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<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" -->
<!-- Begin Block Tagged Note 1 - bni:AccountingPoliciesAndInterimResultsTextBlock-->
<div align="left" style="font-family: 'Times New Roman',Times,serif">
<!-- xbrl,ns -->
<!-- xbrl,nx -->
<div align="center" style="font-size: 10pt; margin-top: 0pt"><b></b>
</div>
<div align="center" style="font-size: 10pt; margin-top: 0pt"><b></b>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 12pt"><b>1. Accounting Policies and Interim Results</b>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 6pt">     The Consolidated Financial Statements should be read in conjunction with Burlington Northern
Santa Fe, LLC’s Annual Report on Form 10-K for the year ended December 31, 2010, including the
financial statements and notes thereto. Burlington Northern Santa Fe, LLC (BNSF) is a holding
company that conducts no operating activities and owns no significant assets other than through its
interests in its subsidiaries. The Consolidated Financial Statements include the accounts of BNSF
and its majority-owned subsidiaries, all of which are separate legal entities (collectively, the
Company). BNSF’s principal operating subsidiary is BNSF Railway Company (BNSF Railway). All
intercompany accounts and transactions have been eliminated.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 6pt">     Burlington Northern Santa Fe Corporation was incorporated in the State of Delaware on December
16, 1994. On February 12, 2010, Berkshire Hathaway Inc., a Delaware corporation (Berkshire),
acquired 100% of the outstanding shares of Burlington Northern Santa Fe Corporation common stock
that it did not already own. The acquisition was completed through the merger (the Merger) of
Burlington Northern Santa Fe Corporation with and into R Acquisition Company, LLC, a Delaware
limited liability company and an indirect wholly-owned subsidiary of Berkshire (Merger Sub), with
Merger Sub continuing as the surviving entity. In connection with the Merger, Merger Sub changed
its name to “Burlington Northern Santa Fe, LLC” and remains an indirect, wholly-owned subsidiary of
Berkshire.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 6pt">     Berkshire’s cost of acquiring BNSF has been pushed-down to establish a new accounting basis
for BNSF. Accordingly, the accompanying interim consolidated financial statements are presented for
two periods, Predecessor and Successor, which relate to the accounting periods preceding and
succeeding the completion of the Merger. The Predecessor and Successor periods have been separated
by a vertical line on the face of the consolidated financial statements to highlight the fact that
the financial information for such periods has been prepared under two different historical-cost
bases of accounting. Earnings per share data has not been presented because BNSF has not issued
stock or membership interests to the public.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 6pt">     The presentation of BNSF’s Consolidated Balance Sheet was revised to combine additional
paid-in capital and retained earnings into one line titled member’s equity to reflect the
post-merger ownership structure. The revised financial statement presentation did not affect
previously reported results of operations, cash flows or financial position.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 6pt">     The results of operations for any interim period are not necessarily indicative of the results
of operations to be expected for the entire year. In the opinion of management, the unaudited
financial statements reflect all adjustments (consisting of only normal recurring adjustments,
except as disclosed) necessary for a fair statement of BNSF’s consolidated financial position as of
June 30, 2011 (Successor), and the results of operations for the three months ended June 30, 2011
and 2010 (Successor), the six months ended June 30, 2011 (Successor), and the periods February 13
— June 30, 2010 (Successor) and January 1 — February 12, 2010 (Predecessor).
</div>
<div align="justify" style="font-size: 10pt; margin-top: 6pt"><u><b>Subsequent Event</b></u>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 12pt">   <b><i>Related Party Transaction</i></b>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 6pt">     In July 2011, BNSF declared a distribution of $750 million to its parent company, which will
be paid in August 2011.
</div>
</div>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" -->
<!-- Begin Block Tagged Note 2 - us-gaap:DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock-->
<div align="left" style="font-family: 'Times New Roman',Times,serif">
<div align="justify" style="font-size: 10pt; margin-top: 12pt"><b>2. Fuel</b>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 6pt">     Fuel costs represented 29 percent, 24 percent and 25 percent of total operating expenses
during the six months ended June 30, 2011 (Successor), and the periods February 13 — June 30, 2010
(Successor) and January 1 — February 12, 2010 (Predecessor), respectively. Due to the significance
of diesel fuel expenses to the operations of BNSF and the historical volatility of fuel prices, the
Company has entered into derivative instruments to partially mitigate the risk of fluctuations in
the price of its diesel fuel purchases. The Company enters into fuel-derivative instruments based
on management’s evaluation of current and expected diesel fuel price trends with the intent of
protecting operating margins and overall profitability from adverse fuel price changes. The Company
does not use derivative financial instruments for trading or speculative purposes. However, to the
extent the Company hedges portions of its fuel purchases, it may not realize the impact of
decreases in fuel prices. Conversely, to the extent the Company does not hedge portions of its fuel
purchases, it may be adversely affected by increases in fuel prices.
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="center" style="font-size: 10pt; margin-top: 0pt">
<b>
</b>
</div>
<div align="center" style="font-size: 10pt; margin-top: 0pt">
<b>
</b>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 6pt">     As of June 30, 2011, BNSF’s total fuel-derivative positions for the remainder of 2011 and
2012, of which the majority are designated as cash flow hedges, covered approximately 19 percent
and 3 percent, respectively, of the average annual locomotive fuel consumption over the past three
years. Derivative positions are closely monitored to ensure that they will not exceed actual fuel
requirements in any period. As of June 30, 2011, and December 31, 2010, BNSF had entered into
fuel-derivative agreements covering approximately 161 million gallons and 284 million gallons,
respectively.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 6pt"><u><b>Derivative Activities</b></u>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 6pt">     The Company formally documents the relationship between the hedging instrument and the hedged
item, as well as the risk management objective and strategy for the use of the hedging instrument.
This documentation includes linking the derivatives that are designated as cash flow hedges to
specific assets or liabilities on the balance sheet, commitments or forecasted transactions. The
Company assesses at the time a derivative contract is entered into, and at least quarterly
thereafter, whether the derivative item is effective in offsetting the changes in fair value or
cash flows. Any change in fair value resulting from ineffectiveness, as defined by authoritative
accounting guidance related to derivatives and hedging<i>, </i>is recognized in current period earnings.
For derivative instruments that are designated and qualify as cash flow hedges, the effective
portion of the gain or loss on the derivative instrument is recorded in accumulated other
comprehensive income (AOCI) as a separate component of equity and reclassified into earnings in the
period during which the hedge transaction affects earnings. Cash flows related to fuel derivatives
are classified as operating activities in the Consolidated Statements of Cash Flows.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 6pt">     Upon application of acquisition method accounting due to the Merger, the Company was required
to re-designate its outstanding derivatives as hedges under authoritative accounting guidance.
Certain costless collar derivatives did not qualify for re-designation as they were in net written
positions as of the Merger date. As a result, hedge accounting was discontinued on these
instruments. The Company will continue to hold these financial instruments to hedge against
increases in diesel fuel prices, recognizing any gains and losses from changes in fair value in
current period earnings.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 6pt">     No additional derivative contracts have been entered into subsequent to the Merger.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 6pt">     BNSF monitors its derivative instrument positions and credit ratings of its counterparties and
does not anticipate any losses due to counterparty nonperformance. All counterparties were
financial institutions with credit ratings of A2/A or higher as of June 30, 2011. The maximum
amount of loss the Company could incur from credit risk based on the gross fair value of derivative
instruments in asset positions as of June 30, 2011, and December 31, 2010, was $75 million and $87
million, respectively. Other than as disclosed below, the Company’s derivative agreements do not
include provisions requiring collateral. Certain of the Company’s derivative instruments are
covered by master netting arrangements whereby, in the event of a default, the non-defaulting party
has the right to setoff any amounts payable against any obligation of the defaulting party under
the same counterparty agreement. As such, the Company’s net asset exposure to counterparty credit
risk was $75 million and $86 million as of June 30, 2011, and December 31, 2010, respectively.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 6pt">     Certain of the Company’s fuel-derivative instruments are covered by an agreement which
includes a provision such that the Company either receives or posts cash collateral if the fair
value of the instruments exceeds a certain net asset or net liability threshold, respectively. The
threshold is based on a sliding scale, utilizing either the counterparty’s credit rating, if the
instruments are in a net asset position, or BNSF’s credit rating, if the instruments are in a net
liability position. If the applicable credit rating should fall below Ba3 (Moody’s) or BB- (S&P),
the threshold would be eliminated and collateral would be required for the entire fair value
amount. All cash collateral paid is held on deposit by the payee and earns interest to the benefit
of the payor based on the London Interbank Offered Rate (LIBOR). The aggregate fair value of all
open fuel-derivative instruments under these provisions was in a net liability position on June 30,
2011 and December 31, 2010, of $1 million and $4 million, respectively. The fair value positions at
both June 30, 2011, and December 31, 2010 were below the collateral threshold; therefore, there was
no posted collateral outstanding at either date.
