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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 style="font-family: 'Times New Roman',Times,serif">
<!-- xbrl,ns -->
<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: 18pt"><b>1.</b>   <b>Accounting Policies and Interim Results</b>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          The Consolidated Financial Statements should be read in conjunction with Burlington Northern
Santa Fe Corporation’s Annual Report on Form 10-K for the year ended December 31, 2008, including
the financial statements and notes thereto. Burlington Northern Santa Fe Corporation (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 significant intercompany accounts and transactions have been eliminated. BNSF was
incorporated in Delaware on December 16, 1994.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          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
September 30, 2009, and the results of operations for the three and nine month periods ended
September 30, 2009 and 2008.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          BNSF
has evaluated subsequent events through October 23, 2009, which represents the date the
Consolidated Financial Statements were issued.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          Certain comparative prior period amounts in the Consolidated Financial Statements have been
reclassified to conform to the current period presentation. These reclassifications had no effect
on previously reported operating income or net income.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt"><u><b>Adoption of New Accounting Pronouncement</b></u>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          In June 2009, the Financial Accounting Standards Board (FASB)
issued authoritative accounting guidance which established the FASB Accounting Standards
Codification (Codification or ASC) as the source of authoritative accounting principles recognized
by the FASB to be applied by nongovernmental entities and stated that all guidance contained in the
Codification carries an equal level of authority. The authoritative accounting guidance recognized
that rules and interpretive releases of the Securities and Exchange Commission (SEC) under federal
securities laws are also sources of authoritative Generally Accepted Accounting Principles (GAAP)
for SEC registrants. The Company adopted the provisions of the authoritative accounting guidance
for the interim reporting period ended September 30, 2009, the adoption of which did not have a
material effect on the Company’s consolidated financial statements.
</div>
<div align="center" style="font-size: 10pt; margin-top: 0pt">
</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 2 - us-gaap:DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock-->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="justify" style="font-size: 10pt; margin-top: 10pt"><b>2.</b>   <b>Hedging Activities</b>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          The Company uses derivative financial instruments to hedge against increases in diesel fuel
prices and interest rates as well as to convert a portion of its fixed-rate long-term debt to
floating-rate debt. The Company does not hold or issue derivative financial instruments for trading
or speculative purposes. 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 fair value or 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 loss (AOCL) as a separate component of
stockholders’ equity and reclassified into earnings in the period during which the hedge
transaction affects earnings. Cash flows related to fuel and interest rate derivatives are
classified as operating activities in the Consolidated Statements of Cash Flows.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          BNSF monitors its hedging 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 September 30, 2009. 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 September 30, 2009 and December 31, 2008, was $63 million and
$77 million, respectively. Other than as disclosed under the heading “Fuel; Total Fuel-Hedging
Activities,” the Company’s hedge agreements do not include provisions requiring collateral. Certain
of the Company’s hedge 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 $51 million and $53 million as of September 30,
2009 and December 31, 2008, respectively.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          Additional disclosure related to derivative instruments is included in Note 9 to the
Consolidated Financial Statements.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 12pt">          The amounts recorded in the Consolidated Balance Sheets for derivative transactions were as
follows (in millions). These amounts exclude $8 million and $106 million of collateral posted for
certain fuel hedge contracts as of September 30, 2009 and December 31, 2008, respectively.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          
<div style="width: 100%; border-bottom: 1px solid #000000; font-size: 1px; margin-right: 4px"> 
</div>
</div>
<div align="left">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom" style="font-size: 1pt">
<td width="80%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 9pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>September 30,</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>December 31,</b></td>
<td> </td>
</tr>
<tr style="font-size: 9pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2008</b></td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Short-term hedge asset
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">6</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">5</td>
<td style="background: #fffff"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Long-term hedge asset
</div></td>
<td> </td>
<td> </td>
<td align="right">47</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">72</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Short-term hedge liability
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(79</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(387</td>
<td nowrap="nowrap" style="background: #fffff">)</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Long-term hedge liability
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(45</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(193</td>
<td nowrap="nowrap" style="background: #fffff">)</td>
</tr>
<tr style="font-size: 1px">
<td colspan="4" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Total derivatives
</div></td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(71</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(503</td>
<td nowrap="nowrap" style="background: #fffff">)</td>
</tr>
<tr style="font-size: 1px">
<td align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" style="border-top: 2px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" style="border-top: 2px solid #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="center" style="font-size: 10pt; margin-top: 0pt">
</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: 12pt">          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="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="20%"> </td>
<td width="2%"> </td>
<td width="1%"> </td>
<td width="25%"> </td>
<td width="1%"> </td>
<td width="20%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="20%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
</tr>
<tr style="font-size: 9pt" valign="bottom">
<td align="center" colspan="12" style="border-bottom: 1px solid #000000"> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td align="center" colspan="12" style="border-bottom: 1px solid #000000"><b>Fair Value of Derivative Instruments</b></td>
</tr>
<tr style="font-size: 12pt" valign="bottom">
<td align="center" colspan="12" style="border-bottom: 0px solid #000000"> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td align="center" colspan="12" style="border-bottom: 0px solid #000000"><b>Asset Derivatives</b><br />
<br style="font-size: 18pt" />
</td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2">                  <b>Balance Sheet</b>                  </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2">  <b>September 30,</b>  </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2">  <b>December 31,</b>  </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="3" style="border-bottom: 1px solid #000000"><b>Location</b></td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2008</b></td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:0px; text-indent:-0px">Derivatives designated
as hedging instruments
under ASC 815-20
</div></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 colspan="3" align="left">Other current assets</td>
<td align="right">        $</td>
<td> </td>
<td align="right">4</td>
<td> </td>
<td align="center">        $</td>
<td> </td>
<td align="right">–</td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:0px; text-indent:-0px">Interest Rate Contracts
</div></td>
<td> </td>
<td colspan="3" align="left" nowrap="nowrap">Other current assets</td>
<td> </td>
<td> </td>
<td align="right">4</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:0px; text-indent:-0px">Fuel Contracts
</div></td>
<td> </td>
<td colspan="3" align="left">Other assets</td>
<td> </td>
<td> </td>
<td align="right">12</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">–</td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:0px; text-indent:-0px">Interest Rate Contracts
</div></td>
<td> </td>
<td colspan="3" align="left">Other assets</td>
<td> </td>
<td> </td>
<td align="right">41</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">72</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:0px; text-indent:-0px">Fuel Contracts
</div></td>
<td> </td>
<td colspan="3" align="left" nowrap="nowrap">Accounts payable and other current<br /> liabilities</td>
<td> </td>
<td> </td>
<td align="right">2</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">–</td>
</tr>
<tr style="font-size: 1px">
<td colspan="8" 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"> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:0px; text-indent:-0px">Total Asset
Derivatives designated
as hedging instruments
under ASC 815-20
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">        $</td>
<td> </td>
<td align="right">63</td>
<td> </td>
<td align="right">        $</td>
<td> </td>
<td align="right">77</td>
</tr>
<tr style="font-size: 1px">
<td colspan="5" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 2px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 2px solid #000000"> </td>
</tr>
<!-- End Table Body -->
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="70%"> </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="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td align="center" colspan="12" style="border-bottom: 0px solid #000000"><b>Liability Derivatives</b><br />
<br style="font-size: 18pt" />
</td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2">                          <b>Balance Sheet</b>                          </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>September 30,</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>December 31,</b></td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="3" style="border-bottom: 1px solid #000000"><b>Location</b></td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2008</b></td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:0px; text-indent:-0px">Derivatives designated
as hedging instruments
under ASC 815-20
</div></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="line-height: 1pt"><!-- 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>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:0px; text-indent:-0px">Fuel Contracts
</div></td>
<td> </td>
<td colspan="3" align="left" nowrap="nowrap">Other current assets</td>
<td align="right">        $</td>
<td> </td>
<td align="right">2</td>
<td> </td>
<td align="right">        $</td>
<td> </td>
<td align="right">–</td>
</tr>
<tr valign="bottom" style="line-height: 1pt"><!-- 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>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:0px; text-indent:-0px">Fuel Contracts
</div></td>
<td> </td>
<td colspan="3" align="left" nowrap="nowrap">Other assets</td>
<td> </td>
<td> </td>
<td align="right">6</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">–</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:0px; text-indent:-0px">Fuel Contracts
</div></td>
<td> </td>
<td colspan="3" align="left" nowrap="nowrap">Accounts payable and other current <br />
liabilities</td>
<td> </td>
<td> </td>
<td align="right">81</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">279</td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:0px; text-indent:-0px">Interest Rate Contracts
</div></td>
<td> </td>
<td colspan="3" align="left" nowrap="nowrap">Accounts payable and other<br /> current liabilities</td>
<td> </td>
<td> </td>
<td align="right">–</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">108</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:0px; text-indent:-0px">Fuel Contracts
</div></td>
<td> </td>
<td colspan="3" align="left">Other liabilities</td>
<td> </td>
<td> </td>
<td align="right">45</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">193</td>
</tr>
<tr style="font-size: 1px">
<td colspan="8" 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"> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:0px; text-indent:-0px">Total Liability
Derivatives designated
as hedging instruments
under ASC 815-20
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">        $</td>
<td> </td>
<td align="right">134</td>
<td> </td>
<td align="right">        $</td>
<td> </td>
<td align="right">580</td>
</tr>
<tr style="font-size: 1px">
<td colspan="5" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td colspan="2" align="right" style="border-top: 2px solid #000000"> </td>
<td> </td> <td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 2px solid #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="center" style="font-size: 10pt; margin-top: 0pt">
</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 Effect of Derivative Instruments Gains and Losses</b>
</div>
<div align="center" style="font-size: 10pt; margin-top: 0pt; border-bottom: 1px solid #000000"><b>for the Three Month Periods Ended September 30, 2009 and 2008</b>
</div>
<div align="left">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="50%">
<!-- Begin Table Head -->
<tr valign="bottom" style="font-size: 16pt">
<td width="28%"> </td>
<td width="1%"> </td>
<td width="22%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="11%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="11%"> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="center"><b>Derivatives in</b></td>
<td> </td>
<td nowrap="nowrap" align="center"><b>Location of</b></td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6"> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="center"><b>ASC 815-20</b></td>
<td> </td>
<td nowrap="nowrap" align="center"><b>Gain</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5"><b>Amount of Gain</b></td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="center"><b>Fair Value</b></td>
<td> </td>
<td nowrap="nowrap" align="center"><b>Recognized in</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5"><b>Recognized</b></td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="center"><b>Hedging</b></td>
<td> </td>
<td nowrap="nowrap" align="center"><b>Income on</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5"><b>in Income</b></td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="center" style="border-bottom: 1px solid #000000"><b>Relationships</b></td>
<td> </td>
<td nowrap="nowrap" align="center" style="border-bottom: 1px solid #000000"><b>Derivatives</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5" style="border-bottom: 1px solid #000000"><b>on Derivatives</b></td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="left" style="border-bottom: 0px solid #000000"> </td>
<td> </td>
<td nowrap="nowrap" align="center" style="border-bottom: 0px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="1" style="border-bottom: 1px solid #000000"><b>2009</b></td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="1" style="border-bottom: 1px solid #000000"><b>2008</b></td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:0px; text-indent:-0px">Interest Rate <br />Contracts
</div></td>
<td> </td>
<td align="left" valign="top">  Interest <br />  expense</td>
<td> </td>
<td align="right">$</td>
<td align="right">6</td>
<td> </td>
<td> </td>
<td align="right">$</td>
<td align="right">4</td>
</tr>
<tr style="font-size: 1px">
<td colspan="6" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="1" align="right" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:0px; text-indent:-0px">Total derivatives
</div></td>
<td> </td>
<td align="left" valign="top"> </td>
<td> </td>
<td align="right">$</td>
<td align="right">6</td>
<td> </td>
<td> </td>
<td align="right">$</td>
<td align="right">4</td>
</tr>
<tr style="font-size: 1px">
<td colspan="3" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="1" align="right" style="border-top: 2px solid #000000; border-top: 2px solid #000000"> </td>
<td style="border-top: 0px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="1" align="right" style="border-top: 2px solid #000000; border-top: 2px solid #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</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: 16pt">
<td width="12%"> </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="7%"> </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="7%"> </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: 10pt" valign="bottom">
