Warren Buffett：Berkshire Hathaway 2021 Letter, Additional Excerpt 2

Since we purchased our Pilot stake in 2017, this holding has warranted “equity” accounting treatment. Early in 2023, Berkshire will purchase an additional interest in Pilot that will raise our ownership to 80% and lead to our fully consolidating Pilot’s earnings, assets and liabilities in our financial statements.

Source： https://www.berkshirehathaway.com/letters/2021ltr.pdf
Locator：2021 Chairman's Letter, additional excerpt 2 · Verified：2026-10-19 · Verification：Short excerpt

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