      |          | $      | 3 |   | $ | 2 |   | $ | 2 |   | $ | 9 |   |

|                                 |   | Quarter      Ending |   |          |   |
|--------------------------------------|--------|---------------------|--------|---------------|--------|
| 2011                                 |   | March      31,      |   | June      30, |   | September      30, |   | December      31, |   | Annual |   |
|                                 |   |                |   |          |   |   |   |   |   |   |   |   |   |   |   |   |
| HO      Swaps                        |   |                |   |          |   |   |   |   |   |   |   |   |   |   |   |   |
| Gallons      hedged (in millions)    |   |                | 8.30   |          |   | 8.30 |   |   | 7.50 |   |   | 7.50 |   |   | 31.60 |   |
| Average      swap price (per gallon) |   | $                   | 1.91   |          | $      | 1.89 |   | $ | 1.95 |   | $ | 2.01 |   | $ | 1.94 |   |
| Fair      value (in millions)        |   | $                   | 3      |          | $      | 3 |   | $ | 3 |   | $ | 3 |   | $ | 12 |   |

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|                                 |   |  Quarter      Ending |   |          |   |
|--------------------------------------|--------|---------------------------|--------|---------------|--------|
| 2012                                 |   | March      31,            |   | June      30, |   | September      30, |   | December      31, |   | Annual |   |
|                                 |   |                      |   |          |   |   |   |   |   |   |   |   |   |   |   |   |
| HO      Swaps                        |   |                      |   |          |   |   |   |   |   |   |   |   |   |   |   |   |
| Gallons      hedged (in millions)    |   |                      | 17.20  |          |   | 2.00 |   |   | − |   |   | − |   |   | 19.20 |   |
| Average      swap price (per gallon) |   | $                         | 2.08   |          | $      | 2.18 |   | $ | − |   | $ | − |   | $ | 2.09 |   |
| Fair      value (in millions)        |   | $                         | 5      |          | $      | − |   | $ | − |   | $ | − |   | $ | 5 |   |

|                                         |   |  Quarter      Ending |   |          |   |
|----------------------------------------------|--------|---------------------------|--------|---------------|--------|
| 2010                                         |   | March      31,            |   | June      30, |   | September      30, |   | December      31, |   | Annual |   |
|                                         |   |                      |   |          |   |   |   |   |   |   |   |   |   |   |   |   |
| WTI      Swaps                               |   |                      |   |          |   |   |   |   |   |   |   |   |   |   |   |   |
| Barrels      hedged (in thousands)           |   |                      | 1,210  |          |   | 1,110 |   |   | 1,125 |   |   | 1,235 |   |   | 4,680 |   |
| Equivalent      gallons hedged (in millions) |   |                      | 50.82  |          |   | 46.62 |   |   | 47.25 |   |   | 51.87 |   |   | 196.56 |   |
| Average      swap price (per barrel)         |   | $                         | 85.05  |          | $      | 87.89 |   | $ | 87.82 |   | $ | 86.27 |   | $ | 86.71 |   |
| Fair      value (in millions)                |   | $                         | (6     | )             | $      | (7 | ) | $ | (5 | ) | $ | (2 | ) | $ | (20 | ) |
|                                         |   |                      |   |          |   |   |   |   |   |   |   |   |   |   |   |   |
| WTI      Costless Collars                    |   |                      |   |          |   |   |   |   |   |   |   |   |   |   |   |   |
| Barrels      hedged (in thousands)           |   |                      | 420    |          |   | 420 |   |   | 420 |   |   | 320 |   |   | 1,580 |   |
| Equivalent      gallons hedged (in millions) |   |                      | 17.64  |          |   | 17.64 |   |   | 17.64 |   |   | 13.44 |   |   | 66.36 |   |
| Average      cap price (per barrel)          |   | $                         | 78.23  |          | $      | 79.79 |   | $ | 81.33 |   | $ | 82.84 |   | $ | 80.40 |   |
| Average      floor price (per barrel)        |   | $                         | 72.35  |          | $      | 73.84 |   | $ | 75.15 |   | $ | 76.54 |   | $ | 74.34 |   |
| Fair      value (in millions)                |   | $                         | 1      |          | $      | 2 |   | $ | 2 |   | $ | 1 |   | $ | 6 |   |

|                                         |   | Quarter      Ending |    |          |   |
|----------------------------------------------|--------|---------------------|---------|---------------|--------|
| 2011                                         |   | March      31,      |    | June      30, |   | September      30, |   | December      31, |   | Annual |   |
|                                         |   |                |    |          |   |   |   |   |   |   |   |   |   |   |   |   |
| WTI      Swaps                               |   |                |    |          |   |   |   |   |   |   |   |   |   |   |   |   |
| Barrels      hedged (in thousands)           |   |                | 995     |          |   | 1,000 |   |   | 1,005 |   |   | 1,055 |   |   | 4,055 |   |
| Equivalent      gallons hedged (in millions) |   |                | 41.79   |          |   | 42.00 |   |   | 42.21 |   |   | 44.31 |   |   | 170.31 |   |
| Average      swap price (per barrel)         |   | $                   | 85.59   |          | $      | 85.20 |   | $ | 85.52 |   | $ | 85.88 |   | $ | 85.55 |   |
| Fair      value (in millions)                |   | $                   | − |          | $      | 1 |   | $ | 1 |   | $ | 1 |   | $ | 3 |   |
|                                         |   |                |    |          |   |   |   |   |   |   |   |   |   |   |   |   |
| WTI      Costless Collars                    |   |                |    |          |   |   |   |   |   |   |   |   |   |   |   |   |
| Barrels      hedged (in thousands)           |   |                | 200     |          |   | 200 |   |   | 200 |   |   | 200 |   |   | 800 |   |
| Equivalent      gallons hedged (in millions) |   |                | 8.40    |          |   | 8.40 |   |   | 8.40 |   |   | 8.40 |   |   | 33.60 |   |
| Average      cap price (per barrel)          |   | $                   | 84.00   |          | $      | 84.70 |   | $ | 85.39 |   | $ | 86.10 |   | $ | 85.05 |   |
| Average      floor price (per barrel)        |   | $                   | 77.75   |          | $      | 78.40 |   | $ | 79.05 |   | $ | 79.70 |   | $ | 78.73 |   |
| Fair      value (in millions)                |   | $                   | 1       |          | $      | 1 |   | $ | 1 |   | $ | 1 |   | $ | 4 |   |

|                                         |   | Quarter      Ending |   |          |   |
|----------------------------------------------|--------|---------------------|--------|---------------|--------|
| 2012                                         |   | March      31,      |   | June      30, |   | September      30, |   | December      31, |   | Annual |   |
|                                         |   |                |   |          |   |   |   |   |   |   |   |   |   |   |   |   |
| WTI      Swaps                               |   |                |   |          |   |   |   |   |   |   |   |   |   |   |   |   |
| Barrels      hedged (in thousands)           |   |                | 205    |          |   | 200 |   |   | − |   |   | − |   |   | 405 |   |
| Equivalent      gallons hedged (in millions) |   |                | 8.61   |          |   | 8.40 |   |   | − |   |   | − |   |   | 17.01 |   |
| Average      swap price (per barrel)         |   | $                   | 76.95  |          | $      | 77.52 |   | $ | − |   | $ | − |   | $ | 77.23 |   |
| Fair      value (in millions)                |   | $                   | 2      |          | $      | 2 |   | $ | − |   | $ | − |   | $ | 4 |   |

