Consolidated Balance Sheets

December 31 ($ in millions, except share data)

2017

2016

Due to rounding, numbers presented may not add to the totals provided.

See accompanying Notes to the Consolidated Financial Statements.

Cash and equivalents

4,526

3,644

Marketable securities and short-term investments

1,102

1,953

Receivables, net

10,416

9,696

Inventories, net

5,059

4,347

Prepaid expenses

189

176

Other current assets

647

688

Assets held for sale

548

Total current assets

21,939

21,052

 

 

 

Property, plant and equipment, net

5,363

4,743

Goodwill

11,199

9,501

Other intangible assets, net

2,622

1,996

Prepaid pension and other employee benefits

144

90

Investments in equity-accounted companies

158

170

Deferred taxes

1,250

1,118

Other non-current assets

587

532

Total assets

43,262

39,202

 

 

 

Accounts payable, trade

5,419

4,446

Billings in excess of sales

1,251

1,241

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

738

1,003

Advances from customers

1,367

1,398

Provisions for warranties

1,231

1,142

Other provisions

1,882

1,765

Other current liabilities

4,385

3,936

Liabilities held for sale

218

Total current liabilities

16,273

15,149

 

 

 

Long-term debt

6,709

5,800

Pension and other employee benefits

1,882

1,834

Deferred taxes

1,099

918

Other non-current liabilities

1,950

1,604

Total liabilities

27,913

25,305

 

 

 

Commitments and contingencies

 

 

Stockholders’ equity:

 

 

Common stock, CHF 0.12 par value
(2,168,148,264 and 2,214,743,264 issued shares at December 31, 2017 and 2016, respectively)

188

192

Additional paid-in capital

29

24

Retained earnings

19,594

19,925

Accumulated other comprehensive loss

(4,345)

(5,187)

Treasury stock, at cost
(29,541,775 and 76,036,429 shares at December 31, 2017 and 2016, respectively)

(647)

(1,559)

Total ABB stockholders’ equity

14,819

13,395

Noncontrolling interests

530

502

Total stockholders’ equity

15,349

13,897

Total liabilities and stockholders’ equity

43,262

39,202