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