BRK-B · 10-Q · 2026Q2 · Full report

Macroeconomic Factors Impact

BERKSHIRE HATHAWAY INC · 2026-08-10 · Importance 29 · Surprise 24

Berkshire stated that ongoing wars, developing international trade policies and tariffs, and other macroeconomic and geopolitical events could significantly affect its operating businesses and equity investments. Management cannot reliably predict the ultimate effects on product availability, supply chain costs and efficiency, or customer demand. The company expects these conditions could have adverse consequences for earnings, although the ultimate outcome remains uncertain.

Key facts

• BHE recognized significant production tax credits included in income tax benefit, contributing to an income tax benefit of $(333) million in the second quarter and $(763) million in the first six months of 2026 (includes significant production tax credits primarily from wind-powered electricity generation). source
• In the annual goodwill impairment review in the fourth quarter of 2025, estimated fair values of four reporting units did not exceed carrying values by at least 20%; estimated aggregate fair value was approximately $27.7 billion which exceeded aggregate carrying value of approximately $26.2 billion, and goodwill of these reporting units totaled approximately $9.2 billion. source
• As of June 30, 2026, Berkshire’s Consolidated Balance Sheet included goodwill of acquired businesses of $83.1 billion and indefinite-lived intangible assets of $19.0 billion. source