Company: BRK-A
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000950170-25-025210
Chunk: 256

Company: BERKSHIRE HATHAWAY INC
Filing Date: 2025-02-24
Form: 10-K
Item: Item 7
Chunk 256
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467

    35,122

    33,082

    Railroad, utilities and energy

    72,506

    80,339

    65,916

    60,332

    55,565

    December 31, 2023

    Assets:

    Investments in fixed maturity securities
     
    $
    23,758

    $
    23,937

    $
    23,585

    $
    23,419

    $
    23,258

    Investments in equity securities*

    8,688

    9,069

    8,329

    7,990

    7,670

    Loans and finance receivables

    24,190

    25,187

    23,266

    22,409

    21,612

    Liabilities:

    Notes payable and other borrowings:

    Insurance and other

    44,981

    48,547

    41,958

    39,378

    37,158

    Railroad, utilities and energy

    75,239

    83,118

    68,582

    62,995

    58,246

* Includes Cumulative Perpetual Preferred Stocks

Foreign Currency Risk 

Certain of our subsidiaries operate in foreign jurisdictions and we transact business in foreign currencies. In addition, we hold investments in common stocks of major multinational companies, who have significant foreign business and foreign currency risk of their own. In most instances, we do not attempt to match assets and liabilities by currency or use derivative contracts to manage foreign currency risks in a meaningful way. 

K-62

Management’s Discussion and Analysis 

Foreign Currency Risk 

Our net assets subject to financial statement translation into U.S. Dollars are primarily in our insurance, utilities and energy and certain manufacturing subsidiaries. A portion of our financial statement translation-related impact from changes in foreign currency rates is recorded in other comprehensive income. In addition, we include gains or losses from changes in foreign currency exchange rates in net earnings related to non-U.S. Dollar denominated assets and liabilities of Berkshire and its U.S.-based subsidiaries. A summary of these gains (losses), after-tax, for each of the years ending December 31, 2024 and 2023 follows (in millions). 

    2024

    2023

    Non-U.S. Dollar