Company: BRK-A
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000950170-25-025210
Chunk: 148

Company: BERKSHIRE HATHAWAY INC
Filing Date: 2025-02-24
Form: 10-K
Item: Item 1B
Chunk 148
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 repurchased 5.85% of its outstanding common stock held by certain noncontrolling BHE shareholders for $2.9 billion. We recorded the difference between the value of the consideration paid for the noncontrolling interests acquired and the carrying value in capital in excess of par value. Additionally, in September and October 2024, Berkshire acquired the remaining 2.12% of BHE’s outstanding common stock held by noncontrolling shareholders in exchange for 2,291,631 shares of Berkshire Class B common stock valued at $1.045 billion. After these transactions, BHE became a wholly-owned subsidiary of Berkshire. 

K-80

Notes to Consolidated Financial Statements (2)Significant business acquisitions and other transactionsOn September 1, 2023, a BHE subsidiary acquired an additional 50% limited partner interest in Cove Point LNG, LP (“Cove Point”) for $3.3 billion, which increased our economic interest from 25% to 75%. Prior to the transaction, we also held 100% of the general partner interest and we consolidated Cove Point for financial reporting purposes. Accordingly, the interest acquired was an acquisition of a noncontrolling interest. We recorded a charge of $667 million in 2023 to our capital in excess of par for the excess of the consideration paid over the carrying value of the noncontrolling interest acquired and deferred income tax assets arising from the transaction. 

(3)Investments in fixed maturity securitiesInvestments in fixed maturity securities are summarized by type below (in millions).  

        AmortizedCost

        UnrealizedGains

        UnrealizedLosses

        FairValue

        December 31, 2024

        U.S. Treasury, U.S. government corporations and agencies
        $
        4,447

        $
        16

        $
        (4
        )
         
        $
        4,459

        Foreign governments
         
        9,443

        16

        (97
        )

        9,362

        Corporate and other
         
        1,324

        225

        (6
        )

        1,543

        $
        15,214

        $
        257

        $
        (107
        )
         
        $
        15,364

        December 31, 2023

        U.S. Treasury, U.S. government corporations and agencies
        $
        10,