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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current Assets    
Cash and cash equivalents $ 169,897 $ 169,319
Restricted cash 31,994 20,467
Investments in marketable equity securities and other investments 697,028 622,408
Accounts receivable, net 525,087 531,941
Inventories and contracts in progress 297,211 226,811
Prepaid expenses 119,933 97,450
Income taxes receivable 6,848 9,313
Other current assets 1,298 1,547
Total Current Assets 1,849,296 1,679,256
Property, Plant and Equipment, Net 560,314 503,000
Lease Right-of-Use Assets 409,183 429,403
Investments in Affiliates 186,480 186,419
Goodwill, Net 1,525,194 1,560,953
Indefinite-Lived Intangible Assets 187,862 178,934
Amortized Intangible Assets, Net 112,194 161,422
Prepaid Pension Cost 2,113,638 1,658,046
Deferred Income Taxes 10,578 6,812
Deferred Charges and Other Assets (includes $0 and $646 of restricted cash) 232,991 189,132
Total Assets 7,187,730 6,553,377
Current Liabilities    
Accounts payable, vehicle floor plan payable and accrued liabilities 694,521 574,287
Deferred revenue 396,754 341,296
Income taxes payable 7,406 3,766
Current portion of lease liabilities 64,247 70,007
Current portion of long-term debt 66,751 155,813
Total Current Liabilities 1,229,679 1,145,169
Accrued Compensation and Related Benefits 137,275 134,921
Other Liabilities 32,076 37,506
Deferred Income Taxes 600,124 466,275
Mandatorily Redeemable Noncontrolling Interest 40,764 30,845
Lease Liabilities 376,677 393,626
Long-Term Debt 745,082 570,547
Total Liabilities 3,161,677 2,778,889
Commitments and Contingencies (Note 18)
Redeemable Noncontrolling Interests 24,185 21,827
Preferred Stock, $1 par value; 977,000 shares authorized, none issued 0 0
Common Stockholders’ Equity    
Capital in excess of par value 372,040 390,438
Retained earnings 7,337,463 7,163,128
Accumulated other comprehensive income, net of taxes    
Cumulative foreign currency translation adjustment (32,711) (54,638)
Unrealized gain on pensions and other postretirement plans 649,185 388,591
Cash flow hedges (2,137) 2,198
Cost of 15,521,190 and 15,213,398 shares of Class B common stock held in treasury (4,368,103) (4,178,334)
Total Common Stockholders’ Equity 3,975,737 3,731,383
Noncontrolling Interests 26,131 21,278
Total Equity 4,001,868 3,752,661
Total Liabilities and Equity 7,187,730 6,553,377
Class A Common Stock [Member]    
Common Stockholders’ Equity    
Common stock 964 964
Class B Common Stock [Member]    
Common Stockholders’ Equity    
Common stock $ 19,036 $ 19,036