Balance Sheet

Balance Sheet

In millions of USD (except for per share items)

  Year Ending Dec 2017 (Update) Year Ending Dec 2016 (Update) Year Ending Dec 2015 (Update) Year Ending Dec 2014 (Restated) Year Ending Dec 2013 (Update)
Cash & Equivalents 414.00 308.00 680.00 663.00 533.00
Cash and Short Term Investments 414.00 308.00 680.00 663.00 533.00
Accounts Receivable - Trade, Gross 991.00 873.00 782.00 805.00 848.00
Provision for Doubtful Accounts -35.00 -30.00 -33.00 -34.00 -31.00
Accounts Receivable - Trade, Net 956.00 843.00 749.00 771.00 817.00
Receivables - Other
Total Receivables, Net 956.00 843.00 749.00 771.00 817.00
Inventories - Finished Goods 260.00 213.00 194.00 189.00
Inventories - Work In Progress 42.00 32.00 42.00 31.00
Inventories - Raw Materials 220.00 188.00 250.00 255.00
Total Inventory 524.00 522.00 433.00 486.00 475.00
Prepaid Expenses 177.00 166.00 141.00 143.00 142.00
Deferred Income Tax - Current Asset 41.00
Other Current Assets -- 2.00 1.00 1.00
Other Current Assets, Total -- 2.00 1.00 42.00
Total Current Assets 2.07M 1.84M 2.01M 2.06M 2.01M
Buildings - Gross
Land/Improvements - Gross 299.00 240.00 252.00 263.00
Machinery/Equipment - Gross 731.00 650.00 655.00 685.00
Construction in Progress - Gross 76.00 46.00 41.00 49.00
Other Property/Plant/Equipment - Gross 332.00 303.00 317.00 307.00
Property/Plant/Equipment, Total - Gross 1.44M 1.24M 1.27M 1.30M
Accumulated Depreciation, Total -822.00 -800.00 -804.00 -816.00
Property/Plant/Equipment, Total - Net 643.00 616.00 439.00 461.00 488.00
Goodwill, Net 2.77M 2.63M 1.58M 1.64M 1.72M
Intangibles - Gross 1.58M 766.00 773.00 661.00
Accumulated Intangible Amortization -383.00 -331.00 -303.00 -173.00
Intangibles, Net 1.17M 1.20M 435.00 470.00 488.00
Other Long Term Assets 210.00 186.00 194.00 203.00 193.00
Other Long Term Assets, Total 210.00 186.00 194.00 203.00 193.00
Total Assets 6.86M 6.47M 4.66M 4.83M 4.90M
Accounts Payable 549.00 457.00 338.00 338.00 332.00
Accrued Expenses 551.00 378.00 279.00 320.00 371.00
Notes Payable/Short Term Debt -- -- -- --
Current Portion of Long Term Debt/Capital Leases -- 260.00 78.00 89.00 42.00
Income Taxes Payable 63.00 64.00 77.00 45.00
Other Payables
Deferred Income Tax - Current Liability
Other Current Liabilities 80.00 64.00 79.00 63.00
Other Current liabilities, Total 143.00 128.00 156.00 108.00
Total Current Liabilities 1.10M 1.24M 823.00 903.00 853.00
Long Term Debt 2.20M 2.11M 1.20M 1.20M 1.20M
Total Long Term Debt 2.20M 2.11M 1.20M 1.20M 1.20M
Total Debt 2.20M 2.37M 1.27M 1.28M 1.24M
Deferred Income Tax - Long Term Liability 252.00 352.00 118.00 136.00 191.00
Deferred Income Tax 252.00 352.00 118.00 136.00 191.00
Minority Interest 16.00 17.00
Pension Benefits - Underfunded 442.00 408.00 335.00 388.00 348.00
Other Long Term Liabilities 347.00 161.00 101.00 84.00 64.00
Other Liabilities, Total 789.00 569.00 436.00 472.00 412.00
Total Liabilities 4.36M 4.28M 2.57M 2.71M 2.66M
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 1.91M 1.88M 1.83M 1.80M 1.75M
