Balance Sheet

Balance Sheet

In millions of USD (except for per share items)

  Year Ending Dec 2020 (Update) Year Ending Dec 2019 (Update) Year Ending Dec 2018 (Update) Year Ending Dec 2017 (Update) Year Ending Dec 2016 (Update)
Cash & Equivalents 1,875.00 724.00 296.00 414.00 308.00
Cash and Short Term Investments 1,875.00 724.00 296.00 414.00 308.00
Accounts Receivable - Trade, Gross 969.00 1,071.00 1,066.00 991.00 873.00
Provision for Doubtful Accounts -46.00 -35.00 -35.00 -35.00 -30.00
Accounts Receivable - Trade, Net 923.00 1,036.00 1,031.00 956.00 843.00
Total Receivables, Net 923.00 1,036.00 1,031.00 956.00 843.00
Inventories - Finished Goods 221.00 212.00 248.00 223.00 260.00
Inventories - Work In Progress 49.00 47.00 45.00 42.00 42.00
Inventories - Raw Materials 288.00 280.00 302.00 259.00 220.00
Total Inventory 558.00 539.00 595.00 524.00 522.00
Prepaid Expenses 167.00 151.00 169.00 174.00 166.00
Deferred Income Tax - Current Asset 0.00 0.00 0.00 0.00 0.00
Other Current Assets 0.00 0.00 3.00 3.00 0.00
Other Current Assets, Total 0.00 0.00 3.00 3.00 0.00
Total Current Assets 3,523.00 2,450.00 2,094.00 2,071.00 1,839.00
Land/Improvements - Gross 369.00 339.00 326.00 329.00 299.00
Machinery/Equipment - Gross 941.00 861.00 819.00 799.00 731.00
Construction in Progress - Gross 110.00 104.00 107.00 85.00 76.00
Other Property/Plant/Equipment - Gross 666.00 639.00 380.00 363.00 332.00
Property/Plant/Equipment, Total - Gross 2,086.00 1,943.00 1,632.00 1,576.00 1,438.00
Accumulated Depreciation, Total -1,157.00 -1,044.00 -976.00 -933.00 -822.00
Property/Plant/Equipment, Total - Net 929.00 899.00 656.00 643.00 616.00
Goodwill, Net 2,854.00 2,839.00 2,976.00 2,768.00 2,632.00
Intangibles - Gross 1,980.00 1,911.00 1,835.00 1,671.00 1,584.00
Accumulated Intangible Amortization -887.00 -737.00 -603.00 -503.00 -383.00
Intangibles, Net 1,093.00 1,174.00 1,232.00 1,168.00 1,201.00
Other Long Term Assets 351.00 348.00 264.00 210.00 186.00
Other Long Term Assets, Total 351.00 348.00 264.00 210.00 186.00
Total Assets 8,750.00 7,710.00 7,222.00 6,860.00 6,474.00
Accounts Payable 569.00 597.00 586.00 549.00 457.00
Accrued Expenses 498.00 396.00 331.00 356.00 378.00
Notes Payable/Short Term Debt 0.00 0.00 0.00 0.00 0.00
Current Portion of Long Term Debt/Capital Leases 600.00 276.00 257.00 0.00 260.00
Income Taxes Payable 103.00 79.00 85.00 75.00 63.00
Deferred Income Tax - Current Liability 0.00 0.00 0.00 0.00 0.00
Other Current Liabilities 186.00 153.00 130.00 120.00 80.00
Other Current liabilities, Total 289.00 232.00 215.00 195.00 143.00
Total Current Liabilities 1,956.00 1,501.00 1,389.00 1,100.00 1,238.00
Long Term Debt 2,484.00 2,040.00 2,051.00 2,200.00 2,108.00
Total Long Term Debt 2,484.00 2,040.00 2,051.00 2,200.00 2,108.00
Total Debt 3,084.00 2,316.00 2,308.00 2,200.00 2,368.00
Deferred Income Tax - Long Term Liability 242.00 310.00 303.00 252.00 352.00
Deferred Income Tax 242.00 310.00 303.00 252.00 352.00
Minority Interest 8.00 10.00 14.00 16.00 17.00
Pension Benefits - Underfunded 519.00 445.00 400.00 442.00 408.00
Other Long Term Liabilities 573.00 447.00 297.00 347.00 161.00
Other Liabilities, Total 1,092.00 892.00 697.00 789.00 569.00
Total Liabilities 5,782.00 4,753.00 4,454.00 4,357.00 4,284.00
Common Stock 2.00 2.00 2.00 2.00 2.00
Common Stock, Total 2.00 2.00 2.00 2.00 2.00
Additional Paid-In Capital 2,037.00 1,991.00 1,950.00 1,912.00 1,876.00
Retained Earnings (Accumulated Deficit) 1,930.00 1,866.00 1,639.00 1,227.00 1,033.00
