Schedule II
CONRAIL INC.
VALUATION AND QUALIFYING ACCOUNTS
FOR THE YEARS ENDED DECEMBER 31,
(In Millions)
Additions
-------------------
Balance at Charged to Charged Balance
Beginning Costs and to Other At End
Description of Period Expenses Accounts Deductions of Period
- ----------- ---------- ---------- -------- ---------- ---------
(1)
1993
Casualty reserves
Current $110 $17 (2) $ 93
Noncurrent 153 $122 $11 154 (3) 132
Allowance for
disposition of property
and equipment (4) 277 21 256
1994
Casualty reserves
Current 93 (10) (2) 103
Noncurrent 132 172 12 104 (3) 212
Allowance for
disposition of property
and equipment (4) 256 15 241
1995
Casualty reserves
Current 103 3 (4) (2) 110
Noncurrent 212 171 14 180 (3) 217
Allowance for
disposition of property
and equipment (4)(5) 241 261 63 439
<FN>
(1) Includes charges to property accounts in connection with construction
projects and the recording of receivables from third parties.
(2) Includes net transfers from noncurrent.
(3) Transfers to current.
(4) Deductions of $21 million, $15 million and $63 million in 1993, 1994,
and 1995 respectively, represent net losses on asset dispositions.
(5) In 1995, the Company recorded an asset disposition charge, which resulted
from a review of the Company's route system and other operating assets to
determine those that no longer effectively and economically support
current and expected operations. The Company identified and has
committed to sell 1,800 miles of rail lines that are expected to provide
proceeds substantially less than net book value. In addition, other
assets, principally yards and side tracks, identified for disposition
have been written down to estimated net realizable value.
</FN>
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