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Revenues from contracts with customers
9 Months Ended
Sep. 30, 2021
Revenue From Contract With Customer [Abstract]  
Revenues from contracts with customers

Note 22. Revenues from contracts with customers

We recognize revenue when a good or service is transferred to a customer. A good or service is transferred when or as the customer obtains control of that good or service. Revenues are based on the consideration we expect to receive in connection with our promises to deliver goods and services to our customers.

The following tables summarize customer contract revenues disaggregated by reportable segment and the source of the revenue for the third quarter and first nine months of 2021 and 2020 (in millions). Other revenues included in consolidated revenues were primarily insurance premiums earned, interest, dividend and other investment income and leasing revenues, which are not considered to be revenues from contracts with customers under GAAP.

 

 

 

Manufacturing

 

 

McLane

Company

 

 

Service

and

Retailing

 

 

BNSF

 

 

Berkshire

Hathaway

Energy

 

 

Insurance,

Corporate

and Other

 

 

Total

 

Three months ending September 30, 2021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Manufactured products:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Industrial and commercial products

 

$

5,600

 

 

$

 

 

$

43

 

 

$

 

 

$

 

 

$

 

 

$

5,643

 

Building products

 

 

5,005

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

5,005

 

Consumer products

 

 

4,758

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4,758

 

Grocery and convenience store distribution

 

 

 

 

 

7,933

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

7,933

 

Food and beverage distribution

 

 

 

 

 

4,478

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4,478

 

Auto sales

 

 

 

 

 

 

 

 

2,423

 

 

 

 

 

 

 

 

 

 

 

 

2,423

 

Other retail and wholesale distribution

 

 

742

 

 

 

 

 

 

3,913

 

 

 

 

 

 

 

 

 

 

 

 

4,655

 

Service

 

 

400

 

 

 

175

 

 

 

1,073

 

 

 

5,747

 

 

 

1,586

 

 

 

 

 

 

8,981

 

Electricity and natural gas

 

 

 

 

 

 

 

 

 

 

 

 

 

 

5,138

 

 

 

 

 

 

5,138

 

Total

 

 

16,505

 

 

 

12,586

 

 

 

7,452

 

 

 

5,747

 

 

 

6,724

 

 

 

 

 

 

49,014

 

Other revenues

 

 

951

 

 

 

26

 

 

 

1,202

 

 

 

14

 

 

 

289

 

 

 

19,087

 

 

 

21,569

 

 

 

$

17,456

 

 

$

12,612

 

 

$

8,654

 

 

$

5,761

 

 

$

7,013

 

 

$

19,087

 

 

$

70,583

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine months ending September 30, 2021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Manufactured products:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Industrial and commercial products

 

$

16,549

 

 

$

 

 

$

142

 

 

$

 

 

$

 

 

$

 

 

$

16,691

 

Building products

 

 

14,518

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

14,518

 

Consumer products

 

 

13,525

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

13,525

 

Grocery and convenience store distribution

 

 

 

 

 

23,104

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

23,104

 

Food and beverage distribution

 

 

 

 

 

12,838

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

12,838

 

Auto sales

 

 

 

 

 

 

 

 

7,485

 

 

 

 

 

 

 

 

 

 

 

 

7,485

 

Other retail and wholesale distribution

 

 

2,199

 

 

 

 

 

 

11,577

 

 

 

 

 

 

 

 

 

 

 

 

13,776

 

Service

 

 

1,099

 

 

 

509

 

 

 

3,060

 

 

 

16,875

 

 

 

4,219

 

 

 

 

 

 

25,762

 

Electricity and natural gas

 

 

 

 

 

 

 

 

 

 

 

 

 

 

14,048

 

 

 

 

 

 

14,048

 

Total

 

 

47,890

 

 

 

36,451

 

 

 

22,264

 

 

 

16,875

 

 

 

18,267

 

 

 

 

 

 

141,747

 

Other revenues

 

 

2,821

 

 

 

78

 

 

 

3,287

 

 

 

42

 

 

 

755

 

 

 

55,566

 

 

 

62,549

 

 

 

$

50,711

 

 

$

36,529

 

 

$

25,551

 

