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Other receivables
12 Months Ended
Dec. 31, 2023
Receivables [Abstract]  
Other receivables
(8)
Other receivables

Other receivables are comprised of the following (in millions).

 

December 31,

 

 

2023

 

 

2022

 

Insurance and other:

 

 

 

 

 

Insurance premiums receivable

$

19,052

 

 

$

18,395

 

Reinsurance recoverables

 

7,060

 

 

 

7,106

 

Trade receivables

 

14,449

 

 

 

14,510

 

Other

 

4,269

 

 

 

4,154

 

Allowances for credit losses

 

(656

)

 

 

(675

)

$

44,174

 

 

$

43,490

 

Railroad, utilities and energy:

 

 

 

 

 

Trade receivables

$

6,034

 

 

$

4,182

 

Other

 

1,228

 

 

 

754

 

Allowances for credit losses

 

(176

)

 

 

(141

)

$

7,086

 

 

$

4,795

 

 

Receivables of the railroad, utilities and energy businesses at December 31, 2023 included approximately $2.1 billion related to PTC. Aggregate provisions for credit losses with respect to receivables in the preceding table were $513 million in 2023, $409 million in 2022 and $441 million in 2021. Charge-offs, net of recoveries, were $474 million in 2023, $432 million in 2022 and $420 million in 2021.