Obligation Berkshire Hathaway Inc. 3.2% ( US084670AV06 ) en USD

Berkshire Hathaway Inc.

100 % ⇌

Etas-Unis

US084670AV06 ( en USD )

3.2% par an ( paiement semestriel )

11/02/2015 - Obligation échue

Prospectus brochure de l'obligation Berkshire Hathaway US084670AV06 en USD 3.2%, échue

2 000 USD

1 700 000 000 USD

084670AV0

Berkshire Hathaway est une société holding américaine dirigée par Warren Buffett, connue pour ses investissements à long terme dans des entreprises diversifiées et son approche de la valeur.

L'Obligation émise par Berkshire Hathaway Inc. ( Etas-Unis ) , en USD, avec le code ISIN US084670AV06, paye un coupon de 3.2% par an.
Le paiement des coupons est semestriel et la maturité de l'Obligation est le 11/02/2015

L'Obligation émise par Berkshire Hathaway Inc. ( Etas-Unis ) , en USD, avec le code ISIN US084670AV06, a été notée NR par l'agence de notation Moody's.

L'Obligation émise par Berkshire Hathaway Inc. ( Etas-Unis ) , en USD, avec le code ISIN US084670AV06, a été notée NR par l'agence de notation Standard & Poor's ( S&P ).

Final Prospectus Supplement
Page 1 of 45
424B2 1 d424b2.htm FINAL PROSPECTUS SUPPLEMENT
Table of Contents
Filed Pursuant to Rule 424(b)(2)
Registration Statement No. 333-164611
CALCULATION OF REGISTRATION FEE

Title of each class of securities
Amount to be
Amount of
to be registered
registered

registration fee(1)
1.400% Senior Notes due 2012
$
600,000,000
$ 42,780
2.125% Senior Notes due 2013
$ 1,400,000,000
$ 99,820
3.200% Senior Notes due 2015
$ 1,700,000,000
$ 121,210
Floating Rate Senior Notes due 2011
$ 2,000,000,000
$ 142,600
Floating Rate Senior Notes due 2012
$ 1,100,000,000
$ 78,430
Floating Rate Senior Notes due 2013
$ 1,200,000,000
$ 85,560
TOTAL
$ 8,000,000,000
$ 570,400

(1) Calculated in accordance with Rule 457(r) of the Securities Act of 1933, as amended.
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Prospectus Supplement to Prospectus dated February 1, 2010
$8,000,000,000
Berkshire Hathaway Inc.

$600,000,000
$2,000,000,000
1.400% Senior Notes due 2012
Floating Rate Senior Notes due 2011

Issue price 99.935%
Issue price 100%
Interest payable February 10 and August 10
Interest payable February 10, May 10, August 10 and November
10
$1,400,000,000
$1,100,000,000
2.125% Senior Notes due 2013
Floating Rate Senior Notes due 2012

Issue price 99.965%
Issue price 100%
Interest payable February 11 and August 11
Interest payable February 10, May 10, August 10 and November
10
$1,700,000,000
$1,200,000,000
3.200% Senior Notes due 2015
Floating Rate Senior Notes due 2013

Issue price 99.917%
Issue price 100%
Interest payable February 11 and August 11
Interest payable February 11, May 11, August 11 and November
11
We are offering (i) $600,000,000 of our 1.400% Senior Notes due 2012; (ii) $1,400,000,000 of our 2.125% Senior
Notes due 2013 and (iii) $1,700,000,000 of our 3.200% Senior Notes due 2015 (collectively, the "fixed rate
notes"); and (iv) $2,000,000,000 of Floating Rate Senior Notes due 2011; (v) $1,100,000,000 of Floating Rate
Senior Notes due 2012; and (vi) $1,200,000,000 of Floating Rate Senior Notes due 2013 (collectively, the
"floating rate notes" and, together with the fixed rate notes, the "notes").
Interest on each series of notes will accrue from the date of original issue, expected to be February 11, 2010.
Interest on the 1.400% Senior Notes due 2012 will be payable on February 10 and August 10 of each year,
commencing on August 10, 2010. Interest on the 2.125% Senior Notes due 2013 and 3.200% Senior Notes due
2015 will be payable on February 11 and August 11 of each year, commencing on August 11, 2010. Interest on
the Floating Rate Senior Notes due 2011 and the Floating Rate Senior Notes due 2012 will be payable on
February 10, May 10, August 10 and November 10 of each year, commencing on May 10, 2010. Interest on the
Floating Rate Senior Notes due 2013 will be payable on February 11, May 11, August 11 and November 11 of
each year, commencing on May 11, 2010.
The 1.400% Senior Notes due 2012 will mature on February 10, 2012; the 2.125% Senior Notes due 2013 will
mature on February 11, 2013; and the 3.200% Senior Notes due 2015 will mature on February 11, 2015. The
Floating Rate Senior Notes due 2011 will mature on February 10, 2011; the Floating Rate Senior Notes due 2012
will mature on February 10, 2012; and the Floating Rate Senior Notes due 2013 will mature on February 11,
2013.
We may redeem any series of the fixed rate notes, in whole or in part, at any time at the redemption prices as
described under "Description of the notes--Optional redemption." We will not have the right to redeem the floating
rate notes.
The notes will be senior unsecured indebtedness of ours and will rank equally with all of our other existing and
future senior unsecured indebtedness.
The notes will not be listed on any securities exchange. Currently, there is no public market for the notes.
The risks involved in investing in our debt securities are described in the "Risk factors" section starting
on page S-6 of this prospectus supplement.
Neither the Securities and Exchange Commission nor any state securities commission has approved or
disapproved of the notes or passed upon the adequacy or accuracy of this prospectus. Any representation to the
contrary is a criminal offense.

