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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:      
Net earnings (loss) $ 89,561 $ 97,147 $ (21,998)
Adjustments to reconcile net earnings (loss) to operating cash flows:      
Investment (gains) losses (52,799) (74,855) 67,899
Depreciation and amortization 12,855 12,486 10,899
Discount accretion on investments, principally U.S. Treasury Bills (11,349) (5,510) (1,132)
Other (892) (513) (3,074)
Changes in operating assets and liabilities:      
Unpaid losses and loss adjustment expenses 2,173 2,628 4,057
Deferred charges - retroactive reinsurance 698 375 769
Unearned premiums 376 1,854 1,861
Receivables and originated loans 626 (1,949) (5,621)
Inventories 591 1,426 (4,779)
Other assets (797) (1,328) (378)
Other liabilities (2,288) 2,570 1,719
Income taxes (8,163) 14,865 (12,872)
Net cash flows from operating activities 30,592 49,196 37,350
Cash flows from investing activities:      
Purchases of equity securities (9,237) (16,462) (67,930)
Sales of equity securities 143,359 40,631 33,664
Purchases of U.S. Treasury Bills and fixed maturity securities (526,842) (235,007) (183,922)
Sales of U.S. Treasury Bills and fixed maturity securities 48,462 52,302 90,088
Redemptions and maturities of U.S. Treasury Bills and fixed maturity securities 353,538 153,201 66,318
Acquisitions of businesses, net of cash acquired (396) (8,604) (10,594)
Purchases of property, plant and equipment and equipment held for lease (18,976) (19,409) (15,464)
Other (195) 685 239
Net cash flows from investing activities (10,287) (32,663) (87,601)
Cash flows from financing activities:      
Changes in short term borrowings, net (3,059) 2,407 (596)
Acquisitions of treasury stock (2,918) (9,171) (7,854)
Other, principally transactions with noncontrolling interests (5,622) (4,147) (1,979)
Net cash flows from financing activities (10,360) (14,405) (1,662)
Effects of foreign currency exchange rate changes (212) 116 (394)
Increase (decrease) in cash and cash equivalents and restricted cash 9,733 2,244 (52,307)
Cash and cash equivalents and restricted cash at the beginning of the year 38,643 36,399 88,706
Cash and cash equivalents and restricted cash at the end of the year 48,376 38,643 36,399
Restricted cash, included in other assets at end of year $ 647 $ 621 $ 588
Restricted Cash and Cash Equivalents, Statement of Financial Position [Extensible Enumeration] Other Other Other
Insurance and Other [Member]      
Cash flows from financing activities:      
Proceeds from borrowings $ 5,528 $ 2,133 $ 7,822
Repayments of borrowings (7,796) (6,027) (1,502)
Cash and cash equivalents at the end of the year 44,333 [1] 34,268 [1] 32,260
Railroad, Utilities and Energy [Member]      
Cash flows from financing activities:      
Proceeds from borrowings 7,658 5,684 4,873
Repayments of borrowings (4,151) (5,284) (2,426)
Cash and cash equivalents at the end of the year $ 3,396 [1] $ 3,754 [1] $ 3,551
[1] Includes U.S. Treasury Bills with maturities of three months or less when purchased of $14.4 billion at December 31, 2024 and $4.8 billion at December 31, 2023.