Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012	Dec. 31, 2011
ASSETS
Cash and cash equivalents	$ 186,665	$ 168,490
Investments	193,742	150,135
Trade, notes and other receivables, net	407,285	369,123
Inventory	340,437	354,578
Current deferred tax asset	78,276	144,281
Prepaids and other current assets	79,236	66,872
Total current assets	1,285,641	1,253,479
Non-current investments ($385,492 and $432,768 collateralizing repurchase agreements)	1,542,199	2,226,875
Intangible assets, net and goodwill	852,435	876,589
Deferred tax asset, net	1,550,212	1,440,605
Other assets	395,341	420,157
Property, equipment and leasehold improvements, net	1,013,283	1,053,689
Investments in associated companies ($1,197,407 and $1,198,029 measured using fair value option)	1,964,167	1,991,795
Total	8,603,278	9,263,189
LIABILITIES
Trade payables and expense accruals	345,696	386,544
Other current liabilities	37,588	42,976
Securities sold under agreements to repurchase	371,320	417,479
Debt due within one year	39,777	30,133
Total current liabilities	794,381	877,132
Other non-current liabilities	96,367	96,316
Long-term debt	1,370,845	1,875,571
Total liabilities	2,261,593	2,849,019
Commitments and contingencies
Redeemable noncontrolling interests in subsidiary	246,546	235,909
EQUITY
Common shares, par value $1 per share, authorized 600,000,000 shares; 244,582,588 shares issued and outstanding, after deducting 47,006,711 shares held in treasury	244,583	244,583
Additional paid-in capital	1,565,645	1,570,684
Accumulated other comprehensive income	541,721	912,421
Retained earnings	3,740,334	3,446,708
Total Leucadia National Corporation shareholders' equity	6,092,283	6,174,396
Noncontrolling interest	2,856	3,865
Total equity	6,095,139	6,178,261
Total	$ 8,603,278	$ 9,263,189