Added10-Q 2026-11-09 vs 10-K 2026-03-02
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds and Issuer Repurchases of Equity Securities
Risk factors in the latest filings
1 new paragraph in the 10-K, 5 new in the latest 10-Q
New in the 10-K
Paragraphs with nothing like them in last year's 10-K
1 paragraph in Risk Factors of the 10-K filed Mar 2, 2026 with nothing like it in the 10-K filed Feb 24, 2025. Quoted exactly. Paragraphs that were only edited are under 10-K change.
Compared with the Risk Factors in the latest 10-K of the other 75 Financials companies: a paragraph with at least half its words the same at another company is called similar, and the companies are listed under it. A paragraph most of them have is marked boilerplate. No line means no other company has one like it. This counts text; it does not say how serious a risk is.
The U.S. freight transportation infrastructure is integrated. BNSF’s operations may be negatively affected by service disruptions of other entities, such as ports, passenger trains, and other railroads, which interchange with BNSF Railway. A prolonged service disruption at any of these entities could have adverse consequences on BNSF. Significant consolidation or integration involving participants within the freight transportation industry, including mergers among major rail carriers, may lead to operational disruptions across the rail network and broader supply chain, which could negatively impact BNSF’s operating results, financial condition and liquidity.
Read in the 10-K ↗
New in the latest 10-Q
Paragraphs in the 10-Q filed Nov 9, 2026 that were not in the one before
5 paragraphs in the 10-Q filed Nov 9, 2026 with nothing like them in the 10-Q filed Aug 10, 2026 (at least half the words must differ; new numbers alone do not count). Quoted exactly, grouped by the item heading above them. This is text that changed, not a judgement of how serious it is.
Financial statements and notes
Notes to Consolidated Financial Statements Note 2. Business acquisitions The combined preliminary values of OxyChem and TMHC’s assets acquired and liabilities assumed as of the respective acquisition dates are summarized as follows (in millions). Cash and cash equivalents $528 Inventories 7,622 Property, plant and equipment 7,287 Goodwill and other intangible assets 1,796 Other assets 4,027 Assets acquired $21,260 Accounts payable, accruals and other liabilities $2,938 Notes payable and other borrowings 2,100 Liabilities assumed 5,038 Net assets $16,222
Read in the 10-Q ↗
Notes to Consolidated Financial Statements Note 5. Equity method investments Summarized financial information of Kraft Heinz follows (in millions). June 27, September 27,
Read in the 10-Q ↗
2026 2025 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────── Loans and finance receivables, before allowances and discounts $ 33,107 $ 31,997 Allowances for credit losses (1,384) (1,347) Unamortized acquisition discounts and points (843) (814) $ 30,880 $ 29,836 Reconciliations of the allowance for credit losses on loans and finance receivables follow (in millions). 2026 2025 ────────────────────────────────────────────────────────────────────────────────── Balance at the beginning of the year $ 1,347 $ 1,134 Provision for credit losses 192 314 Charge-offs, net of recoveries (155) (125) Balance at September 30 $ 1,384 $ 1,323 As of September 30, 2026, substantially all manufactured and certain site-built home loans were evaluated collectively for impairment, and we considered approximately 96% of these loans to be current as to payment status. A summary of performing and non-performing home loans, before allowances and discounts, by year of loan origination as of September 30, 2026 follows (in millions). Origination Year 2026 2025 2024 2023 2022 Prior Total Performing $ 4,445 $4,718 $4,985 $4,124 $3,111 $11,026 $32,409 Non-performing 3 21 37 28 17 67 173 $ 4,448 $4,739 $5,022 $4,152 $3,128 $11,093 $32,582
Read in the 10-Q ↗
Notes to Consolidated Financial Statements Note 12. Goodwill and other intangible assets Other intangible assets are summarized below (in millions). September 30, 2026 December 31, 2025 Gross Accumulated Net Gross Accumulated Net
Read in the 10-Q ↗
On October 22, 2026, the Court issued opinions approving the settlement and CDESA. Both orders remain subject to potential appeals.
Read in the 10-Q ↗
10-Q against the 10-K
The 10-Q's risk factors against the 10-K
Item 1A of the 10-Q filed Nov 9, 2026 against Item 1A of the 10-K filed Mar 2, 2026.
A 10-Q repeats only the risks that changed, so a 10-K paragraph that is missing from it is not counted as removed.
Added is a paragraph with nothing like it in the 10-K, Reworded a sentence that is in both with several words changed,
Quiet changes a sentence in both where one to four words changed and one is a hedge or a modal
(cut words struck through, new words highlighted and underlined).
Text on the page, not a score; each links to the filing at sec.gov.
What the 10-Q itself says about its risk factors:
Read in the 10-Q ↗
Our significant business risks are described in Item 1A to Form 10-K for the year ended December 31, 2025, to which reference is made herein. The risks and uncertainties we describe are not the only ones facing us. Additional risks and uncertainties not presently known to us or that we currently deem immaterial may also impair our business or operations. Any adverse effect on our business, financial condition or operating results could result in a decline in the value of our securities and the loss of all or part of your investment.
Added10-Q 2026-11-09 vs 10-K 2026-03-02
Berkshire’s common stock repurchase program currently permits Berkshire to repurchase its Class A and Class B shares any time that Berkshire’s Chief Executive Officer, after consultation with the Chairman of the Board, believes that the repurchase price is below Berkshire’s intrinsic value, conservatively determined. Repurchases may be in the open market or through privately negotiated transactions. Berkshire’s common stock repurchases during the third quarter of 2026 are summarized as follows.
Added10-Q 2026-11-09 vs 10-K 2026-03-02
* The program does not specify a maximum number of shares to be repurchased or obligate Berkshire to repurchase any specific dollar amount or number of Class A or Class B shares and there is no expiration date to the repurchase program. Berkshire will not repurchase its common stock if the repurchases reduce the value of Berkshire’s consolidated cash, cash equivalents and U.S. Treasury Bills holdings to less than $30 billion.