Union Pacific Railroad Annual Report 2003 UP
Union Pacific Corporation Annual Report 2003
TABLE OF CONTENTS
UNION PACIFIC CORPORATION
PART I
Business 3
Properties 7
Legal Proceedings 8
Submission of Matters to a Vote of Security Holders 11
Executive Officers of the Registrant and Principal Executive Officers of
Subsidiaries 11
PART I
Market for the Registrant's Common Equity and Related Shareholde
Matters 13
Selected Financial Data 13
Management's Discussion and Analysis of Financial
Condition and Results of Operations 14
Risk Factors 17
Cautionary Information 34
Quantitative and Qualitative Disclosures about Market Risk 35
Financial Statements and Supplementary Data 36
Changes in and Disagreements with Accountants on Accounting and Financial
Disclosure 67
Controls and Procedures 67
PART III
Directors and Executive Officers of the Registrant 68
Executive Compensation 68
Security Ownership of Certain Beneficial Owners and Management 68
Certain Relationships and Related Transactions 69
Principal Accounting Fees and Services 69
PART IV
Exhibits, Financial Statement Schedules and Reports on Form 8-K 70
Signatures 71
Certifications 80
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