Company: BRK-A
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000950170-25-025210
Chunk: 80

Company: BERKSHIRE HATHAWAY INC
Filing Date: 2025-02-24
Form: 10-K
Item: Item 1B
Chunk 80
---
es)

    CarryingValue

    U.S. Treasury, U.S. government corporations and agencies
    $
    4,267

    $
    11

    $
    4,278

    Foreign governments
     
    9,430

    (81
    )

    9,349

    Corporate and other
     
    1,293

    217

    1,510

    $
    14,990

    $
    147

    $
    15,137

U.S. government obligations are rated AA+ or Aaa by the major rating agencies. Approximately 94% of our foreign government obligations were rated AA or higher by at least one of the major rating agencies. Foreign government securities include obligations issued or unconditionally guaranteed by national or provincial government entities. 

K-40

Management’s Discussion and Analysis

Burlington Northern Santa Fe 

Burlington Northern Santa Fe, LLC (“BNSF”) operates one of the largest railroad systems in North America, with over 32,500 route miles of track in 28 states. BNSF also operates in three Canadian provinces. BNSF classifies its major business groups by type of product shipped, including consumer products, industrial products, agricultural products and coal. A summary of BNSF’s earnings follows (dollars in millions). 

    Percentage Change

    2024
     
    2023
     
    2022
     
    2024 vs 2023
     
    2023 vs 2022

    Railroad operating revenues
     
    $
    23,355
     
    $
    23,474
     
    $
    25,203

    (0.5
    )%
     
    (6.9
    )%

    Railroad operating expenses

    15,886

    16,059

    16,600

    (1.1
    )
     
    (3.3
    )

    Railroad operating earnings

    7,469

    7,415

    8,603

    0.7

    (13.8
    )

    Other revenues (expenses), net

    257

    247

    130

    4.0

    90.0

    Interest expense

    (1,078
    )
     
    (1,048