Company: BRK-A
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000950170-25-025210
Chunk: 165

Company: BERKSHIRE HATHAWAY INC
Filing Date: 2025-02-24
Form: 10-K
Item: Item 1B
Chunk 165
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448 million of tax positions that, if recognized, would impact the effective tax rate. We do not expect material increases to the estimated amount of unrecognized tax benefits during 2025. The Organization for Economic Co-operation and Development has issued Pillar Two model rules introducing a new global minimum tax of 15% intended to be effective on January 1, 2024. While the U.S. has not yet adopted Pillar Two rules, various other governments around the world are enacting legislation to adopt the rules. As currently designed, Pillar Two would apply to our worldwide operations. We do not currently have material operations in jurisdictions with tax rates lower than the Pillar Two minimum tax rate, and we do not currently expect these rules will materially increase our global tax costs. There remains uncertainty as to the final Pillar Two model rules. 

K-101

Notes to Consolidated Financial Statements 

(21)Fair value measurements Our financial assets and liabilities are summarized below, with fair values shown according to the fair value hierarchy (in millions). The carrying values of cash and cash equivalents, U.S. Treasury Bills, other receivables and accounts payable, accruals and other liabilities are considered to be reasonable estimates of or otherwise approximate the fair values.  

        CarryingValue

        Fair Value

        QuotedPrices(Level 1)

        SignificantOtherObservableInputs(Level 2)

        SignificantUnobservableInputs(Level 3)

        December 31, 2024

        Investments in fixed maturity securities:

        U.S. Treasury, U.S. government corporations and   agencies
         
        $
        4,459

        $
        4,459

        $
        4,425

        $
        34

        $
        —

        Foreign governments

        9,362

        9,362

        9,199

        163

        —

        Corporate and other

        1,543

        1,543

        —

        1,041

        502

        Investments in equity securities

        271,588

        271,588

        261,910

        10

        9,668

        Investments in Kraft Heinz & Occidental common     stock

        30,682

        23,047

        23,047

        —

        —

        Loans and finance receivables

        27,798

        27,579

        —

        810