Balance Sheet
| Year Ending Dec 2023 (Update) | Year Ending Dec 2022 (Update) | Year Ending Dec 2021 (Update) | Year Ending Dec 2020 (Update) | |
|---|---|---|---|---|
| Cash & Equivalents | 563.00 | 741.00 | 973.00 | 840.00 |
| Short Term Investments | 1,205.00 | 910.00 | 954.00 | 724.00 |
| Cash and Short Term Investments | 1,768.00 | 1,651.00 | 1,927.00 | 1,564.00 |
| Accounts Receivable - Trade, Gross | 1,477.00 | 1,440.00 | 1,859.00 | 1,621.00 |
| Provision for Doubtful Accounts | 0.00 | 0.00 | 0.00 | 0.00 |
| Accounts Receivable - Trade, Net | 1,477.00 | 1,440.00 | 1,859.00 | 1,621.00 |
| Receivables - Other | 99.00 | 252.00 | 244.00 | 147.00 |
| Total Receivables, Net | 1,576.00 | 1,692.00 | 2,103.00 | 1,768.00 |
| Total Inventory | 82.00 | 85.00 | 74.00 | 73.00 |
| Prepaid Expenses | 63.00 | 36.00 | 35.00 | 31.00 |
| Discontinued Operations - Current Asset | 0.00 | 0.00 | 0.00 | 10.00 |
| Other Current Assets, Total | 0.00 | 0.00 | 0.00 | 10.00 |
| Total Current Assets | 3,489.00 | 3,464.00 | 4,139.00 | 3,446.00 |
| Land/Improvements - Gross | 1,360.00 | 1,314.00 | 1,282.00 | 1,311.00 |
| Machinery/Equipment - Gross | 22,815.00 | 22,188.00 | 21,961.00 | 21,557.00 |
| Other Property/Plant/Equipment - Gross | 3,862.00 | 3,528.00 | 3,605.00 | 3,423.00 |
| Property/Plant/Equipment, Total - Gross | 28,037.00 | 27,030.00 | 26,848.00 | 26,291.00 |
| Accumulated Depreciation, Total | -19,339.00 | -18,742.00 | -18,708.00 | -18,356.00 |
| Property/Plant/Equipment, Total - Net | 8,698.00 | 8,288.00 | 8,140.00 | 7,935.00 |
| Goodwill - Gross | 1,430.00 | 1,430.00 | 1,421.00 | 1,421.00 |
| Accumulated Goodwill Amortization | -1,080.00 | -1,080.00 | -1,080.00 | -1,080.00 |
| Goodwill, Net | 350.00 | 350.00 | 341.00 | 341.00 |
| Intangibles - Gross | 3,834.00 | 4,469.00 | 4,388.00 | 4,198.00 |
| Accumulated Intangible Amortization | -3,243.00 | -3,850.00 | -3,757.00 | -3,543.00 |
| Intangibles, Net | 591.00 | 619.00 | 631.00 | 655.00 |
| LT Investment - Affiliate Companies | 0.00 | 0.00 | 0.00 | 0.00 |
| LT Investments - Other | 0.00 | 0.00 | 0.00 | 0.00 |
| Long Term Investments | 0.00 | 0.00 | 0.00 | 0.00 |
| Note Receivable - Long Term | 446.00 | 460.00 | 433.00 | 514.00 |
| Deferred Charges | 304.00 | 231.00 | 226.00 | 242.00 |
| Deferred Income Tax - Long Term Asset | 0.00 | 0.00 | 24.00 | 108.00 |
| Other Long Term Assets, Total | 304.00 | 231.00 | 250.00 | 350.00 |
| Total Assets | 13,878.00 | 13,412.00 | 13,934.00 | 13,241.00 |
| Payable/Accrued | 1,424.00 | 901.00 | 955.00 | 940.00 |
| Accrued Expenses | 358.00 | 422.00 | 532.00 | 506.00 |
| Notes Payable/Short Term Debt | 0.00 | 0.00 | 0.00 | 0.00 |
| Current Portion of Long Term Debt/Capital Leases | 1,507.00 | 1,377.00 | 1,446.00 | 1,201.00 |
| Customer Advances | 224.00 | 171.00 | 158.00 | 168.00 |
| Income Taxes Payable | 72.00 | 0.00 | 0.00 | 0.00 |
| Other Payables | 0.00 | 494.00 | 578.00 | 576.00 |
| Other Current Liabilities | 95.00 | 169.00 | 104.00 | 168.00 |
| Other Current liabilities, Total | 391.00 | 834.00 | 840.00 | 912.00 |
| Total Current Liabilities | 3,680.00 | 3,534.00 | 3,773.00 | 3,559.00 |
| Long Term Debt | 5,889.00 | 6,352.00 | 7,082.00 | 7,614.00 |
| Capital Lease Obligations | 1,608.00 | 1,452.00 | 1,511.00 | 1,492.00 |
| Total Long Term Debt | 7,497.00 | 7,804.00 | 8,593.00 | 9,106.00 |
