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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2015
Dec. 31, 2014
Current Assets:    
Cash and cash equivalents $ 2,324 $ 1,740
Accounts receivable - less allowance for doubtful accounts (2015 - $383; 2014 - $224) 3,217 5,418
Inventories, net 2,917 4,074
Deferred income taxes 301 418
Other current assets 509 395
Total current assets 9,268 12,045
Property, plant and equipment - less accumulated depreciation (2015 - $7,378; 2014 - $8,215) 6,693 9,063
Goodwill 6,070 6,081
Intangible assets, net 583 812
Other assets 1,466 826
Total assets 24,080 28,827
Current Liabilities:    
Accounts payable 1,409 2,807
Short-term debt and current portion of long-term debt 151 220
Accrued employee compensation 690 782
Income taxes payable 55 265
Other accrued liabilities 470 563
Total current liabilities 2,775 4,637
Long-term debt 3,890 3,913
Deferred income taxes and other tax liabilities 252 740
Liabilities for pensions and other postretirement benefits 646 629
Other liabilities $ 135 $ 178
Commitments and contingencies
Equity:    
Common stock, one dollar par value (shares authorized - 750; issued and outstanding: 2015 - 437; 2014 - 434) $ 437 $ 434
Capital in excess of par value 7,261 7,062
Retained earnings 9,614 11,878
Accumulated other comprehensive loss (1,005) (749)
Treasury stock (9) 0
Baker Hughes stockholders’ equity 16,298 18,625
Noncontrolling interests 84 105
Total equity 16,382 18,730
Total liabilities and equity $ 24,080 $ 28,827