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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities:    
Net earnings $ 12,697 $ 18,072
Adjustments to reconcile net earnings to operating cash flows:    
Investment gains/losses (1,262) (5,643)
Depreciation and amortization 6,835 6,605
Other 1,110 (47)
Changes in operating assets and liabilities:    
Losses and loss adjustment expenses 22,615 2,615
Deferred charges reinsurance assumed (5,525) 182
Unearned premiums 2,253 1,906
Receivables and originated loans (2,890) (3,445)
Derivative contract assets and liabilities (704) 137
Income taxes 2,593 3,601
Other (225) 1,114
Net cash flows from operating activities 37,497 25,097
Cash flows from investing activities:    
Purchases of U.S. Treasury Bills and fixed maturity securities (106,597) (79,326)
Purchases of equity securities (14,936) (5,185)
Sales of U.S. Treasury Bills and fixed maturity securities 35,143 8,430
Redemptions and maturities of U.S. Treasury Bills and fixed maturity securities 65,666 21,725
Sales and redemptions of equity securities 10,572 19,989
Purchases of loans and finance receivables (1,392) (224)
Collections of loans and finance receivables 1,599 271
Acquisitions of businesses, net of cash acquired (2,640) (30,815)
Purchases of property, plant and equipment (8,411) (9,429)
Other (198) (611)
Net cash flows from investing activities (21,194) (75,175)
Cash flows from financing activities:    
Changes in short term borrowings, net 122 888
Other financing activities (108) (31)
Net cash flows from financing activities (1,867) 12,196
Effects of foreign currency exchange rate changes 222 (10)
Increase (decrease) in cash and cash equivalents 14,658 (37,892)
Cash and cash equivalents:    
Cash and cash equivalents at beginning of year 28,048 67,161
Cash and cash equivalents at September 30 42,706 29,269
Insurance and Other [Member]    
Adjustments to reconcile net earnings to operating cash flows:    
Investment gains/losses (1,056) (3,221)
Cash flows from financing activities:    
Proceeds from borrowings 1,321 9,385
Repayments of borrowings (1,763) (1,921)
Cash and cash equivalents:    
Cash and cash equivalents at beginning of year 23,581 56,612
Cash and cash equivalents at September 30 35,247 21,778
Railroad, Utilities and Energy [Member]    
Cash flows from financing activities:    
Proceeds from borrowings 2,812 2,234
Repayments of borrowings (1,944) (1,879)
Cash and cash equivalents:    
Cash and cash equivalents at beginning of year 3,939 3,437
Cash and cash equivalents at September 30 4,448 3,893
Finance and Financial Products [Member]    
Adjustments to reconcile net earnings to operating cash flows:    
Investment gains/losses (206) (2,422)
Cash flows from financing activities:    
Proceeds from borrowings 1,298 4,740
Repayments of borrowings (3,605) (1,220)
Cash and cash equivalents:    
Cash and cash equivalents at beginning of year 528 7,112
Cash and cash equivalents at September 30 $ 3,011 $ 3,598