| Total Debt | 9,004.00 | 9,181.00 | 10,039.00 | 10,307.00 |
| Deferred Income Tax - Long Term Liability | 64.00 | 61.00 | 38.00 | 32.00 |
| Deferred Income Tax | 64.00 | 61.00 | 38.00 | 32.00 |
| Minority Interest | 1.00 | 1.00 | 0.00 | 0.00 |
| Reserves | 29.00 | 37.00 | 49.00 | 52.00 |
| Pension Benefits - Underfunded | 251.00 | 201.00 | 243.00 | 335.00 |
| Other Long Term Liabilities | 160.00 | 151.00 | 142.00 | 307.00 |
| Other Liabilities, Total | 440.00 | 389.00 | 434.00 | 694.00 |
| Total Liabilities | 11,682.00 | 11,789.00 | 12,838.00 | 13,391.00 |
| Common Stock | 3,879.00 | 3,878.00 | 3,878.00 | 3,878.00 |
| Common Stock, Total | 3,879.00 | 3,878.00 | 3,878.00 | 3,878.00 |
| Additional Paid-In Capital | 387.00 | 384.00 | 384.00 | 384.00 |
| Retained Earnings (Accumulated Deficit) | -2,070.00 | -2,645.00 | -3,167.00 | -4,349.00 |
| ESOP Debt Guarantee | 0.00 | 38.00 | 27.00 | 0.00 |
| Other Equity | 0.00 | -32.00 | -26.00 | -63.00 |
| Other Equity, Total | 0.00 | -32.00 | -26.00 | -63.00 |
| Total Equity | 2,196.00 | 1,623.00 | 1,096.00 | -150.00 |
| Total Liabilities & Shareholders' Equity | 13,878.00 | 13,412.00 | 13,934.00 | 13,241.00 |
| Shares Outstanding – Common Stock Primary Issue | 2,766.84 | 2,765.57 | 2,765.49 | 2,765.49 |
| Total Common Shares Outstanding | 2,766.84 | 2,765.57 | 2,765.49 | 2,765.49 |
| Treasury Shares – Common Primary Issue | 0.00 | 0.00 | 0.00 | 0.00 |
| Employees | 5,432.00 | 5,598.00 | 5,475.00 | 5,408.00 |
| Accumulated Goodwill Amortization | 1,080.00 | 1,080.00 | 1,080.00 | 1,080.00 |
| Accumulated Intangible Amortization | 3,243.00 | 3,850.00 | 3,757.00 | 3,543.00 |
| Deferred Revenue - Current | 224.00 | 171.00 | 158.00 | 168.00 |
| Total Current Assets less Inventory | 3,407.00 | 3,379.00 | 4,065.00 | 3,373.00 |
| Quick Ratio | 0.93 | 0.96 | 1.08 | 0.95 |
| Current Ratio | 0.95 | 0.98 | 1.10 | 0.97 |
| Net Debt | 7,237.00 | 7,531.00 | 8,112.00 | 8,743.00 |
| Tangible Book Value | 1,255.00 | 654.00 | 124.00 | -1,146.00 |
| Tangible Book Value per Share | 0.45 | 0.24 | 0.04 | -0.41 |
| Total Operating Leases | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Lease Payments Due in Year 1 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Lease Payments Due in Year 2 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Lease Payments Due in Year 3 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Lease Payments Due in Year 4 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Lease Payments Due in Year 5 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Lease Payments Due in 2-3 Years | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Lease Payments Due in 4-5 Years | 0.00 | 0.00 | 0.00 | 0.00 |
| Standardized Operating Lease Payments Due in Year 6 and Beyond | 0.00 | 0.00 | 0.00 | 0.00 |
| Pension Obligation - Domestic | 200.00 | 201.00 | 223.00 | 214.00 |
| Plan Assets - Domestic | 150.00 | 149.00 | 163.00 | 156.00 |
| Funded Status - Domestic | -50.00 | -52.00 | -60.00 | -58.00 |
| Total Funded Status | -50.00 | -52.00 | -60.00 | -58.00 |
| Discount Rate - Domestic | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Plan Obligations | 200.00 | 201.00 | 223.00 | 214.00 |
| Total Plan Assets | 150.00 | 149.00 | 163.00 | 156.00 |
Source: LSEG
In millions of USD (except for per share items)