Balance Sheet

Balance Sheet

  Year Ending Dec 2019 Year Ending Dec 2018 Year Ending Dec 2017 Year Ending Dec 2016
Cash & Equivalents 2,337.5 7,320.7 6,536.2 4,582.1
Short Term Investments 101 88.2 1,497.9 1,456.5
Cash and Short Term Investments 2,438.5 7,408.9 8,034.1 6,038.6
Accounts Receivable - Trade, Gross 4,569.7 1,207 4,585 4,069.7
Provision for Doubtful Accounts (22.4) (24.1) (38.7) (40.3)
Accounts Receivable - Trade, Net 4,547.3 5,776.8 4,546.3 4,029.4
Receivables - Other 994.2 715.9 736.9
Total Receivables, Net 5,541.5 5,776.8 5,262.2 4,766.3
Inventories - Finished Goods 647.3 1,211.4 987.3
Inventories - Work In Progress 2,067.6 2,697.7 2,117.2
Inventories - Raw Materials 424.6 488.8 435.3
LIFO Reserve 51.2 60.4 22.1
Total Inventory 3,190.7 3,098.1 4,458.3 3,561.9
Prepaid Expenses 2,538.9 2,036.7 1,447.5 734.6
Discontinued Operations - Current Asset 2,229.1
Other Current Assets, Total 2,229.1
Total Current Assets 13,709.6 20,549.6 19,202.1 15,101.4
Buildings - Gross 7,067.3 7,425.6 6,917.8
Land/Improvements - Gross 169.5 192.7 197.6
Machinery/Equipment - Gross 7,913.3 8,689 7,864.7
Construction in Progress - Gross 1,884.4 1,783.8 1,797.5
Other Property/Plant/Equipment - Gross 532.1 16,663
Property/Plant/Equipment, Total - Gross 17,566.6 16,663 18,091.1 16,777.6
Accumulated Depreciation, Total (9,161.6) (8,666.9) (9,264.6) (8,525)
Property/Plant/Equipment, Total - Net 8,405 7,996.1 8,826.5 8,252.6
Goodwill, Net 3,679.4 1,366.6 4,370.1 3,972.7
Intangibles - Gross 7,914.4 2,166.7 7,950.4 7,731.1
Accumulated Intangible Amortization (1,296.4) (1,098.7) (3,921.2) (3,373.2)
Intangibles, Net 6,618 1,068 4,029.2 4,357.9
LT Investment - Affiliate Companies 289.2 289.2 584.8 568.7
LT Investments - Other 1,673.2 1,716.2 5,094 4,638.8
Long Term Investments 1,962.4 2,005.4 5,678.8 5,207.5
Deferred Income Tax - Long Term Asset 2,572.6 2,613.7
Discontinued Operations - Long Term Asset 6,484.1
Restricted Cash - Long Term
Other Long Term Assets 2,339.1 1,824.9 2,874.3 1,913.8
Other Long Term Assets, Total 4,911.7 10,922.7 2,874.3 1,913.8
Total Assets 39,286.1 43,908.4 44,981 38,805.9
Accounts Payable 1,405.3 1,207.1 1,410.7 1,349.3
Accrued Expenses 915.5 955.6 997.9 896.9
Notes Payable/Short Term Debt 1,494.2 498.9 2,696.8 1,299.3
Current Portion of Long Term Debt/Capital Leases 5.1 603.3 1,009.8 638.1
Dividends Payable 671.5 650.8 590.6 548.1
Income Taxes Payable 160.6 393.4 532.9 119.1
Other Payables 4,933.6 4,849.5 4,465.1 3,914.9
Deferred Income Tax - Current Liability
Discontinued Operations – Current Liability 692.8
Other Current Liabilities 2,189.4 2,036.7 2,832.1 2,220.9
Other Current liabilities, Total 7,955.1 8,623.2 8,420.7 6,803
Total Current Liabilities 11,775.2 11,888.1 14,535.9 10,986.6
