7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-09-30 2017-06-30 2017-03-31 2016-12-31 2016-09-30 2016-06-30 2016-03-31 2015-12-31 2015-09-30 2015-06-30 2015-03-31 2014-12-31 2014-09-30 2014-06-30 2014-03-31 2013-12-31 2013-09-30 2013-06-30 2013-03-31 2012-06-30 2012-03-31 2011-12-31 2011-09-30 
      
    		                                                       
      cash flows from operating activities
    		                                                       
      net earnings including non-controlling interests
    		110,000,000 217,000,000 292,000,000 561,000,000                                                    
      adjustments to reconcile net earnings to net cash from operating activities
    		                                                       
      depreciation and amortization
    		296,000,000 291,000,000 287,000,000 287,000,000 288,000,000 286,000,000 280,000,000 277,000,000 261,000,000 262,000,000 259,000,000 254,000,000 260,000,000 257,000,000 257,000,000 257,000,000 247,000,000 243,000,000 249,000,000 249,000,000 238,000,000 244,000,000 245,000,000 251,000,000 249,000,000 248,000,000 245,000,000 235,000,000 232,000,000 239,000,000 235,000,000 240,000,000 232,000,000 227,000,000 225,000,000 222,000,000 226,000,000 221,000,000 231,000,000 224,000,000 217,000,000 225,000,000 216,000,000 248,000,000 214,000,000 213,000,000 219,000,000 228,000,000 227,000,000 227,000,000 227,000,000 220,000,000 214,000,000 207,000,000 207,000,000 
      asset impairment charges
    		232,000,000    507,000,000 7,000,000 3,000,000 189,000,000 74,000,000 43,000,000 3,000,000 17,000,000 16,000,000 3,000,000 1,000,000 71,000,000 0 23,000,000 31,000,000 4,000,000 3,000,000 3,000,000 44,000,000 92,000,000 6,000,000 35,000,000 9,000,000 109,000,000 0 21,000,000 12,000,000 20,000,000 62,000,000 18,000,000 1,000,000 6,000,000 8,000,000 9,000,000 11,000,000 61,000,000 37,000,000       236,000,000    1,000,000 16,000,000   
      deferred income taxes
    		5,000,000 -17,000,000 -42,000,000 -23,000,000 -15,000,000 -28,000,000 -64,000,000 -40,000,000 9,000,000 -39,000,000 47,000,000 -50,000,000 -24,000,000 -159,000,000 144,000,000 -34,000,000 -58,000,000 -30,000,000 -7,000,000 18,000,000 8,000,000 -15,000,000 64,000,000 13,000,000 -3,000,000 -28,000,000 39,000,000 77,000,000 -32,000,000 -71,000,000 -21,000,000 -687,000,000 55,000,000 -83,000,000 1,000,000 20,000,000 -50,000,000 36,000,000 50,000,000 -12,000,000 -24,000,000 25,000,000 4,000,000 -46,000,000 19,000,000 34,000,000 -66,000,000 157,000,000 69,000,000 -59,000,000 -6,000,000 -3,000,000 20,000,000 7,000,000 21,000,000 
      equity in earnings of unconsolidated affiliates, net of dividends
    		                                                       
      stock compensation expense
    		21,000,000 22,000,000 50,000,000 0 -10,000,000 18,000,000 66,000,000 14,000,000 12,000,000 21,000,000 65,000,000 24,000,000 26,000,000 28,000,000 69,000,000 26,000,000 21,000,000 38,000,000 76,000,000 37,000,000 39,000,000 24,000,000 51,000,000 23,000,000 21,000,000 2,000,000 43,000,000 21,000,000 25,000,000 34,000,000 29,000,000 3,000,000 15,000,000 16,000,000 32,000,000 16,000,000 13,000,000 17,000,000 28,000,000 15,000,000 22,000,000 16,000,000 26,000,000 12,000,000 10,000,000 13,000,000 20,000,000 13,000,000 11,000,000 4,000,000 15,000,000 7,000,000 7,000,000 7,000,000 27,000,000 
      loss on asset sales / investment revaluation
    		                                                       
      other – net
    		94,000,000 -10,000,000 -94,000,000 89,000,000 -112,000,000 85,000,000 69,000,000 -79,000,000 -9,000,000 -10,000,000 -8,000,000 -371,000,000 237,000,000 321,000,000 -9,000,000 153,000,000 63,000,000 -57,000,000 150,000,000 -147,000,000 -198,000,000 -9,000,000 241,000,000 -296,000,000 44,000,000 112,000,000 -8,000,000 25,000,000 24,000,000 -180,000,000 64,000,000 5,000,000 54,000,000 69,000,000 51,000,000 -26,000,000 63,000,000 -32,000,000 29,000,000 -136,000,000 34,000,000 -15,000,000 -35,000,000 79,000,000 22,000,000 -12,000,000 -18,000,000 -16,000,000 -56,000,000 -1,000,000 -85,000,000 143,000,000 -64,000,000 -4,000,000 81,000,000 
      changes in operating assets and liabilities
    		                                                       
