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Inventories
9 Months Ended
Sep. 30, 2025
Inventory Disclosure [Abstract]  
Inventories

Note 9. Inventories

Inventories of our insurance and other businesses are comprised of the following (in millions).

 

September 30,
2025

 

 

December 31,
2024

 

Raw materials and supplies

$

5,720

 

 

$

5,421

 

Work in process and other

 

3,502

 

 

 

3,150

 

Finished manufactured goods

 

5,342

 

 

 

4,898

 

Goods acquired for resale

 

10,755

 

 

 

10,539

 

$

25,319

 

 

$

24,008

 

Inventories, materials and supplies of our railroad, utilities and energy businesses are included in other assets and were approximately $3.2 billion as of September 30, 2025 and $3.0 billion as of December 31, 2024.