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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:      
Net earnings $ 81,792 $ 4,322 $ 45,353
Adjustments to reconcile net earnings to operating cash flows:      
Investment gains/losses (71,123) 22,155 (1,410)
Depreciation and amortization 10,064 9,779 9,188
Other (1,254) 2,957 458
Changes in operating assets and liabilities:      
Losses and loss adjustment expenses 6,087 3,449 25,027
Deferred charges reinsurance assumed 357 1,174 (7,231)
Unearned premiums 1,707 1,794 1,761
Receivables and originated loans (2,303) (3,443) (1,990)
Other assets (2,011) (1,832) (1,665)
Other liabilities 190 2,002 1,194
Income taxes 15,181 (4,957) (24,957)
Net cash flows from operating activities 38,687 37,400 45,728
Cash flows from investing activities:      
Purchases of equity securities (18,642) (43,210) (20,326)
Sales and redemptions of equity securities 14,336 18,783 19,512
Purchases of U.S. Treasury Bills and fixed maturity securities (136,123) (141,844) (158,492)
Sales of U.S. Treasury Bills and fixed maturity securities 15,929 39,693 49,327
Redemptions and maturities of U.S. Treasury Bills and fixed maturity securities 137,767 113,045 86,727
Purchases of loans and finance receivables (75) (1,771) (1,435)
Collections of loans and finance receivables 345 342 1,702
Acquisitions of businesses, net of cash acquired (1,683) (3,279) (2,708)
Purchases of property, plant and equipment and equipment held for lease (15,979) (14,537) (11,708)
Other (1,496) (71) (3,608)
Net cash flows from investing activities (5,621) (32,849) (41,009)
Cash flows from financing activities:      
Changes in short term borrowings, net 266 (1,943) 2,079
Acquisition of treasury stock (4,850) (1,346)  
Other (497) (343) (121)
Net cash flows from financing activities 730 (5,812) (1,398)
Effects of foreign currency exchange rate changes 25 (140) 248
Increase (decrease) in cash and cash equivalents and restricted cash 33,821 (1,401) 3,569
Cash and cash equivalents and restricted cash at beginning of year 30,811 32,212 28,643
Cash and cash equivalents and restricted cash at end of year 64,632 30,811 32,212
Restricted cash, included in other assets at end of year $ 457 $ 450 $ 629
Restricted Cash and Cash Equivalents, Asset, Statement of Financial Position [Extensible List] us-gaap:OtherAssets us-gaap:OtherAssets us-gaap:OtherAssets
Insurance and Other [Member]      
Cash flows from financing activities:      
Proceeds from borrowings $ 8,144 $ 2,409 $ 2,645
Repayments of borrowings (5,095) (7,395) (5,465)
Cash and cash equivalents at end of year 61,151 [1] 27,749 [1] 28,673
Railroad, Utilities and Energy [Member]      
Cash flows from financing activities:      
Proceeds from borrowings 5,400 7,019 3,013
Repayments of borrowings (2,638) (4,213) (3,549)
Cash and cash equivalents at end of year $ 3,024 [1] $ 2,612 [1] $ 2,910
[1] Cash and cash equivalents includes U.S. Treasury Bills with maturities of three months or less when purchased of $37.1 billion at December 31, 2019 and $3.9 billion at December 31, 2018.