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="center" style="font-size: 10pt; margin-top: 0pt">
<b>
</b>
</div>
<div align="center" style="font-size: 10pt; margin-top: 0pt">
<b>
</b>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 6pt">     The amounts recorded in the Consolidated Balance Sheets for derivative transactions were as
follows, presented net of any master netting arrangements (in millions):
</div>
<div align="left">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="80%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="76%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 1px">
<td style="border-top: 1px solid #000000">
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td style="border-top: 1px solid #000000"> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td style="border-top: 1px solid #000000"> </td>
<td style="border-top: 1px solid #000000"> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td style="border-top: 1px solid #000000"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>Successor</b></td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>June 30,</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>December 31,</b></td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2011</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2010</b></td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Short-term derivative asset
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">75</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">69</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Long-term derivative asset
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">17</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Short-term derivative liability
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(4</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td colspan="5" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000; border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Total derivatives
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">74</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">82</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="2" style="border-top: 1px solid #000000">
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="center" style="font-size: 10pt; margin-top: 0pt">
<b>
</b>
</div>
<div align="center" style="font-size: 10pt; margin-top: 0pt">
<b>
</b>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 6pt">     The tables below contain summaries of all derivative positions reported in the Consolidated
Financial Statements, presented gross of any master netting arrangements (in millions):
</div>
<div align="left">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="90%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="64%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 1px" valign="bottom">
<td nowrap="nowrap" align="center" colspan="13" style="border-bottom: 1px solid #000000"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="center" colspan="13" style="border-bottom: 1px solid #000000"><b>Fair Value of Derivative Instruments</b></td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="center" colspan="13" style="border-bottom: 1px solid #000000"><b>Asset Derivatives</b></td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>Successor</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>June 30,</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>December 31,</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Balance Sheet</b></td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2011</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2010</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>Location</b></td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:0px; text-indent:-0px"><b>Asset derivatives designated as <br />
hedging instruments under ASC 815-20</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:0px; text-indent:-0px">Fuel contracts
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">70</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">60</td>
<td> </td>
<td> </td>
<td colspan="3" align="left" nowrap="nowrap">Other current assets</td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:0px; text-indent:-0px">Fuel contracts
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">17</td>
<td> </td>
<td> </td>
<td colspan="3" align="left">Other assets</td>
</tr>
<tr style="font-size: 1px">
<td colspan="5" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000; border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:0px; text-indent:-0px">Total asset derivatives designated
as<br /> hedging instruments under ASC
815-20
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">70</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">77</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="5" align="left" style="border-top: 1px solid #000000">   </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000; border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:0px; text-indent:-0px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:0px; text-indent:-0px"><b>Asset derivatives not designated as <br />
hedging instruments under ASC
815-20</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:0px; text-indent:-0px">Fuel contracts
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">5</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">10</td>
<td> </td>
<td> </td>
<td colspan="3" align="left">Other current assets</td>
</tr>
<tr style="font-size: 1px">
<td colspan="5" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000; border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:0px; text-indent:-0px">Total asset derivatives not
designated as<br /> hedging instruments
under ASC 815-20
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">5</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">10</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="5" align="left" style="border-top: 1px solid #000000">   </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000; border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:0px; text-indent:-0px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:0px; text-indent:-0px">Total asset derivatives
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">75</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">87</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="2" style="border-top: 1px solid #000000">
<div style="margin-left:0px; text-indent:-0px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="center" colspan="12" style="border-bottom: 1px solid #000000"><b>Liability Derivatives</b></td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>Successor</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>June 30,</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>December 31,</b></td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="3"><b>Balance Sheet</b></td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom:1px solid #000000"><b>2011</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom:1px solid #000000"><b>2010</b></td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="3" style="border-bottom:1px solid #000000"><b>Location</b></td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:0px; text-indent:-0px"><b>Liability derivatives
designated as<br /> hedging
instruments under ASC
815-20</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:0px; text-indent:-0px">Fuel contracts
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">1</td>
<td> </td>
<td> </td>
<td colspan="3" align="left" nowrap="nowrap">Other current assets</td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:0px; text-indent:-0px">Fuel contracts
</div></td>
<td> </td>
<td> </td>
<td align="right">1</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4</td>
<td> </td>
<td> </td>
<td colspan="3" align="left" nowrap="nowrap">Accounts payable and other <br />   current liabilities</td>
</tr>
<tr style="font-size: 1px">
<td colspan="5" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000; border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:0px; text-indent:-0px">Total liability
derivatives designated as<br />
hedging instruments under
ASC 815-20
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">1</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">5</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="5" align="left" style="border-top: 1px solid #000000">   </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000; border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:0px; text-indent:-0px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:0px; text-indent:-0px">Total liability derivatives
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">1</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">5</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="5" align="left" style="border-top: 1px solid #000000">   </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000; border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="center" style="font-size: 10pt; margin-top: 0pt">
<b>
</b>
</div>
<div align="center" style="font-size: 10pt; margin-top: 0pt">
<b>
</b>
</div>
<div align="center" style="font-size: 10pt; margin-top: 18pt"><b>The Effects of Derivative Instruments Gains and Losses<br />
for the Three Month Periods Ended June 30, 2011 and 2010</b><br />
<div style="width: 100%; border-bottom: 1px solid #000000; font-size: 1px"> 
</div>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 6pt"><u>Derivatives in ASC 815-20 Cash Flow Hedging Relationships</u>
<div style="width: 100%; border-bottom: 1px solid #000000; font-size: 1px;margin-top:6pt"> 
</div>
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom" style="font-size:1px">
<td width="64%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6"><b>Amount of Gain or (Loss) Recognized in Other</b></td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6"><b>Comprehensive Income (OCI) on Derivatives</b></td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>(Effective Portion)</b></td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>Successor</b></td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2011</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2010</b></td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom">
<td>Fuel Contracts</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(35</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(58</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td colspan="9" align="left" style="border-top: 1px solid #000000">   </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000; border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Total derivatives
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(35</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(58</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td colspan="6" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000; border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000; border-top: 1px solid #000000"> </td>
</tr>
<tr>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6"><b>Amount of Gain or (Loss) Recognized from</b></td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>AOCI into Income (Effective Portion)</b></td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 0px solid #000000"><b>Location of Gain or (Loss) Recognized</b></td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>Successor</b></td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>from AOCI into Income</b></td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2011</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2010</b></td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Fuel Contracts
</div></td>
<td> </td>
<td colspan="3" align="left">Fuel expense</td>
<td> </td>
<td align="left">$</td>
<td align="right">32</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">7</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="9" align="left" style="border-top: 1px solid #000000"> 
 </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000; border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Total derivatives
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">32</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">7</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="6" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000; border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000; border-top: 1px solid #000000"> </td>
</tr>
<tr>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6"><b>Amount of Gain or (Loss) Recognized in</b></td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6"><b>Income on Derivatives (Ineffective Portion and</b></td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>Amount Excluded from Effectiveness Testing)</b><sup style="font-size: 85%; vertical-align: text-top"><b>a</b></sup></td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 0px solid #000000"><b>Location of Gain or (Loss) Recognized</b></td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>Successor</b></td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>in Income on Derivatives</b></td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2011</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2010</b></td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Fuel Contracts
</div></td>
<td> </td>
<td colspan="3" align="left">Fuel expense</td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(3</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(7</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td colspan="9" align="left" style="border-top: 1px solid #000000">   </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000; border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Total derivatives
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(3</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(7</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td colspan="6" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000; border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000; border-top: 1px solid #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="left">
<div style="font-size: 3pt; margin-top: 3pt; width: 18%; border-top: 0px solid #000000"> 
</div>
</div>
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left">
<tr>
<td width="3%"></td>
<td width="1%"></td>
<td width="96%"></td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">a</td>
<td> </td>
<td>No portion of the gain or (loss) was excluded from the assessment of hedge
effectiveness for the periods then ended.</td>
</tr>
</table>
<div align="justify" style="font-size: 10pt; margin-top: 18pt"><u>Derivatives Not Designated as Hedging Instruments under ASC 815-20</u>
</div>
<div style="width: 100%; border-bottom: 1px solid #000000; font-size: 1px; margin-top: 6pt"> 
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom" style="font-size: 1px">
<td width="64%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6"><b>Amount of Gain or (Loss) Recognized in</b></td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>Income on Derivatives</b></td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 0px solid #000000"><b>Location of Gain or (Loss) Recognized</b></td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>Successor</b></td>
<td> </td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>in Income on Derivatives</b></td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2011</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2010</b></td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Fuel Contracts
</div></td>
<td> </td>
<td colspan="3" align="left">Fuel expense</td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(6</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(12</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td colspan="9" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000; border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Total derivatives
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(6</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(12</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td colspan="5" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000; border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000; border-top: 1px solid #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="center" style="font-size: 10pt; margin-top: 0pt">
<b>
</b>
</div>
<div align="center" style="font-size: 10pt; margin-top: 0pt">
<b>
</b>
</div>
<div align="center" style="font-size: 10pt; margin-top: 6pt"><b>The Effects of Derivative Instruments Gains and Losses<br />
for the Six Months Ended June 30, 2011 (Successor) and for the Periods<br />
February 13 — June 30, 2010 (Successor) and January 1 — February 12, 2010 (Predecessor)</b><br />
<div style="width: 100%; border-bottom: 1px solid #000000; font-size: 1px"> 
</div>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 6pt">   <u>Derivatives in ASC 815-20 Cash Flow Hedging Relationships</u>
</div>
<div style="width: 100%; border-bottom: 1px solid #000000; font-size: 1px; margin-top: 3pt"> 
</div>
<div align="left">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom" style="font-size: 1px">
<td width="53%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="1%"> </td><!-- VRule -->
<td width="2%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="11"><b>Amount of Gain or (Loss) Recognized in OCI on Derivatives</b></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="11" style="border-bottom: 1px solid #000000"><b>(Effective Portion)</b></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="7" style="border-bottom: 1px solid #000000;border-right: 1px solid #000000"><b>Successor</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>Predecessor</b></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Six Months</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>February 13</b></td>
<td style="border-right: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>January 1</b></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Ended</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>June 30,</b></td>
<td style="border-right: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>February 12,</b></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>June 30, 2011</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="3" style="border-bottom: 1px solid #000000;border-right: 1px solid #000000"><b>2010</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2010</b></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Fuel Contracts
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">55</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">10</td>
<td> </td>
<td style="border-right: 1px solid #000000"> </td>
<td nowrap="nowrap" align="left">$</td>
<td> </td>
<td align="right">(79</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td colspan="5" align="left" style="border-top: 1px solid #000000">     </td>
<td> </td>
<td> </td>
<td colspan="3" align="left" style="border-top: 1px solid #000000;border-right: 1px solid #000000">     </td>
<td> </td>
<td> </td>
<td colspan="2" align="left" style="border-top: 1px solid #000000">     </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Total derivatives
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">55</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">10</td>
<td> </td>
<td style="border-right: 1px solid #000000"> </td>
<td nowrap="nowrap" align="left">$</td>
<td> </td>
<td align="right">(79</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td colspan="5" align="left" style="border-top: 1px solid #000000">   </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="3" align="right" style="border-top: 1px solid #000000; border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000; border-top: 1px solid #000000"> </td>
</tr>
<tr>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="11"><b>Amount of Gain or (Loss) Recognized from AOCI into Income</b></td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="11" style="border-bottom: 1px solid #000000"><b>(Effective Portion)</b></td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="7" style="border-bottom: 1px solid #000000;border-right: 1px solid #000000"><b>Successor</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>Predecessor</b></td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Location of Gain or</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Six Months</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>February 13</b></td>
<td style="border-right: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>January 1</b></td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>(Loss) Recognized from</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Ended</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>June 30,</b></td>
<td style="border-right: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>February 12,</b></td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>AOCI into Income</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>June 30, 2011</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="3" style="border-bottom: 1px solid #000000;border-right: 1px solid #000000"><b>2010</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2010</b></td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Fuel Contracts
</div></td>
<td> </td>
<td> </td>
<td colspan="2" align="left">Fuel expense</td>
<td> </td>
<td align="left">$</td>
<td align="right">57</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">14</td>
<td> </td>
<td style="border-right: 1px solid #000000"> </td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(6</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td colspan="9" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="3" align="right" style="border-top: 1px solid #000000; border-top: 1px solid #000000;border-right: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000; border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Total derivatives
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">57</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">14</td>
<td> </td>
<td style="border-right: 1px solid #000000"> </td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(6</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td colspan="5" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000; border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="3" align="right" style="border-top: 1px solid #000000; border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000; border-top: 1px solid #000000"> </td>
</tr>
<tr>
<td colspan="18">
<div style="width: 100%; border-bottom: 1px solid #000000; font-size: 1px; margin-top: 6pt"> 
</div></td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="11"><b>Amount of Gain or (Loss) Recognized in Income on Derivatives</b></td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="11"><b>(Ineffective Portion and Amount Excluded from</b></td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="11" style="border-bottom: 1px solid #000000"><b>Effectiveness Testing)</b><sup style="font-size: 85%; vertical-align: text-top"><b>a</b></sup></td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="7" style="border-bottom: 1px solid #000000;border-right: 1px solid #000000"><b>Successor</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>Predecessor</b></td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Location of Gain or</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Six Months</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>February 13</b></td>
<td style="border-right: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>January 1</b></td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>(Loss) Recognized in</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Ended</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="3" style="border-right: 1px solid #000000"><b>June 30,</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>February 12,</b></td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>Income on Derivatives</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>June 30, 2011</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="3" style="border-bottom: 1px solid #000000;border-right: 1px solid #000000"><b>2010</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2010</b></td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Fuel Contracts
</div></td>
<td> </td>
<td> </td>
<td colspan="2" align="left">Fuel expense</td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(9</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td align="left">$</td>
<td align="right">1</td>
<td> </td>
<td style="border-right: 1px solid #000000"> </td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(7</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td colspan="9" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="3" align="right" style="border-top: 1px solid #000000; border-top: 1px solid #000000;border-right: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000; border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Total derivatives
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(9</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td align="left">$</td>
<td align="right">1</td>
<td> </td>
<td style="border-right: 1px solid #000000"> </td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(7</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td colspan="5" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000; border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="3" align="right" style="border-top: 1px solid #000000; border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000; border-top: 1px solid #000000"> </td>
</tr>
<tr style="font-size:1px">
<td> </td>
</tr>
<tr>
<td colspan="17">a  No portion of the gain or (loss) was excluded from the assessment of hedge
effectiveness for the periods then ended.