Treasury Stock - Common -588.00 -527.00 -487.00 -428.00 -403.00
Cumulative Translation Adjustment -86.00 -103.00 -121.00 -15.00 -140.00
Minimum Pension Liability Adjustment -330.00 -269.00 -214.00 -198.00 -177.00
Other Comprehensive Income 3.00 -3.00 -1.00 3.00 -1.00
Other Equity, Total -413.00 -375.00 -336.00 -210.00 -318.00
Total Equity 2,968.00 2,957.00 2,768.00 2,503.00 2,190.00
Total Liabilities & Shareholders' Equity 8,750.00 7,710.00 7,222.00 6,860.00 6,474.00
Shares Outstanding – Common Stock Primary Issue 180.40 180.20 179.70 179.90 179.50
Total Common Shares Outstanding 180.40 180.20 179.70 179.90 179.50
Treasury Shares – Common Primary Issue 14.50 13.70 13.20 12.40 11.90
Employees 16,700.00 16,300.00 17,000.00 16,200.00 16,000.00
Number of Common Shareholders 9,526.00 10,046.00 10,898.00 11,681.00 12,632.00
Accumulated Intangible Amortization 887.00 737.00 603.00 503.00 383.00
Total Current Assets less Inventory 2,965.00 1,911.00 1,499.00 1,547.00 1,317.00
Quick Ratio 1.52 1.27 1.08 1.41 1.06
Current Ratio 1.80 1.63 1.51 1.88 1.49
Net Debt 1,217.00 1,602.00 2,026.00 1,802.00 2,077.00
Tangible Book Value -979.00 -1,056.00 -1,440.00 -1,433.00 -1,643.00
Tangible Book Value per Share -5.43 -5.86 -8.01 -7.97 -9.15
Total Operating Leases 275.00 243.00 299.00 257.00 223.00
Operating Lease Payments Due in Year 1 68.00 65.00 76.00 65.00 65.00
Operating Lease Payments Due in Year 2 54.00 50.00 61.00 53.00 52.00
Operating Lease Payments Due in Year 3 42.00 37.00 43.00 42.00 38.00
Operating Lease Payments Due in Year 4 32.00 29.00 33.00 29.00 27.00
Operating Lease Payments Due in Year 5 24.00 21.00 22.00 23.00 18.00
Operating Lease Payments Due in 2-3 Years 96.00 87.00 104.00 95.00 90.00
Operating Lease Payments Due in 4-5 Years 56.00 50.00 55.00 52.00 45.00
Standardized Operating Lease Payments Due in Year 6 and Beyond 55.00 41.00 64.00 45.00 23.00
Pension Obligation - Domestic 123.00 113.00 99.00 107.00 100.00
Pension Obligation - Foreign 1,032.00 846.00 763.00 843.00 754.00
Post-Retirement Obligation 0.00 0.00 0.00 0.00 0.00
Plan Assets - Domestic 113.00 105.00 97.00 84.00 69.00
Plan Assets - Foreign 578.00 500.00 470.00 544.00 493.00
Plan Assets - Post-Retirement 0.00 0.00 0.00 0.00 0.00
Funded Status - Domestic -10.00 -8.00 -2.00 -23.00 -31.00
Funded Status - Foreign -454.00 -346.00 -293.00 -299.00 -261.00
Funded Status - Post-Retirement 0.00 0.00 0.00 0.00 0.00
Accumulated Obligation - Domestic 1,107.00 919.00 829.00 916.00 827.00
Unfunded Plan Obligations 44.00 49.00 52.00 55.00 64.00
Total Funded Status -508.00 -403.00 -347.00 -377.00 -356.00
Discount Rate - Domestic 2.50 3.25 4.50 3.75 4.25
Discount Rate - Foreign 1.06 1.80 2.60 2.43 2.63
Compensation Rate - Domestic 0.00 0.00 0.00 0.00 0.00
Compensation Rate - Foreign 2.79 2.94 2.92 2.93 2.76
Prepaid Benefits - Domestic 27.00 58.00 68.00 81.00 67.00
Prepaid Benefits - Post-Retirement 0.00 0.00 0.00 0.00 0.00
Accrued Liabilities - Domestic -491.00 -412.00 -363.00 -403.00 -359.00
Accrued Liabilities - Post-Retirement -44.00 -49.00 -52.00 -55.00 -64.00
Net Assets Recognized on Balance Sheet -508.00 -403.00 -347.00 -377.00 -356.00
Equity % - Domestic 20.80 18.60 29.70 35.60 24.20
Debt Securities % - Domestic 23.00 33.70 36.30 40.40 64.41
Private Investments % - Domestic 0.00 0.00 1.10 1.60 2.40
Other Investments % - Domestic 56.20 47.70 32.90 22.40 9.00
Total Plan Obligations 1,199.00 1,008.00 914.00 1,005.00 918.00
Total Plan Assets 691.00 605.00 567.00 628.00 562.00

Copyright Refinitiv