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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current Assets    
Cash and cash equivalents $ 156,700 $ 260,852
Restricted cash 48,915 37,001
Investments in marketable equity securities and other investments 909,039 858,743
Accounts receivable, net 499,668 514,426
Inventories and contracts in progress 262,489 295,808
Prepaid expenses 135,178 116,472
Income taxes receivable 5,168 7,714
Other current assets (includes $1,323 and $0 of cash held for sale, respectively) 9,553 7,608
Total Current Assets 2,026,710 2,098,624
Property, Plant and Equipment, Net 543,706 549,364
Lease Right-of-Use Assets 392,668 388,419
Investments in Affiliates 156,935 169,125
Goodwill, Net 1,509,399 1,500,036
Indefinite-Lived Intangible Assets 164,998 164,323
Amortized Intangible Assets, Net 47,634 56,696
Prepaid Pension Cost 2,533,255 2,510,520
Deferred Income Taxes 8,972 8,908
Deferred Charges and Other Assets 231,623 231,190
Total Assets 7,615,900 7,677,205
Current Liabilities    
Accounts payable, vehicle floor plan payable and accrued liabilities 611,913 712,505
Deferred revenue 402,047 390,976
Income taxes payable 9,164 11,502
Mandatorily redeemable noncontrolling interest 8,371 0
Current portion of lease liabilities 61,156 58,239
Current portion of long-term debt 149,178 26,577
Dividends declared 7,849 0
Total Current Liabilities 1,249,678 1,199,799
Accrued Compensation and Related Benefits 130,534 136,101
Other Liabilities 27,329 27,361
Deferred Income Taxes 739,871 739,260
Mandatorily Redeemable Noncontrolling Interest 12,349 159,548
Lease Liabilities 371,331 362,885
Long-Term Debt 715,457 721,615
Total Liabilities 3,246,549 3,346,569
Commitments and Contingencies (Note 14)
Redeemable Noncontrolling Interests 43,586 43,821
Preferred Stock 0 0
Common Stockholders’ Equity    
Common stock 20,000 20,000
Capital in excess of par value 368,074 356,919
Retained earnings 8,039,982 8,031,750
Accumulated other comprehensive income, net of taxes    
Cumulative foreign currency translation adjustment (43,777) (58,044)
Unrealized gain on pensions and other postretirement plans 393,281 393,949
Cash flow hedges (1,611) (1,108)
Cost of Class B common stock held in treasury (4,481,534) (4,486,805)
Total Common Stockholders’ Equity 4,294,415 4,256,661
Noncontrolling Interests 31,350 30,154
Total Equity 4,325,765 4,286,815
Total Liabilities and Equity $ 7,615,900 $ 7,677,205