 

$

16,917

 

 

$

19,022

 

 

$

55,566

 

 

$

204,296

 

 

 

Notes to Consolidated Financial Statements (Continued)

Note 22. Revenues from contracts with customers (Continued)

 

 

 

Manufacturing

 

 

McLane

Company

 

 

Service

and

Retailing

 

 

BNSF

 

 

Berkshire

Hathaway

Energy

 

 

Insurance,

Corporate

and Other

 

 

Total

 

Three months ending September 30, 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Manufactured products:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Industrial and commercial products

 

$

4,889

 

 

$

 

 

$

54

 

 

$

 

 

$

 

 

$

 

 

$

4,943

 

Building products

 

 

4,322

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4,322

 

Consumer products

 

 

4,036

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4,036

 

Grocery and convenience store distribution

 

 

 

 

 

7,905

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

7,905

 

Food and beverage distribution

 

 

 

 

 

3,968

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3,968

 

Auto sales

 

 

 

 

 

 

 

 

2,195

 

 

 

 

 

 

 

 

 

 

 

 

2,195

 

Other retail and wholesale distribution

 

 

599

 

 

 

 

 

 

3,182

 

 

 

 

 

 

 

 

 

 

 

 

3,781

 

Service

 

 

370

 

 

 

144

 

 

 

865

 

 

 

5,135

 

 

 

1,474

 

 

 

 

 

 

7,988

 

Electricity and natural gas

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4,356

 

 

 

 

 

 

4,356

 

Total

 

 

14,216

 

 

 

12,017

 

 

 

6,296

 

 

 

5,135

 

 

 

5,830

 

 

 

 

 

 

43,494

 

Other revenues

 

 

929

 

 

 

23

 

 

 

966

 

 

 

14

 

 

 

396

 

 

 

17,202

 

 

 

19,530

 

 

 

$

15,145

 

 

$

12,040

 

 

$

7,262

 

 

$

5,149

 

 

$

6,226

 

 

$

17,202

 

 

$

63,024

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine months ending September 30, 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Manufactured products:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Industrial and commercial products

 

$

15,639

 

 

$

 

 

$

143

 

 

$

 

 

$

 

 

$

 

 

$

15,782

 

Building products

 

 

11,682

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

11,682

 

Consumer products

 

 

10,373

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

10,373

 

Grocery and convenience store distribution

 

 

 

 

 

23,051

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

23,051

 

Food and beverage distribution

 

 

 

 

 

11,561

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

11,561

 

Auto sales

 

 

 

 

 

 

 

 

5,999

 

 

 

 

 

 

 

 

 

 

 

 

5,999

 

Other retail and wholesale distribution

 

 

1,691

 

 

 

 

 

 

8,735

 

 

 

 

 

 

 

 

 

 

 

 

10,426

 

Service

 

 

1,105

 

 

 

398

 

 

 

2,460

 

 

 

15,059

 

 

 

3,238

 

 

 

 

 

 

22,260

 

Electricity and natural gas

 

 

 

 

 

 

 

 

 

 

 

 

 

 

11,190

 

 

 

 

 

 

11,190

 

Total

 

 

40,490

 

 

 

35,010

 

 

 

17,337

 

 

 

15,059

 

 

 

14,428

 

 

 

 

 

 

122,324

 

Other revenues

 

 

2,686

 

 

 

69

 

 

 

2,884

 

 

 

42

 

 

 

964

 

 

 

52,160

 

 

 

58,805

 

 

 

$

43,176

 

 

$

35,079

 

 

$

20,221

 

 

$

15,101

 

 

$

15,392

 

 

$

52,160

 

 

$

181,129

 

 

A summary of the transaction price allocated to the significant unsatisfied remaining performance obligations relating to contracts with expected durations in excess of one year as of September 30, 2021 and the timing of when the performance obligations are expected to be satisfied follows (in millions).

 

 

 

Less than

12 months

 

 

Greater than

12 months

 

 

Total

 

Electricity and natural gas

 

$

2,761

 

 

$

21,377

 

 

$

24,138

 

Other sales and service contracts

 

 

1,402

 

 

 

2,203

 

 

 

3,605