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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net earnings $ 43,330 $ 71,956
Adjustments to reconcile net earnings to operating cash flows:    
Investment (gains) losses (25,733) (67,819)
Depreciation and amortization 6,366 6,147
Other (5,474) (3,126)
Changes in operating assets and liabilities:    
Unpaid losses and loss adjustment expenses 690 275
Deferred charges - retroactive reinsurance 431 416
Unearned premiums 1,735 2,492
Receivables and originated loans (1,145) (1,194)
Inventories 456 505
Other assets (836) (980)
Other liabilities (3,782) (2,721)
Income taxes 8,130 15,176
Net cash flows from operating activities 24,168 21,127 Close
Cash flows from investing activities:    
Purchases of equity securities (4,306) (7,442)
Sales of equity securities 97,123 25,833
Purchases of U.S. Treasury Bills and fixed maturity securities (229,505) (99,060)
Sales of U.S. Treasury Bills and fixed maturity securities 15,018 39,991
Redemptions and maturities of U.S. Treasury Bills and fixed maturity securities 120,480 59,815
Acquisitions of businesses, net of cash acquired (342) (8,516)
Purchases of property, plant and equipment and equipment held for lease (8,928) (8,398)
Other (191) 513
Net cash flows from investing activities (10,651) 2,736 Close
Cash flows from financing activities:    
Changes in short term borrowings, net (3,161) 582
Acquisitions of treasury stock (2,918) (5,850)
Other, principally transactions with noncontrolling interests (2,814) (803)
Net cash flows from financing activities (8,948) (9,633) Close
Effects of foreign currency exchange rate changes (141) 24 Close
Increase (decrease) in cash and cash equivalents and restricted cash 4,428 14,254 Close
Cash and cash equivalents and restricted cash at the beginning of the year 38,643 36,399
Cash and cash equivalents and restricted cash at the end of the second quarter 43,071 50,653
Restricted cash included in other assets at the beginning of the year 621 588
Restricted cash included in other assets at the end of the second quarter $ 747 $ 598
Restricted Cash and Cash Equivalents, Asset, Statement of Financial Position [Extensible List] Other Other
Insurance and Other [Member]    
Cash flows from financing activities:    
Proceeds from borrowings $ 1,692 $ 1,225
Repayments of borrowings (1,172) (5,388)
Cash and cash equivalents at beginning of the year 33,672 [1] 32,260
Cash and cash equivalents at the end of the second quarter 36,884 [1] 44,611
Railroad, Utilities and Energy [Member]    
Cash flows from financing activities:    
Proceeds from borrowings 6,617 2,788
Repayments of borrowings (7,192) (2,187)
Cash and cash equivalents at beginning of the year 4,350 [1] 3,551
Cash and cash equivalents at the end of the second quarter $ 5,440 [1] $ 5,444
[1] Includes U.S. Treasury Bills with maturities of three months or less when purchased of $4.1 billion at June 30, 2024 and $4.8 billion at December 31, 2023.