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Revenues from contracts with customers
12 Months Ended
Dec. 31, 2020
Revenue From Contract With Customer [Abstract]  
Revenues from contracts with customers

(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.

Notes to Consolidated Financial Statements (Continued)

(23)

Revenues from contracts with customers (Continued)

The following tables summarize customer contract revenues disaggregated by reportable segment and the source of the revenue for each of the three years ended December 31, 2020 (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.

 

2020

 

Manufacturing

 

 

McLane

Company

 

 

Service and

retailing

 

 

BNSF

 

 

Berkshire

Hathaway

Energy

 

 

Insurance,

Corporate

and other

 

 

Total

 

Manufactured products:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Industrial and commercial products

 

$

20,772

 

 

$

 

 

$

192

 

 

$

 

 

$

 

 

$

 

 

$

20,964

 

Building products

 

 

15,943

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

15,943

 

Consumer products

 

 

14,757

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

14,757

 

Grocery and convenience store distribution

 

 

 

 

 

30,795

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

30,795

 

Food and beverage distribution

 

 

 

 

 

15,368

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

15,368

 

Auto sales

 

 

 

 

 

 

 

 

8,258

 

 

 

 

 

 

 

 

 

 

 

 

8,258

 

Other retail and wholesale distribution

 

 

2,452

 

 

 

 

 

 

12,470

 

 

 

 

 

 

 

 

 

 

 

 

14,922

 

Service

 

 

1,456

 

 

 

584

 

 

 

3,332

 

 

 

20,693

 

 

 

4,595

 

 

 

 

 

 

30,660

 

Electricity and natural gas

 

 

 

 

 

 

 

 

 

 

 

 

 

 

15,066

 

 

 

 

 

 

15,066

 

Total

 

 

55,380

 

 

 

46,747

 

 

 

24,252

 

 

 

20,693

 

 

 

19,661

 

 

 

 

 

 

166,733

 

Other revenues

 

 

3,598

 

 

 

93

 

 

 

3,859

 

 

 

57

 

 

 

1,353

 

 

 

69,817

 

 

 

78,777

 

 

 

$

58,978

 

 

$

46,840

 

 

$

28,111

 

 

$

20,750

 

 

$

21,014

 

 

$

69,817

 

 

$

245,510

 

 

 

2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Manufactured products:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Industrial and commercial products

 

$

25,311

 

 

$

 

 

$

184

 

 

$

 

 

$

 

 

$

 

 

$

25,495

 

Building products

 

 

15,620

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

15,620

 

Consumer products

 

 

14,120

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

14,120

 

Grocery and convenience store distribution

 

 

 

 

 

33,057

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

33,057

 

Food and beverage distribution

 

 

 

 

 

16,767

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

16,767

 

Auto sales

 

 

 

 

 

 

 

 

8,481

 

 

 

 

 

 

 

 

 

 

 

 

8,481

 

Other retail and wholesale distribution

 

 

2,299

 

 

 

 

 

 

12,213

 

 

 

 

 

 

 

 

 

 

 

 

14,512

 

Service

 

 

1,642

 

 

 

539

 

 

 

4,062

 

 

 

23,302

 

 

 

4,096

 

 

 

 

 

 

33,641

 

Electricity and natural gas

 

 

 

 

 

 

 

 

 

 

 

 

 

 

14,819

 

 

 

 

 

 

14,819

 

Total

 

 

58,992

 

 

 

50,363

 

 

 

24,940

 

 

 

23,302

 

 

 

18,915

 

 

 

 

 

 

176,512

 

Other revenues

 

 

3,632

 

 

 

95

 

 

 

4,459

 

 

 

55

 

 

 

1,181

 

 

 

68,682

 

 

 

78,104

 

 

 

$

62,624

 

 

$

50,458

 

 

$

29,399

 

 

$

23,357

 

 

$

20,096

 

 

$

68,682

 

 

$

254,616

 

 

 

2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Manufactured products:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Industrial and commercial products

 

$

25,707

 

 

$

 

 

$

204

 

 

$

 

 

$

 

 

$

 

 

$

25,911

 

Building products

 

 

14,323

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

14,323

 

Consumer products

 

 

14,790

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

14,790

 

Grocery and convenience store distribution

 

 

 

 

 

33,518

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

33,518

 

Food and beverage distribution

 

 

 

 

 

16,309

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

16,309

 

Auto sales

 

 

 

 

 

 

 

 

8,181

 

 

 

 

 

 

 

 

 

 

 

 

8,181

 

Other retail and wholesale distribution

 

 

2,091

 

 

 

 

 

 

12,067

 

 

 

 

 

 

 

 

 

 

 

 

14,158

 

Service

 

 

1,519

 

 

 

84

 

 

 

4,100

 

 

 

23,652

 

 

 

3,949

 

 

 

 

 

 

33,304

 

Electricity and natural gas

 

 

 

 

 

 

 

 

 

 

 

 

 

 

14,951

 

 

 

 

 

 

14,951

 

Total

 

 

58,430

 

 

 

49,911

 

 

 

24,552

 

 

 

23,652

 

 

 

18,900

 

 

 

 

 

 

175,445

 

Other revenues

 

 

3,340

 

 

 

76

 

 

 

4,297

 

 

 

51

 

 

 

1,070

 

 

 

63,558

 

 

 

72,392

 

 

 

$

61,770

 

 

$

49,987

 

 

$

28,849

 

 

$

23,703

 

 

$

19,970

 

 

$

63,558

 

 

$

247,837

 

 

Notes to Consolidated Financial Statements (Continued)

(23)

Revenues from contracts with customers (Continued)

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 December 31, 2020 and the timing of when the performance obligations are expected to be satisfied follows (in millions).

 

 

 

Less than

12 months

 

 

Greater than

12 months

 

 

Total

 

Electricity and natural gas

 

$

3,210

 

 

$

22,088

 

 

$

25,298

 

Other sales and service contracts

 

 

1,228

 

 

 

2,382

 

 

 

3,610