Total Liabilities for Norfolk Southern (NSC)
According to Norfolk Southern's latest reported financial statements, the company's latest reported total liabilities is $29.31B USD. Total liabilities sum everything the company owes at the end of each reporting period — accounts payable, accrued expenses, debt, lease obligations, and other claims — as filed on the balance sheet. Compare with total assets and net assets for solvency context.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
Currently viewingTotal LiabilitiesSwitch metric
Latest period
$29.31B
YoY change
+1.1%
5Y CAGR
+5.1%
Peak year (2025)
$29.69B
Latest annual
$29.69B
Total Liabilities history chart for Norfolk Southern (NSC) from 1985 to 2025
Total Liabilities history table for Norfolk Southern (NSC) from 1985 to 2025
| Fiscal year | Period ended | Reported | Total Liabilities | YoY |
|---|---|---|---|---|
| 2025 | $29.69B | +1.1% | ||
| 2024 | $29.38B | +1.7% | ||
| 2023 | $28.87B | +10.4% | ||
| 2022 | $26.15B | +5.2% | ||
| 2021 | $24.85B | +7.3% | ||
| 2020 | $23.17B | +1.9% | ||
| 2019 | $22.74B | +8.9% | ||
| 2018 | $20.88B | +7.9% | ||
| 2017 | $19.35B | -13.9% | ||
| 2016 | $22.48B | +1.9% | ||
| 2015 | $22.07B | +5.9% | ||
| 2014 | $20.83B | -1.7% | ||
| 2013 | $21.19B | +3.0% | ||
| 2012 | $20.58B | +10.5% | ||
| 2011 | $18.63B | +6.3% | ||
| 2010 | $17.53B | +3.0% | ||
| 2009 | $17.02B | +1.9% | ||
| 2008 | $16.70B | +1.7% | ||
| 2007 | $16.42B | +0.0% | ||
| 2006 | $16.41B | -1.0% | ||
| 2005 | $16.57B | -1.1% | ||
| 2004 | $16.76B | +23.1% | ||
| 2003 | $13.61B | +1.5% | ||
| 2002 | $13.41B | +1.0% | ||
| 2001 | $13.28B | +1.4% | ||
| 2000 | $13.10B | -1.3% | ||
| 1999 | $13.27B | +8.7% | ||
| 1998 | $12.21B | +3.0% | ||
| 1997 | $11.86B | +85.6% | ||
| 1996 | $6.39B | +6.1% | ||
| 1995 | $6.02B | +3.0% | ||
| 1994 | $5.85B | +0.1% | ||
| 1993 | $5.84B | -4.4% | ||
| 1992 | $6.11B | +1.9% | ||
| 1991 | $6.00B | +8.2% | ||
| 1990 | $5.54B | +10.7% | ||
| 1989 | $5.01B | +2.0% | ||
| 1988 | $4.91B | +1.8% | ||
| 1987 | $4.82B | +2.9% | ||
| 1986 | $4.68B | -6.5% | ||
| 1985 | $5.01B | — |
Total Liabilities values are taken from Norfolk Southern's reported balance sheets (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
2025's annual total liabilities for Norfolk Southern (NSC) came in at $29.69B – edged up 1.1% year-over-year.
Through 2020–2025 (5 years), Norfolk Southern total liabilities delivered a +5.1% annualised rate; with the latest reading among the more recent periods of the dataset.
$29.69B stands as the all-time-high annual total liabilities, posted in 2025, against a low of $4.68B during 1986.
Among 8 Industrials peers, Norfolk Southern (NSC) ranks 8th; the peer median for total liabilities is $78.63B.
Norfolk Southern Total Liabilities by Year
Norfolk Southern Total Liabilities 2025: $29.69B
Norfolk Southern total liabilities in 2025 was $29.69B, edged up 1.1% from 2024. This figure represents the highest annual value in the available history.
Norfolk Southern Total Liabilities 2024: $29.38B
Norfolk Southern total liabilities in 2024 was $29.38B, edged up 1.7% from 2023.
Norfolk Southern Total Liabilities 2023: $28.87B
Norfolk Southern total liabilities in 2023 was $28.87B, grew 10.4% from 2022.
Norfolk Southern Total Liabilities 2022: $26.15B
Norfolk Southern total liabilities in 2022 was $26.15B, grew 5.2% from 2021.
Norfolk Southern Total Liabilities 2021: $24.85B
Norfolk Southern total liabilities in 2021 was $24.85B.
See more financial history for Norfolk Southern (NSC).
Sector peers — Total Liabilities
Companies in the same sector as Norfolk Southern, ranked by their latest total liabilities.
| Company | Total Liabilities | Sector |
|---|---|---|
| The Boeing Company (BA) | $162.78B | Industrials |
| GE Aerospace (GE) | $111.27B | Industrials |
| RTX Corporation (RTX) | $103.94B | Industrials |
| Deere & Company (DE) | $79.99B | Industrials |
| Caterpillar Inc. (CAT) | $77.27B | Industrials |
| Honeywell International Inc. (HON) | $58.67B | Industrials |
| Union Pacific Corporation (UNP) | $51.23B | Industrials |
| Eaton Corporation plc (ETN) | $21.78B | Industrials |
Frequently asked questions
What is Norfolk Southern's total liabilities?
- Latest reported total liabilities for Norfolk Southern (NSC) is $29.31B (period ending March 31, 2026).
How has Norfolk Southern total liabilities changed year-over-year?
- Norfolk Southern (NSC) total liabilities changed +1.1% year-over-year on the latest annual filing.
What is the long-term growth rate of Norfolk Southern total liabilities?
- Norfolk Southern (NSC) total liabilities compound annual growth rate is +5.1% over the most recent 5 years available.
When did Norfolk Southern total liabilities hit its highest annual value?
- Norfolk Southern total liabilities reached its highest annual value of $29.69B in 2025.
What was Norfolk Southern total liabilities in 2024?
- Norfolk Southern (NSC) total liabilities in 2024 was $29.38B.
What was Norfolk Southern total liabilities in 2025?
- Norfolk Southern (NSC) total liabilities in 2025 was $29.69B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
Explore more
NSC Overview
Company profile, financial tools, and key metrics
NSC Revenue Counter
Earns $386.38 every second. See per minute, hour, and day.
NSC Earnings Counter
Earns $84.67 per second net profit. See per minute, hour, and day.
NSC Economic Scale
Exceeds Somalia, Fed. Rep.'s GDP. Compare with world economies.
NSC What If Invested
What if you had invested $1,000? See historical returns from any date.
NSC How It Makes Money
Discover visual breakdown of $12.19B in revenue — where it comes from and where it goes.
NSC Stock Seasonality
Best and worst months to invest. Historical monthly returns heatmap.
NSC Price Target Scenarios
Model bear, base, and bull cases with EPS growth and exit P/E — pre-filled from analysts and history.
NSC Daily Price Character
Steady · 48.7% historical win rate (green days). Streaks & record days.
NSC Buybacks
0.44% TTM buyback yield. Shareholder yield & SBC comparison.
NSC Stock Split History
3 splits on record. Dates, ratios, and cumulative multiple.
NSC Dividend Profile
Yield: 1.73%. Safety: 5/8. See full history.
NSC Dividend Calculator
How much dividend income would $1,000 have earned? Calculate from any date.
NSC Dividend Forecast
Project future income with DRIP, growth assumptions, and optional monthly contributions.