Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Current assets:
Cash and cash equivalents	$ 1,254,536	$ 2,269,756
Trade accounts receivable, less allowance for doubtful accounts (2017 – $15,403; 2016 – $15,312)	508,460	486,035
Other accounts receivable	54,486	41,985
Inventories	518,936	450,263
Other current assets	53,836	58,579
Total current assets	2,390,254	3,306,618
Property, plant and equipment, at cost	3,965,656	3,910,522
Less accumulated depreciation and amortization	1,584,276	1,550,382
Net property, plant and equipment	2,381,380	2,360,140
Investments	493,406	457,533
Other assets	146,497	142,320
Goodwill	1,544,574	1,540,032
Other intangibles, net of amortization	410,357	354,564
Total assets	7,366,468	8,161,207
Current liabilities:
Accounts payable	336,890	281,874
Accrued expenses	253,930	322,165
Current portion of long-term debt	314,500	247,544
Dividends payable	35,215	34,104
Income taxes payable	267,412	254,416
Total current liabilities	1,207,947	1,140,103
Long-term debt	1,398,386	2,121,718
Postretirement benefits	50,619	50,538
Pension benefits	301,304	298,695
Other noncurrent liabilities	201,884	194,810
Deferred income taxes	422,356	412,739
Commitments and contingencies (Note 11)
Albemarle Corporation shareholders’ equity:
Common stock, $.01 par value, issued and outstanding – 110,752 in 2017 and 112,524 in 2016	1,108	1,125
Additional paid-in capital	1,845,839	2,084,418
Accumulated other comprehensive loss	(346,981)	(412,412)
Retained earnings	2,137,703	2,121,931
Total Albemarle Corporation shareholders’ equity	3,637,669	3,795,062
Noncontrolling interests	146,303	147,542
Total equity	3,783,972	3,942,604
Total liabilities and equity	$ 7,366,468	$ 8,161,207

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).

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- 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.