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|                                         |   |  Quarter      Ending |    |          |   |
|----------------------------------------------|--------|---------------------------|---------|---------------|--------|
| 2010                                         |   | March      31,            |    | June      30, |   | September      30, |   | December      31, |   | Annual |   |
|                                         |   |                      |    |          |   |   |   |   |   |   |   |   |   |   |   |   |
| HO-WTI      Swaps                            |   |                      |    |          |   |   |   |   |   |   |   |   |   |   |   |   |
| Barrels      hedged (in thousands)           |   |                      | 215     |          |   | 180 |   |   | 135 |   |   | 100 |   |   | 630 |   |
| Equivalent      gallons hedged (in millions) |   |                      | 9.03    |          |   | 7.56 |   |   | 5.67 |   |   | 4.20 |   |   | 26.46 |   |
| Average      swap price (per barrel)         |   | $                         | 7.82    |          | $      | 7.64 |   | $ | 8.61 |   | $ | 10.03 |   | $ | 8.29 |   |
| Fair      value (in millions)                |   | $                         | − |          | $      | − |   | $ | − |   | $ | − |   | $ | − |   |

|                                         |   | Quarter      Ending |    |          |   |
|----------------------------------------------|--------|---------------------|---------|---------------|--------|
| 2011                                         |   | March      31,      |    | June      30, |   | September      30, |   | December      31, |   | Annual |   |
|                                         |   |                |    |          |   |   |   |   |   |   |   |   |   |   |   |   |
| HO-WTI      Swaps                            |   |                |    |          |   |   |   |   |   |   |   |   |   |   |   |   |
| Barrels      hedged (in thousands)           |   |                | − |          |   | − |   |   | 85 |   |   | 85 |   |   | 170 |   |
| Equivalent      gallons hedged (in millions) |   |                | − |          |   | − |   |   | 3.57 |   |   | 3.57 |   |   | 7.14 |   |
| Average      swap price (per barrel)         |   | $                   | − |          | $      | − |   | $ | 10.49 |   | $ | 12.03 |   | $ | 11.26 |   |
| Fair      value (in millions)                |   | $                   | − |          | $      | − |   | $ | − |   | $ | − |   | $ | − |   |

| Year      ending December 31,                |   |   | 2009   |   |   | 2010   |   |   | 2011   |   |
|----------------------------------------------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|
| WTI      Swaps                               |   |   |   |   |   |   |   |   |   |   |
| Barrels      hedged (in thousands)           |   |   | 5,005  |   |   | 4,680  |   |   | 3,570  |   |
| Equivalent      gallons hedged (in millions) |   |   | 210.21 |   |   | 196.56 |   |   | 149.94 |   |
| Average      swap price (per barrel)         |   | $      | 74.71  |   | $      | 86.71  |   | $      | 86.88  |   |
| Fair      value (in millions)                |   | $      | (98    | )      | $      | (104   | )      | $      | (62    | )      |
| WTI      Costless Collars                    |   |   |   |   |   |   |   |   |   |   |
| Barrels      hedged (in thousands)           |   |   | 2,725  |   |   | 1,500  |   |   | 800    |   |
| Equivalent      gallons hedged (in millions) |   |   | 114.45 |   |   | 63.00  |   |   | 33.60  |   |
| Average      cap price (per barrel)          |   | $      | 129.95 |   | $      | 80.43  |   | $      | 85.05  |   |
| Average      floor price (per barrel)        |   | $      | 119.82 |   | $      | 74.57  |   | $      | 78.73  |   |
| Fair      value (in millions)                |   | $      | (181   | )      | $      | (19    | )      | $      | (8     | )      |

| Year      ended December 31,                               |   | 2009   |    | 2008   |   | 2007    |
|------------------------------------------------------------|--------|--------|---------|--------|--------|---------|
|                                                       |   |   |    |   |   |    |   |   |   |
| Accounts      receivable sales fees                        |   | $      | 3       |   | $      | 12      |   | $ | 19 |
| Loss      from participation in synthetic fuel partnership |   |   | − |   |   | − |   |   | 5 |
| Miscellaneous,      net                                    |   |   | 3       |   |   | 6       |   |   | 7 |
| Total                                                      |   | $      | 6       |   | $      | 18      |   | $ | 31 |

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| Year      ended December 31, |   | 2009   |   | 2008   |   | 2007   |
|------------------------------|--------|--------|--------|--------|--------|--------|
| Current:                     |   |   |   |   |   |   |   |   |   |
| Federal                      |   | $      | 420    |   | $      | 866    |   | $ | 950 |
| State                        |   |   | 38     |   |   | 152    |   |   | 132 |
| Total current                |   |   | 458    |   |   | 1,018  |   |   | 1,082 |
|                         |   |   |   |   |   |   |   |   |   |
| Deferred:                    |   |   |   |   |   |   |   |   |   |
| Federal                      |   |   | 554    |   |   | 382    |   |   | 248 |
| State                        |   |   | 55     |   |   | 38     |   |   | 54 |
| Total deferred               |   |   | 609    |   |   | 420    |   |   | 302 |
| Total                        |   | $      | 1,067  |   | $      | 1,438  |   | $ | 1,384 |

| Year      ended December 31,                        |   | 2009    |   | 2008    |   | 2007    |   |
|-----------------------------------------------------|--------|---------|--------|---------|--------|---------|--------|
|                                                |   |    |   |    |   |    |   |
| Federal      statutory income tax rate              |   | 35.0    | %      | 35.0    | %      | 35.0    | %      |
| State      income taxes, net of federal tax benefit |   | 2.0     |   | 3.2     |   | 3.4     |   |
| Property      donations                             |   | (2.6    | )      | – |   | – |   |
| Synthetic      fuel credits                         |   | – |   | – |   | (0.1    | )      |
| Other,      net                                     |   | 0.2     |   | (0.4    | )      | 0.3     |   |
| Effective tax    rate                               |   | 34.6    | %      | 37.8    | %      | 38.6    | %      |

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| December      31,                                    |   | 2009   |    | 2008   |   |
|------------------------------------------------------|--------|--------|---------|--------|--------|
| Deferred      tax liabilities:                       |   |   |    |   |   |   |   |
| Depreciation      and amortization                   |   | $      | (9,938  | )      | $      | (9,503 | ) |
| Hedging                                              |   |   | (10     | )      |   | − |   |
| Other                                                |   |   | (182    | )      |   | (174 | ) |
| Total deferred tax      liabilities                  |   |   | (10,130 | )      |   | (9,677 | ) |
| Deferred      tax assets:                            |   |   |    |   |   |   |   |
| Casualty      and environmental                      |   |   | 382     |   |   | 409 |   |
| Pension      and retiree health and welfare benefits |   |   | 328     |   |   | 431 |   |
| Compensation      and benefits                       |   |   | 139     |   |   | 178 |   |
| Hedging                                              |   |   | − |   |   | 167 |   |
| Other                                                |   |   | 203     |   |   | 254 |   |
| Total deferred tax      assets                       |   |   | 1,052   |   |   | 1,439 |   |
| Net deferred tax      liability                      |   | $      | (9,078  | )      | $      | (8,238 | ) |
|                                                 |   |   |    |   |   |   |   |
| Non-current      deferred income tax liability       |   | $      | (9,360  | )      | $      | (8,672 | ) |
| Current      portion of deferred income taxes        |   |   | 282     |   |   | 434 |   |
| Net deferred tax      liability                      |   | $      | (9,078  | )      | $      | (8,238 | ) |

|                                                               |   | 2009   |   | 2008   |   | 2007   |   |
|--------------------------------------------------------------------|--------|--------|--------|--------|--------|--------|--------|
|                                                               |   |   |   |   |   |   |   |   |   |   |
| Beginning      balance                                             |   | $      | 150    |   | $      | 125    |   | $ | 87 |   |
| Additions      for tax positions related to current year           |   |   | 49     |   |   | 19     |   |   | 29 |   |
| (Reductions)      additions for tax positions taken in prior years |   |   | (8     | )      |   | 9      |   |   | 12 |   |
| (Reductions)      additions for tax positions as a result of:      |   |   |   |   |   |   |   |   |   |   |
|     Settlements                                |   |   | (13    | )      |   | 2      |   |   | − |   |
|     Lapse      of statute of limitations       |   |   | (12    | )      |   | (5     | )      |   | (3 | ) |
|     Ending      balance                        |   | $      | 166    |   | $      | 150    |   | $ | 125 |   |

