Q)

Does Berkshire Hathaway have more investments in equity securities than just those listed for the Insurance and Other segment? Where are they on the balance sheet? How do you know?

March 31, 2018 (Unaudited) December 31, 2017 $ $ 50,559 48,040 19,920 166,658 25,460 78,515 21,353 164,026 ASSETS Insurance and Other: Cash and cash equivalents Short-term investments in U.S. Treasury Bills Investments in fixed maturity securities Investments in equity securities Investment in The Kraft Heinz Company (Fair Value: 2018 - $20,272; 2017 - $25,306) Receivables Inventories Property, plant and equipment Goodwill Other intangible assets Deferred charges under retroactive reinsurance contracts Other 17,687 30,906 16.244 23,807 55,079 32,260 15,007 11,939 17,635 28,578 16,187 20,104 54,985 32,518 15,278 11,158 488,106 485,797 Railroad, Utilities and Energy: Cash and cash equivalents Property, plant and equipment Goodwill Regulatory assets Other 3,550 128,385 24,766 2,987 15,394 2,910 128,184 24,780 2,950 15,589 175,082 174.413 Finance and Financial Products: Cash and cash equivalents Short-term investments in U.S. Treasury Bills Loans and finance receivables Property, plant and equipment and assets held for lease Goodwill Other 3,772 2,641 13,845 9,920 1,492 7,793 3,213 5,856 13,748 9,931 1,493 7.644 39,463 702,651 - $ 41,885 702,095 $ LIABILITIES AND SHAREHOLDERS' EQUITY Insurance and Other: Unpaid losses and loss adjustment expenses Unpaid losses and loss adjustment expenses under retroactive reinsurance contracts Uneamed premiums Life, annuity and health insurance benefits Other policyholder liabilities Accounts payable, accruals and other liabilities Notes payable and other borrowings $ 62,094 42,344 18,448 17,935 7,864 25,782 25,663 $ 61,122 42.937 16,040 17,608 7,654 23,099 27,324 200.130 195,784 Railroad, Utilities and Energy: Accounts payable, accruals and other liabilities Regulatory liabilities Notes payable and other borrowings 10,786 7,599 62,667 11,334 7,511 62,178 81,052 81,023 Finance and Financial Products: Accounts payable, accruals and other liabilities Derivative contract liabilities Notes payable and other borrowings 1,566 2,378 10,755 1,470 2,172 13,085 16,727 14,699 55,718 Income taxes, principally deferred 56,607 Total liabilities 351,599 350,141 Shareholders' equity Common stock Capital in excess of par value Accumulated other comprehensive income Retained eamings Treasury stock, at cost 35,681 (2,477) 315,952 (1,763) 35,694 58,571 255,786 (1,763) Berkshire Hathaway shareholders' equity Non-controlling interests 347,401 3,651 348,296 3,658 Total shareholders' equity 351,052 $ 702,651 351,954 $ 702,095 March 31, 2018 (Unaudited) December 31, 2017 $ $ 50,559 48,040 19,920 166,658 25,460 78,515 21,353 164,026 ASSETS Insurance and Other: Cash and cash equivalents Short-term investments in U.S. Treasury Bills Investments in fixed maturity securities Investments in equity securities Investment in The Kraft Heinz Company (Fair Value: 2018 - $20,272; 2017 - $25,306) Receivables Inventories Property, plant and equipment Goodwill Other intangible assets Deferred charges under retroactive reinsurance contracts Other 17,687 30,906 16.244 23,807 55,079 32,260 15,007 11,939 17,635 28,578 16,187 20,104 54,985 32,518 15,278 11,158 488,106 485,797 Railroad, Utilities and Energy: Cash and cash equivalents Property, plant and equipment Goodwill Regulatory assets Other 3,550 128,385 24,766 2,987 15,394 2,910 128,184 24,780 2,950 15,589 175,082 174.413 Finance and Financial Products: Cash and cash equivalents Short-term investments in U.S. Treasury Bills Loans and finance receivables Property, plant and equipment and assets held for lease Goodwill Other 3,772 2,641 13,845 9,920 1,492 7,793 3,213 5,856 13,748 9,931 1,493 7.644 39,463 702,651 - $ 41,885 702,095 $ LIABILITIES AND SHAREHOLDERS' EQUITY Insurance and Other: Unpaid losses and loss adjustment expenses Unpaid losses and loss adjustment expenses under retroactive reinsurance contracts Uneamed premiums Life, annuity and health insurance benefits Other policyholder liabilities Accounts payable, accruals and other liabilities Notes payable and other borrowings $ 62,094 42,344 18,448 17,935 7,864 25,782 25,663 $ 61,122 42.937 16,040 17,608 7,654 23,099 27,324 200.130 195,784 Railroad, Utilities and Energy: Accounts payable, accruals and other liabilities Regulatory liabilities Notes payable and other borrowings 10,786 7,599 62,667 11,334 7,511 62,178 81,052 81,023 Finance and Financial Products: Accounts payable, accruals and other liabilities Derivative contract liabilities Notes payable and other borrowings 1,566 2,378 10,755 1,470 2,172 13,085 16,727 14,699 55,718 Income taxes, principally deferred 56,607 Total liabilities 351,599 350,141 Shareholders' equity Common stock Capital in excess of par value Accumulated other comprehensive income Retained eamings Treasury stock, at cost 35,681 (2,477) 315,952 (1,763) 35,694 58,571 255,786 (1,763) Berkshire Hathaway shareholders' equity Non-controlling interests 347,401 3,651 348,296 3,658 Total shareholders' equity 351,052 $ 702,651 351,954 $ 702,095