Price to Public(1)
Underwriting Discounts
Proceeds, Before Expenses
Per 1.400% Senior Note due 2012

99.935%

0.150%

99.785%
Per 2.125% Senior Note due 2013

99.965%

0.250%

99.715%
Per 3.200% Senior Note due 2015

99.917%

0.350%

99.567%
Per Floating Rate Senior Note due 2011

100.000%

0.100%

99.900%
Per Floating Rate Senior Note due 2012

100.000%

0.150%

99.850%
Per Floating Rate Senior Note due 2013

100.000%

0.250%

99.750%
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Total

$
7,997,709,000
$
17,000,000
$
7,980,709,000
(1) Plus accrued interest from February 11, 2010 if delivery of the notes occurs after such date.
The underwriters expect to deliver the notes to purchasers through the book-entry delivery system of The
Depository Trust Company and its participants including Euroclear Bank S.A./N.V. and Clearstream Banking,
société anonyme, on or about February 11, 2010.
Sole Book-Running Manager
J.P. Morgan
Joint Lead Manager
Wells Fargo Securities
The date of this prospectus supplement is February 4, 2010
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Table of Contents
Table of contents

Prospectus supplement

Page
Forward-looking information

S-i
About this prospectus supplement

S-i
Summary

S-1
The offering

S-3
Risk factors

S-6
Use of proceeds

S-8
Description of the notes

S-9
Material United States federal income and estate tax considerations

S-18
Underwriting

S-23
Legal matters

S-26
Experts

S-26
Prospectus

Page
Forward-Looking Information

i
About This Prospectus

1
Where You Can Find More Information

1
Incorporation By Reference

2
Risk Factors

4
Ratio of Earnings to Fixed Charges

5
Use of Proceeds

5
Description of the Debt Securities

6
Plan of Distribution

10
Legal Matters

11
Experts

11

You should read this prospectus supplement and the accompanying prospectus carefully before you
invest in the notes. This document contains or incorporates by reference important information you
should consider before making your investment decision. You should rely only on the information
contained or incorporated by reference in this prospectus supplement and the accompanying
prospectus. We have not, and the underwriters have not, authorized anyone else to provide you with any
different or additional information. You should not assume that the information contained in this
prospectus supplement or the accompanying prospectus (as updated by this prospectus supplement) is
accurate as of any date other than the date on the front cover of this prospectus supplement, or that the
information we previously filed with the Securities and Exchange Commission (the "SEC") and
incorporated by reference in this prospectus supplement or the accompanying prospectus is accurate as
of any date other than the date of the document incorporated by reference. Our business, financial
condition, results of operations and prospects may have changed since those dates.
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Forward-looking information
Certain statements contained, or incorporated by reference, in this prospectus supplement are "forward-looking"
statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking
statements include statements that are predictive in nature, that depend upon or refer to future events or
conditions, that include words such as "expects," "anticipates," "intends," "plans," "believes," "estimates," or similar
expressions. In addition, any statements concerning future financial performance (including future revenues,
earnings or growth rates), ongoing business strategies or prospects, and possible future actions by us, which may
be provided by management are also forward-looking statements as defined by the Private Securities Litigation
Reform Act of 1995. Forward-looking statements are based on current expectations and projections about future
events and are subject to risks, uncertainties, and assumptions about us, economic and market factors and the
industries in which they do business, among other things. These statements are not guarantees of future
performance and we have no specific intention to update these statements.
Actual events and results may differ materially from those expressed or forecasted in forward-looking statements
due to a number of factors. The principal important risk factors that could cause our actual performance and
future events and actions to differ materially from such forward-looking statements, include, but are not limited to,
continuing volatility in the capital or credit markets and other changes in the securities and capital markets,
changes in market prices of our investments in fixed maturity and equity securities, losses realized from derivative
contracts, the occurrence of one or more catastrophic events, such as an earthquake, hurricane, or act of
terrorism that causes losses insured by our insurance subsidiaries, changes in insurance laws or regulations,
changes in federal income tax laws, and changes in general economic and market factors that affect the prices of
securities or the industries in which we and our affiliates do business.
Unless required by law, we undertake no obligation to publicly update or revise any forward-looking statements to
reflect events or developments after the date of this prospectus supplement.
About this prospectus supplement
This document is in two parts. The first part is this prospectus supplement, which describes the terms of the
offering of the notes and also adds to and updates information contained in the accompanying prospectus and the
documents incorporated by reference into this prospectus supplement and the accompanying prospectus. The