<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> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5" style="border-bottom: 0px solid #000000"><b>Amount of Gain</b></td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<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> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5" style="border-bottom: 0px solid #000000"><b> or (Loss)</b></td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center"><b>Location of</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5"><b> </b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center"><b>Location of</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5"><b> Recognized in Income</b></td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center"><b>Gain or</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5"><b> </b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center"><b>Gain or</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5"><b>on Derivatives</b></td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="center"><b>Derivatives in</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5"><b>Amount of Gain or</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center"><b>(Loss)</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5"><b>Amount of Gain or</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center"><b>(Loss)</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5"><b>(Ineffective Portion</b></td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="center"><b>ASC 815-20</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5" style="border-bottom: 0px solid #000000"><b>(Loss) Recognized</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center"><b>Recognized</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5"><b>(Loss) Recognized</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center"><b>Recognized</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5"><b>and Amount</b></td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="center"><b>Cash Flow</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5" style="border-bottom: 0px solid #000000"><b>in OCI on</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center"><b>from</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5"><b>from AOCL</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center"><b>in Income</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5" style="border-bottom: 0px solid #000000"><b>Excluded from</b></td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="center"><b>Hedging</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5"><b>Derivatives</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center"><b>AOCL into</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5"><b>into Income</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center"><b>on</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5" style="border-bottom: 0px solid #000000"><b>Effectiveness</b></td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="center" style="border-bottom: 1px solid #000000"><b>Relationships</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5" style="border-bottom: 1px solid #000000"><b>(Effective Portion)</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" style="border-bottom: 1px solid #000000"><b>Income</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5" style="border-bottom: 1px solid #000000"><b>(Effective Portion)</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" style="border-bottom: 1px solid #000000"><b>Derivatives</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5" style="border-bottom: 1px solid #000000"><b>Testing)</b><sup style="font-size: 85%; vertical-align: text-top"><b>a</b></sup></td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="left" style="border-bottom: 0px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="1" style="border-bottom: 1px solid #000000"><b>2009</b></td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="1" style="border-bottom: 1px solid #000000"><b>2008</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" style="border-bottom: 0px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="1" style="border-bottom: 1px solid #000000"><b>2009</b></td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="1" style="border-bottom: 1px solid #000000"><b>2008</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" style="border-bottom: 0px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="1" style="border-bottom: 1px solid #000000"><b>2009</b></td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="1" style="border-bottom: 1px solid #000000"><b>2008</b></td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:0px; text-indent:0px">Fuel
<br />Contracts
</div></td>
<td> </td>
<td nowrap="nowrap" align="right">$</td>
<td align="right">(20)</td>
<td nowrap="nowrap"></td>
<td> </td>
<td nowrap="nowrap" align="right">$</td>
<td align="right">(136)</td>
<td nowrap="nowrap"></td>
<td> </td>
<td align="left" valign="top">Fuel <br />expense</td>
<td> </td>
<td nowrap="nowrap" align="right">$</td>
<td align="right">(38)</td>
<td nowrap="nowrap"></td>
<td> </td>
<td align="right">$</td>
<td align="right">17</td>
<td> </td>
<td> </td>
<td align="left" valign="top">Fuel <br />expense</td>
<td> </td>
<td align="right">$</td>
<td align="right">3</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right">$</td>
<td align="right">(6)</td>
<td style="background: #fffff" nowrap="nowrap"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:0px; text-indent:0px">Interest Rate
<br />Contracts
</div></td>
<td> </td>
<td> </td>
<td align="right">1</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">8</td>
<td> </td>
<td> </td>
<td align="left" valign="top">Interest expense</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1)</td>
<td nowrap="nowrap"></td>
<td> </td>
<td> </td>
<td align="right">–</td>
<td> </td>
<td> </td>
<td align="left" valign="top">Interest expense</td>
<td> </td>
<td> </td>
<td align="right">–</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">–</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="4" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="1" align="right" style="border-top: 1px solid #000000; border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td colspan="4" valign="top" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="1" align="right" style="border-top: 1px solid #000000; border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td colspan="4" valign="top" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="1" align="right" style="border-top: 1px solid #000000; border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:0px; text-indent:0px">Total derivatives
</div></td>
<td> </td>
<td nowrap="nowrap" align="right">$</td>
<td align="right">(19)</td>
<td nowrap="nowrap"></td>
<td> </td>
<td nowrap="nowrap" align="right">$</td>
<td align="right">(128)</td>
<td nowrap="nowrap"></td>
<td> </td>
<td align="left" valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right">$</td>
<td align="right">(39)</td>
<td nowrap="nowrap"></td>
<td> </td>
<td align="right">$</td>
<td align="right">17</td>
<td> </td>
<td> </td>
<td align="left" valign="top"> </td>
<td> </td>
<td align="right">$</td>
<td align="right">3</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right">$</td>
<td align="right">(6)</td>
<td style="background: #fffff" nowrap="nowrap"> </td>
</tr>
<tr style="font-size: 1px">
<td style="border-top: 1px solid #000000">
<div style="margin-left:0px; text-indent:-0px"> 
</div></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="1" align="right" style="border-top: 2px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="1" align="right" style="border-top: 2px solid #000000"> </td>
<td> </td>
<td> </td>
<td align="left" valign="top"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="1" align="right" style="border-top: 2px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="1" align="right" style="border-top: 2px solid #000000"> </td>
<td> </td>
<td> </td>
<td align="left" valign="top"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="1" align="right" style="border-top: 2px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="1" align="right" style="border-top: 2px solid #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="left" style="font-size: 10pt; margin-top: 10pt">a  No portion of the gain or (loss) was excluded from the assessment of hedge
effectiveness for the periods then ended.
</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: 30pt"><b>The Effect of Derivative Instruments Gains and Losses</b><br />
<b>for the Nine Month Periods Ended September 30, 2009 and 2008</b><br />
<div style="width: 100%; border-bottom: 1px solid #000000; font-size: 1px"> 
</div>
</div>
<div align="left">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="50%">
<!-- Begin Table Head -->
<tr valign="bottom" style="font-size: 16pt">
<td width="28%"> </td>
<td width="1%"> </td>
<td width="22%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="11%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="11%"> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="center"><b>Derivatives in</b></td>
<td> </td>
<td nowrap="nowrap" align="center"><b>Location of</b></td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6"> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="center"><b>ASC 815-20</b></td>
<td> </td>
<td nowrap="nowrap" align="center"><b>Gain</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5"><b>Amount of Gain</b></td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="center"><b>Fair Value</b></td>
<td> </td>
<td nowrap="nowrap" align="center"><b>Recognized in</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5"><b>Recognized</b></td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="center"><b>Hedging</b></td>
<td> </td>
<td nowrap="nowrap" align="center"><b>Income on</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5"><b>in Income</b></td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="center" style="border-bottom: 1px solid #000000"><b>Relationships</b></td>
<td> </td>
<td nowrap="nowrap" align="center" style="border-bottom: 1px solid #000000"><b>Derivatives</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5" style="border-bottom: 1px solid #000000"><b>on Derivatives</b></td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="left" style="border-bottom: 0px solid #000000"> </td>
<td> </td>
<td nowrap="nowrap" align="center" style="border-bottom: 0px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="1" style="border-bottom: 1px solid #000000"><b>2009</b></td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="1" style="border-bottom: 1px solid #000000"><b>2008</b></td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:0px; text-indent:-0px">Interest Rate <br />Contracts
</div></td>
<td> </td>
<td align="left" valign="top">  Interest <br />  expense</td>
<td> </td>
<td align="right">$</td>
<td align="right">16</td>
<td> </td>
<td> </td>
<td align="right">$</td>
<td align="right">8</td>
</tr>
<tr style="font-size: 1px">
<td colspan="6" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="1" align="right" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:0px; text-indent:-0px">Total derivatives
</div></td>
<td> </td>
<td align="left" valign="top"> </td>
<td> </td>
<td align="right">$</td>
<td align="right">16</td>
<td> </td>
<td> </td>
<td align="right">$</td>
<td align="right">8</td>
</tr>
<tr style="font-size: 1px">
<td colspan="3" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="1" align="right" style="border-top: 2px solid #000000; border-top: 2px solid #000000"> </td>
<td style="border-top: 0px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="1" align="right" style="border-top: 2px solid #000000; border-top: 2px solid #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</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: 16pt">
<td width="12%"> </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="7%"> </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="7%"> </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: 10pt" valign="bottom">
<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> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5" style="border-bottom: 0px solid #000000"><b>Amount of Gain</b></td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<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> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5" style="border-bottom: 0px solid #000000"><b> or (Loss)</b></td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center"><b>Location of</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5"><b> </b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center"><b>Location of</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5"><b> Recognized in Income</b></td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center"><b>Gain or</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5"><b> </b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center"><b>Gain or</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5"><b>on Derivatives</b></td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="center"><b>Derivatives in</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5"><b>Amount of Gain or</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center"><b>(Loss)</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5"><b>Amount of Gain or</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center"><b>(Loss)</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5"><b>(Ineffective Portion</b></td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="center"><b>ASC 815-20</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5" style="border-bottom: 0px solid #000000"><b>(Loss) Recognized</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center"><b>Recognized</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5"><b>(Loss) Recognized</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center"><b>Recognized</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5"><b>and Amount</b></td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="center"><b>Cash Flow</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5" style="border-bottom: 0px solid #000000"><b>in OCI on</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center"><b>from</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5"><b>from AOCL</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center"><b>in Income</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5" style="border-bottom: 0px solid #000000"><b>Excluded from</b></td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="center"><b>Hedging</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5"><b>Derivatives</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center"><b>AOCL into</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5"><b>into Income</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center"><b>on</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5" style="border-bottom: 0px solid #000000"><b>Effectiveness</b></td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="center" style="border-bottom: 1px solid #000000"><b>Relationships</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5" style="border-bottom: 1px solid #000000"><b>(Effective Portion)</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" style="border-bottom: 1px solid #000000"><b>Income</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5" style="border-bottom: 1px solid #000000"><b>(Effective Portion)</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" style="border-bottom: 1px solid #000000"><b>Derivatives</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5" style="border-bottom: 1px solid #000000"><b>Testing)</b><sup style="font-size: 85%; vertical-align: text-top"><b>a</b></sup></td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="left" style="border-bottom: 0px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="1" style="border-bottom: 1px solid #000000"><b>2009</b></td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="1" style="border-bottom: 1px solid #000000"><b>2008</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" style="border-bottom: 0px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="1" style="border-bottom: 1px solid #000000"><b>2009</b></td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="1" style="border-bottom: 1px solid #000000"><b>2008</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" style="border-bottom: 0px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="1" style="border-bottom: 1px solid #000000"><b>2009</b></td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="1" style="border-bottom: 1px solid #000000"><b>2008</b></td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:0px; text-indent:0px">Fuel
<br />Contracts
</div></td>
<td> </td>
<td nowrap="nowrap" align="right">$</td>
<td align="right">152</td>
<td nowrap="nowrap"></td>
<td> </td>
<td nowrap="nowrap" align="right">$</td>
<td align="right">(16)</td>
<td nowrap="nowrap"></td>
<td> </td>
<td align="left" valign="top">Fuel <br />expense</td>
<td> </td>
<td nowrap="nowrap" align="right">$</td>
<td align="right">(204)</td>
<td nowrap="nowrap"></td>
<td> </td>
<td align="right">$</td>
<td align="right">50</td>
<td> </td>
<td> </td>
<td align="left" valign="top">Fuel <br />expense</td>
<td> </td>
<td align="right">$</td>
<td align="right">19</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right">$</td>
<td align="right">(6)</td>
<td style="background: #fffff" nowrap="nowrap"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:0px; text-indent:0px">Interest Rate
<br />Contracts
</div></td>
<td> </td>
<td> </td>
<td align="right">66</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">–</td>
<td> </td>
<td> </td>
<td align="left" valign="top">Interest expense</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1)</td>
<td nowrap="nowrap"></td>
<td> </td>
<td> </td>
<td align="right">–</td>
<td> </td>
<td> </td>
<td align="left" valign="top">Interest expense</td>
<td> </td>
<td> </td>
<td align="right">–</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">–</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="4" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="1" align="right" style="border-top: 1px solid #000000; border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td colspan="4" valign="top" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="1" align="right" style="border-top: 1px solid #000000; border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td colspan="4" valign="top" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="1" align="right" style="border-top: 1px solid #000000; border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:0px; text-indent:0px">Total derivatives
</div></td>
<td> </td>
<td nowrap="nowrap" align="right">$</td>
<td align="right">218</td>
<td nowrap="nowrap"></td>
<td> </td>
<td nowrap="nowrap" align="right">$</td>
<td align="right">(16)</td>
<td nowrap="nowrap"></td>
<td> </td>
<td align="left" valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right">$</td>
<td align="right">(205)</td>
<td nowrap="nowrap"></td>
<td> </td>
<td align="right">$</td>
<td align="right">50</td>
<td> </td>
<td> </td>
<td align="left" valign="top"> </td>
<td> </td>
