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Revenues from contracts with customers
6 Months Ended
Jun. 30, 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 second quarter and first six months 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 June 30, 2021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Manufactured products:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Industrial and commercial products

 

$

5,586

 

 

$

 

 

$

49

 

 

$

 

 

$

 

 

$

 

 

$

5,635

 

Building products

 

 

5,114

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

5,114

 

Consumer products

 

 

4,604

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4,604

 

Grocery and convenience store distribution

 

 

 

 

 

7,729

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

7,729

 

Food and beverage distribution

 

 

 

 

 

4,356

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4,356

 

Auto sales

 

 

 

 

 

 

 

 

2,750

 

 

 

 

 

 

 

 

 

 

 

 

2,750

 

Other retail and wholesale distribution

 

 

754

 

 

 

 

 

 

4,008

 

 

 

 

 

 

 

 

 

 

 

 

4,762

 

Service

 

 

370

 

 

 

183

 

 

 

1,053

 

 

 

5,763

 

 

 

1,593

 

 

 

 

 

 

8,962

 

Electricity and natural gas

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4,198

 

 

 

 

 

 

4,198

 

Total

 

 

16,428

 

 

 

12,268

 

 

 

7,860

 

 

 

5,763

 

 

 

5,791

 

 

 

 

 

 

48,110

 

Other revenues

 

 

947

 

 

 

27

 

 

 

1,094

 

 

 

15

 

 

 

294

 

 

 

18,627

 

 

 

21,004

 

 

 

$

17,375

 

 

$

12,295

 

 

$

8,954

 

 

$

5,778

 

 

$

6,085

 

 

$

18,627

 

 

$

69,114

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six months ending June 30, 2021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Manufactured products:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Industrial and commercial products

 

$

10,949

 

 

$

 

 

$

99

 

 

$

 

 

$

 

 

$

 

 

$

11,048

 

Building products

 

 

9,513

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

9,513

 

Consumer products

 

 

8,767

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

8,767

 

Grocery and convenience store distribution

 

 

 

 

 

15,171

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

15,171

 

Food and beverage distribution

 

 

 

 

 

8,360

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

8,360

 

Auto sales

 

 

 

 

 

 

 

 

5,062

 

 

 

 

 

 

 

 

 

 

 

 

5,062

 

Other retail and wholesale distribution

 

 

1,457

 

 

 

 

 

 

7,664

 

 

 

 

 

 

 

 

 

 

 

 

9,121

 

Service

 

 

699

 

 

 

334

 

 

 

1,987

 

 

 

11,128

 

 

 

2,633

 

 

 

 

 

 

16,781

 

Electricity and natural gas

 

 

 

 

 

 

 

 

 

 

 

 

 

 

8,910

 

 

 

 

 

 

8,910

 

Total

 

 

31,385

 

 

 

23,865

 

 

 

14,812

 

 

 

11,128

 

 

 

11,543

 

 

 

 

 

 

92,733

 

Other revenues

 

 

1,870

 

 

 

52

 

 

 

2,085

 

 

 

28

 

 

 

466

 

 

 

36,479

 

 

 

40,980

 

 

 

$

33,255

 

 

$

23,917

 

 

$

16,897

 

 

$

11,156

 

 

$

12,009

 

 

$

36,479

 

 

$

133,713

 

 

 

Notes to Consolidated Financial Statements (Continued)

Note 22. Revenues from contracts with customers (Continued)

 

 

 

Manufacturing

 

 

McLane

Company

 

 

Service

and

Retailing

 

 

BNSF

 

 

Berkshire

Hathaway

Energy

 

 

Insurance,

Corporate

and other

 

 

Total

 

Three months ending June 30, 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Manufactured products:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Industrial and commercial products

 

$

4,631

 

 

$

 

 

$

45

 

 

$

 

 

$

 

 

$

 

 

$

4,676

 

Building products

 

 

3,665

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3,665

 

Consumer products

 

 

3,009

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3,009

 

Grocery and convenience store distribution

 

 

 

 

 

7,287

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

7,287

 

Food and beverage distribution

 

 

 

 

 

3,787

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3,787

 

Auto sales

 

 

 

 

 

 

 

 

1,895

 

 

 

 

 

 

 

 

 

 

 

 

1,895

 

Other retail and wholesale distribution

 

 

487

 

 

 

 

 

 

2,620

 

 

 

 

 

 

 

 

 

 

 

 

3,107

 

Service

 

 

348

 

 

 

122

 

 

 

634

 

 

 

4,558

 

 

 

971

 

 

 

 

 

 

6,633

 

Electricity and natural gas

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3,319

 

 

 

 

 

 

3,319

 

Total

 

 

12,140

 

 

 

11,196

 

 

 

5,194

 

 

 

4,558

 

 

 

4,290

 

 

 

 

 

 

37,378

 

Other revenues

 

 

877

 

 

 

22

 

 

 

827

 

 

 

14

 

 

 

369

 

 

 

17,353

 

 

 

19,462

 

 

 

$

13,017

 

 

$

11,218

 

 

$

6,021

 

 

$

4,572

 

 

$

4,659

 

 

$

17,353

 

 

$

56,840

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six months ending June 30, 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Manufactured products:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Industrial and commercial products

 

$

10,750

 

 

$

 

 

$

89

 

 

$

 

 

$

 

 

$

 

 

$

10,839

 

Building products

 

 

7,360

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

7,360

 

Consumer products

 

 

6,337

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

6,337

 

Grocery and convenience store distribution

 

 

 

 

 

15,146

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

15,146

 

Food and beverage distribution

 

 

 

 

 

7,593

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

7,593

 

Auto sales

 

 

 

 

 

 

 

 

3,804

 

 

 

 

 

 

 

 

 

 

 

 

3,804

 

Other retail and wholesale distribution

 

 

1,092

 

 

 

 

 

 

5,553

 

 

 

 

 

 

 

 

 

 

 

 

6,645

 

Service

 

 

735

 

 

 

254

 

 

 

1,595

 

 

 

9,924

 

 

 

1,764

 

 

 

 

 

 

14,272

 

Electricity and natural gas

 

 

 

 

 

 

 

 

 

 

 

 

 

 

6,834

 

 

 

 

 

 

6,834

 

Total

 

 

26,274

 

 

 

22,993

 

 

 

11,041

 

 

 

9,924

 

 

 

8,598

 

 

 

 

 

 

78,830

 

Other revenues

 

 

1,757

 

 

 

46

 

 

 

1,918

 

 

 

28

 

 

 

568

 

 

 

34,958

 

 

 

39,275

 

 

 

$

28,031

 

 

$

23,039

 

 

$

12,959

 

 

$

9,952

 

 

$

9,166

 

 

$

34,958

 

 

$

118,105

 

 

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 June 30, 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

 

$

2,912

 

 

$

21,728

 

 

$

24,640

 

Other sales and service contracts

 

 

1,361

 

 

 

2,211

 

 

 

3,572