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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Current Assets    
Cash and cash equivalents $ 864 $ 611
Short-term marketable securities 33 246
Segregated cash and investments 6,870 7,212
Trade receivables - net 4,419 3,708
Inventories 11,550 11,572
Other current assets 4,146 4,369
Total Current Assets 27,882 27,718
Non-Current Assets    
Investments in affiliates 5,022 5,276
Goodwill 4,623 4,509
Intangible assets 2,252 2,260
Right of use assets 1,334 1,358
Other non-current assets 1,289 1,313
Property, plant, and equipment, net 11,000 10,837
Total Non-Current Assets 25,520 25,553
Total Assets 53,402 53,271
Current Liabilities    
Short-term debt 2,765 1,903
Current maturities of long-term debt 704 674
Trade payables 5,151 5,535
Payables to brokerage customers 7,726 7,772
Accrued expenses and other payables 3,511 3,730
Current lease liabilities 314 324
Total Current Liabilities 20,171 19,938
Long-Term Liabilities    
Long-term debt 7,596 7,580
Deferred income taxes 1,185 1,268
Non-current lease liabilities 1,044 1,057
Other 1,024 997
Total Long-Term Liabilities 10,849 10,902
Temporary Equity - Redeemable non-controlling interest 255 253
Shareholders’ Equity    
Common stock 3,246 3,223
Reinvested earnings 21,981 21,933
Accumulated other comprehensive (loss) (3,108) (2,988)
Non-controlling interests 8 10
Total Shareholders’ Equity 22,127 22,178
Total Liabilities, Temporary Equity, and Shareholders’ Equity $ 53,402 $ 53,271