<div align="justify" style="font-size: 10pt; margin-top: 18pt"><u>Derivatives Not Designated as Hedging Instruments under ASC 815-20</u>
</div>
<div style="width: 100%; border-bottom: 1px solid #000000; font-size: 1px; margin-top: 3pt"> 
</div>
</td>
</tr>
<tr style="font-size: 1px">
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="11" style="border-bottom: 1px solid #000000"><b>Amount of Gain or (Loss) Recognized in Income on Derivatives</b></td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="7" style="border-bottom: 1px solid #000000;border-right: 1px solid #000000"><b>Successor</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>Predecessor</b></td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Location of Gain or</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Six Months</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="3" style="border-right: 1px solid #000000"><b>February 13</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>January 1</b></td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>(Loss) Recognized in</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Ended</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="3" style="border-right: 1px solid #000000"><b>June 30,</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>February 12,</b></td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>Income on Derivatives</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>June 30, 2011</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="3" style="border-bottom: 1px solid #000000;border-right: 1px solid #000000"><b>2010</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2010</b></td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Fuel Contracts
</div></td>
<td> </td>
<td> </td>
<td colspan="2" align="left">Fuel expense</td>
<td> </td>
<td align="left">$</td>
<td align="right">3</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">1</td>
<td> </td>
<td style="border-right: 1px solid #000000"> </td>
<td> </td>
<td align="left">$</td>
<td align="right">—</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="9" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="3" align="right" style="border-top: 1px solid #000000; border-top: 1px solid #000000;border-right: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000; border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Total derivatives
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">3</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">1</td>
<td> </td>
<td style="border-right: 1px solid #000000"> </td>
<td> </td>
<td align="left">$</td>
<td align="right">—</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="5" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000; border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="3" align="right" style="border-top: 1px solid #000000; border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000; border-top: 1px solid #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 6pt">     As of June 30, 2011, the Company estimates that within the next twelve months approximately
$65 million in pre-tax hedge instrument gains will be reclassified from accumulated other
comprehensive income into earnings.
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="center" style="font-size: 10pt; margin-top: 0pt">
<b>
</b>
</div>
<div align="center" style="font-size: 10pt; margin-top: 0pt">
<b>
</b>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 6pt">          The Company utilizes a market approach using the forward commodity price for the periods
hedged to value its fuel-derivative swaps and costless collars. As such, the fair values of these
instruments are classified as Level 2 valuations under authoritative accounting guidance related to
fair value measurements.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 6pt">          Additional disclosure related to derivative instruments is included in Note 10 to the
Consolidated Financial Statements.
</div>
</div>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" -->
<!-- Begin Block Tagged Note 3 - us-gaap:LoansNotesTradeAndOtherReceivablesDisclosureTextBlock-->
<div style="font-family: 'Times New Roman',Times,serif">
<div style="margin-top: 6pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left">
<tr valign="top" style="font-size: 10pt; color: #000000; background: transparent">
<td width="2%" nowrap="nowrap" align="left"><b>3.</b></td>
<td width="1%"> </td>
<td><b>Accounts Receivable, Net</b></td>
</tr>
</table>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 6pt">          Accounts receivable, net consists of freight and other receivables, including receivables
transferred to the accounts receivable securitization program master trust (discussed below),
reduced by an allowance for bill adjustments and uncollectible accounts, based upon expected
collectibility. At June 30, 2011, and December 31, 2010, $28 million and $27 million, respectively,
of such allowances had been recorded.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 6pt">          At June 30, 2011, and December 31, 2010, $27 million and $22 million, respectively, of
accounts receivable were greater than 90 days old.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 6pt"><u><b>Accounts Receivable Securitization Program</b></u>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 6pt">          BNSF Railway may transfer a portion of its accounts receivable to a wholly-owned subsidiary,
Santa Fe Receivables Corporation (SFRC). SFRC transfers an undivided interest in such receivables,
with limited exceptions, to a master trust and causes the trust to issue an undivided interest in
the receivables to investors (the A/R securitization program). The undivided interests in the
master trust purchased by investors may be in the form of certificates or purchased interests. BNSF
Railway retains the collection responsibility with respect to the accounts receivable transferred.
The investors in the master trust have no recourse to BNSF Railway’s other assets except for
customary warranty and indemnity claims. Creditors of BNSF Railway have no recourse to the assets
of the master trust or SFRC until after the creditors have been paid and SFRC and the master trust
have been terminated.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 6pt">          BNSF Railway’s total capacity to sell undivided interests to investors under the A/R
securitization program was $200 million at June 30, 2011, which was comprised of two $100 million
facilities which were entered into in November 2010 and terminate in November 2011. Each of the
financial institutions providing credit for the facilities is rated Aa2/A+ or higher. The amount of
undivided interests in the accounts receivable sold by BNSF Railway to investors fluctuates based
on borrowing needs. Additionally, if the combined dilution and delinquency percentages exceed an
established threshold, there would be an impact on the amount of undivided interest that BNSF
Railway could sell. At June 30, 2011, the effective capacity under the A/R securitization program
was $200 million.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 6pt">          The A/R securitization program master trust is considered a variable interest entity (VIE) as
it does not retain sufficient equity to finance its activities without the support of BNSF Railway.
BNSF Railway has a variable interest in the master trust as it absorbs any losses related to the
receivables transferred in the event of default. BNSF Railway is the primary beneficiary of the VIE
as it (1) directs the amount of undivided interest in receivables sold to investors by the master
trust, and thus holds the power to direct the activities of the master trust that most
significantly impact performance and (2) has the obligation to absorb the losses in the event of
defaulted receivables, which could potentially be significant to the master trust. As the primary
beneficiary of the master trust, BNSF Railway fully consolidates the master trust.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 6pt">          As of June 30, 2011 and December 31, 2010, there were no outstanding undivided interests held
by investors under the A/R securitization program; thus, no asset or related liability was recorded
in the Company’s Consolidated Balance Sheets. Additionally, during the six months ended June 30,
2011 (Successor), and the periods February 13 — June 30, 2010 (Successor) and January 1 —
February 12, 2010 (Predecessor), there were no cash flow activities related to the A/R
securitization program.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 6pt">          BNSF Railway does not provide financial support to the master trust that it was not previously
contractually obligated to provide.
