Company: BRK-A
Filing Date: 2025-06-25
Form Type: 11-K
Source: 0001193125-25-146903
Chunk: 7

Company: BERKSHIRE HATHAWAY INC
Filing Date: 2025-06-25
Form: 11-K
Chunk 7
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 either voluntarily or involuntarily, and have taken a loan from their account balance, the employee must contact Schwab to ensure they pay back the loan in its entirety to avoid tax penalties.

| [7] | Vesting: |

Each participant is fully vested in their account at all times including matching and special discretionary contributions. N OTEB - S UMMARY OFA CCOUNTINGP OLICIES

| [1] | Basis of accounting: |

The financial statements and accompanying notes are prepared on the accrual method of accounting in accordance with accounting principles generally accepted in the United States of America.

| [2] | Use of estimates: |

The preparation of the financial statements in conformity with accounting principles generally accepted in the United States of America requires the Plan management to make estimates and assumptions that affect reported amounts of assets and liabilities and changes therein, and when applicable, disclosure of contingent assets and liabilities at the date of the financial statements. Accordingly, actual results may differ from these estimates.

| [3] | Benefits paid to participants: |

Distributions from the Plan are recorded in the period in which they are paid to participants in accordance with the terms of the Plan.

| [4] | Investment valuation and income recognition: |

The Plan’s investments are reported at fair value. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Plan’s Investment Committee determines the Plan’s valuation policies utilizing information provided by the investment advisors, custodians, and insurance company. See Note C for discussion of fair value measurements. Purchases and sales of securities are recorded on a trade-date basis. Interest income is recorded on the accrual basis. Dividends are recorded on the ex-dividenddate. Net realized/unrealized appreciation in fair value of investments includes the gains and losses on investments bought, sold and held during the year. Investment income and appreciation for each participant-directed investment fund is allocated to each participant in the same ratio that the participant’s account balance in that fund bears to the total account balances for all participants in that fund. 6

BENJAMIN MOORE & CO. DEFERRED SAVINGS AND INVESTMENT PLAN Notes to Financial Statements December 31, 2024 and 2023 NOTE B – S UMMARYO FA CCOUNTINGP OLICIES(C ONTINUED)

| [5] | Notes receivable from participants: |

Loans issued to participants in the