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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current Assets    
Cash and cash equivalents $ 135,676 $ 266,988
Restricted cash 63,439 44,417
Investments in marketable equity securities and other investments 972,701 1,088,970
Accounts receivable, net 520,482 576,754
Inventories and contracts in progress 306,892 303,370
Prepaid expenses 135,826 124,875
Income taxes receivable 14,788 15,447
Other current assets 10,011 10,274
Current assets held for sale (includes $28,801 of cash and $6,041 of restricted cash) 49,140 0
Total Current Assets 2,208,955 2,431,095
Property, Plant and Equipment, Net 576,348 587,434
Lease Right-of-Use Assets 387,163 404,818
Investments in Affiliates 237,053 229,565
Goodwill, Net 1,599,489 1,585,666
Indefinite-Lived Intangible Assets 170,321 170,805
Amortized Intangible Assets, Net 55,115 61,631
Prepaid Pension Cost 2,792,300 2,772,394
Deferred Income Taxes 9,913 9,690
Deferred Charges and Other Assets 129,683 142,615
Noncurrent Assets Held for Sale 14,149 0
Total Assets 8,180,489 8,395,713
Current Liabilities    
Accounts payable, vehicle floor plan payable and accrued liabilities 627,428 721,626
Deferred revenue 361,621 411,651
Income taxes payable 7,368 8,995
Mandatorily redeemable noncontrolling interest 6,033 6,874
Current portion of lease liabilities 58,581 64,290
Current portion of long-term debt 107,098 175,138
Dividends declared 8,198 0
Current liabilities held for sale 56,002 0
Total Current Liabilities 1,232,329 1,388,574
Accrued Compensation and Related Benefits 131,641 135,323
Other Liabilities 28,122 28,639
Deferred Income Taxes 896,992 890,984
Mandatorily Redeemable Noncontrolling Interest 1,603 1,527
Lease Liabilities 365,847 377,897
Long-Term Debt 714,884 705,618
Noncurrent Liabilities Held for Sale 12,347 0
Total Liabilities 3,383,765 3,528,562
Commitments and Contingencies (Note 14)
Redeemable Noncontrolling Interests 29,920 39,824
Preferred Stock 0 0
Common Stockholders’ Equity    
Common stock 20,000 20,000
Capital in excess of par value 346,943 379,896
Retained earnings 8,305,389 8,292,681
Accumulated other comprehensive income, net of taxes    
Cumulative foreign currency translation adjustment (18,510) (12,262)
Unrealized gain on pensions and other postretirement plans 600,507 601,064
Cash flow hedges (1,259) (1,722)
Cost of Class B common stock held in treasury (4,520,318) (4,485,632)
Total Common Stockholders’ Equity 4,732,752 4,794,025
Noncontrolling Interests 34,052 33,302
Total Equity 4,766,804 4,827,327
Total Liabilities and Equity $ 8,180,489 $ 8,395,713