<td align="right">$</td>
<td align="right">19</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right">$</td>
<td align="right">(6)</td>
<td style="background: #fffff" nowrap="nowrap"> </td>
</tr>
<tr style="font-size: 1px">
<td style="border-top: 1px solid #000000">
<div style="margin-left:0px; text-indent:-0px"> 
</div></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="1" align="right" style="border-top: 2px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="1" align="right" style="border-top: 2px solid #000000"> </td>
<td> </td>
<td> </td>
<td align="left" valign="top"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="1" align="right" style="border-top: 2px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="1" align="right" style="border-top: 2px solid #000000"> </td>
<td> </td>
<td> </td>
<td align="left" valign="top"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="1" align="right" style="border-top: 2px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="1" align="right" style="border-top: 2px 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="48%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="10%"> </td>
<td width="1%"> </td>
<td width="7%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="2%"> </td>
<td width="7%"> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="center"><b>Derivatives</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="7"> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="center"><b> Not</b></td>
<td> </td>
<td align="center"><b>Location of</b></td>
<td nowrap="nowrap" align="center" colspan="7"> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="center"><b>Designated as</b></td>
<td> </td>
<td nowrap="nowrap" align="center"><b>(Loss)</b></td>
<td nowrap="nowrap" align="center" colspan="7"> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="center"><b>Hedging</b></td>
<td> </td>
<td nowrap="nowrap" align="center"><b>Recognized </b></td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5"><b>Amount of (Loss)</b></td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="center"><b>Instruments</b></td>
<td> </td>
<td nowrap="nowrap" align="center"><b>in</b></td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5"><b>Recognized</b></td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="center"><b>under</b></td>
<td> </td>
<td nowrap="nowrap" align="center"><b>Income on</b></td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5"><b>in Income</b></td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="center" style="border-bottom: 1px solid #000000"><b>ASC 815-20</b></td>
<td> </td>
<td nowrap="nowrap" align="center" style="border-bottom: 1px solid #000000"><b>Derivatives</b></td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="5" style="border-bottom: 1px solid #000000"><b>on Derivatives</b></td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="3" style="border-bottom: 1px solid #000000"><b>2009</b></td>
<td> </td>
<td nowrap="nowrap" align="center" style="border-bottom: 1px solid #000000"><b>2008</b></td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td valign="top">
<div style="margin-left:0px; text-indent:-0px">Interest Rate Contracts
</div></td>
<td> </td>
<td>
<div style="text-align: justify">Interest expense
</div></td>
<td nowrap="nowrap" align="right" valign="bottom">$</td>
<td align="right" valign="bottom" colspan="3">(32)</td>
<td nowrap="nowrap" align="right" valign="bottom">$</td>
<td align="right" valign="bottom">–</td>
</tr>
<tr style="font-size: 1px">
<td valign="top" style="border-top: 1px solid #000000">
<div style="margin-left:0px; text-indent:-0px"> 
</div></td>
<td style="border-top: 1px solid #000000"> </td>
<td align="left" valign="top" style="border-top: 1px solid #000000"> 
</td>
<td style="border-top: 1px solid #000000"> </td>
<td colspan="3" align="right" valign="bottom" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td align="left" valign="bottom" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td valign="top">
<div style="text-align: justify">
<div style="margin-left:0px; text-indent:-0px">Total derivatives
</div>
</div></td>
<td> </td>
<td>
<div style="text-align: justify"> 
</div></td>
<td nowrap="nowrap" align="right" valign="bottom">$</td>
<td align="right" valign="bottom" colspan="3">(32)</td>
<td nowrap="nowrap" align="right" valign="bottom">$</td>
<td align="right" valign="bottom">–</td>
</tr>
<tr style="font-size: 1px">
<td valign="top" style="border-top: 1px solid #000000">
<div style="text-align: justify">
<div style="margin-left:0px; text-indent:-0px"> 
</div>
</div></td>
<td style="border-top: 1px solid #000000"> </td>
<td align="left" valign="top" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td colspan="3" align="right" valign="bottom" style="border-top: 2px solid #000000"> </td>
<td> </td>
<td align="left" valign="bottom" style="border-top: 2px solid #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">a  No portion of the gain or (loss) was excluded from the assessment of hedge
effectiveness for the periods then ended.
</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: 30pt">          <u><b>Fuel</b></u>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          Fuel costs represented 22 percent and 34 percent of total operating expenses during the nine
month periods ended September 30, 2009 and 2008, 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 hedges to partially mitigate the risk of fluctuations in the price of its diesel
fuel purchases. The fuel hedges include the use of derivatives that are accounted for as cash flow
hedges. The hedging is intended to protect the Company’s operating margins and overall
profitability from adverse fuel price changes by entering into fuel-hedge instruments based on
management’s evaluation of current and expected diesel fuel price trends. 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. Based on locomotive fuel consumption
(which represents substantially all fuel consumption) during the twelve-month period ended
September 30, 2009, and excluding the impact of the hedges, each one-cent increase in the price of
fuel per gallon would result in approximately $12 million of additional fuel expense on an annual
basis. However, BNSF believes any fuel price increase would be substantially offset by the
Company’s fuel surcharge program.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt; margin-left: 1%"><b><i>Total Fuel-Hedging Activities</i></b>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          As of September 30, 2009, BNSF’s total fuel-hedging positions for the remainder of 2009, 2010,
2011, and 2012 covered approximately 22 percent, 20 percent, 16 percent, and 3 percent,
respectively, of the average annual locomotive fuel consumption over the past three years. Hedge
positions are closely monitored to ensure that they will not exceed actual fuel requirements in any
period.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          The amounts recorded in the Consolidated Balance Sheets for settled fuel-hedge transactions
were as follows (in millions):
</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">
<td width="68%"> </td>
<td width="5%"> </td>
<td width="3%"> </td>
<td width="7%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="3%"> </td>
<td width="7%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td style="border-top: 1px solid #000000"> </td>
<td style="border-top: 1px solid #000000"> </td>
<td style="border-top: 1px solid #000000" nowrap="nowrap" align="center" colspan="3"><b>September 30,</b></td>
<td style="border-top: 1px solid #000000"> </td>
<td style="border-top: 1px solid #000000" nowrap="nowrap" align="center" colspan="3"><b>December 31,</b></td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="3" style="border-bottom: 1px solid #000000"><b>2009</b></td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="3" style="border-bottom: 1px solid #000000"><b>2008</b></td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="line-height: 10pt"><!-- Blank Space -->
<td valign="top">
<div style="text-align: justify">
<div style="margin-left:0px; text-indent:-0px"> 
</div>
</div></td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"> </td>
<td valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"> </td>
<td valign="top"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td valign="top">
<div style="margin-left:0px; text-indent:-0px">Settled fuel-hedging contracts payable
</div></td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top">$</td>
<td colspan="2" align="right" valign="top">(38)</td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top">$</td>
<td colspan="2" align="right" valign="top">(38</td>
<td style="background: #fffff" nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td valign="top" style="border-top: 1px solid #000000">
<div style="margin-left:0px; text-indent:-0px"> 
</div></td>
<td> </td>
<td colspan="3" align="right" valign="top" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td colspan="3" align="right" valign="top" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          Certain of the Company’s fuel-hedge 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-hedge instruments under these provisions was in a net liability position on September 30, 2009
and December 31, 2008, of $43 million and $131 million, respectively, for which the Company posted
collateral of $8 million and $106 million, respectively. Additional collateral of $15 million and
$20 million was posted related to settled fuel-hedging contracts payable at September 30, 2009 and
December 31, 2008, respectively. The collateral was reflected as a reduction to either accounts
payable and other current liabilities or other liabilities in the Consolidated Balance Sheets,
depending on the expiration date of the related fuel hedges. The settled fuel-hedge liabilities
presented in the table above do not reflect a reduction for the posted collateral.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          The Company uses the forward commodity price for the periods hedged to value its fuel-hedge
swaps and costless collars. This methodology is a market approach, which under authoritative
accounting guidance related to fair value measurements utilizes Level 2 inputs as it uses
market data for similar instruments in active markets.
</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>
<b>
</b>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">     <u><b><i>New York Mercantile Exchange (NYMEX) #2 Heating Oil (HO) Hedges</i></b></u>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          As of September 30, 2009, BNSF had entered into fuel swap agreements utilizing NYMEX #2 HO.
The hedge prices do not include taxes, transportation costs, certain other fuel handling costs and
any differences that may occur between the prices of HO and the purchase price of BNSF’s diesel
fuel. Over the twelve months ended September 30, 2009, the sum of all such costs averaged
approximately 17 cents per gallon.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          During the first nine months of 2009, the Company entered into fuel swap agreements utilizing
HO to hedge the equivalent of approximately 77.35 million gallons of fuel with an average swap
price of $1.95 per gallon. The following table provides fuel-hedge data based on the quarter being
hedged for all HO fuel hedges outstanding as of September 30, 2009.
</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="33%"> </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>
<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>
</tr>
<tr style="font-size: 1px">
<td colspan="20" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="14" style="border-bottom: 1px solid #000000"><b>Quarter Ending</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="left" style="border-bottom: 0px solid #000000"><b>2010</b></td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>March 31,</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>June 30,</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>September 30,</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>December 31,</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>Annual</b></td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>HO Swaps</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>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Gallons hedged (in millions)
</div></td>
<td> </td>
<td> </td>
<td align="right">5.60</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">8.35</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">6.10</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">6.50</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">26.55</td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Average swap price (per gallon)
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">1.79</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">1.81</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">1.87</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">1.93</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">1.85</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Fair value (in millions)
</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 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 align="right">3</td>
</tr>
<tr style="font-size: 1px">
<td colspan="20" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="font-size:12pt">
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="20" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="14" style="border-bottom: 1px solid #000000"><b>Quarter Ending</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="left" style="border-bottom: 0px solid #000000"><b>2011</b></td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>March 31,</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>June 30,</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>September 30,</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>December 31,</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>Annual</b></td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>HO Swaps</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>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Gallons hedged (in millions)
</div></td>
<td> </td>
<td> </td>
<td align="right">8.30</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">8.30</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">7.50</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">7.50</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">31.60</td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Average swap price (per gallon)
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">1.91</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">1.89</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">1.95</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">2.01</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">1.94</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Fair value (in millions)
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">2</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">2</td>
<td> </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 align="right">6</td>
</tr>
<tr style="font-size: 1px">
<td colspan="20" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="font-size:12pt">
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="20" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="14" style="border-bottom: 1px solid #000000"><b>Quarter Ending</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="left" style="border-bottom: 0px solid #000000"><b>2012</b></td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>March 31,</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>June 30,</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>September 30,</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>December 31,</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>Annual</b></td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>HO Swaps</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>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Gallons hedged (in millions)
</div></td>
<td> </td>
<td> </td>
<td align="right">17.20</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2.00</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">–</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">–</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">19.20</td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Average swap price (per gallon)
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">2.08</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">2.18</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">–</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">–</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">2.09</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Fair value (in millions)
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">2</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">–</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">–</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">–</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">2</td>
</tr>
<tr style="font-size: 1px">
<td colspan="20" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 24pt">     <u><b><i>West Texas Intermediate (WTI) Crude Oil Hedges</i></b></u>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          In addition, BNSF enters into fuel swap and costless collar agreements utilizing WTI crude
oil. The hedge prices do not include taxes, transportation costs, certain other fuel handling costs
and any differences which may occur between the prices of WTI and the purchase price of BNSF’s
diesel fuel, including refining costs. Over the twelve months ended September 30, 2009, the sum of
all such costs averaged approximately 43 cents per gallon.
</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>
<b>
</b>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          During the first nine months of 2009, the Company entered into fuel swap agreements utilizing
WTI to hedge the equivalent of approximately 890 thousand barrels of fuel with an average swap
price of $76.44 per barrel and costless collar agreements utilizing WTI to hedge the equivalent of
approximately 80 thousand barrels of fuel with an average call price of $79.86 per barrel and an
average put price of $70.06 per barrel. The following table provides fuel-hedge data based on the
quarter being hedged for all WTI fuel hedges outstanding as of September 30, 2009.
