Business segment data

3 Months Ended

Mar. 31, 2017

Note 22. Business segment data

Our operating businesses include a large and diverse group of insurance, finance, manufacturing, service and retailing businesses. Our reportable business segments are organized in a manner that reflects how management views those business activities. Certain businesses have been grouped together for segment reporting based upon similar products or product lines, marketing, selling and distribution characteristics, even though those business units are operated under separate local management. Revenues by segment for the first quarter of 2017 and 2016 were as follows (in millions).


	First Quarter
	2017		2016
Operating Businesses:
Insurance:
Underwriting:
GEICO	$	6,845	$	6,050
General Re		1,391		1,390
BHRG		11,841		2,243
BH Primary		1,676		1,441
Investment income		1,132		1,149

Total insurance		22,885		12,273
BNSF		5,185		4,767
Berkshire Hathaway Energy		4,257		4,118
Manufacturing		12,097		10,554
McLane Company		12,101		11,801
Service and retailing		6,093		5,891
Finance and financial products		1,865		1,726

		64,483		51,130

Reconciliation of segments to consolidated amount:
Investment and derivative gains/losses		775		1,040
Corporate, eliminations and other		(71)		(7)

	$	65,187	$	52,163

Earnings before income taxes by segment for the first quarter of 2017 and 2016 were as follows (in millions).


	First Quarter
	2017		2016
Operating Businesses:
Insurance:
Underwriting:
GEICO	$	175	$	264
General Re		(143)		42
BHRG		(600)		(79)
BH Primary		189		121
Investment income		1,129		1,142

Total insurance		750		1,490
BNSF		1,345		1,258
Berkshire Hathaway Energy		615		569
Manufacturing		1,487		1,482
McLane Company		88		136
Service and retailing		393		324
Finance and financial products		466		478

		5,144		5,737
Reconciliation of segments to consolidated amount:
Investment and derivative gains/losses		775		1,040
Interest expense, not allocated to segments		(211)		(348)
Investments in Kraft Heinz		239		240
Corporate, eliminations and other		(259)		(213)

	$	5,688	$	6,456

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8981-108599

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
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+ Details