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Fundamentals - Annual Balance Sheet

Assets:  
December 312018 2017
(Dollar amounts in millions, except per share data)  
Investments:  
   Fixed maturities, amortized cost of $38,234 and $38,861$39,699 $42,133
   Equity securities, cost of $1,479 and $1,1771,293 1,224
   Limited partnership investments2,424 3,278
   Other invested assets, primarily mortgage loans901 945
   Short term investments3,869 4,646
      Total investments48,186 52,226
Cash405 472
Receivables7,960 7,613
Property, plant and equipment15,511 15,427
Goodwill665 659
Deferred non-insurance warranty acquisition expenses2,513 212
Deferred acquisition costs of insurance subsidiaries633 634
Other assets2,443 2,343
Total assets$78,316 $79,586
    
Liabilities and Equity:  
December 312018 2017
(Dollar amounts in millions, except per share data)  
Insurance reserves:  
   Claim and claim adjustment expense$21,984 $22,004
   Future policy benefits10,597 11,179
   Unearned premiums4,183 4,029
      Total insurance reserves36,764 37,212
   
Payable to brokers42 60
Short term debt17 280
Long term debt11,359 11,253
Deferred income taxes841 749
Deferred non-insurance warranty revenue3,402972
Other liabilities4,505 4,494
   Total liabilities56,930 55,020
   
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 - 312,169,189 and 332,487,815 shares33
   Additional paid-in capital3,627 3,151
   Retained earnings15,773 16,096
   Accumulated other comprehensive loss(880) (26)
 18,523 19,224
   Less treasury stock, at cost (100,000 and 400,000 shares)(5) (20)
   Total shareholders' equity18,51819,204
   Noncontrolling interests2,868 5,362
   Total equity21,386 24,566
Total liabilities and equity$78,316 $79,586
    
For complete copies of our financial results, please refer to our SEC Filings