Company: BRK-A
Filing Date: 2025-06-20
Form Type: 11-K
Source: 0001193125-25-143752
Chunk: 5

Company: BERKSHIRE HATHAWAY INC
Filing Date: 2025-06-20
Form: 11-K
Chunk 5
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 Plan to transfer a liability (an exit price) in an orderly transaction between market participants on the measurement date in the Plan’s principal or most advantageous market for the asset or liability. 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 appreciation includes the Plan’s gains and losses on investments bought and sold as well as held during the year. Fair value measurements are determined by maximizing the use of observable inputs and minimizing the use of unobservable inputs. The hierarchy places the highest priority on unadjusted quoted market prices in active markets for identical assets or liabilities (Level 1 measurements) and gives the lowest priority to unobservable inputs (Level 3 measurements). The three levels of inputs within the fair value hierarchy are defined as follows: Level 1:Quoted prices (unadjusted) for identical assets or liabilities in active markets that the Plan has the ability to access as of the measurement date. Level 2:Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 3:Significant unobservable inputs that reflect the Plan’s own assumptions about the assumptions that market participants would use in pricing an asset or liability. In some cases, a valuation technique used to measure fair value may include inputs from multiple levels of the fair value hierarchy. The lowest level of significant input determines the placement of the entire fair value measurement in the hierarchy.

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CLAYTON HOMES, INC. 401(K) RETIREMENT PLAN NOTES TO FINANCIAL STATEMENTS December 31, 2024 and 2023 NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES(Continued) The following presents the valuation methods and assumptions used by the Plan to estimate the fair values of investments. Mutual funds, money market funds, and common stock:The fair values of mutual fund, money market fund, and common stock investments are determined by obtaining quoted prices on nationally recognized securities exchanges (Level 1 inputs). Stable value collective trust fund:The fair values of participation units in the stable value collective trust are based upon the net asset values per unit as reported by the fund manager. The fund invests 100% in Galliard Stable Return Fund E. The Fund seeks safety of principal and consistency of returns while attempting to maintain minimal volatility