“We think for us, it's probably cash, $250 million to $300 million incremental on an annual basis.”

In context

“n was up at 1% above with all the inflationary. That's who we are, that's what we sell to our customers. And if we do that, our customers are aligned with us. They want to be with Union Pacific. They want to be with this railroad. They want to win and they want to be with the railroad that opens opportunity for them. It's as simple as that, that's all I have to say. Thank you very much. Operator: Our final question is from the line of Jeff Kaufman with Vertical Research. Jeffrey Asher Kauffman: Congratulations. Terrific quarter. Jen, have you looked at the One Big Beautiful Bill and assessed how that might impact the opportunities and cash flow at the company? Jennifer L. Hamann: Yes, we have looked at that. And so going back and restoring 100% bonus appreciation, obviously, is a benefit. We think for us, it's probably cash, $250 million to $300 million incremental on an annual basis. Jeffrey Asher Kauffman: Okay. And that's the primary impact or are there others? Jennifer L. Hamann: That's the primary impact. We do make some investment tax credit purchases. Those are still available through the bill. R&D credits. Yes. So I think that's all there. Vincenzo James Vena: Yes. So there's lots -- Jennifer, the only thing I would add is the administration talking about deregulation, making sure that the businesses have the opportunity to win, because we do compete against everybody else in the world, it's really important to us, and I liked some of those things that weren't specifically in the Big Beautiful Bill, but help us to compete better and be able to move our products within the U.S. and internationally. So thank you for the question. And I guess, operator, that's the”