Consolidated Balance Sheets

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December 31 ($ in millions, except share data)

2012

2011

See accompanying Notes to the Consolidated Financial Statements

Cash and equivalents

6,875

4,819

Marketable securities and short-term investments

1,606

948

Receivables, net

11,575

10,773

Inventories, net

6,182

5,737

Prepaid expenses

311

227

Deferred taxes

869

932

Other current assets

584

351

Total current assets

28,002

23,787

 

 

 

Property, plant and equipment, net

5,947

4,922

Goodwill

10,226

7,269

Other intangible assets, net

3,501

2,253

Prepaid pension and other employee benefits

71

139

Investments in equity-accounted companies

213

156

Deferred taxes

334

318

Other non-current assets

776

804

Total assets

49,070

39,648

 

 

 

Accounts payable, trade

4,992

4,789

Billings in excess of sales

2,035

1,819

Employee and other payables

1,449

1,361

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

2,537

765

Advances from customers

1,937

1,757

Deferred taxes

270

305

Provisions for warranties

1,291

1,324

Provisions and other current liabilities

2,367

2,619

Accrued expenses

2,096

1,822

Total current liabilities

18,974

16,561

 

 

 

Long-term debt

7,534

3,231

Pension and other employee benefits

2,290

1,487

Deferred taxes

1,260

537

Other non-current liabilities

1,566

1,496

Total liabilities

31,624

23,312

 

 

 

Commitments and contingencies

 

 

 

 

 

Stockholders’ equity:

 

 

Capital stock and additional paid-in capital
(2,314,743,264 issued shares at December 31, 2012 and 2011)

1,691

1,621

Retained earnings

18,066

16,988

Accumulated other comprehensive loss

(2,523)

(2,408)

Treasury stock, at cost
(18,793,989 and 24,332,144 shares at December 31, 2012 and 2011, respectively)

(328)

(424)

Total ABB stockholders’ equity

16,906

15,777

Noncontrolling interests

540

559

Total stockholders’ equity

17,446

16,336

Total liabilities and stockholders’ equity

49,070

39,648