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Revenues from contracts with customers (Tables)
6 Months Ended
Jun. 30, 2020
Revenue From Contract With Customer [Abstract]  
Revenue from contracts with customers disaggregated by reportable segment and source of revenue

Notes to Consolidated Financial Statements (Continued)

Note 23. Revenues from contracts with customers

We recognize revenue when a good or service is transferred to a customer. A good or service is transferred when or as the customer obtains control of that good or service. Revenues are based on the consideration we expect to receive in connection with our promises to deliver goods and services to our customers.

The following tables summarize customer contract revenues disaggregated by reportable segment and the source of the revenue for the second quarter and first six months of 2020 and 2019 (in millions). Other revenues included in consolidated revenues were primarily insurance premiums earned, interest, dividend and other investment income and leasing revenues, which are not considered to be revenues from contracts with customers under GAAP.

 

 

 

Manufacturing

 

 

McLane

Company

 

 

Service

and

Retail

 

 

BNSF

 

 

Berkshire

Hathaway

Energy

 

 

Insurance,

Corporate

and other

 

 

Total

 

Three months ending June 30, 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Manufactured products:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Industrial and commercial products

 

$

4,631

 

 

$

 

 

$

45

 

 

$

 

 

$

 

 

$

 

 

$

4,676

 

Building products

 

 

3,665

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3,665

 

Consumer products

 

 

3,009

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3,009

 

Grocery and convenience store distribution

 

 

 

 

 

7,287

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

7,287

 

Food and beverage distribution

 

 

 

 

 

3,787

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3,787

 

Auto sales

 

 

 

 

 

 

 

 

1,895

 

 

 

 

 

 

 

 

 

 

 

 

1,895

 

Other retail and wholesale distribution

 

 

487

 

 

 

 

 

 

2,620

 

 

 

 

 

 

 

 

 

 

 

 

3,107

 

Service

 

 

348

 

 

 

122

 

 

 

634

 

 

 

4,558

 

 

 

971

 

 

 

 

 

 

6,633

 

Electricity and natural gas

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3,319

 

 

 

 

 

 

3,319

 

Total

 

 

12,140

 

 

 

11,196

 

 

 

5,194

 

 

 

4,558

 

 

 

4,290

 

 

 

 

 

 

37,378

 

Other revenues

 

 

877

 

 

 

22

 

 

 

827

 

 

 

14

 

 

 

369

 

 

 

17,353

 

 

 

19,462

 

 

 

$

13,017

 

 

$

11,218

 

 

$

6,021

 

 

$

4,572

 

 

$

4,659

 

 

$

17,353

 

 

$

56,840

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six months ending June 30, 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Manufactured products:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Industrial and commercial products

 

$

10,750

 

 

$

 

 

$

89

 

 

$

 

 

$

 

 

$

 

 

$

10,839

 

Building products

 

 

7,360

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

7,360

 

Consumer products

 

 

6,337

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

6,337

 

Grocery and convenience store distribution

 

 

 

 

 

15,146

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

15,146

 

Food and beverage distribution

 

 

 

 

 

7,593

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

7,593

 

Auto sales

 

 

 

 

 

 

 

 

3,804

 

 

 

 

 

 

 

 

 

 

 

 

3,804

 

Other retail and wholesale distribution

 

 

1,092

 

 

 

 

 

 

5,553

 

 

 

 

 

 

 

 

 

 

 

 

6,645

 

Service

 

 

735

 

 

 

254

 

 

 

1,595

 

 

 

9,924

 

 

 

1,764

 

 

 

 

 

 

14,272

 

Electricity and natural gas

 

 

 

 

 

 

 

 

 

 

 

 

 

 

6,834

 

 

 

 

 

 

6,834

 

Total

 

 

26,274

 

 

 

22,993

 

 

 

11,041

 

 

 

9,924

 

 

 

8,598

 

 

 

 

 

 

78,830

 

Other revenues

 

 

1,757

 

 

 

46

 

 

 

1,918

 

 

 

28

 

 

 

568

 

 

 

34,958

 

 

 

39,275

 

 

 

$

28,031

 

 

$

23,039

 

 