      segregated investments
    		-1,148,000,000 1,041,000,000 220,000,000 -436,000,000 4,000,000 -102,000,000 -159,000,000 989,000,000 209,000,000 -457,000,000 -935,000,000 -60,000,000 301,000,000 -1,271,000,000 -482,000,000 -194,000,000 -16,000,000 -56,000,000 666,000,000 261,000,000 -423,000,000 553,000,000 17,000,000 -22,000,000 187,000,000 85,000,000 28,000,000 32,000,000 415,000,000 421,000,000 308,000,000 -8,000,000                        
      trade receivables
    		34,000,000 852,000,000 -655,000,000 -29,000,000 656,000,000 -241,000,000 61,000,000 294,000,000 -403,000,000 358,000,000 488,000,000 -69,000,000 542,000,000 -1,218,000,000 -937,000,000 482,000,000 -350,000,000 -195,000,000 -515,000,000 194,000,000 21,000,000 -113,000,000 -251,000,000 11,000,000 147,000,000 95,000,000 34,000,000 -314,000,000 -32,000,000 155,000,000 -185,000,000 -33,000,000 -172,000,000 109,000,000 169,000,000 303,000,000 14,000,000 -305,000,000 -172,000,000 418,000,000 72,000,000 -127,000,000 550,000,000 -532,000,000 1,853,000,000 -1,329,000,000 433,000,000 204,000,000 189,000,000 49,000,000 -146,000,000 -455,000,000 2,170,000,000   
      inventories
    		1,013,000,000 2,015,000,000 137,000,000 -1,071,000,000 -210,000,000 1,148,000,000 295,000,000 -612,000,000 584,000,000 2,865,000,000 52,000,000 -885,000,000 939,000,000 2,532,000,000 -2,881,000,000 -3,244,000,000 182,000,000 1,361,000,000 -1,138,000,000 -2,796,000,000 -1,069,000,000 1,257,000,000 182,000,000 -1,015,000,000 142,000,000 686,000,000 166,000,000 -352,000,000 -578,000,000 1,756,000,000 -600,000,000 -840,000,000 -426,000,000 907,000,000 222,000,000 -1,707,000,000 770,000,000 -123,000,000 406,000,000 -815,000,000 353,000,000 595,000,000 739,000,000 -1,907,000,000 780,000,000 2,373,000,000 28,000,000 -2,247,000,000 1,161,000,000 2,241,000,000 1,386,000,000 837,000,000 -629,000,000 -1,289,000,000 809,000,000 
      other current assets
    		-149,000,000 -304,000,000 263,000,000 -80,000,000 117,000,000 465,000,000 163,000,000 568,000,000 -456,000,000 254,000,000 328,000,000 650,000,000 664,000,000 548,000,000 -2,141,000,000 111,000,000 407,000,000 367,000,000 413,000,000 -1,659,000,000 591,000,000 -622,000,000 -436,000,000 -1,005,000,000 23,000,000 28,000,000 -495,000,000 650,000,000 -201,000,000 -87,000,000 -432,000,000 -641,000,000 -96,000,000 1,026,000,000 387,000,000 239,000,000 -400,000,000 -143,000,000 128,000,000 613,000,000 -888,000,000 919,000,000 -184,000,000 702,000,000 -1,838,000,000 1,167,000,000 189,000,000 -388,000,000 -381,000,000 915,000,000 81,000,000 -558,000,000 -1,354,000,000   
      trade payables
    		520,000,000 -734,000,000 -423,000,000 699,000,000 -161,000,000 -544,000,000 -713,000,000 1,017,000,000 201,000,000 -1,206,000,000 -1,556,000,000 1,084,000,000 1,015,000,000 -465,000,000 -245,000,000 1,749,000,000 1,193,000,000 -582,000,000 -441,000,000 1,083,000,000 430,000,000 -559,000,000 -260,000,000 744,000,000 -66,000,000 -482,000,000 -260,000,000 476,000,000 489,000,000 -698,000,000 -567,000,000 440,000,000 498,000,000 -548,000,000 -209,000,000 715,000,000 156,000,000 -183,000,000 -527,000,000 424,000,000 28,000,000 -155,000,000 -1,071,000,000 1,213,000,000 295,000,000 -751,000,000 -851,000,000 1,863,000,000 -95,000,000 -507,000,000 -1,552,000,000 -591,000,000 -1,071,000,000   
      payables to brokerage customers
    		1,090,000,000 787,000,000 -79,000,000 171,000,000 141,000,000 -709,000,000 319,000,000 -479,000,000 -367,000,000 -753,000,000 -460,000,000 -815,000,000 -814,000,000 19,000,000 2,501,000,000 291,000,000 887,000,000 788,000,000 561,000,000 340,000,000 179,000,000 70,000,000 811,000,000 84,000,000 192,000,000 98,000,000 -27,000,000 124,000,000 231,000,000 -232,000,000 -432,000,000 -167,000,000 1,000,000 -398,000,000 303,000,000 -268,000,000 -145,000,000 283,000,000 217,000,000 60,000,000 498,000,000 -607,000,000 73,000,000 207,000,000 484,000,000 239,000,000 237,000,000         
      accrued expenses and other payables
    		-405,000,000 -153,000,000 -244,000,000 127,000,000 104,000,000 -359,000,000 -148,000,000 -131,000,000 -90,000,000 268,000,000 -837,000,000 -128,000,000 -63,000,000 -1,216,000,000 1,363,000,000 696,000,000 -345,000,000 26,000,000 -450,000,000 873,000,000 654,000,000 -728,000,000 488,000,000 771,000,000 -134,000,000 97,000,000 -169,000,000 -61,000,000 -287,000,000 152,000,000 231,000,000 1,010,000,000 55,000,000 -1,000,000,000 -541,000,000 182,000,000 293,000,000 -111,000,000 -469,000,000 -62,000,000 784,000,000 -895,000,000 -770,000,000 240,000,000 1,378,000,000 -1,040,000,000 -375,000,000 -191,000,000 1,129,000,000 -1,156,000,000 469,000,000 505,000,000 -334,000,000   
      net cash from operating activities
    		1,809,000,000 4,298,000,000 -342,000,000 322,000,000                                                    
      cash flows from investing activities
    		                                                       
