v3.26.1
CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Current Assets    
Cash and cash equivalents $ 591 $ 1,015
Short-term marketable securities 33 32
Segregated cash and investments 9,526 8,432
Trade receivables - net 3,705 3,021
Inventories 11,741 10,369
Other current assets 4,398 3,796
Total Current Assets 29,994 26,665
Non-Current Assets    
Investments in affiliates 5,800 5,560
Goodwill 4,654 4,769
Intangible assets 1,906 1,976
Right of use assets 1,302 1,322
Other non-current assets 970 918
Property, plant, and equipment, net 10,972 11,179
Total Non-Current Assets 25,604 25,724
Total Assets 55,598 52,389
Current Liabilities    
Short-term debt 1,719 798
Current maturities of long-term debt 1,153 1,006
Trade payables 5,457 5,195
Payables to brokerage customers 10,199 8,919
Accrued expenses and other payables 4,051 3,313
Current lease liabilities 300 303
Total Current Liabilities 22,879 19,534
Long-Term Liabilities    
Long-term debt 6,457 6,606
Deferred income taxes 1,064 1,135
Non-current lease liabilities 1,028 1,045
Other 1,067 1,042
Total Long-Term Liabilities 9,616 9,828
Commitments and contingencies (See Note 16)
Temporary Equity - Redeemable non-controlling interest 292 287
Shareholders’ Equity    
Common stock 3,296 3,281
Reinvested earnings 22,019 21,983
Accumulated other comprehensive income (loss) (2,511) (2,531)
Non-controlling interests 7 7
Total Shareholders’ Equity 22,811 22,740
Total Liabilities, Temporary Equity, and Shareholders’ Equity $ 55,598 $ 52,389