0000000000-19-008277.txt : 20190723 0000000000-19-008277.hdr.sgml : 20190723 20190509123854 ACCESSION NUMBER: 0000000000-19-008277 CONFORMED SUBMISSION TYPE: UPLOAD PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20190509 FILED FOR: COMPANY DATA: COMPANY CONFORMED NAME: BERKSHIRE HATHAWAY INC CENTRAL INDEX KEY: 0001067983 STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331] IRS NUMBER: 470813844 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: UPLOAD BUSINESS ADDRESS: STREET 1: 3555 FARNAM STREET CITY: OMAHA STATE: NE ZIP: 68131 BUSINESS PHONE: 4023461400 MAIL ADDRESS: STREET 1: 3555 FARNAM STREET CITY: OMAHA STATE: NE ZIP: 68131 FORMER COMPANY: FORMER CONFORMED NAME: NBH INC DATE OF NAME CHANGE: 19980810 PUBLIC REFERENCE ACCESSION NUMBER: 0001193125-19-048926 LETTER 1 filename1.pdf begin 644 filename1 M)5!$1BTQ+C4-)>+CS],-"CD@,"!O8FH-/#PO3&EN96%R:7IE9" Q+TP@,S0R M,#(O3R Q,2]%(#(X,CDY+TX@,B]4(#,S.3 U+T@@6R T-34@,30Y73X^#65N M9&]B:@T@(" @(" @(" @(" @(" @(" @#0HQ-B P(&]B:@T\/"]$96-O9&50 M87)M7!E+UA2968O5ULQ(#(@,5T^/G-T('$UVD,3(P,,T!*&!B9_C/N_@\08 "0A ?@ M#0IE;F1S=')E86T-96YD;V)J#7-T87)T>')E9@T*, T*)25%3T8-"B @(" @ M(" @#0HQ.2 P(&]B:@T\/"]&:6QT97(O1FQA=&5$96-O9&4O22 X,R],96YG M=&@@-S O4R T.#X^,C17,% PM% P-U&P ML=%W2BQ.=%#(, @P 8!0VPPT*96YD)S%5\MRVS84W>LK[E*9L1F";W77U'&:9I+8M=M,9[*! 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M("A!1U!,+79E&UP34TZ M26YS=&%N8V5)1#YU=6ED.C&UP34TZ26YS=&%N8V5)1#X*(" @(" @/"]R9&8Z1&5S8W)I M<'1I;VX^"B @(#PO2+",:8Q>J4W/6(N(:'\^ M.%U Z/==V9ICH]FN;D]TM=Q8T]94S3G9&F))3R /,<"0<^2^L-'O('8^U8^: M-.4_$)X0X1?,=%.V>]*L4G0W3P@F4@.2]4>7!E+UA2968O5ULQ(#(@,%T^/G-T M TEXT-EXTRACT 2 filename2.txt May 9, 2019 Marc D. Hamburg SVP and Principal Financial Officer Berkshire Hathaway Inc. 3555 Farnam Street Omaha, Nebraska 68131 Re: Berkshire Hathaway Inc. Form 10-K for the Fiscal Year Ended December 31, 2018 Filed February 25, 2019 Form 10-Q for the Quarterly Period Ended March 31, 2019 Filed May 6, 2019 File No. 001-14905 Dear Mr. Hamburg: We have limited our review of your filing to the financial statements and related disclosures and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. Please respond to these comments within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe our comments apply to your facts and circumstances, please tell us why in your response. After reviewing your response to these comments, we may have additional comments. Form 10-K for the Fiscal Year Ended December 31, 2018 Notes to Consolidated Financial Statements (15) Unpaid losses and loss adjustment expenses, page K-86 1. With respect to your Geico claims development table presented on page K-88, please tell us why you do not provide disaggregated claims development tables for auto liability and physical damage. In this regard, we note your disclosure on page K-87 that your estimates for liability coverage are more uncertain primarily due to the longer claim-tails, the greater chance of protracted litigation and the incompleteness of facts at the time the case estimate is first established. Please also provide us the information that would be provided in the separate tables for auto liability and physical damage, if available. Marc D. Hamburg FirstNameHathaway Inc. D. Hamburg Berkshire LastNameMarc Comapany NameBerkshire Hathaway Inc. May 9, 2019 Page 2 May 9, 2019 Page 2 FirstName LastName Form 10-Q for the Quarterly Period Ended March 31, 2019 Notes to Consolidated Financial Statements Note 5. Equity method investments, page 9 2. We note that the carrying value of your equity method investment in Kraft Heinz exceeds its fair value by approximately $3.1 billion as of March 31, 2019. Please tell us how you considered the guidance in ASC 323-10-35-32 in determining that this loss in value of your investment was not other than temporary. In this regard, we acknowledge that the carrying value of your investment as of March 31, 2019 does not include your share of Kraft Heinz's first quarter 2019 earnings/(losses) as they have not yet been reported. However, we also note that Kraft Heinz has yet to file their 2018 Annual Report and recently announced a restatement related to the 2016 and 2017 annual periods and 2018 quarterly periods. Please include an assessment of these factors as potential indicators of other-than-temporary impairment in your response. In closing, we remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. You may contact Tabatha McCullom at (202) 551-3658 or Angela Connell at (202) 551- 3426 with any questions. Sincerely, Division of Corporation Finance Office of Healthcare & Insurance