      capital expenditures
    		-296,000,000 -305,000,000 -291,000,000 -492,000,000 -381,000,000 -362,000,000 -328,000,000 -439,000,000 -441,000,000 -287,000,000 -327,000,000 -478,000,000                                            
      free cash flows
    		1,513,000,000 3,993,000,000 -633,000,000 -170,000,000                                                    
      net assets of businesses acquired
    		-13,000,000 -5,000,000 -90,000,000 9,000,000 0 -21,000,000 -915,000,000 -12,000,000        -1,063,000,000 -496,000,000   -12,000,000 0 5,000,000 -8,000,000 0 -2,000,000 -68,000,000 -1,876,000,000 -140,000,000    0 -7,000,000 -90,000,000 -90,000,000 6,000,000 -16,000,000 -36,000,000 -84,000,000 -396,000,000 -14,000,000   -2,755,000,000    -9,000,000 -19,000,000 0 -16,000,000 -2,000,000 -33,000,000 -194,000,000 -12,000,000 
      proceeds from sales of assets
    		37,000,000 31,000,000 10,000,000  15,000,000 10,000,000 6,000,000                                                 
      purchases of marketable securities
    		0 0 -11,000,000                 0 1,000,000   -1,000,000 -24,000,000       -39,000,000 -181,000,000 -170,000,000 -148,000,000 -274,000,000 -325,000,000 -376,000,000 -426,000,000 -263,000,000 -276,000,000 -299,000,000 -246,000,000 -459,000,000 -244,000,000 -279,000,000 -362,000,000 -361,000,000 -187,000,000 -228,000,000 -115,000,000 -167,000,000 -241,000,000 -708,000,000 -181,000,000 
      proceeds from sales of marketable securities
    		9,000,000 19,000,000 248,000,000                1,000,000 5,000,000   5,000,000 37,000,000 0 17,000,000 50,000,000     413,000,000 148,000,000 204,000,000 220,000,000 497,000,000 297,000,000 489,000,000 376,000,000 176,000,000 208,000,000 389,000,000 346,000,000 288,000,000 260,000,000 370,000,000 321,000,000 169,000,000 159,000,000 161,000,000 506,000,000 419,000,000 442,000,000 603,000,000 481,000,000 
      net cash from investing activities
    		-253,000,000 -262,000,000 -129,000,000                                                     
      cash flows from financing activities
    		                                                       
      long-term debt payments
    		       0 -301,000,000 -660,000,000 -2,000,000 0    -1,000,000 -531,000,000   -104,000,000 -1,507,000,000 -524,000,000 -1,000,000 -11,000,000 -4,000,000 -607,000,000 -4,000,000 -17,000,000 -7,000,000 -5,000,000 -1,000,000 5,000,000 -571,000,000 -267,000,000 -2,000,000 -5,000,000 -1,000,000 -4,000,000 -4,000,000 -29,000,000 -937,000,000 -21,000,000 -7,000,000 -84,000,000 -5,000,000 -8,000,000 -1,154,000,000 -10,000,000 -5,000,000 -10,000,000 -250,000,000 -134,000,000 -51,000,000 -88,000,000 -85,000,000 
      net (repayments) borrowings under lines of credit agreements
    		-609,000,000                                                       
      share repurchases, net of tax
    		                                                       