</div>
<div align="justify">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="50%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="87%"> </td>
<td width="5%"> </td>
<td width="3%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="4" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>  Quarter Ending</b></td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="left" style="border-bottom: 0px solid #000000"><b>2009</b></td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>December 31,</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"><b>WTI Swaps</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td style="background: #fffff"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Barrels hedged (in thousands)
</div></td>
<td> </td>
<td> </td>
<td align="right">1,425</td>
<td style="background: #fffff"> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Equivalent gallons hedged (in millions)
</div></td>
<td> </td>
<td> </td>
<td align="right">59.85</td>
<td style="background: #fffff"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Average swap price (per barrel)
</div></td>
<td> </td>
<td align="right">  $</td>
<td align="right">75.72</td>
<td style="background: #fffff"> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Fair value (in millions)
</div></td>
<td> </td>
<td nowrap="nowrap" align="right">  $</td>
<td align="right">(7</td>
<td nowrap="nowrap" style="background: #fffff">)</td>
</tr>
<tr valign="bottom" style="font-size:14pt"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td style="background: #fffff"> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>WTI Costless Collars</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td style="background: #fffff"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Barrels hedged (in thousands)
</div></td>
<td> </td>
<td> </td>
<td align="right">475</td>
<td style="background: #fffff"> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Equivalent gallons hedged (in millions)
</div></td>
<td> </td>
<td> </td>
<td align="right">19.95</td>
<td style="background: #fffff"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Average cap price (per barrel)
</div></td>
<td> </td>
<td align="right">  $</td>
<td align="right">135.46</td>
<td style="background: #fffff"> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Average floor price (per barrel)
</div></td>
<td> </td>
<td align="right">  $</td>
<td align="right">125.38</td>
<td style="background: #fffff"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Fair value (in millions)
</div></td>
<td> </td>
<td nowrap="nowrap" align="right">  $</td>
<td align="right">(25</td>
<td nowrap="nowrap" style="background: #fffff">)</td>
</tr>
<tr style="font-size: 1px">
<td colspan="4" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</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="33%"> </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>
<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 style="font-size: 1px">
<td colspan="20" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="14" style="border-bottom: 1px solid #000000"><b>Quarter Ending</b></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="left" style="border-bottom: 0px solid #000000"><b>2010</b></td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>March 31,</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>June 30,</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>September 30,</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>December 31,</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>Annual</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"><b>WTI Swaps</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>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="background: #fffff"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Barrels hedged (in thousands)
</div></td>
<td> </td>
<td> </td>
<td align="right">1,210</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,110</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,125</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,235</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4,680</td>
<td style="background: #fffff"> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Equivalent gallons hedged (in millions)
</div></td>
<td> </td>
<td> </td>
<td align="right">50.82</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">46.62</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">47.25</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">51.87</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">196.56</td>
<td style="background: #fffff"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Average swap price (per barrel)
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">85.05</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">87.89</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">87.82</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">86.27</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">86.71</td>
<td style="background: #fffff"> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Fair value (in millions)
</div></td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(15</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(15</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(14</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(12</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(56</td>
<td nowrap="nowrap" style="background: #fffff">)</td>
</tr>
<tr valign="bottom" style="font-size:14pt"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="background: #fffff"> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>WTI Costless Collars</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="background: #fffff"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Barrels hedged (in thousands)
</div></td>
<td> </td>
<td> </td>
<td align="right">420</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">420</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">420</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">320</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,580</td>
<td style="background: #fffff"> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Equivalent gallons hedged (in millions)
</div></td>
<td> </td>
<td> </td>
<td align="right">17.64</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">17.64</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">17.64</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">13.44</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">66.36</td>
<td style="background: #fffff"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Average cap price (per barrel)
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">78.23</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">79.79</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">81.33</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">82.84</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">80.40</td>
<td style="background: #fffff"> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Average floor price (per barrel)
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">72.35</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">73.84</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">75.15</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">76.54</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">74.34</td>
<td style="background: #fffff"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Fair value (in millions)
</div></td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(1</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(1</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(1</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(1</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(4</td>
<td nowrap="nowrap" style="background: #fffff">)</td>
</tr>
<tr style="font-size: 1px">
<td colspan="20" align="left" 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>
<b>
</b>
</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="33%"> </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>
<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 style="font-size: 1px">
<td colspan="20" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="14" style="border-bottom: 1px solid #000000"><b>Quarter Ending</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"> </td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="left" style="border-bottom: 0px solid #000000"><b>2011</b></td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>March 31,</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>June 30,</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>September 30,</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>December 31,</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>Annual</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"><b>WTI Swaps</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>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="background: #fffff"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Barrels hedged (in thousands)
</div></td>
<td> </td>
<td> </td>
<td align="right">995</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,000</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,005</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,055</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4,055</td>
<td style="background: #fffff"> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Equivalent gallons hedged (in millions)
</div></td>
<td> </td>
<td> </td>
<td align="right">41.79</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">42.00</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">42.21</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">44.31</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">170.31</td>
<td style="background: #fffff"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Average swap price (per barrel)
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">85.59</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">85.20</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">85.52</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">85.88</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">85.55</td>
<td style="background: #fffff"> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Fair value (in millions)
</div></td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(8</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(8</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(7</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(8</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(31</td>
<td nowrap="nowrap" style="background: #fffff">)</td>
</tr>
<tr style="font-size: 10pt">
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>WTI Costless Collars</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>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="background: #fffff"> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Barrels hedged (in thousands)
</div></td>
<td> </td>
<td> </td>
<td align="right">200</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">200</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">200</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">200</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">800</td>
<td style="background: #fffff"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Equivalent gallons hedged (in millions)
</div></td>
<td> </td>
<td> </td>
<td align="right">8.40</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">8.40</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">8.40</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">8.40</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">33.60</td>
<td style="background: #fffff"> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Average cap price (per barrel)
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">84.00</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">84.70</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">85.39</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">86.10</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">85.05</td>
<td style="background: #fffff"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Average floor price (per barrel)
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">77.75</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">78.40</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">79.05</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">79.70</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">78.73</td>
<td style="background: #fffff"> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Fair value (in millions)
</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>
<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>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(4</td>
<td nowrap="nowrap" style="background: #fffff">)</td>
</tr>
<tr style="font-size: 1px">
<td colspan="20" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="20" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="14" style="border-bottom: 1px solid #000000"><b>Quarter Ending</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"> </td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="left" style="border-bottom: 0px solid #000000"><b>2012</b></td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>March 31,</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>June 30,</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>September 30,</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>December 31,</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>Annual</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"><b>WTI Swaps</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>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="background: #fffff"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Barrels hedged (in thousands)
</div></td>
<td> </td>
<td> </td>
<td align="right">205</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">200</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">–</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">–</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">405</td>
<td style="background: #fffff"> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Equivalent gallons hedged (in millions)
</div></td>
<td> </td>
<td> </td>
<td align="right">8.61</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">8.40</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">–</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">–</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">17.01</td>
<td style="background: #fffff"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Average swap price (per barrel)
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">76.95</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">77.52</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">–</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">–</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">77.23</td>
<td style="background: #fffff"> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Fair value (in millions)
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">–</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">–</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">–</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">–</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">–</td>
<td style="background: #fffff"> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="20" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">     <u><b><i>NYMEX #2 Heating Oil Refining Spread Hedges</i></b></u>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          During the first nine months of 2009, the Company entered into fuel swap agreements utilizing
the HO refining spread (HO-WTI) to hedge the equivalent of approximately 250 thousand barrels of
fuel with an average swap price of $8.06 per barrel. HO-WTI is the difference in price between HO
and WTI; therefore, a HO-WTI swap in combination with a WTI swap is equivalent to a HO swap. The
following table provides fuel-hedge data based upon the quarter being hedged for all HO-WTI fuel
hedges outstanding as of September 30, 2009.
</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="33%"> </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>
<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 style="font-size: 1px">
<td colspan="20" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="14" style="border-bottom: 1px solid #000000"><b>Quarter Ending</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"> </td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="left" style="border-bottom: 0px solid #000000"><b>2010</b></td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>March 31,</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>June 30,</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>September 30,</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>December 31,</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>Annual</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"><b>HO-WTI Swaps</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>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="background: #fffff"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Barrels hedged (in thousands)
</div></td>
<td> </td>
<td> </td>
<td align="right">115</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">90</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">45</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">–</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">250</td>
<td style="background: #fffff"> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Equivalent gallons hedged (in millions)
</div></td>
<td> </td>
<td> </td>
<td align="right">4.83</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3.78</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1.89</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">–</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">10.50</td>
<td style="background: #fffff"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Average swap price (per barrel)
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">7.70</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">7.95</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">9.20</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">–</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">8.06</td>
<td style="background: #fffff"> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Fair value (in millions)
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">–</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">–</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">–</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">–</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">–</td>
<td style="background: #fffff"> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="20" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt"><u><b>Interest Rate</b></u>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          From time to time, the Company enters into various interest rate hedging transactions for the
purpose of managing exposure to fluctuations in interest rates by establishing rates in
anticipation of both future debt issuances and the refinancing of leveraged leases, as well as
converting a portion of its fixed-rate long-term debt to floating-rate debt. The Company uses
interest rate swaps and treasury locks as part of its interest rate risk management strategy.
</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>
<b>
</b>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 12pt"><b>Total Interest Rate Hedging Program</b>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          All interest rate hedge transactions outstanding are reflected in the following table:
</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="20%"> </td>
<td width="3%"> </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>
<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 colspan="32" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr style="font-size: 9pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="30" style="border-bottom: 1px solid #000000"><b>September 30, 2009</b></td>
<td> </td>
</tr>
<tr style="font-size: 9pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="22" style="border-bottom: 1px solid #000000"><b>Maturity Date</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>Fair</b></td>
<td> </td>
</tr>
<tr style="font-size: 9pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>2010</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>2011</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>2012</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>2013</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>Thereafter</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>Total</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>Value</b></td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="font-size:14pt"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</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>
<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> </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:15px; text-indent:-15px"><b>Fair Value Hedges</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>
<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> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="background: #fffff"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Fixed to variable swaps<br />
(in millions)
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">–</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">250</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">–</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">–</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">–</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">400</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">650</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">45</td>
<td nowrap="nowrap"><sup>a</sup></td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Average fixed rate
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">–</td>
<td nowrap="nowrap">%</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">7.13</td>
<td nowrap="nowrap">%</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">–</td>
<td nowrap="nowrap">%</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">–</td>
<td nowrap="nowrap">%</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">–</td>
<td nowrap="nowrap">%</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">5.75</td>
<td nowrap="nowrap">%</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">6.28</td>
<td nowrap="nowrap">%</td>
<td> </td>
<td> </td>
<td> </td>
<td style="background: #fffff"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Average floating rate
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">–</td>
<td nowrap="nowrap">%</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">3.17</td>
<td nowrap="nowrap">%</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">–</td>
<td nowrap="nowrap">%</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">–</td>
<td nowrap="nowrap">%</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">–</td>
<td nowrap="nowrap">%</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">1.70</td>
<td nowrap="nowrap">%</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">2.27</td>
<td nowrap="nowrap">%</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="32" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 8pt">a  Fair value includes $4 million of accrued interest.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          BNSF’s measurement of the fair value of interest rate derivatives is based on estimates of the
mid-market values for the transactions which are provided by the counterparties to these
agreements. BNSF reviews these estimates for reasonableness. This methodology is a market approach,
which under authoritative accounting guidance related to fair value measurements utilizes Level 2
inputs as it uses market data for similar instruments in active markets.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">     <b><i>Fair Value Interest Rate Hedges</i></b>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          The Company enters into interest rate swaps to convert fixed-rate long-term debt to
floating-rate debt. These swaps are accounted for as fair value hedges under authoritative
accounting guidance related to derivatives and hedging. These fair value hedges qualify for the
short-cut method of recognition; therefore, no portion of these swaps is treated as ineffective.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          The gain or loss on the fair value hedges as well as the offsetting loss or gain on the hedged
items (fixed-rate debt) attributable to the hedged risk are recorded in current earnings. The
Company includes the gain or loss on the fixed-rate debt in the same line item - interest expense -
as the offsetting loss or gain on the related interest rate swaps 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="25%"> </td>
<td width="3%"> </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>
<td width="2%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="4%"> </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>
<td width="2%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="14" style="border-bottom: 1px solid #000000"><b>Gain (Loss) on Interest Rate Swaps</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="14" style="border-bottom: 1px solid #000000"><b>Gain (Loss) on Fixed-rate Debt</b></td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6"><b>Three Months</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6"><b>Nine Months</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6"><b>Three Months</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6"><b>Nine Months</b></td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="center"><b>Income Statement</b></td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6"><b>Ended</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6"><b>Ended</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6"><b>Ended</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6"><b>Ended</b></td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="center" style="border-bottom: 1px solid #000000"><b>Classification</b></td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>September 30,</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>September 30,</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>September 30,</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>September 30,</b></td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="left" style="border-bottom: 0px solid #000000"> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2008</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2008</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2008</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2008</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">Interest expense
</div></td>
<td align="right"> </td>
<td>$</td>
<td align="right">9</td>
<td> </td>
<td align="right"> </td>
<td>$</td>
<td align="right">7</td>
<td> </td>
<td align="right"> </td>
<td>$</td>
<td align="right">(32</td>
<td nowrap="nowrap">)</td>
<td align="right"> </td>
<td>$</td>
<td align="right">(3</td>
<td nowrap="nowrap">)</td>
<td align="right"> </td>
<td>$</td>
<td align="right">(9</td>
<td nowrap="nowrap">)</td>
<td align="right"> </td>
<td>$</td>
<td align="right">(7</td>
<td nowrap="nowrap">)</td>
<td align="right"> </td>
<td>$</td>
<td align="right">32</td>
<td> </td>
<td align="right"> </td>
<td>$</td>
<td align="right">3</td>
<td style="background: #fffff"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          As of September 30, 2009 and December 31, 2008, BNSF had entered into nine and eleven separate
swaps, respectively, with an aggregate notional amount of $650 million and $850 million,
respectively, in which it pays an average floating rate, which fluctuates quarterly, based on
LIBOR. The average floating rate to be paid by BNSF as of September 30, 2009, was 2.27 percent, and
the average fixed rate BNSF is to receive was 6.28 percent.
