CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Millions	Jun. 30, 2026	Dec. 31, 2025
Current Assets
Cash and cash equivalents	$ 1,060	$ 1,015
Short-term marketable securities	33	32
Segregated cash and investments	8,516	8,432
Trade receivables, net	3,348	3,021
Inventories	10,586	10,369
Other current assets	4,256	3,796
Total Current Assets	27,799	26,665
Non-Current Assets
Investments in affiliates	5,901	5,560
Goodwill	4,653	4,769
Intangible assets	1,845	1,976
Right of use assets	1,303	1,322
Other non-current assets	1,047	918
Property, plant, and equipment, net	10,979	11,179
Total Non-Current Assets	25,728	25,724
Total Assets	53,527	52,389
Current Liabilities
Short-term debt	407	798
Current maturities of long-term debt	1,153	1,006
Trade payables	4,990	5,195
Payables to brokerage customers	9,175	8,919
Accrued expenses and other payables	3,982	3,313
Current lease liabilities	305	303
Total Current Liabilities	20,012	19,534
Long-Term Liabilities
Long-term debt	6,451	6,606
Deferred income taxes	1,104	1,135
Non-current lease liabilities	1,026	1,045
Other	1,062	1,042
Total Long-Term Liabilities	9,643	9,828
Commitments and contingencies (See Note 16)
Temporary Equity - Redeemable non-controlling interest	292	287
Shareholders’ Equity
Common stock	3,369	3,281
Reinvested earnings	22,671	21,983
Accumulated other comprehensive income (loss)	(2,467)	(2,531)
Non-controlling interests	7	7
Total Shareholders’ Equity	23,580	22,740
Total Liabilities, Temporary Equity, and Shareholders’ Equity	$ 53,527	$ 52,389