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| December      31,                                   |   | 2009    |   | 2008   |     | 2009      Depreciation      Rates |   |
|-----------------------------------------------------|--------|---------|--------|--------|----------|-----------------------------------|--------|
|                                                |   |    |   |   |     |                              |   |   |   |
| Land                                                |   |  $ | 1,803  |   | $  | 1,751                             |   | – | % |
| Track      structure                                |   | 20,281  |   | 19,108 |     | 3.5                               | %      |
| Other      roadway                                  |   | 13,245  |   | 12,922 |     | 2.6                               | %      |
| Locomotives                                         |   | 4,759   |   | 4,210  |     | 7.2                               | %      |
| Freight      cars and other equipment               |   | 2,246   |   | 2,140  |     | 5.1                               | %      |
| Computer      hardware and software                 |   | 675     |   | 615    |     | 11.8                              | %      |
| Total cost                                          |   | 43,009  |   | 40,746 |     |                              |   |
| Less      accumulated depreciation and amortization |   | (10,731 | )      | (9,908 | )        |                              |   |
| Property and equipment,      net                    |   | $       | 32,278 |   | $        | 30,838                            |   |   |   |

| December      31,                           |   | 2009   |   | 2008   |
|---------------------------------------------|--------|--------|--------|--------|
|                                        |   |   |   |   |   |   |
| Compensation      and benefits payable      |   | $      | 510    |   | $ | 609 |
| Accounts      payable                       |   | 305    |   | 346    |
| Rents      and leases                       |   | 283    |   | 276    |
| Casualty      and environmental liabilities |   | 250    |   | 280    |
| Property      tax liabilities               |   | 177    |   | 157    |
| Customer      incentives                    |   | 125    |   | 141    |
| Income      tax liabilities                 |   | 106    |   | 286    |
| Hedge      liabilitiesa                     |   | 48     |   | 225    |
| Other                                       |   | 744    |   | 794    |
| Total                                       |   | $      | 2,548  |   | $ | 3,114 |

|   | a      2008 hedge liabilities include a reduction of $92 million for collateral      paid (see Note 3 to the Consolidated Financial Statements for additional      information).    |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| December      31,                                                                                                                                                          |   |   | 2009a  |   |   | 2008a  |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------|--------|--------|--------|--------|
|                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |
| Notes      and debentures, due 2022                                                                                                                                        |   | $      | 200    |   | 8.8    | %      | $      | 200 |   | 8.8 | % |
| Equipment      obligations, due 2010 to 2027                                                                                                                               |   |   | 271    |   | 6.2    |   |   | 244 |   | 6.7 |   |
| Capitalized      lease obligations, due 2010 to 2028                                                                                                                       |   |   | 1,589  |   | 5.5    |   |   | 1,281 |   | 5.3 |   |
| Mortgage      bonds, due 2010 to 2047                                                                                                                                      |   |   | 94     |   | 5.9    |   |   | 97 |   | 6.0 |   |
| Financing      obligations, due 2010 to 2028                                                                                                                               |   |   | 323    |   | 6.2    |   |   | 278 |   | 6.2 |   |
| Unamortized      discount and other, net                                                                                                                                   |   |   | (24    | )      |   |   |   | (25 | ) |   |   |
| Total                                                                                                                                                                      |   |   | 2,453  |   |   |   |   | 2,075 |   |   |   |
| Less      current portion of long-term debt                                                                                                                                |   |   | (335   | )      | 6.2    | %      |   | (254 | ) | 6.7 | % |
| Long-term debt                                                                                                                                                             |   | $      | 2,118  |   |   |   | $      | 1,821 |   |   |   |
| a  Amounts representdebt outstanding and weighted      average effective interest rates for 2009 and 2008, respectively.      Maturities are as of December 31, 2009. |   |

|                               |   | December      31, 2009 |
|------------------------------------|--------|------------------------|
|                               |   |                   |   | Total      Including Capital Leases |   | Total      Excluding Capital Leases |   | Fair      Value Excluding Capital Leases |
|                               |   | Maturity      Date     |   |   |   |
|                               |   | 2010                   |   | 2011 |   | 2012 |   | 2013 |   | 2014 |   | Thereafter |   |   |   |
|                               |   |                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Fixed-rate      debt (in millions) |   | $                      | 335 |   | $ | 273 |   | $ | 209 |   | $ | 196 |   | $ | 138 |   | $ | 1,302 |   | $ | 2,453 |   | $ | 864 |   | $ | 936 |
| Average      interest rate         |   |                   | 6.2 | % |   | 5.9 | % |   | 6.0 | % |   | 6.2 | % |   | 5.9 | % |   | 6.4 | % |   | 6.2 | % |   |   |   |   |   |

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|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   | Guarantees                                 |   |                            |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------------------|--------|---------------------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   | BNSF RailwayOwnership      Percentage |   | PrincipalAmount      Guaranteed |   | MaximumFuture      Payments |   | MaximumRecourseAmount      a |   | Remaining      Term      (in      years | ) | Capitalized      Obligations |   |
| Kinder      Morgan Energy Partners, L.P.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   | 0.5                                        | %      | $                               | 190    |   | $ | 190 |   | $ | – |   | Termination      of Ownership |   | $ | – |   |
| Kansas      City Terminal Intermodal Transportation Corporation                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   | 0.0                                        | %      | $                               | 48     |   | $ | 67 |   | $ | 67 |   | 9 |   | $ | 27 | b |
| Westside      Intermodal Transportation Corporation                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   | 0.0                                        | %      | $                               | 37     |   | $ | 54 |   | $ | – |   | 14 |   | $ | 29 | b |
| The      Unified Government of Wyandotte County/Kansas City, Kansas                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   | 0.0                                        | %      | $                               | 12     |   | $ | 17 |   | $ | – |   | 14 |   | $ | 9 | b |
| Chevron      Phillips Chemical Company, LP                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   | 0.0                                        | %      |                            | N/A    | d |   | N/A | d |   | N/A | d | 8 |   | $ | 11 | c |
| Various      lessors (Residual      value guarantees)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   | 0.0                                        | %      |                            | N/A    |   | $ | 270 |   | $ | 270 |   | Various |   | $ | 68 | c |
| All      other                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   | 0.0                                        | %      | $                               | 3      |   | $ | 4 |   | $ | 1 |   | Various |   | $ | – |   |
| aReflects the maximum amount the      Company could recover from a third party other than the      counterparty. bReflects capitalized obligations      that are recorded on the Company’s Consolidated Balance Sheet.       cReflects the asset and      corresponding liability for the fair value of these guarantees required by      authoritative accounting guidance related to guarantees. d     There      is no cap to the liability that can be sought from BNSF Railway for BNSF      Railway’s negligence or the negligence of the indemnified      party.  However, BNSF Railway could receive reimbursement from      certain insurance policies if the liability exceeds a certain      amount. |   |

