XML 12 R2.htm IDEA: XBRL DOCUMENT v3.23.3Close
CONSOLIDATED CONDENSED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
Investments:    
Fixed maturities, amortized cost of $42,753 and $41,102, less allowance for credit loss of $18 and $1 $ 38,243 $ 37,697
Equity securities, cost of $1,081 and $1,161 1,055 1,139
Limited partnership investments 2,074 1,954
Other invested assets, primarily mortgage loans, less allowance for credit loss of $35 and $24 1,072 1,124
Short term investments 3,969 4,854
Total investments 46,413 46,768
Cash 762 532
Receivables 9,437 9,403
Property, plant and equipment 10,674 10,027
Goodwill 346 346
Deferred non-insurance warranty acquisition expenses 3,688 3,671
Deferred acquisition costs of insurance subsidiaries 880 806
Other assets 4,269 4,014
Total assets 76,469 75,567 Close
Insurance reserves:    
Claim and claim adjustment expense 22,836 22,120
Future policy benefits 12,654 13,480
Unearned premiums 6,789 6,374
Total insurance reserves 42,279 41,974
Payable to brokers 444 133
Short term debt 1,261 854
Long term debt 7,925 8,165
Deferred income taxes 258 243
Deferred non-insurance warranty revenue 4,736 4,714
Other liabilities 4,408 4,283
Total liabilities 61,311 60,366 Close
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 – 236,321,095 and 236,159,866 shares 2 2
Additional paid-in capital 2,764 2,748
Retained earnings 15,877 14,931
Accumulated other comprehensive loss (3,473) (3,320)
Shareholders' equity before treasury stock, total 15,170 14,361
Less treasury stock, at cost (12,066,137 and 198,875 shares) (722) (12)
Total shareholders’ equity 14,448 14,349
Noncontrolling interests 710 852
Total equity 15,158 15,201 Close
Total liabilities and equity $ 76,469 $ 75,567