$

12,959

 

 

$

9,952

 

 

$

9,166

 

 

$

34,958

 

 

$

118,105

 

 

 

 

 

Manufacturing

 

 

McLane

Company

 

 

Service

and

Retail

 

 

BNSF

 

 

Berkshire

Hathaway

Energy

 

 

Insurance,

Corporate

and other

 

 

Total

 

Three months ending June 30, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Manufactured products:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Industrial and commercial products

 

$

6,503

 

 

$

 

 

$

46

 

 

$

 

 

$

 

 

$

 

 

$

6,549

 

Building products

 

 

4,143

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4,143

 

Consumer products

 

 

3,669

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3,669

 

Grocery and convenience store distribution

 

 

 

 

 

8,042

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

8,042

 

Food and beverage distribution

 

 

 

 

 

4,321

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4,321

 

Auto sales

 

 

 

 

 

 

 

 

2,125

 

 

 

 

 

 

 

 

 

 

 

 

2,125

 

Other retail and wholesale distribution

 

 

534

 

 

 

 

 

 

3,092

 

 

 

 

 

 

 

 

 

 

 

 

3,626

 

Service

 

 

429

 

 

 

23

 

 

 

1,044

 

 

 

5,837

 

 

 

1,223

 

 

 

 

 

 

8,556

 

Electricity and natural gas

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3,429

 

 

 

 

 

 

3,429

 

Total

 

 

15,278

 

 

 

12,386

 

 

 

6,307

 

 

 

5,837

 

 

 

4,652

 

 

 

 

 

 

44,460

 

Other revenues

 

 

913

 

 

 

25

 

 

 

1,133

 

 

 

14

 

 

 

318

 

 

 

16,735

 

 

 

19,138

 

 

 

$

16,191

 

 

$

12,411

 

 

$

7,440

 

 

$

5,851

 

 

$

4,970

 

 

$

16,735

 

 

$

63,598

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six months ending June 30, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Manufactured products:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Industrial and commercial products

 

$

12,962

 

 

$

 

 

$

92

 

 

$

 

 

$

 

 

$

 

 

$

13,054

 

Building products

 

 

7,695

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

7,695

 

Consumer products

 

 

6,959

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

6,959

 

Grocery and convenience store distribution

 

 

 

 

 

16,077

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

16,077

 

Food and beverage distribution

 

 

 

 

 

8,446

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

8,446

 

Auto sales

 

 

 

 

 

 

 

 

4,062

 

 

 

 

 

 

 

 

 

 

 

 

4,062

 

Other retail and wholesale distribution

 

 

1,078

 

 

 

 

 

 

6,013

 

 

 

 

 

 

 

 

 

 

 

 

7,091

 

Service

 

 

777

 

 

 

43

 

 

 

2,034

 

 

 

11,550

 

 

 

1,948

 

 

 

 

 

 

16,352

 

Electricity and natural gas

 

 

 

 

 

 

 

 

 

 

 

 

 

 

7,116

 

 

 

 

 

 

7,116

 

Total

 

 

29,471

 

 

 

24,566

 

 

 

12,201

 

 

 

11,550

 

 

 

9,064

 

 

 

 

 

 

86,852

 

Other revenues

 

 

1,779

 

 

 

44

 

 

 

2,242

 

 

 

26

 

 

 

578

 

 

 

32,755

 

 

 

37,424

 

 

 

$

31,250

 

 

$

24,610

 

 

$

14,443

 

 

$

11,576

 

 

$

9,642

 

 

$

32,755

 

 

$

124,276

 

 

Transaction price allocated to significant unsatisfied remaining performance obligations

A summary of the transaction price allocated to the significant unsatisfied remaining performance obligations relating to contracts with expected durations in excess of one year as of June 30, 2020 follows (in millions).

 

 

 

Performance obligations

expected to be satisfied:

 

 

 

 

 

 

 

Less than

12 months

 

 

Greater than

12 months

 

 

Total

 

Electricity and natural gas

 

$

884

 

 

$

4,888

 

 

$

5,772

 

Other sales and service contracts

 

 

1,155

 

 

 

2,663

 

 

 

3,818