Fundamentals - Annual Balance Sheet

Assets:
December 31	2018	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 $1,177	1,293	1,224
Limited partnership investments	2,424	3,278
Other invested assets, primarily mortgage loans	901	945
Short term investments	3,869	4,646
Total investments	48,186	52,226
Cash	405	472
Receivables	7,960	7,613
Property, plant and equipment	15,511	15,427
Goodwill	665	659
Deferred non-insurance warranty acquisition expenses	2,513	212
Deferred acquisition costs of insurance subsidiaries	633	634
Other assets	2,443	2,343
Total assets	$78,316	$79,586

Liabilities and Equity:
December 31	2018	2017
(Dollar amounts in millions, except per share data)
Insurance reserves:
Claim and claim adjustment expense	$21,984	$22,004
Future policy benefits	10,597	11,179
Unearned premiums	4,183	4,029
Total insurance reserves	36,764	37,212

Payable to brokers	42	60
Short term debt	17	280
Long term debt	11,359	11,253
Deferred income taxes	841	749
Deferred non-insurance warranty revenue	3,402	972
Other liabilities	4,505	4,494
Total liabilities	56,930	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 shares	3	3
Additional paid-in capital	3,627	3,151
Retained earnings	15,773	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' equity	18,518	19,204
Noncontrolling interests	2,868	5,362
Total equity	21,386	24,566
Total liabilities and equity	$78,316	$79,586

For complete copies of our financial results, please refer to our SEC Filings