Consolidated statement of financial position (audited)
| ($ in millions except per share amounts) | |||
| At December 31: | Notes | 2008 | 2007 |
|---|---|---|---|
|
* Reclassified to conform with 2008 presentation of deferred taxes, previously combined in investments and sundry assets. The accompanying notes are an integral part of the financial statements. |
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| Assets | |||
| Current assets: | |||
| Cash and cash equivalents | $12,741 | $14,991 | |
| Marketable securities | E | 166 | 1,155 |
| Notes and accounts receivable — trade (net of allowances of $226 in 2008 and $241 in 2007) | 10,906 | 11,428 | |
| Short-term financing receivables (net of allowances of $351 in 2008 and $296 in 2007) | G | 15,477 | 16,289 |
| Other accounts receivable (net of allowances of $55 in 2008 and $13 in 2007) | 1,172 | 1,072 | |
| Inventories | F | 2,701 | 2,664 |
| Deferred taxes | P | 1,542 | 1,687 |
| Prepaid expenses and other current assets | 4,299 | 3,891 | |
| Total current assets | 49,004 | 53,177 | |
| Plant, rental machines and other property | H | 38,445 | 38,584 |
| Less: Accumulated depreciation | H | 24,140 | 23,503 |
| Plant, rental machines and other property — net | H | 14,305 | 15,081 |
| Long-term financing receivables (net of allowances of $179 in 2008 and $58 in 2007) | G | 11,183 | 11,603 |
| Prepaid pension assets | U | 1,601 | 17,417 |
| Deferred taxes* | P | 7,270 | 1,513 |
| Goodwill | J | 18,226 | 14,285 |
| Intangible assets — net | J | 2,878 | 2,107 |
| Investments and sundry assets* | I | 5,058 | 5,248 |
| Total assets | $109,524 | $120,431 | |
Liabilities and stockholders’ equity |
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| Current liabilities: | |||
| Taxes | P | $2,743 | $3,673 |
| Short-term debt | K&L | 11,236 | 12,235 |
| Accounts payable | 7,014 | 8,054 | |
| Compensation and benefits | 4,623 | 4,645 | |
| Deferred income | 10,239 | 9,802 | |
| Other accrued expenses and liabilities | 6,580 | 5,901 | |
| Total current liabilities | 42,435 | 44,310 | |
| Long-term debt | K&L | 22,689 | 23,039 |
| Retirement and nonpension postretirement benefit obligations | U | 19,452 | 13,582 |
| Deferred income | 3,171 | 3,060 | |
| Other liabilities | M | 8,311 | 7,970 |
| Total liabilities | 96,058 | 91,962 | |
| Contingencies and Commitments | O | ||
| Stockholders’ equity: | N | ||
| Common stock, par value $.20 per share and additional paid-in capital | 39,129 | 35,188 | |
| Shares authorized: 4,687,500,000 | |||
| Shares issued (2008 — 2,096,981,860; 2007 — 2,057,607,421) |
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| Retained earnings | 70,353 | 60,640 | |
| Treasury stock, at cost (shares: 2008 — 757,885,937; 2007 — 672,373,283) |
(74,171) | (63,945) | |
| Accumulated gains and (losses) not affecting retained earnings | N | (21,845) | (3,414) |
| Total stockholders’ equity | 13,465 | 28,470 | |
| Total liabilities and stockholders’ equity | $109,524 | $120,431 | |