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| December      31,                                                                                       |   | Capital      Leases |   | Operating      Leases | a      |
|---------------------------------------------------------------------------------------------------------|--------|---------------------|--------|-----------------------|--------|
|                                                                                                    |   |                |   |                  |   |   |   |
| 2010                                                                                                    |   | $                   | 349    |                  | $      | 613 |   |
| 2011                                                                                                    |   |                | 285    |                  |   | 601 |   |
| 2012                                                                                                    |   |                | 215    |                  |   | 541 |   |
| 2013                                                                                                    |   |                | 169    |                  |   | 516 |   |
| 2014                                                                                                    |   |                | 138    |                  |   | 499 |   |
| Thereafter                                                                                              |   |                | 922    |                  |   | 3,553 |   |
|     Total                                                                           |   |                | 2,078  |                  | $      | 6,323 |   |
| Less      amount representing interest                                                                  |   |                | (489   | )                     |   |   |   |
|     Present      value of minimum lease payments                                    |   | $                   | 1,589  |                  |   |   |   |
| aExcludes leases having      non-cancelable lease terms of less than one year and per diem      leases. |   |

|   | •Because      BNSF Railway did not have detailed employment records in order to compute      the population of potentially exposed employees, it computed an estimate      using Company employee data from 1970 forward and estimated the BNSF      Railway employee base from 1938-1969 using railroad industry historical      census data and estimating BNSF Railway’s representation in the total      railroad population. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | •The      projected incidence of disease was estimated based on epidemiological      studies using employees’ age, duration and intensity of exposure while      employed. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | •An      estimate of the future anticipated claims filing rate by type of disease      (non-malignant, cancer and mesothelioma) was computed using the Company’s      average historical claim filing rates for the period 2004-2006. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | •An      estimate of the future anticipated dismissal rate by type of claim was      computed using the Company’s historical average dismissal rates observed      in 2005-2007. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | •An      estimate of the future anticipated settlement by type of disease was      computed using the Company’s historical average of dollars paid per claim      for pending and future claims using the average settlement by type of      incidence observed during2005-2007. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                                |   | 2009   |    | 2008   |   | 2007    |   |
|-------------------------------------|--------|--------|---------|--------|--------|---------|--------|
|                                |   |   |    |   |   |    |   |   |   |   |
| Beginning      balance              |   | $      | 251     |   | $      | 270     |   | $ | 306 |   |
| Accruals                            |   |   | – |   |   | – |   |   | (17 | ) |
| Payments                            |   |   | (15     | )      |   | (19     | )      |   | (19 | ) |
| Ending balance at December      31, |   | $      | 236     |   | $      | 251     |   | $ | 270 |   |

|                                                 |   | 2009   |   | 2008   |   |
|------------------------------------------------------|--------|--------|--------|--------|--------|
|                                                 |   |   |   |   |   |   |   |
| Claims      unresolved at January 1,                 |   |   | 1,833  |   |   | 1,781 |   |
| Claims      filed                                    |   |   | 290    |   |   | 494 |   |
| Claims      settled, dismissed or otherwise resolved |   |   | (512   | )      |   | (442 | ) |
| Claims unresolved at December      31,               |   |   | 1,611  |   |   | 1,833 |   |

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|   | •Size      and demographics (employee age and craft) of the  workforce. |
|--------|-------------------------------------------------------------------------------|

|   | •Activity      levels (manhours by employee craft and  carloadings). |
|--------|----------------------------------------------------------------------------|

|   | •Expected      claim frequency rates by type of claim (employee FELA or third-party      liability) based on historical claim frequency  trends. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | •Expected      dismissal rates by type of claim based on historical dismissal      rates. |
|--------|-------------------------------------------------------------------------------------------------|

|   | •Expected      average paid amounts by type of claim for open and incurred but not      reported claims that eventually close with  payment. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------|

|                                |   | 2009   |   | 2008   |   | 2007   |   |
|-------------------------------------|--------|--------|--------|--------|--------|--------|--------|
|                                |   |   |   |   |   |   |   |   |   |   |
| Beginning      balance              |   | $      | 442    |   | $      | 439    |   | $ | 439 |   |
| Accruals                            |   |   | 73     |   |   | 159    |   |   | 190 |   |
| Payments                            |   |   | (119   | )      |   | (156   | )      |   | (190 | ) |
| Ending balance at December      31, |   | $      | 396    |   | $      | 442    |   | $ | 439 |   |

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|                                                 |   | 2009   |   | 2008   |   |
|------------------------------------------------------|--------|--------|--------|--------|--------|
|                                                 |   |   |   |   |   |   |   |
| Claims      unresolved at January 1,                 |   |   | 3,349  |   |   | 3,322 |   |
| Claims      filed                                    |   |   | 3,460  |   |   | 4,313 |   |
| Claims      settled, dismissed or otherwise resolved |   |   | (3,437 | )      |   | (4,286 | ) |
| Claims unresolved at December      31,               |   |   | 3,372  |   |   | 3,349 |   |

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|                                |   | 2009   |   | 2008   |   | 2007   |   |
|-------------------------------------|--------|--------|--------|--------|--------|--------|--------|
|                                |   |   |   |   |   |   |   |   |   |   |
| Beginning      balance              |   | $      | 546    |   | $      | 380    |   | $ | 318 |   |
| Accruals                            |   |   | 64     |   |   | 251    |   |   | 126 |   |
| Payments                            |   |   | (93    | )      |   | (85    | )      |   | (64 | ) |
| Ending balance at December      31, |   | $      | 517    |   | $      | 546    |   | $ | 380 |   |

|                                 |   | BNSF      Railway Sites |   |
|--------------------------------------|--------|-------------------------|--------|
|                                 |   | 2009                    |   |   | 2008 |   |
|                                 |   |                    |   |   |   |   |   |
| Number      of sites at January 1,   |   |                    | 336    |   |   | 346 |   |
| Sites      added during the period   |   |                    | 13     |   |   | 19 |   |
| Sites      closed during the period  |   |                    | (29    | ) |   | (29 | ) |
| Number of sites at December      31, |   |                    | 320    |   |   | 336 |   |

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|                                 |   | 2009   |   | 2008   |   | 2007   |   |
|--------------------------------------|--------|--------|--------|--------|--------|--------|--------|
|                                 |   |   |   |   |   |   |   |   |   |   |
| Beginning      balance at January 1, |   | $      | 79     |   | $      | 91     |   | $ | 107 |   |
| Accruals                             |   |   | 15     |   |   | 3      |   |   | 5 |   |
| Payments                             |   |   | (17    | )      |   | (15    | )      |   | (21 | ) |
| Ending balance at December      31,  |   | $      | 77     |   | $      | 79     |   | $ | 91 |   |