      cash dividends
    		-248,000,000 -248,000,000 -247,000,000 -241,000,000 -241,000,000 -246,000,000 -257,000,000 -239,000,000 -244,000,000 -246,000,000 -248,000,000 -222,000,000 -224,000,000 -227,000,000 -226,000,000 -208,000,000 -209,000,000 -209,000,000 -208,000,000 -202,000,000 -202,000,000 -202,000,000 -203,000,000 -197,000,000 -197,000,000 -197,000,000 -198,000,000 -190,000,000 -189,000,000 -189,000,000 -190,000,000 -186,000,000 -180,000,000 -181,000,000 -183,000,000 -173,000,000 -175,000,000 -176,000,000 -177,000,000 -167,000,000 -170,000,000 -173,000,000 -177,000,000 -154,000,000 -155,000,000 -157,000,000 -158,000,000 -125,000,000 -126,000,000 -125,000,000 -125,000,000 -116,000,000 -115,000,000 -117,000,000 -107,000,000 
      acquisition of non-controlling interest
    		0                                                       
      net cash from financing activities
    		-1,618,000,000 -2,166,000,000 587,000,000                                                     
      effect of exchange rate on cash, cash equivalents, restricted cash, and restricted cash equivalents
    		-7,000,000 18,000,000 16,000,000 -30,000,000 20,000,000 -1,000,000 -13,000,000 19,000,000 -19,000,000 3,000,000 -6,000,000                                             
      increase in cash, cash equivalents, restricted cash, and restricted cash equivalents
    		-69,000,000 1,888,000,000 132,000,000   -574,000,000 -545,000,000 349,000,000 -146,000,000 -500,000,000 -1,346,000,000 -457,000,000 -133,000,000 -1,601,000,000 1,770,000,000 -204,000,000 975,000,000 831,000,000 1,206,000,000 387,000,000 -240,000,000 -3,031,000,000 4,540,000,000 -35,000,000 276,000,000 147,000,000 -1,241,000,000 1,194,000,000 598,000,000 310,000,000 -117,000,000 64,000,000 424,000,000 -39,000,000 -152,000,000                     
      cash, cash equivalents, restricted cash, and restricted cash equivalents - beginning of period
    		0 0 3,924,000,000  0 0 5,390,000,000  0 0 7,033,000,000  0 0 7,454,000,000  0 0 4,646,000,000  0 0 2,990,000,000  0 0 3,843,000,000  0 0 1,858,000,000  873,000,000 0 688,000,000                     
      cash, cash equivalents, restricted cash, and restricted cash equivalents - end of period
    		-69,000,000 1,888,000,000 4,056,000,000  126,000,000 -574,000,000 4,845,000,000  -146,000,000 -500,000,000 5,687,000,000  -133,000,000 -1,601,000,000 9,224,000,000  975,000,000 831,000,000 5,852,000,000  -240,000,000 -3,031,000,000 7,530,000,000  276,000,000 147,000,000 2,602,000,000  598,000,000 310,000,000 1,741,000,000  1,297,000,000 -39,000,000 536,000,000                     
      balance, june 30, 2025
    		0                                                       
      comprehensive income
    		                                                       
      net earnings
    		                                                       
      other comprehensive income
    		                                                       
      cash dividends paid - 0.51 per share
    		                                                       
      share repurchases
    		     -1,000,000,000 -1,327,000,000 -1,555,000,000 -117,000,000 -650,000,000 -351,000,000 -250,000,000 -1,000,000,000       -16,000,000 -5,000,000 0 -112,000,000 0 -56,000,000       -74,000,000 -165,000,000 -263,000,000 -248,000,000                     
      stock option exercises, net of taxes
    		                                                       
      other
    		                                                       
      balance, september 30, 2025
    		                                                       
      balance, december 31, 2024
    		0                                                       
      cash dividends paid - 1.53 per share
    		                                                       
      balance, june 30, 2024
    		                                                       
      cash dividends paid - 0.50 per share
    		                                                       
      balance, september 30, 2024
    		                                                       
      balance, december 31, 2023
    		                                                       
      other comprehensive loss
    		                                                       
      cash dividends paid - 1.50 per share
    		                                                       
      equity in earnings of affiliates, net of dividends
    		 10,000,000 -28,000,000 -29,000,000 -30,000,000 15,000,000 -136,000,000 -79,000,000 16,000,000 33,000,000 -113,000,000 -178,000,000 -117,000,000 -3,000,000 -159,000,000 -141,000,000 -13,000,000 58,000,000 -81,000,000 -133,000,000 -72,000,000 22,000,000 -115,000,000 -121,000,000 -32,000,000 -56,000,000 -4,000,000 -100,000,000 -63,000,000 21,000,000 -105,000,000 -79,000,000 29,000,000 -20,000,000 -140,000,000 -86,000,000 55,000,000 14,000,000 -44,000,000 14,000,000 5,000,000 -2,000,000 -67,000,000 -105,000,000 17,000,000 -27,000,000 -100,000,000 -133,000,000 -26,000,000 -47,000,000 -79,000,000 -35,000,000 -102,000,000 -49,000,000 -57,000,000 
      loss on sales / investment revaluation
    		                                                       