second part is the accompanying prospectus, which provides more general information. To the extent there is a
conflict between the information contained in this prospectus supplement, on the one hand, and the information
contained in the accompanying prospectus or any document incorporated herein and therein by reference, on the
other hand, you should rely on the information contained in this prospectus supplement.
The information in this prospectus supplement is not complete and may be changed. You should rely only on the
information provided in or incorporated by reference in this prospectus supplement, the accompanying
prospectus, or documents to which we otherwise refer you. We are not making an offer of these securities in any
jurisdiction where the offer or sale is not permitted. You should assume that the information appearing in this
prospectus supplement and the accompanying prospectus, as well as information we have filed or will file with the
SEC and incorporated by reference in this prospectus supplement and accompanying prospectus, is accurate as
of the date of the applicable document or other date referred to in that document. Our business, financial
condition, and results of operations may have changed since that date.
In this prospectus supplement, unless otherwise specified or the context otherwise implies, references to "dollars"
and "$" are to U.S. dollars. Unless we indicate otherwise or unless the context requires otherwise, all references
in this prospectus supplement to "Berkshire," "we," "us," "our," or similar references are to Berkshire Hathaway
Inc. excluding its consolidated subsidiaries.
This prospectus supplement is based on information provided by us and by other sources that we believe are
reliable. We cannot assure you that this information is accurate or complete. This prospectus supplement
summarizes certain documents and other information and we refer you to them for a more complete
understanding of what we discuss in this prospectus supplement.

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Summary
The following summary is qualified in its entirety by the more detailed information included elsewhere in or
incorporated by reference into this prospectus supplement or the accompanying prospectus. Because this is a
summary, it does not contain all the information that may be important to you. You should carefully read the
entire prospectus supplement and the accompanying prospectus, together with documents incorporated by
reference, in their entirety before making an investment decision.
About Berkshire Hathaway Inc.
We are incorporated in Delaware and are a holding company owning subsidiaries that engage in a number of
diverse business activities including property and casualty insurance and reinsurance, utilities and energy,
finance, manufacturing, services and retailing. Included in the group of subsidiaries that underwrite property
and casualty insurance and reinsurance is GEICO, the third largest auto insurer in the United States and two
of the largest reinsurers in the world, General Re and the Berkshire Hathaway Reinsurance Group. Other
subsidiaries that underwrite property and casualty insurance include National Indemnity Company, Columbia
Insurance Company, National Fire & Marine Insurance Company, National Liability and Fire Insurance
Company, Wesco-Financial Insurance Company, Medical Protective Company, Applied Underwriters, U.S.
Liability Insurance Company, Central States Indemnity Company, Kansas Bankers Surety, Cypress Insurance
Company, Boat U.S. and several other subsidiaries referred to as the "Homestate Companies."
MidAmerican Energy Holdings Company ("MidAmerican") is an international energy holding company owning
a wide variety of operating companies engaged in the generation, transmission and distribution of energy.
Among MidAmerican's operating energy companies are Northern Electric and Yorkshire Electricity;
MidAmerican Energy Company; Pacific Power and Rocky Mountain Power; and Kern River Gas Transmission
Company and Northern Natural Gas. In addition, MidAmerican owns HomeServices of America, a real estate
brokerage firm. Our finance and financial products businesses primarily engage in proprietary investing
strategies (BH Finance), commercial and consumer lending (Berkshire Hathaway Credit Corporation and
Clayton Homes, Inc.) and transportation equipment and furniture leasing (XTRA and CORT). McLane
Company is a wholesale distributor of groceries and nonfood items to convenience stores, wholesale clubs,
mass merchandisers, quick service restaurants and others. The Marmon Group is an international association
of approximately 130 manufacturing and service businesses that operate independently within diverse
business sectors. Shaw Industries is the world's largest manufacturer of tufted broadloom carpet.
Numerous business activities are conducted through our other manufacturing, services and retailing
subsidiaries. Benjamin Moore is a formulator, manufacturer and retailer of architectural and industrial
coatings. Johns Manville is a leading manufacturer of insulation and building products. Acme Building Brands
is a manufacturer of face brick and concrete masonry products. MiTek Inc. produces steel connector products
and engineering software for the building components market. Fruit of the Loom, Russell, Vanity Fair, Garan,
Fechheimer, H.H. Brown Shoe Group and Justin Brands manufacture, license and distribute apparel and
footwear under a variety of brand names. FlightSafety International provides training to aircraft operators.
NetJets

