Union Pacific 2007 Annual Report Download - page 6

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2
Documents Incorporated by Reference – Portions of the registrant’s definitive Proxy Statement for the
Annual Meeting of Shareholders to be held on May 1, 2008, are incorporated by reference into Part III of this
report. The registrant’s Proxy Statement will be filed with the Securities and Exchange Commission pursuant
to Regulation 14A.
TABLE OF CONTENTS
UNION PACIFIC CORPORATION
PART I
Item 1. Business ................................................................................................................ 3
Item 1A. Risk Factors .......................................................................................................... 7
Item 1B. Unresolved Staff Comments ............................................................................... 10
Item 2. Properties ............................................................................................................. 10
Item 3. Legal Proceedings ................................................................................................ 13
Item 4. Submission of Matters to a Vote of Security Holders........................................ 15
Executive Officers of the Registrant and Principal Executive
Officers of Subsidiaries ................................................................................... 16
PART II
Item 5. Market for the Registrant’s Common Equity, Related Stockholder
Matters, and Issuer Purchases of Equity Securities....................................... 17
Item 6. Selected Financial Data........................................................................................ 19
Item 7. Management’s Discussion and Analysis of Financial Condition
and Results of Operations ..............................................................................
20
Critical Accounting Policies................................................................................ 40
Cautionary Information...................................................................................... 44
Item 7A. Quantitative and Qualitative Disclosures About Market Risk.......................... 45
Item 8. Financial Statements and Supplementary Data ................................................. 46
Report of Independent Registered Public Accounting Firm............................. 47
Item 9. Changes in and Disagreements with Accountants on Accounting
and Financial Disclosure ................................................................................
78
Item 9A. Controls and Procedures..................................................................................... 78
Item 9B. Other Information............................................................................................... 78
Management’s Annual Report on Internal Control Over Financial
Reporting.........................................................................................................
79
Report of Independent Registered Public Accounting Firm............................. 80
PART III
Item 10. Directors, Executive Officers, and Corporate Governance ............................... 81
Item 11. Executive Compensation..................................................................................... 81
Item 12. Security Ownership of Certain Beneficial Owners and
Management and Related Stockholder Matters............................................ 81
Item 13. Certain Relationships and Related Transactions, and Director
Independence .................................................................................................. 82
Item 14. Principal Accountant Fees and Services ............................................................. 82
PART IV
Item 15. Exhibits, Financial Statement Schedules ............................................................ 83
Signatures............................................................................................................. 84
Certifications........................................................................................................ 94