Consolidated statement of financial position (audited)
| ($ in millions except per share amount) | |||
| At December 31: | Notes | 2007 | 2006 |
|---|---|---|---|
|
* Reclassified to conform with 2007 presentation of new Deferred income category, previously combined in Other liabilities. The accompanying notes are an integral part of the financial statements. |
|||
| Assets | |||
| Current assets: | |||
| Cash and cash equivalents | $ 14,991 | $ 8,022 | |
| Marketable securities | D | 1,155 | 2,634 |
| Notes and accounts receivable—trade (net of allowances of $241 in 2007 and $221 in 2006) | 11,428 | 10,789 | |
| Short-term financing receivables (net of allowances of $296 in 2007 and $307 in 2006) | F | 16,289 | 15,095 |
| Other accounts receivable (net of allowances of $13 in 2007 and $15 in 2006) | 1,072 | 964 | |
| Inventories | E | 2,664 | 2,810 |
| Deferred taxes | O | 1,687 | 1,806 |
| Prepaid expenses and other current assets | 3,891 | 2,539 | |
| Total current assets | 53,177 | 44,660 | |
| Plant, rental machines and other property | G | 38,584 | 36,521 |
| Less: Accumulated depreciation | G | 23,503 | 22,082 |
| Plant, rental machines and other property—net | G | 15,081 | 14,440 |
| Long-term financing receivables | F | 11,603 | 10,068 |
| Prepaid pension assets | U | 17,417 | 10,629 |
| Goodwill | I | 14,285 | 12,854 |
| Intangible assets—net | I | 2,107 | 2,202 |
| Investments and sundry assets | H | 6,761 | 8,381 |
| Total Assets | $ 120,431 | $ 103,234 | |
| Liabilities and Stockholders’ Equity | |||
| Current liabilities: | |||
| Taxes | O | $ 3,673 | $ 4,670 |
| Short-term debt | J&K | 12,235 | 8,902 |
| Accounts payable | 8,054 | 7,964 | |
| Compensation and benefits | 4,645 | 4,595 | |
| Deferred income | 9,802 | 8,587 | |
| Other accrued expenses and liabilities | 5,901 | 5,372 | |
| Total current liabilities | 44,310 | 40,091 | |
| Long-term debt | J&K | 23,039 | 13,780 |
| Retirement and nonpension postretirement benefit obligations | U | 13,582 | 13,553 |
| Deferred income | 3,060 | 2,502* | |
| Other liabilities | L | 7,970 | 4,801* |
| Total Liabilities | 91,962 | 74,728 | |
| Contingencies and Commitments | N | ||
| Stockholders’ equity: | M | ||
| Common stock, par value $.20 per share and additional paid-in capital | 35,188 | 31,271 | |
| Shares authorized: 4,687,500,000 | |||
| Shares issued (2007—2,057,607,421; 2006—2,008,470,383) | |||
| Retained earnings | 60,640 | 52,432 | |
| Treasury stock, at cost (shares: 2007—672,373,283; 2006—501,987,771) | (63,945) | (46,296) | |
| Accumulated gains and (losses) not affecting retained earnings | M | (3,414) | (8,901) |
| Total Stockholders’ Equity | 28,470 | 28,506 | |
| Total Liabilities and Stockholders’ Equity | $ 120,431 | $ 103,234 | |
