Balance Sheet
| Year Ending Dec 2018 (Update) | Year Ending Dec 2017 (Update) | Year Ending Dec 2016 (Update) | Year Ending Dec 2015 (Update) | |
|---|---|---|---|---|
| Cash & Equivalents | 890.00 | 2,181.00 | 648.00 | 555.00 |
| Short Term Investments | 1,404.00 | 289.00 | 586.00 | 762.00 |
| Cash and Short Term Investments | 2,294.00 | 2,470.00 | 1,234.00 | 1,317.00 |
| Accounts Receivable - Trade, Gross | 1,687.00 | 1,845.00 | 1,942.00 | 2,019.00 |
| Provision for Doubtful Accounts | -151.00 | -165.00 | -183.00 | -201.00 |
| Accounts Receivable - Trade, Net | 1,773.00 | 1,915.00 | 2,000.00 | 2,058.00 |
| Receivables - Other | 235.00 | 204.00 | 74.00 | 134.00 |
| Total Receivables, Net | 2,008.00 | 2,119.00 | 2,074.00 | 2,192.00 |
| Inventories - Other | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Inventory | 97.00 | 125.00 | 106.00 | 115.00 |
| Prepaid Expenses | 32.00 | 66.00 | 145.00 | 135.00 |
| Discontinued Operations - Current Asset | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Current Assets | 0.00 | 43.00 | 0.00 | 0.00 |
| Other Current Assets, Total | 0.00 | 43.00 | 0.00 | 0.00 |
| Total Current Assets | 4,431.00 | 4,823.00 | 3,559.00 | 3,759.00 |
| Land/Improvements - Gross | 1,449.00 | 1,461.00 | 1,587.00 | 1,648.00 |
| Machinery/Equipment - Gross | 20,323.00 | 19,670.00 | 19,035.00 | 18,707.00 |
| Other Property/Plant/Equipment - Gross | 2,674.00 | 799.00 | 786.00 | 842.00 |
| Property/Plant/Equipment, Total - Gross | 24,446.00 | 21,930.00 | 21,408.00 | 21,197.00 |
| Accumulated Depreciation, Total | -16,728.00 | -15,132.00 | -14,532.00 | -14,303.00 |
| Property/Plant/Equipment, Total - Net | 7,718.00 | 6,798.00 | 6,876.00 | 6,894.00 |
| Goodwill - Gross | 1,431.00 | 1,431.00 | 1,431.00 | 1,431.00 |
| Accumulated Goodwill Amortization | -133.00 | -93.00 | -6.00 | -6.00 |
| Goodwill, Net | 1,298.00 | 1,338.00 | 1,425.00 | 1,425.00 |
| Intangibles - Gross | 3,877.00 | 4,113.00 | 3,977.00 | 3,874.00 |
| Accumulated Intangible Amortization | -3,196.00 | -2,229.00 | -1,923.00 | -1,511.00 |
| Intangibles, Net | 681.00 | 1,884.00 | 2,054.00 | 2,363.00 |
| LT Investment - Affiliate Companies | 0.00 | 0.00 | 0.00 | 25.00 |
| LT Investments - Other | 58.00 | 0.00 | 0.00 | 0.00 |
| Long Term Investments | 58.00 | 0.00 | 0.00 | 25.00 |
| Note Receivable - Long Term | 470.00 | 493.00 | 644.00 | 674.00 |
| Deferred Charges | 462.00 | 494.00 | 382.00 | 361.00 |
| Deferred Income Tax - Long Term Asset | 1,205.00 | 1,019.00 | 1,007.00 | 1,178.00 |
| Other Long Term Assets, Total | 1,667.00 | 1,513.00 | 1,389.00 | 1,539.00 |
| Total Assets | 16,323.00 | 16,849.00 | 15,947.00 | 16,679.00 |
| Payable/Accrued | 883.00 | 1,062.00 | 900.00 | 913.00 |
| Accrued Expenses | 616.00 | 320.00 | 471.00 | 540.00 |
| Notes Payable/Short Term Debt | 0.00 | 0.00 | 0.00 | 0.00 |
| Current Portion of Long Term Debt/Capital Leases | 1,987.00 | 1,632.00 | 1,825.00 | 1,913.00 |
| Dividends Payable | 0.00 | 0.00 | 0.00 | 0.00 |
| Customer Advances | 258.00 | 90.00 | 82.00 | 85.00 |
| Income Taxes Payable | 0.00 | 152.00 | 104.00 | 624.00 |
| Other Payables | 471.00 | 453.00 | 462.00 | 475.00 |
| Other Current Liabilities | 218.00 | 148.00 | 122.00 | 355.00 |
| Other Current liabilities, Total | 947.00 | 843.00 | 770.00 | 1,539.00 |
| Total Current Liabilities | 4,433.00 | 3,857.00 | 3,966.00 | 4,905.00 |
| Long Term Debt | 9,637.00 | 10,229.00 | 9,128.00 | 8,800.00 |
| Capital Lease Obligations | 1,106.00 | 0.00 | 0.00 | 0.00 |
| Total Long Term Debt | 10,743.00 | 10,229.00 | 9,128.00 | 8,800.00 |
