v3.25.4
Investments in equity securities (Tables)
12 Months Ended
Dec. 31, 2025
Investments, Debt and Equity Securities [Abstract]  
Schedule of investments in equity securities

Investments in equity securities are summarized as follows (in millions).

 

 

 

Cost
Basis

 

 

Net
Unrealized
Gains

 

 

Fair
Value

 

December 31, 2025

 

 

 

 

 

 

 

 

 

Banks, insurance and finance

 

$

15,454

 

 

$

88,675

 

 

$

104,129

 

Consumer products

 

 

11,899

 

 

 

83,055

 

 

 

94,954

 

Commercial, industrial and other

 

 

58,036

 

 

 

40,659

 

 

 

98,695

 

 

$

85,389

 

 

$

212,389

 

 

$

297,778

 

December 31, 2024

 

 

 

 

 

 

 

 

 

Banks, insurance and finance

 

$

15,707

 

 

$

75,936

 

 

$

91,643

 

Consumer products

 

 

12,658

 

 

 

92,091

 

 

 

104,749

 

Commercial, industrial and other

 

 

47,141

 

 

 

28,055

 

 

 

75,196

 

 

$

75,506

 

 

$

196,082

 

 

$

271,588