Consolidated Balance Sheets

December 31 ($ in millions, except share data)

2018

2017

Due to rounding, numbers presented may not add to the totals provided.

See accompanying Notes to the Consolidated Financial Statements.

Cash and equivalents

3,445

4,526

Marketable securities and short-term investments

712

1,083

Receivables, net

6,386

5,861

Contract assets

1,082

1,141

Inventories, net

4,284

3,737

Prepaid expenses

176

159

Other current assets

616

585

Current assets held for sale

5,164

5,043

Total current assets

21,865

22,135

 

 

 

Property, plant and equipment, net

4,133

3,804

Goodwill

10,764

9,536

Other intangible assets, net

2,607

2,425

Prepaid pension and other employee benefits

83

143

Investments in equity-accounted companies

87

72

Deferred taxes

1,006

1,212

Other non-current assets

469

571

Non-current assets held for sale

3,427

3,560

Total assets

44,441

43,458

 

 

 

Accounts payable, trade

4,424

3,736

Contract liabilities

1,707

1,792

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

2,031

726

Provisions for warranties

948

909

Other provisions

1,372

1,277

Other current liabilities

3,780

3,509

Current liabilities held for sale

4,185

4,520

Total current liabilities

18,447

16,469

 

 

 

Long-term debt

6,587

6,682

Pension and other employee benefits

1,828

1,589

Deferred taxes

927

1,050

Other non-current liabilities

1,689

1,849

Non-current liabilities held for sale

429

470

Total liabilities

29,907

28,109

 

 

 

Commitments and contingencies

 

 

Stockholders’ equity:

 

 

Common stock, CHF 0.12 par value (2,168,148,264 issued shares at December 31, 2018 and 2017)

188

188

Additional paid-in capital

56

29

Retained earnings

19,839

19,594

Accumulated other comprehensive loss

(5,311)

(4,345)

Treasury stock, at cost (36,185,858 and 29,541,775 shares at December 31, 2018 and 2017, respectively)

(820)

(647)

Total ABB stockholders’ equity

13,952

14,819

Noncontrolling interests

582

530

Total stockholders’ equity

14,534

15,349

 

 

 

Total liabilities and stockholders’ equity

44,441

43,458