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|                                      |   | Pension      Benefits |    | Retiree      Health and Welfare Benefits |   |
|-------------------------------------------|--------|-----------------------|---------|------------------------------------------|--------|
| Year      ended December 31,              |   | 2009                  |    | 2008                                     |   | 2007 |   | 2009 |   | 2008 |   | 2007 |   |
|                                      |   |                  |    |                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Service      cost                         |   | $                     | 28      |                                     | $      | 25 |   | $ | 25 |   | $ | 3 |   | $ | 2 |   | $ | 2 |   |
| Interest      cost                        |   |                  | 102     |                                     |   | 102 |   |   | 97 |   |   | 15 |   |   | 18 |   |   | 17 |   |
| Expected      return on plan assets       |   |                  | (107    | )                                        |   | (112 | ) |   | (105 | ) |   | – |   |   | – |   |   | – |   |
| Amortization      of net loss             |   |                  | 24      |                                     |   | 16 |   |   | 35 |   |   | 1 |   |   | 5 |   |   | 6 |   |
| Amortization      of prior service credit |   |                  | – |                                     |   | – |   |   | – |   |   | (6 | ) |   | (8 | ) |   | (8 | ) |
| Net cost    recognized                    |   | $                     | 47      |                                     | $      | 31 |   | $ | 52 |   | $ | 13 |   | $ | 17 |   | $ | 17 |   |

|                                                                                                                                                                                                                                                |   | Pension      Benefits |    | Retiree      Health and Welfare      Benefits |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------|---------|-----------------------------------------------|--------|
| Change      in Benefit Obligation                                                                                                                                                                                                                   |   | 2009                  |    | 2008                                          | a      | 2009 |   | 2008 | a |
|                                                                                                                                                                                                                                                |   |                  |    |                                          |   |   |   |   |   |   |   |   |   |
| Benefit      obligation at beginning of period                                                                                                                                                                                                      |   | $                     | 1,840   |                                          | $      | 1,763 |   | $ | 269 |   | $ | 304 |   |
| Service      cost                                                                                                                                                                                                                                   |   |                  | 28      |                                          |   | 32 |   |   | 3 |   |   | 3 |   |
| Interest      cost                                                                                                                                                                                                                                  |   |                  | 102     |                                          |   | 127 |   |   | 15 |   |   | 22 |   |
| Plan      participants’ contributions                                                                                                                                                                                                         |   |                  | – |                                          |   | – |   |   | 9 |   |   | 11 |   |
| Actuarial      loss (gain)                                                                                                                                                                                                                          |   |                  | 35      |                                          |   | 86 |   |   | – |   |   | (36 | ) |
| Medicare      subsidy                                                                                                                                                                                                                               |   |                  | – |                                          |   | – |   |   | 2 |   |   | 2 |   |
| Benefits      paid                                                                                                                                                                                                                                  |   |                  | (141    | )                                             |   | (168 | ) |   | (32 | ) |   | (37 | ) |
| Projected benefit obligation at      end of period                                                                                                                                                                                                  |   |                  | 1,864   |                                          |   | 1,840 |   |   | 266 |   |   | 269 |   |
| Component representing future      salary increases                                                                                                                                                                                                 |   |                  | (53     | )                                             |   | (82 | ) |   | – |   |   | – |   |
| Accumulated benefit obligation at      end of period                                                                                                                                                                                                |   | $                     | 1,811   |                                          | $      | 1,758 |   | $ | 266 |   | $ | 269 |   |
| a In accordance with the      transition to new authoritative accounting guidance, the beginning balance      in 2009 and 2008 was December 31, 2008, and September 30, 2007,      respectively; therefore, 2008 includes 15 months of    activity. |   |

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|                                                                                                                                                                                                                                                           |   | Pension      Benefits |    | Retiree      Health andWelfare      Benefits |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------|---------|----------------------------------------------|--------|
| Change      in Plan Assets                                                                                                                                                                                                                                     |   | 2009                  |    | 2008                                         | a      | 2009 |   | 2008 | a |
|                                                                                                                                                                                                                                                           |   |                  |    |                                         |   |   |   |   |   |   |   |   |   |
| Fair      value of plan assets at beginning of period                                                                                                                                                                                                          |   | $                     | 1,034   |                                         | $      | 1,588 |   | $ | – |   | $ | – |   |
| Actual      return on plan assets                                                                                                                                                                                                                              |   |                  | 160     |                                         |   | (395 | ) |   | – |   |   | – |   |
| Employer      contributionsb                                                                                                                                                                                                                                   |   |                  | 266     |                                         |   | 9 |   |   | 21 |   |   | 24 |   |
| Plan      participants’ contributions                                                                                                                                                                                                                    |   |                  | – |                                         |   | – |   |   | 9 |   |   | 11 |   |
| Medicare      subsidy                                                                                                                                                                                                                                          |   |                  | – |                                         |   | – |   |   | 2 |   |   | 2 |   |
| Benefits      paid                                                                                                                                                                                                                                             |   |                  | (141    | )                                            |   | (168 | ) |   | (32 | ) |   | (37 | ) |
| Fair value of plan assets at      measurement date                                                                                                                                                                                                             |   | $                     | 1,319   |                                         | $      | 1,034 |   | $ | – |   | $ | – |   |
| a  In accordance with      the transition to new authoritative accounting guidance, the beginning      balance in 2009 and 2008 was December 31, 2008, and September 30, 2007,      respectively; therefore, 2008 includes 15 months of    activity. |   |
|                                                                                                                                                                                                                                                           |   |
| b  Employer      contributions were classified as Other, Net under Operating Activities in      the Company’s Consolidated Statements of Cash Flows.                                                                                           |   |

|                                                                |   | Pension      Benefits |   | Retiree      Health and Welfare      Benefits |   |
|---------------------------------------------------------------------|--------|-----------------------|--------|-----------------------------------------------|--------|
|                                                                |   | 2009                  |   | 2008                                          |   | 2009 |   | 2008 |   |
|                                                                |   |                  |   |                                          |   |   |   |   |   |   |   |   |   |
| Funded      status (plan assets less projected benefit obligations) |   | $                     | (545   | )                                             | $      | (806 | ) | $ | (266 | ) | $ | (269 | ) |

|                                                                                                                  |   | Pension      Benefits |    | Retiree      Health and Welfare      Benefits |   |
|-----------------------------------------------------------------------------------------------------------------------|--------|-----------------------|---------|-----------------------------------------------|--------|
| Change      in AOCL                                                                                                   |   | 2009                  |    | 2008                                          |   | 2007 |   | 2009 |   | 2008 |   | 2007 |   |
|                                                                                                                  |   |                  |    |                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance      at January 1,                                                                                            |   | $                     | 834     |                                          | $      | 233 |   | $ | 429 |   | $ | 14 |   | $ | 46 |   | $ | 48 |   |
| Measurement      date adjustment pursuant to adoption of authoritative accounting guidance      issued September 2006 |   |                  | – |                                          |   | (4 | ) |   | – |   |   | – |   |   | 1 |   |   | – |   |
| Amortization      of actuarial loss                                                                                   |   |                  | (24     | )                                             |   | (16 | ) |   | (35 | ) |   | (1 | ) |   | (5 | ) |   | (6 | ) |
| Amortization      of prior service credit                                                                             |   |                  | – |                                          |   | – |   |   | – |   |   | 6 |   |   | 8 |   |   | 8 |   |
| Actuarial      (gain) loss                                                                                            |   |                  | (18     | )                                             |   | 621 |   |   | (161 | ) |   | – |   |   | (36 | ) |   | (4 | ) |
| Balance at December      31,                                                                                          |   | $                     | 792     |                                          | $      | 834 |   | $ | 233 |   | $ | 19 |   | $ | 14 |   | $ | 46 |   |

|                                                     |   | Pension      Benefits |    | Retiree      Health and Welfare      Benefits |   |
|----------------------------------------------------------|--------|-----------------------|---------|----------------------------------------------------|--------|
|                                                     |   | 2009                  |    | 2008                                               |   | 2009 |   | 2008 |   |
|                                                     |   |                  |    |                                               |   |   |   |   |   |   |   |   |   |
| Net      actuarial loss                                  |   | $                     | 792     |                                               | $      | 834 |   | $ | 25 |   | $ | 26 |   |
| Prior      service credit                                |   |                  | − |                                               |   | − |   |   | (6 | ) |   | (12 | ) |
| Pre-tax amount recognized in      AOCL at December 31,   |   |                  | 792     |                                               |   | 834 |   |   | 19 |   |   | 14 |   |
| After-tax amount recognized in      AOCL at December 31, |   | $                     | 489     |                                               | $      | 515 |   | $ | 11 |   | $ | 9 |   |