      balance march 31, 2025
    		                                                       
      balance june 30, 2025
    		                                                       
      cash dividends paid - 1.02 per share
    		                                                       
      balance march 31, 2024
    		                                                       
      balance june 30, 2024
    		                                                       
      balance, balance december 31, 2023
    		                                                       
      cash dividends paid - 1.00 per share
    		                                                       
      (gain) loss on sales / investment revaluation
    		  -26,000,000                                                     
      net borrowings under lines of credit agreements
    		  863,000,000                                                     
      impairment of goodwill, intangibles, long-lived assets, and investments
    		                                                       
      deferred cash flow hedges
    		   75,000,000 3,000,000 -49,000,000 -69,000,000 28,000,000 128,000,000 -37,000,000 -104,000,000 -329,000,000 39,000,000 -77,000,000 283,000,000 -224,000,000 75,000,000 81,000,000 102,000,000 143,000,000 112,000,000 81,000,000 -82,000,000  -2,000,000 14,000,000 -77,000,000  79,000,000 -65,000,000 -25,000,000  -27,000,000 36,000,000 3,000,000  -54,000,000 34,000,000 10,000,000  -46,000,000 38,000,000 -56,000,000  59,000,000 70,000,000 -97,000,000  15,000,000 -9,000,000 12,000,000 76,000,000 -43,000,000 1,000,000 9,000,000 
      (gain) loss on sales of assets and businesses/investment revaluation
    		                                                       
      changes in operating assets and liabilities, net of acquisitions and dispositions
    		                                                       
      proceeds from sales of assets, businesses and investments
    		                                                       
      investments in affiliates
    		   -14,000,000 -36,000,000 -4,000,000 -4,000,000 -10,000,000 -2,000,000 -2,000,000 -4,000,000 -17,000,000                                            
      cost method investments
    		        0                                               
      long-term debt borrowings
    		       1,000,000 0   0 1,000,000 1,000,000 750,000,000 -1,000,000 735,000,000 2,000,000 593,000,000 1,000,000 312,000,000 -3,000,000 1,481,000,000 5,000,000 1,000,000   1,000,000,000    23,000,000 492,000,000   5,000,000    6,000,000 2,000,000 1,236,000,000 8,000,000 0 0 0 1,000,000 0 3,000,000 3,000,000 17,000,000 2,000,000 4,000,000 89,000,000 2,000,000 
      net change in short-term debt
    		                                                       
      acquisition of non-controlling interests
    		                                                       
      net increase in cash, cash equivalents, restricted cash, and restricted cash equivalents
    		                                                       
      cash, cash equivalents, restricted cash, and restricted cash equivalents – beginning of year
    		                                                       
      cash, cash equivalents, restricted cash, and restricted cash equivalents – end of year
    		                                                       
      reconciliation of cash, cash equivalents, restricted cash, and restricted cash equivalents to the consolidated balance sheets
    		                                                       
      cash and cash equivalents
    		   -173,000,000 20,000,000 -66,000,000 830,000,000 -130,000,000 72,000,000 527,000,000 899,000,000 -62,000,000 193,000,000 -173,000,000 1,079,000,000 -140,000,000 214,000,000 175,000,000 694,000,000 -282,000,000 -255,000,000 -3,531,000,000 4,734,000,000 -80,000,000 83,000,000 -77,000,000 926,000,000 1,082,000,000 64,000,000 54,000,000 797,000,000 286,000,000 85,000,000 -43,000,000 476,000,000                     
      restricted cash and restricted cash equivalents included in segregated cash and investments
    		   -300,000,000 106,000,000 -508,000,000 4,015,000,000 479,000,000 -218,000,000 -1,027,000,000 4,788,000,000 -395,000,000 -326,000,000 -1,428,000,000 8,145,000,000 -64,000,000 761,000,000 656,000,000 5,158,000,000 669,000,000 15,000,000 500,000,000 2,796,000,000 45,000,000 193,000,000 224,000,000 1,676,000,000 112,000,000 534,000,000 256,000,000 944,000,000 -222,000,000 1,212,000,000 4,000,000 60,000,000                     
      total cash, cash equivalents, restricted cash, and restricted cash equivalents
    		   -473,000,000 126,000,000 -574,000,000 4,845,000,000 349,000,000 -146,000,000 -500,000,000 5,687,000,000 -457,000,000 -133,000,000 -1,601,000,000 9,224,000,000 -204,000,000 975,000,000 831,000,000 5,852,000,000 387,000,000 -240,000,000 -3,031,000,000 7,530,000,000 -35,000,000 276,000,000 147,000,000 2,602,000,000 1,194,000,000 598,000,000 310,000,000 1,741,000,000 64,000,000 1,297,000,000 -39,000,000 536,000,000                     
      cash paid for interest and income taxes were as follows:
    		                                                       