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provides fractional ownership programs for general aviation aircraft. Nebraska Furniture Mart, R.C. Willey
Home Furnishings, Star Furniture and Jordan's Furniture are retailers of home furnishings. Borsheims,
Helzberg Diamond Shops and Ben Bridge Jeweler are retailers of fine jewelry.
In addition, other manufacturing, service and retail businesses include: Buffalo News, a publisher of a daily
and Sunday newspaper; See's Candies, a manufacturer and seller of boxed chocolates and other
confectionery products; Scott Fetzer, a diversified manufacturer and distributor of commercial and industrial
products; Albecca, a designer, manufacturer and distributor of high-quality picture framing products; CTB
International, a manufacturer of equipment for the livestock and agricultural industries; International Dairy
Queen, a licensor and service provider to about 5,700 stores that offer prepared dairy treats and food; The
Pampered Chef, the premier direct seller of kitchen tools in the United States; Forest River, a leading
manufacturer of leisure vehicles in the United States; Business Wire, the leading global distributor of
corporate news, multimedia and regulatory filings; Iscar Metalworking Companies, an industry leader in the
metal cutting tools business; TTI, Inc., a leading distributor of electronic components and Richline Group, a
leading jewelry manufacturer.
Operating decisions for our various businesses are made by managers of the business units. Investment
decisions and all other capital allocation decisions are made for us and our subsidiaries by Warren E. Buffett,
in consultation with Charles T. Munger. Mr. Buffett is Chairman and Mr. Munger is Vice Chairman of our
Board of Directors. Our businesses collectively employ approximately 222,000 people.
Our executive offices are located at 3555 Farnam Street, Omaha, Nebraska 68131, and our telephone
number is (402) 346-1400.
Proposed acquisition of Burlington Northern Santa Fe Corporation
On November 3, 2009, we entered into a merger agreement with Burlington Northern Santa Fe Corporation
("BNSF"), pursuant to which, subject to conditions described below, BNSF would be merged into a subsidiary
of National Indemnity Company, an indirect wholly owned insurance subsidiary of ours, so that following the
proposed transaction, we would indirectly own 100% of BNSF.
If the merger is completed, each share of BNSF common stock will be converted into the right to receive, at
the BNSF stockholder's election (subject to certain proration and reallocation procedures), either (i) $100.00
in cash, or (ii) a portion of a share of our Class A common stock equal to an exchange ratio determined in
accordance with the merger agreement.
Under the merger agreement, approximately 60% of the total merger consideration payable by us to BNSF
stockholders will be in the form of cash and approximately 40% will be in the form of our common stock.
The transaction is subject to customary closing conditions and requires approval by (i) the holders of at least
66-2/3% of the outstanding shares of BNSF common stock not owned by us and (ii) the holders of a majority
of the outstanding shares of BNSF common stock.
If the requisite approval of the BNSF stockholders is obtained at the meeting of BNSF stockholders currently
scheduled for February 11, 2010, and the other conditions to close are met or waived, the merger is expected
to become effective as soon as practicable but in no event later than the fourth business day following the
meeting of BNSF stockholders.

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The offering

Issuer
Berkshire Hathaway Inc.