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| Assumptions      Used to Determine Net Cost for      Fiscal Years Ended December 31, |   | Pension      Benefits |   | Retiree      Health and Welfare      Benefits |   |
|--------------------------------------------------------------------------------------|--------|-----------------------|--------|-----------------------------------------------|--------|
|                                                                                 |   | 2009                  |   | 2008                                          |   | 2007 |   | 2009 |   | 2008 |   | 2007 |   |
|                                                                                 |   |                  |   |                                          |   |   |   |   |   |   |   |   |   |
| Discount      rate                                                                   |   | 5.75                  | %      | 6.00                                          | %      | 5.50 | % | 5.75 | % | 6.00 | % | 5.50 | % |
| Expected      long-term rate of return on plan assets                                |   | 8.00                  | %      | 8.00                                          | %      | 8.00 | % | – | % | – | % | – | % |
| Rate      of compensation increase                                                   |   | 3.80                  | %      | 3.80                                          | %      | 3.90 | % | 3.80 | % | 3.80 | % | 3.90 | % |

| Assumptions      Used to Determine Benefit Obligations      at December 31, |   | Pension      Benefits |   | Retiree      Health and Welfare      Benefits |   |
|-----------------------------------------------------------------------------|--------|-----------------------|--------|-----------------------------------------------|--------|
|                                                                        |   | 2009                  |   | 2008                                          |   | 2009 |   | 2008 |   |
|                                                                        |   |                  |   |                                          |   |   |   |   |   |
| Discount      rate                                                          |   | 5.75                  | %      | 5.75                                          | %      | 5.75 | % | 5.75 | % |
| Rate      of compensation increase                                          |   | 3.80                  | %      | 3.80                                          | %      | 3.80 | % | 3.80 | % |

| Sensitivity      Analysis                                   |
|-------------------------------------------------------------|
|                                                        |   | Change      in Net Benefit Cost |
| Hypothetical      Discount Rate Change                 |   | Pension |   | Retiree      Health and Welfare |
| 50      basis point decrease                                |   | $6      million increase |   | $200      thousand decrease |
| 50      basis point increase                                |   | $6      million decrease |   | $100      thousand increase |
|                                                        |   |   |   |   |
| Hypothetical      Rate of Return on      Plan Assets Change |   | Pension |   |   |
| 50      basis point decrease                                |   | $7      million increase |   |   |
| 50      basis point increase                                |   | $7      million decrease |   |   |

| December      31,                                                                |   | 2009   |   | 2008   |   |   | 2007   |   |
|----------------------------------------------------------------------------------|--------|--------|--------|--------|--------|--------|--------|--------|
|                                                                             |   |   |   |   |   |   |   |   |   |   |
| Assumed      health care cost trend rate for next year                           |   |   | 9.00   | %      |   | 9.75   | %      |   | 10.50 | % |
| Rate      to which health care cost trend rate is expected to decline and remain |   |   | 5.00   | %      |   | 5.00   | %      |   | 5.00 | % |
| Year      that the rate reaches the ultimate trend rate                          |   |   | 2016   |   |   | 2016   |   |   | 2016 |   |

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|                                             |   | One      Percentage-Point Increase |   | One      Percentage-Point Decrease |   |
|--------------------------------------------------|--------|------------------------------------|--------|------------------------------------|--------|
|                                             |   |                               |   |                               |   |   |   |
| Effect      on total service and interest cost   |   | $                                  | 1      |                               | $      | (1 | ) |
| Effect      on postretirement benefit obligation |   | $                                  | 20     |                               | $      | (17 | ) |

|                         |   | Target      Allocation |   | Percentage      of Pension Plan Assets |   |
|------------------------------|--------|------------------------|--------|----------------------------------------|--------|
| Plan      Asset Allocation   |   | 2009                   |   | 2009                                   |   | 2008 |   |
|                         |   |                   |   |                                   |   |   |   |
| Equity      Securities       |   | 45      – 75     | %      | 62                                     | %      | 55 | % |
| Fixed      Income Securities |   | 20      – 40     | %      | 30                                     |   | 30 |   |
| Real      Estate             |   | 5      – 15      | %      | 8                                      |   | 15 |   |
| Total                        |   |                   |   | 100                                    | %      | 100 | % |

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| Asset      Category                                                                                                                                                                                                                                                                   |   | Total      as of December 31, 2009 |   | Level      1 Inputs      a |   | Level      2 Inputs      a |   | Level      3 Inputs      a |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------------------|--------|----------------------------|--------|----------------------------|--------|----------------------------|
| Equity      securities:                                                                                                                                                                                                                                                               |   |                               |   |                       |   |                       |   |                       |   |   |   |   |
|    U.      S.                                                                                                                                                                                                                                                          |   | $                                  | 443    |                       | $      | 443                        |   | $                          | − |   | $ | − |
|    International                                                                                                                                                                                                                                                       |   |                               | 336    |                       |   | 336                        |   |                       | − |   |   | − |
| Corporate      debt securities                                                                                                                                                                                                                                                        |   |                               | 157    |                       |   | −                    |   |                       | 157 |   |   | − |
| Government      debt securities                                                                                                                                                                                                                                                       |   |                               | 114    |                       |   | −                    |   |                       | 114 |   |   | − |
| Real      estate                                                                                                                                                                                                                                                                      |   |                               | 103    |                       |   | −                    |   |                       | − |   |   | 103 |
| Collateralized      obligations and mortgage backed securities (MBS)                                                                                                                                                                                                                  |   |                               | 78     |                       |   | −                    |   |                       | 77 |   |   | 1 |
| Cash      and cash equivalents                                                                                                                                                                                                                                                        |   |                               | 48     |                       |   | 38                         |   |                       | 10 |   |   | − |
| Registered      investment companies                                                                                                                                                                                                                                                  |   |                               | 34     |                       |   | 23                         |   |                       | 11 |   |   | − |
| Total      b                                                                                                                                                                                                                                                                          |   | $                                  | 1,313  |                       | $      | 840                        |   | $                          | 369 |   | $ | 104 |
| a  See      Note 2 to the Consolidated Financial Statements under the heading “Fair      Value Measurements” for a definition of each of these levels of      inputs. b  Excludes      $6 million accrued for dividend and interest  receivable. |

