Latest period
$17.10B
YoY change
-2.2%
5Y CAGR
+5.4%
Peak year (2023)
$17.57B
Latest annual
$17.09B
Total Debt history chart for Norfolk Southern (NSC) from 1985 to 2025
Latest: $17.09B
Total Debt growth chart for Norfolk Southern (NSC) from 1985 to 2025
Latest: -2.2%
Total Debt history table for Norfolk Southern (NSC) from 1985 to 2025
| 2025 | $17.09B | -2.2% | −$391.00M | ||
| 2024 | $17.48B | -0.5% | −$93.00M | ||
| 2023 | $17.57B | +12.7% | +$1.98B | ||
| 2022 | $15.59B | +9.4% | +$1.34B | ||
| 2021 | $14.25B | +8.7% | +$1.14B | ||
| 2020 | $13.11B | +3.0% | +$380.00M | ||
| 2019 | $12.73B | +14.3% | +$1.59B | ||
| 2018 | $11.14B | +13.3% | +$1.31B | ||
| 2017 | $9.84B | -3.7% | −$376.00M | ||
| 2016 | $10.21B | +1.2% | +$119.00M | ||
| 2015 | $10.09B | +11.8% | +$1.07B | ||
| 2014 | $9.03B | -4.5% | −$422.00M | ||
| 2013 | $9.45B | +8.8% | +$766.00M | ||
| 2012 | $8.68B | +15.1% | +$1.14B | ||
| 2011 | $7.54B | +7.3% | +$515.00M | ||
| 2010 | $7.03B | -1.8% | −$128.00M | ||
| 2009 | $7.15B | +7.3% | +$486.00M | ||
| 2008 | $6.67B | +4.7% | +$299.00M | ||
| 2007 | $6.37B | -3.5% | −$232.00M | ||
| 2006 | $6.60B | -4.8% | −$330.00M | ||
| 2005 | $6.93B | -7.9% | −$595.00M | ||
| 2004 | $7.53B | +5.1% | +$365.00M | ||
| 2003 | $7.16B | -2.8% | −$204.00M | ||
| 2002 | $7.36B | -3.5% | −$268.00M | ||
| 2001 | $7.63B | -0.1% | −$4.00M | ||
| 2000 | $7.64B | -5.2% | −$423.00M | ||
| 1999 | $8.06B | +5.7% | +$435.00M | ||
| 1998 | $7.62B | +1.8% | +$138.00M | ||
| 1997 | $7.49B | +293.9% | +$5.59B | ||
| 1996 | $1.90B | +12.8% | +$216.10M | ||
| 1995 | $1.68B | +1.2% | +$19.50M | ||
| 1994 | $1.66B | -4.6% | −$80.00M | ||
| 1993 | $1.74B | -2.9% | −$52.40M | ||
| 1992 | $1.80B | +5.2% | +$88.30M | ||
| 1991 | $1.71B | +31.7% | +$411.70M | ||
| 1990 | $1.30B | +64.0% | +$506.00M | ||
| 1989 | $791.10M | +1.3% | +$10.20M | ||
| 1988 | $780.90M | -1.8% | −$14.20M | ||
| 1987 | $795.10M | -10.8% | −$96.20M | ||
| 1986 | $891.30M | -5.3% | −$49.70M | ||
| 1985 | $941.00M | — | — |
- 2025$17.09B-2.2%
- 2024$17.48B-0.5%
- 2023$17.57B+12.7%
- 2022$15.59B+9.4%
- 2021$14.25B+8.7%
- 2020$13.11B+3.0%
- 2019$12.73B+14.3%
- 2018$11.14B+13.3%
- 2017$9.84B-3.7%
- 2016$10.21B+1.2%
- 2015$10.09B+11.8%
- 2014$9.03B-4.5%
- 2013$9.45B+8.8%
- 2012$8.68B+15.1%
- 2011$7.54B+7.3%
- 2010$7.03B-1.8%
- 2009$7.15B+7.3%
- 2008$6.67B+4.7%
- 2007$6.37B-3.5%
- 2006$6.60B-4.8%
- 2005$6.93B-7.9%
- 2004$7.53B+5.1%
- 2003$7.16B-2.8%
- 2002$7.36B-3.5%
- 2001$7.63B-0.1%
- 2000$7.64B-5.2%
- 1999$8.06B+5.7%
- 1998$7.62B+1.8%
- 1997$7.49B+293.9%
- 1996$1.90B+12.8%
- 1995$1.68B+1.2%
- 1994$1.66B-4.6%
- 1993$1.74B-2.9%
- 1992$1.80B+5.2%
- 1991$1.71B+31.7%
- 1990$1.30B+64.0%
- 1989$791.10M+1.3%
- 1988$780.90M-1.8%
- 1987$795.10M-10.8%
- 1986$891.30M-5.3%
- 1985$941.00M—
Total Debt values are taken from Norfolk Southern's reported balance sheets (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Total Debt at Norfolk Southern (NSC)
According to Norfolk Southern's latest reported financial statements, the company's latest reported total debt is $17.10B. Total debt is the sum of short-term and long-term interest-bearing borrowings on the balance sheet (notes, bonds, term loans, lease liabilities). Useful for leverage and refinancing risk — compare with cash on hand for net leverage, and total liabilities for the broader obligations picture.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
2025's annual total debt for Norfolk Southern (NSC) came in at $17.09B – edged down 2.2% year-over-year.
Over 2020–2025 (5 years), Norfolk Southern total debt expanded at a +5.4% compound annual rate, with mixed annual results across the window.
2023 marks the peak total debt at $17.57B, with the historical low of $780.90M recorded in 1988.
Norfolk Southern Total Debt by Year
Norfolk Southern Total Debt 2025: $17.09B
Norfolk Southern total debt in 2025 was $17.09B, edged down 2.2% below 2024.
Norfolk Southern Total Debt 2024: $17.48B
2024's total debt for Norfolk Southern came in at $17.48B, edged down 0.5% below 2023.
Norfolk Southern Total Debt 2023: $17.57B
Norfolk Southern posted total debt of $17.57B in 2023, grew 12.7% from 2022. This figure represents the highest annual value in the available history.
Norfolk Southern Total Debt 2022: $15.59B
In 2022, Norfolk Southern reported total debt of $15.59B, grew 9.4% from 2021.
Norfolk Southern Total Debt 2021: $14.25B
Norfolk Southern total debt in 2021 was $14.25B.
See more financial history for Norfolk Southern (NSC).
Sector peers by Total Debt
Industrials peers of Norfolk Southern (NSC), ranked by their latest total debt
| $63.94B | |
| $54.43B | |
| $43.33B | |
| $39.51B | |
| $31.81B | |
| $22.90B | |
| $20.49B | |
| $11.17B |
- $63.94B
- $54.43B
- $43.33B
- $39.51B
- $31.81B
- $22.90B
- $20.49B
- $11.17B
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