CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Current Assets
Cash and cash equivalents	$ 1,015	$ 611
Short-term marketable securities	32	246
Segregated cash and investments	8,432	7,212
Trade receivables - net	3,021	3,708
Inventories	10,369	11,572
Other current assets	3,796	4,369
Total Current Assets	26,665	27,718
Non-Current Assets
Investments in affiliates	5,560	5,276
Goodwill	4,769	4,509
Intangible assets, net	1,976	2,260
Right of use assets	1,322	1,358
Other non-current assets	918	1,313
Property, plant, and equipment, net	11,179	10,837
Total Non-Current Assets	25,724	25,553
Total Assets	52,389	53,271
Current Liabilities
Short-term debt	798	1,903
Current maturities of long-term debt	1,006	674
Trade payables	5,195	5,535
Payables to brokerage customers	8,919	7,772
Accrued expenses and other payables	3,313	3,730
Current lease liabilities	303	324
Total Current Liabilities	19,534	19,938
Long-Term Liabilities
Long-term debt	6,606	7,580
Deferred income taxes	1,135	1,268
Non-current lease liabilities	1,045	1,057
Other	1,042	997
Total Long-Term Liabilities	9,828	10,902
Commitments and contingencies (See Note 20)
Temporary Equity - Redeemable non-controlling interest	287	253
Shareholders’ Equity
Common stock	3,281	3,223
Reinvested earnings	21,983	21,933
Accumulated other comprehensive income (loss)	(2,531)	(2,988)
Non-controlling interests	7	10
Total Shareholders’ Equity	22,740	22,178
Total Liabilities, Temporary Equity, and Shareholders’ Equity	$ 52,389	$ 53,271