content-gt/23-BERKSHIRE.pdf__uns-plaintext-v1.0.0__0x0001__0.txt

--------------------------------------------------- Unstructured Plain Text Format 1


Notes to Consolidated Financial Statements (Continued)


Note 18. Fair value measurements
Our financial assets and liabilities are summarized below as of June 30, 2023 and December 31, 2022, 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.


--------------------------------------------------- Unstructured Table Begin
Carrying Value Fair Value Quoted Prices (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3)
June 30, 2023
Investments in fixed maturity securities:
U.S. Treasury, U.S. government corporations and agencies $ 9,052 $ 9,052 $ 9,017 $ 35 $ —
Foreign governments 11,481 11,481 11,170 311 —
Corporate bonds 1,554 1,554 — 908 646
Other 266 266 — 266 —
Investments in equity securities 353,409 353,409 342,596 11 10,802
Investments in Kraft Heinz & Occidental common stock 27,060 24,732 24,732 — —
Loans and finance receivables 23,530 24,020 — 1,097 22,923
Derivative contract assets ⁽¹⁾ 355 355 74 256 25
Derivative contract liabilities ⁽¹⁾ 309 309 48 73 188
Notes payable and other borrowings:
Insurance and other 41,389 36,100 — 36,071 29
Railroad, utilities and energy 83,958 77,040 — 77,040 —
December 31, 2022
Investments in fixed maturity securities:
U.S. Treasury, U.S. government corporations and agencies $ 9,802 $ 9,802 $ 9,733 $ 69 $ —
Foreign governments 10,327 10,327 9,854 473 —
Corporate bonds 2,195 2,195 — 1,546 649
Other 2,804 2,804 — 2,804 —
Investments in equity securities 308,793 308,793 296,610 9 12,174
Investments in Kraft Heinz & Occidental common stock 24,421 25,491 25,491 — —
Loans and finance receivables 23,208 23,428 — 1,513 21,915
Derivative contract assets ⁽¹⁾ 589 589 56 474 59
Derivative contract liabilities ⁽¹⁾ 242 242 8 122 112
Notes payable and other borrowings:
Insurance and other 46,538 41,961 — 41,061 900
Railroad, utilities and energy 76,206 67,651 — 67,651 —
--------------------------------------------------- Unstructured Table End


--------------------------------------------------- Unstructured Caption Begin
⁽¹⁾ Assets are included in other assets and liabilities are included in accounts payable, accruals and other liabilities.
--------------------------------------------------- Unstructured Caption End


--------------------------------------------------- Unstructured Page Number Block Begin
23
--------------------------------------------------- Unstructured Page Number Block End