Union Pacific 2009 Annual Report Download - page 76

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76
The following table presents a reconciliation of the beginning and ending balances of the fair value
measurements using significant unobservable inputs (Level 3):
Venture
Capital an
d
Rea
l
Millions of Dollars
P
artnerships Estate Total
Beginning balance - January 1, 2009 $ 218 $ 21 $ 239
Realized gains/(losses) 3 - 3
Unrealized gains/(losses) (38) (9) (47)
Purchases, issuances, & settlements 23 2 25
Ending balance - December 31, 2009 $ 206 $ 14 $ 220
Other Retirement Programs
Thrift Plan – We provide a defined contribution plan (thrift plan) to eligible non-union employees and
make matching contributions to the thrift plan. We match 50 cents for each dollar contributed by
employees up to the first six percent of compensation contributed. Our thrift plan contributions were $14
million in 2009, 2008 and 2007.
Railroad Retirement System – All Railroad employees are covered by the Railroad Retirement System
(the System). Contributions made to the System are expensed as incurred and amounted to approximately
$562 million in 2009, $620 million in 2008, and $616 million in 2007.
Collective Bargaining Agreements – Under collective bargaining agreements, we provide certain
postretirement healthcare and life insurance benefits for eligible union employees. Premiums under the
plans are expensed as incurred and amounted to $48 million in 2009, $49 million in 2008, and $40
million in 2007.
6. Other Income
Other income included the following for the years ended December 31:
Millions of Dollars 2009 2008 2007
Rental income $ 73 $ 87 $ 68
Net gain on non-operating asset dispositions 162 41 52
Interest income 5 21 50
Sale of receivables fees (9) (23) (35)
Non-operating environmental costs and other (36) (34) (19)
Total $ 195 $ 92 $ 116
In June of 2009, we completed a $118 million sale of land to the Regional Transportation District (RTD)
in Colorado, resulting in a $116 million pre-tax gain. The agreement with the RTD involves a 33-mile
industrial lead track in Boulder, Colorado.