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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 224 $ 464
Trade accounts receivable 689 953
Income and other tax receivables 1,414 1,322
Other accounts receivable 174 288
Inventories:    
Materials and supplies, net [1] 1,869 1,886
Mill and leach stockpiles 1,724 1,914
Product 1,195 1,561
Other current assets 173 657
Total current assets 7,462 9,045
Property, plant, equipment and mining development costs, net 27,509 26,220
Oil and gas properties, net - full cost method:    
Subject to amortization, less accumulated amortization and impairment of $22,276 and $7,360, respectively 2,262 9,187
Not subject to amortization 4,831 10,087
Long-term mill and leach stockpiles 2,271 2,179
Other assets 2,242 1,956
Total assets 46,577 58,674
Current liabilities:    
Accounts payable and accrued liabilities 3,355 3,653
Current portion of debt 649 478
Current portion of environmental and asset retirement obligations 272 296
Accrued income taxes 23 410
Dividends payable 8 335
Total current liabilities 4,307 5,172
Long-term debt, less current portion 19,779 18,371
Deferred income taxes 4,288 6,398
Environmental and asset retirement obligations, less current portion 3,739 3,647
Other liabilities 1,656 1,861
Total liabilities 33,769 35,449
Redeemable noncontrolling interest 764 751
Stockholders’ equity:    
Common stock, par value $0.10, 1,374 shares and 1,167 shares issued, respectively 137 117
Capital in excess of par value 24,283 22,281
(Accumulated deficit) retained earnings (12,387) 128
Accumulated other comprehensive loss (503) (544)
Common stock held in treasury – 128 shares at cost (3,702) (3,695)
Total stockholders’ equity 7,828 18,287
Noncontrolling interests 4,216 4,187
Total equity 12,044 22,474
Total liabilities and equity $ 46,577 $ 58,674
[1] Materials and supplies inventory was net of obsolescence reserves totaling $29 million at December 31, 2015, and $20 million at December 31, 2014.