| Total Debt | 12,730.00 | 11,861.00 | 10,953.00 | 10,713.00 |
| Deferred Income Tax - Long Term Liability | 56.00 | 73.00 | 101.00 | 51.00 |
| Deferred Income Tax | 56.00 | 73.00 | 101.00 | 51.00 |
| Minority Interest | 0.00 | 0.00 | 0.00 | 0.00 |
| Reserves | 38.00 | 40.00 | 47.00 | 46.00 |
| Pension Benefits - Underfunded | 445.00 | 272.00 | 258.00 | 240.00 |
| Other Long Term Liabilities | 174.00 | 234.00 | 244.00 | 226.00 |
| Other Liabilities, Total | 657.00 | 546.00 | 549.00 | 512.00 |
| Total Liabilities | 15,889.00 | 14,705.00 | 13,744.00 | 14,268.00 |
| Common Stock | 3,878.00 | 3,878.00 | 3,878.00 | 3,874.00 |
| Common Stock, Total | 3,878.00 | 3,878.00 | 3,878.00 | 3,874.00 |
| Additional Paid-In Capital | 384.00 | 384.00 | 384.00 | 368.00 |
| Retained Earnings (Accumulated Deficit) | -3,769.00 | -2,033.00 | -1,971.00 | -1,733.00 |
| Other Equity | -59.00 | -85.00 | -88.00 | -98.00 |
| Other Equity, Total | -59.00 | -85.00 | -88.00 | -98.00 |
| Total Equity | 434.00 | 2,144.00 | 2,203.00 | 2,411.00 |
| Total Liabilities & Shareholders' Equity | 16,323.00 | 16,849.00 | 15,947.00 | 16,679.00 |
| Shares Outstanding – Common Stock Primary Issue | 2,765.49 | 2,765.49 | 2,765.47 | 2,765.41 |
| Total Common Shares Outstanding | 2,765.49 | 2,765.49 | 2,765.47 | 2,765.41 |
| Treasury Shares – Common Primary Issue | 0.00 | 0.00 | 0.00 | 0.00 |
| Employees | 5,638.00 | 5,582.00 | 5,649.00 | 5,986.00 |
| Accumulated Goodwill Amortization | 133.00 | 93.00 | 6.00 | 6.00 |
| Accumulated Intangible Amortization | 3,196.00 | 2,229.00 | 1,923.00 | 1,511.00 |
| Deferred Revenue - Current | 258.00 | 90.00 | 82.00 | 85.00 |
| Deferred Revenue - Long Term | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Current Assets less Inventory | 4,334.00 | 4,698.00 | 3,453.00 | 3,644.00 |
| Quick Ratio | 0.98 | 1.22 | 0.87 | 0.74 |
| Current Ratio | 1.00 | 1.25 | 0.90 | 0.77 |
| Net Debt | 10,436.00 | 9,391.00 | 9,719.00 | 9,396.00 |
| Tangible Book Value | -1,545.00 | -1,078.00 | -1,276.00 | -1,377.00 |
| Tangible Book Value per Share | -0.56 | -0.39 | -0.46 | -0.50 |
| Total Long Term Debt, Supplemental | 0.00 | 0.00 | 0.00 | 0.00 |
| Long Term Debt Maturing within 1 Year | 0.00 | 0.00 | 0.00 | 0.00 |
| Long Term Debt Maturing in Year 6 & Beyond | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Operating Leases | 2,220.00 | 1,020.00 | 1,215.00 | 1,279.00 |
| Operating Lease Payments Due in Year 1 | 580.00 | 310.00 | 369.00 | 370.00 |
| Operating Lease Payments Due in Year 2 | 439.00 | 287.00 | 308.00 | 331.00 |
| Operating Lease Payments Due in Year 3 | 345.00 | 213.00 | 248.00 | 236.00 |
| Operating Lease Payments Due in Year 4 | 307.00 | 86.00 | 125.00 | 139.00 |
| Operating Lease Payments Due in Year 5 | 0.00 | 50.00 | 55.00 | 99.00 |
| Operating Lease Payments Due in 2-3 Years | 784.00 | 500.00 | 556.00 | 567.00 |
| Operating Lease Payments Due in 4-5 Years | 307.00 | 136.00 | 180.00 | 238.00 |
| Standardized Operating Lease Payments Due in Year 6 and Beyond | 549.00 | 74.00 | 110.00 | 104.00 |
| Pension Obligation - Domestic | 218.00 | 224.00 | 212.00 | 221.00 |
| Plan Assets - Domestic | 164.00 | 167.00 | 161.00 | 166.00 |
| Funded Status - Domestic | -54.00 | -57.00 | -51.00 | -55.00 |
| Total Funded Status | -54.00 | -57.00 | -51.00 | -55.00 |
| Discount Rate - Domestic | 3.73 | 3.30 | 4.20 | 4.10 |
| Total Plan Obligations | 218.00 | 224.00 | 212.00 | 221.00 |
| Total Plan Assets | 164.00 | 167.00 | 161.00 | 166.00 |
Copyright Thomson Reuters Corporation
In millions of USD (except for per share items)