v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current Assets    
Cash and cash equivalents $ 156,766 $ 266,988
Restricted cash 51,342 44,417
Investments in marketable equity securities and other investments 1,089,301 1,088,970
Accounts receivable, net 474,687 576,754
Inventories and contracts in progress 333,459 303,370
Prepaid expenses 120,751 124,875
Income taxes receivable 33,404 15,447
Other current assets 11,339 10,274
Total Current Assets 2,271,049 2,431,095
Property, Plant and Equipment, Net 577,861 587,434
Lease Right-of-Use Assets 396,165 404,818
Investments in Affiliates 208,550 229,565
Goodwill, Net 1,600,573 1,585,666
Indefinite-Lived Intangible Assets 170,337 170,805
Amortized Intangible Assets, Net 49,409 61,631
Prepaid Pension Cost 2,723,553 2,772,394
Deferred Income Taxes 8,399 9,690
Deferred Charges and Other Assets 135,213 142,615
Total Assets 8,141,109 8,395,713
Current Liabilities    
Accounts payable, vehicle floor plan payable and accrued liabilities 638,583 721,626
Deferred revenue 292,474 411,651
Income taxes payable 23,352 8,995
Mandatorily redeemable noncontrolling interest 6,033 6,874
Current portion of lease liabilities 61,341 64,290
Current portion of long-term debt 191,472 175,138
Dividends declared 8,040 0
Total Current Liabilities 1,221,295 1,388,574
Accrued Compensation and Related Benefits 136,740 135,323
Other Liabilities 23,439 28,639
Deferred Income Taxes 850,945 890,984
Mandatorily Redeemable Noncontrolling Interest 1,390 1,527
Lease Liabilities 376,913 377,897
Long-Term Debt 708,901 705,618
Total Liabilities 3,319,623 3,528,562
Commitments and Contingencies (Note 15)
Redeemable Noncontrolling Interests 25,386 39,824
Preferred Stock 0 0
Common Stockholders’ Equity    
Common stock 20,000 20,000
Capital in excess of par value 352,983 379,896
Retained earnings 8,578,539 8,292,681
Accumulated other comprehensive income, net of taxes    
Cumulative foreign currency translation adjustment (12,210) (12,262)
Unrealized gain on pensions and other postretirement plans 432,083 601,064
Cash flow hedges (784) (1,722)
Cost of Class B common stock held in treasury (4,609,033) (4,485,632)
Total Common Stockholders’ Equity 4,761,578 4,794,025
Noncontrolling Interests 34,522 33,302
Total Equity 4,796,100 4,827,327
Total Liabilities and Equity $ 8,141,109 $ 8,395,713