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Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
Assets    
Investments in fixed maturity securities $ 17,943 $ 15,364
Investments in equity securities 283,241 271,588
Equity method investments 25,524 31,134
Loans and finance receivables 29,327 27,798
Inventories 25,319 24,008
Equipment held for lease 18,250 17,828
Goodwill [1] 84,525 83,880
Total assets 1,225,963 1,153,881
Liabilities    
Life, annuity and health insurance benefits 18,275  
Payable for purchases of U.S. Treasury Bills 23,200 12,800
Income taxes, principally deferred 87,388 85,870
Total liabilities 525,522 502,226
Shareholders’ equity:    
Common stock 8 8
Capital in excess of par value 35,622 35,665
Accumulated other comprehensive income (2,523) (3,584)
Retained earnings 743,987 696,218
Treasury stock, at cost (78,939) (78,939)
Berkshire shareholders' equity 698,155 649,368
Noncontrolling interests 2,286 2,287
Total shareholders’ equity 700,441 651,655
Total liabilities and shareholders' equity 1,225,963 1,153,881
Insurance and Other [Member]    
Assets    
Cash and cash equivalents [2] 72,156 44,333
Short-term investments in U.S. Treasury Bills [3] 305,367 286,472
Investments in fixed maturity securities 17,943 15,364
Investments in equity securities 283,241 271,588
Equity method investments 25,524 31,134
Loans and finance receivables 29,327 27,798
Other receivables 48,938 43,887
Inventories 25,319 24,008
Property, plant and equipment 30,736 30,071
Equipment held for lease 18,250 17,828
Goodwill 57,418 56,860
Other intangible assets 34,055 34,638
Deferred charges - retroactive reinsurance 8,298 8,797
Other 26,133 24,994
Total assets 982,705 917,772
Liabilities    
Unpaid losses and loss adjustment expenses 119,837 115,151
Unpaid losses and loss adjustment expenses - retroactive reinsurance contracts 31,307 32,443
Unearned premiums 33,483 30,808
Life, annuity and health insurance benefits 18,275 17,616
Other policyholder liabilities 10,747 10,703
Accounts payable, accruals and other liabilities 38,172 37,489
Payable for purchases of U.S. Treasury Bills 23,241 12,769
Aircraft repurchase liabilities and unearned lease revenues 10,052 9,356
Notes payable and other borrowings 45,617 44,885
Liabilities, excluding income taxes, principally deferred, Total 330,731 311,220
Railroad, Utilities and Energy [Member]    
Assets    
Cash and cash equivalents [2] 4,150 3,396
Receivables 4,522 4,503
Property, plant and equipment 181,579 175,030
Goodwill 27,107 27,020
Regulatory assets 5,203 5,349
Other 20,697 20,811
Total assets 243,258 236,109
Liabilities    
Accounts payable, accruals and other liabilities 18,787 18,226
Regulatory liabilities 6,990 7,033
Notes payable and other borrowings 81,626 79,877
Liabilities, excluding income taxes, principally deferred, Total $ 107,403 $ 105,136
[1] Net of accumulated goodwill impairments of $11.5 billion as of September 30, 2025 and December 31, 2024 and $11.1 billion as of December 31, 2023.
[2] Includes U.S. Treasury Bills with maturities of three months or less when purchased of $38.4 billion at September 30, 2025 and $14.4 billion at December 31, 2024.
[3] Includes unsettled purchases of U.S. Treasury Bills of $23.2 billion at September 30, 2025 and $12.8 billion at December 31, 2024. Such amounts were also included in liabilities and were paid shortly after the respective balance sheet date.