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="center" style="font-size: 10pt; margin-top: 0pt">
<b>
</b>
</div>
<div align="center" style="font-size: 10pt; margin-top: 0pt">
<b>
</b>
</div>
</div>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" -->
<!-- Begin Block Tagged Note 4 - bni:OtherIntangibleAssetsAndLiabilitiesTextBlock-->
<div style="font-family: 'Times New Roman',Times,serif">
<div style="margin-top: 6pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left">
<tr valign="top" style="font-size: 10pt; color: #000000; background: transparent">
<td width="2%" nowrap="nowrap" align="left"><b>4.</b></td>
<td width="1%"> </td>
<td><b>Other Intangible Assets and Liabilities</b></td>
</tr>
</table>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 6pt">          Amortized intangible assets and liabilities were as follows (in millions):
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="52%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="15" style="border-bottom: 1px solid #000000"><b>Successor</b></td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>As of June 30, 2011</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="7" style="border-bottom: 1px solid #000000"><b>As of December 31, 2010</b></td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Gross Carrying</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Accumulated</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Gross Carrying</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="3"><b>Accumulated</b></td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>Amount</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>Amortization</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>Amount</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="3" style="border-bottom: 1px solid #000000"><b>Amortization</b></td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom">
<td width="52%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Amortized intangible assets
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">2,013</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">438</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">2,013</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">281</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Amortized intangible liabilities
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">2,056</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">413</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">2,056</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">266</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 6pt">          Amortized intangible assets primarily consisted of internally developed software and franchise
& customer assets. Amortized intangible liabilities primarily consisted of customer and shortline
contracts which were in an unfavorable position at the date of Merger.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 6pt">          Amortized intangible assets and liabilities are amortized based on the estimated pattern in
which the economic benefits are expected to be consumed or on a straight-line basis over their
estimated economic lives.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 6pt">          Amortization of intangible assets and liabilities was as follows (in millions):
</div>
<div align="left">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="80%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="67%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="2%"> </td><!-- VRule -->
<td width="1%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="9" align="left" style="border-top: 1px solid #000000"> </td>
<td align="left" style="border-top: 1px solid #000000; border-left: 1px solid #000000"> </td>
<td align="left" style="border-top: 1px solid #000000"> </td>
<td colspan="3" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="7" style="border-bottom: 1px solid #000000"><b>Successor</b></td>
<td style=" border-left: 1px solid #000000"> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>Predecessor</b></td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>February 13 —</b></td>
<td> </td>
<td style=" border-left: 1px solid #000000"> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>January 1 —</b></td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Six Months Ended</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b> June 30,</b></td>
<td style=" border-right: 0px solid #000000"> </td>
<td style=" border-left: 1px solid #000000"> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>February 12,</b></td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>June 30, 2011</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2010</b></td>
<td style="border-bottom: 1px solid #000000; border-right: 0px solid #000000"> </td>
<td style=" border-left: 1px solid #000000"> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2010</b></td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Amortization of intangible assets
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">157</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">127</td>
<td> </td>
<td style="border-left: 1px solid #000000"> </td>
<td> </td>
<td align="left">$</td>
<td align="right">—</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Amortization of intangible liabilities
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">147</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">115</td>
<td> </td>
<td style="border-left: 1px solid #000000"> </td>
<td> </td>
<td align="left">$</td>
<td align="right">—</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="9" align="left" style="border-bottom: 1px solid #000000"> </td>
<td align="left" style="border-bottom: 1px solid #000000; border-left: 1px solid #000000"> </td>
<td align="left" style="border-bottom: 1px solid #000000"> </td>
<td colspan="3" align="left" style="border-bottom: 1px solid #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 6pt">          Amortization of intangible assets and liabilities for the next five years is expected to
approximate the following (in millions):
</div>
<div align="left">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="60%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="76%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 1px">
<td style="border-top: 1px solid #000000">
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td nowrap="nowrap" colspan="8" align="right" style="border-top: 1px solid #000000"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Amortization of</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Amortization of</b></td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>intangible assets</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>intangible liabilities</b></td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Remainder of 2011
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">155</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">146</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">2012
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">306</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">282</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">2013
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">306</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">252</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">2014
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">306</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">179</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">2015
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">54</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">115</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td style="border-top: 1px solid #000000">
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td nowrap="nowrap" colspan="8" align="right" style="border-top: 1px solid #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
</div>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" -->
<!-- Begin Block Tagged Note 5 - us-gaap:ScheduleOfOtherAssetsNoncurrentTextBlock-->
<div style="font-family: 'Times New Roman',Times,serif">
<div style="margin-top: 6pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left">
<tr valign="top" style="font-size: 10pt; color: #000000; background: transparent">
<td width="2%" nowrap="nowrap" align="left"><b>5.</b></td>
<td width="1%"> </td>
<td><b>Other Assets</b></td>
</tr>
</table>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 6pt">          In July 2010, the Company entered into a low-income housing partnership (the Partnership)
as the limited partner, holding a 99.9% interest in the Partnership. The Partnership is a VIE, with
the purpose of developing and operating low-income housing rental properties. Recovery of the
Company’s investment is accomplished through the utilization of low-income housing tax credits and
the tax benefits of Partnership losses. The general partner, who holds a 0.1% interest in the
Partnership, is an unrelated third party and is responsible for controlling and managing the
business and financial operation of the Partnership. As the Company does not have the power to
direct the activities that most significantly impact the Partnership’s economic performance, the
Company is not the primary beneficiary and therefore, does not consolidate the Partnership. As of
June 30, 2011, the assets of the unconsolidated Partnership totaled approximately $569 million. The
Company does not provide financial support to the Partnership that it was not previously
contractually obligated to provide.
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="center" style="font-size: 10pt; margin-top: 0pt">
<b>
</b>
</div>
<div align="center" style="font-size: 10pt; margin-top: 0pt">
<b>
</b>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 6pt">          The Company has accounted for its investment in the Partnership using the effective yield
method. The risk of loss of the Company’s investment in the Partnership is considered low as an
affiliate of the general partner has provided certain guarantees of tax credits and minimum annual
returns. The Company’s maximum exposure to loss related to the Partnership is the unamortized
investment balance. The following table provides information as of June 30, 2011 (in millions):
</div>
<div align="left">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="60%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="20%"> </td>
<td width="5%"> </td>
<td width="2%"> </td>
<td width="7%"> </td>
<td width="2%"> </td>
<td width="5%"> </td>
<td width="2%"> </td>
<td width="20%"> </td>
<td width="2%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="center"><b>Unamortized</b></td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Remaining commitments</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"> </td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="center"><b>investment balance</b></td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>classified as Other</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Maximum</b></td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="center" style="border-bottom: 1px solid #000000"><b>classified as Other Assets</b></td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>Liabilities</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>exposure to loss</b></td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">$               532
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">148</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">532</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td style="border-top: 1px solid #000000">
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td nowrap="nowrap" colspan="8" align="right" style="border-top: 1px solid #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 6pt">          Of the remaining commitments, $130 million is due at the end of 2012 and $18 million is due at
the end of 2013.
</div>
</div>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" -->
<!-- Begin Block Tagged Note 6 - us-gaap:DebtDisclosureTextBlock-->
<div style="font-family: 'Times New Roman',Times,serif">
<div style="margin-top: 6pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left">
<tr valign="top" style="font-size: 10pt; color: #000000; background: transparent">
<td width="2%" nowrap="nowrap" align="left"><b>6.</b></td>
<td width="1%"> </td>
<td><b>Debt</b></td>
</tr>
</table>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 6pt"><u><b>Revolving Credit Facility and Commercial Paper</b></u>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 6pt">          As of June 30, 2011, the Company had borrowing capacity of up to $1.2 billion under its
long-term revolving bank credit facility, which expires in September 2012. Annual facility fees are
currently 0.07 percent for the facility. The rate is subject to change based upon changes in BNSF’s
senior unsecured debt ratings. Borrowing rates are based upon (i) LIBOR plus a spread determined by
BNSF’s senior unsecured debt ratings, (ii) money market rates offered at the option of the lenders,
or (iii) an alternate base rate. BNSF must maintain compliance with certain financial covenants
under its revolving bank credit facility. At June 30, 2011, the Company was in compliance with
these covenants.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 6pt">          At June 30, 2011, there were no borrowings under the revolving credit facility.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 6pt">          BNSF issues commercial paper from time to time. Outstanding commercial paper reduces the
amount of borrowing capacity available under the revolving bank credit facility. The classification
of commercial paper is determined by the Company’s ability and intent to use long-term or
short-term funding sources to settle the obligations at maturity.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 6pt">          There was no commercial paper outstanding at June 30, 2011, or December 31, 2010; therefore,
the total borrowing capacity available under the revolving bank credit facility was $1.2 billion.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 6pt"><u><b>Notes and Debentures</b></u>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 6pt">          In May 2011, BNSF issued $250 million of 4.10 percent debentures due June 1, 2021 and $500
million of 5.40 percent debentures due June 1, 2041. The net proceeds from the sale of the
debentures will be used for general corporate purposes, which may include but are not limited to
working capital, capital expenditures and repayment of outstanding indebtedness.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 6pt">          In March 2011, the Board of Managers (the Board) of the Company authorized an additional $1.5
billion of debt securities that may be issued pursuant to the debt shelf registration statement
filed with the Securities and Exchange Commission (SEC). At June 30, 2011, $1.5 billion remained
authorized by the Board to be issued through the SEC debt shelf registration process.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 6pt"><u><b>Fair Value of Debt Instruments</b></u>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 6pt">          At June 30, 2011, and December 31, 2010, the fair value of BNSF’s debt, excluding capital
leases and unamortized gains on interest rate swaps, was $11,538 million and $10,761 million,
respectively, while the book value, which also excludes capital leases and the associated
unamortized fair value adjustment under acquisition method accounting related to capital leases and
unamortized gains on interest rate swaps, was $11,098 million and $10,446 million, respectively.
The fair value of BNSF’s debt is primarily based on quoted market prices for the same or similar
issues, or on the current rates that would be offered to BNSF for debt of the same remaining
maturities.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 6pt"><u><b>Guarantees</b></u>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 6pt">          As of June 30, 2011, BNSF Railway has not been called upon to perform under the guarantees
specifically disclosed in this footnote and does not anticipate a significant performance risk in
the foreseeable future.
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="center" style="font-size: 10pt; margin-top: 0pt">
<b>
</b>
</div>
<div align="center" style="font-size: 10pt; margin-top: 0pt">
<b>
</b>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 6pt">          Debt and other obligations of non-consolidated entities guaranteed by the Company as of June
30, 2011, were as follows (dollars in millions):
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="top">
<td width="48%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 1px">
<td nowrap="nowrap" colspan="25" align="right" style="border-top: 1px solid #000000"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="18" style="border-bottom: 1px solid #000000"><b>Guarantees</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"> </td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>BNSF</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>Principal</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>Maximum</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>Maximum</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>Remaining</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"> </td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>Ownership</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>Amount </b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>Future </b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>Recourse</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b> Term</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>Capitalized</b></td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>Percentage</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>Guaranteed</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>Payments</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>Amount</b><sup style="font-size: 85%; vertical-align: text-top"><b>a</b></sup></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>(in years)</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>Obligations</b></td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Kinder Morgan Energy Partners, L.P.
