XML 22 R8.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:      
Net earnings (loss) $ (22,058) $ 90,807 $ 43,253
Adjustments to reconcile net earnings (loss) to operating cash flows:      
Investment (gains) losses 67,623 (77,576) (40,905)
Depreciation and amortization 10,899 10,718 10,596
Other (4,324) (3,397) 11,263
Changes in operating assets and liabilities:      
Unpaid losses and loss adjustment expenses 4,057 4,194 4,476
Deferred charges - retroactive reinsurance 769 1,802 1,307
Unearned premiums 1,861 2,306 1,587
Receivables and originated loans (5,592) (5,834) (1,609)
Inventories (4,779) (1,862) 681
Other assets (373) 176 (1,790)
Other liabilities 2,033 2,790 3,719
Income taxes (12,892) 15,297 7,195
Net cash flows from operating activities 37,224 39,421 39,773
Cash flows from investing activities:      
Purchases of equity securities (67,930) (8,448) (30,161)
Sales of equity securities 33,664 15,849 38,756
Purchases of U.S. Treasury Bills and fixed maturity securities (183,922) (152,637) (208,429)
Sales of U.S. Treasury Bills and fixed maturity securities 90,088 27,188 31,873
Redemptions and maturities of U.S. Treasury Bills and fixed maturity securities 66,318 160,402 149,709
Acquisitions of businesses, net of cash acquired (10,594) (456) (2,532)
Purchases of property, plant and equipment and equipment held for lease (15,464) (13,276) (13,012)
Other 239 770 (3,961)
Net cash flows from investing activities (87,601) 29,392 (37,757)
Cash flows from financing activities:      
Changes in short term borrowings, net (596) (624) (1,118)
Acquisition of treasury stock (7,854) (27,061) (24,706)
Other, principally transactions with noncontrolling interests (1,979) (695) (429)
Net cash flows from financing activities (1,662) (28,508) (18,344)
Effects of foreign currency exchange rate changes (268) 5 92
Increase (decrease) in cash and cash equivalents and restricted cash (52,307) 40,310 (16,236)
Cash and cash equivalents and restricted cash at beginning of year 88,706 48,396 64,632
Cash and cash equivalents and restricted cash at end of year 36,399 88,706 48,396
Restricted cash, included in other assets at end of year $ 588 $ 522 $ 406
Restricted Cash and Cash Equivalents, Statement of Financial Position [Extensible Enumeration] Other Other Other
Insurance and Other [Member]      
Cash flows from financing activities:      
Proceeds from borrowings $ 7,822 $ 2,961 $ 5,925
Repayments of borrowings (1,502) (3,032) (2,700)
Cash and cash equivalents at end of year 32,260 [1] 85,319 [1] 44,714
Railroad, Utilities and Energy [Member]      
Cash flows from financing activities:      
Proceeds from borrowings 4,873 3,959 8,445
Repayments of borrowings (2,426) (4,016) (3,761)
Cash and cash equivalents at end of year $ 3,551 [1] $ 2,865 [1] $ 3,276
[1] Includes U.S. Treasury Bills with maturities of three months or less when purchased of $2.6 billion at December 31, 2022 and $61.7 billion at December 31, 2021.