</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>
<b>
</b>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">     <b><i>Cash Flow Interest Rate Hedges</i></b>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          In September 2009, the Company entered into a treasury lock having a notional amount of $500
million and a locked-in rate of 3.46 percent, to fix a portion of the rate for a 10-year unsecured
debt issuance. The treasury lock was terminated in connection with the issuance of $750 million
10-year notes (see Note 4 to the Consolidated Financial Statements). Upon termination, BNSF
received approximately $600 thousand from the counterparty, which will be amortized as a reduction
to interest expense over the life of the issued debt. This transaction was accounted for as a cash
flow hedge. As of September 30, 2009, no cash flow hedges were outstanding.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          In anticipation of a future debt issuance, the Company entered into five treasury locks during
2008 having an aggregate notional amount of $250 million, and an average locked-in rate of 4.18
percent, to fix a portion of the rate for a future 30-year unsecured debt issuance. The Company
also entered into six treasury locks during 2008 having an aggregate notional amount of $150
million, and an average locked-in rate of 3.80 percent, to fix a portion of the rate for a future
10-year unsecured debt issuance. These transactions were previously accounted for as cash flow
hedges. However, during the first quarter of 2009, the Company determined that it was no longer
probable that it would issue debt according to the terms of the hedges. As such, hedge accounting
could no longer be applied to the treasury locks. The treasury locks were terminated in early April
and $32 million was paid to the counterparties, which was the fair value of the treasury locks at
the date of termination. Therefore, a net $32 million loss was recognized as an increase to
interest expense.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          AOCL included $8 million and $6 million of unrecognized gains on closed hedges as of September
30, 2009 and December 31, 2008, respectively. These amounts will be amortized to interest expense
over the life of the corresponding issued debt.
</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 align="justify" style="font-size: 10pt; margin-top: 10pt"><b>3.</b>   <b>Accounts Receivable, Net</b>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          BNSF Railway sells a portion of its accounts receivable to Santa Fe Receivables Corporation
(SFRC), a special purpose subsidiary. The sole purpose and activity of SFRC is to purchase
receivables from BNSF Railway. 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 sales program). The undivided interests in the master trust may
be in the form of certificates or purchased interests and are isolated from BNSF Railway which
eliminates all of BNSF Railway’s control over the undivided interest. SFRC periodically incurs
minor legal fees that are paid by BNSF Railway and are financed through short-term intercompany
payables.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          BNSF Railway’s total capacity to sell undivided interests to investors under the A/R sales
program was $700 million at September 30, 2009, which was comprised of two $175 million, 364-day
accounts receivable facilities and two $175 million, 3-year accounts receivable facilities. Both
364-day facilities will mature in November 2009 and are expected to be renewed. The two 3-year
facilities will mature in November 2010. Each of the financial institutions providing credit for
the facilities is rated Aa3/A+ or higher. There was no outstanding interest held by investors under
the A/R sales program at September 30, 2009. Outstanding undivided interests held by investors
under the A/R sales program were $50 million at December 31, 2008, with $12.5 million outstanding
under each of the four facilities. These undivided interests in receivables are excluded from
accounts receivable by BNSF Railway in connection with the sale of undivided interests under the
A/R sales program. As of September 30, 2009 and December 31, 2008, an interest in $864 million and
$878 million, respectively, of receivables had been transferred by SFRC to the master trust. When
SFRC transfers the interest in these receivables to the master trust, it retains an undivided
interest in the receivables, which is included in accounts receivable in the Company’s Consolidated
Financial Statements. The interest that continues to be held by SFRC of $864 million and $828
million at September 30, 2009 and December 31, 2008, respectively, less an allowance for
uncollectible accounts, reflected the total accounts receivable transferred by SFRC to the master
trust less $50 million of outstanding undivided interests held by investors at December 31, 2008.
Due to a relatively short collection cycle, the fair value of the undivided interest transferred to
investors in the A/R sales program approximated book value, and there was no gain or loss from the
transaction.
</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>
<b>
</b>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          BNSF Railway retains the collection responsibility with respect to the accounts receivable.
Proceeds from collections reinvested in the A/R sales program were approximately $11.2 billion and
$14.5 billion for the nine months ended September 30, 2009 and 2008, respectively. No servicing
asset or liability has been recorded because the fees BNSF Railway receives for servicing the
receivables approximate the related costs. SFRC’s costs of the sale of receivables are included in
other expense, net and were $2 million and $9 million for the nine months ended September 30, 2009
and 2008, respectively. These costs fluctuate monthly with changes in prevailing interest rates as
well as unused available commitments and include interest, discounts associated with transferring
the receivables under the A/R sales program to SFRC, program fees paid to banks, incidental
commercial paper issuing costs and fees for unused commitment availability.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          The amount of accounts receivable sold by BNSF Railway fluctuates based on borrowing needs and
upon the availability of receivables and is directly affected by changing business volumes and
credit risks, including dilution and delinquencies. In order for there to be an impact on the
amount of receivables BNSF Railway could sell, the combined dilution and delinquency percentages
would have to exceed an established threshold. BNSF Railway has historically experienced very low
levels of dilution or delinquency and was below the established reserve threshold at September 30,
2009. Based on the current levels, if dilution or delinquency percentages were to increase by one
percentage point, there would be no impact to the amount of receivables BNSF Railway could sell.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          Receivables eligible under the A/R sales program do not include receivables over 90 days past
due or concentrations over certain limits with any one customer and certain other receivables. At
September 30, 2009 and December 31, 2008, $15 million and $9 million, respectively, of such
accounts receivable were greater than 90 days old.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          BNSF Railway maintains an allowance for bill adjustments and uncollectible accounts based upon
the expected collectibility of accounts receivable, including receivables transferred to the master
trust. At September 30, 2009 and December 31, 2008, $31 million and $43 million, respectively, of
such allowances had been recorded, of which $31 million and $42 million, respectively, had been
recorded as a reduction to accounts receivable, net. The remaining $1 million at December 31, 2008
had been recorded in other current liabilities because it related to the outstanding undivided
interests held by investors. During the nine months ended September 30, 2009 and 2008, $6 million
and $5 million, respectively, of accounts receivable were written off, net of recoveries. Credit
losses are based on specific identification of uncollectible accounts and application of historical
collection percentages by aging category.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          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 unless and until all claims of their respective creditors have been
paid. The A/R sales program includes thresholds for dilution, delinquency, and write-off ratios
that, if exceeded, allow the investors participating in this program, at their option, to cancel
the program. At September 30, 2009, BNSF Railway was in compliance with these provisions.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          See Note 10 to the Consolidated Financial Statements for information about recent accounting
pronouncements that will have an impact on the A/R sales program upon adoption.
</div>
</div>
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<div style="font-family: 'Times New Roman',Times,serif">
<div align="justify" style="font-size: 10pt; margin-top: 10pt"><b>4.</b>   <b>Debt</b>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt"><u><b>Revolving Credit Facility and Commercial Paper</b></u>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          As of September 30, 2009, 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 0.08 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 September 30, 2009, the Company was in compliance with
these covenants.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          At September 30, 2009, there were no bank borrowings against the revolving credit agreement.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          BNSF issues commercial paper from time to time that is supported by the revolving bank credit
facility. Outstanding commercial paper balances reduce the amount of borrowings available under
this agreement. 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. At
December 31, 2008, the Company classified outstanding commercial paper as long-term debt.
</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>
<b>
</b>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          No commercial paper was outstanding as of September 30, 2009.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt"><u><b>Notes and Debentures</b></u>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          In September 2009, BNSF issued $750 million of 4.7 percent notes due October 1, 2019. The net
proceeds from the sale of the notes are being used for general corporate purposes which may
include, but are not limited to, working capital, capital expenditures, repurchase of common stock
pursuant to the share repurchase program, and repayment of outstanding indebtedness.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          At September 30, 2009, $750 million remained authorized by the Board of Directors to be issued
through a SEC debt shelf registration statement.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt"><u><b>Equipment Obligation</b></u>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          In July 2009, BNSF Railway entered into an 18-year equipment obligation totaling $75 million
to finance locomotives and railcars.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt"><u><b>Capital Leases</b></u>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          During the first nine months of 2009, BNSF entered into a 12-year capital lease to finance
$368 million of locomotives and freight cars. Additionally, BNSF entered into capital leases
totaling $96 million to finance maintenance of way and other vehicles and equipment with lease
terms of three to seven years.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt"><u><b>Financing Obligation</b></u>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          In 2005, the Company commenced the construction of an intermodal facility that it intended to
sell to a third party and subsequently lease back. As of September 30, 2009, construction of the
facility was completed for a cost of approximately $160 million. All improvements have been sold to
the third party and BNSF leased the facility from the third party for 20 years. This sale leaseback
transaction was accounted for as a financing obligation due to continuing involvement. The outflows
from the construction of the facility were classified as investing activities, and the inflows from
the associated financing proceeds were classified as financing activities in the Company’s
Consolidated Statements of Cash Flows.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt"><u><b>Fair Value of Debt Instruments</b></u>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          At September 30, 2009 and December 31, 2008, the fair value of BNSF’s debt, excluding capital
leases and interest rate hedges, was $9,578 million and $8,323 million, respectively, while the
book value was $8,772 million and $8,274 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. The book value of
commercial paper approximates fair value due to its short maturity.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt"><u><b>Guarantees</b></u>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          As of September 30, 2009, 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>
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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>
<b>
</b>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          Debt and other obligations of non-consolidated entities guaranteed by the Company as of
September 30, 2009, 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="bottom" style="font-size: 30pt">
<td width="35%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="2%"> </td>
<td width="4%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="2%"> </td>
<td width="4%"> </td>
<td width="2%"> </td>
<td width="4%"> </td>
<td width="2%"> </td>
<td width="4%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="2%"> </td>
<td width="4%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="24" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr style="font-size: 10pt" 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: 10pt" 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: 10pt" 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>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>Percentage</b></td>
<td style="border-bottom: 0px solid #000000"> </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>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td nowrap="nowrap">
<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 align="left">$</td>
<td align="right">–</td>
<td style="background: #ffffff"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Kansas City Terminal Intermodal
Transportation Corporation
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">0.0%</td>
<td nowrap="nowrap"></td>
<td> </td>
<td align="left">$</td>
<td align="right">48</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">67</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">67</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">9</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">27</td>
<td nowrap="nowrap"><sup style="font-size: 85%; vertical-align: text-top">b</sup></td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Westside Intermodal Transportation
Corporation
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">0.0%</td>
<td nowrap="nowrap"></td>
<td> </td>
<td align="left">$</td>
<td align="right">37</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">55</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">–</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">14</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">29</td>
<td style="background: #ffffff" nowrap="nowrap"><sup style="font-size: 85%; vertical-align: text-top">b</sup></td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">The Unified Government of <br />Wyandotte
County/Kansas City,
Kansas
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">0.0%</td>
<td nowrap="nowrap"></td>
<td> </td>
<td align="left">$</td>
<td align="right">12</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">17</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">–</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">14</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">9</td>
<td nowrap="nowrap"><sup style="font-size: 85%; vertical-align: text-top">b</sup></td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Chevron Phillips
Chemical Company, LP
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">0.0%</td>
<td nowrap="nowrap"></td>
<td> </td>
<td colspan="2" nowrap="nowrap" align="right">N/A</td>
<td><sup style="font-size: 85%; vertical-align: text-top">d</sup></td>
<td> </td>
<td colspan="2" nowrap="nowrap" align="right">N/A</td>
<td><sup style="font-size: 85%; vertical-align: text-top">d</sup></td>
<td> </td>
<td colspan="2" nowrap="nowrap" align="right">N/A</td>
<td><sup style="font-size: 85%; vertical-align: text-top">d</sup></td>
<td> </td>
<td> </td>
<td align="right">8</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">11</td>
<td style="background: #ffffff" nowrap="nowrap"><sup style="font-size: 85%; vertical-align: text-top">c</sup></td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Various lessors<br />
(Residual value guarantees)
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">0.0%</td>
<td nowrap="nowrap"></td>
<td> </td>
<td> </td>
<td align="right">N/A</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">270</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">270</td>
<td> </td>
<td> </td>
<td colspan="2" align="right">Various</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">68</td>
<td nowrap="nowrap"><sup style="font-size: 85%; vertical-align: text-top">c</sup></td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">All other
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">0.0%</td>
<td nowrap="nowrap"></td>
<td> </td>
<td align="left">$</td>
<td align="right">4</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">4</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">1</td>
<td> </td>
<td> </td>
<td colspan="2" align="right">Various</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">–</td>
<td style="background: #ffffff" nowrap="nowrap"> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="24" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div style="margin-top: 1pt">
<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="1%" nowrap="nowrap" align="left">a </td>
<td>
<div style="text-align: justify">Reflects the maximum amount the Company could recover from a third party other than the counterparty.
