Consolidated Balance Sheets

(XLS:)

December 31 ($ in millions, except share data)

2011

2010

Cash and equivalents

4,819

5,897

Marketable securities and short-term investments

948

2,713

Receivables, net

10,773

9,970

Inventories, net

5,737

4,878

Prepaid expenses

227

193

Deferred taxes

932

896

Other current assets

351

801

Total current assets

23,787

25,348

 

 

 

Property, plant and equipment, net

4,922

4,356

Goodwill

7,269

4,085

Other intangible assets, net

2,253

701

Prepaid pension and other employee benefits

139

173

Investments in equity-accounted companies

156

19

Deferred taxes

318

846

Other non-current assets

804

767

Total assets

39,648

36,295

 

 

 

Accounts payable, trade

4,789

4,555

Billings in excess of sales

1,819

1,730

Employee and other payables

1,361

1,526

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

765

1,043

Advances from customers

1,757

1,764

Deferred taxes

305

357

Provisions for warranties

1,324

1,393

Provisions and other current liabilities

2,619

2,726

Accrued expenses

1,822

1,644

Total current liabilities

16,561

16,738

 

 

 

Long-term debt

3,231

1,139

Pension and other employee benefits

1,487

831

Deferred taxes

537

411

Other non-current liabilities

1,496

1,718

Total liabilities

23,312

20,837

 

 

 

Commitments and contingencies

 

 

 

 

 

Stockholders’ equity:

 

 

Capital stock and additional paid-in capital (2,314,743,264 and 2,308,782,064 issued shares at December 31, 2011 and 2010, respectively)

1,621

1,454

Retained earnings

16,988

15,389

Accumulated other comprehensive loss

(2,408)

(1,517)

Treasury stock, at cost (24,332,144 and 25,317,453 shares at December 31, 2011 and 2010, respectively)

(424)

(441)

Total ABB stockholders’ equity

15,777

14,885

Noncontrolling interests

559

573

Total stockholders’ equity

16,336

15,458

Total liabilities and stockholders’ equity

39,648

36,295

See accompanying Notes to the Consolidated Financial Statements

Financial review

© Copyright 2012 ABB.