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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and equivalents $ 3,289 $ 10,077
Receivables less allowance for bad debts 4,360 5,317
Inventories 2,475 2,993
Prepaid income taxes 703 527
Other current assets 933 1,156
Total current assets 11,760 20,070
Property, plant, and equipment, net of accumulated depreciation 8,741 12,117
Goodwill 2,383 2,385
Deferred income taxes 1,944 552
Other assets 1,927 1,818
Total assets 26,755 36,942
Current liabilities:    
Accounts payable 1,543 2,019
Accrued employee compensation and benefits 535 862
Liabilities for Macondo well incident 369 400
Current maturities of long-term debt 152 659
Other current liabilities 1,032 1,397
Total current liabilities 3,631 5,337
Long-term debt 12,163 14,687
Employee compensation and benefits 449 479
Other liabilities 786 944
Total liabilities 17,029 21,447
Shareholders' equity:    
Common shares, par value $2.50 per share 2,675 2,677
Paid-in capital in excess of par value 184 274
Accumulated other comprehensive loss (360) (363)
Retained earnings 14,445 20,524
Treasury stock, at cost (7,262) (7,650)
Company shareholders' equity 9,682 15,462
Noncontrolling interest in consolidated subsidiaries 44 33
Total shareholders' equity 9,726 15,495
Total liabilities and shareholders' equity $ 26,755 $ 36,942