      interest
    		                                                       
      income taxes
    		                                                       
      balance, december 31, 2021
    		                                                       
      other comprehensive (loss), net of tax
    		                                                       
      cash dividends paid-1.60 per share
    		                                                       
      balance, december 31, 2022
    		                                                       
      other comprehensive income, net of tax
    		                                                       
      cash dividends paid-1.80 per share
    		                                                       
      cash dividends paid-2.00 per share
    		                                                       
      operating activities
    		                                                       
      gain on sales/revaluation of assets
    		                                                       
      investing activities
    		                                                       
      net cash used by investing activities
    		                                                       
      financing activities
    		                                                       
      net borrowings (payments) under lines of credit agreements
    		    -581,000,000 589,000,000 1,619,000,000 -11,000,000 -8,000,000 -1,677,000,000 1,306,000,000 323,000,000    641,000,000 -974,000,000 -1,481,000,000 729,000,000 1,830,000,000 -326,000,000 -2,855,000,000 2,188,000,000 -41,000,000 -453,000,000 104,000,000 1,309,000,000 -426,000,000 -513,000,000 -1,278,000,000 1,474,000,000 127,000,000 363,000,000 -68,000,000 263,000,000 -46,000,000 -1,347,000,000 757,000,000 697,000,000 -852,000,000 784,000,000 -692,000,000 742,000,000 -280,000,000 -49,000,000 -66,000,000 -63,000,000 28,000,000 -702,000,000 -1,346,000,000 -441,000,000  1,112,000,000 -413,000,000 -663,000,000 
      net cash used by financing activities
    		                                                       
      decrease in cash, cash equivalents, restricted cash, and restricted cash equivalents
    		                                                       
      net earnings including noncontrolling interests
    		     481,000,000 719,000,000 542,000,000 824,000,000 928,000,000 1,172,000,000 1,024,000,000 1,037,000,000 1,240,000,000 1,064,000,000 797,000,000 533,000,000 712,000,000 693,000,000 693,000,000 226,000,000 472,000,000 391,000,000 499,000,000 408,000,000 238,000,000 234,000,000 317,000,000 536,000,000 566,000,000 396,000,000 792,000,000 195,000,000 275,000,000 340,000,000 426,000,000 344,000,000 288,000,000 230,000,000 717,000,000 253,000,000 383,000,000 493,000,000 705,000,000 748,000,000 532,000,000 268,000,000 377,000,000 481,000,000 226,000,000 270,000,000 293,000,000 405,000,000 83,000,000 461,000,000 
      (gain) losses on sales/revaluation of assets
    		     -5,000,000 14,000,000                                                 
      total operating activities
    		     468,000,000 700,000,000 2,569,000,000 992,000,000 2,509,000,000 -1,610,000,000 130,000,000 4,023,000,000 531,000,000 -1,206,000,000 742,000,000 2,846,000,000 2,709,000,000 298,000,000 -870,000,000 -1,080,000,000 219,000,000 -655,000,000 -1,813,000,000 -926,000,000 -678,000,000 -2,035,000,000 -1,104,000,000 -501,000,000 395,000,000 -3,574,000,000 56,000,000 841,000,000 905,000,000 409,000,000 319,000,000 1,522,000,000 -389,000,000 23,000,000 1,383,000,000 691,000,000 362,000,000 45,000,000 538,000,000 3,441,000,000 1,341,000,000 -358,000,000 357,000,000 2,521,000,000 1,991,000,000 357,000,000 637,000,000 -783,000,000 954,000,000 2,087,000,000 
      distributions from affiliates
    		                0 0 5,000,000                  0 4,000,000 7,000,000  1,000,000 0 1,000,000  7,000,000 3,000,000 78,000,000  14,000,000       
      total investing activities
    		     -382,000,000 -1,230,000,000 -435,000,000 -450,000,000 -283,000,000 -328,000,000 -452,000,000 -301,000,000 -305,000,000 -342,000,000 -1,382,000,000 -893,000,000 -225,000,000 -169,000,000 -263,000,000 2,555,000,000 320,000,000 1,853,000,000 2,008,000,000 1,905,000,000 1,617,000,000 -271,000,000 2,007,000,000 1,027,000,000 1,368,000,000 2,180,000,000 47,000,000 -367,000,000 -185,000,000 -381,000,000 20,000,000 -418,000,000 -365,000,000 -448,000,000 286,000,000 100,000,000 -146,000,000 -261,000,000 -2,987,000,000 -163,000,000 -112,000,000 -145,000,000 -403,000,000 -232,000,000 -111,000,000 169,000,000 -25,000,000 -163,000,000 -685,000,000 -249,000,000 
      total financing activities
    		     -659,000,000 -2,000,000 -1,804,000,000 -669,000,000 -2,729,000,000 598,000,000 -135,000,000 -3,855,000,000 -1,827,000,000 3,318,000,000 436,000,000 -978,000,000 -1,653,000,000 1,077,000,000 1,520,000,000 -1,715,000,000 -3,570,000,000 3,342,000,000 -230,000,000 -703,000,000 -792,000,000 1,065,000,000 291,000,000 72,000,000 -1,453,000,000 1,277,000,000 -39,000,000 -50,000,000 -759,000,000 -180,000,000 -445,000,000 -737,000,000 382,000,000 221,000,000 -1,479,000,000 -938,000,000 -239,000,000 7,000,000 -991,000,000 -369,000,000 -682,000,000 -1,535,000,000 -85,000,000 -885,000,000 -1,480,000,000 -792,000,000 -139,000,000 900,000,000 -725,000,000 -1,133,000,000 
      adjustments to reconcile net earnings to net cash from operating results
    		                                                       
