Balance Sheet

Balance Sheet

  Year Ending Dec 2018 Year Ending Dec 2017 Year Ending Dec 2016 Year Ending Dec 2015
Cash & Equivalents 7,998.2 6,536.2 4,582.1 3,666.4
Short Term Investments 88.2 1,497.9 1,456.5 785.4
Cash and Short Term Investments 8,086.4 8,034.1 6,038.6 4,451.8
Accounts Receivable - Trade, Gross 5,279 4,585 4,069.7 3,557.3
Provision for Doubtful Accounts (32.5) (38.7) (40.3) (44.3)
Accounts Receivable - Trade, Net 5,246.5 4,546.3 4,029.4 3,513
Receivables - Other 958.4 715.9 736.9 558.6
Total Receivables, Net 6,204.9 5,262.2 4,766.3 4,071.6
Inventories - Finished Goods 988.1 1,211.4 987.3 1,053.4
Inventories - Work In Progress 2,628.2 2,697.7 2,117.2 2,058.1
Inventories - Raw Materials 506.5 488.8 435.3 403
LIFO Reserve (11) 60.4 22.1 (68.7)
Total Inventory 4,111.8 4,458.3 3,561.9 3,445.8
Prepaid Expenses 2,146.5 1,447.5 734.6 604.4
Total Current Assets 20,549.6 19,202.1 15,101.4 12,573.6
Buildings - Gross 7,683.8 7,425.6 6,917.8 6,786.5
Land/Improvements - Gross 193.1 192.7 197.6 220.6
Machinery/Equipment - Gross 8,817.4 8,689 7,864.7 7,988.5
Construction in Progress - Gross 1,769.7 1,783.8 1,797.5 1,665.3
Property/Plant/Equipment, Total - Gross 18,464 18,091.1 16,777.6 16,660.9
Accumulated Depreciation, Total (9,544.5) (9,264.6) (8,525) (8,607.4)
Property/Plant/Equipment, Total - Net 8,919.5 8,826.5 8,252.6 8,053.5
Goodwill, Net 4,347.5 4,370.1 3,972.7 4,039.9
Intangibles - Gross 5,432.9 7,950.4 7,731.1 7,856.7
Accumulated Intangible Amortization (1,911.9) (3,921.2) (3,373.2) (2,821.9)
Intangibles, Net 3,521 4,029.2 4,357.9 5,034.8
LT Investment - Affiliate Companies 304.5 584.8 568.7 671.3
LT Investments - Other 1,716.2 5,094 4,638.8 2,975.3
Long Term Investments 2,020.7 5,678.8 5,207.5 3,646.6
Deferred Income Tax - Long Term Asset 2,657.7
Restricted Cash - Long Term
Other Long Term Assets 1,892.4 2,874.3 1,913.8 2,220.5
Other Long Term Assets, Total 4,550.1 2,874.3 1,913.8 2,220.5
Total Assets 43,908.4 44,981 38,805.9 35,568.9
Accounts Payable 1,412.3 1,410.7 1,349.3 1,338.2
Accrued Expenses 1,054.5 997.9 896.9 967
Notes Payable/Short Term Debt 498.9 2,696.8 1,299.3
Current Portion of Long Term Debt/Capital Leases 632.3 1,009.8 638.1 6.1
Dividends Payable 650.8 590.6 548.1 539
Income Taxes Payable 404 532.9 119.1 358.9
Other Payables 5,021.9 4,465.1 3,914.9 2,560.1
Deferred Income Tax - Current Liability
Other Current Liabilities 2,213.4 2,832.1 2,220.9 2,460.3
Other Current liabilities, Total 8,290.1 8,420.7 6,803 5,918.3
Total Current Liabilities 11,888.1 14,535.9 10,986.6 8,229.6
Long Term Debt 11,632.4 9,931.8 8,358.8 7,972.4
Capital Lease Obligations 7.3 8.7 9
Total Long Term Debt 11,639.7 9,940.5 8,367.8 7,972.4
Total Debt 12,770.9 13,647.1 10,305.2 7,978.5
Minority Interest 1,080.4 75.7 72.8 19
Pension Benefits - Underfunded 2,911.3 3,513.9 2,453.9 2,160.3
Other Long Term Liabilities 6,560.2 5,322.8 2,917.1 2,616.3
Other Liabilities, Total 9,471.5 8,836.7 5,371 4,776.6
Total Liabilities 34,079.7 33,388.8 24,798.2 20,997.6
Common Stock 661 687.9 688.5 691.3
Common Stock, Total 661 687.9 688.5 691.3
Additional Paid-In Capital 6,583.6 5,817.8 5,640.6 5,552.1
Retained Earnings (Accumulated Deficit) 11,395.9 13,894.1 16,046.3 16,011.8
Treasury Stock - Common (69.4) (75.8) (80.5) (90)
ESOP Debt Guarantee
Unrealized Gain (Loss) (22.1) 113.5 224 10.1
Cumulative Translation Adjustment (1,622.5) (1,233.4) (1,867.3) (1,360.2)
Other Equity (3,013.2) (3,013.2) (3,013.2) (3,013.2)
Minimum Pension Liability Adjustment (3,856.7) (4,340.7) (3,371.6) (3,012.1)
Other Comprehensive Income (227.9) (258) (259.1) (218.5)
Other Equity, Total (8,720.3) (8,845.3) (8,511.2) (7,604)
Total Equity 9,828.7 11,592.2 14,007.7 14,571.3
Total Liabilities & Shareholders' Equity 43,908.4 44,981 38,805.9 35,568.9
Shares Outstanding – Common Stock Primary Issue 1,057 1,100 1,100.9 1,105.3
Total Common Shares Outstanding 1,057 1,100 1,100.9 1,105.3
Treasury Shares – Common Primary Issue 0.6 0.7 0.7 0.8
