Financial Accounts of the United States - Z.1
R.103 Nonfinancial corporate business
Billions of dollars; not seasonally adjusted
| Line | Description | Series | 2023 | 2024 | 2025 | 2024:Q3 | 2024:Q4 | 2025:Q1 | 2025:Q2 | 2025:Q3 | 2025:Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Line 1 | Change in net worth1 | FC102090005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 2 | Net investment | FU102090005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 3 | Nonfinancial investment | FU102010005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 4 | Real estate | FU105035005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 5 | Equipment | FU105015205 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 6 | Intellectual property products | FU105013765 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 7 | Inventories | FU105020015 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 8 | Nonproduced nonfinancial assets | FU105420005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 9 | Net acquisition of financial assets | FU104090005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 10 | Less: Net increase in liabilities | FU104190005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 11 | Net holding gains | FR102090005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 12 | Nonfinancial assets | FR102010005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 13 | Real estate | FR105035005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 14 | Equipment2 | FR105015205 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 15 | Intellectual property products2 | FR105013765 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 16 | Inventories2, 3 | FR105020015 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 17 | Financial assets | FR104090005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 18 | Debt securities | FR104022005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 19 | U.S. direct investment abroad: intercompany debt | FR103092305 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 20 | Corporate equities | FR103064103 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 21 | U.S. direct investment abroad: equity | FR103092105 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 22 | Mutual fund shares | FR103064203 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 23 | Miscellaneous assets | FR103090005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 24 | Less: liabilities | FR104190005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 25 | Foreign direct investment: intercompany debt | FR103192305 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 26 | Claims of pension fund on sponsor | FR573073005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 27 | Miscellaneous liabilities | FR103193005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 28 | Other volume changes4 | FV102090005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Memo: | |||||||||||
| Line 29 | Net worth outstanding (assets minus liabilities)5 | LM102090005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Notes:
- Sum of net investment (line 2), net holding gains (line 11), and other volume changes (line 28).
- Valued at current cost.
- Before inventory valuation adjustment.
- Consists of statistical discontinuities and disaster-related losses to fixed assets.
- Table B.103, line 46.
Last Update: March 9, 2026