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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2020
Dec. 31, 2019
Investments:    
Fixed maturities, amortized cost of $38,963 and $38,157, less allowance for credit loss $40 and $0 $ 44,646 $ 42,240
Equity securities, cost of $1,456 and $1,244 1,561 1,306
Limited partnership investments 1,798 2,004
Other invested assets, primarily mortgage loans, less allowance for credit loss of $26 and $0 1,165 1,072
Short term investments 4,674 4,628
Total investments 53,844 51,250
Cash 478 336
Receivables 7,833 7,675
Property, plant and equipment 10,451 15,568
Goodwill 785 767
Deferred non-insurance warranty acquisition expenses 3,068 2,840
Deferred acquisition costs of insurance subsidiaries 708 662
Other assets 3,069 3,145
Total assets 80,236 82,243
Insurance reserves:    
Claim and claim adjustment expense 22,706 21,720
Future policy benefits 13,318 12,311
Unearned premiums 5,119 4,583
Total insurance reserves 41,143 38,614
Payable to brokers 92 108
Short term debt 37 77
Long term debt 10,072 11,456
Deferred income taxes 1,065 1,168
Deferred non-insurance warranty revenue 4,023 3,779
Other liabilities 4,623 5,111
Total liabilities 61,055 60,313
Commitments and contingent liabilities
Shareholders' equity:    
Preferred stock, $0.10 par value: Authorized - 100,000,000 shares
Common stock, $0.01 par value: Authorized - 1,800,000,000 shares Issued - 269,360,973 and 291,210,222 shares 3 3
Additional paid-in capital 3,133 3,374
Retained earnings 14,150 15,823
Accumulated other comprehensive income (loss) 581 (68)
Shareholders' equity before treasury stock, total 17,867 19,132
Less treasury stock, at cost (150,000 and 240,000 shares) (7) (13)
Total shareholders' equity 17,860 19,119
Noncontrolling interests 1,321 2,811
Total equity 19,181 21,930
Total liabilities and equity $ 80,236 $ 82,243