</div></td>
</tr>
<tr valign="top" style="font-size: 10pt; color: #000000; background: transparent">
<td width="1%" nowrap="nowrap" align="left">b </td>
<td>
<div style="text-align: justify">Reflects capitalized obligations that are recorded on the Company’s Consolidated Balance Sheet.
</div></td>
</tr>
<tr valign="top" style="font-size: 10pt; color: #000000; background: transparent">
<td width="1%" nowrap="nowrap" align="left">c </td>
<td>
<div style="text-align: justify">Reflects the asset and corresponding liability for the fair value of these guarantees required by authoritative accounting guidance related to guarantees.
</div></td>
</tr>
<tr valign="top" style="font-size: 10pt; color: #000000; background: transparent">
<td width="1%" nowrap="nowrap" align="left">d </td>
<td>
<div style="text-align: justify">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.
</div></td>
</tr>
</table>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">     <b><i>Kinder Morgan Energy Partners, L.P.</i></b>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          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
Pipelines 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="justify" style="font-size: 10pt; margin-top: 10pt">     <b><i>Kansas City Terminal Intermodal Transportation Corporation</i></b>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          BNSF Railway and another major railroad jointly and severally guarantee $48 million of debt of
Kansas City Terminal Intermodal Transportation Corporation, the proceeds of which were used to
finance construction of a double track grade separation bridge in Kansas City, Missouri, which is
operated and used by Kansas City Terminal Railway Company (KCTRC). BNSF Railway has a 25 percent
ownership in KCTRC, accounts for its interest using the equity method of accounting and would be
required to fund a portion of the remaining obligation upon default by the original debtor.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt; margin-left: 0%">     <b><i>Westside Intermodal Transportation Corporation and The Unified Government of</i></b><br />
     <b><i>Wyandotte County/Kansas City, Kansas</i></b>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          BNSF Railway has outstanding guarantees of $49 million of debt, the proceeds of which were
used to finance construction of a bridge that connects BNSF Railway’s Argentine Yard in Kansas
City, Kansas, with the KCTRC mainline tracks in Kansas City, Missouri. The bridge is operated by
KCTRC, and payments related to BNSF Railway’s guarantee of this obligation would only be called for
upon default by the original debtor.
</div>
<!-- Folio -->
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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: 10pt">     <b><i>Chevron Phillips Chemical Company, LP</i></b>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          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="justify" style="font-size: 10pt; margin-top: 10pt">     <b><i>Residual Value Guarantees (RVG)</i></b>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          In the normal course of business, the Company enters into leases in which it guarantees the
residual value of certain leased equipment. Some of these leases have renewal or purchase options,
or both, that the Company may exercise at the end of the lease term. If the Company elects not to
exercise these options, it may be required to pay the lessor an amount not exceeding the RVG. The
amount of any payment is contingent upon the actual residual value of the leased equipment. Some of
these leases also require the lessor to pay the Company any surplus if the actual residual value of
the leased equipment is over the RVG. These guarantees will expire between 2010 and 2011.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          The maximum future payments, as disclosed in the Guarantees table above, represent the
undiscounted maximum amount that the Company could be required to pay in the event the Company did
not exercise its renewal option and the fair market value of the equipment had significantly
declined. BNSF does not anticipate such a large reduction in the fair market value of the leased
equipment. As of September 30, 2009, the Company had recorded a $68 million asset and corresponding
liability for the fair value of RVG.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">     <b><i>All Other</i></b>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          As of September 30, 2009, BNSF guaranteed $4 million of other debt and leases. BNSF holds a
performance bond and has the option to sub-lease property to recover up to $1 million of the $4
million of guarantees. These guarantees expire between 2011 and 2013.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          Other than as discussed above, there is no collateral held by a third party that the Company
could obtain and liquidate to recover any amounts paid under the above guarantees.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          Other than as discussed above, none of the guarantees are recorded in the Consolidated
Financial Statements of the Company. The Company does not expect performance under these guarantees
to have a material effect on the Company in the foreseeable future.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 12pt">     <b><i>Indemnities</i></b>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          In the ordinary course of business, BNSF enters into agreements with third parties that
include indemnification clauses. In general, these clauses are 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. Due to the uncertainty of 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
and that 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>
<!-- Folio -->
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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>
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<!-- Begin Block Tagged Note 5 - us-gaap:CommitmentsAndContingenciesDisclosureTextBlock-->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 10pt; margin-top: 12pt"><b>5.</b>     <b>Commitments and Contingencies</b>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">     <u><b>Personal Injury </b></u>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          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: 10pt">          BNSF records a 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: 10pt">     <b><i>Asbestos</i></b>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          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>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          BNSF assesses its unasserted 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: 10pt">          During the third quarter of 2009 and 2008, the Company analyzed recent filing and payment
trends to ensure the assumptions used by BNSF to estimate its future asbestos liability were
reasonable. In the third quarters of 2009 and 2008, management determined that the liability
remained appropriate and no change was recorded. The Company plans to update its study again in the
third quarter of 2010.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          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: 10pt">          The following table summarizes the activity in the Company’s accrued obligations for both
asserted and unasserted asbestos matters (in millions):
</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">
<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 nowrap="nowrap" colspan="16" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6"><b>Three Months Ended</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6"><b>Nine Months Ended</b></td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>September 30,</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>September 30,</b></td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2008</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2008</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">244</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">261</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">251</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">270</td>
<td style="background: #ffffff" nowrap="nowrap"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Accruals
</div></td>
<td> </td>
<td> </td>
<td align="right">–</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">–</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">–</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">–</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Payments
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(3</td>
<td nowrap="nowrap">) </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(5</td>
<td nowrap="nowrap">) </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(10</td>
<td nowrap="nowrap">) </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(14</td>
<td style="background: #ffffff" nowrap="nowrap">) </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Ending balance at September 30,
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">241</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">256</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">241</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">256</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: 2px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 2px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 2px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 2px 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="justify" style="font-size: 10pt; margin-top: 10pt">          Of the September 30, 2009 obligation, $199 million was related to unasserted claims while $42
million was related to asserted claims. At September 30, 2009, $17 million was included in current
liabilities. The recorded liability was not discounted. 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 asbestos-related claims.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          The following table summarizes information regarding the number of asserted asbestos claims
filed against BNSF:
</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">
<td width="32%"> </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 nowrap="nowrap" colspan="16" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6"><b>Three Months Ended</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6"><b>Nine Months Ended</b></td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>September 30,</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>September 30,</b></td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2008</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2008</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">Claims unresolved at beginning of period
</div></td>
<td> </td>
<td> </td>
<td align="right">1,750</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,800</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,833</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,781</td>
<td style="background: #ffffff" nowrap="nowrap"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Claims filed
</div></td>
<td> </td>
<td> </td>
<td align="right">89</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">143</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">236</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">415</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Claims settled, dismissed or otherwise resolved
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(96</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(83</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(326</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(336</td>
<td style="background: #ffffff" nowrap="nowrap">)</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> </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">Claims unresolved at September 30,
</div></td>
<td> </td>
<td> </td>
<td align="right">1,743</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,860</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,743</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,860</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: 2px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 2px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 2px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 2px solid #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          Based on BNSF’s estimate of the potentially exposed employees and related mortality
assumptions, it is anticipated that unasserted 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 55, 75 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: 10pt">          Because of the uncertainty surrounding the factors used in the study, it is reasonably
possible that future costs to settle asbestos claims may range from approximately $217 million to
$262 million. However, BNSF believes that the $241 million recorded is the best estimate of the
Company’s future obligation for the settlement of asbestos claims.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          The amounts recorded by BNSF for the asbestos-related liability 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 asbestos 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: 10pt">          While the final outcome of asbestos-related 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: 10pt">     <b><i>Other Personal Injury</i></b>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          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: 10pt">          BNSF monitors quarterly actual experience against the number of forecasted claims to be
received, the forecasted number of claims closing with payment and expected claims payments.
Adjustments to the Company’s estimates are recorded quarterly as necessary or more frequently as
new events or revised estimates develop.
</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: 10pt">          The following table summarizes the activity in the Company’s accrued obligations for 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="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="32%"> </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 nowrap="nowrap" colspan="16" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6"><b>Three Months Ended</b></td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6"><b>Nine Months Ended</b></td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>September 30,</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>September 30,</b></td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2008</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2008</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">436</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">474</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">442</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">439</td>
<td style="background: #ffffff" nowrap="nowrap"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Accruals
</div></td>
<td> </td>
<td> </td>
<td align="right">22</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">34</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">76</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">136</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Payments
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(28</td>
<td nowrap="nowrap">) </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(37</td>
<td nowrap="nowrap">) </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(88</td>
<td nowrap="nowrap">) </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(104</td>
<td style="background: #ffffff" nowrap="nowrap">) </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Ending balance at September 30,
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">430</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">471</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">430</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">471</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: 2px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 2px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 2px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 2px solid #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          At September 30, 2009, $153 million was included in current liabilities. BNSF’s liabilities
for other personal injury claims are undiscounted. In addition, defense and processing costs, which
are recorded on an as-reported basis, were not included in the recorded liability. The Company is
substantially self-insured for other personal injury claims.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          The following table summarizes information regarding the number of personal injury claims,
other than asbestos, filed against BNSF:
</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">
<td width="32%"> </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 nowrap="nowrap" colspan="16" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6"><b>Three Months Ended</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6"><b>Nine Months Ended</b></td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>September 30,</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>September 30,</b></td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2008</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2008</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">Claims unresolved at beginning of period
</div></td>
<td> </td>
<td> </td>
<td align="right">3,155</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,941</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,349</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,322</td>
<td style="background: #ffffff" nowrap="nowrap"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Claims filed
</div></td>
<td> </td>
<td> </td>
<td align="right">1,175</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">994</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,632</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,441</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Claims settled, dismissed or otherwise resolved
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(834</td>
<td nowrap="nowrap">) </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(861</td>
<td nowrap="nowrap">) </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(2,485</td>
<td nowrap="nowrap">) </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(2,689</td>
<td style="background: #ffffff" nowrap="nowrap">) </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> </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">Claims unresolved at September 30,
</div></td>
<td> </td>
<td> </td>
<td align="right">3,496</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4,074</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,496</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4,074</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: 2px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 2px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 2px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 2px solid #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          Because of the uncertainty surrounding the ultimate outcome of other personal injury claims,
it is reasonably possible that future costs to settle other personal injury claims may range from
approximately $375 million to $530 million. However, BNSF believes that the $430 million recorded
is the best estimate of the Company’s future obligation for the settlement of other personal injury
claims.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          The amounts recorded by BNSF for other personal injury claims 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: 10pt">          While the final outcome of these other 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>
<!-- 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: 10pt">     <b><i>BNSF Insurance Company</i></b>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          The Company has a consolidated, wholly-owned subsidiary, Burlington Northern Santa Fe
Insurance Company, Ltd. (BNSF IC) that provides insurance coverage for certain risks incurred after
April 1, 1998, FELA claims, railroad protective and force account insurance claims and certain
excess general liability coverage incurred after January 1, 2002, and certain other claims which
are subject to reinsurance. Beginning in 2004, BNSF IC 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, and BNSF does not believe its exposure
to treaty participants’ non-performance is material at this time. BNSF IC typically invests in
third-party commercial paper, time deposits and money market accounts as well as in commercial
paper issued by BNSF. At September 30, 2009, there was $484 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 approximately $425 million at December 31, 2008.