Long Term Debt 13,817.9 9,196.4 9,931.8 8,358.8
Capital Lease Obligations 8.7 9
Total Long Term Debt 13,817.9 9,196.4 9,940.5 8,367.8
Total Debt 15,317.2 10,298.6 13,647.1 10,305.2
Deferred Income Tax - Long Term Liability 2,187.5 1,312.7
Deferred Income Tax 2,187.5 1,312.7
Minority Interest 92.2 1,080.4 75.7 72.8
Pension Benefits - Underfunded 3,698.2 2,802.2 3,513.9 2,453.9
Other Long Term Liabilities 5,108.2 5,057.6 5,322.8 2,917.1
Discontinued Operations - Liabilities 2,742.3
Other Liabilities, Total 8,806.4 10,602.1 8,836.7 5,371
Total Liabilities 36,679.2 34,079.7 33,388.8 24,798.2
Common Stock 598.8 661 687.9 688.5
Common Stock, Total 598.8 661 687.9 688.5
Additional Paid-In Capital 6,685.3 6,583.6 5,817.8 5,640.6
Retained Earnings (Accumulated Deficit) 4,920.4 11,395.9 13,894.1 16,046.3
Treasury Stock - Common (60.8) (69.4) (75.8) (80.5)
ESOP Debt Guarantee
Unrealized Gain (Loss) 4.9 113.5 224
Cumulative Translation Adjustment (1,678) (1,233.4) (1,867.3)
Other Equity (3,013.2) (3,013.2) (3,013.2) (3,013.2)
Minimum Pension Liability Adjustment (4,638.6) (4,340.7) (3,371.6)
Other Comprehensive Income (211.9) (5,729.2) (258) (259.1)
Other Equity, Total (9,541.7) (8,742.4) (8,845.3) (8,511.2)
Total Equity 2,606.9 9,828.7 11,592.2 14,007.7
Total Liabilities & Shareholders' Equity 39,286.1 43,908.4 44,981 38,805.9
Shares Outstanding – Common Stock Primary Issue 957.5 1,057.6 1,100 1,100.9
Total Common Shares Outstanding 957.5 1,057.6 1,100 1,100.9
Treasury Shares – Common Primary Issue 0.5 0.6 0.7 0.7
Employees 33,625 38,680 40,655 41,975
Number of Common Shareholders 22,600 24,000 25,300 26,800
Accumulated Intangible Amortization 1,296.4 1,098.7 3,921.2 3,373.2
Total Current Assets less Inventory 10,518.9 17,451.5 14,743.8 11,539.5
Quick Ratio 0.9 1.5 1 1.1
Current Ratio 1.2 1.7 1.3 1.4
Net Debt 12,970.9 3,970.1 5,688.7 4,339.4
Tangible Book Value (7,690.5) 7,394.1 3,192.9 5,677.1
Tangible Book Value per Share (8) 7 2.9 5.2
Total Long Term Debt, Supplemental 2,059.1 3,799.6 3,084.3 2,239.6
Long Term Debt Maturing within 1 Year 7 634.5 1,008.8 635.3
Long Term Debt Maturing in Year 2 5.9 33.5 604 999.2
Long Term Debt Maturing in Year 3 1,424.7 942.3 2.7 603
Long Term Debt Maturing in Year 4 1.9 1,439 1.4 1.6
Long Term Debt Maturing in Year 5 619.6 750.3 1,467.4 0.5
Long Term Debt Maturing in 2-3 Years 1,430.6 975.8 606.7 1,602.2
Long Term Debt Maturing in 4-5 Years 621.5 2,189.3 1,468.8 2.1
Long Term Debt Maturing in Year 6 & Beyond
Total Capital Leases 19 11.8 13.4 14.4
Capital Lease Payments Due in Year 1 7 4.5 4.7 5.4
Capital Lease Payments Due in Year 2 4.4 3 3.4 3.5
Capital Lease Payments Due in Year 3 4.4 3 3.4 3.5
Capital Lease Payments Due in Year 4 1.6 0.7 1 1.1
Capital Lease Payments Due in Year 5 1.6 0.7 1 1.1