Retained Earnings (Accumulated Deficit) 1.23M 1.03M 885.00 648.00 405.00
Treasury Stock - Common -428.00 -403.00 -399.00 -220.00 -86.00
Cumulative Translation Adjustment -140.00 -43.00 145.00 351.00
Minimum Pension Liability Adjustment -177.00 -185.00 -231.00 -186.00
Other Comprehensive Income -210.00 -1.00 -10.00 -13.00 2.00
Other Equity, Total -210.00 -318.00 -238.00 -99.00 167.00
Total Equity 2.50M 2.19M 2.08M 2.13M 2.24M
Total Liabilities & Shareholders' Equity 6.86M 6.47M 4.66M 4.83M 4.90M
Shares Outstanding – Common Stock Primary Issue 179.90 179.50 178.40 182.30 184.60
Total Common Shares Outstanding 179.90 179.50 178.40 182.30 184.60
Treasury Shares – Common Primary Issue 12.40 11.90 11.80 6.60 3.00
Employees 16.00M 12.70M 12.50M 12.50M
Number of Common Shareholders 12.63M 13.78M 14.70M 16.63M
Accumulated Intangible Amortization 383.00 331.00 303.00 173.00
Total Current Assets less Inventory 1.55M 1.32M 1.57M 1.58M 1.53M
Quick Ratio 1.41 1.06 1.91 1.75 1.80
Current Ratio 1.88 1.49 2.44 2.29 2.36
Net Debt 1.80M 2.08M 594.00 621.00 708.00
Tangible Book Value -1,433.00 -1,643.00 65.00 22.00 35.00
Tangible Book Value per Share -7.97 -9.15 0.36 0.12 0.19
Total Operating Leases 223.00 190.00 225.00
Operating Lease Payments Due in Year 1 65.00 55.00 63.00
Operating Lease Payments Due in Year 2 52.00 43.00 51.00
Operating Lease Payments Due in Year 3 38.00 33.00 39.00
Operating Lease Payments Due in Year 4 27.00 23.00 24.00
Operating Lease Payments Due in Year 5 18.00 17.00 22.00
Operating Lease Payments Due in 2-3 Years 90.00 76.00 90.00
Operating Lease Payments Due in 4-5 Years 45.00 40.00 46.00
Standardized Operating Lease Payments Due in Year 6 and Beyond 23.00 19.00 26.00
Pension Obligation - Domestic 100.00 86.00 74.00
Pension Obligation - Foreign 754.00 693.00 703.00
Post-Retirement Obligation 63.00
Plan Assets - Domestic 69.00 57.00 58.00
Plan Assets - Foreign 493.00 502.00 466.00
Plan Assets - Post-Retirement --
Funded Status - Domestic -31.00 -29.00 -16.00
Funded Status - Foreign -261.00 -191.00 -237.00
Funded Status - Post-Retirement -63.00
Accumulated Obligation - Domestic 827.00 746.00
Unfunded Plan Obligations 64.00 61.00
Total Funded Status -356.00 -281.00 -316.00
Discount Rate - Domestic 4.25 4.27 4.79
Discount Rate - Foreign 2.63 3.44 4.23
Discount Rate - Post-Retirement
Compensation Rate - Domestic
Compensation Rate - Foreign 2.76 3.29 3.48
Compensation Rate - Post-Retirement
Prepaid Benefits - Domestic 67.00 68.00 46.00
Prepaid Benefits - Post-Retirement -- -- --
Accrued Liabilities - Domestic -359.00 -288.00 -11.00
Accrued Liabilities - Post-Retirement -64.00 -61.00 -291.00
Net Assets Recognized on Balance Sheet -356.00 -281.00 -256.00
Equity % - Domestic 24.20 22.50 31.68
Debt Securities % - Domestic 64.40 65.50 48.28
Private Investments % - Domestic 2.40 3.10 4.20
Other Investments % - Domestic 9.00 8.90 15.84
Total Plan Obligations 918.00 840.00 840.00
Total Plan Assets 562.00 559.00 524.00

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