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">0.5</td>
<td nowrap="nowrap">%</td>
<td> </td>
<td align="left">$</td>
<td align="right">190</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">190</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td nowrap="nowrap" align="right"><i>—</i></td>
<td> </td>
<td> </td>
<td colspan="2" align="right">Termination of Ownership</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">2</td>
<td nowrap="nowrap"> <sup style="font-size: 85%; vertical-align: text-top">b</sup></td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Chevron Phillips
Chemical Company, LP
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">0.0</td>
<td nowrap="nowrap">%</td>
<td> </td>
<td colspan="2" nowrap="nowrap" align="right">N/A<sup style="font-size: 85%; vertical-align: text-top">d</sup></td>
<td> </td>
<td> </td>
<td colspan="2" nowrap="nowrap" align="right">N/A<sup style="font-size: 85%; vertical-align: text-top">d</sup></td>
<td> </td>
<td> </td>
<td colspan="2" nowrap="nowrap" align="right">N/A<sup style="font-size: 85%; vertical-align: text-top">d</sup></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">6</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">10</td>
<td nowrap="nowrap"> <sup style="font-size: 85%; vertical-align: text-top">c</sup></td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">All other
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">0.0</td>
<td nowrap="nowrap">%</td>
<td> </td>
<td align="left">$</td>
<td align="right">1</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">1</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td nowrap="nowrap" align="right"><i>—</i></td>
<td> </td>
<td> </td>
<td colspan="2" align="right">Various</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td nowrap="nowrap" align="right"><i>—</i></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td nowrap="nowrap" colspan="25" align="right" style="border-top: 1px solid #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left">
<tr>
<td width="100%"></td>
</tr>
<tr valign="top">
<td>a Reflects the maximum amount the Company could recover from a third party other than the counterparty.</td>
</tr>
<tr style="font-size: 0pt">
<td> </td>
</tr>
<tr valign="top">
<td>b Reflects capitalized obligations that are recorded on the Company’s Consolidated Balance Sheet.</td>
</tr>
<tr style="font-size: 0pt">
<td> </td>
</tr>
<tr valign="top">
<td>c Reflects the asset and corresponding liability for the fair value of these guarantees required by authoritative accounting guidance related to guarantees.</td>
</tr>
<tr style="font-size: 0pt">
<td> </td>
</tr>
<tr valign="top">
<td>d There is no cap to the liability that can be sought from BNSF for BNSF’s negligence or the negligence of the indemnified party. However, BNSF could receive reimbursement from certain insurance policies if the
liability exceeds a certain amount.</td>
</tr>
</table>
<div align="left" style="font-size: 10pt; margin-top: 12pt">   <b><i>Kinder Morgan Energy Partners, L.P.</i></b>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 6pt">          Santa Fe Pacific Pipelines, Inc., an indirect, wholly-owned subsidiary of BNSF Railway, has a
guarantee in connection with its remaining special limited partnership interest in Santa Fe Pacific
Pipeline Partners, L.P. (SFPP), a subsidiary of Kinder Morgan Energy Partners, L.P., to be paid
only upon default by the partnership. All obligations with respect to the guarantee will cease upon
termination of ownership rights, which would occur upon a put notice issued by BNSF or the exercise
of the call rights by the general partners of SFPP.
</div>
<div align="left" style="font-size: 10pt; margin-top: 12pt">   <b><i>Chevron Phillips Chemical Company, LP</i></b>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 6pt">          In the third quarter of 2007, BNSF Railway entered into an indemnity agreement with Chevron
Phillips Chemical Company, LP (Chevron Phillips), granting certain rights of indemnity from BNSF
Railway, in order to facilitate access to a new storage facility. Under certain circumstances,
payment under this obligation may be required in the event Chevron Phillips were to incur certain
liabilities or other incremental costs resulting from trackage access.
</div>
<div align="left" style="font-size: 10pt; margin-top: 12pt">   <b><i>All Other</i></b>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 6pt">          As of June 30, 2011, BNSF guaranteed $1 million of other leases. These guarantees expire
between 2011 and 2013.
</div>
<div align="left" style="font-size: 10pt; margin-top: 12pt">   <b><i>Indemnities</i></b>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 6pt">          In the ordinary course of business, BNSF enters into agreements with third parties that
include indemnification clauses. The Company believes that these clauses are generally customary
for the types of agreements in which they are included. At times, these clauses may involve
indemnification for the acts of the Company, its employees and agents, indemnification for another
party’s acts, indemnification for future events, indemnification based upon a certain standard of
performance, indemnification for liabilities arising out of the Company’s use of leased equipment
or other property, or other types of indemnification. Despite the uncertainty whether events which
would trigger the indemnification obligations would ever occur, the Company does not believe that
these indemnity agreements will have a material adverse effect on the Company’s results of
operations, financial position or liquidity. Additionally, the Company believes that, due to lack
of historical payment experience, the fair value of indemnities cannot be estimated with any amount
of certainty. However, the fair value of any such amount would be immaterial to the Consolidated
Financial Statements. Agreements that contain unique circumstances, particularly agreements that
contain guarantees that indemnify for another party’s acts, are disclosed separately, if
appropriate. Unless separately disclosed above, no fair value liability related to indemnities has
been recorded in the Consolidated Financial Statements.
</div>
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<div style="font-family: 'Times New Roman',Times,serif">
<div align="center" style="font-size: 10pt; margin-top: 0pt">
<b>
</b>
</div>
<div align="center" style="font-size: 10pt; margin-top: 0pt">
<b>
</b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 12pt"><u><b>Variable Interest Entities — Leases</b></u>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 6pt">          BNSF Railway has entered into various equipment lease transactions in which the structure of
the lease contains VIEs. These VIEs were created solely for the lease transactions and have no
other activities, assets or liabilities outside of the lease transactions. In some of the
arrangements, BNSF Railway has the option to purchase some or all of the equipment at a
fixed-price, thereby creating variable interests for BNSF Railway in the VIEs. The future minimum
lease payments associated with the VIE leases were approximately $5 billion as of June 30, 2011.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 6pt">          In the event the leased equipment is destroyed, BNSF Railway is obligated to either replace
the equipment or pay a fixed loss amount. The inclusion of the fixed loss amount is a standard
clause within equipment lease arrangements. Historically, BNSF Railway has not incurred significant
losses related to this clause. As such, it is not anticipated that the maximum exposure to loss
would materially differ from the future minimum lease payments.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 6pt">          BNSF Railway does not provide financial support to the VIEs that it was not previously
contractually obligated to provide.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 6pt">          BNSF Railway maintains and operates the equipment based on contractual obligations within the
lease arrangements, which set specific guidelines consistent within the industry. As such, BNSF has
no control over activities that could materially impact the fair value of the leased equipment.
BNSF Railway does not hold the power to direct the activities of the VIEs and therefore does not
control the ongoing activities that have a significant impact on the economic performance of the
VIEs. Additionally, BNSF Railway does not have the obligation to absorb losses of the VIEs or the
right to receive benefits of the VIEs that could potentially be significant to the VIEs. Depending
on market conditions, the fixed-price purchase options could potentially provide benefit to the
Company; however, any benefits potentially received from a fixed-price purchase option are expected
to be minimal. Based on these factors, BNSF Railway is not the primary beneficiary of the VIEs. As
BNSF Railway is not the primary beneficiary and the VIE leases are classified as operating leases,
there are no assets or liabilities related to the VIEs recorded in the Company’s Consolidated
Balance Sheet.
</div>
</div>
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<div style="font-family: 'Times New Roman',Times,serif">
<div style="margin-top: 6pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left">
<tr valign="top" style="font-size: 10pt; color: #000000; background: transparent">
<td width="2%" nowrap="nowrap" align="left"><b>7.</b></td>
<td width="1%"> </td>
<td><b>Commitments and Contingencies</b></td>
</tr>
</table>
</div>
<div align="left" style="font-size: 10pt; margin-top: 12pt"><u><b>Personal Injury </b></u>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 6pt">          Personal injury claims, including asbestos claims and employee work-related injuries and
third-party injuries (collectively, other personal injury), are a significant expense for the
railroad industry. Personal injury claims by BNSF Railway employees are subject to the provisions
of the Federal Employers’ Liability Act (FELA) rather than state workers’ compensation laws. FELA’s
system of requiring the finding of fault, coupled with unscheduled awards and reliance on the jury
system, contributed to increased expenses in past years. Other proceedings include claims by
non-employees for punitive as well as compensatory damages. A few proceedings purport to be class
actions. The variability present in settling these claims, including non-employee personal injury
and matters in which punitive damages are alleged, could result in increased expenses in future
years. BNSF has implemented a number of safety programs designed to reduce the number of personal
injuries as well as the associated claims and personal injury expense.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 6pt">          Other than the fair value adjustments recorded in the application of acquisition method
accounting related to the Merger, as discussed in Note 1 to the Consolidated Financial Statements,
BNSF records an undiscounted liability for personal injury claims when the expected loss is both
probable and reasonably estimable. The liability and ultimate expense projections are estimated
using standard actuarial methodologies. Liabilities recorded for unasserted personal injury claims
are based on information currently available. Due to the inherent uncertainty involved in
projecting future events such as the number of claims filed each year, developments in judicial and
legislative standards and the average costs to settle projected claims, actual costs may differ
from amounts recorded. Expense accruals and any required adjustments are classified as materials
and other in the Consolidated Statements of Income.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 12pt">    <b><i>Asbestos</i></b>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 6pt">          The Company is party to a number of personal injury claims by employees and non-employees who
may have been exposed to asbestos. The heaviest exposure for BNSF employees was due to work
conducted in and around the use of steam locomotive engines that were phased out between the years
of 1950 and 1967. However, other types of exposures, including exposure from locomotive component
parts and building materials, continued after 1967 until they were substantially eliminated at BNSF
by 1985.
