BRK-B · 10-Q · 2026Q3 · Full report

Outstanding Indebtedness

BERKSHIRE HATHAWAY INC · 2026-11-09 · Importance 37 · Surprise 32

Excluding BHE and BNSF, Berkshire’s borrowings were $45.8 billion at September 30, 2026; Berkshire debt was approximately $20.4 billion, down $2.2 billion since year-end 2025. Berkshire repaid $3.7 billion of maturing debt and issued ¥272.3 billion ($1.7 billion) of senior notes in April, with maturities from 2029 to 2056 and a 2.4% weighted-average rate. BHFC borrowings were approximately $18.2 billion; BNSF debt was $23.5 billion and BHE borrowings were $61.5 billion, with BHE issuing $4.8 billion of term debt at a 5.8% weighted-average rate during the first nine months.

Key facts

• BHE borrowings totaled $61.5 billion at September 30, 2026, up $2.2 billion from December 31, 2025. source
• Excluding BHE and BNSF, Berkshire borrowings were $45.8 billion at September 30, 2026. source
• Berkshire outstanding debt was approximately $20.4 billion at September 30, 2026, down $2.2 billion since December 31, 2025, primarily due to $3.7 billion of maturities repaid, partly offset by debt issued in April. source
• Berkshire issued ¥272.3 billion ($1.7 billion) of senior notes in April 2026, maturing from 2029 to 2056, at a 2.4% weighted average interest rate. source
• BNSF debt was $23.5 billion at September 30, 2026, down $535 million since December 31, 2025. source
• BHE subsidiaries issued $4.8 billion of term debt in the first nine months of 2026 at a 5.8% weighted average interest rate, with maturities from 2029 to 2056. source
• BHE subsidiaries repaid $1.3 billion of term debt and reduced short-term borrowings by $1.1 billion in the first nine months of 2026. source
• BHFC senior note borrowings were approximately $18.2 billion at September 30, 2026, substantially unchanged from December 31, 2025. source