Consolidated Balance Sheets

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December 31 ($ in millions, except share data)

2013

2012

See accompanying Notes to the Consolidated Financial Statements

Cash and equivalents

6,021

6,875

Marketable securities and short-term investments

464

1,606

Receivables, net

12,146

11,575

Inventories, net

6,004

6,182

Prepaid expenses

252

311

Deferred taxes

832

869

Other current assets

706

584

Total current assets

26,425

28,002

 

 

 

Property, plant and equipment, net

6,254

5,947

Goodwill

10,670

10,226

Other intangible assets, net

3,297

3,501

Prepaid pension and other employee benefits

93

71

Investments in equity-accounted companies

197

213

Deferred taxes

370

334

Other non-current assets

758

776

Total assets

48,064

49,070

 

 

 

Accounts payable, trade

5,112

4,992

Billings in excess of sales

1,714

2,035

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

453

2,537

Advances from customers

1,726

1,937

Deferred taxes

259

270

Provisions for warranties

1,362

1,291

Other provisions

1,807

1,575

Other current liabilities

4,242

4,337

Total current liabilities

16,675

18,974

 

 

 

Long-term debt

7,570

7,534

Pension and other employee benefits

1,639

2,290

Deferred taxes

1,265

1,260

Other non-current liabilities

1,707

1,566

Total liabilities

28,856

31,624

 

 

 

Commitments and contingencies

 

 

 

 

 

Stockholders’ equity:

 

 

Capital stock and additional paid-in capital
(2,314,743,264 issued shares at December 31, 2013 and 2012)

1,750

1,691

Retained earnings

19,186

18,066

Accumulated other comprehensive loss

(2,012)

(2,523)

Treasury stock, at cost
(14,093,960 and 18,793,989 shares at December 31, 2013 and 2012, respectively)

(246)

(328)

Total ABB stockholders’ equity

18,678

16,906

Noncontrolling interests

530

540

Total stockholders’ equity

19,208

17,446

Total liabilities and stockholders’ equity

48,064

49,070