</div>
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</div>
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<div style="font-family: 'Times New Roman',Times,serif">
<div align="center" style="font-size: 10pt; margin-top: 0pt">
<b>
</b>
</div>
<div align="center" style="font-size: 10pt; margin-top: 0pt">
<b>
</b>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 6pt">          BNSF assesses its unasserted asbestos liability exposure on an annual basis during the third
quarter. BNSF determines its asbestos liability by estimating its exposed population, the number of
claims likely to be filed, the number of claims that will likely require payment and the estimated
cost per claim. Estimated filing and dismissal rates and average cost per claim are determined
utilizing recent claim data and trends.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 6pt">          Throughout the year, BNSF monitors actual experience against the number of forecasted claims
and expected claim payments and will record adjustments to the Company’s estimates as necessary.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 6pt">          Based on BNSF’s estimate of the potentially exposed employees and related mortality
assumptions, it is anticipated that unasserted asbestos claims will continue to be filed through
the year 2050. The Company recorded an amount for the full estimated filing period through 2050
because it had a relatively finite exposed population (former and current employees hired prior to
1985), which it was able to identify and reasonably estimate and about which it had obtained
reliable demographic data (including age, hire date and occupation) derived from industry or BNSF
specific data that was the basis for the study. BNSF projects that approximately 60, 80 and 95
percent of the future unasserted asbestos claims will be filed within the next 10, 15 and 25 years,
respectively.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 6pt">     <b><i>Other Personal Injury</i></b>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 6pt">          BNSF estimates its other personal injury liability claims and expense quarterly based on the
covered population, activity levels and trends in frequency and the costs of covered injuries.
Estimates include unasserted claims except for certain repetitive stress and other occupational
trauma claims that allegedly result from prolonged repeated events or exposure. Such claims are
estimated on an as-reported basis because the Company cannot estimate the range of reasonably
possible loss due to other non-work related contributing causes of such injuries and the fact that
continued exposure is required for the potential injury to manifest itself as a claim. BNSF has not
experienced any significant adverse trends related to these types of claims in recent years.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 6pt">          BNSF monitors quarterly actual experience against the number of forecasted claims to be
received, the forecasted number of claims closing with payment and expected claim payments.
Adjustments to the Company’s estimates are recorded quarterly as necessary or more frequently as
new events or revised estimates develop.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 6pt">          The following tables summarize the activity in the Company’s accrued obligations for asbestos
and other personal injury matters (in millions):
</div>
<div align="left">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="70%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="67%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="11%"> </td>
<td width="2%"> </td>
<td width="4%"> </td>
<td width="1%"> </td>
<td width="14%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 1px">
<td style="border-top: 1px solid #000000">
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td nowrap="nowrap" colspan="8" align="right" style="border-top: 1px solid #000000"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="7" style="border-bottom: 1px solid #000000"><b>Successor</b></td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="7" style="border-bottom: 1px solid #000000"><b>Three Months Ended June 30,</b></td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2011</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="3" style="border-bottom: 1px solid #000000"><b>2010</b></td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Beginning balance
</div></td>
<td align="right">$</td>
<td align="left"> </td>
<td align="right">563</td>
<td> </td>
<td align="right">$</td>
<td align="left"> </td>
<td align="right">648</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Accruals
</div></td>
<td> </td>
<td> </td>
<td align="right">36</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">9</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Payments
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(38</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(31</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td style="border-top: 1px solid #000000">
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td nowrap="nowrap" colspan="4" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td nowrap="nowrap" colspan="3" align="right" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Ending balance
</div></td>
<td align="right">$</td>
<td align="left"> </td>
<td align="right">561</td>
<td> </td>
<td align="right">$</td>
<td align="left"> </td>
<td align="right">626</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td style="border-top: 1px solid #000000">
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td nowrap="nowrap" colspan="8" align="right" style="border-top: 1px solid #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="left">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="80%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="50%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 1px">
<td style="border-bottom: 1px solid #000000">
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td nowrap="nowrap" colspan="11" align="right" style="border-bottom: 1px solid #000000"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="7" style="border-bottom: 1px solid #000000; border-right: 1px solid #000000"><b>Successor</b></td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>Predecessor</b></td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>February 13 —</b></td>
<td style="border-right: 1px solid #000000"> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>January 1 —</b></td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Six Months Ended</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>June 30,</b></td>
<td style="border-right: 1px solid #000000"> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>February 12,</b></td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>June 30, 2011</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="3" style="border-bottom: 1px solid #000000; border-right: 1px solid #000000"><b>2010</b></td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2010</b></td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Beginning balance
</div></td>
<td align="right">$</td>
<td align="left"> </td>
<td align="right">575</td>
<td> </td>
<td align="right">$</td>
<td align="left"> </td>
<td align="right">664</td>
<td style="border-right: 1px solid #000000"> </td>
<td align="right">$</td>
<td align="left"> </td>
<td align="right">632</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Accruals
</div></td>
<td> </td>
<td> </td>
<td align="right">43</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">14</td>
<td style="border-right: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td align="right">10</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Payments
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(57</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(52</td>
<td nowrap="nowrap" style="border-right: 1px solid #000000">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(9</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td style="border-top: 1px solid #000000">
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td nowrap="nowrap" colspan="3" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="3" align="right" style="border-top: 1px solid #000000; border-right: 1px solid #000000"> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Ending balance
</div></td>
<td align="right">$</td>
<td align="left"> </td>
<td align="right">561</td>
<td> </td>
<td align="right">$</td>
<td align="left"> </td>
<td align="right">626</td>
<td style="border-right: 1px solid #000000"> </td>
<td align="right">$</td>
<td align="left"> </td>
<td align="right">633</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td style="border-top: 1px solid #000000">
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="3" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 6pt">          At June 30, 2011, $130 million was included in current liabilities. In addition, defense and
processing costs, which are recorded on an as-reported basis, were not included in the recorded
liability. The Company is primarily self-insured for personal injury claims.
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="center" style="font-size: 10pt; margin-top: 0pt">
<b>
</b>
</div>
<div align="center" style="font-size: 10pt; margin-top: 0pt">
<b>
</b>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 6pt">          Because of the uncertainty surrounding the ultimate outcome of personal injury claims, it is
reasonably possible that future costs to settle personal injury claims may range from approximately
$500 million to $650 million. However, BNSF believes that the $561 million recorded is the best
estimate of the Company’s future obligation for the settlement of personal injury claims.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 6pt">          The amounts recorded by BNSF for personal injury liabilities were based upon currently known
facts. Future events, such as the number of new claims to be filed each year, the average cost of
disposing of claims, as well as the numerous uncertainties surrounding personal injury litigation
in the United States, could cause the actual costs to be higher or lower than projected.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 6pt">          Although the final outcome of personal injury matters cannot be predicted with certainty,
considering among other things the meritorious legal defenses available and liabilities that have
been recorded, it is the opinion of BNSF that none of these items, when finally resolved, will have
a material adverse effect on the Company’s financial position or liquidity. However, the occurrence
of a number of these items in the same period could have a material adverse effect on the results
of operations in a particular quarter or fiscal year.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 12pt">   <b><i>BNSF Insurance Company</i></b>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 6pt">          The Company has a consolidated, wholly-owned subsidiary, Burlington Northern Santa Fe
Insurance Company, Ltd. (BNSF IC) that provides insurance coverage for certain risks, FELA claims,
railroad protective and force account insurance claims and certain excess general liability and
property coverage, and certain other claims which are subject to reinsurance. BNSF IC has entered
into annual reinsurance treaty agreements with several other companies. The treaty agreements
insure workers compensation, general liability, auto liability and FELA risk. In accordance with
the agreements, BNSF IC cedes a portion of its FELA exposure through the treaty and assumes a
proportionate share of the entire risk. Each year BNSF IC reviews the objectives and performance of
the treaty to determine its continued participation in the treaty. The treaty agreements provide
for certain protections against the risk of treaty participants’ non-performance. On an on-going
basis, BNSF and/or the treaty manager reviews the credit-worthiness of each of the participants.
BNSF does not believe its exposure to treaty participants’ non-performance is material at this
time. BNSF IC typically invests in commercial paper, time deposits and money market accounts. At
June 30, 2011, there was $486 million related to these third-party investments, which were
classified as cash and cash equivalents on the Company’s Consolidated Balance Sheet, as compared
with $490 million at December 31, 2010.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 6pt"><u><b>Environmental</b></u>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 6pt">          The Company’s operations, as well as those of its competitors, are subject to extensive
federal, state and local environmental regulation. BNSF’s operating procedures include practices to
protect the environment from the risks inherent in railroad operations, which frequently involve
transporting chemicals and other hazardous materials. Additionally, many of BNSF’s land holdings
are and have been used for industrial or transportation-related purposes or leased to commercial or
industrial companies whose activities may have resulted in discharges onto the property. As a
result, BNSF is subject to environmental cleanup and enforcement actions. In particular, the
federal Comprehensive Environmental Response, Compensation and Liability Act of 1980 (CERCLA), also
known as the Superfund law, as well as similar state laws, generally impose joint and several
liability for cleanup and enforcement costs on current and former owners and operators of a site
without regard to fault or the legality of the original conduct. BNSF has been notified that it is
a potentially responsible party (PRP) for study and cleanup costs at Superfund sites for which
investigation and remediation payments are or will be made or are yet to be determined (the
Superfund sites) and, in many instances, is one of several PRPs. In addition, BNSF may be
considered a PRP under certain other laws. Accordingly, under CERCLA and other federal and state
statutes, BNSF may be held jointly and severally liable for all environmental costs associated with
a particular site. If there are other PRPs, BNSF generally participates in the cleanup of these
sites through cost-sharing agreements with terms that vary from site to site. Costs are typically
allocated based on such factors as relative volumetric contribution of material, the amount of time
the site was owned or operated and/or the portion of the total site owned or operated by each PRP.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 6pt">          BNSF is involved in a number of administrative and judicial proceedings and other mandatory
cleanup efforts for 271 sites, including 19 Superfund sites, at which it is participating in the
study or cleanup, or both, of alleged environmental contamination.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 6pt">          Liabilities for environmental cleanup costs are recorded when BNSF’s liability for
environmental cleanup is probable and reasonably estimable. Subsequent adjustments to initial
estimates are recorded as necessary based upon additional information developed in subsequent
periods. Environmental costs include initial site surveys and environmental studies as well as
costs for remediation of sites determined to be contaminated.
