Revenues from contracts with customers
12 Months Ended
Dec. 31, 2018
Revenue from Contract with Customer [Abstract]  
Revenues from contracts with customers
(23)

Revenues from contracts with customers

As discussed in Note 1(w), on January 1, 2018, we adopted ASC 606 “Revenues from Contracts with Customers.” Except as described in Note 1, our revenue recognition practices for contracts with customers under ASC 606 do not differ significantly from prior practices. Under ASC 606, revenues are recognized when a good or service is transferred to a customer. A good or service is transferred when (or as) the customer obtains control of that good or service. Revenues are based on the consideration we expect to receive in connection with our promises to deliver goods and services to our customers.

The following table summarizes customer contract revenues disaggregated by reportable segment and the source of the revenue for the year ended December 31, 2018 (in millions). Other revenues included in our consolidated revenues were primarily insurance premiums earned, interest, dividend and other investment income and leasing revenues which are not within the scope of ASC 606.

 

     Manufacturing     McLane
 Company 
    Service and
Retail
    BNSF     Berkshire
Hathaway
    Energy    
    Insurance,
Corporate
 and other 
    Total  

Manufactured products:

              

Industrial and commercial products

    $ 25,707       $ —       $ 204       $ —       $ —       $ —       $ 25,911   

Building products

     14,323        —        —        —        —        —        14,323   

Consumer products

     14,790        —        —        —        —        —        14,790   

Grocery and convenience store distribution

     —        33,518        —        —        —        —        33,518   

Food and beverage distribution

     —        16,309        —        —        —        —        16,309   

Auto sales

     —        —        8,181        —        —        —        8,181   

Other retail and wholesale distribution

     2,091        —        12,067        —        —        —        14,158   

Service

     1,519        84        4,100        23,652        3,949        —        33,304   

Electricity and natural gas

     —        —        —        —        14,951        —        14,951   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total

     58,430        49,911        24,552        23,652        18,900        —        175,445   

Other revenue

     3,340        76        4,297        51        1,070        63,558        72,392   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
    $ 61,770       $  49,987       $  28,849       $  23,703       $ 19,970       $ 63,558       $  247,837   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

A summary of the transaction price allocated to the significant unsatisfied remaining performance obligations relating to contracts with expected durations in excess of one year as of December 31, 2018 follows (in millions).

 

     Performance obligations
expected to be satisfied:
        
     Less than
  12 months  
     Greater than
12 months
             Total          

Electricity and natural gas

    $ 842       $ 5,678       $ 6,520  

Other sales and service contracts

     1,190        1,904        3,094