Securities offered
$600,000,000 aggregate principal amount of 1.400% Senior Notes due 2012
$1,400,000,000 aggregate principal amount of 2.125% Senior Notes due 2013
$1,700,000,000 aggregate principal amount of 3.200% Senior Notes due 2015
$2,000,000,000 aggregate principal amount of Floating Rate Senior Notes due
2011
$1,100,000,000 aggregate principal amount of Floating Rate Senior Notes due
2012
$1,200,000,000 aggregate principal amount of Floating Rate Senior Notes due
2013

Offering price
99.935% in respect of the 1.400% Senior Notes due 2012
99.965% in respect of the 2.125% Senior Notes due 2013
99.917% in respect of the 3.200% Senior Notes due 2015
100% in respect of the Floating Rate Senior Notes due 2011
100% in respect of the Floating Rate Senior Notes due 2012
100% in respect of the Floating Rate Senior Notes due 2013

Maturity date
February 10, 2012 in respect of 1.400% Senior Notes due 2012
February 11, 2013 in respect of 2.125% Senior Notes due 2013
February 11, 2015 in respect of 3.200% Senior Notes due 2015
February 10, 2011 in respect of the Floating Rate Senior Notes due 2011
February 10, 2012 in respect of the Floating Rate Senior Notes due 2012
February 11, 2013 in respect of the Floating Rate Senior Notes due 2013

Interest
The 1.400% Senior Notes due 2012 will bear interest at a rate per annum equal
to 1.400%, payable semi-annually in arrears on February 10 and August 10 of
each year, commencing on August 10, 2010.

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The 2.125% Senior Notes due 2013 will bear interest at a rate per annum equal
to 2.125%, payable semi-annually in arrears on February 11 and August 11 of
each year, commencing on August 11, 2010.
The 3.200% Senior Notes due 2015 will bear interest at a rate per annum equal
to 3.200%, payable semi-annually in arrears on February 11 and August 11 of
each year, commencing on August 11, 2010.
The Floating Rate Senior Notes due 2011 will bear interest at a rate per annum
equal to LIBOR minus 0.020%, payable quarterly in arrears on February 10,
May 10, August 10 and November 10 of each year, commencing on May 10,
2010.

The Floating Rate Senior Notes due 2012 will bear interest at a rate per annum
equal to LIBOR plus 0.180%, payable quarterly in arrears on February 10, May
10, August 10 and November 10 of each year, commencing on May 10, 2010.

The Floating Rate Senior Notes due 2013 will bear interest at a rate per annum
equal to LIBOR plus 0.430%, payable quarterly in arrears on February 11, May
11, August 11 and November 11 of each year, commencing on May 11, 2010.

Ranking
Each series of notes will be our unsecured senior obligations, will rank pari
passu in right of payment with all of our unsubordinated, unsecured
indebtedness and will be senior in right of payment to all of our subordinated
indebtedness. As of September 30, 2009, we had no secured indebtedness and
$169 million of indebtedness, and our subsidiaries had $37.8 billion of
indebtedness.

Optional redemption
We will have the option to redeem each series of the fixed rate notes, in whole
or in part, at any time, at a redemption price equal to the greater of (A) 100% of
the principal amount of the notes to be redeemed or (B) as determined by the
quotation agent and as described herein under "Description of the notes--
Optional redemption," the sum of the present values of the remaining scheduled
payments of principal and interest on the notes to be redeemed, not including
any portion of such payments of interest accrued as of the date on which the
notes are to be redeemed, discounted to the date on which the notes are to be
redeemed on a semi-annual basis, assuming a 360-day year consisting of
twelve 30-day months, at the adjusted treasury rate described herein under
"Description of the notes--Optional redemption" plus 10 basis points with
respect to the 1.400% Senior Notes due 2012, 12.5 basis points with respect to
the 2.125%

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Senior Notes due 2013, or 15 basis points with respect to the 3.200% Senior

Notes due 2015, in each case, plus accrued interest to the date on which the
notes are to be redeemed.
We will not have the right to redeem the floating rate notes.

Repayment
The notes will not be repayable at the option of the holder prior to maturity.

Sinking fund
None of the notes are subject to a sinking fund provision.

Form and denomination
The Depository Trust Company ("DTC") will act as securities depositary for the
notes, which will be issued only as fully registered global securities registered in
the name of DTC or its nominee for credit to an account of a direct or indirect
participant in DTC, except in certain circumstances. One or more fully registered
global notes will be issued to DTC for the notes. The notes will be issued in
minimum denominations of $2,000 and integral multiples of $1,000 in excess
thereof.

Use of proceeds
We expect to use the net proceeds of this offering in connection with our
acquisition, through merger, of BNSF. If the conditions to such acquisition are
not met, we expect to use the net proceeds for general corporate purposes. See
"Use of proceeds."

Trustee
The Bank of New York Mellon Trust Company, N.A.

Governing law
New York

Risk factors
You should carefully consider the specific factors set forth under "Risk factors,"
beginning on page S-6 of this prospectus supplement as well as the information
and data included elsewhere or incorporated by reference in this prospectus
supplement or the accompanying prospectus, before making an investment
decision.

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