Consolidated Condensed Balance Sheets - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 3,736	$ 2,324
Accounts receivable - less allowance for doubtful accounts (2016 - $558; 2015 - $383)	2,207	3,217
Inventories, net	1,966	2,917
Deferred income taxes	159	301
Other current assets	934	509
Total current assets	9,002	9,268
Property, plant and equipment - less accumulated depreciation (2016 - $6,759; 2015 - $7,378)	4,874	6,693
Goodwill	4,216	6,070
Intangible assets, net	407	583
Other assets	992	1,466
Total assets	19,491	24,080
Current liabilities:
Accounts payable	951	1,409
Short-term debt and current portion of long-term debt	127	151
Accrued employee compensation	466	690
Income taxes payable	131	55
Other accrued liabilities	549	470
Total current liabilities	2,224	2,775
Long-term debt	2,895	3,890
Deferred income taxes and other tax liabilities	382	252
Liabilities for pensions and other postretirement benefits	631	646
Other liabilities	122	135
Commitments and contingencies
Equity:
Common stock, one dollar par value (shares authorized - 750; issued and outstanding: 2016 - 423; 2015 - 437)	423	437
Capital in excess of par value	6,625	7,261
Retained earnings	7,072	9,614
Accumulated other comprehensive loss	(939)	(1,005)
Treasury stock	(22)	(9)
Baker Hughes stockholders’ equity	13,159	16,298
Noncontrolling interests	78	84
Total equity	13,237	16,382
Total liabilities and equity	$ 19,491	$ 24,080

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

Name:	us-gaap_AccountsPayableCurrent
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

- Definition

Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.