v3.25.4
Consolidated Statements of Financial Position - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 5,392 $ 6,400
Restricted cash 84 84
Trade accounts receivable and other (including 272 and 322 from related parties at December 31, 2025 and 2024, respectively) 3,476 3,375
Inventories 18,589 16,501
Prepaid expenses and other current assets 3,027 3,022
Assets held for sale 37 0
Total current assets 30,605 29,382
Non-current assets:    
Goodwill and intangible assets 5,252 4,453
Property, plant and equipment and biological assets 41,041 33,311
Investments in associates and joint ventures 10,393 11,420
Other investments 353 299
Deferred tax assets 8,860 8,942
Other assets 1,199 1,578
Total non-current assets 67,098 60,003
Total assets 97,703 89,385
Current liabilities:    
Short-term debt and current portion of long-term debt 2,739 2,748
Trade accounts payable and other (including 352 and 291 to related parties at December 31, 2025 and 2024, respectively) 13,008 12,921
Short-term provisions 1,039 938
Accrued expenses and other liabilities 5,168 4,738
Income tax liabilities 547 480
Liabilities held for sale 19 0
Total current liabilities 22,520 21,825
Non-current liabilities:    
Long-term debt, net of current portion 10,671 8,815
Deferred tax liabilities 2,294 2,338
Deferred employee benefits 2,526 2,338
Long-term provisions 1,616 1,361
Other long-term obligations 1,540 1,422
Total non-current liabilities 18,647 16,274
Total liabilities 41,167 38,099
Equity:    
Common shares (no par value, 1,033,608,827 and 1,111,418,599 shares authorized, 775,000,000 and 852,809,772 shares issued, and 761,125,819 and 768,546,622 shares outstanding at December 31, 2025 and 2024, respectively) 275 303
Treasury shares (13,874,181 and 84,263,150 common shares at December 31, 2025 and 2024, respectively, at cost) (355) (2,117)
Additional paid-in capital 25,250 27,190
Retained earnings 49,918 47,254
Reserves (20,622) (23,407)
Equity attributable to the equity holders of the parent 54,466 49,223
Non-controlling interests 2,070 2,063
Total equity 56,536 51,286
Total liabilities and equity $ 97,703 $ 89,385