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="center" style="font-size: 10pt; margin-top: 0pt">
<b>
</b>
</div>
<div align="center" style="font-size: 10pt; margin-top: 0pt">
<b>
</b>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 6pt">          BNSF estimates the ultimate cost of cleanup efforts at its known environmental sites on an
annual basis during the third quarter. Ultimate cost estimates for environmental sites are based on
historical payment patterns, current estimated percentage to closure ratios and benchmark patterns
developed from data accumulated from industry and public sources, including the Environmental
Protection Agency and other governmental agencies. These factors incorporate into the estimates
experience gained from cleanup efforts at other similar sites.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 6pt">          Annual studies do not include (i) contaminated sites of which the Company is not aware; (ii)
additional amounts for third-party tort claims, which arise out of contaminants allegedly migrating
from BNSF property, due to a limited number of sites; or (iii) natural resource damage claims. BNSF
continues to estimate third-party tort claims on a site by site basis when the liability for such
claims is probable and reasonably estimable. BNSF’s recorded liability for third-party tort claims
as of June 30, 2011, was $11 million.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 6pt">          On a quarterly basis, BNSF monitors actual experience against the forecasted remediation and
related payments made on existing sites and conducts ongoing environmental contingency analyses,
which consider a combination of factors including independent consulting reports, site visits,
legal reviews and analysis of the likelihood of participation in, and the ability to pay for,
cleanup of other PRPs. Adjustments to the Company’s estimates will continue to be recorded as
necessary based on developments in subsequent periods. Additionally, environmental accruals, which
are classified as materials and other in the Consolidated Statements of Income, include amounts for
newly identified sites or contaminants, third-party claims and legal fees incurred for defense of
third-party claims and recovery efforts.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 6pt">          The following tables summarize the activity in the Company’s accrued obligations for
environmental matters (in millions):
</div>
<div align="left">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="80%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="50%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 1px">
<td style="border-top: 1px solid #000000">
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td nowrap="nowrap" colspan="8" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>Successor</b></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>Three Months Ended June 30,</b></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="0" style="border-bottom: 1px solid #000000"><b>2011</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="3" style="border-bottom: 1px solid #000000"><b>2010</b></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Beginning balance
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">571</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">505</td>
<td> </td>
<td style="background-color: white "> </td>
<td style="background-color: white "> </td>
<td style="background-color: white "> </td>
<td style="background-color: white "> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Accruals
</div></td>
<td> </td>
<td> </td>
<td align="right">5</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Payments
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(11</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(17</td>
<td nowrap="nowrap">)</td>
<td style="background-color: white "> </td>
<td style="background-color: white "> </td>
<td style="background-color: white "> </td>
<td style="background-color: white "> </td>
</tr>
<tr style="font-size: 1px">
<td style="border-top: 1px solid #000000">
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td nowrap="nowrap" colspan="4" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td nowrap="nowrap" colspan="3" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Ending balance
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">565</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">493</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td style="border-top: 1px solid #000000">
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td style="border-bottom: 1px solid #000000">
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td nowrap="nowrap" colspan="11" align="right" style="border-bottom: 1px solid #000000"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000; border-right: 1px solid #000000"><b>Successor</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="0" style="border-bottom: 1px solid #000000"><b>Predecessor</b></td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="0"><b>February 13 —</b></td>
<td style="border-right: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="0"><b>January 1 —</b></td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="0"><b>Six Months Ended</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>June 30,</b></td>
<td style="border-right: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="0"><b>February 12,</b></td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="0" style="border-bottom: 1px solid #000000"><b>June 30, 2011</b></td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000; border-right: 1px solid #000000"><b>2010</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="0" style="border-bottom: 1px solid #000000"><b>2010</b></td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Beginning balance
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">578</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">514</td>
<td style="border-right: 1px solid #000000"> </td>
<td> </td>
<td align="left">$</td>
<td align="right">517</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Accruals
</div></td>
<td> </td>
<td> </td>
<td align="right">10</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">6</td>
<td style="border-right: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td align="right">6</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Payments
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(23</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(27</td>
<td nowrap="nowrap" style="border-right: 1px solid #000000">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(9</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td style="border-top: 1px solid #000000">
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000; border-right: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="0" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Ending balance
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">565</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">493</td>
<td style="border-right: 1px solid #000000"> </td>
<td> </td>
<td align="left">$</td>
<td align="right">514</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td style="border-top: 1px solid #000000">
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="0" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="0" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 6pt">          At June 30, 2011, $95 million was included in current liabilities.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 6pt">          BNSF’s environmental liabilities are not discounted. BNSF anticipates that the majority of the
accrued costs at June 30, 2011, will be paid over the next ten years, and no individual site is
considered to be material.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 6pt">          Liabilities recorded for environmental costs represent BNSF’s best estimate of its probable future
obligation for the remediation and settlement of these sites and include both asserted and
unasserted claims. Although recorded liabilities include BNSF’s best estimate of all probable
costs, without reduction for anticipated recoveries from third parties, BNSF’s total cleanup costs
at these sites cannot be predicted with certainty due to various factors such as the extent of
corrective actions that may be required, evolving environmental laws and regulations, advances in
environmental technology, the extent of other parties’ participation in cleanup efforts,
developments in ongoing environmental analyses related to sites determined to be contaminated and
developments in environmental surveys and studies of contaminated sites.
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="center" style="font-size: 10pt; margin-top: 0pt">
<b>
</b>
</div>
<div align="center" style="font-size: 10pt; margin-top: 0pt">
<b>
</b>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 6pt">          Because of the uncertainty surrounding these factors, it is reasonably possible that future
costs for environmental liabilities may range from approximately $420 million to $850 million.
However, BNSF believes that the $565 million recorded at June 30, 2011, is the best estimate of the
Company’s future obligation for environmental costs.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 6pt">          Although the final outcome of these environmental matters cannot be predicted with certainty,
it is the opinion of BNSF that none of these items, when finally resolved, will have a material
adverse effect on the Company’s financial position or liquidity. However, the occurrence of a
number of these items in the same period could have a material adverse effect on the results of
operations in a particular quarter or fiscal year.
</div>
<div align="left" style="font-size: 10pt; margin-top: 12pt"><u><b>Other Claims and Litigation</b></u>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 6pt">          In addition to asbestos, other personal injury and environmental matters discussed above, BNSF
and its subsidiaries are also parties to a number of other legal actions and claims, governmental
proceedings and private civil suits arising in the ordinary course of business, including those
related to disputes and complaints involving certain transportation rates and charges. Some of the
legal proceedings include claims for punitive as well as compensatory damages, and a few
proceedings purport to be class actions. Although the final outcome of these matters cannot be
predicted with certainty, considering among other things the meritorious legal defenses available
and liabilities that have been recorded along with applicable insurance, BNSF currently believes
that none of these items, when finally resolved, will have a material adverse effect on the
Company’s financial position or liquidity. However, an unexpected adverse resolution of one or more
of these items could have a material adverse effect on the results of operations in a particular
quarter or fiscal year.
</div>
</div>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" -->
<!-- Begin Block Tagged Note 8 - us-gaap:PensionAndOtherPostretirementBenefitsDisclosureTextBlock-->
<div style="font-family: 'Times New Roman',Times,serif">
<div style="margin-top: 6pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left">
<tr valign="top" style="font-size: 10pt; color: #000000; background: transparent">
<td width="2%" nowrap="nowrap" align="left"><b>8.</b></td>
<td width="1%"> </td>
<td><b>Employment Benefit Plans</b></td>
</tr>
</table>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 6pt">          Components of the net cost for the periods presented below were as follows (in millions):
</div>
<div align="left">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="70%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="60%"> </td>
<td width="7%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 1px">
<td style="border-top: 1px solid #000000">
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td nowrap="nowrap" colspan="8" align="right" style="border-top: 1px solid #000000"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>Pension Benefits</b></td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>Successor</b></td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>Three Months Ended June 30,</b></td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left" style="border-bottom: 1px solid #000000"><b>Net Cost</b></td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2011</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2010</b></td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Service cost
</div></td>
<td align="right">$</td>
<td align="left"> </td>
<td align="right">8</td>
<td> </td>
<td align="right">$</td>
<td align="left"> </td>
<td align="right">8</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Interest cost
</div></td>
<td> </td>
<td> </td>
<td align="right">25</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">27</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Expected return on plan assets
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(30</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(27</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td style="border-top: 1px solid #000000">
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Net cost recognized
</div></td>
<td align="right">$</td>
<td align="left"> </td>
<td align="right">3</td>
<td> </td>
<td align="right">$</td>
<td align="left"> </td>
<td align="right">8</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="left">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="80%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="64%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 1px">
<td style="border-top: 1px solid #000000">
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td nowrap="nowrap" colspan="11" align="right" style="border-top: 1px solid #000000"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="10" style="border-bottom: 1px solid #000000"><b>Pension Benefits</b></td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="7" style="border-bottom: 1px solid #000000; border-right: 1px solid #000000"><b>Successor</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="0" style="border-bottom: 1px solid #000000"><b>Predecessor</b></td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>February 13 —</b></td>
<td style="border-right: 1px solid #000000"> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>January 1 —</b></td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Six Months Ended</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>June 30,</b></td>
<td style="border-right: 1px solid #000000"> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>February 12,</b></td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left" style="border-bottom: 1px solid #000000"><b>Net Cost</b></td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>June 30, 2011</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2010</b></td>
<td style="border-right: 1px solid #000000; border-bottom: 1px solid #000000"> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2010</b></td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Service cost
</div></td>
<td align="right">$</td>
<td align="left"> </td>
<td align="right">16</td>
<td> </td>
<td align="right">$</td>
<td align="left"> </td>
<td align="right">12</td>
<td style="border-right: 1px solid #000000"> </td>
<td align="right">$</td>
<td align="left"> </td>
<td align="right">3</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Interest cost
</div></td>
<td> </td>
<td> </td>
<td align="right">51</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">41</td>
<td style="border-right: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td align="right">12</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Expected return on plan assets
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(60</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(40</td>
<td nowrap="nowrap" style="border-right: 1px solid #000000">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(14</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Amortization of net loss
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td style="border-right: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td align="right">4</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td style="border-right: 1px solid #000000; border-bottom: 1px solid #000000"> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Net cost recognized
