Consolidated Balance Sheets

December 31 ($ in millions, except share data)

2015

2014

See accompanying Notes to the Consolidated Financial Statements

Cash and equivalents

4,565

5,443

Marketable securities and short-term investments

1,633

1,325

Receivables, net

10,061

11,078

Inventories, net

4,757

5,376

Prepaid expenses

225

218

Deferred taxes

881

902

Other current assets

638

644

Total current assets

22,760

24,986

 

 

 

Property, plant and equipment, net

5,276

5,652

Goodwill

9,671

10,053

Other intangible assets, net

2,337

2,702

Prepaid pension and other employee benefits

68

70

Investments in equity-accounted companies

178

177

Deferred taxes

423

511

Other non-current assets

643

701

Total assets

41,356

44,852

 

 

 

Accounts payable, trade

4,342

4,765

Billings in excess of sales

1,375

1,455

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

1,454

353

Advances from customers

1,598

1,624

Deferred taxes

249

289

Provisions for warranties

1,089

1,148

Other provisions

1,920

1,689

Other current liabilities

3,817

4,257

Total current liabilities

15,844

15,580

 

 

 

Long-term debt

5,985

7,312

Pension and other employee benefits

1,924

2,394

Deferred taxes

965

1,165

Other non-current liabilities

1,650

1,586

Total liabilities

26,368

28,037

 

 

 

Commitments and contingencies

 

 

 

 

 

Stockholders’ equity:

 

 

Capital stock and additional paid-in capital (2,314,743,264 issued shares at December 31, 2015 and 2014)

1,444

1,777

Retained earnings

20,476

19,939

Accumulated other comprehensive loss

(4,858)

(4,241)

Treasury stock, at cost (123,118,123 and 55,843,639 shares at December 31, 2015 and 2014, respectively)

(2,581)

(1,206)

Total ABB stockholders’ equity

14,481

16,269

Noncontrolling interests

507

546

Total stockholders’ equity

14,988

16,815

Total liabilities and stockholders’ equity

41,356

44,852