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Revenues from contracts with customers
6 Months Ended
Jun. 30, 2022
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 2022 and 2021 (in millions). Other revenues, which are not considered to be revenues from contracts with customers under GAAP, are primarily insurance premiums earned, interest, dividend and other investment income and leasing revenues.

 

 

 

Manufacturing

 

 

McLane

 

 

Service

and

Retailing

 

 

BNSF

 

 

Berkshire

Hathaway

Energy

 

 

Insurance,

Corporate

and other

 

 

Total

 

Three months ending June 30, 2022

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Manufactured products:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Industrial and commercial products

 

$

6,142

 

 

$

 

 

$

48

 

 

$

 

 

$

 

 

$

 

 

$

6,190

 

Building products

 

 

5,970

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

5,970

 

Consumer products

 

 

5,509

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

5,509

 

Grocery and convenience store distribution

 

 

 

 

 

7,979

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

7,979

 

Food and beverage distribution

 

 

 

 

 

5,002

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

5,002

 

Auto sales

 

 

 

 

 

 

 

 

2,675

 

 

 

 

 

 

 

 

 

 

 

 

2,675

 

Other retail and wholesale distribution

 

 

818

 

 

 

 

 

 

4,265

 

 

 

 

 

 

 

 

 

 

 

 

5,083

 

Service

 

 

302

 

 

 

248

 

 

 

1,078

 

 

 

6,596

 

 

 

1,561

 

 

 

 

 

 

9,785

 

Electricity and natural gas

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4,740

 

 

 

 

 

 

4,740

 

Total

 

 

18,741

 

 

 

13,229

 

 

 

8,066

 

 

 

6,596

 

 

 

6,301

 

 

 

 

 

 

52,933

 

Other revenues

 

 

995

 

 

 

33

 

 

 

1,527

 

 

 

16

 

 

 

212

 

 

 

20,464

 

 

 

23,247

 

 

 

$

19,736

 

 

$

13,262

 

 

$

9,593

 

 

$

6,612

 

 

$

6,513

 

 

$

20,464

 

 

$

76,180

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six months ending June 30, 2022

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Manufactured products:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Industrial and commercial products

 

$

12,074

 

 

$

 

 

$

97

 

 

$

 

 

$

 

 

$

 

 

$

12,171

 

Building products

 

 

11,389

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

11,389

 

Consumer products

 

 

10,602

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

10,602

 

Grocery and convenience store distribution

 

 

 

 

 

15,685

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

15,685

 

Food and beverage distribution

 

 

 

 

 

9,564

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

9,564

 

Auto sales

 

 

 

 

 

 

 

 

5,202

 

 

 

 

 

 

 

 

 

 

 

 

5,202

 

Other retail and wholesale distribution

 

 

1,540

 

 

 

 

 

 

8,440

 

 

 

 

 

 

 

 

 

 

 

 

9,980

 

Service

 

 

566

 

 

 

462

 

 

 

2,084

 

 

 

12,527

 

 

 

2,673

 

 

 

 

 

 

18,312

 

Electricity and natural gas

 

 

 

 

 

 

 

 

 

 

 

 

 

 

9,454

 

 

 

 

 

 

9,454

 

Total

 

 

36,171

 

 

 

25,711

 

 

 

15,823

 

 

 

12,527

 

 

 

12,127

 

 

 

 

 

 

102,359

 

Other revenues

 

 

1,950

 

 

 

65

 

 

 

2,861

 

 

 

29

 

 

 

364

 

 

 

39,362

 

 

 

44,631

 

 

 

$

38,121

 

 

$

25,776

 

 

$

18,684

 

 

$

12,556

 

 

$

12,491

 

 

$

39,362

 

 

$

146,990

 

 

 

 

Notes to Consolidated Financial Statements (Continued)

Note 22. Revenues from contracts with customers (Continued)

 

 

Manufacturing

 

 

McLane

 

 

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

 

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, 2022 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

 

$

4,019

 

 

$

22,226

 

 

$

26,245

 

Other sales and service contracts

 

 

1,642

 

 

 

2,789

 

 

 

4,431