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Revenues from contracts with customers
3 Months Ended
Mar. 31, 2021
Revenue From Contract With Customer [Abstract]  
Revenues from contracts with customers

Note 22. 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 first quarter of 2021 and 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.

 

 

 

Manufacturing

 

 

McLane

Company

 

 

Service

and

Retailing

 

 

BNSF

 

 

Berkshire

Hathaway

Energy

 

 

Insurance,

Corporate

and other

 

 

Total

 

Three months ending March 31, 2021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Manufactured products:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Industrial and commercial products

 

$

5,363

 

 

$

 

 

$

50

 

 

$

 

 

$

 

 

$

 

 

$

5,413

 

Building products

 

 

4,399

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4,399

 

Consumer products

 

 

4,163

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4,163

 

Grocery and convenience store distribution

 

 

 

 

 

7,442

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

7,442

 

Food and beverage distribution

 

 

 

 

 

4,004

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4,004

 

Auto sales

 

 

 

 

 

 

 

 

2,312

 

 

 

 

 

 

 

 

 

 

 

 

2,312

 

Other retail and wholesale distribution

 

 

703

 

 

 

 

 

 

3,656

 

 

 

 

 

 

 

 

 

 

 

 

4,359

 

Service

 

 

329

 

 

 

151

 

 

 

934

 

 

 

5,365

 

 

 

1,040

 

 

 

 

 

 

7,819

 

Electricity and natural gas

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4,712

 

 

 

 

 

 

4,712

 

Total

 

 

14,957

 

 

 

11,597

 

 

 

6,952

 

 

 

5,365

 

 

 

5,752

 

 

 

 

 

 

44,623

 

Other revenues

 

 

923

 

 

 

25

 

 

 

991

 

 

 

13

 

 

 

172

 

 

 

17,852

 

 

 

19,976

 

 

 

$

15,880

 

 

$

11,622

 

 

$

7,943

 

 

$

5,378

 

 

$

5,924

 

 

$

17,852

 

 

$

64,599

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ending March 31, 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Manufactured products:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Industrial and commercial products

 

$

6,119

 

 

$

 

 

$

44

 

 

$

 

 

$

 

 

$

 

 

$

6,163

 

Building products

 

 

3,695

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3,695

 

Consumer products

 

 

3,328

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3,328

 

Grocery and convenience store distribution

 

 

 

 

 

7,859

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

7,859

 

Food and beverage distribution

 

 

 

 

 

3,806

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3,806

 

Auto sales

 

 

 

 

 

 

 

 

1,909

 

 

 

 

 

 

 

 

 

 

 

 

1,909

 

Other retail and wholesale distribution

 

 

605

 

 

 

 

 

 

2,933

 

 

 

 

 

 

 

 

 

 

 

 

3,538

 

Service

 

 

387

 

 

 

132

 

 

 

961

 

 

 

5,366

 

 

 

793

 

 

 

 

 

 

7,639

 

Electricity and natural gas

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3,515

 

 

 

 

 

 

3,515

 

Total

 

 

14,134

 

 

 

11,797

 

 

 

5,847

 

 

 

5,366

 

 

 

4,308

 

 

 

 

 

 

41,452

 

Other revenues

 

 

880

 

 

 

24

 

 

 

1,091

 

 

 

14

 

 

 

199

 

 

 

17,605

 

 

 

19,813

 

 

 

$

15,014

 

 

$

11,821

 

 

$

6,938

 

 

$

5,380

 

 

$

4,507

 

 

$

17,605

 

 

$

61,265

 

 

 

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 March 31, 2021 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

 

$

3,034

 

 

$

20,918

 

 

$

23,952

 

Other sales and service contracts

 

 

1,324

 

 

 

2,259

 

 

 

3,583