| Level      3 Inputs                                                                                                                                                                                   |   | Total  |            | U.S.      Equity Securities |   | Corporate      Debt Securities |   | Real      Estate |                | Collateralized      Obligations & MBS |          | Cash      and Cash Equivalentsa |   | Registered      Investment Companies |                |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|-----------------|-----------------------------|--------|--------------------------------|--------|------------------|---------------------|-------------------------------------------|---------------|---------------------------------|--------|--------------------------------------|---------------------|
|                                                                                                                                                                                                  |   |   |            |                        |   |                           |   |             |                |                                      |          |                            |   |                                 |                |   |   |   |   |   |   |   |
| Balance      as of December 31, 2008                                                                                                                                                                  |   | $      | 162   |                        | $      | 1                    |   | $      | 6         |                                      | $   | 151                   |   | $                          | 4         |   | $   | (2   | ) | $   | 2   |   |
| Actual      return on plan assets:                                                                                                                                                                    |   |   |            |                        |   |                           |   |             |                |                                      |          |                            |   |                                 |                |   |   |   |   |   |   |   |
|    Relating      to assets still held at reporting date                                                                                                                                |   |   | (399            | )                           |   | −              |   |             | 2         |                                      |          | (42                   | )      |                                 | (1        | ) |   | 2   |   |   | −   |   |
|    Relating      to assets sold during the period                                                                                                                                      |   |   | (5    | )                           |   | (1                   | )      |             | −   |                                      |          | (2                    | )      |                                 | −   |   |   | (2   | ) |   | −   |   |
| Purchases,      sales and settlements                                                                                                                                                                 |   |   | (8    | )                           |   | −              |   |             | (3        | )                                         |          | (4                    | )      |                                 | (1        | ) |   | 2   |   |   | (2   | ) |
| Transfers      out of Level 3                                                                                                                                                                         |   |   | (6    | )                           |   | −              |   |             | (5        | )                                         |          | −               |   |                                 | (1        | ) |   | −   |   |   | −   |   |
| Balance      as of December 31, 2009                                                                                                                                                                  |   | $      | 104   |                        | $      | −              |   | $                | −   |                                      | $             | 103                   |   | $                                    | 1         |   | $ | −   |   | $ | −   |   |
| a  Balance      at December 31, 2008, represents a temporary deficit in a securities      lending program. As of December 31, 2009, the Company no longer      participates in the program. |   |

| Fiscal      year                                                                                                                                                      |   | Expected      Pension      Plan      Benefit Payments | a      | Expected Retiree      Health and      Welfare Payments |   | Expected      Medicare      Subsidy |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------------------------------------|--------|------------------------------------------------------------------|--------|-------------------------------------|--------|
|                                                                                                                                                                  |   |                                                  |   |                                                             |   |                                |   |   |   |   |
| 2010                                                                                                                                                                  |   | $                                                     | 137    |                                                             | $      | 23                                  |   | $ |  (2 | ) |
| 2011                                                                                                                                                                  |   |                                                  | 138    |                                                             |   | 24                                  |   |   |  (3 | ) |
| 2012                                                                                                                                                                  |   |                                                  | 139    |                                                             |   | 24                                  |   |   |  (3 | ) |
| 2013                                                                                                                                                                  |   |                                                  | 139    |                                                             |   | 24                                  |   |   |  (3 | ) |
| 2014                                                                                                                                                                  |   |                                                  | 141    |                                                             |   | 24                                  |   |   |  (3 | ) |
| 2015–2019                                                                                                                                                       |   |                                                  | 702    |                                                             |   | 118                                 |   |   |  (17 | ) |
| aPrimarily consists of the BNSF      Retirement Plan payments, which are made from the plan trust and do not      represent an immediate cash outflow to the Company. |   |

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| Year      ended December 31,                                |   | 2009   |   | 2008   |   | 2007   |   |
|-------------------------------------------------------------|--------|--------|--------|--------|--------|--------|--------|
|                                                        |   |   |   |   |   |   |   |   |   |   |
| Weighted      average expected life (years)                 |   |   | 4.8    |   |   | 4.7    |   |   | 4.6 |   |
| Weighted      average expected volatility                   |   |   | 29.6   | %      |   | 24.0   | %      |   | 24.0 | % |
| Weighted      average expected dividend yield               |   |   | 1.96   | %      |   | 1.50   | %      |   | 1.15 | % |
| Weighted      average risk free interest rate               |   |   | 2.15   | %      |   | 3.09   | %      |   | 4.31 | % |
| Weighted      average fair value per share at date of grant |   | $      | 15.09  |   | $      | 22.92  |   | $ | 21.91 |   |

| Year      ended December 31, 2009    |   | Options |   | Weighted      Average Exercise Prices |   | Weighted      Average RemainingContractual      Term      (in      years) |   | Aggregate      Intrinsic Value |
|--------------------------------------|--------|---------|--------|---------------------------------------|--------|---------------------------------------------------------------------------|--------|--------------------------------|
|                                 |   |    |   |                                  |   |                                                                      |   |                           |   |   |   |   |
| Balance      at beginning of year    |   |    | 9,668  |                                  | $      | 62.95                                                                     |   |                           |   |   |   |   |
| Granted                              |   |    | 2,556  |                                  |   | 64.63                                                                     |   |                           |   |   |   |   |
| Exercised                            |   |    | (2,027 | )                                     |   | 37.27                                                                     |   |                           |   |   |   |   |
| Cancelled                            |   |    | (177   | )                                     |   | 81.54                                                                     |   |                           |   |   |   |   |
| Balance at end of      year          |   |    | 10,020 |                                  | $      | 68.24                                                                     |   |                           | 6.16 |   | $ | 316 |
|                                 |   |    |   |                                  |   |                                                                      |   |                           |   |   |   |   |
| Options      exercisable at year end |   |    | 6,334  |                                  | $      | 62.35                                                                     |   |                           | 4.65 |   | $ | 235 |

| Year      ended December      31, 2009 |   | Time      Based |   | Performance      Based      Units |   | Performance Stock |   | BNSF      Incentive Bonus Stock Program |   | BNSF      Discounted Stock Purchase Program |   | Total  |
|----------------------------------------|--------|-----------------|--------|-----------------------------------|--------|------------------------|--------|-----------------------------------------|--------|---------------------------------------------|--------|--------|
|                                   |   |            |   |                              |   |                   |   |                                    |   |                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance      at beginning      of year |   | 457             |   | $                                 | 76.49  |                   | 1,056  |                                    | $      | 92.48                                       |   | 612    |   | $ | 89.24 |   | 64 |   | $ | 81.31 |   | 20 |   | $ | 81.34 |   | 2,209 |   | $ | 87.84 |
| Granted                                |   | 58              |   |                              | 66.67  |                   | 558    |                                    |   | 64.97                                       |   | 279    |   |   | 59.75 |   | − |   |   | − |   | 23 |   |   | 66.25 |   | 918 |   |   | 63.52 |
| Vested                                 |   | (233            | )      |                              | 75.74  |                   | (209   | )                                       |   | 80.17                                       |   | (54    | ) |   | 80.17 |   | (64 | ) |   | 81.31 |   | (12 | ) |   | 81.32 |   | (572 | ) |   | 78.52 |
| Forfeited                              |   | (6              | )      |                              | 84.77  |                   | (40    | )                                       |   | 88.18                                       |   | (171   | ) |   | 81.26 |   | − |   |   | − |   | − |   |   | − |   | (217 | ) |   | 82.62 |
| Balance at end of      year            |   | 276             |   | $                                 | 74.89  |                   | 1,365  |                                    | $      | 83.24                                       |   | 666    |   | $ | 79.67 |   | − |   | $ | − |   | 31 |   | $ | 70.41 |   | 2,338 |   | $ | 81.06 |

