XML 64 R52.htm IDEA: XBRL DOCUMENT v3.20.2
Business segment data (Tables)
9 Months Ended
Sep. 30, 2020
Segment Reporting [Abstract]  
Schedule of revenues and earnings or loss before income taxes by segment

Our operating businesses include a large and diverse group of insurance, manufacturing, service and retailing businesses. We organize our reportable business segments in a manner that reflects how management views those business activities. Certain businesses are 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 and earnings before income taxes by segment for the third quarter and first nine months of 2020 and 2019 were as follows (in millions).

 

 

 

Third Quarter

 

 

First Nine Months

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Revenues of Operating Businesses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Insurance:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Underwriting:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

GEICO

 

$

8,540

 

 

$

8,996

 

 

$

26,689

 

 

$

26,487

 

Berkshire Hathaway Primary Group

 

 

2,490

 

 

 

2,387

 

 

 

7,103

 

 

 

6,825

 

Berkshire Hathaway Reinsurance Group

 

 

4,883

 

 

 

3,940

 

 

 

13,464

 

 

 

11,193

 

Investment income

 

 

1,223

 

 

 

1,789

 

 

 

4,486

 

 

 

4,930

 

Total insurance

 

 

17,136

 

 

 

17,112

 

 

 

51,742

 

 

 

49,435

 

BNSF

 

 

5,176

 

 

 

6,021

 

 

 

15,195

 

 

 

17,676

 

Berkshire Hathaway Energy

 

 

6,226

 

 

 

5,720

 

 

 

15,392

 

 

 

15,362

 

Manufacturing

 

 

15,170

 

 

 

15,897

 

 

 

43,238

 

 

 

47,173

 

McLane Company

 

 

12,040

 

 

 

12,604

 

 

 

35,079

 

 

 

37,214

 

Service and retailing

 

 

7,279

 

 

 

7,378

 

 

 

20,272

 

 

 

21,865

 

 

 

 

63,027

 

 

 

64,732

 

 

 

180,918

 

 

 

188,725

 

Reconciliation of segments to consolidated amount

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate, eliminations and other

 

 

(3

)

 

 

240

 

 

 

211

 

 

 

523

 

 

 

$

63,024

 

 

$

64,972

 

 

$

181,129

 

 

$

189,248

 

 

 

 

 

 

Third Quarter

 

 

First Nine Months

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Earnings Before Income Taxes of Operating Businesses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Insurance:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Underwriting:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

GEICO

 

$

276

 

 

$

376

 

 

$

3,320

 

 

$

1,539

 

Berkshire Hathaway Primary Group

 

 

(126

)

 

 

153

 

 

 

(63

)

 

 

290

 

Berkshire Hathaway Reinsurance Group

 

 

(441

)

 

 

52

 

 

 

(2,033

)

 

 

(305

)

Investment income

 

 

1,220

 

 

 

1,782

 

 

 

4,480

 

 

 

4,916

 

Total insurance

 

 

929

 

 

 

2,363

 

 

 

5,704

 

 

 

6,440

 

BNSF

 

 

1,777

 

 

 

1,941

 

 

 

4,855

 

 

 

5,379

 

Berkshire Hathaway Energy

 

 

1,122

 

 

 

1,061

 

 

 

2,074

 

 

 

2,194

 

Manufacturing

 

 

2,255

 

 

 

2,484

 

 

 

5,765

 

 

 

7,205

 

McLane Company

 

 

96

 

 

 

50

 

 

 

205

 

 

 

220

 

Service and retailing

 

 

779

 

 

 

639

 

 

 

1,745

 

 

 

2,005

 

 

 

 

6,958

 

 

 

8,538

 

 

 

20,348

 

 

 

23,443

 

Reconciliation of segments to consolidated amount

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Investment and derivative gains/losses

 

 

31,582

 

 

 

10,926

 

 

 

1,392

 

 

 

41,296

 

Interest expense, not allocated to segments

 

 

(116

)

 

 

(96

)

 

 

(363

)

 

 

(312

)

Equity method investments

 

 

290

 

 

 

644

 

 

 

333

 

 

 

936

 

Goodwill and intangible asset impairments

 

 

(25

)

 

 

 

 

 

(10,659

)

 

 

 

Corporate, eliminations and other

 

 

(759

)

 

 

477

 

 

 

(761

)

 

 

532

 

 

 

$

37,930

 

 

$

20,489

 

 

$

10,290

 

 

$

65,895