Balance Sheet

Balance Sheet

  Year Ending Dec 2017 Year Ending Dec 2016 Year Ending Dec 2015 Year Ending Dec 2014
Cash & Equivalents 6,536.2 4,582.1 3,666.4 3,871.6
Short Term Investments 1,497.9 1,456.5 785.4 955.4
Cash and Short Term Investments 8,034.1 6,038.6 4,451.8 4,827
Accounts Receivable - Trade, Gross 4,585 4,069.7 3,557.3 3,289.6
Provision for Doubtful Accounts (38.7) (40.3) (44.3) (55)
Accounts Receivable - Trade, Net 4,546.3 4,029.4 3,513 3,234.6
Receivables - Other 715.9 736.9 558.6 566.7
Total Receivables, Net 5,262.2 4,766.3 4,071.6 3,801.3
Inventories - Finished Goods 1,211.4 987.3 1,053.4 838
Inventories - Work In Progress 2,697.7 2,117.2 2,058.1 1,715.4
Inventories - Raw Materials 488.8 435.3 403 315
LIFO Reserve 60.4 22.1 (68.7) (128.4)
Total Inventory 4,458.3 3,561.9 3,445.8 2,740
Prepaid Expenses 1,447.5 734.6 604.4 560
Deferred Income Tax - Current Asset
Other Current Assets, Total
Total Current Assets 19,202.1 15,101.4 12,573.6 11,928.3
Buildings - Gross 7,425.6 6,917.8 6,786.5 6,516.2
Land/Improvements - Gross 192.7 197.6 220.6 205.2
Machinery/Equipment - Gross 8,689 7,864.7 7,988.5 7,609.7
Construction in Progress - Gross 1,783.8 1,797.5 1,665.3 1,698.2
Property/Plant/Equipment, Total - Gross 18,091.1 16,777.6 16,660.9 16,029.3
Accumulated Depreciation, Total (9,264.6) (8,525) (8,607.4) (8,065.4)
Property/Plant/Equipment, Total - Net 8,826.5 8,252.6 8,053.5 7,963.9
Goodwill, Net 4,370.1 3,972.7 4,039.9 1,758.1
Intangibles - Gross 7,950.4 7,731.1 7,856.7 5,845
Accumulated Intangible Amortization (3,921.2) (3,373.2) (2,821.9) (2,960.8)
Intangibles, Net 4,029.2 4,357.9 5,034.8 2,884.2
LT Investment - Affiliate Companies 584.8 568.7 671.3 446.7
LT Investments - Other 5,094 4,638.8 2,975.3 4,122.2
Long Term Investments 5,678.8 5,207.5 3,646.6 4,568.9
Restricted Cash - Long Term 5,405.6
Other Long Term Assets 2,874.3 1,913.8 2,220.5 1,798.6
Other Long Term Assets, Total 2,874.3 1,913.8 2,220.5 7,204.2
Total Assets 44,981 38,805.9 35,568.9 36,307.6
Accounts Payable 1,410.7 1,349.3 1,338.2 1,128.1
Accrued Expenses 997.9 896.9 967 759
Notes Payable/Short Term Debt 2,696.8 1,299.3
Current Portion of Long Term Debt/Capital Leases 1,009.8 638.1 6.1 2,688.7
Dividends Payable 590.6 548.1 539 530.3
Income Taxes Payable 532.9 119.1 358.9 93.5
Other Payables 4,465.1 3,914.9 2,560.1 2,068.8
Deferred Income Tax - Current Liability
Other Current Liabilities 2,832.1 2,220.9 2,460.3 2,472.6
Other Current liabilities, Total 8,420.7 6,803 5,918.3 5,165.2
Total Current Liabilities 14,535.9 10,986.6 8,229.6 9,741
Long Term Debt 9,931.8 8,358.8 7,972.4 5,332.8
Capital Lease Obligations 8.7 9
Total Long Term Debt 9,940.5 8,367.8 7,972.4 5,332.8
Total Debt 13,647.1 10,305.2 7,978.5 8,021.5
Deferred Income Tax - Long Term Liability
Deferred Income Tax
Minority Interest 75.7 72.8 19 14.9
Pension Benefits - Underfunded 3,513.9 2,453.9 2,160.3 2,562.9
Other Long Term Liabilities 5,322.8 2,917.1 2,616.3 3,282.8
Other Liabilities, Total 8,836.7 5,371 4,776.6 5,845.7
Total Liabilities 33,388.8 24,798.2 20,997.6 20,934.4
Common Stock 687.9 688.5 691.3 694.6
Common Stock, Total 687.9 688.5 691.3 694.6
Additional Paid-In Capital 5,817.8 5,640.6 5,552.1 5,292.3
Retained Earnings (Accumulated Deficit) 13,894.1 16,046.3 16,011.8 16,482.7
Treasury Stock - Common (75.8) (80.5) (90) (91.4)
ESOP Debt Guarantee
Unrealized Gain (Loss) 113.5 224 10.1 99.7
Cumulative Translation Adjustment (1,233.4) (1,867.3) (1,360.2) (498.4)
Other Equity (3,013.2) (3,013.2) (3,013.2) (3,013.2)
Minimum Pension Liability Adjustment (4,340.7) (3,371.6) (3,012.1) (3,402)
Other Comprehensive Income (258) (259.1) (218.5) (191.1)
Other Equity, Total (8,845.3) (8,511.2) (7,604) (7,104.7)
Total Equity 11,592.2 14,007.7 14,571.3 15,373.2
Total Liabilities & Shareholders' Equity 44,981 38,805.9 35,568.9 36,307.6
