v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Assets:    
Investments in fixed maturity securities $ 17,034 $ 17,816
Investments in equity securities 323,779 297,778
Equity method investments 19,948 19,978
Loans and finance receivables 30,724 29,836
Inventories 26,575 24,424
Equipment held for lease 18,912 18,535
Goodwill [1] 83,173 83,074
Total assets 1,263,071 1,222,176
Liabilities:    
Life, annuity and health insurance benefits 17,738  
Payable for purchases of U.S. Treasury Bills 771 167
Income taxes, principally deferred 90,176 86,955
Total liabilities 512,894 502,473
Shareholders’ equity:    
Common stock at par value 8 8
Capital in excess of par value 35,615 35,612
Accumulated other comprehensive income (2,971) (2,448)
Retained earnings 798,959 763,186
Treasury stock, at cost (83,701) (78,939)
Berkshire shareholders' equity 747,910 717,419
Noncontrolling interests 2,267 2,284
Total shareholders’ equity 750,177 719,703
Total liabilities and shareholders' equity 1,263,071 1,222,176
Insurance and Other [Member]    
Assets:    
Cash and cash equivalents [2] 35,096 47,719
Short-term investments in U.S. Treasury Bills [3] 324,905 321,434
Investments in fixed maturity securities 17,034 17,816
Investments in equity securities 323,779 297,778
Equity method investments 19,948 19,978
Loans and finance receivables 30,724 29,836
Other receivables 48,635 44,331
Inventories 26,575 24,424
Property, plant and equipment 39,409 31,885
Equipment held for lease 18,912 18,535
Goodwill 56,192 55,945
Other intangible assets 33,949 33,802
Deferred charges - retroactive reinsurance 7,675 8,104
Other 27,813 24,413
Total assets 1,010,646 976,000
Liabilities:    
Unpaid losses and loss adjustment expenses 122,875 120,713
Unpaid losses and loss adjustment expenses - retroactive reinsurance 29,978 31,048
Unearned insurance premiums 32,754 31,339
Life, annuity and health insurance benefits 17,738 17,890
Other insurance policyholder liabilities 9,942 10,312
Accounts payable, accruals and other liabilities 41,422 38,019
Payable for purchases of U.S. Treasury Bills 771 167
Aircraft repurchase liabilities and unearned lease revenues 11,217 10,686
Notes payable and other borrowings 43,302 45,763
Liabilities, excluding income taxes, principally deferred, Total 309,999 305,937
Railroad, Utilities and Energy [Member]    
Assets:    
Cash and cash equivalents [2] 5,513 4,158
Receivables 4,562 4,387
Property, plant and equipment 185,815 184,740
Goodwill 26,981 27,129
Regulatory assets 4,385 4,821
Other 25,169 20,941
Total assets 252,425 246,176
Liabilities:    
Accounts payable, accruals and other liabilities 20,424 19,250
Regulatory liabilities 6,998 7,013
Notes payable and other borrowings 85,297 83,318
Liabilities, excluding income taxes, principally deferred, Total $ 112,719 $ 109,581
[1] Net of accumulated goodwill impairments of $13.0 billion as of June 30, 2026 and December 31, 2025 and $11.5 billion as of December 31, 2024.
[2] Includes U.S. Treasury Bills with maturities of three months or less when purchased of $3.2 billion at June 30, 2026 and $17.6 billion at December 31, 2025.
[3] Includes unsettled purchases of U.S. Treasury Bills of $771 million at June 30, 2026 and $167 million at December 31, 2025. Such amounts were also included in liabilities and were paid shortly after the respective balance sheet date.