      loss on debt extinguishment
    		               0    -1,000,000 396,000,000                                   
      proceeds from sales of assets and businesses
    		       39,000,000 4,000,000 4,000,000 13,000,000 80,000,000 39,000,000 7,000,000 5,000,000 172,000,000 15,000,000 44,000,000 14,000,000 20,000,000                                    
      gains on sales of assets and businesses/investment revaluation
    		        -1,000,000 -21,000,000 -11,000,000  -35,000,000 -8,000,000 -34,000,000  -16,000,000                                       
      deferred consideration in securitized receivables
    		                   0 -2,147,000,000 -411,000,000 -2,045,000,000 -1,967,000,000 -2,101,000,000 -1,835,000,000 -1,778,000,000 -2,425,000,000 -1,306,000,000 -1,657,000,000 -2,450,000,000                         
      investments in retained interest in securitized receivables
    		                   0 0 -850,000,000 -1,271,000,000 -1,585,000,000 -1,223,000,000 -1,277,000,000 -1,313,000,000 -3,566,000,000 -1,207,000,000 -886,000,000 -1,298,000,000                         
      proceeds from retained interest in securitized receivables
    		                   0 2,147,000,000 1,261,000,000 3,316,000,000 3,552,000,000 3,324,000,000 3,112,000,000 3,091,000,000 5,991,000,000 2,592,000,000 2,556,000,000 3,656,000,000                         
      supplemental disclosure of noncash investing activity:
    		                                                       
      retained interest in securitized receivables
    		                   0 1,273,000,000 1,278,000,000 2,105,000,000 2,094,000,000 1,995,000,000 1,831,000,000 1,831,000,000 2,299,000,000 1,620,000,000 1,610,000,000 2,368,000,000                         
      purchases of property, plant, and equipment
    		             -283,000,000 -217,000,000  -287,000,000 -253,000,000 -174,000,000 -265,000,000 -198,000,000 -166,000,000 -194,000,000 -262,000,000 -183,000,000 -185,000,000 -198,000,000 -287,000,000 -176,000,000 -183,000,000 -196,000,000 -353,000,000 -244,000,000 -252,000,000 -200,000,000 -261,000,000 -225,000,000 -216,000,000 -180,000,000 -306,000,000 -279,000,000 -296,000,000 -244,000,000 -289,000,000 -207,000,000 -210,000,000 -188,000,000 -254,000,000 -217,000,000 -194,000,000 -248,000,000 -284,000,000 -341,000,000 -409,000,000 -443,000,000 
      investments in and advances to affiliates
    		             -22,000,000 -36,000,000 -27,000,000 1,000,000 -4,000,000 -4,000,000 0 0 -2,000,000 -3,000,000 -1,000,000 -2,000,000 -1,000,000 -9,000,000 -30,000,000 5,000,000   1,000,000 -95,000,000 -1,000,000 -185,000,000 -34,000,000 -164,000,000    -1,000,000               
      net borrowings (payments) under short-term credit agreements
    		             -1,410,000,000 2,824,000,000                                         
      gains on sales of assets and businesses
    		                  -11,000,000  -68,000,000    -7,000,000 -15,000,000 -15,000,000  -33,000,000                           
      (gain) loss on sales of assets and businesses
    		                                                       
