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Consolidated Balance Sheets
€ in Millions, £ in Millions, $ in Millions, ¥ in Billions
Dec. 31, 2020
USD ($)
Dec. 31, 2019
USD ($)
ASSETS    
Investments in fixed maturity securities $ 20,410 $ 18,685
Investments in equity securities 281,170 [1] 248,027 [2]
Loans and finance receivables 19,201 17,527
Inventories 19,208 19,852
Equipment held for lease 14,601 15,065
Goodwill [3] 73,734 81,882
Deferred charges under retroactive reinsurance contracts 12,441 13,747
Total assets 873,729 817,729
LIABILITIES    
Unpaid losses and loss adjustment expenses 79,854 73,019
Unpaid losses and loss adjustment expenses under retroactive reinsurance contracts 40,966 42,441
Income taxes, principally deferred 74,098 66,799
Total liabilities 422,393 389,166
Shareholders’ equity:    
Common stock 8 8
Capital in excess of par value 35,626 35,658
Accumulated other comprehensive income (4,243) (5,243)
Retained earnings 444,626 402,493
Treasury stock, at cost (32,853) (8,125)
Berkshire Hathaway shareholders’ equity 443,164 424,791
Noncontrolling interests 8,172 3,772
Total shareholders’ equity 451,336 428,563
Total liabilities and shareholders' equity 873,729 817,729
Insurance and Other [Member]    
ASSETS    
Cash and cash equivalents [4] 44,714 61,151
Short-term investments in U.S. Treasury Bills 90,300 63,822
Investments in fixed maturity securities 20,410 18,685
Investments in equity securities 281,170 248,027
Equity method investments 17,303 17,505
Loans and finance receivables 19,201 17,527
Other receivables 32,310 32,418
Inventories 19,208 19,852
Property, plant and equipment 21,200 21,438
Equipment held for lease 14,601 15,065
Goodwill 47,121 57,052
Other intangible assets 29,462 31,051
Deferred charges under retroactive reinsurance contracts 12,441 13,747
Other 14,580 13,232
Total assets 664,021 630,572
LIABILITIES    
Unpaid losses and loss adjustment expenses 79,854 73,019
Unpaid losses and loss adjustment expenses under retroactive reinsurance contracts 40,966 42,441
Unearned premiums 21,395 19,782
Life, annuity and health insurance benefits 21,616 20,155
Other policyholder liabilities 8,670 7,723
Accounts payable, accruals and other liabilities 29,279 27,611
Derivative contract liabilities 1,065 968
Aircraft repurchase liabilities and unearned lease revenues 5,856 5,281
Notes payable and other borrowings 41,522 37,590
Total liabilities 250,223 234,570
Railroad, Utilities and Energy [Member]    
ASSETS    
Cash and cash equivalents [4] 3,276 3,024
Receivables 3,542 3,417
Property, plant and equipment 151,216 137,838
Goodwill 26,613 24,830
Regulatory assets 3,440 2,881
Other 21,621 15,167
Total assets 209,708 187,157
LIABILITIES    
Accounts payable, accruals and other liabilities 15,224 14,708
Regulatory liabilities 7,475 7,311
Notes payable and other borrowings 75,373 65,778
Total liabilities $ 98,072 $ 87,797
[1] Approximately 68% of the aggregate fair value was concentrated in four companies (American Express Company – $18.3 billion; Apple Inc. – $120.4 billion; Bank of America Corporation – $31.3 billion and The Coca-Cola Company – $21.9 billion).
[2] Approximately 60% of the aggregate fair value was concentrated in four companies (American Express Company – $18.9 billion; Apple Inc. – $73.7 billion; Bank of America Corporation – $33.4 billion and The Coca-Cola Company – $22.1 billion).
[3] Net of accumulated goodwill impairments of $11.0 billion as of December 31, 2020 and $1.1 billion as of December 31, 2019.
[4] Includes U.S. Treasury Bills with maturities of three months or less when purchased of $23.2 billion at December 31, 2020 and $37.1 billion at December 31, 2019.