Shares Outstanding – Common Stock Primary Issue 1,100 1,100.9 1,105.3 1,110.6
Total Common Shares Outstanding 1,100 1,100.9 1,105.3 1,110.6
Treasury Shares – Common Primary Issue 0.7 0.7 0.8 0.8
Employees 40,655 41,975 41,275 39,135
Number of Common Shareholders 25,300 26,800 28,000 29,300
Accumulated Intangible Amortization 3,921.2 3,373.2 2,821.9 2,960.8
Total Current Assets less Inventory 14,743.8 11,539.5 9,127.8 9,188.3
Quick Ratio 1 1.1 1.1 0.9
Current Ratio 1.3 1.4 1.5 1.2
Net Debt 5,688.7 4,339.4 3,545.7 3,209.4
Tangible Book Value 3,192.9 5,677.1 5,496.6 10,730.9
Tangible Book Value per Share 2.9 5.2 5 9.7
Total Long Term Debt, Supplemental 3,084.3 2,239.6 2,046.9
Long Term Debt Maturing within 1 Year 1,008.8 635.3 6.1
Long Term Debt Maturing in Year 2 604 999.2 635.2
Long Term Debt Maturing in Year 3 2.7 603 803.2
Long Term Debt Maturing in Year 4 1.4 1.6 601.8
Long Term Debt Maturing in Year 5 1,467.4 0.5 0.6
Long Term Debt Maturing in 2-3 Years 606.7 1,602.2 1,438.4
Long Term Debt Maturing in 4-5 Years 1,468.8 2.1 602.4
Long Term Debt Maturing in Year 6 & Beyond
Total Capital Leases 13.4 14.4 15.8
Capital Lease Payments Due in Year 1 4.7 5.4 4.9
Capital Lease Payments Due in Year 2 3.4 3.5 4.3
Capital Lease Payments Due in Year 3 3.4 3.5 4.3
Capital Lease Payments Due in Year 4 1 1.1 1.2
Capital Lease Payments Due in Year 5 1 1.1 1.2
Capital Lease Payments Due in 2-3 Years 6.8 6.9 8.5
Capital Lease Payments Due in 4-5 Years 1.9 2.1 2.4
Capital Lease Payments Due in Year 6 & Beyond
Total Operating Leases 773.2 873.6 934.4
Operating Lease Payments Due in Year 1 130.8 134.8 132.5
Operating Lease Payments Due in Year 2 112.5 115.4 90.6
Operating Lease Payments Due in Year 3 112.5 115.4 90.6
Operating Lease Payments Due in Year 4 85.9 84.8 122.5
Operating Lease Payments Due in Year 5 85.9 84.8 122.5
Operating Lease Payments Due in 2-3 Years 224.9 230.7 181.1
Operating Lease Payments Due in 4-5 Years 171.8 169.5 244.9
Standardized Operating Lease Payments Due in Year 6 and Beyond 245.7 338.6 375.9
Pension Obligation - Domestic 15,098.4 12,455.9 11,719.2
Post-Retirement Obligation 1,728.5 1,494.6 1,467.4
Plan Assets - Domestic 11,844.5 10,179.7 9,995.6
Plan Assets - Post-Retirement 2,372.4 1,961.2 1,943.7
Funded Status - Domestic (3,253.9) (2,276.2) (1,723.6)
Funded Status - Post-Retirement 643.9 466.6 476.3
Accumulated Obligation - Domestic 11,956.7 9,805.4 2,028.1
Accumulated Obligation - Post-Retirement 225.1 222.7 245.8
Total Funded Status (2,610) (1,809.6) (1,247.3)
Discount Rate - Domestic 3.4 3.9 4.3
Discount Rate - Post-Retirement 3.7 4.3 4.5
Compensation Rate - Domestic 3.4 3.4 3.4
Prepaid Benefits - Domestic 106.8 29.7 261.6
Prepaid Benefits - Post-Retirement 869 689.3 722.1
Accrued Liabilities - Domestic (3,360.7) (2,305.9) (1,985.2)
Accrued Liabilities - Foreign (218) (216) (238.9)
Accrued Liabilities - Post-Retirement (225.1) (222.7) (245.8)
Other Assets, Net - Domestic
Other Assets, Net - Post-Retirement
Net Assets Recognized on Balance Sheet (2,828) (2,025.6) (1,486.2)
Equity % - Domestic 28.7 26.4 27.6
Equity % - Post-Retirement 9.5 9.4 9.5
Debt Securities % - Domestic 20.2 20.2 17
Debt Securities % - Post-Retirement 5.2 5.6 5.1
Real Estate % - Domestic 4.8 5 5.2
Real Estate % - Post-Retirement 1.4 1.8 1.7
Private Investments % - Domestic 39 41.8 43
Private Investments % - Post-Retirement 80.8 80.8 81.6
Other Investments % - Domestic 7.3 6.6 7.3
Other Investments % - Post-Retirement 3 2.3 2.1
Total Plan Obligations 16,826.9 13,950.5 13,186.6
Total Plan Assets 14,216.9 12,140.9 11,939.3
Number of Products in Phase II 2
Number of Products in Phase III 14 14 19 15
Number of Products in Pre-Registration 1 3 1
Number of Products Launched 2 4 7

In millions of USD (except for per share items); all data is GAAP

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