Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Mar. 31, 2012	Dec. 31, 2011
ASSETS
Cash and cash equivalents	$ 205,291	$ 168,490
Investments	125,480	150,135
Trade, notes and other receivables, net	332,170	369,123
Inventory	355,736	354,578
Current deferred tax asset	44,046	144,281
Prepaids and other current assets	62,707	66,872
Total current assets	1,125,430	1,253,479
Non-current investments ($416,771 and $432,768 collateralizing repurchase agreements)	1,759,427	2,226,875
Intangible assets, net and goodwill	865,864	876,589
Deferred tax asset, net	1,411,758	1,440,605
Other assets	404,144	420,157
Property, equipment and leasehold improvements, net	1,043,313	1,053,689
Investments in associated companies ($1,566,553 and $1,198,029 measured using fair value option)	2,376,701	1,991,795
Total	8,986,637	9,263,189
LIABILITIES
Trade payables and expense accruals	315,333	386,544
Other current liabilities	44,116	42,976
Securities sold under agreements to repurchase	403,461	417,479
Debt due within one year	39,257	30,133
Total current liabilities	802,167	877,132
Other non-current liabilities	96,378	96,316
Long-term debt	1,425,187	1,875,571
Total liabilities	2,323,732	2,849,019
Commitments and contingencies
Redeemable noncontrolling interests in subsidiary	232,709	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	1,573,932	1,570,684
Accumulated other comprehensive income	671,579	912,421
Retained earnings	3,937,585	3,446,708
Total Leucadia National Corporation shareholders' equity	6,427,679	6,174,396
Noncontrolling interest	2,517	3,865
Total equity	6,430,196	6,178,261
Total	$ 8,986,637	$ 9,263,189