Capital Lease Payments Due in 2-3 Years 8.8 5.9 6.8 6.9
Capital Lease Payments Due in 4-5 Years 3.2 1.4 1.9 2.1
Capital Lease Payments Due in Year 6 & Beyond
Total Operating Leases 608.4 805.2 773.2 873.6
Operating Lease Payments Due in Year 1 138.1 155.8 130.8 134.8
Operating Lease Payments Due in Year 2 111 128 112.5 115.4
Operating Lease Payments Due in Year 3 82.3 89 112.5 115.4
Operating Lease Payments Due in Year 4 60.6 74.7 85.9 84.8
Operating Lease Payments Due in Year 5 55.7 58.2 85.9 84.8
Operating Lease Payments Due in 2-3 Years 193.3 217 224.9 230.7
Operating Lease Payments Due in 4-5 Years 116.3 132.9 171.8 169.5
Standardized Operating Lease Payments Due in Year 6 and Beyond 160.7 299.5 245.7 338.6
Pension Obligation - Domestic 16,251 13,661.9 15,098.4 12,455.9
Post-Retirement Obligation 1,601.4 1,543.9 1,728.5 1,494.6
Plan Assets - Domestic 12,858 11,064.2 11,844.5 10,179.7
Plan Assets - Post-Retirement 2,768.2 2,398.1 2,372.4 1,961.2
Funded Status - Domestic (3,393) (2,597.7) (3,253.9) (2,276.2)
Funded Status - Post-Retirement 1,166.8 854.2 643.9 466.6
Accumulated Obligation - Domestic 13,063.7 11,032.1 11,956.7 9,805.4
Accumulated Obligation - Post-Retirement 214.4 189.4 225.1 222.7
Total Funded Status (2,226.2) (1,743.5) (2,610) (1,809.6)
Discount Rate - Domestic 3 3.9 3.4 3.9
Discount Rate - Post-Retirement 3.3 4.4 3.7 4.3
Compensation Rate - Domestic 3.3 3.4 3.4 3.4
Prepaid Benefits - Domestic 163.3 196 106.8 29.7
Prepaid Benefits - Post-Retirement 1,381.3 1,043.6 869 689.3
Accrued Liabilities - Domestic (3,556.3) (2,793.7) (3,360.7) (2,305.9)
Accrued Liabilities - Foreign (207.2) (182.1) (218) (216)
Accrued Liabilities - Post-Retirement (355.3) (166.6) (225.1) (222.7)
Other Assets, Net - Domestic
Other Assets, Net - Post-Retirement
Net Assets Recognized on Balance Sheet (2,574.2) (1,902.8) (2,828) (2,025.6)
Equity % - Domestic 25.1 24.7 28.7 26.4
Equity % - Post-Retirement 8.3 7.8 9.5 9.4
Debt Securities % - Domestic 20.6 20.9 20.2 20.2
Debt Securities % - Post-Retirement 5.1 5.1 5.2 5.6
Real Estate % - Domestic 4.4 4.8 4.8 5
Real Estate % - Post-Retirement 1.1 1.2 1.4 1.8
Private Investments % - Domestic 40.3 42.9 39 41.8
Private Investments % - Post-Retirement 82 83 80.8 80.8
Other Investments % - Domestic 9.5 6.8 7.3 6.6
Other Investments % - Post-Retirement 3.5 3 3 2.3
Total Plan Obligations 17,852.4 15,205.8 16,826.9 13,950.5
Total Plan Assets 15,626.2 13,462.3 14,216.9 12,140.9
Number of Products in Phase I 3 3
Number of Products in Phase II 1 1 2
Number of Products in Phase III 2 2 14 14
Number of Products in Pre-Registration 1
Number of Products Launched 1 2 4

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

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