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Berkshire Hathaway (BRK-B) Risk Factor Changes

Latest 10-K compared with the year before

Berkshire Hathaway Risk Factor Changes

Latest 10-K compared with the year before. 10 changes found.

RewrittenBNSF requires significant ongoing capital investment to improve and maintain…

BNSF requires significant ongoing capital investment to improve and maintain its railroad network so that transportation services can be safely and reliably provided to customers on a timely basis.

RewrittenBNSF derives significant revenues from the transportation of energy-related commodities,…

BNSF derives significant revenues from the transportation of energy-related commodities, including coal.

RewrittenAs industry practices and legal, social and environmental conditions evolve,…

As industry practices and legal, social and environmental conditions evolve, unexpected and unintended issues related to claims and coverage may emerge, including new or expanded theories of liability, increased frequ…

RewrittenAdditional GHG and climate-related policies, including legislation, may emerge that…

Additional GHG and climate-related policies, including legislation, may emerge that influence the transition to a lower GHG-emitting economy and could, in turn, influence costs for our businesses to comply with those…

RewrittenData privacy and artificial intelligence laws and regulations have been…

Data privacy and artificial intelligence laws and regulations have been enacted or are under development in various jurisdictions in the U.S.

RewrittenEach of our operating businesses faces intense competition within markets…

Each of our operating businesses faces intense competition within markets in which they operate.

RewrittenIf for any reason the services of our key personnel…

If for any reason the services of our key personnel were to become unavailable, there could be a material adverse effect on our operations.

RewrittenIn May 2025, Berkshire’s Board of Directors appointed Mr. Gregory…

In May 2025, Berkshire’s Board of Directors appointed Mr.

RewrittenWe rely on technology in virtually all aspects of our…

We rely on technology in virtually all aspects of our business.

AddedThe U.S. freight transportation infrastructure is integrated. BNSF’s operations may…

The U.S.

Full wording for every change is in Pro.

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