Consolidated Balance Sheets

December 31 ($ in millions, except share data)

2014

2013

See accompanying Notes to the Consolidated Financial Statements

Cash and equivalents

5,443

6,021

Marketable securities and short-term investments

1,325

464

Receivables, net

11,078

12,146

Inventories, net

5,376

6,004

Prepaid expenses

218

252

Deferred taxes

902

832

Other current assets

644

706

Total current assets

24,986

26,425

 

 

 

Property, plant and equipment, net

5,652

6,254

Goodwill

10,053

10,670

Other intangible assets, net

2,702

3,297

Prepaid pension and other employee benefits

70

93

Investments in equity-accounted companies

177

197

Deferred taxes

511

370

Other non-current assets

727

758

Total assets

44,878

48,064

 

 

 

Accounts payable, trade

4,765

5,112

Billings in excess of sales

1,455

1,714

Short-term debt and current maturities of long-term debt

353

453

Advances from customers

1,624

1,726

Deferred taxes

289

259

Provisions for warranties

1,148

1,362

Other provisions

1,689

1,807

Other current liabilities

4,257

4,242

Total current liabilities

15,580

16,675

 

 

 

Long-term debt

7,338

7,570

Pension and other employee benefits

2,394

1,639

Deferred taxes

1,165

1,265

Other non-current liabilities

1,586

1,707

Total liabilities

28,063

28,856

 

 

 

Commitments and contingencies

 

 

 

 

 

Stockholders’ equity:

 

 

Capital stock and additional paid-in capital
(2,314,743,264 issued shares at December 31, 2014 and 2013)

1,777

1,750

Retained earnings

19,939

19,186

Accumulated other comprehensive loss

(4,241)

(2,012)

Treasury stock, at cost
(55,843,639 and 14,093,960 shares at December 31, 2014 and 2013, respectively)

(1,206)

(246)

Total ABB stockholders’ equity

16,269

18,678

Noncontrolling interests

546

530

Total stockholders’ equity

16,815

19,208

Total liabilities and stockholders’ equity

44,878

48,064