Employees 38,680 40,655 41,975 41,275
Number of Common Shareholders 24,000 25,300 26,800 28,000
Accumulated Intangible Amortization 1,911.9 3,921.2 3,373.2 2,821.9
Total Current Assets less Inventory 16,437.8 14,743.8 11,539.5 9,127.8
Quick Ratio 1.4 1 1.1 1.1
Current Ratio 1.7 1.3 1.4 1.5
Net Debt 5,764.9 5,688.7 4,339.4 3,545.7
Tangible Book Value 1,960.2 3,192.9 5,677.1 5,496.6
Tangible Book Value per Share 1.9 2.9 5.2 5
Total Long Term Debt, Supplemental 3,799.6 3,084.3 2,239.6 2,046.9
Long Term Debt Maturing within 1 Year 634.5 1,008.8 635.3 6.1
Long Term Debt Maturing in Year 2 33.5 604 999.2 635.2
Long Term Debt Maturing in Year 3 942.3 2.7 603 803.2
Long Term Debt Maturing in Year 4 1,439 1.4 1.6 601.8
Long Term Debt Maturing in Year 5 750.3 1,467.4 0.5 0.6
Long Term Debt Maturing in 2-3 Years 975.8 606.7 1,602.2 1,438.4
Long Term Debt Maturing in 4-5 Years 2,189.3 1,468.8 2.1 602.4
Long Term Debt Maturing in Year 6 & Beyond
Total Capital Leases 11.8 13.4 14.4 15.8
Capital Lease Payments Due in Year 1 4.5 4.7 5.4 4.9
Capital Lease Payments Due in Year 2 3 3.4 3.5 4.3
Capital Lease Payments Due in Year 3 3 3.4 3.5 4.3
Capital Lease Payments Due in Year 4 0.7 1 1.1 1.2
Capital Lease Payments Due in Year 5 0.7 1 1.1 1.2
Capital Lease Payments Due in 2-3 Years 5.9 6.8 6.9 8.5
Capital Lease Payments Due in 4-5 Years 1.4 1.9 2.1 2.4
Capital Lease Payments Due in Year 6 & Beyond
Total Operating Leases 805.2 773.2 873.6 934.4
Operating Lease Payments Due in Year 1 155.8 130.8 134.8 132.5
Operating Lease Payments Due in Year 2 128 112.5 115.4 90.6
Operating Lease Payments Due in Year 3 89 112.5 115.4 90.6
Operating Lease Payments Due in Year 4 74.7 85.9 84.8 122.5
Operating Lease Payments Due in Year 5 58.2 85.9 84.8 122.5
Operating Lease Payments Due in 2-3 Years 217 224.9 230.7 181.1
Operating Lease Payments Due in 4-5 Years 132.9 171.8 169.5 244.9
Standardized Operating Lease Payments Due in Year 6 and Beyond 299.5 245.7 338.6 375.9
Pension Obligation - Domestic 13,661.9 15,098.4 12,455.9 11,719.2
Post-Retirement Obligation 1,543.9 1,728.5 1,494.6 1,467.4
Plan Assets - Domestic 11,064.2 11,844.5 10,179.7 9,995.6
Plan Assets - Post-Retirement 2,398.1 2,372.4 1,961.2 1,943.7
Funded Status - Domestic (2,597.7) (3,253.9) (2,276.2) (1,723.6)
Funded Status - Post-Retirement 854.2 643.9 466.6 476.3
Accumulated Obligation - Domestic 11,032.1 11,956.7 9,805.4 2,028.1
Accumulated Obligation - Post-Retirement 189.4 225.1 222.7 245.8
Total Funded Status (1,743.5) (2,610) (1,809.6) (1,247.3)
Discount Rate - Domestic 3.9 3.4 3.9 4.3
Discount Rate - Post-Retirement 4.4 3.7 4.3 4.5
Compensation Rate - Domestic 3.4 3.4 3.4 3.4
Prepaid Benefits - Domestic 196 106.8 29.7 261.6
Prepaid Benefits - Post-Retirement 1,043.6 869 689.3 722.1
Accrued Liabilities - Domestic (2,793.7) (3,360.7) (2,305.9) (1,985.2)
Accrued Liabilities - Foreign (182.1) (218) (216) (238.9)
Accrued Liabilities - Post-Retirement (166.6) (225.1) (222.7) (245.8)
Other Assets, Net - Domestic
Other Assets, Net - Post-Retirement
Net Assets Recognized on Balance Sheet (1,902.8) (2,828) (2,025.6) (1,486.2)
Equity % - Domestic 24.7 28.7 26.4 27.6
Equity % - Post-Retirement 7.8 9.5 9.4 9.5
Debt Securities % - Domestic 20.9 20.2 20.2 17
Debt Securities % - Post-Retirement 5.1 5.2 5.6 5.1
Real Estate % - Domestic 4.8 4.8 5 5.2
Real Estate % - Post-Retirement 1.2 1.4 1.8 1.7
Private Investments % - Domestic 42.9 39 41.8 43
Private Investments % - Post-Retirement 83 80.8 80.8 81.6
Other Investments % - Domestic 6.8 7.3 6.6 7.3
Other Investments % - Post-Retirement 3 3 2.3 2.1
Total Plan Obligations 15,205.8 16,826.9 13,950.5 13,186.6
Total Plan Assets 13,462.3 14,216.9 12,140.9 11,939.3
Number of Products in Phase I 3
Number of Products in Phase II 1 2
Number of Products in Phase III 2 14 14 19
Number of Products in Pre-Registration 1 3
Number of Products Launched 1 2 4 7

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

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