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| Grant      Date Fair Market Value of Awards Granted |   | Time      Based |   | Performance      Based      Units |   | PerformanceStock |   | BNSF      Incentive Bonus Stock Program |   | BNSF      Discounted Stock Purchase Program |
|-----------------------------------------------------|--------|-----------------|--------|-----------------------------------|--------|------------------|--------|-----------------------------------------|--------|---------------------------------------------|
|                                                |   |            |   |                              |   |             |   |                                    |   |                                        |   |   |   |   |   |
| Year      ended December 31, 2008                   |   | $               | 102.06 |                              | $      | 105.23           |   | $                                       | 100.13 |                                        | $ | − |   | $ | 86.56 |
| Year      ended December 31, 2007                   |   | $               | 86.38  |                              | $      | 88.80            |   | $                                       | 88.77  |                                        | $ | − |   | $ | 79.28 |

| Total      Fair Value of Shares Vested (in      millions) |   | Time      Based |   | Performance      Based      Units |   | PerformanceStock |   | BNSF      Incentive Bonus Stock Program |    | BNSF      Discounted Stock Purchase Program |   | Total  |
|-----------------------------------------------------------|--------|-----------------|--------|-----------------------------------|--------|------------------|--------|-----------------------------------------|---------|---------------------------------------------|--------|--------|
|                                                      |   |            |   |                              |   |             |   |                                    |    |                                        |   |   |   |   |   |   |   |   |
| Year      ended December 31, 2009                         |   | $               | 15     |                              | $      | 14               |   | $                                       | 4       |                                        | $      | 4      |   | $ | 1 |   | $ | 38 |
| Year      ended December 31, 2008                         |   | $               | 31     |                              | $      | 30               |   | $                                       | 15      |                                        | $      | 51     |   | $ | 1 |   | $ | 128 |
| Year      ended December 31, 2007                         |   | $               | 49     |                              | $      | 21               |   | $                                       | – |                                        | $      | 18     |   | $ | 1 |   | $ | 89 |

|                               |   | 2009   |   | 2008   |   | 2007   |   |
|------------------------------------|--------|--------|--------|--------|--------|--------|--------|
|                               |   |   |   |   |   |   |   |   |   |   |
| Compensation      cost             |   | $      | 41     |   | $      | 69     |   | $ | 66 |   |
| Income      tax benefit            |   |   | (15    | )      |   | (25    | )      |   | (23 | ) |
| Total                              |   | $      | 26     |   | $      | 44     |   | $ | 43 |   |
|                               |   |   |   |   |   |   |   |   |   |   |
| Compensation      cost capitalized |   | $      | 6      |   | $      | 6      |   | $ | 7 |   |

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| As      of December 31,                                                                    |   |   | 2009   |   |   | 2008   |   |
|--------------------------------------------------------------------------------------------|--------|--------|--------|--------|--------|--------|--------|
|                                                                                       |   |   |   |   |   |   |   |
| Unrecognized      prior service credit and actuarial losses, net of tax (see Note      12) |   | $      | (500   | )      | $      | (524   | )      |
| Fuel/interest      hedge mark-to-market, net of tax (see Note 3)                           |   |   | 5      |   |   | (281   | )      |
| Accumulated      other comprehensive income of equity method investees, net of tax         |   |   | (6     | )      |   | (6     | )      |
| Total      Accumulated other comprehensive loss                                            |   | $      | (501   | )      | $      | (811   | )      |

| Dollars      in millions |   | Fourth  |   | Third  |   | Second |   | First  |
|--------------------------|--------|--------------|--------|--------|--------|--------|--------|--------|
|                     |   |         |   |   |   |   |   |   |   |   |   |   |
| 2009                     |   |         |   |   |   |   |   |   |   |   |   |   |
| Revenues                 |   | $            | 3,641  |   | $      | 3,549  |   | $      | 3,275 |   | $ | 3,383 |
| Operating      income    |   | $            | 865    |   | $      | 890    |   | $      | 792 |   | $ | 661 |
| Net      income          |   | $            | 620    |   | $      | 546    |   | $      | 464 |   | $ | 384 |
|                     |   |         |   |   |   |   |   |   |   |   |   |   |
| 2008                     |   |         |   |   |   |   |   |   |   |   |   |   |
| Revenues                 |   | $            | 4,319  |   | $      | 4,837  |   | $      | 4,420 |   | $ | 4,211 |
| Operating      income    |   | $            | 1,106  |   | $      | 1,197  |   | $      | 711 |   | $ | 882 |
| Net      income          |   | $            | 659    |   | $      | 759    |   | $      | 417 |   | $ | 527 |

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Disclosure

Procedures 

Information

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Services

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Schedules

| (a)  | The      following documents are filed as part of this report: |
|-----------|----------------------------------------------------------------|
|      |                                                           |   |
|      | 1.                                                        | Consolidated      Financial Statements—see Item 8.  |
|      |                                                           |   |
|      |                                                           | Schedules are      omitted because they are not required or applicable, or the required      information is included in the Consolidated Financial Statements or      related notes.  |
|      |                                                           |   |
|      | 2.                                                        | Exhibits:  |
|      |                                                           |   |
|      |                                                           | See Index to      Exhibits beginning on page E-1 for a description of the exhibits filed as      a part of this Report on Form 10-K.  |

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Signatures

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|                          | BNSF      Railway Company |
|-------------------------------|---------------------------|
|                          |                      |   |   |
|                          |                      |   |   |
|                          |                      |   |   |
|                          | By:                       | /s/      Matthew K. Rose |   |
| Dated:      February 11, 2010 |                      | Matthew      K. Rose |   |
|                          |                      | Chairman,      President and Chief |   |
|                          |                      | Executive      Officer |   |

| Signature                           | Title                                                             |
|-------------------------------------|-------------------------------------------------------------------|
|                                |                                                              |
| /s/ Matthew K.      Rose            | Chairman, President      and Chief Executive Officer         |
| Matthew K.      Rose           | (Principal Executive      Officer), and Director             |
|                                |                                                              |
| /s/ Thomas N.      Hund             | Executive Vice      President and Chief Financial Officer    |
| Thomas N.      Hund            | (Principal Financial      Officer), and Director             |
|                                |                                                              |
| /s/ Julie A.      Piggott           | Vice President -      Planning & Studies and Controller  |
| Julie A.      Piggott          | (Principal      Accounting Officer)                          |
|                                |                                                              |
| /s/ Carl R.      Ice           | Director                                                     |
| Carl R.      Ice               |                                                              |
|                                |                                                              |
| /s/ John P. Lanigan,      Jr.  | Director                                                     |
| John P. Lanigan,      Jr.      |                                                              |
|                                |                                                              |
| /s/ Roger      Nober                | Director                                                     |
| Roger      Nober               |                                                              |

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Index

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|  Exhibit      Number and Description |   | Incorporated      by Reference(if      applicable)                                                                  |
|-------------------------------------------|--------|---------------------------------------------------------------------------------------------------------------------|
|                                      |   |                                                                                                                |   | Form | File      Date | File      No. | Exhibit |
|                                      |   |                                                                                                                |   |   |   |   |   |
| 3.1                                       |   | Restated      Certificate of Incorporation of BNSF Railway Company, dated January 17,      2005.                    |   | 10-Q | 7/26/2005 | 001-06324 | 3.1 |
|                                      |   |                                                                                                                |   |   |   |   |   |
| 3.2                                       |   | By-Laws      of BNSF Railway Company, as amended August 30, 2005.                                                   |   | 10-Q | 10/25/2005 | 001-06324 | 3.1 |
|                                      |   |                                                                                                                |   |   |   |   |   |
| 12.1                                      |   | Computation of Ratio of Earnings to Fixed      Charges.*                                                            |   |   |   |   |   |
|                                      |   |                                                                                                                |   |   |   |   |   |
| 31.1                                      |   | Principal Executive Officer’s Certifications Pursuant to      Section 302 of the Sarbanes-Oxley Act of 2002.* |   |   |   |   |   |
|                                      |   |                                                                                                                |   |   |   |   |   |
| 31.2                                      |   | Principal Financial Officer’s Certifications Pursuant to      Section 302 of the Sarbanes-Oxley Act of 2002.* |   |   |   |   |   |
|                                      |   |                                                                                                                |   |   |   |   |   |
| 32.1                                      |   | Certification Pursuant to 18 U.S.C. § 1350 (Section 906      of the Sarbanes-Oxley Act of 2002).*              |   |   |   |   |   |
|                                      |   |                                                                                                                |   |   |   |   |   |

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