      proceeds from sales of business and assets
    		                     84,000,000 7,000,000  20,000,000 5,000,000 18,000,000  151,000,000 12,000,000 14,000,000  23,000,000 124,000,000 25,000,000  8,000,000                   
      pension and postretirement accruals (contributions)
    		                              -26,000,000    11,000,000 -76,000,000 -86,000,000 12,000,000 15,000,000 42,000,000 -170,000,000 20,000,000 -4,000,000 7,000,000 3,000,000 1,000,000 2,000,000 3,000,000 -5,000,000       
      gain on sale or revaluation of assets
    		                                                       
      proceeds from sale of business and assets
    		                                                       
      gain on sale and revaluation of assets
    		                                                       
      debt repurchase premium and costs
    		                                                       
      gains on sales of assets and businesses/revaluation
    		                              -6,000,000  -15,000,000                       
      segregated cash and investments
    		                                 317,000,000 -430,000,000 356,000,000 311,000,000 -288,000,000 -117,000,000 0 -449,000,000 15,000,000 131,000,000 -140,000,000 -406,000,000 -142,000,000 -247,000,000 38,000,000 -221,000,000 104,000,000 -243,000,000 273,000,000 -84,000,000 -74,000,000 13,000,000 
      gains on sales of assets/revaluations
    		                                  -16,000,000  4,000,000                   
      adjustments to reconcile net earnings to net cash
    		                                                       
      provided by operating activities
    		                                                       
      cash divested from deconsolidation
    		                                                   0 0 0 -130,000,000 
      purchases of treasury stock
    		                                   -246,000,000 -267,000,000 -191,000,000 -296,000,000 -252,000,000 -624,000,000 -598,000,000 -566,000,000 -481,000,000 -209,000,000 -318,000,000 -175,000,000 -6,000,000 -84,000,000   -44,000,000 -56,000,000 -187,000,000 -240,000,000 
      acquisition of noncontrolling interest
    		                                            0        0 -10,000,000 -9,000,000 
      increase in cash and cash equivalents
    		                                    367,000,000 -372,000,000 -204,000,000 190,000,000 -147,000,000 -23,000,000 -209,000,000 -3,440,000,000 2,909,000,000   -131,000,000 1,404,000,000 400,000,000 -266,000,000 473,000,000 -46,000,000 -456,000,000 705,000,000 
      cash and cash equivalents beginning of period
    		                                    0 0 910,000,000  0 0 1,099,000,000  0 0 3,121,000,000  0 0 1,714,000,000  0 0 615,000,000 
      cash and cash equivalents end of period
    		                                    367,000,000 -372,000,000 706,000,000  -147,000,000 -23,000,000 890,000,000  2,909,000,000 547,000,000 1,083,000,000  1,404,000,000 400,000,000 1,448,000,000  -46,000,000 -456,000,000 1,320,000,000 
      gain on sale of assets
    		                                      -3,000,000                 
      proceeds from sales of property, plant, and equipment
    		                                      11,000,000    6,000,000  10,000,000 13,000,000 6,000,000  10,000,000 16,000,000 10,000,000 9,000,000 15,000,000 21,000,000 3,000,000 
      acquisition of noncontrolling interests
    		                                                       
      cash and cash equivalents – beginning of year
    		                                                       
      cash and cash equivalents – end of year
    		                                                       
      gains on sales of assets and revaluation
    		                                        -35,000,000               
      proceeds from sales of assets and business
    		                                        459,000,000               
      gain on sale of assets and equity dilution
    		                                                       
      gains on sales of assets and equity dilution
    		                                                       
      changes in operating assets and liabilities, net of businesses acquired
    		                                                       
      decrease in cash and cash equivalents
    		                                              -2,038,000,000         
      proceeds from sale of assets
    		                                                       
      shares issued related to equity unit conversion
    		                                                       
      debt exchange premiums
    		                                                    0 0 -32,000,000 
      adjustments to reconcile net earnings to net cash provided by
    		                                                       
      (used in) operating activities
    		                                                       
      pension and postretirement accruals
    		                                                  8,000,000  66,000,000 26,000,000 33,000,000 
      asset impairment charge
    		                                                       
      cash and cash equivalents – beginning of period
    		                                                       
      cash and cash equivalents – end of period
    		                                                       
      gain on golden peanut revaluation
    		                                                       
      charges from early extinguishment of debt
    		                                                       
      receivables
    		                                                      -874,000,000 
      other assets
    		                                                      233,000,000 
      accounts payable and accrued expenses
    		                                                      1,124,000,000 
      equity in (earnings) losses of affiliates, net of dividends
    		                                                       
      charges on early extinguishment of debt
    		                                                       
      proceeds from sale of businesses
    		                                                       
      net borrowings (payments) under line of credit agreements
    		                                                       
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.