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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:      
Net earnings $ 43,253 $ 81,792 $ 4,322
Adjustments to reconcile net earnings to operating cash flows:      
Investment (gains) losses (40,905) (71,123) 22,155
Depreciation and amortization 10,596 10,064 9,779
Other, including asset impairment charges 11,263 (1,254) 2,957
Changes in operating assets and liabilities:      
Losses and loss adjustment expenses 4,819 6,087 3,449
Deferred charges reinsurance assumed 1,307 357 1,174
Unearned premiums 1,587 1,707 1,794
Receivables and originated loans (1,609) (2,303) (3,443)
Other assets (1,109) (2,011) (1,832)
Other liabilities 3,376 190 2,002
Income taxes 7,195 15,181 (4,957)
Net cash flows from operating activities 39,773 38,687 37,400
Cash flows from investing activities:      
Purchases of equity securities (30,161) (18,642) (43,210)
Sales of equity securities 38,756 14,336 18,783
Purchases of U.S. Treasury Bills and fixed maturity securities (208,429) (136,123) (141,844)
Sales of U.S. Treasury Bills and fixed maturity securities 31,873 15,929 39,693
Redemptions and maturities of U.S. Treasury Bills and fixed maturity securities 149,709 137,767 113,045
Purchases of loans and finance receivables (772) (75) (1,771)
Collections of loans and finance receivables 393 345 342
Acquisitions of businesses, net of cash acquired (2,532) (1,683) (3,279)
Purchases of property, plant and equipment and equipment held for lease (13,012) (15,979) (14,537)
Other (3,582) (1,496) (71)
Net cash flows from investing activities (37,757) (5,621) (32,849)
Cash flows from financing activities:      
Changes in short term borrowings, net (1,118) 266 (1,943)
Acquisition of treasury stock (24,706) (4,850) (1,346)
Other (429) (497) (343)
Net cash flows from financing activities (18,344) 730 (5,812)
Effects of foreign currency exchange rate changes 92 25 (140)
Increase (decrease) in cash and cash equivalents and restricted cash (16,236) 33,821 (1,401)
Cash and cash equivalents and restricted cash at beginning of year 64,632 30,811 32,212
Cash and cash equivalents and restricted cash at end of year 48,396 64,632 30,811
Restricted cash, included in other assets at end of year $ 406 $ 457 $ 450
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 $ 5,925 $ 8,144 $ 2,409
Repayments of borrowings (2,700) (5,095) (7,395)
Cash and cash equivalents at end of year 44,714 [1] 61,151 [1] 27,749
Railroad, Utilities and Energy [Member]      
Cash flows from financing activities:      
Proceeds from borrowings 8,445 5,400 7,019
Repayments of borrowings (3,761) (2,638) (4,213)
Cash and cash equivalents at end of year $ 3,276 [1] $ 3,024 [1] $ 2,612
[1] 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.