v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 559,118 $ 477,179
Trade accounts receivable, less allowance for doubtful accounts (2026 – $86,670; 2025 – $85,537) 2,652,749 2,370,939
Merchandise inventories, net 6,287,933 6,071,996
Prepaid expenses and other current assets 1,565,881 1,644,620
Total current assets 11,065,681 10,564,734
Goodwill 3,190,572 3,188,815
Other intangible assets, less accumulated amortization 1,774,401 1,855,714
Property, plant and equipment, less accumulated depreciation (2026 – $2,270,687; 2025 – $2,137,108) 2,152,789 2,172,140
Operating lease assets 2,018,088 2,084,487
Other assets 856,762 929,650
Total assets 21,058,293 20,795,540
Current liabilities:    
Trade accounts payable 6,279,867 6,051,882
Short-term borrowings 752,474 943,540
Current portion of long-term debt 250,000 353,788
Dividends payable 148,070 143,291
Other current liabilities 2,117,656 2,295,204
Total current liabilities 9,548,067 9,787,705
Long-term debt 3,976,648 3,498,423
Operating lease liabilities 1,673,663 1,739,478
Pension and other post–retirement benefit liabilities 219,833 219,270
Deferred tax liabilities 378,977 385,948
Other long-term liabilities 717,316 724,353
Equity:    
Preferred stock, par value – $1 per share; authorized – 10,000,000 shares; none issued 0 0
Common stock, par value – $1 per share; authorized – 450,000,000 shares; issued and outstanding – 2026 – 137,859,581 shares; 2025 – 137,617,832 shares 137,860 137,618
Additional paid-in capital 244,572 228,370
Accumulated other comprehensive loss (548,532) (511,766)
Retained earnings 4,692,112 4,568,769
Total parent equity 4,526,012 4,422,991
Noncontrolling interests in subsidiaries 17,777 17,372
Total equity 4,543,789 4,440,363
Total liabilities and equity $ 21,058,293 $ 20,795,540