</div>
<div align="left" style="font-size: 10pt; margin-top: 12pt"><u><b>Environmental</b></u>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          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: 10pt">          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>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          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: 10pt">          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>
<!-- 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: 10pt">          During the third quarters of 2009 and 2008, the Company analyzed recent data and trends to
ensure the assumptions used by BNSF to estimate its future environmental liability were reasonable.
As a result of this study, in the third quarters of 2009 and 2008, management recorded additional
expense of approximately $25 million and $13 million as of the respective June 30 measurement
dates. The Company plans to update its study again in the third quarter of 2010.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          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 September 30, 2009, was approximately $14 million.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          BNSF is involved in a number of administrative and judicial proceedings and other mandatory
cleanup efforts for 316 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: 10pt">          The following table summarizes 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="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="32%"> </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 nowrap="nowrap" colspan="16" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6"><b>Three Months Ended</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6"><b>Nine Months Ended</b></td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>September 30,</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>September 30,</b></td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2008</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2008</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">529</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">545</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">546</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">380</td>
<td style="background: #ffffff" nowrap="nowrap"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Accruals
</div></td>
<td> </td>
<td> </td>
<td align="right">32</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">26</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">60</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">223</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Payments
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(24</td>
<td nowrap="nowrap">) </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(28</td>
<td nowrap="nowrap">) </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(69</td>
<td nowrap="nowrap">) </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(60</td>
<td style="background: #ffffff" nowrap="nowrap">) </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Ending balance at September 30,
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">537</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">543</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">537</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">543</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: 2px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 2px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 2px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 2px solid #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          At September 30, 2009, $75 million was included in current liabilities.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          In the second quarter of 2008, the Company completed an analysis of its Montana sites to
determine its legal exposure related to the potential effect of a Montana Supreme Court decision.
The decision, which did not involve BNSF, held that restoration damages (damages equating to
clean-up costs which are intended to return property to its original condition) may be awarded
under certain circumstances even where such damages may exceed the property’s actual value. The
legal situation in Montana, the increase in the number of claims against BNSF and others resulting
from this decision, and the completion of the analysis caused BNSF to record additional pre-tax
environmental expenses of $175 million, or $0.31 per diluted share in the second quarter of 2008
for environmental liabilities primarily related to the effect of the aforementioned Montana Supreme
Court decision on certain of BNSF’s Montana sites.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          BNSF’s environmental liabilities are not discounted. BNSF anticipates that the majority of the
accrued costs at September 30, 2009, 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: 10pt">          The following table summarizes the environmental sites:
</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">
<td width="32%"> </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 nowrap="nowrap" colspan="16" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6"><b>Three Months Ended</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6"><b>Nine Months Ended</b></td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>September 30,</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>September 30,</b></td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="left" style="border-bottom: 0px solid #000000"><b>BNSF Sites</b></td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2008</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2008</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">Number of sites at beginning of period
</div></td>
<td> </td>
<td> </td>
<td align="right">318</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">350</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">336</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">346</td>
<td style="background: #ffffff" nowrap="nowrap"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Sites added during the period
</div></td>
<td> </td>
<td> </td>
<td align="right">–</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">9</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">16</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Sites closed during the period
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(2</td>
<td nowrap="nowrap">) </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(14</td>
<td nowrap="nowrap">) </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(29</td>
<td nowrap="nowrap">) </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(22</td>
<td style="background: #ffffff" nowrap="nowrap">) </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> </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">Number of sites at September 30,
</div></td>
<td> </td>
<td> </td>
<td align="right">316</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">340</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">316</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">340</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: 2px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 2px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 2px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 2px 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="justify" style="font-size: 10pt; margin-top: 10pt">          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>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          Because of the uncertainty surrounding these factors, it is reasonably possible that future
costs for environmental liabilities may range from approximately $390 million to $850 million.
However, BNSF believes that the $537 million recorded at September 30, 2009, is the best estimate
of the Company’s future obligation for environmental costs.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          While 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: 10pt">          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 (including
complaints seeking refunds of prior charges paid for coal transportation and the prescription of
future rates for such movements and claims relating to service under contract provisions or
otherwise). 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, 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, 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 align="justify" style="font-size: 10pt; margin-top: 10pt">     <b><i>Coal Rate Case Decision</i></b>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          On February 17, 2009, the United States Surface Transportation Board (STB) issued a new
decision in a rate dispute between Western Fuels Association, Inc. and Basin Electric Power
Cooperative, Inc. (collectively, WFA) and BNSF Railway Company (BNSF Railway). (<i>Western Fuels
Association, Inc. and Basin Electric Power Cooperative v. BNSF Railway Company</i>, STB Docket No.
42088). The dispute relates to the reasonableness of rates BNSF Railway charges to WFA for the
transportation of approximately 8 million tons of coal a year from Powder River Basin mines in
Wyoming to the Laramie River Station Plant at Moba Junction, Wyoming. The STB previously ruled in
this matter in 2007 that the challenged rates were not shown unreasonable. During the pendency of
the case, the STB issued new guidelines for reviewing the reasonableness of rates in cases such as
this and then permitted WFA to submit new evidence. In its new 2009 decision, the STB found that
these same challenged rates were not commercially reasonable. The STB ordered BNSF Railway to
reimburse WFA for amounts previously collected above the new levels prescribed for prior periods.
The STB also prescribed maximum rates through 2024 at levels substantially below the rates
previously set by BNSF Railway. In compliance with the STB’s decision, BNSF Railway published new
rates to the Laramie River Station effective March 20, 2009. WFA challenged BNSF Railway’s
methodology for implementing those rates before the STB and on July 27, 2009, the STB issued a
decision that largely adopted the methodology advocated for by BNSF Railway. The final amount of
approximately $120 million in reparations, which includes
interest, was submitted by WFA to
the STB with BNSF Railway’s concurrence. The STB approved the
final amount of reparations on October 22, 2009, with the Company to
pay the reparations within 30 days. On March 4, 2009,
BNSF Railway filed a petition for judicial review of the 2009 decision of the STB to the United
States Court of Appeals for the District of Columbia Circuit (<i>Western Fuels Association, Inc. and
Basin Electric Power Cooperative v. Surface Transportation Board and United States of America</i>,
Consolidated Docket Nos. 08-1167 and 09-1092), and briefing is underway.
</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: 10pt">          In accordance with the final amount of reparations, during the third quarter of 2009
BNSF recorded an adjustment to amounts previously accrued in the first quarter of 2009, resulting
in a gain of $31 million, or $0.06 per diluted share, of which $30 million and $1 million were
recorded as an increase to freight revenues and a reduction to interest expense, respectively. As
such, the net impact in the first nine months of 2009 resulting from the STB’s decision was a loss
of $74 million, or $0.13 per diluted share, in excess of amounts previously accrued. Of the total
loss, $66 million and $8 million were recorded as a reduction to freight revenues and an increase
to interest expense, respectively.
</div>
</div>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" -->
<!-- Begin Block Tagged Note 6 - bni:EmployeeSeparationCostsTextBlock-->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 10pt; margin-top: 12pt"><b>6.</b>     <b>Employee Separation Costs</b>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          Employee separation costs activity was as follows (in millions):
</div>
<div align="left">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="70%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="8%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="8%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 1px">
<td nowrap="nowrap" colspan="8" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="left" style="border-bottom: 1px solid #000000"><b>Nine Months Ended September 30,</b></td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2008</b></td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Beginning balance at January 1,
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">79</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">91</td>
<td style="background: #ffffff" nowrap="nowrap"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Accruals
</div></td>
<td> </td>
<td> </td>
<td align="right">12</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Payments
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(10</td>
<td nowrap="nowrap">) </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(11</td>
<td style="background: #ffffff" nowrap="nowrap">) </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Ending balance at September 30,
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">81</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">83</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: 2px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 2px solid #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          Employee separation liabilities of $81 million were included in the Consolidated Balance Sheet
at September 30, 2009, and principally represent the following: (i) $79 million for deferred
benefits payable upon separation or retirement to certain active conductors, trainmen and
locomotive engineers; (ii) less than $1 million for employee-related severance costs for the
consolidation of clerical functions, material handlers in mechanical shops and trainmen on reserve
boards; and (iii) $2 million for certain non-union employee severance costs. Employee separation
expenses are recorded in materials and other in the Consolidated Statements of Income. At September
30, 2009, $26 million of the remaining liabilities was included in current liabilities.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          The deferred benefits payable upon separation or retirement to certain active conductors,
trainmen and locomotive engineers were primarily incurred in connection with labor agreements
reached prior to the business combination of BNSF’s predecessor companies, Burlington Northern Inc.
and Santa Fe Pacific Corporation. These agreements, among other things, reduced train crew sizes
and allowed for more flexible work rules. The majority of the remaining costs will be paid between
2009 and 2020. As of September 30, 2009, the Company had updated its estimate and recorded an
additional liability of $12 million related to deferred benefits. The remaining costs for (ii)
above are expected to be paid out between 2009 and approximately 2011, and the costs for (iii)
above are expected be paid out between 2009 and 2021 based on deferral elections made by the
affected employees.
</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 7 - us-gaap:PensionAndOtherPostretirementBenefitsDisclosureTextBlock-->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 10pt; margin-top: 12pt"><b>7.</b>     <b>Employment Benefit Plans</b>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          Components of the net cost were as follows (in millions):
</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">
<td width="32%"> </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 nowrap="nowrap" colspan="16" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="14" style="border-bottom: 1px solid #000000"><b>Pension Benefits</b></td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6"><b>Three Months Ended</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6"><b>Nine Months Ended</b></td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>September 30,</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>September 30,</b></td>
<td> </td>
</tr>
<tr style="font-size: 10pt" 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>2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2008</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2008</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> </td>
<td align="left">$</td>
<td align="right">7</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">7</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">21</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">19</td>
<td style="background: #ffffff" nowrap="nowrap"> </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">25</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">76</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">76</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">(27</td>
<td nowrap="nowrap">) </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(28</td>
<td nowrap="nowrap">) </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(80</td>
<td nowrap="nowrap">) </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(84</td>
<td style="background: #ffffff" 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">7</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">19</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">12</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> </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:30px; text-indent:-15px">Net cost recognized
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">12</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">8</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">36</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">23</td>
<td style="background: #ffffff" 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: 2px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 2px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 2px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 2px 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="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="32%"> </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 nowrap="nowrap" colspan="16" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="14" style="border-bottom: 1px solid #000000"><b>Retiree Health and Welfare Benefits</b></td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6"><b>Three Months Ended</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6"><b>Nine Months Ended</b></td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>September 30,</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>September 30,</b></td>
<td> </td>
</tr>
<tr style="font-size: 10pt" 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>2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2008</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2008</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> </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 align="right">2</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">2</td>
<td style="background: #ffffff" nowrap="nowrap"> </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">4</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">11</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">13</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<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">1</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3</td>
<td style="background: #ffffff" nowrap="nowrap"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Amortization of prior service credit
</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>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(4</td>
<td nowrap="nowrap">) </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(5</td>
<td nowrap="nowrap">) </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> </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:30px; text-indent:-15px">Net cost recognized
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">4</td>
<td> </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 align="left">$</td>
<td align="right">13</td>
<td style="background: #ffffff" nowrap="nowrap"> </td>
</tr>
<tr style="font-size: 1px">
<td nowrap="nowrap" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 2px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 2px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 2px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 2px solid #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          In the second quarter of 2009, the Company made a voluntary contribution of $33 million to
BNSF’s qualified pension plan. The Company is not required to make any additional contributions to
BNSF’s qualified pension plan in 2009.
