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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:      
Net earnings $ 90,807 $ 43,253 $ 81,792
Adjustments to reconcile net earnings to operating cash flows:      
Investment (gains) losses (77,576) (40,905) (71,123)
Depreciation and amortization 10,718 10,596 10,064
Other, including asset impairment charges (3,397) 11,263 (1,254)
Changes in operating assets and liabilities:      
Unpaid losses and loss adjustment expenses 4,595 4,819 6,087
Deferred charges - retroactive reinsurance 1,802 1,307 357
Unearned premiums 2,306 1,587 1,707
Receivables and originated loans (5,834) (1,609) (2,303)
Other assets (1,686) (1,109) (2,011)
Other liabilities 2,389 3,376 190
Income taxes 15,297 7,195 15,181
Net cash flows from operating activities 39,421 39,773 38,687
Cash flows from investing activities:      
Purchases of equity securities (8,448) (30,161) (18,642)
Sales of equity securities 15,849 38,756 14,336
Purchases of U.S. Treasury Bills and fixed maturity securities (152,637) (208,429) (136,123)
Sales of U.S. Treasury Bills and fixed maturity securities 27,188 31,873 15,929
Redemptions and maturities of U.S. Treasury Bills and fixed maturity securities 160,402 149,709 137,767
Purchases of loans and finance receivables (88) (772) (75)
Collections of loans and finance receivables 561 393 345
Acquisitions of businesses, net of cash acquired (456) (2,532) (1,683)
Purchases of property, plant and equipment and equipment held for lease (13,276) (13,012) (15,979)
Other 297 (3,582) (1,496)
Net cash flows from investing activities 29,392 (37,757) (5,621)
Cash flows from financing activities:      
Changes in short term borrowings, net (624) (1,118) 266
Acquisition of treasury stock (27,061) (24,706) (4,850)
Other (695) (429) (497)
Net cash flows from financing activities (28,508) (18,344) 730
Effects of foreign currency exchange rate changes 5 92 25
Increase (decrease) in cash and cash equivalents and restricted cash 40,310 (16,236) 33,821
Cash and cash equivalents and restricted cash at beginning of year 48,396 64,632 30,811
Cash and cash equivalents and restricted cash at end of year 88,706 48,396 64,632
Restricted cash, included in other assets at end of year $ 522 $ 406 $ 457
Restricted Cash and Cash Equivalents, Statement of Financial Position [Extensible Enumeration] Other Other Other
Insurance and Other [Member]      
Cash flows from financing activities:      
Proceeds from borrowings $ 2,961 $ 5,925 $ 8,144
Repayments of borrowings (3,032) (2,700) (5,095)
Cash and cash equivalents at end of year 85,319 [1] 44,714 [1] 61,151
Railroad, Utilities and Energy [Member]      
Cash flows from financing activities:      
Proceeds from borrowings 3,959 8,445 5,400
Repayments of borrowings (4,016) (3,761) (2,638)
Cash and cash equivalents at end of year $ 2,865 [1] $ 3,276 [1] $ 3,024
[1] Includes U.S. Treasury Bills with maturities of three months or less when purchased of $61.7 billion at December 31, 2021 and $23.2 billion at December 31, 2020.