Union Pacific 2005 Annual Report Download - page 48
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‰legislative, regulatory, or legal developments involving taxation, including new federal or state income
tax rates, revisions of controlling authority, and tax claims and litigation;
‰changes in securities and capital markets; and
‰terrorist activities, or other similar events, and any governmental response thereto; war or risk of war.
Forward-looking statements speak only as of the date the statement was made. We assume no obligation to
update forward-looking information to reflect actual results, changes in assumptions or changes in other factors
affecting forward-looking information. If we do update one or more forward-looking statements, no inference
should be drawn that we will make additional updates with respect thereto or with respect to other forward-
looking statements.
Item 7A. Quantitative and Qualitative Disclosures about Market Risk
Information concerning market risk sensitive instruments is set forth under Management’s Discussion and
Analysis of Financial Condition and Results of Operations – Other Matters, Item 7.
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