v3.26.3
CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Sep. 30, 2026
Dec. 31, 2025
Current Assets    
Cash and cash equivalents $ 711 $ 1,015
Short-term marketable securities 45 32
Segregated cash and investments 8,873 8,432
Trade receivables, net 3,585 3,021
Inventories 11,675 10,369
Other current assets 4,732 3,796
Total Current Assets 29,621 26,665
Non-Current Assets    
Investments in affiliates 6,004 5,560
Goodwill 4,641 4,769
Intangible assets 1,782 1,976
Right of use assets 1,296 1,322
Other non-current assets 1,031 918
Property, plant, and equipment, net 11,025 11,179
Total Non-Current Assets 25,779 25,724
Total Assets 55,400 52,389
Current Liabilities    
Short-term debt 1,156 798
Current maturities of long-term debt 153 1,006
Trade payables 5,660 5,195
Payables to brokerage customers 9,447 8,919
Accrued expenses and other payables 3,777 3,313
Current lease liabilities 303 303
Total Current Liabilities 20,496 19,534
Long-Term Liabilities    
Long-term debt 7,429 6,606
Deferred income taxes 1,179 1,135
Non-current lease liabilities 1,021 1,045
Other 1,124 1,042
Total Long-Term Liabilities 10,753 9,828
Commitments and contingencies (See Note 16)
Temporary Equity - Redeemable non-controlling interest 293 287
Shareholders’ Equity    
Common stock 3,409 3,281
Reinvested earnings 22,877 21,983
Accumulated other comprehensive income (loss) (2,435) (2,531)
Non-controlling interests 7 7
Total Shareholders’ Equity 23,858 22,740
Total Liabilities, Temporary Equity, and Shareholders’ Equity $ 55,400 $ 52,389