</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:EarningsPerShareTextBlock-->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 10pt; margin-top: 12pt"><b>8.</b>     <b>Earnings Per Share</b>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          Basic earnings per share is based on the weighted average number of common shares outstanding.
Diluted earnings per share is based on basic earnings per share adjusted for the effect of
potential common shares outstanding that were dilutive during the period, arising from employee
stock awards and incremental shares calculated using the treasury stock method.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          Weighted average stock options totaling 4.4 million and 5.1 million for the three and nine
months ended September 30, 2009, respectively, and 1.8 million and 1.6 million for the three and
nine months ended September 30, 2008, respectively, were not included in the computation of diluted
earnings per share because the options’ exercise price exceeded the average market price of the
Company’s stock for those periods.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          The Company adopted authoritative accounting guidance which requires non-vested shares that
contain non-forfeitable rights to dividends or dividend equivalents (whether paid or unpaid) to be
considered participating securities, and therefore be included in computing earnings per share
using the two-class method. The Company has retrospectively applied the provisions to the financial
information included herein, which resulted in a reduction in earnings per diluted share of $0.01
and $0.02 for the three months and nine months ended in September 30, 2008, respectively.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          The following table is a reconciliation of net income available to common stockholders used in
the basic and diluted EPS computations for the three months and nine months ended September 30,
2009 and 2008 (in millions, except per share amounts):
</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">
<td width="32%"> </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 nowrap="nowrap" colspan="16" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6"><b>Three Months Ended</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6"><b>Nine Months Ended</b></td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>September 30,</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>September 30,</b></td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2008</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2008</b></td>
<td> </td>
</tr>
<tr style="font-size: 10pt">
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Income Statement:
</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>
<td> </td>
<td> </td>
<td> </td>
<td style="background: #ffffff" nowrap="nowrap"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Net income
</div></td>
<td align="right">$</td>
<td align="left"> </td>
<td align="right">488</td>
<td> </td>
<td align="right">$</td>
<td align="left"> </td>
<td align="right">695</td>
<td> </td>
<td align="right">$</td>
<td align="left"> </td>
<td align="right">1,185</td>
<td> </td>
<td align="right">$</td>
<td align="left"> </td>
<td align="right">1,500</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Net income allocated to participating securities
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(2</td>
<td nowrap="nowrap">) </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(3</td>
<td nowrap="nowrap">) </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(4</td>
<td nowrap="nowrap">) </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(6</td>
<td style="background: #ffffff" nowrap="nowrap">) </td>
</tr>
<tr style="font-size: 1px">
<td colspan="2" style="border-top: 1px solid #000000">
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px">Net income available to common stockholders
</div></td>
<td align="right">$</td>
<td align="left"> </td>
<td align="right">486</td>
<td> </td>
<td align="right">$</td>
<td align="left"> </td>
<td align="right">692</td>
<td> </td>
<td align="right">$</td>
<td align="left"> </td>
<td align="right">1,181</td>
<td> </td>
<td align="right">$</td>
<td align="left"> </td>
<td align="right">1,494</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="1" 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: 2px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 2px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 2px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 2px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</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>
<td> </td>
<td> </td>
<td> </td>
<td style="background: #ffffff" nowrap="nowrap"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Average Shares:
</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>
<td> </td>
<td> </td>
<td> </td>
<td style="background: #ffffff" nowrap="nowrap"> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Basic
</div></td>
<td> </td>
<td> </td>
<td align="right">340.2</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">343.5</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">339.8</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">344.9</td>
<td style="background: #ffffff" nowrap="nowrap"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Diluted
</div></td>
<td> </td>
<td> </td>
<td align="right">342.7</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">347.2</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">342.2</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">349.2</td>
<td style="background: #ffffff" nowrap="nowrap"> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="1" 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: 2px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 2px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 2px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 2px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Earnings Per Share:
</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>
<td> </td>
<td> </td>
<td> </td>
<td style="background: #ffffff" nowrap="nowrap"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Basic
</div></td>
<td align="right">$</td>
<td align="left"> </td>
<td align="right">1.43</td>
<td> </td>
<td align="right">$</td>
<td align="left"> </td>
<td align="right">2.01</td>
<td> </td>
<td align="right">$</td>
<td align="left"> </td>
<td align="right">3.48</td>
<td> </td>
<td align="right">$</td>
<td align="left"> </td>
<td align="right">4.33</td>
<td style="background: #ffffff" nowrap="nowrap"> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Diluted
</div></td>
<td align="right">$</td>
<td align="left"> </td>
<td align="right">1.42</td>
<td> </td>
<td align="right">$</td>
<td align="left"> </td>
<td align="right">1.99</td>
<td> </td>
<td align="right">$</td>
<td align="left"> </td>
<td align="right">3.45</td>
<td> </td>
<td align="right">$</td>
<td align="left"> </td>
<td align="right">4.28</td>
<td style="background: #ffffff" nowrap="nowrap"> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="16" align="left" 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>
<!--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:ComprehensiveIncomeNoteTextBlock-->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 10pt; margin-top: 12pt"><b>9.</b>     <b>Comprehensive Income</b>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          Other comprehensive income refers to revenues, expenses, gains and losses that under generally
accepted accounting principles are included in comprehensive income, a component of Stockholders’
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="left" style="font-size: 10pt; margin-top: 10pt">          The following table provides a reconciliation 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="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="32%"> </td>
<td width="7%"> </td>
<td width="1%"> </td>
<td width="8%"> </td>
<td width="1%"> </td>
<td width="2%"> </td>
<td width="1%"> </td>
<td width="8%"> </td>
<td width="1%"> </td>
<td width="2%"> </td>
<td width="1%"> </td>
<td width="8%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="8%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td 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" align="center" colspan="6" style="border-top: 1px solid #000000"><b>Three Months Ended</b></td>
<td style="border-top: 1px solid #000000"> </td>
<td style="border-top: 1px solid #000000"> </td>
<td nowrap="nowrap" align="center" colspan="5" style="border-top: 1px solid #000000"><b>Nine Months Ended</b></td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="7" style="border-bottom: 1px solid #000000"><b>September 30,</b></td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>September 30,</b></td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2008</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2008</b></td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Net income
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">488</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">695</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">1,185</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">1,500</td>
<td style="background: #ffffff" nowrap="nowrap"> </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>
<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 unrecognized
prior service credit and
actuarial losses, net of
tax (see Note 7)
</div></td>
<td> </td>
<td> </td>
<td align="right">3</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">9</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">6</td>
<td style="background: #ffffff" nowrap="nowrap"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Change in fuel/interest
hedge mark-to-market and
other items, net of tax
(see Note 2)
</div></td>
<td> </td>
<td> </td>
<td align="right">9</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(85</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">249</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(37</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Recognized loss on
derivative
instruments-discontinued
hedges, net of tax (see
Note 2)
</div></td>
<td> </td>
<td> </td>
<td align="right">–</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">–</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">27</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">–</td>
<td style="background: #ffffff" nowrap="nowrap"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Change in unrealized loss
on securities held by
equity method investees,
net of tax
</div></td>
<td> </td>
<td> </td>
<td align="right">1</td>
<td> </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">1</td>
<td> </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>
<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>
<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> </td>
<td align="left">$</td>
<td align="right">501</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">611</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">1,471</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">1,468</td>
<td style="background: #ffffff" 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: 2px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 2px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 2px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 2px solid #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="left" style="font-size: 10pt; margin-top: 10pt">          The following table provides the components of accumulated other comprehensive loss (in
millions):
</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">
<td width="74%"> </td>
<td width="6%"> </td>
<td width="1%"> </td>
<td width="7%"> </td>
<td width="1%"> </td>
<td width="4%"> </td>
<td width="1%"> </td>
<td width="7%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td style="border-top: 1px solid #000000"> </td>
<td style="border-top: 1px solid #000000"> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-top: 1px solid #000000"><b>September 30,</b></td>
<td style="border-top: 1px solid #000000"> </td>
<td style="border-top: 1px solid #000000"> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-top: 1px solid #000000"><b>December 31,</b></td>
<td style="border-top: 0px solid #000000"> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2008</b></td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td nowrap="nowrap">
<div style="margin-left:15px; text-indent:-15px">Unrecognized prior service credit and actuarial losses, net of tax (see
Note 7)
</div></td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(514</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(523</td>
<td style="background: #ffffff" nowrap="nowrap">)</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Fuel/interest hedge mark-to-market and other items, net of tax (see Note 2)
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(68</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(344</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Unrealized loss on securities held by equity method investees, net of tax
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(6</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(7</td>
<td style="background: #ffffff" nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Total Accumulated other comprehensive loss
</div></td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(588</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(874</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: 2px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 2px 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>
<!--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:ScheduleOfNewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock-->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="justify" style="font-size: 10pt; margin-top: 10pt"><b>10.</b>    <b>Accounting Pronouncements</b>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          In June 2009, the FASB issued Statement of Financial Accounting Standards (SFAS) No. 166, <i>Accounting for Transfers of Financial Assets – an
amendment of FASB Statement No. 140</i>. SFAS 166 limits the circumstances in which financial assets
can be derecognized and requires enhanced disclosures regarding transfers of financial assets and a
transferor’s continuing involvement with transferred financial assets. SFAS No. 166 also eliminates
the concept of a qualifying special-purpose entity (QSPE), which will require companies to evaluate
former QSPEs for consolidation.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          In June 2009, the FASB issued SFAS No. 167, <i>Amendments to FASB Interpretation No. 46(R)</i>. SFAS
No. 167 amends existing guidance used to determine whether or not a company is required to
consolidate a variable interest entity (VIE) and requires enhanced disclosures. SFAS No. 167
eliminates quantitative-based assessments and will require companies to perform ongoing qualitative
assessments to determine whether or not the VIE should be consolidated.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          Both SFAS 166 and SFAS 167 are effective for the Company on January 1, 2010.
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          As discussed in Note 3, the Company’s A/R sales program involves a master trust that issues an
undivided interest in receivables to investors. The A/R sales master trust is not currently
consolidated in the Company’s financial statements and the undivided interest in receivables that
have been sold to investors is derecognized. These new pronouncements will require the Company to
consolidate the A/R sales master trust and to no longer derecognize the undivided interest sold to
investors effective January 1, 2010. As a result, the Company’s Consolidated Balance Sheets will
reflect an increase in accounts receivable, net and an increase in current liabilities for the
amount of undivided interest sold to investors and any related cash flow impacts will be included
in Financing Activities rather than Operating Activities in the Consolidated Statements of Cash
Flows. There was no outstanding interest held by investors under the A/R sales program at September
30, 2009. Outstanding undivided interests held by investors under the A/R sales program was $50
million at December 31, 2008.
</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 - bni:ReportOfIndependentRegisteredPublicAccountingFirmTextBlock-->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="justify" style="font-size: 10pt; margin-top: 10pt"><b>11.</b>    <b>Report of Independent Registered Public Accounting Firm</b>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">          PricewaterhouseCoopers LLP’s review report is included in this quarterly report; however,
PricewaterhouseCoopers LLP does not express an opinion on the unaudited financial information.
Accordingly, such report is not a “report” or “part of a registration statement” within the
meaning of Sections 7 and 11 of the Securities Act of 1933 and PricewaterhouseCoopers LLP is not
subject to the liability provisions of Section 11 of such Act with respect to the review report.
</div>
</div>
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false
--12-31
2009-09-30
10-Q
0000934612
340435006
Yes
Large Accelerated Filer
34135000000
BURLINGTON NORTHERN SANTA FE CORP
No
Yes
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Total-to-date share repurchases through September 30, 2009, under the Company's share repurchase program, were 192 million shares at an average price of $41.53 per share, leaving 18 million shares available for repurchase out of the 210 million shares authorized.