</div></td>
<td align="right">$</td>
<td align="left"> </td>
<td align="right">7</td>
<td> </td>
<td align="right">$</td>
<td align="left"> </td>
<td align="right">13</td>
<td style="border-right: 1px solid #000000"> </td>
<td align="right">$</td>
<td align="left"> </td>
<td align="right">5</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td style="border-top: 1px solid #000000">
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="3" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="center" style="font-size: 10pt; margin-top: 0pt">
<b>
</b>
</div>
<div align="center" style="font-size: 10pt; margin-top: 0pt">
<b>
</b>
</div>
<div align="left">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="70%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="40%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="7%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="7%"> </td>
<td width="1%"> </td>
</tr>
<tr>
<td colspan="8" style="border-bottom: 1px solid #000000"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>Retiree Health and Welfare Benefits</b></td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>Successor</b></td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>Three Months Ended June 30,</b></td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left" style="border-bottom: 1px solid #000000"><b>Net Cost</b></td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2011</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2010</b></td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Service cost
</div></td>
<td align="right">$</td>
<td align="left"> </td>
<td align="right">1</td>
<td> </td>
<td align="right">$</td>
<td align="left"> </td>
<td align="right">1</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Interest cost
</div></td>
<td> </td>
<td> </td>
<td align="right">3</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Net cost recognized
</div></td>
<td align="right">$</td>
<td align="left"> </td>
<td align="right">4</td>
<td> </td>
<td align="right">$</td>
<td align="left"> </td>
<td align="right">4</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td style="border-top: 1px solid #000000">
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="left">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="80%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="64%"> </td>
<td width="2%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="2%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="2%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr>
<td colspan="13" style="border-bottom: 1px solid #000000"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="10" style="border-bottom: 1px solid #000000"><b>Retiree Health and Welfare Benefits</b></td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>Successor</b></td>
<td style="border-right: 1px solid #000000; border-bottom: 1px solid #000000"> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>Predecessor</b></td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>February 13 —</b></td>
<td style="border-right: 1px solid #000000"> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>January 1 —</b></td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Six Months Ended</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>June 30,</b></td>
<td style="border-right: 1px solid #000000"> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>February 12,</b></td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left" style="border-bottom: 1px solid #000000"><b>Net Cost</b></td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>June 30, 2011</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2010</b></td>
<td style="border-right: 1px solid #000000; border-bottom: 1px solid #000000"> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2010</b></td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Service cost
</div></td>
<td align="right">$</td>
<td align="left"> </td>
<td align="right">1</td>
<td> </td>
<td align="right">$</td>
<td align="left"> </td>
<td align="right">1</td>
<td style="border-right: 1px solid #000000"> </td>
<td align="right">$</td>
<td align="left"> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Interest cost
</div></td>
<td> </td>
<td> </td>
<td align="right">7</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5</td>
<td style="border-right: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td align="right">2</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td style="border-top: 1px solid #000000">
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="3" align="right" style="border-top: 1px solid #000000; border-right: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Net cost recognized
</div></td>
<td align="right">$</td>
<td align="left"> </td>
<td align="right">8</td>
<td> </td>
<td align="right">$</td>
<td align="left"> </td>
<td align="right">6</td>
<td style="border-right: 1px solid #000000"> </td>
<td align="right">$</td>
<td align="left"> </td>
<td align="right">2</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td style="border-top: 1px solid #000000">
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="3" align="right" style="border-top: 1px solid #000000"> </td>
<td style="border-right: 1px solid #000000"> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
</div>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" -->
<!-- Begin Block Tagged Note 9 - us-gaap:RelatedPartyTransactionsDisclosureTextBlock-->
<div style="font-family: 'Times New Roman',Times,serif">
<div style="margin-top: 6pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left">
<tr valign="top" style="font-size: 10pt; color: #000000; background: transparent">
<td width="2%" nowrap="nowrap" align="left"><b>9.</b></td>
<td width="1%"> </td>
<td><b>Related Party Transactions</b></td>
</tr>
</table>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 6pt">          The companies identified as affiliates of BNSF include Berkshire and its subsidiaries. During
the six months ended June 30, 2011, the Company declared and paid cash distributions of $2 billion
to its parent company. For the six months ended June 30, 2011, the Company received a tax refund of
$316 million from Berkshire and made tax payments of $68 million.
</div>
</div>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" -->
<!-- Begin Block Tagged Note 10 - us-gaap:ComprehensiveIncomeNoteTextBlock-->
<div style="font-family: 'Times New Roman',Times,serif">
<div style="margin-top: 6pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left">
<tr valign="top" style="font-size: 10pt; color: #000000; background: transparent">
<td width="2%" nowrap="nowrap" align="left"><b>10.</b></td>
<td width="1%"> </td>
<td><b>Comprehensive Income</b></td>
</tr>
</table>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 6pt">          Other comprehensive income refers to revenues, expenses, gains and losses that under generally
accepted accounting principles are included in comprehensive income, a component of equity within
the Consolidated Balance Sheets, rather than net income on the Consolidated Statements of Income.
Under existing accounting standards, other comprehensive income may include, among other things,
unrecognized gains and losses and prior service credit related to pension and other postretirement
benefit plans and accounting for derivative financial instruments, which qualify for cash flow
hedge accounting.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 6pt">          The following tables provide reconciliations of net income reported in the Consolidated
Statements of Income to total comprehensive income (in millions):
</div>
<div align="left">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="80%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="76%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr>
<td colspan="8" style="border-bottom: 1px solid #000000"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>Successor</b></td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>Three Months Ended June 30,</b></td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2011</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2010</b></td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Net income
</div></td>
<td align="right">$</td>
<td align="left"> </td>
<td align="right">690</td>
<td> </td>
<td align="right">$</td>
<td align="left"> </td>
<td align="right">603</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Other comprehensive income:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Change in fuel/interest hedge
mark-to-market, net of tax (see
Note 2)
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(41</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(40</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Change in accumulated other
comprehensive income of equity
method investees
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td style="border-top: 1px solid #000000">
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Total comprehensive income
</div></td>
<td align="right">$</td>
<td align="left"> </td>
<td align="right">648</td>
<td> </td>
<td align="right">$</td>
<td align="left"> </td>
<td align="right">563</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td style="border-top: 1px solid #000000">
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="center" style="font-size: 10pt; margin-top: 0pt">
<b>
</b>
</div>
<div align="center" style="font-size: 10pt; margin-top: 0pt">
<b>
</b>
</div>
<div align="left">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="90%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="64%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr>
<td colspan="13" style="border-bottom: 1px solid #000000"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>Successor</b></td>
<td style="border-right: 1px solid #000000; border-bottom: 1px solid #000000"> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>Predecessor</b></td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>February 13 —</b></td>
<td style="border-right: 1px solid #000000"> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>January 1 —</b></td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Six Months Ended</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>June 30,</b></td>
<td style="border-right: 1px solid #000000"> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>February 12,</b></td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>June 30, 2011</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="3" style="border-bottom: 1px solid #000000; border-right: 1px solid #000000"><b>2010</b></td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2010</b></td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Net income
</div></td>
<td align="right">$</td>
<td align="left"> </td>
<td align="right">1,297</td>
<td> </td>
<td align="right">$</td>
<td align="left"> </td>
<td align="right">885</td>
<td style="border-right: 1px solid #000000"> </td>
<td align="right">$</td>
<td align="left"> </td>
<td align="right">224</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Other comprehensive income:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-right: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Change in
unrecognized prior
service credit and
actuarial<br /> losses,
net of tax (see Note
8)
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td style="border-right: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td align="right">2</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Change in
fuel/interest hedge
mark-to-market, net
of tax (see Note 2)
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(3</td>
<td nowrap="nowrap" style="border-right: 1px solid #000000">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(45</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Change in
accumulated other
comprehensive income
<br />
of equity method
investees
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td style="border-right: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td align="right">2</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td style="border-top: 1px solid #000000">
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="3" align="right" style="border-top: 1px solid #000000; border-right: 1px solid #000000"> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Total comprehensive income
</div></td>
<td align="right">$</td>
<td align="left"> </td>
<td align="right">1,296</td>
<td> </td>
<td align="right">$</td>
<td align="left"> </td>
<td align="right">882</td>
<td style="border-right: 1px solid #000000"> </td>
<td align="right">$</td>
<td align="left"> </td>
<td align="right">183</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td style="border-top: 1px solid #000000">
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="3" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">          The following table provides the components of accumulated other comprehensive income (loss)
(in millions):
</div>
<div align="left">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="90%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="76%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr>
<td colspan="8" style="border-bottom: 1px solid #000000"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>Successor</b></td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>June 30,</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>December 31,</b></td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2011</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2010</b></td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Unrecognized prior service credit and actuarial losses, net of tax (see Note 8)
</div></td>
<td nowrap="nowrap" align="right">$</td>
<td> </td>
<td align="right">(13</td>
<td nowrap="nowrap">)</td>
<td nowrap="nowrap" align="right">$</td>
<td> </td>
<td align="right">(13</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Fuel hedge mark-to-market, net of tax (see Note 2)
</div></td>
<td> </td>
<td> </td>
<td align="right">40</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">41</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Accumulated other comprehensive loss of equity method investees
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td style="border-top: 1px solid #000000">
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Total accumulated other comprehensive income (loss)
</div></td>
<td align="right">$</td>
<td align="left"> </td>
<td align="right">26</td>
<td> </td>
<td align="right">$</td>
<td align="left"> </td>
<td align="right">27</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td style="border-top: 1px solid #000000">
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="3" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
</div>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" -->
<!-- Begin Block Tagged Note 11 - us-gaap:ScheduleOfNewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock-->
<div style="font-family: 'Times New Roman',Times,serif">
<div style="margin-top: 6pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left">
<tr valign="top" style="font-size: 10pt; color: #000000; background: transparent">
<td width="2%" nowrap="nowrap" align="left"><b>11.</b></td>
<td width="1%"> </td>
<td><b>Accounting Pronouncements</b></td>
</tr>
</table>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 6pt">          In June 2011, the FASB issued Accounting Standards Update No. 2011-05 (ASU 2011-05),
<i>Presentation of Comprehensive Income</i>. This standard eliminates the current option to present other
comprehensive income and its components in the statement of changes in equity. It will require
companies to report the total of comprehensive income including the components of net income and
the components of other comprehensive income in either a single continuous statement of
comprehensive income or in two separate but consecutive statements. ASU 2011-05 is effective for
the Company for the year beginning on January 1, 2012.
</div>
</div>
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false
--12-31
Q2
2011
2011-06-30
10-Q
0000934612
0
Yes
Non-accelerated Filer
BURLINGTON NORTHERN SANTA FE, LLC
No
Yes
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