Consolidated Balance Sheets

December 31 ($ in millions, except share data)

2016

2015

See accompanying Notes to the Consolidated Financial Statements

Cash and equivalents

3,644

4,565

Marketable securities and short-term investments

1,953

1,633

Receivables, net

9,696

10,061

Inventories, net

4,347

4,757

Prepaid expenses

176

225

Deferred taxes

888

881

Other current assets

688

638

Assets held for sale

548

Total current assets

21,940

22,760

 

 

 

Property, plant and equipment, net

4,743

5,276

Goodwill

9,501

9,671

Other intangible assets, net

1,996

2,337

Prepaid pension and other employee benefits

90

68

Investments in equity-accounted companies

170

178

Deferred taxes

527

423

Other non-current assets

532

643

Total assets

39,499

41,356

 

 

 

Accounts payable, trade

4,446

4,342

Billings in excess of sales

1,241

1,375

Short-term debt and current maturities of long-term debt

1,003

1,454

Advances from customers

1,398

1,598

Deferred taxes

258

249

Provisions for warranties

1,142

1,089

Other provisions

1,765

1,920

Other current liabilities

3,936

3,817

Liabilities held for sale

218

Total current liabilities

15,407

15,844

 

 

 

Long-term debt

5,800

5,985

Pension and other employee benefits

1,834

1,924

Deferred taxes

957

965

Other non-current liabilities

1,604

1,650

Total liabilities

25,602

26,368

 

 

 

Commitments and contingencies

 

 

Stockholders’ equity:

 

 

Capital stock and additional paid-in capital (2,214,743,264 and 2,314,743,264 issued shares at December 31, 2016 and 2015, respectively)

216

1,444

Retained earnings

19,925

20,476

Accumulated other comprehensive loss

(5,187)

(4,858)

Treasury stock, at cost (76,036,429 and 123,118,123 shares at December 31, 2016 and 2015, respectively)

(1,559)

(2,581)

Total ABB stockholders’ equity

13,395

14,481

Noncontrolling interests

502

507

Total stockholders’ equity

13,897

14,988

Total liabilities and stockholders’ equity

39,499

41,356